Document:

Exhibit 10.1

 

BRIDGE CREDIT AGREEMENT

 

Dated as of December 14, 2020

 

among

 

UTZ
QUALITY FOODS, LLC,

as the Borrower,

 

UTZ BRANDS HOLDINGS, LLC (f/k/a/ UM-U INTERMEDIATE,
LLC),

as the Parent,

 

bank
of america, n.a.,

as Administrative Agent and Collateral Agent,

 

THE LENDERS PARTY HERETO,

 

BofA
SECURITIES, INC.,

GOLDMAN
SACHS BANK USA, and

CREDIT
SUISSE LOAN FUNDING LLC

 

as Joint Lead Arrangers and Joint Bookrunners

 

 

 

    	 

    	 

    

 

Table of Contents

 

Page

 

	ARTICLE
    I
	 
	Definitions
    and Accounting Terms
	 	 	 
	Section 1.01	Defined Terms	1
	Section 1.02	Other Interpretive Provisions	49
	Section 1.03	Accounting Terms	50
	Section 1.04	Rounding	50
	Section 1.05	References to Agreements, Laws, Etc.	50
	Section 1.06	Times of Day	51
	Section 1.07	Timing of Payment or Performance	51
	Section 1.08	Currency Equivalents Generally	51
	Section 1.09	Certain Calculations and Tests	52
	Section 1.10	Inability to Determine Rates	52
	 	 	 
	ARTICLE
    II
	 
	The Bridge
    Commitments and Credit Extension
	 
	Section 2.01	The Borrowing	55
	Section 2.02	Borrowing, Conversions and Continuations of
    Loans	55
	Section 2.03	[Reserved]	57
	Section 2.04	[Reserved]	57
	Section 2.05	Prepayments	57
	Section 2.06	Termination or Reduction of Bridge Commitments	62
	Section 2.07	Conversion; Repayment of Loans	62
	Section 2.08	Interest	62
	Section 2.09	Fees	63
	Section 2.10	Computation of Interest and Fees	63
	Section 2.11	Evidence of Indebtedness	63
	Section 2.12	Payments Generally	63
	Section 2.13	Sharing of Payments	65
	Section 2.14	[Reserved]	66
	Section 2.15	[Reserved]	66
	Section 2.16	Defaulting Lenders	66
	Section 2.17	[Reserved]	67
	 	 	 
	ARTICLE
    III
	 
	Taxes,
    Increased Costs Protection and Illegality
	 
	Section 3.01	Taxes	67
	Section 3.02	Inability to Determine Rates	70
	Section 3.03	Increased Cost and Reduced Return; Capital Adequacy;
    Reserves on Eurocurrency Rate Loans	70
	Section 3.04	Funding Losses	71
	Section 3.05	Matters Applicable to All Requests for Compensation	71

 

    -i- 

     

    

 

Page

 

	Section 3.06	Replacement of Lenders under
    Certain Circumstances	73
	Section 3.07	Illegality	73
	Section 3.08	Survival	74
	 	 	 
	ARTICLE
    IV
	 
	Conditions
    Precedent to Credit Extension
	 
	Section 4.01	Conditions to Closing Date	74
	Section 4.02	[Reserved]	76
	 	 	 
	ARTICLE
    V
	 
	Representations
    and Warranties
	 
	Section 5.01	Existence, Qualification and Power; Compliance
    with Laws	77
	Section 5.02	Authorization; No Contravention	77
	Section 5.03	Governmental Authorization; Other Consents	77
	Section 5.04	Binding Effect	78
	Section 5.05	Financial Statements; No Material Adverse Effect	78
	Section 5.06	Litigation	78
	Section 5.07	Ownership of Property; Liens	78
	Section 5.08	Environmental Matters	78
	Section 5.09	Taxes	79
	Section 5.10	Compliance with ERISA	79
	Section 5.11	Subsidiaries; Equity Interests	79
	Section 5.12	Margin Regulations; Investment Company Act	80
	Section 5.13	Disclosure	80
	Section 5.14	Intellectual Property; Licenses, Etc.	80
	Section 5.15	Solvency	80
	Section 5.16	Collateral Documents	81
	Section 5.17	Use of Proceeds	81
	Section 5.18	Sanctions Laws and Regulations and Anti-Corruption
    Laws	81
	 	 	 
	ARTICLE
    VI
	 
	Affirmative
    Covenants
	 
	Section 6.01	Financial Statements	81
	Section 6.02	Certificates; Other Information	82
	Section 6.03	Notices	84
	Section 6.04	Maintenance of Existence	84
	Section 6.05	Maintenance of Properties	84
	Section 6.06	Maintenance of Insurance	85
	Section 6.07	Compliance with Laws	85
	Section 6.08	Books and Records	85
	Section 6.09	Inspection Rights	85
	Section 6.10	Covenant to Guarantee Obligations and Give Security	85
	Section 6.11	Use of Proceeds	86
	Section 6.12	Further Assurances 	86
	Section 6.13	Designation of Subsidiaries	87

 

    -ii- 

     

    

 

Page

 

	Section 6.14	Payment of Taxes	87
	Section 6.15	Nature of Business	87
	Section 6.16	Maintenance of Rating of the Borrower and the Facilities	87
	Section 6.17	[Reserved]	88
	Section 6.18	Senior Exchange Notes	88
	Section 6.19	Securities Demand	89
	Section 6.20	Refinancing of Bridge Loans	89
	 	 	 
	ARTICLE VII
	 
	Negative Covenants
	 
	Section 7.01	Liens	89
	Section 7.02	Investments	93
	Section 7.03	Indebtedness	96
	Section 7.04	Fundamental Changes	100
	Section 7.05	Dispositions	101
	Section 7.06	Restricted Payments	103
	Section 7.07	Transactions with Affiliates	106
	Section 7.08	Prepayments, Etc., of Indebtedness	107
	Section 7.09	[Reserved]	108
	Section 7.10	Negative Pledge and Subsidiary Distributions	108
	Section 7.11	Change of Fiscal Year	110
	Section 7.12	Material Real Property	110
	Section 7.13	[Reserved]	110
	 	 	 
	ARTICLE VIII
	 
	Events of Default and Remedies
	 
	Section 8.01	Events of Default	110
	Section 8.02	Remedies Upon Event of Default	112
	Section 8.03	Exclusion of Immaterial Subsidiaries	112
	Section 8.04	Application of Funds	113
	 	 	 
	ARTICLE IX
	 
	Administrative Agent and Other Agents
	 
	Section 9.01	Appointment and Authorization of Agents	113
	Section 9.02	Delegation of Duties	114
	Section 9.03	Liability of Agents	114
	Section 9.04	Reliance by Agents	115
	Section 9.05	Notice of Default	115
	Section 9.06	Credit Decision; Disclosure of Information by Agents	116
	Section 9.07	Indemnification of Agents	116
	Section 9.08	Agents in their Individual Capacities	117
	Section 9.09	Successor Agents	117
	Section 9.10	Administrative Agent May File Proofs of Claim	118
	Section 9.11	Collateral and Guaranty Matters	119
	Section 9.12	Other Agents; Arrangers and Managers	120

 

    -iii- 

     

    

 

Page

 	Section 9.13	Appointment of Supplemental Administrative Agents	120
	Section 9.14	Withholding Tax	121
	 	 	 
	ARTICLE X
	 
	Miscellaneous
	 
	Section 10.01	Amendments, Etc.	121
	Section 10.02	Notices and Other Communications; Facsimile Copies	123
	Section 10.03	No Waiver; Cumulative Remedies	126
	Section 10.04	Attorney Costs and Expenses	126
	Section 10.05	Indemnification by the Borrower	127
	Section 10.06	Payments Set Aside	128
	Section 10.07	Successors and Assigns	128
	Section 10.08	Confidentiality	133
	Section 10.09	Setoff	134
	Section 10.10	Counterparts	134
	Section 10.11	Integration	135
	Section 10.12	Survival of Representations and Warranties	135
	Section 10.13	Severability	135
	Section 10.14	GOVERNING LAW, JURISDICTION, SERVICE OF PROCESS	135
	Section 10.15	WAIVER OF RIGHT TO TRIAL BY JURY	136
	Section 10.16	Binding Effect	136
	Section 10.17	Judgment Currency	137
	Section 10.18	Lender Action	137
	Section 10.19	Know-Your-Customer, Etc.	137
	Section 10.20	USA PATRIOT Act	137
	Section 10.21	Applicable Intercreditor Agreements	137
	Section 10.22	Obligations Absolute	138
	Section 10.23	No Advisory or Fiduciary Responsibility	138
	Section 10.24	Electronic Execution of Assignments and Certain Other Documents	139
	Section 10.25	Acknowledgement and Consent to Bail-In of Affected Financial Institutions	139
	Section 10.26	Lender Representation	139
	Section 10.27	Acknowledgement Regarding Any Supported QFCs	140

 

SCHEDULES

 

	1.01A	—	Certain Security Interests and Guarantees
	1.01B	—	Unrestricted Subsidiaries
	1.01C	—	Excluded Subsidiaries
	1.01D	—	Guarantors
	1.01E	—	Material Real Property
	2.01	—	Bridge Commitments
	5.06	—	Litigation
	5.11	—	Subsidiaries and Other Equity Investments
	6.12	—	[Reserved]
	7.01(b)	—	Existing Liens
	7.02	—	Existing Investments
	7.07	—	Transactions with Affiliates
	10.02	—	Administrative Agent’s Office; Certain Addresses for Notices

 

    -iv- 

     

    

 

EXHIBITS

 

Form of

 

	A	—	Committed Loan Notice
	B	—	[Reserved]
	C-1	—	Bridge Note
	C-2	—	Extended Term Loan Note
	D	—	Compliance Certificate
	E	—	Assignment and Assumption
	F	—	Guaranty
	G-1	—	[Reserved]
	G-2	—	Pari Passu Intercreditor Agreement
	H	—	Security Agreement
	I	—	[Reserved]
	J	—	[Reserved]
	K	—	[Reserved]
	L	—	United States Tax Compliance Certificate

 

    -v- 

     

    

 

BRIDGE CREDIT AGREEMENT

 

This BRIDGE CREDIT AGREEMENT
(this “Agreement”) is entered into as of December 14, 2020, among UTZ QUALITY FOODS, LLC, a Delaware limited
liability company (the “Borrower”), UTZ BRANDS HOLDINGS, LLC (f/k/a UM-U INTERMEDIATE, LLC), a Delaware limited
liability company (the “Parent”) and Bank of America, N.A. (“Bank
of America”), as Administrative Agent and Collateral Agent, and each lender from time to time party hereto (the “Lenders”).

 

PRELIMINARY STATEMENTS

 

1.       Pursuant
to that certain Stock Purchase Agreement, dated as of November 11, 2020 (as amended, supplemented or modified and in effect from
time to time, and together with all exhibits, schedules and disclosure letters thereto, collectively, the “Acquisition
Agreement”), by and among the Borrower and Heron Holding Corporation (collectively, the “Purchasers”),
Truco Holdco Inc. (the “Target”) and Truco Holdings LLC, the Purchasers will acquire (the “Acquisition”)
all of the issued and outstanding equity interests of the Target through an equity purchase transaction in accordance with the
terms of the Acquisition Agreement.

 

2.       The
Borrower has requested the Lenders make available to them the Bridge Commitments and Bridge Loans, on the terms and conditions
set forth herein, the proceeds of which will be used for the purposes set forth in Section 6.11.

 

3.       The
proceeds of the Bridge Loans together with the proceeds of the Permanent Financing (if any) and cash on hand, will be used to
(a) consummate the Acquisition and (b) finance the Transaction Expenses.

 

The applicable Lenders
have indicated their willingness to lend on the terms and subject to the conditions set forth herein.

 

In consideration of
the mutual covenants and agreements herein contained, the parties hereto covenant and agree as follows:

 

ARTICLE
I

  

Definitions and Accounting Terms

 

Section
1.01                     Defined
Terms. As used in this Agreement, the following
terms shall have the meanings set forth below:

 

“ABL Credit
Agreement” means the ABL Credit Agreement dated as of November 21, 2017, among the Parent, the Borrower (as administrative
borrower), Golden Flake Snack Foods, Inc (as co-borrower), each additional borrower from time to time party thereto, the ABL Facility
Administrative Agent and the several banks and other financial institutions from time to time parties thereto, as such agreement
may be amended, supplemented, waived or otherwise modified from time to time, in each case to the extent permitted hereunder,
and any Permitted Refinancing thereof (unless such agreement, instrument or document expressly provides that it is not intended
to be and is not an ABL Credit Agreement), in each case to the extent permitted hereunder.

 

“ABL Facility”
means the collective reference to the ABL Credit Agreement, any Loan Documents (as defined therein), any notes and letters of
credit issued pursuant thereto and any guarantee, security agreement, patent, trademark or copyright security agreements, letter
of credit applications and other guarantees, pledge agreements, security agreements and collateral documents, and other instruments
and documents, executed and delivered pursuant to or in connection with any of the foregoing, in each case as the same may be
amended, supplemented, waived or otherwise modified from time to time, or refunded, refinanced, restructured, replaced, renewed,
repaid, increased or extended from time to time, in each case to the extent permitted hereunder and any Permitted Refinancing
thereof (unless such agreement, instrument or document expressly provides that it is not intended to be and is not an ABL Facility).

 

     

     

    

 

“ABL Facility
Administrative Agent” means Bank of America, N.A. in its capacity as administrative agent under the ABL Credit Agreement
or any successor agent under the ABL Loan Documents.

 

“ABL Intercreditor
Agreement” means that certain ABL Intercreditor Agreement dated as of November 21, 2017, among Bank of America, N.A.,
as collateral agent under the First Lien Credit Agreement, Bank of America, N.A., as collateral agent under the ABL Credit Agreement
and the representatives for purposes thereof for holders of one or more other classes of Indebtedness, the Borrower and the other
parties thereto, as amended, restated, supplemented or otherwise modified from time to time in accordance with the requirements
thereof and of this Agreement, and which shall also include any replacement intercreditor agreement entered into in accordance
with the terms hereof.

 

“ABL Lenders”
means “Lenders” under the ABL Credit Agreement.

 

“ABL Loan Documents”
means, collectively, (i) the ABL Credit Agreement and (ii) the security documents, intercreditor agreements (including the ABL
Intercreditor Agreement), guarantees, joinders and other agreements or instruments executed in connection with the ABL Facility
or such other agreements, in each case, as amended, modified, supplemented, substituted, replaced, restated or refinanced, in
whole or in part, from time to time including in connection with a Permitted Refinancing of the ABL Facility.

 

“ABL Obligations”
means “Obligations” as defined in the ABL Facility as in effect on the Closing Date.

 

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

 

“Accounting
Changes” has the meaning specified in Section 1.03(d).

 

“Acquired EBITDA”
means, with respect to any Acquired Entity or Business or any Converted Restricted Subsidiary for any period, the amount for such
period of Consolidated EBITDA of such Acquired Entity or Business or Converted Restricted Subsidiary, as applicable, all as determined
on a consolidated basis for such Acquired Entity or Business or Converted Restricted Subsidiary, as applicable.

 

“Acquired Entity
or Business” has the meaning specified in the definition of the term “Consolidated EBITDA.”

 

“Acquisition”
has the meaning specified in the preliminary statements to this Agreement.

 

“Acquisition
Agreement” has the meaning specified in the preliminary statements to this Agreement.

 

“Administrative
Agent” means, subject to Section 9.13, Bank of America in its capacity as administrative agent under the
Loan Documents, or any successor administrative agent appointed in accordance with Section 9.09.

 

    -2-

     

    

 

“Administrative
Agent’s Office” means the Administrative Agent’s address and, as appropriate, account as set forth on Schedule
10.02, or such other address or account as the Administrative Agent may from time to time notify the Borrower
and the Lenders.

 

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

 

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

 

“Affiliate”
means, with respect to any Person, another Person that directly, or indirectly through one or more intermediaries, Controls or
is Controlled by or is under common Control with the Person specified. “Control” means the possession, directly
or indirectly, of the power to direct or cause the direction of the management or policies of a Person, whether through the ability
to exercise voting power, by contract or otherwise. “Controlling” and “Controlled” have
meanings correlative thereto.

 

“Affiliated
Debt Fund” means an Affiliated Lender that is primarily engaged in, or advises funds or other investment vehicles that
are engaged in, making, purchasing, holding or otherwise investing in commercial loans, bonds and similar extensions of credit
in the ordinary course of business and with respect to which a Permitted Holder does not, directly or indirectly, possess the
power to direct or cause the direction of the investment policies of such entity.

 

“Affiliated
Lender” means the Permitted Holders, the Borrower and any Affiliates thereof (including Affiliated Debt Funds but excluding,
in each case, any natural person).

 

“Agent Parties”
has the meaning specified in Section 10.02(c).

 

“Agent-Related
Persons” means the Agents, together with their respective Affiliates, and the officers, directors, employees, agents
and attorneys-in-fact of such Persons and Affiliates.

 

“Agents”
means, collectively, the Administrative Agent, the Collateral Agent, and the Supplemental Administrative Agents (if any).

 

“Aggregate
Commitments” means the Bridge Commitments of all the Lenders.

 

“Agreement”
has the meaning specified in the introductory paragraph hereof.

 

“Agreement
Currency” has the meaning specified in Section 10.17.

 

“Applicable
Intercreditor Agreement” means (a) to the extent executed in connection with any incurrence of Indebtedness secured
by Liens on the Collateral that (i) are intended to rank equal in priority to the Liens on the ABL Priority Collateral securing
the ABL Obligations and (ii) are intended to rank junior in priority to the Liens on the Term Priority Collateral securing the
Obligations, the ABL Intercreditor Agreement, (b) to the extent executed in connection with any incurrence of Indebtedness secured
by Liens on the Collateral that are intended to rank equal in priority to the Liens on the Collateral securing the Obligations
(but without regard to control of remedies), each of the ABL Intercreditor Agreement and the Pari Passu Intercreditor Agreement,
(c) [reserved] and (d) to the extent executed in connection with any incurrence of Indebtedness secured by Liens on the Collateral
that are intended to rank junior in priority to the Liens securing the Obligations, each of the ABL Intercreditor Agreement and
a customary intercreditor agreement in form and substance reasonably acceptable to the Administrative Agent and the Borrower,
which agreement shall provide that the Liens on the Collateral securing such Indebtedness shall rank junior to the Liens on the
Collateral securing the Obligations.

 

    -3-

     

    

 

“Applicable
Lending Office” means for any Lender, such Lender’s office, branch or affiliate designated for Eurocurrency Rate
Loans or Base Rate Loans, as applicable, as notified to the Administrative Agent, any of which offices may be changed by such
Lender.

 

“Applicable
Percentage” means, at any time (a) with respect to any Lender with a Bridge Commitment, the percentage (carried out
to the 9th decimal place) equal to a fraction the numerator of which is the amount of such Lender’s Bridge Commitment
at such time and the denominator of which is the aggregate amount of all Bridge Commitments of all Lenders and (b) with respect
to the Loans, a percentage (carried out to the 9th decimal place) equal to a fraction the numerator of which is such
Lender’s Outstanding Amount of the Loans and the denominator of which is the aggregate Outstanding Amount of all Loans.

 

“Applicable
Rate” means a percentage per annum equal to, (A) for Eurocurrency Rate Loans that are Bridge Loans, (i) from the Closing
date through January 29, 2021, 4.25%, (ii) from January 30, 2021 through February 28, 2021, 5.25% and (iii) thereafter, 6.00%
and (B) for Base Rate Loans that are Bridge Loans, (i) from the Closing date through January 29, 2021, 3.25%, (ii) from January
30, 2021 through February 28, 2021, 4.25% and (iii) thereafter, 5.00%.

 

“Approved Foreign
Bank” has the meaning specified in the definition of “Cash Equivalents.”

 

“Approved Fund”
means, with respect to any Lender, any Fund that is administered, advised or managed by (a) such Lender, (b) an Affiliate of such
Lender or (c) an entity or an Affiliate of an entity that administers, advises or manages such Lender.

 

“Asset
Percentage” has the meaning specified in Section 2.05(b)(ii).

 

“Assignees”
has the meaning specified in Section 10.07(b).

 

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

 

“Attorney Costs”
means and includes all reasonable fees, expenses and disbursements of any law firm or other external legal counsel.

 

“Attributable
Indebtedness” means, on any date, in respect of any Capitalized Lease of any Person, the capitalized amount thereof
that would appear on a balance sheet of such Person prepared as of such date in accordance with GAAP.

 

“Audited Financial
Statements” means (i) the audited Consolidated balance sheets and Consolidated statements of income and cash flows of
the Borrower and its Restricted Subsidiaries for the fiscal years ended on or closest to December 31, 2019, December 31, 2018
and December 31, 2017 and (ii) the audited Consolidated balance sheets and Consolidated statements of income and cash flows of
the Company Entities (as defined in the Acquisition Agreement) as of and for the fiscal years ended December 31, 2019, December
31, 2018 and December 31, 2017.

 

    -4-

     

    

 

“Available
Amount” means, at any time (the “Available Amount Reference Time”), an amount (which shall not be
less than zero) equal to the sum of:

 

(a)       $15,000,000;
plus

 

(b)       [reserved];
plus

 

(c)       the
amount of any capital contributions (including mergers or consolidations that have a similar effect) or Net Cash Proceeds from
any Permitted Equity Issuance (or issuance of debt securities by the Parent, the Borrower or any of the Restricted Subsidiaries
that have been converted into or exchanged for Qualified Equity Interests of the Parent or any direct or indirect parent thereof),
in each case during the period from the Business Day immediately following the Closing Date through and including the Available
Amount Reference Time (other than any Excluded Contribution Amount, or any other capital contributions (including mergers or consolidations
that have a similar effect) or equity or debt issuances to the extent utilized in connection with other transactions permitted
pursuant to Section 7.02, 7.03, 7.06 or 7.08) received or made by the Parent (or any direct
or indirect parent thereof and contributed by such parent to such Parent) during the period from and including the Business Day
immediately following the Closing Date through and including the Available Amount Reference Time; plus

 

(d)       the
aggregate amount of Retained Declined Proceeds during the period from the Business Day immediately following the Extension Date
through and including the Available Amount Reference Time; plus

 

(e)       to
the extent not (i) already included in the calculation of Consolidated Net Income of the Parent, the Borrower and the Restricted
Subsidiaries or (ii) already reflected as a return of capital or deemed reduction in the amount of such Investment pursuant to
clause (g) below or any other provision of Section 7.02, the aggregate amount of all cash dividends and other
cash distributions received by the Parent, the Borrower or any Restricted Subsidiary from any JV Entity or Unrestricted Subsidiaries
during the period from the Business Day immediately following the Closing Date through and including the Available Amount Reference
Time; plus

 

(f)       to
the extent not (i) already included in the calculation of Consolidated Net Income of the Parent, the Borrower and the Restricted
Subsidiaries, (ii) already reflected as a return of capital or deemed reduction in the amount of such Investment pursuant to clause
(g) below or any other provision of Section 7.02, or (iii) used to prepay Loans in accordance with Section
2.05(b)(ii), the aggregate amount of all Net Cash Proceeds received by the Parent, the Borrower or any Restricted Subsidiary
in connection with the sale, transfer or other disposition of its ownership interest in any JV Entity or Unrestricted Subsidiary
during the period from the Business Day immediately following the Closing Date through and including the Available Amount Reference
Time; minus

 

(g)       the
aggregate amount of (i) any Investments made pursuant to Section 7.02(n) (net of any return of capital in respect
of such Investment or deemed reduction in the amount of such Investment, including, without limitation, upon the redesignation
of any Unrestricted Subsidiary as a Restricted Subsidiary or the sale, transfer, lease or other disposition of any such Investment),
(ii) any Restricted Payment made pursuant to Section 7.06(k) and (iii) any payments made pursuant to Section 7.08(a)(iii)(B),
in each case, during the period commencing on the Closing Date through and including the Available Amount Reference Time (and,
for purposes of this clause (g), without taking account of the intended usage of the Available Amount at such Available
Amount Reference Time).

 

    -5-

     

    

 

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

 

“Bank of America”
has the meaning specified in the introductory paragraph to this Agreement.

 

“Bankruptcy
Code” means Title 11 of the United State Code, as amended, or any similar federal or state law for the relief of debtors.

 

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

 

“Base Rate”
means, for any day, a fluctuating rate per annum equal to the greatest of: (a) the Federal Funds Rate in effect on such date plus
1/2 of 1.00%, (b) the rate of interest in effect for such day as publicly announced from time to time by Bank of America as its
 “prime rate,” (c) the Eurocurrency Rate plus 1.00% and (d) 0.00% per annum. The “prime rate” is a rate
set by Bank of America based upon various factors including Bank of America’s costs and desired return, general economic
conditions and other factors, and is used as a reference point for pricing some loans, which may be priced at, above, or below
such announced rate.

 

“Base Rate
Loan” means a Bridge Loan that bears interest at a rate based on the Base Rate.

 

“Basel
III” means, collectively, those certain agreements on capital requirements, leverage ratios and liquidity standards
contained in “Basel III: A Global Regulatory Framework for More Resilient Banks and Banking Systems,” “Basel
III: International Framework for Liquidity Risk Measurement, Standards and Monitoring,” and “Guidance for National
Authorities Operating the Countercyclical Capital Buffer,” each as published by the Basel Committee on Banking Supervision
in December 2010 (as revised from time to time).

 

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

 

    -6-

     

    

 

“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”.

 

“Borrower”
has the meaning specified in the introductory paragraph to this Agreement.

 

“Borrower
Materials” has the meaning specified in Section 6.02.

 

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

 

“Bridge
Commitment” means, as to each Lender, its obligation to make a Bridge Loan to the Borrower pursuant to Section
2.01 in an aggregate principal amount not to exceed the amount set forth opposite such Lender’s name on Schedule
2.01 under the caption “Bridge Commitment” or in the Assignment and Assumption pursuant to which such Lender becomes
a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement. The initial
aggregate amount of the Bridge Commitments is $490,000,000.

 

“Bridge
Loan” means a Loan made pursuant to Section 2.01.

 

“Bridge Note”
means a promissory note of the Borrower payable to any Lender or its registered assigns, in substantially the form of Exhibit
C-1 hereto with appropriate insertions, evidencing the aggregate Indebtedness of the Borrower to such Lender resulting from
any Bridge Loans made by such Lender.

 

“Bridge Period”
means the period from the Closing Date to but excluding the Extension Date.

 

“British Pounds
Sterling” means the lawful currency of Great Britain.

 

“Business Combination
Agreement” means that certain Business Combination Agreement, dated as of June 5, 2020 (as amended, restated, amended
and restated, supplemented or otherwise modified from time to time), by and among Collier Creek Holdings, a Cayman Islands exempted
company as Buyer (as defined therein), Parent, Series U of UM Partners, LLC and Series R of UM Partners, LLC.

 

“Business Day”
means any day that is not a Saturday, Sunday or other day on which commercial banks in New York City are authorized or required
by law to remain closed; provided that when used in connection with a Eurocurrency Rate Loan, the term “Business
Day” shall also exclude any day on which banks are not open for dealings in Dollar deposits in the London interbank
market.

 

“Canadian Dollars”
means the lawful currency of Canada.

 

“Capital
Expenditures” means, for any period, the aggregate of, without duplication, (a) all expenditures (whether paid in cash
or accrued as liabilities) by the Parent, the Borrower and the Restricted Subsidiaries during such period that, in conformity
with GAAP, are or are required to be included as additions during such period to property, plant or equipment in a consolidated
statement of cash flows and reflected in the consolidated balance sheet of the Parent, the Borrower and the Restricted
Subsidiaries and (b) Capitalized Lease Obligations incurred by the Parent, the Borrower and the Restricted Subsidiaries during
such period.

 

    -7-

     

    

 

“Capitalized
Lease Obligation” means, at the time any determination thereof is to be made, the amount of the liability in respect
of a Capitalized Lease that would at such time be required to be capitalized and reflected as a liability on a balance sheet (excluding
the footnotes thereto) prepared in accordance with GAAP.

 

“Capitalized
Leases” means all leases that are required to be, in accordance with GAAP, recorded as capitalized leases; provided
that for all purposes hereunder the amount of obligations under any Capitalized Lease shall be the amount thereof accounted
for as a liability in accordance with GAAP; provided that all obligations of the Parent, the Borrower and the Restricted
Subsidiaries that are or would be characterized as an operating lease as determined in accordance with GAAP as in effect on the
Closing Date (whether or not such operating lease was in effect on such date) shall continue to be accounted for as an operating
lease (and not as a Capitalized Lease) for purposes of this Agreement regardless of any change in GAAP following the Closing Date
that would otherwise require such obligation to be recharacterized as a Capitalized Lease.

 

“Cash
Equivalents” means any of the following types of Investments, to the extent owned by the Parent, the Borrower
or any Restricted Subsidiary:

 

(1)       Dollars;

 

(2)       securities
issued or directly and fully and unconditionally guaranteed or insured by the United States government or any agency or instrumentality
of the foregoing the securities of which are unconditionally guaranteed as a full faith and credit obligation of such government
with maturities of 24 months or less from the date of acquisition;

 

(3)       certificates
of deposit, time deposits and eurodollar time deposits with maturities of one year or less from the date of acquisition, with
any domestic or foreign commercial bank having capital and surplus of not less than $500,000,000 in the case of U.S. banks and
$100,000,000 (or the Dollar equivalent as of the date of determination) in the case of non-U.S. banks;

 

(4)       repurchase
obligations for underlying securities of the types described in clauses (2), (3) and (7) of this definition
entered into with any financial institution meeting the qualifications specified in clause (3) above;

 

(5)       commercial
paper rated at least “P-1” by Moody’s or at least “A-1” by S&P, and in each case maturing within
24 months after the date of creation thereof and Indebtedness or preferred stock issued by Persons with a rating of “A”
or higher from S&P or “A-2” or higher from Moody’s, with maturities of 24 months or less from the date of
acquisition;

 

(6)       marketable
short-term money market and similar securities having a rating of at least “P-2” or “A-2” from either
Moody’s or S&P, respectively (or, if at any time neither Moody’s nor S&P shall be rating such obligations,
an equivalent rating from another nationally recognized statistical rating agency selected by the Borrower) and in each case maturing
within 24 months after the date of creation or acquisition thereof;

 

(7)       readily
marketable direct obligations issued by any state, commonwealth or territory of the United States or any political subdivision
or taxing authority thereof having an Investment Grade Rating from Moody’s or S&P with maturities of 24 months or less
from the date of acquisition;

 

    -8-

     

    

 

(8)       readily
marketable direct obligations issued by any foreign government or any political subdivision or public instrumentality thereof,
in each case having an Investment Grade Rating from Moody’s or S&P with maturities of 24 months or less from the date
of acquisition;

 

(9)       Investments
with average maturities of 12 months or less from the date of acquisition in money market funds rated within the top three ratings
category by S&P or Moody’s;

 

(10)       with
respect to any Foreign Subsidiary: (i) obligations of the national government of the country in which such Foreign Subsidiary
maintains its chief executive office and principal place of business provided such country is a member of the Organization for
Economic Cooperation and Development, in each case maturing within one year after the date of investment therein, (ii) certificates
of deposit of, bankers acceptances of, or time deposits with, any commercial bank which is organized and existing under the laws
of the country in which such Foreign Subsidiary maintains its chief executive office and principal place of business provided
such country is a member of the Organization for Economic Cooperation and Development, and whose short-term commercial paper rating
from S&P is at least “A-1” or the equivalent thereof or from Moody’s is at least “P-1” or the
equivalent thereof (any such bank being an “Approved Foreign Bank”), and in each case with maturities of not
more than 270 days from the date of acquisition and (iii) the equivalent of demand deposit accounts which are maintained with
an Approved Foreign Bank;

 

(11)       Cash
Equivalents of the types described in clauses (1) through (10) above denominated in Dollars, Euro, Brazilian Real,
British Pounds Sterling, Australian Dollars, Canadian Dollars, Chinese Yuan, Danish Kroner, Hong Kong Dollars, Hungarian Forint,
Indian Rupee, Japanese Yen, New Zealand Dollars, Norwegian Krone, Singapore Dollars, South African Rand, Swedish Kroner, Swiss
Francs, Turkish Lira, United Arab Emirates Dirham or any other currency (other than Dollars) that is a lawful currency (other
than Dollars) that is readily available and freely transferable and convertible into Dollars or, solely to the extent held in
the ordinary course of business and not for speculative purposes, any currency in which the Parent, the Borrower and/or the Restricted
Subsidiaries regularly conducts business; and

 

(12)       investment
funds investing at least 90% of their assets in Cash Equivalents of the types described in clauses (1) through (11)
above.

 

“Cash Management
Bank” means any financial institution providing treasury, depository, credit or debit card, purchasing card, and/or
cash management services or automated clearing house transactions to the Parent, the Borrower or any Restricted Subsidiary or
conducting any automated clearing house transfers of funds.

 

“Cash Management
Obligations” means obligations owed by the Parent, the Borrower or any Restricted Subsidiary to any Cash Management
Bank in respect of any Cash Management Services.

 

“Cash Management
Services” means (a) commercial credit cards, merchant card services, purchase or debit cards, including non-card e-payables
services, (b) treasury management services (including controlled disbursement, overdraft automatic clearing house fund transfer
services, return items and interstate depository network services) and (c) any other demand deposit or operating account relationships
or other cash management services.

 

“Casualty
Event” means any event that gives rise to the receipt by the Parent, the Borrower or any Restricted Subsidiary
of any insurance proceeds or condemnation awards in respect of any equipment, fixed assets or real property (including any improvements
thereon) to replace or repair such equipment, fixed assets or real property.

 

    -9-

     

    

 

“Change in
Law” means the occurrence, after the date of this Agreement, of any of the following: (a) the adoption or taking effect
of any law, rule, regulation or treaty, (b) any change in any law, rule, regulation or treaty or in the administration, interpretation,
implementation or application thereof by any Governmental Authority or (c) the making or issuance of any request, rule, guideline
or directive (whether or not having the force of law) by any Governmental Authority; provided that notwithstanding anything
herein to the contrary, (x) the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules, guidelines
or directives thereunder or issued in connection therewith and (y) all requests, rules, guidelines or directives 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 in each case be deemed to be a
 “Change in Law,” regardless of the date enacted, adopted or issued.

 

“Change of
Control” means the earlier to occur of:

 

(a)       the
Permitted Holders ceasing to have the power, directly or indirectly, to vote or direct the voting of securities having a majority
of the ordinary voting power for the election of directors, managers or other governing body of the Parent and the Borrower; provided
that the occurrence of the foregoing event shall not be deemed a Change of Control if,

 

(i)       any
time prior to the consummation of a Qualifying IPO, and for any reason whatsoever, (A) the Permitted Holders otherwise have the
right, directly or indirectly, to designate (and do so designate) a majority of the board of directors, managers or other governing
body of the Parent and the Borrower at such time or (B) the Permitted Holders own, directly or indirectly, a majority of the outstanding
voting Equity Interests of the Parent and the Borrower at such time, or;

 

(ii)       at
any time upon or after the consummation of a Qualifying IPO, and for any reason whatsoever, no “person” or “group”
(as such terms are used in Sections 13(d) and 14(d) of the Exchange Act), excluding the Permitted Holders, shall become the
 “beneficial owner” (as defined in Rules 13(d)-3 and 13(d)-5 under such Act), directly or indirectly, of more than
the greater of (x) thirty-five percent (35%) of the then outstanding voting stock of the Borrower, and (y) the percentage of the
then outstanding voting stock of the Borrower owned, directly or indirectly, beneficially by the Permitted Holders; provided
that so long as the Borrower is a Wholly Owned Subsidiary of any parent entity, no person shall be deemed to be or become
a beneficial owner of more than 35% of the voting stock of the Borrower unless such person shall be or become a beneficial owner
of more than 35% of the voting stock of such parent entity (other than a parent entity that is a Wholly Owned Subsidiary of another
parent entity); or

 

(b)       the
Borrower ceasing to be a direct Wholly Owned Subsidiary of the Parent or an Intermediate Holding Company;

 

(c)       the
occurrence of a “Change of Control” (or similar event, however denominated), as defined in the ABL Credit Agreement;
or

 

(d)        the
occurrence of a “Change of Control” (or similar event, however denominated), as defined in the First Lien Credit Agreement.

 

Notwithstanding
the preceding or any provision of Section 13d-3 of the Exchange Act, (i) a Person or group shall not be deemed to beneficially
own voting stock subject to a stock or asset purchase agreement, merger agreement, option agreement, warrant agreement or similar
agreement (or voting or option or similar agreement related thereto) until the consummation of the acquisition of the voting stock
in connection with the transactions contemplated by such agreement, (ii) if any person or group includes one or more Permitted
Holders, the issued and outstanding voting stock of the Borrower owned, directly or indirectly, by any Permitted Holders that
are part of such person or group shall not be treated as being beneficially owned by such person or group or any other member
of such person or group for purposes of determining whether a Change of Control has occurred and (iii) the right to acquire voting
stock (so long as such Person does not have the right to direct the voting of the voting stock subject to such right) or any veto
power in connection with the acquisition or disposition of voting stock will not cause a party to be a beneficial owner.

 

    -10-

     

    

 

“Change
of Control Offer” has the meaning specified in Section 2.05(d)(i).

 

“Change
of Control Payment” has the meaning specified in Section 2.05(d)(i).

 

“City
Code” has the meaning specified in Section 1.09(a).

 

“Closing
Date” means the date all the conditions precedent in Section 4.01 are satisfied or waived in accordance
with Section 10.01.

 

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

 

“Collateral”
means all the “Collateral” as defined in the Collateral Documents and all other property of whatever kind and nature
pledged or charged as collateral under any Collateral Document.

 

“Collateral
Agent” means Bank of America, in its capacity as collateral agent under any of the Loan Documents, or any successor
collateral agent appointed in accordance with Section 9.09.

 

“Collateral
and Guarantee Requirement” means, at any time, the requirement that:

 

(a)       the
Collateral Agent shall have received each Collateral Document required to be delivered on the Closing Date pursuant to Section
4.01(a)(iii), or thereafter pursuant to Section 6.10, duly executed by each Loan Party that is a party thereto;

 

(b)       all
Obligations shall have been unconditionally guaranteed (the “Guarantees”), jointly and severally, by the Parent,
each Intermediate Holding Company and each Restricted Subsidiary that is a Material Subsidiary (other than any Excluded Subsidiary)
including, as of the Closing Date, those that are listed on Schedule 1.01D hereto (each, a “Guarantor”);

 

(c)       the
Obligations and the Guarantees shall have been secured pursuant to the Security Agreements or other applicable Collateral Documents
by a first-priority security interest in (i) all the Equity Interests of the Borrower and any Intermediate Holding Company
and (ii) all Equity Interests (other than Excluded Equity) held directly by the Borrower or any other Loan Party in any Wholly
Owned Subsidiary, in each case subject to (x) those Liens permitted under Sections 7.01(b), (o), (w)
(solely with respect to modifications, replacements, renewals or extensions of Liens permitted by Sections 7.01(b)
and (o)) and (ff) and (y) any nonconsensual Lien that is permitted under Section 7.01 and the Administrative
Agent shall have received certificates or other instruments representing all such Equity Interests (if any), together with undated
stock powers or other instruments of transfer with respect thereto endorsed in blank;

 

    -11-

     

    

 

(d)       except
to the extent otherwise provided hereunder or under any Collateral Document, the Obligations and the Guarantees shall have been
secured by a perfected security interest (to the extent such security interest may be perfected by delivering certificated securities
and instruments, filing personal property financing statements, or making any necessary filings with the United States Patent
and Trademark Office or United States Copyright Office) in, substantially all tangible and intangible assets of the Parent, each
Intermediate Holding Company, the Borrower and each other Guarantor (including, without limitation, accounts receivable, inventory,
equipment, investment property, United States intellectual property, intercompany receivables, other general intangibles (including
contract rights), and proceeds of the foregoing), in each case, with the priority required by the Collateral Documents and all
certificates, agreements, documents and instruments, including Uniform Commercial Code financing statements, required by the Collateral
Documents, requirements of Law and reasonably requested by the Collateral Agent to be filed, delivered, registered or recorded
to create the Liens intended to be created by the Collateral Documents and perfect such Liens to the extent required by, and with
the priority required by, the Collateral Documents and the other provisions of the term “Collateral and Guarantee Requirement,”
shall have been filed, registered or recorded or delivered to the Collateral Agent for filing, registration or recording;

 

(e)       none
of the Collateral shall be subject to any Liens other than Permitted Liens; and

 

(f)       in
the event any Guarantor is added that is organized in a jurisdiction other than the U.S., such Loan Party shall grant a perfected
lien on substantially all of its assets (other than Excluded Property) pursuant to arrangements reasonably agreed between the
Administrative Agent and the Borrower subject to customary limitations in such jurisdiction to be reasonably agreed to between
the Administrative Agent and the Borrower.

 

The
foregoing definition shall not require the creation or perfection of pledges of or security interests in particular assets if
and for so long as the Administrative Agent and the Borrower agree in writing that the cost of creating or perfecting such
pledges or security interests in such assets shall be excessive in view of the benefits to be obtained by the Lenders therefrom.

 

Notwithstanding anything
herein to the contrary, the Borrower shall not enter into any deed of trust, trust deed, deed of hypothecation or mortgage creating
and evidencing a Lien in respect of any real property of the Borrower or any other Loan Party located in the United States of
America or any territory thereof until the Administrative Agent shall have provided written confirmation that flood insurance
due diligence and flood insurance compliance has been completed by the Administrative Agent (such written confirmation not to
be unreasonably conditioned, withheld or delayed).

 

The
Administrative Agent may grant extensions of time for the perfection of security interests in (including extensions beyond the
Closing Date for the perfection of security interests in the assets of the Loan Parties on such date) where it reasonably determines,
in consultation with the Borrower, that perfection cannot be accomplished without undue effort or expense by the time or
times at which it would otherwise be required by this Agreement or the Collateral Documents.

 

Notwithstanding the
foregoing provisions of this definition or anything in this Agreement or any other Loan Document to the contrary:

 

(A)       Liens
required to be granted from time to time pursuant to the Collateral and Guarantee Requirement shall be subject to exceptions and
limitations set forth in the Collateral Documents and, to the extent appropriate in the applicable jurisdiction, as agreed between
the Administrative Agent and the Borrower;

 

    -12-

     

    

 

(B)       the
Collateral and Guarantee Requirement shall not apply to any Excluded Property;

 

(C)       no
deposit account control agreement, securities account control agreement or other control agreements or control arrangements shall
be required with respect to any deposit account, securities account or other asset specifically requiring perfection through control
agreements except to the extent required under the ABL Facility; provided, however, that this requirement shall be deemed satisfied
for so long as the ABL Facility Administrative Agent is acting as agent for the benefit of the Collateral Agent pursuant to the
ABL Intercreditor Agreement with respect to any deposit account control agreement or securities account control agreement to which
the ABL Facility Administrative Agent is a party; provided, further, however, that in no event shall the Borrower or any Guarantor
be required to execute or deliver (or maintain in effect) any deposit account control agreement or securities account control
agreement if there is no ABL Facility then in effect or such control agreement is not otherwise required to be delivered to the
ABL Facility Administrative Agent under the terms of the ABL Facility;

 

(D)       other
than as provided in clause (f) above, no actions in any jurisdiction other than the U.S. or that are necessary to comply with
the Laws of any jurisdiction other than the U.S. shall be required in order to create any security interests in assets located,
titled, registered or filed outside of the U.S. or to perfect such security interests (it being understood that other than as
provided in clause (f) above, there shall be no security agreements, pledge agreements, or share charge (or mortgage) agreements
governed under the Laws of any jurisdiction other than the U.S.);

 

(E)       general
statutory limitations, financial assistance, corporate benefit, capital maintenance rules, fraudulent preference, “thin
capitalization” rules, retention of title claims and similar principle may limit the ability of a Foreign Subsidiary to
provide a Guarantee or Collateral or may require that the Guarantee or Collateral be limited by an amount or otherwise, in each
case as reasonably determined by the Borrower in consultation with the Administrative Agent; and

 

(F)       no
stock certificates of Immaterial Subsidiaries shall be required to be delivered to the Collateral Agent.

 

Notwithstanding the
foregoing or any other provision hereof, each Subsidiary that is a “Guarantor” under the First Lien Credit Agreement
shall be a Guarantor hereunder.

 

“Collateral
Documents” means, collectively, the Security Agreement, each of the collateral assignments, Security Agreement Supplements,
security agreements, pledge agreements or other similar agreements delivered to the Collateral Agent and the Lenders pursuant
to Section 4.01(a)(iii), Section 6.10, the Guaranty and each of the other agreements, instruments or documents
that creates or purports to create a Lien or Guarantee in favor of the Collateral Agent for the benefit of the Secured Parties.

 

“Commitment
Letter” means the Amended and Restated Commitment Letter dated November 30, 2020, by and among the Borrower, Bank of
America, N.A., BofA Securities, Inc., Goldman Sachs Bank USA, Credit Suisse AG, Cayman Islands Branch and Credit Suisse Loan Funding
LLC and as otherwise amended, supplemented or modified from time to time.

 

“Committed
Loan Notice” means (a) a notice of a Borrowing, (b) a conversion of Loans from one Type to the other or (c) a continuation
of Eurocurrency Rate Loans pursuant to Section 2.02(a), which, if in writing, shall be substantially in the form
of Exhibit A (including any form on an electronic platform or electronic transmission system as shall be approved by the
Administrative Agent), appropriately completed and signed by a Responsible Officer of the Borrower.

 

    -13-

     

    

 

 

“Communications”
has the meaning set forth in Section 10.02(g).

 

“Compensation
Period” has the meaning specified in Section 2.12(c)(ii).

 

“Compliance
Certificate” means a certificate substantially in the form of Exhibit D.

 

“Consolidated”
means with respect to any Person and any specified Subsidiaries of such Person, refers to the consolidation of financial statements
of such Person and such Subsidiaries and of particular items in such financial statements in accordance with GAAP; provided
that, as it applies to the Parent, the Borrower and the Restricted Subsidiaries, it shall mean the Borrower and the Parent
and the Restricted Subsidiaries other than the Unrestricted Subsidiaries.

 

“Consolidated
Depreciation and Amortization Expense” means, with respect to any Person for any period, the total amount of depreciation
and amortization expense, including the amortization of deferred financing fees or costs, capitalized expenditures, customer acquisition
costs and incentive payments, conversion costs and contract acquisition costs, the amortization of original issue discount resulting
from the issuance of Indebtedness at less than par and amortization of favorable or unfavorable lease assets or liabilities, of
such Person and its Restricted Subsidiaries for such period on a consolidated basis and otherwise determined in accordance with
GAAP.

 

“Consolidated
EBITDA” means, with respect to any Person for any period, the Consolidated Net Income of such Person (and with respect
to the Parent, the Borrower and Restricted Subsidiaries, such Persons on a Consolidated basis) for such period:

 

(a)       increased
(without duplication) by the following:

 

(i)       provision
for Taxes based on income or profits or capital, including, without limitation, state, franchise, excise and similar Taxes and
foreign withholding Taxes of such Person paid or accrued during such period, including any penalties and interest relating to
any tax examinations, deducted (and not added back) in computing Consolidated Net Income; plus

 

(ii)       Interest
Charges of such Person for such period (including (x) net losses or any obligations under any Swap Contracts or other derivative
instruments entered into for the purpose of hedging interest rate, currency or commodities risk, (y) bank fees and (z) costs of
surety bonds in connection with financing activities, to the extent the same were deducted (and not added back) in calculating
such Consolidated Net Income); plus

 

(iii)       Consolidated
Depreciation and Amortization Expense of such Person for such period to the extent the same were deducted (and not added back)
in computing Consolidated Net Income; plus

 

(iv)       any
fees, expenses or charges (other than depreciation or amortization expense) related to any equity offering, Investment, acquisition,
disposition or recapitalization permitted hereunder or the incurrence of Indebtedness permitted to be incurred hereunder (including
a refinancing thereof) (whether or not successful), including (A) such fees, expenses or charges related to this Agreement, the
First Lien Facility and the ABL Facility and any other credit facilities (including fees, expenses or charges of any consultants
and advisors incurred in connection with the Transaction) and (B) any amendment or other modification of this Agreement, the First
Lien Facility, the ABL Facility and any other credit facilities, in each case, deducted (and not added back) in computing Consolidated
Net Income; plus

 

    -14-

     

    

 

(v)       the
amount of any restructuring charge or reserve, integration cost or other business optimization expense or cost, including in connection
with establishing new facilities, that is deducted (and not added back) in such period in computing Consolidated Net Income, including
any one-time costs incurred in connection with acquisitions or divestitures after the Closing Date, and costs related to the closure
and/or consolidation of facilities and to exiting lines of business; plus

 

 

(vi)       any
other non-cash charges, write-downs, expenses, losses or items reducing Consolidated Net Income for such period including any
impairment charges or the impact of purchase accounting (provided that if any such non-cash charges represent an accrual
or reserve for potential cash items in any future period, (A) the Borrower may elect not to add back such non-cash charge in the
current period and (B) to the extent the Borrower elects to add back such non-cash charge, the cash payment in respect thereof
in such future period shall be subtracted from Consolidated EBITDA to such extent) or other items classified by the Borrower
as special items less other non-cash items of income increasing Consolidated Net Income (excluding any such non-cash item of income
to the extent it represents a receipt of cash in any future period); plus

 

(vii)       non-cash
losses from JV Entities and non-cash minority interest reductions; plus

 

(viii)       the
amount of “run-rate” cost savings, synergies and incremental earnings from administrative, selling or production-related
activities projected by the Borrower in good faith to result from actions taken prior to or during, or expected to be taken
following such period (including, without limitation, the Acquisition) (which cost savings, synergies or incremental earnings
shall be subject only to certification by a Responsible Officer of the Borrower and shall be calculated on a pro forma basis as
though such cost savings, synergies or incremental earnings had been realized on the first day of such period), net of the amount
of actual benefits realized prior to or during such period from such actions; provided that (A) a Responsible Officer of
the Borrower shall have certified to the Administrative Agent that (x) such cost savings, synergies or incremental earnings are
reasonably identifiable, reasonably attributable to the actions specified and reasonably anticipated to result from such actions,
(y) such actions have been taken or are to be taken within eighteen (18) months of the event giving rise thereto and (B) the aggregate
increase to Consolidated EBITDA for any period pursuant to this clause (viii), clause (ii) of the definition of “Pro Forma
Adjustment” and clause (a)(xiv)(A) of the definition of “Consolidated EBITDA” shall not exceed 25% of Consolidated
EBITDA for such period (calculated after giving effect to any increase pursuant to this clause (viii), clause (ii) of the definition
of “Pro Forma Adjustment” and clause (a)(xiv)(A) of the definition of “Consolidated EBITDA”); plus

 

(ix)       (A)
any costs or expense incurred by the Parent, the Borrower or any Restricted Subsidiary pursuant to any management equity
plan or stock option plan or any other management or employee benefit plan or agreement or any stock subscription or shareholder
agreement, to the extent that such cost or expenses are funded with cash proceeds contributed to the capital of the Borrower or
Net Cash Proceeds of an issuance of Equity Interests (other than Disqualified Equity Interests or any Cure Amounts) of the Borrower
and (B) cash payments under long-term management equity incentive plans; plus

 

    -15-

     

    

 

(x)       cash
receipts (or any netting arrangements resulting in reduced cash expenditures) not representing Consolidated EBITDA or Consolidated
Net Income in any period to the extent non-cash gains relating to such income were deducted in the calculation of Consolidated
EBITDA pursuant to paragraph (b) below for any previous period and not added back; plus

 

(xi)       any
net loss included in Consolidated Net Income attributable to non-controlling interests pursuant to the application of Accounting
Standards Codification Topic 810-10-45; plus

 

(xii)       realized
foreign exchange losses resulting from the impact of foreign currency changes on the valuation of assets or liabilities on the
balance sheet of the Parent, the Borrower and the Restricted Subsidiaries; plus

 

(xiii)       net
realized losses from Swap Contracts or embedded derivatives that require similar accounting treatment and the application of Accounting
Standard Codification Topic 815 and related pronouncements; plus

 

(xiv)       in
an amount not to exceed $5,000,000 in the aggregate in any four fiscal quarter period, the amount of board, management, advisory,
consulting, refinancing subsequent transaction and exit fees (including termination fees) and related indemnities and expenses
paid or accrued in such period to any Permitted Holder (or, in the case of board fees, to any director) to the extent permitted
hereunder; plus

 

(xv)       the
amount of loss on sale of receivables and related assets in connection with a Permitted Receivables Financing; plus

 

(xvi)       the
amount of any charges, expenses, costs or other payments in respect of facilities no longer used or useful in the conduct of the
business of the Parent, the Borrower and the Restricted Subsidiaries; plus

 

(xvii)       charges,
expenses and costs associated with, or in anticipation of, or preparation for, compliance with the requirements of the Sarbanes-Oxley
Act of 2002 and the rules and regulations promulgated in connection therewith and charges, expenses and costs in anticipation
of, or preparation for, compliance with the provisions of the Securities Act of 1933, as amended, and the Securities Exchange
Act of 1934, as amended, as applicable to companies with equity or debt securities held by the public, the rules of national securities
exchange for companies with listed equity or debt securities, including directors’ or managers’ compensation, fees
and expense reimbursement, costs, expenses and charges relating to investor relations, shareholder meetings and reports to shareholders
or debtholders, directors’ and officers’ insurance and other executive costs, legal and other professional fees, and
listing fees (collectively, “Public Company Costs”); plus

 

(xviii)       in
an amount not to exceed $10,000,000 in the aggregate in any four fiscal quarter period, any (A) legal fees and expenses actually
incurred in connection with corporate actions and (B) costs and expenses related to settlement of such actions; plus

 

(xiv)       any
other adjustments or add-backs specified in (A) subject to the limitations set forth in clause (a)(viii) of the definition of
Consolidated EBITDA, the Quality or Earnings Reports delivered to the Lead Arrangers on October 30, 2017 and (B) the financial
model delivered to the Lead Arrangers on October 30, 2017;

 

    -16-

     

    

 

(b)       decreased
(without duplication) by the following:

 

(i)       non-cash
gains increasing Consolidated Net Income of such Person for such period (other than any such amounts in connection with the sale
of routes to independent operators), excluding any non-cash gains to the extent they represent the reversal of an accrual or cash
reserve for a potential cash item that reduced Consolidated EBITDA in any prior period and any non-cash gains with respect to
cash actually received in a prior period so long as such cash did not increase Consolidated EBITDA in such prior period; plus

 

(ii)       realized
foreign exchange income or gains resulting from the impact of foreign currency changes on the valuation of assets or liabilities
on the balance sheet of the Parent, the Borrower and the Restricted Subsidiaries; plus

 

(iii)       any
net realized income or gains from any obligations under any Swap Contracts or embedded derivatives that require similar accounting
treatment and the application of Accounting Standard Codification Topic 815 and related pronouncements; plus

 

(iv)       any
amount included in Consolidated Net Income of such Person for such period attributable to non-controlling interests pursuant to
the application of Accounting Standards Codification Topic 810-10-45;

 

(c)       increased
or decreased (without duplication) by, as applicable, any adjustments resulting from the application of Accounting Standards Codification
Topic 460 or any comparable regulation; and

 

(d)       increased
or decreased (to the extent not already included in determining Consolidated EBITDA) by any Pro Forma Adjustment.

 

There
shall be included in determining Consolidated EBITDA for any period, without duplication, (A) the Acquired EBITDA of any Person,
property, business or asset acquired by the Parent, the Borrower or any Restricted Subsidiary during such period (but not the
Acquired EBITDA of any related Person, property, business or assets to the extent not so acquired), to the extent not subsequently
sold, transferred or otherwise disposed of by the Parent, the Borrower or such Restricted Subsidiary during such period (each
such Person, property, business or asset acquired and not subsequently so disposed of, an “Acquired Entity or Business”),
and the Acquired EBITDA of any Unrestricted Subsidiary that is converted into a Restricted Subsidiary during such period (each,
a “Converted Restricted Subsidiary”), based on the actual Acquired EBITDA of such Acquired Entity or Business
or Converted Restricted Subsidiary for such period (including the portion thereof occurring prior to such acquisition) and (B)
an adjustment in respect of each Acquired Entity or Business equal to the amount of the Pro Forma Adjustment with respect to such
Acquired Entity or Business for such period (including the portion thereof occurring prior to such acquisition) as specified in
a certificate executed by a Responsible Officer and delivered to the Lenders and the Administrative Agent. For purposes of determining
the Consolidated EBITDA for any period, there shall be excluded in determining Consolidated EBITDA for any period the Disposed
EBITDA of any Person, property, business or asset (other than an Unrestricted Subsidiary) sold, transferred or otherwise disposed
of, closed or classified as discontinued operations by the Parent, the Borrower or any Restricted Subsidiary during such period
(each such Person, property, business or asset so sold or disposed of, a “Sold Entity or Business”) and the
Disposed EBITDA of any Restricted Subsidiary that is converted into an Unrestricted Subsidiary during such period (each, a “Converted
Unrestricted Subsidiary”), based on the actual Disposed EBITDA of such Sold Entity or Business or Converted Unrestricted
Subsidiary for such period (including the portion thereof occurring prior to such sale, transfer or disposition). Notwithstanding
the foregoing, but subject to any adjustment set forth above with respect to any transactions occurring after the Closing Date,
Consolidated EBITDA shall be $40.5 million, $46.6 million, $55.6 million and $56.9 million for the fiscal quarters ended December
2019, March 2020, June 2020 and September 2020, respectively.

 

    -17-

     

    

 

“Consolidated
Interest Expense” means, with respect to any Person for any period (and with respect to the Parent, the Borrower
and Restricted Subsidiaries, such Persons on a Consolidated basis), without duplication, the sum of:

 

(1)       consolidated
interest expense of such Person for such period, to the extent such expense was deducted (and not added back) in computing Consolidated
Net Income (including (a) amortization of original issue discount or premium resulting from the issuance of Indebtedness
at less than par, (b) all commissions, discounts and other fees and charges owed with respect to letters of credit or bankers
acceptances, (c) non-cash interest payments, (d) the interest component of Capitalized Lease Obligations and (e) net
payments, if any, pursuant to interest rate obligations under any Swap Contracts with respect to Indebtedness); plus

 

(2)       consolidated
capitalized interest of such Person for such period, whether paid or accrued; less

 

(3)       interest
income for such period.

 

For purposes of this
definition, interest on a Capitalized Lease Obligation shall be deemed to accrue at an interest rate reasonably determined by
such Person to be the rate of interest implicit in such Capitalized Lease Obligation in accordance with GAAP.

 

“Consolidated
Net Income” means, with respect to any Person for any period, the net income (loss) of such Person for such period determined
on a consolidated basis in accordance with GAAP (and with respect to the Parent, the Borrower and Restricted Subsidiaries,
such Persons on a Consolidated basis); provided, however, that there will not be included in such Consolidated Net
Income:

 

(1)       any
net income (loss) of any Person if such Person is not a Restricted Subsidiary, except that the Parent’s equity in the net
income of any such Person for such period will be included in such Consolidated Net Income up to the aggregate amount of cash
or Cash Equivalents actually distributed (or, so long as such Person is not (x) a JV Entity with outstanding third party indebtedness
for borrowed money or (y) an Unrestricted Subsidiary, that (as reasonably determined by a Responsible Officer of the Borrower)
could have been distributed by such Person during such period to the Parent, the Borrower or a Restricted Subsidiary) as a dividend
or other distribution or return on investment, subject, in the case of a dividend or other distribution or return on investment
to a Restricted Subsidiary, to the limitations contained in clause (2) below;

 

(2)       solely
for the purpose of determining the Available Amount, any net income (loss) of any Restricted Subsidiary (other than any Guarantor)
if such Subsidiary is subject to restrictions, directly or indirectly, on the payment of dividends or the making of distributions
by such Restricted Subsidiary, directly or indirectly, to a Borrower or a Guarantor by operation of the terms of such Restricted
Subsidiary’s charter or any agreement, instrument, judgment, decree, order, statute or governmental rule or regulation applicable
to such Restricted Subsidiary or its shareholders (other than (a) restrictions that have been waived or otherwise released
and (b) restrictions pursuant to the Loan Documents, the First Lien Facility or the ABL Facility), except that the Parent’s
equity in the net income of any such Restricted Subsidiary for such period will be included in such Consolidated Net Income up
to the aggregate amount of cash or Cash Equivalents actually distributed or that could have been distributed by such Restricted
Subsidiary during such period to the Parent, the Borrower or another Restricted Subsidiary as a dividend or other distribution
(subject, in the case of a dividend to another Restricted Subsidiary, to the limitation contained above in this clause);

 

    -18-

     

    

 

(3)       any
net gain (or loss) from disposed, abandoned or discontinued operations and any net gain (or loss) on disposal of disposed, discontinued
or abandoned operations;

 

(4)       any
net gain (or loss) realized upon the sale or other disposition of any asset or disposed operations of the Parent, the Borrower
or any Restricted Subsidiary (including pursuant to any sale/leaseback transaction) which is not sold or otherwise disposed of
in the ordinary course of business (as determined in good faith by a Responsible Officer or the board of directors of the Borrower),
including the gain on the sale of routes to independent operators;

 

(5)       any
extraordinary, exceptional, unusual or nonrecurring gain, loss, charge or expense (including relating to the Transaction Expenses),
or any charges, expenses or reserves in respect of any restructuring, relocation, redundancy or severance expense, new product
introductions or one-time compensation charges;

 

(6)       the
cumulative effect of a change in accounting principles;

 

(7)       any
(i) non-cash compensation charge or expense arising from any grant of stock, stock options or other equity based awards (including
any long-term management equity incentive plans) and any non-cash deemed finance charges in respect of any pension liabilities
or other provisions and (ii) income (loss) attributable to deferred compensation plans or trusts;

 

(8)       all
deferred financing costs written off and premiums paid or other expenses incurred directly in connection with any early extinguishment
of Indebtedness and any net gain (loss) from any write-off or forgiveness of Indebtedness;

 

(9)       any
unrealized gains or losses in respect of any obligations under any Swap Contracts or any ineffectiveness recognized in earnings
related to hedge transactions or the fair value of changes therein recognized in earnings for derivatives that do not qualify
as hedge transactions, in each case, in respect of any obligations under any Swap Contracts;

 

(10)       any
unrealized foreign currency translation gains or losses in respect of Indebtedness of any Person denominated in a currency other
than the functional currency of such Person and any unrealized foreign exchange gains or losses relating to translation of assets
and liabilities denominated in foreign currencies;

 

(11)       any
unrealized foreign currency translation or transaction gains or losses in respect of Indebtedness or other obligations of the
Parent, the Borrower or any Restricted Subsidiary owing to the Parent, the Borrower or any Restricted Subsidiary;

 

(12)       any
purchase accounting effects including, but not limited to, adjustments to inventory, property and equipment, software and other
intangible assets and deferred revenue in component amounts required or permitted by GAAP and related authoritative pronouncements
(including the effects of such adjustments pushed down to the Parent, the Borrower and the Restricted Subsidiaries), as a result
of any consummated acquisition (including the Acquisition), or the amortization or write-off of any amounts thereof (including
any write-off of in process research and development);

 

    -19-

     

    

 

(13)       any
impairment charge, write-down or write-off, including impairment charges, write-downs or write-offs relating to goodwill, intangible
assets, long-lived assets, investments in debt and equity securities or as a result of a Change in Law or regulation;

 

(14)       any
after-tax effect of income (loss) from the early extinguishment or cancellation of Indebtedness or any obligations under any Swap
Contracts or other derivative instruments;

 

(15)       accruals
and reserves that are established within twelve months after the Closing Date that are so required to be established as a result
of the Transaction in accordance with GAAP;

 

(16)       any
net unrealized gains and losses resulting from Swap Contracts or embedded derivatives that require similar accounting treatment
and the application of Accounting Standards Codification Topic 815 and related pronouncements; and

 

(17)       any
deferred tax expense associated with tax deductions or net operating losses arising as a result of the Transactions, or the release
of any valuation allowance related to such item.

 

In
addition, to the extent not already excluded from the Consolidated Net Income of such Person, notwithstanding anything to the
contrary in the foregoing, Consolidated Net Income shall exclude (i) any expenses and charges that are reimbursed by indemnification
or other reimbursement provisions in connection with any investment (including the Acquisition) or any sale, conveyance,
transfer or other disposition of assets permitted hereunder (it being understood and agreed that if such Person has notified a
third party of such amount to be reimbursed or indemnified and such third party has not denied its reimbursement or indemnification
obligation, such amounts shall also be excluded) and (ii) to the extent covered by insurance and actually reimbursed, or, so long
as the Borrower has made a determination that there exists reasonable evidence that such amount will in fact be reimbursed by
the insurer and only to the extent that such amount is (A) not denied by the applicable carrier in writing within 180 days and
(B) in fact reimbursed within 365 days of the date of such evidence (with a deduction for any amount so added back to the extent
not so reimbursed within such 365 days), expenses with respect to liability or casualty events or business interruption.

 

“Consolidated
Total Debt” means, as of any date of determination, (a) the aggregate principal amount of Indebtedness of the Parent,
the Borrower and the Restricted Subsidiaries outstanding on such date, determined on a consolidated basis in accordance
with GAAP (but excluding the effects of any discounting of Indebtedness resulting from the application of purchase accounting
in connection with the Transaction or any Permitted Acquisition), consisting of Indebtedness for borrowed money, Disqualified
Equity Interests, Capitalized Lease Obligations and debt obligations evidenced by bonds, debentures, notes, loan agreements or
other similar instruments minus (b) the aggregate amount of unrestricted cash and Cash Equivalents (in each case, free
and clear of all Liens other than any nonconsensual Lien that is permitted under the Loan Documents, Liens of the Collateral Agent,
Liens in favor of the ABL Administrative Agent under the ABL Loan Documents, Liens in favor of the Administrative Agent (as defined
in the First Lien Credit Agreement) under the First Lien Loan Documents and Liens that are subordinated to or pari passu
with the Liens of the Collateral Agent pursuant to the Applicable Intercreditor Agreement) included in the Consolidated balance
sheet of the Parent, the Borrower and the Restricted Subsidiaries as of such date, which aggregate amount of cash and Cash Equivalents
shall be determined without giving pro forma effect to the proceeds of Indebtedness incurred on such date; provided that
Consolidated Total Debt shall not include (x) obligations under Swap Contracts entered into in the ordinary course of business
and not for speculative purposes, (y) guarantees of indebtedness of independent operators in an amount of up to $5.0 million and
(z) Indebtedness in respect of any Permitted Non-Recourse Factoring.

 

    -20-

     

    

 

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

 

“Contribution
Indebtedness” means unsecured Indebtedness of the Parent, the Borrower or any Restricted Subsidiary in an amount equal
to the aggregate amount of cash contributions made after the Closing Date to the Parent in exchange for Qualified Equity Interests
of the Parent, except to the extent utilized in connection with any other transaction permitted by Section 7.02,
Section 7.06 or Section 7.08, and except to the extent such amount increases the Available Amount or is made from
Cure Amounts or the Excluded Contribution Amount.

 

“Control”
has the meaning specified in the definition of “Affiliate.”

 

“Converted
Restricted Subsidiary” has the meaning specified in the definition of “Consolidated EBITDA.”

 

“Converted
Unrestricted Subsidiary” has the meaning specified in the definition of “Consolidated EBITDA.”

 

“Covered Party”
has the meaning specified in Section 10.27(a).

 

“Credit Extension”
means a Borrowing.

 

“Cure Amount”
has the meaning specified in the ABL Credit Agreement.

 

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

 

“Declined
Proceeds” has the meaning specified in Section 2.05(b)(vi).

 

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

 

“Default Rate”
means an interest rate equal to (a) with respect to any overdue principal for any Loan, the applicable interest rate for
such Loan plus 2.00% per annum (provided that with respect to Eurocurrency Rate Loans, the determination of the applicable
interest rate is subject to Section 2.02(c) to the extent that Eurocurrency Rate Loans may not be converted to, or continued
as, Eurocurrency Rate Loans, pursuant thereto) and (b) with respect to any other overdue amount, including overdue interest, the
interest rate applicable to Base Rate Loans plus 2.00% per annum, in each case, to the fullest extent permitted by applicable
Laws.

