Document:

EX-10.1

 Exhibit 10.1 

Execution Version 
  

FOURTH AMENDED AND RESTATED 

ASSET-BASED REVOLVING CREDIT AGREEMENT 

Dated as of December 20, 2021 

among 
 Albertsons Companies, Inc.

 as the Lead Borrower 
 for

 The Subsidiary Borrowers Named Herein 

The Guarantors Named Herein 
 Bank
of America, N.A., 
 as Administrative Agent and Collateral Agent 

and 
 The Lenders Party Hereto

 Bank of America, N.A., 
 Wells
Fargo Bank, National Association 
 Bank of Montreal, 

Barclays Bank PLC, 
 Citibank, N.A.,

 Credit Suisse Loan Funding LLC, 

Deutsche Bank Securities, Inc., 

Fifth Third Bank, National Association, 

Goldman Sachs Bank USA, 
 JPMorgan
Chase Bank, N.A., 
 Morgan Stanley Senior Funding, Inc., 

MUFG Union Bank, N.A., 
 PNC Capital
Markets LLC, 
 RBC Capital Markets1, 

Truist Securities, Inc. 
 TD Bank,
N.A. 
 and 
 U.S. Bank National
Association, 
 as Joint Lead Arrangers, Joint Bookrunners and Co-Syndication Agents 

 
  
  

 

	1 	 RBC Capital Markets is a marketing name for the capital markets activities of Royal Bank of Canada and its
affiliates. 

							
		  	TABLE OF CONTENTS	  			
			
	 	  	 	  	Page	 
			
		  	ARTICLE I	  			
		  	DEFINITIONS AND ACCOUNTING TERMS	  			
			
	 1.01
	  	Defined Terms	  	 	1	 
	 1.02
	  	Other Interpretive Provisions	  	 	88	 
	 1.03
	  	Accounting Terms	  	 	89	 
	 1.04
	  	Rounding	  	 	90	 
	 1.05
	  	Times of Day	  	 	90	 
	 1.06
	  	Pro Forma Calculations	  	 	90	 
	 1.07
	  	Letter of Credit Amounts	  	 	91	 
	 1.08
	  	Certifications	  	 	91	 
	 1.09
	  	Effect of Restatement	  	 	92	 
	 1.10
	  	Divisions	  	 	92	 
			
		  	ARTICLE II	  			
		  	THE COMMITMENTS AND CREDIT EXTENSIONS	  			
			
	 2.01
	  	Loans; Reserves	  	 	92	 
	 2.02
	  	Borrowings, Conversions and Continuations of Revolving Loans and FILO Loans	  	 	93	 
	 2.03
	  	Letters of Credit	  	 	95	 
	 2.04
	  	Swing Line Loans	  	 	105	 
	 2.05
	  	Prepayments	  	 	108	 
	 2.06
	  	Termination or Reduction of Commitments	  	 	110	 
	 2.07
	  	Repayment of Loans	  	 	111	 
	 2.08
	  	Interest	  	 	111	 
	 2.09
	  	Fees	  	 	112	 
	 2.10
	  	Computation of Interest and Fees	  	 	112	 
	 2.11
	  	Evidence of Debt	  	 	112	 
	 2.12
	  	Payments Generally; Administrative Agent’s Clawback	  	 	113	 
	 2.13
	  	Sharing of Payments by Lenders	  	 	115	 
	 2.14
	  	Settlement Amongst Revolving Lenders	  	 	116	 
	 2.15
	  	Increase in Revolving Commitments and Additional FILO Loans	  	 	117	 
	 2.16
	  	Extensions of Revolving Commitments and FILO Loans	  	 	121	 
			
		  	ARTICLE III	  			
		  	TAXES, YIELD PROTECTION AND ILLEGALITY;	  			
		  	APPOINTMENT OF LEAD BORROWER	  			
			
	 3.01
	  	Taxes	  	 	123	 
	 3.02
	  	Illegality	  	 	127	 
	 3.03
	  	Inability to Determine Rates	  	 	127	 

  
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	 	  	 	  	Page	 
	 3.04
	  	Increased Costs; Reserves on LIBO Rate Loans	  	 	129	 
	 3.05
	  	Compensation for Losses	  	 	131	 
	 3.06
	  	Mitigation Obligations; Replacement of Lenders	  	 	131	 
	 3.07
	  	Survival	  	 	132	 
	 3.08
	  	Designation of Lead Borrower as Borrowers’ Agent	  	 	132	 
			
		  	ARTICLE IV	  			
		  	CONDITIONS PRECEDENT TO CREDIT EXTENSIONS	  			
			
	 4.01
	  	Conditions of Initial Credit Extensions	  	 	132	 
	 4.02
	  	Conditions to All Credit Extensions	  	 	135	 
			
		  	ARTICLE V	  			
		  	REPRESENTATIONS AND WARRANTIES	  			
			
	 5.01
	  	Existence, Qualification and Power	  	 	136	 
	 5.02
	  	Authorization; No Contravention	  	 	137	 
	 5.03
	  	Governmental Authorization; Other Consents	  	 	137	 
	 5.04
	  	Binding Effect	  	 	137	 
	 5.05
	  	Financial Statements; No Material Adverse Effect	  	 	137	 
	 5.06
	  	Litigation	  	 	138	 
	 5.07
	  	No Default	  	 	138	 
	 5.08
	  	Ownership of Property; Liens	  	 	138	 
	 5.09
	  	Environmental Compliance	  	 	139	 
	 5.10
	  	Taxes	  	 	139	 
	 5.11
	  	ERISA Compliance	  	 	139	 
	 5.12
	  	Subsidiaries; Equity Interests	  	 	140	 
	 5.13
	  	Margin Regulations; Investment Company Act	  	 	140	 
	 5.14
	  	Disclosure	  	 	141	 
	 5.15
	  	Compliance with Laws	  	 	141	 
	 5.16
	  	Intellectual Property; Licenses, Etc.	  	 	141	 
	 5.17
	  	Labor Matters	  	 	141	 
	 5.18
	  	Security Documents	  	 	142	 
	 5.19
	  	Solvency	  	 	143	 
	 5.20
	  	Deposit Accounts; Credit Card Arrangements	  	 	143	 
	 5.21
	  	[Reserved]	  	 	143	 
	 5.22
	  	[Reserved]	  	 	143	 
	 5.23
	  	Material Contracts	  	 	143	 
	 5.24
	  	[Reserved]	  	 	143	 
	 5.25
	  	Pharmaceutical Laws	  	 	144	 
	 5.26
	  	HIPAA Compliance	  	 	144	 
	 5.27
	  	Compliance With Health Care Laws	  	 	144	 
	 5.28
	  	[Reserved]	  	 	145	 
	 5.29
	  	 Notices from Farm Products Sellers, etc.
	  	 	145	 
	 5.30
	  	 USA PATRIOT Act Notice
	  	 	146	 

  
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	 	  	 	  	Page	 
	 5.31
	  	 Office of Foreign Assets Control
	  	 	146	 
	 5.32
	  	 Use of Proceeds
	  	 	146	 
	 5.33
	  	 Anti-Money Laundering
	  	 	146	 
	 5.34
	  	 FCPA
	  	 	147	 
	 5.35
	  	 Beneficial Ownership
	  	 	147	 
	ARTICLE VI	  

	AFFIRMATIVE COVENANTS	  

	 6.01
	  	 Financial Statements
	  	 	147	 
	 6.02
	  	 Certificates; Other Information
	  	 	149	 
	 6.03
	  	 Notices
	  	 	151	 
	 6.04
	  	 Payment of Obligations
	  	 	151	 
	 6.05
	  	 Preservation of Existence, Etc.
	  	 	152	 
	 6.06
	  	 Maintenance of Properties
	  	 	152	 
	 6.07
	  	 Maintenance of Insurance
	  	 	152	 
	 6.08
	  	 Compliance with Laws
	  	 	153	 
	 6.09
	  	 Books and Records
	  	 	153	 
	 6.10
	  	 Inspection Rights
	  	 	153	 
	 6.11
	  	 Additional Loan Parties
	  	 	155	 
	 6.12
	  	 Cash Management
	  	 	155	 
	 6.13
	  	 Information Regarding the Collateral
	  	 	157	 
	 6.14
	  	 Physical Inventories
	  	 	158	 
	 6.15
	  	 [Reserved]
	  	 	158	 
	 6.16
	  	 Further Assurances
	  	 	158	 
	 6.17
	  	 [Reserved]
	  	 	159	 
	 6.18
	  	 [Reserved]
	  	 	159	 
	 6.19
	  	 ERISA
	  	 	159	 
	 6.20
	  	 Post-Closing Collateral Actions
	  	 	159	 
	 6.21
	  	 Post-Closing Matters
	  	 	159	 
	ARTICLE VII	  

	NEGATIVE COVENANTS	  

	 7.01
	  	 Liens
	  	 	160	 
	 7.02
	  	 Investments
	  	 	160	 
	 7.03
	  	 Indebtedness; Disqualified Stock
	  	 	160	 
	 7.04
	  	 Fundamental Changes
	  	 	160	 
	 7.05
	  	 Dispositions
	  	 	161	 
	 7.06
	  	 Restricted Payments
	  	 	161	 
	 7.07
	  	 Prepayments of Indebtedness
	  	 	164	 
	 7.08
	  	 Change in Nature of Business
	  	 	165	 
	 7.09
	  	 Transactions with Affiliates
	  	 	165	 
	 7.10
	  	 Burdensome Agreements
	  	 	169	 
	 7.11
	  	Use of Proceeds	  	 	170	 

  
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	 	  	 	  	Page	 
	 7.12
	  	Amendment of Material Documents	  	 	170	 
	 7.13
	  	Fiscal Year/Quarter	  	 	171	 
	 7.14
	  	Deposit Accounts; Credit Card Processors	  	 	171	 
	 7.15
	  	[Reserved]	  	 	171	 
	 7.16
	  	Consolidated Fixed Charge Coverage Ratio	  	 	171	 
	
	ARTICLE VIII	  

	EVENTS OF DEFAULT AND REMEDIES	  

			
	 8.01
	  	 Events of Default
	  	 	171	 
	 8.02
	  	Remedies Upon Event of Default	  	 	174	 
	 8.03
	  	Application of Funds	  	 	175	 
	 8.04
	  	Cure Rights	  	 	178	 
	
	ARTICLE IX	  

	ADMINISTRATIVE AGENT	  

			
	 9.01 
	  	Appointment and Authority	  	 	179	 
	 9.02
	  	Rights as a Lender	  	 	179	 
	 9.03
	  	Exculpatory Provisions	  	 	180	 
	 9.04
	  	Reliance by Agents	  	 	181	 
	 9.05
	  	Delegation of Duties	  	 	181	 
	 9.06
	  	Resignation of Agents	  	 	182	 
	 9.07
	  	Non-Reliance on Administrative Agent and Other Lenders	  	 	182	 
	 9.08
	  	No Other Duties, Etc.	  	 	183	 
	 9.09
	  	Administrative Agent May File Proofs of Claim	  	 	183	 
	 9.10
	  	Collateral and Guaranty Matters	  	 	183	 
	 9.11
	  	Notice of Transfer	  	 	184	 
	 9.12
	  	Reports and Financial Statements	  	 	185	 
	 9.13
	  	Agency for Perfection	  	 	186	 
	 9.14
	  	Indemnification of Agents	  	 	186	 
	 9.15
	  	Relation Among Lenders	  	 	186	 
	 9.16
	  	Defaulting Lender	  	 	186	 
	 9.17
	  	Withholding Tax	  	 	188	 
	 9.18
	  	Intercreditor Agreements	  	 	189	 
	 9.19
	  	Disqualified Institutions	  	 	189	 
	 9.20
	  	ERISA Representation.	  	 	189	 
	 9.21
	  	Recovery of Erroneous Payments	  	 	190	 
	
	ARTICLE X	  

	MISCELLANEOUS 	  

			
	 10.01
	  	 Amendments, Etc.
	  	 	191	 
	 10.02
	  	Notices; Effectiveness; Electronic Communications	  	 	193	 
	10.03	  	No Waiver; Cumulative Remedies	  	 	195	 

  
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	 	  	 	  	Page	 
	10.04	  	Expenses; Indemnity; Damage Waiver	  	 	196	 
	10.05	  	Payments Set Aside	  	 	198	 
	10.06	  	Successors and Assigns	  	 	198	 
	10.07	  	Treatment of Certain Information; Confidentiality	  	 	202	 
	10.08	  	Right of Setoff	  	 	203	 
	10.09	  	Interest Rate Limitation	  	 	204	 
	10.10	  	Integration; Effectiveness; Counterparts	  	 	204	 
	10.11	  	Survival	  	 	205	 
	10.12	  	Severability	  	 	206	 
	10.13	  	Replacement of Lenders	  	 	206	 
	10.14	  	Governing Law; Jurisdiction; Etc.	  	 	207	 
	10.15	  	Waiver of Jury Trial	  	 	208	 
	10.16	  	No Advisory or Fiduciary Responsibility	  	 	208	 
	10.17	  	USA Patriot Act	  	 	209	 
	10.18	  	Time of the Essence	  	 	209	 
	10.19	  	Press Releases	  	 	209	 
	10.20	  	Additional Waivers	  	 	210	 
	10.21	  	No Strict Construction	  	 	211	 
	10.22	  	Attachments	  	 	211	 
	10.23	  	Conflict of Terms	  	 	212	 
	10.24	  	Acknowledgement and Consent to Bail-In of Affected Financial Institutions	  	 	212	 
	10.25	  	Acknowledgement Regarding Supported QFCs	  	 	212	 

							
			
	 SIGNATURES
	  		  	 	S-1	 

  
 -v- 

 SCHEDULES 

 

					
		 	 1.01
	 	Initial Subsidiary Borrowers
		 	 1.02
	 	Accounting Periods
		 	 1.03
	 	Real Estate Subsidiaries
		 	 1.04
	 	Unrestricted Subsidiaries
		 	 1.05
	 	L/C Issuer Sublimits
		 	 2.01
	 	Commitments and Applicable Percentages
		 	 4.01
	 	Restatement Effective Date Documents
		 	 5.01
	 	Loan Parties Organizational Information
		 	 5.06
	 	Litigation
		 	 5.09
	 	Environmental Matters
		 	 5.12
	 	Subsidiaries; Other Equity Investments
		 	 5.16
	 	Intellectual Property Matters
		 	 5.18
	 	Collective Bargaining Agreements
		 	 5.20(a)
	 	DDAs
		 	 5.20(b)
	 	Credit Card Arrangements
		 	 6.02
	 	Financial and Collateral Reporting
		 	 6.20
	 	Post-Closing Collateral Actions
		 	 6.21
	 	Post-Closing Matters
		 	 7.01
	 	Existing Liens
		 	 7.02
	 	Existing Investments
		 	 7.03
	 	Existing Indebtedness
		 	 7.09
	 	Existing Affiliate Transactions
		 	 10.02
	 	Administrative Agent’s Office; Certain Addresses for Notices

EXHIBITS 
  

					
		 	 Form of
	 	
		 	 A
	 	 Committed Loan Notice

		 	 B
	 	 Swing Line Loan Notice

		 	 C
	 	 Assignment and Assumption

		 	 D
	 	 Borrowing Base Certificate

		 	 E
	 	 Solvency Certificate

		 	 F
	 	 U.S. Tax Compliance Certificate

		 	 G
	 	 Compliance Certificate

  
 -vi- 

 ASSET-BASED REVOLVING CREDIT AGREEMENT 

This FOURTH AMENDED AND RESTATED ASSET-BASED REVOLVING CREDIT AGREEMENT (“Agreement”) is entered into as of December 20,
2021 among Albertsons Companies, Inc., a Delaware corporation (the “Lead Borrower”), the Subsidiaries of the Lead Borrower named on Schedule 1.01 hereto (the “Subsidiary Borrowers” and, together with the Lead
Borrower and each other Person that becomes a Borrower hereunder in accordance with the terms hereof, collectively, the “Borrowers”), the Guarantors, each lender from time to time party hereto (collectively, the
“Lenders” and individually, a “Lender”), each L/C Issuer (as defined below) from time to time party hereto and Bank of America, N.A. as Administrative Agent and Collateral Agent. 

PRELIMINARY STATEMENTS 

WHEREAS, the Lead Borrower, certain of the Subsidiary Borrowers and Guarantors, Bank of America, N.A., as Administrative Agent and Collateral
Agent and the other financial institutions party thereto are party to that certain Third Amended and Restated Asset-Based Revolving Credit Agreement dated as of November 16, 2018 (the “Existing Credit Agreement”). 

WHEREAS, the parties hereto agreed to amend and restate the Existing Credit Agreement in order to replace the credit facilities under the
Existing Credit Agreement with the facilities provided in this Agreement. 
 In consideration of the mutual covenants and agreements herein
contained, the parties hereto covenant and agree as follows: 
 ARTICLE I 

DEFINITIONS AND ACCOUNTING TERMS 

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

“2037 ASC Debenture Obligations” has the meaning set forth in the Security Agreement. 

“2037 ASC Debentures” means the 7.50% Debentures due May 2037 issued under the ASC Indenture outstanding on the Fourth
Restatement Effective Date in an aggregate principal amount not to exceed $143,000. 
 “ABL Priority Collateral” means all
Collateral consisting of the following: 
 (i) all Inventory; 

(ii) all contracts and Documents that evidence the ownership of or right to receive or possess, or that otherwise relate to,
any Inventory, including, without limitation, contracts and documents that relate to the acquisition or sale or other disposition of any Inventory; 

 (iii) all rights of an unpaid vendor with respect to Inventory; 

(iv) all Accounts and Receivables; 

(v) all Chattel Paper arising out of, relating to or given in settlement of any other ABL Priority Collateral, 

(vi) all Scripts and prescription files; 

(vii) all Deposit Accounts and Securities Accounts and the contents thereof (but excluding on any date amounts on deposit
therein that are traceable to and identifiable on such date as the direct cash proceeds of CF Debt Priority Collateral); 

(viii) all General Intangibles (other than any Equity Interests of the Company or any of its Subsidiaries owned by a Loan Party
and any IP Collateral), Instruments, Documents, Letter of Credit Rights, Commercial Tort Claims or other claims and causes of action and Supporting Obligations in each case, to the extent evidencing, securing, governing or otherwise related
primarily to any other ABL Priority Collateral; 
 (ix) all books and Records, in each case relating to the foregoing
(including any data bases and related data processing software, which contain any info relating to any of the foregoing); 

(x) the proceeds of any or all of the foregoing of any business interruption insurance; and 

(xi) all substitutions for and replacements, products, accessions, rents, profits and cash and
non-Cash Proceeds of any of the foregoing items of ABL Priority Collateral, including, without limitation, Proceeds of any insurance policies, claims against third parties, and condemnation or requisition
payments with respect to all or any of the foregoing items of ABL Priority Collateral. 
 For purposes of the foregoing, all terms defined
in the UCC but not otherwise defined in this Agreement shall have the same meanings herein as are assigned thereto in the UCC. For the avoidance of doubt, (A) no proceeds of loans incurred hereunder shall constitute ABL Priority Collateral to
the extent that the proceeds thereof are used to acquire assets or property that would otherwise constitute CF Debt Priority Collateral and (B) any assets or property that constitute CF Debt Priority Collateral and that are purchased with funds
in any disbursement account of a Grantor (as defined in the Intercreditor Agreement) shall not constitute ABL Priority Collateral. 

“Accelerated Borrowing Base Delivery Event” means either (i) the occurrence and continuance of any Event of Default, or
(ii) the failure of the Borrowers to maintain an Excess Availability Percentage at least equal to twelve and a half percent (12.5%) for at least five (5) consecutive Business Days. For purposes of this Agreement, the occurrence of an
Accelerated Borrowing Base Delivery Event shall be deemed continuing (i) so long as such Event of Default has not been waived, and/or (ii) if the Accelerated Borrowing Base Delivery Event arises as a

  
 -2- 

 
result of the Borrowers’ failure to achieve the Excess Availability Percentage as required hereunder, until the Excess Availability Percentage is equal to or greater than twelve and a half
percent (12.5%) for thirty (30) consecutive calendar days, in which case an Accelerated Borrowing Base Delivery Event shall no longer be deemed to be continuing for purposes of this Agreement. The termination of an Accelerated Borrowing Base
Delivery Event as provided herein shall in no way limit, waive or delay the occurrence of a subsequent Accelerated Borrowing Base Delivery Event in the event that the conditions set forth in this definition again arise. 

“Accommodation Payment” has the meaning provided in Section 10.20(d). 

“Account” means “accounts” as defined in the UCC, and also means a right to payment of a monetary obligation
whether or not constituting “accounts” as defined in the UCC, whether or not earned by performance, (a) for property that has been or is to be sold, leased, licensed, assigned, or otherwise disposed of, (b) for services rendered
or to be rendered, or (c) arising out of the use of a credit or charge card or information contained on or for use with the card. The term “Account” includes Health-Care-Insurance Receivables (as defined in the UCC). 

“Accounting Period” means, subject to Section 7.13, the Lead Borrower’s four (4) week accounting periods as
set forth on Schedule 1.02 hereto. 
 “ACH” means automated clearing house transfers. 

“Acquisition” means, with respect to any Person (a) a purchase of a Controlling interest in the Equity Interests of any
other Person, (b) a purchase or other acquisition of all or substantially all of the assets or properties of another Person or of any business unit of another Person, (c) any merger or consolidation of such Person with any other Person or
other transaction or series of transactions resulting in the acquisition of all or substantially all of the assets, or a Controlling interest in the Equity Interests, of any Person, or (d) any acquisition of any Store locations or other
operating assets of any Person (other than Stores received in an exchange or acquired with the proceeds of a Disposition described in clause (q) of the definition of “Permitted Dispositions”), in each case, for which the aggregate
consideration payable in connection with such acquisition or group of transactions which are part of a common plan is $75,000,000 or more. 

“Additional Commitments” means an Additional Revolving Commitment or a commitment to provide Additional FILO Loans. 

“Additional FILO Lender” has the meaning provided in Section 2.15(II)(c). 

“Additional FILO Loans” has the meaning provided in Section 2.15(II)(a). 

“Additional Revolving Commitments” has the meaning provided in Section 2.15(I)(a). 

“Additional Revolving Lender” has the meaning provided in Section 2.15(I)(d). 

“Adjusted LIBO Rate” means, with respect to any LIBOR Borrowing for any Interest Period, an interest rate per annum equal to
the LIBO Rate for such Interest Period multiplied by the Statutory Reserve Rate. The Adjusted LIBO Rate will be adjusted automatically as to all LIBOR Borrowings then outstanding as of the effective date of any change in the Statutory Reserve Rate.

  
 -3- 

 “Adjusted Payment Conditions” means, at the time of determination with
respect to any specified transaction or payment, that (a) no Default or Event of Default then exists or would arise as a result of entering into such transaction or the making of such payment, and (b) either (x) (i) before and after
giving effect to such transaction or payment, the Excess Availability Percentage will be equal to or greater than twelve and a half percent (12.5%) as at such date and on a pro forma basis for the preceding thirty (30) calendar day period, and
(ii) the pro forma Consolidated Fixed Charge Coverage Ratio calculated for the most recently ended trailing thirteen (13) four (4) week Accounting Period for which financial statements were required to be delivered pursuant to
Section 6.01 hereof, after giving effect to such transaction or payment shall be greater than 1.00:1.00 or (y) before and after giving effect to such transaction or payment, the Excess Availability Percentage will be equal to or greater
than fifteen percent (15.0%) as at such date and on a pro forma basis for the preceding thirty (30) calendar day period. Subject to Section 1.06(e), prior to consummating any transaction or making a payment which is
subject to the Adjusted Payment Conditions, the Loan Parties shall deliver to the Administrative Agent an officer’s certificate (1) confirming that no Default or Event of Default then exists or would arise as a result of entering into such
transaction or the making of such payment and (2) setting forth calculations showing satisfaction of the conditions contained in clause (b) above which shall be in detail reasonably satisfactory to the Administrative Agent; provided
that no certificate shall be required to be delivered to the Administrative Agent with respect to (i) any transaction or payment or series of related transactions or payments involving consideration of less than $25,000,000 or (ii) if the
Excess Availability Percentage condition set forth in clause (b)(y) of the previous sentence would be satisfied substituting thirty percent (30%) for fifteen percent (15.0%), any transaction or payment involving consideration of less than
$200,000,000. 
 “Adjustment Date” means the first day of each Quarterly Accounting Period, commencing with the first such
day following the first full Quarterly Accounting Period ending after the Fourth Restatement Effective Date. 
 “Administrative
Agent” means Bank of America, in its capacity as administrative agent under any of the Loan Documents, or any successor administrative agent hereunder. 

“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 Lead Borrower and the Lenders. 

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

“Affected Financial Institution” means any EEA Financial Institution or UK Financial Institution. 

  
 -4- 

 “Affiliate” means, with respect to any Person, (a) 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, (b) any director, officer, managing member, partner, trustee, or beneficiary of that Person, and
(c) any Person which beneficially owns or holds ten percent (10%) or more of any class of Voting Stock of such Person. 

“Affiliated Debt Fund” means an Equity Investor Affiliated Lender that is a bona fide diversified debt fund 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 or securities in the ordinary course. 

“Agent(s)” means, individually, the Administrative Agent, the Collateral Agent, the Arrangers and the Co-Syndication Agents and collectively means all of them. 
 “Agent Parties” has the
meaning provided in Section 10.02(c). 
 “Aggregate Revolving Commitments” means the Revolving Commitments of all the
Lenders. As of the Fourth Restatement Effective Date, the Aggregate Revolving Commitments total $4,000,000,000. 

“Agreement” means this Credit Agreement. 

“Albertson’s Credit Card” means any private label credit card issued by any Loan Party to customers or prospective
customers. 
 “Albertson’s Group” means, collectively, the Lead Borrower and its Subsidiaries (but excluding, for all
purposes other than the financial statements, Unrestricted Subsidiaries). 
 “Albertson’s Private Label Accounts”
means mean all Accounts (including rights to payment of finance charges, interest or fees) due to any Loan Party pursuant to an Albertson’s Credit Card and any revolving charge accounts maintained by any Loan Party for any of its retail
customers. 
 “Allocable Amount” has the meaning provided in Section 10.20(d). 

“Applicable Lenders” means the Required Lenders, the Required FILO Lenders, the Required Revolving Lenders, the Supermajority
Lenders, all affected Lenders, or all Lenders, as the context may require. 
 “Applicable Margin” means: 

(a) From and after the Fourth Restatement Effective Date until the first Adjustment Date, the percentages set forth in Level I
of the pricing grid below; and 
 (b) From and after the first Adjustment Date and on each Adjustment Date thereafter, the
Applicable Margin shall be determined from the following pricing grid 

  
 -5- 

 
based upon the Average Daily Excess Availability Percentage for the most recent Quarterly Accounting Period ended immediately preceding such Adjustment Date; provided, however, if
any Borrowing Base Certificates are at any time restated or otherwise revised (including as a result of an audit) or if the information set forth in any Borrowing Base Certificates otherwise proves to be false or incorrect such that the Applicable
Margin would have been higher than was otherwise in effect during any period, without constituting a waiver of any Default or Event of Default arising as a result thereof, interest due under this Agreement shall be immediately recalculated at such
other rate for any applicable periods and shall be due and payable within ten (10) Business Days after demand from the Administrative Agent if such other rate would have been higher. 

 

											
	 Level
	  	 Average Daily Excess
Availability
Percentage
	  	LIBOR
Margin	 	 	Base Rate
Margin	 
	 I
	  	Greater than or equal to 50%	  	 	1.25	% 	 	 	0.25	% 
	 II
	  	Less than 50%	  	 	1.50	% 	 	 	0.50	% 

 “Applicable Percentage” means with respect to any Lender at any time, (i) with respect
to any Class of FILO Loans, the percentage (carried out to the ninth decimal place) of the aggregate principal amount of FILO Loans of such Class at such time represented by the FILO Loan of such Lender of such Class at such time and
(ii) with respect to the Revolving Commitments, Letters of Credit or Swing Line Loans, the percentage of the Aggregate Revolving Commitments at such time represented by the Revolving Commitment of such Lender at such time (or, if the Aggregate
Revolving Commitments have been terminated, the percentage of the Total Revolving Exposure at such time represented by such Lender’s Revolving Exposure at such time) and (iii) for purposes of Section 9.14 and Section 10.05, the
percentage of the aggregate principal amount of FILO Loans and Aggregate Revolving Commitments (or, if the Aggregate Revolving Commitments have terminated, the Total Revolving Exposure) at such time represented by such Lender’s FILO Loans and
Revolving Commitment (or, if the Aggregate Revolving Commitments have terminated, such Lender’s Revolving Exposure at such time) at such time. If the Commitments of each Lender have been terminated in full and there are no FILO Loans or
Revolving Exposure outstanding at any time, then the Applicable Percentage of each Lender at such time shall be determined based on the Applicable Percentage of such Lender most recently in effect, giving effect to any subsequent assignments. The
initial Applicable Percentage of each Lender in respect of the Revolving Commitments is set forth opposite the name of such Lender on Schedule 2.01 or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as
applicable. 
 “Applicable Rate” means, at any time of calculation, (a) with respect to Commercial Letters of Credit,
a per annum rate equal to 50% of the Applicable Margin for Revolving Loans which are LIBO Rate Loans, and (b) with respect to Standby Letters of Credit, a per annum rate equal to the Applicable Margin for Revolving Loans which are LIBO Rate
Loans. 

  
 -6- 

 “Appraised Value” means (a) with respect to Eligible Inventory,
Eligible Perishable Inventory and Eligible Pharmacy Inventory, the appraised orderly liquidation value, net of costs and expenses to be incurred in connection with any such liquidation, which value is expressed as a percentage of Cost of such
Eligible Inventory, Eligible Perishable Inventory or Eligible Pharmacy Inventory as set forth in the Loan Parties’ inventory stock ledger, which value shall be determined from time to time by the most recent appraisal undertaken by an
independent appraiser engaged by the Administrative Agent and (b) with respect to the Loan Parties’ Scripts, the average per-script net orderly liquidation value of the Loan Parties’ Scripts as
set forth in the most recent appraisal of the Loan Parties’ Scripts conducted by an independent appraiser reasonably satisfactory to the Administrative Agent. 

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

“Arranger(s)” means the parties listed on the cover of this Agreement as joint lead arrangers and joint bookrunners. 

“ASC” shall mean American Stores Company LLC, a Delaware limited liability company and a wholly-owned indirect Subsidiary of
the Lead Borrower. 
 “ASC/NAI Notes Refinancing Indebtedness” shall mean any Indebtedness of the Lead Borrower in the form
of one or more series of notes or loans issued, incurred or otherwise obtained in exchange for, or to extend, renew, replace, repurchase, retire or refinance, in whole or part, existing ASC Notes or NAI Notes, or any then-existing ASC/NAI Notes
Refinancing Indebtedness (“ASC/NAI Refinanced Debt”); provided that (i) such Indebtedness has a maturity no earlier, and a Weighted Average Life to Maturity equal to or greater, than 91 days after the latest Maturity
Date at the time such Indebtedness is incurred, (ii) such Indebtedness shall not have a greater principal amount (or accreted value, if applicable) than the principal amount (or accreted value, if applicable) of the ASC/NAI Refinanced Debt plus
accrued interest, fees, premiums (including customary tender premiums) and penalties thereon and reasonable fees and expenses associated with the refinancing, (iii) the terms and conditions of such Indebtedness (except with respect to pricing,
rate floors, discounts, premiums and optional prepayment or redemption terms) are (taken as a whole) no more restrictive or burdensome on the Loan Parties than the comparable provisions in this Agreement and otherwise reflect market terms and
conditions at the time of incurrence of such Indebtedness (provided that a certificate of a Responsible Officer delivered to the Administrative Agent at least five (5) Business Days prior to the incurrence of such Indebtedness, together
with a reasonably detailed description of the material terms and conditions of such Indebtedness or drafts of the documentation relating thereto, stating that the Borrower has determined in good faith that such terms and conditions satisfy the
requirement of this clause (iii) shall be conclusive evidence that such terms and conditions satisfy such requirement, and (iv) such ASC/NAI Refinanced Debt shall be repaid, repurchased, retired, defeased or satisfied and discharged, and
all accrued interest, fees, premiums (if any) and penalties in connection therewith shall be paid, on the date such ASC/NAI Notes Refinancing Indebtedness is issued, incurred or obtained. 

  
 -7- 

 “ASC Indenture” shall mean the Indenture, dated as of May 1, 1995,
between ASC and Wells Fargo Bank, National Association (as successor to the First National Bank of Chicago), as supplemented by Supplemental Indenture No. 1 dated as of January 23, 2004, Supplemental Indenture No. 2 dated as of
July 6, 2005, Supplemental Indenture No. 3 dated as of July 21, 2008, Supplemental Indenture No. 4 dated as of March 21, 2013, and Supplemental Indenture No. 5 dated as of January 22, 2014, as amended, supplemented
or otherwise modified in accordance with the terms hereof. 
 “ASC Notes” shall mean the notes (including the 2037 ASC
Debentures) issued by ASC pursuant to the ASC Indenture prior to the Fourth Restatement Effective Date. 
 “Assignee Group”
means two or more Eligible Assignees that are Affiliates of one another or two or more Approved Funds administered, advised or managed by the same entity or entities that are Affiliates of one another. 

“Assignment and Assumption” means an assignment and assumption entered into by a Lender and an Eligible Assignee (with the
consent of any party whose consent is required by Section 10.06(b)), and accepted by the Administrative Agent, in substantially the form of Exhibit C or any other form (including electronic documentation generated by use of an electronic
platform) approved by the Administrative Agent. 
 “Attributable Indebtedness” means, on any date, in respect of any
Capital Lease Obligation 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” shall mean the audited consolidated financial statements of the Lead Borrower and its
subsidiaries for the fiscal year ended February 27, 2021. 
 “Auto-Extension Letter of Credit” has the meaning
provided in Section 2.03(b)(iii). 
 “Available Tenor” means, as of any date of determination and with respect to the
then-current Benchmark, as applicable, (x) if the then-current Benchmark is a term rate, any tenor for such Benchmark that is or may be used for determining the length of an Interest Period or (y) otherwise, any payment period for interest
calculated with reference to such Benchmark, as applicable, pursuant to this Agreement as of such date. 
 “Availability
Period” means the period from and including the Fourth Restatement Effective Date to the earliest of (a) the day immediately preceding the latest Maturity Date of all then outstanding Revolving Commitments, (b) the date of
termination of the Aggregate Revolving Commitments pursuant to Section 2.06, and (c) the date of termination of the Aggregate Revolving Commitments and of the obligation of each L/C Issuer to make L/C Credit Extensions pursuant to
Section 8.02. 
 “Availability Reserves” means, without duplication of any other Reserves or items that are addressed
or excluded through eligibility criteria, such reserves as the Administrative Agent implements on the Fourth Restatement Effective Date and from time to time determines in its Permitted Discretion as being appropriate, based on events, conditions,
or circumstances which arose after June 3, 2021 or of which the Administrative Agent first became aware after June 3, 2021 (other than items identified in the commercial finance exam delivered to the Administrative

  
 -8- 

 
Agent on June 3, 2021, regardless of whether the Administrative Agent has implemented a reserve as of the Fourth Restatement Effective Date), (a) to reflect the impediments to the Collateral
Agent’s ability to realize upon the Collateral, (b) to reflect claims and liabilities that the Administrative Agent determines will need to be satisfied in connection with the realization upon the Collateral, (c) to reflect criteria,
events, conditions, contingencies or risks which adversely affect the value of any component of the Borrowing Base, or (d) to reflect that a Default or an Event of Default then exists. Without limiting the generality of the foregoing,
Availability Reserves may include, in the Administrative Agent’s Permitted Discretion (but are not limited to), reserves based on (i) any rental payments, service charges or other amounts due or to become due to lessors of real property to
the extent Inventory or records are located in or on such property or such records are needed to monitor or otherwise deal with the Collateral (other than for locations where Administrative Agent has received a Collateral Access Agreement executed
and delivered by the owner and lessor of such real property); provided that, the Availability Reserves established pursuant to this clause (i) as to retail store locations that are leased shall not exceed at any time the aggregate of
amounts payable for the next one (1) month to the lessors of such retail store locations, and only with respect to retail store locations in those States where any right of the lessor to Inventory may be pari passu with or have priority
over the Lien of the Collateral Agent therein; (ii) customs duties, and other costs to release Inventory which is being imported into the United States; (iii) outstanding Taxes and other governmental charges, including, without limitation,
ad valorem, real estate, personal property, sales, and other Taxes or claims of the PBCG (in each case to the extent such Taxes and other governmental charges are due and payable (except if being contested in good faith in appropriate proceedings
and for which adequate reserves have been taken)) which have priority over the Liens of the Collateral Agent in the Collateral; (iv) salaries, wages and benefits due to employees of any Borrower; (v) Customer Credit Liabilities;
(vi) customer deposits; (vii) reserves for reasonably anticipated changes in Appraised Value between appraisals; (viii) warehousemen’s or bailee’s charges and other Permitted Encumbrances which may have priority over the
Liens of the Collateral Agent in the Collateral, (ix) amounts due to vendors on account of consigned goods; (x) Cash Management Reserves; (xi) Bank Product Reserves; (xii) payables to vendors entitled to the benefits of PACA or
PASA, or any similar statute or regulation; and (xiii) obligations with respect to money orders and lottery proceeds. The amount of any Availability Reserve established by the Administrative Agent shall have a reasonable relationship to the
event, condition or other matter which is the basis for such reserve as determined by the Administrative Agent in good faith. 

“Average Daily Excess Availability Percentage” means the average of the Excess Availability Percentages for each day of the
immediately preceding Quarterly Accounting Period. 
 “Bail-In Action” means the
exercise of any Write-Down and Conversion Powers by the applicable EEA Resolution Authority in respect of any liability of an Affected Financial Institution. 

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

  
 -9- 

 “Bank Product Reserves” means such reserves as the Administrative Agent
from time to time determines in its Permitted Discretion as being appropriate to reflect the liabilities and obligations of the Loan Parties with respect to Bank Products then provided or outstanding that are intended to constitute Designated Bank
Products; provided that no such reserve shall be established or increased at any time unless after giving effect to the establishment or increase of such reserve, Excess Availability would be greater than $0. 

“Bank Products” means any services or facilities provided to any Loan Party by any Agent, any Arranger, any Lender, or any of
their respective Affiliates (or any Person that was an Agent, an Arranger, a Lender, or an Affiliate of an Agent, an Arranger or a Lender under this Agreement or the Existing Credit Agreement at the time it entered into such Bank Products or, with
respect to Bank Products entered into prior to the Fourth Restatement Effective Date, on the Fourth Restatement Effective Date), including, without limitation, on account of (a) Swap Contracts and (b) purchase cards, but excluding Cash
Management Services and any facilities consisting of debt for borrowed money. 
 “Banker’s Acceptance” means a time
draft or bill of exchange or other deferred payment obligation relating to a Commercial Letter of Credit which has been accepted by the L/C Issuer. 

“Base Rate” means for any day a fluctuating rate per annum equal to the highest of (a) the rate of interest in effect
for such day as publicly announced from time to time by Bank of America as its “prime rate”; (b) the Federal Funds Rate for such day, plus 0.50%; (c) the LIBO Rate plus 1.0%; and (d) 1.0%. 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. Any change in Bank of America’s prime rate, the Federal Funds Rate or the LIBO Rate, respectively, shall take effect at the opening of business on the day specified in the public announcement of such change. 

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

“Benchmark” means, initially, LIBOR; provided that if a replacement of the Benchmark has occurred pursuant to
Section 3.03(b) then “Benchmark” means the applicable Benchmark Replacement to the extent that such Benchmark Replacement has replaced such prior benchmark rate. Any reference to “Benchmark” shall include, as applicable, the
published component used in the calculation thereof. 

  
 -10- 

 “Benchmark Replacement” means: 

(1) For purposes of Section 3.03(b)(i), the first alternative set forth below that can be determined by the Administrative Agent: 

 

	 	(a)	 the sum of: (i) Term SOFR and (ii) the spread adjustment selected or recommended by the Relevant
Governmental Body for the replacement of the tenor of LIBOR with a SOFR based rate having approximately the same length as the applicable interest payment period, 

 

	 	(b)	 the sum of: (i) Daily Simple SOFR and (ii) the spread adjustment selected or recommended by the
Relevant Governmental Body for the replacement of the tenor of LIBOR with a SOFR based rate having approximately the same length as the applicable interest period; 

provided that, if initially LIBOR is replaced with the rate contained in clause (b) above (Daily Simple SOFR plus
the applicable spread adjustment) and subsequent to such replacement, the Administrative Agent determines that Term SOFR has become available and is administratively feasible for the Administrative Agent in its sole discretion, and the
Administrative Agent notifies the Lead 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 Benchmark Replacement shall be as set forth in clause (a) above; and 

(2) For purposes of Section 3.03(b)(ii), the sum of (a) the alternate benchmark rate and (b) an adjustment (which may be a
positive or negative value or zero), in each case, that has been selected by the Administrative Agent and the Lead Borrower as the replacement Benchmark giving due consideration to any evolving or then-prevailing market convention, including any
applicable recommendations made by a Relevant Governmental Body, for U.S. dollar-denominated syndicated credit facilities at such time; 
 provided
that, if the Benchmark Replacement as determined pursuant to clause (1) or (2) above would be less than zero, the Benchmark Replacement will be deemed to be zero for the purposes of this Agreement and the other Loan Documents. 

Any Benchmark Replacement 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 Benchmark Replacement shall be applied in a manner as otherwise reasonably determined by the Administrative Agent. 

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

  
 -11- 

 “Benchmark Transition Event” means, with respect to any then-current
Benchmark other than LIBOR, the occurrence of a public statement or publication of information by or on behalf of the administrator of the then-current Benchmark or a Governmental Authority with jurisdiction over such administrator announcing or
stating that all Available Tenors are or will no longer be representative, or made available, or used for determining the interest rate of loans, or shall or will otherwise cease, provided that, at the time of such statement or publication, there is
no successor administrator that is satisfactory to the Administrative Agent, that will continue to provide any representative tenors of such Benchmark after such specific date. 

“Beneficial Ownership Certification” means a certification regarding beneficial ownership required by the Beneficial
Ownership Regulation. 
 “Beneficial Ownership Regulation” means 31 C.F.R. § 1010.230. 

“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 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”. 
 “Blocked Account” has the meaning provided in
Section 6.12(a)(ii). 
 “Blocked Account Agreement” means with respect to a deposit account established by a Loan
Party, an agreement, in form and substance reasonably satisfactory to the Collateral Agent, establishing control (as defined in the UCC) of such account by the Collateral Agent and whereby the bank maintaining such account agrees, upon the
occurrence and during the continuance of a Dominion Trigger Event, to comply only with the instructions originated by the Collateral Agent without the further consent of any Loan Party. 

“Blocked Account Bank” means each bank with whom deposit accounts are maintained in which any funds of any of the Loan
Parties from one or more DDAs are concentrated pursuant to Section 6.12(b), (c) or (d), other than any bank with whom a Blocked Account Agreement is not required to be, executed in accordance with the terms hereof. 

“Board of Directors” means, with respect to any Person, (i) in the case of any corporation, the board of directors of
such Person, (ii) in the case of any limited liability company, the board of managers or managing member of such Person, (iii) in the case of any partnership, the Board of Directors of the general partner of such Person and (iv) in
any other case, the functional equivalent of the foregoing. 
 “Borrower Materials” means materials and/or information
provided by or on behalf of the Loan Parties hereunder. 

  
 -12- 

 “Borrowers” has the meaning provided in the introductory paragraph hereto.
At the request of the Lead Borrower and with the consent of the Administrative Agent, any Restricted Subsidiary of the Lead Borrower that is a Domestic Subsidiary may be designated as a Borrower, subject to (i) executing and delivering a
joinder agreement to this Agreement and such other documents as the Administrative Agent reasonably requests in which case such Borrower shall be jointly and severally liable with the other Borrowers for all Obligations under this Agreement and
(ii) the Administrative Agent shall have received all documentation and other information required by regulatory authorities under applicable “know your customer” and anti-money laundering rules and regulations, including without
limitation the USA PATRIOT Act reasonably requested by the Lenders. 
 “Borrowing” means a Revolving Borrowing, a FILO
Borrowing or a Swing Line Borrowing, as the context may require. 
 “Borrowing Base” means, at any time of calculation, an
amount equal to: 
 (a) 90% multiplied by the face amount of Eligible Credit Card Receivables; plus 

(b) 90% multiplied by the face amount of Eligible Pharmacy Receivables (net of Receivables Reserves applicable thereto);
plus 
 (c) the lesser of (i) 85% multiplied by the Appraised Value of Scripts multiplied by the number
of such Scripts, or (ii) the Script Cap; plus 
 (d) the Cost of Eligible Inventory (exclusive of Perishable
Inventory and Eligible Pharmacy Inventory), net of Inventory Reserves, multiplied by 90% multiplied by the Appraised Value of Eligible Inventory (exclusive of Perishable Inventory and Eligible Pharmacy Inventory); provided that
such advance rate shall be increased to 92.5% for the three consecutive four-week fiscal accounting periods ending nearest to the end of February, March and April of each year; plus 

(e) the Cost of Eligible Pharmacy Inventory, net of Inventory Reserves, multiplied by 90% multiplied by the
Appraised Value of Eligible Pharmacy Inventory; provided that such advance rate shall be increased to 92.5% for the three consecutive four-week fiscal accounting periods ending nearest to the end of February, March and April of each year;
plus 
 (f) the lesser of (i) the Cost of Eligible Perishable Inventory, multiplied by 90%
multiplied by the Appraised Value of Eligible Perishable Inventory, or (ii) the Perishables Cap; provided that such advance rate shall be increased to 92.5% for the three consecutive four-week fiscal accounting periods ending
nearest to the end of February, March and April of each year; minus 
 (g) the then amount of all Availability
Reserves; minus. 
 (h) the then amount of any Maturing Indebtedness Reserves. 

  
 -13- 

 “Borrowing Base Certificate” means a certificate substantially in the form
of Exhibit D hereto (with such changes therein as may be reasonably requested by the Administrative Agent to reflect the components of and reserves against the Borrowing Base as provided for hereunder from time to time), executed and
certified as accurate and complete by a Responsible Officer of the Lead Borrower which shall include appropriate exhibits, schedules, supporting documentation, and additional reports as reasonably requested by the Administrative Agent. 

“Business Day” means any day other than Saturday, Sunday, or other day on which commercial banks are authorized or required
to close under the laws of, or are in fact closed in, the state where the Agent’s office is located, except that if determination of Business Day shall relate to any LIBO Rate Loans the term Business Day shall also exclude any day on which
banks are closed for dealings in dollar deposits in the London interbank market or other applicable LIBO Rate market. 
 “Capital
Expenditures” means, without duplication and with respect to the Albertson’s Group for any period, all expenditures made (whether made in the form of cash or other property) or costs incurred for the acquisition or improvement of fixed
or capital assets of the Albertson’s Group (excluding normal replacements and maintenance which are properly charged to current operations), in each case that are (or should be) set forth as capital expenditures in a Consolidated statement of
cash flows of the Albertson’s Group for such period, in each case prepared in accordance with GAAP; provided that Capital Expenditures shall not include (i) any such expenditure made to restore, replace or rebuild property, to the
extent such expenditure is made with (x) Net Proceeds from a Disposition or (y) insurance proceeds, condemnation awards or damage recovery proceeds relating to any such damage, loss, destruction or condemnation and (ii) any such
expenditure funded or financed with the proceeds of Permitted Indebtedness (other than any revolving indebtedness). 
 “Capital
Lease Obligation” means, subject to Section 1.03(a), at the time any determination thereof is to be made, the amount of the liability in respect of a capital lease that would at such time be required to be capitalized and reflected as
a liability on a balance sheet (excluding the footnotes thereto) in accordance with GAAP. 
 “Captive Insurance Subsidiary”
means any Restricted Subsidiary of any Borrower that is subject to regulation as an insurance company (or any Subsidiary thereof). 

“Cash Collateral Account” means a deposit or securities account established by one or more of the Loan Parties with Bank of
America in the name of the Collateral Agent (or as the Collateral Agent shall otherwise direct) and under the sole and exclusive dominion and control of the Collateral Agent, in which deposits are required to be made in accordance with
Section 2.03(g), 2.05(f) or 8.02(c). 
 “Cash Collateralize” has the meaning provided in Section 2.03(g).
Derivatives of such term have corresponding meanings. 

  
 -14- 

 “Cash Management Reserves” means such reserves as the Administrative Agent,
from time to time, determines in its Permitted Discretion reflecting the reasonably anticipated liabilities and obligations of the Loan Parties with respect to Cash Management Services then provided or outstanding that are intended to constitute
Designated Cash Management Services; provided that no such reserve shall be established or increased at any time unless after giving effect to the establishment or increase of such reserve, Excess Availability would be greater than $0. 

“Cash Management Services” means any cash management services or facilities provided to any Loan Party by any Agent, any
Arranger, any Lender, or any of their respective Affiliates (or any Person that was an Agent, an Arranger, a Lender, or an Affiliate of an Agent, an Arranger or a Lender under this Agreement or the Existing Credit Agreement at the time it provided
such Cash Management Services or, with respect to Cash Management Services entered into prior to the Fourth Restatement Effective Date, on the Fourth Restatement Effective Date), including, without limitation: (a) ACH transactions,
(b) controlled disbursement services, or treasury, depository, overdraft, and electronic funds transfer services, (c) foreign exchange facilities, (d) credit card processing services, and (e) credit or debit cards. 

“Certain Funds Provision” has the meaning provided in Section 4.02. 

“CFC” means a “controlled foreign corporation” within the meaning of Section 957 of the Code. 

“CF Debt Priority Collateral” shall mean (1) Equity Interests of the Borrowers and the Restricted Subsidiaries;
(2) equipment; (3) real estate assets; (4) IP Collateral; (5) all General Intangibles and Investment Property that do not constitute ABL Priority Collateral; (6) documents of title related to equipment; (7) books and
records, Supporting Obligations and related letters of credit, Commercial Tort Claims or other claims and causes of action, in each case, to the extent related to the foregoing; (8) substitutions, replacements, accessions, products and proceeds
(including, without limitation, insurance proceeds, licenses, royalties, rents, income, payments, claims damages and proceeds of suit) of any or all of the foregoing; and (9) all other assets pledged pursuant to Future CF Debt (in each case,
other than the ABL Priority Collateral). For purposes of the foregoing, all terms defined in the UCC but not otherwise defined in this Agreement shall have the same meanings herein as are assigned thereto in the UCC. 

“Change in Law” means the occurrence, after the Fourth Restatement Effective Date, 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 or application thereof by any Governmental Authority or (c) the making or
issuance of any request, guideline. directive or other published administrative guidance (whether or not having the force of law) by any Governmental Authority. It is understood and agreed that (i) the Dodd–Frank Wall Street Reform and
Consumer Protection Act (Public Law 111-203, H.R. 4173), all Laws relating thereto and all interpretations and applications thereof and (ii) 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, for the purpose of this
Agreement, be deemed to be adopted subsequent to the Fourth Restatement Effective Date. 

  
 -15- 

 “Change of Control” means an event or series of events by which: 

(a) any Person or group (within the meaning of Section 13(d)(3) or Section 14(d)(2) of the Exchange Act, or any
successor provision) including any group acting for the purpose of acquiring, holding or disposing of securities (within the meaning of Rule 13d-5(b)(1) under the Exchange Act), other than any Permitted
Holder, acquires directly or indirectly, in a single transaction or in a related series of transactions, by way of merger, consolidation or other business combination or purchase of beneficial ownership (within the meaning of Rule 13d-3 under the Exchange Act, or any successor provision), directly or indirectly more than 50% of the total voting power of the voting Equity Interests of the Lead Borrower; or 

(b) the sale, lease, transfer, conveyance or other disposition (other than by way of merger, consolidation or other business
combination transaction), in one or a series of related transactions, of all or substantially all of the assets of the Lead Borrower and its Restricted Subsidiaries taken as a whole to a Person, other than a Restricted Subsidiary or any Permitted
Holder. 
 “Class,” when used in reference to (a) any Loan or Borrowing, refers to whether such Loan, or the Loans
comprising such Borrowing, are Revolving Loans, Additional FILO Loans of a given Class, Extended FILO Loans of a given Extended FILO Class or Swing Line Loans, (b) any Commitment, refers to whether such Commitment is a Revolving Commitment
or an Additional Commitment in respect of FILO Loans and (c) any Lender, refers to whether such Lender has a Loan or Commitment with respect to a particular Class of Loans or Commitments. 

“Co-Syndication Agents” means the Persons identified as “co-syndication agents” on the cover of this Agreement. 
 “Code” means the
Internal Revenue Code of 1986, as amended. 
 “Collateral” means any and all “Collateral” as defined in any
applicable Security Document and all other property that is or is intended under the terms of the Security Documents to be subject to Liens in favor of the Collateral Agent, which will exclude, for the avoidance of doubt, Excluded Property
(including all Real Estate). 
 “Collateral Access Agreement” means an agreement reasonably satisfactory in form and
substance to the Collateral Agent executed by (a) a bailee or other Person in possession of Collateral, (b) a mortgagee in connection with Indebtedness secured by a mortgage on Real Estate, or (c) any landlord of Real Estate leased by
any Loan Party (except any Stores), in each case, pursuant to which such Person (i) acknowledges the Collateral Agent’s Lien on the Collateral, (ii) releases or subordinates such Person’s Liens in the Collateral held by such
Person or located on such Real Estate, (iii) provides the Collateral Agent with access to the Collateral held by such bailee or other Person or located in or on such Real Estate, (iv) as to any landlord, provides the Collateral Agent with
a reasonable time to Dispose of the Collateral, or remove the Collateral from such Real Estate, and (v) makes such other agreements with the Collateral Agent as the Collateral Agent may reasonably require. 

  
 -16- 

 “Collateral Agent” means Bank of America, acting in such capacity for its
own benefit and the benefit of the other Credit Parties, and its successors hereunder. 
 “Collateral Support” shall mean
all property (real or personal) assigned, hypothecated or otherwise securing any Collateral and shall include any security agreement or other agreement granting a lien or security interest in such real or personal property. 

“Collection Account” has the meaning provided in Section 6.12(e). 

“Commercial Letter of Credit” means any letter of credit or similar instrument (including, without limitation, Bankers’
Acceptances) issued for the purpose of providing the primary payment mechanism in connection with the purchase of any materials, goods or services by a Loan Party in the ordinary course of business of such Loan Party. 

“Commitment” means, as to each Lender, its Revolving Commitment and/or Additional Commitment in respect of FILO Loans. 

“Committed Loan Notice” means a notice of (a) a Revolving Borrowing, (b) a FILO Borrowing, (c) a Conversion of
Loans from one Type to the other, or (d) a continuation of LIBO Rate Loans, pursuant to Section 2.02(b), which, if in writing, shall be substantially in the form of Exhibit A or such other form as 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), appropriately completed and signed by a Responsible Officer of the Borrower. 

“Communication” means this Agreement, any Loan Document and any document, any amendment, approval, consent, information,
notice, certificate, request, statement, disclosure or authorization related to any Loan Document. 
 “Compliance
Certificate” means a certificate in the form of Exhibit G hereto. 
 “Consolidated” means, when used to
modify a financial term, test, statement, or report of a Person, the application or preparation of such term, test, statement or report (as applicable) based upon the consolidation, in accordance with GAAP, of the financial condition or operating
results of such Person and its Subsidiaries. 
 “Consolidated EBITDA” means, at any date of determination, an amount equal
to the Consolidated Net Income of the Albertson’s Group for the most recently completed Measurement Period plus, without duplication, to the extent the same was deducted in calculating such Consolidated Net Income: 

(1) Consolidated Taxes; plus 

(2) Consolidated Interest Charges; plus 

(3) Consolidated Non-cash Charges; plus 

  
 -17- 

 (4) the amount of management, monitoring, consulting and advisory fees and
related expenses paid to the Equity Investors (or any accruals relating to such fees and related expenses) during such period to the extent otherwise permitted under Section 7.09; plus 

(5) any fees and expenses incurred by any Loan Party in connection with any appraisal, audit, collateral review or inspection
by any Credit Party; plus 
 (6) any premiums, expenses or charges (other than Consolidated Non-cash Charges) related to any issuance of Equity Interests, Investment, Acquisition, Disposition, recapitalization or the incurrence or repayment or amendment of Indebtedness permitted to be incurred hereunder
(including a refinancing thereof) (whether or not successful or meeting the dollar amount thresholds specified herein), including such fees, expenses or charges related to (i) the issuance of Indebtedness, (ii) any amendment or other
modification of this Agreement (including, without limitation, the Restatement Effective Date Transactions) or other Indebtedness, and (iii) commissions, discounts, yield, premium or other fees and charges (including any interest expense)
related to any Qualified Receivables Financing; plus 
 (7) the amount of loss on sale of receivables and related
assets to a Receivables Subsidiary in connection with a Qualified Receivables Financing; plus 
 (8) any costs or
expense incurred pursuant to any management equity plan or stock option plan or other management or employee benefit plan or agreement or any stock subscription or shareholder agreement, to the extent that such costs or expenses are funded with cash
proceeds contributed to the capital of the Lead Borrower or the net cash proceeds of an issuance of Equity Interests of the Lead Borrower (other than Disqualified Stock); plus 

(9) the amount of any minority interest expense consisting of income of a Subsidiary attributable to minority equity interests
of third parties in any non-wholly owned Subsidiary deducted in such period in calculating Consolidated Net Income, net of any cash distributions made to such third parties in such period; plus 

(10) the amount of “run-rate” cost savings, operating expense reductions,
restructuring charges and expenses and cost-saving synergies projected by the Lead Borrower in good faith to be realized as a result of actions taken or expected to be taken within 18 months of the end of such period (calculated on a pro forma basis
as though such cost savings, operating expense reductions, restructuring charges and expenses and cost-saving synergies had been realized on the first day of such period), net of the amount of actual benefits realized during such period from such
actions; provided that (1) such cost savings, operating expense reductions, restructuring charges and expenses and cost-saving synergies are reasonably identifiable and factually supportable (2) no cost savings, operating expense
reductions, restructuring charges and expenses and cost-saving synergies may be added pursuant to this clause (l0) to the extent duplicative of any expenses or charges relating thereto that are either excluded in computing Consolidated Net
Income 

  
 -18- 

 
or included (i.e., added back) in computing Consolidated EBITDA for such period (3) such adjustments may be incremental to (but not duplicative of) pro forma adjustments made pursuant to
Section 1.06 and (4) the aggregate amount of cost savings, operating expense reductions and cost saving synergies added pursuant to this clause (l0) shall not exceed (A) 25.0% of Consolidated EBITDA for such
four-quarter period plus (B) the amount of any such cost savings, operating expense reductions, restructuring charges and expenses and cost-savings synergies that would be permitted to be included in financial statements prepared in accordance
with Regulation S-X under the Securities Act during such four-quarter period; plus 

(11) Public Company Costs; plus 

(12) any unusual, non-recurring or extraordinary expenses, losses or charges; 

less, without duplication, (i) non-cash income or gain increasing Consolidated Net Income for such period,
excluding any such items to the extent they represent (1) the reversal in such period of an accrual of, or reserve for, potential cash expense in a prior period, (2) any non-cash gains with respect
to cash actually received in a prior period to the extent such cash did not increase Consolidated Net Income in a prior period or (3) items representing ordinary course accruals of cash to be received in future periods; plus (ii) any net
gain from discontinued operations or net gains from the disposal of discontinued operations to the extent increasing Consolidated Net Income. 

In addition, to the extent not already included in the Consolidated Net Income of Albertson’s Group, notwithstanding anything to the
contrary in the foregoing, Consolidated EBITDA shall include the amount of net cash proceeds received by or contributed to the Borrowers and their Restricted Subsidiaries from business interruption insurance. 

“Consolidated Fixed Charge Coverage Ratio” means, at any date of determination, the ratio of (a) (i) Consolidated EBITDA
for the specified period minus (ii) Capital Expenditures made in cash during such period, minus (iii) the aggregate amount of Federal, state, local and foreign income taxes paid in cash by the Albertson’s Group during
such period to (b) Debt Service Charges for such period, in each case, of or by the Albertson’s Group, all as determined on a Consolidated basis in accordance with GAAP. 

“Consolidated Interest Charges” means, for any Measurement Period, the sum of (a) all interest, premium payments, debt
discount, fees, charges and related expenses in connection with borrowed money (including capitalized interest) or in connection with the deferred purchase price of assets, in each case to the extent treated as interest in accordance with GAAP,
including, without limitation, all commissions, discounts and other fees and charges owed with respect to letters of credit and bankers’ acceptance financing and net costs under Swap Contracts or agreements governing hedging obligations, but
excluding any non-cash or deferred interest or Swap Contract or hedging obligation costs and (b) the portion of rent expense with respect to such period under Capital Lease Obligations that is treated as
interest in accordance with GAAP, in each case of or by the Albertson’s Group for the most recently completed Measurement Period, all as determined on a Consolidated basis in accordance with GAAP. 

  
 -19- 

 “Consolidated Net Income” means, for any Measurement Period, the aggregate
of the Net Income of the Albertson’s Group for such period, determined on a Consolidated basis in accordance with GAAP; provided, however, that: 

(1) any net after-tax extraordinary, nonrecurring or unusual gains or losses shall be
excluded; 
 (2) the Net Income for such period shall not include the cumulative effect of a change in accounting principles
during such period; 
 (3) any net after-tax gains or losses (less all fees and
expenses or charges relating thereto) attributable to business dispositions or asset dispositions other than in the ordinary course of business (as determined in good faith by the Lead Borrower) shall be excluded; 

(4) any net after-tax gains or losses (less all fees and expenses or charges relating
thereto) attributable to the early extinguishment of indebtedness shall be excluded; 
 (5) the Net Income for such period of
any Person that is not a Subsidiary of such Person, or is an Unrestricted Subsidiary, or that is accounted for by the equity method of accounting, shall be included only to the extent of the amount of dividends or distributions or other payments
paid in cash (or to the extent converted into cash) to the referent Person or a Restricted Subsidiary thereof in respect of such period; 

(6) an amount equal to the maximum amount of tax distributions permitted to be made to the holders of Equity Interests of such
Person or any parent company of such Person in respect of such period in accordance with Section 7.06(i) shall be included as though such amounts had been paid as income taxes directly by such Person for such period; 

(7) (a) the non-cash portion of “straight-line” rent expense shall be
excluded and (b) the cash portion of “straight-line” rent expense which exceeds the amount expensed in respect of such rent expense shall be included; 

(8) unrealized gains and losses relating to hedging transactions and mark-to-market of Indebtedness denominated in foreign currencies resulting from the application of ASC 830 shall be excluded; 

(9) the income (or loss) of any non-consolidated entity during such Measurement Period
in which any other Person has a joint interest shall be excluded, except to the extent of the amount of cash dividends or other distributions actually paid in cash to any of the Albertson’s Group during such period, and 

(10) the income (or loss) of a Subsidiary during such Measurement Period and accrued prior to the date it becomes a Subsidiary
of any of the Albertson’s Group or is merged into or consolidated with any of the Albertson’s Group or that Person’s assets are acquired by any of the Albertson’s Group shall be excluded. 

  
 -20- 

 “Consolidated Non-cash Charges”
means, with respect to the Albertson’s Group for any period, the aggregate depreciation, amortization, impairment, compensation, rent and other non-cash expenses of such Person and its Subsidiaries
reducing Consolidated Net Income of such Person for such period on a consolidated basis and otherwise determined in accordance with GAAP (including non-cash charges resulting from purchase accounting in
connection with any Acquisition or Disposition that is consummated after the Original Closing Date), but excluding (i) any such charge which consists of or requires an accrual of, or cash reserve for, anticipated cash charges for any future
period and (ii) the non-cash impact of recording the change in fair value of any embedded derivatives under ASC 815 and related interpretations as a result of the terms of any agreement or instrument to
which such Consolidated Non-cash Charges relate. 
 “Consolidated Taxes” means,
with respect to the Albertson’s Group on a consolidated basis for any period, provision for taxes based on income, profits or capital, including, without limitation, state franchise and similar taxes and including, without duplication, an
amount equal to the amount of tax distributions actually made to the holders of Equity Interests of such Person or any direct or indirect parent of such Person in respect of such period in accordance with Section 7.06(i), which shall be
included as though such amounts had been paid as income taxes directly by such Person. 
 “Contractual Obligation” means,
as to any Person, any provision 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 Indebtedness, Disqualified Stock or Preferred Stock of the Lead Borrower or any of its
Subsidiaries in an aggregate principal amount not greater than the aggregate amount of cash contributions made to the capital of the Lead Borrower, provided that: 

(1) such Contribution Indebtedness shall be Indebtedness with a stated maturity later than the latest Maturity Date in effect
at such time, and 
 (2) such Contribution Indebtedness (a) is incurred within 210 days after the making of such cash
contributions and (b) is so designated as Contribution Indebtedness. 
 “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. 
 “Convert,” “Conversion” and “Converted” each refers
to a conversion of Loans of one Type into Loans of the other Type. 
 “Corrective Extension Amendment” has the meaning
specified in Section 2.16(d). 
 “Cost” means the lower of cost or market value of Inventory, based upon the
Borrowers’ accounting practices used in preparation of the Lead Borrower’s financial statements, which practices are in effect on the Fourth Restatement Effective Date (or as may be modified in accordance with changes in GAAP or industry
standard). “Cost” does not include inventory capitalization costs or other non-purchase price charges (such as freight) used in the Borrowers’ calculation of cost of goods sold. 

  
 -21- 

 “Covenant Trigger Event” means any of (a) the occurrence and
continuance of any Event of Default, (b) the failure of the Borrowers to maintain an Excess Availability Percentage of at least 10% at any time or (c) Excess Availability is less than $250,000,000 at any time. For purposes of this
Agreement, the occurrence of a Covenant Trigger Event shall be deemed continuing (i) so long as such Event of Default is continuing and has not been waived and/or (ii) if the Covenant Trigger Event arises as a result of the Borrowers’
failure to achieve Excess Availability or an Excess Availability Percentage as required hereunder, until the date Excess Availability Percentage shall have been not less than 10% for thirty (30) consecutive days and Excess Availability shall
have been not less than $250,000,000 for thirty (30) consecutive days. The termination of a Covenant Trigger Event as provided herein shall in no way limit, waive or delay the occurrence of a subsequent Covenant Trigger Event in the event that
the conditions set forth in this definition again arise. 
 “Credit Card Issuer” means any Person (other than a Loan Party)
who issues or whose members issue credit cards or debit cards, including, without limitation, MasterCard or VISA bank credit or debit cards or other bank credit or debit cards issued through MasterCard International, Inc., Visa, U.S.A., Inc. or Visa
International and American Express, Discover, Diners Club, Carte Blanche and other non-bank credit or debit cards, including, without limitation, credit or debit cards issued by or through American Express
Travel Related Services Company, Inc. or Discover Financial Services, Inc. 
 “Credit Card Notifications” has the meaning
provided in Section 6.12(a)(i). 
 “Credit Card Processor” means any servicing or processing agent or any factor or
financial intermediary who facilitates, services, processes or manages the credit authorization, billing transfer and/or payment procedures with respect to any Loan Party’s sales transactions involving credit card or debit card purchases by
customers using credit cards or debit cards issued by any Credit Card Issuer. 
 “Credit Card Receivables” means each right
to payment, whether or not it constitutes a “payment intangible” or an “Account” (as defined in the UCC) together with all income, payments and proceeds thereof, owed by a Credit Card Issuer or by a Credit Card Processor to a
Loan Party resulting from purchases by a customer of a Loan Party using credit or debit cards issued by such issuer in connection with the sale of goods by a Loan Party, or services performed by a Loan Party, in each case in the ordinary course of
its business. 
 “Credit Extensions” mean each of the following: (a) a Borrowing and (b) an L/C Credit Extension.

  
 -22- 

 “Credit Party” or “Credit Parties” means
(a) individually, (i) each Person who provides a Bank Product or Cash Management Service to any Loan Party, (ii) each Agent, (iii) each L/C Issuer, (iv) each beneficiary of each indemnification obligation undertaken by any Loan
Party under any Loan Document, Bank Product or Cash Management Service, (v) any other Person to whom Obligations under this Agreement and other Loan Documents are owing, and (vi) the successors and assigns of each of the foregoing, and
(b) collectively, all of the foregoing. 
 “Cure Amount” has the meaning specified in Section 8.04(a). 

“Cure Expiration Date” has the meaning provided in Section 8.04(a). 

“Cure Right” has the meaning provided in Section 8.04(a). 

“Customer Credit Liabilities” means at any time, the aggregate remaining value at such time of (a) outstanding gift
certificates and gift cards of the Borrowers entitling the holder thereof to use all or a portion of the certificate or gift card to pay all or a portion of the purchase price for any Inventory, and (b) outstanding merchandise credits of the
Borrowers. 
 “Daily Simple SOFR” with respect to any applicable determination date means the secured overnight financing
rate (“SOFR”) published on such date 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).

 “DDA” means each checking, savings or other demand deposit account maintained by any of the Loan Parties. Unless the
Lead Borrower informs the Collateral Agent that a DDA is of the type described in the proviso of Section 6.12(a)(ii) or otherwise Excluded Property, all funds in each DDA shall be conclusively presumed to be Collateral and proceeds of
Collateral and the Agents and the Lenders shall have no duty to inquire as to the source of the amounts on deposit in any DDA. 

“Debt Service Charges” means for any Measurement Period, the sum of (a) Consolidated Interest Charges paid in cash or
required to be paid in cash for such Measurement Period (net of interest income for such Measurement Period), plus (b) the scheduled principal payments required to be made in cash on account of Indebtedness (excluding the Obligations
(other than any amortization payment with respect to FILO Loans), and any Synthetic Lease Obligations, but including, without limitation, the principal portion of scheduled payments of Capital Lease Obligations) for such Measurement Period, in each
case determined on a Consolidated basis for the Albertson’s Group in accordance with GAAP. 
 “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. 

  
 -23- 

 “Default” means any event or condition that, with the giving of any notice
or passage of time or both would constitute an Event of Default. 
 “Default Rate” means for the Obligations arising under
the Revolving Commitments or any Class of FILO Loans an interest rate equal to (i) the Base Rate for such Class plus (ii) the Applicable Margin, if any, applicable to Base Rate Loans for such Class, plus (iii) 2%
per annum; provided, however, that with respect to a LIBO Rate Loan of any Class, the Default Rate shall be an interest rate equal to the interest rate (including any Applicable Margin) otherwise applicable to such Loan plus 2% per
annum. 
 “Defaulting Lender” means, subject to Section 9.16(f), any Lender that, as determined by the Administrative
Agent, (a) has failed to fund any portion of the Loans, participations in L/C Obligations or participations in Swing Line Loans required to be funded by it hereunder within two Business Days of the date required to be funded by it hereunder
(other than as a result of a good faith dispute), (b) has notified any Borrower or the Administrative Agent that it does not intend to comply with its funding obligations or has made a public statement to that effect with respect to its
funding obligations hereunder or under other agreements in which it commits to extend credit, (c) has otherwise failed to pay over to the Administrative Agent, any L/C Issuer or any Lender any other amount required to be paid by it hereunder
within two Business Days of the date when due (other than as a result of a good faith dispute), or (d) has, or has a direct or indirect parent company that has, (i) other than pursuant to an Undisclosed Administration, become the subject
of a proceeding under any Debtor Relief Law or a Bail-In Action, (ii) had a receiver, conservator, trustee, administrator, assignee for the benefit of creditors or similar Person charged with
reorganization or liquidation of its business or a custodian appointed for it, or (iii) taken any action in furtherance of, or indicated its consent to, approval of or acquiescence in any such proceeding or appointment; provided that a
Lender shall not be a Defaulting Lender solely by virtue of the ownership or acquisition of any equity interest in that Lender or any direct or indirect parent company thereof by a Governmental Authority so long as such ownership interest does not
result in or provide such Lender 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 Lender (or such governmental authority or
instrumentality) to reject, repudiate, disavow or disaffirm any contracts or agreements made with such Lender. 
 “Designated
Acquisition” means any Acquisition that is not, in accordance with the agreement governing such Acquisition, subject to a financing contingency and that has been designated by the Lead Borrower in writing to the Agent as a “Designated
Acquisition” which designation shall include a description of any Indebtedness (the “Designated Indebtedness”) expected to be incurred to finance such Designated Acquisition. 

“Designated Bank Products” means, at any time, Bank Products with respect to which a Bank Product Reserve is then in effect.

 “Designated Cash Management Services” means, at any time, Cash Management Services with respect to which a Cash
Management Reserve is then in effect. 

  
 -24- 

 “Designated Jurisdiction” means any country or territory to the extent that
such country or territory itself is the subject or target of any Sanction. 
 “Disposition” or “Dispose”
means the sale, transfer, assignment, exclusive license, lease or other disposition (including any sale and leaseback transaction or by division) (whether in one transaction or in a series of transactions) of any property by any Person, including
(i) any sale, assignment, transfer or other disposal, with or without recourse, of any notes or accounts receivable or any rights and claims associated therewith and (ii) any sale, transfer, assignment, or other disposition of any Equity
Interests of another Person, but, for the avoidance of doubt, not the issuance by such Person of its Equity Interests. 

“Disqualified Stock” means any Equity Interest that, by its terms (or by the terms of any security into which it is
convertible, or for which it is exchangeable, in each case at the option of the holder thereof), or upon the happening of any event, matures or is mandatorily redeemable (other than for (i) Equity Interests that do not constitute Disqualified
Stock and/or (ii) other assets of a Person that is not a Loan Party nor a Restricted Subsidiary of any Loan Party), pursuant to a sinking fund obligation or otherwise, or redeemable (other than for (i) Equity Interests that do not
constitute Disqualified Stock and/or (ii) other assets of a Person that is not a Loan Party nor a Restricted Subsidiary of any Loan Party) at the option of the holder thereof, in whole or in part, in each case, on or prior to the date that is
91 days after the latest Maturity Date at the time such Equity Interests are issued; provided, however, that (a) only the portion of such Equity Interests which so matures or is mandatorily redeemable, is so convertible
or exchangeable or is so redeemable at the option of the holder thereof prior to such date shall be deemed to be Disqualified Stock and (b) with respect to any Equity Interests issued to any employee or to any plan for the benefit of employees
of the Lead Borrower or its Subsidiaries or by any such plan to such employees, such Equity Interest shall not constitute Disqualified Stock solely because it may be required to be repurchased by the Lead Borrower or its Subsidiaries in order to
satisfy applicable statutory or regulatory obligations or as a result of such employee’s termination, resignation, death or disability and if any class of Equity Interest of such Person by its terms authorizes such Person to satisfy its
obligations thereunder by delivery of (i) an Equity Interest that is not Disqualified Stock and/or (ii) other assets of a Person that is not a Loan Party nor a Restricted Subsidiary of any Loan Party, such Equity Interests shall not be
deemed to be Disqualified Stock. Notwithstanding the preceding sentence, any Equity Interest that would constitute Disqualified Stock solely because the holders thereof have the right to require the Lead Borrower or its Subsidiaries to repurchase
such Equity Interest upon the occurrence of a change of control or an asset sale shall not constitute Disqualified Stock. 