 

    -21-

     

    

 

“Defaulting
Lender” means any Lender that (a) has failed or refused (in writing), within two (2) Business Days of the date required
to be funded or paid, to (i) fund any portion of its Loans required to be funded by it or (ii) pay over to the Administrative
Agent or any other Lender any other amount required to be paid by it hereunder, unless, in the case of clause (i) above,
such Lender notifies the Administrative Agent in writing that such failure is the result of such Lender’s good faith determination
that a condition precedent to funding (specifically identified and including the particular default, if any) has not been satisfied,
(b) has notified the Borrower or the Administrative Agent or any other Lender in writing that it does not intend or expect to
comply with any of its funding obligations under this Agreement (unless such writing indicates that such position is based on
such Lender’s good faith determination that a condition precedent (specifically identified and including the particular
default, if any) to funding a Loan cannot be satisfied), (c) has failed, within three (3) Business Days after request by the Administrative
Agent or any other Lender, acting in good faith, to provide a certification in writing from an authorized officer of such Lender
that it will comply with its obligations to fund prospective Loans, provided that such Lender shall cease to be a Defaulting
Lender pursuant to this clause (c) upon such Administrative Agent’s or Lender’s receipt of such certification
in form and substance satisfactory to it and the Administrative Agent, (d) has become the subject of a Bankruptcy Event, or (e)
has become the subject of a Bail-In Action. Any determination by the Administrative Agent that a Lender is a Defaulting Lender
under any one or more of clauses (a) through (e) above, and of the effective date of such status, shall be conclusive
and binding absent manifest error, and such Lender shall be deemed to be a Defaulting Lender (subject to the last paragraph of
Section 2.16) as of the date established therefor by the Administrative Agent in a written notice of such determination,
which shall be delivered by the Administrative Agent to the Borrower and each other Lender promptly following such determination.

 

“Description
of Exchange Notes” means Annex I to Exhibit B of the Commitment Letter.

 

“Designated
Non-Cash Consideration” means the fair market value of non-cash consideration received by the Parent, the Borrower or
any Restricted Subsidiary in connection with a Disposition pursuant to Section 7.05(m) that is designated as Designated
Non-Cash Consideration pursuant to a certificate of a Responsible Officer of the Borrower setting forth the basis of such valuation.

 

“Disposed EBITDA”
means, with respect to any Sold Entity or Business or any Converted Unrestricted Subsidiary for any period, the amount for such
period of Consolidated EBITDA of such Sold Entity or Business or such Converted Unrestricted Subsidiary, all as determined on
a consolidated basis for such Sold Entity or Business or such Converted Unrestricted Subsidiary.

 

“Disposition”
or “Dispose” means the sale, transfer, license, lease or other disposition (including any Sale Leaseback and
any sale of Equity Interests) of any property by any Person (in one transaction or in a series of transaction and whether effected
pursuant to a Division or otherwise), including any sale, assignment, transfer or other disposal, with or without recourse, of
any notes or accounts receivable or any rights and claims associated therewith; provided that (i) “Disposition”
and “Dispose” shall not be deemed to include any issuance by the Parent, any Intermediate Holding Company or the Borrower
of any of its Equity Interests to another Person and (ii) no transaction or series of related transactions shall be considered
a “Disposition” for purpose of Section 2.05(b)(ii) or Section 7.05 unless the fair market value (as
determined in good faith by the Borrower) of the property disposed of in such transaction or series of transactions shall exceed
$10,000,000.

 

“Disqualified
Equity Interests” means any Equity Interest which, by its terms (or by the terms of any security or other Equity Interests
into which it is convertible or for which it is exchangeable), or upon the happening of any event or condition (a) matures or
is mandatorily redeemable (other than solely for Qualified Equity Interests), pursuant to a sinking fund obligation or otherwise
(except as a result of an initial public offering, change of control or asset sale so long as any rights of the holders thereof
upon the occurrence of an initial public offering, change of control or asset sale event shall be subject to the prior repayment
in full of the Loans and all other Obligations that are accrued and payable and the termination of all Bridge Commitments), (b)
is redeemable at the option of the holder thereof (other than solely for Qualified Equity Interests), in whole or in part, (c)
provides for the scheduled payments of dividends in cash, or (d) is or becomes convertible into or exchangeable for Indebtedness
or any other Equity Interests that would constitute Disqualified Equity Interests, in each case, prior to the date that is ninety-one
(91) days after the Final Maturity Date at the time such Equity Interests are issued.

 

    -22-

     

    

 

“Disqualified
Lenders” means (i) such Persons that have been specified in writing to the Lead Arrangers by the Borrower on
or prior to December 3, 2020, (ii) competitors of the Parent, the Borrower, the Target and the other Subsidiaries that have been
specified in writing to the Administrative Agent from time to time by the Borrower and (iii) any of their Affiliates (other than
in the case of clause (ii), Affiliates that are bona fide debt funds) that are (x) identified in writing from time to time to
the Administrative Agent by the Borrower or (y) clearly identifiable on the basis of such Affiliates’ name; provided
that no such updates to the list shall be deemed to retroactively disqualify any parties that have previously acquired an
assignment or participation interest in respect of the Loans from continuing to hold or vote such previously acquired assignments
and participations on the terms set forth herein for Lenders that are not Disqualified Lenders (it being understood and agreed
that such prohibitions with respect to Disqualified Lenders shall apply to any potential future assignments or participations
to any such parties). The schedule of Disqualified Lenders shall be maintained with the Administrative Agent and may be communicated
to a Lender upon request to the Administrative Agent (with concurrent notice to the Borrower) but shall not otherwise be posted
or made available to Lenders.

 

“Distribution
Asset Transferee” means the Person or Persons holding the assets disposed of pursuant to any Permitted Distribution
Business Disposition.

 

“Dividing Person”
has the meaning assigned to it in the definition of “Division.”

 

“Division”
means the division of the assets, liabilities and/or obligations of a Person (the “Dividing Person”) among two or
more Persons (whether pursuant to a “plan of division” or similar arrangement), which may or may not include the Dividing
Person and pursuant to which the Dividing Person may or may not survive.

 

“Dollar”
and “$” mean lawful money of the United States.

 

“Domestic Subsidiary”
means any Subsidiary that is organized under the laws of the United States, any state thereof or the District of Columbia, other
than a Foreign Holding Company.

 

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

 

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

 

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

 

“Eligible
Assignee” means any Assignee permitted by and consented to in accordance with Section 10.07(b).

 

    -23-

     

    

 

“EMU Legislation”
means the legislative measures of the European Council for the introduction of, changeover to or operation of a single or unified
European currency.

 

“Environment”
means ambient air, indoor or outdoor air, surface water, groundwater, drinking water, soil, surface and subsurface strata, and
natural resources such as wetlands, flora and fauna.

 

“Environmental
Laws” means any and all applicable Laws relating to pollution, protection of the Environment or to the generation, transport,
storage, use, treatment, handling, disposal, Release or threat of Release of any Hazardous Materials or, to the extent relating
to exposure to Hazardous Materials, human health or safety.

 

“Environmental
Liability” means any liability, contingent or otherwise (including any liability for damages, costs of environmental
remediation, fines, penalties or indemnities) of any Loan Party or any of its respective Subsidiaries directly or indirectly resulting
from or based upon (a) any Environmental Law, (b) the generation, use, handling, transportation, storage, disposal or treatment
of any Hazardous Materials, (c) exposure of any Person to any Hazardous Materials, (d) the Release or threatened Release of any
Hazardous Materials or (e) any contract, agreement or other consensual arrangement to the extent liability is assumed or imposed
with respect to any of the foregoing.

 

“Equity Interests”
means, with respect to any Person, all of the shares, interests, rights, participations or other equivalents (however designated)
of capital stock of (or other ownership or profit interests or units in) such Person and all of the warrants, options or other
rights for the purchase, acquisition or exchange from such Person of any of the foregoing (including through convertible securities).

 

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

 

“ERISA Affiliate”
means any trade or business (whether or not incorporated) that is under common control with any Loan Party and is treated as a
single employer within the meaning of Section 414 of the Code or Section 4001 of ERISA.

 

“ERISA Event”
means (a) a Reportable Event with respect to a Pension Plan; (b) a withdrawal by any Loan Party or any ERISA Affiliate from a
Pension Plan subject to Section 4063 of ERISA during a plan year in which it was a substantial employer (as defined in Section
4001(a)(2) of ERISA) or a cessation of operations that is treated as such a withdrawal under Section 4062(e) of ERISA; (c) a failure
to satisfy the minimum funding standard under Section 412 of the Code or Section 302 of ERISA with respect to a Pension Plan,
whether or not waived, or a failure to make any required contribution to a Multiemployer Plan; (d) a complete or partial withdrawal
by any Loan Party or any ERISA Affiliate from a Multiemployer Plan, notification of any Loan Party or ERISA Affiliate concerning
the imposition of Withdrawal Liability or notification that a Multiemployer Plan is insolvent within the meaning of Title IV of
ERISA or in endangered status or critical status, within the meaning of Section 305 of ERISA; (e) the filing of a notice of intent
to terminate, the treatment of a Pension Plan or Multiemployer Plan amendment as a termination under Section 4041 or 4041A of
ERISA, or the commencement of proceedings by the PBGC to terminate a Pension Plan or Multiemployer Plan; (f) an event or condition
which constitutes grounds under Section 4042 of ERISA for the termination of, or the appointment of a trustee to administer, any
Pension Plan or Multiemployer Plan; (g) the imposition of any liability under Title IV of ERISA, other than for PBGC premiums
due but not delinquent under Section 4007 of ERISA, upon any Loan Party or any ERISA Affiliate; (h) a determination that any Pension
Plan is, or is expected to be, in “at-risk” status (within the meaning of Section 303(i)(4)(A) of ERISA or Section
430(i)(4)(A) of the Code); or (i) the occurrence of a non-exempt prohibited transaction with respect to any Pension Plan maintained
or contributed to by any Loan Party (within the meaning of Section 4975 of the Code or Section 406 of ERISA) which could
result in liability to any Loan Party.

 

    -24-

     

    

 

“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.

 

“Euro”,
 “EUR” and “€” mean the lawful currency of the Participating Member States introduced
in accordance with the EMU Legislation.

 

“Eurocurrency
Rate” means:

 

(A)        Subject
to Section 1.10, for any Credit Extension, for any Interest Period with respect to any Eurocurrency Rate Loan denominated in Dollars,
the rate per annum equal to the London Interbank Offered Rate (“LIBOR”) or a comparable or successor rate which
rate is approved by the Administrative Agent, as published on the applicable Bloomberg screen page (or such other commercially
available source providing such quotations as may be designated by the Administrative Agent from time to time) at approximately
11:00 a.m., London time, on the relevant Quotation Date, for deposits in the relevant currency (for delivery on the first day
of such Interest Period) with a term equivalent to such Interest Period; and

 

(B)       for
any calculation of the Base Rate on any date by reference to the Eurocurrency Rate, the rate per annum equal to LIBOR, at or about
11:00 a.m., London time determined two Business Days prior to such date for U.S. Dollar deposits with a term of one month commencing
that day.

 

Notwithstanding any
provision to the contrary in this Agreement, the applicable Eurocurrency Rate in respect of any Loans shall at no time be less
than 0.00% per annum.

 

“Eurocurrency
Rate Loan” means a Bridge Loan that bears interest at a rate based on the Eurocurrency Rate.

 

“Event
of Default” has the meaning specified in Section 8.01.

 

“Exchange Act”
means the Securities Exchange Act of 1934.

 

“Exchange Notes”
means the securities issued under the Exchange Notes Indenture.

 

“Exchange Notes
Indenture” means the indenture to be entered into among the Borrower, as issuer, the guarantors listed therein and the
Exchange Notes Trustee, relating to the Exchange Notes, having terms and conditions substantially as set forth in the Description
of Exchange Notes and otherwise reasonably satisfactory to the Lead Arrangers, as the same may be amended, modified or supplemented.

 

“Exchange Notes
Trustee” means the trustee under the Exchange Notes Indenture.

 

“Excluded
Contribution Amount” means the aggregate amount of cash or Cash Equivalents received by the Parent (other than
from any of the Restricted Subsidiaries or the Borrower) after the Closing Date from capital contributions, minus the aggregate
amount of (i) any Investments made pursuant to Section 7.02(n)(ii) (net of any return of capital in respect of such Investment
or deemed reduction in the amount of such Investment), (ii) any Restricted Payment made pursuant to Section 7.06(k)(ii) and (iii)
any payments made pursuant to Section 7.08(a)(iii)(C), in each case made during the period commencing on the Closing Date through
and including the date of usage of such Excluded Contribution Amount in reliance thereon (without taking account of the intended
usage of the Excluded Contribution Amount as of such date), designated as an Excluded Contribution Amount pursuant to a certificate
of a Responsible Officer on or promptly after the date on which the relevant capital contribution is made or the relevant proceeds
are received, as the case may be, and which are excluded from the calculation of the Available Amount.

 

    -25-

     

    

 

“Excluded
Equity” means Equity Interests (i) of any Unrestricted Subsidiary, (ii) of any Subsidiary acquired pursuant to a Permitted
Acquisition financed with Indebtedness permitted pursuant to Section 7.03(v) if such Equity Interests are pledged
and/or mortgaged as security for such Indebtedness and if and for so long as the terms of such Indebtedness prohibit the creation
of any other Lien on such Equity Interests (and which prohibition was not created in contemplation of such Permitted Acquisition),
(iii) of any Foreign Subsidiary (in each case other than any Guarantor designated as such pursuant to the definition of “Guarantor”),
in each case of the Parent or a Domestic Subsidiary of the Parent and not otherwise constituting Excluded Equity, in excess of
65% of the issued and outstanding Equity Interests of each such Foreign Subsidiary (and of any subsidiary of such Foreign Subsidiary),
(iv) of any Subsidiary with respect to which the Administrative Agent and the Borrower have determined in their reasonable judgment
and agreed in writing that the costs of providing a pledge of such Equity Interests or perfection thereof is excessive in view
of the benefits to be obtained by the Secured Parties therefrom, (v) of any captive insurance companies, not-for-profit Subsidiaries,
special purpose entities (including any entity used to effect a Permitted Receivables Financing), (vi) of any non-Wholly Owned
Restricted Subsidiary; and (vii) of any Subsidiary outside the United States (other than any Guarantor designated as such
pursuant to the definition of “Guarantor”) the pledge of which is prohibited by applicable Laws or which would reasonably
be expected to result in a violation or breach of, or conflict with, fiduciary duties of such Subsidiary’s officers, directors
or managers.

 

“Excluded
Property” means (i) any fee-owned real property and any leasehold interests in real property (it being understood that
no action shall be required with respect to creation or perfection of security interests with respect to such leases, including
to obtain landlord waivers, estoppels or collateral access letters), (ii) (A) motor vehicles and other assets subject to certificates
of title to the extent a Lien thereon cannot be perfected by the filing of a UCC financing statement, (B) letter of credit rights
to the extent a Lien thereon cannot be perfected by the filing of a UCC financing statement and (C) commercial tort claims, (iii)
assets for so long as a pledge thereof or a security interest therein is prohibited by applicable Laws, (iv) margin stock, (v)
any cash, deposit accounts and securities accounts (including securities entitlements and related assets) (it being understood
that this exclusion shall not affect the grant of the Lien on proceeds of Collateral and all proceeds of Collateral shall be Collateral),
unless the foregoing constitutes ABL Priority Collateral in which case the foregoing shall not constitute Excluded Property until
such time that it no longer constitutes ABL Priority Collateral, (vi) any lease, license or other agreements, or any property
subject to a purchase money security interest, Capitalized Lease Obligation or similar arrangements, in each case to the extent
permitted under the Loan Documents, to the extent that a pledge thereof or a security interest therein would violate or invalidate
such lease, license or agreement, purchase money, Capitalized Lease or similar arrangement, or create a right of termination in
favor of any other party thereto (other than the Borrower or a Guarantor) after giving effect to the applicable anti-assignment
clauses of the Uniform Commercial Code and applicable Laws, other than the proceeds and receivables thereof the assignment of
which is expressly deemed effective under applicable Laws notwithstanding such prohibition, (vii) assets for which a pledge thereof
or a security interest therein would result in a material adverse tax consequence as reasonably determined by the Borrower (in
consultation with (but without the consent of) the Administrative Agent) (provided that nothing in this clause (vii) shall
limit the pledge of assets by any Foreign Subsidiary that is designated a Guarantor pursuant to the definition of “Guarantor”
without the Administrative Agent’s consent), (viii) assets for which the Administrative Agent and the Borrower have determined
in their reasonable judgment and agree in writing that the cost of creating or perfecting such pledges or security interests therein
would be excessive in view of the benefits to be obtained by the Lenders therefrom, (ix) any intent-to-use trademark application
in the United States prior to the filing of a “Statement of Use” or “Amendment to Allege Use” with respect
thereto, to the extent, if any, that, and solely during the period, if any, in which, the grant, attachment, or enforcement of
a security interest therein would impair the validity or enforceability of such intent-to-use trademark application under applicable
Federal law and (x) Excluded Equity.

 

    -26-

     

    

 

“Excluded
Subsidiary” means (a) each Subsidiary listed on Schedule 1.01C hereto, (b) any Subsidiary
that is prohibited by applicable Law or by any contractual obligation existing on the Closing Date (or, if later, the date such
Subsidiary first becomes a Subsidiary) from guaranteeing the Obligations (and in the case of such contractual obligation, not
entered into in contemplation of the acquisition of such Subsidiary) or which would require governmental (including regulatory)
consent, approval, license or authorization to provide a Guarantee unless such consent, approval, license or authorization has
been received, (c) any Restricted Subsidiary acquired pursuant to a Permitted Acquisition that, at the time of such Permitted
Acquisition, has assumed secured Indebtedness not incurred in contemplation of such Permitted Acquisition and each Restricted
Subsidiary that is a Subsidiary thereof that guarantees such Indebtedness to the extent such secured Indebtedness prohibits such
Subsidiary from becoming a Guarantor (provided that each such Restricted Subsidiary shall cease to be an Excluded Subsidiary
under this clause (c) if such secured Indebtedness is repaid or becomes unsecured, if such Restricted Subsidiary ceases
to be an obligor with respect to such secured Indebtedness or such prohibition no longer exists, as applicable), (d) any Immaterial
Subsidiary or Unrestricted Subsidiary, (e) captive insurance companies, (f) not-for-profit Subsidiaries, (g) special purpose
entities, (h) any non-Wholly Owned Subsidiary, (i) any Foreign Subsidiary, (j) any Subsidiary of a Foreign Subsidiary and (k)
any other Subsidiary with respect to which, in the reasonable judgment of the Administrative Agent (confirmed in writing by notice
to the Borrower), the cost or other consequences (including any adverse tax consequences) of providing a Guarantee shall be excessive
in view of the benefits to be obtained by the Lenders therefrom; in each case of this definition, unless such Subsidiary is designated
by the Borrower as a Guarantor pursuant to the definition of “Guarantors”.

 

“Excluded
Taxes” means, with respect to any Recipient of any payment to be made by or on account of any obligation of the Borrower
hereunder, (a) Taxes imposed on or measured by net income (however denominated), franchise Taxes, and branch profits Taxes, in
each case, (i) imposed by the jurisdiction under the laws of which such Recipient is organized or in which its principal office
is located or, in the case of any Lender, in which its applicable lending office is located or (ii) that are Other Connection
Taxes, (b) any branch profit Tax or any similar Tax that is imposed by any jurisdiction described in clause (a) above, (c) in
the case of a Lender (other than an assignee pursuant to a request by the Borrower), any United States federal withholding Tax
that is in effect and would apply to amounts payable hereunder to such Lender at the time such Lender becomes a party to this
Agreement (or designates a new lending office), except to the extent that such Lender (or its assignor, if any) was entitled,
at the time of designation of a new lending office (or assignment), to receive additional amounts from the Borrower with respect
to any United States federal withholding Tax pursuant to Section 3.01, (d) Taxes attributable to such Recipient’s
failure to comply with Section 3.01(f) and (e) any United States federal withholding Tax imposed pursuant to FATCA.

 

“Extended Term
Loans” has the meaning specified in Section 2.01(b).

 

“Extended Term
Loan Note” means a promissory note of the Borrower payable to any Lender or its registered assigns, in substantially
the form of Exhibit C-2 hereto with appropriate insertions, evidencing the aggregate Indebtedness of the Borrower to such
Lender resulting from any Extended Term Loans made by such Lender.

 

“Extension
Date” means the date that is 365 days after the Closing Date; provided that if such date is not a Business Day,
then the Extension Date shall be the immediately preceding Business Day.

 

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“FATCA”
means current Sections 1471 through 1474 of the Code (and any amended or successor version that is substantively comparable) or
any current or future Treasury regulations with respect thereto or other official administrative interpretations thereof, any
agreements entered into pursuant to current Section 1471(b)(1) of the Code (or any amended or successor version described above)
and any intergovernmental agreements entered into to implement or further the collection of Taxes imposed pursuant to the foregoing
(together with any Law implementing such agreements).

 

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

 

“Federal Funds
Rate” means, for any day, the rate per annum equal to the weighted average of the rates on overnight federal funds transactions
with members of the Federal Reserve System, as published by the Federal Reserve Bank of New York on the Business Day next succeeding
such day; provided that (a) if such day is not a Business Day, the Federal Funds Rate for such day shall be such rate on
such transactions on the next preceding Business Day as so published on the next succeeding Business Day, and (b) if no such rate
is so published on such next succeeding Business Day, the Federal Funds Rate for such day shall be the average rate (rounded upward,
if necessary, to a whole multiple of 1/100 of 1%) charged to Bank of America on such day on such transactions determined by the
Administrative Agent. If the Federal Funds Rate is less than zero, it shall be deemed to be zero hereunder.

 

“Fee Letter”
means the Amended and Restated Fee Letter dated November 30, 2020, by and among the Borrower, Bank of America, N.A., BofA Securities,
Inc., Goldman Sachs Bank USA, Credit Suisse AG, Cayman Islands Branch and Credit Suisse Loan Funding LLC and as otherwise amended,
supplemented or modified from time to time.

 

“Final Maturity
Date” means the date that is five years after the Closing Date; provided that if any such day is not a Business
Day, the Final Maturity Date shall be the Business Day immediately preceding such day.

 

“First Lien
Credit Agreement” means First Lien Term Loan Credit Agreement dated as of November 21, 2017, among the Parent, the Borrower,
Bank of America, N.A., as administrative agent, and the several banks and other financial institutions from time to time party
thereto, as such agreement may be amended, supplemented, waived or otherwise modified from time to time to the extent permitted
hereunder and any Permitted Refinancing thereof (unless such agreement, instrument or document expressly provides that it is not
intended to be and is not the First Lien Credit Agreement), in each case to the extent permitted hereunder.

 

“First Lien
Facility” means the collective reference to the First Lien Credit Agreement, any Loan Documents (as defined therein),
any notes and any guarantee, security agreement, patent, trademark or copyright security agreements, mortgages, letter of credit
applications and other guarantees, pledge agreements, security agreements and collateral documents, and other instruments and
documents, executed and delivered pursuant to or in connection with any of the foregoing, in each case as the same may be amended,
supplemented, waived or otherwise modified from time to time to the extent permitted hereunder and any Permitted Refinancing thereof
(unless such agreement, instrument or document expressly provides that it is not intended to be and is not the First Lien Facility),
in each case to the extent permitted hereunder.

 

“First Lien
Loan Documents” means, collectively, (i) the First Lien Credit Agreement and (ii) the security documents, intercreditor
agreements (including the Pari Passu Intercreditor Agreement), guarantees, joinders and other agreements or instruments executed
in connection with the First Lien Facility or such other agreements, in each case, as amended, modified, supplemented, substituted,
replaced, restated or refinanced, in whole or in part, from time to time including in connection with a Permitted Refinancing
of the First Lien Facility.

 

    -28-

     

    

 

“First Lien
Obligations” means the “Obligations” as defined in the First Lien Credit Agreement.

 

“First Lien
Senior Secured Leverage Ratio” means, with respect to any Test Period, the ratio of (a) Consolidated Total Debt secured
by the Collateral on a pari passu basis with the Loans (including the First Lien Obligations), plus, the principal amount
of ABL Obligations, as of the last day of such Test Period to (b) Consolidated EBITDA of the Parent, the Borrower and the Restricted
Subsidiaries for such Test Period.

 

“Fixed
Amounts” has the meaning specified in Section 1.09(b).

 

“Foreign Holding
Company” means any Subsidiary that owns no material assets (directly or through one or more disregarded entities) other
than capital stock or Indebtedness of one or more “controlled foreign corporations” (within the meaning of the Code)
and/or Foreign Holding Companies and cash or Cash Equivalents.

 

“Foreign
Plan” means any employee benefit plan, program, policy, arrangement or agreement maintained or contributed to or by,
or entered into with, the Parent, the Borrower or any Restricted Subsidiary with respect to employees outside the United
States.

 

“Foreign Subsidiary”
means any direct or indirect Subsidiary of the Parent which is not a Domestic Subsidiary.

 

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

 

“Fund”
means any Person (other than a natural person) that is engaged in making, purchasing, holding or otherwise investing in commercial
loans and similar extensions of credit in the ordinary course of its activities.

 

“GAAP”
means generally accepted accounting principles in the United States, as in effect from time to time; provided that (A)
if the Borrower notifies the Administrative Agent that the Borrower requests an amendment to any provision hereof to eliminate
the effect of any change occurring after the Closing Date in GAAP or in the application thereof on the operation of such provision
(or if the Administrative Agent notifies the Borrower that the Required Lenders request an amendment to any provision hereof for
such purpose), regardless of whether any such notice is given before or after such change in GAAP or in the application thereof,
then such provision shall be interpreted on the basis of GAAP as in effect and applied immediately before such change shall have
become effective until such notice shall have been withdrawn or such provision amended in accordance herewith, (B) at any
time after the Closing Date, the Borrower may elect, upon notice to the Administrative Agent, to apply IFRS accounting principles
in lieu of GAAP and, upon any such election, references herein to GAAP shall thereafter be construed to mean IFRS (except as otherwise
provided herein), including as to the ability of the Borrower or the Required Lenders to make an election pursuant to clause
(A) of this proviso, (C) any election made pursuant to clause (B) of this proviso, once made, shall be irrevocable,
(D) any calculation or determination in this Agreement that requires the application of GAAP for periods that include fiscal quarters
ended prior to the Borrower’s election to apply IFRS shall remain as previously calculated or determined in accordance with
GAAP and (E) the Borrower may only make an election pursuant to clause (B) of this proviso if it also elects to report
any subsequent financial reports required to be made by the Borrower, including pursuant to Sections 6.01(a) and (b),
in IFRS.

 

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“GAAP Consolidated
Members” means with respect to any Person, all other Persons including its Subsidiaries that are required to be Consolidated
with such Person in accordance with GAAP. Unless otherwise specified herein, the GAAP Consolidated Members with respect to the
Borrower shall mean the Parent and its Subsidiaries.

 

“Governmental
Authority” means any nation or government, any state, provincial, country, territorial or other political subdivision
thereof, any agency, authority, instrumentality, regulatory body, court, administrative tribunal, central bank or other entity
exercising executive, legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining to government
(including any supra-national bodies such as the European Union or the European Central Bank).

 

“Granting
Lender” has the meaning specified in Section 10.07(h).

 

“Guarantee
Obligations” means, as to any Person, without duplication, (a) any obligation, contingent or otherwise, of such Person
guaranteeing or having the economic effect of guaranteeing any Indebtedness or other monetary obligation payable or performable
by another Person (the “primary obligor”) in any manner, whether directly or indirectly, and including any
obligation of such Person, direct or indirect, (i) to purchase or pay (or advance or supply funds for the purchase or payment
of) such Indebtedness or other monetary obligation, (ii) to purchase or lease property, securities or services for the purpose
of assuring the obligee in respect of such Indebtedness or other monetary obligation of the payment or performance of such Indebtedness
or other monetary obligation, (iii) to maintain working capital, equity capital or any other financial statement condition or
liquidity or level of income or cash flow of the primary obligor so as to enable the primary obligor to pay such Indebtedness
or other monetary obligation or (iv) entered into for the purpose of assuring in any other manner the obligee in respect of such
Indebtedness or other monetary obligation of the payment or performance thereof or to protect such obligee against loss in respect
thereof (in whole or in part) or (b) any Lien on any assets of such Person securing any Indebtedness or other monetary obligation
of any other Person, whether or not such Indebtedness or other monetary obligation is assumed by such Person (or any right, contingent
or otherwise, of any holder of such Indebtedness to obtain any such Lien); provided that the term “Guarantee Obligations”
shall not include endorsements for collection or deposit, in either case in the ordinary course of business, or customary and
reasonable indemnity obligations in effect on the Closing Date or entered into in connection with any acquisition or disposition
of assets permitted under this Agreement (other than such obligations with respect to Indebtedness). The amount of any Guarantee
Obligation shall be deemed to be an amount equal to the stated or determinable amount of the related primary obligation, or portion
thereof, in respect of which such Guarantee Obligation is made or, if not stated or determinable, the maximum reasonably anticipated
liability in respect thereof as determined by the guaranteeing Person in good faith.

 

“Guarantees”
has the meaning specified in the definition of “Collateral and Guarantee Requirement.”

 

“Guarantors”
has the meaning specified in the definition of “Collateral and Guarantee Requirement.” For avoidance of doubt, the
Borrower in its sole discretion may cause any Restricted Subsidiary that is not a Guarantor to Guarantee the Obligations by causing
such Restricted Subsidiary to execute and deliver to the Administrative Agent a Guaranty Supplement (as defined in the Guaranty),
and any such Restricted Subsidiary shall thereafter be a Guarantor, Loan Party and Subsidiary Guarantor hereunder for all purposes;
provided that if such Restricted Subsidiary is not organized in the United States, (i) the jurisdiction of organization
of such Restricted Subsidiary shall be reasonably satisfactory to the Collateral Agent if acting as Collateral Agent or entering
into Loan Documents with Subsidiaries in such jurisdiction is prohibited by applicable Law or would expose the Collateral Agent,
in its capacity as such, to material additional liabilities and (ii) such Restricted Subsidiary shall have complied with the Collateral
and Guarantee Requirement prior to the becoming a Guarantor.

 

    -30-

     

    

 

“Guaranty”
means, collectively, (a) the Guaranty substantially in the form of Exhibit F and (b) each other guaranty and guaranty
supplement delivered pursuant to Section 6.10.

 

“Hazardous
Materials” means all hazardous, toxic, explosive or radioactive substances or wastes, and all other chemicals, pollutants,
contaminants, substances or wastes of any nature regulated pursuant to any Law relating to the Environment because of their hazardous,
toxic, dangerous or deleterious characteristics or properties, including petroleum or petroleum distillates, asbestos or asbestos-containing
materials, polychlorinated biphenyls, radon gas and toxic mold.

 

“IFRS”
means International Financial Reporting Standards as adopted in the European Union.

 

“Immaterial
Subsidiary” means, at any date of determination, each Restricted Subsidiary that has been designated by the Borrower
in writing to the Administrative Agent as an “Immaterial Subsidiary” for purposes of this Agreement (and not
redesignated as a Material Subsidiary as provided below), provided that (a) for purposes of this Agreement, at no time
shall (i) the total assets of all Immaterial Subsidiaries at the last day of the most recent Test Period equal or exceed 5% of
the total assets of the Parent, the Borrower and the Restricted Subsidiaries at such date or (ii) the gross revenues for such
Test Period of all Immaterial Subsidiaries equal or exceed 5% of the consolidated gross revenues of the Parent, the Borrower and
the Restricted Subsidiaries for such period, in each case determined on a consolidated basis in accordance with GAAP, (b) the
Borrower shall not designate any new Immaterial Subsidiary if such designation would not comply with the provisions set forth
in clause (a) above, (c) if the total assets or gross revenues of all Restricted Subsidiaries so designated by the Borrower
as “Immaterial Subsidiaries” (and not redesignated as “Material Subsidiaries”) shall at any time exceed
the limits set forth in clause (a) above, then all such Restricted Subsidiaries shall be deemed to be Material Subsidiaries
unless and until the Borrower shall redesignate one or more Immaterial Subsidiaries as Material Subsidiaries, in each case in
a written notice to the Administrative Agent, and, as a result thereof, the total assets and gross revenues of all Restricted
Subsidiaries still designated as “Immaterial Subsidiaries” do not exceed such limits and (d) the Borrower shall not
designate any Subsidiary as an Immaterial Subsidiary if such Subsidiary owns Material Real Property; provided, further,
that the Borrower may designate and re-designate a Restricted Subsidiary as an Immaterial Subsidiary at any time, subject to the
terms set forth in this definition.

 

“Incurrence
Based Amounts” has the meaning specified in Section 1.09(b).

 

“Indebtedness”
means, as to any Person at a particular time, without duplication, all of the following, whether or not included as indebtedness
or liabilities in accordance with GAAP:

 

(a)       all
obligations of such Person for borrowed money and all obligations of such Person evidenced by bonds, debentures, notes, loan agreements
or other similar instruments;

 

(b)       the
maximum amount (after giving effect to any prior drawings or reductions which may have been reimbursed) of all letters of credit
(including standby and commercial), banker’s acceptances, bank guaranties, surety bonds, performance bonds and similar instruments
issued or created by or for the account of such Person;

 

(c)       net
obligations of such Person under any Swap Contract;

 

(d)       all
obligations of such Person to pay the deferred purchase price of property or services (other than (i) trade accounts payable in
the ordinary course of business and (ii) any earn-out obligation until such obligation becomes a liability on the balance sheet
of such Person in accordance with GAAP and if not paid within thirty (30) days after becoming due and payable);

 

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(e)       indebtedness
(excluding prepaid interest thereon) secured by a Lien on property owned or being purchased by such Person (including indebtedness
arising under conditional sales or other title retention agreements and mortgage, industrial revenue bond, industrial development
bond and similar financings), whether or not such indebtedness shall have been assumed by such Person or is limited in recourse;

 

(f)       all
Attributable Indebtedness;

 

(g)       all
obligations of such Person in respect of Disqualified Equity Interests; and

 

(h)       all
Guarantee Obligations of such Person in respect of any of the foregoing.

 

For
all purposes hereof, the Indebtedness of any Person shall (A) include the Indebtedness of any partnership or joint venture (other
than a joint venture that is itself a corporation, company, or limited liability company) in which such Person is a general partner
or a joint venturer, except to the extent such Person’s liability for such Indebtedness is otherwise limited and only to
the extent such Indebtedness would be included in the calculation of Consolidated Total Debt and (B) in the case of the Parent,
the Borrower and the Restricted Subsidiaries, exclude all intercompany Indebtedness having a term not exceeding 364 days
(inclusive of any roll-over or extensions of terms) and made in the ordinary course of business consistent with past practice.
The amount of any net obligation under any Swap Contract on any date shall be deemed to be the Swap Termination Value thereof
as of such date. The amount of Indebtedness of any Person for purposes of clause (e) shall be deemed to be equal to the
lesser of (i) the aggregate unpaid amount of such Indebtedness and (ii) the fair market value of the property encumbered thereby
as determined by such Person in good faith.

 

“Indemnified
Liabilities” has the meaning specified in Section 10.05.

 

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

 

“Indemnitees”
has the meaning specified in Section 10.05.

 

“Information”
has the meaning specified in Section 10.08.

 

“Interest Charges”
means, with respect to any Person for any period, the sum of (a) Consolidated Interest Expense of such Person for such period;
plus (b) all cash dividend payments (excluding items eliminated in consolidation) on any series of Disqualified Equity
Interests of such Person or any Restricted Subsidiary of such Person made during such period.

 

“Interest Payment
Date” means (a) as to any Bridge Loan, the last day of each three-month period after the Closing Date and the Extension
Date; and (b) as to any Extended Term Loans, the last Business Day of each March, June, September and December and the Final Maturity
Date.

 

“Interest Period”
means, as to each Eurocurrency Rate Loan, the period commencing on the date such Loan is disbursed or converted to or continued
as a Eurocurrency Rate Loan and ending on the date one, two, three or six months thereafter, or to the extent agreed to by each
Lender of such Eurocurrency Rate Loan and the Administrative Agent, twelve months or any other period thereafter as selected by
the Borrower in its Committed Loan Notice; provided that:

 

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(a)       any
Interest Period that would otherwise end on a day that is not a Business Day shall be extended to the next succeeding Business
Day unless such Business Day falls in another calendar month, in which case such Interest Period shall end on the next preceding
Business Day;

 

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

 

(c)       no
Interest Period applicable to Eurocurrency Rate Loans shall extend beyond the Extension Date.

 

Notwithstanding the
foregoing, the Borrower may select an initial Interest Period for the Bridge Loans ending on the date that is no more than three
(3) months after the Closing Date that is, subject to clause (a) of the definition of “Interest Period,” the
next succeeding December 31, March 31, June 30 or September 30 following the Closing Date.

 

“Intermediate
Holding Company” means any Wholly Owned Subsidiary of a Parent that directly or indirectly through another Intermediate
Holding Company, owns 100% of the issued and outstanding Equity Interests of the Borrower.

 

“Investment”
means, as to any Person, any direct or indirect acquisition or investment by such Person, whether by means of (a) the purchase
or other acquisition of Equity Interests or debt or other securities of another Person, (b) a loan, advance or capital contribution
to, Guarantee Obligation with respect to any obligation of, or purchase or other acquisition of any other debt or equity participation
or interest in, another Person, including any partnership or joint venture interest in such other Person (excluding, in the case
of the Parent, the Borrower and the Restricted Subsidiaries, intercompany loans, advances, or Indebtedness having a term
not exceeding 364 days (inclusive of any roll-over or extensions of terms) and made in the ordinary course of business consistent
with past practice) or (c) the purchase or other acquisition (in one transaction or a series of transactions) of all or substantially
all of the property and assets or business of another Person or assets constituting a business unit, line of business or division
of such Person. For purposes of covenant compliance, the amount of any Investment shall be the amount actually invested, without
adjustment for subsequent increases or decreases in the value of such Investment.

 

“Investment
Grade Rating” means a rating equal to or higher than Baa3 (or the equivalent) by Moody’s and BBB- (or the equivalent)
by S&P, or an equivalent rating by Fitch, Inc.

 

“IP
Rights” has the meaning specified in Section 5.14.

 

“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.

 

“Judgment
Currency” has the meaning specified in Section 10.17.

 

“Junior
Debt” means Indebtedness incurred by a Loan Party that is (x) in excess of the Threshold Amount and subordinated
in right of payment to the prior payment of all Obligations of such Loan Party under the Loan Documents or (y) in excess of the
Threshold Amount and junior in priority to the Liens securing the Obligations.

 

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“Junior Debt
Documents” means any agreement, indenture or instrument pursuant to which any Junior Debt is issued, in each case as
amended to the extent permitted under the Loan Documents.

 

“JV
Entity” means any joint venture of the Parent, the Borrower or any Restricted Subsidiary that is not a Subsidiary.

 

“Laws”
means, collectively, all international, foreign, federal, state, provincial and local laws (including common laws), statutes,
treaties, rules, guidelines, regulations, ordinances, codes and administrative or judicial precedents or authorities, including
the interpretation or administration thereof by any Governmental Authority charged with the enforcement, interpretation or administration
thereof, and all applicable administrative orders, directed duties, requests, licenses, authorizations and permits of, and agreements
with, any Governmental Authority.

 

“LCA
Election” has the meaning specified in Section 1.09(a).

 

“LCA
Test Date” has the meaning specified in Section 1.09(a).

 

“Lead Arrangers”
means BofA Securities, Inc., Goldman Sachs Bank USA and Credit Suisse Loan Funding LLC, in their capacities as Joint Lead Arrangers
and Joint Bookrunners under this Agreement.

 

“Lender”
has the meaning specified in the introductory paragraph to this Agreement and their respective successors and assigns as permitted
hereunder, each of which is referred to herein as a “Lender”.

 

“LIBOR”
has the meaning specified in the definition of Eurocurrency Rate.

 

“LIBOR Replacement
Date” has the meaning specified in Section 1.10(a).

 

“LIBOR
Screen Rate” means the LIBOR quote on the applicable screen page the Administrative Agent designates to determine
LIBOR (or such other commercially available source providing such quotations as may be designated by the Administrative Agent
from time to time).

 

“LIBOR Successor
Rate” has the meaning specified in Section 1.10(a).

 

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

 

“Lien”
means any mortgage, pledge, hypothecation, assignment, deposit arrangement, encumbrance, lien (statutory or other), charge, assignment
(by way of security or otherwise), deemed trust, or preference, priority or other security interest or preferential arrangement
of any kind or nature whatsoever (including any conditional sale or other title retention agreement, any easement, right of way
or other encumbrance on title to real property, and any Capitalized Lease having substantially the same economic effect as any
of the foregoing).

 

    -34-

     

    

 

“Limited Condition
Transaction” means (x) any Permitted Acquisition or other similar investment, including by way of merger, by the Parent,
the Borrower or one or more of the Restricted Subsidiaries permitted pursuant to this Agreement whose consummation is not conditioned
upon the availability of, or on obtaining, third party financing and (y) any redemption, repurchase, defeasance, satisfaction
and discharge or repayment of indebtedness requiring irrevocable notice in advance of such redemption, repurchase, satisfaction
and discharge or repayment.

 

“Loan”
means the Bridge Loans or the Extended Term Loans (once converted), as the context may require.

 

“Loan Documents”
means, collectively, (i) this Agreement, (ii) the Notes, (iii) the Pari Passu Intercreditor Agreement, (iv) the ABL Intercreditor
Agreement, (v) each Guaranty and (vi) the Collateral Documents, in each case as amended in accordance with this Agreement.

 

“Loan Parties”
means, collectively, (i) the Borrower, (ii) the Parent and (iii) each other Guarantor.

 

“Master Agreement”
has the meaning specified in the definition of “Swap Contract.”

 

“Material
Adverse Effect” means (a) a material adverse effect on the business, operations, assets, liabilities (actual or contingent)
or financial condition of the Parent, the Borrower and the Restricted Subsidiaries, taken as a whole, (b) a material adverse
effect on the ability of the Loan Parties (taken as a whole) to perform their respective payment obligations under any Loan Document
to which any of the Loan Parties is a party or (c) a material adverse effect on the rights and remedies of the Lenders or the
Agents under any Loan Document.

 

“Material Real
Property” means (a) any real property owned by a Loan Party on the Closing Date having a fair market value in excess
of $15,000,000, each of which is set forth on Schedule 1.01E and (b) any owned real property acquired by any Loan Party following
the Closing Date (or owned by any Person that becomes a Loan Party after the Closing Date) located in the United States with a
fair market value in excess of $15,000,000.

 

“Material Subsidiary”
means, at any date of determination, each Restricted Subsidiary that is not an Immaterial Subsidiary (but including, in any case,
any Restricted Subsidiary that has been designated as a Material Subsidiary as provided in, or that has been designated as an
Immaterial Subsidiary in a manner that does not comply with, the definition of “Immaterial Subsidiary”).

 

“Moody’s”
means Moody’s Investors Service, Inc. and any successor thereto.

 

“Multiemployer
Plan” means any employee benefit plan of the type described in Section 4001(a)(3) of ERISA, to which any Loan Party
or any ERISA Affiliate makes or is obligated to make contributions, or during the immediately preceding six (6) years, has made
or been obligated to make contributions.

 

    -35-

     

    

 

“Net Cash Proceeds”
means:

 

(a)       with
respect to the Disposition of any asset by the Parent, the Borrower or any Restricted Subsidiary or any Casualty Event, an amount
equal to the excess, if any, of (i) the sum of cash and Cash Equivalents received in connection with such Disposition or Casualty
Event (including any cash or Cash Equivalents received by way of deferred payment pursuant to, or by monetization of, a note receivable
or otherwise, but only as and when so received and, with respect to any Casualty Event, any insurance proceeds or condemnation
awards in respect of such Casualty Event actually received by or paid to or for the account of the Parent, the Borrower or any
Restricted Subsidiary) over (ii) the sum of (A) the principal amount, premium or penalty, if any, interest and other amounts on
any Indebtedness that is secured by the asset subject to such Disposition or Casualty Event and that is required to be repaid
(and is timely repaid) in connection with such Disposition or Casualty Event (other than Indebtedness under the Loan Documents
and Indebtedness that is secured by Liens ranking junior to or pari passu with the Liens securing Obligations under the
Loan Documents), (B) the out-of-pocket fees and expenses (including attorneys’ fees, investment banking fees, survey costs,
title insurance premiums, and related search and recording charges, transfer taxes, deed or mortgage recording taxes, other customary
expenses and brokerage, consultant and other customary fees) actually incurred by such Parent, the Borrower or such Restricted
Subsidiary in connection with such Disposition or Casualty Event, (C) Taxes paid or reasonably estimated to be actually payable
in connection therewith (including, for the avoidance of doubt, any income, withholding and other Taxes payable as a result of
the distribution of such proceeds to the Borrower), and (D) any reserve for adjustment in respect of (x) the sale price of such
asset or assets or purchase price adjustment established in accordance with GAAP and (y) any liabilities associated with such
asset or assets and retained by the Parent, the Borrower or any Restricted Subsidiary after such sale or other disposition thereof,
including pension and other post-employment benefit liabilities and liabilities related to environmental matters or with respect
to any indemnification obligations associated with such transaction, it being understood that “Net Cash Proceeds”
shall include (i) any cash or Cash Equivalents received upon the Disposition of any non-cash consideration by the Parent, the
Borrower or any Restricted Subsidiary in any such Disposition and (ii) upon the reversal (without the satisfaction of any applicable
liabilities in cash in a corresponding amount) of any reserve described in clause (D) above or if such liabilities have
not been satisfied in cash and such reserve is not reversed within 365 days after such Disposition or Casualty Event, the amount
of such reserve; and

 

(b)       (i)
with respect to (A) the incurrence or issuance of any Indebtedness (including any issuances of senior secured or unsecured notes
and/or the obtaining of additional term loans under the First Lien Credit Agreement, each in connection with the Permanent Financing),
(B) the issuance of any equity or equity-linked securities in connection with the Permanent Financing and (C) the exercise and
settlement of certain outstanding warrants, in each case, by the Parent, the Borrower or any Restricted Subsidiary, the excess,
if any, of (x) the sum of the cash received in connection with such incurrence, issuance or settlement over (y) the investment
banking fees, underwriting discounts, commissions, Taxes, costs and other out-of-pocket expenses and other customary expenses
incurred by such Parent, the Borrower or such Restricted Subsidiary in connection with such incurrence, issuance or settlement
and (ii) with respect to any Permitted Equity Issuance by any direct or indirect parent of the Parent, the amount of cash from
such Permitted Equity Issuance contributed to the capital of such Parent.

 

“Non-Consenting
Lender” has the meaning specified in Section 3.06(d).

 

“Non-Loan Party”
means any Restricted Subsidiary that is not a Loan Party.

 

    -36-

     

    

 

“Note”
means a Bridge Note or an Extended Term Loan Note, as the context may require.

 

“Obligations”
means all advances to, and debts, liabilities, obligations, covenants and duties of, any Loan Party or other Subsidiary arising
under any Loan Document or otherwise with respect to any Loan, whether direct or indirect (including those acquired by assumption),
absolute or contingent, due or to become due, now existing or hereafter arising and including interest and fees that accrue after
the commencement by or against any Loan Party or any other Subsidiary of any proceeding under any Debtor Relief Laws naming such
Person as the debtor in such proceeding, regardless of whether such interest and fees are allowed claims in such proceeding. Without
limiting the generality of the foregoing, the Obligations of the Loan Parties under the Loan Documents (and of any of their Subsidiaries
to the extent they have obligations under the Loan Documents) include (a) the obligation (including guarantee obligations) to
pay principal, interest, reimbursement obligations, charges, expenses, fees, Attorney Costs, indemnities and other amounts, in
each case, payable by any Loan Party or any other Subsidiary under any Loan Document and (b) the obligation of any Loan Party
or any other Subsidiary to reimburse any amount in respect of any of the foregoing that any Lender, in its sole discretion, may
elect to pay or advance on behalf of such Loan Party or such Subsidiary.

 

“Organization
Documents” means (a) with respect to any corporation or company, the certificate or articles of incorporation, the memorandum
and articles of association, any certificates of change of name and/or the bylaws; (b) with respect to any limited liability company,
the certificate or articles of formation or organization and operating agreement; and (c) with respect to any partnership, joint
venture, trust or other form of business entity, the partnership, joint venture or other applicable agreement of formation or
organization and any agreement, declaration, instrument, filing or notice with respect thereto filed in connection with its formation
or organization with the applicable Governmental Authority in the jurisdiction of its formation or organization and, if applicable,
any certificate or articles of formation or organization of such entity.

 

“Other Applicable
Indebtedness” has the meaning specified in Section 2.05(b)(ii).

 

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

 

“Other
Taxes” means all present or future stamp, court or documentary Taxes and any other property, intangible, mortgage recording
or similar Taxes which arise from any payment made under any Loan Document or from the execution, delivery, performance, enforcement
or registration of, or otherwise with respect to, any Loan Document, excluding, in each case, any such Tax resulting from an Assignment
and Assumption or transfer or assignment to or designation of a new Applicable Lending Office or other office for receiving payments
under any Loan Document (an “Assignment Tax”) but only if (a) such Assignment Tax is imposed as a result of
a present or former connection of the assignor or assignee with the jurisdiction imposing such Assignment Tax (other than any
connection arising solely from any Loan Documents or any transactions contemplated thereby) and (b) such Assignment Tax does not
arise as a result of an assignment (or designation of a new Applicable Lending Office) pursuant to a request by Borrower under
Section 3.06.

 

“Outstanding
Amount” means with respect to any Loans, the amount of the aggregate outstanding principal amount thereof after giving
effect to any borrowings and prepayments or repayments of any Loans.

 

    -37-

     

    

 

“Parent”
has the meaning specified in the introductory paragraph to this Agreement.

 

“Pari Passu
Intercreditor Agreement” means the First Lien Pari Passu Intercreditor Agreement dated as of the Closing Date and substantially
in the form of Exhibit G-2 among the Collateral Agent, Bank of America, N.A., as collateral agent under the First Lien
Credit Agreement, Bank of America, N.A., as collateral agent under the ABL Credit Agreement and the representatives for purposes
thereof for holders of one or more other classes of Indebtedness, the Borrower and the other parties thereto, as amended, restated,
supplemented or otherwise modified from time to time in accordance with the requirements thereof and of this Agreement, and which
shall also include any replacement intercreditor agreement entered into in accordance with the terms hereof.

 

“Participant”
has the meaning specified in Section 10.07(e).

 

“Participant
Register” has the meaning specified in Section 10.07(e).

 

“PBGC”
means the Pension Benefit Guaranty Corporation.

 

“Pension Plan”
means any “employee pension benefit plan” (as such term is defined in Section 3(2) of ERISA) other than a Multiemployer
Plan, that is subject to Title IV of ERISA and is sponsored or maintained by any Loan Party or any ERISA Affiliate or to which
any Loan Party or any ERISA Affiliate contributes or has an obligation to contribute, or in the case of a multiple employer or
other plan described in Section 4064(a) of ERISA, has made contributions at any time during the immediately preceding six (6)
years.

 

“Permanent
Financing” means (i) the issuance of senior secured or unsecured notes in a Rule 144A offering or other private placement,
(ii) the issuance of equity or equity-linked securities, (iii) the exercise and settlement of certain outstanding warrants of
Utz Brands, Inc. and/or (iv) the obtaining of additional term loans under the First Lien Credit Agreement, in each case, by the
Borrower in connection with the Acquisition.

 

“Permitted
Acquisition” has the meaning specified in Section 7.02(j).

 

“Permitted
Distribution Business Disposition” the transfer of any trucks, together with related contracts and related assets of
the direct store delivery network of the Borrower and other Loan Parties, together with any liabilities and obligations relating
thereto; provided that (a) the book value of the assets so transferred shall not constitute, in the aggregate, greater
than 15% of the book value of the assets of the Parent, the Borrower and the Restricted Subsidiaries on a Consolidated basis as
of the Closing Date and (b) the business remaining with the Loan Parties shall not be negatively impacted in any material respect
by the transfer and satisfactory arrangements for replacement distribution of all inventory of the Parent, the Borrower and the
Restricted Subsidiaries shall be in place at the time of the Permitted Distribution Business Disposition.

 

“Permitted
Equity Issuance” means any sale or issuance of any Qualified Equity Interests other than a sale or issuance the proceeds
of which are designated as Excluded Contribution Amounts.

 

“Permitted
Holders” means any of (a) any lineal descendent of William and Salie Utz, (b) any lineal descendent of Francis Xavier
Rice and Arlene Utz Rice, (c) any Permitted Transferee of any of the foregoing, (d) any trust for the benefit of the foregoing
(including, Michael W. Rice General Trust, Michael W. Rice 2010 GRAT, Rice Family 2011 GRAT, Rice Family 2015 GRAT, Exempt Family
under the Michael W. Rice 2009 Family Trust, Non-Exempt Family Trust under the Michael W. Rice 2009 Family Trust, Jane E. Rice
2012 Special Trust, Non-Exempt Family Trust under the Michael W. Rice 2009 Family Trust, Stacie R. Lissette 2012 Generations Trust,
Dylan Lissette 2012 Generations Trust, Stacie R. Lissette Primary Trust under the Rice 1998 GRAT 3, Michael W. Rice 2010 Multigenerational
Trust and Michael W. Rice 2015 QTIP Trust), (e) any estate of any of the foregoing, (f) the personal representatives of any Person
specified in clauses (a), (b) or (c) upon such Person’s death for the purposes of administration of such Person’s
estate or upon such Person’s adjudicated incapacity for purposes of the protection and management of the assets of such
Person and (g) Utz Brands, Inc., its controlled Affiliates and any successor thereto.

 

    -38-

     

    

 

“Permitted
Liens” means any Liens permitted by Section 7.01.

 

“Permitted
Non-Recourse Factoring” means one or more non-recourse (except for customary representations, warranties, covenants
and indemnities made in connection with such non-recourse facilities) receivables purchase facilities made available to the Parent,
the Borrower or any of the Restricted Subsidiaries on then-market terms (as reasonably determined by the Borrower) in an aggregate
principal amount for all such facilities not exceeding $20,000,000 at any time outstanding.

 

“Permitted
Receivables Financing” means a Permitted Non-Recourse Factoring or a Permitted Recourse Receivables Financing.

 

“Permitted
Recourse Receivables Financing” means one or more receivables purchase facilities made available to the Parent, the
Borrower or any of the Restricted Subsidiaries on then-market terms (as reasonably determined by the Borrower) in an aggregate
principal amount for all such facilities not exceeding $20,000,000 at any time outstanding.

 

“Permitted
Refinancing” means, with respect to any Person, any modification (other than a release of such Person), refinancing,
refunding, renewal or extension of any Indebtedness of such Person; provided that (a) the principal amount (or accreted
value, if applicable) thereof does not exceed the principal amount (or accreted value, if applicable) of the Indebtedness so modified,
refinanced, refunded, renewed or extended except by an amount equal to unpaid accrued interest and premium thereon, plus amounts
that would otherwise be permitted under Section 7.03 (with such amounts being deemed utilization of the applicable
basket or exception under Section 7.03), plus other reasonable amounts paid, and fees and expenses reasonably incurred,
in connection with such modification, refinancing, refunding, renewal or extension and by an amount equal to any existing commitments
unutilized thereunder, and as otherwise permitted under Section 7.03, (b) other than with respect to a Permitted Refinancing
in respect of Indebtedness permitted pursuant to Section 7.03(f), such modification, refinancing, refunding, renewal or
extension has a final maturity date equal to or later than the final maturity date of, and has a Weighted Average Life to Maturity
equal to or greater than the Weighted Average Life to Maturity of, the Indebtedness being modified, refinanced, refunded, renewed
or extended and (c) to the extent such Indebtedness being so modified, refinanced, refunded, renewed or extended is secured by
a Lien on the Collateral, the Lien securing such Indebtedness as modified, refinanced, refunded, renewed or extended shall not
be senior in priority to the Lien on the Collateral securing the Indebtedness being modified, refinanced, refunded, renewed or
extended unless otherwise permitted under this Agreement.

 

“Permitted
Sale Leaseback” means any Sale Leaseback consummated by the Parent, the Borrower or any of the Restricted Subsidiaries
after the Closing Date; provided that any such Sale Leaseback that is not between (a) a Loan Party and another Loan Party
or (b) a Restricted Subsidiary that is not a Loan Party and another Restricted Subsidiary that is not a Loan Party must be, in
each case, consummated for fair value as determined at the time of consummation in good faith by (i) the Parent, the Borrower
or such Restricted Subsidiary and (ii) in the case of any Sale Leaseback (or series of related Sales Leasebacks) the aggregate
proceeds of which exceed $40,000,000, the board of managers or directors, as applicable, of the Parent, the Borrower or such Restricted
Subsidiary (which such determination may take into account any retained interest or other Investment of the Parent, the Borrower
or such Restricted Subsidiary in connection with, and any other material economic terms of, such Sale Leaseback).

 

    -39-

     

    

 

“Permitted
Tax Distribution” means:

 

(a)       if
and for so long as the Parent is a member of a group filing a consolidated, combined or unitary tax return with any parent entity,
any dividends or other distributions to fund any income Taxes attributable to the income of the Parent, the Borrower and the Subsidiaries,
in each case, for which such parent entity is liable up to an amount not to exceed with respect to such Taxes the amount of any
such Taxes that the applicable Parent, the Borrower and the applicable Subsidiaries would have been required to pay on a separate
company basis or on a separate consolidated group basis if the Parent, the Borrower and such Subsidiaries had paid such Tax on
a consolidated, combined, group, affiliated or unitary basis on behalf of an affiliated group consisting only of the Parent, the
Borrower and such Subsidiaries; provided that any such payment attributable to an Unrestricted Subsidiary shall be limited
to the amount of any cash paid by such Unrestricted Subsidiary for such purpose to the Parent, the Borrower or any Restricted
Subsidiary; and

 

(b)       (i)
if and for so long as Parent is treated as a partnership for U.S. federal, state, provincial, territorial, and/or local income
Tax purposes, any dividends or other distributions required or permitted by Section 6.2 of the Third Amended and Restated Limited
Liability Company Agreement of Utz Brands Holdings, LLC, dated as of the Closing Date (as defined in the Business Combination
Agreement) (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “Parent
LLCA”) and (ii) if there is a successor to Parent (whether by way of merger, consolidation, conversion, acquisition
of substantially all of such Parent’s assets or otherwise) or if Parent becomes an entity disregarded as separate from a
new parent entity, and such successor or parent has entered into an operating agreement substantially similar to the Parent LLCA,
if and for so long as such successor or parent is treated as a partnership for U.S. federal, state, provincial, territorial, and/or
local income Tax purposes, any dividends or other distributions required or permitted to be made by such successor or parent (or
dividends or other distributions to such parent in amounts sufficient for such parent to pay dividends or make other distributions
required or permitted) by the provision in such successor’s or such parent’s operating agreement that is analogous
to Section 6.2 of the Parent LLCA, as applicable; provided, that such amounts described in this clause (b) shall
not be in excess of the amounts required or permitted by Section 6.2 of the form of the Parent LLCA attached as Exhibit C to the
Business Combination Agreement as in effect on July 23, 2020; and

 

(c) for
any taxable year (or portion thereof) ending after the Closing Date for which Parent is treated as a disregarded entity for U.S.
federal, state, provincial, territorial, and/or local income Tax purposes (other than as described in clause (b)(ii) above),
the payment of dividends or other distributions to Parent’s direct owner(s) to fund the income Tax liability of such owner(s)
(or, if a direct owner is a pass-through entity, of the indirect owner(s)) for such taxable year (or portion thereof) attributable
to the operations and activities of Parent and its direct and indirect Subsidiaries, in an aggregate amount not the exceed the
product of (1) the highest combined marginal U.S. federal and applicable state, provincial, territorial, and/or local statutory
Tax rate (after taking into account the deductibility of U.S. state and local income Tax for U.S. federal income Tax purposes)
applicable to the direct or indirect parent of Parent for the taxable year (or portion thereof) in question as reasonably determined
by the Borrower using information available to it, and (2) the taxable income of Parent and its direct and indirect Subsidiaries
for such taxable year (or portion thereof); provided that any such payment attributable to an Unrestricted Subsidiary shall
be limited to the amount of any cash paid by such Unrestricted Subsidiary for such purpose to Parent, the Borrower or its Restricted
Subsidiaries.

 

    -40-

     

    

 

“Permitted
Tax Restructuring” means any reorganizations and other activities related to tax planning and tax reorganization (as
determined by the Borrower in good faith) entered into on or after the date hereof so long as such Permitted Tax Restructuring
does not materially impair the Guarantees or the security interests of the Lenders in the aggregate and is otherwise not materially
adverse to the Lenders and after giving effect to such Permitted Tax Restructuring, the Parent, the Borrower and the Restricted
Subsidiaries otherwise comply with Section 6.10.

 

“Permitted
Transferee” means, with respect to any Person that is a natural person (and any Permitted Transferee of such Person),
(x) such Person’s immediate family, including his or her spouse, ex-spouse, children, stepchildren and their respective
lineal descendants and (y) any trust or other legal entity (including, through the conversion of any limited liability company
into a series limited liability company) the indirect or direct beneficiary of which is such Person’s immediate family,
including his or her spouse, ex-spouse, children, stepchildren or their respective lineal descendants and which is controlled
by such Person.

 

“Person”
means any natural person, corporation, limited liability company, trust, joint venture, association, company, partnership, Governmental
Authority or other entity.

 

“Plan”
means any “employee benefit plan” (as such term is defined in Section 3(3) of ERISA) other than a Foreign Plan, established
or maintained by any Loan Party or, with respect to any such plan that is subject to Section 412 of the Code or Title IV of ERISA,
any ERISA Affiliate.

 

“Plan Assets”
means “plan assets” within the meaning of U.S. Department of Labor Regulation 29 C.F.R. Section 2510.3-101, as modified
by Section 3(42) of ERISA.

 

“Platform”
has the meaning specified in Section 6.02.

 

“Post-Acquisition
Period” means, with respect to any Permitted Acquisition or the conversion of any Unrestricted Subsidiary into a Restricted
Subsidiary, the period beginning on the date such Permitted Acquisition or conversion is consummated and ending on the last day
of the fourth full consecutive fiscal quarter immediately following the date on which such Permitted Acquisition or conversion
is consummated.

 

“Pre-Adjustment
Successor Rate” has the meaning specified in Section 1.10(a).

 

“Pro
Forma Adjustment” means, for any Test Period that includes all or any part of a fiscal quarter included in any Post-Acquisition
Period, with respect to the Acquired EBITDA of the applicable Acquired Entity or Business or Converted Restricted Subsidiary or
the Consolidated EBITDA of the Parent, the Borrower and the Restricted Subsidiaries, (a) the pro forma increase or decrease
in such Acquired EBITDA or such Consolidated EBITDA, as the case may be, that is factually supportable and is expected to have
a continuing impact, in each case as determined on a basis consistent with Article 11 of Regulation S-X of the Securities Act,
as interpreted by the Securities and Exchange Commission and (b) additional good faith pro forma adjustments arising out of cost
savings initiatives attributable to such transaction and additional costs associated with the combination of the operations of
such Acquired Entity or Business or Converted Restricted Subsidiary with the operations of the Parent, the Borrower and the Restricted
Subsidiaries, in each case being given pro forma effect, that (i) have been realized or (ii) subject to the limitations set forth
in clause (a)(viii) of the definition of Consolidated EBITDA, will be implemented following such transaction and are supportable
and quantifiable and expected to be realized within the succeeding eighteen (18) months and, in each case, including, but not
limited to, (w) reduction of costs related to administrative, selling or production-related activities, (x) incremental earnings
from selling or production-related activities, (y) reductions of costs related to leased or owned properties and (z) reductions
from the consolidation of operations and streamlining of corporate overhead taking into account, for purposes of determining such
compliance, the historical financial statements of the Acquired Entity or Business or Converted Restricted Subsidiary and the
Consolidated financial statements of the Parent, the Borrower and the other Subsidiaries, assuming such Permitted Acquisition
or conversion, and all other Permitted Acquisitions or conversions that have been consummated during the period, and any Indebtedness
or other liabilities repaid in connection therewith had been consummated and incurred or repaid at the beginning of such period
(and assuming that such Indebtedness to be incurred bears interest during any portion of the applicable measurement period prior
to the relevant acquisition at the interest rate which is or would be in effect with respect to such Indebtedness as at the relevant
date of determination); provided that, so long as such actions are initiated during such Post-Acquisition Period or such
costs are incurred during such Post-Acquisition Period, as applicable, for purposes of projecting such pro forma increase or decrease
to such Acquired EBITDA or such Consolidated EBITDA, as the case may be, it may be assumed that such cost savings will be realizable
during the entirety of such Test Period, or such additional costs, as applicable, will be incurred during the entirety of such
Test Period.

 

    -41-

     

    

 

“Pro
Forma Basis” and “Pro Forma Effect” mean, with respect to compliance with any test hereunder for
an applicable period of measurement, that (A) to the extent applicable, the Pro Forma Adjustment shall have been made and (B)
all Specified Transactions and the following transactions in connection therewith shall be deemed to have occurred as of the first
day of the applicable period of measurement (as of the last date in the case of a balance sheet item) in such test: (a) income
statement items (whether positive or negative) attributable to the property or Person subject to such Specified Transaction, (i)
in the case of a Disposition of all or substantially all Equity Interests in any Restricted Subsidiary or any division, product
line, or facility used for operations of the Parent, the Borrower or any of the Restricted Subsidiaries, shall be excluded,
and (ii) in the case of a Permitted Acquisition or Investment described in the definition of “Specified Transaction,”
shall be included, (b) any retirement of Indebtedness, and (c) any Indebtedness incurred or assumed by the Parent, the Borrower
or any of the Restricted Subsidiaries in connection therewith and if such Indebtedness has a floating or formula rate, shall have
an implied rate of interest for the applicable period for purposes of this definition determined by utilizing the rate which is
or would be in effect with respect to such Indebtedness as at the relevant date of determination; provided that, without
limiting the application of the Pro Forma Adjustment pursuant to clause (A) above, the foregoing pro forma adjustments may be
applied to any such test solely to the extent that such adjustments are consistent with the definition of Consolidated EBITDA
and give effect to events (including operating expense reductions) that are (as determined by the Borrower in good faith) (i)
(x) directly attributable to such transaction, (y) expected to have a continuing impact on the Parent, the Borrower and the Restricted
Subsidiaries and (z) factually supportable or (ii) otherwise consistent with the definition of Pro Forma Adjustment.

 

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

 

“Public Company
Costs” has the meaning assigned to such term in the definition of the term “Consolidated EBITDA”.

 

“Public
Lender” has the meaning specified in Section 6.02.

 

“Purchasers”
has the meaning specified in the preliminary statements to this Agreement.

 

“QFC Credit
Support” has the meaning specified in Section 10.27.

 

“Qualified
Equity Interests” means any Equity Interests of the Parent (or of the Borrower or any Intermediate Holding Company
or any direct or indirect parent of the Parent), in each case, that are not Disqualified Equity Interests.

 

    -42-

     

    

 

“Qualifying
IPO” means any transaction or series of transactions that results in any of the common Equity Interests of the Borrower
or any direct or indirect parent company of the Borrower being publicly traded on any United States national securities exchange
or over-the-counter market or any analogous exchange or any recognized securities exchange in Canada, the United Kingdom or any
country of the European Union.

 

“Quotation
Date” means, in respect of the determination of the Eurocurrency Rate for any Interest Period for a Eurocurrency Rate
Loan, the day that is two Business Days prior to the first day of such Interest Period.

 

“Recipient”
means the Administrative Agent, any Lender or any other recipient of any payment to be made by or on account of any obligation
of any Loan Party hereunder.

 

“Register”
has the meaning specified in Section 10.07(d).

 

“Rejection
Notice” has the meaning specified in Section 2.05(b)(vi).

 

“Related Adjustment”
means, in determining any LIBOR Successor Rate, the first relevant available alternative set forth in the order below that can
be determined by the Administrative Agent applicable to such LIBOR Successor Rate:

 

(A)             
the spread adjustment, or method for calculating or determining such spread adjustment, that has been selected or recommended
by the Relevant Governmental Body for the relevant Pre-Adjustment Successor Rate (taking into account the interest period, interest
payment date or payment period for interest calculated and/or tenor thereto) and which adjustment or method (x) is published on
an information service as selected by the Administrative Agent from time to time in its reasonable discretion or (y) solely with
respect to Term SOFR, if not currently published, which was previously so recommended for Term SOFR and published on an information
service acceptable to the Administrative Agent; or

 

(B)             
the spread adjustment that would apply (or has previously been applied) to the fallback rate for a derivative transaction
referencing the ISDA Definitions (taking into account the interest period, interest payment date or payment period for interest
calculated and/or tenor thereto).

 

“Relevant Governmental
Body” means the Federal Reserve Board and/or the Federal Reserve Bank of New York, or a committee officially endorsed
or convened by the Federal Reserve Board and/or the Federal Reserve Bank of New York.

 

“Release”
means any release, spill, emission, discharge, deposit, disposal, leaking, pumping, pouring, dumping, emptying, injection, migration
or leaching on, into or through the Environment or into, from or through any building, structure or facility.

 

“Reportable
Event” means, with respect to any Pension Plan, any of the events set forth in Section 4043(c) of ERISA or the regulations
issued thereunder, other than events for which the thirty (30) day notice period has been waived.

 

“Required Lenders”
means, as of any date of determination, Lenders having more than 50% of the sum of the (a) Total Outstandings and (b) aggregate
unused Bridge Commitments; provided that the unused Bridge Commitment of, and the portion of the Total Outstandings held
or deemed held by any Defaulting Lender or Lenders that are Affiliated Lenders (other than Affiliated Debt Funds) shall be excluded
for purposes of making a determination of Required Lenders.

 

    -43-

     

    

 

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

 

“Responsible
Officer” means the chief executive officer, president, vice president, chief financial officer, treasurer, assistant
treasurer, or other similar officer or director of a Loan Party and, as to any document delivered on the Closing Date, any secretary
or assistant secretary of a Loan Party and, as to any document delivered on the Closing Date, any secretary or assistant secretary
of a Loan Party and, solely for purposes of notices given pursuant to Article II, any other officer of the
applicable Loan Party so designated by any of the foregoing officers in a notice to the Administrative Agent or any other officer
or employee of the applicable Loan Party designated in or pursuant to an agreement between the applicable Loan Party and the Administrative
Agent. Any document delivered hereunder that is signed by a Responsible Officer of a Loan Party shall be conclusively presumed
to have been authorized by all necessary corporate, partnership and/or other action on the part of such Loan Party and such Responsible
Officer shall be conclusively presumed to have acted on behalf of such Loan Party.

 

“Restricted
Casualty Event” has the meaning specified in Section 2.05(b)(viii).

 

“Restricted
Disposition” has the meaning specified in Section 2.05(b)(viii).

 

“Restricted
Payment” means any dividend or other distribution (whether in cash, securities or other property) with respect to any
Equity Interest in the Parent, the Borrower or any Restricted Subsidiary, or any payment (whether in cash, securities or
other property), including any sinking fund or similar deposit, on account of the purchase, redemption, retirement, defeasance,
acquisition, cancellation or termination of any such Equity Interest, or on account of any return of capital to the holders of
Equity Interests of the Parent.

 

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

 

“Retained Declined
Proceeds” has the meaning specified in Section 2.05(b)(vi).

 

“S&P”
means Standard & Poor’s Financial Services LLC, a subsidiary of S&P Global Inc., and any successor thereto.

 

“Sale
Leaseback” means any transaction or series of related transactions pursuant to which the Parent, the Borrower
or any of the Restricted Subsidiaries (a) sells, transfers or otherwise disposes of any property, real or personal, whether now
owned or hereafter acquired, and (b) as part of such transaction, thereafter rents or leases such property or other property that
it intends to use for substantially the same purpose or purposes as the property being sold, transferred or disposed.

 

“Sanctions
Laws and Regulations” means any sanctions or related requirements imposed by the USA PATRIOT Act, the Executive Order
No. 13224 of September 23, 2001, entitled Blocking Property and Prohibiting Transactions With Persons Who Commit, Threaten to
Commit, or Support Terrorism (66 Fed. Reg. 49079 (2001)), the U.S. International Emergency Economic Powers Act (50 U.S.C. §§
1701 et seq.), the U.S. Trading with the Enemy Act (50 U.S.C. App. §§ 2 et seq.), the U.S. Syria Accountability
and Lebanese Sovereignty Act, the U.S. Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010 or the Iran Sanctions
Act, Section 1245 of the National Defense Authorization Act of 2012, all as amended, or any of the foreign assets control regulations
(including but not limited to 31 C.F.R., Subtitle B, Chapter V, as amended) or any other law or executive order relating thereto
administered by the U.S. Department of the Treasury Office of Foreign Assets Control or the U.S. Department of State enacted in
the United States after the date of this Agreement.

 

    -44-

     

    

 

“SEC”
means the Securities and Exchange Commission or any Governmental Authority succeeding to any of its principal functions.

 

“Secured
Parties” means, collectively, the Administrative Agent, the Collateral Agent, the Lenders, the Supplemental Administrative
Agent and each co-agent or sub-agent appointed by the Administrative Agent from time to time pursuant to Section 9.02.

 

“Securities
Act” means the Securities Act of 1933.

 

“Security
Agreement” means, collectively, the Bridge Security Agreement executed by the Loan Parties party thereto on the Closing
Date substantially in the form of Exhibit H as supplemented by any Security Agreement Supplement executed and delivered pursuant
to Section 6.10.

 

“Security Agreement
Supplement” means a supplement to any Security Agreement as contemplated by such Security Agreement.

 

“Senior Secured
Leverage Ratio” means, with respect to any Test Period, the ratio of (a) Consolidated Total Debt secured by the Collateral
to (b) Consolidated EBITDA of the Parent, the Borrower and the Restricted Subsidiaries for such Test Period.

 

“SOFR”
with respect to any Business Day means the secured overnight financing rate published for such day by the Federal Reserve Bank
of New York, as the administrator of the benchmark (or a successor administrator) on the Federal Reserve Bank of New York’s
website (or any successor source) at approximately 8:00 a.m. (New York City time) on the immediately succeeding Business Day and,
in each case, that has been selected or recommended by the Relevant Governmental Body.

 

“Sold Entity
or Business” has the meaning specified in the definition of the term “Consolidated EBITDA.”

 

“Solvent”
and “Solvency” mean, with respect to any Person on any date of determination, that on such date (i) the fair
value of the property of such Person is greater than the total amount of debts and liabilities, contingent, subordinated or otherwise,
of such Person, (ii) the present fair salable value of the assets of such Person is not less than the amount that will be required
to pay the liability of such Person on its debts as they become absolute and matured, (iii) such Person will be able to pay its
debts and liabilities, subordinated, contingent or otherwise, as they become absolute and matured and (iv) such Person is not
engaged in business or a transaction, and is not about to engage in business or a transaction, for which such Person’s property
would constitute an unreasonably small capital; provided that the amount of contingent liabilities at any time shall be
computed as the amount that, in light of all the facts and circumstances existing at such time, represents the amount that can
reasonably be expected to become an actual or matured liability.

 

“SPC”
has the meaning specified in Section 10.07(h).

 

“Specified
Acquisition Agreement Representations” means such representations and warranties made by the Target or its affiliates
in the Acquisition Agreement as are material to the interests of the Lenders, but only to the extent that the Borrower (or its
affiliates) have the right to terminate the Borrower’s (or its affiliates’) obligations under the Acquisition Agreement,
or to decline to consummate the Acquisition, as a result of a breach of such representations and warranties in the Acquisition
Agreement, as applicable.

 

    -45-

     

    

 

“Specified
Assets” means non-core assets having an aggregate fair market value (as determined in good faith by the Borrower)
that is not in excess of $15,000,000.

 

“Specified
Communications” has the meaning set forth in Section 10.02(g).

 

“Specified
Dispositions” means a Disposition of Specified Assets.

 

“Specified
Event of Default” means an Event of Default pursuant to Sections 8.01(a), 8.01(f) or 8.01(g)
(in the case of Section 8.01(f) or 8.01(g), with respect to the Parent or the Borrower).

 

“Specified
Representations” means the representations and warranties of the Borrower set forth in Sections 5.01(a),
5.01(b)(ii), 5.02(a) (relating to execution, delivery and performance of the Loan Documents), 5.02(b)(i)
(relating to execution, delivery and performance of the Loan Documents, incurrence of the indebtedness and granting of guarantees
and provisions of Collateral), 5.04, 5.12, 5.15, 5.16 (subject to the paragraph at the end of Section
4.01) and 5.18 (limited to the use of proceeds of the Loans on the Closing Date).

 

“Specified
Transaction” means any Investment, Disposition, incurrence or repayment of Indebtedness, Restricted Payment or Subsidiary
designation that by the terms of this Agreement requires such test to be calculated on a “Pro Forma Basis” or after
giving “Pro Forma Effect”; provided at the Borrower’s sole election that any such Specified Transaction
(other than a Restricted Payment) having an aggregate value of less than $10,000,000 shall not be calculated on a “Pro Forma
Basis” or after giving “Pro Forma Effect.”

 

“Subordinated
Debt” means Indebtedness incurred by a Loan Party that is subordinated in right of payment to the prior payment
of all Obligations of such Loan Party under the Loan Documents.

 

“Subsidiary”
of a Person means a corporation, company, partnership, joint venture, limited liability company or other business entity of which
a majority of the shares of securities or other interests having ordinary voting power for the election of directors or other
governing body (other than securities or interests having such power only by reason of the happening of a contingency) are at
the time beneficially owned, or the management of which is otherwise controlled, directly or indirectly, through one or more intermediaries,
or both, by such Person. Unless otherwise specified, all references herein to a “Subsidiary” or to “Subsidiaries”
shall refer to a Subsidiary or Subsidiaries of the Parent.

 

“Subject Parent”
has the meaning specified in Section 7.04(h).

 

“Subsidiary
Guarantor” means, collectively, the Subsidiaries of the Parent (other than the Borrower) that are Guarantors.

 

“Successor
Borrower” has the meaning specified in Section 7.04(d).

 

“Successor
Holdings” has the meaning specified in Section 7.04(h).

 

“Supplemental
Administrative Agent” has the meaning specified in Section 9.13(a) and “Supplemental Administrative
Agents” shall have the corresponding meaning.

 

“Supported
QFC” has the meaning specified in Section 10.27.

 

    -46-

     

    

 

“Swap Contract”
means (a) any and all rate swap transactions, basis swaps, credit derivative transactions, forward rate transactions, commodity
swaps, commodity options, forward commodity contracts, equity or equity index swaps or options, bond or bond price or bond index
swaps or options or forward bond or forward bond price or forward bond index transactions, interest rate options, forward foreign
exchange transactions, cap transactions, floor transactions, collar transactions, currency swap transactions, cross-currency rate
swap transactions, currency options, spot contracts, or any other similar transactions or any combination of any of the foregoing
(including any options to enter into any of the foregoing), whether or not any such transaction is governed by or subject to any
master agreement, and (b) any and all transactions of any kind, and the related confirmations, which are subject to the terms
and conditions of, or governed by, any form of master agreement published by the International Swaps and Derivatives Association,
Inc., any International Foreign Exchange Master Agreement, or any other master agreement (any such master agreement, together
with any related schedules, a “Master Agreement”), including any such obligations or liabilities under any
Master Agreement.

 

“Swap Termination
Value” means, in respect of any one or more Swap Contracts, after taking into account the effect of any legally enforceable
netting agreement relating to such Swap Contracts, (a) for any date on or after the date such Swap Contracts have been closed
out and termination value(s) determined in accordance therewith, such termination value(s), and (b) for any date prior to the
date referenced in clause (a), the amount(s) determined as the mark to market value(s) for such Swap Contracts, as determined
by a recognized dealer in such Swap Contracts (which may include a Lender or any Affiliate of a Lender) in accordance with the
terms thereof and in accordance with customary methods for calculating mark-to-market values under similar arrangements by a recognized
dealer in such Swap Contracts (which may include a Lender or any Affiliate of a Lender).

 

“Target”
has the meaning specified in the preliminary statements to this Agreement.

 

“Taxes”
means all present or future taxes, duties, levies, imposts, deductions, assessments, withholdings or similar charges in the nature
of a tax imposed by any Governmental Authorities, and all liabilities (including additions to tax, penalties and interest) with
respect thereto.

 

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

 

“Term SOFR”
means the forward-looking term rate for any period that is approximately (as determined by the Administrative Agent) as long as
any of the Interest Period options set forth in the definition of “Interest Period” and that is based on SOFR and
that has been selected or recommended by the Relevant Governmental Body, in each case as published on an information service as
selected by the Administrative Agent from time to time in its reasonable discretion.

 

“Test
Period” means, at any date of determination, the most recently completed four consecutive fiscal quarters of the Borrower
ending on or prior to such date for which financial statements have been or are required to be delivered pursuant to Section
4.01, Section 6.01(a) or 6.01(b).

 

“Threshold
Amount” means $20,000,000.

 

“Total Cap”
means 6.25% per annum.

 

“Total
Leverage Ratio” means, with respect to any Test Period, the ratio of (a) Consolidated Total Debt as of the last day
of such Test Period to (b) Consolidated EBITDA of the Parent, the Borrower and the Restricted Subsidiaries for such Test
Period.

 

“Total Outstandings”
means the aggregate Outstanding Amount of all Loans.

 

    -47-

     

    

 

“Transaction”
means, collectively, (a) the execution and delivery of the Loan Documents and the funding of the Bridge Loans hereunder (or the
execution and delivery of documentation in connection with and the funding of any component of the Permanent Financing in lieu
thereof), (b) the consummation of the Acquisition and (c) the payment of Transaction Expenses.

 

“Transaction
Expenses” means any fees or expenses incurred or paid by the Parent, the Borrower, or any Restricted Subsidiary in connection
with the Transaction and the transactions contemplated in connection therewith.

 

“Type”
means, with respect to a Loan, its character as a Base Rate Loan or a Eurocurrency Rate Loan.

 

“U.S. Special
Resolution Regimes” has the meaning specified in Section 10.27.

 

“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 subject to 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.

 

“Unaudited
Financial Statements” means (i) the unaudited Consolidated balance sheets and Consolidated statements of income and
cash flows of the Borrower and its Restricted Subsidiaries as of and for the nine months ended September 30, 2020 and September
30, 2019 and (ii) the unaudited Consolidated balance sheets and Consolidated statements of income and cash flows of the Company
Entities (as defined in the Acquisition Agreement) as of and for the nine months ended September 30, 2020 and September 30, 2019.

 

“Undisclosed
Administration” means in relation to a Lender or its parent company the appointment of an administrator, provisional
liquidator, conservator, receiver, trustee, custodian or other similar official by a supervisory authority or regulator under
or based on the law in the country where such Lender or such parent company is subject to home jurisdiction supervision if applicable
law requires that such appointment is not to be publicly disclosed.

 

“Uniform Commercial
Code” or “UCC” means the Uniform Commercial Code as the same may from time to time be in effect in
the State of New York or the Uniform Commercial Code (or similar code or statute) of another jurisdiction, to the extent it may
be required to apply to any item or items of Collateral.

 

“United States”
and “U.S.” mean the United States of America.

 

“United
States Tax Compliance Certificate” has the meaning specified in Section 3.01.

 

“Unrestricted
Subsidiary” means (i) each Subsidiary of the Parent listed on Schedule 1.01B, (ii) any Subsidiary
of the Parent designated by the Borrower as an Unrestricted Subsidiary pursuant to Section 6.13 subsequent to the date
hereof, provided that no Intermediate Holding Company or the Borrower may be designated as an Unrestricted Subsidiary, and (iii)
any Subsidiary of an Unrestricted Subsidiary.

 

    -48-

     

    

 

“USA PATRIOT
Act” means The Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism
Act of 2001 (Title III of Pub. L. No. 107-56 (signed into law October 26, 2001)), as amended or modified from time to time.

 

“Weighted Average
Life to Maturity” means, when applied to any Indebtedness at any date, the number of years obtained by dividing: (i)
the sum of the products obtained by multiplying (a) the amount of each then remaining installment, sinking fund, serial maturity
or other required payments of principal, including payment at final maturity, in respect thereof, by (b) the number of years (calculated
to the nearest one-twelfth) that will elapse between such date and the making of such payment by (ii) the then outstanding principal
amount of such Indebtedness.

 

“Wholly Owned”
means, with respect to a Subsidiary of a Person, a Subsidiary of such Person all of the outstanding Equity Interests of which
(other than (x) director’s qualifying shares and (y) shares issued to foreign nationals to the extent required by applicable
Law) are owned by such Person and/or by one or more wholly owned Subsidiaries of such Person.

 

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

 

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

 

Section
1.02                     Other
Interpretive Provisions. With reference to this
Agreement and each other Loan Document, unless otherwise specified herein or in such other Loan Document:

 

(a)               
The meanings of defined terms are equally applicable to the singular and plural forms of the defined terms.

 

(b)               
(i) The words “herein,” “hereto,” “hereof” and “hereunder”
and words of similar import when used in any Loan Document shall refer to such Loan Document as a whole and not to any particular
provision thereof.

 

(ii)              
Article, Section, Exhibit and Schedule references are to the Loan Document in which such reference appears.

 

(iii)            
The term “including” is by way of example and not limitation.

 

(iv)             
The term “documents” includes any and all instruments, documents, agreements, certificates, notices,
reports, financial statements and other writings, however evidenced, whether in physical or electronic form.

 

    -49-

     

    

 

(c)               
In the computation of periods of time from a specified date to a later specified date, the word “from”
means “from and including”; the words “to” and “until” each mean “to
but excluding”; and the word “through” means “to and including.”

 

(d)               
Section headings herein and in the other Loan Documents are included for convenience of reference only and shall not affect
the interpretation of this Agreement or any other Loan Document.

 

Section
1.03                     Accounting
Terms.

 

(a)               
All accounting terms not specifically or completely defined herein shall be construed in conformity with, and all financial
data (including financial ratios and other financial calculations) required to be submitted pursuant to this Agreement shall be
prepared in conformity with, GAAP, applied in a manner consistent with that used in preparing the Audited Financial Statements,
except as otherwise specifically prescribed herein.

 

(b)               
Notwithstanding anything to the contrary herein, for purposes of determining compliance with any test contained in this
Agreement with respect to any period during which any Specified Transaction occurs, the Total Leverage Ratio, the First Lien Senior
Secured Leverage Ratio and the Senior Secured Leverage Ratio shall be calculated with respect to such period and such Specified
Transaction on a Pro Forma Basis.

 

(c)               
Where reference is made to “the Parent, the Borrower and the Restricted Subsidiaries on a consolidated basis”
or similar language, such consolidation shall not include any Subsidiaries of the Parent other than Restricted Subsidiaries.

 

(d)               
In the event that the Borrower elects to prepare its financial statements in accordance with IFRS and such election results
in a change in the method of calculation of financial covenants, standards or terms (collectively, the “Accounting Changes”)
in this Agreement, the Borrower and the Administrative Agent agree to enter into good faith negotiations in order to amend such
provisions of this Agreement (including the levels applicable herein to any computation of the Total Leverage Ratio, the First
Lien Senior Secured Leverage Ratio and the Senior Secured Leverage Ratio) so as to reflect equitably the Accounting Changes with
the desired result that the criteria for evaluating the Parent’s and the Borrower’s financial condition shall be substantially
the same after such change as if such change had not been made. Until such time as such an amendment shall have been executed
and delivered by the Borrower, the Administrative Agent and the Required Lenders, all financial covenants, standards and terms
in this Agreement shall continue to be calculated or construed in accordance with GAAP (as determined in good faith by a Responsible
Officer of the Borrower) (it being agreed that the reconciliation between GAAP and IFRS used in such determination shall be made
available to Lenders) as if such change had not occurred.

 

Section
1.04                     Rounding.
Any financial ratios required to be satisfied in order for a specific action to be permitted under this Agreement shall be calculated
by dividing the appropriate component by the other component, carrying the result to one place more than the number of places
by which such ratio is expressed herein and rounding the result up or down to the nearest number (with a rounding-up if there
is no nearest number).

 

Section
1.05                     References
to Agreements, Laws, Etc. Unless otherwise expressly
provided herein, (a) references to Organization Documents, agreements (including the Loan Documents) and other contractual instruments
shall be deemed to include all subsequent amendments, restatements, extensions, supplements and other modifications thereto, but
only to the extent that such amendments, restatements, extensions, supplements and other modifications are permitted by any Loan
Document; (b) references to any Law shall include all statutory and regulatory provisions consolidating, amending, replacing,
supplementing or interpreting such Law; and (c) any reference herein to any Person shall be construed to include such Person’s
successors and permitted assigns.

 

    -50-

     

    

 

Section
1.06                     Times
of Day. Unless otherwise specified, all references
herein to times of day shall be references to Eastern time (daylight or standard, as applicable).

 

Section
1.07                     Timing
of Payment or Performance. When the payment of any
obligation or the performance of any covenant, duty or obligation is stated to be due or performance required on a day which is
not a Business Day, the date of such payment (other than as described in the definition of Interest Period) or performance shall
extend to the immediately succeeding Business Day.

 

Section
1.08                     Currency
Equivalents Generally.

 

(a)               
Any amount specified in this Agreement (other than in Article II, Article IX and Article X or
as set forth in paragraph (b) or (c) of this Section) or any of the other Loan Documents to be in Dollars shall
also include the dollar equivalent of such amount in any currency other than Dollars.

 

(b)               
Notwithstanding the foregoing, for purposes of determining compliance with Sections 7.01, 7.02 and 7.03
with respect to any amount of any Liens, Indebtedness or Investment in a currency other than Dollars, no Default shall be
deemed to have occurred solely as a result of changes in rates of exchange occurring after the time such Lien, Indebtedness or
Investment is incurred; provided that, for the avoidance of doubt, the foregoing provisions of this Section 1.08
shall otherwise apply to such Sections, including with respect to determining whether any Indebtedness or Investment may be incurred
at any time under such Sections.

 

(c)               
For purposes of determining compliance under Sections 7.02, 7.05 and 7.06, any amount in a currency
other than Dollars will be converted to Dollars in a manner consistent with that used in calculating net income in the annual
financial statements delivered pursuant to Section 6.01(a); provided, however, that the foregoing shall not
be deemed to apply to the determination of any amount of Indebtedness.

 

(d)               
For purposes of determining compliance with any restriction on the incurrence of Indebtedness, the Dollar equivalent of
the principal amount of Indebtedness denominated in a foreign currency shall be calculated based on the exchange rate in effect
on the date such Indebtedness was incurred, in the case of term debt, or first committed, in the case of revolving credit debt;
provided that if such Indebtedness is incurred to extend, replace, refund, refinance, renew or defease other Indebtedness
denominated in a foreign currency, and such extension, replacement, refunding, refinancing, renewal or defeasance would cause
the applicable restriction to be exceeded if calculated at the relevant currency exchange rate in effect on the date of such extension,
replacement, refunding, refinancing, renewal or defeasance, such restriction shall be deemed not to have been exceeded so long
as the principal amount of such refinancing Indebtedness does not exceed the principal amount of such Indebtedness being extended,
replaced, refunded, refinanced, renewed or defeased.

 

    -51-

     

    

 

Section
1.09                     Certain
Calculations and Tests.

 

(a)               
Notwithstanding anything in this Agreement or any Loan Document to the contrary, when calculating any applicable ratio
or determining other compliance with this Agreement (including the determination of compliance with any provision of this Agreement
which requires that no Default or Event of Default has occurred, is continuing or would result therefrom) in connection with a
Specified Transaction undertaken in connection with the consummation of a Limited Condition Transaction, the date of determination
of such ratio or other applicable covenant and determination of whether any Default or Event of Default has occurred, is continuing
or would result therefrom or other applicable covenant, shall, at the option of the Borrower (the Borrower’s election to
exercise such option in connection with any Limited Condition Transaction, an “LCA Election”), be deemed to
be either (i) the date that the definitive agreements for such Limited Condition Transaction are entered into or (ii) solely in
connection with an acquisition to which the United Kingdom City Code on Takeovers and Mergers (the “City Code”)
applies, the date on which a “Rule 2.7 announcement” of a firm intention to make an offer in respect of a target company
is made in compliance with the City Code (in each case, the “LCA Test Date”) and if, after such ratios and
other provisions are measured on a Pro Forma Basis after giving effect to such Limited Condition Transaction and the other Specified
Transactions to be entered into in connection therewith and the use of proceeds thereof as if they occurred at the beginning of
the four consecutive fiscal quarter period being used to calculate such financial ratio ending prior to the LCA Test Date, the
Borrower could have taken such action on the relevant LCA Test Date in compliance with such ratios and provisions, such provisions
shall be deemed to have been complied with. For the avoidance of doubt, (x) if any of such ratios are exceeded as a result of
fluctuations in such ratio (including due to fluctuations in Consolidated EBITDA of the Parent, the Borrower and the Restricted
Subsidiaries) at or prior to the consummation of the relevant Limited Condition Transaction, such ratios and other provisions
will not be deemed to have been exceeded as a result of such fluctuations solely for purposes of determining whether the Limited
Condition Transaction is permitted hereunder and (y) such ratios and other provisions shall not be tested at the time of consummation
of such Limited Condition Transaction or related Specified Transactions. If the Borrower has made an LCA Election for any Limited
Condition Transaction, then in connection with any subsequent calculation of any ratio or basket availability with respect to
any other Specified Transaction on or following the relevant LCA Test Date and prior to the earlier of the date on which such
Limited Condition Transaction is consummated or the date that the definitive agreement for, or “Rule 2.7 announcement”
in respect of, as applicable, such Limited Condition Transaction is terminated or expires without consummation of such Limited
Condition Transaction, any such ratio or basket shall be calculated on a Pro Forma Basis assuming such Limited Condition Transaction
and other transactions in connection therewith (including any incurrence of Indebtedness and the use of proceeds thereof) have
been consummated.

 

(b)               
Notwithstanding anything to the contrary herein, with respect to any amounts incurred or transactions entered into (or
consummated) in reliance on a provision of this Agreement that does not require compliance with a financial ratio or test (including,
without limitation, pro forma compliance with any First Lien Senior Secured Leverage Ratio test, any Total Leverage Ratio test
and/or Senior Secured Leverage Ratio test (any such amounts, the “Fixed Amounts”)) substantially concurrently
with any amounts incurred or transactions entered into (or consummated) in reliance on a provision of this Agreement that requires
compliance with any such financial ratio or test (any such amounts, the “Incurrence Based Amounts”), it is
understood and agreed that (i) the Fixed Amounts (and any cash proceeds thereof) and (ii) any Indebtedness resulting from borrowings
under the ABL Facility which occur concurrently or substantially concurrently with the incurrence of the Incurrence Based Amounts
shall, in each case, be disregarded in the calculation of the financial ratio or test applicable to the Incurrence Based Amounts
in connection with such substantially concurrent incurrence, except that incurrences of Indebtedness and Liens constituting Fixed
Amounts shall be taken into account for purposes of Incurrence Based Amounts contained in Section 7.06 or Section 7.08.

 

Section
1.10                     Inability
to Determine Rates.

 

(a)               
Notwithstanding anything to the contrary in this Agreement or any other Loan Documents, if the Administrative Agent determines
(which determination shall be conclusive absent manifest error), or the Borrower or Required Lenders notify the Administrative
Agent (with, in the case of the Required Lenders, a copy to the Borrower) that the Borrower or Required Lenders (as applicable)
have determined, that:

 

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(i)                
adequate and reasonable means do not exist for ascertaining LIBOR for any Interest Period hereunder or any other tenors
of LIBOR, including, without limitation, because the LIBOR Screen Rate is not available or published on a current basis and such
circumstances are unlikely to be temporary; or

 

(ii)              
the administrator of the LIBOR Screen Rate or a Governmental Authority having jurisdiction over the Administrative Agent
or such administrator has made a public statement identifying a specific date after which LIBOR or the LIBOR Screen Rate shall
no longer be made available, or used for determining the interest rate of loans, provided that, at the time of such statement,
there is no successor administrator that is satisfactory to the Administrative Agent, that will continue to provide LIBOR after
such specific date (such specific date, the “Scheduled Unavailability Date”); or

 

(iii)            
the administrator of the LIBOR Screen Rate or a Governmental Authority having jurisdiction over such administrator has
made a public statement announcing that all Interest Periods and other tenors of LIBOR are no longer representative; or

 

(iv)             
syndicated loans currently being executed, or that include language similar to that contained in this Section 1.10, are
being executed or amended (as applicable) to incorporate or adopt a new benchmark interest rate to replace LIBOR;

 

then,
in the case of clauses (i)-(iii) above, on a date and time determined by the Administrative Agent (any such date, the “LIBOR
Replacement Date”), which date shall be at the end of an Interest Period or on the relevant interest payment date, as
applicable, for interest calculated and shall occur reasonably promptly upon the occurrence of any of the events or circumstances
under clauses (i), (ii) or (iii) above and, solely with respect to clause (ii) above, no later than the Scheduled Unavailability
Date, LIBOR will be replaced hereunder and under any Loan Document with, subject to the proviso below, the first available alternative
set forth in the order below for any payment period for interest calculated that can be determined by the Administrative Agent,
in each case, without any amendment to, or further action or consent of any other party to, this Agreement or any other Loan Document
(the “LIBOR Successor Rate”; and any such rate before giving effect to the Related Adjustment, the “Pre-Adjustment
Successor Rate”):

 

(x)       Term
SOFR plus the Related Adjustment; and

 

(y)        SOFR
plus the Related Adjustment;

 

and
in the case of clause (iv) above, the Borrower and Administrative Agent may amend this Agreement solely for the purpose
of replacing LIBOR under this Agreement and under any other Loan Document in accordance with the definition of “LIBOR Successor
Rate” and such amendment will become effective at 5:00 p.m., on the fifth Business Day after the Administrative Agent shall
have notified all Lenders and the Borrower of the occurrence of the circumstances described in clause (iv) above unless, prior
to such time, Lenders comprising the Required Lenders have delivered to the Administrative Agent written notice that such Required
Lenders object to the implementation of a LIBOR Successor Rate pursuant to such clause;

 

provided
that, if the Administrative Agent determines that Term SOFR has become available, is administratively feasible for
the Administrative Agent and would have been identified as the Pre-Adjustment Successor Rate in accordance with the foregoing
if it had been so available at the time that the LIBOR Successor Rate then in effect was so identified, and the Administrative
Agent notifies the Borrower and each Lender of such availability, then from and after the beginning of the Interest Period, relevant
interest payment date or payment period for interest calculated, in each case, commencing no less than thirty (30) days after
the date of such notice, the Pre-Adjustment Successor Rate shall be Term SOFR and the LIBOR Successor Rate shall be Term SOFR
plus the relevant Related Adjustment.

 

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.

The Administrative Agent
will promptly (in one or more notices) notify the Borrower and each Lender of (x) any occurrence of any of the events, periods
or circumstances under clauses (i) through (iii) above, (y) a LIBOR Replacement Date and (z) the LIBOR Successor Rate.

 

Any LIBOR Successor
Rate shall be applied in a manner consistent with market practice; provided that to the extent such market practice is
not administratively feasible for the Administrative Agent, such LIBOR Successor Rate shall be applied in a manner as otherwise
reasonably determined by the Administrative Agent.

 

Notwithstanding anything
else herein, if at any time any LIBOR Successor Rate as so determined would otherwise be less than 0.00%, the LIBOR Successor
Rate will be deemed to be 0.00% for the purposes of this Agreement and the other Loan Documents.

 

In connection with the
implementation of a LIBOR Successor Rate, the Administrative Agent will have the right to make LIBOR Successor Rate Conforming
Changes from time to time and, notwithstanding anything to the contrary herein or in any other Loan Document, any amendments implementing
such LIBOR Successor Rate Conforming Changes will become effective without any further action or consent of any other party to
this Agreement; provided that, with respect to any such amendment effected, the Administrative Agent shall post each such
amendment implementing such LIBOR Successor Rate Conforming Changes to the Borrower and the Lenders reasonably promptly after
such amendment becomes effective.

 

If the events or circumstances
of the type described in 1.10(a)(i)-(iii) have occurred with respect to the LIBOR Successor Rate then in effect, then the successor
rate thereto shall be determined in accordance with the definition of “LIBOR Successor Rate.”

 

(b)               
Notwithstanding anything to the contrary herein, (i) after any such determination by the Administrative Agent or receipt
by the Administrative Agent of any such notice described under Section 1.10(a)(i)-(iii), as applicable, if the Administrative
Agent determines that none of the LIBOR Successor Rates is available on or prior to the LIBOR Replacement Date, (ii) if the events
or circumstances described in Section 1.10(a)(iv) have occurred but none of the LIBOR Successor Rates is available, or (iii) if
the events or circumstances of the type described in Section 1.10(a)(i)-(iii) have occurred with respect to the LIBOR Successor
Rate then in effect and the Administrative Agent determines that none of the LIBOR Successor Rates is available, then in each
case, the Administrative Agent and the Borrower may amend this Agreement solely for the purpose of replacing LIBOR or any then
current LIBOR Successor Rate in accordance with this Section 1.10 at the end of any Interest Period, relevant interest payment
date or payment period for interest calculated, as applicable, with another alternate benchmark rate giving due consideration
to any evolving or then existing convention for similar U.S. dollar denominated syndicated credit facilities for such alternative
benchmarks and, in each case, including any Related Adjustments and any other mathematical or other adjustments to such benchmark
giving due consideration to any evolving or then existing convention for similar U.S. dollar denominated syndicated credit facilities
for such benchmarks, which adjustment or method for calculating such adjustment shall be published on an information service as
selected by the Administrative Agent from time to time in its reasonable discretion and may be periodically updated. For the avoidance
of doubt, any such proposed rate and adjustments shall constitute a LIBOR Successor Rate. Any such amendment shall become effective
at 5:00 p.m. on the fifth Business Day after the Administrative Agent shall have posted such proposed amendment to all Lenders
and the Borrower unless, prior to such time, Lenders comprising the Required Lenders have delivered to the Administrative Agent
written notice that such Required Lenders object to such amendment.

 

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(c)               
If, at the end of any Interest Period, relevant interest payment date or payment period for interest calculated, no LIBOR
Successor Rate has been determined in accordance with clauses (a) or (b) of this Section 1.10 and the circumstances under clauses
(a)(i) or (a)(iii) above exist or the Scheduled Unavailability Date has occurred (as applicable), the Administrative Agent will
promptly so notify the Borrower and each Lender. Thereafter, (x) the obligation of the Lenders to make or maintain Eurocurrency
Rate Loans shall be suspended, (to the extent of the affected Eurocurrency Rate Loans, Interest Periods, interest payment dates
or payment periods), and (y) the Eurocurrency Rate component shall no longer be utilized in determining the Base Rate, until the
LIBOR Successor Rate has been determined in accordance with clauses (a) or (b). Upon receipt of such notice, the Borrower may
revoke any pending request for a Borrowing of, conversion to or continuation of Eurocurrency Rate Loans (to the extent of the
affected Eurocurrency Rate Loans, Interest Periods, interest payment dates or payment periods) or, failing that, will be deemed
to have converted such request into a request for a Borrowing of Base Rate Loans (subject to the foregoing clause (y)) in the
amount specified therein.

 

ARTICLE
II

 

The Bridge Commitments
and Credit Extension

 

Section
2.01                     The
Borrowing. 

 

(a)               
Subject to the terms and conditions set forth herein, each Lender severally agrees to make to the Borrower a single loan
in Dollars in a principal amount equal to such Lender’s Bridge Commitment on the Closing Date. Amounts borrowed under this
Section 2.01 and repaid or prepaid may not be reborrowed. Bridge Loans may be Base Rate Loans or Eurocurrency Rate Loans,
as further provided herein.

 

(b)               
Subject to the terms and conditions set forth herein, the Borrower and each Lender severally agrees, if the Bridge Loans
have not been repaid in full on or prior to the Extension Date, that the then-outstanding principal amount of the Bridge Loans
shall automatically be converted into term loans (the “Extended Term Loans”) by the Borrower on the Extension
Date in an aggregate principal amount equal to the then-outstanding principal amount of the Bridge Loans.

 

Section
2.02                     Borrowing,
Conversions and Continuations of Loans.

 

(a)               
The Borrowing, each conversion of Bridge Loans from one Type to the other, and each continuation of Eurocurrency Rate Loans
shall be made upon the Borrower’s irrevocable notice, to the Administrative Agent, which may be given by telephone. Each
such notice must be received by the Administrative Agent substantially in the form attached hereto as Exhibit A or any
other form that may be approved by the Administrative Agent (including any form on an electronic platform or electronic transmission
system as shall be approved by the Administrative Agent, (i) in the case of a Eurocurrency Rate Loan, not later than 1:00 p.m.,
New York City time, three (3) Business Days before the date of the proposed Borrowing or (ii) in the case of a Base Rate Loan,
not later than 1:00 p.m., New York City time, on the Business Day of the proposed Borrowing; provided, however,
that if the Borrower wishes to request Eurocurrency Rate Loans having an Interest Period other than one, two, three or six months
in duration as provided in the definition of “Interest Period,” the applicable notice must be received by the Administrative
Agent not later than 11:00 a.m. four (4) Business Days prior to the requested date of such Borrowing, conversion or continuation,
whereupon the Administrative Agent shall give prompt notice to the Lenders of such request and determine whether the requested
Interest Period is acceptable to all of them. Not later than 11:00 a.m., three (3) Business Days before the requested date of
such Borrowing, conversion or continuation, the Administrative Agent shall notify the Borrower (which notice may be by telephone)
whether or not the requested Interest Period has been consented to by all the Lenders. Each telephonic notice by the Borrower
pursuant to this Section 2.02(a) must be confirmed promptly by hand delivery, telecopy or electronic transmission to the
Administrative Agent of a written Committed Loan Notice, appropriately completed and signed by a Responsible Officer of the Borrower.
The Borrowing of, and each conversion to or continuation of Eurocurrency Rate Loans shall be in a principal amount of $1,000,000
or a whole multiple of $100,000 in excess thereof. The Borrowing of and each conversion to Base Rate Loans shall be a minimum
of $500,000 (and any amount in excess thereof shall be an integral multiple of $100,000). Each Committed Loan Notice (whether
telephonic or written) shall specify (i) whether the Borrower is requesting a Borrowing, a conversion of Bridge Loans from one
Type to the other, or a continuation of Eurocurrency Rate Loans, (ii) the requested date of the Borrowing, conversion or continuation,
as the case may be (which shall be a Business Day), (iii) the principal amount of Bridge Loans to be borrowed, converted or continued,
(iv) the Type of Bridge Loans to be borrowed, (v) if applicable, the duration of the Interest Period with respect thereto and
(vi) the location and number of the Borrower’s account to which funds are to be disbursed, which shall comply with the requirements
of Section 2.02(b). If the Borrower fails to specify a Type of Bridge Loan in a Committed Loan Notice or fails to give
a timely notice requesting a conversion or continuation, then the Bridge Loans shall be made or continued as, or converted to
Base Rate Loans. Any such automatic conversion or continuation shall be effective as of the last day of the Interest Period then
in effect with respect to the applicable Eurocurrency Rate Loans. If the Borrower requests a Borrowing of, conversion to, or continuation
of Eurocurrency Rate Loans in any such Committed Loan Notice, but fail to specify an Interest Period, it will be deemed to have
specified an Interest Period of one (1) month. For the avoidance of doubt, the Borrower and Lenders acknowledge and agree that
any conversion or continuation of an existing Loan shall be deemed to be a continuation of that Loan with a converted interest
rate methodology and not a new Loan.

 

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(b)               
Following receipt of a Committed Loan Notice, the Administrative Agent shall promptly notify each Lender of the amount
of its Applicable Percentage of the Loans, and if no timely notice of a conversion or continuation is provided by the Borrower,
the Administrative Agent shall notify each Lender of the details of any automatic conversion to Base Rate Loans or continuation
described in Section 2.02(a). In the case of such Borrowing, each Lender shall make (or cause its Applicable Lending Office
to make) the amount of its Loan available to the Administrative Agent in immediately available funds at the Administrative Agent’s
Office for the applicable currency not later than 1:00 p.m. on the Business Day specified in the Committed Loan Notice. Upon
satisfaction of the applicable conditions set forth in Section 4.01, the Administrative Agent shall, not later than 3:00
p.m. on the borrowing date specified in such Committed Loan Notice, make all funds so received available to the Borrower in like
funds as received by the Administrative Agent either by (i) crediting the account of the Borrower maintained with the Administrative
Agent with the amount of such funds or (ii) wire transfer of such funds, in each case in accordance with instructions provided
to (and reasonably acceptable to) the Administrative Agent by the Borrower.

 

(c)               
Except as otherwise provided herein, a Eurocurrency Rate Loan may be continued or converted only on the last day of an
Interest Period for such Eurocurrency Rate Loan unless the Borrower pays the amount due, if any, under Section 3.04 in
connection therewith. During the existence of an Event of Default, the Administrative Agent or the Required Lenders may require
that (i) no Loans may be converted to or continued as Eurocurrency Rate Loans and (ii) unless repaid, each Eurocurrency Rate Loan
shall be converted to a Base Rate Loan at the end of the Interest Period applicable thereto.

 

(d)               
The Administrative Agent shall promptly notify the Borrower and the Lenders of the interest rate applicable to any Interest
Period for Eurocurrency Rate Loans upon determination of such interest rate. The determination of the Eurocurrency Rate by the
Administrative Agent shall be conclusive in the absence of manifest error.

 

(e)               
[Reserved].

 

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(f)                
Unless the Administrative Agent shall have received notice from a Lender prior to the date of the Borrowing, or, in the
case of the Borrowing of Base Rate Loans, prior to 1:00 p.m., New York City time, on the date of such Borrowing, that such Lender
will not make available to the Administrative Agent such Lender’s Applicable Percentage of such Borrowing, the Administrative
Agent may assume that such Lender has made such Applicable Percentage available to the Administrative Agent on the date of such
Borrowing in accordance with clause (b) above, and the Administrative Agent may, in reliance upon such assumption, make
available to the Borrower on such date a corresponding amount. If the Administrative Agent shall have so made funds available,
then, to the extent that such Lender shall not have made such portion available to the Administrative Agent, each of such Lender
and the Borrower severally agrees to repay to the Administrative 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 Administrative Agent at (a) in the case of the Borrower, the interest rate applicable at the time to the Loans comprising
such Borrowing and (b) in the case of such Lender, the greater of (x) the Federal Funds Rate and (y) a rate determined by the
Administrative Agent in accordance with banking industry rules on interbank compensation, plus any administrative, processing
or similar fees customarily charged by the Administrative Agent in accordance with the foregoing. A certificate of the Administrative
Agent submitted to any Lender with respect to any amounts owing under this Section 2.02(f) shall be conclusive in the absence
of demonstrable error. If the Borrower and such Lender shall both pay all or any portion of the principal amount in respect of
such Borrowing or interest to the Administrative Agent for the same or an overlapping period, the Administrative Agent shall promptly
remit to the Borrower the amount of such Borrowing or interest paid by the Borrower for such period. If such Lender pays its share
of the Borrowing to the Administrative Agent, then the amount so paid shall constitute such Lender’s Loan included in such
Borrowing. Any payment by the Borrower shall be without prejudice to any claim the Borrower may have against a Lender that shall
have failed to make such payment to the Administrative Agent.

 

Section
2.03                     [Reserved].

 

Section
2.04                     [Reserved].

 

Section
2.05                     Prepayments.

 

(a)               
Optional Prepayments. (i) The Borrower may, upon notice to the Administrative Agent by the Borrower, at any time
or from time to time voluntarily prepay the Borrowing of any Loans in whole or in part without premium or penalty; provided
that (1) such notice must be received by the Administrative Agent not later than 1:00 p.m., New York City time (A) three
(3) Business Days prior to any date of prepayment of Eurocurrency Rate Loans and (B) one (1) Business Day prior to the date of
prepayment of Base Rate Loans, (2) any prepayment of Eurocurrency Rate Loans shall be in a principal amount of $1,000,000 or a
whole multiple of $100,000 in excess thereof or, in each case, the entire principal amount thereof then outstanding, (3) any prepayment
of Base Rate Loans shall be in a principal amount of $500,000 or a whole multiple of $100,000 in excess thereof or, in each case,
the entire principal amount thereof then outstanding and (4) if after giving effect to any such prepayment during the Bridge Period,
the aggregate principal amount of Bridge Loans outstanding would be less than $40,000,000, then the Borrower shall prepay all
remaining Bridge Loans in accordance with this paragraph. Each such notice shall specify the date and amount of such prepayment
and Type of Loans to be prepaid. The Administrative Agent will promptly notify each Lender of its receipt of each such notice,
and of the amount of such Lender’s Applicable Percentage of such prepayment. If such notice is given by the Borrower, the
Borrower shall make such prepayment and the payment amount specified in such notice shall be due and payable on the date specified
therein. Any prepayment of a Eurocurrency Rate Loan shall be accompanied by all accrued interest thereon, together with any additional
amounts required pursuant to Section 3.04. Each prepayment of the Loans pursuant to this Section 2.05(a) shall be
paid to the Lenders in accordance with their respective Applicable Percentages.

 

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(ii)              
[Reserved].

 

(iii)            
Notwithstanding anything to the contrary contained in this Agreement, the Borrower may rescind any notice of prepayment
under Section 2.05(a) if such prepayment would have resulted from a refinancing of all of the Loans, which refinancing
shall not be consummated or shall otherwise be delayed.

 

(iv)             
[Reserved].

 

(b)               
Mandatory Prepayments.

 

(i)                
If during the Bridge Period there shall occur a Change of Control, the Borrower shall prepay in full all outstanding Bridge
Loans on the date of the Change of Control.

 

(ii)              
(A) Subject to Section 2.05(b)(ii)(B), if following the Closing Date (x) the Parent, the Borrower or any Restricted
Subsidiary Disposes of any property or assets (other than any Disposition of any property or assets permitted by Section 7.05(a),
(b), (c), (d) (to the extent constituting a Disposition to a Loan Party, by a Restricted Subsidiary that
is not a Loan Party, or pursuant to clause (iii) of the proviso thereto), (e), (f), (g), (j), (k),
(n), (o), (p), (q), (r) and (s)), or (y) any Casualty Event occurs, which in the aggregate
results in the realization or receipt by the Parent, the Borrower or any Restricted Subsidiary of Net Cash Proceeds, the Borrower
shall make a prepayment, in accordance with Section 2.05(b)(ii)(C), in an amount equal to an aggregate principal amount
of Loans equal to 100% (such percentage, the “Asset Percentage”) of all such Net Cash Proceeds realized or
received; provided that (1) no such prepayment shall be required pursuant to this Section 2.05(b)(ii)(A) (I) with
respect to such portion of such Net Cash Proceeds that the Borrower shall have, on or prior to such date, given written notice
to the Administrative Agent of its intent to reinvest in accordance with Section 2.05(b)(ii)(B) (which notice may only
be provided if no Event of Default has occurred and is then continuing) or (II) until the aggregate amount of Net Cash Proceeds
not reinvested in accordance with Section 2.05(b)(ii)(B) within the time periods set forth therein and not previously applied
to such a prepayment exceeds $10,000,000 for any single Disposition or series of related Dispositions or $20,000,000 in the aggregate
during such fiscal year (and thereafter only amounts in excess of such thresholds shall be required to be prepaid) and (2) if
at the time that any such prepayment would be required, the Parent, the Borrower or any of the Restricted Subsidiaries is required
to offer to repurchase or prepay any Indebtedness that is secured by a Lien ranking pari passu with the Liens securing the Obligations
pursuant to the terms of the documentation governing such Indebtedness with the Net Cash Proceeds of such Disposition or Casualty
Event (such Indebtedness required to be offered to be so repurchased or prepaid, “Other Applicable Indebtedness”),
then the Borrower may apply such Net Cash Proceeds on a pro rata basis (determined on the basis of the aggregate outstanding principal
amount of the Loans and Other Applicable Indebtedness at such time) to the prepayment of the Loans and to the repurchase or prepayment
of Other Applicable Indebtedness, and the amount of prepayment of the Loans that would have otherwise been required pursuant to
this Section 2.05(b)(ii)(A) shall be reduced accordingly.

 

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(B)             
With respect to any Net Cash Proceeds realized or received with respect to any Disposition (other than any Disposition specifically
excluded from the application of Section 2.05(b)(ii)(A)) or any Casualty Event, at the option of the Borrower, the Borrower
may reinvest an amount equal to all or any portion of such Net Cash Proceeds in assets useful for its business (other than working
capital, except for short-term capital assets but including Permitted Acquisitions and Capital Expenditures) within (x) twelve
(12) months following receipt of such Net Cash Proceeds or (y) if the Borrower enters into a commitment to reinvest such Net Cash
Proceeds within twelve (12) months following receipt thereof, one hundred eighty (180) days after the twelve (12) month period
that follows receipt of such Net Cash Proceeds; provided that if any Net Cash Proceeds are not so reinvested by the deadline
specified in clause (x) or (y) above, as applicable, or if any such Net Cash Proceeds are no longer intended to
be or cannot be so reinvested at any time after delivery of a notice of reinvestment election, an amount equal to the Asset Percentage
of any such Net Cash Proceeds shall be applied, in accordance with Section 2.05(b)(ii)(C), to the prepayment of the Loans
as set forth in this Section 2.05.

 

(C)             
On each occasion that the Borrower must make a prepayment of the Loans pursuant to this Section 2.05(b)(ii), the Borrower
shall, within five (5) Business Days after the date of realization or receipt of such Net Cash Proceeds in the minimum amount
specified above (or, in the case of prepayments required pursuant to Section 2.05(b)(ii)(B), within five (5) Business Days
of the deadline specified in clause (x) or (y) thereof, as applicable, or of the date the Borrower reasonably determines
that such Net Cash Proceeds are no longer intended to be or cannot be so reinvested, as the case may be), make a prepayment, in
accordance with Section 2.05(b)(vi) below, of the principal amount of Loans in an amount equal to the Asset Percentage
of such Net Cash Proceeds realized or received.

 

(iii)            
If, following the Closing Date, the Parent, the Borrower or any Restricted Subsidiary receives Net Cash Proceeds from any
(A) Permanent Financing, (B) Demand Securities (as defined in the Fee Letter), (C) Indebtedness pursuant to Section 7.03(w)
or (D) Indebtedness not expressly permitted to be incurred or issued pursuant to Section 7.03, the Borrower shall cause
to be prepaid an aggregate principal amount of Loans equal to 100% of such Net Cash Proceeds on or prior to the date which is
five (5) Business Days after the receipt of such Net Cash Proceeds; provided that if at the time that any prepayment with
respect to such Net Cash Proceeds would be required under this Section 2.05(b)(iii), the Parent, the Borrower or any of
the Restricted Subsidiaries is required to prepay any Indebtedness outstanding under the First Lien Credit Agreement pursuant
to the terms thereof with respect to such Net Cash Proceeds, then the Borrower may apply such Net Cash Proceeds to prepay Indebtedness
outstanding under the First Lien Credit Agreement, prior to the application of such Net Cash Proceeds to prepay the Loans under
this Section 2.05(b)(iii) and the amount of prepayment of the Loans that would otherwise have been required pursuant to
this Section 2.05(b)(iii) shall be reduced accordingly.

 

(iv)             
[Reserved].

 

(v)               
[Reserved].

 

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(vi)             
The Borrower shall notify the Administrative Agent in writing of any mandatory prepayment of Loans required to be made
pursuant to clauses (i), (ii), and (iii) of this Section 2.05(b) prior to 1:00 p.m. at least five
(5) Business Days (or such lesser number of Business Days as shall be acceptable to the Administrative Agent) on the date of such
prepayment. Each such notice shall specify the date of such prepayment and provide a reasonably detailed calculation of the amount
of such prepayment. The Administrative Agent will promptly notify each Lender of the contents of the Borrower’s prepayment
notice and of such Lender’s Applicable Percentage of the prepayment; provided that in the event any Lender or Affiliate
of a Lender purchases Demand Securities (as defined in the Fee Letter) from the Borrower pursuant to a “Securities Demand”
in the Fee Letter at a price above the level at which such Lender or Affiliate has reasonably determined such Demand Securities
can be resold by such Lender or Affiliate to a bona fide third party at the time of such purchase (and notifies the Borrower thereof),
the Net Cash Proceeds received by the Borrower in respect of such Demand Securities may, pursuant to clause (iii) above, at the
option of such Lender or Affiliate, be applied, first to prepay the Bridge Loans of such Lender or Affiliate prior to being applied
to prepay the Bridge Loans held by other Lenders. At any time on or following the Extension Date, each Lender may reject all of
its Applicable Percentage of any mandatory prepayment (such declined amounts, the “Declined Proceeds”) of Loans
required to be made pursuant to clauses (i) or (ii) of this Section 2.05(b) by providing written notice (each,
a “Rejection Notice”) to the Administrative Agent and the Borrower no later than 5:00 p.m. three (3) Business
Days after the date of such Lender’s receipt of notice from the Administrative Agent regarding such prepayment. Each Rejection
Notice from a given Lender shall specify the principal amount of the mandatory prepayment of Bridge Loans to be rejected by such
Lender. If a Lender fails to deliver a Rejection Notice to the Administrative Agent within the time frame specified above or such
Rejection Notice fails to specify the principal amount of the Loans to be rejected, any such failure will be deemed an acceptance
of the total amount of such mandatory repayment of Bridge Loans. Any Declined Proceeds shall be offered to the Lenders under the
First Lien Credit Agreement and such Lenders may decline pursuant to the terms set forth therein. Any Declined Proceeds also declined
under the First Lien Credit Agreement shall be retained by the Borrower (“Retained Declined Proceeds”).

 

(vii)           
[Reserved].

 

(viii)         
Notwithstanding any other provision of this Section 2.05(b), (i) to the extent that any or all of the Net Cash Proceeds
of any Disposition by a Restricted Subsidiary that is a Foreign Subsidiary otherwise giving rise to a prepayment pursuant to Section
2.05(b)(ii) (a “Restricted Disposition”), the Net Cash Proceeds of any Casualty Event of a Restricted Subsidiary
that is a Foreign Subsidiary (a “Restricted Casualty Event”) attributable to a Foreign Subsidiary would be
prohibited or delayed by applicable local law from being distributed or otherwise transferred to the Borrower, the Borrower shall
not be required to make a prepayment at the time provided in Section 2.05(b)(ii), as the case may be, for so long, but
only so long, as the applicable local law will not permit such distribution or transfer (the Borrower hereby agreeing to cause
the applicable Restricted Subsidiary to promptly take all commercially reasonable actions available under the applicable local
law to permit such repatriation), and once distribution or transfer of any of such affected Net Cash Proceeds is permitted under
the applicable local law, the amount of such Net Cash Proceeds permitted to be distributed or transferred (net of additional taxes
payable or reserved against as a result thereof) will be promptly (and in any event not later than two (2) Business Days after
such distribution or transfer is permitted) taken into account in measuring the Borrower’s obligation to repay the Bridge
Loans pursuant to this Section 2.05(b) to the extent provided herein and (ii) to the extent that the Borrower has determined
in good faith (as set forth in a written notice delivered to the Administrative Agent) that repatriation of any or all of the
Net Cash Proceeds of any Restricted Disposition or any Restricted Casualty Event attributable to a Foreign Subsidiary would have
a material adverse tax consequence (taking into account any foreign tax credit or benefit received in connection with such repatriation),
the amount of the Net Cash Proceeds so affected shall not be taken into account in measuring the Borrower’s obligation to
repay Bridge Loans pursuant to this Section 2.05(b). For the avoidance of doubt, Net Cash Proceeds (and related income)
excluded from application under Section 2.05(b)(ii) by operation of this Section 2.05(b)(viii) shall also be excluded
in any determinations of Restricted Payments permitted to be made pursuant to Section 7.06 (including, without limitation,
for purposes of clauses (b) and (f) of the definition of “Available Amount”).

 

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(ix)             
Notwithstanding any of the foregoing, if after giving effect to any prepayments pursuant to this Section 2.05(b),
the aggregate principal amount of Bridge Loans would be less than $40,000,000, the Borrower shall prepay all remaining Bridge
Loans.

 

(c)               
Interest, Funding Losses, Etc. All prepayments under this Section 2.05 shall be accompanied by all accrued
interest thereon, together with, in the case of any such prepayment of a Eurocurrency Rate Loan on a date other than the last
day of an Interest Period therefor, any amounts owing in respect of such Eurocurrency Rate Loan pursuant to Section 3.04.

 

(d)               
Change of Control Prepayment Offer.

 

(i)                
At any time on or following the Extension Date, the Borrower shall make an offer to prepay all of the Loans outstanding
pursuant to the offer described below (the “Change of Control Offer”) at a price in cash (the “Change
of Control Payment”) equal to 100.0% of the aggregate principal amount thereof plus accrued and unpaid interest to the
date of the prepayment. Within thirty (30) days following any Change of Control, the Borrower will send notice of such Change
of Control Offer to the Administrative Agent, and the Administrative Agent shall promptly notify each Lender in accordance with
Section 10.02, with the following information:

 

(A)              
that a Change of Control has occurred or will occur (together with the identification of the transaction or transactions that
constitute such Change of Control), that a Change of Control Offer is being made pursuant to this Section 2.05(d) and that
all Loans properly tendered pursuant to such Change of Control Offer will be accepted for payment by the Borrower;

 

(B)             
the prepayment price and date of prepayment, which will be no earlier than thirty (30) days nor later than sixty (60) days from
the date such notice is mailed or otherwise delivered (the “Change of Control Payment Date”);

 

(C)             
that any Loans not properly accepted for prepayment pursuant to this Section 2.05(d) will remain outstanding and continue
to accrue interest;

 

(D)              
that unless the Borrower defaults in the payment of the Change of Control Payment, all Loans accepted for prepayment pursuant
to the Change of Control Offer will cease to accrue interest on the Change of Control Payment Date;

 

(E)             
that Lenders electing to tender Loans pursuant to the Change of Control Offer will be required to notify the Administrative Agent
thereof prior to the close of business on the third Business Day preceding the Change of Control Payment Date;

 

(F)              
that the Lenders will be entitled to withdraw their election to require the Borrower to prepay such Loans, provided that
the Administrative Agent receives, not later than the close of business on the 30th day following the date of the Change of Control
Offer notice, a written notice setting forth the name of the Lender, the principal amount of Loans accepted for prepayment, and
a statement that such Lender is withdrawing its election to have such Loans prepaid; and

 

(G)              
if such notice is delivered prior to the occurrence of a Change of Control, stating that the Change of Control Offer is conditional
on the occurrence of such Change of Control.

 

(ii)              
On the Change of Control Payment Date, the Borrower will, to the extent permitted by law:

 

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(A)              
prepay all Loans, or portions thereof, accepted for prepayment in accordance with this Section 2.05(d) pursuant to the
Change of Control Offer by depositing with the Administrative Agent an amount equal to the aggregate Change of Control Payment
in respect of all Loans or portions thereof so accreted for prepayment,

 

(B)             
deliver, or cause to be delivered, to the Administrative Agent an officer’s certificate stating that such Loans or portions
thereof have been prepaid, and

 

(C)             
notwithstanding any of the foregoing, if after giving effect to any prepayments pursuant to this Section 2.05(d), the aggregate
principal amount of Loans would be less than $40,000,000, the Borrower shall prepay all remaining Loans.

 

Notwithstanding the
foregoing, the Borrower shall not be required to make a Change of Control Offer following a Change of Control if a third party
makes the Change of Control Offer in the manner, at the times and otherwise in compliance with the requirements of this Section
2.05(d) and prepays all Loans validly accepted for prepayment under such Change of Control Offer. Notwithstanding anything to
the contrary herein, a Change of Control Offer may be made in advance of a Change of Control, conditional upon such Change of
Control, if a definitive agreement is in place for the Change of Control at the time of making of the Change of Control Offer.

 

Section
2.06                     Termination
or Reduction of Bridge Commitments.

 

(a)               
[Reserved].

 

(b)               
Mandatory. The Bridge Commitment of each Lender shall be automatically and permanently reduced to $0 upon the making
of such Lender’s Bridge Loans pursuant to Section 2.01 on the Closing Date.

 

(c)               
[Reserved].

 

Section
2.07                     Conversion;
Repayment of Loans. The Bridge Loans will mature
on the Extension Date and, to the extent then unpaid, will automatically be converted into Extended Term Loans as set forth under
Section 2.01(b). The Borrower shall repay to the Administrative Agent for the ratable account of the Lenders on the Final
Maturity Date, the aggregate principal amount of all Extended Term Loans outstanding on such date.

 

Section
2.08                     Interest.

 

(a)               
Subject to the provisions of Section 2.08(b), (i) each Eurocurrency Rate Loan shall bear interest on the outstanding
principal amount thereof for each Interest Period at a rate per annum equal to the Eurocurrency Rate for such Interest Period
plus the Applicable Rate; (ii) each Base Rate Loan shall bear interest on the outstanding principal amount thereof from the applicable
borrowing date at a rate per annum equal to the Base Rate plus the Applicable Rate; provided that in the case of clauses
(i) and (ii), from and after the occurrence of a Demand Failure Event (as defined in the Fee Letter), the Bridge Loans shall bear
interest at a fixed rate per annum equal to the Total Cap; and (iii) each Extended Term Loan shall bear interest on the outstanding
principal amount thereof from the Extension Date at a fixed rate per annum equal to the Total Cap.

 

(b)               
The Borrower shall pay interest on past due amounts under this Agreement at a fluctuating interest rate per annum at all
times equal to the Default Rate to the fullest extent permitted by applicable Laws. Accrued and unpaid interest on past due amounts
(including interest on past due interest) shall be due and payable upon demand to the fullest extent permitted by and subject
to applicable Laws, including in relation to any required additional agreements.

 

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(c)               
Interest on each Loan shall be due and payable in arrears on each Interest Payment Date applicable thereto and at such
other times as may be specified herein. Interest hereunder shall be due and payable in accordance with the terms hereof before
and after judgment, and before and after the commencement of any proceeding under any Debtor Relief Law.

 

Section
2.09                     Fees.
The Borrower shall pay to the Agents such fees as shall have been separately agreed upon in writing (including, but not limited
to, as set forth in the Fee Letter) in the amounts and at the times so specified. Such fees shall be fully earned when paid and
shall not be refundable for any reason whatsoever (except as expressly agreed between the Borrower and the applicable Agent).

 

Section
2.10                     Computation
of Interest and Fees. All computations of interest
for Base Rate Loans when the Base Rate is determined by the “corporate base rate” shall be made on the basis of a
year of three hundred sixty five (365) days or three hundred sixty six (366) days, as the case may be, and actual days elapsed.
All other computations of fees and interest shall be made on the basis of a three hundred sixty (360) day year and actual days
elapsed. Interest shall accrue on each Loan for the day on which such Loan is made, and shall not accrue on such Loan, or any
portion thereof, for the day on which such Loan or such portion is paid; provided that any such Loan that is repaid on
the same day on which it is made shall, subject to Section 2.12(a), bear interest for one (1) day. Each determination
by the Administrative Agent of an interest rate or fee hereunder shall be conclusive and binding for all purposes, absent manifest
error.

 

Section
2.11                     Evidence
of Indebtedness.

 

(a)               
The Credit Extensions made by each Lender shall be evidenced by one or more accounts or records maintained by such Lender
and by one or more entries in the Register. Any failure to so record or any error in doing so shall not, however, limit or otherwise
affect the obligation of the Borrower hereunder to pay any amount owing with respect to the Obligations. In the event of any conflict
between the accounts and records maintained by any Lender and the Register, the Register shall be conclusive in the absence of
demonstrable error. Upon the request of any Lender made through the Administrative Agent, the Borrower shall execute and deliver
to such Lender (through the Administrative Agent) a Note payable to such Lender or its registered assigns, which shall evidence
such Lender’s Loans in addition to such accounts or records. Each Lender may attach schedules to its Note and endorse thereon
the date, Type (if applicable), amount and maturity of its Loans and payments with respect thereto.

 

(b)               
Upon the automatic conversion of the Bridge Loans into Extended Term Loans on the Extension Date, each Lender shall cancel
on its records a principal amount of the Bridge Loans held by such Lender corresponding to the principal amount of Extended Term
Loans of such Lender, which corresponding principal amount of the Bridge Loans shall be satisfied by the automatic conversion
of such Bridge Loans into Extended Term Loans in accordance with Section 2.01(b).

 

Section
2.12                     Payments
Generally.

 

(a)               
All payments to be made by the Borrower shall be made without condition or deduction for any counterclaim, defense, recoupment
or setoff. Except as otherwise expressly provided herein, all payments by the Borrower hereunder shall be made to the Administrative
Agent, for the account of the respective Lenders to which such payment is owed, at the applicable Administrative Agent’s
Office in Dollars and in immediately available funds not later than 3:00 p.m. on the date specified herein. The Administrative
Agent will promptly distribute to each Lender its Applicable Percentage (or other applicable share as provided herein) of such
payment in like funds as received by wire transfer to such Lender’s Applicable Lending Office. All payments received by
the Administrative Agent after 3:00 p.m. shall be deemed received on the next succeeding Business Day and any applicable
interest or fee shall continue to accrue.

 

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(b)               
Except as set forth in the definition of “Interest Period”, if any payment to be made by the Borrower shall
come due on a day other than a Business Day, payment shall be made on the next following Business Day, and such extension of time
shall be reflected in computing interest or fees, as the case may be.

 

(c)               
Unless the Borrower or any Lender has notified the Administrative Agent, prior to the date any payment is required to be
made by it to the Administrative Agent hereunder, that the Borrower or such Lender, as the case may be, will not make such payment,
the Administrative Agent may assume that the Borrower or such Lender, as the case may be, has timely made such payment and may
(but shall not be so required to), in reliance thereon, make available a corresponding amount to the Person entitled thereto.
If and to the extent that such payment was not in fact made to the Administrative Agent in immediately available funds, then:

 

(i)                
if the Borrower failed to make such payment, then the applicable Lender agrees to pay to the Administrative Agent forthwith
on demand the portion of such assumed payment that was made available to such Lender in immediately available funds, together
with interest thereon in respect of each day from and including the date such amount was made available by the Administrative
Agent to such Lender to the date such amount is repaid to the Administrative Agent in immediately available funds at the greater
of the Federal Funds Rate and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank
compensation, it being understood that nothing herein shall be deemed to relieve any Lender from its obligation to fulfill its
Bridge Commitment or to prejudice any rights which the Administrative Agent or the Borrower may have against any Lender as a result
of any default by such Lender hereunder; and

 

(ii)              
if any Lender failed to make such payment, such Lender shall forthwith on demand pay to the Administrative Agent the amount
thereof in immediately available funds, together with interest thereon for the period from the date such amount was made available
by the Administrative Agent to the Borrower to the date such amount is recovered by the Administrative Agent (the “Compensation
Period”) at the greater of the Federal Funds Rate and a rate determined by the Administrative Agent in accordance with
banking industry rules on interbank compensation. When such Lender makes payment to the Administrative Agent (together with all
accrued interest thereon), then such payment amount (excluding the amount of any interest which may have accrued and been paid
in respect of such late payment) shall constitute such Lender’s Loan included in the Borrowing. If such Lender does not
pay such amount forthwith upon the Administrative Agent’s demand therefor, the Administrative Agent may make a demand therefor
upon the Borrower, and the Borrower shall pay such amount to the Administrative Agent, together with interest thereon for the
Compensation Period at the interest rate applicable to such Loan. Nothing herein shall be deemed to relieve any Lender from its
obligation to fulfill its Bridge Commitment or to prejudice any rights which the Administrative Agent or the Borrower may have
against any Lender as a result of any default by such Lender hereunder.

 

A
notice of the Administrative Agent to any Lender or the Borrower with respect to any amount owing under this Section
2.12(c) shall be conclusive, absent demonstrable error.

 

(d)               
If any Lender makes available to the Administrative Agent funds for any Bridge Loan to be made by such Lender as provided
in the foregoing provisions of this Article II, and such funds are not made available to the Borrower by the Administrative
Agent because the conditions to the Credit Extension set forth in Article IV are not satisfied or waived in accordance
with the terms hereof, the Administrative Agent shall return such funds (in like funds as received from such Lender) to such Lender,
without interest.

 

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(e)               
The obligations of the Lenders hereunder to Bridge Loans are several and not joint. The failure of any Lender to make any
Bridge Loan on any date required hereunder shall not relieve any other Lender of its corresponding obligation to do so on such
date, and no Lender shall be responsible for the failure of any other Lender to so make its Bridge Loan.

 

(f)                
Nothing herein shall be deemed to obligate any Lender to obtain the funds for any Loan in any particular place or manner
or to constitute a representation by any Lender that it has obtained or will obtain the funds for any Loan in any particular place
or manner.

 

(g)               
Whenever any payment received by the Administrative Agent under this Agreement or any of the other Loan Documents is insufficient
to pay in full all amounts due and payable to the Administrative Agent and the Lenders under or in respect of this Agreement and
the other Loan Documents on any date, such payment shall be distributed by the Administrative Agent and applied by the Administrative
Agent and the Lenders in the order of priority set forth in Section 8.04. If the Administrative Agent receives funds for
application to the Obligations of the Loan Parties under or in respect of the Loan Documents under circumstances for which the
Loan Documents do not specify the manner in which such funds are to be applied, the Administrative Agent may, but shall not be
obligated to, elect to distribute such funds to each of the Lenders in accordance with such Lender’s Applicable Percentage
of the Outstanding Amount of all Loans outstanding at such time, in repayment or prepayment of such of the outstanding Loans or
other Obligations then owing to such Lender.