“Divested Properties” means the stores required to be divested, transferred or otherwise sold by the Albertson’s Group
in connection with a Permitted Acquisition or similar Investment pursuant to an agreement with or order issued by the Department of Justice, the Federal Trade Commission or similar regulatory authority; provided, however, that the
Divested Properties shall not constitute all or substantially all of the properties or assets of the Lead Borrower and its Subsidiaries. 

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

  
 -25- 

 “Domestic Subsidiary” means any Subsidiary of a Borrower that is organized
under the Laws of the United States, any state thereof or the District of Columbia. 
 “Dominion Trigger Event” means
either (a) the occurrence and continuance of any Event of Default or (b) the failure of the Borrowers to maintain Testing Excess Availability of at least the greater of (x) 10.0% of the Loan Cap and (y) $250,000,000, in each case, for five
(5) consecutive Business Days. For purposes of this Agreement, the occurrence of a Dominion Trigger Event shall be deemed continuing (i) so long as such Event of Default is continuing and has not been waived and/or (ii) if the
Dominion Trigger Event arises as a result of the Borrowers’ failure to achieve Testing Excess Availability as required hereunder, until the date Testing Excess Availability shall have been at least equal to the greater of (x) 10.0% of the Loan
Cap and (y) $250,000,000, in each case, for thirty (30) consecutive days; provided a Dominion Trigger Event may be discontinued only once in any period of thirteen (13) consecutive four (4) week Accounting Periods
notwithstanding that the Event of Default has been waived or is no longer continuing or that Testing Excess Availability shall have been not less than the amounts required above for thirty (30) consecutive days. The termination of a Dominion
Trigger Event as provided herein shall in no way limit, waive or delay the occurrence of a subsequent Dominion Trigger Event in the event that the conditions set forth in this definition again arise. 

“Early Opt-in Effective Date” means, with respect to any Early Opt-in Election, the sixth (6th) Business Day after the date notice of such Early Opt-in Election is provided to the Lenders, so long as the Administrative Agent has not
received, by 5:00 p.m. (New York City time) on the fifth (5th) Business Day after the date notice of such Early Opt-in Election is provided to the Lenders, written notice of objection to such Early Opt-in Election from Lenders comprising the Required Lenders. 
 “Early Opt-in Election” means the occurrence of: 
  

	 	(1)	 a determination by the Administrative Agent, or a notification by the Lead Borrower to the Administrative Agent
that the Lead Borrower has made a determination, that U.S. dollar-denominated syndicated credit facilities currently being executed, or that include language similar to that contained in Section 3.03(b), are being executed or amended (as
applicable) to incorporate or adopt a new benchmark interest rate to replace LIBOR, and 

  

	 	(2)	 the joint election by the Administrative Agent and the Lead Borrower to replace LIBOR with a Benchmark
Replacement and the provision by the Administrative Agent of written notice of such election to the Lenders. 

 “Earn-Out Obligations” means, with respect to any Acquisition, all obligations of any Loan Party or any Subsidiary thereof to make any cash earn-out payment,
performance payment or similar obligation that is payable only in the event certain future performance goals are achieved with respect to the assets or business acquired pursuant to the documentation relating to such Acquisition, but excluding any
working capital adjustments, indemnity obligations or payments for services or licenses provided by such sellers in such Acquisition. 

  
 -26- 

 “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. 

“Electronic Signature” and “Electronic Record” have the meaning set forth in Section 10.10(b). 

“Eligible Assignee” means, subject to Section 10.06(b) hereof, (a) a Credit Party or any of its Affiliates;
(b) a bank, insurance company, or entity engaged in the business of making commercial loans, which Person, together with its Affiliates, has a combined capital and surplus in excess of $250,000,000; (c) an Approved Fund; (d) any Person to
whom a Credit Party assigns its rights and obligations under this Agreement as part of an assignment and transfer of such Credit Party’s rights in and to a material portion of such Credit Party’s portfolio of asset based credit facilities,
and (e) any other Person (other than a natural person or a Defaulting Lender) approved by the Administrative Agent, provided that notwithstanding the foregoing, “Eligible Assignee” shall not include a Loan Party or any of the
Loan Parties’ Affiliates or Subsidiaries or any competitor of a Loan Party identified in writing by the Lead Borrower to the Administrative Agent five Business Days prior to the effective time of the applicable assignment or participation, or
is a Person identified as an ineligible transferee on a written list of such Persons that was delivered by the Lead Borrower to the Administrative Agent prior to the Fourth Restatement Effective Date and including, in each case, any of their
Affiliates that are identified to the Administrative Agent from time to time or an Affiliate that is readily identifiable on the basis of such Affiliate’s name (each a “Disqualified Institution”), provided, further, 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 Institutions (it being understood and agreed that such prohibitions with respect to Disqualified Institutions shall apply to any potential future assignments or
participations to any such parties); provided further that the Administrative Agent shall have the right, and the Lead Borrower hereby expressly authorizes the Administrative Agent, to provide the list of Disqualified Institutions to any
Lender upon request by such Lender, provided further that, notwithstanding the foregoing, Equity Investor Affiliated Lenders may hold, in the aggregate, up to ten percent (10%) of the Aggregate Revolving Commitments (and Revolving
Exposure thereunder) and up to ten percent (10%) of the aggregate FILO Loans. 

  
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 “Eligible Credit Card Receivables” means at the time of any determination
thereof, each Credit Card Receivable that satisfies the following criteria at the time of creation and continues to meet the same at the time of such determination: such Credit Card Receivable (i) has been earned by performance and represents
the bona fide amounts due to a Loan Party from a Credit Card Issuer and/or a Credit Card Processor, and in each case originated in the ordinary course of business of such Loan Party, and (ii) in each case is acceptable to the Administrative
Agent in its Permitted Discretion, and is not ineligible for inclusion in the calculation of the Borrowing Base pursuant to any of clauses (a) through (j) below. Without limiting the foregoing, to qualify as an Eligible Credit Card Receivable,
an Account shall indicate no Person other than a Loan Party as payee or remittance party. In determining the amount to be so included, the face amount of an Account shall be reduced by, without duplication of any Reserve or of any of clauses
(a) through (j) below or otherwise, to the extent not reflected in such face amount, (i) the amount of all accrued and actual discounts, claims, credits or credits pending, promotional program allowances, price adjustments, finance charges
or other allowances (including any amount that a Loan Party may be obligated to rebate to a customer, a Credit Card Processor or Credit Card Issuer pursuant to the terms of any agreement or understanding); provided that setoffs of fees and
chargebacks of the applicable Credit Card Issuer or Credit Card Processor in the ordinary course of business (or as a result of changes in the policies of the applicable Credit Card Issuer or Credit Card Processor applicable to its customers
generally) shall not reduce the face amount of an Account and (ii) the aggregate amount of all cash received in respect of such Account but not yet applied by the Loan Parties to reduce the amount of such Credit Card Receivable. Any Credit Card
Receivable included within any of the following categories shall not constitute an Eligible Credit Card Receivable but only as long as such Credit Card Receivable falls within any of the following categories: 

(a) Credit Card Receivables which do not constitute an “Account” or a “payment intangible” (as defined in
the UCC); 
 (b) Credit Card Receivables that have been outstanding for more than five (5) Business Days from the date
of sale; 
 (c) Credit Card Receivables (i) that are not subject to a perfected first-priority security interest in
favor of the Collateral Agent (it being the intent that chargebacks in the ordinary course by Credit Card Processors or Credit Card Issuers shall not be deemed violative of this clause) (other than Permitted Encumbrances of the type described in
clause (l) of the definition of “Permitted Encumbrances” or otherwise not having priority over the Lien of the Collateral Agent), or (ii) with respect to which a Loan Party does not have good and valid title thereto, free and
clear of any Lien (other than Liens granted to the Collateral Agent pursuant to the Security Documents and Permitted Encumbrances of the type described in clause (l) of the definition of “Permitted Encumbrances” or otherwise not
having priority over the Lien of the Collateral Agent); 
 (d) Credit Card Receivables which are disputed, are with recourse,
or with respect to which a claim, counterclaim, offset or chargeback (other than offset of fees and chargebacks of the applicable Credit Card Processor or Credit Card Issuer in the ordinary course (or as a result of changes in the policies of the
applicable Credit Card Processor applicable to its customers generally)) has been asserted (to the extent of such disputed amount, claim, counterclaim, offset or chargeback); 

  
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 (e) Credit Card Receivables as to which the Credit Card Processor has the
right under certain circumstances existing as of any date of determination to require a Loan Party to repurchase the Accounts from such Credit Card Processor; 

(f) Credit Card Receivables due from a Credit Card Processor or Credit Card Issuer of the applicable credit card which is the
subject of any bankruptcy or insolvency proceedings; 
 (g) Credit Card Receivables which are not a valid, legally
enforceable obligation of the applicable issuer with respect thereto; 
 (h) Credit Card Receivables which do not conform in
all material respects to all representations, warranties or other provisions in the Loan Documents relating to Credit Card Receivables; 

(i) Credit Card Receivables which the Administrative Agent determines in its Permitted Discretion to be uncertain of collection
due to the creditworthiness of the applicable Credit Card Issuer or Credit Card Processor; or 
 (j) Credit Card Receivables
which are subject to any receivables financing facility or securitization arrangement, including any Receivables Financing. 

“Eligible Inventory” means, as of the date of determination thereof, without duplication, items of Inventory of a Loan Party
that are finished goods, merchantable and readily saleable to the public in the ordinary course of the Loan Parties’ business that, except as otherwise agreed by the Administrative Agent in its Permitted Discretion, (A) complies in all
material respects with each of the representations and warranties respecting Inventory made by the Loan Parties in the Loan Documents, and (B) is not excluded as ineligible by virtue of one or more of the criteria set forth below. The following
items of Inventory shall not be included in Eligible Inventory, but only so long as such Inventory falls within any of the following categories: 

(a) Inventory that is not solely owned by a Loan Party or a Loan Party does not have good and valid title thereto; 

(b) Inventory that is leased by or is on consignment to a Loan Party or which is consigned by a Loan Party to a Person which is
not a Loan Party; 
 (c) Inventory that is not located in the United States of America (excluding territories or possessions
of the United States); 
 (d) Inventory that is not at a location that is owned or leased by a Loan Party, except
(i) Inventory in transit between such owned or leased locations, or (ii) to the extent that (x) the Loan Parties have furnished the Administrative Agent with any UCC financing statements or other documents that are necessary to
perfect its security interest in 

  
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such Inventory at such location, and (y) if requested by the Administrative Agent, the Loan Parties have used commercially reasonable efforts to cause the Person owning any such location to
enter into a Collateral Access Agreement on terms reasonably satisfactory to the Administrative Agent (failing which the Administrative Agent may establish an Availability Reserve in such amounts as it deems appropriate from time to time); 

(e) Inventory that is located in a distribution center leased by a Loan Party unless the Loan Parties have used commercially
reasonable efforts to cause the applicable lessor to deliver to the Collateral Agent a Collateral Access Agreement (failing which the Administrative Agent may establish an Availability Reserve in such amounts as it deems appropriate from time to
time); 
 (f) Inventory that is comprised of goods which (i) are damaged, defective, “seconds,” or otherwise
unmerchantable, (ii) are to be returned to the vendor, (iii) are obsolete or slow moving, work-in-process, raw materials, or that constitute spare parts,
samples, promotional, marketing, bags, labels, packaging and shipping materials or supplies used or consumed in a Loan Party’s business, (iv) are not in compliance in all material respects with all standards imposed by any Governmental
Authority having regulatory authority over such Inventory, its use or sale, or (v) are bill and hold goods; 
 (g)
Inventory that is not subject to a perfected first-priority (subject to Permitted Encumbrances not having priority over the Lien of the Collateral Agent) security interest in favor of the Collateral Agent; 

(h) [Reserved]; 

(i) Inventory that is not insured in compliance with the provisions of this Agreement; 

(j) Inventory that has been sold but not yet delivered or as to which a Borrower has accepted a deposit; 

(k) Inventory that is subject to any licensing, patent, royalty, trademark, trade name or copyright agreement with any third
party from which any Loan Party or any of its Subsidiaries has received notice of a dispute in respect of any such agreement, and such dispute limits the Administrative Agent’s ability to sell such Inventory; or 

(l) Inventory acquired in a Permitted Acquisition which is not of the type usually sold in the ordinary course of the Loan
Parties’ business, unless and until the Collateral Agent has completed or received (A) an appraisal of such Inventory from appraisers satisfactory to the Collateral Agent and establishes an advance rate and Inventory Reserves (if
applicable) therefor, and otherwise agrees that such Inventory shall be deemed Eligible Inventory, and (B) such other due diligence as the Administrative Agent may require, all of the results of the foregoing to be reasonably satisfactory to
the Administrative Agent. 

  
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 “Eligible Medicaid Accounts” means, as of the date of determination
thereof, Medicaid Accounts, as to which (i) the claim for reimbursement related to such Account has been submitted to the appropriate Fiscal Intermediary or a Third Party Payor who is responsible for submitting the claim to the Fiscal
Intermediary, in accordance with the applicable regulations under Medicaid within thirty (30) days from the date the related goods were sold or services were rendered, (ii) the person to whom the goods were sold or the services rendered is
an eligible Medicaid recipient at the time such goods are sold or such services are rendered and such eligibility has been verified by the Loan Party making such sale or providing such service, (iii) such Account is owed to a Loan Party who is
not known to be under any investigation under any Health Care Law (other than the periodic audits or reviews conducted by a Fiscal Intermediary in the ordinary course of business) or subject to any action or proceeding concerning the status of such
Loan Party as a certified Medicaid provider (other than routine surveys and site visits) and/or the payments under Medicaid to such Loan Party have not been contested, suspended, delayed, deferred or otherwise postponed due to any investigation,
action or proceeding by any Fiscal Intermediary, the U.S. Justice Department or any other Governmental Authority, (iv) the amount of such Account does not exceed the amounts to which the Loan Party making such sale or providing such service is
entitled as reimbursement for such eligible Medicaid recipient under applicable Medicaid regulations, (v) all authorization and billing procedures and documentation required in order for the Loan Party making such sale or providing such service
to be reimbursed and paid on such Account by the Fiscal Intermediary have been properly completed and satisfied to the extent required in order for such Loan Party to be so reimbursed and paid and (vi) the terms of the sale or service giving
rise to such Accounts and all practices of such Loan Party with respect to such Accounts comply in all material respects with applicable Law. 

“Eligible Medicare Accounts” means, as of the date of determination thereof, as to Medicare Accounts, as to which
(i) the claim for reimbursement related to such Account has been submitted to the appropriate Fiscal Intermediary, or a Third Party Payor who is responsible for submitting the claim to the Fiscal Intermediary, in accordance with the applicable
regulations under Medicare within thirty (30) days from the date the related goods were sold or services were rendered, (ii) the person to whom the goods were sold or the services were rendered is an eligible Medicare beneficiary at the
time such goods are sold or such services were rendered and such eligibility has been verified by the Loan Party making such sale or providing such service, (iii) such Account is owed to a Loan Party who is not known to be under any
investigation under any Health Care Law (other than the periodic audits or reviews conducted by a Fiscal Intermediary in the ordinary course of business) or subject to any action or proceeding concerning the status of such Loan Party as a Medicare
supplier (other than routine surveys and site visits) and/or the payments under Medicare to such Loan Party have not been contested, suspended, delayed, deferred or otherwise postponed due to any investigation, action or proceeding by any Fiscal
Intermediary, the U.S. Justice Department or any other Governmental Authority, (iv) the amount of such Account does not exceed the amounts to which the Loan Party making such sale or providing such service is entitled as reimbursement for such
eligible Medicare beneficiary under applicable Medicare regulations; (v) all authorization and billing procedures and documentation required in order for the Loan Party making such sale or providing such service to be reimbursed and paid on
such Account by the Fiscal Intermediary have been properly completed and satisfied to the extent required for such Loan Party to be so reimbursed and paid; and (vi) the terms of the sale or service giving rise to such Accounts and all practices
of such Loan Party with respect to such Accounts comply in all material respects with applicable Law. 

  
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 “Eligible Perishable Inventory” means, as of the date of determination
thereof, Perishable Inventory that satisfies each of the requirements of Eligible Inventory. 
 “Eligible Pharmacy
Inventory” means Eligible Inventory which is Pharmaceutical Inventory. 
 “Eligible Pharmacy Receivables” means
each Pharmacy Receivable that satisfies the following criteria at the time of creation and continues to meet the same at the time of such determination: such Pharmacy Receivable (i) has been earned by performance and represents the bona fide
amounts due to a Loan Party from Third Party Payors, and other Persons reasonably acceptable to the Administrative Agent, and in each case originated in the ordinary course of business of the applicable Loan Party, (ii) is non-recourse to the Loan Parties and has been adjudicated or is otherwise due to a Loan Party for pharmacy related services, and (iii) is not ineligible for inclusion in the calculation of the Borrowing Base
pursuant to any of the clauses below. Without limiting the foregoing, to qualify as an Eligible Pharmacy Receivable, a Pharmacy Receivable shall indicate no Person other than a Loan Party as payee or remittance party. In determining the amount to be
so included, the face amount of a Pharmacy Receivable shall be reduced by, without duplication, to the extent not reflected in such face amount, (i) the amount of all accrued and actual discounts, claims, credits or credits pending, promotional
program allowances, price adjustments, finance charges, processing fees or other allowances (including any amount that the applicable Loan Party may be obligated to rebate to a customer, or to pay to the Third Party Payors, direct customers or other
Persons pursuant to the terms of any agreement or understanding (written or oral)) and (ii) the aggregate amount of all cash received in respect of such Pharmacy Receivable but not yet applied by the applicable Loan Party to reduce the amount
of such Pharmacy Receivable. Unless otherwise approved from time to time in writing by the Administrative Agent, none of the following Pharmacy Receivables shall be an Eligible Pharmacy Receivable but only so long as such Pharmacy Receivables falls
within any of the following categories: 
 (a) Pharmacy Receivables that have been outstanding for more than sixty
(60) days after the electronic transaction posting date for them; 
 (b) Pharmacy Receivables due from any Third Party
Payor to the extent that fifty percent (50%) or more of all Pharmacy Receivables from such Third Party Payor are not Eligible Pharmacy Receivables under clause (a) above; 

(c) Pharmacy Receivables to the extent that the aggregate amount of such Accounts owing by a single account debtor constitute
more than twenty-five (25%) percent (or such higher percent as the Administrative Agent from time to time approve in writing) of the aggregate amount of all otherwise Eligible Pharmacy Receivables (but the portion of the Accounts not in excess of
the applicable percentage shall not be deemed to be ineligible solely by virtue of this clause (c)); 

  
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 (d) Pharmacy Receivables which do not constitute an “Account” (as
defined in the UCC); 
 (e) Pharmacy Receivables (i) that are not subject to a perfected first-priority security
interest in favor of the Collateral Agent, senior in priority to all other Liens other than Permitted Encumbrances which have priority over the Liens of the Collateral Agent by operation of applicable Law (other than Liens of the type described in
clause (l) of the definition of “Permitted Encumbrances”), or (ii) with respect to which a Loan Party does not have good and valid title thereto; 

(f) Pharmacy Receivables which are disputed, are with recourse, or with respect to which a claim, counterclaim, offset or
chargeback has been asserted (to the extent of such claim, counterclaim, offset or chargeback); 
 (g) the portion of
Pharmacy Receivables constituting Eligible Medicare Accounts or Eligible Medicaid Accounts, or owed by Governmental Authorities that exceeds $100,000,000 in the aggregate outstanding at such time; 

(h) Pharmacy Receivables due from a Third Party Payor who is not duly authorized to conduct business in the United States of
America or which is the subject of any bankruptcy or insolvency proceeding, has had a trustee or receiver appointed for all or a substantial part of its property, has made an assignment for the benefit of creditors or has suspended its business;

 (i) Pharmacy Receivables which are acquired in a Permitted Acquisition unless and until the Collateral Agent has completed
an appraisal and audit of such Pharmacy Receivables and otherwise agree that such Pharmacy Receivables shall be deemed Eligible Pharmacy Receivables; 

(j) Pharmacy Receivables as to which (i) the Loan Party making the sale giving rise to such Pharmacy Receivables does not
have a valid and enforceable agreement with the Third Party Payor providing for payment to such Loan Party or there is a default thereunder that could be a basis for such Third Party Payor ceasing or suspending any payments to such Loan Party, or
(ii) the prescription drugs sold giving rise to such Pharmacy Receivables are not of the type that are covered under the agreement with the Third Party Payor or the party receiving such goods is not entitled to coverage under such agreement,
(iii) the Loan Party making the sale giving rise to such Pharmacy Receivables has not received confirmation from such Third Party Payor that the party receiving the prescription drugs is entitled to coverage under the terms of the agreement
with such Third Party Payor and the Loan Party is entitled to reimbursement for such Pharmacy Receivables, (iv) the amount of such Pharmacy Receivables exceeds the amounts to which the Loan Party making such sale is entitled to reimbursement
for the prescription drugs sold under the terms of such agreements (but solely to the extent of such excess), (v) there are contractual or statutory limitations or restrictions on the rights of the Loan Party making such sale to assign its rights to
payment arising as a result thereof or to grant any security interest therein which limitations or restrictions have not been satisfied or 

  
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waived, (vi) all authorization and billing procedures and documentation required in order for the Loan Party making such sale to be reimbursed and paid on such Pharmacy Receivables by the
Third Party Payor have not been properly completed and satisfied to the extent required for such Loan Party to be so reimbursed and paid, and (vii) the terms of the sale giving rise to such Pharmacy Receivables and all practices of such Loan
Party with respect to such Pharmacy Receivables do not comply in all material respects with applicable federal, state, and local laws and regulations; 

(k) Pharmacy Receivables which do not conform in all material respects to all representations, warranties, covenants, or other
provisions in the Loan Documents relating to Pharmacy Receivables; 
 (l) Pharmacy Receivables which the Administrative Agent
determines in its Permitted Discretion to be uncertain of collection due to the creditworthiness of the Third Party Payor; 

(m) Pharmacy Receivables which are subject to any receivables financing facility or securitization arrangement, including any
Receivables Financing; or 
 (n) Pharmacy Receivables constituting Medicaid Accounts or Medicare Accounts that are not
Eligible Medicaid Accounts or Eligible Medicare Accounts, respectively. 
 “Environmental Laws” means any and all
applicable Federal, state, local, and foreign statutes, laws, regulations, ordinances, rules, judgments, orders, decrees, permits, concessions, grants, franchises, licenses, agreements or governmental restrictions relating to pollution, the
protection of the environment or the release of any materials into the environment, including those related to Hazardous Materials, air emissions and waste water discharges. 

“Environmental Liability” means any liability, obligation, damage, loss, claim, action, suit, judgment, order, fine, penalty,
fee, expense, or cost, contingent or otherwise (including any liability for damages, natural resource damages, costs of environmental remediation, regulatory oversight fees, fines, penalties or indemnities), of any Loan Party or any of their
respective Subsidiaries resulting from or based upon (a) violation of any Environmental Law, (b) the generation, use, handling, transportation, storage, treatment or disposal of any Hazardous Materials, (c) exposure to any Hazardous
Materials, (d) the release or threatened release of any Hazardous Materials into the environment or (e) any contract, agreement or other consensual arrangement pursuant to which liability is assumed or imposed with respect to any of the
foregoing. 
 “Equipment” has the meaning set forth in the UCC. 

“Equity Interests” means, with respect to any Person, all of the shares of capital stock of (or other ownership interests in)
such Person, all of the warrants, options or other rights for the purchase or acquisition from such Person of shares of capital stock of (or other ownership interests in) such Person, all of the securities convertible into or exchangeable for shares
of capital stock of (or other ownership interests in) such Person or warrants, rights or options for the purchase or acquisition from such Person of such shares (or such other interests), and all of the other ownership or profit interests in such
Person (including partnership, member or trust interests therein), whether voting or nonvoting. 

  
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 “Equity Investor” means, individually and collectively, (a) Cerberus
Capital Management L.P., (b) Lubert-Adler Partners, L.P., (c) Klaff Realty, L.P., (d) Schottenstein Stores Corporation, and (e) Kimco Realty Corporation. 

“Equity Investor Affiliated Lender” means financial institutions (including commercial finance companies), investment funds
or managed accounts with respect to which any Equity Investor or an Affiliate of such Equity Investor is an Affiliate or an advisor or manager in the ordinary course of business, provided, that, (a) no Equity Investor Affiliated Lender
shall have any right to (i) attend (including by telephone) any meeting or discussions (or portion thereof) among the Administrative Agent or any Lender to which representatives of the Loan Parties are not invited, and (ii) receive any
information or material prepared by, or for the use of, the Administrative Agent or any Lender (including, without limitation any commercial finance examinations or appraisals) or any communication by or among Administrative Agent and/or one or more
Lenders, except to the extent such information or materials have been made available to any Loan Party or its representatives (and in any case, other than the right to receive notices of prepayments and other administrative notices in respect of its
Loans), or (iii) make or bring (or participate in, other than as a passive participant in or recipient of its pro rata benefits of) any claim, in its capacity as a Lender, against the Administrative Agent or any other Lender or any of their
respective Affiliates with respect to any duties or obligations or alleged duties or obligations of the Administrative Agent or any other such Lender under the Loan Documents and (b) each Equity Investor Affiliated Lender (other than an
Affiliated Debt Fund) shall be deemed to have voted in the same proportion as Lenders that are not Equity Investor Affiliated Lenders in connection with any amendment, waiver or consent hereunder, except that (1) the Commitment of an Equity
Investor Affiliated Lender may not be increased or extended without the consent of such Lender and (2) Equity Investor Affiliated Lenders shall be entitled to vote in connection with any amendment, waiver or consent hereunder that adversely
affects the Equity Investor Affiliated Lender disproportionately as compared to other affected Lenders. For clarity, except as provided in clause (b) above, if any action requires the consent of any “affected Lender,” the Equity
Investor Affiliated Lenders shall be deemed to have consented to such action. 
 “ERISA” means the Employee Retirement
Income Security Act of 1974. 
 “ERISA Affiliate” means any trade or business (whether or not incorporated) under common
control with the Lead Borrower within the meaning of Section 414(b) or (c) of the Code (and Sections 414(m) and (o) of the Code for purposes of provisions relating to Section 412 of the Code). 

  
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 “ERISA Event” means (a) a Reportable Event with respect to a Pension
Plan; (b) a withdrawal by the Lead Borrower 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 complete or partial withdrawal by a Borrower or any ERISA Affiliate from a Multiemployer Plan or notification that a Multiemployer Plan is insolvent or
in reorganization (within the meaning of Title IV of ERISA); (d) the filing of a notice of intent to terminate, the treatment of a Plan amendment as a termination under Sections 4041 or 4041A of ERISA, or the commencement of proceedings by the PBGC
to terminate a Pension Plan or Multiemployer Plan; (e) 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; (f) with respect to a Pension Plan, a failure to satisfy the minimum funding standard under Section 412 of the Code or Section 302 of ERISA, whether or not waived, a failure to make by its due date a required installment under
Section 430(j) of the Code with respect to a Pension Plan or a failure to make a required contribution to a Multiemployer Plan; (g) a determination that a Pension Plan is, or is expected to be, in
“at-risk” status (as defined in Section 430(i)(4) of the Code or Section 303(i)(4) of ERISA); or (h) 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 a Borrower or any ERISA Affiliate. 
 “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. 
 “Event of Default” has the meaning specified in Section 8.01. An Event of Default shall be deemed to be
continuing unless and until that Event of Default has been duly waived as provided in Section 10.01 hereof or cured with the consent of the Required Lenders. 

“Excess Availability” means, as of any date of determination thereof by the Administrative Agent, the result, if a positive
number, of: 
 (a) the Loan Cap minus 

(b) the Total Revolving Exposure. 

In calculating Excess Availability at any time and for any purpose under this Agreement, the Lead Borrower shall certify to the Administrative
Agent that all accounts payable and Taxes are being paid in accordance with customary practices, except for amounts being disputed in good faith by appropriate proceedings. 

“Excess Availability Condition” means, at the time of determination with respect to any Disposition, that (a) no Default
or Event of Default then exists or would arise as a result of such Disposition, (b) before and after giving pro forma effect to such Disposition, the Excess Availability Percentage will be equal to or greater than
twenty-two and a half percent (22.5%) and (c) after giving effect to such Disposition, the Excess Availability Percentage is projected to be equal to or greater than
twenty-two and a half percent (22.5%) for the following six (6) four (4) week Accounting Periods. Prior to entering into any binding agreement which is subject to the Excess Availability Condition, the
Loan Parties shall deliver to the Administrative Agent an officer’s certificate (1) confirming that no Default or Event of Default then exists or would arise as a result of entering into such transaction and (2) setting forth
calculations showing satisfaction of 

  
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the conditions contained in clause (b) above (which, with respect to projected Excess Availability, shall be made on a good faith basis (including, without limitation, giving due
consideration to results for prior periods) consistent with the Loan Parties’ past practice); provided that no certificate shall be required to be delivered to the Administrative Agent with respect to (i) any Disposition involving
assets with a Fair Market Value of less than $25,000,000 or (ii) if the Excess Availability Percentage conditions set forth in clauses (b) and (c) of the previous sentence would be satisfied substituting thirty percent (30%) for twenty-two and a half percent (22.5%), any Disposition involving assets with a Fair Market Value of less than $200,000,000. 

“Excess Availability Percentage” means the percentage obtained by dividing Excess Availability by the Loan Cap. 

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

“Excluded Contributions” means the net cash proceeds, property or assets received by the Loan Parties or their respective
Restricted Subsidiaries from contributions to the common equity capital of the Lead Borrower (other than proceeds in connection with a Cure Right). 

“Excluded Property” has the meaning ascribed to such term in the Security Agreement. 

“Excluded Subsidiary” means (a) at the Lead Borrower’s option, any Subsidiary that is not a wholly owned Subsidiary
of the Lead Borrower, (b) any Captive Insurance Subsidiary, (c) any Foreign Subsidiary or any Domestic Subsidiary that is a Subsidiary of a Foreign Subsidiary that is a CFC, (d) any Domestic Subsidiary that is treated as a disregarded
entity for U.S. federal income tax purposes and that has no material assets other than the stock of one or more Foreign Subsidiaries that are CFCs, (e) any
not-for-profit Subsidiary, (f) at the Lead Borrower’s option, each Immaterial Subsidiary, (g) any other Subsidiary with respect to which, in the
reasonable judgment of the Administrative Agent and the Lead Borrower, the burden or cost (including any adverse tax consequences) of providing the guarantee shall outweigh the benefits to be obtained by the Lenders therefrom, (h) each
Unrestricted Subsidiary, (i) any Subsidiary acquired following the Original Closing Date that is prohibited from guaranteeing the Obligations by applicable Law or Contractual Obligations that are in existence at the time of acquisition and not
entered into in contemplation thereof or if guaranteeing the Obligation would require governmental (including regulatory) consent, approval, license or authorization (unless such consent, approval license or authorization has been obtained), (j)
each Real Estate Subsidiary; (k) after consultation with the Administrative Agent, any Subsidiary that engages solely in the pharmacy benefits management business and (l) any special purpose securitization vehicle (or similar entity),
including any Receivables Subsidiary; provided that no Subsidiary that guarantees Future CF Debt (other than Real Estate Financing Loan Parties, if any) shall be deemed to be an Excluded Subsidiary at any time such guarantee is in effect.

 “Excluded Swap Obligation” means, with respect to any Guarantor, any Swap Obligation if, and to the extent that, all or
a portion of the guarantee of such Guarantor of, or the grant by such Guarantor of a security interest to secure, such Swap Obligation (or any guarantee thereof) is or becomes illegal under the Commodity Exchange Act or any rule, regulation or order
of the Commodity Futures Trading Commission (or the application or official interpretation of any 

  
 -37- 

 
thereof) by virtue of such Guarantor’s failure for any reason to constitute an “eligible contract participant” as defined in the Commodity Exchange Act and the regulations
thereunder (determined after giving to any “keepwell, support or other agreement” for the benefit of such Guarantor and any and all guarantees of such Guarantor’s Swap Obligations by other Loan Parties) at the time such guarantee or
grant of a security interest by such Guarantor becomes effective with respect to such Swap Obligation. If a Swap Obligation arises under a master agreement governing more than one swap, such exclusion shall apply only to the portion of such Swap
Obligation that is attributable to swaps for which such guarantee or security interest is or becomes excluded in accordance with the first sentence of this definition. 

“Excluded Taxes” means, with respect to the Agents, any Lender, any L/C Issuer or any other recipient of any payment to be
made by or on account of any obligation of any Loan Party hereunder or under any other Loan Document, (a) taxes imposed on or measured by such recipient’s net income (however denominated), franchise taxes and branch profits taxes, in each
case imposed by a jurisdiction as a result of such recipient being organized or having its principal office located in or, in the case of any Lender, having its applicable Lending Office located in, such jurisdiction or as a result of any other
present or former connection between such recipient and such jurisdiction (other than a connection 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, and/or enforced, any Loan Documents, or sold or assigned any interest in any Loan, Letter of Credit or Loan Document), (b) in the case of a Lender (other than any
Lender becoming a party hereto pursuant to a request by any Loan Party under Section 10.13), any U.S. federal withholding tax that is imposed on amounts payable to such Lender pursuant to a law in effect at the time such Lender becomes a party
hereto (or designates a new Lending Office), except to the extent that such Lender (or its assignor, if any) was entitled, immediately prior to the designation of a new Lending Office (or assignment), to receive additional amounts from the Loan
Parties with respect to such withholding tax pursuant to Section 3.01, (c) any taxes attributable to such Lender’s failure to comply with Section 3.01(e), (d) any U.S. federal withholding taxes imposed under FATCA and (e) any
U.S. federal backup withholding taxes under section 3406 of the Code. 
 “Existing Credit Agreement” has the meaning set
forth in the preliminary statements hereto. 
 “Existing FILO Loan” has the meaning provided in Section 2.16(a). 

“Existing Legacy Notes” shall mean the NAI Notes, the ASC Notes and the Existing Safeway Debentures. 

“Existing Revolving Commitment” has the meaning provided in Section 2.16(a). 

“Existing Revolving Loans” has the meaning provided in Section 2.16(a). 

“Existing Revolving Tranche” has the meaning provided in Section 2.16(a). 

  
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 “Existing Safeway Debentures” means, to the extent not otherwise retired,
repurchased, redeemed, discharged or defeased, Safeway’s 7.45% Debentures due 2027 and 7.25% Debentures due 2031. 
 “Extended
FILO Class” has the meaning provided in Section 2.16(a). 
 “Extended FILO Loans” has the meaning provided in
Section 2.16(a). 
 “Extended Revolving Commitment” has the meaning provided in Section 2.16(a). 

“Extended Revolving Loans” has the meaning provided in Section 2.16(a). 

“Extended Revolving Tranche” has the meaning provided in Section 2.16(a). 

“Extending Lender” has the meaning provided in Section 2.16(b). 

“Extension Amendment” has the meaning provided in Section 2.16(c). 

“Extension Election” has the meaning provided in Section 2.16(b). 

“Extension Request” has the meaning provided in Section 2.16(a). 

“Facility Guaranty” means the second amended and restated guarantee made by the Guarantors in favor of the Credit Parties as
of December 21, 2015, as supplemented, amended or otherwise modified from time to time. 
 “Fair Market Value” means,
with respect to any asset or property, the price which could be negotiated in an arm’s-length, free market transaction, for cash, between a willing seller and a willing and able buyer, neither of whom is
under undue pressure or compulsion to complete the transaction, as determined by the Lead Borrower in its good faith discretion. Fair Market Value may be (but need not be) conclusively established by means of an officer’s certificate or
resolutions of the Board of Directors of the Lead Borrower setting out such Fair Market Value as determined by such Officer or such Board of Directors in good faith. 

“Farm Products” means crops, livestock, supplies used or produced in a farming operation and products of crops or livestock
and including farm products as such term is defined in the Food Security Act and the UCC. 
 “FATCA” means Sections 1471
through 1474 of the Code as in effect on the Original Closing Date (and as amended or successor version thereof that is substantively comparable and not materially more onerous to comply with), any current or future United States Treasury Department
regulations or other official administrative interpretations thereof, any agreements entered into pursuant to Section 1471(b) of the current Code (or any amended or successor version described above) and any intergovernmental agreements (and
any related laws or official administrative guidance) implementing the foregoing. 

  
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 “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 as determined by the
Administrative Agent; provided further that to the extent the Federal Funds Rate as determined pursuant to this definition would otherwise be less than zero, then the Federal Funds Rate shall be deemed to be zero. 

“Fee Letter” means the second amended and restated fee agreement, dated as of April 4, 2014, by and among the Lead
Borrower, the Administrative Agent and the other parties thereto. 
 “FILO Borrowing” means a borrowing consisting of FILO
Loans of the same Class and Type and, in the case of LIBO Rate Loans, having the same Interest Period made by each of the applicable Lenders pursuant to this Agreement. 

“FILO Increase Effective Date” has the meaning provided in Section 2.15(II)(c). 

“FILO Increase Joinder” has the meaning provided in Section 2.15(II)(e). 

“FILO Loans” means, collectively, any Additional FILO Loans and any Extended FILO Loans. 

“Fiscal Intermediary” means any qualified insurance company or other Person that has entered into an ongoing relationship
with any Governmental Authority to make payments to payees under Medicare, Medicaid or any other Federal, State or local public health care or medical assistance program pursuant to any of the Health Care Laws. 

“Fiscal Month” means any four (4) week Accounting Period of the Lead Borrower. 

“Fiscal Year” means, subject to Section 7.13, any period of 13 consecutive Accounting Periods ending on the closest
Saturday to February 28th (or February 29th, as the case may be) of each calendar year. 

“Food Security Act” means the Food Security Act of 1985, 7 U.S.C. Section 1631 et. seq., as the same now
exists or may hereafter from time to time be amended, modified, recodified or supplemented, together with all rules and regulations thereunder. 

“Foreign Lender” means any Lender that is not a “United States person” as defined in Section 7701(a)(30) of
the Code. 
 “Foreign Subsidiary” means any Subsidiary of a Borrower which is not a Domestic Subsidiary. 

  
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 “Fourth Restatement Effective Date” means the date on which the conditions
precedent set forth in Section 4.01 of this Agreement are satisfied. 
 “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 (or will be)
engaged in making, purchasing, holding or otherwise investing in commercial loans, bonds and similar extensions of credit in the ordinary course of its business. 

“Future CF Debt” means Indebtedness of the Loan Parties in the form of term loans or debt securities in an aggregate
principal amount not to exceed the sum of (x) $4,000,000,000 plus (y) an unlimited amount subject to, immediately after giving pro forma effect thereto and to the use of the proceeds thereof, (i) no Event of Default shall be continuing or
result therefrom and (ii) the Interest Coverage Ratio on a pro forma basis is not less than 2.00:1.00; provided that (x) if any such Indebtedness is subordinated in right of payment to the Obligations, (i) such Indebtedness
shall contain subordination provisions reasonably satisfactory to the Administrative Agent and (ii) such Indebtedness shall have a maturity no earlier, and a Weighted Average Life to Maturity equal to or greater, than 91 days after the latest
Maturity Date at the time such Indebtedness is incurred. 
 “GAAP” means generally accepted accounting principles in the
United States set forth in the opinions and pronouncements of the Accounting Principles Board and the American Institute of Certified Public Accountants and statements and pronouncements of the Financial Accounting Standards Board or such other
principles as may be approved by a significant segment of the accounting profession in the United States, that are applicable to the circumstances as of the date of determination, consistently applied. 

“Governmental Authority” means any nation or government, any state, county, provincial, municipal, local or other political
subdivision thereof, any central bank (or similar monetary or regulatory authority) thereof, and any agency, authority or instrumentality (including any bilateral or multilateral agency authority or instrumentality formed by treaty) exercising
executive, legislative, judicial, regulatory, administrative, military, peacekeeping or police powers or functions of or pertaining to government (including any supra-national bodies such as the European Union or the European Central Bank). 

“Guarantee” means, as to any Person, (a) any obligation, contingent or otherwise, of such Person guaranteeing or having
the economic effect of guaranteeing any Indebtedness 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, (ii) to purchase or lease property, securities or services for the purpose of assuring the obligee in respect of such Indebtedness or
other obligation of the payment or performance of such Indebtedness, (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 

  
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Indebtedness, or (iv) entered into for the purpose of assuring in any other manner the obligee in respect of such Indebtedness 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 of any other Person, whether or not such Indebtedness or other 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” shall not include endorsements of checks, drafts and other items for payment of money for collection or
deposit in the ordinary course of business. The amount of any Guarantee shall be deemed to be an amount equal to the stated or determinable amount of the related primary obligation, or portion thereof, in respect of which such Guarantee is made or,
if not stated or determinable, the maximum reasonably anticipated liability in respect thereof as determined by the guaranteeing Person in good faith. The term “Guarantee” as a verb has a corresponding meaning. 

“Guarantor” means (i) each Subsidiary of the Lead Borrower existing on the Fourth Restatement Effective Date that is not
a Borrower hereunder (other than an Excluded Subsidiary) and (ii) each other Subsidiary of the Lead Borrower that shall be required to become a party to the Facility Guaranty pursuant to Section 6.11 after the Fourth Restatement Effective
Date. 
 “Hazardous Materials” means all explosive or radioactive substances or wastes and all hazardous or toxic
substances, wastes or other pollutants, including petroleum or petroleum distillates, asbestos or asbestos-containing materials, polychlorinated biphenyls, radon gas, infectious or medical wastes and all other substances or wastes of any nature
which in each case are regulated pursuant to, or which could not reasonably be expected to result in liability under any Environmental Law. 

“Health Care Laws” means all federal, state and local laws, rules, regulations, interpretations, guidelines, ordinances and
decrees primarily relating to patient healthcare, any health care provider, medical assistance and cost reimbursement program, as now or at any time hereafter in effect, including, but not limited to, the Social Security Act, the Social Security
Amendments of 1972, the Medicare-Medicaid Anti-Fraud and Abuse Amendments of 1977, the Medicare and Medicaid Patient and Program Protection Act of 1987, HIPAA, the Federal False Claim Act, the Federal Anti-Kickback Statute, and the Patient
Protection and Affordable Care Act, as amended. 
 “HIPAA” means the Health Insurance Portability and Accountability Act of
1996, as amended by the Health Information, Technology, Economic and Clinical Health Act of 2009 (HITECH), as the same now exists or may hereafter from time to time be amended, modified, recodified or supplemented, together with all rules and
regulations thereunder. 
 “HIPAA Compliance Date” has the meaning specified in Section 5.26. 

“HIPAA Compliance Plan” has the meaning specified in Section 5.26. 

“HIPAA Compliant” has the meaning specified in Section 5.26 hereto. 

“Honor Date” has the meaning provided in Section 2.03(c)(i). 

  
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 “Immaterial Subsidiary” means, subject to the last sentence of this
definition, each Restricted Subsidiary designated in writing by the Lead Borrower to the Administrative Agent at any time or from time to time as an Immaterial Subsidiary, that, as of the last day of the Fiscal Year of the Lead Borrower most
recently ended or, if organized or acquired after the end of such Fiscal Year, at the date of designation, had revenues or total assets for such year in an amount that is less than 3% of the consolidated revenues or total assets, as applicable, of
the Lead Borrower and its Restricted Subsidiaries for such year (which, for any Immaterial Subsidiary or proposed Immaterial Subsidiary organized or acquired since such date, shall be determined on a pro forma basis as if such Subsidiary were in
existence or acquired on such date); provided that all such Immaterial Subsidiaries, taken together, as of the last day of the Fiscal Year of the Lead Borrower most recently ended, shall not have revenues or total assets for such year in an
amount that is equal to or greater than 7.5% of the consolidated revenues or total assets, as applicable, of the Lead Borrower and its Restricted Subsidiaries for such year (which, for any Immaterial Subsidiary or proposed Immaterial Subsidiary
organized or acquired since such date, shall be determined on a pro forma basis as if such Subsidiary were in existence on such date). Any Restricted Subsidiary that executes a Guarantee of the Obligations shall not be deemed an Immaterial
Subsidiary and shall be excluded from the calculations above. Notwithstanding anything to the contrary in this definition, to the extent one or more Restricted Subsidiaries are not a Guarantor and in the aggregate all such non-Guarantors account for less than 1% of the total revenues or total assets of the Lead Borrower and Restricted Subsidiaries, there will be no requirement to designate such Restricted Subsidiaries as Immaterial
Subsidiaries. 
 “Increase Joinder” shall mean a FILO Increase Joinder or a Revolving Increase Joinder, as applicable. 

“Incremental Cap” shall mean, as at any time of determination, an aggregate principal amount not to exceed the sum of
(i) $1,500,000,000 minus (ii) the aggregate principal amount of Additional Revolving Commitments established prior to such time, minus (iii) the aggregate principal amount of the Additional FILO Loans funded prior to such time. 

“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 of all direct or contingent obligations of such Person arising under letters of credit (including standby and commercial), bankers’ acceptances, bank guaranties, surety bonds and similar instruments; 

(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 trade payables and
similar obligations) which purchase price is due more than one year after the later of the date of placing the property in service or taking delivery and title thereto; 

  
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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), whether or not such indebtedness shall have been assumed by such Person or is limited in recourse;
provided, however, that the amount of such Indebtedness will be the lesser of the Fair Market Value of such asset at such date of determination, and the amount of such Indebtedness of such other Person; 

(f) all Attributable Indebtedness of such Person; 

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

(h) to the extent not otherwise included, any obligation of such Person to be liable for, or to pay, as obligor, guarantor or
otherwise, on the Indebtedness of another Person of the type described in clauses (a) through (g) (other than by endorsement of negotiable instruments for collection in the ordinary course of business); 

provided, that obligations under or in respect of Receivables Financings shall be deemed not to constitute Indebtedness. 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 any Indebtedness that has been defeased or for which funds have been irrevocably deposited with the applicable
trustee for redemption shall be deemed to be $0. Accrual of interest, the accretion of accreted value, the amortization or accretion of original issue discount, the payment of interest in the form of additional Indebtedness with the same terms, the
accretion of liquidation preference and increases in the amount of Indebtedness outstanding solely as a result of fluctuations in the exchange rate of currencies will not be deemed to be Indebtedness. Guarantees of, or obligations in respect of
letters of credit bankers’ acceptances or similar instruments relating to, or Liens securing, Indebtedness which is otherwise included in the determination of a particular amount of Indebtedness shall not be included in the determination of
such amount of Indebtedness, provided that the Indebtedness represented by such guarantee or letter of credit, as the case may be, was in compliance with this covenant. Indebtedness that is cash collateralized shall not be deemed to be Indebtedness
hereunder to the extent of such cash collateralization. 
 “Indemnified Taxes” means all Taxes other than Excluded Taxes.

 “Indemnitees” has the meaning specified in Section 10.04(b). 

“Independent Financial Advisor” means an accounting, appraisal or investment banking firm of nationally recognized standing.

 “Information” has the meaning specified in Section 10.07. 

  
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 “Intellectual Property” means United States and non-United States: (a) patents and patent applications; (b) trademarks, service marks, trade names, trade dress, business names, designs, logos, indicia of origin, and other source and/or business
identifiers; (c) Internet domain names and associated websites; (d) copyrights, including copyrights in computer software; (e) industrial designs, databases, data, trade secrets, know-how,
technology, unpatented inventions and other confidential or proprietary information; (f) all registrations or applications for registrations which have heretofore been or may hereafter be issued thereon throughout the world; (g) all
tangible and intangible property embodying the copyrights and unpatented inventions (whether or not patentable); (h) license agreements related to any of the foregoing and income therefrom; (i) books, records, writings, computer tapes or disks,
flow diagrams, specification sheets, computer software, source codes, object codes, executable code, data, databases and other physical manifestations, embodiments or incorporations of any of the foregoing; (j) all other intellectual property;
and (k) all common law and other rights throughout the world in and to all of the foregoing. 
 “Intercreditor
Agreement” means one or more intercreditor agreements entered into pursuant to Section 9.18 with the representative for the lenders under any Indebtedness secured by any Permitted Encumbrances on Collateral on usual and customary terms
and conditions reasonably acceptable to the Collateral Agent. 
 “Interest Coverage Ratio” means, as of any date of
determination, the ratio of (a) Consolidated EBITDA to (b) Consolidated Interest Charges, in each case, of the Albertson’s Group for the most recently ended Measurement Period on or prior to such date. 

“Interest Payment Date” means, (a) as to any LIBO Rate Loan, the last day of each Interest Period applicable to such
Loan and the Maturity Date of such Loan; provided, however, that if any Interest Period for a LIBO Rate Loan exceeds three months, the respective dates that fall every three months after the beginning of such Interest Period shall also
be Interest Payment Dates for such Loan; and (b) as to any Base Rate Loan (including a Swing Line Loan), the first Business Day of each month and the Maturity Date of such Loan. 

“Interest Period” means, as to each LIBO Rate Loan, the period commencing on the date such LIBO Rate Loan is disbursed or
Converted to or continued as a LIBO Rate Loan and ending on the date one, three or six months thereafter (or with the consent of all applicable Lenders, twelve months thereafter), as selected by the Lead Borrower in its Committed Loan Notice;
provided that: 
 (i) 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; 

(ii) 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; 

(iii) no Interest Period shall extend beyond the earliest Maturity Date for the Class of Loans of which such LIBO Rate
Loan is part; and 

  
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 (iv) notwithstanding the provisions of clause (iii), no Interest Period
shall have a duration of less than one (1) month, and if any Interest Period applicable to a LIBOR Borrowing would be for a shorter period, such Interest Period shall not be available hereunder. 

For purposes hereof, the date of a Borrowing initially shall be the date on which such Borrowing is made and thereafter shall be the effective
date of the most recent Conversion or continuation of such Borrowing. 
 “Inventory” has the meaning given that term in the
UCC, and shall also include, without limitation, all: (a) goods which (i) are leased by a Person as lessor, (ii) are held by a Person for sale or lease or to be furnished under a contract of service, (iii) are furnished by a
Person under a contract of service, or (iv) consist of raw materials, work in process, or materials used or consumed in a business; (b) goods of said description in transit; (c) goods of said description which are returned,
repossessed or rejected; and (d) packaging, advertising, and shipping materials related to any of the foregoing. 
 “Inventory
Reserves” means, without duplication of any other Reserves or items that are otherwise addressed or excluded through eligibility criteria, such reserves as may be established from time to time by the Administrative Agent in the
Administrative Agent’s Permitted Discretion with respect to the determination of the saleability, at retail, of the Eligible Inventory or which reflect such other factors as affect the market value of the Eligible Inventory to the extent not
taken into account in determining the cost of liquidation of such Eligible Inventory. Without limiting the generality of the foregoing, Inventory Reserves may, in the Administrative Agent’s Permitted Discretion, include (but are not limited to)
reserves based on: 
 (a) Obsolescence; 

(b) Shrink; 

(c) Imbalance; 

(d) Change in Inventory character; 

(e) Change in Inventory composition; 

(f) Change in Inventory mix; 

(g) Mark-downs (both permanent and point of sale); 

(h) Retail mark-ons and mark-ups inconsistent
with prior period practice and performance, industry standards, current business plans or advertising calendar and planned advertising events; and 

(i) Out-of-date and/or expired Inventory. 

  
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 “Investment” means, as to any Person, any direct or indirect acquisition or
investment by such Person in another Person, whether by means of (a) the purchase or other acquisition of Equity Interests of another Person, (b) a loan, advance or capital contribution to, Guarantee or assumption of debt of, or purchase
or other acquisition of any other debt or interest in, another Person, (c) any Acquisition, or (d) any other investment of money or capital in another Person in order to obtain a profitable return. For purposes of covenant compliance, the
amount of any outstanding Investment shall be the amount actually invested, without adjustment for subsequent increases or decreases in the value of such Investment, net of any repayments thereof. 

“IP Collateral” means United States and non-United States: (a) patents and
patent applications; (b) trademarks, service marks, trade names, trade dress, business names, designs, logos, indicia of origin, and other source and/or business identifiers; (c) Internet domain names and associated websites;
(d) copyrights, including copyrights in computer software; (e) industrial designs, databases, data, trade secrets, know-how, technology, unpatented inventions and other confidential or proprietary
information; (f) all registrations or applications for registrations which have heretofore been or may hereafter be issued thereon throughout the world; (g) all tangible and intangible property embodying the copyrights and unpatented
inventions (whether or not patentable); (h) license agreements related to any of the foregoing and income therefrom; (i) books, records, writings, computer tapes or disks, flow diagrams, specification sheets, computer software, source codes,
object codes, executable code, data, databases and other physical manifestations, embodiments or incorporations of any of the foregoing; (j) all other intellectual property; and (k) all common law and other rights throughout the world in
and to all of the foregoing and shall include all “Intellectual Property Collateral” as such term is defined in the Security Agreement. 

“IRS” means the United States Internal Revenue Service. 

“ISP” means, with respect to any Letter of Credit, the “International Standby Practices 1998” published by the
Institute of International Banking Law & Practice (or such later version thereof as may be in effect at the time of issuance). 

“Issuer Documents” means with respect to any Letter of Credit, the Letter of Credit Application, and any other document,
agreement and instrument entered into by each L/C Issuer and any Borrower (or any Subsidiary) or in favor of each L/C Issuer and relating to any such Letter of Credit. 

“Joinder Agreement” means an agreement, in form reasonably satisfactory to the Administrative Agent, pursuant to which, among
other things, a Person becomes a party to, and bound by the terms of, this Agreement and/or the other Loan Documents in the same capacity and to the same extent as either a Borrower or a Guarantor. 

“Laws” means each international, foreign, Federal, state or local statute, treaty, rule, guideline, regulation, ordinance,
code and administrative or judicial precedent or authority, including the interpretation or administration thereof by any Governmental Authority charged with the enforcement, interpretation or administration thereof, and each applicable
administrative order, directed duty, license, or authorization and permit of or any agreement with any Governmental Authority, in each case whether or not having the force of law. 

  
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 “L/C Advance” means, with respect to each Revolving Lender, such Revolving
Lender’s funding of its participation in any L/C Borrowing in accordance with its Applicable Percentage. 
 “L/C
Borrowing” means an extension of credit resulting from a drawing under any Letter of Credit which has not been reimbursed on the date when made or refinanced as a Revolving Borrowing. 

“L/C Credit Extension” means, with respect to any Letter of Credit, the issuance thereof or extension of the expiry date
thereof, or the increase of the amount thereof. 
 “L/C Issuer” means each Lender with an L/C Issuer Sublimit in its
capacity as an issuer of Letters of Credit hereunder, or any successor or additional issuer of Letters of Credit hereunder (which successor or additional issuer may only be a Lender or Affiliate of a Lender which has agreed in writing to be an L/C
Issuer and which is selected by the Lead Borrower and acceptable to the Administrative Agent in its reasonable discretion, in which case all or any portion of any existing L/C Issuer’s L/C Issuer Sublimit (as agreed between the Lead Borrower,
the Administrative Agent and such new L/C Issuer) may be transferred to such new L/C Issuer). Each L/C Issuer may, in its discretion, arrange for one or more Letters of Credit to be issued by Affiliates of the applicable L/C Issuer, in which case
the term “L/C Issuer” shall include any such Affiliate with respect to Letters of Credit issued by such Affiliate. 
 “L/C
Issuer Sublimit” means (i) with respect to any L/C Issuer listed on Schedule 1.05, the amount set forth opposite such L/C Issuer’s name on such Schedule as the same may be reduced from time to time pursuant to the terms of
this Agreement and (ii) with respect to any other L/C Issuer, the amount specified to be such L/C Issuer’s “L/C Issuer Sublimit” at the time such L/C Issuer becomes an L/C Issuer (as contemplated by the definition of “L/C
Issuer”), as the same may be reduced from time to time pursuant to the terms of this Agreement; provided that with the consent of the Lead Borrower and the Administrative Agent not to be unreasonably withheld or delayed, any L/C Issuer
may assign in whole or part a portion of its L/C Issuer Sublimit to any other Lender who consents to such assignment. 
 “L/C
Obligations” means, as at any date of determination and without duplication, the aggregate undrawn amount available to be drawn under all outstanding Letters of Credit plus the aggregate of all Unreimbursed Amounts, including all L/C
Borrowings. For purposes of computing the amounts available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.07. For all purposes of this Agreement, if on any date of
determination a Letter of Credit has expired by its terms but any amount may still be drawn thereunder by reason of the operation of Rule 3.14 of the ISP, Rule 3.13 of the ISP, or because a drawing was presented under such Letter of Credit on or
prior to the last date permitted for presentation thereunder but has not yet been honored or dishonored, such Letter of Credit shall be deemed to be “outstanding” in the amount so remaining available to be drawn. 

  
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 “Lead Borrower” has the meaning set forth in the preamble hereto. 

“Lease” means any written agreement, pursuant to which a Loan Party is entitled to the use or occupancy of any real property
for any period of time. 
 “Lender” has the meaning specified in the introductory paragraph hereto and, as the context
requires, includes the Swing Line Lender and (or if implied by the context, or) an L/C Issuer. 
 “Lending Office” means,
as to any Lender, the office or offices of such Lender described as such in such Lender’s Administrative Questionnaire, or such other office or offices as a Lender may from time to time notify the Lead Borrower and the Administrative Agent.

 “Letter of Credit” means each Banker’s Acceptance, each Standby Letter of Credit and each Commercial Letter of
Credit issued hereunder. 
 “Letter of Credit Application” means an application and agreement for the issuance or amendment
of a Letter of Credit in the form from time to time in use by the applicable L/C Issuer. 
 “Letter of Credit Expiration
Date” means the day that is two days prior to the latest Maturity Date then in effect (or, if such day is not a Business Day, the next preceding Business Day) for all then outstanding Revolving Commitments. 

“Letter of Credit Fee” has the meaning specified in Section 2.03(i). 

“Letter of Credit Sublimit” means an amount equal to $1,500,000,000. The Letter of Credit Sublimit is part of, and not in
addition to, the Aggregate Revolving Commitments. A permanent reduction of the Aggregate Revolving Commitments shall not require a corresponding pro rata reduction in the Letter of Credit Sublimit; provided, however, that if the
Aggregate Revolving Commitments are reduced to an amount less than the Letter of Credit Sublimit, then the Letter of Credit Sublimit shall be reduced to an amount equal to (or, at Lead Borrower’s option, less than) the Aggregate Revolving
Commitments (with each such reduction to result in a pro rata reduction in the L/C Issuer Sublimit of each L/C Issuer). 

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

“LIBO Rate” means: 

(a) for any Interest Period with respect to a LIBO Rate Loan, 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, two Business Days prior to the commencement of such Interest Period, for Dollar deposits (for delivery on the first day of such Interest Period) with
a term equivalent to such Interest Period; and 

  
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 (b) for any interest calculation with respect to a Base Rate Loan on any
date, 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; 

provided that (i) to the extent a comparable or successor rate is approved by the Administrative Agent in connection herewith, the
approved rate shall be applied in a manner consistent with market practice; provided, further that to the extent such market practice is not administratively feasible for the Administrative Agent, such approved rate shall be applied in
a manner as otherwise determined by the Administrative Agent and (ii) to the extent the LIBO Rate as determined pursuant to clause (a) or (b) above would otherwise be less than zero, then the LIBO Rate shall be deemed to be zero. 

“LIBO Rate Loan” means a Loan that bears interest at a rate based on the Adjusted LIBO Rate. 

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

“LIBOR Borrowing” means a Borrowing comprised of LIBO Rate Loans. 

“Lien” means any interest in property securing an obligation owed to, or a claim by, a Person other than the owner of the
property, whether such interest is based on common law, statute or contract. The term “Lien” shall also include reservations, exceptions, encroachments, easements,
rights-of-way, covenants, conditions, restrictions, leases and other title exceptions and encumbrances affecting property. For the purpose of this Agreement, each Person
shall be deemed to be the owner of any property that it has acquired or holds subject to a conditional sale agreement or other arrangement pursuant to which title to the property has been retained by or vested in some other Person for security
purposes. In no event shall the term “Lien” be deemed to include any license of Intellectual Property unless such license contains a grant of a security interest in such Intellectual Property. 

“Liquidation” means the exercise by the Administrative Agent or Collateral Agent of those rights and remedies accorded to
such Agents under the Loan Documents and applicable Laws as a creditor of the Loan Parties with respect to the realization on the Collateral, including (after the occurrence and during the continuation of an Event of Default) the conduct by the Loan
Parties acting with the consent of the Administrative Agent, of any public, private or “going-out-of-business,”
“store closing” or other similar sale or any other disposition of the Collateral for the purpose of liquidating the Collateral. Derivations of the word “Liquidation” (such as “Liquidate”) are used with like meaning in
this Agreement. 
 “Loan” means an extension of credit by a Lender to the Borrowers under Article II in the form of a FILO
Loan, a Revolving Loan or a Swing Line Loan. 

  
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 “Loan Account” has the meaning assigned to such term in
Section 2.11(a). 
 “Loan Cap” means, at any time of determination, the lesser of (a) the Aggregate Revolving
Commitments or (b) the Borrowing Base. 
 “Loan Documents” means this Agreement, each Note, each Issuer Document, all
Borrowing Base Certificates, the Blocked Account Agreements, the Credit Card Notifications, the Security Documents, each Intercreditor Agreement, the Facility Guaranty, each Joinder Agreement and any other instrument or agreement now or hereafter
executed and delivered in connection herewith, each as amended from time to time. 
 “Loan Parties” means, collectively,
the Borrowers and each Guarantor. 
 “Material Adverse Effect” means (a) a material adverse change in, or a material
adverse effect upon, the operations, business, assets, properties, liabilities, or financial condition of the Loan Parties and their Subsidiaries, taken as a whole; (b) a material impairment of the rights and remedies of the Agent or any Lender
under the Loan Documents, or of the ability of the Loan Parties, taken as a whole, to perform their obligations under the Loan Documents; or (c) a material adverse effect upon the legality, validity, binding effect or enforceability against the
Loan Parties, taken as a whole, of this Agreement or the Security Documents. 
 “Material Contract” means, with respect to
any Person, each contract (other than the Loan Documents) to which such Person is a party as to which the breach, nonperformance, or cancellation by any party thereto would have a Material Adverse Effect. 

“Material Indebtedness” means Indebtedness (other than the Obligations) of the Loan Parties in an aggregate principal amount
exceeding $150,000,000. For purposes of determining the amount of Material Indebtedness at any time, (a) the amount of the obligations in respect of any Swap Contract at such time shall be calculated at the Swap Termination Value thereof,
(b) undrawn committed or available amounts shall be excluded, and (c) all principal amounts owing to all creditors under any combined or syndicated credit arrangement shall be included. 

“Maturing Indebtedness Reserve” shall mean, as of any date, with respect to any installment(s) of principal of Indebtedness
described in clauses (a) and (d) of the definition of “Indebtedness” in excess of $500,000,000 with scheduled maturity dates within 60 days after such date, a reserve equal to the outstanding principal amount of such installments that
are due within 60 days after such date. For the avoidance of doubt, a Maturing Indebtedness Reserve shall not be established with respect to any principal installment of Indebtedness prior to the
60th day preceding the scheduled maturity date of such installment. 

“Maturity Date” means (i) with respect to the Revolving Commitments established on the Fourth Restatement Effective Date
that have not been converted to Extended Revolving Commitments pursuant to Section 2.16, December 20, 2026 and (ii) with respect to any other Revolving Commitments or Class of Loans, the final maturity date thereof as specified
in the applicable Increase Joinder or Extension Amendment. 
 “Maximum Rate” has the meaning provided therefor in
Section 10.09. 

  
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 “Measurement Period” means, at any date of determination, the most recently
completed four (4) consecutive Quarterly Accounting Periods of the Lead Borrower for which financial statements were required to have been delivered pursuant to Section 6.01 hereof. 

“Medicaid” means the health care program jointly financed and administered by the federal and state governments under Title
XIX of the Social Security Act. 
 “Medicaid Account” means any Accounts of Loan Parties arising pursuant to goods sold or
services rendered by Loan Parties to eligible Medicaid beneficiaries to be paid by a Fiscal Intermediary or by the United States of America acting under the Medicaid program, any State or the District of Columbia acting pursuant to a health plan
adopted pursuant to Title XIX of the Social Security Act or any other Governmental Authority under Medicaid. 
 “Medicare”
means the health care program under Title XVIII of the Social Security Act. 
 “Medicare Account” means any Accounts of
Borrowers or Guarantors arising pursuant to goods sold or services rendered by Borrowers or Guarantors to eligible Medicare beneficiaries to be paid by a Fiscal Intermediary or by the United States of America acting under the Medicare program or any
other Governmental Authority under Medicare. 
 “MoneyGram” means MoneyGram Payment Systems, Inc., together with its
successors and assigns. 
 “MoneyGram Agreement” means that certain Master Trust Agreement, from time to time in effect, by
and between the Lead Borrower and MoneyGram. 
 “Monthly Borrowing Base Delivery Event” shall have the meaning set forth in
Section 6.02(b). 
 “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 the
Lead Borrower or any ERISA Affiliate makes or is obligated to make contributions, or during the preceding five plan years, has made or been obligated to make contributions. 

“NAI” means New Albertsons L.P. (as successor by conversion to New Albertson’s, Inc., an Ohio corporation). 

“NAI Indenture” means the Indenture, dated as of May 1, 1992, between NAI and U.S. Bank National Association, as
trustee, as successor trustee to Morgan Guaranty Trust Company of New York, as supplemented by Supplemental Indenture No. 1 dated as of May 7, 2004, Supplemental Indenture No. 2 dated as of June 1, 2006, and Supplemental
Indenture No. 3 dated as of December 29, 2008 (as amended, supplemented or otherwise modified in accordance with the terms hereof). 

  
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 “NAI Notes” shall mean the notes issued by NAI under the NAI Indenture
prior to the Fourth Restatement Effective Date. 
 “NAI Purchase Agreement” means the Stock Purchase Agreement dated as of
January 10, 2013 by and among SVU, AB LLC, and NAI. 
 “Net Income” means, with respect to the Albertson’s Group,
the net income (loss) of such Person, determined in accordance with GAAP and before any reduction in respect of Preferred Stock dividends. 

“Net Proceeds” means with respect to any Disposition by any Loan Party, or any casualty or other insured damage to, or any
taking under power of eminent domain or by condemnation or similar proceeding of (and payments in lieu thereof), any property or asset of a Loan Party, the excess, if any, of (i) the sum of cash and Cash Equivalents received by any Loan Party
in connection with such transaction (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) over (ii) the sum of
(A) the principal amount of, premium or penalty, if any, interest and other amounts on any Indebtedness that is secured by the applicable asset by a Lien permitted hereunder which is senior to the Collateral Agent’s Lien on such asset and
that is required to be repaid (or for which an escrow is required to be established for the future repayment thereof) in connection with such transaction (other than Indebtedness under the Loan Documents or under any Bank Products or Cash Management
Services) or Indebtedness or other obligations of any Restricted Subsidiary that is disposed of in such transaction, plus (B) the reasonable and customary
out-of-pocket fees and expenses incurred by such Loan Party in connection with such transaction (including, without limitation, appraisals, and brokerage, legal,
advisor, title and recording or transfer tax expenses and commissions) paid by any Loan Party to third parties (other than Affiliates) plus (C) amounts provided as a reserve against any liabilities (x) under any indemnification
obligation or purchase price adjustment associated with such Disposition or (y) related to any of the applicable assets and retained by a Loan Party including, without limitation, Pension Plan and other post-employment benefit liabilities and
liabilities related to environmental matters or against any indemnification obligations (provided that to the extent and at the time any such amounts are released from such reserve, such amounts shall constitute Net Proceeds), plus
(D) in the case of any Disposition by, or any casualty or other insured damage to, or any taking under power of eminent domain or by condemnation or similar proceeding of, any property or asset of, a
non-wholly owned Loan Party, the pro rata portion of the Net Proceeds thereof (calculated without regard to this clause (D)) attributable to non-controlling interests or
not available for distribution to or for the account of a Loan Party as a result thereof, plus (E) taxes paid or reasonably estimated to be payable as a result thereof. 

“Non-Consenting Lender” has the meaning provided therefor in Section 10.01. 

“Non-Extension Notice Date” has the meaning specified in Section 2.03(b)(iii).

 “Note” means a promissory note made by the Borrowers in favor of a Lender evidencing Loans made by such Lender in form
reasonably satisfactory to the Lead Borrower and the Administrative Agent. 

  
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 “Obligations” means (a) all advances to, and debts (including
principal, interest, fees, costs, and expenses), liabilities, covenants, and indemnities of, any Loan Party arising under any Loan Document or otherwise with respect to any Loan or Letter of Credit (including payments in respect of reimbursement of
disbursements, interest thereon and obligations to provide cash collateral therefor), whether direct or indirect, absolute or contingent, due or to become due, now existing or hereafter arising and including interest, fees, costs, expenses and
indemnities that accrue after the commencement by or against any Loan Party or any Subsidiary thereof of any proceeding under any Debtor Relief Laws naming such Person as the debtor in such proceeding, regardless of whether such interest, fees
costs, expenses and indemnities are allowed claims in such proceeding, and (b) any Other Liabilities; provided, that the Obligations of any Guarantor shall not include any Excluded Swap Obligations of such Guarantor. 

“OFAC” shall mean the U.S. Treasury Department Office of Foreign Assets Control. 

“Organization Documents” means, (a) with respect to any corporation, the certificate or articles of incorporation and
the bylaws (or equivalent or comparable constitutive documents with respect to any non-U.S. jurisdiction); (b) with respect to any limited liability company, the certificate or articles of formation or
organization and operating agreement; (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,
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, and (d) in each case, all shareholder or other equity holder agreements, voting trusts and similar arrangements to which such Person is a party or which is applicable to its Equity Interests and all
other arrangements relating to the Control or management of such Person. 
 “Original Closing Date” means March 21,
2013. 
 “Other Liabilities” means any obligation on account of (a) any Cash Management Services furnished to any of
the Loan Parties and/or (b) any Bank Product furnished to any of the Loan Parties, as each may be amended from time to time, but in each case only if and to the extent that the provider of such Bank Product or Cash Management Service has
furnished the Administrative Agent with notice thereof as required under Section 9.12 hereof; provided, that the Other Liabilities of any Guarantor shall not include any Excluded Swap Obligations of such Guarantor. 

“Other Rate Early Opt-in” means the Administrative Agent and the Lead Borrower have
elected to replace LIBOR with a Benchmark Replacement other than a SOFR-based rate pursuant to (1) an Early Opt-in Election and (2) Section 3.03(b)(ii) and paragraph (2) of the definition
of “Benchmark Replacement”. 
 “Other Taxes” means all present or future stamp or documentary Taxes or any other
excise or property Taxes, charges or similar levies arising from any payment made hereunder or under any other Loan Document or from the execution, delivery, enforcement, registration of, or otherwise with respect to, this Agreement or any other
Loan Document, excluding, however, any 

  
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such amounts imposed as a result of an assignment (“Assignment Taxes”), but only to the extent such Assignment Taxes (i) do not relate to an assignment made at the request
of the Lead Borrower pursuant to Section 10.13 and (ii) are imposed as a result of a present or former connection between the assignor or assignee and the jurisdiction imposing such Tax (other than a connection arising from such assignor
or assignee 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, Letter of Credit or Loan Document). 
 “Outstanding Amount” means (i) with
respect to Loans on any date, the aggregate outstanding principal amount thereof after giving effect to any borrowings and prepayments or repayments of Loans, as the case may be, occurring on such date; and (ii) with respect to any L/C
Obligations on any date, the amount of such L/C Obligations on such date after giving effect to any L/C Credit Extension occurring on such date and any other changes in the aggregate amount of the L/C Obligations as of such date, including as a
result of any reimbursements by the Borrowers of Unreimbursed Amounts. 
 “Overadvance” means a Credit Extension (other
than a FILO Borrowing) to the extent that, immediately after its having been made, Excess Availability is less than $0. 

“PACA” means the Perishable Agriculture Commodities Act, 1930 and all regulations promulgated thereunder, as amended from
time to time. 
 “Participant” has the meaning specified in Section 10.06(d). 

“Participant Register” has the meaning specified in Section 10.06(d). 

“PASA” means the Packers and Stockyard Act, 1921 and all regulations promulgated thereunder, as amended from time to time.

 “Patriot Act” has the meaning provided in Section 10.17. 

“Payment Conditions” means, at the time of determination with respect to a Restricted Payment pursuant to
Section 7.06(f), that (a) no Default or Event of Default then exists or would arise as a result of the making of such payment, and (b) either (x) (i) before and after giving effect to such payment, the Excess Availability
Percentage will be equal to or greater than twelve and a half percent (12.5%) as at such date and on a pro forma basis for the preceding thirty (30) calendar day period and (ii) the pro forma Consolidated Fixed Charge Coverage Ratio
calculated on a trailing thirteen (13) four (4) week Accounting Period basis for which financial statements were required to be delivered pursuant to Section 6.01 hereof, after giving effect to such payment shall be greater than 1.00:1.00
or (y) before and after giving effect to such payment, the Excess Availability Percentage will be equal to or greater than seventeen and a half percent (17.5%) as at such date and on a pro forma basis for the preceding thirty (30) calendar
day period. Prior to undertaking any transaction or payment which is subject to the Payment Conditions, the Loan Parties shall deliver to the Administrative Agent an officer’s certificate (1) confirming that no Default or Event of Default
then exists or would arise as a result of the making of such payment 

  
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and (2) setting forth calculations showing satisfaction of the conditions contained in clause (b) above which shall be reasonably satisfactory to the Administrative Agent;
provided that no certificate shall be required to be delivered to the Administrative Agent with respect to any Restricted Payment (i) involving consideration of less than $25,000,000 or (ii) in an amount less than $200,000,000 if
the Excess Availability Percentage condition set forth in clause (b)(y) of the previous sentence would be satisfied substituting thirty percent (30%) for seventeen and a half percent (17.5%). 