 

Section
2.13                     Sharing
of Payments. If, other than as expressly provided
elsewhere herein, any Lender shall obtain on account of the Loans made by it any payment (whether voluntary, involuntary, through
the exercise of any right of setoff, or otherwise) in excess of its ratable share (or other share contemplated hereunder) thereof,
such Lender shall immediately (a) notify the Administrative Agent of such fact, and (b) purchase from the other Lenders such participations
in the Loans made by them as shall be necessary to cause such purchasing Lender to share the excess payment in respect of such
Loans or such participations, as the case may be, pro rata with each of them; provided that (x) if all or any portion of
such excess payment is thereafter recovered from the purchasing Lender under any of the circumstances described in Section
10.06 (including pursuant to any settlement entered into by the purchasing Lender in its discretion), such purchase shall
to that extent be rescinded and each other Lender shall repay to the purchasing Lender the purchase price paid therefor, together
with an amount equal to such paying Lender’s ratable share (according to the proportion of (i) the amount of such paying
Lender’s required repayment to (ii) the total amount so recovered from the purchasing Lender) of any interest or other amount
paid or payable by the purchasing Lender in respect of the total amount so recovered, without further interest thereon, (y) the
provisions of this Section 2.13 shall not be construed to apply to any payment made by the Borrower pursuant to and in
accordance with the express terms of this Agreement or any payment obtained by a Lender as consideration for the assignment of
or sale of a participation in any of its Loans to any assignee or participant and (z) the provisions of this Section 2.13
shall not be construed to apply to any disproportionate payment obtained by a Lender as a result of the extension by Lenders of
the maturity date or expiration date of some but not all Loans or Bridge Commitments or any increase in the Applicable Rate (or
other pricing term, including any fee, discount or premium) in respect of Loans or Bridge Commitments of Lenders that have consented
to any such extension to the extent such transaction is permitted hereunder. The Borrower agree that any Lender so purchasing
a participation from another Lender may, to the fullest extent permitted by applicable Law, exercise all its rights of payment
(including the right of setoff, but subject to Section 10.09) with respect to such participation as fully as if such Lender
were the direct creditor of the Borrower in the amount of such participation. The Administrative Agent will keep records (which
shall be conclusive and binding in the absence of demonstrable error) of participations purchased under this Section 2.13
and will in each case notify the Lenders following any such purchases or repayments. Each Lender that purchases a participation
pursuant to this Section 2.13 shall from and after such purchase have the right to give all notices, requests, demands,
directions and other communications under this Agreement with respect to the portion of the Obligations purchased to the same
extent as though the purchasing Lender were the original owner of the Obligations purchased.

 

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Section
2.14                     [Reserved].

 

Section
2.15                     [Reserved].

 

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

 

(a)               
[Reserved];

 

(b)               
the Outstanding Amount of Loans of such Defaulting Lender shall not be included in determining whether all Lenders or the
Required Lenders have taken or may take any action hereunder (including any consent to any amendment, waiver or other modification
pursuant to Section 10.01); provided that (x) any waiver, amendment or modification of the type described in clause
(a), (b) or (c) of the first proviso in Section 10.01 that would apply to the Obligations owing to such
Defaulting Lender or (y) any waiver, amendment or modification (other than as described in the forgoing clause (x) requiring
the consent of all Lenders or each affected Lender) which affects such Defaulting Lender disproportionally when compared to other
affected Lenders, in each case, shall require the consent of such Defaulting Lender with respect to the effectiveness of such
waiver, amendment or modification with respect to the Obligations owing to such Defaulting Lender;

 

(c)               
any payment of principal, interest, fees or other amounts received by the Administrative Agent for the account of that
Defaulting Lender (whether voluntary or mandatory, at maturity, pursuant to Article IX or otherwise), shall be applied
at such time or times as may be determined by the Administrative Agent as follows: first, to the payment of any amounts
owing by that Defaulting Lender to the Administrative Agent hereunder; second, as the Borrower may request (so long as
no Default or Event of Default exists), to the funding of any Loan in respect of which that Defaulting Lender has failed to fund
its portion thereof as required by this Agreement, as determined by the Administrative Agent; third, to the payment of
any amounts owing to the Lenders as a result of any judgment of a court of competent jurisdiction obtained by any Lender against
that Defaulting Lender as a result of that Defaulting Lender’s breach of its obligations under this Agreement; fourth,
so long as no Default or Event of Default exists, to the payment of any amounts owing to any Loan Party as a result of any judgment
of a court of competent jurisdiction obtained by any Loan Party against that Defaulting Lender as a result of that Defaulting
Lender’s breach of its obligations under this Agreement; and fifth, to that Defaulting Lender or as otherwise directed
by a court of competent jurisdiction; provided that, if such payment is a payment of the principal amount of any Loans,
such payment shall be applied solely to pay the relevant Loans of the relevant non-Defaulting Lenders on a pro rata basis prior
to being applied in the manner set forth in this clause (c).

 

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Section
2.17                     [Reserved].

 

ARTICLE
III

 

Taxes, Increased Costs
Protection and Illegality

 

Section
3.01                     Taxes.

 

(a)               
Except as provided in this Section 3.01, any and all payments by the Borrower or any Guarantor to or for the account
of any Agent or any Lender under any Loan Document shall be made free and clear of and without deduction for any Taxes unless
required by applicable Law. If any applicable withholding agent shall be required by any Laws to deduct any Taxes from or in respect
of any sum payable under any Loan Document to any Agent or any Lender, (i) if such Taxes are Indemnified Taxes, the sum payable
by the Borrower or applicable Guarantor shall be increased as necessary so that after all required deductions have been made (including
deductions applicable to additional sums payable under this Section 3.01), each of such Agent and such Lender receives
an amount equal to the sum it would have received had no such deductions been made, (ii) such applicable withholding agent shall
make such deductions, (iii) such applicable withholding agent shall pay the full amount deducted to the relevant taxation authority
or other authority in accordance with applicable Laws, and (iv) within thirty (30) days after the date of such payment by such
applicable withholding agent (or, if receipts or evidence are not available within thirty (30) days, as soon as possible thereafter),
such applicable withholding agent shall furnish to Borrower and such Agent or Lender (as the case may be) the original or a facsimile
copy of a receipt evidencing payment thereof to the extent such a receipt is issued therefor, or other written proof of payment
thereof that is reasonably satisfactory to the Administrative Agent.

 

(b)               
In addition, but without duplication of any amounts payable pursuant to Section 3.01(a) or (c), the Borrower
agrees to pay all Other Taxes.

 

(c)               
Without duplication of any amounts payable pursuant to Section 3.01(a) or Section 3.01(b), the Borrower agrees
to indemnify each Agent and each Lender for (i) the full amount of Indemnified Taxes (including any Indemnified Taxes imposed
or asserted by any jurisdiction in respect of amounts payable under this Section 3.01) payable by such Agent and such Lender
and (ii) any reasonable expenses arising therefrom or with respect thereto, in each case whether or not such Indemnified Taxes
were correctly or legally imposed or asserted by the relevant Governmental Authority. Such Agent or Lender, as the case may be,
will, at the Borrower’s request, provide the Borrower with a written statement thereof setting forth in reasonable detail
the basis and calculation of such amounts which shall be conclusive absent manifest error. Payment under this Section 3.01(c)
shall be made within ten (10) days after the date such Lender or such Agent makes a demand therefor. Notwithstanding anything
to the contrary contained in this Section 3.01(c), no Loan Party shall be required to indemnify any Agent or any Lender pursuant
to this Section 3.01(c) for any incremental interest, penalties or expenses resulting from the failure of such Agent or Lender
to notify the Loan Party of such possible indemnification claim within 180 days after such Agent or Lender receives written notice
from the applicable taxing authority of the specific tax assessment giving rise to such indemnification claim.

 

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(d)               
If any Lender or Agent determines, in its reasonable discretion, that it has received a refund in respect of any Indemnified
Taxes as to which indemnification or additional amounts have been paid to it by the Borrower or any Guarantor pursuant to this
Section 3.01, it shall promptly remit an amount equal to such refund as soon as practicable after it is determined that
such refund pertains to Indemnified Taxes (but only to the extent of indemnity payments made, or additional amounts paid, by the
Borrower or any Guarantor under this Section 3.01 with respect to the Indemnified Taxes giving rise to such refund plus
any interest included in such refund by the relevant taxing authority attributable thereto) to the Borrower, net of all reasonable
out-of-pocket expenses (including any Taxes) of the Lender or Agent, as the case may be and without interest (other than any interest
paid by the relevant taxing authority with respect to such refund); provided that the Borrower, upon the request of the
Lender or Agent, as the case may be, agree promptly to return an amount equal to such refund (plus any applicable interest, additions
to tax or penalties) to such party in the event such party is required to repay such refund to the relevant taxing authority.
Such Lender or Agent, as the case may be, shall, at the Borrower’s request, provide the Borrower with a copy of any notice
of assessment or other evidence of the requirement to repay such refund received from the relevant taxing authority (provided
that such Lender or Agent may delete any information therein that such Lender or Agent deems confidential). Nothing herein
contained shall interfere with the right of a Lender or Agent to arrange its Tax affairs in whatever manner it thinks fit nor
oblige any Lender or Agent to claim any Tax refund or to make available its Tax returns or disclose any information relating to
its Tax affairs or any computations in respect thereof or require any Lender or Agent to do anything that would prejudice its
ability to benefit from any other refunds, credits, reliefs, remissions or repayments to which it may be entitled.

 

(e)               
Each Lender agrees that, upon the occurrence of any event giving rise to the operation of Section 3.01(a) or (c)
with respect to such Lender it will, if requested by the Borrower, use commercially reasonable efforts (subject to legal and
regulatory restrictions), at Borrower’s expense, to designate another Applicable Lending Office for any Loan affected by
such event; provided that such efforts are made on terms that, in the judgment of such Lender, cause such Lender and its
Applicable Lending Office(s) to suffer no material economic, legal or regulatory disadvantage, and provided, further, that
nothing in this Section 3.01(e) shall affect or postpone any of the Obligations of the Borrower or the rights of such Lender
pursuant to Section 3.01(a) or (c).

 

(f)                
Each Lender shall, at such times as are reasonably requested by the Borrower or the Administrative Agent, provide the Borrower
and the Administrative Agent with any documentation prescribed by law, or reasonably requested by the Borrower or the Administrative
Agent, certifying as to any entitlement of such Lender to an exemption from, or reduction in, any withholding Tax with respect
to any payments to be made to such Lender under any Loan Document. Each such Lender shall, whenever a lapse in time or change
in circumstances renders such documentation (including any documentation specifically referenced below) expired, obsolete or inaccurate
in any material respect, deliver promptly to the Borrower and the Administrative Agent updated or other appropriate documentation
(including any new documentation reasonably requested by the applicable withholding agent) or promptly notify the Borrower and
the Administrative Agent in writing of its inability to do so. Solely for purposes of this Section 3.01(f), the definition
of “Lender” shall include the Administrative Agent.

 

Without limiting the
generality of the foregoing:

 

(i)                
Each Lender that is a “United States person” (as defined in Section 7701(a)(30) of the Code) shall deliver
to the Borrower and the Administrative Agent on or before the date on which it becomes a party to this Agreement two properly
completed and duly signed original copies of Internal Revenue Service Form W-9 (or any successor form) certifying that such Lender
is exempt from U.S. federal backup withholding;

 

(ii)              
Each Lender that is not a “United States person” (as defined in Section 7701(a)(30) of the Code) shall deliver
to the Borrower and the Administrative Agent on or before the date on which it becomes a party to this Agreement (and from time
to time thereafter when required by Law or upon the reasonable request of the Borrower or the Administrative Agent) whichever
of the following is applicable:

 

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(A)              
two duly completed copies of Internal Revenue Service Form W-8BEN or W-8BEN-E, as applicable (or any successor forms) claiming
eligibility for benefits of an income tax treaty to which the United States is a party,

 

(B)             
two duly completed copies of Internal Revenue Service Form W-8ECI (or any successor forms),

 

(C)             
in the case of a Lender claiming the benefits of the exemption for portfolio interest under Section 881(c) or the Code, (x)
a certificate, in substantially the form of Exhibit L (any such certificate a “United States Tax Compliance
Certificate”), or any other form approved by the Administrative Agent, to the effect that such Lender is not (A) a “bank”
within the meaning of Section 881(c)(3)(A) of the Code, (B) a “10 percent shareholder” of the Borrower within
the meaning of Section 881(c)(3)(B) of the Code or (C) a “controlled foreign corporation” described in Section 881(c)(3)(C)
of the Code, and (y) two duly completed copies of Internal Revenue Service Form W-8BEN or W-8BEN-E, as applicable (or any successor
forms),

 

(D)              
to the extent a Lender is not the beneficial owner (for example, where the Lender is a partnership), Internal Revenue Service
Form W-8IMY (or any successor forms) of the Lender, accompanied by a Form W-8ECI, W-8BEN or W-8BEN-E, as applicable (or any successor
forms), United States Tax Compliance Certificate, Form W-9, Form W-8IMY (or other successor forms) or any other required information
from each beneficial owner, as applicable (provided that, if the Lender is a partnership and one or more direct or indirect
partners are claiming the portfolio interest exemption, the United States Tax Compliance Certificate may be provided by such Lender
on behalf of such direct or indirect partner(s)), or

 

(E)             
two duly completed copies of any other form prescribed by applicable U.S. federal income tax laws (including the Treasury regulations)
as a basis for claiming a complete exemption from, or a reduction in, U.S. federal withholding Tax on any payments to such Lender
under the Loan Documents.

 

(iii)            
If a payment made to a Lender under any Loan Document would be subject to U.S. federal withholding Tax imposed by FATCA
if such Lender were to fail to comply with the applicable reporting requirements of FATCA (including those contained in Sections
1471(b) or 1472(b) of the Code, as applicable), such Lender shall deliver to the Borrower and the Administrative Agent at the
time or times prescribed by law and at such time or times reasonably requested by the Borrower or the Administrative Agent such
documentation prescribed by applicable law (including as prescribed by Section 1471(b)(3)(C)(i) of the Code) and such additional
documentation reasonably requested by the Borrower or the Administrative Agent as may be necessary for the Borrower and the Administrative
Agent to comply with their FATCA obligations, to determine whether such Lender has or has not complied with such Lender’s
FATCA obligations and to determine the amount, if any, to deduct and withhold from such payment. Solely for purposes of this Section
3.01(f)(iii), “FATCA” shall include any amendments made to FATCA after the date of this Agreement.

 

Notwithstanding
any other provision of this clause (f), a Lender shall not be required to deliver any form that such Lender
is not legally eligible to deliver.

 

Each
Lender hereby authorizes the Administrative Agent to deliver to the Loan Parties and to any successor Administrative Agent any
documentation provided by such Lender to the Administrative Agent pursuant to this Section 3.01(f).

 

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Section
3.02                     Inability
to Determine Rates. Other than as set forth in Section
1.10, if the Administrative Agent or the Required Lenders determine that for any reason adequate and reasonable means do not
exist for determining the Eurocurrency Rate for any requested Interest Period with respect to a proposed Eurocurrency Rate Loan
denominated in any currency, or the Required Lenders (excluding for all purposes of this Section 3.02 only, the
portion of the Total Outstandings that are not available for Loans in such currency) determine that the Eurocurrency Rate for
any Interest Period with respect to such proposed Eurocurrency Rate Loan does not adequately and fairly reflect the cost to such
Lenders of funding such Loan, or that deposits in the currency of such Eurocurrency Rate Loan are not being offered to banks in
the applicable London or other relevant interbank market for the applicable amount and the Interest Period of such Eurocurrency
Rate Loan, the Administrative Agent will promptly so notify the Borrower and each Lender. Thereafter, the obligation of the Lenders
to make or maintain Eurocurrency Rate Loans in such currency shall be suspended until the Administrative Agent (upon the instruction
of the Required Lenders) revokes such notice. Upon receipt of such notice, the Borrower may revoke any pending request for a Borrowing
of, conversion to or continuation of Eurocurrency Rate Loans or, failing that, will be deemed to have converted such request into
a request for a Borrowing of Base Rate Loans in the amount specified therein.

 

Section
3.03                     Increased
Cost and Reduced Return; Capital Adequacy; Reserves on Eurocurrency Rate Loans.

 

(a)               
If any Lender determines that as a result of any Change in Law, or such Lender’s compliance therewith, there shall
be any increase in the cost to such Lender of agreeing to make or making, funding or maintaining any Loan, or a reduction in the
amount received or receivable by such Lender in connection with any of the foregoing (excluding for purposes of this Section
3.03(a) any such increased costs or reduction in amount resulting from (i) Indemnified Taxes or Other Taxes indemnifiable
under Section 3.01, (ii) Excluded Taxes described in clauses (b) through (e) of the definition of Excluded
Taxes, (iii) Excluded Taxes described in clause (a) of the definition of Excluded Taxes to the extent such Taxes are imposed
on or measured by such Lender’s net income or profits (or are franchise Taxes imposed in lieu thereof) or (iv) reserve requirements
contemplated by Section 3.03(c)), then from time to time within fifteen (15) days after demand by such Lender setting forth
in reasonable detail such increased costs (with a copy of such demand to the Administrative Agent given in accordance with Section
3.05), the Borrower shall pay to such Lender such additional amounts as will compensate such Lender for such increased cost
or reduction; provided that in the case of any Change in Law only applicable as a result of the proviso set forth in the
definition thereof, such Lender will only be compensated for such amounts that would have otherwise been imposed under the applicable
increased cost provisions and only to the extent the applicable Lender is imposing such charges on other similarly situated borrower
under comparable syndicated credit facilities.

 

(b)               
If any Lender determines that as a result of any Change in Law regarding capital adequacy or any change therein or in the
interpretation thereof, in each case after the Closing Date, or compliance by such Lender (or its Applicable Lending Office) therewith,
has the effect of reducing the rate of return on the capital of such Lender or any corporation controlling such Lender as a consequence
of such Lender’s obligations hereunder (taking into consideration its policies with respect to capital adequacy and such
Lender’s desired return on capital), then from time to time upon demand of such Lender setting forth in reasonable detail
the charge and the calculation of such reduced rate of return (with a copy of such demand to the Administrative Agent given in
accordance with Section 3.05), the Borrower shall pay to such Lender such additional amounts as will compensate such Lender
for such reduction within fifteen (15) days after receipt of such demand.

 

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(c)               
The Borrower shall pay to each Lender, (i) as long as such Lender shall be required to maintain reserves with respect to
liabilities or assets consisting of or including Eurocurrency funds or deposits, additional interest on the unpaid principal amount
of each Eurocurrency Rate Loan equal to the actual costs of such reserves allocated to such Loan by such Lender (as determined
by such Lender in good faith, which determination shall be conclusive in the absence of demonstrable error), and (ii) as long
as such Lender shall be required to comply with any reserve ratio requirement or analogous requirement of any other central banking
or financial regulatory authority imposed in respect of the maintenance of the Bridge Commitments or the funding of the Eurocurrency
Rate Loans, such additional costs (expressed as a percentage per annum and rounded upwards, if necessary, to the nearest five
decimal places) equal to the actual costs allocated to such Bridge Commitment or Loan by such Lender (as determined by such Lender
in good faith, which determination shall be conclusive absent demonstrable error) which in each case shall be due and payable
on each date on which interest is payable on such Loan, provided, the Borrower shall have received at least fifteen (15)
days’ prior notice (with a copy to the Administrative Agent) of such additional interest or cost from such Lender. If a
Lender fails to give notice fifteen (15) days prior to the relevant Interest Payment Date, such additional interest or cost shall
be due and payable fifteen (15) days after receipt of such notice.

 

(d)               
Subject to Section 3.05(b), failure or delay on the part of any Lender to demand compensation pursuant to this Section
3.03 shall not constitute a waiver of such Lender’s right to demand such compensation.

 

(e)               
If any Lender requests compensation under this Section 3.03, then such Lender will, if requested by the Borrower,
use commercially reasonable efforts to designate another Applicable Lending Office for any Loan affected by such event; provided
that such efforts are made on terms that, in the reasonable judgment of such Lender, cause such Lender and its Applicable
Lending Office(s) to suffer no material economic, legal or regulatory disadvantage; and provided further that nothing in
this Section 3.03(e) shall affect or postpone any of the Obligations of the Borrower or the rights of such Lender pursuant
to Section 3.03(a), (b), (c) or (d).

 

Section
3.04                     Funding
Losses. Upon demand of any Lender (with a copy to
the Administrative Agent) from time to time, the Borrower shall promptly compensate such Lender for and hold such Lender harmless
from any loss, cost or expense incurred by it as a result of:

 

(a)               
any continuation, conversion, payment or prepayment of any Eurocurrency Rate Loan on a day other than the last day of the
Interest Period for such Loan; or

 

(b)               
any failure by the Borrower (for a reason other than the failure of such Lender to make a Loan) to prepay, borrow, continue
or convert any Loan (other than a Base Rate Loan) on the date or in the amount notified by the Borrower;

 

including any loss or expense arising
from the liquidation or reemployment of funds obtained by it to maintain such Loan or from fees payable to terminate the deposits
from which such funds were obtained.

 

For
purposes of calculating amounts payable by the Borrower to the Lenders under this Section 3.04, each Lender shall
be deemed to have funded each Eurocurrency Rate Loan made by it at the Eurocurrency Rate for such Loan by a matching deposit or
other borrowing in the London interbank eurodollar market for a comparable amount and for a comparable period, whether or not
such Eurocurrency Rate Loan was in fact so funded.

 

Section
3.05                     Matters
Applicable to All Requests for Compensation.

 

(a)               
Any Agent or any Lender claiming compensation under this Article III shall deliver a certificate to the Borrower
setting forth the additional amount or amounts to be paid to it hereunder which shall be conclusive in the absence of demonstrable
error. In determining such amount, such Agent or such Lender may use any reasonable averaging and attribution methods.

 

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(b)               
With respect to any Lender’s claim for compensation under Section 3.01, Section 3.02, Section 3.03
or Section 3.04, the Borrower shall not be required to compensate such Lender for any amount incurred more than one
hundred and eighty (180) days prior to the date that such Lender notifies the Borrower of the event that gives rise to such claim;
provided that, if the circumstance giving rise to such claim is retroactive, then such 180-day period referred to above
shall be extended to include the period of retroactive effect thereof. If any Lender requests compensation by the Borrower under
Section 3.03, the Borrower may, by notice to such Lender (with a copy to the Administrative Agent), suspend the obligation
of such Lender to make or continue Eurocurrency Rate Loans from one Interest Period to another, or to convert Base Rate Loans
into Eurocurrency Rate Loans, until the event or condition giving rise to such request ceases to be in effect (in which case the
provisions of Section 3.05(c) shall be applicable); provided that such suspension shall not affect the right of
such Lender to receive the compensation so requested.

 

(c)               
If the obligation of any Lender to make or continue any Eurocurrency Rate Loan from one Interest Period to another, or
to convert Base Rate Loans into Eurocurrency Rate Loans shall be suspended pursuant to Section 3.05(b) hereof, such Lender’s
Eurocurrency Rate Loans denominated in Dollars shall be automatically converted into Base Rate Loans on the last day(s) of the
then current Interest Period(s) for such Eurocurrency Rate Loans (or, in the case of an immediate conversion required by Section
3.02, on such earlier date as required by Law) and, unless and until such Lender gives notice as provided below that the circumstances
specified in Section 3.01, Section 3.02, Section 3.03 or Section 3.04 hereof that gave rise to such
conversion no longer exist:

 

(i)                
to the extent that such Lender’s Eurocurrency Rate Loans denominated in Dollars have been so converted, all payments
and prepayments of principal that would otherwise be applied to such Lender’s Eurocurrency Rate Loans shall be applied instead
to its Base Rate Loans; and

 

(ii)              
all Loans denominated in Dollars that would otherwise be made or continued from one Interest Period to another by such
Lender as Eurocurrency Rate Loans shall be made or continued instead as Base Rate Loans, and all Base Rate Loans of such Lender
that would otherwise be converted into Eurocurrency Rate Loans shall remain as Base Rate Loans.

 

(d)               
If any Lender gives notice to the Borrower (with a copy to the Administrative Agent) that the circumstances specified in
Section 3.01, Section 3.02, Section 3.03 or Section 3.04 hereof that gave rise to the conversion of
such Lender’s Eurocurrency Rate Loans denominated in Dollars pursuant to this Section 3.05 no longer exist (which
such Lender agrees to do promptly upon such circumstances ceasing to exist) at a time when Eurocurrency Rate Loans made by other
Lenders are outstanding, such Lender’s Base Rate Loans shall be automatically converted to Eurocurrency Rate Loans, on the
first day(s) of the next succeeding Interest Period(s) for such outstanding Eurocurrency Rate Loans, to the extent necessary so
that, after giving effect thereto, all Loans held by the Lenders holding Eurocurrency Rate Loans and by such Lender are held pro
rata (as to principal amounts, interest rate basis, and Interest Periods) in accordance with their respective principal amount
of Bridge Commitments.

 

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Section
3.06                     Replacement
of Lenders under Certain Circumstances.

 

(a)               
If at any time (i) any Lender requests reimbursement for amounts owing pursuant to Section 3.01 or Section 3.03
as a result of any condition described in such Sections and such Lender has declined or is unable to designate a different
lending office in accordance with Section 3.01(e) or any Lender ceases to make Eurocurrency Rate Loans as a result of any
condition described in Section 3.02 or Section 3.03, (ii) any Lender becomes a Defaulting Lender or (iii) any Lender
becomes a Non-Consenting Lender, then the Borrower may, on prior written notice to the Administrative Agent and such Lender, replace
such Lender by requiring such Lender to (and such Lender shall be obligated to) assign pursuant to Section 10.07(b) (with
the assignment fee to be paid by the Borrower in such instance) all of its rights and obligations under this Agreement (or, with
respect to clause (iii) and clause (iv) above, all of its rights and obligations with respect to the Loans or Bridge
Commitments that is the subject of the related consent, waiver or amendment) to one or more Eligible Assignees (provided
that neither the Administrative Agent nor any Lender shall have any obligation to the Borrower to find a replacement Lender or
other such Person; and provided, further, that (A) in the case of any such assignment resulting from a claim for compensation
under Section 3.03 or payments required to be made pursuant to Section 3.01, such assignment will result in a reduction
in such compensation or payments and (B) in the case of any such assignment resulting from a Lender becoming a Non-Consenting
Lender, the applicable Eligible Assignees shall have agreed to the applicable departure, waiver or amendment of the Loan Documents).

 

(b)               
Any Lender being replaced pursuant to Section 3.06(a) above shall (i) execute and deliver an Assignment and Assumption
with respect to such Lender’s Bridge Commitment and outstanding Loans, as applicable (provided that the failure of
any such Lender to execute an Assignment and Assumption shall not render such assignment invalid and such assignment shall be
recorded in the Register) and (ii) deliver Notes, if any, evidencing such Loans to the Borrower or Administrative Agent. Pursuant
to such Assignment and Assumption, (A) the assignee Lender shall acquire all or a portion, as the case may be, of the assigning
Lender’s Bridge Commitments and outstanding Loans, as applicable, (B) all obligations of the Loan Parties owing to the assigning
Lender relating to the Loan Documents and participations so assigned shall be paid in full by the assignee Lender or the Loan
Parties (as applicable) to such assigning Lender concurrently with such assignment and assumption and (C) upon such payment and,
if so requested by the assignee Lender, the assignor Lender shall deliver to the assignee Lender the appropriate Notes executed
by the Borrower, the assignee Lender shall become a Lender hereunder and the assigning Lender shall cease to constitute a Lender
hereunder with respect to such assigned Loans, Bridge Commitments and participations, except with respect to indemnification provisions
under this Agreement, which shall survive as to such assigning Lender.

 

(c)               
[Reserved].

 

(d)               
In the event that (i) the Borrower or the Administrative Agent have requested that the Lenders consent to a departure or
waiver of any provisions of the Loan Documents or agree to any amendment thereto, (ii) the consent, waiver or amendment in question
requires the agreement of all affected Lenders in accordance with the terms of Section 10.01 or all the Lenders with respect
to the Loans and (iii) the Required Lenders, as applicable, have agreed to such consent, waiver or amendment, then any Lender
who does not agree to such consent, waiver or amendment shall be deemed a “Non-Consenting Lender.”

 

Section
3.07                     Illegality.
If any Lender determines that any Law has made it unlawful, or that any Governmental Authority has asserted that it is unlawful,
for any Lender or its Applicable Lending Office to perform any of its obligations hereunder or make, maintain or fund or charge
interest with respect to any Credit Extension or to determine or charge interest rates based upon the Eurocurrency Rate, or any
Governmental Authority has imposed material restrictions on the authority of such Lender to purchase or sell, or to take deposits
of, Dollars in the London interbank market, then, on notice thereof by such Lender to the Borrower through the Administrative
Agent, (i) any obligation of such Lender to issue, make, maintain, fund or charge interest with respect to any such Credit Extension
or continue Eurocurrency Rate Loans or to convert Base Rate Loans to Eurocurrency Rate Loans shall be suspended, and (ii) if such
notice asserts the illegality of such Lender making or maintaining Base Rate Loans the interest rate on which is determined by
reference to the Eurocurrency Rate component of the Base Rate, the interest rate on which Base Rate Loans of such Lender shall,
if necessary to avoid such illegality, be determined by the Administrative Agent without reference to the Eurocurrency Rate component
of the Base Rate, in each case until such Lender notifies the Administrative Agent and the Borrower that the circumstances giving
rise to such determination no longer exist. Upon receipt of such notice, (x) the Borrower shall, upon demand from such Lender
(with a copy to the Administrative Agent), prepay or, if applicable, convert all Eurocurrency Rate Loans of such Lender to Base
Rate Loans (the interest rate on which Base Rate Loans of such Lender shall, if necessary to avoid such illegality, be determined
by the Administrative Agent without reference to the Eurocurrency Rate component of the Base Rate), either on the last day of
the Interest Period therefor, if such Lender may lawfully continue to maintain such Eurocurrency Rate Loans to such day, or immediately,
if such Lender may not lawfully continue to maintain such Eurocurrency Rate Loans and (y) if such notice asserts the illegality
of such Lender determining or charging interest rates based upon the Eurocurrency Rate, the Administrative Agent shall during
the period of such suspension compute the Base Rate applicable to such Lender without reference to the Eurocurrency Rate component
thereof until the Administrative Agent is advised in writing by such Lender that it is no longer illegal for such Lender to determine
or charge interest rates based upon the Eurocurrency Rate. Upon any such prepayment or conversion, the Borrower shall also pay
accrued interest on the amount so prepaid or converted.

 

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Section
3.08                     Survival.
All of the Borrower’s obligations under this Article III shall survive termination of the Aggregate
Commitments and repayment of all other Obligations hereunder and any assignment of rights by or replacement of a Lender.

 

ARTICLE
IV

 

Conditions Precedent
to Credit Extension

 

Section
4.01                     Conditions
to Closing Date. The obligation of each Lender to
make its initial Credit Extension hereunder is subject to satisfaction of the following conditions precedent (or waiver thereof
in accordance with Section 10.01):

 

(a)              
The Administrative Agent’s receipt of the following, each of which shall be originals or facsimiles (followed promptly
by originals) unless otherwise specified, each properly executed by a Responsible Officer of the signing Loan Party (other than
in respect of (a)(i)(v) below), each in form and substance reasonably satisfactory to the Administrative Agent and its legal counsel:

 

(i)               
executed counterparts of this Agreement and the Guaranty from each of the Loan Parties listed on the signature pages thereto;

 

(ii)              
a Bridge Note executed by the Borrower in favor of each Lender that has requested a Bridge Note at least five (5) Business
Days in advance of the Closing Date;

 

(iii)            
each Collateral Document set forth on Schedule 1.01A required to be executed on the Closing Date as indicated on
such schedule, duly executed by each Loan Party party thereto, together with (except as provided in such Collateral Documents);

 

(A)             
certificates, if any, representing the pledged equity referred to therein, accompanied by undated stock powers executed in blank
and (if applicable) instruments evidencing the pledged debt referred to therein endorsed in blank;

 

(B)             
evidence that all other actions, recordings and filings that the Administrative Agent or Collateral Agent may deem reasonably
necessary to satisfy the Collateral and Guarantee Requirement shall have been taken, completed or otherwise provided for in a
manner reasonably satisfactory to the Administrative Agent and Collateral Agent; and

 

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(C)             
certified copies of UCC, United States Patent and Trademark Office and United States Copyright Office, tax and judgment lien searches,
or equivalent reports or searches, each of a recent date listing all effective financing statements, lien notices or comparable
documents (together with copies of such financing statements and documents) that name any Loan Party as debtor and that are filed
in those state and county jurisdictions in which any Loan Party is organized or maintains its principal place of business and
such other searches that are required by the Security Agreement or that the Administrative Agent deems necessary or appropriate;

 

(iv)             
such certificates, including certificates of good standing (to the extent such concept exists) from the applicable secretary
of state of the state of organization of each Loan Party, copies of Organization Documents of the Loan Parties, resolutions or
other action and incumbency certificates and/or other certificates of Responsible Officers of each Loan Party as the Administrative
Agent may reasonably require evidencing the identity, authority and capacity of each Responsible Officer thereof authorized to
act as a Responsible Officer in connection with this Agreement and the other Loan Documents to which such Loan Party is a party
or is to be a party on the Closing Date;

 

(v)              
an opinion from (i) Kirkland & Ellis LLP, counsel to the Loan Parties; (ii) Cozen O’Connor, Pennsylvania counsel
to the Loan Parties; and (iii) Perkins Coie LLP, Washington counsel to the Loan Parties; and

 

(vi)             
a certificate attesting to the Solvency of the Parent, the Borrower and the Restricted Subsidiaries (on a Consolidated
basis) on the Closing Date after giving effect to the Transaction, from the Borrower’s chief financial officer or other
officer with equivalent duties.

 

(b)              
All fees and expenses required to be paid hereunder or pursuant to the Fee Letter and Commitment Letter, to the extent
invoiced at least two (2) Business Days prior to the Closing Date shall have been paid in full in cash or will be paid on the
Closing Date.

 

(c)              
The Lead Arrangers shall have received (i) the Audited Financial Statements and (ii) the Unaudited Financial Statements.

 

(d)              
Prior to or substantially simultaneously with the Closing Date, the Target’s amended and restated credit and guaranty
agreement, dated as of April 25, 2018 (as amended, restated, amended and restated, supplemented or otherwise modified from time
to time), by and among, inter alios, Truco Enterprises, LP, a Delaware limited partnership, the guarantors from time to time party
thereto, MidCap Financial Trust, as administrative agent, and the lenders from time to time party thereto, will be repaid and
the commitments thereunder terminated and liens granted in connection therewith released.

 

(e)              
The Administrative Agent and the Lead Arrangers shall have received at least five (5) Business Days prior to the Closing
Date all documentation and other information about the Borrower and the Guarantors as has been reasonably requested in writing
at least ten (10) Business Days prior to the Closing Date by the Administrative Agent and the Lead Arrangers that they reasonably
determine is required by regulatory authorities under applicable “know your customer” and anti-money laundering rules
and regulations, including without limitation the USA PATRIOT Act and the Beneficial Ownership Regulation.

 

(f)              
(i) The Pari Passu Intercreditor Agreement and (ii) a joinder substantially in the form of Exhibit B to the ABL
Intercreditor Agreement, in each case, shall have been duly executed and delivered by each Loan Party thereto.

 

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(g)              
Evidence that all insurance required to be maintained pursuant to the Loan Documents has been obtained and is in effect,
together with the certificates of insurance, naming the Administrative Agent, on behalf of the Secured Parties, as an additional
insured or loss payee, as the case may be, under all casualty insurance policies maintained with respect to the assets and properties
of the Loan Parties that constitutes Collateral.

 

(h)             
The Acquisition shall have been consummated, or shall be consummated substantially concurrently with the initial borrowing
of the Bridge Loans, in all material respects in accordance with the terms of the Acquisition Agreement. The Acquisition Agreement
shall not have been amended or waived in any material respect by the Borrower or any of its affiliates, nor shall the Borrower
or any of its affiliates have given a material consent thereunder, in each case in a manner materially adverse to the Lenders
(in their capacity as such) without the consent of the Lead Arrangers (such consent not to be unreasonably withheld, delayed or
conditioned).

 

(i)              
No Material Adverse Effect (as defined in the Acquisition Agreement) shall have occurred since the date of the Acquisition
Agreement.

 

(j)                
The Specified Acquisition Agreement Representations shall be true and correct and the Specified Representations shall be
true and correct in all material respects on the Closing Date.

 

(k)               
The Administrative Agent shall have received a certificate, dated as of the Closing Date, of a Responsible Officer of the
Borrower, confirming compliance with the conditions set forth in Sections 4.01(h), (i) and (j).

 

(l)               
The Administrative Agent shall have received the Committed Loan Notice in accordance with Section 2.02.

 

For purposes of determining
whether the Closing Date has occurred, each Lender that has executed this Agreement shall be deemed to have consented to, approved
or accepted, or to be satisfied with, each document or other matter required hereunder to be consented to or approved by or acceptable
or satisfactory to the Administrative Agent or such Lender, as the case may be, unless such Lender has notified the Administrative
Agent of any disagreement prior to the Closing Date.

 

Notwithstanding anything
herein to the contrary, it is understood that other than with respect to the execution and delivery of those certain Collateral
Documents required to be delivered on the Closing Date pursuant to Section 4.01(a)(iii), any UCC Filing Collateral (as
defined below) and the delivery of stock certificates of the Borrower and each material Subsidiary (provided that such
stock certificates of the Target and its Subsidiaries will be required to be delivered on the Closing Date only to the extent
received from the Target after the Borrower’s use of commercially reasonable efforts to obtain such certificates), to the
extent any Lien on any Collateral is not provided and/or perfected on the Closing Date after the Borrower’s use of commercially
reasonable efforts to do so, without undue burden or expense, the provision and/or perfection of a Lien on such Collateral shall
not constitute a condition precedent for purposes of this Section 4.01, but instead shall be required to be provided and/or
perfected within 90 days after the Closing Date (subject to extensions as agreed by the Administrative Agent acting reasonably).
 “UCC Filing Collateral” means Collateral, including Collateral constituting investment property, for which
a security interest can be perfected by filing a UCC-1 financing statement.

 

Section
4.02                     [Reserved].

 

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ARTICLE
V

 

Representations and
Warranties

 

The Parent and the Borrower
represent and warrant to the Agents and the Lenders on the Closing Date that:

 

Section
5.01                     Existence,
Qualification and Power; Compliance with Laws. The
Parent, the Borrower and each Restricted Subsidiary (a) is a Person duly incorporated, organized or formed, and validly
existing and, where applicable, in good standing under the Laws of the jurisdiction of its incorporation or organization, (b)
has all requisite power and authority to (i) own or lease its assets and carry on its business and (ii) execute, deliver and perform
its obligations under the Loan Documents to which it is a party, (c) is duly qualified and, where applicable, in good standing
under the Laws of each jurisdiction where its ownership, lease or operation of properties or the conduct of its business requires
such qualification, (d) is in material compliance with all Laws (including the USA PATRIOT Act and anti-money laundering laws),
orders, writs, injunctions and orders and (e) has all requisite governmental licenses, authorizations, consents and approvals
to operate its business as currently conducted; except in each case referred to in clause (a) (other than with respect
to the Parent and the Borrower), (b)(i), (c), (d) or (e), to the extent that failure to do so could
not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.

 

Section
5.02                     Authorization;
No Contravention. The execution, delivery and performance
by each Loan Party of each Loan Document to which such Person is a party, and the consummation of the Transaction, (a) have been
duly authorized by all necessary corporate or other organizational action and (b) do not and will not (i) contravene the
terms of any of such Person’s Organization Documents, (ii) conflict with or result in any breach or contravention of, or
require any payment to be made under (A) any Contractual Obligation exceeding the Threshold Amount to which such Person is a party
or affecting such Person or the properties of such Person or any of its Subsidiaries or (B) any material order, injunction, writ
or decree of any Governmental Authority or any arbitral award to which such Person or its property is subject, (iii) result in
the creation of any Lien (other than under the Loan Documents and Liens subject to the Applicable Intercreditor Agreement) or
(iv) violate any material Law; except (in the case of clauses (b)(ii) and (b)(iv)), to the extent that such conflict,
breach, contravention, payment or violation could not, individually or in the aggregate, reasonably be expected to have a Material
Adverse Effect.

 

Section
5.03                     Governmental
Authorization; Other Consents. No approval, consent,
exemption, authorization, or other action by, or notice to, or filing with, any Governmental Authority or any other Person is
necessary or required in connection with (a) the execution, delivery or performance by, or enforcement against, any Loan Party
of this Agreement or any other Loan Document, or for the consummation of the Transaction, (b) the grant by any Loan Party of the
Liens granted by it pursuant to the Collateral Documents, (c) the perfection or maintenance of the Liens created under the Collateral
Documents (including the priority thereof) or (d) the exercise by the Administrative Agent or any Lender of its rights under the
Loan Documents or the remedies in respect of the Collateral pursuant to the Collateral Documents, except for (i) filings necessary
to perfect the Liens on the Collateral granted by the Loan Parties in favor of the Secured Parties, (ii) the approvals, consents,
exemptions, authorizations, actions, notices and filings which have been duly obtained, taken, given or made and are in full force
and effect and (iii) those approvals, consents, exemptions, authorizations or other actions, notices or filings, the failure of
which to obtain or make could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.

 

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Section
5.04                     Binding
Effect. This Agreement and each other Loan Document
has been duly executed and delivered by each Loan Party that is party thereto. This Agreement and each other Loan Document constitutes
a legal, valid and binding obligation of such Loan Party, enforceable against each Loan Party that is party thereto in accordance
with its terms, except as such enforceability may be limited by Debtor Relief Laws and by general principles of equity.

 

Section
5.05                     Financial
Statements; No Material Adverse Effect.

 

(a)               
The Audited Financial Statements and the Unaudited Financial Statements each fairly present in all material respects the
financial condition of the Parent, the Borrower, the Target (if applicable) and the GAAP Consolidated Members of the Borrower,
in each case, as of the dates thereof and their results of operations for the period covered thereby, except as otherwise disclosed
to the Administrative Agent prior to the Closing Date, and in the case of the Audited Financial Statements, prepared in accordance
with GAAP consistently applied throughout the periods covered thereby.

 

(b)               
Since the date of the Audited Financial Statements, there has been no event or circumstance, either individually or in
the aggregate, that has had or could reasonably be expected to have a Material Adverse Effect.

 

Each Lender and the
Administrative Agent hereby acknowledges and agrees that the Parent and its Subsidiaries may be required to restate historical
financial statements as the result of the implementation of changes in GAAP or IFRS, or the respective interpretation thereof,
and that such restatements will not result in a Default or Event of Default under the Loan Documents.

 

Section
5.06                     Litigation.
Except as set forth on Schedule 5.06, there are no actions, suits, proceedings, claims or disputes pending
or, to the knowledge of the Borrower, threatened in writing or contemplated, at law, in equity, in arbitration or before any Governmental
Authority, by or against the Parent, the Borrower or any Restricted Subsidiary or against any of their properties or revenues
that either individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect.

 

Section
5.07                     Ownership
of Property; Liens. Each Loan Party and each of
its Subsidiaries has good and valid title to, or valid leasehold interests in, or easements or other limited property interests
in, all property necessary in the ordinary conduct of its business, free and clear of all Liens except for minor defects in title
that do not materially interfere with its ability to conduct its business or to utilize such assets for their intended purposes,
Permitted Liens and any Liens and privileges arising mandatorily by Law and, in each case, except where the failure to have such
title or other interest could not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect.

 

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

 

(a)               
there are no pending or, to the knowledge of the Borrower, threatened claims, actions, suits, notices of violation, notices
of potential responsibility, disputes or proceedings by or involving any Loan Party or any of its Subsidiaries alleging potential
liability or responsibility for violation of, or otherwise relating to, any Environmental Law;

 

(b)               
 (i) there is no asbestos or asbestos-containing material on any property currently owned, leased or operated by any Loan
Party or any of its Subsidiaries; and (ii) there has been no Release of Hazardous Materials at, on, under or from any location
in a manner which would reasonably be expected to give rise to any Environmental Liability of or relating to any Loan Party or
any of its Subsidiaries;

 

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(c)               
neither any Loan Party nor any of its Subsidiaries is undertaking, or has completed, either individually or together with
other persons, any investigation or response action relating to any actual or threatened Release of Hazardous Materials at any
location, either voluntarily or pursuant to the order of any Governmental Authority or the requirements of any Environmental Law;

 

(d)               
all Hazardous Materials transported from any property currently or, to the knowledge of the Parent, the Borrower or any
of their Subsidiaries, formerly owned, leased or operated by any Loan Party or any of its Subsidiaries for off-site disposal have
been disposed of in compliance with all Environmental Laws;

 

(e)               
none of the Loan Parties nor any of its Subsidiaries has contractually or by operation of Law assumed any Environmental
Liability; and

 

(f)                
the Loan Parties and each of their respective Subsidiaries and their respective businesses, operations and properties are
and have been in compliance with all Environmental Laws.

 

Section
5.09                     Taxes.
The Parent, the Borrower and each Restricted Subsidiary has timely filed all federal, provincial, state, municipal, foreign and
other Tax returns and reports required to be filed, and have timely paid all federal, provincial, state, municipal, foreign and
other Taxes levied or imposed upon them or their properties, income or assets otherwise due and payable, except those which are
being contested in good faith by appropriate proceedings diligently conducted and for which adequate reserves have been provided
in accordance with GAAP or, except for failures to file or pay as could not, either individually or in the aggregate, reasonably
be expected to result in a Material Adverse Effect. There are no Tax audits, deficiencies, assessments or other claims with respect
to the Parent, the Borrower or any Restricted Subsidiary that could, either individually or in the aggregate, reasonably be expected
to result in a Material Adverse Effect.

 

Section
5.10                     Compliance
with ERISA.

 

(a)               
Except as could not, either individually or in the aggregate, reasonably be expected to result in a Material Adverse Effect,
each Plan is in compliance with the applicable provisions of ERISA, the Code and other federal or state Laws and applicable foreign
laws, respectively.

 

(b)               
(i) No ERISA Event or similar event with respect to a Foreign Plan has occurred or is reasonably expected to occur; (ii)
neither any Loan Party nor any ERISA Affiliate has incurred, or reasonably expects to incur, any liability (and no event has occurred
which, with the giving of notice under Section 4219 of ERISA, would result in such liability) under Section 4201 et seq.
or 4243 of ERISA with respect to a Multiemployer Plan; and (iii) neither any Loan Party nor any ERISA Affiliate has engaged in
a transaction that could be subject to Section 4069 or 4212(c) of ERISA, except, with respect to each of the foregoing clauses
of this Section 5.10, as could not reasonably be expected, individually or in the aggregate, to result in a Material Adverse
Effect.

 

Section
5.11                     Subsidiaries;
Equity Interests. As of the Closing Date, neither
the Borrower nor any other Loan Party has any Subsidiaries other than those specifically disclosed in Schedule 5.11,
and all of the outstanding Equity Interests in the Borrower and the Subsidiaries of the Parent have been validly issued, are fully
paid and, in the case of Equity Interests representing corporate interests, nonassessable and, on the Closing Date, all Equity
Interests owned directly or indirectly by the Parent or any other Loan Party are owned free and clear of all Liens except (i) those
created under the Collateral Documents, and (ii) those Liens permitted under Section 7.01. As of the Closing Date, Schedule
5.11 (a) sets forth the name and jurisdiction of organization or incorporation of each Subsidiary, (b) sets forth the
ownership interest of the Parent, the Borrower and each of their Subsidiaries in each of their Subsidiaries, including the percentage
of such ownership and (c) identifies each Person the Equity Interests of which are required to be pledged on the Closing Date
pursuant to the Collateral and Guarantee Requirement.

 

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Section
5.12                     Margin
Regulations; Investment Company Act.

 

(a)               
No Loan Party is engaged nor will it engage, principally or as one of its important activities, in the business of purchasing
or carrying margin stock (within the meaning of Regulation U issued by the FRB), or extending credit for the purpose of purchasing
or carrying margin stock, and no proceeds of the Borrowing will be used for any purpose that violates Regulation U or Regulation
X of the FRB.

 

(b)               
None of the Parent, the Borrower or any Restricted Subsidiary is or is required to be registered as an “investment
company” under the Investment Company Act of 1940, as amended.

 

Section
5.13                     Disclosure.
No report, financial statement, certificate or other written information furnished by or on behalf of any Loan Party to any Agent,
any Lead Arranger or any Lender in connection with the transactions contemplated hereby and the negotiation of this Agreement
or delivered hereunder or any other Loan Document (as modified or supplemented by other information so furnished) when taken as
a whole contains when furnished any untrue statement of a material fact or omits to state a material fact necessary in order to
make the statements contained therein not materially misleading in light of the circumstances under which such statements are
made (giving effect to all supplements and updates thereto); provided that, with respect to projected financial information,
the Borrower represents only that such information was prepared in good faith based upon assumptions believed to be reasonable
at the time of preparation; it being understood that (i) such projections are as to future events and are not to be viewed as
facts and are subject to significant uncertainties and contingencies, many of which are beyond the control of the Borrower, (ii)
no assurance can be given that any particular projections will be realized and that actual results during the period or periods
covered by any such projections may differ significantly from the projected results and (iii) such differences may be material.

 

Section
5.14                     Intellectual
Property; Licenses, Etc. Each of the Loan Parties
and the other Restricted Subsidiaries own, license or possess the right to use, all of the trademarks, service marks, trade names,
domain names, copyrights, patents, patent rights, technology, software, know-how database rights, design rights and other intellectual
property rights, and all registrations and applications for registration thereof (collectively, “IP Rights”)
that are used in or reasonably necessary for the operation of their respective businesses as currently conducted, and, to the
knowledge of the Borrower, without violation of the rights of any Person, except to the extent such violation or failure to own,
license, or possess, either individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect.
No claim or litigation regarding any such IP Rights, is pending or, to the knowledge of the Borrower, threatened against any Loan
Party or Subsidiary, which, either individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect.

 

Section
5.15                     Solvency.
On the Closing Date after giving effect to the Transaction, the Parent, the Borrower and the Restricted Subsidiaries, on a Consolidated
basis, are Solvent.

 

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Section
5.16                     Collateral
Documents. The Collateral Documents are effective
to create in favor of the Collateral Agent for the benefit of the Secured Parties legal, valid and enforceable Liens on and security
interests in, the Collateral described therein and to the extent intended to be created thereby, except as such enforceability
may be limited by Debtor Relief Laws and by general principles of equity, and (i) when all appropriate filings or recordings are
made in the appropriate offices as may be required under applicable Laws (which filings or recordings shall be made to the extent
required by any Collateral Document) and (ii) upon the taking of possession or control by the Collateral Agent of such Collateral
with respect to which a security interest may be perfected only by possession or control (which possession or control shall be
given to the Collateral Agent to the extent required by any Collateral Document or the Applicable Intercreditor Agreement), the
Liens created by such Collateral Documents will constitute so far as possible under relevant Law fully perfected Liens on (with
the priority set forth in the Applicable Intercreditor Agreement), and security interests in, all right, title and interest of
the Loan Parties in such Collateral to the extent perfection can be obtained by filing financing statements or upon the taking
of possession or control, in each case subject to no Liens other than Permitted Liens.

 

Section
5.17                     Use
of Proceeds. The proceeds of the Bridge Loans shall
be used in a manner consistent with the uses set forth in the Preliminary Statements to this Agreement.

 

Section
5.18                     Sanctions
Laws and Regulations and Anti-Corruption Laws.

 

(a)               
Each of the Parent, the Borrower and the Restricted Subsidiaries is in compliance, in all material respects, with the Sanctions
Laws and Regulations and applicable anti-corruption laws (including, without limitation, the FCPA). No Borrowing or use of proceeds
of the Borrowing will violate or result in the violation of any Sanctions Laws and Regulations applicable to any party hereto.

 

(b)               
None of (I) the Borrower or any other Loan Party or (II) a Restricted Subsidiary that is not a Loan Party or, to the knowledge
of the Borrower, any director, manager, officer, agent or employee of the Parent, the Borrower or any of the Restricted Subsidiaries,
in each case, is (i) a Person (or owned 50% or more by one or more Persons or under Control of a Person) on the list of “Specially
Designated Nationals and Blocked Persons” or the target of the limitations or prohibitions under any Sanctions Laws and
Regulations, or (ii) a Person located, organized, or resident in a country or territory that is the subject of comprehensive sanctions
under Sanctions Laws and Regulations (currently, Crimea, Cuba, Iran, North Korea, Sudan and Syria).

 

(c)               
No part of the proceeds of any Loan will be used for any improper payments, directly or, to the knowledge of the Borrower,
indirectly, to any governmental official or employee, political party, official of a political party, candidate for political
office, or any other party (if applicable) in order to obtain, retain or direct business or obtain any improper advantage, in
violation of the FCPA and any applicable similar laws, rules or regulations issued, administered or enforced by any Governmental
Authority having jurisdiction over the Borrower.

 

ARTICLE
VI

 

Affirmative Covenants

 

From
and after the Closing Date and for so long as any Lender shall have any Bridge Commitment hereunder, any Loan or other Obligation
hereunder which is accrued and payable shall remain unpaid or unsatisfied (other than contingent indemnification obligations not
yet due), the Parent and the Borrower shall, and shall (except in the case of the covenants set forth in Section 6.01,
Section 6.02 and Section 6.03) cause each of its Restricted Subsidiaries to:

 

Section
6.01                     Financial
Statements. Deliver to the Administrative Agent
for prompt further distribution to each Lender:

 

(a)               
as soon as available, but in any event within one hundred and twenty (120) days after the end of each fiscal year of the
Parent, a Consolidated balance sheet of the Parent, the Borrower and the Restricted Subsidiaries as at the end of such fiscal
year, and the related consolidated statements of income or operations, stockholders’ equity, cash flows and changes in retained
earnings for such fiscal year, setting forth in each case in comparative form the figures for the previous fiscal year, all in
reasonable detail and prepared in accordance with GAAP, audited and accompanied by a report and opinion of an independent registered
public accounting firm of nationally recognized standing, which report and opinion shall be prepared in accordance with generally
accepted auditing standards and shall not be subject to any “going concern” or like qualification or exception (other
than (x) an emphasis of matter to the extent such statement does not qualify such audit, (y) with respect to, or resulting from,
the regularly scheduled maturity of the Loans hereunder, the First Lien Facility or the ABL Facility occurring within one year
from the time opinion is delivered or (z) a prospective default under any financial covenant) or any qualification or exception
as to the scope of such audit;

 

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(b)               
as soon as available, but in any event, within forty five (45) days after the end of each of the first three (3) fiscal
quarters of each fiscal year of the Parent, a Consolidated balance sheet of the Parent, the Borrower and the Restricted Subsidiaries
as at the end of such fiscal quarter, and the related (i) consolidated statements of income or operations and equity for such
fiscal quarter and for the portion of the fiscal year then ended, and (ii) consolidated statements of cash flows for the portion
of the fiscal year then ended, setting forth in each case in comparative form the figures for the corresponding fiscal quarter
of the previous fiscal year and the corresponding portion of the previous fiscal year, all in reasonable detail and certified
by a Responsible Officer of the Borrower as fairly presenting in all material respects the financial condition, results of operations,
stockholders’ equity and cash flows of the Parent, the Borrower and the other Subsidiaries in accordance with GAAP, subject
only to normal year-end adjustments and the absence of footnotes;

 

(c)               
simultaneously with the delivery of each set of consolidated financial statements referred to in Section 6.01(a)
and (b) above, the related consolidating financial statements reflecting the adjustments necessary to eliminate the accounts
of Unrestricted Subsidiaries (if any) from such consolidated financial statements and, solely with the delivery of each set of
consolidated financial statements referred to in Section 6.01(a) above, a customary management discussion and analysis of operating
results.

 

Notwithstanding
the foregoing, the obligations in paragraphs (a) and (b) of this Section 6.01 may be satisfied
with respect to financial information of the Parent, the Borrower and the Restricted Subsidiaries by furnishing (A) the applicable
consolidated financial statements of any direct or indirect parent of the Parent that, directly or indirectly, holds all of the
Equity Interests of the Parent, (B) the Parent’s (or any direct or indirect parent thereof, as applicable) Form 10-K or
10-Q, as applicable, filed with the SEC or (C) following an election by the Borrower pursuant to the definition of “GAAP,”
the applicable financial statements determined in accordance with IFRS; provided that, with respect to each of clauses
(A) and (B), (i) to the extent such information relates to a parent of the Parent, such information is accompanied
by consolidating information that explains in reasonable detail the differences between the information relating to such parent,
on the one hand, and the information relating to the Parent, the Borrower and the Restricted Subsidiaries on a standalone basis,
on the other hand and (ii) to the extent such information is in lieu of information required to be provided under Section 6.01(a),
such materials are accompanied by a report and opinion an independent registered public accounting firm of nationally recognized
standing, which report and opinion, subject to the same exceptions set forth above, shall be prepared in accordance with generally
accepted auditing standards.

 

Section
6.02                     Certificates;
Other Information. Deliver to the Administrative
Agent for prompt further distribution to each Lender:

 

(a)               
no later than five (5) days after the delivery of the financial statements referred to in Section 6.01(a) and (b),
a duly completed Compliance Certificate signed by a Responsible Officer of the Borrower;

 

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(b)               
promptly after the same are publicly available, copies of all annual, regular, periodic and special reports and registration
statements which the Parent or the Borrower files with the SEC or with any Governmental Authority that may be substituted therefor
(other than amendments to any registration statement (to the extent such registration statement, in the form it became effective,
is delivered), exhibits to any registration statement and, if applicable, any registration statement on Form S-8) and in any case
not otherwise required to be delivered to the Administrative Agent pursuant hereto;

 

(c)               
promptly after the furnishing thereof, copies of any material requests or material notices received by the Parent, the
Borrower or any Restricted Subsidiary (other than in the ordinary course of business) that could reasonably be expected to result
in a Material Adverse Effect;

 

(d)               
together with the delivery of the financial statements pursuant to Section 6.01(a) and each Compliance Certificate
pursuant to Section 6.02(a), (i) a report setting forth the information required by Section 3.03 of the Security
Agreement or confirming that there has been no change in such information since the Closing Date or the date of the last Compliance
Certificate, (ii) a description of each event, condition or circumstance during the last fiscal quarter covered by such Compliance
Certificate requiring a prepayment under Section 2.05(b), (iii) a list of Subsidiaries that identifies each Subsidiary
as a Material Subsidiary, Unrestricted Subsidiary or an Immaterial Subsidiary as of the date of delivery of such Compliance Certificate
or a confirmation that there is no change in such information since the later of the Closing Date or the date of the last such
list and (iv) such other information required by the Compliance Certificate;

 

(e)               
no later than one hundred and twenty (120) days following the first day of each fiscal year of the Parent (commencing with
the first day of the first fiscal year of the Parent ended after the Closing Date), an annual budget (on a quarterly basis) for
such fiscal year in form customarily prepared by the Borrower;

 

(f)                
promptly, such additional information regarding the business, legal, financial or corporate affairs of any Loan Party or
any Material Subsidiary, or compliance with the terms of the Loan Documents, as the Administrative Agent or any Lender through
the Administrative Agent may from time to time reasonably request; and

 

(g)               
promptly after the furnishing thereof, copies of any material notices received by the Parent, the Borrower or any Restricted
Subsidiary under the First Lien Facility.

 

Documents
required to be delivered pursuant to Section 6.01(a), (b) and (c), Section 6.02(a), or Section
6.02(c) may be delivered electronically and if so delivered, shall be deemed to have been delivered on the date (i) on which
the Borrower posts such documents, or provides a link thereto on the Borrower’s website on the Internet at the website address
listed on Schedule 10.02; or (ii) on which such documents are posted on the Borrower’s behalf on IntraLinks/IntraAgency
or another relevant website, if any, to which each Lender and the Administrative Agent have access (whether a commercial, third-party
website or whether sponsored by the Administrative Agent); provided that: (i) upon written request by the Administrative
Agent, the Borrower shall deliver paper copies of such documents to the Administrative Agent for further distribution to each
Lender until a written request to cease delivering paper copies is given by the Administrative Agent and (ii) the Borrower shall
notify (which may be by facsimile or electronic mail) the Administrative Agent of the posting of any such documents and provide
to the Administrative Agent by electronic mail electronic versions (i.e., soft copies) of such documents. Each Lender shall
be solely responsible for timely accessing posted documents or requesting delivery of paper copies of such documents from the
Administrative Agent and maintaining its copies of such documents.

 

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The
Borrower represents and warrants that it, its controlling Person and any Subsidiary, in each case, if any, either (i) has no registered
or publicly traded securities outstanding, or (ii) files its financial statements with the SEC and/or makes its financial statements
available to potential holders of its 144A securities, and, accordingly, the Borrower hereby (i) authorizes the Administrative
Agent to make the financial statements to be provided under Section 6.01(a), (b) and (c) and Section
6.02(a) or Section 6.02(c) above (collectively, “Borrower Materials”), along with the Loan Documents,
available on IntraLinks or another similar electronic system (the “Platform”) to certain of the Lenders (each,
a “Public Lender”) that may have personnel who do not wish to receive material non-public information with
respect to the Borrower or its Affiliates, or the respective securities of any of the foregoing, and who may be engaged in investment
and other market-related activities with respect to such Persons’ securities, and (ii) agrees that at the time such financial
statements are provided hereunder, they shall already have been made available to holders of its securities. The Borrowers hereby
agree that they will use commercially reasonable efforts to identify that portion of the Borrower Materials that may be distributed
to the Public Lenders and that (x) all such Borrower Materials shall be clearly and conspicuously marked “PUBLIC”
which, at a minimum, shall mean that the word “PUBLIC” shall appear prominently on the first page thereof; (y) all
Borrower Materials marked “PUBLIC” are permitted to be made available through a portion of the Platform designated
 “Public Side Information;” and (z) the Administrative Agent and the Lead Arrangers shall be entitled to treat any
Borrower Materials that are not marked “PUBLIC” as being suitable only for posting on a portion of the Platform not
designated “Public Side Information.” The Administrative Agent shall be under no obligation to post any other material
to Public Lenders unless the Borrower has expressly represented and warranted to the Administrative Agent in writing that such
materials do not constitute material non-public information within the meaning of the federal securities laws or that the Borrower
has no outstanding publicly traded securities, including 144A securities.

 

Section
6.03                     Notices.
Promptly after a Responsible Officer obtains actual knowledge thereof, notify the Administrative Agent for prompt further distribution
to each Lender:

 

(a)               
of the occurrence of any Default, which notice shall specify the nature thereof, the period of existence thereof and what
action the Borrower proposes to take with respect thereto;

 

(b)               
of any litigation or governmental proceeding (including, without limitation, pursuant to any Environmental Laws) pending
against the Parent, the Borrower or any of the Restricted Subsidiaries that could reasonably be expected to be determined adversely
and, if so determined, to result in a Material Adverse Effect; and

 

(c)               
of the occurrence of any ERISA Event that could reasonably be expected to have a Material Adverse Effect.

 

Section
6.04                     Maintenance
of Existence. (a) Preserve, renew and maintain in
full force and effect its legal existence under the Laws of the jurisdiction of its organization or incorporation and (b) take
all reasonable action to maintain all rights (including IP Rights), privileges (including its good standing), permits, licenses
and franchises necessary or desirable in the normal conduct of its business, except in the case of clauses (a) (other than
with respect to the Borrower and the Parent) and (b), (i) to the extent that failure to do so could not reasonably be expected
to have a Material Adverse Effect or (ii) pursuant to a transaction permitted by Section 7.04 or Section 7.05.

 

Section
6.05                     Maintenance
of Properties. Except if the failure to do so could
not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect, (a) maintain, preserve and protect
all of its material properties and equipment necessary in the operation of its business in good working order, repair and condition,
ordinary wear and tear excepted and casualty or condemnation excepted, and (b) make all necessary renewals, replacements, modifications,
improvements, upgrades, extensions and additions thereof or thereto in accordance with prudent industry practice.

 

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Section
6.06                     Maintenance
of Insurance. Maintain with financially sound and
reputable insurance companies, insurance with respect to its properties and business against loss or damage of the kinds customarily
insured against by Persons engaged in the same or similar business, of such types and in such amounts (after giving effect to
any self-insurance reasonable and customary for similarly situated Persons engaged in the same or similar businesses as the Parent,
the Borrower and the Restricted Subsidiaries) as are customarily carried under similar circumstances by such other Persons. 

 

Section
6.07                     Compliance
with Laws. Comply in all respects with the requirements
of all Laws and all orders, writs, injunctions, decrees and judgments applicable to it or to its business or property (including
without limitation Environmental Laws, ERISA, Sanctions Laws and Regulations and FCPA and other applicable anti-corruption laws),
except if the failure to comply therewith could not, individually or in the aggregate reasonably be expected to have a Material
Adverse Effect.

 

Section
6.08                     Books
and Records. Maintain proper books of record and
account, in which entries that are full, true and correct in all material respects and are in conformity with GAAP consistently
applied shall be made of all material financial transactions and matters involving the assets and business of the Parent, the
Borrower or such Restricted Subsidiary, as the case may be.

 

Section
6.09                     Inspection
Rights. Permit representatives and independent contractors
of the Administrative Agent and each Lender to visit and inspect any of its properties and to discuss its affairs, finances and
accounts with its directors, managers, officers, and independent public accountants, all at the reasonable expense of the Borrower
and at such reasonable times during normal business hours and as often as may be reasonably desired, upon reasonable advance notice
to the Borrower; provided that, excluding any such visits and inspections during the continuation of an Event of Default,
only the Administrative Agent on behalf of the Lenders may exercise rights of the Administrative Agent and the Lenders under this
Section 6.09 and the Administrative Agent shall not exercise such rights more often than two (2) times during any
calendar year absent the existence of an Event of Default and only one (1) such time shall be at the Borrower’s expense;
provided, further, that when an Event of Default exists, the Administrative Agent or any Lender (or any of their
respective representatives or independent contractors) may do any of the foregoing at the expense of the Borrower at any time
during normal business hours and upon reasonable advance notice. The Administrative Agent and the Lenders shall give the Borrower
the opportunity to participate in any discussions with the Borrower’s independent public accountants. Notwithstanding anything
to the contrary in this Section 6.09, none of the Parent, the Borrower or any Restricted Subsidiary will be required to
disclose or permit the inspection or discussion of, any document, information or other matter (i) that constitutes non-financial
trade secrets or non-financial proprietary information, (ii) in respect of which disclosure to the Administrative Agent or any
Lender (or their respective representatives or contractors) is prohibited by Law or any binding agreement or (iii) that is subject
to attorney client or similar privilege or constitutes attorney work product.

 

Section
6.10                     Covenant
to Guarantee Obligations and Give Security. At the
Borrower’s expense, take all action necessary or reasonably requested by the Administrative Agent to ensure that the Collateral
and Guarantee Requirement continues to be satisfied, including:

 

(a)               
upon the formation or acquisition of any new direct or indirect Wholly Owned Subsidiary (in each case, other than an Excluded
Subsidiary) by any Loan Party, the designation in accordance with Section 6.13 of any existing direct or indirect Wholly
Owned Subsidiary as a Restricted Subsidiary or any Excluded Subsidiary ceasing to be an Excluded Subsidiary or designation of
any Subsidiary as a Guarantor pursuant to the definition of Guarantors,

 

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(i)                
within forty five (45) days after such formation, acquisition, designation or occurrence or such longer period as the Administrative
Agent may agree in its reasonable discretion:

 

(A)              
90 days following the Administrative Agent’s receipt of the notice of such formation, acquisition, designation or occurrence,
cause each such Restricted Subsidiary to duly execute and deliver to the Administrative Agent or the Collateral Agent (as appropriate),
pledges, guarantees, assignments, Security Agreement Supplements and other security agreements and documents or joinders or supplements
thereto, as reasonably requested by and in form and substance reasonably satisfactory to the Administrative Agent and the Collateral
Agent (to the extent applicable, consistent with the Security Agreement and other Collateral Documents in effect on the Closing
Date), in each case granting Liens required by the Collateral and Guarantee Requirement;

 

(B)             
cause each such Restricted Subsidiary to deliver any and all certificates representing Equity Interests (to the extent certificated)
that are required to be pledged pursuant to the Collateral and Guarantee Requirement, accompanied by undated stock powers or other
appropriate instruments of transfer executed in blank and (if applicable) instruments evidencing the Indebtedness held by such
Restricted Subsidiary and required to be pledged pursuant to the Collateral Documents, indorsed in blank to the Collateral Agent;
and

 

(C)             
take and cause such Restricted Subsidiary and each direct or indirect parent of such Restricted Subsidiary that is required to
become a Guarantor pursuant to the Collateral and Guarantee Requirement to take whatever action (including the filing of financing
statements and delivery of stock and membership interest certificates) may be necessary in the reasonable opinion of the Collateral
Agent to vest in the Collateral Agent (or in any representative of the Collateral Agent designated by it) valid and perfected
Liens with the priority required by the Collateral and Guarantee Requirement, enforceable against all third parties in accordance
with their terms, except as such enforceability may be limited by Debtor Relief Laws and by general principles of equity (regardless
of whether enforcement is sought in equity or at law).

 

Section
6.11                     Use
of Proceeds. Use the proceeds of any Credit
Extension, whether directly or indirectly, in a manner consistent with the uses set forth in the Preliminary Statements to this
Agreement.

 

Section
6.12                     Further
Assurances.

 

(a)               
Promptly upon reasonable request by the Administrative Agent or the Collateral Agent (i) correct any material defect or
error that may be discovered in the execution, acknowledgment, filing or recordation of any Collateral Document or other document
or instrument relating to any Collateral, and (ii) subject to the limitations set forth in the Collateral and Guarantee Requirement,
do, execute, acknowledge, deliver, record, re-record, file, re-file, register and re-register any and all such further acts, deeds,
certificates, assurances and other instruments as the Administrative Agent or the Collateral Agent may reasonably request from
time to time in order to carry out more effectively the purposes of this Agreement and the Collateral Documents; provided,
however, that notwithstanding anything to the contrary contained in this Agreement or any other Collateral Document, nothing in
this Agreement or any other Collateral Document shall require the Borrower or any other Loan Party to make any filings or take
any actions to record or to perfect the Collateral Agent’s security interest in (i) any IP Rights other than UCC filings
and the filing of documents effecting the recordation of security interests in the United States Copyright Office or United States
Patent and Trademark Office, or (ii) any non-United States IP Rights;

 

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Section
6.13                     Designation
of Subsidiaries.

 

(a)               
Subject to Section 6.13(b) below, the Borrower may at any time designate any Restricted Subsidiary as an Unrestricted
Subsidiary or any Unrestricted Subsidiary as a Restricted Subsidiary. The designation of any Restricted Subsidiary as an Unrestricted
Subsidiary shall constitute an Investment by the applicable Loan Party therein at the date of designation in an amount equal to
the fair market value of such Loan Party’s investment therein. The designation of any Unrestricted Subsidiary as a Restricted
Subsidiary shall constitute the incurrence at the time of designation of any Indebtedness or Liens of such Subsidiary existing
at such time.

 

(b)               
The Borrower may not (x) designate any Restricted Subsidiary as an Unrestricted Subsidiary, or (y) designate an Unrestricted
Subsidiary as a Restricted Subsidiary, in each case unless

 

(i)                
no Specified Event of Default shall have occurred or be continuing; and

 

(ii)              
in the case of clause (x) only, (A) the Subsidiary to be so designated does not (directly, or indirectly through
its Subsidiaries) own any Equity Interests or Indebtedness of, or own or hold any Lien on any property of, the Parent, the Borrower
or any Restricted Subsidiary (unless such Restricted Subsidiary is also designated an Unrestricted Subsidiary) and (B) neither
the Borrower nor the Parent nor any Restricted Subsidiary shall at any time be directly or indirectly liable for any Indebtedness
that provides that the holder thereof may (with the passage of time or notice or both) declare a default thereon or cause the
payment thereof to be accelerated or payable prior to its stated maturity upon the occurrence of a default with respect to any
Indebtedness, Lien or other obligation of any Unrestricted Subsidiary (including any right to take enforcement action against
such Unrestricted Subsidiary).

 

Section
6.14                     Payment
of Taxes. The Borrower will pay and discharge, and
will cause each of the Restricted Subsidiaries to pay and discharge, all Taxes imposed upon it or upon its income or profits,
or upon any properties belonging to it, in each case on a timely basis, and all lawful claims which, if unpaid, may reasonably
be expected to become a lien or charge upon any properties of the Parent, the Borrower or any of the Restricted Subsidiaries not
otherwise permitted under this Agreement; provided that neither the Borrower nor the Parent nor any of the Restricted Subsidiaries
shall be required to pay any such Tax or claim which is being contested in good faith and by proper proceedings if it has maintained
adequate reserves with respect thereto in accordance with GAAP or which would not reasonably be expected, individually or in the
aggregate, to constitute a Material Adverse Effect.

 

Section
6.15                     Nature
of Business. The Parent, Borrower and the Restricted
Subsidiaries will engage only in material lines of business substantially similar to those lines of business conducted by the
Parent, the Borrower and the Restricted Subsidiaries on the Closing Date or any business reasonably related, complementary or
ancillary thereto.

 

Section
6.16                     Maintenance
of Rating of the Borrower and the Facilities. The
Parent, the Borrower and the Restricted Subsidiaries shall use commercially reasonable efforts to maintain (i) a public corporate
credit rating (but not any particular rating) from S&P and a public corporate family rating (but not any particular rating)
from Moody’s, in each case in respect of the Borrower and (ii) a public rating (but not any particular rating) in respect
of the Loans from each of S&P and Moody’s.

  

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Section
6.17                     [Reserved].

 

Section
6.18                     Senior
Exchange Notes.

 

(a)               
The Borrower shall, as promptly as practicable after being requested to do so by the Lenders at any time on or after the
Extension Date, (i) select a bank or trust company reasonably acceptable to the Lenders to act as Exchange Notes Trustee, (ii)
enter into the Exchange Notes Indenture and (iii) cause counsel to the Borrower to deliver to the Administrative Agent an executed
legal opinion in form and substance customary for a transaction of that type to be mutually agreed upon by the Borrower and the
Administrative Agent (including, without limitation, with respect to due authorization, execution and delivery, validity, and
enforceability of the Senior Exchange Notes Indenture); it being understood and agreed that the taking of the acts set forth in
clauses (i) through (iii) above in connection with an offering of Securities or Demand Securities (each as defined in the Fee
Letter) pursuant to a "Securities Demand" in the Fee Letter shall, to the extent applicable, satisfy the obligations
of the Borrower under this Section 6.18(a).

 

(b)               
The Borrower will, upon the irrevocable written request (the “Exchange Request”) of any Lender holding
Extended Term Loans made on the Extension Date or on the 15th calendar day of any month thereafter (or the immediately succeeding
Business Day if such calendar day is not a Business Day),

 

(i)                
execute and deliver, cause each other Loan Party to execute and deliver and cause the Exchange Notes Trustee to execute
and deliver, the Exchange Notes Indenture if such Exchange Notes Indenture has not previously been executed and delivered; and

 

(ii)              
execute and deliver to such Lender in accordance with the Exchange Notes Indenture an Exchange Note bearing interest at
a fixed rate per annum equal to the Total Cap in exchange for such Extended Term Loans dated the date of the issuance of such
Exchange Note, payable to the order of such Lender in the same principal amount as such Extended Term Loan (or portion thereof)
being exchanged.

 

The Exchange Request
shall specify the principal amount of the Extended Term Loans to be exchanged pursuant to this Section 6.18 (it being understood
that such request shall be at least $500,000 and shall be in increments of an amount of $100,000 in excess thereof or, if less,
the entire remaining aggregate principal amount of the Extended Term Loans of such Lender). Extended Term Loans delivered to the
Borrower under this Section 6.18 in exchange for Exchange Notes shall be canceled by the Borrower, and the corresponding
amount of the Extended Term Loans deemed repaid and the Exchange Notes shall be governed by, and construed in accordance with,
the terms of the Exchange Notes Indenture. The Borrower shall not be required to comply with any Exchange Request until the aggregate
principal amount of Extended Term Loans covered by Exchange Requests issued since the Extension Date is at least $150,000,000.

 

(c)               
The Exchange Notes Trustee shall at all times be a corporation organized and doing business under the laws of the United
States or the State of New York, in good standing and having its principal offices in the Borough of Manhattan, in The City of
New York, which is authorized under such laws to exercise corporate trust powers and is subject to supervision or examination
by federal or state authority and which has a combined capital and surplus of not less than $500,000,000.

 

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(d)               
It is understood and agreed that the Extended Term Loans exchanged for Exchange Notes constitute the same Indebtedness
as such Exchange Notes and that no novation shall be effected by any such exchange.

 

Section
6.19                     Securities
Demand. The Borrower shall comply with the provisions set forth under the heading “Securities Demand” in the Fee
Letter.

 

Section
6.20                     Refinancing
of Bridge Loans. Promptly following the Closing Date, the Borrower shall use commercially reasonable efforts to refinance
the Bridge Loans with securities, incremental term loans under the First Lien Credit Agreement or any component of the Permanent
Financing.

 

ARTICLE
VII

 

Negative Covenants

 

From
and after the Closing Date and so long as any Lender shall have any Bridge Commitment hereunder, any Loan or other Obligation
hereunder which is accrued and payable shall remain unpaid or unsatisfied (other than contingent indemnification obligations not
yet due and payable), the Parent and the Borrower shall not, nor shall they permit the Restricted Subsidiaries to:

 

Section
7.01                     Liens.
Create, incur, assume or suffer to exist any Lien upon any of its property, assets or revenues, whether now owned or hereafter
acquired, other than the following:

 

(a)               
Liens pursuant to any Loan Document;

 

(b)               
Liens existing on the date hereof and set forth on Schedule 7.01(b);

 

(c)               
Liens for Taxes, assessments or governmental charges (i) which are not overdue for a period of more than thirty (30) days,
(ii) which are being contested in good faith and by appropriate proceedings diligently conducted, if adequate reserves with respect
thereto are maintained on the books of the applicable Person to the extent required in accordance with GAAP or (iii) the nonpayment
of which would not result in a breach of Section 6.14;

 

(d)               
statutory or common law Liens of landlords, carriers, warehousemen, mechanics, materialmen, repairmen, construction contractors
or other like Liens arising in the ordinary course of business (i) which secure amounts not overdue for a period of more than
thirty (30) days or if more than thirty (30) days overdue, are unfiled (or, if, filed have been discharged or stayed) and no other
action has been taken to enforce such Lien or (ii) which are being contested in good faith and by appropriate proceedings diligently
conducted, if adequate reserves with respect thereto are maintained on the books of the applicable Person to the extent required
in accordance with GAAP;

 

(e)               
(i) pledges, deposits or Liens arising as a matter of law in the ordinary course of business in connection with workers’
compensation, payroll taxes, unemployment insurance and other social security legislation and (ii) pledges and deposits in the
ordinary course of business securing liability for reimbursement or indemnification obligations of (including obligations in respect
of letters of credit or bank guarantees for the benefit of) insurance carriers providing property, casualty or liability insurance
to the Parent, the Borrower or any Restricted Subsidiary;

 

(f)                
Liens incurred in the ordinary course of business to secure the performance of bids, trade contracts, governmental contracts
and leases (other than Indebtedness for borrowed money), statutory obligations, surety, stay, customs and appeal bonds, performance
bonds and other obligations of a like nature (including those to secure health, safety and environmental obligations);

 

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(g)               
easements, rights-of-way, restrictions, covenants, conditions, encroachments, protrusions and other similar encumbrances
and minor title defects affecting real property which, in the aggregate, do not in any case materially interfere with the ordinary
conduct of the business of the Parent, the Borrower or any Restricted Subsidiary;

 

(h)               
Liens securing judgments for the payment of money not constituting an Event of Default under Section 8.01(h);

 

(i)                
Liens securing Indebtedness permitted under Section 7.03(f); provided that (i) such Liens attach concurrently
with or within two hundred and seventy (270) days after the acquisition, construction, repair, replacement or improvement (as
applicable) of the property subject to such Liens, (ii) such Liens do not at any time encumber any property other than the property
financed by such Indebtedness, replacements thereof and additions and accessions to such property and the proceeds and the products
thereof and customary security deposits, and (iii) with respect to Capitalized Leases, such Liens do not at any time extend to
or cover any assets (except for additions and accessions to such assets, replacements and products thereof and customary security
deposits) other than the assets subject to such Capitalized Leases; provided that individual financings of equipment provided
by one lender may be cross-collateralized to other financings of equipment provided by such lender;

 

(j)                
leases, licenses, subleases or sublicenses and Liens on the property covered thereby, in each case, granted to others in
the ordinary course of business which do not (i) interfere in any material respect with the business of the Parent, the Borrower
or any Restricted Subsidiary, taken as a whole, or (ii) secure any Indebtedness;

 

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

 

(l)                
Liens (i) of a collection bank (including those arising under Section 4-210 of the Uniform Commercial Code) on the items
in the course of collection and (ii) in favor of a banking or other financial institution arising as a matter of law encumbering
deposits or other funds maintained with a financial institution (including the right of set off) and which are within the general
parameters customary in the banking industry;

 

(m)             
Liens (i) on cash advances in favor of the seller of any property to be acquired in an Investment permitted pursuant to
Section 7.02(j), (n), (t) or (y) to be applied against the purchase price for such Investment and
(ii) consisting of an agreement to Dispose of any property in a Disposition permitted under Section 7.05, in each case,
solely to the extent such Investment or Disposition, as the case may be, would have been permitted on the date of the creation
of such Lien;

 

(n)               
Liens in favor of the Borrower or a Restricted Subsidiary securing Indebtedness permitted under Section 7.03(e);
provided that any Lien in favor of a Restricted Subsidiary that is not a Loan Party shall be a Lien ranking junior to the Lien
on the Collateral securing the Obligations and such Indebtedness may not be secured by any assets that are not Collateral;

 

(o)               
Liens existing on property at the time of its acquisition or existing on the property of any Person at the time such Person
becomes a Restricted Subsidiary (other than by designation as a Restricted Subsidiary pursuant to Section 6.13), in each
case after the date hereof; provided that (i) such Lien was not created in contemplation of such acquisition or such Person
becoming a Restricted Subsidiary, (ii) such Lien does not extend to or cover any other assets or property (other than the proceeds
or products thereof and other than after-acquired property subjected to a Lien securing Indebtedness and other obligations incurred
prior to such time and which Indebtedness and other obligations are permitted hereunder that require, pursuant to their terms
at such time, a pledge of after-acquired property, it being understood that such requirement shall not be permitted to apply to
any property to which such requirement would not have applied but for such acquisition), and (iii) the Indebtedness secured thereby
is permitted under Section 7.03;

 

    -90-

     

    

 

(p)               
any interest or title of a lessor or sublessor under leases or subleases entered into by the Parent, the Borrower or any
Restricted Subsidiary in the ordinary course of business;

 

(q)               
Liens, if any, arising out of conditional sale, title retention, consignment or similar arrangements for sale of goods
entered into by the Parent, the Borrower or any Restricted Subsidiary in the ordinary course of business;

 

(r)                
Liens that are contractual rights of set-off (i) relating to the establishment of depository relations with banks or other
financial institutions not given in connection with the incurrence of Indebtedness, (ii) relating to pooled deposit or sweep accounts
of the Parent, the Borrower or any Restricted Subsidiary to permit satisfaction of overdraft or similar obligations incurred in
the ordinary course of business of the Parent, the Borrower or any Restricted Subsidiary or (iii) relating to purchase orders
and other agreements entered into with customers of the Parent, the Borrower or any Restricted Subsidiary in the ordinary course
of business;

 

(s)                
Liens, if any, arising from precautionary Uniform Commercial Code financing statement filings;

 

(t)                
Liens on insurance policies and the proceeds thereof securing the financing of the premiums with respect thereto;

 

(u)               
any zoning or similar law or right reserved to or vested in any Governmental Authority to control or regulate the use of
any real property that does not materially interfere with the ordinary conduct of the business of the Parent, the Borrower or
any Restricted Subsidiary;

 

(v)               
Liens on specific items of inventory or other goods and the proceeds thereof securing such Person’s obligations in
respect of documentary letters of credit issued for the account of such Person to facilitate the purchase, shipment or storage
of such inventory or goods;

 

(w)              
the modification, replacement, renewal or extension of any Lien permitted by clauses (b), (i) and (o)
of this Section 7.01; provided that (i) the Lien does not extend to any additional property other than (A) after-acquired
property that is affixed or incorporated into the property covered by such Lien or financed by Indebtedness permitted under Section
7.03, and (B) proceeds and products thereof; and (ii) the renewal, extension or refinancing of the obligations secured or
benefited by such Liens is permitted by Section 7.03;

 

(x)               
ground leases in respect of real property on which facilities owned or leased by the Parent, the Borrower or any Restricted
Subsidiary are located;

 

(y)               
Liens on property of a Non-Loan Party securing Indebtedness or other obligations of such Non-Loan Party;

 

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(z)               
Liens solely on any cash earnest money deposits made by the Parent, the Borrower or any Restricted Subsidiary in connection
with any letter of intent or purchase agreement permitted hereunder;

 

(aa)            
[reserved];

 

(bb)           
Liens securing Indebtedness permitted pursuant to Section 7.03(m);

 

(cc)            
other Liens securing Indebtedness or other obligations in an aggregate principal amount at any time outstanding not to
exceed the greater of (x) $40,000,000 and (y) 40% of Consolidated EBITDA of the Parent, the Borrower and the Restricted Subsidiaries
for the most recently ended Test Period calculated on a Pro Forma Basis;

 

(dd)           
Liens securing Indebtedness permitted pursuant to Section 7.03(w); provided that such Liens may be either
a Lien on the Collateral that is pari passu with the Lien securing the Obligations or a Lien ranking junior to the
Lien on the Collateral securing the Obligations (but may not be secured by any assets that are not Collateral) and, in any such
case, the beneficiaries thereof (or an agent on their behalf) shall have entered into the Applicable Intercreditor Agreement;

 

(ee)            
Liens securing Indebtedness permitted pursuant to Section 7.03(v); provided that, (i) such Liens shall only
secure the obligations secured on the date of the related Permitted Acquisition or other Investment and such liens shall not extend
to any other property of the Parent, the Borrower and the Restricted Subsidiaries and (ii) to the extent such Liens are on the
Collateral, the beneficiaries thereof (or an agent on their behalf) shall have entered into the Applicable Intercreditor Agreement;

 

(ff)              
Liens on the Collateral securing Indebtedness permitted pursuant to Section 7.03(b); provided that (A) in
the case of Indebtedness permitted pursuant to Section 7.03(b)(A) and any Permitted Refinancing thereof, the representative in
respect thereof shall have entered into the Applicable Intercreditor Agreement, which shall provide that (i) the Liens on the
ABL Priority Collateral securing such Indebtedness may be pari passu or senior to the Liens on the ABL Priority Collateral securing
the Obligations and (ii) the Liens on the Term Priority Collateral securing such Indebtedness shall be junior to the Liens on
the Term Priority Collateral securing the Obligations and (B) in the case of Indebtedness permitted pursuant to Section 7.03(b)(B)
and any Permitted Refinancing thereof, the representative in respect thereof shall have entered into the Applicable Intercreditor
Agreement, which shall provide that the Liens securing the First Lien Facility rank pari passu with the Liens securing the Obligations;

 

(gg)           
with respect to any Foreign Subsidiary, other Liens and privileges arising mandatorily by Law;

 

(hh)           
Liens on receivables and related assets arising in connection with a Permitted Receivables Financing;

 

(ii)              
Liens securing Indebtedness permitted to be secured pursuant to Section 7.03(r); provided that to the extent
such Liens are on the Collateral, (i) such Liens may be either a Lien that is pari passu with the Lien securing the Obligations
or a Lien ranking junior to the Lien securing the Obligations and (ii) the beneficiaries thereof (or an agent on their behalf)
shall have entered into the Applicable Intercreditor Agreement; and

 

(jj)              
Liens on the Equity Interests of JV Entities securing financing arrangements for the benefit of the applicable JV Entity
that are not otherwise prohibited under this Agreement.

 

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Section
7.02                     Investments.
Make any Investments, except:

 

(a)               
Investments by the Parent, the Borrower or any Restricted Subsidiary in assets that were Cash Equivalents when such Investment
was made;

 

(b)               
loans or advances to officers, directors, managers, partners and employees of the Parent (or any direct or indirect parent
thereof), any Intermediate Holding Company, the Borrower or the Restricted Subsidiaries (i) for reasonable and customary business-related
travel, entertainment, relocation, customary fringe benefits and analogous ordinary business purposes, (ii) in connection with
such Person’s purchase of Equity Interests of the Parent (or any direct or indirect parent thereof or any Intermediate Holding
Company or the Borrower) (provided that the proceeds of any such loans and advances shall be contributed to the Borrower
in cash as common equity) and (iii) for purposes not described in the foregoing clauses (i) and (ii), in an aggregate
principal amount outstanding not to exceed the greater of (x) $10,000,000 and (y) 10% of Consolidated EBITDA of the Parent, the
Borrower and the Restricted Subsidiaries for the most recently ended Test Period calculated on a Pro Forma Basis;

 

(c)               
asset purchases (including purchases of inventory, supplies and materials) and the licensing or contribution of intellectual
property pursuant to joint marketing arrangements with other Persons, in each case in the ordinary course of business;

 

(d)               
Investments (i) by any Loan Party in any other Loan Party (other than the Parent), (ii) by any Non-Loan Party in any Loan
Party (other than the Parent), (iii) by any Non-Loan Party in any other Non-Loan Party and (iv) by any Loan Party in any Non-Loan
Party; provided that the aggregate amount of such Investments in Non-Loan Parties pursuant to clause (iv) shall
not exceed in an aggregate amount, as valued at cost at the time each such Investment is made and including all related commitments
for future Investments, (A) the greater of (x) $35,000,000 and (y) 30% of Consolidated EBITDA of the Parent, the Borrower and
the Restricted Subsidiaries for the most recently ended Test Period calculated on a Pro Forma Basis (excluding any Investments
received in respect of, or consisting of, the transfer or contribution of Equity Interests in or Indebtedness of any Foreign Subsidiary
to any other Foreign Subsidiary), plus (B) an amount equal to any returns of capital or sale proceeds actually received in cash
in respect of any such Investments (which amount shall not exceed the amount of such Investment valued at cost at the time such
Investment was made); provided that any such amounts under this clause (B) shall not increase the Available Amount,
it being understood that any returns of capital or sale proceeds actually received in cash in respect of any such Investments
in excess of the amount of such Investment valued at cost at the time such Investment was made shall increase the Available Amount
(to the extent such excess amount of returns or proceeds would otherwise increase the Available Amount pursuant to the definition
thereof);

 

(e)               
Investments consisting of extensions of credit in the nature of accounts receivable or notes receivable arising from the
grant of trade credit in the ordinary course of business, and Investments received in satisfaction or partial satisfaction thereof
from financially troubled account debtors and other credits to suppliers in the ordinary course of business;

 

(f)                
Investments consisting of Liens, Indebtedness, fundamental changes, Dispositions and Restricted Payments (other than, in
each case, by reference to this Section 7.02) permitted under Section 7.01, Section 7.03, Section 7.04,
Section 7.05 and Section 7.06, respectively;

 

(g)               
Investments existing on the Closing Date and set forth on Schedule 7.02 and any modification, replacement, renewal,
reinvestment or extension of any such Investments; provided that the amount of any Investment permitted pursuant to this
Section 7.02(g) is not increased from the amount of such Investment on the Closing Date except pursuant to the terms of
such Investment as of the Closing Date or as otherwise permitted by this Section 7.02;

 

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(h)               
Investments in Swap Contracts permitted under Section 7.03(g);

 

(i)                
promissory notes and other noncash consideration received in connection with Dispositions permitted by Section 7.05;

 

(j)                
the purchase or other acquisition of property and assets or businesses of any Person or of assets constituting a business
unit, a line of business or division of such Person, or Equity Interests in a Person that, upon the consummation thereof, will
be a Restricted Subsidiary (including as a result of a merger or consolidation) (or such assets will be contributed to a Parent,
the Borrower or a Restricted Subsidiary) (each, a “Permitted Acquisition”) and together with any Investments
in Restricted Subsidiaries necessary to consummate a transaction otherwise permitted by this clause (j); provided
that (i) immediately after giving Pro Forma Effect to any such purchase or other acquisition, no Default or Event of Default shall
have occurred and be continuing (provided that in the case of any Limited Condition Transaction, no Specified Event of
Default shall also have occurred and be continuing at the time of consummation thereof), (ii) after giving effect to any such
purchase or other acquisition, the Borrower shall be in compliance with the covenant in Section 6.15, (iii) to the extent
required by the Collateral and Guarantee Requirement, (A) the property, assets and businesses acquired in such purchase or other
acquisition shall become Collateral and (B) any such newly created or acquired Restricted Subsidiary (other than an Excluded Subsidiary)
shall become Guarantors, in each case in accordance with Section 6.10 and (iv) the aggregate consideration for the acquisition
of Non-Loan Parties pursuant to clause (j) shall not exceed in an aggregate amount at any time outstanding, as valued at
cost at the time each such Investment is made, not to exceed the greater of (x) $50,000,000 and (y) 45% of Consolidated EBITDA
of the Parent, the Borrower and the Restricted Subsidiaries for the most recently ended Test Period calculated on a Pro Forma
Basis;

 

(k)               
[reserved];

 

(l)                
Investments in the ordinary course of business consisting of endorsements for collection or deposit and customary trade
arrangements with customers consistent with past practices;

 

(m)             
Investments (including debt obligations and Equity Interests) received in connection with the bankruptcy or reorganization
of suppliers and customers or in settlement of delinquent obligations of, or other disputes with, customers and suppliers arising
in the ordinary course of business or upon the foreclosure with respect to any secured Investment or other transfer of title with
respect to any secured Investment;

 

(n)               
Investments as valued at cost at the time each such Investment is made and including all related commitments for future
Investments, in an amount not exceeding (i) the Available Amount (provided that at the time of any such Investment in reliance
on clause (b) of the definition of “Available Amount”, no Event of Default shall have occurred and be continuing or
would result therefrom) and/or (ii) the Excluded Contribution Amount; provided that no Investments may be made pursuant
to this Section 7.02(n)(i) during the Bridge Period;

 

(o)               
advances of payroll payments to employees in the ordinary course of business;

 

(p)               
loans and advances to any direct or indirect parent of the Parent in lieu of, and not in excess of the amount of (after
giving effect to any other such loans or advances or Restricted Payments in respect thereof), Restricted Payments to the extent
permitted to be made to such direct or indirect parent in accordance with Section 7.06; provided that any such loan
or advance shall reduce the amount of such applicable Restricted Payment thereafter permitted under Section 7.06 by a corresponding
amount (if such applicable provision of Section 7.06 contains a maximum amount);

 

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(q)               
Investments held by a Restricted Subsidiary acquired after the Closing Date or of a corporation or company merged into
the Parent or the Borrower or merged or consolidated with any Restricted Subsidiary in accordance with Section 7.04 after
the Closing Date to the extent that such Investments were not made in contemplation of or in connection with such acquisition,
merger or consolidation and were in existence on the date of such acquisition, merger or consolidation;

 

(r)                
Guarantee Obligations of the Parent, the Borrower or any Restricted Subsidiary in respect of leases (other than Capitalized
Leases) or of other obligations that do not constitute Indebtedness, in each case entered into in the ordinary course of business;

 

(s)                
Investments to the extent that payment for such Investments is made solely with Qualified Equity Interests (other than
any Cure Amounts or Excluded Contribution Amount);

 

(t)                
other Investments in an aggregate amount, as valued at cost at the time each such Investment is made and including all
related commitments for future Investments, not exceeding (i) the greater of (x) $40,000,000 and (y) 40% of Consolidated EBITDA
of the Parent, the Borrower and the Restricted Subsidiaries for the most recently ended Test Period calculated on a Pro Forma
Basis, plus (ii) an amount equal to any returns of capital or sale proceeds actually received in cash in respect of any
such Investments (which amount shall not exceed the amount of such Investment valued at cost at the time such Investment was made);
provided that any such amounts under this clause (ii) shall not increase the Available Amount, it being understood
that any returns of capital or sale proceeds actually received in cash in respect of any such Investments in excess of the amount
of such Investment valued at cost at the time such Investment was made shall increase the Available Amount (to the extent such
excess amount of returns or proceeds would otherwise increase the Available Amount pursuant to the definition thereof);

 

(u)               
Investments in JV Entities and Unrestricted Subsidiaries in an aggregate amount, as valued at cost at the time each such
Investment is made and including all related commitments for future Investments, not exceeding (i) the greater of (x) $40,000,000
and (y) 40% of Consolidated EBITDA of the Parent, the Borrower and the Restricted Subsidiaries for the most recently ended Test
Period calculated on a Pro Forma Basis, plus (ii) an amount equal to any returns of capital or sale proceeds actually received
in cash in respect of any such Investments (which amount shall not exceed the amount of such Investment valued at cost at the
time such Investment was made); provided that any such amounts under this clause (ii) shall not increase the Available
Amount, it being understood that any returns of capital or sale proceeds actually received in cash in respect of any such Investments
in excess of the amount of such Investment valued at cost at the time such Investment was made shall increase the Available Amount
(to the extent such excess amount of returns or proceeds would otherwise increase the Available Amount pursuant to the definition
thereof);

 

(v)               
Investments in connection with a Permitted Receivables Financing;

 

(w)             
contributions to a “rabbi” trust for the benefit of employees or other grantor trust subject to claims of creditors
in the case of a bankruptcy of the Borrower;

 

(x)               
Investments by an Unrestricted Subsidiary entered into prior to the day such Unrestricted Subsidiary is redesignated as
a Restricted Subsidiary pursuant to the definition of “Unrestricted Subsidiary”; provided that such Investments
were not incurred in contemplation of such redesignation;

 

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(y)               
other Investments; provided that, at the time of such Investment, (i) no Default or Event of Default has occurred
and is continuing and (ii) the Total Leverage Ratio of the Parent, the Borrower and the Restricted Subsidiaries as of the end
of the most recently ended Test Period, on a Pro Forma Basis, would be no greater than 4.00:1.00; provided further that
no Investments may be made pursuant to this Section 7.02(y) during the Bridge Period;

 

(z)               
transactions entered into in order to consummate a Permitted Tax Restructuring;

 

(aa)            
[reserved]; and

 

(bb)           
loans and advances to the Distribution Asset Transferee in an aggregate principal amount at any time outstanding not to
exceed $15,000,000.

 

Section
7.03                     Indebtedness.
Create, incur, assume or suffer to exist any Indebtedness, except:

 

(a)               
Indebtedness of the Parent, the Borrower and any of the Restricted Subsidiaries under the Loan Documents;

 

(b)               
Indebtedness incurred (A) pursuant to the ABL Facility in an aggregate principal amount not to exceed the sum of (i) the
greater of $100,000,000 and the Borrowing Base (as defined in the ABL Facility as in effect on the date hereof) plus (ii)
Incremental Loans (as defined in the ABL Facility as in effect on the date hereof) plus (iii) all accrued interest, fees,
expenses and other non-principal ABL Obligations with respect thereto and (B) pursuant to the First Lien Facility in an aggregate
principal amount not to exceed the sum of (i) $410,000,000 plus (ii) Incremental Term Loans (as defined in the First Lien
Credit Agreement as in effect on the date hereof) and Permitted Alternative Incremental Facilities Debt (as defined in the First
Lien Credit Agreement as in effect on the date hereof) plus (iii) all accrued interest, fees, expenses and other non-principal
First Lien Obligations with respect thereto, and, in each case, (C) together with any Permitted Refinancing of the Indebtedness
described in clauses (b)(A) and (b)(B) above;

 

(c)               
(i) Surviving Indebtedness listed on Schedule 7.03(c) and (ii) any Permitted Refinancing of any of the foregoing;

 

(d)               
Guarantee Obligations of the Parent, the Borrower and the Restricted Subsidiaries in respect of Indebtedness of the Parent,
the Borrower or any Restricted Subsidiary otherwise permitted hereunder (except that Non-Loan Parties may not, by virtue of this
Section 7.03(d), guarantee Indebtedness that such Non-Loan Parties could not otherwise incur under this Section 7.03);
provided that, if the Indebtedness being guaranteed is subordinated to the Obligations, such Guarantee Obligation shall
be subordinated to the Guarantee of the Obligations on terms at least as favorable to the Lenders as those contained in the subordination
of such Indebtedness;

 

(e)               
Indebtedness of the Parent, the Borrower or any Restricted Subsidiary owing to the Parent, the Borrower or any Restricted
Subsidiary to the extent constituting an Investment permitted by Section 7.02; provided that all such Indebtedness
of any Loan Party owed to any Person that is not a Loan Party shall be subject to the subordination terms set forth in Section
3.01 of the Guaranty;

 

(f)                
(i) Attributable Indebtedness and other Indebtedness financing the acquisition, construction, repair, replacement or improvement
of fixed or capital assets (provided that such Indebtedness is incurred concurrently with or within two hundred seventy
(270) days after the applicable acquisition, construction, repair, replacement or improvement), (ii) Attributable Indebtedness
arising out of Permitted Sale Leasebacks in an aggregate principal amount not to exceed at any one time outstanding the greater
of (x) $30,000,000 and (y) 30% of Consolidated EBITDA of the Parent, the Borrower and the Restricted Subsidiaries for the most
recently ended Test Period calculated on a Pro Forma Basis and (iii) any Permitted Refinancing of any Indebtedness set forth in
the immediately preceding clauses (i) and (ii); provided that the aggregate principal amount of Indebtedness
(including without limitation Attributable Indebtedness, but excluding Attributable Indebtedness incurred pursuant to clause (ii))
under this Section 7.03(f) does not exceed the greater of (x) $50,000,000 and (y) 50% of Consolidated EBITDA of the
Parent, the Borrower and the Restricted Subsidiaries for the most recently ended Test Period calculated on a Pro Forma Basis;

 

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(g)               
Indebtedness in respect of Swap Contracts (i) entered into to hedge or mitigate risks to which the Parent, Borrower or
any Subsidiary has actual or anticipated exposure (other than those in respect of shares of capital stock or other equity ownership
interests of the Parent, the Borrower or any Subsidiary), (ii) entered into in order to effectively cap, collar or exchange interest
rates (from fixed to floating rates, from one floating rate to another floating rate or otherwise) with respect to any interest-bearing
liability or investment of the Parent, the Borrower or any Subsidiary and (iii) entered into to hedge commodities, currencies,
general economic conditions, raw materials prices, revenue streams or business performance;

 

(h)               
[reserved];

 

(i)                
Indebtedness representing deferred compensation to employees of the Parent (or any direct or indirect parent of the Parent),
the Borrower and the Restricted Subsidiaries incurred in the ordinary course of business;

 

(j)                
Indebtedness to current or former officers, directors, partners, managers, consultants and employees, their respective
estates, spouses or former spouses to finance the purchase or redemption of Equity Interests of the Parent (or any direct or indirect
parent thereof) permitted by Section 7.06 in an aggregate amount not to exceed $15,000,000 at any one time outstanding;

 

(k)               
Indebtedness incurred by the Parent, the Borrower or any of the Restricted Subsidiaries in the Transactions, a Permitted
Acquisition, any other Investment expressly permitted hereunder or any Disposition, in each case to the extent constituting indemnification
obligations or obligations in respect of purchase price (including earn-outs) or other similar adjustments;

 

(l)                
Indebtedness consisting of obligations of the Parent, the Borrower or any of the Restricted Subsidiaries under deferred
compensation or other similar arrangements incurred by such Person in connection with the Transaction and Permitted Acquisitions
or any other Investment expressly permitted hereunder;

 

(m)             
Cash Management Obligations and other Indebtedness in respect of netting services, automatic clearinghouse arrangements,
overdraft protections and similar arrangements in each case incurred in the ordinary course;

 

(n)               
Indebtedness consisting of (a) the financing of insurance premiums or (b) take or pay obligations contained in supply arrangements,
in each case, in the ordinary course of business;

 

(o)               
Indebtedness incurred by the Parent, the Borrower or any of the Restricted Subsidiaries in respect of letters of credit,
bank guarantees, bankers’ acceptances, warehouse receipts or similar instruments issued or created in the ordinary course
of business, including in respect of workers compensation claims, health, disability or other employee benefits or property, casualty
or liability insurance or self-insurance or other Indebtedness with respect to reimbursement-type obligations regarding workers
compensation claims;

 

    -97-

     

    

 

(p)               
obligations in respect of performance, bid, appeal and surety bonds and performance and completion guarantees and similar
obligations provided by the Parent, the Borrower or any of the Restricted Subsidiaries or obligations in respect of letters of
credit, bank guarantees or similar instruments related thereto, in each case in the ordinary course of business or consistent
with past practice;

 

(q)               
Indebtedness supported by a Letter of Credit (as defined in the ABL Credit Agreement) in a principal amount not to exceed
the face amount of such Letter of Credit (as defined in the ABL Credit Agreement);

 

(r)                
 (i) other Indebtedness of the Parent, the Borrower or any Restricted Subsidiary in an unlimited amount, so long as (A)
if such Indebtedness is secured by any Liens on the Collateral (other than Liens that are junior to the Liens securing the Obligations),
the First Lien Senior Secured Leverage Ratio (calculated on a Pro Forma Basis but excluding the cash proceeds therefrom) as of
the last day of the most recently ended Test Period is not greater than 4.00:1.00; (B) if such Indebtedness is secured by a Lien
on the Collateral that is junior to the Liens securing the Obligations, the Senior Secured Leverage Ratio (calculated on a Pro
Forma Basis but excluding the cash proceeds therefrom) as of the last day of the most recently ended Test Period is not greater
than 5.00:1.00 and (C) if such Indebtedness is unsecured or secured by assets that do not constitute Collateral, the Total Leverage
Ratio (calculated on a Pro Forma Basis but excluding the cash proceeds therefrom) as of the last day of the most recently ended
Test Period is not greater than either (x) 5.50:1.00 or (y) if such Indebtedness is incurred to finance a Permitted Acquisition
or any other similar Investment not prohibited hereunder, the Total Leverage Ratio (calculated on a Pro Forma Basis but excluding
the cash proceeds therefrom) immediately prior to the consummation of such Permitted Acquisition or other Investment and the incurrence
of such Indebtedness (provided that, with respect to all Indebtedness of this clause (r), (1) such Indebtedness shall not
mature prior to the date that is ninety one (91) days after the Final Maturity Date of the Loans or have a Weighted Average Life
to Maturity less than the Weighted Average Life to Maturity of the Loans plus ninety one (91) days, provided that the foregoing
requirements of this clause (1) shall not apply to the extent such Indebtedness constitutes a customary bridge facility, so long
as the long-term Indebtedness into which such customary bridge facility is to be converted or exchanged satisfies the requirements
of this clause (1), (2) such Indebtedness shall not have mandatory prepayment, redemption or offer to purchase events more onerous
than those applicable to the Loans, provided that the foregoing requirements of this clause (2) shall not apply to the
extent such Indebtedness constitutes a customary bridge facility, so long as the long-term Indebtedness into which such customary
bridge facility is to be converted or exchanged satisfies the requirements of this clause (2), (3) the other terms and conditions
of such Indebtedness (excluding pricing and optional prepayment or redemption terms), if not consistent with the terms of the
Loans, shall not be materially more restrictive to the Loan Parties when taken as a whole (as reasonably determined by the Borrower)
than the terms of the Loans (other than any terms and conditions that (x) apply only to periods after the then Final Maturity
Date with respect to the Loans, (y) are otherwise added for the benefit of the Lenders hereunder or (z) are otherwise reasonably
satisfactory to the Administrative Agent) and (4) the maximum aggregate principal amount of Indebtedness that may be incurred
pursuant to this Section 7.03(r) by Non-Loan Parties shall not exceed the greater of (x) $25,000,000 and (y) 20% of Consolidated
EBITDA of the Parent, the Borrower and the Restricted Subsidiaries for the most recently ended Test Period at any one time outstanding);
and (ii) any Permitted Refinancing of Indebtedness incurred under the foregoing clause (r)(i);

 

(s)                
Indebtedness incurred by a Non-Loan Party, and guarantees thereof by Non-Loan Party, in an aggregate principal amount not
to exceed the greater of (x) $25,000,000 and (y) 20% of Consolidated EBITDA of the Parent, the Borrower and the Restricted Subsidiaries
for the most recently ended Test Period at any one time outstanding;

 

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(t)                
[reserved];

 

(u)               
additional Indebtedness in an aggregate principal amount not to exceed the greater of (x) $50,000,000 and (y) 50% of Consolidated
EBITDA of the Parent, the Borrower and the Restricted Subsidiaries for the most recently ended Test Period at any one time outstanding
and calculated on a Pro Forma Basis;

 

(v)               
Indebtedness assumed in connection with a Permitted Acquisition or other Investment not prohibited hereunder and not created
in contemplation thereof, so long as either (A) such Indebtedness would have been permitted to have been incurred under Section
7.03(r) or (B) the aggregate principal amount of such Indebtedness does not exceed the greater of (x) $40,000,000 and (y)
40% of Consolidated EBITDA of the Parent, the Borrower and the Restricted Subsidiaries for the most recently ended Test Period
at any time outstanding;

 

(w)             
(i) Indebtedness (in the form of senior secured, senior unsecured, senior subordinated, or subordinated notes or loans)
incurred by the Borrower to the extent that 100% of the Net Cash Proceeds therefrom are, immediately after the receipt thereof,
applied solely to the prepayment of Loans in accordance with Section 2.05(b)(iii); provided that (A) such Indebtedness
shall not mature earlier than the Final Maturity Date with respect to the relevant Loans being refinanced, (B) as of the date
of the incurrence of such Indebtedness, the Weighted Average Life to Maturity of such Indebtedness shall not be shorter than that
of then-remaining Loans being refinanced, (C) no Restricted Subsidiary is a borrower or guarantor with respect to such Indebtedness
unless such Restricted Subsidiary is a Subsidiary Guarantor which shall have previously or substantially concurrently guaranteed
the Obligations, (D) the other terms and conditions of such Indebtedness (excluding pricing and optional prepayment or redemption
terms), if not consistent with the terms of the Loans, shall not be materially more restrictive to the Loan Parties when taken
as a whole (as reasonably determined by the Borrower) than the terms of the Loans (other than any terms and conditions that (x)
apply only to periods after the then Final Maturity Date with respect to the Loans being refinanced, (y) are otherwise added for
the benefit of the Lenders hereunder or (z) are otherwise reasonably satisfactory to the Administrative Agent) and such Indebtedness
shall not participate in mandatory prepayments on a greater than pro rata basis with the Loans and (E) the Borrower has delivered
to the Administrative Agent a certificate of a Responsible Officer of the Borrower, together with all relevant financial information
reasonably requested by the Administrative Agent, including reasonably detailed calculations demonstrating compliance with clauses
(A), (B), (C) and (D) and (ii) any Permitted Refinancing of Indebtedness incurred under the foregoing
clause (w)(i);

 

(x)               
Indebtedness with respect to any Permitted Receivables Financing;

 

(y)               
[reserved];

 

(z)               
unsecured Contribution Indebtedness (and any Permitted Refinancing thereof);

 

(aa)            
all premiums (if any), interest (including post-petition interest), fees, expenses, charges and additional or contingent
interest on obligations described in clauses (a) through (z) above.

 

For
purposes of determining compliance with this Section 7.03, in the event that an item of Indebtedness meets the criteria
of more than one of the categories of Indebtedness described in clauses (a) through (aa) above, the Borrower may,
in its sole discretion, classify and reclassify or later divide, classify or reclassify such item of Indebtedness (or any portion
thereof) and will only be required to include the amount and type of such Indebtedness in one or more of the above clauses; provided
that all Indebtedness outstanding under the Loan Documents will be deemed to have been incurred in reliance only on the exception
in clause (a) of this Section 7.03 and the ABL Facility and First Lien Facility and, in each case, any Permitted
Refinancing thereof, will be deemed to have been incurred in reliance only on the exception set forth in clause (b) of
this Section 7.03.

 

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The
accrual of interest, the accretion of accreted value and the payment of interest in the form of additional Indebtedness shall
not be deemed to be an incurrence of Indebtedness for purposes of this Section 7.03.

 

Section
7.04                     Fundamental
Changes. Merge, amalgamate, dissolve, liquidate,
consolidate with or into another Person, or Dispose of (whether in one transaction or in a series of transactions) all or substantially
all of its assets (whether now owned or hereafter acquired) to or in favor of any Person (including, in each case, pursuant to
a Division), except that:

 

(a)               
any Restricted Subsidiary may merge or amalgamate with (i) the Borrower (provided that the resulting entity shall
succeed as a matter of law to all of the Obligations of the Borrower), (ii) any one or more Restricted Subsidiaries (provided
that when any Restricted Subsidiary that is a Loan Party is merging or amalgamating with another Restricted Subsidiary, a
Loan Party shall be a continuing or surviving Person, as applicable, or the resulting entity shall succeed as a matter of law
to all of the Obligations of such Loan Party (including, without limitation, as the Borrower)) and (iii) in order to consummate
a Permitted Tax Restructuring;

 

(b)               
(i) any Restricted Subsidiary that is not a Loan Party may merge, amalgamate or consolidate with or into any other Restricted
Subsidiary that is not a Loan Party, (ii) (A) any Restricted Subsidiary may liquidate, dissolve or wind up, or (B) any Restricted
Subsidiary may change its legal form, in each case, if the Borrower determines in good faith that such action is in the best interests
of the Parent, the Borrower and the other Subsidiaries and is not materially disadvantageous to the Lenders and (iii) the Borrower
may change its legal form if it determines in good faith that such action is in the best interests of the Parent, the Borrower
and the other Restricted Subsidiaries and the Administrative Agent reasonably determines it is not disadvantageous to the Lenders;

 

(c)               
any Restricted Subsidiary may Dispose of all or substantially all of its assets (upon voluntary liquidation or otherwise)
to another Restricted Subsidiary; provided that if the transferor in such a transaction is a Loan Party, then either (i)
the transferee must be a Loan Party or (ii) to the extent constituting an Investment, such Investment must be a permitted Investment
in or Indebtedness of a Restricted Subsidiary that is not a Loan Party in accordance with Section 7.02 and Section 7.03,
respectively;

 

(d)               
so long as no Event of Default exists or would result therefrom, the Borrower may merge or amalgamate with any other Person
(1) in a transaction in which the Borrower is the continuing or surviving entity of such transaction or (2) in a transaction in
which such other Person is the surviving or continuing entity of such transaction (such person, the “Successor Borrower”);
provided that, in the case of this clause (2), (i) such Successor Borrower is organized under the laws of the United States;
(ii) such Successor Borrower shall assume the Obligations of the Borrower under the Loan Documents; (iii) each Guarantor shall
have confirmed that its Guaranty shall apply to the Successor Borrower’s obligations under the Loan Documents; (iv) each
Guarantor shall have by a supplement to the Security Agreement and other applicable Collateral Documents confirmed that its obligations
thereunder shall apply to the Successor Borrower’s obligations under the Loan Documents; (v) the Borrower shall have delivered
information reasonably requested in writing by the Administrative Agent (or any Lender through the Administrative Agent) reasonably
required by regulatory authorities under “know your customer” and anti-money laundering rules and regulations, including
without limitation the USA PATRIOT Act of the type delivered on the Closing Date pursuant to Section 4.01(e) and (vi) the
Borrower shall have delivered an officer’s certificate certifying the compliance with the foregoing;

 

    -100-

     

    

 

(e)               
so long as no Default exists or would result therefrom, any Restricted Subsidiary may merge or amalgamate with any other
Person in order to effect an Investment permitted pursuant to Section 7.02; provided that the continuing or surviving
Person shall be a Restricted Subsidiary, which together with each of its Restricted Subsidiaries, shall have complied with the
requirements of Section 6.10;

 

(f)                
[Reserved];

 

(g)               
so long as no Default exists or would result therefrom, a merger, amalgamation, dissolution, winding up, liquidation, consolidation
or Disposition, the purpose of which is to effect a Disposition permitted pursuant to Section 7.05, may be effected; and

 

(h)               
so long as no Event of Default exists or would result therefrom, the Parent (the “Subject Parent”) may
merge or amalgamate with, or transfer its Equity Interests to, any other Person (1) in a transaction in which the Subject Parent
is the continuing or surviving entity of such transaction or (2) in a transaction in which such other Person is the surviving
or continuing entity of such transaction or acquires, directly or indirectly, 100% of the Equity Interests of the Subject Parent
(such person, the “Successor Holdings”); provided that, in the case of this clause (2), (i) the Successor Holdings
is organized under the laws of the United States; (ii) the Successor Holdings shall assume the Obligations of the Subject Parent
under the Loan Documents; (iii) the Successor Holdings shall have become a party to the applicable Guaranty and all other applicable
Collateral Documents and the Collateral and Guarantee Requirement shall have been satisfied with respect to the Successor Holdings;
and (iv) the Borrower shall have delivered information reasonably requested in writing by the Administrative Agent (or any Lender
through the Administrative Agent) reasonably required by regulatory authorities under “know your customer” and anti-money
laundering rules and regulations, including without limitation the USA PATRIOT Act, of the type delivered in connection with the
Closing Date pursuant to Section 4.01(e).

 

Section
7.05                     Dispositions.
Make any Disposition, except:

 

(a)               
Dispositions of obsolete, worn out or surplus property, whether now owned or hereafter acquired, in the ordinary course
of business and Dispositions of property no longer used or useful in the conduct of the business of the Parent, the Borrower and
the Restricted Subsidiaries;

 

(b)               
Dispositions of inventory and immaterial assets in the ordinary course of business (including allowing any registrations
or any applications for registration of any immaterial IP Rights to lapse or go abandoned in the ordinary course of business);

 

(c)               
Dispositions of property to the extent that (i) such property is exchanged for credit against the purchase price of similar
replacement property that is promptly purchased or (ii) the proceeds of such Disposition are promptly applied to the purchase
price of such replacement property (which replacement property is actually promptly purchased);

 

(d)               
Dispositions of property to a Parent, the Borrower or a Restricted Subsidiary; provided that if the transferor of
such property is a Loan Party (i) the transferee thereof must be a Loan Party, (ii) to the extent such transaction constitutes
an Investment, such transaction is permitted under Section 7.02, or (iii) such Disposition shall consist of the transfer
of Equity Interests in or Indebtedness of any Foreign Subsidiary to any other Foreign Subsidiary;

 

    -101-

     

    

 

(e)               
Dispositions permitted by Section 7.02, Section 7.04 and Section 7.06 and Liens permitted by Section
7.01;

 

(f)                
Dispositions in the ordinary course of business of Cash Equivalents;

 

(g)               
leases, subleases, licenses or sublicenses, in each case in the ordinary course of business and which do not materially
interfere with the business of the Parent, the Borrower and the Restricted Subsidiaries, taken as a whole;

 

(h)               
transfers of property subject to Casualty Events;

 

(i)                
Dispositions of Investments in JV Entities or non-Wholly Owned Restricted Subsidiaries to the extent required by, or made
pursuant to, customary buy/sell arrangements between the parties to such JV Entity or shareholders of such non-Wholly Owned Restricted
Subsidiary set forth in the shareholders agreements, joint venture agreements, organizational documents or similar binding agreements
relating to such JV Entity or non-Wholly Owned Restricted Subsidiary;

 

(j)                
Dispositions of accounts receivable in the ordinary course of business in connection with the collection or compromise
thereof or pursuant to factoring arrangements, in each case to the extent not constituting a receivables financing;

 

(k)               
the unwinding of any Swap Contract pursuant to its terms;

 

(l)                
Permitted Sale Leasebacks;

 

(m)             
Dispositions not otherwise permitted pursuant to this Section 7.05; provided that (i) such Disposition shall
be for fair market value as reasonably determined by the Borrower in good faith, (ii) the Borrower or the applicable Parent or
Restricted Subsidiary shall receive not less than 75% of such consideration in the form of cash or Cash Equivalents (provided,
however, that for the purposes of this clause (m)(ii), the following shall be deemed to be cash: (A) the assumption
by the transferee of Indebtedness or other liabilities contingent or otherwise of the Parent, the Borrower or any of the Restricted
Subsidiaries (other than Subordinated Debt) and the valid release of such Parent, the Borrower or such Restricted Subsidiary,
by all applicable creditors in writing, from all liability on such Indebtedness or other liability in connection with such Disposition,
(B) securities, notes or other obligations received by the Parent, the Borrower or any of the Restricted Subsidiaries from the
transferee that are converted by the Parent, the Borrower or any of the Restricted Subsidiaries into cash or Cash Equivalents
within 180 days following the closing of such Disposition, (C) Indebtedness (other than Subordinated Debt) of any Restricted Subsidiary
that is no longer a Restricted Subsidiary as a result of such Disposition, to the extent that the Parent, the Borrower and each
Restricted Subsidiary are released from any Guarantee of payment of such Indebtedness in connection with such Disposition and
(D) the aggregate Designated Non-Cash Consideration received by the Parent, the Borrower and the Restricted Subsidiaries for all
Dispositions under this clause (m) having an aggregate fair market value (determined as of the closing of the applicable
Disposition for which such Designated Non-Cash Consideration is received) not to exceed the greater of (x) $30,000,000 and (y) 25%
of Consolidated EBITDA of the Parent, the Borrower and the Restricted Subsidiaries for the most recently ended Test Period at
any time outstanding (net of any Designated Non-Cash Consideration converted into cash and Cash Equivalents received in respect
of any such Designated Non-Cash Consideration and calculated on a Pro Forma Basis) and (iii) the Borrower or the applicable
Parent or Restricted Subsidiary complies with the applicable provisions of Section 2.05;

 

(n)               
the Parent, the Borrower and the Restricted Subsidiaries may surrender or waive contractual rights and settle or waive
contractual or litigation claims in the ordinary course of business;

 

    -102-

     

    

 

(o)               
Dispositions of non-core or obsolete assets acquired in connection with a Permitted Acquisition;

 

(p)               
any swap of assets in exchange for services or other assets in the ordinary course of business of comparable or greater
fair market value of usefulness to the business of the Parent, the Borrower and the Restricted Subsidiaries as a whole, as determined
in good faith by the Borrower;

 

(q)               
any sale of Equity Interests in, or Indebtedness or other securities of, an Unrestricted Subsidiary;

 

(r)                
Specified Dispositions and Dispositions consummated in connection with a Permitted Tax Restructuring;

 

(s)                
Dispositions for Cash Equivalents (other than in connection with the capitalization of any special purpose entity used
to effect any such Permitted Receivables Financing) of accounts receivable in connection with any Permitted Receivables Financing;
and

 

(t)                
any Permitted Distribution Business Dispositions.

 

To
the extent any Collateral is Disposed of as expressly permitted by this Section 7.05 to any Person other than the
Borrower or any Guarantor, such Collateral shall be sold free and clear of the Liens created by the Loan Documents and, if requested
by the Administrative Agent, upon the certification by the Borrower that such Disposition is permitted by this Agreement, the
Administrative Agent or the Collateral Agent, as applicable, shall be authorized to take and shall take any actions deemed appropriate
in order to effect the foregoing.

 

Section
7.06                     Restricted
Payments. Declare or make, directly or indirectly,
any Restricted Payment, except:

 

(a)               
the Borrower and each Restricted Subsidiary may make Restricted Payments to the Parent, the Borrower and to Restricted
Subsidiaries (and, in the case of a Restricted Payment by a non-Wholly Owned Restricted Subsidiary, to each owner of Equity Interests
of such Restricted Subsidiary based on their relative ownership interests of the relevant class of Equity Interests);

 

(b)               
(i) the Parent may (or may make Restricted Payments to permit any direct or indirect parent thereof to) redeem in whole
or in part any of its Equity Interests for another class of its (or such parent’s) Equity Interests or rights to acquire
its Equity Interests or with proceeds from substantially concurrent equity contributions or issuances of new Equity Interests,
provided that any terms and provisions material to the interests of the Lenders, when taken as a whole, contained in such
other class of Equity Interests are at least as advantageous to the Lenders as those contained in the Equity Interests redeemed
thereby and (ii) the Parent may declare and make dividend payments or other distributions payable solely in Qualified Equity Interests
(to the extent not utilized in connection with any other transactions permitted pursuant to Section 7.02, Section 7.03,
Section 7.06 or Section 7.08 (or to build the Available Amount or Excluded Contribution Amount));

 

(c)               
Restricted Payments made on or after the Closing Date for fees and expenses in connection with the Transactions;

 

(d)               
to the extent constituting Restricted Payments, the Parent, the Borrower and the Restricted Subsidiaries may enter into
and consummate transactions expressly permitted by any provision of Section 7.02, Section 7.04 or Section 7.07;

 

    -103-

     

    

 

(e)               
repurchases of Equity Interests in the ordinary course of business in the Parent (or any direct or indirect parent thereof),
the Borrower or any Restricted Subsidiary deemed to occur upon exercise of stock options or warrants if such Equity Interests
represent a portion of the exercise price of such options or warrants;

 

(f)                
the Parent, the Borrower or any Restricted Subsidiary may, in good faith, pay (or make Restricted Payments to allow any
direct or indirect parent thereof to pay) for the repurchase, retirement or other acquisition or retirement for value of Equity
Interests of it or any direct or indirect parent thereof held by any future, present or former employee, director, manager, officer
or consultant (or any Affiliates, spouses, former spouses, other immediate family members, successors, executors, administrators,
heirs, legatees or distributees of any of the foregoing) of the Parent (or any direct or indirect parent of such Parent) or any
of its Subsidiaries pursuant to any employee, management, director or manager equity plan, employee, management, director or manager
stock option plan or any other employee, management, director or manager benefit plan or any agreement (including any stock subscription
or shareholder agreement) with any employee, director, manager, officer or consultant of the Parent (or any direct or indirect
parent thereof), the Borrower or any Subsidiary; provided that such payments do not to exceed $12,500,000 in any calendar
year, provided that any unused portion of the preceding basket for any calendar year may be carried forward to succeeding
calendar years, so long as the aggregate amount of all Restricted Payments made pursuant to this Section 7.06(f) in any
calendar year (after giving effect to such carry forward) shall not exceed $25,000,000; provided, further, that
cancellation of Indebtedness owing to the Parent (or any direct or indirect parent thereof) or any of its Subsidiaries from members
of management of such Parent, any of such Parent’s direct or indirect parent companies or any of the Borrower or any Restricted
Subsidiary in connection with a repurchase of Equity Interests of any of such Parent’s direct or indirect parent companies
will not be deemed to constitute a Restricted Payment for purposes of this covenant or any other provision of this Agreement;

 

(g)               
the Parent, the Borrower and the Restricted Subsidiaries may make Restricted Payments to any direct or indirect holder
of an Equity Interest in the Borrower or such Parent:

 

(i)                
the proceeds of which will be used to make Permitted Tax Distributions;

 

(ii)              
the proceeds of which shall be used to pay such equity holder’s operating costs and expenses incurred in the ordinary
course of business, other overhead costs and expenses and fees (including (v) administrative, legal, accounting and similar expenses
provided by third parties, (w) trustee, directors, managers and general partner fees, (x) any judgments, settlements, penalties,
fines or other costs and expenses in respect of any claim, litigation or proceeding, (y) fees and expenses (including any underwriters
discounts and commissions) related to any investment or acquisition transaction (whether or not successful) and (z) payments in
respect of indebtedness and equity securities of any direct or indirect holder of Equity Interests in such Parent to the extent
the proceeds are used or will be used to pay expenses or other obligations described in this Section 7.06(g)) which are
reasonable and customary and incurred in the ordinary course of business and attributable to the ownership or operations of such
Parent and its Subsidiaries (including any reasonable and customary indemnification claims made by directors, managers or officers
of any direct or indirect parent of such Parent attributable to the direct or indirect ownership or operations of such Parent
and its Subsidiaries) and fees and expenses otherwise due and payable by the Parent, the Borrower or any Restricted Subsidiary
and permitted to be paid by the Parent, the Borrower and such Restricted Subsidiaries under this Agreement not to exceed $10,000,000
in any fiscal year;

 

(iii)            
the proceeds of which shall be used to pay franchise and excise taxes, and other fees and expenses, required to maintain
its (or any of its direct or indirect parents’) existence (including any costs or expenses associated with being a public
company listed on a national securities exchange);

 

    -104-

     

    

 

(iv)             
to finance any Investment permitted to be made pursuant to Section 7.02; provided that (A) such Restricted
Payment shall be made substantially concurrently with the closing of such Investment and (B) such parent shall, immediately following
the closing thereof, cause (1) all property acquired (whether assets or Equity Interests) to be held by or contributed to a Parent,
the Borrower or a Restricted Subsidiary or (2) the merger (to the extent permitted in Section 7.04) of the Person formed
or acquired into a Parent, the Borrower or a Restricted Subsidiary in order to consummate such Permitted Acquisition, in each
case, in accordance with the requirements of Section 6.10; provided that in the case of a Restricted Payment made
by a Loan Party, such property shall not build the Available Amount;

 

(v)               
the proceeds of which shall be used to pay customary costs, fees and expenses (other than to Affiliates) related to any
unsuccessful equity or debt offering permitted by this Agreement or related to a Qualifying IPO; and

 

(vi)             
the proceeds of which shall be used to pay customary salary, bonus and other benefits payable to officers and employees
of any direct or indirect parent company or partner of the Parent to the extent such salaries, bonuses and other benefits are
attributable to the ownership or operation of the Parent, the Borrower and the Restricted Subsidiaries;

 

(h)               
the Parent, the Borrower or any Restricted Subsidiary may pay any dividend or distribution within 60 days after the date
of declaration thereof, if at the date of declaration such payment would have complied with the provisions of this Agreement (it
being understood that a distribution pursuant to this Section 7.06(h) shall be deemed to have utilized capacity under such
other provision of this Agreement);

 

(i)                
the Parent, the Borrower or any Restricted Subsidiary may (a) pay cash in lieu of fractional Equity Interests in connection
with any dividend, split or combination thereof or any Permitted Acquisition and (b) honor any conversion request by a holder
of convertible Indebtedness and make cash payments in lieu of fractional shares in connection with any such conversion and may
make payments on convertible Indebtedness in accordance with its terms;

 

(j)                
the Parent, the Borrower or any Restricted Subsidiary may make additional Restricted Payments in an amount not to exceed
the greater of (x) $25,000,000 and (y) 20% of Consolidated EBITDA of the Parent, the Borrower and the Restricted Subsidiaries
for the most recently ended Test Period calculated on a Pro Forma Basis;

 

(k)               
the Parent, the Borrower or any Restricted Subsidiary may make additional Restricted Payments in an amount not to exceed
(i) the Available Amount (provided that at the time of any such Restricted Payment (x) in reliance on clause (b) of the
definition of “Available Amount”, no Event of Default shall have occurred and be continuing or would result therefrom
and (y) the Total Leverage Ratio of the Parent, the Borrower and the Restricted Subsidiaries as of the end of the most recently
ended Test Period, on a Pro Forma Basis, would be no greater than 5.00:1.00) and/or (ii) the Excluded Contribution Amount; provided
that no Restricted Payments may be made pursuant to this Section 7.06(k)(i) during the Bridge Period;

 

(l)                
after a Qualifying IPO, (i) any Restricted Payment the proceeds of which will be used to pay listing fees and other costs
and expenses attributable to being a publicly traded company which are reasonable and customary, including Public Company Costs
and (ii) Restricted Payments not to exceed up to 6.00% per annum of the Net Cash Proceeds received by (or contributed to) the
Parent, the Borrower and the Restricted Subsidiaries from such Qualifying IPO;

 

    -105-

     

    

 

(m)             
[reserved];

 

(n)               
[reserved];

 

(o)               
the Permitted Distribution Business Disposition;

 

(p)               
Restricted Payments in an amount not to exceed $12,000,000 annually;

 

(q)               
the Parent, the Borrower or any Restricted Subsidiary may make additional Restricted Payments; provided that, at
the time of such Restricted Payment, (i) no Default or Event of Default has occurred and is continuing and (ii) the Total Leverage
Ratio of the Parent, the Borrower and the Restricted Subsidiaries as of the end of the most recently ended Test Period, on a Pro
Forma Basis, would be no greater than 3.50:1.00; provided further that no Restricted Payments may be made pursuant to this
Section 7.06(q) during the Bridge Period; and

 

(r)                
[reserved].

 

Section
7.07                     Transactions
with Affiliates. Enter into any transaction of any
kind with any Affiliate of the Parent with a fair market value in excess of $10,000,000, whether or not in the ordinary course
of business, other than:

 

(a)               
transactions between or among the Parent, the Borrower or any Restricted Subsidiary or any entity that becomes a Restricted
Subsidiary as a result of such transaction;

 

(b)               
transactions on terms not less favorable to such Parent, the Borrower or such Restricted Subsidiary as would be obtainable
by such Parent, the Borrower or such Restricted Subsidiary at the time in a comparable arm’s-length transaction with a Person
other than an Affiliate;

 

(c)               
the Transaction and the payment of fees and expenses related to the Transaction;

 

(d)               
the issuance of Equity Interests to any officer, director, manager, employee or consultant of the Parent or any of its
Subsidiaries or any direct or indirect parent of such Parent in connection with the Transaction;

 

(e)               
equity issuances, repurchases, redemptions, retirements or other acquisitions or retirements of Equity Interests by the
Parent, the Borrower or any Restricted Subsidiary permitted under Section 7.06;

 

(f)                
loans and other transactions by and among the Parent and/or one or more Subsidiaries to the extent permitted under this
Article VII;

 

(g)               
employment and severance arrangements between the Parent or any of their respective Subsidiaries and their respective officers
and employees in the ordinary course of business and transactions pursuant to stock option plans and employee benefit plans and
arrangements;

 

(h)               
to the extent permitted by Sections 7.06(g)(i) and (iii), payments by the Parent (and any direct or indirect
parent thereof), the Borrower and the Restricted Subsidiaries pursuant to any tax sharing agreements among such Parent (and any
such direct or indirect parent thereof), the Borrower and the Restricted Subsidiaries on customary terms to the extent attributable
to the ownership or operation of the Parent, the Borrower and the Restricted Subsidiaries;

 

    -106-

     

    

 

(i)                
the payment of customary fees and reasonable out-of-pocket costs to, and indemnities provided on behalf of, directors,
managers, officers, employees and consultants of the Parent, the Borrower and the Restricted Subsidiaries or any direct or indirect
parent of the Parent in the ordinary course of business to the extent attributable to the ownership or operation of the Parent,
the Borrower and the Restricted Subsidiaries;

 

(j)                
transactions pursuant to agreements in existence on the Closing Date and set forth on Schedule 7.07 or any amendment
thereto to the extent such an amendment is not adverse to the Lenders in any material respect;

 

(k)               
dividends and other distributions permitted under Section 7.06;

 

(l)                
the payment of board, management, advisory, consulting, refinancing, subsequent transaction and exit fees (including termination
fees) and related indemnities and reasonable expenses to any Permitted Holder (or, in the case of board fees, to any director)
in an aggregate amount in any fiscal year not to exceed $5,000,000; provided that, upon the occurrence and during the continuance
of an Event of Default such amounts may accrue, but not be payable in cash during such period, but all such accrued amounts (plus
accrued interest, if any, with respect thereto) may be payable in cash upon the cure or waiver of such Event of Default;

 

(m)             
transactions entered into by an Unrestricted Subsidiary with an Affiliate prior to the redesignation of any such Unrestricted
Subsidiary as a Restricted Subsidiary pursuant to the definition of “Unrestricted Subsidiary”; provided that
such transactions were not entered into in contemplation of such redesignation;

 

(n)               
Dispositions for Cash Equivalents (other than in connection with the capitalization of any special purpose entity used
to effect any such Permitted Receivables Financing) of accounts receivable in connection with any Permitted Receivables Financing;

 

(o)               
transactions in connection with Permitted Tax Restructurings; and

 

(p)               
the Permitted Distribution Business Disposition.

 

Section
7.08                     Prepayments,
Etc., of Indebtedness.

 

(a)               
Prepay, redeem, purchase, defease or otherwise satisfy prior to the scheduled maturity thereof in any manner any Junior
Debt (it being understood that payments of regularly scheduled interest, AHYDO payments and mandatory prepayments under any such
Junior Debt Documents shall not be prohibited by this clause) except for (i) the refinancing thereof with the Net Cash Proceeds
of any such Indebtedness (to the extent such Indebtedness constitutes a Permitted Refinancing), (ii) the conversion thereof
to Equity Interests (other than Disqualified Equity Interests) of the Borrower or any of its direct or indirect parents (or any
Intermediate Holding Company), (iii) prepayments, redemptions, purchases, defeasances and other payments thereof prior to
their scheduled maturity in an aggregate amount not to exceed (A) the greater of (x) $25,000,000 and (y) 20% of Consolidated EBITDA
of the Parent, the Borrower and the Restricted Subsidiaries for the most recently ended Test Period calculated on a Pro Forma
Basis, plus (B) the Available Amount, (provided that at the time of any such prepayment, redemption, purchase, defeasance
or other payment (x) in reliance on clause (b) of the definition of “Available Amount” no Event of Default shall have
occurred and be continuing or would result therefrom and (y) the Total Leverage Ratio of the Parent, the Borrower and the Restricted
Subsidiaries as of the end of the most recently ended Test Period, on a Pro Forma Basis, would be no greater than 5.00:1.00),
plus (C) the Excluded Contribution Amount, and (iv) other prepayments, redemptions, purchases, defeasances and other payments
thereof prior to their scheduled maturity (provided that, at the time of such prepayments, redemptions, purchases, defeasances
or other payments, (x) no Default or Event of Default has occurred and is continuing and (y) the Total Leverage Ratio of the Parent,
the Borrower and the Restricted Subsidiaries as of the end of the most recently ended Test Period, on a Pro Forma Basis, would
be no greater than 3.50:1.00); provided that no prepayments, redemptions, purchases, defeasances or other payments may
be made pursuant to this Section 7.08(a)(iii)(B) and Section 7.08(a)(iv) during the Bridge Period.