“PBGC” means the Pension Benefit Guaranty Corporation. 

“PCAOB” means the Public Company Accounting Oversight Board. 

“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 a Borrower or any ERISA Affiliate or to which a Borrower 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 five plan years. 

“Perishable Inventory” means Inventory included in the following categories as reported by the Loan Parties consistent with
then-current industry practices: bakeries, produce, floral, dairy, fresh seafood, meat and deli. 
 “Perishables Cap” means
at any time of calculation, an amount not to exceed 25% of the Borrowing Base (without giving effect to the Script Cap). 

“Permitted Acquisition” means an 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 in which all of the following conditions are satisfied: 
 (a)
no Default or Event of Default shall have occurred and be continuing or would result therefrom (other than in respect of any Permitted Acquisition made pursuant to a legally binding commitment entered into at a time when no Default exists or would
result therefrom); 
 (b) Any acquired or newly formed Subsidiary shall not be liable for any Indebtedness except for
Permitted Indebtedness; 
 (c) The Loan Parties shall have satisfied the Adjusted Payment Conditions; and 

(d) Such Acquisition shall have been approved by the Board of Directors of the Person (or similar governing body if such Person
is not a corporation) which is the subject of such Acquisition and such Person shall not have announced that it will oppose such Acquisition or shall not have commenced any action which alleges that such Acquisition shall violate applicable Law.

  
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 “Permitted Cure Security” means any Equity Interest of the Lead Borrower
other than any Disqualified Stock; provided that any such Equity Interests issued for purposes of exercising a Cure Right pursuant to Section 8.04 that are not common Equity Interests shall be on terms and conditions reasonably
acceptable to the Administrative Agent. 
 “Permitted Discretion” means the Administrative Agent’s good faith credit
judgment acting in accordance with the Administrative Agent’s past practices for asset-based lending in the retail industry and based upon any factor or circumstance which it reasonably believes in good faith: (a) will or is reasonably
likely to adversely affect the value of the Collateral, the enforceability or priority of the Collateral Agent’s Liens thereon in favor of the Credit Parties or the amount which the Collateral Agent and the Credit Parties would likely receive
(after giving consideration to delays in payment and costs of enforcement) in the liquidation of such Collateral; (b) that any collateral report or financial information delivered to the Administrative Agent by or on behalf of the Loan Parties
is incomplete, inaccurate or misleading in any material respect; (c) will or is reasonably likely to materially increase the likelihood of a bankruptcy, reorganization or other insolvency proceeding involving any Loan Party; or (d) will or
is reasonably likely to create a Default or Event of Default. Notwithstanding the foregoing, it shall not be within Permitted Discretion for the Administrative Agent to establish Reserves which are duplicative of each other whether or not such
Reserves fall under more than one Reserve category. 
 “Permitted Disposition” means any of the following: 

(a) Dispositions of (i) inventory in the ordinary course of business, (ii) goods held for sale in the ordinary course
of business and (iii) other assets (including allowing any registrations or any applications for registration of any immaterial Intellectual Property to lapse or become abandoned) having Fair Market Value not exceeding $200,000,000 in the
aggregate per Fiscal Year for any such Dispositions in the ordinary course of business; 
 (b)
non-exclusive licenses of Intellectual Property of a Loan Party or any of its Subsidiaries, provided that such licenses shall not interfere with the ability of the Administrative Agent to exercise any
of its rights and remedies with respect to any of the Collateral or have a material adverse effect on the value of the Intellectual Property; 

(c) licenses for the conduct of licensed departments within the Loan Parties’ Stores and leases or other occupancy
agreements for banks and for other uses customarily located in the Loan Parties’ Stores, in each case in the ordinary course of business, but only to the extent that such licenses, leases and occupancy agreements do not have a Material Adverse
Effect on the operations of such Stores; 
 (d) Dispositions of Equipment (including abandonment of or other failures to
maintain and preserve) so long as after giving effect to such Disposition, no Default or Event of Default shall exist or have occurred and be continuing; 

(e) Dispositions among the Loan Parties or by any Restricted Subsidiary to a Loan Party; 

  
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 (f) Dispositions by any Restricted Subsidiary which is not a Loan Party to
another Restricted Subsidiary that is not a Loan Party; 
 (g) contributions of real property by a Loan Party to a Real
Estate Subsidiary, provided that the Loan Parties have caused such Real Estate Subsidiary to enter into a Collateral Access Agreement on terms reasonably satisfactory to the Administrative Agent in the event that a Loan Party or any
Subsidiary will occupy such Real Estate and maintain ABL Priority Collateral thereon; 
 (h) any Disposition which
constitutes a Permitted Investment, Restricted Payment permitted under Section 7.06 or Permitted Encumbrance (or an enforcement thereof) and any transaction permitted by Section 7.04; 

(i) Dispositions by any Loan Party or any Restricted Subsidiary of its right, title and interest in and to any Real Estate and
related fixtures, including, without limitation, Dispositions to any other Restricted Subsidiary or in connection with sale-leaseback transactions provided that the Loan Parties shall have used commercially reasonable efforts to cause the
Person (if not a Loan Party) acquiring such Real Estate to enter into a Collateral Access Agreement on terms reasonably satisfactory to the Administrative Agent in the event that a Loan Party or any Subsidiary will occupy such Real Estate and
maintain Collateral thereon; 
 (j) Dispositions of the Equity Interests of any Real Estate Financing Loan Party or
Unrestricted Subsidiary; 
 (k) (i) Dispositions consisting of the compromise, settlement or collection of accounts
receivable in the ordinary course of business and consistent with past practice and (ii) sales of assets received by a Borrower or any Subsidiary upon foreclosure of a Permitted Encumbrance; 

(l) Dispositions consisting of (i) leases, assignments or subleases in the ordinary course of business, including leases
of closed Stores, and (ii) the grant of any license or sublicense of patents, trademarks, know-how and any other intellectual property or other general intangibles; provided that such grant of
license or sublicense shall not prohibit the sale or liquidation of property of the type included in the Borrowing Base; 

(m) Dispositions of cash and Permitted Investments described in clauses (a) through (f) of the definition of
“Permitted Investments,” in each case on ordinary business terms; 
 (n) other Dispositions in the ordinary course
of business or of other assets outside of the ordinary course of business, provided that after giving effect to such Disposition the Excess Availability Condition shall have been satisfied (it being understood and agreed that the Net Proceeds
from such Dispositions may be used to repay the Obligations in order to satisfy the Excess Availability Condition); 

  
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 (o) (i) a sale of accounts receivable and related assets of the type
specified in the definition of “Receivables Financing” to a Receivables Subsidiary in a Qualified Receivables Financing or in factoring or similar transactions, and (ii) a transfer of accounts receivable and related assets of the type
specified in the definition of “Receivables Financing” (or a fractional undivided interest therein) by a Receivables Subsidiary in a Qualified Receivables Financing or in factoring or similar transactions; 

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

(q) Dispositions of property to the extent that (i) such property is exchanged for credit against the purchase price of
similar replacement property or (ii) the proceeds of such Disposition are promptly applied to the purchase price of such replacement property (including to the extent allowable under Section 1031 of the Code, any exchange of like property
(excluding any boot thereon) for use in a Similar Business); 
 (r) any exchange of assets for assets or services (other than
current assets) related to a similar business of comparable or greater market value or usefulness to the business of the Albertson’s Group as a whole, as determined in good faith by the Lead Borrower; 

(s) Dispositions of Investments in joint ventures to the extent required by, or made pursuant to customary buy/sell
arrangements between, the joint venture parties set forth in joint venture arrangements and similar binding arrangements; 

(t) any Disposition of Excluded Property (or the Equity Interests of Persons substantially all of the assets of which
constitute Excluded Property); 
 (u) any Disposition of CF Debt Priority Collateral; provided that if the Intellectual
Property of any Loan Party is Disposed of pursuant to this clause (u), the Collateral Agent shall be granted an irrevocable, non-exclusive license to use such Intellectual Property if needed and solely for the
purpose of enabling the Collateral Agent, during the continuation of an Event of Default, to exercise rights and remedies under Section 8.02 at such time as the Collateral Agent shall be lawfully entitled to exercise such rights and remedies;

 (v) any Disposition of Divested Properties; 

(w) any disposition of Equity Interests of a Restricted Subsidiary pursuant to an agreement or other obligation with or to a
Person (other than a Borrower or a Restricted Subsidiary) from whom such Restricted Subsidiary was acquired, or from whom such Restricted Subsidiary acquired its business and assets (having been newly formed in connection with such acquisition),
made as part of such acquisition and in each case comprising all or a portion of the consideration in respect of such sale or acquisition; 

  
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 (y) any surrender or waiver of contract rights or the settlement, release or
surrender of contract, tort or other claims of any kind; and 
 (z) the unwinding of any Swap Contract pursuant to its terms.

 “Permitted Encumbrances” means: 

(a) Liens imposed by law for Taxes that are not yet due or are being contested in compliance with Section 6.04 (other than
clause (a)(iv) of such section); 
 (b) Carriers’, warehousemen’ s, mechanics’, materialmen’ s,
repairmen’s and other like Liens imposed by applicable Laws, arising in the ordinary course of business and securing obligations that are not overdue by more than thirty (30) days or are being contested in compliance with Section 6.04
(other than clause (a)(iv) of such section); 
 (c) (i) Pledges and deposits made in the ordinary course of business in
compliance with workers’ compensation, unemployment insurance and other social security laws or regulations, other than any Lien imposed by ERISA and (ii) Liens in connection with the Settlement Agreement consisting of a security deposit
of $75,000,000 in cash; provided, however, that Permitted Encumbrances shall not include any pledges or deposits to secure California workers’ compensation self-insurance liabilities of, or originally incurred by, SVU, NAI or any
of their current or former Subsidiaries attributable to periods prior to the Original Closing Date; 
 (d) Pledges and
deposits to secure or relating to the performance of bids, trade contracts, government contracts and leases (other than Indebtedness), statutory obligations, surety, stay, customs and appeal bonds, performance bonds and other obligations of a like
nature incurred in the ordinary course of business; 
 (e) (i) Liens in respect of judgments that would not constitute an
Event of Default hereunder, and (ii) notices of lis pendens and associated rights related to litigation being contested in good faith by appropriate proceedings that have the effect of preventing the forfeiture or sale of the property or assets
subject to such notices and rights and for which adequate reserves have been made to the extent required by GAAP; 
 (f) (i)
Easements, covenants, conditions, restrictions, building code laws, zoning restrictions, rights-of-way and similar encumbrances on real property that do not secure any
monetary obligations and do not materially detract from the value of the affected property or materially interfere with the ordinary conduct of business of the Loan Parties taken as a whole and such other minor title defects or survey matters that
are disclosed by current surveys that, in each case, do not materially interfere with the current use of the real property, and (ii) mortgages, liens, security interests, restrictions, encumbrances or any other matters of record that have been
placed by any government, statutory or regulatory authority, developer, landlord or other third party (in each case, other than a Loan Party or any Restricted Subsidiary) on property over which a Loan Party or any Restricted Subsidiary of a Loan
Party has easement rights or on any leased property with respect to which a Loan Party or a Restricted Subsidiary is the tenant and subordination or similar arrangements relating thereto and (iii) any condemnation or eminent domain proceedings
affecting any real property; 

  
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 (g) Liens existing on the Fourth Restatement Effective Date and listed on
Schedule 7.01 and any renewals or extensions thereof, provided that (i) the property covered thereby is not changed, (ii) the amount secured or benefited thereby is not increased (other than as permitted as
“Permitted Indebtedness”), (iii) the direct or any contingent obligor with respect thereto is not changed, and (iv) any renewal or extension of the obligations secured or benefited thereby is otherwise permitted hereunder) (provided
that clauses (i) and (iii) shall not apply to Indebtedness incurred to refinance, refund, extend, renew or replace the Existing Legacy Notes); 

(h) Liens on fixed or capital assets acquired by any Loan Party securing Indebtedness permitted under clause (c) of the
definition of Permitted Indebtedness so long as such Liens shall not extend to any other property or assets of the Loan Parties, other than replacements thereof and additional and accessions to such property and the products and proceeds thereof;

 (i) Liens pursuant to any Loan Documents (including Liens securing the 2037 ASC Debentures); 

(j) statutory or common law Liens of landlords and sub-landlords securing obligations
that are not overdue by more than thirty (30) days or are being contested in compliance with Section 6.04 (other than clause (a)(iv) of such section); 

(k) Possessory Liens in favor of brokers and dealers arising in connection with the acquisition or disposition of Investments
owned as of the Fourth Restatement Effective Date and Permitted Investments, provided that such Liens (a) attach only to such Investments and (b) secure only obligations arising in connection with the acquisition or disposition of
such Investments and not any obligation in connection with margin financing; 
 (l) Liens arising solely by virtue of any
statutory or common law provisions relating to banker’s liens, liens in favor of securities intermediaries, rights of setoff or similar rights and remedies as to deposit accounts or securities accounts or other funds maintained with depository
institutions and securities intermediaries; 
 (m) Liens arising from precautionary UCC filings regarding operating leases,
the consignment or bailment of goods to a Loan Party or Liens on equipment of the Borrowers and their Subsidiaries granted in the ordinary course of business to a client or supplier at which such equipment is located; 

  
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 (n) Voluntary Liens on property (other than property of the type included in
the Borrowing Base) in existence at the time such property is acquired pursuant to a Permitted Acquisition or other Permitted Investment (or other acquisition or investment not prohibited hereunder) or is otherwise merged or consolidated with a
Restricted Subsidiary or on such property of a Restricted Subsidiary of a Loan Party in existence at the time such Restricted Subsidiary is acquired pursuant to a Permitted Acquisition or other Permitted Investment (or other acquisition or
investment not prohibited hereunder) or is otherwise merged or consolidated with a Restricted Subsidiary; provided that such Liens are not incurred in connection with or in anticipation of such Permitted Acquisition or other Permitted
Investment or other acquisition or investment not prohibited hereunder or merger or consolidation and do not attach to any other assets of any Loan Party or any Restricted Subsidiary; 

(o) Liens in favor of customs and revenues authorities imposed by applicable Laws arising in the ordinary course of business in
connection with the importation of goods and securing obligations (i) that are not overdue by more than thirty (30) days, or (ii) (A) that are being contested in good faith by appropriate proceedings, (B) the applicable Loan
Party or Restricted Subsidiary has set aside on its books adequate reserves with respect thereto in accordance with GAAP and (C) such contest effectively suspends collection of the contested obligation and enforcement of any Lien securing such
obligation; 
 (p) Liens consisting of claims under PACA or PASA; 

(q) Liens in favor of the Collateral Agent or any other Credit Party pursuant to any Loan Document; 

(r) Liens securing Indebtedness permitted pursuant to clause (t) of the definition of “Permitted Indebtedness”;
provided such Liens on the assets comprising ABL Priority Collateral are junior to those securing the Obligations and subject at all times to an Intercreditor Agreement; 

(s) Liens or rights of setoff against credit balances of Loan Parties or Restricted Subsidiaries with Credit Card Issuers or
Credit Card Processors or amounts owing by such Credit Card Issuers or Credit Card Processors to such Loan Party or Restricted Subsidiary in the ordinary course of business, but not Liens on or rights of setoff against any other property or assets
of Loan Parties or Restricted Subsidiaries to secure the obligations of Loan Parties or Restricted Subsidiaries to the Credit Card Issuers or Credit Card Processors as a result of fees and chargebacks; 

(t) Security interests in investments in purchasing cooperatives permitted by the definition of Permitted Investments, which
are granted to the applicable cooperative to secure obligations of a Loan Party to such cooperative arising in connection with purchases from such cooperative or other customary transactions between such Loan Party and such cooperative; 

  
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 (u) The security or other interests of MoneyGram in the Trust Funds, which
are granted to MoneyGram to secure the obligations of the Loan Parties arising under the MoneyGram Agreement; provided that such security interest of MoneyGram in the Trust Funds is subordinate to that of the Administrative Agent and does not
extend to any of the property of the Loan Parties other than the Trust Funds; 
 (v) [reserved]; 

(w) Liens solely on any cash earnest money deposits made by a Borrower or any of its Restricted Subsidiaries in connection with
any letter of intent or purchase agreement permitted hereunder or consisting of an agreement to sell any property (including liens on assets deemed to arise as a result thereof); 

(x) Liens on accounts receivable and related assets of the type specified in the definition of “Receivables
Financing” arising in connection with a Qualified Receivables Financing; 
 (y) [Reserved]; 

(z) Liens arising out of conditional sale, title retention, consignment or similar arrangements for the sale of goods entered
into in the ordinary course of business; 
 (aa) deposits made in the ordinary course of business to secure liability to
insurance carriers and Liens arising by operation of law or contract on insurance policies and the proceeds thereof to secure premiums thereunder, and Liens, pledges and deposits in the ordinary course of business securing liability for premiums or
reimbursement or indemnification obligations of (including obligations in respect of letters of credit or bank guarantees for the benefits of) insurance carriers; 

(bb) any interest or title of a lessor, sublessor, licensor or sublicensor under leases, subleases, licenses or sublicenses
(including software and other technology licenses) entered into by a Borrower or any of its Subsidiaries in the ordinary course of business; 

(cc) Liens on the assets of, and Equity Interests in, Real Estate Financing Loan Parties pursuant to a Qualified Real Estate
Financing Facility; 
 (dd) Liens in favor of any Loan Party; 

(ee) Liens incurred by a Restricted Subsidiary that is not a Loan Party securing any Permitted Indebtedness of a Restricted
Subsidiary that is not a Loan Party; 
 (ff) [Reserved]; 

  
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 (gg) Liens not otherwise permitted by any one or more of the foregoing
clauses; provided that (i) the aggregate principal amount of obligations secured thereby does not exceed the greater of $1,250,000,000 at any time outstanding and 5.00% of Total Assets at any time, and (ii) if any such Lien is
granted over any of the ABL Priority Collateral, such Lien must be subject to an Intercreditor Agreement and junior in all respects to the Liens in favor of the Obligations under this Agreement; 

(hh) [Reserved]; 

(ii) Liens securing the Existing Safeway Debentures permitted under clause (x) of the definition of “Permitted
Indebtedness,” and Permitted Refinancings thereof so long as such Liens are subject to an intercreditor agreement in form and substance reasonably satisfactory to the Collateral Agent and such Liens on ABL Priority Collateral are junior to the
Liens securing the Obligations under this Agreement; 
 (jj) Liens on cash deposits, securities or other property in deposit
or securities accounts in connection with the redemption, defeasance, repurchase or other discharge of any notes issued by the Lead Borrower or any of its Subsidiaries to the extent not prohibited by Section 7.07 of this Agreement; 

(kk) [Reserved]; 

(ll) any encumbrance or restriction (including put and call arrangements) with respect to Equity Interests of any joint venture
or similar arrangement pursuant to any joint venture or similar agreement; 
 (mm) Liens on Excluded Property; 

(nn) Liens securing Indebtedness permitted pursuant to clauses (d), (e), (l), (m), (n) (to the extent the related Permitted
Indebtedness is permitted to be secured) and (o) of the definition of “Permitted Indebtedness”; 
 (oo) Liens
to secure any refinancing, refunding, extension, renewal or replacement (or successive refinancings, refundings, extensions, renewals or replacements) as a whole, or in part, of any Indebtedness secured by any Lien referred to in the foregoing
clauses (g), (n) and (r); provided, however, that (x) such new Lien shall be limited to all or part of the same property that was encumbered by the original Lien (plus improvements on such property) or could have been encumbered by the original
Lien (provided, that this clause (x) shall not apply to Indebtedness incurred to refinance, refund, extend, renew or replace the Existing Safeway Debentures (or any successive refinancings, refundings, extensions, renewals or replacements
thereof)), and (y) the Indebtedness secured by such Lien at such time is not increased to any amount greater than the sum of (A) the outstanding principal amount or, if greater, committed amount of the Indebtedness described under such
clause at the time the original Lien became a Permitted Encumbrance, plus accretion of original issue discount, and (B) an amount necessary to pay any fees and expenses, including premiums, related to such refinancing, refunding, extension,
renewal or replacement; provided that nothing contained above in this subsection 

  
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(oo) shall prevent a Borrower or any Restricted Subsidiary from pledging any asset to secure any Indebtedness (including refinancing Indebtedness) of Safeway and its Subsidiaries, so long as
Safeway and its Subsidiaries were otherwise permitted to incur or maintain such Indebtedness under the terms of this Agreement; provided, further that such Liens with respect to the foregoing clause (r) are subject to an
intercreditor agreement in form and substance reasonably satisfactory to the Collateral Agent and such Liens on ABL Priority Collateral are junior to the Liens securing the Obligations under this Agreement; 

(pp) Liens on cash collateral deposited into any escrow account issued in connection with any Permitted Acquisition pursuant to
customary escrow arrangements reasonably satisfactory to the Administrative Agent to the extent such cash collateral represents the proceeds of financing and additional amounts to pay accrued interest on and/or the redemption price of the financing;

 (qq) Liens on Collateral securing ASC/NAI Notes Refinancing Indebtedness; provided such Liens on the ABL Priority
Collateral are junior to the Liens securing the Obligations and subject at all times to an intercreditor agreement in form and substance satisfactory to the Collateral Agent; and 

(rr) Liens on ASC’s rights, title, and interest in the SVU Escrow Account in favor of SVU and the trustee under the ASC
Indenture. 
 For purposes of determining compliance with this definition of “Permitted Encumbrances”, in the event that a Lien meets the criteria
of more than one of the categories of Liens described in clauses (a) through (rr) above, the Lead Borrower shall, in its sole discretion, classify and reclassify or later divide, classify or reclassify such Lien (or any portion thereof) in one
or more of the above clauses; provided that all Liens pursuant to the Loan Documents will at all times be deemed to be outstanding in reliance on the exception in clause (i) above. 

“Permitted Holders” shall mean (i) the Equity Investors and any other Funds or managed accounts advised or managed by
any Equity Investor or any of an Equity Investor’s Affiliates, (ii) any person that has no material assets other than the capital stock of the Lead Borrower, a parent of the Lead Borrower or capital stock of a Person engaged in a Similar
Business and, directly or indirectly, holds or acquires 100% of the total voting power of the Voting Stock of the Lead Borrower, and of which no other Person or group (within the meaning of Section 13(d)(3) or Section 14(d)(2) of the
Exchange Act, or any successor provision), other than any Permitted Holder specified in clause (i) above, holds more than 50% of the total voting power of the Voting Stock thereof, and (iii) any group (within the meaning of
Section 13(d)(3) or Section 14(d)(2) of the Exchange Act, or any successor provision) the members of which include any Permitted Holder specified in clause (i) above and that, directly or indirectly, hold or acquire beneficial
ownership of the Voting Stock of the Lead Borrower (a “Permitted Holder Group”), so long as (1) each member of the Permitted Holder Group has voting rights proportional to the percentage of ownership interests held or acquired
by such member and (2) no Person or other “group” (other than a Permitted Holder specified in clause (i) above) beneficially owns more than 50% on a fully diluted basis of the Voting Stock held by the Permitted Holder Group. 

  
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 “Permitted Indebtedness” means each of the following: 

(a) Indebtedness outstanding on the Fourth Restatement Effective Date and listed on Schedule 7.03 and any Permitted
Refinancing thereof; 
 (b) Indebtedness among the Lead Borrower and its Restricted Subsidiaries; provided that all
such Indebtedness of any Loan Party owed to any Restricted Subsidiary that is not a Loan Party shall be subordinated to the Obligations in a manner reasonably satisfactory to the Administrative Agent; provided, further, that any
subsequent issuance or transfer of any Equity Interests or any other event which results in any Restricted Subsidiary lending such Indebtedness ceasing to be a Restricted Subsidiary or any other subsequent transfer of any such Indebtedness (except
to a Borrower or another Restricted Subsidiary) shall be deemed, in each case, to be an incurrence of such Indebtedness; 

(c) without duplication of Indebtedness described in clause (g) below, purchase money Indebtedness of any Loan Party
incurred after the Fourth Restatement Effective Date to finance the acquisition, lease, construction or improvement of any fixed or capital assets, including Attributable Indebtedness under Capital Lease Obligations and Synthetic Lease Obligations,
and any Indebtedness assumed in connection with the acquisition of any such assets or secured by a Lien on any such assets prior to the acquisition thereof, and Permitted Refinancings thereof, provided, however, that (i) the
aggregate principal amount of Indebtedness permitted by this clause (c) shall not exceed the greater of $1,500,000,000 at any time outstanding and 6.00% of the Total Assets at the time of incurrence, (ii) such Indebtedness is incurred
prior to or within two hundred and seventy days (270) after such acquisition, lease, construction or improvement (other than Permitted Refinancing thereof), and (iii) such Indebtedness does not exceed the cost of acquisition, lease,
construction or improvement of such fixed or capital assets; 
 (d) obligations (contingent or otherwise) of any Loan Party
or any Restricted Subsidiary thereof existing or arising under any Swap Contract, provided that such obligations are (or were) entered into by such Person in the ordinary course of business for the purpose of directly mitigating risks
associated with fluctuations in interest rates or foreign exchange rates, and not for purposes of speculation or taking a “market view”; 

(e) obligations in respect of self-insurance and obligations (including reimbursement obligations with respect to letters of
credit and bank guarantees) in respect of performance, bid, appeal and surety bonds and similar instruments and performance and completion guarantees and similar obligations, in each case, incurred in the ordinary course of business; 

(f) [Reserved]; 

(g) Indebtedness with respect to the deferred purchase price for any Permitted Acquisition or other Permitted Investment,
provided that such Indebtedness (other than Earn-Out Obligations) does not require the payment in cash of principal (other than in respect of working capital adjustments) prior to the Maturity Date, has
a final maturity which extends beyond the Maturity Date, and is subordinated to the Obligations on terms reasonably acceptable to the Administrative Agent; provided, further, that any such Indebtedness constituting Earn-Out Obligations is paid within 30 days after such amount becomes due; 

  
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 (h) Indebtedness of any Person that becomes a Restricted Subsidiary of a
Loan Party in a Permitted Acquisition, Permitted Investment (or other acquisition not prohibited hereunder), which Indebtedness is existing at the time such Person becomes a Restricted Subsidiary of a Loan Party (other than Indebtedness incurred
solely in contemplation of such Person’s becoming a Restricted Subsidiary of a Loan Party) and Permitted Refinancings thereof; 

(i) the Obligations; 

(j) Indebtedness arising from indemnification obligations in favor of SVU pursuant to the NAI Purchase Agreement; 

(k) Subordinated Indebtedness; 

(l) Indebtedness arising pursuant to appeal bonds or similar instruments required in connection with judgments that do not
result in a Default or Event of Default; 
 (m) obligations in respect of letters of credit existing as of the Fourth
Restatement Effective Date to secure obligations of the type described in clauses (c) and (d) of the definition of “Permitted Encumbrances”; 

(n) Guarantees of Indebtedness described in this definition; 

(o) Indebtedness incurred by a Receivables Subsidiary in a Qualified Receivables Financing that is non-recourse (except for Standard Securitization Undertakings) to a Borrower or any of its Subsidiaries (other than such Receivables Subsidiary); 

(p) Indebtedness with respect to all obligations and liabilities, contingent or otherwise, in respect of letters of credit,
acceptances and similar facilities incurred in the ordinary course of business, including, without limitation, letters of credit in respect of workers’ compensation claims, health, disability or other employee benefits (whether current or
former) or property, casualty or liability insurance or self-insurance, or other Indebtedness with respect to reimbursement-type obligations regarding workers’ compensation claims; 

(q) Indebtedness to current or former officers, managers, consultants, directors and employees, their respective estates,
spouses or former spouses to finance the purchase or redemption of Equity Interests of the Lead Borrower or any other direct or indirect parent of a Borrower permitted by Section 7.06; 

  
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 (r) Indebtedness consisting of (i) the financing of insurance premiums
or (ii) take-or-pay obligations contained in supply arrangements, in each case, in the ordinary course of business; 

(s) (A) obligations under Cash Management Services and other Indebtedness in respect of netting services, automatic
clearinghouse arrangements or (B) Indebtedness arising from the honoring of a bank or other financial institution of a check, draft or similar instrument drawn against insufficient funds in the ordinary course of business, provided that
such Indebtedness is extinguished within ten Business Days of its incurrence; 
 (t) Future CF Debt and any Permitted
Refinancing thereof; 
 (u) Indebtedness of Real Estate Financing Loan Parties under a Qualified Real Estate Financing
Facility and Permitted Refinancings thereof; 
 (v) [Reserved]; 

(w) [Reserved]; 

(x) Indebtedness in respect of Existing Safeway Debentures and Permitted Refinancings thereof; 

(y) [Reserved]; 

(z) Indebtedness secured by cash deposits, securities or other property in deposit or securities accounts in connection with
the redemption, defeasance, repurchase or other discharge of any notes to the extent not prohibited by Section 7.07 of this Agreement; 

(aa) Indebtedness not specifically described herein in an aggregate principal amount not to exceed the greater of (x)
$1,000,000,000 at any time outstanding or (y) 4.00% of the Total Assets at the time of such incurrence at any time outstanding; 

(bb) the ASC Notes, the NAI Notes and Permitted Refinancing thereof; 

(cc) Indebtedness of a Borrower or any Restricted Subsidiary incurred in the ordinary course of business under guarantees of
Indebtedness of suppliers, licensees, franchisees or customers in an aggregate principal amount not to exceed $300,000,000at any one time outstanding; 

(dd) Indebtedness of Foreign Subsidiaries of a Borrower in an aggregate principal amount not to exceed the greater of (x)
$1,000,000,000 at any time outstanding or (y) 4.00% of the Total Assets of all Foreign Subsidiaries at the time of such incurrence and any Permitted Refinancing thereof; 

  
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 (ee) to the extent constituting Indebtedness, obligations in respect of
(i) customer deposits and advance payments received in the ordinary course of business; (ii) letters of credit, bankers’ acceptances, guarantees or other similar instruments or obligations issued or relating to liabilities or
obligations incurred in the ordinary course of business and (iii) any customary cash management, cash pooling or netting or setting off arrangements or automatic clearinghouse arrangements in the ordinary course of business; 

(ff) Contribution Indebtedness and any Permitted Refinancing thereof; and 

(gg) ASC/NAI Notes Refinancing Indebtedness. 

For purposes of determining compliance with this definition of “Permitted Indebtedness,” 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 (gg) above, the Lead Borrower shall, in its sole discretion, classify and reclassify or later divide, classify or reclassify
such item of Indebtedness (or any portion thereof) in one or more of the above clauses; provided that (i) all Indebtedness outstanding under the Loan Documents will at all times be deemed to be outstanding in reliance only on the
exception in clause above. 
 “Permitted Investments” means each of the following: 

(a) collectively, “Cash Equivalents” (including the subsequent monetization thereof): 

(i) U.S. dollars, pounds sterling, euros, the national currency of any participating member state of the European Union or, in
the case of any Foreign Subsidiary that is a Restricted Subsidiary, such local currencies held by it from time to time in the ordinary course of business; 

(ii) securities issued or directly and fully guaranteed or insured by the government of the United States or any country that
is a member of the European Union or any agency or instrumentality thereof in each case with maturities not exceeding two years from the date of acquisition; 

(iii) certificates of deposit, time deposits and eurodollar deposits with maturities of one year or less from the date of
acquisition, bankers’ acceptances, in each case with maturities not exceeding one year, and overnight bank deposits, in each case with any commercial bank having capital and surplus in excess of $500,000,000, or the foreign currency equivalent
thereof, and whose long-term debt is rated “A” or the equivalent thereof by Moody’s or S&P (or reasonably equivalent ratings of another internationally recognized ratings agency); 

(iv) repurchase obligations for underlying securities of the types described in clauses (ii) and (iii) above entered into
with any financial institution meeting the qualifications specified in clause (iii) above; 

  
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 (v) commercial paper issued by a corporation (other than an Affiliate of the
Lead Borrower) rated at least “A-1” or the equivalent thereof by Moody’s or S&P (or reasonably equivalent ratings of another internationally recognized ratings agency) and in each case
maturing within one year after the date of acquisition; 
 (vi) readily marketable direct obligations issued by any state of
the United States of America or any political subdivision thereof having one of the two highest rating categories obtainable from either Moody’s or S&P (or reasonably equivalent ratings of another internationally recognized ratings agency)
in each case with maturities not exceeding two years from the date of acquisition; 
 (vii) Indebtedness issued by Persons
(other than the Equity Investors or any of their Affiliates) with a rating of “A” or higher from S&P or “A-2” or higher from Moody’s in each case with maturities not exceeding two
years from the date of acquisition; and 
 (viii) investment funds investing at least 95% of their assets in securities of
the types described in clauses (i) through (vii) above. 
 (b) Investments (x) existing on the Fourth Restatement
Effective Date, and set forth on Schedule 7.02, (y) made pursuant to binding commitments (whether or not subject to conditions) in effect on the Fourth Restatement Effective Date and set forth on Schedule 7.02 or (z) that replace, refinance,
refund, renew or extend any Investment described under either of the immediately preceding clauses (x) or (y) but not any increase in the amount thereof unless required by the terms of the Investment or otherwise permitted hereunder; 

(c) (i) Investments in the Lead Borrower and its Restricted Subsidiaries; provided that Investments by Loan Parties in
Restricted Subsidiaries that are not Loan Parties pursuant to this clause (c) may be made if (i) Adjusted Payment Conditions have been satisfied or (ii) in an amount up to $100,000,000 at any time outstanding; 

(d) 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 to the extent reasonably necessary in order to prevent or limit loss; 

(e) Guarantees constituting Permitted Indebtedness; 

(f) Investments by any Loan Party in Swap Contracts permitted hereunder; 

(g) Investments received in connection with the bankruptcy or reorganization of, or settlement of delinquent accounts and
disputes with customers and suppliers, in each case in the ordinary course of business; 

  
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 (h) loans or advances to officers, directors and employees of any Loan Party
(or any direct or indirect parent thereof) or any of its Subsidiaries (i) for reasonable and customary business-related travel, entertainment, relocation and analogous ordinary business purposes and (ii) for any other purposes not
described in the foregoing clause (i); provided that the aggregate principal amount outstanding at any time under clause (ii) above shall not exceed $75,000,000 at any time outstanding; 

(i) advances of payroll payments to employees in the ordinary course of business and Investments made pursuant to employment
and severance arrangements of officers and employees in the ordinary course of business and transactions pursuant to stock option plans and employee benefit plans and arrangements in the ordinary course of business; 

(j) (i) Investments constituting Permitted Acquisitions and (ii) the acquisition of any property locations from any Person
for which the aggregate consideration payable in connection with such acquisition is less than $250,000,000; 
 (k)
Investments consisting of deposits, prepayments and other credits to suppliers in the ordinary course of business; 
 (l)
obligations of retail account debtors to any Borrower or Guarantor arising from Albertson’s Private Label Accounts; 

(m) the endorsement of instruments for collection or deposit in the ordinary course of business; 

(n) as long as no Dominion Trigger Event exists at the time of the making of such Investment or would arise therefrom,
intercompany loans and advances by any Loan Party to the Real Estate Subsidiaries in an aggregate amount outstanding at any time not to exceed $100,000,000, resulting from payments made by such Loan Party on account of expenses and liabilities
(other than Indebtedness) of the Real Estate Subsidiaries incurred in the ordinary course of business (including in respect of maintenance and repairs of Real Estate), so long as each such loan or advance is repaid upon the earlier to occur of
(i) ninety (90) days after the date such Loan Party pays such expense or liability or (ii) the date such Real Estate Subsidiary is no longer a Subsidiary of any Loan Party; 

(o) investments arising from the contribution of Real Estate of a Loan Party to the Real Estate Subsidiaries on or after the
Fourth Restatement Effective Date; 
 (p) Investments in the Equity Interests of, or in obligations of, a purchasing or
distribution cooperative of which a Loan Party is a member in the ordinary course of its business; 
 (q) Investments
consisting of non-cash consideration received in connection with the Permitted Dispositions; 

  
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 (r) any Investment in a Receivables Subsidiary or any Investment by a
Receivables Subsidiary in any other Person in connection with a Qualified Receivables Financing, including Investments of funds held in accounts permitted or required by the arrangements governing such Qualified Receivables Financing or any related
Indebtedness; 
 (s) [Reserved]; 

(t) Investments of a Restricted Subsidiary acquired after the Fourth Restatement Effective Date or of an entity merged into or
consolidated with a Restricted Subsidiary in accordance with the definition of Unrestricted Subsidiary after the Fourth Restatement Effective Date to the extent that such Investments were not made in contemplation of such acquisition, merger or
consolidation and were in existence on the date of such acquisition, merger or consolidation; 
 (u) any Investment
consisting of intercompany current liabilities in connection with the cash management, tax and accounting operations of the Albertson’s Group or any transaction permitted under Section 7.09; 

(v) other Investments (other than the purchase or other acquisition of property and assets or businesses of any Person or of
assets constituting a business unit, 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));
provided that the Loan Parties shall have satisfied the Adjusted Payment Conditions;  

(w) [Reserved]; 

(x) Investments consisting of (i) purchases, redemptions or other acquisitions of any notes issued by a Borrower or any of
its Subsidiaries, or (ii) cash, securities or other property in deposit or securities accounts created in connection with the redemption, defeasance, repurchase, satisfaction or discharge of any such notes or any Permitted Refinancing in
respect thereof, in each case, in accordance with Section 7.07; 
 (y) any Investment made with Excluded Property,
including, any such Investment made in an Unrestricted Subsidiary or joint venture (or similar entity); 
 (z) Investments
consisting of the licensing or contribution of intellectual property pursuant to joint marketing arrangements with other Persons; 

(aa) Investments consisting of purchases and acquisitions of inventory, supplies, materials and equipment or purchases of
contract rights or licenses or leases of intellectual property, in each case in the ordinary course of business; 
 (bb)
[Reserved]; 

  
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 (cc) Investments by an Unrestricted Subsidiary entered into prior to the day
such Unrestricted Subsidiary is redesignated as a Restricted Subsidiary and not entered into in contemplation thereof; 

(dd) Investments in receivables owing to the Lead Borrower or any Restricted Subsidiary created or acquired in the ordinary
course of business; 
 (ee) to the extent constituting an Investment, Permitted Encumbrances or Permitted Indebtedness; 

(ff) Investments consisting of earnest money deposits required in connection with a purchase agreement, or letter of intent, or
other acquisitions to the extent not otherwise prohibited hereunder; and 
 (gg) 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 Lead Borrower or any of its Subsidiaries; and 

(hh) Investments the payment for which consists of the Equity Interests of the Lead Borrower (other than Disqualified Stock) or
any direct or indirect parent of the Lead Borrower; 
 provided, however, that notwithstanding the foregoing, after the occurrence and during
the continuation of a Dominion Trigger Event, (i) no new Investments of the type specified in clause (a) (other than U.S. Dollars) shall be permitted unless either (A) no Loans are then outstanding, or (B) the Investment is a
temporary Investment pending expiration of an Interest Period for a LIBO Rate Loan, the proceeds of which Investment will be applied to the Obligations after the expiration of such Interest Period, and (ii) to the extent not already subject to
the perfected security interest of the Collateral Agent under the Security Documents, such Investments are pledged to the Collateral Agent as additional collateral for the Obligations pursuant to such agreements as are reasonably required by the
Collateral Agent. 
 “Permitted Overadvance” means an Overadvance made by the Administrative Agent, in its Permitted
Discretion, which: 
 (a) is made to maintain, protect or preserve the Collateral and/or the Credit Parties’ rights
under the Loan Documents or which is otherwise for the benefit of the Credit Parties; or 
 (b) is made to enhance the
likelihood of, or to maximize the amount of, repayment of any Obligation; or 
 (c) is made to pay any other amount
chargeable to any Loan Party hereunder; and 

  
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 (d) together with all other Permitted Overadvances then outstanding, shall
not (i) exceed five percent (5%) of the Borrowing Base at any time or (ii) unless a Liquidation is occurring, remain outstanding for more than forty-five (45) consecutive Business Days, unless the Required Lenders otherwise agree;

 provided however, that the foregoing shall not (i) modify or abrogate any of the provisions of Section 2.03 regarding the
Revolving Lender’s obligations with respect to Letters of Credit, or (ii) result in any claim or liability against the Administrative Agent (regardless of the amount of any Overadvance) for Unintentional Overadvances, and such
Unintentional Overadvances shall not reduce the amount of Permitted Overadvances allowed hereunder, and further provided that in no event shall the Administrative Agent make an Overadvance, if after giving effect thereto, the principal
amount of the Credit Extensions would exceed the Aggregate Revolving Commitments (as in effect prior to any termination of the Revolving Commitments pursuant to Section 2.06 hereof). 

“Permitted Refinancing” means, with respect to any Person, any modification, refinancing, refunding, renewal, replacement 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, replaced or extended except by an amount equal to unpaid accrued interest and premium (including any customary tender premiums) thereon plus other amounts paid, and fees and expenses reasonably incurred, in connection
with such modification, refinancing, refunding, renewal, replacement or extension and by an amount equal to any existing commitments unutilized thereunder, (b) such modification, refinancing, refunding, renewal, replacement 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,
replaced or extended (measured at the time such modification, refinancing, refunding, renewal, replacement or extension occurs); provided that the requirements of this clause (b) shall not apply to any modification, refinancing,
refunding, renewal, replacement or extension of any Existing Safeway Debentures so long as the Indebtedness resulting from such modification, refinancing, refunding, renewal, replacement or extension does not have a final maturity prior to 91 days
after the latest Maturity Date then in effect or a Weighted Average Life to Maturity that is shorter than the period from the date of such modification, refinancing, refunding, renewal, replacement or extension to the date that is 91 days after the
latest Maturity Date then in effect, (c) at the time thereof, no Event of Default shall have occurred and be continuing, (d) to the extent such Indebtedness being modified, refinanced, refunded, renewed, replaced or extended is
subordinated in right of payment to the Obligations, such modification, refinancing, refunding, renewal, replacement or extension is subordinated in right of payment to the Obligations on terms at least as favorable to the Lenders as those contained
in the documentation governing the Indebtedness being modified, refinanced, refunded, renewed, replaced or extended; provided that a certificate of a Responsible Officer delivered to the Administrative Agent stating that the Lead Borrower has
determined in good faith that such terms and conditions satisfy the foregoing requirement shall be conclusive evidence that such terms and conditions satisfy the foregoing requirement and (e) such modification, refinancing, refunding, renewal,
replacement or extension is incurred by the Person who is the obligor or guarantor of, and shall not have greater guarantees or security than, the Indebtedness being modified, refinanced, refunded, renewed, replaced or extended (except in the case
of the Existing Legacy Notes). 

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

“Pharmaceutical Inventory” means all Inventory consisting of products that can be dispensed only on order of a licensed
professional. 
 “Pharmaceutical Laws” means federal, state and local laws, rules or regulations, codes, orders, decrees,
judgments or injunctions issued, promulgated, approved or entered, relating to dispensing, storing or distributing prescription medicines or products, including laws, rules or regulations relating to the qualifications of Persons employed to do the
same. 
 “Pharmacy Receivables” means Accounts arising from the sale of prescription drugs or other Inventory which can be
dispensed only through an order of a licensed professional. 
 “Plan” means any “employee benefit plan” (as such
term is defined in Section 3(3) of ERISA) established or maintained by a Borrower or, with respect to any such plan that is subject to Section 412 of the Code or Title IV of ERISA, any ERISA Affiliate. 

“Platform” has the meaning specified in Section 6.02. 

“Preferred Stock” means any Equity Interest with preferential right of payment of dividends or upon liquidation, dissolution,
or winding up. 
 “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” shall mean (a) costs, expenses and
disbursements associated with, related to or incurred in anticipation of, or preparation for compliance with (x) the requirements of the Sarbanes-Oxley Act of 2002 and the rules and regulations promulgated in connection therewith, (y) the
provisions of the Securities Act and the Exchange Act, as applicable to companies with equity or debt securities held by the public, and (z) the rules of national securities exchange companies with listed equity or debt securities,
(b) costs and expenses associated with investor relations, shareholder meetings and reports to shareholders or debtholders and listing fees, and (c) directors’ compensation, fees, indemnification, expense reimbursement (including
legal and other professional fees, expenses and disbursements), and directors’ and officers’ insurance. 
 “Public
Lender” has the meaning specified in Section 6.02. 

  
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 “Qualified Real Estate Financing Facility” means (i) any credit
facility made available to a Real Estate Subsidiary that is non-recourse to a Borrower or any of its other Subsidiaries (other than Real Estate Subsidiaries party to such credit facility) and secured by the
Real Estate of Real Estate Subsidiaries and (ii) any sale and leaseback of Real Estate of Real Estate Subsidiaries, 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. 
 “Qualified Receivables Financing” means any
Receivables Financing of a Receivables Subsidiary that meets the following conditions: 
 (1) the board of directors of the
Lead Borrower shall have determined in good faith that such Qualified Receivables Financing (including financing terms, covenants, termination events and other provisions) is in the aggregate economically fair and reasonable to the Lead Borrower and
the Receivables Subsidiary, 
 (2) all sales of accounts receivable and related assets to and by the Receivables Subsidiary
are made at Fair Market Value, and 
 (3) the financing terms, covenants, termination events and other provisions thereof
shall be market terms (as determined in good faith by the Lead Borrower) and may include Standard Securitization Undertakings. 
 The grant
of a security interest in any accounts receivable of the Albertson’s Group (other than a Receivables Subsidiary) to secure the Obligations shall not be deemed a Qualified Receivables Financing. 

“Quarterly Accounting Period” means any period of three (3) or four (4) consecutive Accounting Periods designated
as a “Quarterly Accounting Period” on Schedule 1.02 hereto. 
 “Real Estate” means all Leases and all
land, together with the buildings, structures, parking areas, and other improvements thereon, now or hereafter owned by any Loan Party, including all easements,
rights-of-way, and similar rights relating thereto and all leases, tenancies, and occupancies thereof. 

“Real Estate Financing Loan Parties” means any Real Estate Subsidiaries that are borrowers or guarantors under a Qualified
Real Estate Financing Facility. 
 “Real Estate Subsidiary” means any Restricted Subsidiary of the Lead Borrower that
(a) does not engage in any business other than (i) owning or leasing real property or (ii) owning directly or indirectly the Equity Interests of the Restricted Subsidiaries described in clause (i), or a holding company of any such
Subsidiary. As of the Fourth Restatement Effective Date, the Persons listed on Schedule 1.03 constitute all of the Real Estate Subsidiaries. 

“Receivables” shall mean all rights to payment, whether or not earned by performance, for Inventory sold, leased, licensed,
assigned or otherwise disposed of, or services rendered or to be rendered, including, without limitation all such rights constituting or evidenced by any Account, Chattel Paper, Instrument, General Intangible or Investment Property, together with
all of a Loan Party’s rights, if any, in any Inventory giving rise to such right to payment and all Collateral Support and Supporting Obligations related thereto and all Receivables Records. For purposes of the foregoing, all terms defined in
the UCC but not otherwise defined in this Agreement shall have the same meanings herein as are assigned thereto in the UCC. 

  
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 “Receivables Records” shall mean (i) all original copies of all
documents, instruments or other writings or electronic records or other Records evidencing Receivables, (ii) all books, correspondence, credit or other files, Records, ledger sheets or cards, invoices, and other papers relating to Receivables,
including, without limitation, all tapes, cards, computer tapes, computer discs, computer runs, record keeping systems and other papers and documents relating to Receivables, whether in the possession or under the control of a Loan Party or any
computer bureau or agent from time to time acting for a Loan Party or otherwise, (iii) all evidences of the filing of financing statements and the registration of other instruments in connection therewith, and amendments, supplements or other
modifications thereto, notices to other creditors or secured parties, and certificates, acknowledgments, or other writings, including, without limitation, lien search reports, from filing or other registration officers, (iv) all credit
information, reports and memoranda relating thereto and (v) all other written or nonwritten forms of information related in any way to the foregoing or any Receivable. For purposes of the foregoing, all terms defined in the UCC but not
otherwise defined in this Agreement shall have the same meanings herein as are assigned thereto in the UCC. 
 “Receivables
Financing” means any transaction or series of transactions pursuant to which the Albertson’s Group may sell, convey or otherwise transfer to (a) a Receivables Subsidiary (in the case of a transfer by the Albertson’s Group),
and (b) any other Person (in the case of a transfer by a Receivables Subsidiary), or may grant a security interest in, any accounts receivable (whether now existing or arising in the future) of a Borrower or any of its Subsidiaries, and any
assets related thereto including, without limitation, all collateral securing such accounts receivable, all contracts and all guarantees or other obligations in respect of such accounts receivable, proceeds of such accounts receivable and other
assets which are customarily transferred or in respect of which security interests are customarily granted in connection with asset securitization transactions involving accounts receivable and any hedging obligations pursuant to a Swap Contract
entered into by such Borrower or any such Subsidiary in connection with such accounts receivable. 
 “Receivables Repurchase
Obligation” means any obligation of a seller of receivables in a Qualified Receivables Financing to repurchase receivables arising as a result of a breach of a representation, warranty or covenant or otherwise, including as a result of a
receivable or portion thereof becoming subject to any asserted defense, dispute, off-set or counterclaim of any kind as a result of any action taken by, any failure to take action by or any other event
relating to the seller. 
 “Receivables Reserves” means, without duplication of any other Reserves or items that are
otherwise addressed or excluded through eligibility criteria, such Reserves as may be established from time to time by the Administrative Agent in the Administrative Agent’s Permitted Discretion with respect to the determination of the
collectability in the ordinary course of Eligible Pharmacy Receivables, including, without limitation, on account of dilution. 

  
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 “Receivables Subsidiary” means a wholly owned Subsidiary of the Lead
Borrower (or other Person formed for the purposes of engaging in a Qualified Receivables Financing with the Lead Borrower or one of its Subsidiaries in which the Lead Borrower or any of its Subsidiaries makes an Investment and to which the Lead
Borrower or any of its Subsidiaries transfers accounts receivable and related assets) which engages in no activities other than in connection with the Receivables Financing, all proceeds thereof and all rights (contractual or other), collateral and
other assets relating thereto, and any business or activities incidental or related to such business and which is designated by the board of directors of Lead Borrower (as provided below) as a Receivables Subsidiary and: 

(a) no portion of the Indebtedness or any other obligations (contingent or otherwise) of which (i) is guaranteed by the
Lead Borrower or any of its Restricted Subsidiaries (excluding guarantees of obligations (other than the principal of, and interest on, Indebtedness) pursuant to Standard Securitization Undertakings), (ii) is recourse to or obligates the Lead
Borrower or any of its Restricted Subsidiaries (other than a Receivables Subsidiary) in any way other than pursuant to Standard Securitization Undertakings, or (iii) subjects any property or asset of the Lead Borrower or any of its Restricted
Subsidiaries, directly or indirectly, contingently or otherwise, to the satisfaction thereof, other than pursuant to Standard Securitization Undertakings, 

(b) with which neither the Lead Borrower nor any of its Restricted Subsidiaries has any material contract, agreement,
arrangement or understanding other than on terms which the Lead Borrower reasonably believes to be no less favorable to the Lead Borrower or such Subsidiary than those that might be obtained at the time from Persons that are not Affiliates of the
Lead Borrower or such Subsidiary, and 
 (c) to which neither the Lead Borrower nor any of its Restricted Subsidiaries has
any obligation to maintain or preserve such entity’s financial condition or cause such entity to achieve certain levels of operating results. 

Any such designation by the board of directors of the Lead Borrower or such other Person shall be evidenced to the Administrative Agent by
delivery to the Administrative Agent of a certified copy of the resolution of the board of directors of the Lead Borrower or such other Person giving effect to such designation and a certificate executed by a Responsible Officer certifying that such
designation complied with the foregoing conditions. 
 “Register” has the meaning specified in Section 10.06(c). 

“Registered Public Accounting Firm” has the meaning specified by the Securities Laws and shall be independent of the
Albertson’s Group as prescribed by the Securities Laws. 
 “Related Parties” means, with respect to any Person, such
Person’s Affiliates and the partners, directors, officers, employees, agents and advisors of such Person and of such Person’s Affiliates. 

  
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 “Relevant Governmental Body” means the Board of Governors of the Federal
Reserve System or the Federal Reserve Bank of New York, or a committee officially endorsed or convened by the Board of Governors of the Federal Reserve System or the Federal Reserve Bank of New York, or any successor thereto. 

“Reportable Event” means any of the events set forth in Section 4043(c) of ERISA, other than events for which the 30 day
notice period has been waived. 
 “Reports” has the meaning provided in Section 9.12(b). 

“Request for Credit Extension” means (a) with respect to a Borrowing, Conversion or continuation of Loans (other than
Swing Line Loans), a Committed Loan Notice, (b) with respect to an L/C Credit Extension, a Letter of Credit Application, and (c) with respect to a Swing Line Loan, a Swing Line Loan Notice. 

“Required FILO Lenders” means, as of any date of determination, Lenders holding more than 50% of the Outstanding Amount of
FILO Loans; provided that the FILO Loans held by any Defaulting Lender shall be excluded for all purposes of making a determination of Required FILO Lenders. 

“Required Lenders” means, as of any date of determination, Lenders holding more than 50% of the Outstanding Amount of FILO
Loans and the Aggregate Revolving Commitments (or, if the Aggregate Revolving Commitments have been terminated, the Total Revolving Exposure); provided that the FILO Loan, Revolving Commitment and Revolving Exposure of any Defaulting Lender
shall be excluded for all purposes of making a determination of Required Lenders. 
 “Required Revolving Lenders” means, as
of any date of determination, Revolving Lenders holding more than 50% of the Aggregate Revolving Commitments (or, if the Aggregate Revolving Commitments have been terminated, the Total Revolving Exposure); provided that the Revolving
Commitment and Revolving Exposure of any Defaulting Lender shall be excluded for all purposes of making a determination of Required Revolving Lenders. 

“Rescindable Amount” shall have the meaning provided in Section 2.12(b)(ii). 

“Reserves” means all (if any) Inventory Reserves, Availability Reserves, and Receivables Reserves. 

“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, chief financial officer, vice president,
treasurer or assistant treasurer, or secretary or assistant secretary of a Loan Party (or any individual performing substantially similar functions regardless of his or her title) or any of the other individuals designated in writing to the
Administrative Agent by an existing Responsible Officer of a Loan Party as an authorized signatory of any certificate or other document (including any notice delivered pursuant to Article II) to be delivered hereunder. 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. 

  
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 “Restatement Effective Date” means June 30, 2015. 

“Restatement Effective Date Transactions” means (i) the effectiveness of this Agreement and the incurrence of the
initial Credit Extensions hereunder and (ii) the payment of fees and expenses in connection with the foregoing. 
 “Restricted
Payment” means the payment of any dividend or other distribution (whether in cash, securities or other property) on account of any Equity Interests of the Lead 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, termination of, or other acquisition for value of, any such Equity Interests.

 “Restricted Subsidiary” means, at any time, any direct or indirect Subsidiary of the Lead Borrower that is not then an
Unrestricted Subsidiary; provided that upon an Unrestricted Subsidiary ceasing to be an Unrestricted Subsidiary, such Subsidiary shall be included in the definition of “Restricted Subsidiary.” 

“Revolving Borrowing” means a borrowing consisting of Revolving Loans of the same Type and, in the case of LIBO Rate Loans,
having the same Interest Period made by each of the Revolving Lenders pursuant to Section 2.01(a). 
 “Revolving
Commitment” means, as to each Lender, its obligation to (a) make Revolving Loans to the Borrowers pursuant to Section 2.01, (b) purchase participations in L/C Obligations, and (c) purchase participations in Swing Line Loans,
in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Lender’s name on Schedule 2.01 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. Revolving Commitments shall include all Additional Revolving Commitments and Extended Revolving Commitments. 

“Revolving Exposure” means at any time, with respect to any Lender (i) the aggregate Outstanding Amount of Revolving
Loans of such Lender plus (ii) such Lender’s Applicable Percentage of the Outstanding Amount of Swing Line Loans and L/C Obligations at such time; provided that for purposes of Section 2.09(a), the Revolving Exposure of
any Lender shall not include the outstanding amount of any Swing Line Loans. 
 “Revolving Increase Effective Date” has the
meaning provided in Section 2.15(I)(d). 
 “Revolving Increase Joinder” has the meaning provided in
Section 2.15(I)(f). 

  
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 “Revolving Lender” means a Lender with a Revolving Commitment or Revolving
Exposure. 
 “Revolving Loan” has the meaning provided in Section 2.01(a). 

“S&P” means S&P Global Ratings, a division of Standard and Poor’s Financial Services LLC and any successor
thereto. 
 “Safeway” means Safeway Inc., a Delaware corporation. 

“Sanction(s)” means any sanction administered or enforced by the United States Government (including without limitation,
OFAC), the United Nations Security Council, the European Union, Her Majesty’s Treasury or other relevant sanctions authority. 

“Sarbanes-Oxley” means the Sarbanes-Oxley Act of 2002. 

“Script Cap” means at any time of calculation, an amount not to exceed 30% of the Borrowing Base (without giving effect to
the Perishables Cap). 
 “Scripts” means the pharmaceutical customer list owned and controlled by each Loan Party relating
to certain items and services, including, without limitation, any drug price data, drug eligibility data, clinical drug information and health information of a pharmaceutical customer that is not protected under Sections 1171 through 1179 of the
Social Security Act or other applicable Law. 
 “SEC” means the Securities and Exchange Commission, or any Governmental
Authority succeeding to any of its principal functions. 
 “Securities Laws” means the Securities Act of 1933, the
Securities Exchange Act of 1934, Sarbanes-Oxley, and the applicable accounting and auditing principles, rules, standards and practices promulgated, approved or incorporated by the SEC or the PCAOB. 

“Security Agreement” means the Second Amended and Restated Security Agreement dated as of December 21, 2015 among the
Loan Parties and the Collateral Agent, as supplemented, amended or otherwise modified from time to time. 
 “Security
Documents” means the Security Agreement, the Blocked Account Agreements, the Credit Card Notifications, and each other security agreement or other instrument or document executed and delivered by any Loan Party to the Collateral Agent
pursuant to this Agreement or any other Loan Document granting a Lien to secure any of the Obligations. 
 “Settlement
Agreement” means that certain Settlement Agreement, dated as of March 21, 2013 by and among SVU, the self-insured direct and indirect subsidiaries of SVU named therein, the California Self-Insurers Security Fund AB LLC,
Albertson’s LLC, the NAI Entities (as defined therein) and the other parties thereto. 
 “Settlement Date” has the
meaning provided in Section 2.14(a). 

  
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 “Shareholders’ Equity” means, as of any date of determination,
consolidated shareholders’ equity of the Albertson’s Group as of that date determined in accordance with GAAP. 

“Shrink” means Inventory which has been lost, misplaced, stolen, or is otherwise unaccounted for. 

“Similar Business” means any business conducted or proposed to be conducted by the Lead Borrower and its Restricted
Subsidiaries on the Fourth Restatement Effective Date or any business that is similar, reasonably related, incidental, ancillary or complementary thereto, or is a reasonable extension, development or expansion thereof. 

“SOFR” has the meaning provided in the definition of “Daily Simple SOFR.” 

“SOFR Early Opt-in” means the Administrative Agent and the Lead Borrower have elected
to replace LIBOR pursuant to (1) an Early Opt-in Election and (2) Section 3.03(b)(i) and paragraph (1) of the definition of “Benchmark Replacement”. 

“Solvent” and “Solvency” mean, with respect to any Person on a particular date, that on such date
(a) at fair valuation, all of the properties and assets of such Person are greater than the sum of the debts, including contingent liabilities, of such Person, (b) the present fair saleable value of the properties and assets of such Person
will be greater than the amount that would be required to pay the probable liability of such Person on its debts and other liabilities, subordinated, contingent or otherwise, as they become absolute and matured, (c) such Person is able to
realize upon its properties and assets and pay its debts and other liabilities, contingent obligations and other commitments as they mature in the normal course of business, (d) such Person does not intend to, and does not believe that it will,
incur debts beyond such Person’s ability to pay as such debts mature, and (e) such Person is not engaged in a business or a transaction, and is not about to engage in a business or transaction, for which such Person’s properties and
assets would constitute unreasonably small capital after giving due consideration to the prevailing practices in the industry in which such Person is engaged. The amount of all guarantees at any time shall be computed as the amount that, in light of
all the facts and circumstances existing at the time, can reasonably be expected to become an actual or matured liability. 

“Specified Acquisition Agreement Representations” shall mean with respect to any Permitted Acquisition or Investment
permitted hereunder to be financed in any part by the proceeds of FILO Loans, the representations and warranties set forth in the definitive agreement therefor that are material to the interest of the Additional FILO Lenders, and only to the extent
that the applicable Loan Party has the right to terminate its obligations under such agreement or decline to consummate the Permitted Acquisition or Investment as a result of a breach of such representations and warranties. 

“Specified Existing FILO Class” has the meaning specified in Section 2.16(a). 

“Specified Existing Revolving Tranche” has the meaning specified in Section 2.16(a). 

“Specified Representations” shall mean the representations set forth in Sections 5.01(a), 5.01(b)(ii), 5.02(a), 5.02(d),
5.04, 5.13, 5.18, 5.19, 5.30, 5.31, 5.32, and 5.34. 

  
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 “Specified Transaction” means any incurrence or repayment of Indebtedness
(other than for working capital purposes) or Investment or capital contribution that results in a Person becoming a Restricted Subsidiary or an Unrestricted Subsidiary, any acquisition or any disposition that results in a Restricted Subsidiary
ceasing to be a Subsidiary of the Lead Borrower, any Investment constituting an acquisition of assets constituting a business unit, line of business or division of another Person, or any Disposition of a business unit, line of business or division
of the Lead Borrower or a Restricted Subsidiary, in each case whether by merger, consolidation, amalgamation or otherwise. 

“Standard Securitization Undertakings” means representations, warranties, covenants, indemnities and guarantees of
performance entered into by the Albertson’s Group which the Lead Borrower has determined in good faith to be customary in a Receivables Financing including, without limitation, those relating to the servicing of the assets of a Receivables
Subsidiary, it being understood that any Receivables Repurchase Obligation shall be deemed to be a Standard Securitization Undertaking. 

“Standby Letter of Credit” means any Letter of Credit that is not a Banker’s Acceptance or Commercial Letter of Credit.

 “Stated Amount” means at any time the maximum amount for which a Letter of Credit may be honored. 

“Statutory Reserve Rate” means a fraction (expressed as a decimal), the numerator of which is the number one and the
denominator of which is the number one minus the aggregate of the maximum reserve percentages (including any marginal, special, emergency or supplemental reserves) expressed as a decimal established by the FRB to which the Administrative
Agent is subject, for eurocurrency funding (currently referred to as “Eurocurrency Liabilities” in Regulation D of the Board). Such reserve percentages shall include those imposed pursuant to such Regulation D. LIBO Rate Loans shall be
deemed to constitute eurocurrency funding and to be subject to such reserve requirements without benefit of or credit for proration, exemptions or offsets that may be available from time to time to any Lender under such Regulation D or any
comparable regulation. The Statutory Reserve Rate shall be adjusted automatically on and as of the effective date of any change in any reserve percentage. 

“Store” means any retail store (which may include any real property, and the fixtures, equipment, inventory and other
property related thereto) operated, or to be operated, by any Loan Party. 
 “Store Account” means any account at a bank
that is used solely for receiving store receipts from a Store (together with any other deposit accounts at any time established or used by any Loan Party for receiving such store receipts from any Store). 

“Subordinated Indebtedness” means Indebtedness which is expressly subordinated in right of payment to the prior payment in
full of the Obligations pursuant to subordination provisions in form and on terms reasonably approved in writing by the Administrative Agent. 

  
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 “Subsidiary” or “subsidiary” means, with respect to any
Person, any corporation, limited liability company, limited liability partnership or other limited or general partnership, trust, association or other business entity of which an aggregate of at least a majority of the outstanding Equity Interests
or other interests entitled to vote in the election of the board of directors of such corporation (irrespective of whether, at the time, Equity Interests of any other class or classes of such corporation shall have or might have voting power by
reason of the happening of any contingency), managers, trustees or other controlling persons, or an equivalent controlling interest therein, of such Person is, at the time, directly or indirectly, owned by such Person and/or one or more subsidiaries
of such Person. 
 “Subsidiary Borrowers” has the meaning set forth in the introductory paragraph hereto. 

“Successor Company” has the meaning provided in Section 7.04(d). 

“Supermajority Lenders” shall mean those non-Defaulting Lenders which would
constitute the Required Lenders under, and as defined in, this Agreement if the percentage “50%” contained therein were changed to “66-2/3%.” 

“SVU” means SUPERVALU INC., a Delaware corporation. 

“SVU Escrow Account” means the escrow account at JPMorgan Chase Bank, N.A., governed by the terms of that certain escrow
agreement dated as of March 21, 2013 among NAI, SVU and the escrow agent thereunder wherein monies are pledged in favor of the trustee under the ASC Indenture. 

“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 Obligation” means any obligation under a Swap Contract. 

“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 

  
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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 based upon one or more mid-market or other readily available quotations provided by any recognized dealer in such Swap Contracts (which may include a Lender or any Affiliate of a
Lender). 
 “Swing Line” means the revolving credit facility made available by the Swing Line Lender pursuant to
Section 2.04. 
 “Swing Line Borrowing” means a borrowing of a Swing Line Loan pursuant to Section 2.04. 

“Swing Line Lender” means Bank of America in its capacity as provider of Swing Line Loans, or any successor swing line lender
hereunder. 
 “Swing Line Loan” has the meaning specified in Section 2.04(a). 

“Swing Line Loan Notice” means a notice of a Swing Line Borrowing pursuant to Section 2.04(b), which, if in writing,
shall be substantially in the form of Exhibit B or such other form as approved by the Administrative Agent (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. 
 “Swing Line Sublimit” means an amount equal
to the lesser of (a) $250,000,000 and (b) the Aggregate Revolving Commitments. The Swing Line Sublimit is part of, and not in addition to, the Aggregate Revolving Commitments. 

“Synthetic Lease Obligation” means the monetary obligation of a Person under (a) a
so-called synthetic, off-balance sheet or tax retention lease, or (b) an agreement for the use or possession of property (including sale and leaseback
transactions), in each case, creating obligations that do not appear on the balance sheet of such Person but which, upon the application of any Debtor Relief Laws to such Person, would be characterized as the indebtedness of such Person (without
regard to accounting treatment). 
 “Taxes” means all present or future taxes, levies, imposts, duties, deductions,
withholdings, assessments, fees or other charges imposed by any Governmental Authority, including any interest, additions to tax or penalties applicable thereto. 

“Term SOFR” means, for the applicable corresponding tenor (or if any Available Tenor of a Benchmark does not correspond to an
Available Tenor for the applicable Benchmark Replacement, the closest corresponding Available Tenor and if such Available Tenor corresponds equally to two Available Tenors of the applicable Benchmark Replacement, the corresponding tenor of the
shorter duration shall be applied), the forward-looking term rate based on SOFR that has been selected or recommended by the Relevant Governmental Body. 

“Testing Excess Availability” means the sum of (a) Excess Availability plus (b) the lesser of (i) 2.5% of
the Aggregate Revolving Commitments at such time and (ii) the amount by which the Borrowing Base exceeds the Aggregate Revolving Commitments at such time. 

  
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 “Third Party Payors” means any private health insurance company that is
obligated to reimburse or otherwise make payments to pharmacies which sell prescription drugs to eligible patients under Medicare, Medicaid or any insurance contract with such private health insurer. 

“Total Assets” means the total consolidated assets of the Albertson’s Group, as shown on the most recent financial
statements of the Lead Borrower that the Administrative Agent has received in accordance with Section 6.01 hereof or, prior to the delivery of any financial statements pursuant to Section 6.01 hereof, Section 4.01(c). 

“Total Revolving Exposure” means, at any time, the Revolving Exposure of all Revolving Lenders at such time. 

“Transition Services Agreement” means the Transition Services Agreement, as in effect on the Restatement Effective Date by
and between the Lead Borrower and SVU as the same may hereafter be amended, modified, supplemented, extended, renewed, restated or replaced. 

“Trust Funds” has the same meaning assigned to it in the MoneyGram Agreement (as in effect on the Fourth Restatement
Effective Date). 
 “Type” means, with respect to a FILO Loan or Revolving Loan, its character as a Base Rate Loan or a
LIBO Rate Loan. 
 “UCC” means the Uniform Commercial Code as in effect in the State of New York, and any successor
statute, as in effect from time to time (except that terms used herein which are defined in the Uniform Commercial Code as in effect in the State of New York on the Fourth Restatement Effective Date shall continue to have the same meaning
notwithstanding any replacement or amendment of such statute except as Agent may otherwise determine); provided, however, that at any time, if by reason of mandatory provisions of law, any or all of the perfections or priority of
Agent’s security interest in any item or portion of the Collateral is governed by the Uniform Commercial Code as in effect in a jurisdiction other than the State of New York, the term “UCC” shall mean the Uniform Commercial Code as in
effect in such other jurisdictions and any successor statute, as in effect from time to time, for purposes of the provisions hereof relating to such perfection or priority or for purposes of definitions relating to such provisions. 

“UFCA” has the meaning specified in Section 10.20(d). 

“UFTA” has the meaning specified in Section 10.20(d). 

“UK Financial Institution” any BRRD Undertaking (as defined under the PRA Rulebook (as amended from 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”
the Bank of England or any other public administrative authority having responsibility for the resolution of any UK Financial Institution. 

  
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 “Undisclosed Administration” means, in relation to a Lender or its direct
or indirect 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. 

“Unintentional Overadvance” means an Overadvance which, to the Administrative Agent’s knowledge, did not constitute an
Overadvance when made but which has become an Overadvance resulting from changed circumstances beyond the control of the Credit Parties, including, without limitation, a reduction in the Appraised Value of property or assets included in the
Borrowing Base or misrepresentation by the Loan Parties. 
 “United States” and “U.S.” mean the United
States of America. 
 “Unaudited Financial Statements” shall mean the unaudited financial statements of the Lead Borrower
as of the fiscal quarters ending June 19, 2021 and September 11, 2021. 
 “United States Tax Compliance
Certificate” has the meaning specified in Section 3.01(e)(2)(iii). 
 “Unreimbursed Amount” has the meaning
specified in Section 2.03(c)(i). 
 “Unrestricted Subsidiary” means (i) as of the Fourth Restatement Effective
Date, each Subsidiary of the Lead Borrower listed on Schedule 1.04, (ii) any Subsidiary of the Lead Borrower designated by the Board of Directors of the Lead Borrower as an Unrestricted Subsidiary pursuant to this definition subsequent to the
Fourth Restatement Effective Date, (iii) each Receivables Subsidiary, and (iv) any Subsidiary of an Unrestricted Subsidiary. 

The Lead Borrower may at any time after the Fourth Restatement Effective Date designate any Restricted Subsidiary an Unrestricted Subsidiary
or any Unrestricted Subsidiary as a Restricted Subsidiary; provided that (i) immediately before and after such designation, no Default shall have occurred and be continuing, (ii) after giving effect to such designation on a pro
forma basis, (a) the Consolidated Fixed Charge Coverage Ratio for the Measurement Period most recently ended on or prior to the date of such designation is at least 1.00 to 1.00 and (b) Excess Availability Percentage is at least 15% and
(iii) no Restricted Subsidiary may be designated as an Unrestricted Subsidiary if it is a “Restricted Subsidiary” for the purpose of any Material Indebtedness. Other than with respect to Subsidiaries designated as Unrestricted
Subsidiaries on the Fourth Restatement Effective Date, the designation of any Restricted Subsidiary as an Unrestricted Subsidiary after the Fourth Restatement Effective Date shall constitute an Investment by the Lead Borrower therein at the date of
designation in an amount equal to the Fair Market Value of the Lead Borrower’s and its Subsidiaries’ investment therein. Other than with respect to Subsidiaries designated as Unrestricted Subsidiaries on the Fourth Restatement Effective
Date designation of any Unrestricted Subsidiary as a Restricted Subsidiary shall constitute (i) the incurrence at the time of designation of any Investment, Indebtedness or Liens of such Subsidiary existing at such time and (ii) a return
on any Investment by the Lead Borrower in such Unrestricted Subsidiary pursuant to the preceding sentence in an amount equal to the Fair Market Value at the date of such designation of the Borrowers’ Investment in such Subsidiary. 

  
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 “U.S. Lender” means any Lender that is a “United States person”
as defined in Section 7701(a)(30) of the Code. 
 “Voting Stock” means with respect to any Person, (a) one (1) or
more classes of Equity Interests of such Person having general voting powers to elect at least a majority of the board of directors, managers or trustees of such Person, irrespective of whether at the time Equity Interests of any other class or
classes have or might have voting power by reason of the happening of any contingency, and (b) any Equity Interests of such Person convertible or exchangeable without restriction at the option of the holder thereof into Equity Interests of such
Person described in clause (a) of this definition. 
 “Weighted Average Life to Maturity” means, when applied to any
Indebtedness at any date, the quotient obtained by dividing (i) the sum of the products of the number of years from the date of determination to the date of each successive scheduled principal payment of such Indebtedness multiplied by the
amount of such payment, by (ii) the sum of all such payments. 
 “Write-Down and Conversion Powers” means,
(a) with respect to any EEA Resolution Authority, the write-down and conversion powers of the applicable EEA Resolution Authority from time to time under the Bail-In Legislation for the applicable EEA
Member Country, which powers are described in the EU Bail-In Legislation Schedule; or (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. 