 

    -107-

     

    

 

(b)               
Amend, modify or change in any manner materially adverse to the interests of the Lenders any term or condition of any Junior
Debt Documents without the consent of the Required Lenders (not to be unreasonably withheld or delayed).

 

Section
7.09                     [Reserved].

 

Section
7.10                     Negative
Pledge and Subsidiary Distributions. Enter into
any agreement, instrument, deed or lease which prohibits or limits (i) the ability of any Loan Party to create, incur, assume
or suffer to exist any Lien upon any of their respective properties or revenues, whether now owned or hereafter acquired, for
the benefit of the Secured Parties with respect to the Obligations or under the Loan Documents (ii) the ability of any Restricted
Subsidiary to pay dividends or other distributions with respect to any of its Equity Interests; provided that the foregoing
shall not apply to:

 

(a)               
restrictions and conditions imposed by (A) law, (B) any Loan Document, (C) the First Lien Facility or (D) the ABL Facility;

 

(b)               
restrictions and conditions existing on the Closing Date or to any extension, renewal, amendment, modification or replacement
thereof, except to the extent any such amendment, modification or replacement expands the scope of any such restriction or condition;

 

(c)               
customary restrictions and conditions arising in connection with any Disposition permitted by Section 7.05;

 

(d)               
customary provisions in leases, licenses and other contracts restricting the assignment thereof;

 

(e)               
restrictions imposed by any agreement relating to secured Indebtedness permitted by this Agreement to the extent such restriction
applies only to the property securing such Indebtedness;

 

(f)                
any restrictions or conditions set forth in any agreement in effect at any time any Person becomes a Restricted Subsidiary
(but not any modification or amendment expanding the scope of any such restriction or condition), provided that such agreement
was not entered into in contemplation of such Person becoming a Restricted Subsidiary and the restriction or condition set forth
in such agreement does not apply to the Parent, the Borrower or any Restricted Subsidiary;

 

(g)               
any restrictions or conditions in any Indebtedness permitted pursuant to Section 7.03 to the extent such restrictions
or conditions are no more restrictive than the restrictions and conditions in the Loan Documents or, in the case of Subordinated
Debt, are market terms at the time of issuance or, in the case of Indebtedness of any Non-Loan Party, are imposed solely on such
Non-Loan Party and its Subsidiaries, provided that any such restrictions or conditions permit compliance with the Collateral
and Guarantee Requirement and Section 6.10;

 

    -108-

     

    

 

(h)               
any restrictions on cash or other deposits imposed by agreements entered into in the ordinary course of business;

 

(i)                
customary provisions in shareholders agreements, joint venture agreements, organizational documents or similar binding
agreements relating to any JV Entity or non-Wholly Owned Restricted Subsidiary and other similar agreements applicable to JV Entities
and non-Wholly Owned Restricted Subsidiaries permitted under Section 7.02 and applicable solely to such JV Entity or non-Wholly
Owned Restricted Subsidiary and the Equity Interests issued thereby;

 

(j)                
customary restrictions in leases, subleases, licenses or asset sale agreements and other similar contracts otherwise permitted
hereby so long as such restrictions relate only to the assets subject thereto;

 

(k)               
customary provisions restricting assignment of any agreement entered into in the ordinary course of business;

 

(l)                
customary net worth provisions contained in real property leases entered into by Subsidiaries of the Parent (other than
the Borrower), so long as the Borrower has determined in good faith that such net worth provisions could not reasonably be expected
to impair the ability of the Parent, the Borrower and the other Subsidiaries of the Parent to meet their ongoing obligation; and

 

(m)             
restrictions imposed by any agreement governing Indebtedness entered into on or after the Closing Date and permitted under
Section 7.03 that are, taken as a whole, in the good faith judgment of the Borrower, no more restrictive with respect to
the Parent, the Borrower or any Restricted Subsidiary than customary market terms for Indebtedness of such type, so long as the
Borrower shall have determined in good faith that such restrictions will not adversely affect in any material respect its obligation
or ability to make any payments required hereunder.

 

    -109-

     

    

 

Section
7.11                     Change
of Fiscal Year. The fiscal year of the Parent for
financial reporting purposes to end on a day other than the closest Sunday following last day of December; provided, that
Borrower may, upon written notice to the Administrative Agent, change such fiscal year to any other fiscal year reasonably acceptable
to the Administrative Agent, in which case, the Borrower and the Administrative Agent will, and are hereby authorized by the Lenders
to, make any adjustments to this Agreement and to the covenants contained herein that are reasonably necessary in order to reflect
such change.

 

Section
7.12                     Material
Real Property. Create, incur, assume or suffer to
exist any Lien upon any Material Real Property, whether now owned or hereafter acquired, other than (i) easements, rights-of-way,
restrictions, covenants, conditions, encroachments, protrusions and other similar encumbrances and minor title defects affecting
real property which, in the aggregate, do not in any case materially interfere with the ordinary conduct of the business of the
Parent, the Borrower or any Restricted Subsidiary; (ii) any zoning or similar law or right reserved to or vested in any Governmental
Authority to control or regulate the use of any real property that does not materially interfere with the ordinary conduct of
the business of the Parent, the Borrower or any Restricted Subsidiary; (iii) ground leases in respect of real property on which
facilities owned or leased by the Parent, the Borrower or any Restricted Subsidiary are located and (iv) Liens pursuant to any
Loan Document and any Liens incurred pursuant to Section 7.01(ff). 

 

ARTICLE
VIII

 

Events of Default
and Remedies

 

Section
8.01                     Events
of Default. Any of the following events referred
to in any of clauses (a) through (j) inclusive of this Section 8.01 shall constitute an “Event
of Default”:

 

(a)               
Non-Payment. Any Loan Party fails to pay (i) when and as required to be paid herein, any amount of principal of
any Loan or (ii) within five (5) Business Days after the same becomes due, any interest on any Loan or any other amount payable
hereunder or with respect to any other Loan Document; or

 

(b)               
Specific Covenants. Any Loan Party fails to perform or observe any term, covenant or agreement contained in any
of Section 6.03(a) or Section 6.04 (solely with respect to the Parent and the Borrower), Section 6.11, Section
6.13 or Article VII; or

 

(c)               
Other Defaults. Any Loan Party fails to perform or observe any other covenant or agreement (not specified in Section
8.01(a) or (b) above) contained in any Loan Document on its part to be performed or observed and such failure continues
for thirty (30) days after receipt by the Borrower of written notice thereof by the Administrative Agent or the Required Lenders;
or

 

(d)               
Representations and Warranties. Any representation, warranty, certification or statement of fact made or deemed
made by or on behalf of any Loan Party herein, in any other Loan Document, or in any document required to be delivered in connection
herewith or therewith shall be incorrect or misleading in any material respect when made or deemed made and such incorrect or
misleading representation, warranty, certification or statement of fact, if capable of being cured, remains so incorrect or misleading
for thirty (30) days after receipt by the Borrower of written notice thereof by the Administrative Agent or the Required Lenders;
or

 

    -110-

     

    

 

(e)               
Cross-Default. The Parent, the Borrower or any Restricted Subsidiary (A) fails to make any payment beyond the applicable
grace period with respect thereto, if any (whether by scheduled maturity, required prepayment, acceleration, demand, or otherwise)
in respect of any Indebtedness (other than Indebtedness hereunder) having an aggregate principal amount exceeding the Threshold
Amount, or (B) fails to observe or perform any other agreement or condition relating to any such Indebtedness, or any other event
occurs (other than (i) with respect to Indebtedness consisting of Swap Contracts, termination events or equivalent events pursuant
to the terms of such Swap Contracts and (ii) any event requiring prepayment pursuant to customary asset sale events, insurance
and condemnation proceeds events, change of control offers events and excess cash flow and indebtedness sweeps), the effect of
which default or other event is to cause, or to permit the holder or holders of such Indebtedness (or a trustee or agent on behalf
of such holder or holders or beneficiary or beneficiaries) to cause, with the giving of notice if required, all such Indebtedness
to become due or to be repurchased, prepaid, defeased or redeemed (automatically or otherwise), or an offer to repurchase, prepay,
defease or redeem all such Indebtedness to be made, prior to its stated maturity; provided that (x) this clause (e)(B)
shall not apply to secured Indebtedness that becomes due (or requires an offer to purchase) as a result of the voluntary sale
or transfer of the property or assets securing such Indebtedness, if such sale or transfer is permitted hereunder and under the
documents providing for such Indebtedness and (y) an “Event of Default” under the ABL Credit Agreement shall not constitute
an Event of Default hereunder unless the ABL Lenders have actually declared all ABL Obligations to be immediately due and payable
in accordance with the terms of the ABL Credit Agreement and such declaration has not been rescinded by the ABL Lenders on or
before such date; provided, further, that such failure or breach is unremedied and is not waived by the required
holders of such Indebtedness; or

 

(f)                
Insolvency Proceedings, Etc. Except with respect to any dissolution or liquidation of a Restricted Subsidiary expressly
permitted by Section 7.04 in connection with the consummation of a Permitted Tax Restructuring, the Parent, the Borrower
or any of the Restricted Subsidiaries institutes or consents to the institution of any proceeding under any Debtor Relief Law,
or makes an assignment for the benefit of creditors; or applies for or consents to the appointment of any receiver, interim receiver,
receiver and manager, trustee, custodian, conservator, liquidator, rehabilitator, administrator, administrative receiver or similar
officer for it or for all or any material part of its property; or any receiver, interim receiver, receiver and manager, trustee,
custodian, conservator, liquidator, rehabilitator, administrator, administrative receiver or similar officer is appointed without
the application or consent of such Person and the appointment continues undischarged or unstayed for sixty (60) calendar days;
or any proceeding under any Debtor Relief Law relating to any such Person or to all or any material part of its property is instituted
without the consent of such Person and continues undismissed or unstayed for sixty (60) calendar days; or an order for relief
is entered in any such proceeding; or

 

(g)               
Inability to Pay Debts; Attachment. (i) The Parent, the Borrower or any Restricted Subsidiary becomes unable or
admits in writing its inability or fails generally to pay its debts as they become due, or (ii) any writ or warrant of attachment
or execution or similar process is issued or levied against all or any material part of the property of the Parent, the Borrower
or any Restricted Subsidiary, taken as a whole, and is not released, vacated or fully bonded within sixty (60) days after its
issue or levy; or

 

(h)               
Judgments. There is entered against the Parent, the Borrower or any Restricted Subsidiary a final judgment or order
for the payment of money in an aggregate amount exceeding the Threshold Amount (to the extent not covered by independent third-party
insurance) and such judgment or order shall not have been satisfied, vacated, discharged or stayed or bonded pending an appeal
for a period of sixty (60) consecutive days; or

 

(i)                
Invalidity of Collateral Documents. Any material provision of any Collateral Document, at any time after its execution
and delivery and for any reason other than as expressly permitted hereunder or thereunder (including as a result of a transaction
permitted under Section 7.04 or Section 7.05) or solely as a result of acts or omissions by the Administrative Agent
or any Lender or the satisfaction in full of all the Obligations, ceases to be in full force and effect or ceases to create a
valid and perfected lien, with the priority set forth in the Applicable Intercreditor Agreement on a material portion of the Collateral
covered thereby; or any Loan Party contests in writing the validity or enforceability of any material provision of any Collateral
Document; or any Loan Party denies in writing that it has any or further liability or obligation under any Collateral Document
(other than as a result of repayment in full of the Obligations and termination of the Aggregate Commitments), or purports in
writing to revoke or rescind any Collateral Document; or

 

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(j)                
Invalidity of Guarantees. Any Guarantee, after its execution and delivery, provided by the Parent, any Intermediate
Holding Company or any other Guarantor that is a Material Subsidiary, or any material provision thereof, ceases to be in full
force and effect (other than pursuant to the terms hereof or thereof) or any Loan Party denies or disaffirms in writing any such
Guarantor’s material obligations under its Guarantee (other than as a result of repayment in full of the Obligations and
terminations of the Bridge Commitments); or

 

(k)               
[Reserved]; or

 

(l)                
ERISA. (i) An ERISA Event occurs which, individually or together with other ERISA events which have occurred, has
resulted or could reasonably be expected to result in liability of a Loan Party in an aggregate amount which could reasonably
be expected to result in a Material Adverse Effect, or (ii) a Loan Party or any ERISA Affiliate fails to pay when due, after the
expiration of any applicable grace period, any installment payment with respect to its withdrawal liability under Section 4201
of ERISA under a Multiemployer Plan the remaining balance of which could reasonably be expected to result in a Material Adverse
Effect.

 

Section
8.02                     Remedies
Upon Event of Default. If any Event of Default occurs
and is continuing, the Administrative Agent may and, at the request of the Required Lenders, shall take any or all of the following
actions:

 

(a)               
declare the commitment of each Lender to make Loans to be terminated, whereupon such commitments shall be terminated;

 

(b)               
declare the unpaid principal amount of all outstanding Loans, all interest accrued and unpaid thereon, and all other amounts
owing or payable hereunder or under any other Loan Document to be immediately due and payable, without presentment, demand, protest
or other notice of any kind, all of which are hereby expressly waived by the Borrower;

 

(c)               
[reserved]; and

 

(d)               
exercise on behalf of itself and the Lenders all rights and remedies available to it and the Lenders under the Loan Documents
or applicable Law;

 

provided
that upon the occurrence of an Event of Default under Section 8.01(f) or (g) with respect to the Parent
or the Borrower, the obligation of each Lender to make Loans shall automatically terminate, the unpaid principal amount of all
outstanding Loans and all interest and other amounts as aforesaid shall automatically become due and payable, in each case without
further act of the Administrative Agent or any Lender.

 

Section
8.03                     Exclusion
of Immaterial Subsidiaries. Solely for the purpose
of determining whether a Default has occurred under clause (f) or (g) of Section 8.01, any
reference in any such clause to any Restricted Subsidiary or Loan Party shall be deemed not to include any Subsidiary that is
an Immaterial Subsidiary or at such time could, upon designation by the Borrower, become an Immaterial Subsidiary affected by
any event or circumstances referred to in any such clause unless the Consolidated EBITDA of such Subsidiary together with the
Consolidated EBITDA of all other Subsidiaries affected by such event or circumstance referred to in such clause, shall exceed
5% of the Consolidated EBITDA of the Parent, the Borrower and the Restricted Subsidiaries.

 

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Section
8.04                     Application
of Funds. If the circumstances described in Section
2.12(g) have occurred, or after the exercise of remedies provided for in Section 8.02 (or after the Loans have automatically
become immediately due and payable), including in any bankruptcy or insolvency proceeding, any amounts received on account of
the Obligations shall be applied by the Administrative Agent, subject to the Applicable Intercreditor Agreement then in effect,
in the following order:

 

First,
to payment of that portion of the Obligations constituting fees, indemnities, expenses and other amounts (other than principal
and interest, but including Attorney Costs payable under Section 10.04 and amounts payable under Article III) payable
to each Agent in its capacity as such;

 

Second,
to payment of that portion of the Obligations constituting fees, indemnities and other amounts (other than principal and interest)
payable to the Lenders (including Attorney Costs payable under Section 10.04 and amounts payable under Article III),
ratably among them in proportion to the amounts described in this clause Second payable to them;

 

Third,
to payment of that portion of the Obligations constituting accrued and unpaid interest (including, but not limited to, post-petition
interest), ratably among the Lenders in proportion to the respective amounts described in this clause Third payable to
them;

 

Fourth,
to payment of that portion of the Obligations constituting unpaid principal of the Loans, ratably among the Secured Parties in
proportion to the respective amounts described in this clause Fourth held by them;

 

Fifth,
to the payment of all other Obligations of the Loan Parties that are due and payable to the Administrative Agent and the other
Secured Parties on such date, ratably based upon the respective aggregate amounts of all such Obligations owing to the Administrative
Agent and the other Secured Parties on such date; and

 

Last,
the balance, if any, after all of the Obligations have been paid in full, to the Borrower or as otherwise required by Law.

 

ARTICLE
IX

 

Administrative Agent
and Other Agents

 

Section
9.01                     Appointment
and Authorization of Agents.

 

(a)               
Each Lender hereby irrevocably appoints, designates and authorizes the Administrative Agent to take such action on its
behalf under the provisions of this Agreement and each other Loan Document and to exercise such powers and perform such duties
as are expressly delegated to it by the terms of this Agreement or any other Loan Document, together with such powers as are reasonably
incidental thereto. Notwithstanding any provision to the contrary contained elsewhere herein or in any other Loan Document, the
Administrative Agent shall have no duties or responsibilities, except those expressly set forth herein, nor shall the Administrative
Agent have or be deemed to have any fiduciary relationship with any Lender or participant, and no implied covenants, functions,
responsibilities, duties, obligations or liabilities shall be read into this Agreement or any other Loan Document or otherwise
exist against the Administrative Agent. Without limiting the generality of the foregoing sentence, the use of the term “agent”
herein and in the other Loan Documents with reference to any Agent is not intended to connote any fiduciary or other implied (or
express) obligations arising under agency doctrine of any applicable Law. Instead, such term is used merely as a matter of market
custom, and is intended to create or reflect only an administrative relationship between independent contracting parties.

 

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(b)               
[Reserved].

 

(c)               
The Administrative Agent shall also act as the “collateral agent” under the Loan Documents, and each of the
Lenders hereby irrevocably appoints and authorizes the Administrative Agent to act as the agent of (and to hold any security interest,
charge or other Lien created by the Collateral Documents for and on behalf of or on trust for) such Lender for purposes of acquiring,
holding and enforcing any and all Liens on Collateral granted by any of the Loan Parties to secure any of the Obligations, together
with such powers and discretion as are reasonably incidental thereto. In this connection, the Administrative Agent, as “collateral
agent” (and any co-agents, sub-agents and attorneys-in-fact appointed by the Administrative Agent pursuant to Section
9.02 for purposes of holding or enforcing any Lien on the Collateral (or any portion thereof) granted under the Collateral
Documents, or for exercising any rights and remedies thereunder at the direction of the Administrative Agent), shall be entitled
to the benefits of all provisions of this Article IX (including Section 9.07, as though such co-agents, sub-agents
and attorneys-in-fact were the “collateral agent” under the Loan Documents) as if set forth in full herein with respect
thereto. Without limiting the generality of the foregoing, the Lenders hereby expressly authorize the Administrative Agent to
execute any and all documents (including releases) with respect to the Collateral and the rights of the Secured Parties with respect
thereto, as contemplated by and in accordance with the provisions of the Loan Documents and the Collateral Documents and acknowledge
and agree that any such action by any Agent shall bind the Lenders.

 

Section
9.02                     Delegation
of Duties. The Administrative Agent may execute
any of its duties under this Agreement or any other Loan Document (including for purposes of holding or enforcing any Lien on
the Collateral (or any portion thereof) granted under the Collateral Documents or of exercising any rights and remedies thereunder)
by or through Affiliates, agents, employees or attorneys-in-fact, such sub-agents as shall be deemed necessary by the Administrative
Agent, and shall be entitled to advice of counsel, both internal and external, and other consultants or experts concerning all
matters pertaining to such duties. The Administrative Agent shall not be responsible for the negligence or misconduct of any agent
or sub-agent or attorney-in-fact that it selects in the absence of gross negligence or willful misconduct.

 

Section
9.03                     Liability
of Agents. No Agent-Related Person shall (a) be
liable to any Lender for any action taken or omitted to be taken by any of them under or in connection with this Agreement or
any other Loan Document or the transactions contemplated hereby, including their respective activities in connection with the
syndication of the credit facilities provided for herein as well as activities as Administrative Agent (except for its own gross
negligence or willful misconduct, as determined by the final and non-appealable judgment of a court of competent jurisdiction,
in connection with its duties expressly set forth herein), (b) be responsible in any manner to any Lender or participant for any
recital, statement, representation or warranty made by any Loan Party or any officer thereof, contained herein or in any other
Loan Document, or in any certificate, report, statement or other document referred to or provided for in, or received by the Administrative
Agent under or in connection with, this Agreement or any other Loan Document, or the validity, effectiveness, genuineness, enforceability
or sufficiency of this Agreement or any other Loan Document, or the validity, perfection or priority of any Lien or security interest
created or purported to be created under the Collateral Documents, the value or sufficiency of any Collateral or the satisfaction
of any condition set forth in Article IV or elsewhere herein, other than to confirm receipt of items
expressly required to be delivered to the Administrative Agent, or for any failure of any Loan Party or any other party to any
Loan Document to perform its obligations hereunder or thereunder or (c) be responsible or have any liability for, or have any
duty to ascertain, inquire into, monitor or enforce, compliance with the provisions hereof relating to Disqualified Lenders; further,
without limiting the generality of the foregoing clause (c), no Agent-Related Person shall (x) be obligated to ascertain, monitor
or inquire as to whether any Lender or Participant or prospective Lender or Participant is a Disqualified Lender or (y) have any
liability with respect to or arising out of any assignment or participation of Loans, or disclosure of confidential information,
to any Disqualified Lender. No Agent-Related Person shall be under any obligation to any Lender or participant to ascertain or
to inquire as to the observance or performance of any of the agreements contained in, or conditions of, this Agreement or any
other Loan Document, or to inspect the properties, books or records of any Loan Party or any Affiliate thereof. No Agent shall
have any duty to take any discretionary action or exercise any discretionary powers, except discretionary rights and powers expressly
contemplated hereby or by the other Loan Documents that such Agent is required to exercise as directed in writing by the Required
Lenders (or such other number or percentage of the Lenders as shall be expressly provided for herein or in the other Loan Documents);
provided that such Agent shall not be required to take any action that, in its judgment or the judgment of its counsel,
may expose such Agent to liability or that is contrary to any Loan Document or applicable Law. No Agent shall be liable for any
action taken or not taken by it with the consent or at the request of the Required Lenders (or such other number or percentage
of the Lenders as shall be expressly provided for herein or in the other Loan Documents), or in the absence of its own gross negligence
or willful misconduct, as determined by the final and non-appealable judgment of a court of competent jurisdiction, in connection
with its duties expressly set forth herein.

 

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Section
9.04                     Reliance
by Agents.

 

(a)               
Each Agent shall be entitled to rely, and shall be fully protected in relying, upon any writing, communication, signature,
resolution, representation, notice, request, consent, certificate, instrument, affidavit, letter, telegram, facsimile, telex or
telephone message, electronic mail message, statement or other document or conversation believed by it to be genuine and correct
and to have been signed, sent or made by the proper Person or Persons, and upon advice and statements of legal counsel (including
counsel to any Loan Party), independent accountants and other experts selected by such Agent and shall not incur any liability
for relying thereon. Each Agent shall be fully justified in failing or refusing to take any action under any Loan Document unless
it shall first receive such advice or concurrence of the Required Lenders as it deems appropriate and, if it so requests, it shall
first be indemnified to its satisfaction by the Lenders against any and all liability and expense which may be incurred by it
by reason of taking or continuing to take any such action. Each Agent shall in all cases be fully protected in acting, or in refraining
from acting, under this Agreement or any other Loan Document in accordance with a request or consent of the Required Lenders (or
such greater number of Lenders as may be expressly required hereby in any instance) and such request and any action taken or failure
to act pursuant thereto shall be binding upon all the Lenders.

 

(b)               
For purposes of determining compliance with the conditions specified in Section 4.01, each Lender that has signed
this Agreement 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 a Lender unless the Administrative Agent
shall have received notice from such Lender prior to the proposed Closing Date specifying its objection thereto.

 

Section
9.05                     Notice
of Default. The Administrative Agent shall not be
deemed to have knowledge or notice of the occurrence of any Default, except with respect to defaults in the payment of principal,
interest and fees required to be paid to the Administrative Agent for the account of the Lenders, unless the Administrative Agent
shall have received written notice from a Lender or the Borrower referring to this Agreement, describing such Default and stating
that such notice is a “notice of default.” The Administrative Agent will notify the Lenders of its receipt of any
such notice. Subject to the other provisions of this Article IX, the Administrative Agent shall take
such action with respect to any Event of Default as may be directed by the Required Lenders in accordance with Article VIII;
provided that unless and until the Administrative Agent has received any such direction, the Administrative Agent may (but
shall not be obligated to) take such action, or refrain from taking such action, with respect to such Event of Default as it shall
deem advisable or in the best interest of the Lenders.

 

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Section
9.06                     Credit
Decision; Disclosure of Information by Agents. Each
Lender acknowledges that no Agent-Related Person has made any representation or warranty to it, and that no act by any Agent hereafter
taken, including any consent to and acceptance of any assignment or review of the affairs of any Loan Party or any Affiliate thereof,
shall be deemed to constitute any representation or warranty by any Agent-Related Person to any Lender as to any matter, including
whether Agent-Related Persons have disclosed material information in their possession. Each Lender represents to each Agent that
it has, independently and without reliance upon any Agent-Related Person and based on such documents and information as it has
deemed appropriate, made its own appraisal of an investigation into the business, prospects, operations, property, financial and
other condition and creditworthiness of the Loan Parties and their respective Subsidiaries, and all applicable bank or other regulatory
Laws relating to the transactions contemplated hereby, and made its own decision to enter into this Agreement and to extend credit
to the Borrower and the other Loan Parties hereunder. Each Lender also represents that it will, independently and without reliance
upon any Agent-Related Person and based on such documents and information as it shall deem appropriate at the time, continue to
make its own credit analysis, appraisals and decisions in taking or not taking action under this Agreement and the other Loan
Documents, and to make such investigations as it deems necessary to inform itself as to the business, prospects, operations, property,
financial and other condition and creditworthiness of the Borrower and the other Loan Parties. Except for notices, reports and
other documents expressly required to be furnished to the Lenders by any Agent herein, such Agent shall not have any duty or responsibility
to provide any Lender with any credit or other information concerning the business, prospects, operations, property, financial
and other condition or creditworthiness of any of the Loan Parties or any of their respective Affiliates which may come into the
possession of any Agent-Related Person.

 

Section
9.07                     Indemnification
of Agents. Whether or not the transactions contemplated
hereby are consummated, the Lenders shall indemnify upon demand each Agent-Related Person (to the extent not reimbursed by or
on behalf of any Loan Party and without limiting the obligation of any Loan Party to do so), pro rata, and hold harmless each
Agent-Related Person from and against any and all Indemnified Liabilities incurred by it in its capacity as an Agent-Related Person;
provided that no Lender shall be liable for the payment to any Agent-Related Person of any portion of such Indemnified
Liabilities resulting from such Agent-Related Person’s own gross negligence or willful misconduct, as determined by the
final and non-appealable judgment of a court of competent jurisdiction; provided that no action taken in accordance with
the directions of the Required Lenders (or such other number or percentage of the Lenders as shall be required by the Loan Documents)
shall be deemed to constitute gross negligence or willful misconduct for purposes of this Section 9.07. In the case
of any investigation, litigation or proceeding giving rise to any Indemnified Liabilities, this Section 9.07 applies whether
any such investigation, litigation or proceeding is brought by any Lender or any other Person. Without limitation of the foregoing,
each Lender shall reimburse the Administrative Agent upon demand for its ratable share of any costs or out-of-pocket expenses
(including Attorney Costs) incurred by the Administrative Agent in connection with the preparation, execution, delivery, administration,
modification, amendment or enforcement (whether through negotiations, legal proceedings or otherwise) of, or legal advice in respect
of rights or responsibilities under, this Agreement, any other Loan Document, or any document contemplated by or referred to herein,
to the extent that the Administrative Agent is not reimbursed for such expenses by or on behalf of the Borrower, provided
that such reimbursement by the Lenders shall not affect the Borrower’s continuing reimbursement obligations with respect
thereto, if any. The undertaking in this Section 9.07 shall survive termination of the Aggregate Commitments, the payment
of all other Obligations and the resignation of the Administrative Agent.

 

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Section
9.08                     Agents
in their Individual Capacities. Bank of America
and its Affiliates may make loans to, issue letters of credit for the account of, accept deposits from, acquire Equity
Interests in and generally engage in any kind of banking, trust, financial advisory, underwriting or other business with each
of the Loan Parties and their respective Affiliates as though Bank of America were not the Administrative Agent hereunder and
without notice to or consent of the Lenders. The Lenders acknowledge that, pursuant to such activities, Bank of America or its
Affiliates may receive information regarding any Loan Party or any Affiliate of a Loan Party (including information that may be
subject to confidentiality obligations in favor of such Loan Party or such Affiliate) and acknowledge that the Administrative
Agent shall be under no obligation to provide such information to them. With respect to its Loans, Bank of America shall have
the same rights and powers under this Agreement as any other Lender and may exercise such rights and powers as though it were
not the Administrative Agent, and the terms “Lender” and “Lenders” include Bank of America in its individual
capacity.

 

Section
9.09                     Successor
Agents. The Administrative Agent may resign as the
Administrative Agent and Collateral Agent upon thirty (30) days’ notice to the Lenders and the Borrower. If the Administrative
Agent resigns under this Agreement, the Required Lenders shall appoint from among the Lenders a successor agent for the Lenders,
which appointment of a successor agent shall require the consent of the Borrower at all times other than during the existence
of an Event of Default under Section 8.01(f) or (g) (which consent of the Borrower shall not be unreasonably
withheld or delayed). If no successor agent is appointed prior to the effective date of the resignation of the Administrative
Agent, the Administrative Agent may appoint, after consulting with the Lenders and the Borrower, a successor agent from among
the Lenders. Upon the acceptance of its appointment as successor agent hereunder, the Person acting as such successor agent shall
succeed to all the rights, powers and duties of the retiring Administrative Agent and Collateral Agent and the term “Administrative
Agent” shall mean such successor administrative agent and/or supplemental administrative agent, as the case may be (and
the term “Collateral Agent” shall mean such successor collateral agent, as described in this Section 9.09 and/or
supplemental agent, as described in Section 9.02), and the retiring Administrative Agent’s appointment, powers and
duties as the Administrative Agent and Collateral Agent shall be terminated. After the retiring Administrative Agent’s resignation
hereunder as the Administrative Agent and Collateral Agent, the provisions of this Article IX and Section 10.04
and Section 10.05 shall inure to its benefit as to any actions taken or omitted to be taken by it while it was the Administrative
Agent and Collateral Agent under this Agreement. If no successor agent has accepted appointment as the Administrative Agent and
Collateral Agent by the date which is thirty (30) days following the retiring Administrative Agent’s notice of resignation,
the retiring Administrative Agent’s resignation shall nevertheless thereupon become effective and the Lenders shall perform
all of the duties of the Administrative Agent and Collateral Agent hereunder until such time, if any, as the Required Lenders
appoint a successor agent as provided for above (except that in the case of any collateral security held by the Collateral Agent
on behalf of the Lenders under any of the Loan Documents, the retiring Collateral Agent shall continue to hold such collateral
security until such time as a successor Collateral Agent is appointed). Upon the acceptance of any appointment as the Administrative
Agent and Collateral Agent hereunder by a successor and upon the execution and filing or recording of such financing statements,
or amendments thereto, and such other instruments or notices, as may be necessary or desirable, or as the Required Lenders may
reasonably request, in order to (a) continue the perfection of the Liens granted or purported to be granted by the Collateral
Documents or (b) otherwise ensure that the Collateral and Guarantee Requirement is satisfied, the Administrative Agent shall thereupon
succeed to and become vested with all the rights, powers, discretion, privileges, and duties of the retiring Administrative Agent
and Collateral Agent, and the retiring Administrative Agent and Collateral Agent shall, to the extent not previously discharged,
be discharged from its duties and obligations under the Loan Documents.

 

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Section
9.10                     Administrative
Agent May File Proofs of Claim. In case of
the pendency of any receivership, insolvency, liquidation, bankruptcy, reorganization, arrangement, adjustment, composition or
other judicial proceeding relative to any Loan Party, the Administrative Agent (irrespective of whether the principal of any Loan
shall then be due and payable as herein expressed or by declaration or otherwise and irrespective of whether the Administrative
Agent shall have made any demand on the Borrower) shall be entitled and empowered, by intervention in such proceeding or otherwise:

 

(a)               
to file and prove a claim for the whole amount of the principal and interest owing and unpaid in respect of the Loans and
all other Obligations that are owing and unpaid and to file such other documents as may be necessary or advisable in order to
have the claims of the Lenders and the Administrative Agent (including any claim for the reasonable compensation, expenses, disbursements
and advances of the Lenders and the Administrative Agent and their respective agents and counsel and all other amounts due the
Lenders and the Administrative Agent under Section 2.09 and Section 10.04) allowed in such judicial proceeding;
and

 

(b)               
to collect and receive any monies or other property payable or deliverable on any such claims and to distribute the same;
and

 

(c)               
any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official in any such judicial proceeding
is hereby authorized by each Lender to make such payments to the Administrative Agent and, in the event that the Administrative
Agent shall consent to the making of such payments directly to the Lenders, to pay to the Administrative Agent any amount due
for the reasonable compensation, expenses, disbursements and advances of the Agents and their respective agents and counsel, and
any other amounts due to the Administrative Agent under Section 2.09 and Section 10.04.

 

The
Secured Parties hereby irrevocably authorize the Administrative Agent, at the direction of the Required Lenders, to credit bid
all or any portion of the Obligations (including accepting some or all of the Collateral in satisfaction of some or all of the
Obligations pursuant to a deed in lieu of foreclosure or otherwise) and in such manner purchase (either directly or through one
or more acquisition vehicles) all or any portion of the Collateral (a) at any sale thereof conducted under the provisions of the
Bankruptcy Code, including under Sections 363, 1123 or 1129 of the Bankruptcy Code, or any similar Laws in any other jurisdictions
to which a Loan Party is subject, (b) at any other sale or foreclosure or acceptance of collateral in lieu of debt conducted by
(or with the consent or at the direction of) the Administrative Agent (whether by judicial action or otherwise) in accordance
with any applicable Law. In connection with any such credit bid and purchase, the Obligations owed to the Secured Parties shall
be entitled to be, and shall be, credit bid on a ratable basis (with Obligations with respect to contingent or unliquidated claims
receiving contingent interests in the acquired assets on a ratable basis that would vest upon the liquidation of such claims in
an amount proportional to the liquidated portion of the contingent claim amount used in allocating the contingent interests) in
the asset or assets so purchased (or in the Equity Interests or debt instruments of the acquisition vehicle or vehicles that are
used to consummate such purchase). In connection with any such bid (i) the Administrative Agent shall be authorized to form one
or more acquisition vehicles to make a bid, (ii) to adopt documents providing for the governance of the acquisition vehicle or
vehicles (provided that any actions by the Administrative Agent with respect to such acquisition vehicle or vehicles, including
any disposition of the assets or Equity Interests thereof shall be governed, directly or indirectly, by the vote of the Required
Lenders, irrespective of the termination of this Agreement and without giving effect to the limitations on actions by the Required
Lenders contained in clauses (a) through (g) of Section 10.01), (iii) the Administrative Agent
shall be authorized to assign the relevant Obligations to any such acquisition vehicle pro rata by the Lenders, as a result of
which each of the Lenders shall be deemed to have received a pro rata portion of any Equity Interests and/or debt instruments
issued by such an acquisition vehicle on account of the assignment of the Obligations to be credit bid, all without the need for
any Secured Party or acquisition vehicle to take any further action, and (iv) to the extent that Obligations that are assigned
to an acquisition vehicle are not used to acquire Collateral for any reason (as a result of another bid being higher or better,
because the amount of Obligations assigned to the acquisition vehicle exceeds the amount of debt credit bid by the acquisition
vehicle or otherwise), such Obligations shall automatically be reassigned to the Lenders pro rata and the Equity Interests and/or
debt instruments issued by any acquisition vehicle on account of the Obligations that had been assigned to the acquisition vehicle
shall automatically be canceled, without the need for any Secured Party or any acquisition vehicle to take any further action.

 

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Nothing contained herein
shall be deemed to authorize the Administrative Agent to authorize or consent to or accept or adopt on behalf of any Lender any
plan of reorganization, arrangement, adjustment or composition affecting the Obligations or the rights of any Lender or to authorize
the Administrative Agent to vote in respect of the claim of any Lender in any such proceeding.

 

Section
9.11                     Collateral
and Guaranty Matters. The Lenders irrevocably agree:

 

(a)               
that any Lien on any property granted to or held by the Administrative Agent or the Collateral Agent under any Loan Document
shall be automatically released (i) upon termination of the Aggregate Commitments and payment in full of all Obligations (other
than contingent indemnification obligations and other contingent obligations not yet accrued and payable), (ii) at the time the
property subject to such Lien is transferred or to be transferred as part of or in connection with any transfer permitted hereunder
or under any other Loan Document to any Person other than any other Loan Party, (iii) subject to Section 10.01, if the
release of such Lien is approved, authorized or ratified in writing by the Required Lenders, (iv) if the property subject to such
Lien is owned by a Guarantor, upon release of such Guarantor from its obligations under its Guaranty pursuant to clause (c)
below or (v) if the property subject to such Lien becomes Excluded Property;

 

(b)               
to release or subordinate any Lien on any property granted to or held by the Administrative Agent or the Collateral Agent
under any Loan Document to the holder of any Lien on such property that is permitted by Sections 7.01(i) and (o);

 

(c)               
if any Subsidiary Guarantor ceases to be a Restricted Subsidiary, or becomes an Excluded Subsidiary, in each case as a
result of a transaction or designation permitted hereunder (as certified in writing delivered to the Administrative Agent by a
Responsible Officer of the Borrower), (x) such Subsidiary shall be automatically released from its obligations under the Guaranty
and (y) any Liens granted by such Subsidiary or Liens on the Equity Interests of such Subsidiary (to the extent such Equity Interests
have become Excluded Property or are being transferred to a Person that is not a Loan Party) shall be automatically released.

 

Upon
request by the Administrative Agent at any time, the Required Lenders will confirm in writing the Administrative Agent’s
authority to release or subordinate its interest in particular types or items of property, or to release any Guarantor from its
obligations under the Guaranty pursuant to this Section 9.11. In each case as specified in this Section 9.11,
the Administrative Agent will promptly (and each Lender irrevocably authorizes the Administrative Agent to), at the Borrower’s
expense, execute and deliver to the applicable Loan Party such documents as such Loan Party may reasonably request to evidence
the release or subordination of such item of Collateral from the assignment and security interest granted under the Collateral
Documents, or to evidence the release of such Guarantor from its obligations under the Guaranty, in each case in accordance with
the terms of the Loan Documents and this Section 9.11. Prior to releasing or subordinating its interest in particular types
or items of property, or to release any Guarantor from its obligations under the Guaranty pursuant to this Section 9.11,
the Administrative Agent and/or the Collateral Agent shall be entitled to receive a certificate of a Responsible Officer of the
Borrower stating that such actions are permitted under this Agreement. Neither the Administrative Agent nor the Collateral Agent
shall be liable for any such release undertaken in reliance upon any such certificate of a Responsible Officer of the Borrower.

 

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The
Collateral Agent shall have no obligation whatsoever to the Lenders or to any other Person to assure that the Collateral exists
or is owned by any Loan Party or is cared for, protected or insured or that the Liens granted to the Collateral Agent herein or
pursuant hereto have been properly or sufficiently or lawfully created, perfected, protected or enforced or are entitled to any
particular priority, or to exercise or to continue exercising at all or in any manner or under any duty of care, disclosure or
fidelity any of the rights, authorities and powers granted or available to the Collateral Agent in this Section 9.11
or in any of the Collateral Documents, it being understood and agreed that in respect of the Collateral, or any act, omission
or event related thereto, the Collateral Agent may act in any manner it may deem appropriate, in its sole discretion, given the
Collateral Agent’s own interest in the Collateral as one of the Lenders and that the Collateral Agent shall have no duty
or liability whatsoever to the Lenders, except for its gross negligence or willful misconduct (as determined by a court of competent
jurisdiction in a final and non-appealable decision).

 

Section
9.12                     Other
Agents; Arrangers and Managers. None of the Lenders,
the Agents, the Lead Arrangers or other Persons identified on the facing page or signature pages of this Agreement as a “joint
lead arranger and bookrunner” or “co-arranger” shall have any right, power, obligation, liability, responsibility
or duty under this Agreement other than those applicable to all Lenders as such. Without limiting the foregoing, none of the Lenders
or other Persons so identified shall have or be deemed to have any fiduciary relationship with any Lender. Each Lender acknowledges
that it has not relied, and will not rely, on any of the Lenders or other Persons so identified in deciding to enter into this
Agreement or in taking or not taking action hereunder.

 

Section
9.13                     Appointment
of Supplemental Administrative Agents.

 

(a)               
It is the purpose of this Agreement and the other Loan Documents that there shall be no violation of any Law of any jurisdiction
denying or restricting the right of banking corporations or associations to transact business as agent or trustee in such jurisdiction.
It is recognized that in case of litigation under this Agreement or any of the other Loan Documents, and in particular in case
of the enforcement of any of the Loan Documents, or in case the Administrative Agent deems that by reason of any present or future
Law of any jurisdiction it may not exercise any of the rights, powers or remedies granted herein or in any of the other Loan Documents
or take any other action which may be desirable or necessary in connection therewith, the Administrative Agent is hereby authorized
to appoint an additional individual or institution selected by the Administrative Agent in its sole discretion as a separate trustee,
co-trustee, administrative agent, collateral agent, administrative sub-agent or administrative co-agent (any such additional individual
or institution being referred to herein individually as a “Supplemental Administrative Agent” and, collectively,
as “Supplemental Administrative Agents”).

 

(b)               
In the event that the Administrative Agent appoints a Supplemental Administrative Agent with respect to any Collateral,
(i) each and every right, power, privilege or duty expressed or intended by this Agreement or any of the other Loan Documents
to be exercised by or vested in or conveyed to the Administrative Agent with respect to such Collateral shall be exercisable by
and vest in such Supplemental Administrative Agent to the extent, and only to the extent, necessary to enable such Supplemental
Administrative Agent to exercise such rights, powers and privileges with respect to such Collateral and to perform such duties
with respect to such Collateral, and every covenant and obligation contained in the Loan Documents and necessary to the exercise
or performance thereof by such Supplemental Administrative Agent shall run to and be enforceable by either the Administrative
Agent or such Supplemental Administrative Agent, and (ii) the provisions of this Article IX and of Section 10.04
and Section 10.05 that refer to the Administrative Agent shall inure to the benefit of such Supplemental Administrative
Agent and all references therein to the Administrative Agent shall be deemed to be references to the Administrative Agent and/or
such Supplemental Administrative Agent, as the context may require.

 

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(c)               
Should any instrument in writing from any Loan Party be required by any Supplemental Administrative Agent so appointed
by the Administrative Agent for more fully and certainly vesting in and confirming to him or it such rights, powers, privileges
and duties, the Borrower shall, or shall cause such Loan Party to, execute, acknowledge and deliver any and all such instruments
promptly upon request by the Administrative Agent. In case any Supplemental Administrative Agent, or a successor thereto, shall
die, become incapable of acting, resign or be removed, all the rights, powers, privileges and duties of such Supplemental Administrative
Agent, to the extent permitted by Law, shall vest in and be exercised by the Administrative Agent until the appointment of a new
Supplemental Administrative Agent.

 

Section
9.14                     Withholding
Tax. To the extent required by any applicable Law,
the Administrative Agent may deduct or withhold from any payment to any Lender under any Loan Document an amount equivalent to
any applicable withholding Tax. If the Internal Revenue Service or any other Governmental Authority asserts a claim that the Administrative
Agent did not properly withhold Tax from amounts paid to or for the account of any Lender for any reason (including because the
appropriate form was not delivered or was not properly executed or because such Lender failed to notify the Administrative Agent
of a change in circumstance that rendered the exemption from, or reduction of, withholding Tax ineffective), such Lender shall
indemnify and hold harmless the Administrative Agent fully for all amounts paid, directly or indirectly, by the Administrative
Agent as Tax or otherwise, and shall make payable in respect thereof within ten (10) days after demand therefore including any
penalties, additions to Tax or interest and together with all expenses (including legal expenses, allocated internal costs and
out-of-pocket expenses) incurred, whether or not such Tax was correctly or legally imposed or asserted by the relevant Governmental
Authority. A certificate as to the amount of such payment or liability delivered to any Lender by the Administrative Agent shall
be conclusive absent manifest error. Each Lender hereby authorizes the Administrative Agent to set off and apply any and all amounts
at any time owing to such Lender under this Agreement or any other Loan Document against any amount due the Administrative Agent
under this Section 9.14. The agreements in this Section 9.14 shall survive the resignation and/or replacement
of the Administrative Agent, any assignment of rights by, or the replacement of, a Lender, the termination of this Agreement and
the repayment, satisfaction or discharge of all other obligations. For the avoidance of doubt, this Section 9.14 shall
not limit or expand the obligations of the Borrower or any Guarantor under Section 3.01 or any other provision of this
Agreement.

 

ARTICLE
X

 

Miscellaneous

 

Section
10.01                 Amendments, Etc.
Except as otherwise set forth in this Agreement,
no amendment or waiver of any provision of this Agreement or any other Loan Document, and no consent to any departure by the Borrower
or any other Loan Party therefrom, shall be effective unless in writing signed by the Required Lenders and the Borrower or the
applicable Loan Party, as the case may be, and acknowledged by the Administrative Agent and each such waiver or consent shall
be effective only in the specific instance and for the specific purpose for which given; provided that no such amendment,
waiver or consent shall:

 

(a)               
extend or increase the Bridge Commitment of any Lender without the written consent of each Lender directly and adversely
affected thereby (it being understood that a waiver of any condition precedent set forth in Section 4.01 or the waiver
of any Default, mandatory prepayment or mandatory reduction of the Bridge Commitments shall not constitute an extension or increase
of any Bridge Commitment of any Lender);

 

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(b)               
postpone any date scheduled for, or reduce the amount of, any payment of principal or interest under Section 2.07
or Section 2.08, fees or other amounts without the written consent of each Lender directly and adversely affected thereby,
it being understood that the waiver of (or amendment to the terms of) any mandatory prepayment of the Loans shall not constitute
a postponement of any date scheduled for the payment of principal or interest;

 

(c)               
reduce the principal of, or the rate of interest specified herein on, any Loan, or (subject to clause (iii) of the
second proviso to this Section 10.01) any fees or other amounts payable hereunder or under any other Loan Document without
the written consent of each Lender directly and adversely affected thereby, it being understood that any change to the definition
of Senior Secured Leverage Ratio, Senior Secured Leverage Ratio or Total Leverage Ratio or in the component definitions thereof
shall not constitute a reduction in the rate of interest or fees; provided that only the consent of the Required Lenders
shall be necessary to (i) amend the definition of “Default Rate”, (ii) to waive any obligation of the Borrowers to
pay interest at the Default Rate or (iii) effectuate or implement any changes in accordance with Section 1.10;

 

(d)               
change any provision of this Section 10.01 or Section 2.13, 8.04 or 10.07(b)(ii)(F)-(J) that would
alter the pro rata sharing of payments, ratable reduction of Loans or the definition of “Required Lenders” without
the written consent of each Lender directly and adversely affected thereby;

 

(e)               
release all or substantially all of the Collateral in any transaction or series of related transactions, without the written
consent of each Lender; provided that any transaction permitted under Section 7.04 or Section 7.05 shall
not be subject to this clause (e) to the extent such transaction does not result in the release of all or substantially
all of the Collateral;

 

(f)                
release all or substantially all of the value of the Guarantees in any transaction or series of related transactions, without
the written consent of each Lender; provided that any transaction permitted under Section 7.04 or Section 7.05
shall not be subject to this clause (f) to the extent such transaction does not result in the release of all or substantially
all of the Guarantees;

 

(g)               
change the definition of “Required Lenders” without the written consent of each Lender;

 

(h)               
result in the subordination of Obligations hereunder and/or the security interests of the Lenders or any other Secured
Party in the Collateral or payments owed hereunder to the Lenders or any other Secured Party without the written consent of each
Lender directly and adversely affected thereby;

 

(i)                
amend, modify or waive any provision relating to a Change of Control Offer after notice in respect of such Change of Control
Offer has been delivered to the Administrative Agent; or

 

(j)                
amend, modify or waive any provision in the Description of Exchange Notes that requires (or would, if any Exchange Notes
were outstanding, require) the approval of all holders of Exchange Notes, without the written consent of each Lender directly
affected thereby.

 

and
provided, further, that (i) no amendment, waiver or consent shall, unless in writing and signed by the Administrative Agent
in addition to the Lenders required above, affect the rights or duties of, or any fees or other amounts payable to, the Administrative
Agent under this Agreement or any other Loan Document; (ii) Section 10.07(h) may not be amended, waived or otherwise
modified without the consent of each Granting Lender all or any part of whose Loans are being funded by an SPC at the time of
such amendment, waiver or other modification; (iii) (A) [reserved] and (B) in determining whether the requisite percentage of
Lenders have consented to any amendment, modification, waiver or other action, any Defaulting Lenders shall be deemed to have
voted in the same proportion as those Lenders who are not Defaulting Lenders, except with respect to (x) any amendment, waiver
or other action which by its terms requires the consent of all Lenders or each affected Lender and (y) any amendment, waiver or
other action that by its terms adversely affects any Defaulting Lender in its capacity as a Lender in a manner that differs in
any material respect from other affected Lenders, in which case the consent of such Defaulting Lender shall be required.

 

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Notwithstanding
anything to the contrary contained in this Section 10.01, any guarantees, collateral security documents and related
documents executed by Subsidiaries in connection with this Agreement may be in a form reasonably determined by the Administrative
Agent and may be, together with this Agreement, amended, supplemented and waived with the consent of the Administrative Agent
at the request of the Borrower without the need to obtain the consent of any Lender if such amendment, supplement or waiver is
delivered in order (i) to comply with local Law or advice of local counsel, (ii) to cure ambiguities, omissions, mistakes or defects
or (iii) to cause such guarantee, collateral security document or other document to be consistent with this Agreement and the
other Loan Documents. Furthermore, with the consent of the Administrative Agent at the request of the Borrower (without the need
to obtain any consent of any Lender), any Loan Document may be amended to cure ambiguities, omissions, mistakes or defects.

 

Neither the Administrative
Agent nor the Collateral Agent shall amend or waive any provision of an Applicable Intercreditor Agreement (other than to cure
ambiguities, omissions, mistakes or defects or to add other parties thereto (to the extent contemplated by Section 7.01)) without
the written consent of the Required Lenders.

 

Notwithstanding
anything in this Section 10.01 to the contrary, (a) technical and conforming modifications to the Loan Documents
may be made with the consent of the Borrower and the Administrative Agent to the extent necessary (i) [reserved], (ii) [reserved]
and (iii) to make any amendments permitted by Section 1.03 and to give effect to any election to adopt IFRS and (b) without
the consent of any Lender, the Loan Parties and the Administrative Agent or any collateral agent may (in their respective sole
discretion, or shall, to the extent required by any Loan Document) enter into (x) any amendment, modification or waiver of any
Loan Document, or enter into any new agreement or instrument, to effect the granting, perfection, protection, expansion or enhancement
of any security interest in any Collateral or additional property to become Collateral for the benefit of the Secured Parties
or as required by local law to give effect to, or protect any security interest for benefit of the Secured Parties, in any property
or so that the security interests therein comply with applicable law or this Agreement or in each case to otherwise enhance the
rights or benefits of any Lender under any Loan Document or (y) any Applicable Intercreditor Agreement, in each case, with the
holders of Indebtedness permitted by this Agreement to be secured by the Collateral. Without limitation of the foregoing, the
Borrower may, without the consent of any Lenders, upon delivery to the Administrative Agent (i) increase the interest rates (including
any interest rate margins or interest rate floors), fees and other amounts payable to any Lenders hereunder, (ii) [reserved] and/or
(iii) [reserved]; provided that the Administrative Agent will have at least five Business Days (or such shorter period
to which the Administrative Agent may consent in its reasonable discretion) after written notice from the Borrower to provide
such consent and may, in its sole discretion, provide written notice to the Lenders regarding any such proposed amendment.

 

Section
10.02                 Notices and Other
Communications; Facsimile Copies.

 

(a)               
General. Unless otherwise expressly provided herein, all notices and other communications provided for hereunder
or under any other Loan Document shall be in writing (including by facsimile transmission). All such written notices shall be
mailed, faxed or delivered to the applicable address, facsimile number or electronic mail address, and all notices and other communications
expressly permitted hereunder to be given by telephone shall be made to the applicable telephone number, as follows:

 

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(i)                
if to the Borrower or the Administrative Agent, to the address, facsimile number, electronic mail address or telephone
number specified for such Person on Schedule 10.02 or to such other address, facsimile number, electronic mail address
or telephone number as shall be designated by such party in a notice to the other parties; and

 

(ii)              
if to any other Lender, to the address, facsimile number, electronic mail address or telephone number specified in its
Administrative Questionnaire or to such other address, facsimile number, electronic mail address or telephone number as shall
be designated by such party in a written notice to the Borrower and the Administrative Agent.

 

All
such notices and other communications shall be deemed to be given or made upon the earlier to occur of (i) actual receipt by the
relevant party hereto and (ii) (A) if delivered by hand or by courier, when signed for by or on behalf of the relevant party hereto;
(B) if delivered by mail, four (4) Business Days after deposit in the mails, postage prepaid; (C) if delivered by facsimile, when
sent and receipt has been confirmed by telephone; and (D) if delivered by electronic mail (which form of delivery is subject to
the provisions of Section 10.02(b)), when delivered; provided that notices and other communications to the
Administrative Agent pursuant to Article II shall not be effective until actually received by such Person during the person’s
normal business hours. In no event shall a voice mail message be effective as a notice, communication or confirmation hereunder.

 

(b)               
Electronic Communications. Notices and other communications to the Lenders hereunder may be delivered or furnished
by electronic communication (including e-mail and Internet or intranet websites) pursuant to procedures approved by the Administrative
Agent, provided that the foregoing shall not apply to notices to any Lender pursuant to Article II if such
Lender, as applicable, has notified the Administrative Agent that it is incapable of receiving notices under such Article by electronic
communication. The Administrative Agent or the Borrower may, in their discretion, agree to accept notices and other communications
to it hereunder by electronic communications pursuant to procedures approved by it, provided that approval of such procedures
may be limited to particular notices or communications.

 

Unless the Administrative
Agent otherwise prescribes, (i) notices and other communications sent to an e-mail address shall be deemed received upon the sender’s
receipt of an acknowledgement from the intended recipient (such as by the “return receipt requested” function, as
available, return e-mail or other written acknowledgement), provided that if such notice or other communication is not
sent during the normal business hours of the recipient, such notice or communication shall be deemed to have been sent at the
opening of business on the next business day for the recipient, and (ii) notices or communications posted to an Internet
or intranet website shall be deemed received upon the deemed receipt by the intended recipient at its e-mail address as described
in the foregoing clause (i) of notification that such notice or communication is available and identifying the website
address therefor.

 

(c)               
The Platform. THE PLATFORM IS PROVIDED “AS IS” AND “AS AVAILABLE.” THE AGENT PARTIES (AS
DEFINED BELOW) DO NOT WARRANT THE ACCURACY OR COMPLETENESS OF THE BORROWER MATERIALS OR THE ADEQUACY OF THE PLATFORM, AND EXPRESSLY
DISCLAIM LIABILITY FOR ERRORS IN OR OMISSIONS FROM THE BORROWER MATERIALS. NO WARRANTY OF ANY KIND, EXPRESS, IMPLIED OR STATUTORY,
INCLUDING ANY WARRANTY OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT OF THIRD PARTY RIGHTS OR FREEDOM
FROM VIRUSES OR OTHER CODE DEFECTS, IS MADE BY ANY AGENT PARTY IN CONNECTION WITH THE BORROWER MATERIALS OR THE PLATFORM. In no
event shall the Administrative Agent, Lead Arrangers or any of their respective Agent-Related Persons (collectively, the “Agent
Parties”) have any liability to the Loan Parties, any Lender, or any other Person for losses, claims, damages, liabilities
or expenses of any kind (whether in tort, contract or otherwise) arising out of the Borrower’s or the Administrative Agent’s
transmission of Borrower Materials through the Internet, except to the extent that such losses, claims, damages, liabilities or
expenses are determined by a court of competent jurisdiction by a final and non-appealable judgment to have resulted from the
gross negligence or willful misconduct of such Agent Party; provided, however, that in no event shall any Agent
Party have any liability to any Loan Party, any Lender, or any other Person for indirect, special, incidental, consequential or
punitive damages (as opposed to direct or actual damages).

 

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(d)               
Change of Address, Etc. Each of the Parent, the Borrower and the Administrative Agent may change its address, telecopier
or telephone number for notices and other communications hereunder by notice to the other parties hereto. Each other Lender may
change its address, facsimile or telephone number for notices and other communications hereunder by notice to the Borrower and
the Administrative Agent. In addition, each Lender agrees to notify the Administrative Agents from time to time to ensure that
the Administrative Agent has on record (i) an effective address, contact name, telephone number, telecopier number and electronic
mail address to which notices and other communications may be sent and (ii) accurate wire instructions for such Lender. Furthermore,
each Public Lender agrees to cause at least one individual at or on behalf of such Public Lender to at all times have selected
the “Private Side Information” or similar designation on the content declaration screen of the Platform in order to
enable such Public Lender or its delegate, in accordance with such Public Lender’s compliance procedures and applicable
Law, including United States Federal and state securities Laws, to make reference to Borrower Materials that are not made available
through the “Public Side Information” portion of the Platform and that may contain material non-public information
with respect to the Borrower or its securities for purposes of United States Federal or state securities laws.

 

(e)               
Reliance by Agents and Lenders. The Administrative Agent and the Lenders shall be entitled to rely and act upon
any notices (including telephonic Committed Loan Notices) purportedly given by or on behalf of the Borrower even if (i) such notices
were not made in a manner specified herein, were incomplete or were not preceded or followed by any other form of notice specified
herein, or (ii) the terms thereof, as understood by the recipient, varied from any confirmation thereof. The Borrower shall indemnify
each Agent-Related Person and each Lender from all losses, costs, expenses and liabilities resulting from the reliance by such
Person on each notice purportedly given by or on behalf of the Borrower in the absence of gross negligence or willful misconduct.
All telephonic notices to the Administrative Agent may be recorded by the Administrative Agent and each of the parties hereto
hereby consents to such recording.

 

(f)                
Notice to other Loan Parties. The Borrower agree that notices to be given to any other Loan Party under this Agreement
or any other Loan Document may be given to the Borrower in accordance with the provisions of this Section 10.02 with the
same effect as if given to such other Loan Party in accordance with the terms hereunder or thereunder.

 

(g)               
Communications. Each Loan Party hereby agrees that it will provide to the Administrative Agent all information,
documents and other materials that it is obligated to furnish to the Administrative Agent pursuant to this Agreement and any other
Loan Document, including all notices, requests, financial statements, financial and other reports, certificates and other information
materials, but excluding any such communication (unless otherwise approved in writing by the Administrative Agent) that (i) relates
to a request for the Borrowing or a conversion of the Borrowing, (ii) relates to the payment of any principal or other amount
due under this Agreement prior to the scheduled date therefor, (iii) [reserved], (iv) provides notice of any Default under this
Agreement or (v) is required to be delivered to satisfy any condition precedent to the effectiveness of this Agreement and/or
the borrowing hereunder (all such non-excluded communications, collectively, the “Specified Communications”;
and all such excluded and non-excluded communications, the “Communications”), by transmitting the Specified
Communications in an electronic/soft medium in a format reasonably acceptable to the Administrative Agent at such e-mail address(es)
provided to the Borrowers from time to time or in such other form, including hard copy delivery thereof, as the Administrative
Agent shall require. In addition, each Loan Party agrees to continue to provide the Specified Communications to the Administrative
Agent in the manner specified in this Agreement or any other Loan Document or in such other form, including hard copy delivery
thereof, as the Administrative Agent shall reasonably request. Nothing in this Section 10.03 shall prejudice the right
of the Agents, any Lender or any Loan Party to give any notice or other communication pursuant to this Agreement or any other
Loan Document in any other manner specified in this Agreement or any other Loan Document or as any such Agent shall require.

 

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Section
10.03                 No Waiver; Cumulative
Remedies. No failure by any Lender or the Administrative
Agent or Collateral Agent to exercise, and no delay by any such Person in exercising, any right, remedy, power or privilege hereunder
or under any other Loan Document shall operate as a waiver thereof; nor shall any single or partial exercise of any right, remedy,
power or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, remedy, power
or privilege. The rights, remedies, powers and privileges herein provided, and provided under each other Loan Document, are cumulative
and not exclusive of any rights, remedies, powers and privileges provided by Law.

 

Section
10.04                 Attorney Costs
and Expenses. The Borrower agree (a) if the
Closing Date occurs, to pay or reimburse the Administrative Agent and the Lead Arrangers for all reasonable and documented or
invoiced out-of-pocket costs and expenses associated with the syndication of the Loans and Bridge Commitments and the preparation,
execution and delivery, administration, amendment, modification, waiver and/or enforcement of this Agreement and the other Loan
Documents, and any amendment, waiver, consent or other modification of the provisions hereof and thereof (whether or not the transactions
contemplated thereby are consummated), including all Attorney Costs of a single firm of counsel (and any other counsel retained
with the Borrower’s consent (such consent not to be unreasonably withheld or delayed)) and one local and foreign counsel
in each relevant jurisdiction, and (b) to pay or reimburse the Administrative Agent, the Lead Arrangers and each Lender for all
reasonable and documented out-of-pocket costs and expenses incurred in connection with the enforcement of any rights or remedies
under this Agreement or the other Loan Documents (including all costs and expenses incurred in connection with any workout or
restructuring in respect of the Loans, all such costs and expenses incurred during any legal proceeding, including any proceeding
under any Debtor Relief Law, and including all Attorney Costs of counsel to the Administrative Agent). The foregoing costs and
expenses shall include all reasonable search, filing, recording and title insurance charges and fees related thereto, and other
reasonable and documented out-of-pocket expenses incurred by any Agent. The agreements in this Section 10.04 shall survive
the termination of the Aggregate Commitments and repayment of all other Obligations. All amounts due under this Section 10.04
shall be paid within ten (10) Business Days of receipt by the Borrower of an invoice relating thereto setting forth such expenses
in reasonable detail.

 

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Section
10.05                 Indemnification
by the Borrower. Whether or not the transactions
contemplated hereby are consummated, the Borrower shall indemnify and hold harmless each Agent-Related Person, each Lender, each
Lead Arranger and their respective Affiliates and their and their Affiliates’ respective partners, directors, officers,
employees, counsel, agents, advisors, and other representatives (collectively, the “Indemnitees”) from and
against any and all losses, liabilities, damages, claims, and reasonable and documented or invoiced out-of-pocket fees and expenses
(including reasonable Attorney Costs of one counsel for all Indemnitees and, if necessary, one firm of local counsel in each appropriate
jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for all Indemnitees (and, in the case
of an actual or perceived conflict of interest, where the Indemnitee affected by such conflict informs the Borrower of such conflict
and thereafter retains its own counsel, of another firm of counsel for such affected Indemnitee)) of any such Indemnitee arising
out of or relating to any claim or any litigation or other proceeding (regardless of whether such Indemnitee is a party thereto
and whether or not such proceedings are brought by the Borrower, its equity holders, its Affiliates, creditors or any other third
person) that relates to the Transaction, including the financing contemplated hereby, of any kind or nature whatsoever which may
at any time be imposed on, incurred by or asserted against any such Indemnitee in any way relating to or arising out of or in
connection with (a) the execution, delivery, enforcement, performance or administration of any Loan Document or any other agreement,
letter or instrument delivered in connection with the transactions contemplated thereby or the consummation of the transactions
contemplated thereby, (b) any Bridge Commitment, Loan or the use or proposed use of the proceeds therefrom, or (c) any actual
or alleged presence or Release or threat of Release of Hazardous Materials on, at, under or from any property currently or formerly
owned, leased or operated by the Borrower, any other Loan Party or any of their respective Subsidiaries, or any Environmental
Liability related in any way to the Borrower, any other Loan Party or any of their respective Subsidiaries, or (d) any actual
or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort
or any other theory (including any investigation of, preparation for, or defense of any pending or threatened claim, investigation,
litigation or proceeding) (all the foregoing, collectively, the “Indemnified Liabilities”), in all cases, whether
or not caused by or arising, in whole or in part, out of the negligence of the Indemnitee; provided that such indemnity
shall not, as to any Indemnitee, be available to the extent that such liabilities, obligations, losses, damages, penalties, claims,
demands, actions, judgments, suits, costs, expenses or disbursements resulted from (x) the gross negligence, bad faith or willful
misconduct of such Indemnitee or of any of its controlled Affiliates or controlling Persons or any of the partners, officers,
directors, employees, agents, advisors or members of any of the foregoing, in each case who are involved in or aware of the Transaction
(as determined by a court of competent jurisdiction in a final and non-appealable decision), (y) a material breach of the Loan
Documents by such Indemnitee or one of its Affiliates (as determined by a court of competent jurisdiction in a final and non-appealable
decision) or (z) disputes solely between and among such Indemnitees to the extent such disputes do not arise from any act or omission
of the Borrower or any of their Affiliates (other than with respect to a claim against an Indemnitee acting in its capacity
as an Agent or Lead Arranger or similar role under the Loan Documents unless such claim arose from the gross negligence, bad faith
or willful misconduct of such Indemnitee (as determined by a court of competent jurisdiction in a final and non-appealable decision)).
No Indemnitee shall be liable for any damages arising from the use by others of any information or other materials obtained through
IntraLinks or other similar information transmission systems in connection with this Agreement, nor shall any Indemnitee or any
Loan Party have any liability for any special, punitive, indirect or consequential damages relating to this Agreement or any other
Loan Document or arising out of its activities in connection herewith or therewith (whether before or after the Closing Date);
provided that the foregoing shall not limit any Loan Party’s indemnification obligations hereunder. In the case of an investigation,
litigation or other proceeding to which the indemnity in this Section 10.05 applies, such indemnity shall be effective
whether or not such investigation, litigation or proceeding is brought by any Loan Party, its directors, managers, partners, stockholders
or creditors or an Indemnitee or any other Person, whether or not any Indemnitee is otherwise a party thereto and whether or not
any of the transactions contemplated hereunder or under any of the other Loan Documents is consummated. All amounts due under
this Section 10.05 shall be paid within ten (10) Business Days after demand therefor; provided, however,
if the Borrower has reimbursed any Indemnitee for any legal or other expenses in connection with any Indemnified Liabilities and
there is a final non-appealable judgment of a court of competent jurisdiction that the Indemnitee was not entitled to indemnification
or contribution with respect to such Indemnified Liabilities pursuant to the express terms of this Section 10.05, then
the Indemnitee shall promptly refund such expenses paid by the Borrower to the Indemnitee. The agreements in this Section 10.05
shall survive the resignation of the Administrative Agent, the replacement of any Lender, the termination of the Aggregate
Commitments and the repayment, satisfaction or discharge of all the other Obligations. For the avoidance of doubt, this Section
10.05 shall not apply to Taxes other than Taxes that represent liabilities, obligations, losses, damages, etc., with respect
to a non-Tax claim.

 

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Section
10.06                 Payments Set Aside.
To the extent that any payment by or on behalf of the Borrower is made to any Agent or any Lender, or any Agent or any
Lender exercises its right of setoff, and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated,
declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by such Agent
or such Lender in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under
any Debtor Relief Law or otherwise, then (a) to the extent of such recovery, the obligation or part thereof originally intended
to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such setoff had
not occurred, and (b) each Lender severally agrees to pay to the Administrative Agent upon demand its applicable share of any
amount so recovered from or repaid by any Agent, plus interest thereon from the date of such demand to the date such payment is
made at a rate per annum equal to the Federal Funds Rate (or if the Federal Funds Rate is not available, a rate determined by
the Administrative Agent in accordance with banking industry rules on interbank compensation).

 

Section
10.07                 Successors and
Assigns.

 

(a)               
The provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective
successors and assigns permitted hereby, except as otherwise provided herein (including without limitation as permitted under
Section 7.04), neither the Parent nor any of their respective Subsidiaries may assign or otherwise transfer any of its
rights or obligations hereunder without the prior written consent of each Lender and no Lender may assign or otherwise transfer
any of its rights or obligations hereunder except (i) to an Eligible Assignee, (ii) by way of participation in accordance with
the provisions of Section 10.07(e), (iii) by way of pledge or assignment of a security interest subject to the restrictions
of Section 10.07(g) or (iv) to an SPC in accordance with the provisions of Section 10.07(h) (and any other attempted
assignment or transfer by any party hereto (other than to any Disqualified Lender) shall be null and void). Nothing in this Agreement,
expressed or implied, shall be construed to confer upon any Person (other than the parties hereto, their respective successors
and assigns permitted hereby, Participants to the extent provided in Section 10.07(e) and, to the extent expressly contemplated
hereby, the Indemnitees) any legal or equitable right, remedy or claim under or by reason of this Agreement.

 

(b)               
(i) Subject to the conditions set forth in paragraph (b)(ii) below, any Lender may assign to one or more assignees
(“Assignees”) all or a portion of its rights and obligations under this Agreement (including all or a portion
of the its Bridge Commitments and the Loans at the time owing to it) at any time, in consultation with (but without the consent
of) the Borrower; provided that:

 

(A)              
prior to the Extension Date, if no Specified Event of Default (with respect to the Borrower) has occurred and is continuing, the
consent of the Borrower shall be required with respect to any assignment that would result in the initial Lenders (together with
their respective affiliates) as of the Closing Date, collectively holding less than 50.1% of the aggregate outstanding principal
amount of Bridge Loans; provided further that the Borrower shall be deemed to have consented to any such assignment unless
it shall object thereto by written notice to the Administrative Agent within five (5) Business Days after having received notice
thereof; and

 

(B)             
the consent of the Administrative Agent shall be required; provided that no consent of the Administrative Agent shall be
required for an assignment of all or any portion of a Loan to another Lender, an Affiliate of a Lender or an Approved Fund.

 

(ii)              
Assignments shall be subject to the following additional conditions:

 

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(A)              
except in the case of an assignment to a Lender or an Affiliate of a Lender or an Approved Fund or an assignment of the entire
remaining amount of the assigning Lender’s Bridge Commitment or Loans, the amount of the Bridge Commitment or Loans of the
assigning Lender subject to each such assignment (determined as of the date the Assignment and Assumption with respect to such
assignment is delivered to the Administrative Agent) shall not be less than $1,000,000 unless the Borrower and the Administrative
Agent otherwise consent; provided that (1) no such consent of the Borrower shall be required if a Specified Event of Default
has occurred and is continuing and (2) such amounts shall be aggregated in respect of each Lender and its Affiliates or Approved
Funds, if any;

 

(B)             
the parties to each assignment shall execute and deliver to the Administrative Agent an Assignment and Assumption;

 

(C)             
(1) the Assignee, if it shall not be a Lender, shall deliver to the Administrative Agent an Administrative Questionnaire and any
documentation required by Section 3.01(f) and (2) the Assignee shall have delivered to the Administrative Agent all documentation
and other information that the Administrative Agent reasonably requests in order to comply with its ongoing obligations under
applicable “know your customer”, and anti-money laundering rules and regulations, including the USA PATRIOT Act;

 

(D)              
the Assignee shall not be a natural person, or a Disqualified Lender (and such Assignee shall be required to represent that it
is not a Disqualified Lender or an Affiliate of a Disqualified Lender that would constitute a Disqualified Lender but for the
fact that it is not readily identifiable as such on the basis of its name); provided that the list of Disqualified Lenders
shall not be posted or otherwise distributed to the Lenders, prospective Lenders and prospective assignees;

 

(E)             
the Assignee shall not be a Defaulting Lender; and

 

(F)              
in case of an assignment to an Affiliated Lender, (1) after giving effect to such assignment and to all other assignments with
all Affiliated Lenders, the aggregate principal amount (without duplication) of all Loans and Bridge Commitments then held by
all Affiliated Lenders (other than Affiliated Debt Funds) shall not exceed 25% of the aggregate unpaid principal amount of the
Loans then outstanding (determined at the time of such purchase), (2) any Loans and Bridge Commitments assigned to, or purchased
by, the Parent or any of their Subsidiaries shall be canceled promptly upon such assignment, (3) in the event that any proceeding
under the Bankruptcy Code shall be instituted by or against the Borrower or any other Guarantor, each Affiliated Lender shall
acknowledge and agree that they are each “insiders” under Section 101(31) of the Bankruptcy Code and, as such,
the claims associated with the Loans and Bridge Commitments owned by it shall not be included in determining whether the applicable
class of creditors holding such claims has voted to accept a proposed plan for purposes of Section 1129(a)(10) of the Bankruptcy
Code, or, alternatively, to the extent that the foregoing designation is deemed unenforceable for any reason, each Affiliated
Lender shall vote in such proceedings in the same proportion as the allocation of voting with respect to such matter by those
Lenders who are not Affiliated Lenders, except to the extent that any plan of reorganization proposes to treat the Obligations
held by such Affiliated Lender in a manner that is less favorable in any material respect to such Affiliated Lender than the proposed
treatment of similar Obligations held by Lenders that are not Affiliated Lenders; provided that this clause (3)
shall not apply to Affiliated Debt Funds, (4) such Affiliated Lender (other than Affiliated Debt Fund) will not receive information
provided solely to Lenders and will not be permitted to attend or participate in (or receive any notice of) Lender meetings or
conference calls and will not be entitled to challenge the Administrative Agent’s and the Lenders’ attorney-client
privilege as a result of their status as Affiliated Lenders and (5) notwithstanding anything to the contrary contained herein,
any such Loans acquired by an Affiliated Lender (other than the Borrower) may, with the consent of the Borrower, be contributed
to the Borrower (whether through any of its direct or indirect parent entities or otherwise) and exchanged for debt or equity
securities of the Parent or such other direct or indirect parent that are otherwise permitted to be issued at such time, provided
that such Loans shall be canceled promptly upon such contribution;

 

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(G)              
notwithstanding anything in Section 10.01 or the definition of “Required Lenders” to the contrary, for purposes
of determining whether the Required Lenders have (x) consented (or not consented) to any amendment, modification, waiver, consent
or other action with respect to any of the terms of any Loan Document or any departure by any Loan Party therefrom, (y) otherwise
acted on any matter related to any Loan Document or (z) directed or required the Administrative Agent or any Lender to undertake
any action (or refrain from taking any action) with respect to or under any Loan Document, all Loans and Bridge Commitments held
by Affiliated Debt Funds may not account for more than 49.9% (pro rata among such Affiliated Debt Funds) of the Loans and Bridge
Commitments (without duplication) of consenting Lenders included in determining whether the Required Lenders have consented to
any action pursuant to Section 10.01;

 

(H)              
the Parent and its Subsidiaries may not purchase any Loans or Bridge Commitments so long as any Event of Default has occurred
and is continuing;

 

(I)             
any purchases by Affiliated Lenders shall require that such Affiliated Lender clearly identify itself as an Affiliated Lender
in any Assignment and Assumption executed in connection with such purchases or sales and each such Assignment and Assumption shall
contain customary “big boy” representations but no requirement to make representations as to the absence of any material
non-public information; and

 

(J)              
notwithstanding anything in Section 10.01 or the definition of “Required Lenders” to the contrary, for purposes
of determining whether the Required Lenders have (i) consented (or not consented) to any amendment, modification, waiver, consent
or other action with respect to any of the terms of any Loan Document or any departure by any Loan Party therefrom (unless the
action in question affects any Affiliated Lenders (other than Affiliated Debt Funds) in a disproportionately adverse manner than
its effect on the other Lenders), or any plan of reorganization pursuant to the Bankruptcy Code, (ii) otherwise acted on any matter
related to any Loan Document, or (iii) directed or required the Administrative Agent or any Lender to undertake any action (or
refrain from taking any action) with respect to or under any Loan Document, no Affiliated Lender (other than Affiliated Debt Fund)
shall have any right to consent (or not consent), otherwise act or direct or require the Administrative Agent or any Lender to
take (or refrain from taking) any such action and:

 

(1)
all Loans and Bridge Commitments held by any Affiliated Lenders (other than Affiliated Debt Funds) shall be deemed to be not outstanding
for all purposes of calculating whether the Required Lenders have taken any actions; and

 

(2)
all Loans and Bridge Commitments held by Affiliated Lenders (other than Affiliated Debt Funds) shall be deemed to be not outstanding
for all purposes of calculating whether all Lenders have taken any action unless the action in question affects such Affiliated
Lender in a disproportionately adverse manner than its effect on other Lenders.

 

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(c)               
Subject to acceptance and recording thereof by the Administrative Agent pursuant to Section 10.07(d) and receipt
by the Administrative Agent from the parties to each assignment of a processing and recordation fee of $3,500 (provided
that (x) the Administrative Agent may, in its sole discretion, elect to waive such processing and recordation fee in the case
of any assignment and (y) such processing and recordation fee shall not be payable in the case of assignments by any Affiliate
of the Lead Arrangers), from and after the effective date specified in each Assignment and Assumption, the Eligible Assignee thereunder
shall be a party to this Agreement and, to the extent of the interest assigned by such Assignment and Assumption, have the rights
and obligations of a Lender under this Agreement, and the assigning Lender thereunder shall, to the extent of the interest assigned
by such Assignment and Assumption, be released from its obligations under this Agreement (and, in the case of an Assignment and
Assumption covering all of the assigning Lender’s rights and obligations under this Agreement, such Lender shall cease to
be a party hereto but shall continue to be entitled to the benefits of Sections 3.01, 3.03, 3.04, 10.04
and 10.05 with respect to facts and circumstances occurring prior to the effective date of such assignment). Upon request,
and the surrender by the assigning Lender of its Note (if any), the Borrower (at its expense) shall execute and deliver a Note
to the assignee Lender. Any assignment or transfer by a Lender of rights or obligations under this Agreement that does not comply
with this clause (c) shall be treated for purposes of this Agreement as a sale by such Lender of a participation in such
rights and obligations in accordance with Section 10.07(e). For greater certainty, any assignment by a Lender pursuant
to this Section 10.07 shall not in any way constitute or be deemed to constitute a novation, discharge, recession, extinguishment
or substitution of the existing Indebtedness and any Indebtedness so assigned shall continue to be the same obligation and not
a new obligations.

 

(d)               
The Administrative Agent, acting solely for this purpose as an agent of the Borrower, shall maintain at the Administrative
Agent’s Office a copy of each Assignment and Assumption delivered to it and a register for the recordation of the names
and addresses of the Lenders, and the Bridge Commitments of, and principal amounts (and related interest amounts) of the Loans,
owing to, each Lender pursuant to the terms hereof from time to time (the “Register”). The entries in the Register
shall be conclusive, absent demonstrable error, and the Borrower, the Agents and the Lenders shall treat each Person whose name
is recorded in the Register pursuant to the terms hereof as a Lender hereunder for all purposes of this Agreement, notwithstanding
notice to the contrary. The Register is intended to ensure that all Loans are at all times maintained in “registered form”
within the meaning of Section 5f.103(c) of the United States Treasury Regulations and, if different, under Section 871(h) or 881(c)
of the Code. The Register shall be available for inspection by the Borrower, any Agent and any Lender (with respect to its own
interests only), at any reasonable time and from time to time upon reasonable prior notice.

 

(e)               
Any Lender may at any time, without the consent of, or notice to, the Borrower or the Administrative Agent, sell participations
to any Person (other than a natural person, an Affiliated Lender (but excluding any Affiliated Debt Funds) or, so long as whether
a prospective participant is a Disqualified Lender may be communicated to a Lender upon request, a Disqualified Lender) (each,
a “Participant”) in all or a portion of such Lender’s rights and/or obligations under this Agreement
(including all or a portion of its Bridge Commitments and/or the Loans owing to it); provided that (i) such Lender’s
obligations under this Agreement shall remain unchanged, (ii) such Lender shall remain solely responsible to the other parties
hereto for the performance of such obligations and (iii) the Borrower, the Agents and the other Lenders shall continue to deal
solely and directly with such Lender in connection with such Lender’s rights and obligations under this Agreement. Any agreement
or instrument pursuant to which a Lender sells such a participation shall provide that such Lender shall retain the sole right
to enforce this Agreement and the other Loan Documents and to approve any amendment, modification or waiver of any provision of
this Agreement or the other Loan Documents; provided that such agreement or instrument may provide that such Lender will
not, without the consent of the Participant, agree to any amendment, waiver or other modification described in Section 10.01(a),
(b), (c), (d), (e), (f), (g) or (h) that directly affects such Participant. Subject to Section
10.07(f), the Borrower agree that each Participant shall be entitled to the benefits of Sections 3.01, 3.03
and 3.04 (through the applicable Lender), subject to the requirements and limitations of such Sections (including Section
3.01(f)) and Sections 3.05 and 3.06, to the same extent as if it were a Lender and had acquired its interest
by assignment pursuant to Section 10.07(b) (provided that any documentation required to be provided under Section 3.01(f)
shall be provided solely to the participating Lender. To the extent permitted by applicable Law, each Participant also shall
be entitled to the benefits of Section 10.09 as though it were a Lender; provided that such Participant agrees to
be subject to Section 2.13 as though it were a Lender. Any Lender that sells participations and any Granting Lender shall
maintain a register on which it enters the name and the address of each Participant or SPC and the principal amounts and related
interest amounts of each Participant’s or SPC’s interest in the Bridge Commitments and/or Loans (or other rights or
obligations) held by it (the “Participant Register”). The entries in the Participant Register shall be conclusive,
absent demonstrable error, and such Lender shall treat each person whose name is recorded in the Participant Register as the owner
of such participation interest or granted Loan as the owner thereof for all purposes notwithstanding any notice to the contrary.
In maintaining the Participant Register, such Lender shall be acting as the non-fiduciary agent of the Borrower solely for this
purpose (without limitation, in no event shall such Lender be a fiduciary of the Borrower for any purpose). No Lender shall have
any obligation to disclose all or any portion of a Participant Register to any Person (including the identity of any Participant
or any information relating to a Participant’s interest in any commitments, loans, or its other obligations under this Agreement)
except to the extent that such disclosure is necessary to establish that such commitment, loan, or other obligation is in registered
form under Section 5f.103(c) of the United States Treasury Regulations and, if different, under Section 871(h) or 881(c) of the
Code.

 

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(f)                
A Participant shall not be entitled to receive any greater payment under Section 3.01, 3.03 or 3.04
than the applicable Lender would have been entitled to receive with respect to the participation sold to such Participant.

 

(g)               
Any Lender may at any time pledge or assign a security interest in all or any portion of its rights under this Agreement
(including under its Note, if any) to secure obligations of such Lender, including any pledge or assignment to secure obligations
to a Federal Reserve Bank or other central bank; provided that no such pledge or assignment shall release such Lender from
any of its obligations hereunder or substitute any such pledgee or assignee for such Lender as a party hereto.

 

(h)               
Notwithstanding anything to the contrary contained herein, any Lender (a “Granting Lender”) may grant
to a special purpose funding vehicle identified as such in writing from time to time by the Granting Lender to the Administrative
Agent and the Borrower (an “SPC”) the option to provide all or any part of any Loan that such Granting Lender
would otherwise be obligated to make pursuant to this Agreement; provided that (i) nothing herein shall constitute a commitment
by any SPC to fund any Loan and (ii) if an SPC elects not to exercise such option or otherwise fails to make all or any part of
such Loan, the Granting Lender shall be obligated to make such Loan pursuant to the terms hereof. Each party hereto hereby agrees
that (i) an SPC shall be entitled to the benefit of Sections 3.01, 3.03 and 3.04, subject to the requirements
and limitations of such Sections (including Section 3.01(e) and (f) and Sections 3.05 and 3.06), to
the same extent as if such SPC were a Lender, but neither the grant to any SPC nor the exercise by any SPC of such option shall
increase the costs or expenses or otherwise increase or change the obligations of the Borrower under this Agreement (including
its obligations under Section 3.01, 3.03 or 3.04) except to the extent any entitlement to greater amounts
results from a Change in Law after the grant to the SPC occurred, (ii) no SPC shall be liable for any indemnity or similar payment
obligation under this Agreement for which a Lender would be liable and such liability shall remain with the Granting Lender, and
(iii) the Granting Lender shall for all purposes, including the approval of any amendment, waiver or other modification of any
provision of any Loan Document, remain the lender of record hereunder. The making of a Loan by an SPC hereunder shall utilize
the Bridge Commitment of the Granting Lender to the same extent, and as if, such Loan were made by such Granting Lender. Notwithstanding
anything to the contrary contained herein, any SPC may (i) with notice to, but without prior consent of the Borrower and the Administrative
Agent, assign all or any portion of its right to receive payment with respect to any Loan to the Granting Lender and (ii) disclose
on a confidential basis any non-public information relating to its funding of Loans to any rating agency, commercial paper dealer
or provider of any surety or Guarantee Obligation or credit or liquidity enhancement to such SPC.

 

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(i)                
Notwithstanding anything to the contrary contained herein, (1) any Lender may in accordance with applicable Law create
a security interest in all or any portion of the Loans owing to it and the Note, if any, held by it and (2) any Lender that is
a Fund may create a security interest in all or any portion of the Loans owing to it and the Note, if any, held by it to the trustee
for holders of obligations owed, or securities issued, by such Fund as security for such obligations or securities; provided
that unless and until such trustee actually becomes a Lender in compliance with the other provisions of this Section 10.07,
(i) no such pledge shall release the pledging Lender from any of its obligations under the Loan Documents and (ii) such trustee
shall not be entitled to exercise any of the rights of a Lender under the Loan Documents even though such trustee may have acquired
ownership rights with respect to the pledged interest through foreclosure or otherwise.

 

(j)                
No Agent-Related Person shall be responsible or have any liability for, or have any duty to ascertain, inquire into, monitor
or enforce, compliance with the provisions hereof relating to Disqualified Lenders; further, without limiting the generality of
the foregoing clause, no Agent-Related Person shall (x) be obligated to ascertain, monitor or inquire as to whether any Lender
or Participant or prospective Lender or Participant is a Disqualified Lender or (y) have any liability with respect to or arising
out of any assignment or participation of Loans, or disclosure of confidential information, to any Disqualified Lender.

 

(k)               
Notwithstanding anything to the contrary in this Section 10.07, for the avoidance of doubt, Goldman Sachs Bank USA
may assign any amount of its Bridge Commitments and Loans hereunder to Goldman Sachs Lending Partners LLC (or vice versa) without
the prior written consent of any other Person.

 

Section
10.08                 Confidentiality.
Each of the Agents and the Lenders agrees to maintain the confidentiality of the Information and to not use or disclose such information,
except that Information may be disclosed (a) to its Affiliates and its and its Affiliates’ partners, directors, officers,
employees, trustees, investment advisors, professionals and other experts or agents, including accountants, legal counsel, independent
auditors and other advisors (it being understood that the Persons to whom such disclosure is made will be informed of the confidential
nature of such Information and instructed to keep such Information confidential); (b) to the extent requested by any Governmental
Authority, to any pledgee referred to in Section 10.07(g); (c) to the extent required by applicable Laws or regulations
or by any subpoena or similar legal process; (d) to any other party to this Agreement; (e) subject to an agreement containing
provisions substantially the same as those of this Section 10.08 (or as may otherwise be reasonably acceptable to the Borrower),
to any pledgee referred to in Section 10.07(i), counterparty to a Swap Contract or Permitted Receivables Financing, Eligible
Assignee of or Participant in, or any prospective Eligible Assignee of or Participant in, any of its rights or obligations under
this Agreement; (f) with the written consent of the Borrower; (g) to the extent such Information becomes publicly available
other than as a result of a breach of this Section 10.08; (h) to any Governmental Authority or examiner regulating any
Lender; (i) to any rating agency when required by it (it being understood that, prior to any such disclosure, such rating agency
shall undertake to preserve the confidentiality of any Information relating to the Loan Parties received by it from such Lender);
(j) in connection with the exercise of any remedies hereunder or under any other Loan Document or any action or proceeding relating
to this Agreement or any other Loan Document or the enforcement of rights hereunder or thereunder; (k) to the extent that such
Information is received by such Lender or any of its Affiliates from a third party that is not, to such Lender’s knowledge,
subject to any contractual or fiduciary confidentiality obligations owing to the Borrower or any of its Affiliates; (l) to the
extent that such Information is independently developed by such Lender or any of its Affiliates; (m) to the extent consisting
of customary disclosure regarding portfolio holdings in any public filing by such Lender or (n) upon the request or demand of
any Governmental Authority or other regulatory authority having jurisdiction over the Agent or Lenders, as applicable, (in which
case the Agent or Lenders, as applicable, agree (except with respect to any audit or examination conducted by bank accountants
or any regulatory authority exercising examination or regulatory authority), to the extent practicable and not prohibited by applicable
law, rule or regulation, to inform the Borrower promptly thereof prior to disclosure). In addition, the Agents and the Lenders
may disclose the existence of this Agreement and information about this Agreement to market data collectors, similar service providers
to the lending industry, and service providers to the Agents and the Lenders in connection with the administration and management
of this Agreement, the other Loan Documents, the Bridge Commitments, and the Credit Extensions. For the purposes of this Section
10.08, “Information” means all information received from any Loan Party or its Affiliates or its Affiliates’
directors, managers, officers, employees, trustees, investment advisors or agents, relating to the Parent, the Borrower or any
of their Subsidiaries or their business, other than any such information that is available to any Agent or any Lender on a nonconfidential
basis and other than information pertaining to this Agreement routinely provided by arrangers to data service providers, including
league table providers, that serve the lending industry prior to disclosure by any Loan Party other than as a result of a breach
of this Section 10.08, including, without limitation, information delivered pursuant to Section 6.01, 6.02
or 6.03 hereof.

 

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Section
10.09                 Setoff.
In addition to any rights and remedies of the Lenders provided by Law, upon the occurrence and during the continuance of any Event
of Default, each Agent and its Affiliates and each Lender and its Affiliates is authorized at any time and from time to time,
without prior notice to the Borrower or any other Loan Party, any such notice being waived by the Borrower (on its own behalf
and on behalf of each Loan Party and its Subsidiaries) to the fullest extent permitted by applicable Law, to set off and apply
any and all deposits (general or special, time or demand, provisional or final) at any time held by, and other Indebtedness (in
any currency) at any time owing by, such Agent and its Affiliates and such Lender and its Affiliates, as the case may be, to or
for the credit or the account of the respective Loan Parties and their Subsidiaries against any and all Obligations owing to such
Agent and its Affiliates or such Lender and its Affiliates hereunder or under any other Loan Document, now or hereafter existing,
irrespective of whether or not such Agent, such Lender or such Affiliate shall have made demand under this Agreement or any other
Loan Document and although such Obligations may be contingent or unmatured or denominated in a currency different from that of
the applicable deposit or Indebtedness. Notwithstanding anything to the contrary contained herein, none of each Agent and its
Affiliates and each Lender and its Affiliates shall have a right to set off and apply any deposits held or other Indebtedness
owing by such Agent or its Affiliates and such Lender or its Affiliates, as the case may be, to or for the credit or the account
of any Subsidiary of a Loan Party that is a Foreign Subsidiary or a Foreign Holding Company. Each Lender agrees promptly to notify
the Borrower and the Administrative Agent after any such set off and application made by such Lender, as the case may be; provided
that the failure to give such notice shall not affect the validity of such setoff and application. The rights of each Agent
and each Lender under this Section 10.09 are in addition to other rights and remedies (including other rights of
setoff) that such Agent and such Lender may have.

 

Section
10.10                 Counterparts.
This Agreement and each other Loan Document may be executed in one or more counterparts, each of which shall be deemed an original,
but all of which together shall constitute one and the same instrument. Delivery by telecopier or other electronic transmission
of an executed counterpart of a signature page to this Agreement and each other Loan Document shall be effective as delivery of
an original executed counterpart of this Agreement and such other Loan Document. The Agents may also require that any such documents
and signatures delivered by telecopier or other electronic transmission be confirmed by a manually signed original thereof; provided
that the failure to request or deliver the same shall not limit the effectiveness of any document or signature delivered by
telecopier or other electronic transmission.

 

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Section
10.11                 Integration.
This Agreement, together with the other Loan Documents and the Fee Letter and Commitment Letter, comprises the complete and integrated
agreement of the parties on the subject matter hereof and thereof and supersedes all prior agreements, written or oral, on such
subject matter. In the event of any conflict between the provisions of this Agreement and those of any other Loan Document, the
provisions of this Agreement shall control; provided that the inclusion of supplemental rights or remedies in favor of
the Agents or the Lenders in any other Loan Document shall not be deemed a conflict with this Agreement. Each Loan Document was
drafted with the joint participation of the respective parties thereto and shall be construed neither against nor in favor of
any party, but rather in accordance with the fair meaning thereof.

 

Section
10.12                 Survival of Representations
and Warranties. All representations and warranties
made hereunder and in any other Loan Document or other document delivered pursuant hereto or thereto or in connection herewith
or therewith shall survive the execution and delivery hereof and thereof. Such representations and warranties have been or will
be relied upon by each Agent and each Lender, regardless of any investigation made by any Agent or any Lender or on their behalf
and notwithstanding that any Agent or any Lender may have had notice or knowledge of any Default at the time of any Credit Extension,
and shall continue in full force and effect as long as any Loan or any other Obligation hereunder shall remain unpaid. The provisions
of Sections 10.14 and 10.15 shall continue in full force and effect as long as any Loan or any
other Obligation hereunder shall remain unpaid or unsatisfied.

 

Section
10.13                 Severability.
If any provision of this Agreement or the other Loan Documents is held to be illegal, invalid or unenforceable, the legality,
validity and enforceability of the remaining provisions of this Agreement and the other Loan Documents shall not be affected or
impaired thereby. The invalidity of a provision in a particular jurisdiction shall not invalidate or render unenforceable such
provision in any other jurisdiction.

 

Section
10.14                 GOVERNING LAW,
JURISDICTION, SERVICE OF PROCESS.

 

(a)               
THIS AGREEMENT AND EACH OTHER LOAN DOCUMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE
OF NEW YORK (EXCEPT AS OTHERWISE EXPRESSLY PROVIDED THEREIN); PROVIDED, THAT (I) THE DETERMINATION OF WHETHER THE ACQUISITION
HAS BEEN CONSUMMATED IN ACCORDANCE WITH THE TERMS OF THE ACQUISITION AGREEMENT (II) WITH RESPECT TO THE ACQUISITION, THE INTERPRETATION
OF THE DEFINITION OF “MATERIAL ADVERSE EFFECT” (AS DEFINED IN THE ACQUISITION AGREEMENT) AND THE DETERMINATION OF
WHETHER A “MATERIAL ADVERSE EFFECT” (AS DEFINED IN THE ACQUISITION AGREEMENT) HAS OCCURRED AND (III) THE DETERMINATION
OF THE ACCURACY OF ANY SPECIFIED ACQUISITION AGREEMENT REPRESENTATION AND WHETHER AS A RESULT OF ANY INACCURACY THEREOF THE BORROWER
OR ITS APPLICABLE AFFILIATE HAS A RIGHT TO TERMINATE ITS OBLIGATIONS UNDER THE ACQUISITION AGREEMENT OR DECLINE TO CONSUMMATE
THE ACQUISITION AND, IN ANY CASE, ANY CLAIM OR DISPUTE ARISING OUT OF ANY SUCH INTERPRETATION OR DETERMINATION OR ANY ASPECT THEREOF,
SHALL IN EACH CASE BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF DELAWARE REGARDLESS OF THE LAWS
THAT MIGHT OTHERWISE GOVERN UNDER APPLICABLE PRINCIPLES OF CONFLICTS OF LAWS.

 

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(b)               
EXCEPT AS SET FORTH IN THE FOLLOWING PARAGRAPH, ANY LEGAL ACTION OR PROCEEDING ARISING UNDER ANY LOAN DOCUMENT OR IN ANY
WAY CONNECTED WITH OR RELATED OR INCIDENTAL TO THE DEALINGS OF THE PARTIES HERETO OR ANY OF THEM WITH RESPECT TO ANY LOAN DOCUMENT,
OR THE TRANSACTIONS RELATED THERETO, IN EACH CASE WHETHER NOW EXISTING OR HEREAFTER ARISING, SHALL BE BROUGHT IN THE COURTS OF
THE STATE OF NEW YORK SITTING IN THE BOROUGH OF MANHATTAN OR OF THE UNITED STATES FOR THE SOUTHERN DISTRICT OF SUCH STATE (PROVIDED
THAT IF NONE OF SUCH COURTS CAN AND WILL EXERCISE SUCH JURISDICTION, SUCH EXCLUSIVITY SHALL NOT APPLY), AND BY EXECUTION AND
DELIVERY OF THIS AGREEMENT, THE BORROWER, THE PARENT, EACH AGENT AND EACH LENDER CONSENTS, FOR ITSELF AND IN RESPECT OF ITS PROPERTY,
TO THE EXCLUSIVE JURISDICTION OF THOSE COURTS. THE BORROWER, THE PARENT, EACH AGENT AND EACH LENDER IRREVOCABLY WAIVES ANY OBJECTION,
INCLUDING ANY OBJECTION TO THE LAYING OF VENUE OR BASED ON THE GROUNDS OF FORUM NON CONVENIENS, WHICH IT MAY NOW OR HEREAFTER
HAVE TO THE BRINGING OF ANY ACTION OR PROCEEDING IN SUCH JURISDICTION IN RESPECT OF ANY LOAN DOCUMENT OR OTHER DOCUMENT RELATED
THERETO.

 

NOTHING IN THIS AGREEMENT
OR IN ANY OTHER LOAN DOCUMENT SHALL AFFECT ANY RIGHT THAT THE ADMINISTRATIVE AGENT, THE COLLATERAL AGENT OR ANY LENDER MAY
OTHERWISE HAVE TO BRING ANY ACTION OR PROCEEDING RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT AGAINST ANY LOAN
PARTY OR ITS PROPERTIES IN THE COURTS OF ANY JURISDICTION (I) FOR PURPOSES OF ENFORCING A JUDGMENT, (II) IN CONNECTION WITH EXERCISING
REMEDIES AGAINST THE COLLATERAL IN A JURISDICTION IN WHICH SUCH COLLATERAL IS LOCATED, (III) IN CONNECTION WITH ANY PENDING BANKRUPTCY,
INSOLVENCY OR SIMILAR PROCEEDING IN SUCH JURISDICTION OR (IV) TO THE EXTENT THE COURTS REFERRED TO IN THE PREVIOUS PARAGRAPH DO
NOT HAVE JURISDICTION OVER SUCH LEGAL ACTION OR PROCEEDING OR THE PARTIES OR PROPERTY SUBJECT THERETO.

 

Section
10.15                 WAIVER OF RIGHT
TO TRIAL BY JURY. EACH PARTY TO THIS AGREEMENT HEREBY
EXPRESSLY WAIVES TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW ANY RIGHT TO TRIAL BY JURY OF ANY CLAIM, DEMAND, ACTION OR
CAUSE OF ACTION ARISING UNDER ANY LOAN DOCUMENT OR IN ANY WAY CONNECTED WITH OR RELATED OR INCIDENTAL TO THE DEALINGS OF THE PARTIES
HERETO OR ANY OF THEM WITH RESPECT TO ANY LOAN DOCUMENT, OR THE TRANSACTIONS RELATED THERETO, IN EACH CASE WHETHER NOW EXISTING
OR HEREAFTER ARISING, AND WHETHER FOUNDED IN CONTRACT OR TORT OR OTHERWISE; AND EACH PARTY HEREBY AGREES AND CONSENTS THAT ANY
SUCH CLAIM, DEMAND, ACTION OR CAUSE OF ACTION SHALL BE DECIDED BY COURT TRIAL WITHOUT A JURY, AND THAT ANY PARTY TO THIS AGREEMENT
MAY FILE AN ORIGINAL COUNTERPART OR A COPY OF THIS SECTION 10.15 WITH ANY COURT AS WRITTEN EVIDENCE OF THE CONSENT
OF THE SIGNATORIES HERETO TO THE WAIVER OF THEIR RIGHT TO TRIAL BY JURY.

 

Section
10.16                 Binding Effect.
This Agreement shall become effective when it shall have been executed by each of the Borrower and the Parent and the Administrative
Agent shall have been notified by each Lender that each such Lender has executed it and thereafter shall be binding upon and inure
to the benefit of the Borrower, the Parent, each Agent and each Lender and their respective successors and assigns, except that
the Borrower and the Parent shall not have the right to assign their rights hereunder or any interest herein without the prior
written consent of the Lenders except as permitted by Section 7.04.

 

    -136-

     

    

 

Section
10.17                 Judgment Currency.
If, for the purposes of obtaining judgment in any court, it is necessary to convert a sum due hereunder or any other Loan Document
in one currency into another currency, the rate of exchange used shall be that at which in accordance with normal banking procedures
the Administrative Agent could purchase the first currency with such other currency on the Business Day preceding that on which
final judgment is given. The obligation of the Borrower in respect of any such sum due from it to the Administrative Agent or
the Lenders hereunder or under the other Loan Documents shall, notwithstanding any judgment in a currency (the “Judgment
Currency”) other than that in which such sum is denominated in accordance with the applicable provisions of this Agreement
(the “Agreement Currency”), be discharged only to the extent that on the Business Day following receipt by
the Administrative Agent of any sum adjudged to be so due in the Judgment Currency, the Administrative Agent may in accordance
with normal banking procedures purchase the Agreement Currency with the Judgment Currency. If the amount of the Agreement Currency
so purchased is less than the sum originally due to the Administrative Agent from the Borrower in the Agreement Currency, the
Borrower agrees, as a separate obligation and notwithstanding any such judgment, to indemnify the Administrative Agent or the
Person to whom such obligation was owing against such loss. If the amount of the Agreement Currency so purchased is greater than
the sum originally due to the Administrative Agent in such currency, the Administrative Agent agrees to return the amount of any
excess to the Borrower (or to any other Person who may be entitled thereto under applicable Law). 

 

Section
10.18                 Lender Action.
Each Lender agrees that it shall not take or institute any actions or proceedings, judicial or otherwise, for any right or remedy
against any Loan Party or any other obligor under any of the Loan Documents (including the exercise of any right of setoff, rights
on account of any banker’s lien or similar claim or other rights of self-help), or institute any actions or proceedings,
or otherwise commence any remedial procedures, with respect to any Collateral or any other property of any such Loan Party, without
the prior written consent of the Administrative Agent. The provisions of this Section 10.18 are for the sole benefit
of the Lenders and shall not afford any right to, or constitute a defense available to, any Loan Party.

 

Section
10.19                 Know-Your-Customer,
Etc. Each Lender shall, promptly following a request
by the Administrative Agent, provide all documentation and other information that the Administrative Agent reasonably requests
in order to comply with its ongoing obligations under applicable “know your customer” and anti-money laundering rules
and regulations, including the USA PATRIOT Act and the Beneficial Ownership Regulation. 

 

Section
10.20                 USA PATRIOT Act.
Each Lender hereby notifies the Borrower that, pursuant to the requirements of the USA PATRIOT Act, it is required to obtain,
verify and record information that identifies the Borrower and the Guarantors, which information includes the name and address
of the Borrower and the Guarantors and other information that will allow such Lender to identify the Borrower and the Guarantors
in accordance with the USA PATRIOT Act. 

 

Section
10.21                 Applicable Intercreditor
Agreements. 

 

(a)               
Notwithstanding anything to the contrary in this Agreement or in any other Loan Document: (i) the Liens granted to the
Collateral Agent in favor of the Secured Parties pursuant to the Loan Documents and the exercise of any right related to any Collateral
shall be subject, in each case, to the terms the ABL Intercreditor Agreement, Pari Passu Intercreditor Agreement or any other
Applicable Intercreditor Agreement, (ii) in the event of any conflict between the express terms and provisions of this Agreement
or any other Loan Document, on the one hand, and the ABL Intercreditor Agreement, Pari Passu Intercreditor Agreement or any other
Applicable Intercreditor Agreement, on the other hand, the terms and provisions of the ABL Intercreditor Agreement, Pari Passu
Intercreditor Agreement or any other Applicable Intercreditor Agreement, as the case may be, shall control, and (iii) each Lender
(and, by its acceptance of the benefits of any Collateral Document, each other Secured Party) hereunder authorizes and instructs
the Administrative Agent and Collateral Agent to execute the ABL Intercreditor Agreement, Pari Passu Intercreditor Agreement or
any other Applicable Intercreditor Agreement on behalf of such Lender, and such Lender agrees to be bound by the terms thereof.

 

    -137-

     

    

 

(b)               
Each Lender (and, by its acceptance of the benefits of any Collateral Document, each other Secured Party) hereunder authorizes
and instructs the Collateral Agent, as Collateral Agent and on behalf of such Lender or other Secured Party, to enter into one
or more intercreditor agreements from time to time and agrees that it will be bound by and will take no actions contrary to the
provisions thereof.

 

Section
10.22                 Obligations Absolute.
To the fullest extent permitted by applicable Law, all obligations of the Loan Parties hereunder shall be absolute and unconditional
irrespective of:

 

(a)               
any bankruptcy, insolvency, reorganization, arrangement, readjustment, composition, liquidation or the like of any Loan
Party;

 

(b)               
any lack of validity or enforceability of any Loan Document or any other agreement or instrument relating thereto against
any Loan Party;

 

(c)               
any change in the time, manner or place of payment of, or in any other term of, all or any of the Obligations, or any other
amendment or waiver of or any consent to any departure from any Loan Document or any other agreement or instrument relating thereto;

 

(d)               
any exchange, release or non-perfection of any other Collateral, or any release or amendment or waiver of or consent to
any departure from any guarantee, for all or any of the Obligations;

 

(e)               
any exercise or non-exercise, or any waiver of any right, remedy, power or privilege under or in respect hereof or any
Loan Document; or

 

(f)                
any other circumstances which might otherwise constitute a defense available to, or a discharge of, the Loan Parties.

 

Section
10.23                 No Advisory or
Fiduciary Responsibility. In connection with all
aspects of each transaction contemplated hereby (including in connection with any amendment, waiver or other modification hereof
or of any other Loan Document), each of the Borrower and the Parent acknowledges and agrees, and acknowledges their Affiliates’
understanding, that: (i) (A) the arranging and other services regarding this Agreement provided by the Administrative Agent and
the Lead Arrangers are arm’s-length commercial transactions between the Borrower, the Parent and their respective
Affiliates, on the one hand, and the Administrative Agent and the Lead Arrangers, on the other hand, (B) each of the Borrower
and the Parent has consulted its own legal, accounting, regulatory and tax advisors to the extent it has deemed appropriate, and
(C) each of the Borrower and the Parent is capable of evaluating, and understands and accepts, the terms, risks and conditions
of the transactions contemplated hereby and by the other Loan Documents; (ii) (A) the Administrative Agent, each Lender and each
Lead Arranger each is and has been acting solely as a principal and, except as expressly agreed in writing by the relevant parties,
has not been, is not, and will not be acting as an advisor, agent or fiduciary for the Borrower, the Parent or any of their respective
Affiliates, or any other Person and (B) neither the Administrative Agent, nor any Lender or Lead Arranger has any obligation to
the Borrower, the Parent or any of their respective Affiliates with respect to the transactions contemplated hereby except those
obligations expressly set forth herein and in the other Loan Documents; and (iii) the Administrative Agent, each Lender and each
Lead Arranger and their respective Affiliates may be engaged in a broad range of transactions that involve interests that differ
from those of the Borrower, the Parent and their respective Affiliates, and neither the Administrative Agent nor any Lead Arranger
has any obligation to disclose any of such interests to the Borrower, the Parent or any of their respective Affiliates. To the
fullest extent permitted by law, each of the Borrower and the Parent hereby waives and releases any claims that it may have against
the Administrative Agent, each Lender and each Lead Arranger with respect to any breach or alleged breach of agency or fiduciary
duty in connection with any aspect of any transaction contemplated hereby.

 

    -138-

     

    

 

Section
10.24                 Electronic Execution
of Assignments and Certain Other Documents. The words “execution,” “execute”, “signed,”
 “signature,” and words of like import in or related to any document to be signed in connection with this Agreement
and the transactions contemplated hereby (including without limitation Assignment and Assumptions, amendments or other modifications,
Committed Loan Notices, waivers and consents) shall be deemed to include electronic signatures, the electronic matching of assignment
terms and contract formations on electronic platforms approved by the Administrative Agent, or the keeping of records in electronic
form, each of which shall be of the same legal effect, validity or enforceability as a manually executed signature or the use
of a paper-based recordkeeping system, as the case may be, to the extent and as provided for in any applicable law, including
the Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures and Records Act,
or any other similar state laws based on the Uniform Electronic Transactions Act; provided that notwithstanding anything contained
herein to the contrary the Administrative Agent is under no obligation to agree to accept electronic signatures in any form or
in any format unless expressly agreed to by the Administrative Agent pursuant to procedures approved by it.

 

Section
10.25                 Acknowledgement
and Consent to Bail-In of Affected Financial Institutions.
Notwithstanding anything to the contrary in any Loan Document or in any other agreement, arrangement or understanding among any
such parties, each party hereto acknowledges that any liability of any Lender that is an Affected Financial Institution arising
under any Loan Document, to the extent such liability is unsecured, may be subject to the write-down and conversion powers of
the applicable Resolution Authority and agrees and consents to, and acknowledges and agrees to be bound by:

 

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

 

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

 

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

 

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

 

(iii)            
the variation of the terms of such liability in connection with the exercise of the write-down and conversion powers of
any the applicable Resolution Authority.

 

Section
10.26                 Lender Representation.
(a) Each Lender (x) represents and warrants, as of the date such Person became a Lender party hereto, to, and (y) covenants, from
the date such Person became a Lender party hereto to the date such Person ceases being a Lender party hereto, for the benefit
of, the Administrative Agent, and each Lead Arranger and their respective Affiliates, and not, for the avoidance of doubt, to
or for the benefit of the Borrower or any other Loan Party, that at least one of the following is and will be true: 

 

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

 

    -139-

     

    

 

(ii) the transaction exemption
set forth in one or more PTEs, such as PTE 84-14 (a class exemption for certain transactions determined by independent qualified
professional asset managers), PTE 95-60 (a class exemption for certain transactions involving insurance company general accounts),
PTE 90-1 (a class exemption for certain transactions involving insurance company pooled separate accounts), PTE 91-38 (a class
exemption for certain transactions involving bank collective investment funds) or PTE 96-23 (a class exemption for certain transactions
determined by in-house asset managers), is applicable with respect to such Lender’s entrance into, participation in, administration
of and performance of the Loans, the Bridge Commitments and this Agreement,

 

(iii)
(A) such Lender is an investment fund managed by a “Qualified Professional Asset Manager” (within the meaning of Part
VI of PTE 84-14), (B) such Qualified Professional Asset Manager made the investment decision on behalf of such Lender to enter
into, participate in, administer and perform the Loans, the Bridge Commitments and this Agreement, (C) the entrance into, participation
in, administration of and performance of the Loans, the Bridge Commitments and this Agreement satisfies the requirements
of sub-sections (b) through (g) of Part I of PTE 84-14 and (D) to the best knowledge of such Lender, the requirements of subsection
(a) of Part I of PTE 84-14 are satisfied with respect to such Lender’s entrance into, participation in, administration
of and performance of the Loans, the Bridge Commitments and this Agreement, or

 

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

 

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

 

Section
10.27                 Acknowledgement
Regarding Any Supported QFCs. To the extent that
the Loan Documents provide support, through a guarantee or otherwise, for any Swap Contract or any other agreement or instrument
that is a QFC (such support, “QFC Credit Support”, and each such QFC, a “Supported QFC”),
the parties acknowledge and agree as follows with respect to the resolution power of the Federal Deposit Insurance Corporation
under the Federal Deposit Insurance Act and Title II of the Dodd-Frank Wall Street Reform and Consumer Protection Act (together
with the regulations promulgated thereunder, the “U.S. Special Resolution Regimes”) in respect of such Supported
QFC and QFC Credit Support (with the provisions below applicable notwithstanding that the Loan Documents and any Supported QFC
may in fact be stated to be governed by the laws of the State of New York and/or of the United States or any other state of the
United States): 

 

    -140-

     

    

 

(a)               
In the event a Covered Entity that is party to a Supported QFC (each, a “Covered Party”) becomes subject
to a proceeding under a U.S. Special Resolution Regime, the transfer of such Supported QFC and the benefit of such QFC Credit
Support (and any interest and obligation in or under such Supported QFC and such QFC Credit Support, and any rights in property
securing such Supported QFC or such QFC Credit Support) from such Covered Party will be effective to the same extent as the transfer
would be effective under the U.S. Special Resolution Regime if the Supported QFC and such QFC Credit Support (and any such interest,
obligation and rights in property) were governed by the laws of the United States or a state of the United States. In the event
a Covered Party or a BHC Act Affiliate of a Covered Party becomes subject to a proceeding under a U.S. Special Resolution Regime,
Default Rights under the Loan Documents that might otherwise apply to such Supported QFC or any QFC Credit Support that may be
exercised against such Covered Party are permitted to be exercised to no greater extent than such Default Rights could be exercised
under the U.S. Special Resolution Regime if the Supported QFC and the Loan Documents were governed by the laws of the United States
or a state of the United States. Without limitation of the foregoing, it is understood and agreed that rights and remedies of
the parties with respect to a Defaulting Lender shall in no event affect the rights of any Covered Party with respect to a Supported
QFC or any QFC Credit Support.

 

(b)               
As used in this Section 10.27, the following terms have the following meanings:

 

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

 

“Covered
Entity” means any of the following: (i) a “covered entity” as that term is defined in, and interpreted in
accordance with, 12 C.F.R. § 252.82(b); (ii) a “covered bank” as that term is defined in, and interpreted
in accordance with, 12 C.F.R. § 47.3(b); or (iii) a “covered FSI” as that term is defined in, and interpreted
in accordance with, 12 C.F.R. § 382.2(b).

 

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

 

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

 

[THE REMAINDER OF
THIS PAGE IS INTENTIONALLY LEFT BLANK.]

 

    -141-

     

    

 

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

 

	 	UTZ QUALITY FOODS, LLC, a Delaware limited liability company
	 	as the Borrower
	 	 
	 	By:	/s/ Dylan B. Lissette
	 	 	Name: Dylan B. Lissette
	 	 	Title: Chief Executive Officer
	 	 
	 	UTZ BRANDS HOLDINGS, LLC (f/k/a UM-U Intermediate, LLC),
    a Delaware limited liability company as the Parent
	 	 
	 	By:  	/s/ Dylan B. Lissette
	 	 	Name: Dylan B. Lissette
	 	 	Title: Chief Executive Officer

 

[Signature Page to
Bridge Credit Agreement]

 

     

     

    

 

	 	BANK OF AMERICA, N.A.,
	 	as Administrative Agent and Collateral
    Agent
	 	 
	 	By:  	/s/ Lisa Berishaj
	 	 	Name: Lisa Berishaj
	 	 	Title: Assistant Vice President

 

[Signature Page to
Bridge Credit Agreement]

 

     

     

    

 

	 	BANK OF AMERICA, N.A.,
	 	as a Lender
	 	 
	 	By:  	/s/ Aashish Dhakad
	 	 	Name: Aashish Dhakad
	 	 	Title: Managing Director

 

[Signature Page to
Bridge Credit Agreement]

 

     

     

    

 

	 	GOLDMAN SACHS BANK USA,
	 	as a Lender
	 	 
	 	By:  	/s/ Thomas Manning
	 	 	Name: Thomas Manning
	 	 	Title: Authorized Signatory

 

[Signature Page to
Bridge Credit Agreement]

 

     

     

    

 

	 	CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH,
	 	as a Lender
	 	 
	 	By:  	/s/ Mikhail Faybusovich
	 	 	Name: Mikhail Faybusovich
	 	 	Title: Authorized Signatory
	 	 
	 	 
	 	By:	/s/ Andrew Griffin
	 	 	Name: Andrew Griffin
	 	 	Title: Authorized Signatory

 

[Signature Page to
Bridge Credit Agreement]Exhibit 10.2

 

 

BRIDGE SECURITY AGREEMENT

 

dated as of

 

December 14, 2020

 

among

 

UTZ
QUALITY FOODS, LLC

as the Borrower,

 

UTZ BRANDS HOLDINGS, LLC,

as the Parent

 

CERTAIN SUBSIDIARIES OF the
PARENT,

collectively, as the Initial Grantors,

 

and

 

bank of america, n.a.,

as Bridge Collateral Agent

 

 

     

     

    

 

TABLE
OF CONTENTS

 

	 	 	PAGE
	ARTICLE I
	 
	Definitions  
	SECTION 1.01	Credit Agreement	1
	SECTION 1.02	Other Defined Terms	1
	ARTICLE II  
	 
	Pledge of Securities  
	SECTION 2.01	Pledge	4
	SECTION 2.02	Delivery of the Pledged Collateral	4
	SECTION 2.03	Representations, Warranties and Covenants	5
	SECTION 2.04	Certification of Limited Liability Company and Limited Partnership Interests	6
	SECTION 2.05	Registration in Nominee Name; Denominations	7
	SECTION 2.06	Voting Rights; Dividends and Interest	7
	SECTION 2.07	Uncertificated Securities	9
	ARTICLE III  
	 
	Security Interests in Personal Property  
	SECTION 3.01	Security Interest	9
	SECTION 3.02	Representations and Warranties	10
	SECTION 3.03	Covenants	12
	SECTION 3.04	Other Actions	15
	ARTICLE IV  
	 
	Remedies  
	SECTION 4.01	Remedies upon Default	16
	SECTION 4.02	Application of Proceeds	17
	SECTION 4.03	Grant of Intellectual Property License	18
	ARTICLE V  
	 
	Miscellaneous  
	SECTION 5.01	Notices	19
	SECTION 5.02	Waivers; Amendment	19
	SECTION 5.03	Bridge Collateral Agent’s Fees and Expenses; Indemnification	19
	SECTION 5.04	Successors and Assigns	19
	SECTION 5.05	Survival of Agreement	20
	SECTION 5.06	Counterparts; Effectiveness; Several Agreement	20

 

    -i-

     

    

 

	SECTION 5.07	Severability	20
	SECTION 5.08	Right of Set-Off	21
	SECTION 5.09	Governing Law; Jurisdiction	21
	SECTION 5.10	WAIVER OF JURY TRIAL	22
	SECTION 5.11	Headings	22
	SECTION 5.12	Security Interest Absolute	22
	SECTION 5.13	Termination or Release	22
	SECTION 5.14	Additional Grantors	22
	SECTION 5.15	Bridge Collateral Agent Appointed Attorney-in-Fact	23
	SECTION 5.16	General Authority of the Bridge Collateral Agent	23
	SECTION 5.17	ABL Intercreditor Agreement	24
	SECTION 5.18	Pari Passu Intercreditor Agreement	24

 

Schedules

 

SCHEDULE
I                Pledged Equity; Pledged
Debt

SCHEDULE
II               Perfection Certificate

SCHEDULE
III              Intellectual Property

 

Exhibits

 

EXHIBIT
I                     Form of Security Agreement Supplement

EXHIBIT
II                   Form of Short Form Intellectual Property Security Agreement

EXHIBIT
III                  Form of Security
Agreement Supplement for Intellectual Property

 

    -ii-

     

    

 

BRIDGE SECURITY AGREEMENT

 

BRIDGE SECURITY AGREEMENT
dated as of December 14, 2020, among UTZ QUALITY FOODS, LLC, a Delaware limited liability company (the “Borrower”),
UTZ BRANDS HOLDINGS, LLC, a Delaware limited liability company (the “Parent”), certain subsidiaries of the Parent
listed on the signature pages hereto (collectively with the Borrower and Parent, the “Initial Grantors”), certain
other subsidiaries of the Parent from time to time party hereto and bank of america, n.a.
(“Bank of America”), as collateral agent for the Secured Parties (in such capacity and together with its successors
and assigns, the “Bridge Collateral Agent”).

 

Reference is made to
that certain Bridge Credit Agreement dated as of the date hereof (as amended, restated, amended and restated, extended, replaced,
refinanced, supplemented or otherwise modified from time to time, the “Credit Agreement”), among the Borrower,
the Parent and Bank of America, as administrative agent (in such capacity, and together with its successors and permitted assigns,
the “Administrative Agent”), and as Bridge Collateral Agent, each Lender from time to time party thereto (collectively,
the “Lenders” and individually, a “Lender”) and the other parties from time to time party
thereto. The Lenders have agreed to extend credit to the Borrower, subject to the terms and conditions set forth in the Credit
Agreement. The obligations of the Lenders to extend such credit are conditioned upon, among other things, the execution and delivery
of this Agreement. The Parent and each other Grantor are Affiliates of the Borrower, will derive substantial benefits from the
extension of credit to the Borrower pursuant to the Credit Agreement and are willing to execute and deliver this Agreement in order
to induce the Lenders to extend such credit. The ABL Intercreditor Agreement governs the relative rights and priorities of the
Secured Parties and the “Secured Parties” under the ABL Credit Agreement in respect of the Term Priority Collateral
(as defined in the ABL Intercreditor Agreement) and the ABL Priority Collateral (as defined in the ABL Intercreditor Agreement,
the “ABL Priority Collateral”) (and with respect to certain other matters as described therein). The Pari Passu
Intercreditor Agreement governs the relative rights and priorities of the Secured Parties and the “Secured Parties”
under the First Lien Credit Agreement (and with respect to certain other matters as described therein).

 

Accordingly, the parties
hereto agree as follows:

 

ARTICLE I

 

Definitions

 

SECTION 1.01         
Credit Agreement.

 

(a)               
Capitalized terms used in this Agreement and not otherwise defined herein have the meanings specified in the Credit Agreement.
All capitalized terms defined in the New York UCC (as defined herein) and not defined in this Agreement have the meanings specified
therein; the term “instrument” shall have the meaning specified in Article 9 of the New York UCC.

 

(b)               
The rules of construction specified in Article I of the Credit Agreement also apply to this Agreement.

 

SECTION 1.02         
Other Defined Terms. As used in this Agreement, the following terms have the meanings specified below:

 

“Account Debtor”
means any Person who is or who may become obligated to any Grantor under, with respect to or on account of an Account.

 

     

     

    

 

“Accounts”
has the meaning specified in Article 9 of the New York UCC.

 

“Administrative
Agent” has the meaning assigned to such term in the preliminary statement of this Agreement.

 

“After-Acquired
Intellectual Property” has the meaning assigned to such term in Section 3.03(h)(v).

 

“Agreement”
means this Bridge Security Agreement.

 

“Article 9
Collateral” has the meaning assigned to such term in Section 3.01(a).

 

“Bank of America”
has the meaning assigned to such term in the preliminary statement of this Agreement.

 

“Borrower”
has the meaning assigned to such term in the preliminary statements of this Agreement.

 

“Bridge Collateral”
means the Article 9 Collateral and the Pledged Collateral.

 

“Bridge Collateral
Agent” has the meaning assigned to such term in the preliminary statement of this Agreement.

 

“Copyrights”
means all of the following: (a) all copyright rights in any work subject to the copyright laws of the United States or any other
country, whether as author, assignee, transferee or otherwise, and (b) all registrations and applications for registration of any
such copyright in the United States or any other country, including registrations in the United States Copyright Office, including
those listed on Schedule III.

 

“Credit Agreement”
has the meaning assigned to such term in the preliminary statement of this Agreement.

 

“Discharge of ABL Obligations”
shall mean the “Discharge of Senior Secured Debt Obligations” as defined in the ABL Intercreditor Agreement.

 

“General Intangibles”
has the meaning specified in Article 9 of the New York UCC and includes corporate or other business records, indemnification
claims, contract rights (including rights under leases, whether entered into as lessor or lessee, Swap Contracts, licenses, whether
entered into as licensor or licensee and other agreements), goodwill, registrations, franchises, tax refund claims and any letter
of credit, guarantee, claim, security interest or other security held by or granted to any Grantor, as the case may be, to secure
payment by an Account Debtor of any of the Accounts.

 

“Grantor”
means, collectively, the Initial Grantors and any Person that executes and delivers a Security Agreement Supplement pursuant to
Section 5.14.

 

“Initial Grantors”
has the meaning assigned to such term in the preliminary statement of this Agreement.

 

“Intellectual
Property” means any and all intellectual property or similar proprietary rights arising under applicable Law,
whether owned or licensed, including any and all (i) Patents, Copyrights, Trademarks, trade secrets, proprietary technical
and business information, know-how, show- how and any other proprietary data or information, the intellectual property rights
in software, databases and related documentation and all improvements to any of the foregoing, (ii) income, fees, royalties,
damages, claims and payments now and hereafter due and/or payable with respect to any of the foregoing, and (iii) rights to
sue for past, present and future infringement, misappropriation or other violations of any of the foregoing.

 

    -2-

     

    

 

“Licenses”
means any and all (i) written agreements granting to any third party any license or similar right under any Patent, Trademark,
Copyright, trade secret or other intellectual property right now or hereafter owned by any Grantor, or under which any Grantor
obtains any right under any Patent, Trademark, Copyright, trade secret or other intellectual property right now or hereafter owned
by any third party, (ii) income, fees, royalties, damages, claims and payments now or hereafter due or payable with respect to
the foregoing, and (iii) rights to sue for past, present and future breaches of the foregoing.

 

“New York UCC”
means the Uniform Commercial Code as from time to time in effect in the State of New York.

 

“Patents”
means all of the following: (a) all patents of the United States or the equivalent thereof in any other country, all registrations
thereof, and all applications for patents of the United States or the equivalent thereof in any other country, including registrations
and pending applications in the United States Patent and Trademark Office or any similar offices in any other country, including
those listed on Schedule III and (b) all reissues, continuations, divisionals, continuations-in-part, or extensions thereof,
and the inventions disclosed or claimed therein.

 

“Perfection
Certificate” means the schedules and attachments substantially in the form of Schedule II, completed and
supplemented as contemplated thereby and hereby.

 

“Pledged Collateral”
has the meaning assigned to such term in Section 2.01.

 

“Pledged Debt”
has the meaning assigned to such term in Section 2.01.

 

“Pledged Equity”
has the meaning assigned to such term in Section 2.01.

 

“Pledged Securities”
means any promissory notes, stock certificates or other securities now or hereafter included in the Pledged Collateral, including
all certificates, instruments or other documents representing or evidencing any Pledged Collateral.

 

“Security Agreement
Supplement” means an instrument in the form of Exhibit I hereto.

 

“Security Agreement
Supplement for Intellectual Property” means an instrument in the form of Exhibit III hereto.

 

“Security Interest”
has the meaning assigned to such term in Section 3.01(a).

 

“Term Loan Collateral Agent”
means the “Collateral Agent” under the First Lien Credit Agreement.

 

“Termination
Date” means the date on which all Obligations (other than contingent indemnification obligations and other contingent
obligations not yet accrued and payable) have been paid in full and all Bridge Commitments have terminated or expired.

 

    -3-

     

    

 

“Trademarks”
means all of the following: (a) all trademarks, service marks, trade names, domain names, corporate names, company names, business
names, fictitious business names, trade dress, logos, other source or business identifiers, and all registrations and applications
filed in connection therewith, including registrations and applications for registration in the United States Patent and Trademark
Office or any similar offices in any other country, and all renewals thereof, including those listed on Schedule III, and
(b) all goodwill associated therewith or symbolized thereby.

 

ARTICLE II

 

Pledge
of Securities

 

SECTION 2.01         
Pledge. As security for the payment or performance, as the case may be, in full of the Obligations, including the
Guaranty, each Grantor hereby pledges to the Bridge Collateral Agent, its successors and assigns, for the benefit of the Secured
Parties, and hereby grants to the Bridge Collateral Agent, its successors and assigns, for the benefit of the Secured Parties,
a security interest in, all of such Grantor’s right, title and interest in, to and under and whether now or hereafter existing
or arising (i) all Equity Interests held by it on the Closing Date in the Borrower and any Wholly-Owned Restricted Subsidiary
including, without limitation, the Equity Interests listed on Schedule I and any other Equity Interests in any Wholly-Owned
Restricted Subsidiary obtained in the future by such Grantor and the certificates (if any) representing all such Equity Interests
(collectively, the “Pledged Equity”); provided that the Pledged Equity shall not include any Excluded
Equity; (ii) (A) the debt securities owned by it on the Closing Date including, without limitation, the debt securities
listed opposite the name of such Grantor on Schedule I, (B) any debt securities obtained in the future by such
Grantor and (C) the promissory notes and any other instruments evidencing such debt securities (the debt securities referred
to in clauses (A), (B) and (C) of this clause (ii) are collectively referred to as the “Pledged Debt”);
(iii) subject to Section 2.06, all payments of principal or interest, dividends, cash, instruments and other property
from time to time received, receivable or otherwise distributed in respect of, in exchange for or upon the conversion of, and all
other Proceeds received in respect of, the securities referred to in clauses (i) and (ii) above; (iv) subject to Section 2.06,
all rights and privileges of such Grantor with respect to the securities and other property referred to in clauses (i), (ii)
and (iii) above; and (v) all Proceeds of any of the foregoing (the items referred to in clauses (i) through (v) above
being collectively referred to as the “Pledged Collateral”); provided that in no event shall the Pledged
Collateral include any Excluded Property.

 

TO HAVE AND TO HOLD the
Pledged Collateral, together with all right, title, interest, powers, privileges and preferences pertaining or incidental thereto,
unto the Bridge Collateral Agent, its successors and assigns, for the benefit of the Secured Parties, forever, subject, however,
to the terms, covenants and conditions hereinafter set forth.

 

SECTION 2.02         
Delivery of the Pledged Collateral.

 

(a)               
Each Grantor agrees promptly (and in any event (i) with respect to Pledged Securities owned on the Closing Date, within
the time period set forth on Schedule I and (ii) with respect to Pledged Securities acquired after the Closing Date,
within 45 days (as such date may be extended by the Bridge Collateral Agent in its sole discretion) of receipt thereof) to deliver
or cause to be delivered to the Bridge Collateral Agent (or the Term Loan Collateral Agent in accordance with the Pari Passu Intercreditor
Agreement), for the benefit of the Secured Parties, any and all Pledged Securities (other than any uncertificated securities, but
only for so long as such securities remain uncertificated); provided that, in the case of promissory notes or other instruments
evidencing Indebtedness, such Pledged Securities shall be required to be delivered only to the extent required pursuant to paragraph (b) of
this Section 2.02.

 

    -4-

     

    

 

(b)               
 Each Grantor will cause (i) any Indebtedness for borrowed money (other than intercompany loans referred to in clause (ii)
below) having an aggregate principal amount in excess of $7,500,000 individually owed to such Grantor by any Person and (ii) any
intercompany loans owed to such Grantor, in each case to be evidenced by a duly executed promissory note (or pursuant to a global
note) that is pledged and delivered to the Bridge Collateral Agent, for the benefit of the Secured Parties, pursuant to the terms
hereof; provided, that (x) any intercompany loan with a stated principal amount that is equal to or less than $3,000,000
shall not be required to be evidenced by a promissory note and pledged and delivered to the Bridge Collateral Agent and (y) no
intercompany loan with a stated principal amount that is greater than $3,000,000 shall be required to be evidenced by a promissory
note and pledged and delivered to the Bridge Collateral Agent where the stated principal amount of such intercompany loan, together
with the stated principal amount of all other intercompany loans with a stated principal amount that is greater than $3,000,000
not evidenced by a promissory note and not delivered to the Bridge Collateral Agent (or the Term Loan Collateral Agent in accordance
with the Pari Passu Intercreditor Agreement), is less than or equal to $7,500,000 in the aggregate for all Grantors.

 

(c)               
Upon delivery to the Bridge Collateral Agent (or the Term Loan Collateral Agent in accordance with the Pari Passu Intercreditor
Agreement), (i) any Pledged Securities shall be accompanied by stock powers or note powers, as applicable, duly executed in
blank or other instruments of transfer reasonably satisfactory to the Bridge Collateral Agent and by such other instruments and
documents as the Bridge Collateral Agent may reasonably request and (ii) all other property comprising part of the Pledged
Collateral shall be accompanied by proper instruments of assignment duly executed by the applicable Grantor and such other instruments
or documents as the Bridge Collateral Agent may reasonably request. Each delivery of Pledged Securities shall be accompanied by
a schedule describing the securities, which schedule shall be attached hereto as Schedule I and made a part hereof;
provided that failure to attach any such schedule hereto shall not affect the validity of such pledge of such Pledged Securities.
Each schedule so delivered shall supplement or otherwise modify, as applicable, any prior schedules so delivered.

 

SECTION 2.03         
Representations, Warranties and Covenants. Each Grantor represents, warrants and covenants to and with the Bridge
Collateral Agent, for the benefit of the Secured Parties, that:

 

(a)                 as
of the date hereof, Schedule I correctly sets forth the percentage of the issued and outstanding units or shares (as
applicable) of each class of the Equity Interests of the issuer thereof represented by the Pledged Equity and includes all Equity
Interests, debt securities and promissory notes required to be pledged hereunder in order to satisfy the Collateral and Guarantee
Requirement;

 

(b)                each
Grantor has good and valid rights in and title to the Pledged Collateral with respect to which it has purported to grant a Security
Interest hereunder and has full power and authority to grant to the Bridge Collateral Agent the Security Interest in such Pledged
Collateral pursuant hereto and to execute, deliver and perform its obligations in accordance with the terms of this Agreement,
without the consent or approval of any other Person, except for (i) consents and approvals which have been obtained and are in
full force and effect and (ii) consents and approvals the failure of which to obtain could not, individually or in the aggregate,
reasonably be expected to have a Material Adverse Effect;

 

(c)                the
Pledged Equity and Pledged Debt (solely with respect to Pledged Debt issued by a Person other than a Grantor or a Subsidiary
of the Grantors, to the best of the Grantors’ knowledge) have been duly and validly authorized and issued by the
issuers thereof and (i) in the case of Pledged Equity, are fully paid and, in the case of Pledged Equity representing
corporate interests, nonassessable and (ii) in the case of Pledged Debt (solely with respect to Pledged Debt issued by a
Person other than a Grantor or a Subsidiary of the Grantors, to the best of the Grantors’ knowledge), are legal, valid
and binding obligations of the issuers thereof;

 

    -5-

     

    

 

(d)                except
for the security interests granted hereunder, each of the Grantors (i) is and will continue to be the direct owner, beneficially
and of record, of the Pledged Securities indicated on Schedule I as owned by such Grantors, (ii) holds the same
free and clear of all Liens, (iii) will make no assignment, pledge, hypothecation or transfer of, or create or permit to exist
any security interest in or other Lien on, the Pledged Collateral and (iv) will use commercially reasonable efforts to defend
its title or interest thereto or therein against any and all Liens however arising, of all Persons whomsoever, in each case subject
to (x) any transfers made in compliance with the Credit Agreement and (y) Permitted Liens;

 

(e)                except
for restrictions and limitations imposed or permitted by the Loan Documents, or securities or other laws generally and except as
described in the Perfection Certificate, the Pledged Collateral is and will continue to be freely transferable and assignable,
and none of the Pledged Collateral is or will be subject to any option, right of first refusal or Organization Document provisions
that might prohibit, impair, delay or otherwise affect in any manner material and adverse to the Secured Parties the pledge of
such Pledged Collateral hereunder, the sale or disposition thereof pursuant hereto or the exercise by the Bridge Collateral Agent
of rights and remedies hereunder;

 

(f)                 each
of the Grantors has the power and authority to pledge the Pledged Collateral pledged by it hereunder in the manner hereby done
or contemplated;

 

(g)                other
than as set forth in the Credit Agreement, no consent or approval of any Governmental Authority or any other Person was or is necessary
for the validity of the pledge effected hereby, except for (i) filings necessary to perfect the Liens on the Bridge Collateral
granted by the Grantors in favor of the Secured Parties, (ii) the consents and approvals which have been obtained and are in full
force and effect and (iii) consents and approvals the failure of which to obtain could not, individually or in the aggregate, reasonably
be expected to have a Material Adverse Effect;

 

(h)                by
virtue of the execution and delivery by the Grantors of this Agreement, when any Pledged Securities are delivered to the Bridge
Collateral Agent in accordance with this Agreement (or the Term Loan Collateral Agent in accordance with the Pari Passu Intercreditor
Agreement), the Bridge Collateral Agent will obtain a legal, valid and perfected lien upon and security interest in such Pledged
Securities as security for the payment and performance of the Obligations, subject to Permitted Liens; and

 

(i)                 the
pledge effected hereby is effective to vest in the Bridge Collateral Agent, for the benefit of the Secured Parties, the rights
of the Bridge Collateral Agent in the Pledged Collateral as set forth herein.