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 definitions of terms herein shall apply equally to the singular and plural
forms of the terms defined. Whenever the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms. The words “include,” “includes” and “including” shall be deemed to be
followed by the phrase “without limitation.” The word “will” shall be construed to have the same meaning and effect as the word “shall.” Unless the context requires otherwise, (i) any definition of or reference to
any agreement, instrument or other document (including any Organization Document) shall be construed as referring to such agreement, instrument or other document as from time to time amended, restated, supplemented or otherwise modified (subject to
any restrictions on such amendments, restatements, supplements or modifications set forth herein or in any other Loan Document), (ii) any reference herein to any Person shall be construed to include such Person’s successors and assigns,
(iii) the words “herein,” 

  
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“hereof” and “hereunder,” and words of similar import when used in any Loan Document, shall be construed to refer to such Loan Document in its entirety and not to any
particular provision thereof, (iv) all references in a Loan Document to Articles, Sections, Exhibits and Schedules shall be construed to refer to Articles and Sections of, and Exhibits and Schedules to, the Loan Document in which such
references appear, (v) any reference to any law shall include all statutory and regulatory provisions consolidating, amending replacing or interpreting such law and any reference to any law or regulation shall, unless otherwise specified, refer
to such law or regulation as amended, modified or supplemented from time to time, and (vi) the words “asset” and “property” shall be construed to have the same meaning and effect and to refer to any and all tangible and
intangible assets and properties, including cash, securities, accounts and contract rights. 
 (b) In the computation of
periods of time from a specified date to a later specified date, unless otherwise expressly provided, 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.” 
 (c) 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. 

1.03 Accounting Terms. 

(a) Generally. 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 on a consistent basis, as in effect from time to time, except
(i) as otherwise specifically prescribed herein and (ii) all leases that are or would have been treated as operating leases for purposes of GAAP prior to the effectiveness or adaptation of the Accounting Standards Update No. 2016-02, Leases (Topic 842) (the “ASU”) shall continue to be accounted for as operating leases for purposes of all definitions and calculations for the purposes of the Loan Documents
hereunder, including without limitation, the definition of “Capital Lease Obligations” (whether or not such operating lease obligations were in effect on such date) notwithstanding the fact that such obligations are required in accordance
with the ASU (on a prospective or retroactive basis or otherwise) to be treated as capitalized lease obligations in the financial statements to be delivered pursuant to the Loan Documents. Whether or not the Loan Parties may at any time adopt
Financial Accounting Standards Board (“FASB”) Accounting Standards Codification Subtopic 825-10 (or successor standard solely as it relates to fair valuing liabilities) or accounts for
liabilities acquired in an acquisition on a fair value basis pursuant to FASB Statement of Financial Accounting Standard No. 141(R) (or successor standard solely as it relates to fair valuing liabilities), all determinations of compliance with the
terms and conditions of this Agreement shall be made on the basis that the Loan Parties have not adopted FASB Accounting Standards Codification Subtopic 825-10 (or such successor standard solely as it relates
to fair valuing liabilities) or, in the case of liabilities acquired in an acquisition, FASB Statement of Financial Accounting Standard No. 141(R) (or such successor standard solely as it relates to 

  
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fair valuing liabilities). It is understood and agreed that the valuations and other financial determinations included herein are solely for the purposes of this Agreement and, for financial
reporting purposes, the Lead Borrower will use valuations as determined by or under the supervision of its board of directors and in accordance with its valuation policies and procedures as required by the Investment Company Act of 1940, as amended.

 (b) Changes in GAAP. If at any time any change in GAAP would affect the computation of any financial ratio or requirement set
forth in any Loan Document, and either the Lead Borrower or the Required Lenders shall so request, the Administrative Agent, the Lenders and the Lead Borrower shall negotiate in good faith to amend such ratio or requirement to preserve the original
intent thereof in light of such change in GAAP (subject to the approval of the Required Lenders); provided that, until so amended, (i) such ratio or requirement shall continue to be computed in accordance with GAAP prior to such change
therein and (ii) the Lead Borrower shall provide to the Administrative Agent and the Lenders financial statements and other documents required under this Agreement or as reasonably requested hereunder setting forth a reconciliation between
calculations of such ratio or requirement made before and after giving effect to such change in GAAP. 
 1.04 Rounding. Any
financial ratios required to be maintained by the Loan Parties pursuant to this Agreement shall be calculated by dividing the appropriate component by the other component, carrying the result to one place more than the number of places by which such
ratio is expressed herein and rounding the result up or down to the nearest number (with a rounding-up if there is no nearest number). 

1.05 Times of Day. Unless otherwise specified, all references herein to times of day shall be references to Eastern Time
(daylight or standard, as applicable). 
 1.06 Pro Forma Calculations. 

(a) Notwithstanding anything to the contrary herein, the Interest Coverage Ratio and Consolidated Fixed Charge Coverage Ratio shall be
calculated in the manner prescribed by this Section 1.06. 
 (b) For purposes of calculating the Interest Coverage Ratio and
Consolidated Fixed Charge Coverage Ratio, Specified Transactions (and the incurrence or repayment of any Indebtedness in connection therewith) that have been made (i) during the applicable Measurement Period and (ii) subsequent to such
Measurement Period and prior to or simultaneously with the event for which the calculation of any such ratio is made shall be calculated on a pro forma basis assuming that all such Specified Transactions (and any increase or decrease in Consolidated
EBITDA and the component financial definitions used therein attributable to any Specified Transaction) had occurred on the first day of the applicable Measurement Period. If since the beginning of any applicable Measurement Period any Person that
subsequently became a Restricted Subsidiary or was merged, amalgamated or consolidated with or into the Lead Borrower or any of its Subsidiaries since the beginning of such Measurement Period shall have made any Specified Transaction that would have
required adjustment pursuant to this Section 1.06, then the Interest Coverage Ratio and Consolidated Fixed Charge Coverage Ratio shall be calculated to give pro forma effect thereto in accordance with this Section 1.06. 

  
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 (c) Whenever pro forma effect is to be given to a Specified Transaction, the pro forma
calculations shall be made in good faith by a responsible financial or accounting officer of the Lead Borrower and may include, without duplication, cost savings, operating expense reductions, restructuring charges and expenses and cost-saving
synergies resulting from such Investment, acquisition, disposition, merger, consolidation or discontinued operation or other transaction, in each case calculated in the manner described in the definition of Consolidated EBITDA. 

(d) Interest on a Capital Lease Obligation shall be deemed to accrue at an interest rate reasonably determined by a responsible financial or
accounting officer of the Lead Borrower to be the rate of interest implicit in such Capital Lease Obligation in accordance with GAAP. Interest on Indebtedness that may optionally be determined at an interest rate based upon a factor of a prime or
similar rate, a London interbank offered rate, or other rate, shall be determined to have been based upon the rate actually chosen, or if none, then based upon such optional rate chosen as the Lead Borrower or Subsidiary may designate. 

(e) Notwithstanding anything in this Agreement to the contrary, with respect to any Designated Acquisition and the incurrence of any
Designated Indebtedness or Lien in connection therewith, compliance with the Adjusted Payment Conditions test required by this Agreement for such Designated Acquisition or such Designated Indebtedness shall be determined on the date the definitive
acquisition agreement for such Designated Acquisition is entered into and, only with respect to the tests described in clauses (b)(x)(i) and (b)(y) of the definition of “Adjusted Payment Conditions”, at the time of closing of such
Designated Acquisition and incurrence of such Designated Indebtedness and, thereafter until consummation of such Designated Acquisition or the termination of such definitive agreement relating to such Designated Acquisition, all other incurrence
tests under this Agreement shall be required to be complied with on an actual basis without giving effect to such Designated Acquisition and on a pro forma basis after giving effect to such Designated Acquisition and the incurrence of such
Designated Indebtedness. 
 1.07 Letter of Credit Amounts. Unless otherwise specified, all references herein to the amount of
a Letter of Credit at any time shall be deemed to be the Stated Amount of such Letter of Credit in effect at such time; provided, however, that with respect to any Letter of Credit that, by its terms of any Issuer Documents related
thereto, provides for one or more automatic increases in the Stated Amount thereof, the amount of such Letter of Credit shall be deemed to be the maximum Stated Amount of such Letter of Credit after giving effect to all such increases, whether or
not such maximum Stated Amount is in effect at such time. 
 1.08 Certifications. All certifications to be made hereunder by
an officer or representative of a Loan Party shall be made by such Person in his or her capacity solely as an officer or a representative of such Loan Party, on such Loan Party’s behalf, and not in such Person’s individual capacity. 

  
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 1.09 Effect of Restatement. On the Fourth Restatement Effective Date, this
Agreement shall amend, restate and supersede of the Existing Credit Agreement in its entirety and all commitments of the Lenders thereunder shall terminate and be replaced by the Commitments hereunder; provided that all Obligations
outstanding under the Existing Credit Agreement shall remain outstanding as Obligations hereunder until paid in accordance herewith (and this Agreement shall not constitute a novation or forgiveness of any such Obligations under the Existing Credit
Agreement). Any references in any Loan Document to the “Credit Agreement” (or any similar term) shall refer to this Agreement. 

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

THE COMMITMENTS AND CREDIT EXTENSIONS 

2.01 Loans; Reserves. 

(a) Subject to the terms and conditions set forth herein, each Revolving Lender severally agrees to make loans in Dollars (each such loan, a
“Revolving Loan”) to the Borrowers from time to time, on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the lesser of (x) the amount of such Lender’s Revolving
Commitment, or (y) such Lender’s Applicable Percentage of the Borrowing Base; subject in each case to the following limitations: 

(i) after giving effect to any Revolving Borrowing, the Total Revolving Exposure shall not exceed the Loan Cap, and 

(ii) after giving effect to any Revolving Borrowing, the Revolving Exposure of each Lender shall not exceed such Lender’s
Revolving Commitment. 
 Within the limits of each Lender’s Revolving Commitment, and subject to the other terms and conditions hereof,
the Borrowers may borrow under this Section 2.01, prepay under Section 2.05, and reborrow under this Section 2.01. Revolving Loans may be Base Rate Loans or LIBO Rate Loans, as further provided herein. 

(b) [Reserved]. 
 (c) The
Administrative Agent shall have the right, at any time and from time to time after the Fourth Restatement Effective Date in its Permitted Discretion to establish, modify or eliminate Reserves upon three (3) Business Days’ prior written
notice to the Lead Borrower (during which period the Administrative Agent shall be available to discuss in good faith any such 

  
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proposed Reserve with the Lead Borrower and the Loan Parties may take such action as may be required so that the event, condition or matter that is the basis for such Reserve or modification no
longer exists); provided that (x) no such prior notice shall be required for (1) changes to any Reserves resulting solely by virtue of mathematical calculations of the amount of the Reserve in accordance with the methodology of
calculation previously utilized (such as, but not limited to, rent and Customer Credit Liabilities), or (2) changes to Reserves or establishment of additional Reserves if it would be reasonably likely that a Material Adverse Effect to the
Lenders would occur were such Reserve not changed or established prior to the expiration of such three (3) Business Day period, or (3) changes to Reserves when a Default or Event of Default exists and (y) the Borrowers shall not be
permitted to request any Credit Extension during such three (3) Business Day period that would result in Total Revolving Exposures exceeding the Loan Cap after giving pro forma effect to the application of such Reserves. Promptly after the
Administrative Agent has knowledge that the event, condition or matter which is the basis for the establishment of a Reserve no longer exists, the Administrative Agent shall eliminate such Reserve. 

2.02 Borrowings, Conversions and Continuations of Revolving Loans and FILO Loans. 

(a) Loans (other than Swing Line Loans) shall be either Base Rate Loans or LIBO Rate Loans as the Lead Borrower may request subject to and in
accordance with this Section 2.02. All Swing Line Loans shall be only Base Rate Loans. Subject to the other provisions of this Section 2.02, Borrowings of more than one Type may be incurred at the same time. 

(b) Each Borrowing, each Conversion of Loans from one Type to the other, and each continuation of LIBO Rate Loans shall be made upon the Lead
Borrower’s irrevocable notice to the Administrative Agent, which may be given by (A) telephone, or (B) a Committed Loan Notice. Each such notice must be received by the Administrative Agent not later than 12:00 p.m. (i) three
Business Days prior to the requested date of any Borrowing of, Conversion to or continuation of LIBO Rate Loans or of any Conversion of LIBO Rate Loans to Base Rate Loans, and (ii) one Business Day prior to the requested date of any Borrowing
of Base Rate Loans. Each telephonic notice by the Lead Borrower pursuant to this Section 2.02(b) must be confirmed promptly by delivery to the Administrative Agent of a written Committed Loan Notice. Each Borrowing of, Conversion to or
continuation of LIBO Rate Loans shall be in a principal amount of $5,000,000 or a whole multiple of $1,000,000 in excess thereof. Except as provided in Sections 2.03(c) and 2.04(c), each Borrowing of or Conversion to Base Rate Loans shall be in a
principal amount of $500,000 or a whole multiple of $100,000 in excess thereof. Each Committed Loan Notice (whether telephonic or written) shall specify (i) whether the Lead Borrower is requesting a Borrowing, a Conversion of Loans from one
Type to the other, or a continuation of LIBO 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 Loans to be borrowed, Converted or
continued, (iv) the Class and Type of Loans to be borrowed or to which existing Loans are to be Converted, and (v) if applicable, the duration of the Interest Period with respect thereto. If the Lead Borrower fails to specify a Type
of Loan in a Committed Loan Notice or if the Lead Borrower fails to give a timely notice requesting a Conversion or continuation, then the applicable Loans shall be made as, or Converted to, Base Rate Loans. Any such automatic Conversion to

  
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Base Rate Loans shall be effective as of the last day of the Interest Period then in effect with respect to the applicable LIBO Rate Loans. If the Lead Borrower requests a Borrowing of,
Conversion to, or continuation of LIBO Rate Loans in any such Committed Loan Notice, but fails to specify an Interest Period, it will be deemed to have specified an Interest Period of one month. Notwithstanding anything to the contrary herein, a
Swing Line Loan may not be Converted to a LIBO Rate Loan. 
 (c) Following receipt of a Committed Loan Notice, the Administrative Agent
shall promptly notify each Lender of the relevant Class of the amount of its Applicable Percentage of the applicable Class of Loans, and if no timely notice of a Conversion or continuation is provided by the Lead Borrower, the
Administrative Agent shall notify each applicable Lender of the details of any automatic Conversion to Base Rate Loans described in Section 2.02(b). In the case of a Borrowing, each Lender shall make the amount of its Loan available to the
Administrative Agent in immediately available funds at the Administrative Agent’s Office not later than 1:00 p.m. on the Business Day specified in the applicable Committed Loan Notice. Upon satisfaction of the applicable conditions set forth in
Section 4.02 (or, if such Borrowing is the initial Credit Extension, Section 4.01), the Administrative Agent shall use reasonable efforts to make all funds so received available to the Borrowers in like funds by no later than 4:00 p.m. on
the day of receipt by the Administrative Agent either by (i) crediting the account of the Lead Borrower on the books of Bank of America 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 Lead Borrower; provided, however, that if, on the date the Committed Loan Notice with respect to a Borrowing of Revolving Loans is given by the
Lead Borrower, there are L/C Borrowings outstanding, then the proceeds of such Borrowing, first, shall be applied to the payment in full of any such L/C Borrowings, and second, shall be made available to the Borrowers as provided above. 

(d) The Administrative Agent, without the request of the Lead Borrower, may (but shall be under no obligation to) advance any interest, fee,
service charge, expenses, or other payment to which any Credit Party is entitled from the Loan Parties pursuant hereto or any other Loan Document and may charge the same to the Loan Account notwithstanding that an Overadvance may result thereby,
except that with respect to any third-party fees and expenses, the Administrative Agent shall only make such an advance in the event that the Borrowers, after receipt of an invoice therefor, fail to make such payment when due. The Administrative
Agent shall advise the Lead Borrower of any such advance or charge promptly after the making thereof. Such action on the part of the Administrative Agent shall not constitute a waiver of the Administrative Agent’s rights and the Borrowers’
obligations under Section 2.05(c). Any amount which is added to the principal balance of the Loan Account as provided in this Section 2.02(d) shall bear interest at the interest rate then and thereafter applicable to Revolving Loans that
are Base Rate Loans. 
 (e) Except as otherwise provided herein, a LIBO Rate Loan may be continued or Converted only on the last day of an
Interest Period for such LIBO Rate Loan. During the existence of an Event of Default, no Loans may be requested as, Converted to or continued as LIBO Rate Loans without the consent of the Required Lenders. 

  
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 (f) The Administrative Agent shall promptly notify the Lead Borrower and the applicable
Lenders of the interest rate applicable to any Interest Period for LIBO Rate Loans upon determination of such interest rate. At any time that Base Rate Loans are outstanding, the Administrative Agent shall notify the Lead Borrower and the Lenders of
any change in Bank of America’s prime rate used in determining the Base Rate promptly following the public announcement of such change. 

(g) After giving effect to all Borrowings, all Conversions of Loans from one Type to the other, and all continuations of Loans as the same
Type, there shall not be more than ten (10) Interest Periods in effect with respect to LIBO Rate Loans. 
 (h) The Administrative
Agent, the Lenders, the Swing Line Lender and each L/C Issuer shall have no obligation to make any Loan or to provide any Letter of Credit if an Overadvance would result. The Administrative Agent may, in its discretion, make Permitted Overadvances
without the consent of the Borrowers, the Lenders, the Swing Line Lender and each L/C Issuer and the Borrowers and each Lender shall be bound thereby. Any Permitted Overadvance may constitute a Swing Line Loan. A Permitted Overadvance is for the
account of the Borrowers and shall constitute a Base Rate Loan and an Obligation and shall be repaid by the Borrowers in accordance with the provisions of Section 2.05(c). The making of any such Permitted Overadvance on any one occasion shall
not obligate the Administrative Agent or any Lender to make or permit any Permitted Overadvance on any other occasion or to permit such Permitted Overadvances to remain outstanding. The making by the Administrative Agent of a Permitted Overadvance
shall not modify or abrogate any of the provisions of Section 2.03 regarding the Revolving Lenders’ obligations to purchase participations with respect to Letters of Credit or of Section 2.04 regarding the Revolving Lenders’
obligations to purchase participations with respect to Swing Line Loans. The Administrative Agent shall have no liability for, and no Loan Party or Credit Party shall have the right to, or shall, bring any claim of any kind whatsoever against the
Administrative Agent with respect to Unintentional Overadvances regardless of the amount of any such Overadvance(s). 
 2.03
Letters of Credit. 
 (a) The Letter of Credit Commitment. 

(i) Subject to the terms and conditions set forth herein, (A) each L/C Issuer agrees, in reliance (among other things) upon the
agreements of the Revolving Lenders set forth in this Section 2.03, (1) from time to time on any Business Day during the period from the Fourth Restatement Effective Date until the Letter of Credit Expiration Date, to issue Letters of Credit
for the account of the Borrowers, and to amend or extend Letters of Credit previously issued by it, in accordance with Section 2.03(b) below, and (2) to honor drawings under the Letters of Credit issued by it; and (B) the Lenders
severally agree to participate in Letters of Credit issued for the account of the Borrowers and any drawings thereunder; provided that after giving effect to any L/C Credit Extension with respect to any Letter of Credit, (x) the Total
Revolving Exposure shall not exceed the Loan Cap, (y) the Revolving Exposure of each Lender shall not exceed such Lender’s Revolving Commitment, and (z) the Outstanding Amount of the L/C Obligations shall not exceed the Letter of
Credit Sublimit; provided, further, that no L/C Issuer shall be required to 

  
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issue any Letter of Credit that is not a Standby Letter of Credit. Each request by the Lead Borrower for the issuance or amendment of a Letter of Credit shall be deemed to be a representation by
the Borrowers that the L/C Credit Extension so requested complies with the conditions set forth in the proviso to the preceding sentence. Within the foregoing limits, and subject to the terms and conditions hereof, the Borrowers’ ability to
obtain Letters of Credit shall be fully revolving, and accordingly the Borrowers may, during the foregoing period, obtain Letters of Credit to replace Letters of Credit that have expired or that have been drawn upon and reimbursed. 

(ii) No L/C Issuer shall issue any Letter of Credit, if: 

(A) subject to Section 2.03(b)(iii), the expiry date of such requested Letter of Credit would occur more than twelve
months after the date of issuance or last extension, unless the Required Revolving Lenders and the applicable L/C Issuer have approved such expiry date; or 

(B) [Reserved]; or 

(C) the expiry date of such requested Letter of Credit would occur after the Letter of Credit Expiration Date, unless either
such Letter of Credit is Cash Collateralized on or prior to the date of issuance of such Letter of Credit (or such later date as to which the Administrative Agent and the applicable L/C Issuer may agree) or all the Lenders have approved such expiry
date. 
 (iii) No L/C Issuer shall issue any Letter of Credit without the prior consent of the Administrative Agent (and even with such
consent shall not be obligated to issue such Letter of Credit unless otherwise consented to by such L/C Issuer in its sole discretion) if: 

(A) any order, judgment or decree of any Governmental Authority or arbitrator shall by its terms purport to enjoin or restrain
such L/C Issuer from issuing such Letter of Credit, or any Law applicable to such L/C Issuer or any request or directive (whether or not having the force of law) from any Governmental Authority with jurisdiction over such L/C Issuer shall prohibit,
or request that such L/C Issuer refrain from, the issuance of letters of credit generally or such Letter of Credit in particular or shall impose upon such L/C Issuer with respect to such Letter of Credit any restriction, reserve or capital
requirement (for which such L/C Issuer is not otherwise compensated hereunder) not in effect on the Fourth Restatement Effective Date, or shall impose upon such L/C Issuer any unreimbursed loss, cost or expense which was not applicable on the Fourth
Restatement Effective Date and which such L/C Issuer in good faith deems material to it; 
 (B) the issuance of such Letter
of Credit would violate one or more policies of such L/C Issuer applicable to letters of credit generally; 
 (C) such Letter
of Credit is to be denominated in a currency other than Dollars; provided that if such L/C Issuer, in its discretion, issues a Letter of Credit denominated in a currency other than Dollars, all reimbursements by the Borrowers of the honoring
of any drawing under such Letter of Credit shall be paid in the currency in which such Letter of Credit was denominated unless otherwise agreed by the applicable L/C Issuer and the Lead Borrower; 

  
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 (D) such Letter of Credit contains any provisions for automatic
reinstatement of the Stated Amount after any drawing thereunder; 
 (E) a default of any Lender’s obligations to fund
under Section 2.03(c) exists or any Revolving Lender is at such time a Defaulting Lender hereunder, except as provided in Section 9.16; 

(F) the aggregate Outstanding Amount of L/C Obligations in respect of Letters of Credit issued by such L/C Issuer would exceed
such L/C Issuer’s L/C Issuer Sublimit; or 
 (G) such Letter of Credit is a commercial letter of credit or banker’s
acceptance unless such L/C Issuer generally issues such type of instruments for other borrowers. 
 (iv) No L/C Issuer shall amend any
Letter of Credit if such L/C Issuer would not be permitted at such time to issue such Letter of Credit in its amended form under the terms hereof or if the beneficiary of such Letter of Credit does not accept the proposed amendment to such Letter of
Credit. 
 (v) Each L/C Issuer shall have all of the benefits and immunities (A) provided to the Administrative Agent in Article IX
with respect to any acts taken or omissions suffered by such L/C Issuer in connection with Letters of Credit issued by it or proposed to be issued by it and Issuer Documents pertaining to such Letters of Credit as fully as if the term
“Administrative Agent” as used in Article IX included such L/C Issuer with respect to such acts or omissions, and (B) as additionally provided herein with respect to such L/C Issuer. 

(vi) The letters of credit existing on the Fourth Restatement Effective Date have been established and issued by applicable L/C Issuer for the
account of the Lead Borrower or any of its Restricted Subsidiaries (pursuant to the Existing Credit Agreement), and shall be deemed to have been issued under this Agreement on the Fourth Restatement Effective Date. Additionally, notwithstanding
anything to the contrary in this Agreement, if, following the Fourth Restatement Effective Date, any Person that is an L/C Issuer hereunder has issued any letter of credit under any other agreement (other than this Agreement) for the account of the
Lead Borrower or any Person that becomes a Restricted Subsidiary then, so long as such letter of credit otherwise is then in a form that would be permitted to be issued as a Letter of Credit hereunder and subject to the limitations set forth in
Section 2.03(a)(i), if agreed to in writing by the Administrative Agent, the applicable L/C Issuer, and the Lead Borrower, such letter of credit shall be deemed to be a Letter of Credit issued by such L/C Issuer under this Agreement for the
account of the Borrowers on the date specified in such writing. 

  
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 (b) Procedures for Issuance and Amendment of Letters of Credit; Auto-Extension Letters of
Credit. 
 (i) Each Letter of Credit shall be issued or amended, as the case may be, upon the request of the Lead Borrower delivered to
the applicable L/C Issuer (with a copy to the Administrative Agent) in the form of a Letter of Credit Application, appropriately completed and signed by a Responsible Officer of the Lead Borrower. Such Letter of Credit Application must be received
by the applicable L/C Issuer and the Administrative Agent not later than 12:00 p.m. at least two Business Days (or such other date and time as the Administrative Agent and the applicable L/C Issuer may agree in a particular instance in their sole
discretion) prior to the proposed issuance date or date of amendment, as the case may be. In the case of a request for an initial issuance of a Letter of Credit, such Letter of Credit Application shall specify in form and detail reasonably
satisfactory to the applicable L/C Issuer: (A) the proposed issuance date of the requested Letter of Credit (which shall be a Business Day); (B) the amount thereof; (C) the expiry date thereof; (D) the name and address of the
beneficiary thereof; (E) the documents to be presented by such beneficiary in case of any drawing thereunder; (F) the full text of any certificate to be presented by such beneficiary in case of any drawing thereunder; and (G) such
other matters as the applicable L/C Issuer may reasonably require. In the case of a request for an amendment of any outstanding Letter of Credit, such Letter of Credit Application shall specify in form and detail reasonably satisfactory to the
applicable L/C Issuer (A) the Letter of Credit to be amended; (B) the proposed date of amendment thereof (which shall be a Business Day); (C) the nature of the proposed amendment; and (D) such other matters as the applicable L/C
Issuer may reasonably require. Additionally, the Lead Borrower shall furnish to the applicable L/C Issuer and the Administrative Agent such other documents and information pertaining to such requested Letter of Credit issuance or amendment,
including any Issuer Documents, as the applicable L/C Issuer or the Administrative Agent may reasonably require. 
 (ii) Promptly after
receipt of any Letter of Credit Application, the applicable L/C Issuer will confirm with the Administrative Agent (by telephone or in writing) that the Administrative Agent has received a copy of such Letter of Credit Application from the Lead
Borrower and, if not, the applicable L/C Issuer will provide the Administrative Agent with a copy thereof. Unless the applicable L/C Issuer has received written notice from any Revolving Lender, the Administrative Agent or any Loan Party, at least
one Business Day prior to the requested date of issuance or amendment of the applicable Letter of Credit, that one or more applicable conditions contained in Article IV shall not then be satisfied, then, subject to the terms and conditions hereof,
the applicable L/C Issuer shall, on the requested date, issue a Letter of Credit for the account of the applicable Borrower or enter into the applicable amendment, as the case may be, in each case in accordance with the applicable L/C Issuer’s
usual and customary business practices. Immediately upon the issuance or amendment of each Letter of Credit, each Lender shall be deemed to (without any further action), and hereby irrevocably and unconditionally agrees to, purchase from the
applicable L/C Issuer, without recourse or warranty, a risk participation in such Letter of Credit in an amount equal to the product of such Lender’s Applicable Percentage times the Stated Amount of such Letter of Credit. Upon any change in the
Commitments under this Agreement, it is hereby agreed that with respect to all L/C Obligations, there shall be an automatic adjustment to the participations hereby created to reflect the new Applicable Percentages of the assigning and assignee
Lenders. 

  
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 (iii) If the Lead Borrower so requests in any applicable Letter of Credit Application, each
L/C Issuer may, in its sole and absolute discretion, agree to issue a Standby Letter of Credit that has automatic extension provisions (each, an “Auto-Extension Letter of Credit”); provided that any such Auto-Extension Letter
of Credit must permit such L/C Issuer to prevent any such extension at least once in each twelve-month period (commencing with the date of issuance of such Standby Letter of Credit) by giving prior notice to the beneficiary thereof not later than a
day (the “Non-Extension Notice Date”) in each such twelve-month period to be agreed upon at the time such Standby Letter of Credit is issued. Unless otherwise directed by the applicable L/C
Issuer, the Lead Borrower shall not be required to make a specific request to such L/C Issuer for any such extension. Once an Auto-Extension Letter of Credit has been issued, the Lenders shall be deemed to have authorized (but may not require)
applicable L/C Issuer to permit the extension of such Standby Letter of Credit at any time to an expiry date not later than the Letter of Credit Expiration Date; provided, however, that the applicable L/C Issuer shall not permit any
such extension if (A) such L/C Issuer has determined that it would not be permitted at such time to issue such Standby Letter of Credit in its revised form (as extended) under the terms hereof (by reason of the provisions of clauses
(ii) or (iii) of Section 2.03(a) or otherwise), or (B) it has received notice (which may be by telephone or in writing) on or before the day that is five Business Days before the Non-Extension
Notice Date (1) from the Administrative Agent that the Required Revolving Lenders have elected not to permit such extension or (2) from the Administrative Agent, any Revolving Lender or the Lead Borrower that one or more of the applicable
conditions specified in Section 4.02 is not then satisfied, and in each such case directing such L/C Issuer not to permit such extension. 

(iv) Promptly after its delivery of any Letter of Credit or any amendment to a Letter of Credit to an advising bank with respect thereto or to
the beneficiary thereof, the applicable L/C Issuer will also deliver to the Lead Borrower and the Administrative Agent a true and complete copy of such Letter of Credit or amendment. 

(c) Drawings and Reimbursements; Funding of Participations. 

(i) Upon receipt from the beneficiary of any Letter of Credit of any notice of a drawing under such Letter of Credit, the applicable L/C
Issuer shall notify the Lead Borrower and the Administrative Agent thereof on or prior to the Honor Date (as defined below); provided, however, that any failure to give or delay in giving such notice shall not relieve the Borrowers of
their obligation to reimburse such L/C Issuer and the Lenders with respect to any such payment. No later than 11:00 a.m. on the first Business Day after the later of the date of any payment by the applicable L/C Issuer under a Letter of Credit (each
such date, an “Honor Date”) or the date that such L/C Issuer notifies the Lead Borrower of such drawing, the Borrowers shall reimburse the applicable L/C Issuer through the Administrative Agent in an amount equal to the amount of
such drawing. If the Borrowers fail to so reimburse such L/C Issuer by such time, the Administrative Agent shall promptly notify each Revolving Lender of the Honor Date, the amount of the unreimbursed drawing (the “Unreimbursed
Amount”), and the amount of such Revolving Lender’s Applicable Percentage thereof. In such event, the Borrowers shall be deemed to have requested a Revolving Borrowing of Base Rate Loans to be disbursed in an amount equal to the
Unreimbursed Amount, without regard to the minimum and multiples specified in Section 2.02(b) for the principal amount of Base Rate Loans, but subject to the amount of the unutilized 

  
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portion of the Aggregate Revolving Commitments and the conditions set forth in Section 4.02 (other than the delivery of a Committed Loan Notice). Any notice given by an L/C Issuer or the
Administrative Agent pursuant to this Section 2.03(c)(i) may be given by telephone if immediately confirmed in writing; provided that the lack of such an immediate confirmation shall not affect the conclusiveness or binding effect of
such notice. 
 (ii) Each Revolving Lender shall upon any notice from the Administrative Agent pursuant to Section 2.03(c)(i) make
funds available to the Administrative Agent for the account of the applicable L/C Issuer at the Administrative Agent’s Office in an amount equal to its Applicable Percentage of the Unreimbursed Amount not later than 1:00 p.m. on the Business
Day specified in such notice by the Administrative Agent, whereupon, subject to the provisions of Section 2.03(c)(iii), each Revolving Lender that so makes funds available shall be deemed to have made a Base Rate Loan to the Borrowers in such
amount. The Administrative Agent shall remit the funds so received to the applicable L/C Issuer. 
 (iii) With respect to any Unreimbursed
Amount that is not fully refinanced by a Revolving Borrowing of Base Rate Loans because the conditions set forth in Section 4.02 cannot be satisfied or for any other reason, the Borrowers shall be deemed to have incurred from the applicable L/C
Issuer an L/C Borrowing in the amount of the Unreimbursed Amount that is not so refinanced, which L/C Borrowing shall be due and payable on demand (together with interest) and shall bear interest at the Default Rate. In such event, each Revolving
Lender’s payment to the Administrative Agent for the account of the applicable L/C Issuer pursuant to Section 2.03(c)(ii) shall be deemed payment in respect of its participation in such L/C Borrowing and shall constitute an L/C Advance
from such Revolving Lender in satisfaction of its participation obligation under this Section 2.03. 
 (iv) Until each Revolving Lender
funds its Revolving Loan or L/C Advance pursuant to this Section 2.03(c) to reimburse the applicable L/C Issuer for any amount drawn under any Letter of Credit issued by it, interest in respect of such Revolving Lender’s Applicable
Percentage of such amount shall be solely for the account of such L/C Issuer. 
 (v) Each Revolving Lender’s obligation to make
Revolving Loans or L/C Advances to reimburse the applicable L/C Issuer for amounts drawn under Letters of Credit issued by it, as contemplated by this Section 2.03(c), shall be absolute and unconditional and shall not be affected by any
circumstance, including (A) any setoff, counterclaim, recoupment, defense or other right which such Revolving Lender may have against such L/C Issuer, any Borrower or any other Person for any reason whatsoever; (B) the occurrence or
continuance of a Default, or (C) any other occurrence, event or condition, whether or not similar to any of the foregoing; provided, however, that each Revolving Lender’s obligation to make Revolving Loans pursuant to this
Section 2.03(c) is subject to the conditions set forth in Section 4.02 (other than delivery by the Lead Borrower of a Committed Loan Notice). No such making of an L/C Advance shall relieve or otherwise impair the obligation of the
Borrowers to reimburse an L/C Issuer for the amount of any payment made by such L/C Issuer under any Letter of Credit, together with interest as provided herein. 

  
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 (vi) If any Revolving Lender fails to make available to the Administrative Agent for the
account of an L/C Issuer any amount required to be paid by such Revolving Lender pursuant to the foregoing provisions of this Section 2.03(c) by the time specified in Section 2.03(c)(ii), such L/C Issuer shall be entitled to recover from
such Revolving Lender (acting through the Administrative Agent), on demand, such amount with interest thereon for the period from the date such payment is required to the date on which such payment is immediately available to such L/C Issuer at a
rate per annum equal to the greater of the Federal Funds Rate and a rate determined by such L/C Issuer in accordance with banking industry rules on interbank compensation plus any administrative, processing or similar fees customarily charged by
such L/C Issuer in connection with the foregoing. If such Lender pays such amount (with interest and fees as aforesaid), the amount so paid shall constitute such Revolving Lender’s Revolving Loan included in the relevant Revolving Borrowing or
L/C Advance in respect of the relevant L/C Borrowing, as the case may be. A certificate of an L/C Issuer submitted to any Revolving Lender (through the Administrative Agent) with respect to any amounts owing under this clause (vi) shall be
conclusive absent manifest error. 
 (d) Repayment of Participations. 

(i) At any time after an L/C Issuer has made a payment under any Letter of Credit and has received from any Revolving Lender such Revolving
Lender’s L/C Advance in respect of such payment in accordance with Section 2.03(c), if the Administrative Agent receives for the account of such L/C Issuer any payment in respect of the related Unreimbursed Amount or interest thereon
(whether directly from the Borrowers or otherwise, including proceeds of cash collateral applied thereto by the Administrative Agent pursuant to Section 2.03(g)), the Administrative Agent will distribute to such Revolving Lender its Applicable
Percentage thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Lender’s L/C Advance was outstanding) in the same funds as those received by the Administrative Agent. 

(ii) If any payment received by the Administrative Agent for the account of an L/C Issuer pursuant to Section 2.03(c)(i) is required to
be returned under any of the circumstances described in Section 10.05 (including pursuant to any settlement entered into by such L/C Issuer in its discretion), each Revolving Lender shall pay to the Administrative Agent for the account of such
L/C Issuer its Applicable Percentage thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned by such Revolving Lender, at a rate per annum equal to the Federal
Funds Rate from time to time in effect. The obligations of the Revolving Lenders under this clause shall survive the payment in full of the Obligations and the termination of this Agreement. 

(e) Obligations Absolute. The obligation of the Borrowers to reimburse each L/C Issuer for each drawing under each Letter of Credit and
to repay each L/C Borrowing shall be absolute, unconditional and irrevocable, and shall be paid strictly in accordance with the terms of this Agreement under all circumstances, including the following: 

(i) any lack of validity or enforceability of such Letter of Credit, this Agreement, or any other Loan Document; 

  
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 (ii) the existence of any claim, counterclaim, setoff, defense or other
right that the Borrowers or any Subsidiary may have at any time against any beneficiary or any transferee of such Letter of Credit (or any Person for whom any such beneficiary or any such transferee may be acting), such L/C Issuer or any other
Person, whether in connection with this Agreement, the transactions contemplated hereby or by such Letter of Credit or any agreement or instrument relating thereto, or any unrelated transaction; 

(iii) any draft, demand, certificate or other document presented under such Letter of Credit proving to be forged, fraudulent,
invalid or insufficient in any respect or any statement therein being untrue or inaccurate in any respect; or any loss or delay in the transmission or otherwise of any document required in order to make a drawing under such Letter of Credit; 

(iv) any payment by such L/C Issuer under such Letter of Credit against presentation of a draft or certificate that does not
strictly comply with the terms of such Letter of Credit; or any payment made by such L/C Issuer under such Letter of Credit to any Person purporting to be a trustee in bankruptcy,
debtor-in-possession, assignee for the benefit of creditors, liquidator, receiver or other representative of or successor to any beneficiary or any transferee of such
Letter of Credit, including any arising in connection with any proceeding under any Debtor Relief Law; 
 (v) any other
circumstance or happening whatsoever, whether or not similar to any of the foregoing, including any other circumstance that might otherwise constitute a defense available to, or a discharge of, the Borrowers or any of their Subsidiaries; or 

(vi) the fact that any Event of Default shall have occurred and be continuing. 

Notwithstanding the foregoing, any such reimbursement by the Borrowers shall be without prejudice and shall not constitute a waiver of any
claim that the Borrowers may have against any L/C Issuer, the Administrative Agent or the Lenders arising out of or relating to any Letter of Credit, which shall in each case be subject to the limitations on liability for any L/C Issuer or the
Administrative Agent set forth in Section 2.03(f). 
 The Lead Borrower shall promptly examine a copy of each Letter of Credit and each
amendment thereto that is delivered to it and, in the event of any claim of noncompliance with the Lead Borrower’s instructions or other irregularity, the Lead Borrower will promptly notify the applicable L/C Issuer. The Borrowers shall be
conclusively deemed to have waived any such claim against such L/C Issuer and its correspondents unless such notice is given as aforesaid. 

(f) Role of L/C Issuers. Each Lender and the Borrowers agree that, in paying any drawing under a Letter of Credit, no L/C Issuer shall
have any responsibility to obtain any document (other than any sight draft, certificates and documents expressly required by the Letter of Credit) or to ascertain or inquire as to the validity or accuracy of any such document or the authority of the
Person executing or delivering any such document. None of the L/C Issuers, the Administrative Agent, any of their respective Related Parties nor any correspondent, participant or assignee of any L/C Issuer shall be liable to any Lender for
(i) any action taken or omitted in 

  
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connection herewith at the request or with the approval of the Required Lenders or the Required Revolving Lenders, as applicable; (ii) any action taken or omitted in the absence of gross
negligence or willful misconduct as determined in a final non-appealable judgment of a court of competent jurisdiction; (iii) any error, omission, interruption, loss or delay in transmission or delivery
of any draft, notice or other communication under or relating to any Letter of Credit or any error in interpretation of technical terms; or (iv) the due execution, effectiveness, validity or enforceability of any document or instrument related
to any Letter of Credit or Issuer Document. The Borrowers hereby assume all risks of the acts or omissions of any beneficiary or transferee with respect to its use of any Letter of Credit; provided, however, that this assumption is not
intended to, and shall not, preclude the Borrowers’ pursuing such rights and remedies as it may have against the beneficiary or transferee at law or under any other agreement. None of the L/C Issuers, the Administrative Agent, any of their
respective Related Parties nor any correspondent, participant or assignee of any L/C Issuer shall be liable or responsible for any of the matters described in clauses (i) through (vi) of Section 2.03(e); provided, however,
that anything in such clauses to the contrary notwithstanding, the Borrowers may have a claim against an L/C Issuer, and such L/C Issuer may be liable to the Borrowers, to the extent, but only to the extent, of any direct, as opposed to
consequential or exemplary, damages suffered by the Borrowers which the Borrowers prove were caused by such L/C Issuer’s willful misconduct or gross negligence or such L/C Issuer’s willful failure to pay under any Letter of Credit after
the presentation to it by the beneficiary of a sight draft and certificate(s) strictly complying with the terms and conditions of a Letter of Credit. In furtherance and not in limitation of the foregoing, each L/C Issuer may accept documents that
appear on their face to be in order, without responsibility for further investigation, regardless of any notice or information to the contrary (or such L/C Issuer may refuse to accept and make payment upon such documents if such documents are not in
strict compliance with the terms of such Letter of Credit), and such L/C Issuer shall not be responsible for the validity or sufficiency of any instrument transferring or assigning or purporting to transfer or assign a Letter of Credit or the rights
or benefits thereunder or proceeds thereof, in whole or in part, which may prove to be invalid or ineffective for any reason. 
 (g) Cash
Collateral. Upon the written request of the Administrative Agent or the applicable L/C Issuer, if, as of the Letter of Credit Expiration Date, any L/C Obligation for any reason remains outstanding, the Borrowers shall, in each case, within one
Business Day after such request, Cash Collateralize the then Outstanding Amount of all L/C Obligations. Sections 2.05 and 8.02(c) set forth certain additional requirements to deliver Cash Collateral hereunder. For purposes of this Section 2.03,
Section 2.05 and Section 8.02(c), “Cash Collateralize” means to pledge and deposit with or deliver to the Administrative Agent, for the benefit of the applicable L/C Issuers and the Lenders, as collateral for the L/C
Obligations, cash or deposit account balances in an amount equal to 103% of the Outstanding Amount of all L/C Obligations, pursuant to documentation in form and substance reasonably satisfactory to the Administrative Agent and such L/C Issuers
(which documents are hereby consented to by the Lenders). The Borrowers hereby grant to the Collateral Agent a security interest in all such cash, deposit accounts and all balances therein and all proceeds of the foregoing to secure all Obligations.
Such cash collateral shall be maintained in blocked, non-interest bearing deposit accounts at Bank of America, except that Permitted Investments of the type listed in clause (a) of the definition thereof
may be made at the request of the Lead Borrower at the option and in the sole discretion of the Administrative Agent (and at the Borrowers’ risk and expense); interest or profits, if any, on such investments

  
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shall accumulate in such account. If at any time the Administrative Agent reasonably determines that any funds held as cash collateral are subject to any right or claim of any Person other than
the Administrative Agent or that the total amount of such funds is less than the aggregate Outstanding Amount of all L/C Obligations, the Borrowers will, forthwith upon demand by the Administrative Agent, pay to the Administrative Agent, as
additional funds to be deposited as cash collateral, an amount equal to the excess of (x) such aggregate Outstanding Amount over (y) the total amount of funds, if any, then held as cash collateral that the Administrative Agent reasonably
determines to be free and clear of any such right and claim. Upon the drawing of any Letter of Credit for which funds are on deposit as cash collateral, such funds shall be applied, to the extent permitted under applicable Law, to reimburse the
applicable L/C Issuer and, to the extent not so applied, shall thereafter be applied, to the extent permitted under applicable Law, to satisfy other Obligations. 

(h) Applicability of ISP and UCP. Unless otherwise expressly agreed by the applicable L/C Issuer and the Lead Borrower when a Letter of
Credit is issued, (i) the rules of the ISP shall apply to each Standby Letter of Credit, and (ii) the rules of the Uniform Customs and Practice for Documentary Credits, as most recently published by the International Chamber of Commerce at
the time of issuance shall apply to each Commercial Letter of Credit. 
 (i) Letter of Credit Fees. The Borrowers shall pay to the
Administrative Agent for the account of each Revolving Lender in accordance with its Applicable Percentage a Letter of Credit fee (the “Letter of Credit Fee”) for each Letter of Credit equal to the Applicable Rate times the daily
Stated Amount under each such Letter of Credit (whether or not such maximum amount is then in effect under such Letter of Credit). For purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount of the Letter
of Credit shall be determined in accordance with Section 1.07. Letter of Credit Fees shall be (i) due and payable on the tenth Business Day after the end of each March, June, September and December, commencing with the first such date to
occur after the issuance of such Letter of Credit, on each Maturity Date of any Revolving Commitments, on the Letter of Credit Expiration Date and thereafter on demand, and (ii) computed on a quarterly basis in arrears. Notwithstanding anything
to the contrary contained herein, while any Event of Default exists, all Letter of Credit Fees shall accrue at the Default Rate as provided in Section 2.08(b) hereof. 

(j) Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The Borrowers shall pay directly to the applicable L/C
Issuer for its own account a fronting fee (i) with respect to each Commercial Letter of Credit, at a rate equal to 0.125% per annum, computed on the amount of such Letter of Credit, and payable upon the issuance or amendment thereof, and
(ii) with respect to each Standby Letter of Credit, at a rate equal to 0.125% per annum, computed on the daily amount available to be drawn under such Letter of Credit and on a quarterly basis in arrears. Such fronting fees shall be due and
payable on the tenth Business Day after the end of each March, June, September and December, commencing with the first such date to occur after the issuance of such Letter of Credit, on the Letter of Credit Expiration Date and thereafter on demand.
For purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount of the Letter of Credit shall be determined in accordance with Section 1.07. In addition, the Borrowers shall pay directly to the applicable
L/C Issuer for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges, of the applicable L/C Issuer relating to letters of credit as from time to time in effect. Such customary
fees and standard costs and charges are due and payable on demand and are nonrefundable. 

  
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 (k) Conflict with Issuer Documents. In the event of any conflict between the terms
hereof and the terms of any Issuer Document, the terms hereof shall control. 
 (l) Resignation or Addition of an L/C Issuer. An L/C
Issuer that is no longer a Revolving Lender hereunder may resign as L/C Issuer at any time upon at least 30 days’ prior written notice to the Administrative Agent and the Borrowers. One or more Revolving Lenders may be appointed as additional
L/C Issuers in accordance with definition of “L/C Issuer”. The Administrative Agent shall notify the Revolving Lenders of any such resignation of an L/C Issuer or any such appointment of an additional L/C Issuer. At the time any such
resignation shall become effective, the Borrowers shall pay all unpaid fees accrued for the account of the resigning L/C Issuer. From and after the effective date of any such resignation or addition, as applicable, (i) any successor or
additional L/C Issuer shall have all the rights and obligations of an L/C Issuer under this Agreement with respect to Letters of Credit to be issued thereafter and (ii) references herein to the term “L/C Issuer” shall be deemed to
refer to such successor or such addition or to any previous L/C Issuer, or to such successor or such additional L/C Issuer and all previous L/C Issuers, as the context shall require. After the resignation of an L/C Issuer hereunder, such L/C Issuer
shall remain a party hereto and shall continue to have all the rights and obligations of an L/C Issuer under this Agreement with respect to Letters of Credit issued by it prior to such resignation or replacement, but shall not be required to issue
additional Letters of Credit. If at any time there is more than one L/C Issuer hereunder, the Borrower may, in its discretion, select which L/C Issuer is to issue any particular Letter of Credit.  

2.04 Swing Line Loans. 

(a) The Swing Line. Subject to the terms and conditions set forth herein, the Swing Line Lender agrees, in reliance upon the agreements
of the other Revolving Lenders set forth in this Section 2.04, to make loans (each such loan, a “Swing Line Loan”) to the Borrowers from time to time on any Business Day during the Availability Period in an aggregate amount not
to exceed at any time outstanding the amount of the Swing Line Sublimit, notwithstanding the fact that such Swing Line Loans, when aggregated with the Applicable Percentage of the Outstanding Amount of Revolving Loans and L/C Obligations of the
Lender acting as Swing Line Lender, may exceed the amount of such Lender’s Revolving Commitment; provided, however, that after giving effect to any Swing Line Loan, (i) the Total Revolving Exposure shall not exceed Loan Cap,
and (ii) the Revolving Exposure of any Lender at such time shall not exceed such Lender’s Revolving Commitment, and provided, further, that the Borrowers shall not use the proceeds of any Swing Line Loan to refinance any
outstanding Swing Line Loan, and provided further that the Swing Line Lender shall not be obligated to make any Swing Line Loan at any time when any Revolving Lender is at such time a Defaulting Lender hereunder, unless the Swing Line
Lender has entered into satisfactory arrangements with the Borrowers or such Lender to eliminate the Swing Line Lender’s risk with respect to such Lender. Within the foregoing limits, and subject to the other terms and conditions hereof, the
Borrowers may borrow under this Section 2.04, prepay under Section 2.05, and reborrow under this Section 2.04. Each Swing Line Loan 

  
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shall bear interest only at a rate based on the Base Rate. Immediately upon the making of a Swing Line Loan, each Revolving Lender shall be deemed to, and hereby irrevocably and unconditionally
agrees to, purchase from the Swing Line Lender a risk participation in such Swing Line Loan in an amount equal to the product of such Revolving Lender’s Applicable Percentage multiplied by the amount of such Swing Line Loan. The
Swing Line Lender shall have all of the benefits and immunities (A) provided to the Administrative Agent in Article IX with respect to any acts taken or omissions suffered by the Swing Line Lender in connection with Swing Line Loans made by it
or proposed to be made by it as if the term “Administrative Agent” as used in Article IX included the Swing Line Lender with respect to such acts or omissions, and (B) as additionally provided herein with respect to the Swing Line
Lender. 
 (b) Borrowing Procedures. Each Swing Line Borrowing shall be made upon the Lead Borrower’s irrevocable notice to the
Swing Line Lender and the Administrative Agent, which may be given by (A) telephone or (B) by a Swing Line Loan Notice. Each such notice must be received by the Swing Line Lender and the Administrative Agent not later than 2:00 p.m. on the
requested borrowing date, and shall specify (i) the amount to be borrowed, which shall be a minimum of $100,000, and (ii) the requested borrowing date, which shall be a Business Day. Each such telephonic notice must be confirmed promptly
by delivery to the Swing Line Lender and the Administrative Agent of a written Swing Line Loan Notice. Promptly after receipt by the Swing Line Lender of any Swing Line Loan Notice, the Swing Line Lender will confirm with the Administrative Agent
(by telephone or in writing) that the Administrative Agent has also received such Swing Line Loan Notice and, if not, the Swing Line Lender will notify the Administrative Agent (by telephone or in writing) of the contents thereof. Unless the Swing
Line Lender has received notice (by telephone or in writing) from the Administrative Agent at the request of the Required Revolving Lenders prior to 2:00 p.m. on the date of the proposed Swing Line Borrowing (A) directing the Swing Line Lender
not to make such Swing Line Loan as a result of the limitations set forth in the proviso to the first sentence of Section 2.04(a), or (B) that one or more of the applicable conditions specified in Article IV is not then satisfied, then,
subject to the terms and conditions hereof, the Swing Line Lender may, not later than 4:00 p.m. on the borrowing date specified in such Swing Line Loan Notice, make the amount of its Swing Line Loan available to the Borrowers either by
(i) crediting the account of the Lead Borrower on the books of Bank of America with the amount of such funds or (ii) wire transfer of such funds, in each case in accordance with instructions provided to the Swing Line Lender by the Lead
Borrower; provided, however, that if, on the date of the proposed Swing Line Loan, there are L/C Borrowings outstanding, then the proceeds of such Swing Line Loan, first, shall be applied to the payment in full of any such L/C
Borrowings, and second, shall be made available to the Borrowers as provided above. 
 (c) Refinancing of Swing Line Loans. 

(i) The Swing Line Lender at any time in its sole and absolute discretion may (and with respect to any Swing Line Loans that is outstanding on
the date that is one week after the funding thereof, shall) request, on behalf of the Borrowers (which hereby irrevocably authorize the Swing Line Lender to so request on their behalf), that each Revolving Lender make a Revolving Loan that is a Base
Rate Loan in an amount equal to such Lender’s Applicable Percentage of the amount of Swing Line Loans then outstanding. Such request shall be made in writing 

  
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(which written request shall be deemed to be a Committed Loan Notice for purposes hereof) and in accordance with the requirements of Section 2.02, without regard to the minimum and multiples
specified therein for the principal amount of Base Rate Loans, but subject to the unutilized portion of the Aggregate Revolving Commitments and the conditions set forth in Section 4.02. The Swing Line Lender shall furnish the Lead Borrower with
a copy of the applicable Committed Loan Notice promptly after delivering such notice to the Administrative Agent. Each Revolving Lender shall make an amount equal to its Applicable Percentage of the amount specified in such Committed Loan Notice
available to the Administrative Agent in immediately available funds for the account of the Swing Line Lender at the Administrative Agent’s Office not later than 1:00 p.m. on the day specified in such Committed Loan Notice, whereupon, subject
to Section 2.04(c)(ii), each Lender that so makes funds available shall be deemed to have made a Revolving Loan that is a Base Rate Loan to the Borrowers in such amount. The Administrative Agent shall remit the funds so received to the Swing
Line Lender. 
 (ii) If for any reason any Swing Line Loan cannot be refinanced by such a Revolving Borrowing in accordance with
Section 2.04(c)(i), the request for Revolving Loans that are Base Rate Loans submitted by the Swing Line Lender as set forth herein shall be deemed to be a request by the Swing Line Lender that each of the Revolving Lenders fund its risk
participation in the relevant Swing Line Loan and each Revolving Lender’s payment to the Administrative Agent for the account of the Swing Line Lender pursuant to Section 2.04(c)(i) shall be deemed payment in respect of such participation.

 (iii) If any Revolving Lender fails to make available to the Administrative Agent for the account of the Swing Line Lender any amount
required to be paid by such Lender pursuant to the foregoing provisions of this Section 2.04(c) by the time specified in Section 2.04(c)(i), the Swing Line Lender shall be entitled to recover from such Revolving Lender (acting through the
Administrative Agent), on demand, such amount with interest thereon for the period from the date such payment is required to the date on which such payment is immediately available to the Swing Line Lender at a rate per annum equal to the greater of
the Federal Funds Rate and a rate determined by the Swing Line Lender in accordance with banking industry rules on interbank compensation plus any administrative, processing or similar fees customarily charged by the Swing Line Lender in
connection with the foregoing. If such Revolving Lender pays such amount (with interest and fees as aforesaid), the amount so paid shall constitute such Revolving Lender’s Revolving Loan included in the relevant Revolving Borrowing or funded
participation in the relevant Swing Line Loan, as the case may be. A certificate of the Swing Line Lender submitted to any Lender (through the Administrative Agent) with respect to any amounts owing under this clause (iii) shall be conclusive
absent manifest error. 
 (iv) Each Revolving Lender’s obligation to make Revolving Loans or to purchase and fund risk participations
in Swing Line Loans pursuant to this Section 2.04(c) shall be absolute and unconditional and shall not be affected by any circumstance, including (A) any setoff, counterclaim, recoupment, defense or other right which such Lender may have
against the Swing Line Lender, the Borrowers or any other Person for any reason whatsoever, (B) the occurrence or continuance of a Default, or (C) any other occurrence, event or condition, whether or not similar to any of the foregoing;
provided, however, that each Revolving Lender’s obligation to make Revolving Loans pursuant to this Section 2.04(c) is subject to the conditions set forth in Section 4.02. No such funding of risk participations shall relieve
or otherwise impair the obligation of the Borrowers to repay Swing Line Loans, together with interest as provided herein. 

  
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 (d) Repayment of Participations. 

(i) At any time after any Revolving Lender has purchased and funded a risk participation in a Swing Line Loan, if the Swing Line Lender
receives any payment on account of such Swing Line Loan, the Swing Line Lender will distribute to such Lender its Applicable Percentage of such payment (appropriately adjusted, in the case of interest payments, to reflect the period of time during
which such Lender’s risk participation was funded) in the same funds as those received by the Swing Line Lender. 
 (ii) If any payment
received by the Swing Line Lender in respect of principal or interest on any Swing Line Loan is required to be returned by the Swing Line Lender under any of the circumstances described in Section 10.05 (including pursuant to any settlement
entered into by the Swing Line Lender in its discretion), each Revolving Lender shall pay to the Swing Line Lender its Applicable Percentage thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to
the date such amount is returned, at a rate per annum equal to the Federal Funds Rate. The Administrative Agent will make such demand upon the request of the Swing Line Lender. The obligations of the Revolving Lenders under this clause shall survive
the payment in full of the Obligations and the termination of this Agreement. 
 (e) Interest for Account of Swing Line Lender. The
Swing Line Lender shall be responsible for invoicing the Borrowers for interest on the Swing Line Loans on the first Business Day of each month and the Maturity Date. Until each Revolving Lender funds its Base Rate Loan or risk participation
pursuant to this Section 2.04 to refinance such Lender’s Applicable Percentage of any Swing Line Loan, interest in respect of such Applicable Percentage shall be solely for the account of the Swing Line Lender. 

(f) Payments Directly to Swing Line Lender. The Borrowers shall make all payments of principal and interest in respect of the Swing
Line Loans directly to the Swing Line Lender. 
 2.05 Prepayments. 

(a) The Borrowers may, upon notice from the Lead Borrower to the Administrative Agent (which such notice of prepayment may be conditioned as
set forth in Section 2.05(h)), at any time or from time to time voluntarily (x) prepay Revolving Loans in whole or in part without premium or penalty or (y) (A) in connection with a Permitted Refinancing, (B) in connection with
replacement FILO Loans, (C) where the repayment is made with the cash proceeds contributed to the capital of the Lead Borrower or with the net cash proceeds of an issuance of Equity Interest of the Lead Borrower (other than Disqualified Stock),
or (D) as long as the Payment Conditions are satisfied, in each case, prepay in whole or in part FILO Loans of any Class without premium or penalty; provided that (i) such notice must be received by the Administrative Agent not
later than 12:00 p.m. (A) three Business Days prior to any date of prepayment of LIBO Rate Loans and (B) on the date of prepayment of Base Rate Loans; (ii) any prepayment of 

  
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LIBO Rate Loans of any Class shall be in a principal amount of $5,000,000 or a whole multiple of $1,000,000 in excess thereof or, in each case, if less, the entire principal amount thereof
then outstanding. Each such notice shall specify the date and amount of such prepayment and the Class(es) and Type(s) of Loans to be prepaid and, if LIBO Rate Loans, the Interest Period(s) of such Loans. The Administrative Agent will promptly notify
each applicable Lender of its receipt of each such notice, and of the amount of such Lender’s Applicable Percentage of such prepayment. Subject to Section 2.05(h), if such notice is given by the Lead Borrower, the Borrowers 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 LIBO Rate Loan shall be accompanied by all accrued interest on the amount prepaid, together with any additional
amounts required pursuant to Section 3.05. Each such prepayment shall be applied to the applicable Class of Loans of the Lenders in accordance with their respective Applicable Percentages (except that, so long as after giving effect
thereto (and the termination of any Revolving Commitments to terminate on such date) the Total Revolving Exposure would not exceed the Loan Cap, any prepayment of Revolving Loans on the Maturity Date for any Revolving Commitments may be applied
solely to prepay Revolving Loans made pursuant to the Revolving Commitments terminating on such date) and, in the case of FILO Loans, shall be applied to scheduled amortization payments thereof (including at final maturity) as directed by the Lead
Borrower. 
 (b) The Borrowers may, upon notice from the Lead Borrower to the Swing Line Lender (with a copy to the Administrative Agent)
(which such notice of prepayment may be conditioned as set forth in Section 2.05(h)) at any time or from time to time, voluntarily prepay Swing Line Loans in whole or in part without premium or penalty; provided that such notice must be
received by the Swing Line Lender and the Administrative Agent not later than 1:00 p.m. on the date of the prepayment. Each such notice shall specify the date and amount of such prepayment. Subject to Section 2.05(h), if such notice is given by
the Lead Borrower, the Borrowers shall make such prepayment and the payment amount specified in such notice shall be due and payable on the date specified therein. 

(c) If for any reason the Total Revolving Exposure at any time exceed the Loan Cap as then in effect, the Borrowers shall immediately prepay
the Revolving Loans, Swing Line Loans and L/C Borrowings and/or Cash Collateralize the L/C Obligations (other than L/C Borrowings) in an aggregate amount equal to such excess; provided, however, that the Borrowers shall not be required
to Cash Collateralize the L/C Obligations pursuant to this Section 2.05(c) unless after the prepayment in full of the Revolving Loans and Swing Line Loans the Total Revolving Exposure exceeds the Loan Cap as then in effect. 

(d) The Borrowers shall prepay the Loans and Cash Collateralize the L/C Obligations in accordance with the provisions of Section 6.12
hereof. 
 (e) [Reserved]. 

  
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 (f) Prepayments made pursuant to Section 2.05(c) and (d) above, first,
shall be applied ratably to the L/C Borrowings and the Swing Line Loans, second, shall be applied ratably to the outstanding Revolving Loans, third, shall be used to Cash Collateralize the remaining L/C Obligations, fourth,
shall be applied ratably to any outstanding FILO Loans (in the case of a prepayment pursuant to Section 2.05(e), solely in the event a Dominion Trigger Event has occurred) and, fifth, the amount remaining, if any, after the prepayment in
full of all L/C Borrowings, Swing Line Loans, Revolving Loans and FILO Loans outstanding at such time and the Cash Collateralization of the remaining L/C Obligations in full may be retained by the Borrowers for use in the ordinary course of its
business. Upon the drawing of any Letter of Credit that has been Cash Collateralized, the funds held as Cash Collateral shall be applied (without any further action by or notice to or from the Borrowers or any other Loan Party) to reimburse the
applicable L/C Issuer or the Lenders, as applicable. Subject to the foregoing, outstanding Base Rate Loans of any Class shall be prepaid before outstanding LIBO Rate Loans are prepaid. Any prepayment of FILO Loans pursuant to this
Section 2.05(c) or (d) above shall be applied pro rata to each Class of FILO Loans and to scheduled amortization of such FILO Loans as directed by the Lead Borrower. Any prepayment of LIBO Rate Loans pursuant to this Section 2.05
made other than on the last day of an Interest Period applicable thereto, shall be accompanied by payment of all breakage costs payable under Section 3.05 associated therewith. In order to avoid such breakage costs, as long as no Event of
Default has occurred and is continuing, at the request of the Lead Borrower, the Administrative Agent shall hold all amounts required to be applied to LIBO Rate Loans in the Cash Collateral Account and will apply such funds to the applicable LIBO
Rate Loans at the end of the then pending Interest Period therefor (provided that the foregoing shall in no way limit or restrict the Administrative Agent’s rights upon the subsequent occurrence of an Event of Default). For the avoidance
of doubt, all prepayments pursuant to this Section 2.05 shall be applied in the order of priorities set forth in the Section 8.03 whenever Section 8.03 is in effect. 

(g) Prepayments made pursuant to this Section 2.05 shall not reduce the Aggregate Revolving Commitments hereunder. 

(h) Any notice of a prepayment to be made with the proceeds from the incurrence of Indebtedness or in connection with the closing of another
transaction (including any notice of termination or reduction of Commitments made pursuant to Section 2.06 below) may state that such prepayment, termination or reduction is conditioned on the consummation of such incurrence or other
transaction, and no Default or Event of Default shall occur if such prepayment, termination or reduction is not made because such condition is not satisfied. 

2.06 Termination or Reduction of Commitments. 

(a) The Borrowers may, upon notice (which notice may be conditioned as set forth in Section 2.05(h)) from the Lead Borrower to the
Administrative Agent, terminate the Commitments of any Class, the Letter of Credit Sublimit or the Swing Line Sublimit or from time to time permanently reduce the Commitments of any Class, the Letter of Credit Sublimit or the Swing Line Sublimit;
provided that (i) any such notice shall be received by the Administrative Agent not later than 12:00 p.m. three Business Days prior to the date of termination or reduction, (ii) any such partial reduction shall be in an aggregate
amount of $5,000,000 or any whole multiple of $1,000,000 in excess thereof, (iii) the Borrowers shall not terminate or reduce (A) the Aggregate Revolving Commitments if, after giving effect thereto and to any concurrent prepayments
hereunder, the Total Revolving Exposure would exceed the Aggregate Revolving Commitments, 

  
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(B) the Letter of Credit Sublimit if, after giving effect thereto, the Outstanding Amount of L/C Obligations not fully Cash Collateralized hereunder would exceed the Letter of Credit Sublimit,
and (C) the Swing Line Sublimit if, after giving effect thereto, and to any concurrent payments hereunder, the Outstanding Amount of Swing Line Loans hereunder would exceed the Swing Line Sublimit. 

(b) If, after giving effect to any reduction of the Aggregate Revolving Commitments, the Letter of Credit Sublimit or the Swing Line Sublimit
exceeds the amount of the Aggregate Revolving Commitments, such Letter of Credit Sublimit or Swing Line Sublimit shall be automatically reduced by the amount of such excess. 

(c) The Administrative Agent will promptly notify the Lenders of any proposed termination or reduction of the Letter of Credit Sublimit, Swing
Line Sublimit or the Aggregate Revolving Commitments under this Section 2.06. Upon any reduction of the Aggregate Revolving Commitments, the Revolving Commitment of each Lender shall be reduced by such Lender’s Applicable Percentage of
such reduction amount. All fees (including, without limitation, commitment fees and Letter of Credit Fees) and interest in respect of the Aggregate Revolving Commitments accrued until the effective date of any termination of the Aggregate Revolving
Commitments shall be paid on the effective date of such termination. 
 2.07 Repayment of Loans. 

(a) The Borrowers shall repay to the Lenders on each Maturity Date of any Revolving Commitments the aggregate principal amount of Revolving
Loans made pursuant to such Revolving Commitments that remain outstanding on such date. 
 (b) To the extent not previously paid, the
Borrowers shall repay the outstanding balance of the Swing Line Loans on the date of termination in full of the Revolving Commitments. 

2.08 Interest. 

(a) Subject to the provisions of Section 2.08(b) below, (i) each LIBO Rate Loan shall bear interest, on the outstanding principal
amount thereof for each Interest Period at a rate per annum equal to the Adjusted LIBO Rate for such Interest Period plus the Applicable Margin for such Class of Loans; (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 Margin; and (iii) each Swing Line 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 Margin. 
 (b) (i) if any amount payable
under any Loan Document is not paid when due (after the expiration of any applicable grace periods), whether at stated maturity, by acceleration or otherwise, such amount shall thereafter bear interest at a fluctuating interest rate per annum at all
times equal to the Default Rate to the fullest extent permitted by Law while such Event of Default is continuing. 

  
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 (ii) Accrued and unpaid interest on past due amounts (including interest on past due
interest) shall be due and payable upon demand. 
 (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. 
 2.09 Fees. 

(a) The Commitment Fee. In addition to certain fees described in subsections (i) and (j) of Section 2.03, the Borrowers shall
pay to the Administrative Agent for the account of each Revolving Lender in accordance with its average daily Applicable Percentage during the relevant period, a commitment fee equal to 0.25% multiplied by the average daily amount by which the
Aggregate Revolving Commitments exceed the Total Revolving Exposure. The commitment fee shall accrue at all times during the Availability Period, including at any time during which one or more of the conditions in Article IV is not met, and shall be
due and payable quarterly in arrears on the tenth Business Day after the end of each March, June, September and December, commencing with the first such date to occur after the Fourth Restatement Effective Date, on each Maturity Date of any
Revolving Commitments and on the last day of the Availability Period. 
 (b) Other Fees. The Borrowers shall pay to the
(i) Administrative Agent for their own respective accounts fees in the amounts and at the times specified in the Fee Letter and (ii) Arrangers the fees separately agreed to by such Arrangers and the Lead Borrower in writing. Such fees
shall be fully earned when paid and shall not be refundable for any reason whatsoever. 
 2.10 Computation of Interest and
Fees. All computations of interest for Base Rate Loans shall be made on the basis of a year of 365 or 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 360-day year and actual days elapsed. Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion
is paid, provided that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.12(a), bear interest for one 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. 
 2.11 Evidence of Debt. 

(a) The Credit Extensions made by each Lender shall be evidenced by one or more accounts or records maintained by the Administrative Agent
(the “Loan Account”) in the ordinary course of business. In addition, each Lender may record in such Lender’s internal records, an appropriate notation evidencing the date and amount of each Loan from such Lender, the
Class thereof, each payment and prepayment of principal of any such Loan, and each payment of interest, fees and other amounts due in connection with the Obligations due to such Lender. The accounts or records maintained by the Administrative
Agent and each Lender shall be conclusive 

  
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absent manifest error of the amount of the Credit Extensions made by the Lenders to the Borrowers and the interest and payments thereon. Any failure to so record or any error in doing so shall
not, however, limit or otherwise affect the obligation of the Borrowers 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 accounts and
records of the Administrative Agent in respect of such matters, the accounts and records of the Administrative Agent shall control in the absence of manifest error. Upon the request of any Lender made through the Administrative Agent, the Borrowers
shall execute and deliver to such Lender (through the Administrative Agent) a Note, 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,
Class, Type (if applicable), amount and maturity of its Loans and payments with respect thereto. Upon receipt of an affidavit of a Lender as to the loss, theft, destruction or mutilation of such Lender’s Note and upon cancellation of such Note,
the Borrowers will issue, in lieu thereof, a replacement Note in favor of such Lender, in the same principal amount thereof and otherwise of like tenor. 

(b) In addition to the accounts and records referred to in Section 2.11(a), each Lender and the Administrative Agent shall maintain in
accordance with its usual practice accounts or records evidencing the purchases and sales by such Lender of participations in Letters of Credit and Swing Line Loans. In the event of any conflict between the accounts and records maintained by the
Administrative Agent and the accounts and records of any Lender in respect of such matters, the accounts and records of the Administrative Agent shall control in the absence of manifest error. 

2.12 Payments Generally; Administrative Agent’s Clawback. 

(a) General. All payments to be made by the Borrowers shall be made without condition or deduction for any counterclaim, defense,
recoupment or setoff; provided, however, that any such payments by the Borrowers shall be without prejudice and shall not constitute a waiver of any claim that the Borrowers may have against the Administrative Agent or any Lender
hereunder. Except as otherwise expressly provided herein, all payments by the Borrowers hereunder shall be made to the Administrative Agent, for the account of the respective Lenders to which such payment is owed, at the Administrative Agent’s
Office in Dollars and in immediately available funds not later than 2:00 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 Lending Office. All payments received by the Administrative Agent after 2:00 p.m. shall, at the option of the Administrative Agent, be deemed received on the next
succeeding Business Day and any applicable interest or fee shall continue to accrue until such next succeeding Business Day. If any payment (other than with respect to payment of a LIBOR Loan) to be made by the Borrowers 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. If at any time insufficient funds are received by and available to
the Administrative Agent to pay fully all amounts of principal, Unreimbursed Amounts, interest and fees then due hereunder, such funds shall be applied pursuant to the order specified in Section 8.03. 

  
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 (b) (i) Funding by Lenders; Presumption by Administrative Agent. Unless the
Administrative Agent shall have received notice from a Lender prior to the proposed date of any Borrowing of LIBO Rate Loans (or in the case of any Borrowing of Base Rate Loans, prior to 12:00 noon on the date of such Borrowing) that such Lender
will not make available to the Administrative Agent such Lender’s share of such Borrowing, the Administrative Agent may assume that such Lender has made such share available on such date in accordance with Section 2.02 (or in the case of a
Borrowing of Base Rate Loans, that such Lender has made such share available in accordance with and at the time required by Section 2.02) and may, in reliance upon such assumption, make available to the Borrowers a corresponding amount. In such
event, if a Lender has not in fact made its share of the applicable Borrowing available to the Administrative Agent, then the applicable Lender and the Borrowers severally agree to pay to the Administrative Agent forthwith on demand such
corresponding amount in immediately available funds with interest thereon, for each day from and including the date such amount is made available to the Borrowers to but excluding the date of payment to the Administrative Agent, at (A) in the
case of a payment to be made by such Lender, the greater of the Federal Funds Rate and 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 connection with the foregoing, and (B) in the case of a payment to be made by the Borrowers, the interest rate applicable to Base Rate Loans of the applicable Class. if the
Borrowers and such Lender shall pay such interest to the Administrative Agent for the same or an overlapping period, the Administrative Agent shall promptly remit to the Borrowers the amount of such interest paid by the Borrowers for such period, if
such Lender pays its share of the applicable Borrowing to the Administrative Agent, then the amount so paid shall constitute such Lender’s Loan included in such Borrowing. Any payment by the Borrowers shall be without prejudice to any claim the
Borrowers may have against a Lender that shall have failed to make such payment to the Administrative Agent. 
 (ii) Payments by
Borrowers; Presumptions by Administrative Agent; Rescindable Amounts. Unless the Administrative Agent shall have received notice from the Lead Borrower prior to the time at which any payment is due to the Administrative Agent for the account of
the Lenders or an L/C Issuer hereunder that the Borrowers will not make such payment, the Administrative Agent may assume that the Borrowers have made such payment on such date in accordance herewith and may, in reliance upon such assumption,
distribute to the Lenders or such L/C Issuer, as the case may be, the amount due. With respect to any payment that the Administrative Agent makes for the account of Lenders or L/C Issuers hereunder as to which the Administrative Agent
determines (which determination shall be conclusive absent manifest error) that any of the following applies (such payment, a “Rescindable Amount”): (1) Borrowers have not in fact made such payment, (2) the Administrative Agent
has made a payment in excess of the amount so paid by Borrowers (whether or not then owed), or (3) Agent has for any reason otherwise erroneously made such payment, then each Lender or L/C Issuer, as applicable, severally agrees to repay to the
Administrative Agent forthwith on demand the Rescindable Amount so distributed to or otherwise made for the account of such Lender or L/C Issuer, in immediately available funds with interest thereon for each day from and including the date such
amount is distributed to it to but excluding the date of payment to the Administrative Agent, at the greater of the Federal Funds Rate and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank
compensation. 

  
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 A notice of the Administrative Agent to any Lender or the Lead Borrower with respect to any
amount owing under this subsection (b) shall be conclusive, absent manifest error. 
 (c) Failure to Satisfy Conditions
Precedent. If any Lender makes available to the Administrative Agent funds for any 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 Borrowers by the
Administrative Agent because the conditions to the applicable Credit Extension set forth in Article IV are not satisfied or waived in accordance with the terms hereof (subject to the provisions of the last paragraph of Section 4.02 hereof), the
Administrative Agent shall return such funds (in like funds as received from such Lender) to such Lender, without interest. 
 (d)
Obligations of Lenders Several. The obligations of the Lenders hereunder to make Loans, to fund participations in Letters of Credit and Swing Line Loans and to make payments hereunder are several and not joint. The failure of any Lender to
make any Loan, to fund any such participation or to make any payment hereunder 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 Loan, to purchase its participation or to make its payment hereunder. 
 (e) Funding
Source. 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. 
 2.13 Sharing of Payments by Lenders. If any Credit Party shall, by exercising any right of
setoff or counterclaim or otherwise, obtain payment in respect of any principal of, interest on, or other amounts with respect to, any of the Obligations resulting in such Lender’s receiving payment of a proportion of the aggregate amount of
such Obligations greater than its pro rata share thereof as provided herein (including as in contravention of the priorities of payment set forth in Section 8.03), then the Credit Party receiving such greater proportion shall (a) notify
the Administrative Agent of such fact, and (b) purchase (for cash at face value) participations in the Obligations owing to the other Credit Parties, or make such other adjustments as shall be equitable, so that the benefit of all such payments
shall be shared by the Credit Parties ratably and in the priorities set forth in Section 8.03, provided that: 

(i) if any such participations or subparticipations are purchased and all or any portion of the payment giving rise thereto is
recovered, such participations or subparticipations shall be rescinded and the purchase price restored to the extent of such recovery, without interest; and 

(ii) the provisions of this Section shall not be construed to apply to (x) any payment made by the Loan Parties pursuant
to and in accordance with the express terms of this Agreement or (y) any payment obtained by a Lender as consideration for the assignment of or sale of a participation in any of its Loans or Commitments to any assignee or participant, other
than to the Borrowers or any Subsidiary thereof (as to which the provisions of this Section shall apply). 

  
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 Each Loan Party consents to the foregoing and agrees, to the extent it may effectively do so
under Law, that any Lender acquiring a participation pursuant to the foregoing arrangements may exercise against such Loan Party rights of setoff and counterclaim with respect to such participation as fully as if such Lender were a direct creditor
of such Loan Party in the amount of such participation. 
 2.14 Settlement Amongst Revolving Lenders. 

(a) The amount of each Revolving Lender’s Applicable Percentage of outstanding Revolving Loans (including outstanding Swing Line Loans)
shall be computed weekly (or more frequently in the Administrative Agent’s discretion) and shall be adjusted upward or downward based on all Revolving Loans (including Swing Line Loans) and repayments of Revolving Loans (including Swing Line
Loans) received by the Administrative Agent as of 3:00 p.m. on the first Business Day (such date, the “Settlement Date”) following the end of the period specified by the Administrative Agent. 

(b) The Administrative Agent shall deliver to each of the Lenders with Revolving Commitments promptly after a Settlement Date a summary
statement of the amount of outstanding Revolving Loans and Swing Line Loans for the period and the amount of repayments received for the period. As reflected on the summary statement, (i) the Administrative Agent shall transfer to each
Revolving Lender its Applicable Percentage of repayments, and (ii) each Revolving Lender shall transfer to the Administrative Agent (as provided below) or the Administrative Agent shall transfer to each Revolving Lender, such amounts as are
necessary to insure that, after giving effect to all such transfers, the amount of Revolving Loans made by each Lender shall be equal to such Lender’s Applicable Percentage of all Revolving Loans outstanding as of such Settlement Date. If the
summary statement requires transfers to be made to the Administrative Agent by the Lenders and is received prior to 1:00 p.m. on a Business Day, such transfers shall be made in immediately available funds no later than 3:00 p.m. that day; and, if
received after 1:00 p.m., then no later than 3:00 p.m. on the next Business Day. The obligation of each Lender to transfer such funds is irrevocable, unconditional and without recourse to or warranty by the Administrative Agent. If and to the extent
any Revolving Lender shall not have so made its transfer to the Administrative Agent, such Revolving Lender agrees to pay to the Administrative Agent, forthwith on demand such amount, together with interest thereon, for each day from such date until
the date such amount is paid to the Administrative Agent, equal to the greater of the Federal Funds Rate and 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 connection with the foregoing. 

  
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 2.15 Increase in Revolving Commitments and Additional FILO Loans. 

(I) Increase in Revolving Commitments 

(a) Request for Increase. Provided no Default or Event of Default then exists or would arise therefrom, upon notice to the
Administrative Agent (which shall promptly notify the Lenders), the Lead Borrower may from time to time after the Fourth Restatement Effective Date, request an increase in the Aggregate Revolving Commitments (any Revolving Commitment established
pursuant to such an increase, an “Additional Revolving Commitment”), by an amount not exceeding the then remaining Incremental Cap; provided that (i) any such request shall be in a minimum amount of $35,000,000, and
(ii) the Lead Borrower may make a maximum of five (5) such requests. At the time of sending such notice, the Lead Borrower (in consultation with the Administrative Agent) shall specify the time period within which each Lender is requested
to respond (which shall in no event be less than ten Business Days from the date of delivery of such notice to the Lenders). No Lender shall have any obligation to provide any Additional Revolving Commitment unless otherwise agreed in writing by
such Lender. 
 (b) Lender Elections to Increase. Each Lender shall notify the Administrative Agent within such time period whether
or not it agrees to increase its Revolving Commitment and, if so, whether by an amount equal to, greater than, or less than its Applicable Percentage of such requested increase. Any Lender not responding within such time period shall be deemed to
have declined to increase its Revolving Commitment. 
 (c) Notification by Administrative Agent; Additional Lenders. The
Administrative Agent shall promptly notify the Lead Borrower and each Lender of the Lenders’ responses to each request made hereunder. To achieve the full amount of a requested Additional Revolving Commitment, to the extent that the existing
Lenders decline to increase their Revolving Commitments, or decline to increase their Revolving Commitments to the amount requested by the Lead Borrower, the Administrative Agent, in consultation with the Lead Borrower, may approach other Eligible
Assignees to become Lenders hereunder and to provide Commitments in an amount equal to the amount of the Additional Revolving Commitments, requested by the Lead Borrower and not accepted by the existing Lenders (and the Lead Borrower may also invite
additional Eligible Assignees to become Lenders); provided, however, that without the consent of the Administrative Agent and the Lead Borrower, at no time shall the Revolving Commitment of any Additional Revolving Lender be less than
$5,000,000; provided, further, that the Lead Borrower may elect to implement Additional Revolving Commitments for which Lenders and other Eligible Assignees have agreed to increase or issue Commitments notwithstanding that the
aggregate amount thereof is less than the amount originally requested. 
 (d) Effective Date and Allocations. If the Aggregate
Revolving Commitments are increased in accordance with this Section, the Administrative Agent, in consultation with the Lead Borrower, shall determine the effective date (the “Revolving Increase Effective Date”) and the final
allocation of such Additional Revolving Commitments. The Administrative Agent shall promptly notify the Lead Borrower and each Lender and other Eligible Assignees (each, an “Additional Revolving Lender”) being allocated an
Additional Revolving Commitment of the final allocation thereof (in the case of a Lender or Eligible Assignee, with respect to its own allocation only) and the Revolving Increase Effective Date and on the Revolving Increase Effective Date
(i) the Aggregate Revolving Commitments under, and for all purposes of, this Agreement shall be increased by the aggregate amount of such Additional Revolving Commitments, and (ii) Schedule 2.01 shall be deemed modified, without
further action, to reflect the revised Commitments and Applicable Percentages of the Lenders. 

  
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 (e) Required Terms. The terms and provisions of the Additional Revolving Commitments
shall be, as set forth in the applicable Increase Joinder, provided, however, that: 
 (i) the Maturity Date
with respect to any Additional Revolving Commitments shall not be earlier than the latest Maturity Date of any Revolving Commitments then in effect; and; and 

(ii) except as set forth in clause (i), the Additional Revolving Commitments (and Revolving Loans thereunder) shall have the
same terms (including, for the avoidance of doubt, the guarantees, security and priority of payment, but excluding arranging, upfront or similar fees) as the existing Revolving Commitments (and Revolving Loans thereunder); provided that the
Applicable Margin and commitment fee applicable to the existing Revolving Commitments (and Revolving Loans thereunder) may be increased if necessary to be identical to that for the Additional Revolving Commitments. 

(f) Conditions to Effectiveness of Increase. As a condition precedent to the effectiveness of any Additional Revolving Commitments,
(i) the Lead Borrower shall deliver to the Administrative Agent a certificate of each Loan Party dated as of the Revolving Increase Effective Date signed by a Responsible Officer of such Loan Party (A) certifying and attaching the
resolutions adopted by such Loan Party approving or consenting to such increase, and (B) in the case of the Borrowers, certifying that, before and after giving effect to such increase, (1) the representations and warranties contained in
Article V and the other Loan Documents are true and correct in all material respects on and as of the Revolving Increase Effective Date, except (A) to the extent that such representations and warranties are qualified by materiality, in which
case such representations and warranties shall be true and correct in all respects, (B) specifically refer to an earlier date, in which case they are true and correct in all material respects as of such earlier date, and (C) except that
for purposes of this Section 2.15(I), the representations and warranties contained in subsections (a) and (b) of Section 5.05 shall be deemed to refer to the most recent statements furnished pursuant to clauses (a) and (b),
respectively, of Section 6.01 and (2) no Default or Event of Default then exists or would result therefrom, (ii) the Borrowers, the Administrative Agent, and any Additional Revolving Lender shall have executed and delivered a joinder
to the Loan Documents (the “Revolving Increase Joinder”) in such form as the Administrative Agent shall reasonably require; (iii) the Borrowers shall have paid such fees and other compensation to the Additional Revolving
Lenders as the Lead Borrower and such Additional Revolving Lenders shall agree; (iv) the Borrowers shall have paid such arrangement fees to the Administrative Agent as the Lead Borrower and the Administrative Agent may agree; (v) if
reasonably requested by the Administrative Agent, the Borrowers shall deliver to the Administrative Agent and the Lenders an opinion or opinions, in form and substance reasonably satisfactory to the Administrative Agent, from counsel to the
Borrowers reasonably satisfactory to the Administrative Agent and dated such date; (vi) the Borrowers and the Additional Revolving Lenders shall have delivered such other instruments, documents and agreements as the Administrative Agent may
reasonably have requested; (vii) no Default or Event of Default exists; and (viii) such increase shall comply with the terms and limitations of documentation governing Indebtedness of the Borrowers and their respective Restricted
Subsidiaries at such time. The Borrowers shall prepay any Revolving Loans outstanding on the Revolving Increase Effective Date (and pay any additional amounts required pursuant to Section 3.05) to the extent necessary to keep the outstanding
Revolving Loans ratable with any revised Applicable Percentages arising from any nonratable increase in the Revolving Commitments under this Section. 

  
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 (g) Conflicting Provisions. This Section shall supersede any provisions in Sections
2.13 or 10.01 to the contrary. 
 (II) Additional FILO Loans 

(a) Request for Increase. Provided no Default or Event of Default then exists or would arise therefrom (subject to the Certain Funds
Provision), upon notice to the Administrative Agent (which shall promptly notify the Lenders), the Lead Borrower may from time to time after the Fourth Restatement Effective Date, request the establishment of one or more Classes of term loans having
the payment priority assigned to FILO Loans in Section 8.03 (any such term loan, an “Additional FILO Loan”) by an amount not exceeding the then remaining Incremental Cap. 

(b) Additional Lenders. To achieve the full amount of a requested Additional FILO Loan, the Administrative Agent, with the consent of
the Lead Borrower, may approach the existing Lenders and other Eligible Assignees to become Lenders hereunder and to provide Commitments in an amount equal to the amount of the Additional FILO Loans, as applicable, requested by the Lead Borrower;
provided that no Lender shall be required to participate in any Additional FILO Loans without its consent. 
 (c) Effective Date
and Allocations. If the Additional FILO Loans are to be provided in accordance with this Section, the Administrative Agent, with the consent of the Lead Borrower, shall determine the effective date (the “FILO Increase Effective
Date”) and the final allocation of such Additional FILO Loans. The Administrative Agent shall promptly notify the Lead Borrower and each Lender and other Eligible Assignees being allocated an Additional FILO Loan (each, an
“Additional FILO Lender”) of the final allocation thereof (in the case of a Lender or Eligible Assignee, with respect to its own allocation only) and the FILO Increase Effective Date and on the FILO Increase Effective Date
Schedule 2.01 shall be deemed modified, without further action, to reflect the revised Commitments and Applicable Percentages of the Lenders. 

(d) Required Terms. The terms and provisions (including interest rates and call protection) of any Additional FILO Loans shall be as
agreed between the Lead Borrower and the Lenders or Eligible Assignees providing such Additional FILO Loans; provided that: 
  

	 	(i)	 such Additional FILO Loans shall not have any obligors other than the Loan Parties; 

 

	 	(ii)	 such Additional FILO Loans shall not have a maturity date earlier than the latest Maturity Date for any
Revolving Commitments and shall not have scheduled amortization in excess of 5% per annum of the original principal amount thereof; 

  

	 	(iii)	 no Borrower may prepay Additional FILO Loans except as permitted by Section 2.05(a);

  
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	 	(iv)	 Additional FILO Loans may provide for incremental advance rates different from those applicable to the
Revolving Commitments so long as such advance rates do not permit the Total Revolving Exposure plus the aggregate principal amount of FILO Loans to exceed the Borrowing Base that would result if the advance rates set forth in clauses
(a) through (f) of the definition of “Borrowing Base” were each 100%; and 

  

	 	(v)	 except as otherwise set forth in this clause (d), the terms of any such Additional FILO Loans shall be
reasonably acceptable to the Administrative Agent (it being understood that, with the consent of the Administrative Agent and the Borrower, class voting provisions requiring the consent of the Required FILO Lenders may be added for the benefit of
Lenders with FILO Loans with respect to amendments that would result in an increase in the Borrowing Base). 

 (e)
Conditions to Effectiveness of Increase. As a condition precedent to the effectiveness of any Additional FILO Loans, (i) the Lead Borrower shall deliver to the Administrative Agent a certificate of each Loan Party dated as of the FILO
Increase Effective Date signed by a Responsible Officer of such Loan Party (A) certifying and attaching the resolutions adopted by such Loan Party approving or consenting to such increase, and (B) in the case of the Borrowers, certifying
that, before and after giving effect to such increase, (1) subject to the Certain Funds Provision, the representations and warranties contained in Article V and the other Loan Documents are true and correct in all material respects on and as of
the FILO Increase Effective Date, except (A) to the extent that such representations and warranties are qualified by materiality, in which case such representations and warranties shall be true and correct in all respects, (B) specifically
refer to an earlier date, in which case they are true and correct in all material respects as of such earlier date, and (C) except that for purposes of this Section 2.15, the representations and warranties contained in subsections
(a) and (b) of Section 5.05 shall be deemed to refer to the most recent statements furnished pursuant to clauses (a) and (b), respectively, of Section 6.01 and (2) subject to the Certain Funds Provision, no Default or Event
of Default then exists or would result therefrom, (ii) the Borrowers, the Administrative Agent, and any Additional FILO Lender shall have executed and delivered a joinder to the Loan Documents (the “FILO Increase Joinder”) in
such form as the Administrative Agent shall reasonably require; (iii) the Borrowers shall have paid such fees and other compensation to the Additional FILO Lenders as the Lead Borrower and such Additional FILO Lenders shall agree; (iv) the
Borrowers shall have paid such arrangement fees to the Administrative Agent as the Lead Borrower and the Administrative Agent may agree; (v) if reasonably requested by the Administrative Agent, the Borrowers shall deliver to the Administrative
Agent and the Lenders an opinion or opinions, in form and substance reasonably satisfactory to the Administrative Agent, from counsel to the Borrowers reasonably satisfactory to the Administrative Agent and dated such date; (vi) the Borrowers
and the Additional FILO Lenders shall have delivered such other instruments, documents and agreements as the Administrative Agent may reasonably have requested; (vii) on a pro forma basis, immediately after giving effect to the funding of such
Additional FILO Loans and the substantially concurrent application of the proceeds therefrom, Excess Availability would not be less than $0; and (viii) such increase shall comply with the terms and limitations of documentation governing
Indebtedness of the Borrowers and their respective Restricted Subsidiaries at such time. 

  
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 (f) Conflicting Provisions. This Section shall supersede any provisions in Sections
2.13 or 10.01 to the contrary. 
 2.16 Extensions of Revolving Commitments and FILO Loans. 

(a) The Borrowers may at any time and from time to time request (which such request shall be offered equally to all Lenders with Revolving
Commitments expiring on the same Maturity Date) that all or a portion of the Revolving Commitments, existing at the time of such request (each, an “Existing Revolving Commitment” and any Revolving Loans thereunder, “Existing
Revolving Loans”; each Existing Revolving Commitment and related Existing Revolving Loans together being referred to as an “Existing Revolving Tranche”) be modified to extend the Maturity Date of the Existing Revolving
Commitments and related Existing Revolving Loans thereunder (any such Existing Revolving Commitments which have been so extended, “Extended Revolving Commitments” and any related Existing Revolving Loans, “Extended Revolving
Loans”; each Extended Revolving Commitment and related Extended Revolving Loans together being referred to as an “Extended Revolving Tranche”) and to provide for other terms consistent with this Section 2.16.
Additionally, the Borrowers may at any time and from time to time request (which such request shall be offered equally to all Lenders with FILO Loans of the applicable Class) that all or a portion of the FILO Loans of a Class specified by the
Borrower (each, an “Existing FILO Loan”) be modified to extend any scheduled payment of principal in respect of the Existing FILO Loans (any such Existing FILO Loans which have been so extended, “Extended FILO
Loans” and all Extended FILO Loans designated as part of the same “Extended FILO Class” for purposes of this Agreement in the applicable Extension Amendments, an “Extended FILO Class”) and to provide for other
terms consistent with this Section 2.16. Prior to entering into any Extension Amendment, the Borrowers shall provide a notice to the Administrative Agent (who shall provide a copy of such notice to each of the Lenders with the applicable
Existing Revolving Commitments or Existing FILO Loans) (an “Extension Request”) setting forth (i) in the case of an Extended Revolving Tranche, the proposed terms of the Extended Revolving Tranche to be established thereunder,
which terms shall be identical in all material respects to those applicable to the Existing Revolving Tranche from which they are to be extended (the “Specified Existing Revolving Tranche”) except that (w) the Maturity Date of
such Extended Revolving Tranche may be extended beyond the Maturity Date of the Specified Existing Revolving Tranche, (x)(A) the interest rates, interest margins, rate floors, upfront fees and prepayment premiums with respect to the Extended
Revolving Tranche may be different from those for the Specified Existing Revolving Tranche and/or (B) additional fees and/or premiums may be payable to the Lenders providing such Extended Revolving Commitments in addition to or in lieu of any
of the items contemplated by the preceding clause (A) and (y)(1) the undrawn commitment fee rate with respect to the Extended Revolving Commitments may be different from those for the Specified Existing Revolving Tranche and (2) the
Extension Amendment may provide for other covenants and terms that apply to any period after the Maturity Date of all then outstanding Commitments and Loans and (ii) in the case of Extended FILO Loans, the proposed terms of the Extended FILO
Loans to be established thereunder, which terms shall be identical in 

  
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all material respects to those applicable to the Existing FILO Loans from which they are to be extended (the “Specified Existing FILO Class”) except that (w) any scheduled
payment date of principal in respect of such Extended FILO Class may be extended beyond the corresponding scheduled payment date for such principal in respect of the Specified Existing FILO Class, (x)(A) the interest rates, interest margins,
rate floors, upfront fees and prepayment premiums with respect to the Extended FILO Loans may be different from those for the Specified Existing FILO Class and/or (B) additional fees and/or premiums may be payable to the Lenders providing
such Extended FILO Loans in addition to or in lieu of any of the items contemplated by the preceding clause (A) and (y) the Extension Amendment may provide for other covenants and terms that apply to any period after the Maturity Date of all
then outstanding Commitments and Loans. No Lender shall have any obligation to agree to have any of its Loans or Commitments extended pursuant to any Extension Request. 

(b) The Lead Borrower shall provide the applicable Extension Request to the Administrative Agent at least five (5) Business Days (or such
shorter period as the Administrative Agent may determine in its sole discretion) prior to the date on which the applicable Lenders are requested to respond, and shall agree to such procedures, if any, as may be established by, or acceptable to, the
Administrative Agent, in each case acting reasonably, to accomplish the purpose of this Section 2.16. Any Lender (an “Extending Lender”) wishing to have all or a portion of its Existing Revolving Tranche or Existing FILO Loans,
as applicable, that are subject to such Extension Request converted to the Extended Revolving Tranche or Extended FILO Loans, as applicable, shall notify the Administrative Agent (an “Extension Election”) on or prior to the date
specified in such Extension Request of the amount of its Existing Revolving Tranche or Existing FILO Loans, as applicable, which it has elected to convert into the Extended Revolving Tranche or Extended FILO Loans, as applicable (subject to any
minimum denomination requirements imposed by the Administrative Agent). In the event that the aggregate amount of Existing Revolving Tranche or Existing FILO Loans, as applicable, subject to Extension Elections exceeds the amount requested for the
Extended Revolving Tranche or Extended FILO Loans pursuant to the Extension Request, The portion of the Existing Revolving Tranche or Existing FILO Loan, as applicable, of each Lender subject to such Extension Election shall be converted to or
exchanged to the Extended Revolving Tranche or Extended FILO Loans, as applicable, on a pro rata basis (subject to such rounding requirements as may be established by the Administrative Agent) based on the amount thereof included in each such
Extension Election or as may be otherwise agreed to in the applicable Extension Amendment. 
 (c) Any Extended Revolving Tranche or Extended
FILO Loans shall be established pursuant to an amendment (an “Extension Amendment”) to this Agreement and, as applicable, the other Loan Documents (which shall not require the consent of any Lender other than the Extending Lenders
thereunder) executed by the Loan Parties, the Administrative Agent and the Extending Lenders. No Extension Amendment shall provide for any Extended Revolving Tranche or Extended FILO Loans in an aggregate principal amount that is less than
$5,000,000 (it being understood that the actual principal amount thereof provided by the applicable Lenders may be lower than such minimum amount). In connection with any Extension Amendment, the Lead Borrower shall, if requested by the
Administrative Agent, deliver an opinion of counsel reasonably acceptable to the Administrative Agent as to the enforceability of such Extension Amendment, this Agreement as amended thereby, and such of the other Loan Documents (if any) as may be
amended thereby and covering customary matters. 

  
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 (d) In the event that the Administrative Agent determines in its sole discretion that the
allocation of the Extended Revolving Tranche or Extended FILO Loans pursuant to any Extension Amendment, in each case to a given Lender was incorrectly determined as a result of manifest administrative error in the receipt and processing of an
Extension Election timely submitted by such Lender in accordance with the procedures set forth in the applicable Extension Amendment, then the Administrative Agent, the Borrowers and each affected Lender may (and hereby are authorized to), in their
sole discretion and without the consent of any other Lender, enter into an amendment to this Agreement and the other Loan Documents (each, a “Corrective Extension Amendment”) within 15 days following the effective date of such
Extension Amendment, as the case may be, which Corrective Extension Amendment shall (i) provide for the conversion of the Existing Revolving Tranche, Extended Revolving Tranche, Existing FILO Loans or Extended FILO Loans, as the case may be, in
such amounts as is required to cause each Lender to hold the Existing Revolving Tranche, Extended Revolving Tranche, Existing FILO Loans and Extended FILO Loans, as applicable, in the amount such Lenders would have held had such administrative error
not occurred. 
 (e) No extension pursuant to any Extension Amendment in accordance with this Section 2.16 shall constitute a voluntary
or mandatory payment or prepayment for purposes of this Agreement. 
 (f) Notwithstanding anything to the contrary herein, any payment of
principal, interest or fees in respect of an Existing Revolving Tranche or Existing FILO Loans on the Maturity Date for such Existing Revolving Tranche or Existing FILO Loans, as applicable, may be applied solely to the Loans and Commitments
terminating on such date. 
 (g) This Section 2.16 shall supersede any provisions in Section 2.12, 2.13 or 10.01 to the contrary.
For the avoidance of doubt, any of the provisions of this Section 2.16 may be amended with the consent of the Required Lenders; provided that no such amendment shall require any Lender to provide any Extended Revolving Tranche or
Extended FILO Loans without such Lender’s consent. 
 ARTICLE III 

TAXES, YIELD PROTECTION AND ILLEGALITY; 

APPOINTMENT OF LEAD BORROWER 

3.01 Taxes. 
 (a)
Payments Free of Taxes. Any and all payments by or on account of any Loan Party hereunder or under any other Loan Document shall (except to the extent required by applicable Law) be made free and clear, of and without reduction or withholding
for, any Taxes; provided that if any Loan Party, the Administrative Agent or any other applicable withholding agent shall be required by applicable Law to deduct any Taxes from or in respect of such payments,

  
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then (i) if the Tax in question is an Indemnified Tax or Other Tax the sum payable by the applicable Loan Party 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 Lender (or, in the case of a payment made to an Agent for its own account, such Agent) receives an amount equal to the sum it would have
received had no such deductions been made, (ii) the applicable withholding agent shall make such deductions and (iii) the applicable withholding agent shall timely pay the full amount deducted to the relevant Governmental Authority in
accordance with Law. 
 (b) Payment of Other Taxes by the Borrowers. Without limiting the provisions of subsection (a) above,
the Borrowers shall timely pay any Other Taxes to the relevant Governmental Authority in accordance with applicable Law. 
 (c)
Indemnification by the Loan Parties. The Loan Parties shall, jointly and severally, indemnify the Agents and each Lender, within 10 days after demand therefor, for the full amount of any Indemnified Taxes or Other Taxes (including Indemnified
Taxes or Other Taxes imposed or asserted on or attributable to amounts payable under this Section 3.01) paid by such Agent or such Lender, as the case may be, and any reasonable expenses arising therefrom or with respect thereto, whether or not
such Indemnified Taxes or Other Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of such payment or liability delivered to the Lead Borrower by a Lender (with a copy to the
Administrative Agent), or by an Agent or a Lender, shall be conclusive absent manifest error. 
 (d) Evidence of Payments. As soon as
practicable after any payment of Indemnified Taxes or Other Taxes by any Loan Party to a Governmental Authority, the Lead Borrower shall deliver to the Administrative Agent the original or a certified copy of a receipt issued by such Governmental
Authority evidencing such payment, a copy of the return reporting such payment or other evidence of such payment reasonably satisfactory to the Administrative Agent. 

(e) Status of Lenders. Any Lender that is entitled to an exemption from or reduction of withholding Tax with respect to any payments to
be made to such Lender hereunder or under any other Loan Document shall deliver to the Lead Borrower (with a copy to the Administrative Agent), at the time or times reasonably requested by the Lead Borrower or the Administrative Agent, such properly
completed and executed documentation prescribed by Law or reasonably requested by the Lead Borrower or the Administrative Agent as will permit such payments to be made without withholding or at a reduced rate of withholding. If such documentation
expires or becomes obsolete or inaccurate in any respect, such Lender shall deliver promptly to the Lead Borrower and the Administrative Agent updated or other appropriate documentation or promptly notify the Lead Borrower and the Administrative
Agent in writing of its legal ineligibility to do so. In addition, any Lender, if requested by the Lead Borrower or the Administrative Agent, shall deliver such other documentation prescribed by Law or reasonably requested by the Lead Borrower or
the Administrative Agent as will enable the Lead Borrower or the Administrative Agent to determine whether or not such Lender is subject to backup withholding or information reporting requirements. 

  
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 Without limiting the generality of the foregoing, each Lender shall deliver to the Lead
Borrower and the Administrative Agent on or prior to the date on which such Lender becomes a Lender under this Agreement (and from time to time thereafter upon the request of the Lead Borrower or the Administrative Agent), whichever of the following
is applicable: 
 (1) Each U.S. Lender shall deliver to the Lead Borrower and the Administrative Agent two duly completed
copies of IRS Form W-9 (or any successor form), certifying that such U.S. Lender is exempt from U.S. federal backup withholding, 

(2) Each Foreign Lender shall deliver to the Lead Borrower and the Administrative Agent whichever of the following is
applicable: 
 (i) two duly completed copies of Internal Revenue Service Form W-8BEN
or W-8BEN-E (or any successor form) claiming eligibility for benefits of an income tax treaty to which the United States is a party, and such other related documentation
as required under the Code, 
 (ii) two duly completed copies of Internal Revenue Service Form
W-8ECI (or any successor form), 
 (iii) in the case of a Foreign Lender claiming the
benefits of the exemption for portfolio interest under Section 871(h) or Section 881(c) of the Code, (x) a certificate substantially in the form of Exhibit F (any such certificate, a “United States Tax Compliance
Certificate”) to the effect that such Foreign Lender is not (A) a “bank” within the meaning of section 881(c)(3)(A) of the Code, (B) a “10 percent shareholder” of any 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 certifying that no payments under any Loan Document are effectively connected with such Foreign Lender’s
conduct of a United States trade or business and (y) two duly completed copies of Internal Revenue Service Form W-8BEN or
W-8BEN-E (or any successor form), or 
 (iv)
to the extent a Foreign Lender is not the beneficial owner (for example, where the Foreign Lender is a partnership or a participating Lender), IRS Form W-8IMY (or any successor forms) of the Foreign Lender,
accompanied by a Form W-8ECI, W-8BEN or W-8BEN-E, United States Tax Compliance
Certificate, Form W-9, Form W-8IMY or any other required information (or any successor forms) from each beneficial owner that would be required under this
Section 3.01(e) if such beneficial owner were a Lender, as applicable (provided that if the Foreign Lender is a partnership (and not a participating Lender) 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 Foreign Lender on behalf of such direct or indirect partners), or 

  
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 (v) any other form prescribed Law as a basis for claiming exemption from or
a reduction in United States federal withholding tax duly completed together with such supplementary documentation as may be prescribed by Law to permit the Lead Borrower to determine the withholding or deduction required to be made. 

Notwithstanding any other provision of this Section 3.01(e), a Lender shall not be required to deliver any documentation 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(e). 

(f) Treatment of Certain Refunds. If and to the extent the Administrative Agent or any Lender determines in its sole discretion
exercised in good faith that it has received a refund of any Indemnified Taxes or Other Taxes as to which it has been indemnified by the Loan Parties or with respect to which it has received amounts pursuant to this Section 3.01, it shall pay
to the Lead Borrower an amount equal to such refund (but only to the extent of indemnity payments made, or additional amounts paid, under this Section 3.01 with respect to the Indemnified Taxes or Other Taxes giving rise to such refund), net of
all out-of-pocket expenses (including any Taxes) of the Administrative Agent or Lender, as the case may be, and without interest (other than any interest paid by the
relevant Governmental Authority with respect to such refund), provided that the Loan Parties, upon the request of such Administrative Agent or such Lender, agree to repay the amount paid over to the Lead Borrower (plus any penalties,
interest or other charges imposed by the relevant Governmental Authority) to such Administrative Agent or such Lender in the event that such Administrative Agent or such Lender is required to repay such refund to such Governmental Authority. This
subsection shall not be construed to require the Administrative Agent or any Lender to make available its Tax returns (or any other information relating to its taxes that it deems confidential) to any Loan Party or any other Person. 

(g) FATCA. If a payment made to any Lender under this Agreement or any other 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, such Lender shall deliver to the Administrative Agent and the Lead Borrower at the time or times prescribed by law and at such time or
times reasonably requested by the Lead Borrower or the Administrative Agent such documentation prescribed by applicable law and such additional documentation reasonably requested by the Lead Borrower or the Administrative Agent as may be necessary
for the Lead Borrower and the Administrative Agent to comply with their FATCA obligations and to determine whether such Lender has not complied with such Lender’s FATCA obligations and, if necessary, to determine the amount to deduct and
withhold from such payment. Solely for purposes of this Section 3.01(g), “FATCA” includes any amendments made to FATCA after the date of this Agreement. 

(h) Lenders. For the avoidance of doubt, the term “Lender” shall, for purposes of this Section 3.01, include any L/C
Issuer and any Swing Line Lender. 

  
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 3.02 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 make, maintain or fund LIBO Rate Loans, or to determine or charge interest rates based upon the LIBO 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 Lead Borrower through the Administrative
Agent, any obligation of such Lender to make or continue LIBO Rate Loans or to Convert Base Rate Loans to LIBO Rate Loans shall be suspended until such Lender notifies the Administrative Agent and the Lead Borrower that the circumstances giving rise
to such determination no longer exist. Upon receipt of such notice, the Borrowers shall, upon demand from such Lender (with a copy to the Administrative Agent), prepay or, if applicable, Convert all LIBO Rate Loans of such Lender to Base Rate Loans
(with the Base Rate for such purpose calculated without reference to the LIBO Rate component thereof), either on the last day of the Interest Period therefor, if such Lender may lawfully continue to maintain such LIBO Rate Loans to such day, or
immediately, if such Lender may not lawfully continue to maintain such LIBO Rate Loans. Upon any such prepayment or Conversion, the Borrowers shall also pay accrued interest on the amount so prepaid or Converted. 

3.03 Inability to Determine Rates. 

(a) If the Required Lenders (or, in the case of clause (ii), the Administrative Agent) determine that for any reason in connection with any
request for a LIBO Rate Loan or a Conversion to or continuation thereof that (i) Dollar deposits are not being offered to banks in the London interbank market for the applicable amount and Interest Period of such LIBO Rate Loan, (ii) by
reason of circumstances affecting the London interbank eurodollar market, adequate and reasonable means do not exist for determining the LIBO Rate by the definition thereof for any requested Interest Period with respect to a proposed LIBO Rate Loan,
or (iii) the LIBO Rate for any requested Interest Period with respect to a proposed LIBO Rate Loan does not adequately and fairly reflect the cost to such Lenders of funding such Loan, the Administrative Agent will promptly so notify the Lead
Borrower and each Lender. Thereafter, the obligation of the Lenders to make or maintain LIBO Rate Loans shall be suspended until the Administrative Agent (except in the case of clause (ii) above, upon the instruction of the Required Lenders)
revokes such notice. Upon receipt of such notice, the Lead Borrower may revoke any pending request for a Borrowing of, Conversion to or continuation of LIBO 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. 
 (b) Notwithstanding anything to the contrary herein or in any other
Loan Document: 
 (i) On March 5, 2021 the Financial Conduct Authority (“FCA”), the regulatory supervisor of
LIBOR’s administrator (“IBA”), announced in a public statement the future cessation or loss of representativeness of overnight/Spot Next, 1-week, 1-month,
2-month, 3-month, 6-month and 12- month U.S. dollar LIBOR tenor settings. On the earliest
of (A) the date that all Available Tenors of U.S dollar LIBOR have permanently or indefinitely ceased to be provided by IBA or have been announced by the FCA pursuant to public statement or publication of information to be no longer
representative, (B) June 

  
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30, 2023 and (C) the Early Opt-in Effective Date in respect of a SOFR Early Opt-in, if the then-current
Benchmark is LIBOR, the Benchmark Replacement will replace such Benchmark for all purposes hereunder and under any Loan Document in respect of any setting of such Benchmark on such day and all subsequent settings without any amendment to, or further
action or consent of any other party to this Agreement or any other Loan Document. If the Benchmark Replacement is Daily Simple SOFR, all interest payments will be payable on a monthly basis; or 

(ii) (x) Upon (A) the occurrence of a Benchmark Transition Event or (B) a determination by the Administrative Agent
that neither of the alternatives under clause (1) of the definition of Benchmark Replacement are available, the Benchmark Replacement will replace the then-current Benchmark for all purposes hereunder and under any Loan Document in respect of
any Benchmark setting at or after 5:00 p.m. on the fifth (5th) Business Day after the date notice of such Benchmark Replacement is provided to the Lenders without any amendment to, or further action or consent of any other party to, this Agreement
or any other Loan Document so long as the Administrative Agent has not received, by such time, written notice of objection to such Benchmark Replacement from Lenders comprising the Required Lenders (and any such objection shall be conclusive and
binding absent manifest error); provided that solely in the event that the then-current Benchmark at the time of such Benchmark Transition Event is not a SOFR-based rate, the Benchmark Replacement therefor shall be determined in accordance
with clause (1) of the definition of Benchmark Replacement unless the Administrative Agent determines that neither of such alternative rates is available. 

(y) On the Early Opt-in Effective Date in respect of an Other Rate Early Opt-in, the Benchmark Replacement will replace LIBOR for all purposes hereunder and under any Loan Document in respect of any setting of such Benchmark on such day and all subsequent settings without any amendment
to, or further action or consent of any other party to this Agreement or any other Loan Document. 
 (iii) At any time that
the administrator of the then-current Benchmark has permanently or indefinitely ceased to provide such Benchmark or such Benchmark has been announced by the regulatory supervisor for the administrator of such Benchmark pursuant to public statement
or publication of information to be no longer representative of the underlying market and economic reality that such Benchmark is intended to measure and that representativeness will not be restored, the Lead Borrower may revoke any request for a
borrowing of, conversion to or continuation of Loans to be made, converted or continued that would bear interest by reference to such Benchmark until the Lead Borrower’s receipt of notice from the Administrative Agent that a Benchmark
Replacement has replaced such Benchmark, and, failing that, the Lead Borrower will be deemed to have converted any such request into a request for a borrowing of or conversion to Base Rate Loans. During the period referenced in the foregoing
sentence, the component of Base Rate based upon the Benchmark will not be used in any determination of Base Rate. 

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

(v) The Administrative Agent will promptly notify the Lead Borrower and the Lenders of (A) the implementation of any
Benchmark Replacement and (B) the effectiveness of any Benchmark Replacement Conforming Changes. Any determination, decision or election that may be made by the Administrative Agent pursuant to this Section 3.03(b), including any
determination with respect to a tenor, rate or adjustment or of the occurrence or non-occurrence of an event, circumstance or date and any decision to take or refrain from taking any action, will be conclusive
and binding absent manifest error and may be made in its sole discretion and without consent from any other party hereto, except, in each case, as expressly required pursuant to this Section 3.03(b). 

(vi) At any time (including in connection with the implementation of a Benchmark Replacement), (A) if the then-current
Benchmark is a term rate (including Term SOFR or LIBOR), then the Administrative Agent may remove any tenor of such Benchmark that is unavailable or non-representative for Benchmark (including Benchmark
Replacement) settings and (B) the Administrative Agent may reinstate any such previously removed tenor for Benchmark (including Benchmark Replacement) settings. 

3.04 Increased Costs; Reserves on LIBO Rate Loans. 

(a) Increased Costs Generally. If any Change in Law shall: 

(i) impose, modify or deem applicable any reserve, special deposit, compulsory loan, insurance charge or similar requirement
against assets of, deposits with or for the account of, or credit extended or participated in by, any Lender (except any reserve requirement reflected in the LIBO Rate) or any L/C Issuer; 

(ii) subject any Lender or any L/C Issuer to any Tax of any kind whatsoever with respect to this Agreement, any Letter of
Credit, any participation in a Letter of Credit or any LIBO Rate Loan made by it, or change the basis of taxation of payments to such Lender or such L/C Issuer in respect thereof (except for Indemnified Taxes or Other Taxes indemnifiable under
Section 3.01 or any Excluded Tax); or 
 (iii) impose on any Lender or any L/C Issuer or the London interbank market any
other condition, cost or expense affecting this Agreement or LIBO Rate Loans made by such Lender or any Letter of Credit or participation therein; 

  
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 and the result of any of the foregoing shall be to increase the cost to such Lender of making, continuing,
converting or maintaining any LIBO Rate Loan (or of maintaining its obligation to make any such Loan), or to increase the cost to such Lender or such L/C Issuer of participating in, issuing or maintaining any Letter of Credit (or of maintaining its
obligation to participate in or to issue any Letter of Credit), or to reduce the amount of any sum received or receivable by such Lender or each L/C Issuer hereunder (whether of principal, interest or any other amount) then, upon request of such
Lender or the L/C Issuer and delivery of the certificate contemplated by Section 3.04(c), the Borrowers will pay to such Lender or the L/C Issuer, as the case may be, such additional amount or amounts as will compensate such Lender or the L/C
Issuer, as the case may be, for such additional costs incurred or reduction suffered. 
 (b) Capital Requirements. If any Lender or
L/C Issuer determines that any Change in Law affecting such Lender or L/C Issuer or any Lending Office of such Lender or such Lender’s or L/C Issuer’s holding company, if any, regarding capital or liquidity requirements has had the effect
of reducing the rate of return on such Lender’s or L/C Issuer’s capital or on the capital of such Lender’s or L/C Issuer’s holding company, if any, as a consequence of this Agreement, the Commitments of such Lender or the Loans
made by, or participations in Letters of Credit held by, such Lender, or the Letters of Credit issued by such L/C Issuer, to a level below that which such Lender or L/C Issuer or such Lender’s or L/C Issuer’s holding company could have
achieved but for such Change in Law (taking into consideration such Lender’s or L/C Issuer’s policies and the policies of such Lender’s or L/C Issuer’s holding company with respect to capital adequacy and liquidity), then from
time to time upon the request of such Lender or L/C Issuer and the delivery of the certificate contemplated by Section 3.04(c), the Borrowers will pay to such Lender or L/C Issuer, as the case may be, such additional amount or amounts as will
compensate such Lender or L/C Issuer or such Lender’s or L/C Issuer’s holding company, as the case may be, for any such reduction suffered. 

(c) Certificates for Reimbursement. A certificate of a Lender or L/C Issuer specifying the Change in Law and setting forth the amount
or amounts necessary to compensate such Lender or L/C Issuer or its holding company, as the case may be, and the method for calculating such amount or amounts as specified in subsection (a) or (b) of this Section and delivered to the Lead
Borrower and the Administrative Agent shall be conclusive absent manifest error. The Borrowers shall pay such Lender or L/C Issuer, as the case may be, the amount shown as due on any such certificate within 10 days after receipt thereof. 

(d) Delay in Requests. Failure or delay on the part of any Lender or L/C Issuer to demand compensation pursuant to the foregoing
provisions of this Section shall not constitute a waiver of such Lender’s or L/C Issuer’s right to demand such compensation, provided that the Loan Parties shall not be required to compensate a Lender or L/C Issuer pursuant to the
foregoing provisions of this Section for any increased costs incurred or reductions suffered more than six months prior to the date that such Lender or L/C Issuer, as the case may be, notifies the Lead Borrower of the Change in Law giving rise to
such increased costs or reductions and of such Lender’s or L/C Issuer’s intention to claim compensation therefor (except that, if the Change in Law giving rise to such increased costs or reductions is retroactive, then the six-month period referred to above shall be extended to include the period of retroactive effect thereof). 

  
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 3.05 Compensation for Losses. Upon demand of any Lender (with a copy to the
Administrative Agent) from time to time, the Borrowers 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 Loan other than a Base Rate Loan on a day other than the last
day of the Interest Period for such Loan (whether voluntary, mandatory, automatic, by reason of acceleration, or otherwise); 

(b) any failure by the Borrowers (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 Lead Borrower; or 

(c) any assignment of a LIBO Rate Loan on a day other than the last day of the Interest Period therefor as a result of a
request by the Lead Borrower pursuant to Section 10.13; 
 including any loss or reasonable out-of-pocket 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. The
Borrowers shall also pay any customary administrative fees charged by such Lender in connection with the foregoing. 
 For purposes of
calculating amounts payable by the Borrowers to the Lenders under this Section 3.05, each Lender shall be deemed to have funded each LIBO Rate Loan made by it at the LIBO Rate for such Loan by a matching deposit or other borrowing in the London
interbank market for a comparable amount and for a comparable period, whether or not such LIBO Rate Loan was in fact so funded. A certificate of any Lender setting forth any amount or amounts that such Lender is entitled to receive pursuant to this
Section and setting forth in reasonable detail the manner in which such amount or amounts was determined shall be delivered to the Lead Borrower and shall be conclusive absent manifest error. 

3.06 Mitigation Obligations; Replacement of Lenders. 

(a) Designation of a Different Lending Office. If any Lender requests compensation under Section 3.04, or the Borrowers are
required to pay any additional amount to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 3.01, or if any Lender gives a notice pursuant to Section 3.02, then such Lender shall use commercially
reasonable good faith efforts to designate a different Lending Office for funding or booking its Loans hereunder or to assign its rights and obligations hereunder to another of its offices, branches or affiliates, if, in the judgment of such Lender,
such designation or assignment (i) would eliminate or reduce amounts payable pursuant to Section 3.01 or 3.04, as the case may be, in the future, or eliminate the need for the notice pursuant to Section 3.02, as applicable, and
(ii) in each case, would not subject such Lender to any unreimbursed cost or expense and would not otherwise be disadvantageous to such Lender. The Borrowers hereby agree to pay all reasonable costs and expenses incurred by any Lender in
connection with any such designation or assignment. 

  
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 (b) Replacement of Lenders. If any Lender requests compensation under
Section 3.04, or if the Borrowers are required to pay any additional amount or indemnification payment to any Lender, the Administrative Agent or any Governmental Authority for the account of any Lender pursuant to Section 3.01, or if any
Lender gives notice pursuant to Section 3.02, then the Borrowers may replace such Lender in accordance with Section 10.13. 

3.07 Survival. All of the Borrowers’ obligations under this Article III shall survive termination of the Aggregate
Revolving Commitments and repayment of all other Obligations hereunder. 
 3.08 Designation of Lead Borrower as
Borrowers’ Agent. 
 (a) Each Borrower hereby irrevocably designates and appoints the Lead Borrower as such
Borrower’s agent to obtain Credit Extensions, the proceeds of which shall be available to each Borrower for such uses as are permitted under this Agreement. As the disclosed principal for its agent, each Borrower shall be obligated to each
Credit Party on account of Credit Extensions so made as if made directly by the applicable Credit Party to such Borrower, notwithstanding the manner by which such Credit Extensions are recorded on the books and records of the Lead Borrower and of
any other Borrower. In addition, each Loan Party other than the Borrowers hereby irrevocably designates and appoints the Lead Borrower as such Loan Party’s agent to represent such Loan Party in all respects under this Agreement and the other
Loan Documents. 
 (b) Each Borrower recognizes that credit available to it hereunder is in excess of and on better terms than it otherwise
could obtain on and for its own account and that one of the reasons therefor is its joining in the credit facility contemplated herein with all other Borrowers. Consequently, each Borrower hereby assumes and agrees to discharge all Obligations of
each of the other Borrowers. 
 (c) The Lead Borrower shall act as a conduit for each Borrower (including itself, as a
“Borrower”) on whose behalf the Lead Borrower has requested a Credit Extension. Neither the Administrative Agent nor any other Credit Party shall have any obligation to see to the application of such proceeds therefrom. 

ARTICLE IV 
 CONDITIONS
PRECEDENT TO CREDIT EXTENSIONS 
 4.01 Conditions of Initial Credit Extensions. The obligation of the L/C Issuer and each
Lender to make its initial Credit Extension on the Fourth Restatement Effective Date is subject to satisfaction of the following conditions precedent: 

(a) The Administrative Agent’s receipt of the following, each of which shall be originals, telecopies or other electronic
image scan transmission (e.g., “pdf” or “tif” via e-mail) (followed promptly by originals) unless otherwise specified, each properly executed by a Responsible Officer of the signing
Loan Party or the Lenders, as applicable, each dated the Fourth Restatement Effective Date (or, in the case of certificates of governmental officials, a recent date before the Fourth Restatement Effective Date) and each in form and substance
reasonably satisfactory to the Administrative Agent: 
 (i) executed counterparts of this Agreement; 

  
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 (ii) a Note executed by the Borrowers in favor of each Lender requesting a
Note to the extent requested five (5) Business Days prior to the Fourth Restatement Effective Date; 
 (iii) such
certificates of resolutions or other action, incumbency certificates and/or other certificates of Responsible Officers of each Loan Party as the Administrative Agent may require evidencing (A) the authority of each Loan Party to enter into this
Agreement and the other Loan Documents to which such Loan Party is a party or is to become a party and (B) 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 become a party; 
 (iv) copies of
each Loan Party’s Organization Documents (or a certification that such Organization Documents have not been amended since the date such Organization Documents were previously delivered to the Agents under the Existing Credit Agreements) and
such other documents and certifications as the Administrative Agent may reasonably require to evidence that each Loan Party is duly organized or formed, and that each Loan Party is validly existing, in good standing and qualified to engage in
business in each jurisdiction where its ownership, lease or operation of properties or the conduct of its business requires such qualification, except to the extent that failure to so qualify in such jurisdiction could not reasonably be expected to
have a Material Adverse Effect; 
 (v) a certificate signed by a Responsible Officer of the Lead Borrower certifying as to
the conditions set forth in clauses (b) and (f) of this Section 4.01; 
 (vi) [reserved]; 

(vii) a solvency certificate signed by the Chief Financial Officer of the Lead Borrower substantially in the form attached
hereto as Exhibit E; 
 (viii) all other Loan Documents set forth on Schedule 4.01; 

(ix) evidence that all insurance required to be maintained pursuant to the Loan Documents has been obtained and is in effect
and that the Collateral Agent has been named as loss payee and additional insured under each United States insurance policy with respect to such insurance as to which the Collateral Agent shall have requested to be so named; 

  
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 (x) a Borrowing Base Certificate prepared as of the last day of the most
recent Fiscal Month ending at least 20 calendar days prior to the Fourth Restatement Effective Date; 
 (xi) results of
searches or other evidence reasonably satisfactory to the Administrative Agent (in each case dated as of a date reasonably satisfactory to the Administrative Agent) indicating the absence of Liens on the assets of the Loan Parties, except for
Permitted Encumbrances and Liens for which termination statements and releases, satisfactions and releases or subordination agreements reasonably satisfactory to the Agents are being tendered concurrently with the Fourth Restatement Effective Date
or other arrangements reasonably satisfactory to the Administrative Agent for the delivery of such termination statements and releases, satisfactions and discharges have been made; 

(xii) a Committed Loan Notice; and 

(xiii) a customary legal opinion (including no conflicts with all indentures and other material debt documents of the
Borrower) (A) from Jenner & Block LLP, counsel to the Loan Parties, (B) from Greenberg Traurig, LLP, counsel to the Loan Parties. 

(b) Since the date of the latest balance sheet included in the Audited Financial Statements, there shall not have occurred any
Material Adverse Effect. 
 (c) The Arrangers shall have received (i) the Audited Financial Statements and (ii) the
Unaudited Financial Statements. 
 (d) All fees required to be paid on the Fourth Restatement Effective Date pursuant to this
Agreement and reasonable and documented out-of-pocket expenses required to be paid on the Fourth Restatement Effective Date pursuant to this Agreement, in each case to
the extent invoiced at least two business days prior to the Fourth Restatement Effective Date, shall have been paid (or contemporaneously paid with the proceeds of any Credit Extension on the Fourth Restatement Effective Date). 

(e) The Administrative Agent shall have received at least five (5) Business Days prior to the Fourth Restatement Effective
Date all documentation and other information required by regulatory authorities under applicable “know your customer” and anti-money laundering rules and regulations, including without limitation the USA PATRIOT Act, that has been
reasonably requested by the Arrangers at least ten (10) Business Days prior to the Fourth Restatement Effective Date. 

(f) (A) all representations and warranties contained herein and in the other Loan Documents shall be true and correct in all
material respects (except where qualified by materiality, in which case such representations and warranties that are qualified by materiality shall be true and correct in all respects) with the same effect as though such representations and
warranties had been made on and as of the date hereof, except to the 

  
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extent that such representations and warranties expressly relate solely to an earlier date (in which case such representations and warranties shall have been true and accurate on and as of such
earlier date) and (B) no Default or Event of Default shall exist or have occurred and be continuing on and as of the date of the making of such Loan and after giving effect thereto. 

(g) At least five days prior to the Fourth Restatement Effective Date and to the extent any Borrower qualifies as a “legal
entity customer”, such Borrower shall deliver to each Lender that so requests (which request is made through the Administrative Agent), a certification regarding beneficial ownership required by the Beneficial Ownership Certification in
relation to such Borrower; provided that the Administrative Agent has provided such Borrower a list of each such Lender and its electronic delivery requirements at least ten (10) Business Days prior to the Fourth Restatement Effective
Date. 
 (h) On a pro forma basis, immediately after giving effect to the Restatement Effective Date Transactions, Excess
Availability would not be less than $1,500,000,000. 
 4.02 Conditions to All Credit Extensions. The obligation of each Lender
to honor any Request for Credit Extension after the initial Credit Extension on the Fourth Restatement Effective Date (other than a Committed Loan Notice requesting only a Conversion of Loans to the other Type, or a continuation of LIBO Rate Loans
and other than a Request for Credit Extension on the Fourth Restatement Effective Date (which shall be subject to Section 4.01) and of each L/C Issuer to issue each Letter of Credit after the initial L/C Credit Extensions requested on the
Fourth Restatement Effective Date is in each case subject to the following conditions precedent: 
 (a) The representations
and warranties of each Loan Party contained in Article V or any other Loan Document, shall be true and correct in all material respects on and as of the date of such Credit Extension, except (i) to the extent that such representations and
warranties specifically refer to an earlier date, in which case they shall be true and correct in all material respects as of such earlier date, (ii) in the case of any representation and warranty qualified by materiality, they shall be true
and correct in all respects and (iii) for purposes of this Section 4.02, the representations and warranties contained in (A) subsections (a) and (b) of Section 5.05 shall be deemed to refer to the most recent statements
furnished pursuant to clauses (a) and (b), respectively, of Section 6.01 and (B) Section 4.08 of the Security Agreement and the reference to Schedule II of Section 3.3 of the Security Agreement, shall be deemed to be as of
the Restatement Effective Date. 
 (b) No Default or Event of Default shall exist, or would result from such proposed Credit
Extension or from the application of the proceeds thereof. 
 (c) The Administrative Agent and, if applicable, the applicable
L/C Issuers or the Swing Line Lender shall have received a Request for Credit Extension in accordance with the requirements hereof. 

  
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 Each Request for Credit Extension (other than a Committed Loan Notice requesting only a Conversion of Loans
to the other Type or a continuation of LIBO Rate Loans) submitted by the Lead Borrower shall be deemed to be a representation and warranty by the Borrowers that the conditions specified in Sections 4.02(a) and (b) have been satisfied on and as
of the date of the applicable Credit Extension. The conditions set forth in this Section 4.02 are for the sole benefit of the Credit Parties but until the Required Revolving Lenders otherwise direct the Administrative Agent to cease making
Loans, the Lenders will fund their Applicable Percentage of all Loans and L/C Advances and participate in all Swing Line Loans and Letters of Credit whenever made or issued, which are requested by the Lead Borrower and which, notwithstanding the
failure of the Loan Parties to comply with the provisions of this Article IV, are agreed to by the Administrative Agent; provided, however, the making of any such Loans or the issuance of any Letters of Credit shall not be deemed a
modification or waiver by any Credit Party of the provisions of this Article IV on any future occasion or a waiver of any rights of the Credit Parties as a result of any such failure to comply. 

Notwithstanding anything in this Section 4.02 and in Section 2.15(II) to the contrary, to the extent that the proceeds of Additional
FILO Loans are to be used to finance a Permitted Acquisition or Investment permitted hereunder, the only conditions precedent to the funding of such Additional FILO Loan shall be (i) the conditions precedent set forth in subclauses
(ii) through (viii) of Section 2.15(II)(e), (ii) that the Specified Representations and the Specified Acquisition Agreement Representations with respect to the target of such Permitted Acquisition or Investment permitted hereunder
shall be true and correct and (iii) no Event of Default under Section 8.01(a)(i), (a)(ii), (f) or (g) shall have occurred and be continuing or would result therefrom (collectively, the “Certain Funds Provision”).

 ARTICLE V 

REPRESENTATIONS AND WARRANTIES 

To induce the Credit Parties to enter into this Agreement and to make Loans and to issue Letters of Credit hereunder, each Loan Party
represents and warrants to the Administrative Agent and the other Credit Parties that: 
 5.01 Existence, Qualification and
Power. Each Loan Party and each Restricted Subsidiary thereof (a) is a corporation, limited liability company, partnership or limited partnership, duly incorporated, organized or formed, validly existing and, where applicable, in good
standing under the Laws of the jurisdiction of its incorporation, organization or formation, (b) has all requisite power and authority and all requisite governmental licenses, permits, authorizations, consents and approvals 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, and (c) is duly qualified and is licensed 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 or license; except in each case referred to in clause (b)(i) or (c), to the extent that failure to do so could
not reasonably be expected to have a Material Adverse Effect. Schedule 5.01 annexed hereto sets forth, as of the Fourth Restatement Effective Date, each Loan Party’s name as it appears in official filings in its state of incorporation or
organization, its state of incorporation or organization, organization type, organization number, if any, issued by its state of incorporation or organization, and its federal employer identification number. 

  
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 5.02 Authorization; No Contravention. The execution, delivery and performance
by each Loan Party of each Loan Document to which such Person is or is to be a party, has been duly authorized by all necessary corporate or other organizational action, and does not and will not (a) contravene the terms of any of such
Person’s Organization Documents; (b) conflict with or result in any breach, termination, or contravention of, or constitute a default under, or require any payment to be made under (i) any Material Contract or any Material
Indebtedness to which such Person is a party or affecting such Person or the properties of such Person or any of its Restricted Subsidiaries or (ii) any order, injunction, writ or decree of any Governmental Authority or any arbitral award to
which such Person or its property is subject; (c) result in or require the creation of any Lien upon any asset of any Loan Party (other than Liens in favor of the Collateral Agent under the Security Documents); or (d) violate any Law,
except for any violations that could not reasonably be expected to have a Material Adverse Effect. 
 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 the execution, delivery
or performance by, or enforcement against, any Loan Party of this Agreement or any other Loan Document to which such Person is a party, except for (a) the perfection or maintenance of the Liens created under the Security Documents (including
the first priority nature thereof) or (b) such as have been obtained or made and are in full force and effect. 
 5.04
Binding Effect. This Agreement has been, and each other Loan Document, when delivered, will have been, duly executed and delivered by each Loan Party that is party thereto. This Agreement constitutes, and each other Loan Document when so
delivered will constitute, a legal, valid and binding obligation of such Loan Party, enforceable against each Loan Party that is party thereto in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or
other laws affecting creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law. 

5.05 Financial Statements; No Material Adverse Effect. 

(a) The Audited Financial Statements (i) were prepared in accordance with GAAP consistently applied throughout the period covered
thereby, except as otherwise expressly noted therein; (ii) fairly present in all material respects the financial condition of the Lead Borrower and its Subsidiaries as of the date thereof and their results of operations for the period covered
thereby in accordance with GAAP consistently applied throughout the period covered thereby, except as otherwise expressly noted therein; and (iii) to the extent required by GAAP, show all Material Indebtedness and other liabilities, direct or
contingent, of the Lead Borrower and its Subsidiaries as of the date thereof, including liabilities for taxes, material commitments and Indebtedness. 

  
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 (b) The Unaudited Financial Statements (i) were prepared in accordance with GAAP
consistently applied throughout the period covered thereby, except as otherwise expressly noted therein, and (ii) fairly present in all material respects the financial condition of the Lead Borrower and its Subsidiaries, as applicable, as of
the date thereof and their results of operations for the period covered thereby, subject, in the case of clauses (i) and (ii), to the absence of footnotes and to normal year-end audit adjustments. 

(c) Since the Fourth Restatement Effective Date, 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. 
 (d) The Consolidated forecasted balance sheets and statements of
income and cash flows of the Albertson’s Group delivered pursuant to Section 6.01(d) were prepared in good faith on the basis of the assumptions stated therein, which assumptions were reasonable in light of the conditions existing at the
time of delivery of such forecasts, and represented, at the time of delivery, the Loan Parties’ good faith estimate of its future financial performance (it being understood that such forecasted financial information is subject to significant
uncertainties and contingencies, many of which are beyond the control of the Loan Parties, that no assurance is given that any particular forecasts will be realized, that actual results may differ and that such differences may be material). 

5.06 Litigation. There are no actions, suits, proceedings, claims or disputes pending or, to the knowledge of the Loan Parties
after commercially reasonable investigation, threatened in writing, at law, in equity, in arbitration or before any Governmental Authority, by or against any Loan Party or any of its Restricted Subsidiaries or against any of its properties or
revenues that except as disclosed in Schedule 5.06, either individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect. 

5.07 No Default. No Default has occurred and is continuing or would result from the consummation of the transactions
contemplated by this Agreement or any other Loan Document. 
 5.08 Ownership of Property; Liens. 

(a) Each of the Loan Parties and each Restricted Subsidiary thereof has good record and valid title in fee simple to or valid leasehold
interests in, all real property necessary or used in the ordinary conduct of its business, except for Permitted Encumbrances and such defects in title or failure to have such title or other interest as could not, individually or in the aggregate,
reasonably be expected to have a Material Adverse Effect. Each of the Loan Parties and each Restricted Subsidiary has good and valid title to, valid leasehold interests in, or valid licenses or other rights to use all personal property and assets
material to the ordinary conduct of its business, except for Permitted Encumbrances or as could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. 

(b) The property of each Loan Party and each of its Subsidiaries is subject to no Liens, other than Permitted Encumbrances and such defects in
title as could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. 

  
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 5.09 Environmental Compliance. 

(a) Except for any matters that could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect, no Loan
Party or any Restricted Subsidiary thereof (i) is in violation of any Environmental Law or has failed to obtain, maintain or comply with any permit, license or other approval required under any Environmental Law at any material property,
(ii) is subject to any Environmental Liability, (iii) is in receipt of any pending written notice of claim with respect to any Environmental Liability or (iv) is presently aware of any basis for any Environmental Liability; and 

(b) Except as otherwise set forth on Schedule 5.09, no Loan Party or any Restricted Subsidiary thereof is undertaking, and no Loan
Party or any Restricted Subsidiary thereof has completed, either individually or together with other potentially responsible parties, any investigation or assessment or remedial or response action relating to any actual or threatened release,
discharge or disposal of Hazardous Materials at any site, location or operation, either voluntarily or pursuant to the order of any Governmental Authority or the requirements of any Environmental Law, which investigation, assessment, remedial or
response action could not individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. 
 5.10
Taxes. Except for failures that could not reasonably be expected, either individually or in the aggregate, to result in a Material Adverse Effect, the Loan Parties and each of their Restricted Subsidiaries have filed all Tax returns and
reports required to be filed, and have paid all Taxes levied or imposed upon them or their properties, income or assets or otherwise due and payable (including in the capacity of withholding agent), except those which are being contested in good
faith by appropriate proceedings being diligently conducted, for which adequate reserves have been provided in accordance with GAAP, as to which Taxes no Liens (other than Permitted Encumbrances on account thereof) have has been filed and which
contest effectively suspends the collection of the contested obligation and the enforcement of any Lien securing such obligation. There is no current, pending or proposed Tax audit, deficiency, assessment or other claim or proceeding with respect to
any Loan Party or any of their Subsidiaries that, individually, or in the aggregate, could reasonably be expected to result in a Material Adverse Effect. 

5.11 ERISA Compliance. 

(a) Each Plan is in compliance with the applicable provisions of ERISA, the Code and other Federal or state Laws, except where non-compliance could not individually or in the aggregate reasonably be expected to have a Material Adverse Effect. No Lien imposed under the Code or ERISA exists or is likely to arise on account of any Plan that
individually or in the aggregate could reasonably be expected to have a Material Adverse Effect. 
 (b) There are no pending or, to the best
knowledge of the Lead Borrower, threatened claims, actions or lawsuits, or action by any Governmental Authority, with respect to any Plan that individually or in the aggregate could reasonably be expected to have a Material Adverse Effect. There has
been no prohibited transaction or violation of the fiduciary responsibility rules with respect to any Plan that has resulted or individually or in the aggregate could reasonably be expected to result in a Material Adverse Effect. 

  
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 (c) (i) No ERISA Event has occurred or is reasonably expected to occur that individually or
in the aggregate could reasonably be expected to have a Material Adverse Effect; (ii) neither any Loan Party nor any ERISA Affiliate has incurred, or reasonably expects to incur, any liability under Title IV of ERISA with respect to any Pension
Plan (other than premiums due and not delinquent under Section 4007 of ERISA) that individually or in the aggregate could reasonably be expected to have a Material Adverse Effect; (iii) neither any Loan Party nor any ERISA Affiliate has
incurred, or reasonably expects to incur, any liability (and to the best knowledge of the Lead Borrower, no event has occurred which, with the giving of notice under Section 4219 of ERISA, would result in such liability) under Sections 4201 or
4243 of ERISA with respect to a Multiemployer Plan that individually or in the aggregate could reasonably be expected to have a Material Adverse Effect; and (iv) neither any Loan Party nor any ERISA Affiliate has engaged in a transaction that
could be subject to Sections 4069 or 4212(c) of ERISA that individually or in the aggregate could reasonably be expected to have a Material Adverse Effect. 

5.12 Subsidiaries; Equity Interests. As of the Fourth Restatement Effective Date: (a) the Loan Parties have no Restricted
Subsidiaries other than those specifically disclosed in Part (a) of Schedule 5.12, which Schedule sets forth, as of the Fourth Restatement Effective Date, the legal name, jurisdiction of incorporation or formation and outstanding
Equity Interests of each such Restricted Subsidiary, (b) all of the outstanding Equity Interests in such Restricted Subsidiaries have been validly issued, are fully paid and non-assessable, and are owned
by a Loan Party (or a Restricted Subsidiary of a Loan Party) in the amounts specified on Part (a) of Schedule 5.12 free and clear of all Liens except for Liens in favor of the Collateral Agent under the Loan Documents and Permitted
Encumbrances which do not have priority over the Liens of the Collateral Agent. Except as set forth in Schedule 5.12, as of the Fourth Restatement Effective Date, there are no outstanding rights to purchase any Equity Interests in any
Restricted Subsidiary. As of the Fourth Restatement Effective Date, the Loan Parties have no equity investments in any other Person other than those specifically disclosed in Schedule 7.02. The copies of the Organization Documents of
each Loan Party and each amendment thereto provided (or referred to) pursuant to Section 4.01 are true and correct copies of each such document, each of which is valid and in full force and effect as of the Fourth Restatement Effective Date.

 5.13 Margin Regulations; Investment Company Act. 

(a) No Loan Party is engaged or will be engaged, 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. None of the proceeds of the Credit Extensions shall be used directly or indirectly for the purpose of
purchasing or carrying any margin stock, for the purpose of reducing or retiring any Indebtedness that was originally incurred to purchase or carry any margin stock or for any other purpose that might cause any of the Credit Extensions to be
considered a “purpose credit” within the meaning of Regulations T, U, or X issued by the FRB. 
 (b) None of the Loan Parties, any
Person Controlling any Loan Party, or any Subsidiary is required to be registered as an “investment company” under the Investment Company Act of 1940. 

  
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 5.14 Disclosure. Each Loan Party has disclosed to the Administrative Agent and
the Lenders all agreements, instruments and corporate or other restrictions to which it or any of its Subsidiaries is subject, and all other matters known to it, that, individually or in the aggregate, on the Fourth Restatement Effective Date, could
reasonably be expected to result in a Material Adverse Effect on the Fourth Restatement Effective Date. No report, financial statement, certificate or other factual written information furnished in writing by or on behalf of any Loan Party to the
Administrative Agent or any Lender in connection with the transactions contemplated hereby and the negotiation of this Agreement or delivered hereunder or under any other Loan Document (excluding projected financial information, forward-looking
statements and general industry or general economic data) (in each case, as modified or supplemented by other information so furnished) and taken as a whole, contains any material misstatement of fact or omits to state any material fact necessary to
make the statements therein, in the light of the circumstances under which they were made, not materially misleading; provided that, with respect to projected financial information, the Loan Parties represent only that such information was
prepared in good faith based upon assumptions believed to be reasonable at the time (it being understood that such projected financial information is subject to significant uncertainties and contingencies, many of which are beyond the control of the
Loan Parties, that no assurance is given that any particular projections will be realized, that actual results may differ and that such differences may be material). 

5.15 Compliance with Laws. Each of the Loan Parties and each Restricted Subsidiary is in compliance in all material respects
with the requirements of all Laws and all orders, writs, injunctions and decrees applicable to it or to its properties, except in such instances in which (a) such requirement of Law or order, writ, injunction or decree is being contested in
good faith by appropriate proceedings diligently conducted or (b) the failure to comply therewith, either individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect. 

5.16 Intellectual Property; Licenses, Etc. Except, in each case, as could not reasonably be expected to have, individually or in
the aggregate, a Material Adverse Effect, the Loan Parties and their Subsidiaries own, or possess the right to use, all of the Intellectual Property that is reasonably necessary for the operation of their respective businesses as currently
conducted. Except, in each case, as could not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect, the operation of their respective businesses by any Loan Party or any Subsidiary does not violate, dilute, or
misappropriate and has not, in the past three (3) years infringed, any Intellectual Property rights held by any other Person, and except as disclosed in Schedule 5.16, no claim or litigation regarding any of the foregoing is
pending or, to the knowledge of the Lead Borrower, threatened in writing against any Loan Party or Restricted Subsidiary, which, either individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect. 

5.17 Labor Matters. There are no strikes, lockouts, slowdowns or other labor disputes against any Loan Party or any Restricted
Subsidiary thereof pending or, to the knowledge of any Loan Party, threatened that individually or in the aggregate could reasonably be expected to have a Material Adverse Effect. The hours worked by and payments made to employees of the Loan
Parties comply with the Fair Labor Standards Act and any other applicable federal, state, local or foreign Law dealing with such matters except to the extent that any such violation 

  
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could not individually or in the aggregate reasonably be expected to have a Material Adverse Effect. No Loan Party or any of its Restricted Subsidiaries has incurred any liability or obligation
under the Worker Adjustment and Retraining Notification Act or similar state Law that has not been satisfied that individually or in the aggregate could reasonably be expected to have a Material Adverse Effect. Except as could not reasonably be
expected to have, individually or in the aggregate, a Material Adverse Effect, all payments due from any Loan Party and its Restricted Subsidiaries, or for which any claim may be made against any Loan Party or any of its Restricted Subsidiaries, on
account of wages and employee health and welfare insurance and other benefits, have been paid or properly accrued in accordance with GAAP as a liability on the books of such Loan Party. There are no representation proceedings pending or, to any Loan
Party’s knowledge, threatened to be filed with the National Labor Relations Board, and no labor organization or group of employees of any Loan Party or any Restricted Subsidiary has made a pending demand for recognition that individually or in
the aggregate could reasonably be expected to have a Material Adverse Effect. There are no complaints, unfair labor practice charges, grievances, arbitrations, unfair employment practices charges or any other claims or complaints against any Loan
Party or any Restricted Subsidiary pending or, to the knowledge of any Loan Party, threatened to be filed with any Governmental Authority or arbitrator based on, arising out of, in connection with, or otherwise relating to the employment or
termination of employment of any employee of any Loan Party or any of its Subsidiaries which individually or in the aggregate could reasonably be expected to have a Material Adverse Effect. The consummation of the transactions contemplated by the
Loan Documents will not give rise to any right of termination or right of renegotiation on the part of any union under any collective bargaining agreement to which any Loan Party or any of its Restricted Subsidiaries is bound that individually or in
the aggregate could reasonably be expected to have a Material Adverse Effect. 
 5.18 Security Documents. 

(a) The Security Agreement creates in favor of the Collateral Agent, for the benefit of the Credit Parties referred to therein, a legal,
valid, and enforceable security interest in the Collateral (as defined in the Security Agreement), the enforceability of which is subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights
generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law. Upon the filing of UCC financing statements in proper form, and delivery to the Collateral Agent of all possessory
collateral required to be delivered by the Security Agreement and/or the obtaining of “control” (as defined in the UCC) by the Collateral Agent (or, so long as an Intercreditor Agreement is in effect and another agent is acting as agent
for the Collateral Agent pursuant thereto for purposes of obtaining possession of or establishing control over certain Collateral, to or by such other agent), the Collateral Agent for the benefit of the Credit Parties, will have a perfected Lien on,
and security interest in, to and under all right, title and interest of the grantors thereunder in all Collateral (other than those DDAs for which the Collateral Agent has not required a Blocked Account Agreement) that may be perfected under the UCC
(in effect on the date this representation is made) by filing, recording or registering a financing statement or by obtaining control or possession, in each case prior and superior in right to any other Person to the extent required by the Loan
Documents, subject to Permitted Encumbrances having priority under applicable Law. 

  
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 (b) When the Security Agreement (or a short form thereof) in proper form is filed in the
United States Patent and Trademark Office and the United States Copyright Office and when financing statements, releases and other filings in appropriate form are filed in the offices specified on Schedule II of the Security Agreement, the
Collateral Agent shall have a fully perfected Lien on, and security interest in, all right, title and interest of the applicable Loan Parties in the Intellectual Property Collateral (as defined in the Security Agreement) in which a security interest
may be perfected by filing, recording or registering a security agreement, financing statement or analogous document in the United States Patent and Trademark Office or the United States Copyright Office, as applicable, in each case prior and
superior in right to any other Person to the extent required by the Loan Documents, subject to Permitted Encumbrances having priority under applicable Law (it being understood that subsequent recordings in the United States Patent and Trademark
Office and the United States Copyright Office may be necessary to perfect a Lien on registered trademarks, trademark applications and copyrights acquired by the Loan Parties after the Fourth Restatement Effective Date). 

5.19 Solvency. Immediately after giving effect to the transactions contemplated by this Agreement, and before and after giving
effect to each Credit Extension, the Loan Parties, on a Consolidated basis, are Solvent. No transfer of property has been or will be made by any Loan Party and no obligation has been or will be incurred by any Loan Party in connection with the
transactions contemplated by this Agreement or the other Loan Documents with the intent to hinder, delay, or defraud either present or future creditors of any Loan Party. 

5.20 Deposit Accounts; Credit Card Arrangements. 

(a) Annexed hereto as Schedule 5.20(a) is a list of all DDAs maintained by the Loan Parties as of the Fourth Restatement Effective
Date, which Schedule includes, with respect to each DDA (i) the name and address of the depository; (ii) the account number(s) maintained with such depository; (iii) a contact person at such depository, and (iv) the
identification of each Blocked Account Bank. 
 (b) Annexed hereto as Schedule 5.20(b) is a list describing all arrangements as of
the Fourth Restatement Effective Date to which any Loan Party is a party with respect to the processing and/or payment to such Loan Party of the proceeds of any credit card charges and debit card charges for sales made by such Loan Party. 