 

SECTION 2.04         
Certification of Limited Liability Company and Limited Partnership Interests. Each certificate representing an interest
in any limited liability company or limited partnership owned by any Grantor and pledged under Section 2.01 shall be delivered
to the Bridge Collateral Agent in accordance with Section 2.02 (or the Term Loan Collateral Agent in accordance with the Pari Passu
Intercreditor Agreement).

 

    -6-

     

    

 

SECTION 2.05         
Registration in Nominee Name; Denominations.

 

(a)               
The Bridge Collateral Agent, on behalf of the Secured Parties, shall have the right (in its sole and absolute discretion)
to hold the Pledged Securities in its own name as pledgee, the name of its nominee (as pledgee or as sub-agent) or the name of
the applicable Grantor, endorsed or assigned in blank or in favor of the Bridge Collateral Agent, if an Event of Default shall
occur and be continuing and the Bridge Collateral Agent shall give the Borrower three (3) Business Days’ prior written notice
of its intent to exercise such rights, and each Grantor will promptly give to the Bridge Collateral Agent copies of any notices
or other communications received by it with respect to Pledged Securities registered in the name of such Grantor.

 

(b)               
If an Event of Default shall occur and be continuing and the Bridge Collateral Agent shall give the Borrower three (3) Business
Days’ prior written notice of its intent to exercise such rights, the Bridge Collateral Agent shall have the right to exchange
the certificates representing Pledged Securities for certificates of smaller or larger denominations for any purpose consistent
with this Agreement and the other Loan Documents.

 

SECTION 2.06         
Voting Rights; Dividends and Interest.

 

(a)               
Unless and until an Event of Default shall have occurred and be continuing and the Bridge Collateral Agent shall have given
three (3) Business Days’ prior written notice to the Borrower that the rights of the Grantors under this Section 2.06
are being suspended:

 

(i)          
Each Grantor shall be entitled to exercise any and all voting and/or other consensual rights and powers inuring to an owner
or holder of Pledged Collateral or any part thereof for any purpose consistent with the terms of this Agreement, the Credit Agreement
and the other Loan Documents; provided that such rights and powers shall not be exercised in any manner that could materially
and adversely affect the rights inuring to a holder of any Pledged Collateral or the rights and remedies of any of the Bridge Collateral
Agent or the other Secured Parties under this Agreement, the Credit Agreement or any other Loan Document or the ability of the
Secured Parties to exercise the same, unless such exercise of powers is in connection with an action permitted by the Credit Agreement.

 

(ii)          The Bridge Collateral Agent shall execute and deliver to each Grantor, or cause to be executed and delivered to each Grantor,
all such proxies, powers of attorney and other instruments as each Grantor may reasonably request for the purpose of enabling such
Grantor to exercise the voting and/or consensual rights and powers it is entitled to exercise pursuant to subparagraph (i) above.

 

(iii)         Each
Grantor shall be entitled to receive and retain any and all dividends, interest, principal and other distributions paid on or
distributed in respect of the Pledged Collateral to the extent and only to the extent that such dividends, interest,
principal and other distributions are permitted by, and otherwise paid or distributed in accordance with, the terms and
conditions of the Credit Agreement, the other Loan Documents and applicable Laws; provided that any noncash dividends,
interest, principal or other distributions that would constitute Pledged Collateral, whether resulting from a subdivision,
combination or reclassification of the outstanding Equity Interests of the issuer of any Pledged Collateral or received in
exchange for Pledged Collateral or any part thereof, or in redemption thereof, or as a result of any merger, consolidation,
acquisition or other exchange of assets to which such issuer may be a party or otherwise, shall be and become part of the
Pledged Collateral, and, if received by any Grantor, shall not be commingled by such Grantor with any of its other funds or
property but shall be held separate and apart therefrom, shall be held for the benefit of the Bridge Collateral Agent and the
Secured Parties and, if required by Section 2.02, shall be forthwith delivered to the Bridge Collateral Agent in the same
form as so received (with any necessary endorsement reasonably requested by the Bridge Collateral Agent). So long as no Event
of Default has occurred and is continuing, the Bridge Collateral Agent shall promptly deliver to each Grantor at such
Grantor’s expense any Pledged Securities in its possession if requested in writing to be delivered to the issuer
thereof in connection with any exchange or redemption of such Pledged Securities permitted by the Credit Agreement in
accordance with this Section 2.06(a)(iii).

 

    -7-

     

    

 

(b)               
Upon the occurrence and during the continuance of an Event of Default and after the Bridge Collateral Agent shall have provided
three (3) Business Days’ prior written notice to the Borrower of the suspension of the rights of the Grantors under paragraph (a)(iii)
of this Section 2.06, then all rights of any Grantor to dividends, interest, principal or other distributions that such Grantor
is authorized to receive pursuant to paragraph (a)(iii) of this Section 2.06 shall cease, and all such rights shall thereupon
become vested in the Bridge Collateral Agent, which shall have the sole and exclusive right and authority to receive and retain
such dividends, interest, principal or other distributions. All dividends, interest, principal or other distributions received
by any Grantor contrary to the provisions of this Section 2.06 shall be held for the benefit of the Bridge Collateral Agent,
shall be segregated from other property or funds of such Grantor and shall be forthwith delivered to the Bridge Collateral Agent
(or the Term Loan Collateral Agent in accordance with the Pari Passu Intercreditor Agreement), upon request in the same form as
so received (with any necessary endorsement reasonably requested by the Bridge Collateral Agent). Any and all money and other property
paid over to or received by the Bridge Collateral Agent (or the Term Loan Collateral Agent in accordance with the Pari Passu Intercreditor
Agreement) pursuant to the provisions of this paragraph (b) shall be retained by the Bridge Collateral Agent in an account
to be established by the Bridge Collateral Agent (or the Term Loan Collateral Agent in accordance with the Pari Passu Intercreditor
Agreement) upon receipt of such money or other property and shall be applied in accordance with the provisions of Section 4.02.
After all Events of Default have been cured or waived and the Borrower has delivered to the Bridge Collateral Agent a certificate
to that effect, the Bridge Collateral Agent (or the Term Loan Collateral Agent in accordance with the Pari Passu Intercreditor
Agreement) shall promptly repay to each Grantor (without interest) all dividends, interest, principal or other distributions that
such Grantor would otherwise be permitted to retain pursuant to the terms of paragraph (a)(iii) of this Section 2.06
and that remain in such account.

 

(c)               
Upon the occurrence and during the continuance of an Event of Default, after the Bridge Collateral Agent shall have provided
three (3) Business Days’ prior written notice to the Borrower of the suspension of the rights of the Grantors under paragraph (a)(i)
of this Section 2.06, then all rights of any Grantor to exercise the voting and consensual rights and powers it is entitled
to exercise pursuant to paragraph (a)(i) of this Section 2.06, and the obligations of the Bridge Collateral Agent under
paragraph (a)(ii) of this Section 2.06, shall cease, and all such rights shall thereupon become vested in the Bridge
Collateral Agent, which shall have the sole and exclusive right and authority to exercise such voting and consensual rights and
powers; provided that, unless otherwise directed by the Required Lenders, the Bridge Collateral Agent shall have the right
from time to time following and during the continuance of an Event of Default to permit the Grantors to exercise such rights. After
all Events of Default have been cured or waived, each Grantor shall have the exclusive right to exercise the voting and/or consensual
rights and powers that such Grantor would otherwise be entitled to exercise pursuant to the terms of paragraph (a)(i) of this
Section 2.06 and the Bridge Collateral Agent shall have all the obligations it would otherwise have under paragraph (a)(ii)
of this Section 2.06.

 

(d)                Any
notice given by the Bridge Collateral Agent to the Grantors suspending the rights of the Grantors under paragraph (a) of
this Section 2.06 (i) may be given with respect to one or more of the Grantors at the same or different times and
(ii) may suspend the rights of the Grantors under paragraph (a)(i) or paragraph (a)(iii) of this
Section 2.06 in part without suspending all such rights (as specified by the Bridge Collateral Agent in its sole and
absolute discretion) and without waiving or otherwise affecting the Bridge Collateral Agent’s rights to give additional
notices from time to time suspending other rights so long as an Event of Default has occurred and is continuing.

 

    -8-

     

    

 

SECTION 2.07         
Uncertificated Securities. No Grantor will permit any issuer of Pledged Securities, which Pledged Securities are
uncertificated, to modify its Organization Documents or otherwise elect to treat such Pledged Securities as certificated stock
or as a security pursuant to Section 8-103(c) of the UCC without delivering all certificates evidencing such Pledged Securities
to the Bridge Collateral Agent in accordance with Section 2.02.

 

ARTICLE III

Security Interests in Personal Property

 

SECTION 3.01         
Security Interest.

 

(a)               
As security for the payment or performance, as the case may be, in full of the Obligations including the Guaranty, each
Grantor hereby mortgages and pledges to the Bridge Collateral Agent, its successors and assigns, for the benefit of the Secured
Parties, and hereby grants to the Bridge Collateral Agent, its successors and assigns, for the benefit of the Secured Parties,
a security interest (the “Security Interest”) in all right, title or interest in or to any and all of the following
assets and properties now owned or at any time hereafter acquired by such Grantor or in which such Grantor now has or at any time
in the future may acquire any right, title or interest (collectively, the “Article 9 Collateral”):

 

(i)              
all Accounts;

 

(ii)              all
Chattel Paper;

 

(iii)             all
Documents;

 

(iv)            
all Equipment and Fixtures;

 

(v)              all General Intangibles;

 

(vi)            
all Goods;

 

(vii)            
all Instruments;

 

(viii)           all
Intellectual Property and Licenses;

 

(ix)              all
Inventory;

 

(x)              
all Investment Property;

 

(xi)             
all books and records pertaining to the Article 9 Collateral; and

 

(xii)             to the extent constituting ABL Priority Collateral, Deposit Accounts, Securities Accounts, all cash, Money, Securities and
other investments therein, and all Security Entitlements in respect thereof; and

 

    -9-

     

    

 

(xiii)              
 to the extent not otherwise included, all Proceeds and products of any and all of the foregoing and all supporting obligations,
collateral security and guarantees given by any Person with respect to any of the foregoing;

 

provided that notwithstanding anything
to the contrary in this Agreement, this Agreement shall not constitute a grant of a security interest in any Excluded Property;
provided, however, that “Excluded Property” shall not include any Proceeds, substitutions or replacements
of any Excluded Property unless such Proceeds, substitutions or replacements would independently constitute Excluded Property.

 

(b)               
Each Grantor hereby irrevocably authorizes the Bridge Collateral Agent for the benefit of the Secured Parties at any time
and from time to time to file in any relevant jurisdiction any initial financing statements (including fixture filings) with respect
to the Bridge Collateral or any part thereof and amendments thereto that (i) indicate the Bridge Collateral as all assets
of such Grantor or words of similar effect or being of an equal or lesser scope or with greater detail, and (ii) contain the
information required by Article 9 of the Uniform Commercial Code or the analogous legislation of each applicable jurisdiction
for the filing of any financing statement or amendment, including (A) whether such Grantor is an organization, the type of
organization and, if applicable, any organizational identification number or incorporation number issued to such Grantor and (B) in
the case of a financing statement filed as a fixture filing, a sufficient description of the real property to which such Bridge
Collateral relates. Each Grantor agrees to provide such information to the Bridge Collateral Agent promptly upon request.

 

(c)               
The Bridge Collateral Agent is further irrevocably authorized to file with the United States Patent and Trademark Office
or the United States Copyright Office (or any successor office thereof) such documents as may be necessary or advisable for the
purpose of perfecting or confirming the Security Interest granted by each Grantor, with notice to each, but without the signature
of any, Grantor (only if such signature cannot reasonably be obtained by the Bridge Collateral Agent), and naming any Grantor or
the Grantors as debtors and the Bridge Collateral Agent as secured party.

 

(d)               
The Security Interest is granted as security only and shall not subject the Bridge Collateral Agent or any other Secured
Party to, or in any way alter or modify, any obligation or liability of any Grantor with respect to or arising out of the Article 9
Collateral.

 

SECTION 3.02         
Representations and Warranties. Each Grantor jointly and severally represents and warrants to the Bridge Collateral
Agent and the other Secured Parties, that:

 

(a)                Each
Grantor has good and valid rights in and title to the Article 9 Collateral with respect to which it has purported to grant
a Security Interest hereunder, subject to Permitted Liens, and has full power and authority to grant to the Bridge Collateral Agent
the Security Interest in such Article 9 Collateral pursuant hereto and to execute, deliver and perform its obligations in
accordance with the terms of this Agreement, without the consent or approval of any other Person, except for (i) consents and approvals
which have been obtained and are in full force and effect and (ii) consents and approvals the failure of which to obtain could
not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.

 

(b)                This
Agreement has been duly executed and delivered by each Grantor that is a party hereto. This Agreement constitutes a legal, valid
and binding obligation of such Grantor, enforceable against each Grantor that is a party hereto in accordance with its terms, except
as such enforceability may be limited by Debtor Relief Laws and by general principles of equity.

 

(c)                (i)(i)
The Perfection Certificate has been duly prepared, completed and executed and the information set forth therein, including
the exact legal name of each Grantor, is correct and complete in all material respects (or in all respects in the case of the
exact legal name of each Grantor) as of the Closing Date.

 

    -10-

     

    

 

(ii)         
The UCC financing statements (including fixture filings, as applicable) or other appropriate filings, recordings or registrations
prepared by the Bridge Collateral Agent based upon the information provided to the Bridge Collateral Agent in the Perfection Certificate
for filing in each governmental, municipal or other office specified in Section 3 to the Perfection Certificate (or specified by
notice from such Grantor to the Bridge Collateral Agent after the Closing Date in the case of filings, recordings or registrations
required by Section 6.10 of the Credit Agreement), are all the filings, recordings and registrations (other than filings required
to be made in the United States Patent and Trademark Office or the United States Copyright Office in order to perfect the Security
Interest in Article 9 Collateral consisting of United States pending or issued Patents, United States applied for or registered
Trademarks and United States applied for and registered Copyrights, in each case, owned by such Grantor) that are necessary to
establish a legal, valid and perfected security interest in favor of the Bridge Collateral Agent (for the benefit of the Secured
Parties) in respect of all Article 9 Collateral in which the Security Interest may be perfected by filing, recording or registration
in the United States (or any political subdivision thereof) and its territories and possessions, and no further or subsequent filing,
refiling, recording, rerecording, registration or reregistration is necessary in any such jurisdiction, except as provided under
applicable law with respect to the filing of continuation statements.

 

(iii)        
A fully executed agreement in the form of Exhibit II hereto has been delivered to the Bridge Collateral Agent for
recording by, as applicable, the United States Patent and Trademark Office or the United States Copyright Office pursuant to 35
U.S.C. § 261, 15 U.S.C. § 1060 or 17 U.S.C. § 205 and the regulations thereunder, as applicable, to establish a
valid and perfected security interest in favor of the Bridge Collateral Agent (for the benefit of the Secured Parties) in respect
of all Bridge Collateral consisting of registrations and applications for Patents, Trademarks and Copyrights (including exclusive
Licenses to United States registered Copyrights) in which a security interest may be perfected by filing such agreement in, as
applicable, the United States Patent and Trademark Office or the United States Copyright Office, and no further or subsequent filing
or refiling is necessary (other than (x) such filings and actions as are necessary to perfect the Security Interest with respect
to any United States After-Acquired Intellectual Property and (y) the filing of Uniform Commercial Code financing and continuation
statements contemplated in subsection (ii) of this Section 3.02(c)).

 

(d)          The
Security Interest shall constitute (i) a legal and valid security interest in all the Article 9 Collateral securing
the payment and performance of the Obligations, including the Guaranty, (ii) subject to the filings described in Section
3.02(c) (including payment of applicable fees in connection therewith), a perfected security interest in all Article 9
Collateral in which a security interest may be perfected by filing, recording or registering a financing statement or
analogous document in the United States (or any political subdivision thereof) and its territories and possessions pursuant
to the Uniform Commercial Code in the relevant jurisdiction, and (iii) subject to the filings described in Section
3.02(c), a security interest that shall be perfected in all Article 9 Collateral in which a security interest may be
perfected upon the receipt and recording of a fully executed agreement in the form of Exhibit II hereto with, as
applicable, the United States Patent and Trademark Office or the United States Copyright Office, within the three-month
period (commencing as of the date hereof) pursuant to 35 U.S.C. § 261 or 15 U.S.C. § 1060 or the one-month period
(commencing as of the date hereof) pursuant to 17 U.S.C. § 205. The Security Interest is and shall be prior to any other
Lien on any of the Article 9 Collateral, other than Permitted Liens. Notwithstanding the foregoing, but without limiting
Grantors’ obligations with respect to filing, recording, or registering of Uniform Commercial Code financing and
continuation statements pursuant to subsection (ii) of Section 3.02(c), nothing in this Agreement or any other Loan Document
shall require any Grantor to (A) make any filings or take any other actions to record or perfect the Bridge Collateral
Agent’s lien on and Security Interest in any Intellectual Property (x) in any office other than in the United States
Patent and Trademark Office or in the United States Copyright Office, or (y) subsisting outside of the United States, or to
(B) reimburse the Administrative Agent for any costs or expenses incurred in connection with making such filings or taking
any other such action.

 

    -11-

     

    

 

(e)                The
Article 9 Collateral is owned by the Grantors free and clear of any Lien, except for Permitted Liens. None of the Grantors
has filed or consented to the filing of (i) any financing statement or analogous document under the Uniform Commercial Code
(including the New York UCC) in any applicable jurisdiction or any other applicable laws covering any Article 9 Collateral
or (ii) any assignment in which any Grantor assigns any Article 9 Collateral or any security agreement or similar instrument
covering any Article 9 Collateral with any foreign governmental, municipal or other office, which financing statement or analogous
document, assignment, security agreement or similar instrument is still in effect, except, in each case, for Permitted Liens.

 

(f)                 Schedule
III hereto sets forth a list of (i) United States issued Patents and pending Patent applications, other than certain immaterial
Patents owned by the Grantors as of the Closing Date, (ii) United States registered Trademarks and Trademarks for which applications
for registration are pending (other than any Excluded Property), and (iii) United States registered Copyrights and Copyrights for
which applications for registration are pending, other than certain immaterial Copyrights owned by the Grantors as of the Closing
Date, in each case, owned by an Initial Grantor as of the date hereof and registered or pending with, as applicable, the United
States Patent and Trademark Office or the United States Copyright Office, as well as exclusive Licenses of United States registered
Copyrights to which a Grantor is a party. On the Closing Date, except as would not, either individually or in the aggregate, be
expected to have a Material Adverse Effect, each Grantor owns or possesses the right to use the Bridge Collateral consisting of
Intellectual Property with respect to which it has purported to grant a Security Interest hereunder and has full power and authority
to grant to the Bridge Collateral Agent the Security Interest in such Bridge Collateral pursuant hereto and to execute, deliver
and perform its obligations in accordance with the terms of this Agreement, without the consent or approval of any other Person
other than any consent or approval that has been obtained.

 

SECTION 3.03         
Covenants.

 

(a)               
Each Grantor agrees promptly (and, in any event, in sufficient time to enable all
filings to be made within any applicable statutory period, under the Uniform Commercial Code, that are required in order for the
Bridge Collateral Agent to continue at all times following such change to have a valid, legal and perfected security interest
in all the Article 9 Collateral, for the benefit of the Secured Parties) to notify the Bridge Collateral Agent in writing
of any change (i) in legal name of any Grantor, (ii) in the identity or type of organization or corporate structure
of any Grantor, (iii) in the jurisdiction of organization or incorporation of any Grantor or (iv) in its organizational identification
number (in the case of this clause (iv), to the extent an organizational identification number is required by applicable law to
be disclosed on the UCC financing statements for such Grantor).

 

(b)               
Each Grantor shall, at its own expense, take any and all commercially reasonable actions necessary to defend title to the
Article 9 Collateral against all Persons and to defend the Security Interest of the Bridge Collateral Agent in the Article 9
Collateral and the priority thereof against any Lien other than Permitted Liens.

 

    -12-

     

    

 

(c)               
 Each Grantor shall, on the date hereof, execute and deliver fully executed agreements in the form of Exhibit II
to the Bridge Collateral Agent, in order to record the security interest granted herein to the Bridge Collateral Agent with the
United States Patent and Trademark Office and United States Copyright Office, as applicable.

 

(d)               
Each quarter, at the time of delivery of quarterly financial statements with respect to the preceding fiscal quarter pursuant
to Section 6.01(b) of the Credit Agreement (and in the case of the last fiscal quarter of each year, at the time of delivery
of the annual financial statements pursuant to Section 6.01(a) of the Credit Agreement), the Borrower shall deliver to the Bridge
Collateral Agent an appropriate supplement to this Agreement substantially in the form of Exhibit II or III hereto,
as applicable, with respect to all After-Acquired Intellectual Property owned by each Grantor as of the last day of the prior fiscal
quarter and as of the date of such supplement, but only to the extent that such After-Acquired Intellectual Property is (i) an
issued Patent (or published application therefor), registered Trademark (or application therefor) or a registered Copyright, in
each case, which is issued in or registered or pending with, as applicable, the United States Patent and Trademark Office or the
United States Copyright Office, or (ii) a License under which any Grantor is the exclusive licensee of a United States registered
Copyright, in each case, to the extent that such After-Acquired Intellectual Property is not covered by any previous short form
agreement in the form of Exhibit II or Exhibit III so signed and delivered by it.

 

(e)               
The Borrower agrees, on its own behalf and on behalf of each other Grantor, at its own expense, to execute, acknowledge,
deliver and cause to be duly filed all such further instruments and documents and take all such actions as the Bridge Collateral
Agent may from time to time reasonably request to obtain, preserve, protect and perfect the Security Interest and the rights and
remedies created hereby, including the payment of any fees and taxes required in connection with the execution and delivery of
this Agreement, the granting of the Security Interest and the filing of any financing statements (including fixture filings) or
other documents in connection herewith or therewith. If any amount payable to any Grantor under or in connection with any of the
Article 9 Collateral that is in excess of $7,500,000 shall be or become evidenced by any promissory note or other instrument,
such note or instrument shall be pledged in accordance with Section 3.04(a) and delivered to the Bridge Collateral Agent (or the
Term Loan Collateral Agent in accordance with the Pari Passu Intercreditor Agreement) in accordance with Section 3.04(a), for the
benefit of the Secured Parties, duly endorsed in a manner reasonably satisfactory to the Bridge Collateral Agent (or the Term Loan
Collateral Agent in accordance with the Pari Passu Intercreditor Agreement).

 

(f)                
At its option, the Bridge Collateral Agent may, with three (3) Business Days’ prior written notice to the Borrower,
discharge past due taxes, assessments, charges, fees, Liens, security interests or other encumbrances at any time levied or placed
on the Article 9 Collateral and not constituting Permitted Liens, and may pay for the maintenance and preservation of the
Article 9 Collateral to the extent any Grantor fails to do so as required by the Credit Agreement or this Agreement and within
a reasonable period of time after the Bridge Collateral Agent has requested that it do so. Nothing in this paragraph shall
be interpreted as excusing any Grantor from the performance of, or imposing any obligation on the Bridge Collateral Agent or any
Secured Party to cure or perform, any covenants or other promises of any Grantor with respect to taxes, assessments, charges, fees,
Liens, security interests or other encumbrances and maintenance as set forth herein or in the other Loan Documents.

 

(g)                If
at any time any Grantor shall take a security interest in any property of an Account Debtor or any other Person, the value of
which is in excess of $7,500,000, to secure payment and performance of an Account, such Grantor shall promptly collaterally
assign such security interest to the Bridge Collateral Agent (or the Term Loan Collateral Agent in accordance with the Pari
Passu Intercreditor Agreement) for the benefit of the Secured Parties. Such assignment need not be filed of public record
unless necessary to continue the perfected status of the security interest against creditors of and transferees from the
Account Debtor or other Person granting the security interest.

 

    -13-

     

    

 

(h)               
Each Grantor (rather than the Bridge Collateral Agent or any Secured Party) shall remain liable (as between itself and any
relevant counterparty) to observe and perform all the conditions and obligations to be observed and performed by it under each
contract, agreement or instrument relating to the Article 9 Collateral, all in accordance with the terms and conditions thereof,
and each Grantor jointly and severally agrees to indemnify and hold harmless the Bridge Collateral Agent and the other Secured
Parties from and against any and all liability for such performance.

 

(i)                
Covenants Regarding Intellectual Property.

 

(i)          
Without limiting the generality of the foregoing, each Grantor hereby authorizes the Bridge Collateral Agent, with prompt
notice thereof to the Grantors, to supplement this Agreement by supplementing Schedule III hereto to specifically identify
any asset or item owned by the Grantor that may constitute a registration or application for Copyrights, Patents or Trademarks
or an exclusive License of United States registered Copyrights, as applicable, with the United States Patent and Trademark Office
or the United States Copyright Office; provided that any Grantor shall have the right, exercisable within fifteen (15) days after
it has been notified by the Bridge Collateral Agent of the specific identification of such Bridge Collateral, to advise the Bridge
Collateral Agent in writing of any material inaccuracy of the representations and warranties made by such Grantor hereunder with
respect to such Bridge Collateral.

 

(ii)         
Subject, for the avoidance of doubt, to clause (vi) below, each Grantor agrees to take, at its expense, such reasonable
steps as it determines are appropriate in its reasonable business judgment in the United States Patent and Trademark Office, the
United States Copyright Office and any other governmental authority located in the United States (including any domain name registrar),
to (x) maintain the validity and enforceability of any registered material Bridge Collateral owned by such Grantor in full force
and effect, and (y) pursue the maintenance of or prosecution of each material Patent, Trademark, or Copyright registration or application,
now or hereafter included in such Bridge Collateral of such Grantor, including, without limitation, the payment of required fees
and taxes, the filing of applications for renewal, the filing of affidavits under Sections 8 and 15 or the U.S. Trademark Act and
the payment of maintenance fees.

 

(iii)        
Subject, for the avoidance of doubt, to clause (vi) below, no Grantor shall knowingly do or authorize any act or knowingly
omit to do any act whereby any Bridge Collateral consisting of material Intellectual Property owned by such Grantor may prematurely
lapse, be terminated, or become invalid or unenforceable or abandoned (or in the case of a trade secret, becomes publicly known).

 

(iv)       
Subject, for the avoidance of doubt, to clause (vi) below, each Grantor shall take commercially reasonable steps to preserve
and protect each item of Bridge Collateral consisting of material Intellectual Property owned by such Grantor to the extent required
under applicable law, including, without limitation, maintaining the quality of any and all products or services used or provided
in connection with any of the material Trademarks, substantially consistent with the quality of the products and services as of
the date hereof.

 

(v)         Each
Grantor agrees that, should it obtain ownership of any Bridge Collateral consisting of Intellectual Property after the
Closing Date, or should any U.S. trademark application (or registration resulting therefrom) initially filed on an
intent-to-use basis no longer constitute Excluded Property (“After-Acquired Intellectual Property”) (i)
the provisions of this Agreement shall automatically apply thereto and (ii) any such After-Acquired Intellectual Property
shall automatically become part of the Bridge Collateral subject to the terms and conditions of this Agreement with respect
thereto.

 

    -14-

     

    

 

(vi)       
Notwithstanding anything to the contrary contained herein, nothing in this Agreement prevents any Grantor from disposing
of, discontinuing the use or maintenance of, failing to pursue, ceasing to preserve or protect, or otherwise allowing to lapse,
terminate, be abandoned, be invalidated, become unenforceable, or be put into the public domain, any Intellectual Property in the
Bridge Collateral to the extent permitted under the Credit Agreement or if such Grantor determines in its reasonable business judgment
that such Intellectual Property is no longer material to the conduct of its business.

 

(j)                
With respect to each deposit account and securities account subject to a control agreement for the benefit of an ABL Representative
(as defined in the ABL Intercreditor Agreement) (the “ABL Control Agreement”), the applicable Grantor shall
deliver to the Bridge Collateral Agent a duly executed control agreement, in form reasonably satisfactory to the Bridge Collateral
Agent, granting to the Bridge Collateral Agent  “control” within the meaning of the UCC over such deposit account
or securities account at the time it enters into such ABL Control Agreement.

 

SECTION 3.04         
Other Actions. In order to further insure the attachment, perfection and priority of, and the ability of the Bridge
Collateral Agent to enforce, the Security Interest, each Grantor agrees, in each case at such Grantor’s own expense, to take
the following actions with respect to the following Article 9 Collateral:

 

(a)               
Instruments. Except to the extent otherwise provided in Article II, if any Grantor shall at any time hold or
acquire any Instruments (other than checks to be deposited in the ordinary course of business) constituting Bridge Collateral and
evidencing an amount in excess of $6,250,000, such Grantor shall forthwith endorse, collaterally assign and deliver the same to
the Bridge Collateral Agent (or the Term Loan Collateral Agent in accordance with the Pari Passu Intercreditor Agreement) for the
benefit of the Secured Parties, accompanied by such instruments of transfer or assignment duly executed in blank as the Bridge
Collateral Agent (or the Term Loan Collateral Agent in accordance with the Pari Passu Intercreditor Agreement) may from time to
time reasonably request.

 

(b)               
Investment Property. Except to the extent otherwise provided in Article II, if any Grantor shall at any time
hold or acquire any certificated securities constituting Bridge Collateral evidencing an individual aggregate amount in excess
of $6,250,000, such Grantor shall forthwith endorse, assign and deliver the same to the Bridge Collateral Agent (or the Term Loan
Collateral Agent in accordance with the Pari Passu Intercreditor Agreement) for the benefit of the Secured Parties, accompanied
by such instruments of transfer or assignment duly executed in blank as the Bridge Collateral Agent may from time to time reasonably
request. Except to the extent otherwise provided in Section 2.07, if any securities now or hereafter acquired by any Grantor are
uncertificated and are issued to such Grantor or its nominee directly by the issuer thereof, upon the Bridge Collateral Agent’s
request and following the occurrence and continuance of an Event of Default such Grantor shall promptly notify the Bridge Collateral
Agent thereof and, at the Bridge Collateral Agent’s reasonable request, pursuant to an agreement in form and substance reasonably
satisfactory to the Bridge Collateral Agent, either (i) cause the issuer to agree to comply with instructions from the Bridge
Collateral Agent (or the Term Loan Collateral Agent in accordance with the Pari Passu Intercreditor Agreement) as to such securities,
without further consent of any Grantor or such nominee, or (ii) arrange for the Bridge Collateral Agent (or the Term Loan
Collateral Agent in accordance with the Pari Passu Intercreditor Agreement) to become the registered owner of the securities.

 

    -15-

     

    

 

(c)               
 Intellectual Property. With respect to any After-Acquired Intellectual Property which constitutes Bridge Collateral
that is (i) an issued Patent (or a published application therefor), registered Trademark (or application therefor) or a registered
Copyright, in each case, which is issued in or registered or pending with, as applicable, the United States Patent and Trademark
Office or the United States Copyright Office, or (ii) a License under which any Grantor is the exclusive licensee of a United States
registered Copyright, and, in each case, which is not covered by any short form agreement in the form of Exhibit II previously
signed and delivered to the Bridge Collateral Agent, the applicable Grantor will promptly cooperate as reasonably requested by,
and necessary to enable, the Bridge Collateral Agent to make any necessary or reasonably desirable recordations with, as applicable,
the United States Patent and Trademark Office or United States Copyright Office, as appropriate, and upon the request of the Bridge
Collateral Agent, such Grantor shall promptly file and record appropriate instruments or documents with the United States Patent
and Trademark Office or United States Copyright Office for such recordation, as appropriate.

 

ARTICLE IV

 

Remedies

 

SECTION 4.01         
Remedies upon Default.

 

(a)                Upon
the occurrence and during the continuance of an Event of Default, it is agreed that the Bridge Collateral Agent shall have
the right to exercise any and all rights afforded to a secured party with respect to the Obligations under the Uniform
Commercial Code (including the New York UCC) in any applicable jurisdiction or other applicable law and also may
(i) require each Grantor to, and each Grantor agrees that it will at its expense and upon request of the Bridge
Collateral Agent forthwith, assemble all or part of the Bridge Collateral as directed by the Bridge Collateral Agent and make
it available to the Bridge Collateral Agent at a place and time to be designated by the Bridge Collateral Agent that is
reasonably convenient to both parties; (ii) occupy any premises owned or, to the extent lawful and permitted, leased by
any of the Grantors where the Bridge Collateral or any part thereof is assembled or located for a reasonable period in order
to effectuate its rights and remedies hereunder or under law, without obligation to such Grantor in respect of such
occupation; provided that the Bridge Collateral Agent shall provide the applicable Grantor with notice thereof prior
to or promptly after such occupancy; (iii) exercise any and all rights and remedies of any of the Grantors under or in
connection with the Bridge Collateral, or otherwise in respect of the Bridge Collateral; provided that the Bridge
Collateral Agent shall provide the applicable Grantor with notice thereof prior to or promptly after such exercise;
(iv) subject to the mandatory requirements of applicable Law and the notice requirements described below, sell or
otherwise dispose of all or any part of the Bridge Collateral securing the Obligations at a public or private sale or at any
broker’s board or on any securities exchange, for cash, upon credit or for future delivery as the Bridge Collateral
Agent shall deem appropriate and (v) cause the Security Interest to become an assignment, transfer and conveyance of any of
or all such Bridge Collateral by the applicable Grantors to the Bridge Collateral Agent, or to license or sublicense, whether
general, special or otherwise, and whether on an exclusive or non-exclusive basis, any such Bridge Collateral throughout the
world on such terms and conditions and in such manner as the Bridge Collateral Agent shall determine (other than in violation
of any then-existing licensing arrangements to the extent that waivers cannot be obtained). The Bridge Collateral Agent shall
be authorized at any such sale of securities (if it deems it advisable to do so) to restrict the prospective bidders or
purchasers to Persons who will represent and agree that they are purchasing the Bridge Collateral for their own account for
investment and not with a view to the distribution or sale thereof, and upon consummation of any such sale the Bridge
Collateral Agent shall have the right to assign, transfer and deliver to the purchaser or purchasers thereof the Bridge
Collateral so sold. Each such purchaser at any sale of Bridge Collateral shall hold the property sold absolutely, free from
any claim or right on the part of any Grantor, and each Grantor hereby waives (to the extent permitted by Law) all rights of
redemption, stay and appraisal which such Grantor now has or may at any time in the future have under any rule of law or
statute now existing or hereafter enacted.

 

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(b)               
The Bridge Collateral Agent shall give the applicable Grantors ten (10) days’ prior written notice (which each Grantor
agrees is reasonable notice within the meaning of Section 9-611 of the New York UCC or its equivalent in other jurisdictions)
of the Bridge Collateral Agent’s intention to make any sale of Bridge Collateral. Such notice, in the case of a public sale,
shall state the time and place for such sale and, in the case of a sale at a broker’s board or on a securities exchange,
shall state the board or exchange at which such sale is to be made and the day on which the Bridge Collateral, or portion thereof,
will first be offered for sale at such board or exchange. Any such public sale shall be held at such time or times within ordinary
business hours and at such place or places as the Bridge Collateral Agent may fix and state in the notice (if any) of such sale.
At any such sale, the Bridge Collateral, or portion thereof, to be sold may be sold in one lot as an entirety or in separate parcels,
as the Bridge Collateral Agent may (in its sole and absolute discretion) determine. The Bridge Collateral Agent shall not be obligated
to make any sale of any Bridge Collateral if it shall determine not to do so, regardless of the fact that notice of sale of such
Bridge Collateral shall have been given. The Bridge Collateral Agent may, without notice or publication, adjourn any public or
private sale or cause the same to be adjourned from time to time by announcement at the time and place fixed for sale, and such
sale may, without further notice, be made at the time and place to which the same was so adjourned. In case any sale of all or
any part of the Bridge Collateral is made on credit or for future delivery, the Bridge Collateral so sold may be retained by the
Bridge Collateral Agent until the sale price is paid by the purchaser or purchasers thereof, but the Bridge Collateral Agent shall
not incur any liability in case any such purchaser or purchasers shall fail to take up and pay for the Bridge Collateral so sold
and, in case of any such failure, such Bridge Collateral may be sold again upon like notice. At any public (or, to the extent permitted
by law, private) sale made pursuant to this Agreement, any Secured Party may bid for or purchase, free (to the extent permitted
by law) from any right of redemption, stay, valuation or appraisal on the part of any Grantor (all said rights being also hereby
waived and released to the extent permitted by law), the Bridge Collateral or any part thereof offered for sale and may make payment
on account thereof by using any claim then due and payable to such Secured Party from any Grantor as a credit against the purchase
price, and such Secured Party may, upon compliance with the terms of sale, hold, retain and dispose of such property without further
accountability to any Grantor therefor. For purposes hereof, a written agreement to purchase the Bridge Collateral or any portion
thereof shall be treated as a sale thereof; the Bridge Collateral Agent shall be free to carry out such sale pursuant to such agreement
and no Grantor shall be entitled to the return of the Bridge Collateral or any portion thereof subject thereto, notwithstanding
the fact that after the Bridge Collateral Agent shall have entered into such an agreement all Events of Default shall have been
remedied and the Obligations paid in full. As an alternative to exercising the power of sale herein conferred upon it, the Bridge
Collateral Agent may proceed by a suit or suits at law or in equity to foreclose this Agreement and to sell the Bridge Collateral
or any portion thereof pursuant to a judgment or decree of a court or courts having competent jurisdiction or pursuant to a proceeding
by a court appointed receiver. To the extent permitted by applicable law, any sale pursuant to the provisions of this Section 4.01
shall be deemed to conform to the commercially reasonable standards as provided in Section 9-610(b) of the New York UCC
or its equivalent in other jurisdictions.

 

SECTION 4.02         
Application of Proceeds.

 

(a)               
The Bridge Collateral Agent shall, subject to the terms of any Applicable Intercreditor Agreement contemplated by the Credit
Agreement, apply the proceeds of any collection or sale of Bridge Collateral, including any Bridge Collateral consisting of cash,
in accordance with Section 8.04 of the Credit Agreement.

 

    -17-

     

    

 

(b)               
 The Bridge Collateral Agent shall have absolute discretion as to the time of application of any such proceeds, moneys or
balances in accordance with this Agreement. Upon any sale of Bridge Collateral by the Bridge Collateral Agent (including pursuant
to a power of sale granted by statute or under a judicial proceeding), the receipt of the purchase money therefor by the Bridge
Collateral Agent or of the officer making the sale shall be a sufficient discharge to the purchaser or purchasers of the Bridge
Collateral so sold and such purchaser or purchasers shall not be obligated to see to the application of any part of the purchase
money paid over to the Bridge Collateral Agent or such officer or be answerable in any way for the misapplication thereof.

 

(c)               
In making the determinations and allocations required by this Section 4.02, the Bridge Collateral Agent may conclusively
rely upon information supplied by the Administrative Agent as to the amounts of unpaid principal and interest and other amounts
outstanding with respect to the Obligations, and the Bridge Collateral Agent shall have no liability to any of the Secured Parties
for actions taken in reliance on such information, provided that nothing in this sentence shall prevent any Grantor from
contesting any amounts claimed by any Secured Party in any information so supplied. All distributions made by the Bridge Collateral
Agent pursuant to this Section 4.02 shall be (subject to any decree of any court of competent jurisdiction) final (absent
manifest error), and the Bridge Collateral Agent shall have no duty to inquire as to the application by the Administrative Agent
of any amounts distributed to it.

 

SECTION 4.03         
Grant of Intellectual Property License. For the purpose of enabling the Bridge Collateral Agent to exercise rights
and remedies under this Agreement effective at such time as the Bridge Collateral Agent shall be lawfully entitled to exercise
such rights and remedies under this Agreement, each Grantor hereby grants to the Bridge Collateral Agent, effective only after
and during the continuance of an Event of Default, a non-exclusive, irrevocable (subject to the last sentence of this Section 4.03)
license (exercisable without payment of royalty or other compensation to any such Grantor) to, solely to the extent necessary to
exercise such rights and remedies, use or sublicense any of the Bridge Collateral now owned or hereafter acquired by such Grantor
that constitutes Intellectual Property and license rights included in the General Intangibles, and wherever the same may be located,
and including in such license, solely to the extent necessary to exercise such rights and remedies, reasonable access to media
in which any of the licensed items may be recorded or stored and to all computer software used for the compilation or printout
thereof; provided, however, that nothing in this Section 4.03 shall require any Grantor to grant any license if it
does not have the right to do so or that is prohibited by any rule of law, statute or regulation or is prohibited by, or that would
constitute a breach or default under or results in the termination of or gives rise to any right of acceleration, modification
or cancellation under any contract, license, agreement, instrument or other document; provided, further, that such
licenses to be granted hereunder with respect to Trademarks shall be subject to the maintenance of quality standards with respect
to the goods and services on which such Trademarks are used sufficient to preserve the validity of such Trademarks. The use of
such license by the Bridge Collateral Agent and its rights thereunder may be exercised, at the option of the Bridge Collateral
Agent, only during the continuation of an Event of Default; provided that any permitted license, sublicense or other transaction
entered into by the Bridge Collateral Agent in accordance herewith shall be binding upon the Grantors notwithstanding any subsequent
cure of an Event of Default, provided that it was entered into in accordance with the terms of this Agreement. For the avoidance
of doubt, at the time of the release of the Lien as set forth in Section 5.13, the license granted to the Bridge Collateral Agent
pursuant to this Section 4.03 shall automatically and immediately terminate.

 

    -18-

     

    

 

ARTICLE V 

Miscellaneous

 

SECTION 5.01         
Notices. All communications and notices hereunder shall (except as otherwise expressly permitted herein) be in writing
and given as provided in Section 10.02 of the Credit Agreement. All communications and notices hereunder to any Grantor shall
be given to it in care of the Borrower as provided in Section 10.02 of the Credit Agreement.

 

SECTION 5.02         
Waivers; Amendment.

 

(a)               
No failure or delay by the Bridge Collateral Agent, any other Agent or any Lender in exercising any right or power hereunder
or under any other Loan Document shall operate as a waiver thereof, nor shall any single or partial exercise of any such right
or power, or any abandonment or discontinuance of steps to enforce such a right or power, preclude any other or further exercise
thereof or the exercise of any other right or power. The rights and remedies of the Bridge Collateral Agent, any other Agent and
the Lenders hereunder and under the other Loan Documents are cumulative and are not exclusive of any rights or remedies that they
would otherwise have. No waiver of any provision of this Agreement or consent to any departure by any Grantor therefrom shall in
any event be effective unless the same shall be permitted by paragraph (b) of this Section 5.02, and then such waiver
or consent shall be effective only in the specific instance and for the purpose for which given. Without limiting the generality
of the foregoing or the making of a Loan shall not be construed as a waiver of any Default, regardless of whether the Bridge Collateral
Agent, any other Agent or any Lender may have had notice or knowledge of such Default at the time. No notice or demand on any Grantor
in any case shall entitle any Grantor to any other or further notice or demand in similar or other circumstances.

 

(b)               
Neither this Agreement nor any provision hereof may be waived, amended or modified except pursuant to an agreement or agreements
in writing entered into by the Bridge Collateral Agent and the Grantor or Grantors with respect to which such waiver, amendment
or modification is to apply, subject to any consent required in accordance with Section 10.01 of the Credit Agreement.

 

SECTION 5.03         
Bridge Collateral Agent’s Fees and Expenses; Indemnification.

 

(a)               
The parties hereto agree that the Bridge Collateral Agent shall be entitled to reimbursement of its expenses incurred hereunder
as provided in Section 10.04 of the Credit Agreement as if such section was set out in full herein mutatis mutandis.

 

(b)               
Without limitation of its indemnification obligations under the other Loan Documents, the Borrower agrees to indemnify the
Bridge Collateral Agent and the other Indemnitees (as defined in Section 10.05 of the Credit Agreement) in accordance with
Section 10.05 of the Credit Agreement (as if such section was set out in full herein mutatis mutandis).

 

(c)               
Any such amounts payable as provided hereunder shall be additional Obligations secured hereby and by the other Collateral
Documents. The provisions of this Section 5.03 shall remain operative and in full force and effect regardless of the termination
of this Agreement or any other Loan Document, the consummation of the transactions contemplated hereby, the repayment of any of
the Obligations, the invalidity or unenforceability of any term or provision of this Agreement or any other Loan Document, or any
investigation made by or on behalf of the Bridge Collateral Agent or any other Secured Party. All amounts due under this Section 5.03
shall be payable within ten (10) days of written demand therefor, setting forth such amounts in reasonable detail.

 

SECTION 5.04         Successors
and Assigns. Whenever in this Agreement any of the parties hereto is referred to, such reference shall be deemed to include
the permitted successors and assigns of such party; and all covenants, promises and agreements by or on behalf of any Grantor
or the Bridge Collateral Agent that are contained in this Agreement shall bind and inure to the benefit of their respective successors
and assigns.

 

    -19-

     

    

 

SECTION 5.05         
Survival of Agreement. All covenants, agreements, representations and warranties made by the Grantors in the Loan
Documents and in the certificates or other instruments prepared or delivered in connection with or pursuant to this Agreement or
any other Loan Document shall be considered to have been relied upon by the Lenders and shall survive the execution and delivery
of the Loan Documents and the making of any Loans regardless of any investigation made by any Lender or on its behalf and notwithstanding
that the Bridge Collateral Agent, any other Agent and, any Lender may have had notice or knowledge of any Default or incorrect
representation or warranty at the time any credit is extended under the Credit Agreement, and shall continue in full force and
effect until the Termination Date.

 

SECTION 5.06         
Counterparts; Effectiveness; Several Agreement. This Agreement may be executed in counterparts, each of which shall
constitute an original but all of which when taken together shall constitute a single contract. Delivery of an executed signature
page to this Agreement by facsimile transmission or other electronic communication (including “.pdf” or “.tif”
files) shall be as effective as delivery of a manually signed counterpart of this Agreement. This Agreement may be in the form
of an electronic record and may be executed using electronic signatures (including, without limitation, facsimile and a “pdf”)
and shall be considered an original, and shall have the same legal effect, validity and enforceability as a paper record. This
Agreement may be executed in as many counterparts as necessary or convenient, including both paper and electronic counterparts,
but all such counterparts are one and the same Agreement. For the avoidance of doubt, the authorization under this paragraph may
include, without limitation, use or acceptance by Bank of America of a manually signed paper communication which has been converted
into electronic form (such as scanned into “pdf” format), or an electronically signed communication converted into
another format, for transmission, delivery and/or retention. For the avoidance of doubt, the foregoing also applies to any amendment,
extension or renewal of this Agreement. This Agreement shall become effective as to any Grantor when a counterpart hereof executed
on behalf of such Grantor shall have been delivered to the Bridge Collateral Agent and a counterpart hereof shall have been executed
on behalf of the Bridge Collateral Agent, and thereafter shall be binding upon such Grantor and the Bridge Collateral Agent and
their respective permitted successors and assigns, and shall inure to the benefit of such Grantor, the Bridge Collateral Agent
and the other Secured Parties and their respective successors and assigns, except that no Grantor shall have the right to assign
or transfer its rights or obligations hereunder or any interest herein or in the Bridge Collateral (and any such assignment or
transfer shall be void) except as expressly contemplated by this Agreement or the Credit Agreement. This Agreement shall be construed
as a separate agreement with respect to each Grantor and may be amended, modified, supplemented, waived or released with respect
to any Grantor without the approval of any other Grantor and without affecting the obligations of any other Grantor hereunder.

 

SECTION 5.07         
Severability. Any provision of this Agreement held to be invalid, illegal or unenforceable in any jurisdiction shall,
as to such jurisdiction, be ineffective to the extent of such invalidity, illegality or unenforceability without affecting the
validity, legality and enforceability of the remaining provisions hereof; and the invalidity of a particular provision in a particular
jurisdiction shall not invalidate such provision in any other jurisdiction. The parties shall endeavor in good faith negotiations
to replace the invalid, illegal or unenforceable provisions with valid provisions the economic effect of which comes as close as
possible to that of the invalid, illegal or unenforceable provisions.

 

    -20- 

     

    

 

SECTION 5.08         
Right of Set-Off. In addition to any rights and remedies of the Secured Parties provided by Law, upon the occurrence
and during the continuance of any Event of Default, each Secured Party and its Affiliates is authorized at any time and from time
to time, without prior notice to the Borrower or any other Grantor, any such notice being waived by the Borrower (on its own behalf
and on behalf of each Grantor and its Subsidiaries) to the fullest extent permitted by applicable Law, to set off and apply any
and all deposits (general or special, time or demand, provisional or final) at any time held by, and other Indebtedness at any
time owing by, such Secured Party and its Affiliates, as the case may be, to or for the credit or the account of the respective
Grantors and their Subsidiaries against any and all Obligations owing to such Secured Party and its Affiliates hereunder or under
any other Loan Document, now or hereafter existing, irrespective of whether or not such Secured Party or Affiliate shall have
made demand under this Agreement or any other Loan Document and although such Obligations may be contingent or unmatured or denominated
in a currency different from that of the applicable deposit or Indebtedness. Each Secured Party agrees promptly to notify the
Borrower and the Administrative Agent after any such set off and application made by such Secured Party or Affiliate, as the case
may be; provided, that the failure to give such notice shall not affect the validity of such setoff and application. The
rights of each Secured Party and its Affiliates under this Section 5.08 are in addition to other rights and remedies (including
other rights of setoff) that the Secured Parties may have.

 

SECTION 5.09         
Governing Law; Jurisdiction.

 

(a)               
THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK (EXCEPT AS OTHERWISE
EXPRESSLY PROVIDED HEREIN).

 

(b)               
EXCEPT AS SET FORTH IN THE FOLLOWING PARAGRAPH, ANY LEGAL ACTION OR PROCEEDING ARISING UNDER THIS AGREEMENT OR IN ANY WAY
CONNECTED WITH OR RELATED OR INCIDENTAL TO THE DEALINGS OF THE PARTIES HERETO OR ANY OF THEM WITH RESPECT TO THIS AGREEMENT, OR
THE TRANSACTIONS RELATED THERETO, IN EACH CASE WHETHER NOW EXISTING OR HEREAFTER ARISING, SHALL BE BROUGHT IN THE COURTS OF THE
STATE OF NEW YORK SITTING IN THE BOROUGH OF MANHATTAN OR OF THE UNITED STATES FOR THE SOUTHERN DISTRICT OF SUCH STATE (PROVIDED
THAT IF NONE OF SUCH COURTS CAN AND WILL EXERCISE SUCH JURISDICTION, SUCH EXCLUSIVITY SHALL NOT APPLY), AND BY EXECUTION AND DELIVERY
OF THIS AGREEMENT, EACH GRANTOR AND THE BRIDGE COLLATERAL AGENT CONSENTS, FOR ITSELF AND IN RESPECT OF ITS PROPERTY, TO THE EXCLUSIVE
JURISDICTION OF THOSE COURTS. EACH GRANTOR AND THE BRIDGE COLLATERAL AGENT IRREVOCABLY WAIVES ANY OBJECTION, INCLUDING ANY OBJECTION
TO THE LAYING OF VENUE OR BASED ON THE GROUNDS OF FORUM NON CONVENIENS, WHICH IT MAY NOW OR HEREAFTER HAVE TO THE BRINGING OF ANY
ACTION OR PROCEEDING IN SUCH JURISDICTION IN RESPECT OF THIS AGREEMENT OR OTHER DOCUMENT RELATED HERETO.

 

NOTHING IN THIS
AGREEMENT SHALL AFFECT ANY RIGHT THAT THE BRIDGE COLLATERAL AGENT MAY OTHERWISE HAVE TO BRING ANY ACTION OR PROCEEDING
RELATING TO THIS AGREEMENT AGAINST ANY GRANTOR OR ITS PROPERTIES IN THE COURTS OF ANY JURISDICTION (I) FOR PURPOSES OF
ENFORCING A JUDGMENT, (II) IN CONNECTION WITH EXERCISING REMEDIES AGAINST THE BRIDGE COLLATERAL IN A JURISDICTION IN WHICH
SUCH BRIDGE COLLATERAL IS LOCATED, (III) IN CONNECTION WITH ANY PENDING BANKRUPTCY, INSOLVENCY OR SIMILAR PROCEEDING IN SUCH
JURISDICTION OR (IV) TO THE EXTENT THE COURTS REFERRED TO IN THE PREVIOUS PARAGRAPH DO NOT HAVE JURISDICTION OVER SUCH LEGAL
ACTION OR PROCEEDING OR THE PARTIES OR PROPERTY SUBJECT HERETO.

 

    -21- 

     

    

 

SECTION 5.10         
WAIVER OF JURY TRIAL. TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, EACH PARTY TO THIS AGREEMENT HEREBY EXPRESSLY
WAIVES ANY RIGHT TO TRIAL BY JURY OF ANY CLAIM, DEMAND, ACTION OR CAUSE OF ACTION ARISING UNDER THIS AGREEMENT OR IN ANY WAY CONNECTED
WITH OR RELATED OR INCIDENTAL TO THE DEALINGS OF THE PARTIES HERETO OR ANY OF THEM WITH RESPECT TO THIS AGREEMENT, OR THE TRANSACTIONS
RELATED THERETO, IN EACH CASE WHETHER NOW EXISTING OR HEREAFTER ARISING, AND WHETHER FOUNDED IN CONTRACT OR TORT OR OTHERWISE;
AND EACH PARTY HEREBY AGREES AND CONSENTS THAT ANY SUCH CLAIM, DEMAND, ACTION OR CAUSE OF ACTION SHALL BE DECIDED BY COURT TRIAL
WITHOUT A JURY, AND THAT ANY PARTY TO THIS AGREEMENT MAY FILE AN ORIGINAL COUNTERPART OR A COPY OF THIS SECTION 5.10 WITH ANY COURT
AS WRITTEN EVIDENCE OF THE CONSENT OF THE SIGNATORIES HERETO TO THE WAIVER OF THEIR RIGHT TO TRIAL BY JURY.

 

SECTION 5.11         
Headings. Article and Section headings and the Table of Contents used herein are for convenience of reference
only, are not part of this Agreement and are not to affect the construction of, or to be taken into consideration in interpreting,
this Agreement.

 

SECTION 5.12         
Security Interest Absolute. All rights of the Bridge Collateral Agent hereunder, the Security Interest, the grant
of a security interest in the Pledged Collateral and all obligations of each Grantor hereunder shall be absolute and unconditional
irrespective of (a) any lack of validity or enforceability of the Credit Agreement, any other Loan Document, any agreement
with respect to any of the Obligations or any other agreement or instrument relating to any of the foregoing, (b) any change
in the time, manner or place of payment of, or in any other term of, all or any of the Obligations, or any other amendment or waiver
of or any consent to any departure from the Credit Agreement, any other Loan Document or any other agreement or instrument, (c) any
exchange, release or non-perfection of any Lien on other collateral, or any release or amendment or waiver of or consent under
or departure from any guarantee, securing or guaranteeing all or any of the Obligations or (d) any other circumstance that
might otherwise constitute a defense (other than a defense of payment in full of all the Obligations) available to, or a discharge
of, any Grantor in respect of the Obligations or this Agreement.

 

SECTION 5.13         
Termination or Release.

 

(a)               
This Agreement, the Security Interest and all other security interests granted hereby shall automatically terminate on the
Termination Date with respect to all Obligations and the Liens granted hereunder shall automatically be released in accordance
with Section 9.11 of the Credit Agreement.

 

(b)               
In connection with any termination or release pursuant to paragraph (a) of this Section 5.13, the Bridge
Collateral Agent shall execute and deliver to any Grantor or authorize the filing of, at such Grantor’s expense, all documents
that such Grantor shall reasonably request to evidence such termination or release. Any execution and delivery of documents pursuant
to this Section 5.13 shall be without recourse to or warranty by the Bridge Collateral Agent.

 

SECTION 5.14          Additional
Grantors. Any Person required to become party to this Agreement pursuant to Section 6.10 of the Credit Agreement may
do so by executing and delivering a Security Agreement Supplement and/or Security Agreement Supplement for Intellectual
Property and such Person shall become a Grantor hereunder with the same force and effect as if originally named as a Grantor
herein. The execution and delivery of any such instrument shall not require the consent of any other Grantor hereunder. The
rights and obligations of each Grantor hereunder shall remain in full force and effect notwithstanding the addition of any
new Grantor as a party to this Agreement.

 

    -22- 

     

    

 

SECTION 5.15         
Bridge Collateral Agent Appointed Attorney-in-Fact. Each Grantor hereby appoints the Bridge Collateral Agent the
attorney-in-fact of such Grantor for the purpose of carrying out the provisions of this Agreement and taking any action and executing
any instrument that the Bridge Collateral Agent may deem necessary or advisable to accomplish the purposes hereof at any time after
and during the continuance of an Event of Default, which appointment is irrevocable (until the Termination Date) and coupled with
an interest. Without limiting the generality of the foregoing, the Bridge Collateral Agent shall have the right, upon the occurrence
and during the continuance of an Event of Default and notice by the Bridge Collateral Agent to the Borrower of its intent to exercise
such rights, with full power of substitution either in the Bridge Collateral Agent’s name or in the name of such Grantor
(a) to receive, endorse, assign and/or deliver any and all notes, acceptances, checks, drafts, money orders or other evidences
of payment relating to the Bridge Collateral or any part thereof; (b) to demand, collect, receive payment of, give receipt
for and give discharges and releases of all or any of the Bridge Collateral; (c) to sign the name of any Grantor on any invoice
or bill of lading relating to any of the Bridge Collateral; (d) upon prior written notice to the Borrower, to send verifications
of accounts receivable to any Account Debtor; (e) to commence and prosecute any and all suits, actions or proceedings at law
or in equity in any court of competent jurisdiction to collect or otherwise realize on all or any of the Bridge Collateral or to
enforce any rights in respect of any Bridge Collateral; (f) to settle, compromise, compound, adjust or defend any actions,
suits or proceedings relating to all or any of the Bridge Collateral; (g) upon prior written notice to the Borrower, to notify,
or to require any Grantor to notify, Account Debtors to make payment directly to the Bridge Collateral Agent; (h) to use,
sell, assign, transfer, pledge, make any agreement with respect to or otherwise deal with all or any of the Bridge Collateral,
and to do all other acts and things necessary to carry out the purposes of this Agreement, as fully and completely as though the
Bridge Collateral Agent were the absolute owner of the Bridge Collateral for all purposes and (i) to make, settle and adjust
claims in respect of Article 9 Collateral under policies of insurance, indorsing the name of such Grantor on any check, draft,
instrument or other item of payment for the proceeds of such policies of insurance and for making all determinations and decisions
with respect thereto; provided that nothing herein contained shall be construed as requiring or obligating the Bridge Collateral
Agent to make any commitment or to make any inquiry as to the nature or sufficiency of any payment received by the Bridge Collateral
Agent, or to present or file any claim or notice, or to take any action with respect to the Bridge Collateral or any part thereof
or the moneys due or to become due in respect thereof or any property covered thereby. The Bridge Collateral Agent and the other
Secured Parties shall be accountable only for amounts actually received as a result of the exercise of the powers granted to them
herein, and neither they nor their officers, directors, employees or agents shall be responsible to any Grantor for any act or
failure to act hereunder, except for their own gross negligence, bad faith or willful misconduct or that of any of their Affiliates
or controlling Persons or any of the directors, officers, employees, agents, advisors or members of any of the foregoing.

 

SECTION 5.16          General
Authority of the Bridge Collateral Agent. By acceptance of the benefits of this Agreement and any other Collateral
Documents, each Secured Party (whether or not a signatory hereto) shall be deemed irrevocably (a) to consent to the
appointment of the Bridge Collateral Agent as its agent hereunder and under such other Collateral Documents, (b) to
confirm that the Bridge Collateral Agent shall have the authority to act as the exclusive agent of such Secured Party for the
enforcement of any provisions of this Agreement and such other Collateral Documents against any Grantor, the exercise of
remedies hereunder or thereunder and the giving or withholding of any consent or approval hereunder or thereunder relating to
any Bridge Collateral or any Grantor’s obligations with respect thereto, (c) to agree that it shall not take any
action to enforce any provisions of this Agreement or any other Collateral Document against any Grantor, to exercise any
remedy hereunder or thereunder or to give any consents or approvals hereunder or thereunder except as expressly provided in
this Agreement or any other Collateral Document and (d) to agree to be bound by the terms of this Agreement and any
other Collateral Documents.

 

    -23- 

     

    

 

SECTION 5.17         
ABL Intercreditor Agreement.

 

(a)               
Notwithstanding anything herein to the contrary, the Liens and the Security Interest granted to the Bridge Collateral Agent
under this Agreement and the exercise of the rights and remedies of the Bridge Collateral Agent hereunder and under any other Collateral
Document are subject to the provisions of the ABL Intercreditor Agreement. In the event of any conflict between the terms of the
ABL Intercreditor Agreement and this Agreement or any other Collateral Document, the terms of the ABL Intercreditor Agreement shall
govern and control.

 

(b)               
In accordance with the terms of the ABL Intercreditor Agreement, all ABL Priority Collateral delivered to the ABL Agent
shall be held by the ABL Agent as gratuitous bailee for the Secured Parties solely for the purpose of perfecting the security interest
granted under this Agreement. Notwithstanding anything herein to the contrary, prior to the Discharge of ABL Obligations, to the
extent any Grantor is required hereunder to deliver ABL Priority Collateral to the Bridge Collateral Agent and is unable to do
so as a result of having previously delivered such ABL Priority Collateral to the ABL Agent in accordance with the terms of the
ABL Debt Documents, such Grantor’s obligations hereunder with respect to such delivery shall be deemed satisfied by the delivery
to the ABL Agent, acting as gratuitous bailee of the Bridge Collateral Agent. 

 

(c)               
Furthermore, at all times prior to the Discharge of ABL Obligations, the Bridge Collateral Agent is authorized by the parties
hereto to effect transfers of ABL Priority Collateral at any time in its possession (and any “control” or similar agreements
with respect to ABL Priority Collateral) to the ABL Agent.

 

(d)               
Notwithstanding anything to the contrary herein but subject to the ABL Intercreditor Agreement, in the event the ABL Debt
Documents provide for the grant of a security interest or pledge over the assets of any Grantor and such assets do not otherwise
constitute Bridge Collateral under this Agreement or any other Loan Document, such Grantor shall (i) promptly grant a security
interest in or pledge such assets to secure the secured Obligations, (ii) promptly take any actions necessary to perfect such security
interest or pledge to the extent set forth in the ABL Debt Documents and (iii) take all other steps reasonably requested by the
Bridge Collateral Agent in connection with the foregoing.

 

(e)               
Nothing contained in the ABL Intercreditor Agreement shall be deemed to modify any of the provisions of this Agreement,
which, as among the Grantors and the Bridge Collateral Agent shall remain in full force and effect in accordance with its terms.

 

(f)                
Terms used in this Section 5.17 and not otherwise defined herein shall have the meanings given to such terms in the ABL
Intercreditor Agreement.

 

SECTION 5.18         
Pari Passu Intercreditor Agreement(a).

 

(a)                Notwithstanding
anything herein to the contrary, the Liens and the Security Interest granted to the Bridge Collateral Agent under this
Agreement and the exercise of the rights and remedies of the Bridge Collateral Agent hereunder and under any other Collateral
Document are subject to the provisions of the Pari Passu Intercreditor Agreement. In the event of any conflict between the
terms of the Pari Passu Intercreditor Agreement and this Agreement or any other Collateral Document (other than the ABL
Intercreditor Agreement), the terms of the Pari Passu Intercreditor Agreement shall govern and control.

 

    -24- 

     

    

 

(b)               
Notwithstanding anything to the contrary herein but subject to the Pari Passu Intercreditor Agreement, in the event the
First Lien Loan Documents provide for the grant of a security interest or pledge over the assets of any Grantor and such assets
do not otherwise constitute Bridge Collateral under this Agreement or any other Loan Document, such Grantor shall, (i) promptly
grant a security interest in or pledge such assets to secure the secured Obligations, (ii) promptly take any actions necessary
to perfect such security interest or pledge to the extent set forth in the First Lien Loan Documents and (iii) take all other steps
reasonably requested by the Bridge Collateral Agent in connection with the foregoing.

 

(c)               
Nothing contained in the Pari Passu Intercreditor Agreement shall be deemed to modify any of the provisions of this Agreement,
which, as among the Grantors and the Bridge Collateral Agent shall remain in full force and effect in accordance with its terms.

 

[Remainder of Page
Intentionally Blank]

 

    -25- 

     

    

 

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

 

	 	UTZ
BRANDS HOLDINGS, LLC,

                                                                          (f/k/a UM-U Intermediate, LLC),

                                                                          a Delaware limited liability company,

as the Parent and a Guarantor

	 	 
	 	By: 	/s/
Dylan B. Lissette
	 	 	Name:
Dylan B. Lissette

	 	 	Title: Chief Executive Officer
	 	 	 
	 	UTZ
QUALITY FOODS, LLC,

                                                                          a Delaware limited liability company

as Borrower and as a Guarantor

	 	 
	 	By:	/s/
Dylan B. Lissette
	 	 	Name:
Dylan B. Lissette

	 	 	Title: Chief Executive Officer
	 	 	 
	 	GOLDEN FLAKE SNACK FOODS, INC.,

                                                                          a Delaware corporation,

as a Guarantor

	 	 
	 	By:	/s/ Dylan B. Lissette
	 	 	Name: Dylan B. Lissette
	 	 	Title: Chief Executive Officer

 

     

     

    

 

	 	CONDOR SNACK FOODS, LLC,

a Delaware limited liability company

 

GH POP HOLDINGS LLC,

a Pennsylvania limited liability company

 

GOOD HEALTH NATURAL PRODUCTS, LLC

a Delaware limited liability company

 

HERON HOLDING CORPORATION,

a Delaware corporation

 

INVENTURE - GA, INC.,

a Delaware corporation

 

INVENTURE FOODS, INC.,

a Delaware corporation

 

LA COMETA PROPERTIES, INC.,

an Arizona corporation

 

SNIKIDDY, LLC,

a Delaware limited liability company

 

SRS LEASING - GRAMERCY GP, LLC

a Pennsylvania limited liability company

 

SRS LEASING II - GITTS RUN GP, LLC

a Pennsylvania limited liability company

 

TEJAS PB DISTRIBUTING, INC.,

an Arizona corporation

 

UTZTRAN, L.L.C.,

a Pennsylvania limited liability company

 

KITCHEN COOKED, INC.,

an Illinois
corporation

 

FLAMINGO HOLDINGS, LLC

a Delaware limited liability company

 

KENNEDY ENDEAVORS, LLC,

a Washington limited liability company,

each
as a Guarantor

	 	 
	 	By: 	/s/ Dylan B. Lissette
	 	 	Name: Dylan B. Lissette
	 	 	Title: Chief Executive Officer

 

     

     

    

 

	 	SRS LEASING-GRAMERCY,
    LP,
	 	a Pennsylvania
    limited partnership,
	 	as a Guarantor
	 	By: 	SRS Leasing
    - Gramercy GP, LLC
	 	Its: 	General Partner
	 	 
	 	By: 	/s/ Dylan B. Lissette
	 	 	Name: Dylan B. Lissette
	 	 	Title: Chief Executive
    Officer
	 	 
	 	SRS LEASING
    II - GITTS RUN, LP,
	 	a Pennsylvania
    limited partnership,
	 	as a Guarantor
	 	By: 	SRS Leasing II - Gitts
    Run GP, LLC
	 	Its: 	General Partner
	 	 	 
	 	By: 	/s/ Dylan B. Lissette
	 	 	Name: Dylan B. Lissette
	 	 	Title: Chief Executive
    Officer

 

     

     

    

 

	 	TRUCO
    HOLDCO INC.,
	 	a Delaware corporation
	 	 
	 	MERIDIAN
    DISTRIBUTION COMPANY,
	 	a Delaware corporation
	 	 
	 	MERIDIAN
    BRANDS, INC.,
	 	a Delaware Corporation
	 	 
	 	TRUCO
    GP, INC.,
	 	a Delaware corporation,
	 	each as a Guarantor
	 	 
	 	By: 	/s/ Dylan B. Lissette
	 	 	Name: Dylan B. Lissette
	 	 	Title: Chief Executive Officer
	 	 
	 	TRUCO
    ENTERPRISES, LP,
	 	a Delaware limited partnership,
	 	as a Guarantor 
	 	By: Truco GP, Inc.
	 	Its: General Partner
	 	 
	 	By: 	/s/ Dylan B. Lissette
	 	 	Name: Dylan B. Lissette
	 	 	Title: Chief Executive Officer

 

     

     

    

 

	 	Bank
of America, N.A.,

                                                                                                     as Bridge
Collateral
Agent

	 	 
	 	By:	/s/ Lisa Berishaj
	 	 	Name:
Lisa Berishaj

	 	 	Title: Assistant Vice President

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