5.21 [Reserved]. 

5.22 [Reserved]. 

5.23 Material Contracts. The Loan Parties are not in breach or in default of or under any Material Contract which would
reasonably likely result in a Material Adverse Effect and have not received any written notice of the intention of any other party thereto to terminate any Material Contract prior to the end of its current term. 

5.24 [Reserved]. 

  
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 5.25 Pharmaceutical Laws. 

(a) The Loan Parties have obtained all permits, licenses and other authorizations which are required with respect to the ownership and
operations of their businesses under any Pharmaceutical Law, except where the failure to obtain such permits, licenses or other authorizations would not reasonably be expected to have a Material Adverse Effect. 

(b) The Loan Parties are in compliance with all terms and conditions of all such permits, licenses, orders and authorizations, and are also in
compliance with all Pharmaceutical Laws, including all other limitations, restrictions, conditions, standards, prohibitions, requirements, obligations, schedules and timetables contained in the Pharmaceutical Laws, except where the failure to comply
with such terms, conditions or laws would not reasonably be expected to have a Material Adverse Effect. 
 (c) None of the Loan Parties has
any liabilities, claims against it or presently outstanding notices imposed or based upon any provision of any Pharmaceutical Law, except for such liabilities, claims, citations or notices which individually or in the aggregate would not reasonably
be expected to have a Material Adverse Effect. 
 5.26 HIPAA Compliance. To the extent that and for so long as a Loan Party is
a “covered entity” within the meaning of HIPAA, such Loan Party (i) has undertaken or will promptly undertake all applicable surveys, audits, inventories, reviews, analyses and/or assessments (including any required risk assessments)
of all areas of its business and operations required by HIPAA; (ii) has developed or will promptly develop a detailed plan and time line for becoming HIPAA Compliant (a “HIPAA Compliance Plan”); and (iii) has implemented
or will implement those provisions of such HIPAA Compliance Plan in all material respects necessary to ensure that such Loan Party is or becomes HIPAA Compliant. 

For purposes hereof, “HIPAA Compliant” shall mean that a Loan Party to the extent legally required (i) is or will use
commercially reasonable efforts to be in compliance in all material respects with each of the applicable requirements of the so-called “Administrative Simplification” provisions of HIPAA on and as of
each date that any part thereof, or any final rule or regulation thereunder, becomes effective in accordance with its or their terms, as the case may be (each such date, a “HIPAA Compliance Date”) and (ii) is not and could not
reasonably be expected to become, as of any date following any such HIPAA Compliance Date, the subject of any civil or criminal penalty, process, claim, action or proceeding, or any administrative or other regulatory review, survey, process or
proceeding (other than routine surveys or reviews conducted by any government health plan or other accreditation entity) that could result in any of the foregoing or that has or could reasonably be expected to have a Material Adverse Effect. 

5.27 Compliance With Health Care Laws. 

(a) Each Loan Party is in compliance with all Health Care Laws, including all Medicare and Medicaid program rules and regulations applicable
to it, except where the failure to so comply does not have or could not reasonably be expected to have a Material Adverse Effect. Without limiting the generality of the foregoing, no Loan Party has received notice of any violation of any provisions
of the Medicare and Medicaid Anti-Fraud and Abuse or Anti-Kickback Amendments of the Social Security Act (presently codified in Section 1128(B)(b) of the Social Security Act) or the Medicare and Medicaid Patient and Program Protection Act of
1987. 

  
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 (b) Each Loan Party has maintained all records required to be maintained by the Joint
Commission on Accreditation of Healthcare Organizations, the Food and Drug Administration, Drug Enforcement Agency and State Boards of Pharmacy and the Federal and State Medicare and Medicaid programs as required by the Health Care Laws or other
applicable Law or regulation, except where the failure to maintain such records does not have or could not reasonably be expected to have a Material Adverse Effect. Each Loan Party has all necessary permits, licenses, franchises, certificates and
other approvals or authorizations of Governmental Authority as are required under Health Care Laws and under such HMO or similar licensure laws and such insurance laws and regulations, as are applicable thereto, and with respect to those facilities
and other businesses that participate in Medicare and/or Medicaid, to receive reimbursement under Medicare and Medicaid, except where the failure to obtain could not reasonably be expected to cause a Material Adverse Effect. 

(c) Each Loan Party which is a certified Medicare provider or certified Medicaid provider has in a timely manner filed all requisite cost
reports, claims and other reports required to be filed in connection with all Medicare and Medicaid programs due on or before the Fourth Restatement Effective Date, all of which are complete and correct in all material respects. There are no claims
to the best of each Loan Party’s knowledge, actions or appeals pending (and no Loan Party has filed any claims or reports which should result in any such claims, actions or appeals) before any Third Party Payor or Governmental Authority,
including without limitation, any Fiscal Intermediary, the Provider Reimbursement Review Board or the Administrator of HCFA, with respect to any Medicare or Medicaid cost reports or claims filed by any Loan Party on or before the Fourth Restatement
Effective Date. No validation review or program integrity review related to a Loan Party which could reasonably likely have a Material Adverse Effect has been conducted by any Third Party Payor or Governmental Authority in connection with Medicare
or Medicare programs, and to the best of each Loan Party’s knowledge, no such reviews are scheduled, pending or threatened against or affecting any Loan Party, or any of its assets, or, the consummation of the transactions contemplated hereby.
To the best of each Loan Party’s knowledge, there currently exist no restrictions, deficiencies, required plans of correction actions or other such remedial measures with respect to Federal and State Medicare and Medicaid certifications or
licensure against such parties. 
 5.28 [Reserved]. 

5.29 Notices from Farm Products Sellers, etc. 

(a) The Loan Parties have not, within the one (1) year period prior to the Fourth Restatement Effective Date, received any written notice
pursuant to the applicable provisions of the PASA, PACA, the Food Security Act, the UCC or any other applicable local laws from (i) any supplier or seller of Farm Products or (ii) any lender to any such supplier or seller or any other
Person with a security interest in the assets of any such supplier or seller, or (iii) the Secretary of 

  
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State (or equivalent official) or other Governmental Authority of any State, Commonwealth or political subdivision thereof in which any Farm Products purchased by such Loan Party are produced, in
any case advising or notifying the Loan Parties of the intention of such supplier or seller or other Person to preserve the benefits of any trust applicable to any assets of the Loan Parties established in favor of such supplier, seller or other
Person under the provisions of any law or claiming a Lien with respect to any perishable agricultural commodity or any other Farm Products which may be or have been purchased by the Loan Parties or any related or other assets of the Loan Parties.

 (b) The Lead Borrower is not a “live poultry dealer” (as such term is defined in the PASA) or otherwise purchases or deals in
live poultry of any type whatsoever. The Loan Parties do not purchase livestock pursuant to cash sales as such term is defined in the PASA. The Lead Borrower is not engaged in, and shall not engage in, raising, cultivating, propagating, fattening,
grazing or any other farming, livestock or agricultural operations. 
 5.30 USA PATRIOT Act Notice. Each Loan Party is in
compliance, in all material respects, with Patriot Act, to the extent each Loan Party is legally required to comply with the Patriot Act. 

5.31 Office of Foreign Assets Control. Neither the advance of the Loans or the issuance of any Letter of Credit nor the use of
the proceeds of the Loans, nor the lending, contribution or otherwise making available such proceeds to any Subsidiary, joint venture partner or other individual or entity, will be used to fund or facilitate any activities of or business with any
individual or entity, or in any Designated Jurisdiction, that, at the time of such funding, is the subject of Sanctions, or in any other manner that will result in a violation by any individual or entity (including any individual or entity
participating in the transaction, whether as Lender, Arranger, Administrative Agent, L/C Issuer, Swing Line Lender, or otherwise) of Sanctions. Neither the Borrowers, nor any of their Subsidiaries, nor, to the knowledge of the Borrowers and their
Subsidiaries, any director, officer, employee, agent, affiliate or representative thereof, is an individual or entity that is, or is owned or controlled by any individual or entity that is (i) currently the subject or target of any Sanctions or
(ii) located, organized or resident in a Designated Jurisdiction. 
 5.32 Use of Proceeds. On and after the Fourth
Restatement Effective Date, the Loans will be used by the Albertson’s Group for working capital (including the purchase of Inventory) and general corporate purposes (including Permitted Acquisitions and other Investments). 

5.33 Anti-Money Laundering. No Borrower or Guarantor, none of its Subsidiaries and, to the knowledge of senior management of
each Borrower or Guarantor, none of its Affiliates and none of their respective officers, directors, brokers or agents of such Borrower or Guarantor, such Subsidiary or Affiliate (i) has violated or is in violation of any applicable anti-money
laundering law or (ii) has engaged or engages in any transaction, investment, undertaking or activity that conceals the identity, source or destination of the proceeds from any category of offenses designated in any applicable law, regulation
or other binding measure implementing the “Forty Recommendations” and “Nine Special Recommendations” published by the Organization for Economic Cooperation and Development’s Financial Action Task Force on Money Laundering.

  
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 5.34 FCPA. No part of the proceeds of the Loans or any Letter of Credit will
be used, directly or indirectly, for any payments to any governmental official or employee, political party, official of a political party, candidate for political office, or anyone else acting in an official capacity, in order to obtain, retain or
direct business or obtain any improper advantage, in violation of the United States Foreign Corrupt Practices Act of 1977, as amended. 

5.35 Beneficial Ownership. As of the Fourth Restatement Effective Date, the information included in the Beneficial Ownership
Certification is true and correct in all material respects. 
 ARTICLE VI 

AFFIRMATIVE COVENANTS 
 So
long as any Lender shall have any Commitment hereunder, any Loan or other Obligation hereunder shall remain unpaid or unsatisfied (other than contingent indemnification claims for which a claim has not been asserted), or any Letter of Credit shall
remain outstanding, the Loan Parties shall, and shall (except in the case of the covenants set forth in Sections 6.01, 6.02, and 6.03) cause each Subsidiary to: 

6.01 Financial Statements. Deliver to the Administrative Agent, in form and detail satisfactory to the Administrative Agent:

 (a) as soon as available, but in any event within 120 days after the end of each Fiscal Year of the Lead Borrower,
(x) a Consolidated balance sheet of the Albertson’s Group as at the end of such Fiscal Year, and the related Consolidated statements of income or operations, Shareholders’ Equity and cash flows for such Fiscal Year, setting forth in
each case in comparative form (for any period that includes a period prior to the Fourth Restatement Effective Date, based solely on the predecessor entity group on a combined basis which need not be in accordance with GAAP) the figures for the
previous Fiscal Year, all in reasonable detail and prepared in accordance with GAAP, such Consolidated statements to be audited and accompanied by a report and unqualified opinion of a Registered Public Accounting Firm of nationally recognized
standing reasonably acceptable to the Administrative Agent (it being understood and agreed that Deloitte Touche Tohmatsu Limited is acceptable to the Administrative Agent), 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 or any qualification or exception as to the scope of such audit (other than with respect to an upcoming maturity of any
Indebtedness or potential default under any financial covenant) and (y) a copy of management’s discussion and analysis with respect to the financial statements of such Fiscal Year, all of which shall be in form and detail reasonably
satisfactory to the Administrative Agent; 

  
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 (b) as soon as available, but in any event within 60 days after the end of
each of the first three Quarterly Accounting Periods of each Fiscal Year of the Lead Borrower, (x) a Consolidated balance sheet of the Albertson’s Group as at the end of such Quarterly Accounting Period and the related Consolidated
statements of income or operations, Shareholders’ Equity and cash flows for such Quarterly Accounting Period and for the portion of the Lead Borrower’s Fiscal Year then ended, setting forth in each case in comparative form (for any period
that includes a period prior to the Fourth Restatement Effective Date, based solely on the predecessor entity group on a combined basis which need not be in accordance with GAAP) the figures for (A) the corresponding Accounting Period of the
previous Fiscal Year and (B) the corresponding portion of the previous Fiscal Year, all in reasonable detail, such Consolidated statements to be certified by a Responsible Officer of the Lead Borrower as fairly presenting in all material
respects the financial condition, results of operations, Shareholders’ Equity and cash flows of the Albertson’s Group as of the end of such Quarterly Accounting Period in accordance with GAAP, subject only to normal year-end audit adjustments and the absence of footnotes and that prior Fiscal Year results are not required to be restated for changes in discontinued operations and (y) a copy of management’s discussion
and analysis with respect to the financial statements of such Quarterly Accounting Period, all of which shall be in form and detail reasonably satisfactory to the Administrative Agent; 

(c) [reserved]; 

(d) as soon as available, but in any event no more than 60 days after the end of each Fiscal Year of the Lead Borrower,
forecasts prepared by management of the Lead Borrower, in form reasonably satisfactory to the Administrative Agent, of the Loan Cap and the Consolidated balance sheets and statements of income or operations and cash flows of the Albertson’s
Group on a quarterly basis (except that the Loan Cap shall be projected on a monthly basis) for the immediately following Fiscal Year (including the fiscal year in which the Maturity Date occurs); it being understood and agreed that (i) any
forecasts furnished hereunder are subject to significant uncertainties and contingencies, which may be beyond the control of the Loan Parties, (ii) no assurance is given by the Loan Parties that the results or forecast in any such projections
will be realized and (iii) the actual results may differ from the forecasted results set forth in such projections and such differences may be material; and 

(e) 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. 
 (f) promptly following any
request therefor, provide information and documentation reasonably requested by the Administrative Agent or any Lender for purposes of compliance with applicable “know your customer” and anti-money-laundering rules and regulations,
including, without limitation, the PATRIOT Act and the Beneficial Ownership Regulation. 

  
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 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 Albertson’s Group by furnishing (A) the applicable consolidated financial statements of any direct or indirect parent of the Lead Borrower that,
directly or indirectly, holds all of the Equity Interests of the Lead Borrower or (B) the Lead Borrower’s (or any direct or indirect parent thereof, as applicable) Form 10-K or 10-Q, as applicable, filed with the SEC; provided that, with respect to each of clauses (A) and (B) (i) such information is accompanied by consolidated information that explains in reasonable detail
the differences between the information relating to the Lead Borrower (or a parent of the Lead Borrower, if such information related to such a parent), on the one hand, and the information relating to the Lead Borrower and its 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 this Section 6.01, such materials are 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 GAAP and consistent with the requirements of Section 6.01. 

6.02 Certificates; Other Information. Deliver to the Administrative Agent, in form and detail reasonably satisfactory to the
Administrative Agent: 
 (a) concurrently with the delivery of the financial statements referred to in Section 6.01(a),
a certificate of its Registered Public Accounting Firm certifying such financial statements; 
 (b) (i) On or prior to the
fifteenth (15th) day after the end of each Quarterly Accounting Period (or, if such day is not a Business Day, on the next succeeding Business Day), a Borrowing Base Certificate showing the Borrowing Base as of the close of business as of the last
day of the immediately preceding Quarterly Accounting Period, each Borrowing Base Certificate to be certified as complete and correct by a Responsible Officer of the Lead Borrower; provided that (x) at any time that Excess Availability
is less than the greater of (A) 60.0% of the Loan Cap and (B) $1,800,000,000 (a “Monthly Borrowing Base Delivery Event”), unless an Accelerated Borrowing Base Delivery Event has occurred and is continuing, such Borrowing Base
Certificates shall be delivered (x) within ten (10) Business Days following the occurrence of a Monthly Borrowing Base Delivery Event (showing the Borrowing Base as of the close of business as of the last day of the most recent Fiscal
Month ended at least fifteen (15) days prior to the occurrence of the Monthly Borrowing Base Delivery Event) and (y) on or prior to the fifteenth (15th) day after the end of each subsequent Fiscal Month (or, if such day is not a Business
Day, on the next succeeding Business Day) (showing the Borrowing Base as of the close of business as of the last day of the immediately preceding Fiscal Month) until Excess Availability is at least the greater of (a) 60% of the Loan Cap and (B)
$1,800,000.00 for thirty (30) consecutive calendar days, in which case the Monthly Borrowing Base Delivery Event shall no longer be deemed to be continuing for purposes of this Agreement and (y) at any time that an Accelerated Borrowing
Base Delivery Event has occurred and is continuing, such Borrowing Base Certificate shall be delivered on Wednesday of each week (or, if Wednesday is not a Business Day, on the next succeeding Business Day), as

  
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of the close of business on the immediately preceding Saturday, and (ii) within three (3) Business Days after the consummation of the Disposition of any Collateral included in the
Borrowing Base in connection with the closure of fifteen of more Stores, a Borrowing Base Certificate showing the Borrowing Base after giving effect to the consummation of such Disposition; 

(c) promptly upon receipt, copies of any detailed audit reports, management letters or recommendations submitted to the Board
of Directors (or the audit committee of the board of directors) of any Loan Party by its Registered Public Accounting Firm in connection with the accounts or books of the Loan Parties or any Restricted Subsidiary, or any audit of any of them; 

(d) without duplication of any other reports required hereunder, the financial and collateral reports described on Schedule
6.02 hereto, at the times set forth in such Schedule; and 
 (e) promptly, such additional information regarding the
business affairs, financial condition or operations of any Loan Party or any Restricted Subsidiary, or compliance with the terms of the Loan Documents, as the Administrative Agent (or any Lender acting through the Administrative Agent) may from time
to time reasonably request. 
 Documents required to be delivered pursuant to Section 6.01 or Section 6.02(e) may (but shall not be required to)
be delivered electronically (which may be filed with the SEC) and if so delivered, shall be deemed to have been delivered on the date (i) on which the Lead Borrower posts such documents, or provides a link thereto on the Lead Borrower’s
website on the Internet at www.albertsons.com or www.albertsonscompanies.com (or any successor website notified by the Lead Borrower to the Administrative Agent) or (ii) on which such documents are posted on the Lead
Borrower’s behalf on an Internet or intranet website, if any, to which each Lender and the Administrative Agent has access (whether a commercial, third-party website or whether sponsored by the Administrative Agent); provided that:
(i) the Lead Borrower shall deliver paper copies of such documents to the Administrative Agent if the Administrative Agent requests the Lead Borrower to deliver such paper copies until a written request to cease delivering paper copies is given
by the Administrative Agent or such Lender and (ii) the Lead Borrower shall notify the Administrative Agent (by telecopier or electronic mail) 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. The Administrative Agent shall have no obligation to request the delivery or to maintain copies of the documents referred to above. The Loan Parties hereby acknowledge that
(a) the Administrative Agent and/or the Arrangers will make available to the Lenders and each L/C Issuer materials and/or Borrower Materials by posting the Borrower Materials on Intralinks or another similar electronic system (the
“Platform”) and (b) certain of the Lenders (each, a “Public Lender”) may have personnel who do not wish to receive material non-public information with respect to the Lead
Borrower or its Affiliates, or the respective securities of any of the foregoing, and who may be engaged in investment and other market-related activities with respect to such Persons’ securities. The Lead Borrower hereby agrees that so
long as the Lead Borrower is the issuer of any outstanding debt or equity securities that are registered or 

  
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issued pursuant to a private offering or is actively contemplating issuing any such securities (w) all Borrower Materials that are to be made available to Public Lenders 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; (x) by marking Borrower Materials “PUBLIC,” the Borrower shall be deemed to
have authorized the Administrative Agent, the Arrangers, each L/C Issuer and the Lenders to treat such Borrower Materials as not containing any material non-public information with respect to the Lead Borrower
or its securities for purposes of United States Federal and state securities laws (provided, however, that to the extent such Borrower Materials constitute Information, they shall be treated as set forth in Section 10.07); (y) all Borrower
Materials marked “PUBLIC” are permitted to be made available through a portion of the Platform designated “Public Side Information;” and (z) the Administrative Agent and the Arrangers shall be entitled to treat any Borrower
Materials that are not marked “PUBLIC” as being suitable only for posting on a portion of the Platform not designated “Public Side Information.”

6.03 Notices. Promptly after any Responsible Officer of the Lead Borrower obtains knowledge thereof, notify the Administrative
Agent: 
 (a) of the occurrence of any Default; 

(b) of any matter that has resulted or could reasonably be expected to result in a Material Adverse Effect; 

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

(d) the receipt of any written notice from a supplier, seller, or agent pursuant to the Food Security Act, PACA or PASA of the
intention of such Person to preserve the benefits of any trust applicable to any assets of any Loan Party under the provisions of the PASA, PACA or any other statute and such Loan Party shall promptly provide the Administrative Agent with a true,
correct and complete copy of such notice and other information delivered to or on behalf of such Loan Party pursuant to the Food Security Act; or 

(e) of the commencement of, or any material development in, any litigation or proceeding affecting the Lead Borrower or any
Restricted Subsidiary in each case that has resulted or would reasonably be expected to result in a Material Adverse Effect. 
 Each notice pursuant to this
Section shall be accompanied by a statement of a Responsible Officer of the Lead Borrower setting forth details of the occurrence referred to therein and stating what action the Lead Borrower has taken and proposes to take with respect thereto. 

6.04 Payment of Obligations. Pay and discharge as the same shall become due and payable, all its obligations and liabilities,
including (x) all Tax liabilities, assessments and governmental charges or levies upon it or its properties or assets (including in its capacity as a withholding agent); (y) all lawful claims (including, without limitation, claims of landlords,
warehousemen, customs brokers, carriers and suppliers, sellers, or agents of Perishable Inventory and 

  
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Farm Products) which, if unpaid, would by Law become a Lien upon its property; and (z) all Indebtedness, as and when due and payable, but subject to any subordination provisions contained in
any instrument or agreement evidencing such Indebtedness, except, in each case, where (a)(i) the validity or amount thereof is being contested in good faith by appropriate proceedings diligently conducted, (ii) such Loan Party has set aside on
its books adequate reserves with respect thereto in accordance with GAAP, (iii) such contest effectively suspends collection of the contested obligation and enforcement of any Lien securing such obligation, and (iv) no Lien has been filed
with respect thereto (other than Permitted Encumbrances) or (b) the failure to make payment pending such contest could not reasonably be expected, individually or in the aggregate, to result in a Material Adverse Effect. Nothing contained
herein shall be deemed to limit the rights of the Administrative Agent with respect to determining Reserves pursuant to this Agreement. 

6.05 Preservation of Existence, Etc. (a) Preserve, renew and maintain in full force and effect its legal existence (and,
except to the extent the failure to do so could not reasonably be expected to have a Material Adverse Effect, good standing) under the Laws of the jurisdiction of its organization or formation except in a transaction permitted by Section 7.04
or 7.05; (b) take all reasonable action to maintain all rights, privileges, permits, licenses and franchises necessary or desirable in the normal conduct of its business, except to the extent that failure to do so could not reasonably be expected to
have a Material Adverse Effect; and (c) preserve or renew all of its Intellectual Property, except to the extent such Intellectual Property is no longer used or useful in the conduct of the business of the Loan Parties or that the failure to do
so could not reasonably be expected to have a Material Adverse Effect. 
 6.06 Maintenance of Properties. (a) Maintain,
preserve and protect all of its material properties and equipment necessary in the operation of its business in good working order and condition, ordinary wear and tear and casualty or condemnation events excepted; and (b) make all necessary
repairs thereto and renewals and replacements thereof except, in each case of clauses (a) and (b), where the failure to do so could not reasonably be expected to have a Material Adverse Effect. 

6.07 Maintenance of Insurance. Maintain insurance substantially consistent with past practices and as disclosed to the Agents
prior to the Fourth Restatement Effective Date (including a program of self-insurance) and as is customarily carried under similar circumstances by other Persons in the same or similar businesses operating in the same or similar locations, and as is
reasonably acceptable to the Administrative Agent. Fire and extended coverage or “all-risk” policies maintained with respect to any Collateral shall be endorsed to include a lenders’ loss
payable clause (regarding personal property), in form and substance reasonably satisfactory to the Administrative Agent, which endorsements shall provide that none of the Borrowers, the Administrative Agent, the Collateral Agent, or any other party
shall be a coinsurer and such other provisions as the Administrative Agent or Collateral Agent may reasonably require from time to time to protect the interests of the Lenders and all first party property insurance covering Collateral shall name the
Collateral Agent as additional insured or loss payee, as applicable, and all liability insurance shall name the Collateral Agent as additional insured. 

  
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 6.08 Compliance with Laws. Comply in all material respects with the
requirements of all Laws and all orders, writs, injunctions and decrees applicable to it or to its business or property, except in such instances in which (a)(i) such requirement of Law or order, writ, injunction or decree is being contested in good
faith by appropriate proceedings diligently conducted and with respect to which adequate reserves have been set aside and maintained by the Loan Parties in accordance with GAAP and (ii) such contest effectively suspends enforcement of the
contested Laws; or (b) the failure to comply therewith could not reasonably be expected to have a Material Adverse Effect. 

6.09 Books and Records. (i) Maintain proper books of record and account, in which full, true and correct entries in all
material respects in conformity with GAAP consistently applied shall be made of all financial transactions and matters involving the assets and business of the Albertson’s Group; and (ii) maintain such books of record and account in
material conformity with all applicable requirements of any Governmental Authority having regulatory jurisdiction over the Albertson’s Group. 

6.10 Inspection Rights. 

(a) Permit representatives and independent contractors of the Administrative Agent and Collateral Agent to visit and inspect any of its
properties, to examine its corporate, financial and operating records, and make copies thereof or abstracts therefrom, and to discuss its affairs, finances and accounts with its directors, officers, and Registered Public Accounting Firm at such
reasonable times during normal business hours upon reasonable advance notice to the Lead Borrower; provided, however, that unless an Event of Default has occurred and is continuing, only one visit in any trailing thirteen
(13) four (4) week Accounting Period shall be permitted and such visit shall be at the Loan Parties’ expense. 
 (b) Upon the
request of the Administrative Agent after reasonable prior notice, permit the Administrative Agent or professionals (including investment bankers, consultants, accountants, and lawyers) retained by the Administrative Agent to conduct commercial
finance examinations and other evaluations at the frequency specified below, including, without limitation, of (i) the Lead Borrower’s practices in the computation of the Borrowing Base and (ii) the assets included in the Borrowing
Base and related financial information such as, but not limited to, sales, gross margins, payables, accruals and reserves. The Loan Parties shall pay the reasonable and documented
out-of-pocket fees and expenses of the Administrative Agent and such professionals with respect to such examinations and evaluations; provided that the Loan
Parties shall not be responsible for the fees and expenses associated with more than one (1) commercial finance examination in any trailing thirteen (13) four (4) week Accounting Period; provided, further, that (x) in
the event that the Excess Availability Percentage is at any time less than or equal to 15% for five (5) consecutive Business Days in any trailing thirteen (13) four (4) week Accounting Period, the Administrative Agent shall be permitted to
conduct up to two (2) commercial finance examinations in such trailing thirteen (13) four (4) week Accounting Period at the Loan Parties’ expense, (y) if an Event of Default has occurred and is continuing, the Administrative
Agent shall be permitted to conduct one (1) commercial finance examination in each Quarterly Accounting Period in which such Event of Default is continuing (and in any event no more than four in any trailing thirteen (13) four (4) week
Accounting Period) at the Loan Parties’ expense 

  
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and (z) so long as Excess Availability has been greater than the greater of (i) 80.0% of the Loan Cap and (ii) $2,400,000,000 at all times during any trailing thirteen (13) four (4)
week Accounting Period, the Loan Parties shall not be responsible for the fees and expenses of any examinations or other evaluations conducted pursuant to this Section 6.10(b) during such trailing thirteen (13) four (4) week Accounting
Period. Subject to the foregoing terms and conditions, the Administrative Agent and/or professionals (including investment bankers, consultants, accountants, and lawyers) retained by the Administrative Agent to conduct commercial finance
examinations shall conduct at least one (1) commercial finance examination, at the Loan Parties’ expense, in any trailing thirteen (13) four (4) week Accounting Period in which Excess Availability has been less than the greater of (x)
80.0% of the Loan Cap and (y) $2,400,000 for at least five (5) consecutive Business Days. Notwithstanding the foregoing, the Administrative Agent may cause additional commercial finance examinations to be undertaken (i) as it in its
discretion deems necessary or appropriate, at its own expense or, (ii) if required by Law, at the expense of the Loan Parties. 
 (c)
Upon the request of the Administrative Agent after reasonable prior notice, permit the Administrative Agent or professionals (including appraisers) retained by the Administrative Agent to conduct appraisals of the Collateral, including, without
limitation, the assets included in the Borrowing Base. The Loan Parties shall pay the reasonable and documented out-of-pocket fees and expenses of the Administrative
Agent and such professionals with respect to such appraisals; provided that the Loan Parties shall not be responsible for the fees and expenses associated with more than one (1) Inventory appraisal and one (1) Scripts appraisal in
any trailing thirteen (13) four (4) week Accounting Period; provided, further, that (x) in the event that the Excess Availability Percentage is at any time less than or equal to 15% for five (5) consecutive Business Days
in any trailing thirteen (13) four (4) week Accounting Period, the Administrative Agent shall be permitted to conduct up to two (2) Inventory appraisals and two (2) Scripts appraisals such trailing thirteen (13) four (4) week
Accounting Period at the Loan Parties’ expense, (y) if an Event of Default has occurred and is continuing, the Administrative Agent shall be permitted to conduct one (1) Inventory appraisal and one (1) Scripts appraisal in each
Quarterly Accounting Period in which such Event of Default is continuing (and in any event no more than four in such trailing thirteen (13) four (4) week Accounting Period) at the Loan Parties’ expense and (z) so long as Excess
Availability has been greater than the greater of (x) 80.0% of the Loan Cap and (y) $2,400,000,000 at all times during any trailing thirteen (13) four (4) week Accounting Period, the Loan Parties shall not be responsible for the fees and
expenses of any appraisals conducted during such trailing thirteen (13) four (4) week Accounting Period. Subject to the foregoing terms and conditions, the Administrative Agent or professionals (including appraisers) retained by the
Administrative Agent to conduct appraisals of the Collateral shall conduct at least one (1) Inventory appraisal and one (1) Scripts appraisal, at the Loan Parties’ expense, in any trailing thirteen (13) four (4) week Accounting
Period in which Excess Availability has been less than the greater of (x) 80.0% of the Loan Cap and (y) $2,400,000 for at least five (5) consecutive Business Days. Notwithstanding the foregoing, the Administrative Agent may cause additional
appraisals to be undertaken (i) as it in its discretion deems necessary or appropriate, at its own expense or, (ii) if required by Law, at the expense of the Loan Parties. 

  
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 6.11 Additional Loan Parties. Notify the Administrative Agent promptly after
any Person becomes a Subsidiary (other than any Excluded Subsidiary but including any Unrestricted Subsidiary being reclassified as a Restricted Subsidiary of the Lead Borrower, and promptly thereafter (and in any event within fifteen
(15) Business Days or such longer period as reasonably agreed by the Administrative Agent) if requested by the Administrative Agent, (a) (i) cause any such Person to become a Borrower or Guarantor by executing and delivering to the
Administrative Agent a Joinder Agreement to this Agreement or a counterpart of the Facility Guaranty or such other document as the Administrative Agent shall deem reasonably appropriate for such purpose, (ii) subject to the requirements of
Section 6.16(b), grant a Lien to the Collateral Agent on such Person’s assets on the same types of assets which constitute Collateral under the Security Documents to secure the Obligations, and (iii) deliver to the Administrative
Agent documents of the types referred to in clauses (iii) and (iv) of Section 4.01(a) and, if requested by the Administrative Agent in connection with the joinder of a Subsidiary that is expected to contribute assets to the Borrowing Base
in excess of 5.0% of the Borrowing Base, favorable opinions of counsel to such Person (which shall cover, among other things, the legality, validity, binding effect and enforceability of the documentation referred to in this clause (a)), and
(b) if any Equity Interests or Indebtedness of such Person are owned by or on behalf of any Loan Party, to pledge such Equity Interests and promissory notes evidencing such Indebtedness, in each case in form, content and scope reasonably
satisfactory to the Administrative Agent. In addition, for purposes of compliance with Section 6.01, any direct or indirect parent entity of the Lead Borrower may become a guarantor by executing and delivering to the Administrative Agent a
guarantee agreement in a form satisfactory to the Administrative Agent which shall be executed by the Lead Borrower and such parent; provided that such parent entity shall not otherwise be deemed to be a “Borrower”,
“Guarantor” or “Loan Party” for any purpose under this Agreement. In no event shall compliance with this Section 6.11 waive or be deemed a waiver or consent to any transaction giving rise to the need to comply with this
Section 6.11 if such transaction was not otherwise expressly permitted by this Agreement or constitute or be deemed to constitute, with respect to any Subsidiary, an approval of such Person as a Borrower or Guarantor or permit the inclusion of
any acquired assets in the computation of the Borrowing Base. 
 6.12 Cash Management. 

(a) The Loan Parties party to the Existing Credit Agreement have, and any Loan Parties that become party hereto on or after the Fourth
Restatement Effective Date shall within 90 days after the date such Loan Parties become party hereto or such longer period as the Administrative Agent may reasonably agree: 

(i) deliver to the Administrative Agent copies of notifications (each, a “Credit Card Notification”) which
have been executed on behalf of such Loan Party and delivered to such Loan Party’s credit card clearinghouses and Credit Card Processors listed on Schedule 5.20(b); and 

  
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 (ii) enter into a Blocked Account Agreement reasonably satisfactory in form
and substance to the Collateral Agent with respect to each DDA maintained with any Blocked Account Bank (collectively, the “Blocked Accounts”); provided that Blocked Accounts shall not include (i) deposit accounts
specifically and exclusively used for payroll, payroll taxes and other employee wage and benefit payments to or for the benefit of any Loan Party’s salaried employees, (ii) any zero balance account, (iii) any Store Account maintained
at a bank at which the Loan Parties maintain fewer than 25 Store Accounts, (iv) accounts solely used for cash deposits subject to Permitted Encumbrances, and (v) any deposit account or lockbox specifically and exclusively for the receipt
by the Loan Parties of Medicare Accounts or Medicaid Accounts, provided that such deposit accounts are under the control of a Loan Party and such Loan Party has directed payments from those accounts to the Blocked Accounts. 

(b) Deposit all cash proceeds from sales of Inventory in every form, including, without limitation, cash and checks from each Store (other
than Medicare Accounts and Medicaid Accounts) into the Store Account of such Loan Party used solely for such purpose in accordance with the then current practices of such Loan Party, but in any event no less frequently than once every three
(3) Business Days; provided that each Store may retain in such Store funds of up to an average of $50,000 immediately after each deposit of funds from such Store into the applicable Store Account. All collected funds on deposit in the
Store Accounts (including Store Accounts described in clause (iii) of Section 6.12(a)(ii)) shall be sent by wire transfer or other electronic funds transfer on each Business Day to the Blocked Accounts, except nominal amounts which are
required to be maintained in such Store Accounts under the terms of such Loan Party’s arrangements with the bank at which such Store Accounts are maintained (which amounts, together with all amounts held at the retail store locations and not
yet deposited in the Store Accounts, shall not in the aggregate exceed $200,000,000) (provided that such amount shall be permanently reduced each time a retail store of any Loan Party is closed or sold by $50,000 and increased by $50,000 each
time a store is opened or acquired pursuant to any Permitted Acquisition) at any one time, except to the extent from time to time additional amounts may be held in Stores or the Store Accounts on Saturday, Sunday or other days where the applicable
depository bank is closed, which additional amounts are to be, and shall be, transferred on the next Business Day to the Blocked Accounts) and except as the Administrative Agent may otherwise agree. 

(c) Establish and maintain a separate lockbox and deposit account into which the Loan Parties shall promptly deposit, and shall direct each
Fiscal Intermediary or other Third Party Payor in accordance with the applicable Medicare and Medicaid regulations to directly remit, all payments in respect of any Medicare Accounts or Medicaid Accounts. Such separate lockboxes and deposit accounts
shall only be used for purposes of receiving payments in respect of Medicare Accounts and Medicaid Accounts and shall be under the sole control of the applicable Loan Party; provided, that (i) the Loan Parties shall authorize, direct and
instruct the depository banks at which such separate lockboxes and deposit accounts are maintained to remit by federal funds wire transfer all funds received or deposited into such deposit accounts amounts on deposit in such accounts on a daily
basis to one of the Blocked Accounts, which instructions by Loan Parties to such banks may only be changed after not less than three (3) Business Days’ prior written notice to such banks and the Administrative Agent and (ii) any
change in such instructions without the prior written consent of the Administrative Agent shall be an Event of Default hereunder. 

  
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 (d) Subject to exceptions for Stores and Store Accounts in clause (b) and Medicare
Accounts and Medicaid Accounts in clause (c) above, ACH or wire transfer no less frequently than once every Business Day (and whether or not there are then any outstanding Obligations) to a Blocked Account all proceeds of Accounts or other
Collateral, including all proceeds from sales of Inventory, all amounts payable to each Borrower from Credit Card Issuers and Credit Card Processors and all other proceeds of Collateral. 

(e) Each Blocked Account Agreement shall require that, after the Blocked Account Bank’s receipt of written notice from the Collateral
Agent given after the occurrence and during the continuance of a Dominion Trigger Event, the Blocked Account Bank shall effectuate the ACH or wire transfer no less frequently than daily (and whether or not there are then any outstanding Obligations)
to the concentration account maintained by the Collateral Agent at Bank of America (the “Collection Account”) of all funds in such Blocked Account. 

(f) The Collection Account shall at all times be under the sole dominion and control of the Collateral Agent. The Loan Parties hereby
acknowledge and agree that (i) the Loan Parties have no right of withdrawal from the Collection Account, (ii) the funds on deposit in the Collection Account shall at all times be collateral security for all of the Obligations and
(iii) the funds on deposit in the Collection Account shall be applied pursuant to Section 8.03 on a daily basis after the occurrence and during the continuation of a Dominion Trigger Event. In the event that, notwithstanding the provisions
of this Section 6.12, any Loan Party receives or otherwise has dominion and control of any such proceeds or collections, such proceeds and collections shall be held in trust by such Loan Party for the Collateral Agent, shall not be commingled
with any of such Loan Party’s other funds or deposited in any account of such Loan Party and shall, not later than the Business Day after receipt thereof, be deposited into the Collection Account or dealt with in such other fashion as such Loan
Party may be instructed by the Collateral Agent. 
 (g) Upon the request of the Administrative Agent after the occurrence and during the
continuance of a Dominion Trigger Event, cause bank statements and/or other reports to be delivered to the Administrative Agent not less often than monthly, accurately setting forth all amounts deposited in each Blocked Account to ensure the proper
transfer of funds as set forth above. 
 6.13 Information Regarding the Collateral. 

(a) Furnish to the Administrative Agent prompt written notice of any change in: (i) any Loan Party’s legal name; (ii) the
location of any Loan Party’s chief executive office, its principal place of business, any office in which it maintains books or records relating to Collateral owned by it or any office or facility at which Collateral owned by it is located
(including the establishment of any such new office or facility, but excluding in-transit Collateral); (iii) any Loan Party’s organizational structure or jurisdiction of incorporation or formation; or
(iv) any Loan Party’s Federal Taxpayer Identification Number or organizational identification number assigned to it by its state of organization. The Loan Parties shall undertake all such action, if any, reasonably requested by the
Administrative Agent under the UCC or otherwise that is required in order for the Collateral Agent to continue at all times following such change to have a valid, legal and perfected first priority security interest in all the Collateral for its own
benefit and the benefit of the other Credit Parties. 

  
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 (b) From time to time as may be reasonably requested by the Administrative Agent, the Lead
Borrower shall supplement each Schedule hereto, or any representation herein or in any other Loan Document, with respect to any matter arising after the Fourth Restatement Effective Date that is required to be set forth or described in such Schedule
or as an exception to such representation or that is necessary to correct any information in such Schedule or representation which has been rendered inaccurate thereby (and, in the case of any supplements to any Schedule, such Schedule shall be
appropriately marked to show the changes made therein). Notwithstanding the foregoing, no supplement or revision to any Schedule or representation shall be deemed the Credit Parties’ consent to the matters reflected in such updated Schedules or
revised representations nor permit the Loan Parties to undertake any actions otherwise prohibited hereunder or fail to undertake any action required hereunder from the restrictions and requirements in existence prior to the delivery of such updated
Schedules or such revision of a representation; nor shall any such supplement or revision to any Schedule or representation be deemed the Credit Parties’ waiver of any Default resulting from the matters disclosed therein. 

6.14 Physical Inventories. 

(a) Cause not more than one physical inventories to be undertaken, at the expense of the Loan Parties, in any trailing thirteen (13) four
(4) week Accounting Period and periodic cycle counts, in each case consistent with past practices, conducted by such inventory takers as are reasonably satisfactory to the Collateral Agent and following such methodology as is consistent with the
methodology used in the immediately preceding inventory or as otherwise may be reasonably satisfactory to the Collateral Agent. The Collateral Agent, at the expense of the Loan Parties, may participate in and/or observe each scheduled physical count
of Inventory which is undertaken on behalf of any Loan Party. The Lead Borrower, within 30 days following the completion of such inventory, shall provide the Collateral Agent with a reconciliation of the results of such inventory (as well as of any
other physical inventory or cycle counts undertaken by a Loan Party) and shall post such results to the Loan Parties’ stock ledgers and general ledgers, as applicable. 

(b) Permit the Collateral Agent, in its Permitted Discretion, if any Event of Default exists, to cause additional such inventories to be taken
as the Collateral Agent determines (each, at the expense of the Loan Parties). 
 6.15 [Reserved].  

6.16 Further Assurances. 

(a) Execute any and all further documents, financing statements, agreements and instruments, and take all such further actions (including the
filing and recording of financing statements and other documents), that may be required under any Law, or which the Administrative Agent may reasonably request, to effectuate the transactions contemplated by the Loan Documents or to grant, preserve,
protect or perfect the Liens created or intended to be created by the 

  
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Security Documents or the validity or priority of any such Lien, all at the expense of the Loan Parties, provided that no such document, financing statement, agreement, instrument or
action taken shall, in the Loan Parties’ good faith determination, materially increase the obligations or liabilities of the Loan Parties hereunder or have any Material Adverse Effect on the Loan Parties. 

(b) If any material assets of the type constituting Collateral are acquired by any Loan Party after the Fourth Restatement Effective Date
(other than assets constituting Collateral under the Security Documents that become subject to the Lien of the Security Documents upon acquisition thereof), notify the Administrative Agent thereof, and the Loan Parties will, within sixty
(60) days after such acquisition, cause such assets to be subjected to a Lien securing the Obligations and take such actions as shall be reasonably necessary to perfect such Liens, including actions described in paragraph (a) of this
Section 6.16, all at the expense of the Loan Parties. In no event shall compliance with this Section 6.16(b) waive or be deemed a waiver or consent to any transaction giving rise to the need to comply with this Section 6.16(b) if such
transaction was not otherwise expressly permitted by this Agreement or constitute or be deemed to constitute consent to the inclusion of any acquired assets in the computation of the Borrowing Base. 

6.17 [Reserved]. 

6.18 [Reserved]. 

6.19 ERISA. The Lead Borrower will furnish to the Administrative Agent promptly following receipt thereof, copies of any
material documents described in Sections 101(k) or 101(l) of ERISA that the Lead Borrower or any ERISA Affiliate may request with respect to any Multiemployer Plan; provided that if the Lead Borrower or any ERISA Affiliate has not requested
such documents or notices from the administrator or sponsor of the applicable Multiemployer Plan, then, upon reasonable request of the Administrative Agent, the Lead Borrower and/or the ERISA Affiliate shall promptly make a request for such
documents or notices from such administrator or sponsor and shall provide copies of such documents and notices to the Administrative Agent promptly after receipt thereof. 

6.20 Post-Closing Collateral Actions. The Lead Borrower agrees to deliver or cause to be delivered such documents and
instruments, and take or cause to be taken such other actions as may be reasonably necessary to provide the perfected security interests and to satisfy such other conditions within the applicable time periods set forth on Schedule 6.20, as
such time periods may be extended by the Administrative Agent, in its sole discretion. 
 6.21 Post-Closing
Matters. The Loan Parties shall deliver, or cause to be delivered, to the Administrative Agent all items detailed on Schedule 6.21 not later than the corresponding dates set forth therein. 

  
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 ARTICLE VII 

NEGATIVE COVENANTS 
 So
long as any Lender shall have any Commitment hereunder, any Loan or other Obligation hereunder shall remain unpaid or unsatisfied (other than contingent indemnification claims for which a claim has not been asserted), or any Letter of Credit shall
remain outstanding, no Loan Party shall, nor shall it permit any Restricted Subsidiary to, directly or indirectly: 
 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; sign or suffer to exist any security agreement authorizing any Person thereunder to file a
financing statement; sell any of its property or assets subject to an understanding or agreement (contingent or otherwise) to repurchase such property or assets with recourse to it or any of its Restricted Subsidiaries; or assign as security or
otherwise transfer as security any accounts or other rights to receive income, other than, as to all of the above, Permitted Encumbrances. 

7.02 Investments. Make any Investments, except Permitted Investments. 

7.03 Indebtedness; Disqualified Stock. (a) Create, incur, assume, guarantee, suffer to exist or otherwise become or remain
liable with respect to, any Indebtedness, except Permitted Indebtedness, or (b) issue Disqualified Stock. 
 7.04 Fundamental
Changes. Merge, 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 except that: 
 (a) (i) any Restricted Subsidiary may merge, amalgamate or consolidate with a Borrower
(including a merger, the purpose of which is to reorganize a Borrower into a new jurisdiction in the United States); provided that such Borrower (as a newly recognized entity) shall be the continuing or surviving Person and (ii) any
Restricted Subsidiary may merge, amalgamate or consolidate with one or more other Restricted Subsidiaries; provided that when any Person that is a Loan Party is merging with a Restricted Subsidiary, a Loan Party shall be the continuing or
surviving Person; 
 (b) (i) any Subsidiary that is not a Loan Party may merge, amalgamate or consolidate with or into any
other Subsidiary that is not a Loan Party (ii) any Subsidiary may liquidate or dissolve or a Borrower or any Subsidiary may change its legal form if the Lead Borrower determines in good faith that such action is in the best interest of
Albertson’s Group and if not materially disadvantageous to the Lenders (it being understood that in the case of any change in legal form, (x) any Borrower shall remain a Borrower and (y) a Subsidiary that is a Guarantor will remain a
Guarantor unless such Guarantor is otherwise permitted to cease being a Guarantor hereunder) and (iii) any Immaterial Subsidiary may liquidate or dissolve; 

(c) any Restricted Subsidiary may Dispose of all or substantially all of its assets (upon voluntary liquidation or otherwise)
to the Lead Borrower or to another Restricted Subsidiary; provided that if the transferor in such a transaction is a Loan Party, then (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 which is not a Loan Party in accordance with Section 7.02 (other than clause (e) of the definition of “Permitted Investments”) and
Section 7.03, respectively; 

  
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 (d) so long as no Default exists or would result therefrom, a Borrower may
merge with any other Person; provided that (i) such Borrower shall be the continuing or surviving corporation or (ii) if the Person formed by or surviving any such merger or consolidation is not a Borrower (any such Person, the
“Successor Company”), (A) the Successor Company shall be an entity organized or existing under the Laws of the United States, any state thereof, the District of Columbia or any territory thereof, (B) the Successor Company shall
expressly assume all the obligations of such Borrower under this Agreement and the other Loan Documents to which such Borrower is a party pursuant to a supplement hereto or thereto in form reasonably satisfactory to the Agent, (C) each Loan
Party, unless it is the other party to such merger or consolidation, shall have confirmed that its obligations under the Loan Documents, including the Guarantee, shall continue to apply to the Successor Company’s obligations under the Loan
Agreements, (D) each Loan Party, unless it is the other party to such merger or consolidation, shall have by a supplement to the Security Agreement and other applicable Security Documents confirmed that its obligations thereunder shall apply to
the Successor Company’s obligations under the Loan Documents, and (E) such Borrower shall have delivered to the Administrative Agent an officer’s certificate and an opinion of counsel, each stating that such merger or consolidation
and such supplement to this Agreement or any Security Document comply with this Agreement; provided further that if the foregoing are satisfied, the Successor Company will succeed to, and be substituted for, such Borrower under this Agreement; 

(e) so long as no Default exists or would result therefrom (in the case of a merger involving a Loan Party), any Restricted
Subsidiary may merge 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 or a Borrower, which together with each of
its Restricted Subsidiaries, shall have complied with the requirements of Section 6.11 and Section 6.16; and 
 (f)
so long as no Default exists or would result therefrom, a merger, dissolution, liquidation, consolidation or Disposition, the purpose of which is to effect a Disposition permitted pursuant to Section 7.05. 

7.05 Dispositions. Make any Disposition, except Permitted Dispositions. To the extent any Collateral is Disposed of in a
Permitted Disposition to any Person other than any Loan Party, such Collateral shall be sold free and clear of all Liens created by the Loan Documents. 

7.06 Restricted Payments. Make, directly or indirectly, any Restricted Payment, except that: 

(a) each Restricted Subsidiary of a Loan Party may make Restricted Payments to any Loan Party; 

  
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 (b) each Restricted Subsidiary of a Loan Party which is not a Loan Party may
make Restricted Payments to another Restricted Subsidiary that is not a Loan Party; 
 (c) [Reserved]; 

(d) Loan Parties and their Restricted Subsidiaries may make Restricted Payments permitted by Sections 7.02, 7.04 or 7.09; 

(e) the Lead Borrower may, and may make a Restricted Payment to any direct or indirect parent to allow such parent to,
repurchase Equity Interests held by a current or former employee, officer or director upon the termination, retirement or death of any such employee, officer or director, provided that, as to any such repurchase, each of the following
conditions is satisfied: (i) as of the date of the payment for such repurchase and after giving effect thereto, no Dominion Trigger Event shall exist or have occurred and be continuing, (ii) such repurchase shall be paid with funds legally
available therefor, and (iii) the aggregate amount of all payments for such repurchases in any Fiscal Year shall not exceed $85,000,000 plus amounts of such repurchases permitted to have been made in prior Fiscal Years but not made, up
to a maximum carry forward amount in any Fiscal Year of $60,000,000; plus the Net Proceeds received by the Lead Borrower or any of its Subsidiaries from the sale of Equity Interests (other than Disqualified Stock) of the Lead Borrower or any
direct or indirect parent of the Lead Borrower (to the extent contributed to the Lead Borrower) to members of management, directors or consultants of the Lead Borrower or any of its Subsidiaries, or any direct or indirect parent of the Lead Borrower
that occurs after the Fourth Restatement Effective Date other than proceeds of a Cure Amount; plus the Net Proceeds of key man life insurance policies received by the Lead Borrower or any other direct or indirect parent of the Lead Borrower
(in each case, to the extent contributed to the Lead Borrower) and their Subsidiaries after the Fourth Restatement Effective Date; less the amount of any Restricted Payments previously made with the cash proceeds described in clauses (i) and
(ii) of this Section 7.06(e); (provided that cancellation of Indebtedness owing to the Lead Borrower or any Restricted Subsidiary from members of management, directors, employees or consultants of the Lead Borrower, or any direct or indirect
parent company or Restricted Subsidiaries in connection with a repurchase of Equity Interests pursuant to this clause (e) of the Lead Borrower or any direct or indirect parent company will not be deemed to constitute a Restricted Payment); 

(f) if the Payment Conditions are satisfied, a Borrower may pay cash dividends and distributions to the direct and indirect
equity holders of such Borrower; 
 (g) Loan Parties and their Subsidiaries may make dividend payments or other Restricted
Payments payable (i) solely in Equity Interests (other than Disqualified Stock not otherwise permitted by Section 7.03) of such Person, or (ii) with the proceeds of a substantially concurrent sale of Equity Interests (other than
Disqualified Stock) of the Lead Borrower or any direct or indirect parent thereof (to the extent contributed to a Borrower); 

  
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 (h) Loan Parties and their Restricted Subsidiaries may make repurchases of
Equity Interests in the Lead Borrower or in any other direct or indirect parent thereof or any Restricted Subsidiary of the Lead Borrower 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; 
 (i) with respect to any taxable period (or portion thereof) ending after the
Fourth Restatement Effective Date for which the Lead Borrower is treated as a partnership or a disregarded entity for U.S. federal income tax purposes, distributions to the Lead Borrower’s equity owners in an aggregate amount equal to the
product of (A) the taxable income of the Lead Borrower for such taxable period, reduced by any taxable loss with respect to any prior taxable period ending after the Fourth Restatement Effective Date (not previously taken into account in
determining permitted tax distributions under this clause (i)) to the extent such taxable loss would have been deductible by the equity owners against such taxable income if such loss had been incurred in the taxable period in question (assuming
that the equity owners have no items of income, gain, loss, deduction or credit other than through the Lead Borrower) and (B) the highest combined marginal U.S. federal, state and local income and Medicare tax rate applicable to any equity
owner (for the avoidance of doubt, including indirect equity owners whose ownership is through one or more “flow through” entities) of the Lead Borrower for such taxable period (taking into account the character of the taxable income in
question (long term capital gain, qualified dividend income, etc.) and the deductibility of state and local income taxes for U.S. federal income tax purposes (and any applicable limitation thereon)); 

(j) the Lead Borrower may make Restricted Payments to any direct or indirect parent of the Lead Borrower to pay
(i) amounts equal to the fees and expenses (including franchise and similar Taxes) required to maintain the existence of any direct or indirect parent or holding company of the Lead Borrower, the customary salary, bonus and other benefits
(including indemnification, insurance and insurance premiums) payable to, and indemnities provided on behalf of, officers and employees of any direct or indirect parent or holding company of the Lead Borrower, if applicable, and the general
corporate operating and overhead expenses of any such direct or indirect parent or holding company of the Lead Borrower, if applicable, in each case to the extent such fees, expenses, salaries, bonuses, benefits and indemnities are attributable to
the ownership or operation of the Lead Borrower and its Subsidiaries; (ii) for the avoidance of doubt, subject to Section 7.07, to pay, if applicable, amounts equal to amounts required for any direct or indirect parent of the Lead
Borrower, to pay interest and/or principal on Indebtedness the proceeds of which have been permanently contributed to the Lead Borrower or any of its Restricted Subsidiaries; (iii) amounts necessary to pay customary and reasonable costs and
expenses of financings, acquisitions or offerings of securities of any direct or indirect parent of such Borrower that are not consummated; (iv) costs (including all professional fees and expenses) incurred by any direct or indirect parent of
the Lead Borrower in connection with reporting obligations under or otherwise incurred in connection with compliance with applicable laws, rules or regulations of any governmental, regulatory or self-regulatory body or stock exchange, the indenture
or any other agreement or instrument relating to Indebtedness of the Lead Borrower or any Restricted Subsidiary; 

  
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(v) customary expenses incurred by any direct or indirect parent of the Lead Borrower in connection with any public offering or other sale of Equity Interests or Indebtedness: (A) where the
net proceeds of such offering or sale are intended to be received by or contributed to the Lead Borrower or a Restricted Subsidiary, (B) in a pro-rated amount of such expenses in proportion to the amount
of such net proceeds intended to be so received or contributed, or (C) otherwise on an interim basis prior to completion of such offering so long as direct or indirect parent of a Borrower shall cause the amount of such expenses to be repaid to
the Lead Borrower or the relevant Restricted Subsidiary out of the proceeds of such offering promptly if completed; (vi) for the avoidance of doubt, subject to Section 7.07, to make payments in respect of interest, principal and other
amounts in connection with any Indebtedness, the proceeds of which are permanently contributed to the Lead Borrower (including any Permitted Refinancing thereof); and (vii) to permit any direct or indirect parent to pay any amounts required to
be paid by it in connection with or related to its ownership of the Lead Borrower and its Restricted Subsidiaries; 
 (k)
[Reserved]; 
 (l) Restricted Payments made with the proceeds of substantially concurrent Excluded Contributions; 

(m) Restricted Payments to any direct or indirect parent of the Lead Borrower to pay fees and expenses of any direct or
indirect parent of the Lead Borrower (other than fees and expenses owned to Affiliates of the Lead Borrower) related to any unsuccessful equity or debt offering of such parent; 

(n) the distribution, as a dividend or otherwise, of shares of Equity Interests of, or Indebtedness owed to the Lead Borrower
or a Restricted Subsidiary of the Lead Borrower by, Unrestricted Subsidiaries or Excluded Property; 
 (o) purchases of
receivables pursuant to a Receivables Repurchase Obligation, the payment or distribution of fees, sales, contributions and other transfers of and purchases of assets pursuant to repurchase obligations, in each case in connection with a Qualified
Receivables Financing; and 
 (p) distributions required in connection with a Qualified Real Estate Financing Facility. 

7.07 Prepayments of Indebtedness. Prepay, redeem, purchase, defease or otherwise satisfy prior to the scheduled maturity thereof
in any manner any Indebtedness (other than the Obligations or Indebtedness between Loan Parties), or make any payment in violation of any subordination terms of any Subordinated Indebtedness, except (a) payments in respect of the Obligations,
(b) regularly scheduled or mandatory repayments, repurchases, redemptions or defeasances of Permitted Indebtedness (other than Subordinated Indebtedness), (c) repayments and prepayments of Subordinated Indebtedness in accordance with and
subject to the subordination terms thereof, (d) voluntary prepayments, repurchases, redemptions, defeasances or other satisfaction of Permitted Indebtedness as long as the Payment Conditions are satisfied, (e) Permitted

  
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Refinancings of any Indebtedness, and (f) the conversion of any Indebtedness to Equity Interests (other than Disqualified Stock) of a Borrower or any other direct or indirect parent of a
Borrower or the repayment of Indebtedness with the proceeds of an issuance of Equity Interests (other than Disqualified Stock or Preferred Stock) of the Lead Borrower or any other direct or indirect parent of the Lead Borrower. 

7.08 Change in Nature of Business. Engage in any material line of business other than a Similar Business. 

7.09 Transactions with Affiliates. Directly or indirectly: 

(a) Purchase, acquire or lease any property from, or sell, transfer or lease any property to, any officer, shareholder,
director or other Affiliate of the Lead Borrower or any Restricted Subsidiary involving aggregate consideration in excess of $50,000,000 for a single transaction or series of related transactions, except: 

(i) on fair and reasonable terms that are not materially less favorable to the Lead Borrower and its Restricted Subsidiaries,
taken as a whole, as would be obtainable by the Lead Borrower or its Restricted Subsidiaries with a Person other than an Affiliate at the time of such transaction (or, if earlier, at the time such transaction is contractually agreed); 

(ii) Real Estate leased by the Lead Borrower and its Restricted Subsidiaries from the Real Estate Subsidiaries; 

(iii) Real Estate leased by the Lead Borrower and its Restricted Subsidiaries from the Equity Investors (or their Affiliates)
on the Fourth Restatement Effective Date; 
 (iv) Permitted Dispositions and Permitted Investments; 

(v) transactions between or among the Lead Borrower and its Restricted Subsidiaries or any Person that becomes a Restricted
Subsidiary or is merged or consolidated with a Restricted Subsidiary as a result of such transaction; 
 (vi)
[Reserved]; 
 (vii) transactions for which the board of directors has received a written opinion from an Independent
Financial Advisor to the effect that the financial terms of such transaction are fair, from a financial standpoint, to the Albertson’s Group or not less favorable to the Albertson’s Group than could reasonably be expected to be obtained at
the time in an arm’s-length transaction with a Person who was not an Affiliate; 

  
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 (viii) any agreement (other than with Equity Investors) as in effect as of
the Fourth Restatement Effective Date and set forth on Schedule 7.09 or any amendment thereto (so long as any such agreement together with all amendments thereto, taken as a whole, is not more disadvantageous to the Lenders in any material
respect than the original agreement as in effect on the Fourth Restatement Effective Date) or any transaction contemplated thereby; 

(ix) (i) the issuance of Equity Interests (other than Disqualified Stock) of a Borrower to any director, officer, employee or
consultant thereof, (ii) the issuance of the Equity Interests of the Lead Borrower and the granting of registration rights and other customary rights in connection therewith or (iii) any contribution to the capital of the Lead Borrower or
any Restricted Subsidiary, as applicable; 
 (x) (x) transactions with Affiliates that are customers, clients, suppliers or
purchasers or sellers of goods or services, in each case in the ordinary course of business and otherwise in compliance with the terms of this Agreement, which are fair to the Albertson’s Group in the reasonable determination of the board of
directors or the senior management of the Lead Borrower, and are on terms at least as favorable as might reasonably have been obtained at such time from an unaffiliated party and (y) transactions with joint ventures and Unrestricted
Subsidiaries in the ordinary course of business; 
 (xi) the existence of, or the performance by the Albertson’s Group
of its obligations under the terms of any stockholders agreement (including any registration rights agreement or purchase agreement related thereto) to which it is a party as of the Fourth Restatement Effective Date and any amendment thereto or
similar agreements which it may enter into thereafter; provided, however, that the existence of, or the performance by the Albertson’s Group of its obligations under any future amendment to any such existing agreement or under any
similar agreement entered into after the Fourth Restatement Effective Date shall only be permitted by this clause (xi) to the extent that the terms of any such existing agreement together with all amendments thereto, taken as a whole, or new
agreement are not otherwise more disadvantageous to the Lenders in any material respect than the original agreement as in effect on the Fourth Restatement Effective Date; 

(xii) transactions between the Loan Parties or any of their Restricted Subsidiaries and any Person that is an Affiliate solely
due to the fact that a director of such Person is also a director of the Lead Borrower or any other direct or indirect parent of a Borrower; provided, however, that such director abstains from voting as a director of such Borrower or
such direct or indirect parent of such Borrower, as the case may be, on any matter involving such other Person; 
 (xiii)
[Reserved]; 
 (xiv) transactions pursuant to Sections 7.04 and 7.06; 

(xv) [Reserved]; 

  
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 (xvi) [Reserved]; 

(xvii) pledges of Equity Interests of Unrestricted Subsidiaries; 

(xviii) transactions entered into in good faith which provide for shared employees, services and/or facilities arrangements and
which provide cost savings and/or other operational efficiencies; 
 (xix) [Reserved]; 

(xx) [Reserved]; 

(xxi) any purchases by the Lead Borrower’s Affiliates of Indebtedness or Disqualified Stock of a Borrower or any of its
Restricted Subsidiaries the majority of which Indebtedness or Disqualified Stock is purchased by Persons who are not the Lead Borrower’s Affiliates; provided that such purchases by the Lead Borrower’s Affiliates are on the same terms as
such purchases by such Persons who are not the Lead Borrower’s Affiliates; 
 (xxii) transactions contractually agreed
to between an Unrestricted Subsidiary with an Affiliate prior to the day such Unrestricted Subsidiary is redesignated as a Restricted Subsidiary and not entered into in contemplations thereof; and 

(xxiii) transactions permitted by clause (b) below. 

(b) make any payments (whether by dividend, loan or otherwise) to any officer, shareholder, director or other Affiliate of a
Borrower or any Restricted Subsidiary in excess of $50,000,000 for a single payment or series of related payments, including, without limitation, on account of management, consulting or other fees for management or similar services, or pay or
reimburse expenses incurred by any officer, shareholder, director or other Affiliate of such Borrower or such Restricted Subsidiary, except: 

(i) reasonable compensation to, and indemnity provided on behalf of, current, former and future officers, employees and
directors for services rendered to such Borrower or such Restricted Subsidiary in the ordinary course of business (including the issuances of securities or other payments, awards or grants in cash, securities or otherwise pursuant to, or the funding
of, employment arrangements, stock option and stock ownership plans or similar employee benefit plans approved by the Board of Directors of any direct or indirect parent of a Borrower or of a Restricted Subsidiary, as appropriate, in good faith);

 (ii) [Reserved]; 

  
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 (iii) payments by such Borrower or a Restricted Subsidiary to Equity
Investors or an Affiliate of Equity Investors for the reasonable out-of-pocket costs of actual and necessary reasonable out-of-pocket legal and accounting, insurance, marketing financial and similar types of services paid for by Equity Investors or such Affiliate on behalf of such Borrower or a Restricted Subsidiary; 

(iv) any payments required to be made pursuant to an agreement (other than with Equity Investors ) as in effect as of the
Fourth Restatement Effective Date and listed on Schedule 7.09, or any amendment thereto (so long as any such agreement together with all amendments thereto, taken as a whole, is not more disadvantageous to the Lenders in any material respect
than the original agreement as in effect on the Fourth Restatement Effective Date) or any transaction contemplated thereby; 

(v) [Reserved]; 

(vi) amounts payable pursuant to employment and severance arrangements between Albertson’s Group and their respective
current, former and future officers and employees in the ordinary course of business and transactions pursuant to stock option plans and employee benefit plans and arrangements in the ordinary course of business and payments or loans (or
cancellation of loans) to employees or consultants in the ordinary course of business which are approved by a majority of the Board of Directors of the Lead Borrower in good faith; 

(vii) payments by the Albertson’s Group to the Equity Investors made for any financial advisory, financing, underwriting
or placement services or in respect of other investment banking activities, including, without limitation, in connection with acquisitions or divestitures, which payments are approved by a majority of the Board of Directors of the Lead Borrower or
any other direct or indirect parent of the Lead Borrower in good faith; 
 (viii) (A) the entering into of any agreement (and
any amendment or modification of any such agreement) to pay, and the payment of, annual management, consulting, monitoring and advisory fees to the Equity Investors in an aggregate amount in any Fiscal Year not to exceed the greater of (x)
$75,000,000 and (y) 3.0% of Consolidated EBITDA for such Fiscal Year, plus all out-of-pocket reasonable expenses incurred by the Equity Investors or any of its
Affiliates in connection with the performance of management, consulting, monitoring, advisory or other services with respect to the Albertson’s Group; provided that such amounts may accrue, but shall not be paid, after the occurrence and
during the continuation of a Dominion Trigger Event and (B) the payment to Equity Investors or an Affiliate of Equity Investors for the reasonable out-of-pocket
costs of actual and necessary reasonable out-of-pocket legal, accounting, insurance, marketing, financial and similar types of services paid for by Equity Investors or
such Affiliate on behalf of the Albertson’s Group; 
 (ix) [Reserved]; 

  
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 (x) [Reserved]; 

(xi) payments resulting from transactions for which the board of directors has received a written opinion from an Independent
Financial Advisor to the effect that the financial terms of such transaction are fair, from a financial standpoint, to the Albertson’s Group or not less favorable to the Albertson’s Group than could reasonably be expected to be obtained at
the time in an arm’s-length transaction with a Person who was not an Affiliate; 

(xii) payments permitted pursuant to Section 7.02 and 7.06 and, in the case of Section 7.06(i), the entering into of
any tax sharing agreement or arrangement with respect to any such payments; 
 (xiii) sales and purchase arrangements, joint
purchasing arrangements and other service agreements in the ordinary course of business between, on the one hand, the Lead Borrower and its Restricted Subsidiaries and, on the other hand, any Person under common control with the Lead Borrower and
its Subsidiaries, for the sale and purchase, at cost, of inventory, equipment and supplies, and leases between such Persons and the Lead Borrower or any of its Restricted Subsidiaries and are on terms at least as favorable as might reasonably have
been obtained at such time from an unaffiliated party; 
 (xiv) payments between or among the Lead Borrower and its
Restricted Subsidiaries; and 
 (xv) payments pursuant to any agreement, arrangement or transaction permitted under clause
(a) above. 
 7.10 Burdensome Agreements. Enter into or permit to exist any Contractual Obligation (other than this
Agreement or any other Loan Document) that (a) limits the ability (i) of any Restricted Subsidiary to make Restricted Payments or other distributions to any Loan Party or to otherwise transfer property to or invest in a Loan Party,
(ii) of any Loan Party to Guarantee the Obligations, (iii) of any Restricted Subsidiary to make or repay loans to a Loan Party, or (iv) of the Loan Parties or any Restricted Subsidiary to create, incur, assume or suffer to exist Liens
on property of such Person in favor of the Collateral Agent; or (b) requires the grant of a Lien to secure an obligation of such Person if a Lien is granted to secure another obligation of such Person, other than, in each case,
(i) customary provisions restricting subletting or assignment of any lease governing a leasehold interest of such Loan Party or any Restricted Subsidiary, (ii) customary restrictions on dispositions of real property interests found in
reciprocal easement agreements of such Loan Party or any Restricted Subsidiary, (iii) any provision in an agreement for a Disposition permitted hereunder that limits the transfer of or the imposition of any Lien on the assets to be disposed of
thereunder, (iv) any provision in an agreement relating to Permitted Indebtedness described in clauses (a), (c), (g) and (o)of the definition thereof that restricts Liens on property financed by or securing such Indebtedness, (v) any other
provision in any agreement relating to Permitted Indebtedness (except that this proviso shall not apply to contractual restrictions described in clause (a)(iv) or (b) above (other than with respect to clause (b), restrictions contained

  
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in any Future CF Debt)), (vi) any encumbrance or restriction contained in any agreement of a Person acquired in a Permitted Investment, which encumbrance or restriction was in existence at the
time of such Permitted Investment (but not created in connection therewith or in contemplation thereof) and which encumbrance or restriction is not applicable to any Person or the properties or assets of any Person, other than the Person or the
property and assets of the Person so acquired, (vii) customary provisions in joint venture agreements and other similar agreements applicable to joint ventures to the extent such joint ventures are permitted hereunder, (viii) contractual
obligations in existence on the Fourth Restatement Effective Date and the extension or continuation thereof, provided that any such encumbrances or restrictions contained in such extension or continuation are no less favorable to the Agents
and Lenders than those encumbrances and restrictions under or pursuant to the contractual obligations so extended or continued, (ix) customary restrictions pursuant to any Qualified Receivables Financing, (x) [reserved], (xi) represent
Indebtedness of a Restricted Subsidiary of the Lead Borrower which is not a Loan Party which is permitted by Section 7.03 to the extent applying only to such Restricted Subsidiary, (xii) are negative pledges and restrictions on Liens in
favor of any holder of Indebtedness permitted under clauses (c), (g) and (u) of the definition of Permitted Indebtedness but solely to the extent any negative pledge relates to the property financed by such Indebtedness, (xiii) are
restrictions on cash or other deposits imposed by customers under contracts entered into in the ordinary course of business or (xiv) arise in connection with cash or other deposits permitted under clauses (c), (d), (t), (u), (w), (z) or (aa) of
the definition of Permitted Encumbrances or clauses (a), (i) and (k) of the definition of Permitted Investments and in all instances limited to such cash or deposit. 

7.11 Use of Proceeds. Use the proceeds of any Credit Extension, whether directly or indirectly, and whether immediately,
incidentally or ultimately, (a) to purchase or carry margin stock (within the meaning of Regulation U of the FRB) in violation of Regulation U of the FRB or to extend credit to others for the purpose of purchasing or carrying margin stock in
violation of Regulation U of the FRB or to refund Indebtedness originally incurred for such purpose or (b) for any purposes other than for working capital purposes (including the purchase of Inventory), general corporate purposes (including
Permitted Acquisitions and other Investments) and any other purpose not prohibited by the terms of this Agreement. 
 7.12
Amendment of Material Documents. 
 (a)(i) Amend, modify or waive any of a Loan Party’s rights under its Organization Documents
in a manner materially adverse to the Credit Parties; or (ii) amend, modify or waive any document governing any Material Indebtedness (other than on account of any Permitted Refinancing) to the extent that such amendment, modification or waiver
would result in a Default or Event of Default under any of the Loan Documents or would be reasonably likely to have a Material Adverse Effect. 

(b) Amend, modify or waive the Transition Services Agreement to the extent that such amendment, modification or waiver would result in a
Default or Event of Default or would reasonably be expected to have a Material Adverse Effect. 

  
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 7.13 Fiscal Year/Quarter. Change the Fiscal Year or Quarterly Accounting Periods of
any Loan Party, or the accounting policies or reporting practices of the Loan Parties, except as required by GAAP; provided, however, that the Loan Parties may, upon written notice to the Agent from the Lead Borrower, change their Quarterly
Accounting Periods and Fiscal Year to any other quarterly accounting periods and fiscal year reasonably acceptable to the Administrative Agent, in which case the Lead Borrower and the Administrative Agent will, and are hereby authorized by the
Lenders to, make any adjustments to this Agreement that are necessary to reflect such changes. 
 7.14 Deposit Accounts; Credit
Card Processors. (a) Open new DDAs or Blocked Accounts unless the Loan Parties shall have delivered to the Administrative Agent appropriate Blocked Account Agreements consistent with the provisions of, and to the extent required by,
Section 6.12 and otherwise reasonably satisfactory to the Administrative Agent, or (b) enter into any agreements with Credit Card Processor other than the ones expressly contemplated herein or in Section 6.12 hereof unless the Loan
Parties shall have delivered to the Administrative Agent appropriate Credit Card Notifications consistent with the provisions of Section 6.12 and reasonably satisfactory to the Administrative Agent. 

7.15 [Reserved]. 

7.16 Consolidated Fixed Charge Coverage Ratio. The Borrowers will not permit the Consolidated Fixed Charge Coverage Ratio for
any Measurement Period to be lower than 1.00 to 1.00; provided that such Consolidated Fixed Charge Coverage Ratio will only be tested upon the occurrence of a Covenant Trigger Event, as of the last day of the Measurement Period ending
immediately prior to the date on which such Covenant Trigger Event shall have occurred and shall continue to be tested as of the last day of each Measurement Period thereafter until such Covenant Trigger Event is no longer continuing;
provided further that the results of operation and indebtedness of any Unrestricted Subsidiaries shall not be taken into account for purposes of compliance with this Section 7.16. 

ARTICLE VIII 
 EVENTS OF
DEFAULT AND REMEDIES 
 8.01 Events of Default. The occurrence and continuance of any of the following (after giving
effect to the giving of any notice or any passage of time or both, if any, specified below with respect to such event or condition) shall constitute an Event of Default: 

(a) Non-Payment. The Borrowers or any other Loan Party fails to pay when and as
required to be paid herein, (i) any amount of principal of any Loan or any L/C Obligation, or deposit any funds as Cash Collateral in respect of L/C Obligations, or (ii) any interest on any Loan or other Obligation or fee due hereunder, or
any other amount payable hereunder or under any other Loan Document, and such failure under this clause (ii) continues for five (5) Business Days after the payment was due; or 

  
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 (b) Specific Covenants. (i) Any Loan Party fails to perform or
observe any term, covenant or agreement contained in any of Sections 6.03, 6.05(a), 6.07, 6.10, 6.11, or 6.12 or Article VII or (ii) any Loan Party fails to perform or observe any term, covenants of agreement contained in Section 6.02(b)
and such failure continues unremedied for three (3) consecutive Business Days (or one (1) Business Day if an Accelerated Borrowing Base Delivery Event has occurred and is continuing); or 

(c) Other Defaults. Any Loan Party fails to perform or observe any other covenant or agreement (not specified in
subsection (a) or (b) above) contained in any Loan Document on its part to be performed or observed and such failure continues for 30 days after the earlier of the date such Loan Party obtains knowledge of a breach of any such covenant or
agreement or the Lead Borrower’s receipt of notice from the Administrative Agent of any such breach; or 
 (d)
Representations and Warranties. Any representation, warranty, certification or statement of fact made or deemed made by or on behalf of any Borrower or any other Loan Party herein, in any other Loan Document, or in any document delivered in
connection herewith or therewith (including, without limitation, any Borrowing Base Certificate) shall be incorrect or misleading in any material respect (or, if already subject to qualification by materiality, in any respect) when made or deemed
made; or 
 (e) Cross-Default. Any Loan Party (i) fails to make any payment when due (whether by scheduled
maturity, required prepayment, acceleration, demand, or otherwise) in respect of any Material Indebtedness (after giving effect to the expiration of any applicable grace periods), or (ii) after the expiration of all grace periods relating
thereto, fails to observe or perform any other agreement or condition relating to any such Material Indebtedness or contained in any instrument or agreement evidencing, securing or relating thereto, or any other event occurs (after giving effect to
the expiration of any applicable grace periods), the effect of which default or other event is to cause, or to permit the holder or holders of such Material Indebtedness or the beneficiary or beneficiaries of any Guarantee thereof (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, such Indebtedness to be demanded or to become due or to be repurchased, prepaid, defeased or redeemed (automatically or
otherwise), or an offer to repurchase, prepay, defease or redeem such Indebtedness to be made, prior to its stated maturity, or such Guarantee to become payable or cash collateral in respect thereof to be demanded; or (iii) there occurs under
any Swap Contract an Early Termination Date (as defined in such Swap Contract or such similar term used) resulting from (A) any event of default under such Swap Contract as to which a Loan Party is the Defaulting Party (as defined in such Swap
Contract) or (B) any Termination Event (as so defined) under such Swap Contract as to which a Loan Party is an Affected Party (as so defined or such similar term used) and, in either event, the Swap Termination Value owed by the Loan Party as a
result thereof is greater than $150,000,000; or 

  
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 (f) Insolvency Proceedings, Etc. Any Loan Party 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, trustee, custodian, conservator, liquidator, rehabilitator
or similar officer for it or for all or any material part of its property; or a proceeding shall be commenced or a petition filed, without the application or consent of such Person, seeking or requesting the appointment of any receiver, trustee,
custodian, conservator, liquidator, rehabilitator or similar officer is appointed and the appointment continues undischarged, undismissed or unstayed for 60 calendar days or an order or decree approving or ordering any of the foregoing shall be
entered; 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 60 calendar days, or an
order for relief is entered in any such proceeding; or 
 (g) Inability to Pay Debts; Attachment. (i) Any Loan
Party becomes unable or admits in writing its inability or fails generally to pay its debts as they become due in the ordinary course of business, 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 any such Person and is not released, vacated or fully bonded within 30 days after its issuance or levy; or 

(h) Judgments. There is entered against any Loan Party (i) one or more final judgments or orders for the payment of
money in an aggregate amount (as to all such judgments and orders) exceeding $150,000,000 and such judgments or orders shall continue unsatisfied or unstayed for a period of 30 consecutive days (to the extent not covered by independent third-party
insurance as to which the insurer is rated at least “A” by A.M. Best Company, has been notified of the potential claim and does not dispute coverage; it being agreed that a “reservation of rights letter” or similar notice shall
not in and of itself constitute a dispute of coverage), or (ii) any one or more non-monetary judgments that have, or could reasonably be expected to have, individually or in the aggregate, a Material
Adverse Effect and, in either case, (A) enforcement proceedings are commenced by any creditor upon such judgment or order, or (B) such judgment or order, by reason of a pending appeal or otherwise, shall not have been satisfied, vacated,
discharged, stayed or bonded for a period of 30 consecutive days; or 
 (i) ERISA. (i) An ERISA Event shall occur
with respect to a Pension Plan or Multiemployer Plan which has resulted in or could reasonably be expected to result in liability of any Loan Party under Title IV of ERISA to a Pension Plan, Multiemployer Plan or the PBGC which would be reasonably
likely 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 which would be reasonably likely to result in a Material Adverse Effect; or 

(j) Invalidity of Loan Documents. (i) Any material provision of any Loan Document, at any time after its execution
and delivery and for any reason other than as expressly permitted hereunder or thereunder, ceases to be in full force and effect; or any Loan Party contests in any manner the validity or enforceability of any material provision of any Loan Document;
or any Loan Party denies that it has any or further liability or 

  
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obligation under any material provision of any Loan Document, or purports to revoke, terminate or rescind any material provision of any Loan Document or seeks to avoid, limit or otherwise
adversely affect any Lien purported to be created under any Security Document; or (ii) any Lien purported to be created under any Security Document shall cease to be (other than pursuant to the terms thereof), or shall be asserted by any Loan
Party or any other Person not to be, a valid and perfected Lien on any Collateral (other than an immaterial portion of the Collateral not of the type included in the Borrowing Base), with the priority required by the applicable Security Document; or

 (k) Change of Control. There occurs any Change of Control; or 

(l) Cessation of Business. Except as otherwise expressly permitted hereunder, the Loan Parties, taken as a whole, shall
take any action to liquidate all or substantially all of their personal property assets utilized in the operation of their Stores, or employ an agent or other third party to conduct a program of closings, liquidations or “Going-Out-Of-Business” sales of its retail business; or 

(m) Guaranty. The termination or attempted termination of any Facility Guaranty except as expressly permitted hereunder
or under any other Loan Document. 
 8.02 Remedies Upon Event of Default. If any Event of Default occurs and is continuing,
the Administrative Agent may, or, at the request of the Required Lenders shall, take any or all of the following actions: 

(a) declare the Commitments of each Lender to make Loans and any obligation of each L/C Issuer to make L/C Credit Extensions to
be terminated, whereupon such Commitments and obligation 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 Loan Parties; 
 (c) require that the Loan Parties Cash Collateralize the L/C
Obligations; and 
 (d) whether or not the maturity of the Obligations shall have been accelerated pursuant hereto, proceed
to protect, enforce and exercise all rights and remedies of the Credit Parties under this Agreement, any of the other Loan Documents or Law, including, but not limited to, by suit in equity, action at law or other appropriate proceeding, whether for
the specific performance of any covenant or agreement contained in this Agreement and the other Loan Documents or any instrument pursuant to which the Obligations are evidenced, and, if such amount shall have become due, by declaration or otherwise,
proceed to enforce the payment thereof or any other legal or equitable right of the Credit Parties; 

  
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 provided, however, that upon the entry of an order for relief (or similar order) with respect
to any Loan Party or any Restricted Subsidiary thereof under any Debtor Relief Laws, the obligation of each Lender to make Loans and any obligation of each L/C Issuer to make L/C Credit Extensions 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, and the obligation of the Loan Parties to Cash Collateralize the L/C Obligations as aforesaid shall automatically become
effective, in each case without further act of the Administrative Agent or any Lender. 
 No remedy herein is intended to be exclusive of
any other remedy and each and every remedy shall be cumulative and shall be in addition to every other remedy given hereunder or now or hereafter existing at law or in equity or by statute or any other provision of Law. 

8.03 Application of Funds. After the exercise of remedies provided for in Section 8.02 (or after the Loans have
automatically become immediately due and payable and the L/C Obligations have automatically been required to be Cash Collateralized as set forth in the proviso to Section 8.02), subject to the Intercreditor Agreement but notwithstanding
anything to the contrary contained in this Agreement or any other Loan Document, any amounts (including cash, equity securities, debt securities or any other property; provided that if any such amounts are not in the form of cash, then the
amount of such securities or other property applied to each of clauses First through Last below shall be an amount with a fair market value equal to the stated amount required to be applied pursuant to each such clause) received on
account of the Obligations or in consideration of any waiver of any rights to receive any payment of the Obligations (whether received as a consequence of the exercise of such remedies or as a distribution out of any proceeding in respect of or
commenced under any proceeding under any Debtor Relief Laws including payments in respect of “adequate protection” for the use of Collateral during such proceeding or under any plan of reorganization under any Debtor Relief Laws or on
account of any liquidation of any Loan Party) shall be turned over to the Administrative Agent (to the extent not received directly by the Administrative Agent) and shall be applied by the Administrative Agent in the following order (irrespective of
when such amounts were incurred or accrued or whether any such amounts are allowed claims in any such proceeding under any Debtor Relief Laws); 

First, to payment of that portion of the Obligations (excluding the Other Liabilities) constituting fees, indemnities,
expenses and other amounts payable under Section 10.04 (including fees, charges and disbursements of counsel to the Administrative Agent and the Collateral Agent and amounts payable under Article III) payable to the Administrative Agent and the
Collateral Agent, each in its capacity as such; 
 Second, to payment of that portion of the Obligations (excluding
the Other Liabilities) constituting indemnities, expenses and other amounts (other than principal, interest and fees) payable to the Lenders and each L/C Issuer (including amounts payable under Section 10.04 to the respective Lenders and each
L/C Issuer and amounts payable under Article III), ratably among them in proportion to the amounts described in this clause Second payable to them; 

  
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 Third, (i) to the extent not previously reimbursed by the
Lenders, to payment to the Administrative Agent of that portion of the Obligations constituting principal and accrued and unpaid interest on any Permitted Overadvances and (ii) to the payment of all 2037 ASC Debentures Obligations; 

Fourth, to the extent that Swing Line Loans have not been refinanced by a Revolving Loan, payment to the Swing Line
Lender of that portion of the Obligations constituting accrued and unpaid interest on the Swing Line Loans; 
 Fifth,
to the extent that Swing Line Loans have not been refinanced by a Revolving Loan, to payment to the Swing Line Lender of that portion of the Obligations constituting unpaid principal of the Swing Line Loans; 

Sixth, to payment of that portion of the Obligations constituting accrued and unpaid interest on the Revolving Loans and
L/C Borrowings, and fees in respect of the Revolving Commitments and Letters of Credit, ratably among the Lenders and each L/C Issuer in proportion to the respective amounts described in this clause Sixth payable to them; 

Seventh, to payment of that portion of the Obligations constituting unpaid principal of the Revolving Loans and L/C
Borrowings, ratably among the Lenders and each L/C Issuer in proportion to the respective amounts described in this clause Seventh held by them; 

Eighth, to the Administrative Agent for the account of the applicable L/C Issuers, to Cash Collateralize that portion of
L/C Obligations comprised of the aggregate undrawn amount of Letters of Credit; 
 Ninth, to payment of that portion
of the Obligations arising from Designated Cash Management Services up to the amount of any related Cash Management Reserves, ratably among the Credit Parties in proportion to the respective amounts described in this clause Ninth held by
them; 
 Tenth, to payment of all other Obligations arising from Designated Bank Products up to the amount of any
related Bank Product Reserves, ratably among the Credit Parties in proportion to the respective amounts described in this clause Tenth held by them; 

Eleventh, to payment of that portion of the Obligations constituting accrued and unpaid interest and fees on the
FILO Loans, ratably among the Lenders in proportion to the respective amounts described in this clause Eleventh payable to them; 

Twelfth, to payment of that portion of the Obligations constituting unpaid principal of the FILO Loans, ratably among
the Lenders in proportion to the respective amounts described in this clause Twelfth held by them; 

  
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 Thirteenth, to payment of all other Obligations (including without
limitation the cash collateralization of unliquidated indemnification obligations as provided in Section 10.04(b), but excluding any Other Liabilities), ratably among the Credit Parties in proportion to the respective amounts described in this
clause Thirteenth held by them; 
 Fourteenth, to payment of that portion of the Obligations arising from Cash
Management Services (including in respect of Designated Cash Management Services to the extent in excess of any related Cash Management Reserves), ratably among the Credit Parties in proportion to the respective amounts described in this clause
Fourteenth held by them; 
 Fifteenth, to payment of that portion of the Obligations arising from Bank Products
(including in respect of Designated Bank Products to the extent in excess of any related Bank Product Reserves), ratably among the Credit Parties in proportion to the respective amounts described in this clause Fifteenth held by them; 

Last, the balance, if any, after all of the Obligations and the 2037 ASC Debenture Obligations have been indefeasibly
paid in full, to the Loan Parties or as otherwise required by Law. 
 Subject to Section 2.03(c), amounts used to Cash Collateralize
the aggregate undrawn amount of Letters of Credit pursuant to clause Eighth above shall be applied to satisfy drawings under such Letters of Credit as they occur. If any amount remains on deposit as Cash Collateral after all Letters of Credit
have either been fully drawn or expired, such remaining amount shall be applied to the other Obligations, if any, in the order set forth above. 

All payments required to be made pursuant to the foregoing provisions in respect of the 2037 ASC Debentures Obligations shall be paid to or at
the direction of the trustee under the ASC Indenture. If at any time any moneys collected or received by the Administrative Agent are distributable to the trustee under the ASC Indenture, and if such trustee shall notify the Administrative Agent in
writing that no provision is made under the ASC Indenture for the application by such trustee of such moneys (whether because the ASC Indenture does not effectively provide that amounts are due and payable or otherwise) and that the ASC Indenture
does not effectively provide for the receipt and the holding by such trustee of such moneys pending the application thereof, then the Administrative Agent, after receipt of such moneys pending the application thereof, and receipt of such
notification, shall at the direction of the trustee under the ASC Indenture, invest such amounts in Cash Equivalents maturing within 90 days after they are acquired by the Administrative Agent or, in the absence of such direction, hold such moneys
uninvested and shall hold all such amounts so distributable and all such investments and the net proceeds thereof in trust solely for the trustee under the ASC Indenture (in its capacity as trustee) and for no other purpose until such time as such
trustee shall request in writing the delivery thereof by the Administrative Agent for application pursuant to the 2037 ASC Debentures. The Administrative Agent shall not be responsible for any diminution in funds resulting from any such investment
or any liquidation or any liquidation thereof prior to maturity. 
 The parties to each Loan Document (including each Loan Party)
irrevocably agree that this Agreement (including the provisions of this Section 8.03) constitutes a “subordination agreement” within the meaning of both New York law and Section 510(a) of the Bankruptcy Code, and that the terms
hereof will survive, and will continue in full force and effect and be binding upon each of the parties hereto, in any proceeding under any Debtor Relief Laws. 

  
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 8.04 Cure Rights. 

(a) Notwithstanding anything to the contrary contained in this Article VIII, in the event that the Borrowers fail to comply with the
requirements of Section 7.16 with respect to any Measurement Period for which such covenant is required to be tested, until the expiration of the 10th day subsequent to the later of (x) the first day of the applicable Covenant Trigger
Event or (y) the date the certificate calculating the Consolidated Fixed Charge Coverage Ratio for such Measurement Period is required to be delivered pursuant to Section 6.01(e) (the “Cure Expiration Date”), the Lead
Borrower shall have the right to issue Permitted Cure Securities for cash or otherwise receive cash contributions (collectively, the “Cure Right”), and upon receipt by the Lead Borrower of such cash in return for its Permitted Cure
Securities and the contribution of such proceeds to a Borrower, as applicable, (the “Cure Amount”) pursuant to the exercise by the Lead Borrower of such Cure Right, the Consolidated Fixed Charge Coverage Ratio under
Section 7.16 shall be recalculated giving effect to the following pro forma adjustments: 
 (i) Consolidated EBITDA of
the last Quarterly Accounting Period of such Measurement Period shall be increased for such Measurement Period and any subsequent Measurement Period that contains such Quarterly Accounting Period, solely for the purpose of measuring the Consolidated
Fixed Charge Coverage Ratio under Section 7.16 and not for any other purpose under this Agreement, by an amount equal to the Cure Amount; 

(ii) if, after giving effect to the foregoing pro forma adjustments, the Borrowers shall then be in compliance with
Section 7.16, the Borrowers shall be deemed to have satisfied the requirements of Section 7.16 as of the relevant date of determination with the same effect as though there had been no failure to comply therewith at such date, and the
applicable breach or default of Section 7.16 that had occurred shall be deemed cured for purposes of this Agreement. 
 (b)
Notwithstanding anything herein to the contrary, (i) in each twelve month period there shall be at least two Quarterly Accounting Periods with respect to which the Cure Right is not exercised, (ii) there shall be no more than five Cure
Rights exercised during the term of this Agreement, (iii) the Cure Amount shall be no greater than the amount required for purposes of complying with Section 7.16 and (iv) all Cure Amounts shall be disregarded for purposes of
determining any baskets or ratios with respect to the other covenants contained in the Loan Documents. 
 (c) Notwithstanding anything to
the contrary contained in Section 8.01 and Section 8.02, (A) upon receipt of the Cure Amount (and designation thereof) by the Lead Borrower, the requirements of Section 7.16 shall be deemed satisfied and complied with as of the end of
the relevant Quarterly Accounting Period with the same effect as though there had been no failure to comply with the requirements of Section 7.16 and any Event of Default under Section 7.16 (and any other Default as a result thereof) shall
be deemed not to have occurred for purposes of the Loan Documents, and (B) neither the Administrative Agent nor any Lender may exercise any 

  
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rights or remedies under Section 8.02 (or under any other Loan Document) on the basis of any actual or purported Event of Default under Section 7.16 (and any other Default as a result
thereof) until and unless the Cure Expiration Date has occurred without the Cure Amount having been contributed and designated; provided that during the period set forth in this clause (B), an Event of Default shall nevertheless be deemed to
have occurred and be continuing for all other purposes under the Loan Documents (including restrictions on Borrowings). 
 ARTICLE IX

 ADMINISTRATIVE AGENT 

9.01 Appointment and Authority. 

(a) Each of the Lenders (in its capacities as a Lender), Swing Line Lender and each L/C Issuer hereby irrevocably appoints Bank of America to
act on its behalf as the Administrative Agent hereunder and under the other Loan Documents and authorizes the Administrative Agent to take such actions on its behalf and to exercise such powers as are delegated to the Administrative Agent by the
terms hereof or thereof, together with such actions and powers as are reasonably incidental thereto. The provisions of this Article are solely for the benefit of the Administrative Agent, the Lenders and each L/C Issuer, and no Loan Party or any
Restricted Subsidiary thereof shall have rights as a third party beneficiary of any of such provisions. It is understood and agreed that the use of the term “agent” herein or in any other Loan Documents (or any other similar term) with
reference to the Administrative Agent is not intended to connote any fiduciary or other implied (or express) obligations arising under agency doctrine of any applicable Law. Instead such term is used as a matter of market custom, and is intended to
create or reflect only an administrative relationship between contracting parties. 
 (b) Each of the Lenders (in its capacities as a
Lender), Swing Line Lender and each L/C Issuer hereby irrevocably appoints Bank of America as Collateral Agent and authorizes the Collateral Agent to act as the agent of such Lender, Swing Line Lender and L/C Issuer 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 Collateral Agent, as
“collateral agent” and any co-agents, sub-agents and attorneys-in-fact
appointed by the Collateral Agent pursuant to Section 9.05 for purposes of holding or enforcing any Lien on the Collateral (or any portion thereof) granted under the Security Documents, or for exercising any rights and remedies thereunder at
the direction of the Collateral Agent), shall be entitled to the benefits of all provisions of this Article IX and Article X, 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. 

9.02 Rights as a Lender. The Persons serving as the Agents hereunder shall have the same rights and powers in their capacity as
a Lender as any other Lender and may exercise the same as though they were not the Administrative Agent or the Collateral Agent and the term “Lender” or “Lenders” shall, unless otherwise expressly indicated or unless the context
otherwise requires, include the Person serving as the Administrative Agent or the Collateral Agent hereunder in its individual capacity. Such Person and its Affiliates may accept deposits from, lend money to, act as the financial advisor or in any
other advisory capacity for and generally engage in any kind of business with the Loan Parties or any Restricted Subsidiary or other Affiliate thereof as if such Person were not the Administrative Agent or the Collateral Agent hereunder and without
any duty to account therefor to the Lenders. 

  
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 9.03 Exculpatory Provisions. Neither the Administrative Agent nor the
Collateral Agent shall have any duties or obligations except those expressly set forth herein and in the other Loan Documents. Without limiting the generality of the foregoing, the Administrative Agent and Collateral Agent: 

(a) shall not be subject to any fiduciary or other implied duties, regardless of whether a Default has occurred and is
continuing; 
 (b) shall not 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 the Administrative Agent or the Collateral Agent, as applicable, 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 no Agent shall be required to take any action that, in its respective opinion or the opinion of its counsel, may
expose such Agent to liability or that is contrary to any Loan Document or applicable law, including for the avoidance of doubt any action that may be in violation of the automatic stay under any Debtor Relief Law or that may effect a forfeiture,
modification or termination of property of a Defaulting Lender in violation of any Debtor Relief Law; and 
 (c) shall not,
except as expressly set forth herein and in the other Loan Documents, have any duty to disclose, and shall not be liable for the failure to disclose, any information relating to the Loan Parties or any of its Affiliates that is communicated to or
obtained by the Person serving as the Administrative Agent, the Collateral Agent or any of its Affiliates in any capacity. 
 Neither the
Administrative Agent nor the Collateral Agent shall be liable for any action taken or not taken by it (i) with the consent or at the request of the Required Lenders (or such other number or percentage of the Lenders as shall be necessary, or as
such Agent shall believe in good faith shall be necessary, under the circumstances as provided in Sections 10.01 and 8.02) or (ii) in the absence of its own gross negligence or willful misconduct as determined by a final and non-appealable judgment of a court of competent jurisdiction. 
 The Agents shall not be deemed to have
knowledge of any Default unless and until notice describing such Default is given to such Agent by the Loan Parties, a Lender or an L/C Issuer. In the event that the Administrative Agent obtains such actual knowledge or receives such a notice, the
Administrative Agent shall give prompt notice thereof to each of the other Credit Parties. Upon the occurrence of an Event of Default, the Administrative Agent shall take such action with respect to such Default or Event of Default as shall be
reasonably directed by the Required Lenders. Unless and until the Administrative Agent shall have received such direction, the Administrative Agent may (but shall not be obligated to) take such action, or refrain from

  
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taking such action, with respect to any such Default or Event of Default as it shall deem advisable in the best interest of the Credit Parties. In no event shall the Administrative Agent be
required to comply with any such directions to the extent that any Administrative Agent believes that its compliance with such directions would be unlawful. 

The Agents shall not be responsible for or have any duty to ascertain or inquire into (i) any statement, warranty or representation made
in or in connection with this Agreement or any other Loan Document, (ii) the contents of any certificate, report or other document delivered hereunder or thereunder or in connection herewith or therewith, (iii) the performance or
observance of any of the covenants, agreements or other terms or conditions set forth herein or therein or the occurrence of any Default, (iv) the validity, enforceability, effectiveness or genuineness of this Agreement, any other Loan Document
or any other agreement, instrument or document or the creation, perfection or priority of any Lien purported to be created by the Security Documents, (v) the value or the sufficiency of any Collateral, or (vi) 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 Agents. 

9.04 Reliance by Agents. Each Agent shall be entitled to rely upon, and shall not incur any liability for relying upon, any
notice, request, certificate, consent, statement, instrument, document or other writing (including, but not limited to, any electronic message, Internet or intranet website posting or other distribution) believed by it to be genuine and to have been
signed, sent or otherwise authenticated by the proper Person. Each Agent also may rely upon any statement made to it orally or by telephone and believed by it to have been made by the proper Person, and shall not incur any liability for relying
thereon. In determining compliance with any condition hereunder to the making of a Loan, or the issuance of a Letter of Credit, that by its terms must be fulfilled to the satisfaction of a Lender or an L/C Issuer, the Administrative Agent may
presume that such condition is satisfactory to such Lender or an L/C Issuer unless the Administrative Agent shall have received written notice to the contrary from such Lender or an L/C Issuer prior to the making of such Loan or the issuance of such
Letter of Credit. Each Agent may consult with legal counsel (who may be counsel for any Loan Party), independent accountants and other experts selected by it, and shall not be liable for any action taken or not taken by it in accordance with the
advice of any such counsel, accountants or experts. 
 9.05 Delegation of Duties. Each Agent may perform any and all of its
duties and exercise its rights and powers hereunder or under any other Loan Document by or through any one or more sub-agents appointed by such Agent. Each Agent and any such
sub-agent may perform any and all of its duties and exercise its rights and powers by or through their respective Related Parties. The exculpatory provisions of this Article shall apply to any such sub-agent and to the Related Parties of the Agents and any such sub-agent, and shall apply to their respective activities in connection with the syndication of the credit
facilities provided for herein as well as activities as such Agent. The Administrative Agent shall not be responsible for the negligence or misconduct of any sub-agents except to the extent that a court of
competent jurisdiction determines in a final and non-appealable judgment that the Administrative Agent acted with gross negligence or willful misconduct in the selection of such
sub-agents. 

  
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 9.06 Resignation of Agents. Any Agent may at any time give written notice of
its resignation to the Lenders, each L/C Issuer and the Lead Borrower. Upon receipt of any such notice of resignation, the Required Lenders shall have the right, subject to the approval of the Lead Borrower (as long as no Event of Default then
exists), to appoint a successor, which shall be a bank with an office in the United States, or an Affiliate of any such bank with an office in the United States. If no such successor shall have been so appointed by the Required Lenders and shall
have accepted such appointment within 60 days after the retiring Agent gives notice of its resignation, then the retiring Agent may on behalf of the Lenders and each L/C Issuer with the approval of the Lead Borrower (as long as no Event of Default
then exists), appoint a successor Administrative Agent or Collateral Agent, as applicable, meeting the qualifications set forth above; provided that if the Administrative Agent or the Collateral Agent shall notify the Lead Borrower and the
Lenders that no qualifying Person has accepted such appointment within 60 days after the retiring Agent gives notices of its resignation, then such resignation shall nonetheless become effective in accordance with such notice and (1) the
retiring Agent shall be discharged from its duties and obligations hereunder and under the other Loan Documents (except that in the case of any Collateral held by the Collateral Agent on behalf of the Lenders or each L/C Issuer 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) and (2) all payments, communications and determinations provided to be made by, to or through
the Administrative Agent shall instead be made by or to each Lender and each L/C Issuer directly, until such time as the Required Lenders appoint a successor Administrative Agent as provided for above in this Section. Upon the acceptance of a
successor’s appointment as Administrative Agent or Collateral Agent, as applicable, hereunder, such successor shall succeed to and become vested with all of the rights, powers, privileges and duties of the retiring (or retired) Agent, and the
retiring Agent shall be discharged from all of its duties and obligations hereunder or under the other Loan Documents (if not already discharged therefrom as provided above in this Section). The fees payable by the Borrowers to a successor
Administrative Agent shall be the same as those payable to its predecessor unless otherwise agreed between the Lead Borrower and such successor. After the retiring Agent’s resignation hereunder and under the other Loan Documents, the provisions
of this Article and Section 10.04 shall continue in effect for the benefit of such retiring Agent, its sub-agents and their respective Related Parties in respect of any actions taken or omitted to be
taken by any of them while the retiring Agent was acting as Administrative Agent or Collateral Agent hereunder. 
 9.07 Non-Reliance on Administrative Agent and Other Lenders. Each Lender and each L/C Issuer acknowledges that it has, independently and without reliance upon the Agents or any other Lender or any of their Related
Parties and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement. Each Lender and each L/C Issuer also acknowledges that it will, independently and without
reliance upon the Agents or any other Lender or any of their Related Parties and based on such documents and information as it shall from time to time deem appropriate, continue to make its own decisions in taking or not taking action under or based
upon this Agreement, any other Loan Document or any related agreement or any document furnished hereunder or thereunder. Except as provided in Section 9.12, the Agents shall not have any duty or responsibility to provide any Credit Party with
any other credit or other information concerning the affairs, financial condition or business of any Loan Party that may come into the possession of the Agents. 

  
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 9.08 No Other Duties, Etc. Anything herein to the contrary notwithstanding,
none of the Bookrunners, Arrangers or Syndication Agents listed on the cover page hereof shall have any powers, duties or responsibilities under this Agreement or any of the other Loan Documents, except in its capacity, as applicable, as the
Administrative Agent, Collateral Agent, a Lender or an L/C Issuer hereunder. 
 9.09 Administrative Agent May File Proofs of
Claim. In case of the pendency of any proceeding under any Debtor Relief Law or any other judicial proceeding relative to any Loan Party, the Administrative Agent (irrespective of whether the principal of any Loan or L/C Obligation 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 Loan Parties) 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,
L/C Obligations 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, each L/C Issuer, the Administrative Agent and the other Credit Parties
(including any claim for the reasonable compensation, expenses, disbursements and advances of the Lenders, each L/C Issuer, the Administrative Agent, such Credit Parties and their respective agents and counsel and all other amounts due the Lenders,
each L/C Issuer, the Administrative Agent and such Credit Parties under Sections 2.03(i), 2.03(j) and 2.03(k) as applicable, 2.09 and 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 any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official in any such judicial proceeding is hereby authorized by each Lender and each L/C Issuer to make such payments to the Administrative Agent and, if the
Administrative Agent shall consent to the making of such payments directly to the Lenders and each L/C Issuer, to pay to the Administrative Agent any amount due for the reasonable compensation, expenses, disbursements and advances of the
Administrative Agent and its agents and counsel, and any other amounts due the Administrative Agent under Sections 2.09 and 10.04. 

Nothing contained herein shall be deemed to authorize the Administrative Agent to authorize or consent to or accept or adopt on behalf of any
Lender or L/C Issuer any plan of reorganization, arrangement, adjustment or composition affecting the Obligations or the rights of any Lender or L/C Issuer or to authorize the Administrative Agent to vote in respect of the claim of any Lender or L/C
Issuer in any such proceeding. 
 9.10 Collateral and Guaranty Matters. The Credit Parties irrevocably authorize and direct
the Collateral Agent, and the Collateral Agent shall: 
 (a) release any Lien on any property granted to or held by the
Collateral Agent under any Loan Document (i) upon termination of the Aggregate Revolving Commitments and payment in full of all Obligations (other than contingent indemnification 

  
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obligations for which no claim has been asserted) and the expiration or termination of all Letters of Credit (unless cash collateralized or supported by back-to-back letters of credit reasonably satisfactory to the applicable L/C Issuers), (ii) at the time the property subject to such Lien is disposed of or to be disposed of in connection with any disposition
permitted hereunder or under any other Loan Document to a Person that is not a Loan Party, or (iii) if approved, authorized or ratified in writing by the Applicable Lenders in accordance with Section 10.01; 

(b) (i) subordinate any Lien on any property granted to or held by the Collateral Agent under any Loan Document to the holder
of any Lien on such property that is permitted by clause (h) of the definition of “Permitted Encumbrances”, (ii) subordinate any Lien on any property consisting solely of CF Debt Priority Collateral granted to or held by the
Collateral Agent under any Loan Document to the holder of any Lien on such property that is permitted by Section 7.01 to secure Future CF Debt or (iii) enter into any intercreditor agreement with respect to any Lien on CF Debt Priority
Collateral securing Indebtedness described in clause (t) of the definition of “Permitted Indebtedness”; 
 (c)
release any Guarantor from its obligations under the Facility Guaranty and each other applicable Loan Document if (i) such Person ceases to be a Restricted Subsidiary as a result of a transaction permitted hereunder (including its designation
as an Unrestricted Subsidiary) or becomes an Excluded Subsidiary or (ii) is the parent holding company of a Real Estate Subsidiary party to a Qualified Real Estate Financing Facility if such guarantee is prohibited by the terms of such
Qualified Real Estate Financing Facility; and 
 (d) release any Borrower (other than the Lead Borrower) from its obligation
if such Person ceases to be a wholly owned Subsidiary of the Lead Borrower as a result of a transaction permitted hereunder (including its designation as an Unrestricted Subsidiary) so long as at the time of such release, no Event of Default shall
exist. 
 Upon request by the Administrative Agent or Collateral Agent at any time, the Applicable Lenders will confirm in writing such
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 Facility Guaranty and each other Loan Document pursuant to this Section 9.10. In
each case as specified in this Section 9.10, the Collateral Agent will, at the Loan Parties’ expense, execute and deliver to the applicable Loan Party such documents as such Loan Party may reasonably request to evidence the release of such
item of Collateral from the assignment and security interest granted under the Security Documents or to subordinate its interest (or to enter into an intercreditor agreement, as applicable) in such item, or to release such Guarantor from its
obligations under the Facility Guaranty and each other applicable Loan Document, in each case in accordance with the terms of the Loan Documents and this Section 9.10. 

9.11 Notice of Transfer. The Administrative Agent may deem and treat a Lender party to this Agreement as the owner of such
Lender’s portion of the Obligations for all purposes, unless and until, and except to the extent, an Assignment and Assumption shall have become effective as set forth in Section 10.06. 

  
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 9.12 Reports and Financial Statements. By signing this Agreement, each Lender:

 (a) agrees to furnish the Administrative Agent promptly upon the furnishing of any Bank Product or Cash Management Service
and thereafter at such frequency as the Administrative Agent may reasonably request with a summary of all Other Liabilities due or to become due to such Lender. In connection with any distributions to be made hereunder, the Administrative Agent
shall be entitled to assume that no amounts are due to any Lender on account of Other Liabilities unless the Administrative Agent has received written notice thereof from such Lender; 

(b) is deemed to have requested that the Administrative Agent furnish such Lender, promptly after they become available, copies
of all financial statements required to be delivered by the Lead Borrower hereunder and all Borrowing Base Certificates, commercial finance examinations and appraisals of the Collateral received by the Agents (collectively, the
“Reports”); 
 (c) expressly agrees and acknowledges that the Administrative Agent makes no representation
or warranty as to the accuracy of the Reports, and shall not be liable for any information contained in any Report; 
 (d)
expressly agrees and acknowledges that the Reports are not comprehensive audits or examinations, that the Agents or any other party performing any audit or examination will inspect only specific information regarding the Loan Parties and will rely
significantly upon the Loan Parties’ books and records, as well as on representations of the Loan Parties’ personnel; 

(e) agrees to keep all Reports confidential in accordance with the provisions of Section 10.07 hereof; and 

(f) without limiting the generality of any other indemnification provision contained in this Agreement, agrees: (i) to
hold the Agents and any such other Lender preparing a Report harmless from any action the indemnifying Lender may take or conclusion the indemnifying Lender may reach or draw from any Report in connection with any Credit Extensions that the
indemnifying Lender has made or may make to the Borrowers, or the indemnifying Lender’s participation in, or the indemnifying Lender’s purchase of, a Loan or Loans; and (ii) to pay and protect, and indemnify, defend, and hold the
Agents and any such other Lender preparing a Report harmless from and against, the claims, actions, proceedings, damages, costs, expenses, and other amounts (including attorney costs) incurred by the Agents and any such other Lender preparing a
Report as the direct or indirect result of any third parties who might obtain all or part of any Report through the indemnifying Lender. 

  
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 9.13 Agency for Perfection. Each Lender hereby appoints each other Lender as
agent for the purpose of perfecting Liens for the benefit of the Agents and the Lenders, in assets which, in accordance with Article 9 of the UCC or any other Law of the United States can be perfected only by possession or control. Should any Lender
(other than the Collateral Agent) obtain possession or control of any such Collateral, such Lender shall notify the Agents thereof, and, promptly upon the Collateral Agent’s request therefor shall deliver such Collateral to the Collateral Agent
or otherwise deal with such Collateral in accordance with the Collateral Agent’s instructions. 
 9.14 Indemnification of
Agents. The Lenders shall indemnify the Agents, each L/C Issuer and any Related Party, as the case may be (to the extent not reimbursed by the Loan Parties and without limiting the obligations of Loan Parties hereunder), ratably according to
their Applicable Percentages, from and against any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever that may be imposed on, incurred by, or
asserted against any Agent in any way relating to or arising out of this Agreement or any other Loan Document or any action taken or omitted to be taken by any Agent in connection therewith; provided, that no Lender shall be liable for any
portion of such liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements resulting from such Agent’s gross negligence or willful misconduct as determined by a final and nonappealable
judgment of a court of competent jurisdiction. 
 9.15 Relation Among Lenders. The Lenders are not partners or co-venturers, and no Lender shall be liable for the acts or omissions of, or (except as otherwise set forth herein in case of the Agents) authorized to act for, any other Lender. 

9.16 Defaulting Lender. 

(a) If for any reason any Lender shall become a Defaulting Lender, then, in addition to the rights and remedies that may be available to the
other Credit Parties, the Loan Parties or any other party at law or in equity, and not at limitation thereof, (i) subject to Section 10.01 only with respect to the increase or extension of such Lender’s Commitment, such Defaulting
Lender’s right to participate in the administration of, or decision-making rights related to, the Obligations, this Agreement or the other Loan Documents shall be suspended during the pendency of such failure or refusal, (ii) a Defaulting
Lender shall be deemed to have assigned any and all payments due to it from the Loan Parties, whether on account of outstanding Loans, interest, fees or otherwise, to the remaining non-Defaulting Lenders for
application to, and reduction of, their proportionate shares of all outstanding Obligations until, as a result of application of such assigned payments the Lenders’ respective Applicable Percentages of all outstanding Obligations shall have
returned to those in effect immediately prior to such delinquency and without giving effect to the nonpayment causing such delinquency, and (iii) at the option of the Administrative Agent, any further amount payable to such Defaulting Lender
hereunder (whether on account of principal, interest, fees or otherwise) shall, in lieu of being distributed to such Defaulting Lender, be retained by the Administrative Agent as cash collateral for future funding obligations of the Defaulting
Lender in respect of any Loan or existing or future participating interest in any Swing Line Loan or Letter of Credit. The Defaulting Lender’s decision-making and participation rights and rights to payments as set forth in clauses (i) and
(ii) hereinabove shall be restored only upon the payment by the Defaulting Lender of its Applicable Percentage of any Obligations, any participation obligation, or expenses as to which it is delinquent, together with interest thereon at the rate set
forth in Section 2.14(b) hereof from the date when originally due until the date upon which any such amounts are actually paid. 

  
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 (b) The non-Defaulting Lenders shall also have the
right, but not the obligation, in their respective, sole and absolute discretion, to cause the termination and assignment, without any further action by the Defaulting Lender for no cash consideration (pro rata, based on the respective Commitments
of those Lenders electing to exercise such right), of the Defaulting Lender’s Commitment to fund future Loans. Upon any such assignment of the Applicable Percentage of any Defaulting Lender, the Defaulting Lender’s share in future Credit
Extensions and its rights under the Loan Documents with respect thereto shall terminate on the date of assignment, and the Defaulting Lender shall promptly execute all documents reasonably requested to surrender and transfer such interest,
including, if so requested, an Assignment and Assumption. 
 (c) Each Defaulting Lender shall indemnify the Administrative Agent and each non-Defaulting Lender from and against any and all loss, damage or expenses, including but not limited to reasonable attorneys’ fees and funds advanced by the Administrative Agent or by any non-Defaulting Lender, on account of a Defaulting Lender’s failure to timely fund its Applicable Percentage of a Loan or to otherwise perform its obligations under the Loan Documents. 

(d) If any L/C Obligations exist at the time a Lender becomes a Defaulting Lender then: 

(i) all or any part of such Defaulting Lender’s Applicable Percentage of such L/C Obligations shall be reallocated among
the non-Defaulting Lenders in accordance with their respective Applicable Percentages but only to the extent any non-Defaulting Lender’s outstanding Loans
plus such Lender’s Applicable Percentage of all L/C Obligations plus such Lender’s Applicable Percentage of outstanding Swing Line Loans at such time does not exceed such non-Defaulting
Lender’s Commitments; 
 (ii) if the reallocation described in clause (i) above cannot, or can only partially, be
effected, the Borrowers shall within one Business Day following written notice by the Administrative Agent, Cash Collateralize for the benefit of each L/C Issuer such Defaulting Lender’s Applicable Percentage of the L/C Obligations (after
giving effect to any partial reallocation pursuant to clause (i) above) in accordance with the procedures set forth in Section 2.03(g) for so long as such L/C Obligations are outstanding; 

(iii) if the Borrowers Cash Collateralize any portion of such Defaulting Lender’s Applicable Percentage of the L/C
Obligations pursuant to clause (ii) above, the Borrowers shall not be required to pay any fees to such Defaulting Lender pursuant to Section 2.03(i) with respect to such Defaulting Lender’s Applicable Percentage of the L/C Obligations
during the period such portion of the L/C Obligations are Cash Collateralized; 
 (iv) if the
non-Defaulting Lenders’ Applicable Percentage of the L/C Obligations are reallocated pursuant to clause (i) above, then the fees payable to the Lenders pursuant to Section 2.03(i) and
Section 2.09(a) shall be adjusted in accordance with such non-Defaulting Lenders’ Applicable Percentages; and 

  
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 (v) if all or any portion of such Defaulting Lender’s Applicable
Percentage of the L/C Obligations are neither reallocated nor Cash Collateralized pursuant to clause (i) or (ii) above, then, without prejudice to any rights or remedies of the applicable L/C Issuers or any other Lender hereunder, all Letter of
Credit Fees payable under Section 2.03(i) with respect to such Defaulting Lender’s Applicable Percentage thereof shall be payable to the applicable L/C Issuers until and to the extent that such L/C Obligations are reallocated and/or Cash
Collateralized; and 
 (e) So long as a Lender is a Defaulting Lender, each L/C Issuer shall not be required to issue, amend or increase any
Letter of Credit, unless it is satisfied that the related exposure and the Defaulting Lender’s then outstanding Applicable Percentage of the L/C Obligations will be one hundred percent (100%) covered by the Commitments of the non-Defaulting Lenders in accordance with Section 9.16(d)(i) and/or cash collateral will be provided by the Borrowers in accordance with Section 2.03(g), and participating interests in any newly issued or
increased Letter of Credit shall be allocated among non-Defaulting Lenders in a manner consistent with Section 9.16(d)(i) (and such Defaulting Lender shall not participate therein). 

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

9.17 Withholding Tax. To the extent required by applicable Laws, the Administrative Agent may withhold from any payment to any
Lender an amount equivalent to any applicable withholding Tax. Without limiting or expanding the provisions of Section 3.01, each Lender shall indemnify and hold harmless the Administrative Agent against, and shall make payable in respect
thereof within 10 days after demand therefor, any and all Taxes and any and all related losses, claims, liabilities and expenses (including fees, charges and disbursements of any counsel for the Administrative Agent) incurred by or asserted against
the Administrative Agent by the IRS or any other Governmental Authority as a result of the failure of the Administrative Agent to properly withhold Tax from any amounts paid to or for the account of such Lender for any reason (including, without
limitation, because the appropriate form was not delivered or 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). 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 9.17. The agreements in this Section 9.17 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 the Commitments and the repayment, satisfaction or discharge of all other Obligations. For the avoidance of doubt, the
term “Lender” shall, for purposes of this Section 9.17, include any L/C Issuer and any Swing Line Lender. 

  
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 9.18 Intercreditor Agreements. The Administrative Agent and Collateral Agent
are hereby authorized to enter into any usual and customary intercreditor agreements to the extent contemplated by the terms hereof, and the parties hereto acknowledge that each such intercreditor agreement is binding upon them. Each Lender
(a) hereby agrees that it will be bound by and will take no actions contrary to the provisions of the intercreditor agreements and (b) hereby authorizes and instructs the Administrative Agent and Collateral Agent to enter into the
Intercreditor Agreement and the usual and customary intercreditor agreements and to subject the Liens on the Collateral securing the Obligations to the provisions thereof. In addition, but in conformance with the terms hereof, each Lender hereby
authorizes the Administrative Agent and the Collateral Agent to enter into (i) any amendments to any intercreditor agreements, and (ii) any other intercreditor arrangements, in the case of clauses (i), and (ii) to the extent required
to give effect to the establishment of intercreditor rights and privileges as contemplated and required by Section 7.01 of this Agreement. Each Lender waives any conflict of interest, now contemplated or arising hereafter, in connection
therewith and agrees not to assert against any Agent or any of its affiliates any claims, causes of action, damages or liabilities of whatever kind or nature relating thereto. 

9.19 Disqualified Institutions. The Administrative Agent shall not be responsible or have any liability for, or have any duty to
ascertain, inquire into, monitor or enforce, compliance with the provisions of this Agreement relating to Disqualified Institutions. Without limiting the generality of the foregoing, the Administrative Agent shall not (x) be obligated to
ascertain, monitor or inquire as to whether any Lender or Participant or prospective Lender or Participant is a Disqualified Institution or (y) have any liability with respect to or arising out of any assignment or participation of Loans, or
disclosure of confidential information, to any Disqualified Institution. 
 9.20 ERISA 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 Agents and the Arrangers and their respective Affiliates, and not, for the avoidance of doubt, to or for the
benefit of the Lead 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 Loans, the Letters of
Credit, the Commitments or this Agreement, 

  
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 (ii) the transaction exemption set forth in one or more PTEs, such as PTE 84-14 (a class exemption for certain transactions determined by independent qualified professional asset managers), PTE 95-60 (a class exemption for certain transactions
involving insurance company general accounts), PTE 90-1 (a class exemption for certain transactions involving insurance company pooled separate accounts), PTE 91-38 (a
class exemption for certain transactions involving bank collective investment funds) or PTE 96-23 (a class exemption for certain transactions determined by in-house
asset managers), is applicable with respect to such Lender’s entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement, 

(iii) (A) such Lender is an investment fund managed by a “Qualified Professional Asset Manager” (within the meaning of Part VI
of PTE 84-14), (B) such Qualified Professional Asset Manager made the investment decision on behalf of such Lender to enter into, participate in, administer and perform the Loans, the Letters of Credit, the
Commitments and this Agreement, (C) the entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement satisfies the requirements of
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 Letters of Credit, the Commitments and this Agreement, or 

(iv) such other representation, warranty and covenant as may be agreed in writing between the Administrative Agent, in its sole discretion, and
such Lender. 
 (b) In addition, either (1) subclause (i) in the immediately preceding clause (a) is true with respect to a Lender
or such Lender has not provided another representation, warranty and covenant as provided in subclause (iv) in the immediately preceding clause (a), or (2) 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 Agents and the Arrangers and their respective Affiliates,
and not, for the avoidance of doubt, to or for the benefit of the Lead Borrower or any other Loan Party, that none of the Agent or the Arrangers or any of their respective Affiliates is a fiduciary with respect to the assets of such Lender involved
in such Lender’s entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement (including in connection with the reservation or exercise of any rights by any Agent
under this Agreement, any Loan Document or any documents related hereto or thereto). 
 9.21 Recovery of Erroneous Payments.
Without limitation of any other provision herein, if at any time the Administrative Agent makes a payment hereunder in error to any Credit Party, whether or not in respect of an Obligation due and owing by the Loan Parties at such time, where such
payment is a Rescindable Amount, then in any such event each Credit Party receiving a Rescindable Amount severally agrees to repay to the Administrative Agent forthwith on demand the Rescindable Amount received by such Credit Party in immediately
available funds in the currency so received, with interest thereon for each day from and including the date such Rescindable Amount is received by it to but excluding the date of repayment to the Administrative Agent, at the greater of the Federal
Funds Rate and a rate determined by the Administrative 

  
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Agent in accordance with banking industry rules on interbank compensation. Each Credit Party irrevocably waives any and all defenses, including any defense of discharge for value (under which a
creditor might otherwise claim a right to retain funds mistakenly paid by a third party in respect of a debt owed by another) or similar defense to its obligation to return any Rescindable Amount. The Administrative Agent shall inform each
Credit Party promptly upon determining that any payment made to such Credit Party was comprised, in whole or in part, of a Rescindable Amount. 

ARTICLE X 
 MISCELLANEOUS

 10.01 Amendments, Etc. Except as provided in Section 2.15 and 2.16, no amendment or waiver of any provision of
this Agreement or any other Loan Document, and no consent to any departure by any Loan Party therefrom, shall be effective unless in writing signed by the Administrative Agent (at the direction of the Required Lenders) and the Required Lenders (or
the Administrative Agent, with the consent of the Required Lenders), and the Lead Borrower or the applicable Loan Party, as the case may be, and each such waiver or consent shall be effective only in the specific instance and for the specific
purpose for which given; provided, however, that no such amendment, waiver or consent shall: 
 (a) extend or
increase the Commitment of any Lender (or reinstate any Commitment of any Lender that has previously been terminated) without the written consent of such Lender; 

(b) postpone any date fixed by this Agreement or any other Loan Document for any scheduled payment (including the Maturity
Date) of principal, interest, fees or other amounts due hereunder or under any of the other Loan Documents (but, for clarity, not including any mandatory payment required by Section 2.05(e)) to any Lender without the written consent of such
Lender; 
 (c) reduce the principal of, or, subject to Section 3.03, the rate of interest specified herein on, any Loan
or L/C Borrowing, or (subject to clause (v) of the second proviso to this Section 10.01) any fees or other amounts payable hereunder or under any other Loan Document to any Lender without the written consent of such Lender, or increase any
advance rate, without the written consent of each Lender; provided, however, that only the consent of the Required Lenders shall be necessary to amend the definition of “Default Rate” or to waive any obligation of the
Borrowers to pay interest or Letter of Credit Fees at the Default Rate; 
 (d) change Section 2.13 or Section 8.03
in a manner that would alter the order of application of payments or, as applicable, the ratable sharing of payments required thereby without the written consent of each Lender adversely affected thereby; 

(e) change any provision of this Section or the definition of “Required Lenders,” “Required FILO Lenders”,
“Required Revolving Lenders” or “Supermajority Lenders” 

  
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or any other provision hereof specifying the number or percentage of Lenders required to amend, waive or otherwise modify any rights hereunder or make any determination or grant any consent
hereunder, without the written consent of each Lender whose Loans, Commitments or Revolving Exposure would otherwise be included in such determination; 

(f) except as expressly permitted hereunder or under any other Loan Document, release, or limit the liability of, any Loan
Party without the written consent of each Lender; 
 (g) except for Permitted Dispositions or as provided in
Section 9.10, release all or substantially all of the Collateral from the Liens of the Security Documents or release all or substantially all of the value of the Guarantees without the written consent of each Lender; 

(h) change the definition of the term “Borrowing Base” or any component definition thereof if as a result thereof the
amounts available to be borrowed by the Borrowers would be increased without the written consent of the Supermajority Lenders, provided that the foregoing shall not limit the discretion of the Administrative Agent to change, establish or
eliminate any Reserves; 
 (i) modify the definition of “Permitted Overadvance” so as to increase the amount
thereof or, except as otherwise provided in such definition, the time period for a Permitted Overadvance without the written consent of each Lender; 

(j) except as expressly permitted herein or in any other Loan Document, subordinate the Obligations hereunder or the Liens
granted hereunder or under the other Loan Documents, to any other Indebtedness or Lien, as the case may be without the written consent of each Lender; 

(k) modify the definition of (1) “Eligible Assignee” to the extent that such amendment increases the percentage of
Loans permitted to be held by an Equity Investor Affiliated Lender, or (2) “Equity Investor Affiliated Lender,” in each case, without the written consent of each Lender; and 

(l) amend any provision hereof (including Section 10.06) in a manner that restricts a Lender’s ability to assign its
right or obligations without the consent of such Lender. 
 and, provided further, that (i) no amendment, waiver or consent shall, unless in
writing and signed by each L/C Issuer in addition to the Lenders required above, affect the rights or duties of such L/C Issuer (including, without limitation, any increase in such L/C Issuer Sublimit of such L/C Issuer) under this Agreement or any
Issuer Document relating to any Letter of Credit issued or to be issued by it; (ii) no amendment, waiver or consent shall, unless in writing and signed by the Swing Line Lender in addition to the Lenders required above, affect the rights or
duties of the Swing Line Lender under this Agreement; (iii) no amendment, waiver or consent shall, unless in 

  
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writing and signed by the Administrative Agent in addition to the Lenders required above, affect the rights or duties of the Administrative Agent under this Agreement or any other Loan Document;
(iv) no amendment, waiver or consent shall, unless in writing and signed by the Collateral Agent in addition to the Lenders required above, affect the rights or duties of the Collateral Agent under this Agreement or any other Loan Document;
(v) the Fee Letter may be amended, or rights or privileges thereunder waived, in a writing executed only by the parties thereto; (vi) any waiver, amendment or modification of this Agreement that by its terms affects the rights or duties
under this Agreement of Lenders holding Loans or Commitments of a particular Class (but not the Lenders holding Loans or Commitments of any other Class) may be effected by an agreement or agreements in writing entered into by the Borrowers and the
requisite percentage in interest of the affected Class of Lenders that would be required to consent thereto under this Section if such Class of Lenders were the only Class of Lenders hereunder at the time and (vii) no amendment
or waiver shall, unless signed by the Administrative Agent and Required Revolving Lenders (or by the Administrative Agent with the consent of the Required Revolving Lenders) in addition to the Required Lenders (or by the Administrative Agent with
the consent of the Required Lenders), (a) amend or waive compliance with the conditions precedent to the obligations of Revolving Lenders to make any Revolving Loan (or of any L/C Issuer to issue any Letter of Credit) in Section 4.02; or
(b) waive any Default or Event of Default for the purpose of satisfying the conditions precedent to the obligations of Revolving Lenders to make any Loan (or of any L/C Issuer to issue any Letter of Credit) in Section 4.02. 

Notwithstanding anything to the contrary herein, (a) no Defaulting Lender shall have any right to approve or disapprove any amendment,
waiver or consent hereunder, except that the Commitment of such Lender may not be increased or extended without the consent of such Lender, and (b) the Lead Borrower shall be permitted to appoint one or more Restricted Subsidiaries that are
Domestic Subsidiaries as “Borrowers” hereunder, in each case with the consent of, and pursuant to an amendment reasonably satisfactory to, the Administrative Agent which appropriately incorporates such Borrowers into this Agreement and the
other Loan Documents which amendment shall not require the consent of any other Lender. 
 If any Lender does not consent (a “Non-Consenting Lender”) to a proposed amendment, waiver, consent or release with respect to any Loan Document that requires the consent of each Lender or each affected Lender and that has been approved by
the Required Lenders, the Lead Borrower may replace such Non-Consenting Lender with respect to the Class of Loans or Commitments that is subject to the related consent, waiver or amendment in accordance
with Section 10.13; provided that such amendment, waiver, consent or release can be effected as a result of the assignment contemplated by such Section (together with all other such assignments required by the Lead Borrower to be made
pursuant to this paragraph). 
 10.02 Notices; Effectiveness; Electronic Communications. 

(a) Notices Generally. Except in the case of notices and other communications expressly permitted to be given by telephone (and except
as provided in subsection (b) below), all notices and other communications provided for herein shall be in writing and shall be delivered by hand or overnight courier service, mailed by certified or registered mail or sent by telecopier as
follows, and all notices and other communications expressly permitted hereunder to be given by telephone shall be made to the applicable telephone number, as follows: 

(i) if to the Loan Parties, the Administrative Agent, the Collateral Agent, any L/C Issuer or the Swing Line Lender, to the
address, telecopier number, electronic mail address or telephone number specified for such Person on Schedule 10.02; and 

  
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 (ii) if to any other Lender, to the address, telecopier number, electronic
mail address or telephone number specified in its Administrative Questionnaire. 
 Notices sent by hand or overnight courier service, or
mailed by certified or registered mail, shall be deemed to have been given when received; notices sent by telecopier shall be deemed to have been given when sent (except that, if not given during normal business hours for the recipient, shall be
deemed to have been given at the opening of business on the next Business Day for the recipient). Notices delivered through electronic communications to the extent provided in subsection (b) below, shall be effective as provided in such
subsection (b). 
 (b) Electronic Communications. Notices and other communications to the Lenders and the L/C Issuers 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 or L/C Issuer pursuant to Article II if such Lender or L/C Issuer, 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 Lead Borrower may, in its discretion, agree to accept notices and other communications to it hereunder by electronic communications pursuant to procedures approved by it, provided that approval of such procedures
may be limited to particular notices or communications. 
 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 acknowledgment from the intended recipient (such as by the “return receipt requested” function,
as available, return e-mail or other written acknowledgment), 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 

  
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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 Agents or any of their
Related Parties (collectively, the “Agent Parties”) have any liability to any Loan Party, any Lender, any L/C Issuer or any other Person for losses, claims, damages, liabilities or expenses of any kind (whether in tort, contract or
otherwise) arising out of the Loan Parties’ 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 nonappealable 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, any L/C Issuer or any other Person for indirect, special, incidental, consequential or punitive damages (as opposed to direct or actual damages). 

(d) Change of Address, Etc. Each of the Loan Parties, the Administrative Agent, the Collateral Agent, each L/C Issuer and the Swing
Line Lender 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, telecopier or telephone number for notices and other
communications hereunder by notice to the Lead Borrower, the Administrative Agent, the Collateral Agent, each L/C Issuer and the Swing Line Lender. In addition, each Lender agrees to notify the Administrative Agent 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. 
 (e) Reliance by Agents, L/C Issuer and Lenders. The Administrative Agent, the Collateral Agent, each L/C Issuer and
the Lenders shall be entitled to rely and act upon any notices (including telephonic Committed Loan Notices and Swing Line Loan Notices) purportedly given by or on behalf of the Loan Parties 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 Loan Parties shall indemnify
the Agents, each L/C Issuer, each Lender and the Related Parties of each of them 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 Loan Parties. All
telephonic notices to and other telephonic communications with the Agents may be recorded by the Agents, and each of the parties hereto hereby consents to such recording. 

10.03 No Waiver; Cumulative Remedies. No failure by any Credit Party to exercise, and no delay by any such Person in exercising,
any right, remedy, power or privilege hereunder shall operate as a waiver thereof; nor shall any single or partial exercise of any right, remedy, power or privilege hereunder or under any other Loan Document preclude any other or further exercise
thereof or the exercise of any other right, remedy, power or privilege. The rights, remedies, powers and privileges provided herein and in the other Loan Documents are cumulative and not exclusive of any rights, remedies, powers and privileges
provided by law. Without limiting the generality of the foregoing, the making of a Loan or issuance of a Letter of Credit shall not be construed as a waiver of any Default, regardless of whether any Credit Party may have had notice or knowledge of
such Default at the time. 

  
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 10.04 Expenses; Indemnity; Damage Waiver. 

(a) Costs and Expenses. The Borrowers shall pay (a) all reasonable and documented out-of-pocket expenses incurred by the Agents, the Arrangers and their respective Affiliates in connection with this Agreement and the other Loan Documents, including without limitation (i) the
reasonable and documented fees, charges and disbursements of (A) outside counsel for the Agents and their Affiliates limited to one law firm and any local counsel reasonably deemed necessary by the Agents, (B) outside consultants for the
Agents, (C) appraisers, (D) commercial finance examiners, and (E) all such out-of-pocket expenses incurred during any workout, restructuring or negotiations in
respect of the Obligations, (ii) in connection with (A) the syndication of the credit facilities provided for herein, (B) the preparation, negotiation, administration, management, execution and delivery of this Agreement and the other
Loan Documents or any amendments, modifications or waivers of the provisions thereof (whether or not the transactions contemplated hereby or thereby shall be consummated), (C) the enforcement or protection of their rights in connection with this
Agreement or the Loan Documents or efforts to preserve, protect, collect, or enforce the Collateral or in connection with any proceeding under any Debtor Relief Laws, or (D) any workout, restructuring or negotiations in respect of any
Obligations, and (b) with respect to each L/C Issuer and its Affiliates, all reasonable out-of-pocket expenses incurred in connection with the issuance, amendment,
renewal or extension of any Letter of Credit or any demand for payment thereunder; and (c) all reasonable and documented out-of-pocket expenses incurred by the
Credit Parties who are not the Agents, an L/C Issuer or any Affiliate of any of them, after the occurrence and during the continuance of an Event of Default, provided that such Credit Parties shall be entitled to reimbursement for no more
than one counsel representing all such Credit Parties (absent a conflict of interest in which case the Credit Parties may engage and be reimbursed for additional counsel). 

(b) Indemnification by the Loan Parties. The Loan Parties shall indemnify the Agents (and any
sub-agent thereof), each Arranger, each other Credit Party, and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each
Indemnitee harmless (on an after-Tax basis) from, any and all losses, claims, causes of action, damages, liabilities, settlement payments, costs, and related expenses (including the fees, charges and
disbursements of any counsel for any Indemnitee), incurred by any Indemnitee or asserted against any Indemnitee by any third party or by any Borrower or any other Loan Party or any Affiliate or equityholder thereof arising out of, in connection
with, or as a result of (i) the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or
thereunder or the consummation of the transactions contemplated hereby or thereby, or, in the case of the Agents (and any sub-agents thereof) and their Related Parties only, the administration of this
Agreement and the other Loan Documents, (ii) any Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by an L/C Issuer to honor a demand for payment under a Letter of Credit if the documents
presented in connection with such demand do not strictly comply with the terms of such Letter of Credit), (iii) any actual or alleged presence or release of Hazardous Materials on or from any property owned or operated by any Loan Party or any of
its Restricted Subsidiaries, or any Environmental Liability related in any way to any Loan Party or any of its Restricted Subsidiaries, (iv) any claims of, or amounts paid by any Credit Party to, a Blocked Account Bank or other Person

  
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which has entered into a control agreement with any Credit Party hereunder, or (v) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing,
whether based on contract, tort or any other theory, whether brought by a third party or by any Borrower or any other Loan Party or any of the Loan Parties’ directors, shareholders or creditors, and regardless of whether any Indemnitee is a
party thereto, in all cases, whether or not caused by or arising, in whole or in part, out of the comparative, contributory or sole negligence of the Indemnitee; provided that such indemnity shall not, as to any Indemnitee, be available to
the extent that such losses, claims, damages, liabilities or related expenses (x) are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from the bad faith, gross negligence, willful misconduct
or material breach of the obligations under any Loan Document of such Indemnitee or any of its Related Parties (but without limiting the obligations of the Loan Parties as to any other Indemnitee that is not a Related Party) or (y) result from
a claim brought by a Borrower or any other Loan Party against an Indemnitee or any of its Related Parties for breach in bad faith of such Indemnitee’s (or its Related Parties’) obligations hereunder or under any other Loan Document, if the
Borrowers or such Loan Party has obtained a final and nonappealable judgment in its favor on such claim as determined by a court of competent jurisdiction or (z) result from a cause of action brought by an Indemnitee against any other
Indemnitee (other than (i) claims against an Indemnitee in its capacity or fulfilling its role as an Agent, L/C Issuer, Swing Line Lender or an arranger or a similar role and (ii) claims resulting directly or indirectly from acts or
omissions of any Loan Party; provided that, the Loan Parties’ obligation with respect to fees and expenses of counsel, shall be limited to the reasonable and reasonably documented fees, disbursements and other charges of out-of-pocket fees and legal expenses of one firm of counsel for all Indemnitees and, if necessary, one firm of local counsel in each appropriate jurisdiction and one firm of
special counsel, in each case for all Indemnitees (and, in the case of an actual or perceived conflict of interest where the Indemnitee affected by such conflict informs the Lead Borrower of such conflict and thereafter, retains its own counsel, of
another firm of counsel for such affected Indemnitee)). 
 (c) Waiver of Consequential Damages, Etc. To the fullest extent permitted
by Law, the Loan Parties and the Credit Parties shall not assert, and hereby waive, any claim against any Credit Party or Loan Party (as applicable) or any of their respective Related Parties, on any theory of liability, for special, indirect,
consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement, any other Loan Document or any agreement or instrument contemplated hereby, the transactions
contemplated hereby or thereby, any Loan or Letter of Credit or the use of the proceeds thereof; provided that the foregoing shall not limit any Loan Party’s indemnity obligations to the extent special, indirect, consequential or
punitive damages are included in any third party claim in connection with which such Indemnitee is entitled to receive indemnification hereunder. No Indemnitee shall be liable for any damages arising from the use by unintended recipients of any
information or other materials distributed to such unintended recipients by such Indemnitee through telecommunications, electronic or other information transmission systems in connection with this Agreement or the other Loan Documents or the
transactions contemplated hereby or thereby other than for direct or actual damages resulting from the gross negligence or willful misconduct of such Indemnitee or its Related Parties as determined by a final and nonappealable judgment of a court of
competent jurisdiction. 

  
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 (d) Payments. All amounts due under this Section shall be payable on demand
(accompanied by back-up documentation to the extent available). 
 (e) Survival. The
agreements in this Section shall survive the resignation of any Agent or L/C Issuer, the assignment of any Commitment or Loan by any Lender, the replacement of any Lender, the termination of the Aggregate Revolving Commitments and the repayment,
satisfaction or discharge of all the other Obligations. 
 10.05 Payments Set Aside. To the extent that any payment by or on
behalf of the Loan Parties is made to any Credit Party, or any Credit Party 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 Credit Party 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 and each L/C Issuer severally agrees to pay to the Administrative Agent upon demand its Applicable Percentage (without duplication) of any amount so recovered from or repaid by the Administrative 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 from time to time in effect. The obligations of the Lenders and each L/C Issuer under clause (b) of the preceding sentence
shall survive the payment in full of the Obligations and the termination of this Agreement. 
 10.06 Successors and Assigns.

 (a) Successors and Assigns Generally. 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 that no Loan Party may assign or otherwise transfer any of its rights or obligations hereunder or under any other Loan Document without the prior written consent of
the Administrative Agent and each Lender and no Lender may assign or otherwise transfer any of its rights or obligations hereunder except (i) to an Eligible Assignee in accordance with the provisions of Section 10.06(b), (ii) by way of
participation in accordance with the provisions of subsection Section 10.06(d), or (iii) by way of pledge or assignment of a security interest subject to the restrictions of Section 10.06(f) (and any other attempted assignment or
transfer by any party hereto 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 subsection (d) of this Section and, to the extent expressly contemplated hereby, the Related Parties of each of the Credit Parties) any legal or equitable right, remedy or claim under or by reason of this
Agreement. 
 (b) Assignments by Lenders. Any Lender may at any time assign to one or more Eligible Assignees all or a portion of its
rights and obligations under this Agreement (including all or a portion of its Commitment(s) and the Loans (including for purposes of this Section 10.06(b), participations in L/C Obligations and in Swing Line Loans) at the time owing to it);
provided that any such assignment shall be subject to the following conditions: 

  
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 (i) Minimum Amounts. 

(A) in the case of an assignment of the entire remaining amount of the assigning Lender’s Commitment and the Loans at the
time owing to it or in the case of an assignment to a Lender or an Affiliate of a Lender or an Approved Fund with respect to a Lender, no minimum amount need be assigned; and 

(B) in any case not described in subsection (b)(i)(A) of this Section, the aggregate amount of the Commitment (which for this
purpose includes Loans of any Class outstanding thereunder) or, if the Commitment is not then in effect, the principal outstanding balance of the 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 or, if “Trade Date” is specified in the Assignment and Assumption, as of the Trade Date, shall not be less than (x) $5,000,000 in the case
of Revolving Commitments or Revolving Exposure and (y) $1,000,000 in the case of FILO Loans, unless each of the Administrative Agent and, so long as no Event of Default pursuant to Sections 8.01(a), (f) or (g) has occurred and is continuing,
the Lead Borrower otherwise consents (each such consent not to be unreasonably withheld or delayed); provided, however, that concurrent assignments to members of an Assignee Group and concurrent assignments from members of an Assignee
Group to a single Eligible Assignee (or to an Eligible Assignee and members of its Assignee Group) will be treated as a single assignment for purposes of determining whether such minimum amount has been met; 

(ii) Proportionate Amounts. Each partial assignment shall be made as an assignment of a proportionate part of all the
assigning Lender’s rights and obligations under this Agreement with respect to the Loans or the Commitment assigned, except that this clause (ii) shall not apply to the Swing Line Lender’s rights and obligations in respect of Swing
Line Loans; 
 (iii) Required Consents. No consent shall be required for any assignment except to the extent required
by subsection (b)(i)(B) of this Section and, in addition: 
 (A) the consent of the Lead Borrower (such consent not to be
unreasonably withheld or delayed) shall be required unless (1) an Event of Default pursuant to Sections 8.01(a), (f) or (g) has occurred and is continuing at the time of such assignment or (2) such assignment is to a Lender, an
Affiliate of a Lender or an Approved Fund with respect to such Lender; provided that the Lead Borrower shall be deemed to have consented to any written request for an assignment of a FILO Loan if the Lead Borrower has not objected thereto within ten
Business Days of receipt; and 
 (B) the consent of the Administrative Agent (such consent not to be unreasonably withheld or
delayed) shall be required for assignments in respect of any Commitment, Revolving Exposure or Loan if such assignment is to a Person that is not a Revolving Lender, an Affiliate of a Revolving Lender or an Approved Fund with respect to such
Revolving Lender (or, in the case of an assignment of a FILO Loan, any Lender, Affiliate of any Lender or Approved Fund of any Lender); and 

  
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 (iv) Assignment and Assumption. The parties to each assignment shall
execute and deliver to the Administrative Agent an Assignment and Assumption, together with a processing and recordation fee of $3,500, provided, however, that the Administrative Agent may, in its sole discretion, elect to waive such
processing and recordation fee in the case of any assignment. The assignee, if it shall not be a Lender, shall deliver to the Administrative Agent an Administrative Questionnaire. 

Subject to acceptance and recording thereof by the Administrative Agent pursuant to subsection (c) of this Section, 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, 3.04, and 10.04 with respect to facts and circumstances
occurring prior to the effective date of such assignment. Upon request, the Borrowers (at their 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 subsection 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 10.06(d). 

(c) Register. The Administrative Agent, acting solely for this purpose as an agent of the Borrowers, 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 Commitments of, and principal and interest amounts of the Loans and L/C
Obligations owing to, each Lender pursuant to the terms hereof from time to time (the “Register”). The entries in the Register shall be conclusive, absent manifest error, and the Loan Parties, the Administrative Agent 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 shall be available for inspection by
the Lead Borrower, any L/C Issuer, and, with respect to such Lender’s interest only, any Lender at any reasonable time and from time to time upon reasonable prior notice. 

(d) Participations. Any Lender may at any time, without the consent of, or notice to, the Loan Parties or the Administrative Agent, any
L/C Issuer or the Swing Line Lender, sell participations to any Person that is an Eligible Assignee (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 Commitment and/or the Loans (including such Lender’s participations in L/C Obligations and/or Swing Line 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 Loan Parties, the Agents, the Lenders and each L/C Issuer shall continue to deal solely and
directly with such Lender in connection with such Lender’s rights and obligations under this Agreement. Any Participant shall agree in writing to comply with all confidentiality obligations set forth in Section 10.07 as if such Participant
was a Lender hereunder. 

  
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 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 to approve any amendment, modification or waiver of any provision of this Agreement; provided that such agreement or instrument may provide that such Lender
will not, without the consent of the Participant, agree to any amendment, waiver or other modification described in clauses (a), (b), (c) or (g) of the first proviso to Section 10.01 that affects such Participant. Subject to subsection
(e) of this Section, the Loan Parties agree that each Participant shall be entitled to the benefits of Sections 3.01, 3.04 and 3.05 (subject to the requirements and limitations of such Sections and Section 3.06 and 10.13, and it being
understood that the documentation required under Section 3.01(e) shall be delivered solely to the participating Lender) to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to Section 10.06(b). To
the extent permitted by law, each Participant also shall be entitled to the benefits of Section 10.08 as though it were a Lender, provided such Participant agrees to be subject to Section 2.13 as though it were a Lender. If a Lender
sells a participation pursuant to Section 10.06(d), that Lender shall (acting solely for this purpose as a non-fiduciary agent of the Borrowers) maintain a register on which is entered the name and
address of each Participant and the principal and interest amounts of each Participant’s interest in the Loans or other obligations under this Agreement (the “Participant Register”). The entries in the Participant Register
shall be conclusive absent manifest error, and the Borrowers and such Lender shall treat each Person whose name is recorded in the Participant Register as the owner of such participation for all purposes of this Agreement notwithstanding any notice
to the contrary; provided that no Lender shall have the obligation to disclose all or a portion of a Participant Register (including the identity of any Participant or any information relating to a Participant’s interest in any loans or
other obligations under any Loan Document) to any Person except to the extent that such disclosure is necessary in connection with a Tax audit or other proceeding to establish that any loans are in registered form for U.S. federal income tax
purposes. 
 (e) Limitations upon Participant Rights. A Participant shall not be entitled to receive any greater payment under
Section 3.01 or 3.04 than the applicable Lender would have been entitled to receive with respect to the participation sold to such Participant, except to the extent that a Participant’s right to a greater payment results from a Change in
Law after the Participant becomes a Participant. 
 (f) Certain Pledges. 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
having jurisdiction over such Lender; 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. 

  
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 (g) 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 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. 
 (h) Resignation as L/C Issuer or Swing Line Lender after
Assignment or Resignation. Notwithstanding anything to the contrary contained herein, if at any time Bank of America assigns all of its Commitment and Loans pursuant to subsection (b) above, or resigns as Agent in accordance with the
provisions of Section 9.06, Bank of America may, (i) upon 30 days’ notice to the Lead Borrower and the Lenders, resign as L/C Issuer and/or (ii) with duplication of any notice required under Section 9.06, upon 30 days’
notice to the Lead Borrower, resign as Swing Line Lender. In the event of any such resignation as L/C Issuer or Swing Line Lender, the Lead Borrower shall be entitled to appoint from among the Lenders a successor L/C Issuer or Swing Line Lender
hereunder; provided, however, that no failure by the Lead Borrower to appoint any such successor shall affect the resignation of Bank of America as L/C Issuer or Swing Line Lender, as the case may be. If Bank of America resigns as L/C
Issuer, it shall retain all the rights, powers, privileges and duties of an L/C Issuer hereunder with respect to all Letters of Credit outstanding as of the effective date of its resignation as L/C Issuer and all L/C Obligations with respect thereto
(including the right to require the Lenders to make Base Rate Loans or fund risk participations in Unreimbursed Amounts pursuant to Section 2.03(c)). Upon the appointment of a successor L/C Issuer and/or Swing Line Lender, (a) such
successor shall succeed to and become vested with all of the rights, powers, privileges and duties of the retiring L/C Issuer or Swing Line Lender, as the case may be, and (b) the successor L/C Issuer shall issue letters of credit in
substitution for the Letters of Credit, if any, outstanding at the time of such succession or make other arrangements satisfactory to Bank of America and the Lead Borrower to effectively assume the obligations of Bank of America with respect to such
Letters of Credit. Any resignation by Bank of America as Administrative Agent pursuant to this Section shall also constitute its resignation as L/C Issuer and Swing Line Lender. 

10.07 Treatment of Certain Information; Confidentiality. Each of the Credit Parties agrees to maintain the confidentiality of
the Information (as defined below), except that Information may be disclosed (a) to its Affiliates, Approved Funds, and to its and its Affiliates’ and Approved Funds’ respective partners, directors, officers, employees, agents,
funding sources, attorneys, advisors and representatives (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

  
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keep such Information confidential), (b) to the extent requested by any regulatory authority purporting to have jurisdiction over it (including any self-regulatory authority, such as the National
Association of Insurance Commissioners), (c) to the extent required by Laws or regulations or by any subpoena or similar legal process, (d) to any other party hereto, (e) 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, (f) subject to an agreement containing provisions substantially the same as those of
this Section, to (i) any assignee of or Participant in, or any prospective assignee of or Participant in, any of its rights or obligations under this Agreement or (ii) any actual or prospective counterparty (or its advisors) to any swap or
derivative transaction relating to any Loan Party and its obligations, (g) with the consent of the Lead Borrower, (h) to the extent such Information (x) becomes publicly available other than as a result of a breach of this Section or
(y) becomes available to any Credit Party or any of their respective Affiliates on a non-confidential basis from a source other than the Loan Parties (only if such Credit Party has no knowledge that such
source itself is not in breach of a confidentiality obligation), and (i) to market data collectors, similar service providers to the lending industry, and service providers to the Credit Parties in connection with the administration,
settlement, and management of this Agreement. 
 For purposes of this Section, “Information” means all information received
from the Loan Parties or any Subsidiary thereof relating to the Loan Parties or any Subsidiary thereof or their respective businesses, other than any such information that is available to any Credit Party on a
non-confidential basis prior to disclosure by the Loan Parties or any Subsidiary thereof (provided that if such information is furnished by a source known to such Credit Party to be subject to a
confidentiality obligation, such source, to the knowledge of such Credit Party, is not in violation of such Obligation by such disclosure), provided that, in the case of information received from any Loan Party or any Subsidiary after the
Fourth Restatement Effective Date, such information is clearly identified at the time of delivery as confidential. Any Person required to maintain the confidentiality of Information as provided in this Section shall be considered to have complied
with its obligation to do so if such Person has exercised the same degree of care to maintain the confidentiality of such Information as such Person would accord to its own confidential information. 

Each of the Credit Parties acknowledges that (a) the Information may include material non-public
information concerning the Loan Parties or a Subsidiary, as the case may be, (b) it has developed compliance procedures regarding the use of material non-public information and (c) it will handle
such material non-public information in accordance with Law, including Federal and state securities Laws. 

10.08 Right of Setoff. If an Event of Default shall have occurred and be continuing or if any Lender shall have been served with
a trustee process or similar attachment relating to property of a Loan Party, each Lender, each L/C Issuer and each of their respective Affiliates is hereby authorized at any time and from time to time, after obtaining the prior written consent of
the Administrative Agent or the Required Lenders, to the fullest extent permitted by Law, to set off and apply any and all deposits (general or special, time or demand, provisional or final, in whatever currency) or other property at any time held
and other obligations (in whatever currency) at any time owing by such Lender, such L/C Issuer or any such Affiliate to or for the 

  
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credit or the account of the Borrowers or any other Loan Party against any and all of the Obligations now or hereafter existing under this Agreement or any other Loan Document to such Lender or
L/C Issuer, regardless of the adequacy of the Collateral, and irrespective of whether or not such Lender or L/C Issuer shall have made any demand under this Agreement or any other Loan Document and although such obligations of the Borrowers or such
Loan Party may be contingent or unmatured or are owed to a branch or office of such Lender or L/C Issuer different from the branch or office holding such deposit or obligated on such indebtedness. The rights of each Lender, each L/C Issuer and their
respective Affiliates under this Section are in addition to other rights and remedies (including other rights of setoff) that such Lender, each L/C Issuer or their respective Affiliates may have. Each Lender and each L/C Issuer agrees to notify the
Lead Borrower and the Administrative Agent promptly after any such setoff and application, provided that the failure to give such notice shall not affect the validity of such setoff and application. 

10.09 Interest Rate Limitation. Notwithstanding anything to the contrary contained in any Loan Document, the interest paid or
agreed to be paid under the Loan Documents shall not exceed the maximum rate of non-usurious interest permitted by Law (the “Maximum Rate”). If the Administrative Agent or any Lender shall
receive interest in an amount that exceeds the Maximum Rate, the excess interest shall be applied to the principal of the Loans or, if it exceeds such unpaid principal, refunded to the Borrowers. In determining whether the interest contracted for,
charged, or received by the Administrative Agent or a Lender exceeds the Maximum Rate, such Person may, to the extent permitted by Law, (a) characterize any payment that is not principal as an expense, fee, or premium rather than interest,
(b) exclude voluntary prepayments and the effects thereof, and (c) amortize, prorate, allocate, and spread in equal or unequal parts the total amount of interest throughout the contemplated term of the Obligations hereunder. 

10.10 Integration; Effectiveness; Counterparts. 

(a) This Agreement and the other Loan Documents constitute the entire contract among the parties relating to the subject matter hereof and
supersede any and all previous agreements and understandings, oral or written, relating to the subject matter hereof. Except as provided in Section 4.01, this Agreement shall become effective when it shall have been executed by the
Administrative Agent and when the Administrative Agent shall have received counterparts hereof that, when taken together, bear the signatures of each of the other parties hereto. 

(b) This Agreement, any Loan Document and any other Communication, including Communications required to be in writing, may be in the form of
an Electronic Record and may be executed using Electronic Signatures. Each of the Loan Parties and each of the Credit Parties agrees that any Electronic Signature on or associated with any Communication shall be valid and binding on such Person to
the same extent as a manual, original signature, and that any Communication entered into by Electronic Signature, will constitute the legal, valid and binding obligation of such Person enforceable against such Person in accordance with the terms
thereof to the same extent as if a manually executed original signature was delivered. Any Communication 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 Communication. For the avoidance of doubt, the authorization under this paragraph may include, without limitation, use 

  
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or acceptance 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. The Administrative Agent and each of the Credit Parties may, at its option, create one or more copies of any Communication in the form of an imaged Electronic Record (“Electronic
Copy”), which shall be deemed created in the ordinary course of such Person’s business, and destroy the original paper document. All Communications in the form of an Electronic Record, including an Electronic Copy, shall be considered
an original for all purposes, and shall have the same legal effect, validity and enforceability as a paper record. Notwithstanding anything contained herein to the contrary, neither the Administrative Agent, any L/C Issuer nor the Swing Line Lender
is under any obligation to accept an Electronic Signature in any form or in any format unless expressly agreed to by such Person pursuant to procedures approved by it; provided, further, without limiting the foregoing, (a) to the extent the
Administrative Agent, any L/C Issuer and/or the Swing Line Lender has agreed to accept such Electronic Signature, the Administrative Agent and each of the Credit Parties shall be entitled to rely on any such Electronic Signature purportedly given by
or on behalf of any Loan Party and/or any Credit Party without further verification and (b) upon the request of the Administrative Agent or any Credit Party, any Electronic Signature shall be promptly followed by such manually executed
counterpart. For purposes hereof, “Electronic Record” and “Electronic Signature” shall have the meanings assigned to them, respectively, by 15 USC §7006, as it may be amended from time to time. None of the
Administrative Agent, any L/C Issuer or the Swing Line Lender shall be responsible for or have any duty to ascertain or inquire into the sufficiency, validity, enforceability, effectiveness or genuineness of any Loan Document or any other agreement,
instrument or document (including, for the avoidance of doubt, in connection with the Administrative Agent’s, any L/C Issuer’s or the Swing Line Lender’s reliance on any Electronic Signature transmitted by telecopy, emailed .pdf or
any other electronic means). The Administrative Agent, each L/C Issuer and the Swing Line Lender shall be entitled to rely on, and shall incur no liability under or in respect of this Agreement or any other Loan Document by acting upon, any
Communication (which writing may be a fax, any electronic message, Internet or intranet website posting or other distribution or signed using an Electronic Signature) or any statement made to it orally or by telephone and believed by it to be
genuine and signed or sent or otherwise authenticated (whether or not such Person in fact meets the requirements set forth in the Loan Documents for being the maker thereof). Each of the Loan Parties and each Credit Party hereby waives (i) any
argument, defense or right to contest the legal effect, validity or enforceability of this Agreement or any other Loan Document based solely on the lack of paper original copies of this Agreement and/or such other Loan Document, and (ii) waives
any claim against the Administrative Agent and each other Credit Party for any liabilities arising solely from the Administrative Agent’s and/or any Credit Party’s reliance on or use of Electronic Signatures, including any liabilities
arising as a result of the failure of the Loan Parties to use any available security measures in connection with the execution, delivery or transmission of any Electronic Signature. 

10.11 Survival. 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 the Credit Parties, regardless of any
investigation made by any Credit Party or on their behalf and notwithstanding that any Credit Party 

  
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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 (other than
contingent indemnity obligations for which claims have not been made) shall remain unpaid or unsatisfied or any Letter of Credit shall remain outstanding. Further, the provisions of Sections 3.01, 3.04, 3.05 and 10.04 and Article IX shall survive
and remain in full force and effect regardless of the repayment of the Obligations, the expiration or termination of the Letters of Credit and the Commitments or the termination of this Agreement or any provision hereof. In connection with the
termination of this Agreement and the release and termination of the security interests in the Collateral, the Administrative Agent and the Collateral Agent may require such indemnities and collateral security as they shall reasonably deem necessary
or appropriate to protect the Credit Parties against (x) loss on account of credits previously applied to the Obligations that may subsequently be reversed or revoked, (y) any obligations that may thereafter arise with respect to the Other
Liabilities, and (z) any Obligations that may thereafter arise under Section 10.04 hereof. 
 10.12 Severability. If
any provision of this Agreement or the other Loan Documents is held to be illegal, invalid or unenforceable, (a) the legality, validity and enforceability of the remaining provisions of this Agreement and the other Loan Documents shall not be
affected or impaired thereby and (b) the parties shall endeavor in good faith negotiations to replace the illegal, invalid or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the
illegal, invalid or unenforceable provisions. The invalidity of a provision in a particular jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. 

10.13 Replacement of Lenders. If any Lender requests compensation under Section 3.04, or if the Borrowers are required to
pay any additional amount to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 3.01, or if any Lender is a Defaulting Lender or a Non-Consenting Lender, then the
Borrowers may, at their sole expense and effort, upon notice to such Lender and the Administrative Agent, require such Lender to assign and delegate, without recourse (in accordance with and subject to the restrictions contained in, and consents
required by, Section 10.06), all of its interests, rights and obligations under this Agreement and the related Loan Documents to an assignee that shall assume such obligations (which assignee may be another Lender, if a Lender accepts such
assignment), provided that: 
 (a) such Lender shall have received payment of an amount equal to the outstanding
principal of its Loans and L/C Advances, accrued interest thereon, accrued fees and all other amounts payable to it hereunder and under the other Loan Documents (including any amounts under Section 3.05) from the assignee (to the extent of such
outstanding principal and accrued interest and fees) or the Borrowers (in the case of all other amounts); 
 (b) in the case
of any such assignment resulting from a claim for compensation under Section 3.04 or payments required to be made pursuant to Section 3.01, such assignment will result in a reduction in such compensation or payments thereafter; and 

(c) such assignment does not conflict with applicable law. 

  
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 A Lender shall not be required to make any such assignment or delegation if, prior thereto,
as a result of a waiver by such Lender or otherwise, the circumstances entitling the Borrowers to require such assignment and delegation cease to apply. 

In connection with any such replacement, if any such Lender does not execute and deliver to the Administrative Agent a duly executed
Assignment and Assumption reflecting such replacement within two (2) Business Days of the date on which the assignee Lender executes and delivers such Assignment and Assumption to such Lender, then such Lender shall be deemed to have executed
and delivered such Assignment and Assumption without any action on the part of such Lender. Such purchase and sale shall be effective on the date of the payment of such amount to such Lender. 

10.14 Governing Law; Jurisdiction; Etc. 

(a) GOVERNING LAW. THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK, WITHOUT
REGARD TO CONFLICTS OF LAWS PRINCIPLES THEREOF. 
 (b) SUBMISSION TO JURISDICTION. EACH PARTY HERETO IRREVOCABLY AND UNCONDITIONALLY
SUBMITS, FOR ITSELF AND ITS PROPERTY, TO THE EXCLUSIVE JURISDICTION OF THE COURTS OF THE STATE OF NEW YORK SITTING IN NEW YORK COUNTY AND OF THE UNITED STATES DISTRICT COURT OF THE SOUTHERN DISTRICT OF NEW YORK, AND ANY APPELLATE COURT FROM ANY
THEREOF, IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT, OR FOR RECOGNITION OR ENFORCEMENT OF ANY JUDGMENT, AND EACH OF THE PARTIES HERETO IRREVOCABLY AND UNCONDITIONALLY AGREES THAT ALL CLAIMS IN
RESPECT OF ANY SUCH ACTION OR PROCEEDING MAY BE HEARD AND DETERMINED IN SUCH NEW YORK STATE COURT OR, TO THE FULLEST EXTENT PERMITTED BY LAW, IN SUCH FEDERAL COURT. EACH OF THE PARTIES HERETO AGREES THAT A FINAL JUDGMENT IN ANY SUCH ACTION OR
PROCEEDING SHALL BE CONCLUSIVE AND MAY BE ENFORCED IN OTHER JURISDICTIONS BY SUIT ON THE JUDGMENT OR IN ANY OTHER MANNER PROVIDED BY LAW. NOTHING IN THIS AGREEMENT OR IN ANY OTHER LOAN DOCUMENT SHALL AFFECT ANY RIGHT THAT ANY CREDIT PARTY 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. 

(c) WAIVER OF VENUE. EACH PARTY IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY LAW, ANY OBJECTION THAT IT
MAY NOW OR HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT IN ANY COURT REFERRED TO IN PARAGRAPH (B) OF THIS SECTION. EACH OF THE PARTIES HERETO HEREBY
IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY LAW, THE DEFENSE OF AN INCONVENIENT FORUM TO THE MAINTENANCE OF SUCH ACTION OR PROCEEDING IN ANY SUCH COURT. 

  
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 (d) SERVICE OF PROCESS. EACH PARTY HERETO IRREVOCABLY CONSENTS TO SERVICE OF PROCESS
IN THE MANNER PROVIDED FOR NOTICES IN SECTION 10.02. NOTHING IN THIS AGREEMENT WILL AFFECT THE RIGHT OF ANY PARTY HERETO TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY LAW. 

(e) ACTIONS COMMENCED BY LOAN PARTIES. EACH LOAN PARTY AGREES THAT ANY ACTION COMMENCED BY ANY LOAN PARTY ASSERTING ANY CLAIM OR
COUNTERCLAIM ARISING UNDER OR IN CONNECTION WITH THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT SHALL BE BROUGHT SOLELY IN A COURT OF THE STATE OF NEW YORK SITTING IN NEW YORK COUNTY OR THE UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF NEW
YORK AS THE ADMINISTRATIVE AGENT MAY ELECT IN ITS SOLE DISCRETION AND CONSENTS TO THE EXCLUSIVE JURISDICTION OF SUCH COURTS WITH RESPECT TO ANY SUCH ACTION. 

10.15 Waiver of Jury Trial. EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY LAW, ANY RIGHT IT
MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER
THEORY). EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PERSON HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PERSON WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER
AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION. 

10.16 No Advisory or Fiduciary Responsibility. In connection with all aspects of each transaction contemplated hereby, the Loan
Parties each acknowledge and agree that: (i) the credit facility provided for hereunder and any related arranging or other services in connection therewith (including in connection with any amendment, waiver or other modification hereof or of
any other Loan Document) are an arm’s-length commercial transaction between the Loan Parties, on the one hand, and the Credit Parties, on the other hand, and each of the Loan Parties is capable of
evaluating and understanding and understands and accepts the terms, risks and conditions of the transactions contemplated hereby and by the other Loan Documents (including any amendment, waiver or other modification hereof or thereof); (ii) in
connection with the process leading to such transaction, each Credit Party is and has been acting solely as a principal and is not the financial advisor, agent or fiduciary, for the Loan Parties or any of their respective Affiliates, stockholders,
creditors or employees or any other Person; (iii) none of the Credit Parties has 

  
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assumed or will assume an advisory, agency or fiduciary responsibility in favor of the Loan Parties with respect to any of the transactions contemplated hereby or the process leading thereto,
including with respect to any amendment, waiver or other modification hereof or of any other Loan Document (irrespective of whether any of the Credit Parties has advised or is currently advising any Loan Party or any of its Affiliates on other
matters) and none of the Credit Parties has any obligation to any Loan Party or any of its Affiliates with respect to the transactions contemplated hereby except those obligations expressly set forth herein and in the other Loan Documents;
(iv) the Credit Parties and their respective Affiliates may be engaged in a broad range of transactions that involve interests that differ from those of the Loan Parties and their respective Affiliates, and none of the Credit Parties has any
obligation to disclose any of such interests by virtue of any advisory, agency or fiduciary relationship; and (v) the Credit Parties have not provided and will not provide any legal, accounting, regulatory or tax advice with respect to any of
the transactions contemplated hereby (including any amendment, waiver or other modification hereof or of any other Loan Document) and each of the Loan Parties has consulted its own legal, accounting, regulatory and tax advisors to the extent it has
deemed appropriate. Each of the Loan Parties hereby waives and releases, to the fullest extent permitted by law, any claims that it may have against each of the Credit Parties with respect to any breach or alleged breach of agency or fiduciary duty.

 10.17 USA Patriot Act; Beneficial Ownership Regulation. Each Lender and the Administrative Agent (for itself and not
on behalf of any Lender), which are subject to the Patriot Act (as hereinafter defined) and the Beneficial Ownership Regulation hereby notifies the Loan Parties that pursuant to the requirements of the USA PATRIOT Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)) (the “Patriot Act”) and the Beneficial Ownership Regulation, it is required to obtain, verify and record information that identifies each Loan Party,
which information includes the name and address of each Loan Party and other information that will allow such Lender or the Administrative Agent, as applicable, to identify each Loan Party in accordance with the Patriot Act and the Beneficial
Ownership Regulation. 
 10.18 Time of the Essence. Time is of the essence of the Loan Documents. 

10.19 Press Releases. 

(a) Each Credit Party executing this Agreement agrees that neither it nor its Affiliates will in the future issue any press releases or other
public disclosure using the name of Administrative Agent or its Affiliates or any Loan Party or its Affiliates or referring to this Agreement or the other Loan Documents without at least two (2) Business Days’ prior notice to
Administrative Agent or the Lead Borrower, as applicable, and without the prior written consent of Administrative Agent or the Lead Borrower, as applicable unless (and only to the extent that) such Credit Party or Affiliate is required to do so
under Law and then, in any event, such Credit Party or Affiliate will consult with Administrative Agent or the Lead Borrower, as applicable, before issuing such press release or other public disclosure. 

  
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 (b) Each Loan Party consents to the publication by Administrative Agent or any Lender of
advertising material relating to the financing transactions contemplated by this Agreement using any Loan Party’s name, product photographs, logo or trademark upon the Lead Borrower’s approval, not to be unreasonably delayed or withheld.
Administrative Agent or such Lender shall provide a draft reasonably in advance of any advertising material to the Lead Borrower for review and comment prior to the publication thereof. The Administrative Agent reserves the right to provide to
industry trade organizations information necessary and customary for inclusion in league table measurements. 
 10.20 Additional
Waivers. 
 (a) The Obligations are the joint and several obligation of each Loan Party. To the fullest extent permitted by Law, the
obligations of each Loan Party shall not be affected by (i) the failure of any Credit Party to assert any claim or demand or to enforce or exercise any right or remedy against any other Loan Party under the provisions of this Agreement, any
other Loan Document or otherwise, (ii) any rescission, waiver, amendment or modification of, or any release from any of the terms or provisions of, this Agreement or any other Loan Document, or (iii) the failure to perfect any security
interest in, or the release of, any of the Collateral or other security held by or on behalf of the Collateral Agent or any other Credit Party. 

(b) The obligations of each Loan Party shall not be subject to any reduction, limitation, impairment or termination for any reason (other than
the indefeasible payment in full in cash of the Obligations after the termination of the Commitments), including any claim of waiver, release, surrender, alteration or compromise of any of the Obligations, and shall not be subject to any defense or
setoff, counterclaim, recoupment or termination whatsoever by reason of the invalidity, illegality or unenforceability of any of the Obligations or otherwise. Without limiting the generality of the foregoing, the obligations of each Loan Party
hereunder shall not be discharged or impaired or otherwise affected by the failure of any Agent or any other Credit Party to assert any claim or demand or to enforce any remedy under this Agreement, any other Loan Document or any other agreement, by
any waiver or modification of any provision of any thereof, any default, failure or delay, willful or otherwise, in the performance of any of the Obligations, or by any other act or omission that may or might in any manner or to any extent vary the
risk of any Loan Party or that would otherwise operate as a discharge of any Loan Party as a matter of law or equity (other than the indefeasible payment in full in cash of all the Obligations after the termination of the Commitments). 

(c) To the fullest extent permitted by Law, each Loan Party waives any defense based on or arising out of any defense of any other Loan Party
or the unenforceability of the Obligations or any part thereof from any cause, or the cessation from any cause of the liability of any other Loan Party, other than the indefeasible payment in full in cash of all the Obligations and the termination
of the Commitments. The Collateral Agent and the other Credit Parties may, at their election, foreclose on any security held by one or more of them by one or more judicial or non-judicial sales, accept an
assignment of any such security in lieu of foreclosure, compromise or adjust any part of the Obligations, make any other accommodation with any other Loan Party, or exercise any other right or remedy available to them against any other Loan Party,
without affecting or impairing in any way the liability of any Loan Party hereunder except to the extent that all the Obligations have been indefeasibly paid in full in cash and the Commitments have been terminated. Each Loan Party waives any
defense arising out of any such election even though such election operates, pursuant to Law, to impair or to extinguish any right of reimbursement or subrogation or other right or remedy of such Loan Party against any other Loan Party, as the case
may be, or any security. 

  
 -210- 

 (d) Each Loan Party is obligated to repay the Obligations as joint and several obligors
under this Agreement. Upon payment by any Loan Party of any Obligations, all rights of such Loan Party against any other Loan Party arising as a result thereof by way of right of subrogation, contribution, reimbursement, indemnity or otherwise shall
in all respects be subordinate and junior in right of payment to the prior indefeasible payment in full in cash of all the Obligations and the termination of the Commitments. In addition, any indebtedness of any Loan Party now or hereafter held by
any other Loan Party is hereby subordinated in right of payment to the prior indefeasible payment in full of the Obligations and no Loan Party will demand, sue for or otherwise attempt to collect any such indebtedness. If any amount shall
erroneously be paid to any Loan Party on account of (i) such subrogation, contribution, reimbursement, indemnity or similar right or (ii) any such indebtedness of any Loan Party, such amount shall be held in trust for the benefit of the
Credit Parties and shall forthwith be paid to the Administrative Agent to be credited against the payment of the Obligations, whether matured or unmatured, in accordance with the terms of this Agreement and the other Loan Documents. Subject to the
foregoing, to the extent that any Borrower shall, under this Agreement as a joint and several obligor, repay any of the Obligations constituting Loans made to another Borrower hereunder or other Obligations incurred directly and primarily by any
other Borrower (an “Accommodation Payment”), then the Borrower making such Accommodation Payment shall be entitled to contribution and indemnification from, and be reimbursed by, each of the other Borrowers in an amount, for each of
such other Borrowers, equal to a fraction of such Accommodation Payment, the numerator of which fraction is such other Borrower’s Allocable Amount and the denominator of which is the sum of the Allocable Amounts of all of the Borrowers. As of
any date of determination, the “Allocable Amount” of each Borrower shall be equal to the maximum amount of liability for Accommodation Payments which could be asserted against such Borrower hereunder without (a) rendering such
Borrower “insolvent” within the meaning of Section 101 (31) of the Bankruptcy Code, Section 2 of the Uniform Fraudulent Transfer Act (“UFTA”) or Section 2 of the Uniform Fraudulent Conveyance Act
(“UFCA”), (b) leaving such Borrower with unreasonably small capital or assets, within the meaning of Section 548 of the Bankruptcy Code, Section 4 of the UFTA, or Section 5 of the UFCA, or (c) leaving such
Borrower unable to pay its debts as they become due within the meaning of Section 548 of the Bankruptcy Code or Section 4 of the UFTA, or Section 5 of the UFCA. 

10.21 No Strict Construction. The parties hereto have participated jointly in the negotiation and drafting of this Agreement. In
the event an ambiguity or question of intent or interpretation arises, this Agreement shall be construed as if drafted jointly by the parties hereto and no presumption or burden of proof shall arise favoring or disfavoring any party by virtue of the
authorship of any provisions of this Agreement. 
 10.22 Attachments. The exhibits, schedules and annexes attached to this
Agreement are incorporated herein and shall be considered a part of this Agreement for the purposes stated herein, except that in the event of any conflict between any of the provisions of such exhibits and the provisions of this Agreement, the
provisions of this Agreement shall prevail. 

  
 -211- 

 10.23 Conflict of Terms. Except as otherwise provided in this Agreement or any
of the other Loan Documents by specific reference to the applicable provisions of this Agreement, if any provision contained in this Agreement conflicts with any provision in any of the other Loan Documents (other than the Intercreditor Agreements),
the provision contained in this Agreement shall govern and control. 
 10.24 Acknowledgement and Consent to Bail-In of Affected Financial Institutions. Solely to the extent any Lender or L/C Issuer that is an Affected Financial Institution is a party to this Agreement and 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 or L/C Issuer 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 Lender or L/C Issuer 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 applicable Resolution Authority. 

 10.25 Acknowledgement Regarding 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): 

  
 -212- 

 (a) Covered Party. If 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, 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 Regimes 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. If a Covered Party or 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 Regimes if the Supported QFC and 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) Definitions. As used in this Section, (a) “BHC Act Affiliate” means an
“affiliate,” as defined in and interpreted in accordance with 12 U.S.C. §1841(k); (b) “Default Right” has the meaning assigned in and interpreted in accordance with 12 C.F.R. §§252.81, 47.2 or 382.1, as applicable;
and (c) “QFC” means a “qualified financial contract,” as defined in and interpreted in accordance with 12 U.S.C. §5390(c)(8)(D). 

[Signature Pages to Follow] 

  
 -213- 

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

			
	LEAD BORROWER:
	
	ALBERTSONS COMPANIES, INC.
		
	 By:
	 	/s/ Cody Perdue
		 	 Name: Cody Perdue

		 	 Title:  Group Vice President, Treasurer & Assistant
Secretary

 Signature Page to Fourth A&R Albertsons Credit Agreement (ABL) 

 
			
	SUBSIDIARY-BORROWERS:
	
	ALBERTSON’S LLC
	NEW ALBERTSONS L.P.
	SAFEWAY INC.
		
	 By:
	 	/s/ Cody Perdue
		 	 Name: Cody Perdue

		 	 Title:  Group Vice President, Treasurer & Assistant
Secretary

 Signature Page to Fourth A&R Albertsons Credit Agreement (ABL) 

 
			
	 SPIRIT ACQUISITION HOLDINGS LLC

	 UNITED SUPERMARKETS, L.L.C.

		
	 By:
	 	/s/ Bradley R. Beckstrom
		 	Name: Bradley R. Beckstrom
		 	Title:   Group Vice President, Real Estate &
		 	            Business Law & Assistant Secretary

  
 Signature Page to Fourth
A&R Albertsons Credit Agreement (ABL) 

 
	
	 GUARANTORS:

	
	 AB ACQUISITION LLC

	 ABS CA-GL LLC

	 ABS CA-O DC1 LLC

	 ABS CA-O DC2 LLC

	 ABS CA-O LLC

	 ABS DFW INVESTOR LLC

	 ABS FINANCE CO., INC.

	 ABS FLA INVESTOR LLC

	 ABS FLA LEASE INVESTOR LLC

	 ABS ID-GL LLC

	 ABS ID-O DC LLC

	 ABS ID-O LLC

	 ABS MEZZANINE I LLC

	 ABS MEZZANINE III LLC

	 ABS MT-GL LLC

	 ABS MT-O LLC

	 ABS NOCAL LEASE INVESTOR LLC

	 ABS NV-GL LLC

	 ABS NV-O LLC

	 ABS OR-GL LLC

	 ABS OR-O DC LLC

	 ABS OR-O LLC

	 ABS REAL ESTATE HOLDINGS LLC

	 ABS REAL ESTATE INVESTOR HOLDINGS LLC

	 ABS REAL ESTATE OWNER HOLDINGS LLC

	 ABS REALTY LEASE INVESTOR LLC

	 ABS RM INVESTOR LLC

	 ABS RM LEASE INVESTOR LLC

	 ABS SW INVESTOR LLC

	 ABS SW LEASE INVESTOR LLC

	 ABS TX INVESTOR LP

	 ABS UT-GL LLC

	 ABS UT-O DC LLC

	 ABS UT-O LLC

	 ABS WA-GL LLC

	 ABS WA-O LLC

	 ABS WY-GL LLC

	 ABS WY-O LLC

	 ACME MARKETS, INC.

	 AFDI NOCAL LEASE INVESTOR LLC

	 ALBERTSONS COMPANIES SPECIALTY CARE, LLC

	 ALBERTSONS SAFEWAY LLC

  
 Signature Page to Fourth
A&R Albertsons Credit Agreement (ABL) 

 
	
	 ALBERTSON’S STORES SUB HOLDINGS LLC

	 ALBERTSON’S STORES SUB LLC

	 AMERICAN DRUG STORES LLC

	 AMERICAN FOOD AND DRUG LLC

	 AMERICAN PARTNERS, L.P.

	 AMERICAN PROCUREMENT AND LOGISTICS COMPANY LLC

	 AMERICAN STORES COMPANY, LLC

	 AMERICAN STORES PROPERTIES LLC

	 APLC PROCUREMENT, INC.

	 ASC MEDIA SERVICES, INC.

	 ASP REALTY, LLC

	 ASP SW INVESTOR LLC

	 ASR LEASE INVESTOR LLC

	 ASR TX INVESTOR LP

	 AVIA PARTNERS, INC.

	 CARR-GOTTSTEIN FOODS CO.

	 CAYAM ENERGY, LLC

	 CLIFFORD W. PERHAM, INC.

	 COLLINGTON SERVICES LLC

	 CONSOLIDATED PROCUREMENT SERVICES, INC.

	 DINEIN FRESH, LLC

	 DIVARIO VENTURES LLC

	 DOMINICK’S FINER FOODS, LLC

	 DOMINICK’S SUPERMARKETS, LLC

	 EATING RIGHT LLC

	 EXTREME LLC

	 FRESH HOLDINGS LLC

	 GENUARDI’S FAMILY MARKETS LP

	         By: GFM HOLDINGS LLC, its general
partner

	 GFM HOLDINGS I, INC.

	 GFM HOLDINGS LLC

	 GIANT OF SALISBURY, INC.

	 GOOD SPIRITS LLC

	 GROCERYWORKS.COM OPERATING COMPANY, LLC

	 GROCERYWORKS.COM, LLC

	 INFINITE AISLE LLC

	 JA PROCUREMENT LLC

	 JETCO PROPERTIES, INC.

	 JEWEL COMPANIES, INC.

	 JEWEL FOOD STORES, INC.

	 JEWEL OSCO SOUTHWEST LLC

	 LLANO LOGISTICS, INC.

	 LUCERNE DAIRY PRODUCTS LLC

  
 Signature Page to Fourth
A&R Albertsons Credit Agreement (ABL) 

 
	
	 LUCERNE FOODS, INC.

	 LUCERNE NORTH AMERICA LLC

	 LUCKY STORES LLC

	 MEDCART SPECIALTY CARE, LLC

	 NAI HOLDINGS GP LLC

	 NAI SATURN EASTERN LLC

	 NEWCO INVESTMENTS, LLC

	 NHI INVESTMENT PARTNERS, LP

	 O ORGANICS LLC

	 OAKBROOK BEVERAGE CENTERS, INC.

	 RANDALL’S BEVERAGE COMPANY, INC.

	 RANDALL’S FOOD & DRUGS LP

	         By: RANDALL’S FOOD MARKETS, INC., its
    general partner

	 RANDALL’S FOOD MARKETS, INC.

	 RANDALL’S HOLDINGS, INC.

	 RANDALL’S MANAGEMENT COMPANY, INC.

	 SAFEWAY AUSTRALIA HOLDINGS, INC.

	 SAFEWAY CANADA HOLDINGS, INC.

	 SAFEWAY CORPORATE, INC.

	 SAFEWAY DALLAS, INC.

	 SAFEWAY DENVER, INC.

	 SAFEWAY GIFT CARDS, LLC

	 SAFEWAY HEALTH INC.

	 SAFEWAY HOLDINGS I, LLC

	 SAFEWAY NEW CANADA, INC.

	 SAFEWAY PHILTECH HOLDINGS, INC.

	 SAFEWAY REALTY LLC

	         By: Safeway Inc., its sole member

	 SAFEWAY SOUTHERN CALIFORNIA, INC.

	 SAFEWAY STORES 28, INC.

	 SAFEWAY STORES 42, INC.

	 SAFEWAY STORES 44, INC.

	 SAFEWAY STORES 45, INC.

	 SAFEWAY STORES 46, INC.

	 SAFEWAY STORES 47, INC.

	 SAFEWAY STORES 48, INC.

	 SAFEWAY STORES 49, INC.

	 SAFEWAY STORES 58, INC.

	 SAFEWAY STORES 67, INC.

	 SAFEWAY STORES 71, INC.

	 SAFEWAY STORES 72, INC.

	 SAFEWAY STORES 78, INC.

	 SAFEWAY STORES 79, INC.

	 SAFEWAY STORES 80, INC.

	 SAFEWAY STORES 85, INC.

  
 Signature Page to Fourth
A&R Albertsons Credit Agreement (ABL) 

 
			
	 SAFEWAY STORES 86, INC.

	 SAFEWAY STORES 87, INC.

	 SAFEWAY STORES 88, INC.

	 SAFEWAY STORES 89, INC.

	 SAFEWAY STORES 90, INC.

	 SAFEWAY STORES 91, INC.

	 SAFEWAY STORES 92, INC.

	 SAFEWAY STORES 96, INC.

	 SAFEWAY STORES 97, INC.

	 SAFEWAY STORES 98, INC.

	 SHAW’S REALTY CO.
	 	
	 SHAW’S SUPERMARKETS, INC.

	 SSI – AK HOLDINGS, INC.

	 SSM HOLDINGS COMPANY

	 STAR MARKETS COMPANY, INC.

	 STAR MARKETS HOLDINGS, INC.

	 SUNRICH MERCANTILE LLC

	 THE VONS COMPANIES, INC.

	 USM MANUFACTURING L.L.C.

	 WILDCAT MARKETS OPCO
LLC

 
			
		
	 By:
	 	/s/ Bradley R. Beckstrom
		 	 Name: Bradley R. Beckstrom

		 	 Title: Group Vice President, Real Estate &

          Business Law & Assistant Secretary

  
 Signature Page to Fourth
A&R Albertsons Credit Agreement (ABL) 

 
			
	 AB MANAGEMENT SERVICES CORP.

	 ABS REAL ESTATE COMPANY LLC

		
	 By:
	 	 /s/ Cody Perdue

		 	 Name: Cody Perdue

		 	 Title: Group Vice President, Treasurer &

          Assistant Secretary

		 	

  
 Signature Page to Fourth
A&R Albertsons Credit Agreement (ABL) 

 
			
	RANDALL’S INVESTMENTS, INC.
		
	By:	 	/s/ Elena B. Dietrich
		 	Name: Elena B. Dietrich
		 	Title: Vice President & Treasurer

  
 Signature Page to Fourth
A&R Albertsons Credit Agreement (ABL) 

 
			
	SHAW’S REALTY TRUST
		
	By:	 	/s/ Joel Guth
		 	Name: Joel Guth
		 	Title: Trustee

  
 Signature Page to Fourth
A&R Albertsons Credit Agreement (ABL) 

 
			
	BANK OF AMERICA, N.A., as Administrative Agent, as Collateral Agent, as a Lender, as an L/C Issuer and as Swing Line Lender
		
	By:	 	/s/ Polly Hackett
		 	Name: Polly Hackett
		 	Title: Senior Vice President

  
 Signature Page to Fourth
A&R Albertsons Credit Agreement (ABL) 

 
			
	 Wells Fargo Bank, National Association, as a Lender and as an L/C
Issuer

		
	 By:
	 	 /s/ Daniel Hurley

		 	 Name: Daniel Hurley

		 	 Title: Assistant Vice President

  
 Signature Page to Fourth
A&R Albertsons Credit Agreement (ABL) 

 
			
	CITIBANK N.A., as a Lender and as an L/C Issuer
		
	By:	 	/s/ Michelle Pratt
		 	Name: Michelle Pratt
		 	Title: Vice President

  
 Signature Page to Fourth
A&R Albertsons Credit Agreement (ABL) 

 
			
	JPMorgan Chase Bank, N.A., as a Lender and as an L/C Issuer
		
	By:	 	/s/ Jeffrey C. Miller
		 	Name: Jeffrey C. Miller
		 	Title: Executive Director

  
 Signature Page to Fourth
A&R Albertsons Credit Agreement (ABL) 

 
			
	PNC Bank, National Association, as a Lender and as an L/C Issuer
		
	By:	 	/s/ Sari Garrick
		 	Name: Sari Garrick
		 	Title: Senior Vice President

  
 Signature Page to Fourth
A&R Albertsons Credit Agreement (ABL) 

 
			
	U.S. BANK NATIONAL ASSOCIATION, as a
Lender and as an L/C Issuer
		
	By:	 	/s/ Chris Fudge
		 	Name: Chris Fudge
		 	Title: Vice President

  
 Signature Page to Fourth
A&R Albertsons Credit Agreement (ABL) 

 
			
	TRUIST BANK, as a Lender and as an L/C Issuer
		
	By:	 	/s/ Steve Metts
		 	Name: Steve Metts
		 	Title:   Director

  
 Signature Page to Fourth
A&R Albertsons Credit Agreement (ABL) 

 
			
	MUFG, UNION BANK, N.A., as a Lender and as
an L/C Issuer
		
	By:	 	/s/ Peter Ehlinger
		 	Name: Peter Ehlinger
		 	Title: Vice President

  
 Signature Page to Fourth
A&R Albertsons Credit Agreement (ABL) 

 
			
	Bank of Montreal, as a Lender and as an L/C Issuer
		
	By:	 	/s/ Terrence McKenna
		 	Name: Terrence McKenna
		 	Title: Director

  
 Signature Page to Fourth
A&R Albertsons Credit Agreement (ABL) 

 
			
	Credit Suisse AG, New York Branch, as a Lender
and as an L/C Issuer
		
	By:	 	/s/ Doreen Barr
		 	Name: Doreen Barr
		 	Title: Authorized Signatory
		
	By:	 	/s/ Komal Shah
		 	Name: Komal Shah
		 	Title: Authorized Signatory

  
 Signature Page to Fourth
A&R Albertsons Credit Agreement (ABL) 

 
			
	Barclays Bank PLC, as a Lender and as an L/C Issuer
		
	By:	 	/s/ Ritam Bhalla
		 	Name: Ritam Bhalla
		 	Title: Director

  
 Signature Page to Fourth
A&R Albertsons Credit Agreement (ABL) 

 
			
	ROYAL BANK OF CANADA, as a Lender and as
an L/C Issuer
		
	By:	 	/s/ Anna Bernat
		 	Name: Anna Bernat
		 	Title: Attorney-in-Fact

  
 Signature Page to Fourth
A&R Albertsons Credit Agreement (ABL) 

 
			
	TD Bank, N.A., as a Lender and as an L/C Issuer
		
	By:	 	/s/ Edmundo Kahn
		 	Name: Edmundo Kahn
		 	Title: Vice-President

  
 Signature Page to Fourth
A&R Albertsons Credit Agreement (ABL) 

 
			
	FIFTH THIRD BANK, NATIONAL ASSOCIATION, as a Lender and as an L/C Issuer
		
	By:	 	/s/ Jared N. Wile
		 	Name: Jared N. Wile
		 	Title: Assistant Vice President

  
 Signature Page to Fourth
A&R Albertsons Credit Agreement (ABL) 

			
	Goldman Sachs Bank USA, as a Lender and as an L/C Issuer
		
	By:	 	/s/ Rebecca Kratz
		 	Name: Rebecca Kratz
		 	Title: Authorized Signatory

  
 Signature Page to Fourth
A&R Albertsons Credit Agreement (ABL) 

 
			
	 DEUTSCHE BANK AG NEW YORK

BRANCH, as a Lender and as an L/C Issuer

		
	By:	 	/s/ Philip Tancorra
		 	Name: Philip Tancorra
		 	Title:   Vice President
		 	             philip.tancorra@db.com

            
212-250-6576

		
	By:	 	/s/ Jessica Lutrario
		 	Name: Jessica Lutrario
		 	 Title:   Associate

            jessica.lutrario@db.com

            
212-250-8235

	

  
 Signature Page to Fourth
A&R Albertsons Credit Agreement (ABL) 

 
			
	 NYCB SPECIALTY FINANCE COMPANY,

LLC , a wholly owned subsidiary of New York Community Bank, as a Lender

		
	By:	 	/s/ Willard D. Dickerson
		 	Name: Willard D. Dickerson
		 	Title: Senior Vice President

  
 Signature Page to Fourth
A&R Albertsons Credit Agreement (ABL) 

 
			
	Morgan Stanley Senior Funding, Inc., as a Lender and as an L/C Issuer
		
	By:	 	/s/ Michael King
		 	Name: Michael King
		 	Title: Vice President

  
 Signature Page to Fourth
A&R Albertsons Credit Agreement (ABL) 

 
			
	Siemens Financial Services, Inc., as a Lender
		
	By:	 	/s/ Richard Holston
		 	Name: Richard Holston
		 	Title: Vice President
		
	By:	 	/s/ Sonia Vargas
		 	Name: Sonia Vargas
		 	Title: Senior Closing Manager

  
 Signature Page to Fourth
A&R Albertsons Credit Agreement (ABL) 

 
			
	Sumitomo Mitsui Banking Corporation, as a Lender
		
	By:	 	/s/ Sal Settineri
		 	Name: Sal Settineri
		 	Title: Managing Director

  
 Signature Page to Fourth
A&R Albertsons Credit Agreement (ABL) 

 
			
	Bank of the West, A California Corporation, as a Lender
		
	By:	 	 /s/ Adriana Collins

		 	Name: Adriana Collins
		 	Title: Director

  
 Signature Page to Fourth
A&R Albertsons Credit Agreement (ABL) 

 
			
	CIT Bank, N.A., as a Lender
		
	By:	 	 /s/ Robert L. Klein

		 	Name: Robert L. Klein
		 	Title: Director

  
 Signature Page to Fourth
A&R Albertsons Credit Agreement (ABL) 

 
			
	Santander Bank, N.A., as a Lender
		
	By:	 	/s/ Jennifer Baydian
		 	Name: Jennifer Baydian
		 	Title:   Senior Vice President

  
 Signature Page to Fourth
A&R Albertsons Credit Agreement (ABL) 

 
			
	Webster Business Credit, a Division of Webster Bank N.A., as a Lender
		
	By:	 	 /s/ Marc Postiglione

		 	Name: Marc Postiglione
		 	Title: Vice President

  
 Signature Page to Fourth
A&R Albertsons Credit Agreement (ABL) 

 
			
	Zions Bancorporation, N.A. dba Zions Bank, as a Lender
		
	By:	 	 /s/ David R. Player

		 	Name: David R. Player
		 	Title: Senior Vice President

  
 Signature Page to Fourth
A&R Albertsons Credit Agreement (ABL) 

 
			
	THE HUNTINGTON NATIONAL BANK, as a Lender
		
	 By:
	 	 /s/ David Lehner

		 	Name: David Lehner
		 	Title: Senior Vice President

  
 Signature Page to Fourth
A&R Albertsons Credit Agreement (ABL)Exhibit 10.1

 

EXECUTION VERSION

 

FIRST AMENDMENT
dated as of December 20, 2021 (this “Amendment”), to the Credit Agreement dated as of June 3, 2021 (the “Credit
Agreement”), among CWGS GROUP, LLC, a Delaware limited liability company (the “Borrower”), CWGS ENTERPRISES,
LLC, a Delaware limited liability company (“Holdings”), the LENDERS from time to time party thereto (the “Lenders”)
and GOLDMAN SACHS BANK USA, as Administrative Agent (in such capacity, the “Administrative Agent”).

 

 

Capitalized terms used but not
defined herein have the meanings assigned to them in the Amended Credit Agreement (as defined below).

 

The Borrower wishes to obtain,
on the First Amendment Effective Date (as defined below), pursuant to Section 2.22 of the Credit Agreement, an Incremental
Increase in respect of the Initial Term Loans in an aggregate principal amount of $300,000,000 (the loans under such Incremental Increase,
the “First Amendment Incremental Term Loans”) from the Persons set forth on Schedule I hereto (the “First
Amendment Incremental Term Lenders”; the commitment of the First Amendment Incremental Lender to make a First Amendment Incremental
Term Loan hereunder being referred to as its “First Amendment Incremental Term Commitment”), which First Amendment
Incremental Term Loans will have the same Maturity Date as and shall constitute a single Class with the Initial Term Loans outstanding
immediately prior to the effectiveness of this Agreement (the “Existing Initial Term Loans”).

 

Each First Amendment Incremental
Lender is willing to make a First Amendment Incremental Term Loan in a principal amount not to exceed the amount set forth on Schedule
I opposite its name, in each case on the terms and subject to the conditions set forth herein.

 

The Borrower has appointed Goldman
Sachs Bank USA (“Goldman Sachs”) and JPMorgan Chase Bank, N.A. (“JPMorgan”) to act, and Goldman
Sachs and JPMorgan have agreed to act, as joint lead arrangers and joint bookrunners (in such capacities, the “Arrangers”)
in connection with the First Amendment Incremental Term Loans and this Amendment.

 

Accordingly, in consideration
of the mutual agreements herein contained and other good and valuable consideration, the sufficiency and receipt of which are hereby acknowledged,
the parties hereto agree as follows:

 

SECTION 1.
First Amendment Incremental Term Loans. (a)  Subject to the terms and conditions set forth herein, each First Amendment
Incremental Term Lender agrees, severally and not jointly, to make a First Amendment Incremental Term Loan to the Borrower denominated
in dollars in a single drawing on the First Amendment Effective Date in a principal amount not to exceed the amount set forth opposite
such First Amendment Incremental Term Lender’s name on Schedule I hereto. Amounts paid or prepaid in respect of the First
Amendment Incremental Term Loans may not be reborrowed.

 

     

    2

    

 

(b)  Except as set forth
herein or in the Amended Credit Agreement, the terms of the First Amendment Incremental Term Loans shall be identical to those of the
Existing Initial Term Loans. In furtherance of the foregoing, effective as of the First Amendment Effective Date, for all purposes of
the Amended Credit Agreement and the other Loan Documents, (i) the First Amendment Incremental Term Loans shall constitute an Incremental
Increase of and be part of the same Class of Loans as the Existing Initial Term Loans, and shall be “Initial Term Loans”,
 “Term Loans” and “Loans” under the Amended Credit Agreement, including, without limitation, for purposes of the
definitions of the terms “Adjusted LIBO Rate”, “Alternate Base Rate”, “Applicable Rate”, “Maturity
Date” and “Repricing Transaction” and Sections 2.09, 2.10, 2.11(g) and 2.22(a)(iv) of
the Amended Credit Agreement, (ii) the First Amendment Incremental Term Commitments shall be “Term Commitments” and “Commitments”
under the Amended Credit Agreement and (iii) each First Amendment Incremental Term Lender shall be an “Initial Term Lender,
a “Term Lender” and a “Lender” under the Amended Credit Agreement, shall be a party to the Amended Credit Agreement
as an “Initial Term Lender”, a “Term Lender” and a “Lender”, shall have all the rights and obligations
of, and benefits accruing to, an Initial Term Lender, a Term Lender and a Lender under the Amended Credit Agreement and the other Loan
Documents and shall be bound by all agreements, acknowledgements and other obligations of an Initial Term Lender, a Term Lender and a
Lender thereunder. Without limiting the foregoing, (A) the First Amendment Incremental Term Loans shall mature on the Initial Term
Maturity Date, (B) the First Amendment Incremental Term Loans and the Existing Initial Term Loans shall participate on a pro rata
basis as a single Class in any payment or prepayment of Term Loans under the Amended Credit Agreement and (C) the First Amendment
Incremental Term Loans shall bear interest at the rate specified in the Amended Credit Agreement as applicable to the Initial Term Loans.

 

(c)  The funding of the
First Amendment Incremental Term Loans to be made hereunder shall be made in the manner contemplated by Section 2.06 of the
Amended Credit Agreement. Unless previously terminated, the First Amendment Incremental Term Commitments shall automatically terminate
on the funding of the First Amendment Incremental Term Loans on the First Amendment Effective Date.

 

(d)  It is the intent of
the parties to this Amendment that all First Amendment Incremental Term Loans made on the First Amendment Effective Date be included in
each outstanding Borrowing of Initial Term Loans on a pro rata basis. In furtherance of the foregoing, and notwithstanding anything to
the contrary in the Credit Agreement, each of the parties hereto agrees that (i) a portion of each First Amendment Incremental Term
Loan shall be added to (and constitute a part of, be the same Type as and, if applicable, have the same Interest Period as) each Borrowing
of Existing Initial Term Loans on a pro rata basis (based on the relative sizes of such Borrowings), so that each First Amendment Incremental
Term Lender providing such First Amendment Incremental Term Loans will participate proportionately in each outstanding Borrowing of Existing
Initial Term Loans, and (ii) on the first Interest Payment Date after the First Amendment Effective Date, the payment of interest
on the Initial Term Loans (including the First Amendment Incremental Term Loans) shall be allocated by the Administrative Agent among
the Initial Term Lenders in a manner that reflects the actual number of days of interest accrued on the outstanding principal amount of
the First Amendment Incremental Term Loans compared to the actual number of days of interest accrued on the outstanding principal amount
of the Existing Initial Term Loans.

 

     

    3

    

 

(e)  The Borrower shall
use the proceeds of the First Amendment Incremental Term Loans for general corporate purposes, including but not limited to the financing
of acquisitions.

 

SECTION 2.
Amendments to the Credit Agreement. Effective on the First Amendment Effective Date, the Credit Agreement is hereby amended
(as so amended, the “Amended Credit Agreement”) by inserting the language indicated in single underlined text (indicated
textually in the same manner as the following example: single-underlined text) in Exhibit A
hereto and by deleting the language indicated by strikethrough text (indicated textually in the same manner as the following example:
stricken text) in Exhibit A hereto.

 

SECTION 3.
Representations and Warranties. To induce the other parties hereto to enter into this Amendment, each of Holdings and the
Borrower represents and warrants to the Lenders party hereto that, as of the First Amendment Effective Date:

 

(a)  This Amendment has
been duly authorized, executed and delivered by each Loan Party and constitutes a legal, valid and binding obligation of each Loan Party,
enforceable against such Loan Party in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium
or other laws affecting creditors’ rights generally and subject to general principles of equity, regardless of whether considered
in a proceeding in equity or at law.

 

(b)  The representations
and warranties of each Loan Party set forth in the Loan Documents are true and correct in all material respects on and as of the First
Amendment Effective Date; provided that (i) to the extent that such representations and warranties specifically refer to an
earlier date, they are true and correct in all material respects as of such earlier date and (ii) any representation and warranty
that is qualified by “materiality”, “Material Adverse Effect” or similar language is true and correct in all respects
on and as of the First Amendment Effective Date or as of such earlier date, as the case may be.

 

(c)  At the time of and
immediately after giving effect to the incurrence of the First Amendment Incremental Term Loans, no Default or Event of Default will have
occurred and be continuing.

 

SECTION 4.
Conditions to First Amendment Effective Date. The effectiveness of this Amendment is subject to the satisfaction of the
following conditions precedent (the first date of the satisfaction thereof is referred to as the “First Amendment Effective Date”):

 

     

    4

    

 

(a)  The Administrative
Agent shall have executed this Amendment and shall have received from Holdings, the Borrower, each other Loan Party and each First Amendment
Incremental Term Lender a counterpart of this Amendment signed on behalf of such party (which, subject to Section 9.06(b) of
the Credit Agreement, may include any Electronic Signatures transmitted by facsimile or by email as a “.pdf” or “.tif”
attachment that reproduces an image of an actual executed signature page).

 

(b)  The Administrative
Agent shall have received a written opinion in respect of Holdings and the Borrower (addressed to the Administrative Agent and the First
Amendment Incremental Term Lenders and dated the First Amendment Effective Date) of Kirkland & Ellis LLP, counsel for Holdings
and the Borrower, in form and substance reasonably satisfactory to the Administrative Agent.

 

(c)  The Administrative
Agent shall have received certificates of good standing from the secretary of state of the state of organization of each of the Borrower
and Holdings (to the extent such concept exists in such jurisdiction) dated as of a recent date prior to the First Amendment Effective
Date, customary certificates of resolutions or other action, incumbency certificates and other certificates of Responsible Officers of
the Borrower and Holdings either (i) certifying true and complete copies of the Organizational Documents attached thereto or (ii) certifying
that there have been no changes to the Organizational Documents since the Effective Date, and evidencing the identity, authority and capacity
of each Responsible Officer thereof authorized to act as a Responsible Officer in connection with this Amendment and the other Loan Documents
to which each of the Borrower and Holdings is a party or is to be a party on the First Amendment Effective Date.

 

(d)  The Administrative
Agent shall have received a certificate, dated the First Amendment Effective Date and signed on behalf of Holdings and the Borrower by
a Responsible Officer of each such Loan Party, confirming the accuracy of the representations and warranties set forth in Section 3
hereof.

 

(e)  The Administrative
Agent shall have received a certificate from the chief financial officer of Holdings, substantially in the form of Exhibit C
to the Credit Agreement, certifying as to the solvency of Holdings, the Borrower and its Subsidiaries on a consolidated basis after giving
effect to the transactions contemplated hereby to occur on the First Amendment Effective Date.

 

(f)  The Arrangers shall
have received all fees and other amounts previously agreed in writing by the Borrower to be due and payable on or prior to the First Amendment
Effective Date in connection with the transactions contemplated hereby, including reimbursement or payment of all reasonable and documented
out-of-pocket expenses (including reasonable fees, charges and disbursements of counsel) required to be reimbursed or paid by any Loan
Party the Credit Agreement or any other Loan Document.

 

(g)  The Administrative
Agent shall have received a written Borrowing Request from the Borrower in respect of the First Amendment Incremental Term Loans complying
with the requirements in Section 2.03 of the Credit Agreement not later than 12:00 noon, New York City time, one Business Day
before the First Amendment Effective Date (or such later date as the Administrative Agent may agree).

 

     

    5

    

  

(h)  The Administrative
Agent shall have received, at least three days prior to the First Amendment Effective Date, all documentation and other information relating
to the Loan Parties (including, if the Borrower qualifies as a “legal entity customer” under the Beneficial Ownership Regulation,
a Beneficial Ownership Certification in relation to the Borrower) as shall have been requested in writing by the Administrative Agent
or the First Amendment Incremental Term Lenders that they shall have determined is required by regulatory authorities under applicable
 “know your customer” and anti-money laundering rules and regulations, including, without limitation, the USA Patriot
Act.

 

The Administrative Agent shall notify the Lenders
of the occurrence of the First Amendment Effective Date, and such notice shall be conclusive and binding.

 

SECTION 5.
Reaffirmation by the Loan Parties. Each Loan Party hereby unconditionally and irrevocably ratifies and reaffirms (a) each
grant of a Lien on its property previously made by it made pursuant to the Security Documents to which it is a party and confirms that
such Liens continue to have full force and effect, in each case after giving effect to this Amendment and the amendments to the Credit
Agreement effected hereby, to secure the Loan Document Obligations (including Loan Document Obligations in respect of the First Amendment
Incremental Term Loans), subject to the terms thereof (it being understood that the foregoing ratification and reaffirmation is not intended
to, and does not, release any of the Liens so previously granted by it), and (b) its Guarantee of the Loan Document Obligations (including
Loan Document Obligations in respect of the First Amendment Incremental Term Loans) and confirms that such Guarantee continues to have
full force and effect, in each case after giving effect to this Amendment and the amendments to the Credit Agreement effected hereby.

 

SECTION 6.
Effect of Amendment. (a)  Except as expressly set forth herein, this Amendment shall not by implication or otherwise
limit, impair, constitute a waiver of, or otherwise affect, the rights and remedies of the Lenders, the Issuing Banks or the Administrative
Agent under the Credit Agreement or any other Loan Document, and shall not alter, modify, amend or in any way affect any of the terms,
conditions, obligations, covenants or agreements contained in the Credit Agreement or any other Loan Document, all of which are ratified
and affirmed in all respects and shall continue in full force and effect. Nothing herein shall be deemed to entitle any Loan Party to
a consent to, or a waiver, amendment, modification or other change of, any of the terms, conditions, obligations, covenants or agreements
contained in the Credit Agreement or any other Loan Document in similar or different circumstances.

 

(b)  On and after the First
Amendment Effective Date, each reference in the Credit Agreement to “this Agreement”, “hereunder”, “hereof”,
 “herein”, or words of like import, and each reference to the Credit Agreement in any other Loan Document, shall be deemed
to be a reference to the Amended Credit Agreement. This Amendment shall constitute a “Loan Document” and an “Incremental
Facility Amendment” for all purposes of the Credit Agreement and the other Loan Documents.

 

     

    6

    

 

SECTION 7. Counterparts.
This Amendment may be executed in counterparts (and by different parties hereto on different counterparts), each of which shall constitute
an original, but all of which when taken together shall constitute a single contract. Delivery of an executed counterpart of a signature
page of this Amendment that is an Electronic Signature transmitted by fax or by email as a “.pdf” or “.tif”
attachment that reproduces an image of an actual executed signature page and shall be effective as delivery of a manually executed
counterpart of this Amendment. The words “execution”, “signed”, “signature”, “delivery”,
and words of like import in or relating to this Amendment shall be deemed to include Electronic Signatures, deliveries or the keeping
of records in any electronic form (including deliveries by facsimile or by email as a “.pdf” or “.tif” attachment
that reproduces an image of an actual executed signature page), each of which shall be of the same legal effect, validity or enforceability
as a manually executed signature, physical delivery thereof or the use of a paper-based recordkeeping system, as the case may be.

 

SECTION 8. Governing
Law. This Amendment shall be construed in accordance with and governed by the laws of the State of New York.

 

SECTION 9. Headings.
Section headings used herein are for convenience of reference only, are not part of this Amendment and shall not affect the construction
of, or be taken into consideration in interpreting, this Amendment.

 

[Signature Pages Follow]

 

     

     

    

 

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

 

	 	CWGS GROUP, LLC
	 	 
	 	By:	
    /s/ Brent Moody

	 	 	Name:	Brent Moody
	 	 	Title:	President

 

	 	CWGS ENTERPRISES, LLC
	 	 
	 	By:	
    /s/ Brent Moody

	 	 	Name:	Brent Moody
	 	 	Title:	President

 

     

     

    

 

	 	
    ACTIVE SPORTS, INC.

    AFFINITY BROKERAGE, LLC

    AFFINITY GROUP HOLDING, LLC

    AFFINITY GUEST SERVICES, LLC

    AFFINITY ROAD & TRAVEL CLUB, LLC

    AGI INTERMEDIATE HOLDCO, LLC

    AGI PRODUCTIONS, LLC

    ALLURE RV, LLC

    AMERICAS ROAD & TRAVEL CLUB, INC.

    CAMP COAST TO COAST, LLC

    CAMPING WORLD CARD SERVICES, INC.

    CAMPING WORLD INSURANCE SERVICES OF KENTUCKY, INC.

    CAMPING WORLD INSURANCE SERVICES OF NEVADA, INC.

    CAMPING WORLD INSURANCE SERVICES OF TEXAS, INC.

    CAMPING WORLD, INC.

    CAMPING WORLD PROPERTY, INC.

    COAST MARKETING GROUP, LLC

    CWFR CAPITAL CORP.

    CWGS VENTURES, LLC

    CWI, INC.

    EHLERT PUBLISHING GROUP, LLC

    FREEDOMROADS HOLDING COMPANY, LLC

    FRHP LINCOLNSHIRE, LLC

    GANDER OUTDOORS, LLC

    GOLF CARD INTERNATIONAL, LLC

    GOLF CARD RESORT SERVICES, LLC

    GOOD SAM DIGITAL SOLUTIONS, LLC

    GOOD SAM ENTERPRISES, LLC

    GSS ENTERPRISES, LLC

    ITM HOLDING COMPANY #2, LLC

    ITM HOLDING COMPANY, LLC

    OUTDOOR BUYS, INC.

    POWER SPORTS MEDIA, LLC

    RV’S.COM, LLC

    TL ENTERPRISES, LLC

    UNCLE DAN’S, LTD.

    W82, LLC

	 	 
	 	By:	
    /s/ Brent Moody

	 	 	Name:	Brent Moody
	 	 	Title:	President

 

     

     

    

 

	 	GOLDMAN SACHS BANK
    USA, individually and as the Administrative Agent
	 	 
	 	By:	/s/
    Thomas Manning

	 	 	Name: 	Thomas Manning
	 	 	Title:	Authorized Signatory

 

     

     

    

 

SCHEDULE I

  

FIRST AMENDMENT INCREMENTAL TERM COMMITMENTS

 

     

     

    

 

EXHIBIT A

 

Amended Credit Agreement

 

See attached

 

     

     

    

 

EXECUTION VERSION

 

 

CREDIT AGREEMENT

 

dated as of

 

June 3, 2021,

 

as amended by the First Amendment
dated as of December 20, 2021

 

among

 

CWGS ENTERPRISES, LLC,

as Holdings,

 

CWGS GROUP, LLC,

as Borrower,

 

The LENDERS Party Hereto

 

and

 

GOLDMAN SACHS BANK USA,

as Administrative Agent

 

 

 

 

GOLDMAN SACHS BANK USA

and JPMORGAN CHASE BANK,
N.A.,

as Joint Lead Arrangers and Joint Bookrunners

 

GOLDMAN SACHS BANK USA,

as Syndication Agent

 

GOLDMAN SACHS BANK USA,

as Documentation Agent

 

 

     

     

    

 

TABLE OF CONTENTS

 

	 	 	Page
	ARTICLE I
	DEFINITIONS
	 	 	 
	Section 1.01	Defined Terms	1
	Section 1.02	Classification of Loans and Borrowings	54
	Section 1.03	Terms Generally	54
	Section 1.04	Accounting Terms; GAAP; Pro Forma Basis	55
	Section 1.05	Cashless Rollovers	56
	Section 1.06	Certain Calculations and Tests	57
	Section 1.07	Divisions	58
	Section 1.08	Interest Rates; LIBOR Notification	58
	 	 	 
	ARTICLE II
	THE CREDITS
	 	 	 
	Section 2.01	Commitments	59
	Section 2.02	Loans and Borrowings	59
	Section 2.03	Requests for Borrowings	60
	Section 2.04	Swingline Loans	61
	Section 2.05	Letters of Credit	63
	Section 2.06	Funding of Borrowings	69
	Section 2.07	Interest Elections	70
	Section 2.08	Termination and Reduction of Commitments	71
	Section 2.09	Repayment of Loans; Evidence of Debt	71
	Section 2.10	Amortization of Term Loans	72
	Section 2.11	Prepayment of Loans	73
	Section 2.12	Fees	76
	Section 2.13	Interest	77
	Section 2.14	Alternate Rate of Interest	78
	Section 2.15	Increased Costs	79
	Section 2.16	Break Funding Payments	81
	Section 2.17	Taxes	81
	Section 2.18	Payments Generally; Pro Rata Treatment; Sharing of Setoffs	84
	Section 2.19	Mitigation Obligations; Replacement of Lenders	86
	Section 2.20	Defaulting Lenders	87
	Section 2.21	Illegality	89
	Section 2.22	Incremental Facilities	90
	Section 2.23	Refinancing Amendments	94
	Section 2.24	Extensions and Modifications	98
	 	 	 
	ARTICLE III
	REPRESENTATIONS AND WARRANTIES
	 	 	 
	Section 3.01	Organization; Powers	101
	Section 3.02	Authorization; Enforceability	101
	Section 3.03	Governmental Approvals; No Conflicts	101
	Section 3.04	Financial Condition; No Material Adverse Effect	101
	Section 3.05	Properties	102

 

    i

     

    

 

	Section 3.06	Litigation and Environmental Matters	102
	Section 3.07	Compliance with Laws and Agreements	102
	Section 3.08	Investment Company Status	103
	Section 3.09	Taxes	103
	Section 3.10	ERISA	103
	Section 3.11	Disclosure	103
	Section 3.12	Subsidiaries	104
	Section 3.13	Intellectual Property; Licenses, Etc.	104
	Section 3.14	Solvency	104
	Section 3.15	Senior Indebtedness	104
	Section 3.16	Federal Reserve Regulations	104
	Section 3.17	Use of Proceeds	104
	Section 3.18	Sanctions Laws; USA Patriot Act	105
	Section 3.19	No Unlawful Contributions or Other Payments	105
	 	 	 
	ARTICLE IV
	CONDITIONS
	 	 	 
	Section 4.01	Effective Date	105
	Section 4.02	Each Credit Event	107
	 	 	 
	ARTICLE V
	AFFIRMATIVE COVENANTS
	 	 	 
	Section 5.01	Financial Statements and Other Information	108
	Section 5.02	Notices of Material Events	110
	Section 5.03	Information Regarding Collateral	110
	Section 5.04	Existence; Conduct of Business	111
	Section 5.05	Payment of Taxes, etc	111
	Section 5.06	Maintenance of Properties	111
	Section 5.07	Insurance	111
	Section 5.08	Books and Records; Inspection and Audit Rights	112
	Section 5.09	Compliance with Laws	112
	Section 5.10	Use of Proceeds and Letters of Credit	112
	Section 5.11	Additional Subsidiaries	113
	Section 5.12	Further Assurances	113
	Section 5.13	Margin Stock	114
	Section 5.14	Maintenance of Rating	114
	 	 	 
	ARTICLE VI
	NEGATIVE COVENANTS
	 	 	 
	Section 6.01	Indebtedness; Certain Equity Securities	114
	Section 6.02	Liens	117
	Section 6.03	Fundamental Changes	119
	Section 6.04	Investments, Loans, Advances, Guarantees and Acquisitions	121
	Section 6.05	Asset Sales	123
	Section 6.06	Sale and Leaseback Transactions	125
	Section 6.07	Restricted Payments; Restricted Debt Payments	125
	Section 6.08	Transactions with Affiliates	128
	Section 6.09	Restrictive Agreements	129
	Section 6.10	Amendment of Restricted Debt	130

 

    ii

     

    

 

	Section 6.11	Financial Performance Covenant	130
	Section 6.12	Changes in Fiscal Periods	130
	Section 6.13	Holding Company	131
	Section 6.14	FreedomRoads Entities	131
	 	 	 
	ARTICLE VII
	EVENTS OF DEFAULT
	 	 	 
	Section 7.01	Events of Default	131
	Section 7.02	Right to Cure	134
	 	 	 
	ARTICLE VIII
	ADMINISTRATIVE AGENT
	 	 	 
	Section 8.01	Appointment and Authorization of Agents	135
	Section 8.02	Rights as a Lender	135
	Section 8.03	Exculpatory Provisions	136
	Section 8.04	Reliance by Administrative Agent	137
	Section 8.05	Delegation of Duties	137
	Section 8.06	Indemnification of the Administrative Agent	137
	Section 8.07	Resignation of Administrative Agent	138
	Section 8.08	Non-Reliance on Agents and Other Lenders	139
	Section 8.09	Administrative Agent May File Proofs of Claim	141
	Section 8.10	Withholding Taxes	142
	Section 8.11	Binding Effect	142
	Section 8.12	Additional Secured Parties	143
	Section 8.13	Certain Lender Representations	143
	 	 	 
	ARTICLE IX
	MISCELLANEOUS
	 	 	 
	Section 9.01	Notices	144
	Section 9.02	Waivers; Amendments	146
	Section 9.03	Expenses; Indemnity; Damage Waiver	151
	Section 9.04	Successors and Assigns	153
	Section 9.05	Survival	159
	Section 9.06	Counterparts; Integration; Effectiveness; Electronic Execution	160
	Section 9.07	Severability	161
	Section 9.08	Right of Setoff	161
	Section 9.09	Governing Law; Jurisdiction; Consent to Service of Process	161
	Section 9.10	WAIVER OF JURY TRIAL	162
	Section 9.11	Headings	162
	Section 9.12	Confidentiality	163
	Section 9.13	USA Patriot Act and Beneficial Ownership Regulation	164
	Section 9.14	Judgment Currency	164
	Section 9.15	Release of Liens and Guarantees	165
	Section 9.16	No Advisory or Fiduciary Responsibility	166
	Section 9.17	Interest Rate Limitation	166
	Section 9.18	Intercreditor Agreements	166
	Section 9.19	Acknowledgement and Consent to Bail-In of Affected Financial Institutions	167
	Section 9.20	Acknowledgement Regarding Any Supported QFCs	168

 

    iii

     

    

 

	SCHEDULES:	 	 
	 	 	 
	Schedule 2.01	—	Commitments
	Schedule 2.05	—	Existing Letters of Credit
	Schedule 3.06	—	Litigation
	Schedule 3.12	—	Subsidiaries
	Schedule 6.01	—	Existing Indebtedness
	Schedule 6.02	—	Existing Liens
	Schedule 6.04	—	Existing Investments
	Schedule 6.08	—	Existing Affiliate Transactions
	Schedule 6.09	—	Existing Restrictions
	Schedule 9.01	—	Notices
	 	 	 
	EXHIBITS:	 	 
	 	 	 
	Exhibit A-1	—	Form of Assignment and Assumption
	Exhibit A-2	—	Form of Affiliated Lender Assignment and Assumption
	Exhibit B	—	Form of Perfection Certificate
	Exhibit C	—	Form of Solvency Certificate
	Exhibit D	—	Form of Intercompany Note
	Exhibit E-1	—	Form of Tax Status Certificate 1
	Exhibit E-2	—	Form of Tax Status Certificate 2
	Exhibit E-3	—	Form of Tax Status Certificate 3
	Exhibit E-4	—	Form of Tax Status Certificate 4
	Exhibit F	—	Form of Borrowing Request
	Exhibit G	—	Form of Interest Election Request
	Exhibit H	—	Form of Prepayment Notice
	Exhibit I-1	—	Form of Term Note
	Exhibit I-2	—	Form of Revolving Note
	Exhibit I-3	—	Form of Swingline Note

 

    iv

     

    

 

CREDIT AGREEMENT dated as of June 3, 2021 (as
amended by the First Amendment dated as of December 20, 2021 and as further amended,
restated or otherwise modified from time to time, this “Agreement”), among CWGS ENTERPRISES, LLC, a Delaware limited liability
company (“Holdings”), CWGS GROUP, LLC, a Delaware limited liability company (the “Borrower”), the LENDERS party
hereto and GOLDMAN SACHS BANK USA, as Administrative Agent.

 

The Borrower has requested that (a) the Initial
Term Lenders extend credit to the Borrower in the form of Initial Term Loans on the Effective Date in an initial aggregate principal amount
of $1,100,000,000 to effect the Refinancing and to pay Transaction Costs, and (b) the Initial Revolving Lenders extend credit to
the Borrower in the form of $65,000,000 in aggregate Initial Revolving Commitments to fund working capital and for general corporate purposes,
including permitted acquisitions and capital expenditures.

 

The Borrower has requested that
the First Amendment Incremental Term Lenders extend credit to the Borrower in the form of First Amendment Incremental Term Loans on the
First Amendment Effective Date in an initial aggregate principal amount of $300,000,000 for general corporate purposes, including but
not limited to the financing of acquisitions.

 

The Lenders have indicated their willingness to extend
such credit 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

 

SECTION 1.01     Defined
Terms. As used in this Agreement, the following terms have the meanings specified below:

 

“ABR” when used in reference to
any Loan or Borrowing, refers to whether such Loan, or the Loans comprising such Borrowing, are bearing interest at a rate determined
by reference to the Alternate Base Rate.

 

“Acceptable Intercreditor Agreement”
means any intercreditor or subordination agreement governing arrangements for the sharing and/or subordination of Liens and/or arrangements
relating to the distribution of payments, as applicable, the terms of which are consistent with market terms (as determined by the Borrower
and the Administrative Agent in good faith) at the time the relevant intercreditor or subordination agreement is proposed to be established
in light of the type of Indebtedness subject thereto. Without limiting the foregoing provisions of this definition, any proposed intercreditor
or subordination agreement a copy of which shall have been provided by the Administrative Agent to the Lenders shall be deemed an Acceptable
Intercreditor Agreement so long as the Administrative Agent has not received, within five Business Days of having so provided a copy thereof,
a written notice of objection thereto from Lenders comprising the Required Lenders.

 

“Acquired EBITDA” means, with
respect to any Acquired Entity or Business for any period prior to the consummation of the applicable acquisition, the amount for such
period of Consolidated EBITDA of such Acquired Entity or Business (determined as if references to the Borrower and its Subsidiaries in
the definition of the term “Consolidated EBITDA” (and the component financial definitions used therein) were references to
such Acquired Entity or Business and its subsidiaries that will become Subsidiaries), all as determined on a consolidated basis for such
Acquired Entity or Business.

 

    1

     

    

 

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

 

“Additional Amendment” has the
meaning assigned to such term in Section 9.02(c)(ii).

 

“Additional Commitment” means
any commitment established pursuant to Section 2.22, 2.23 or 2.24.

 

“Additional Revolving Commitment”
means any revolving credit commitment established pursuant to Section 2.23 or 2.24.

 

“Additional Revolving Exposure”
means, with respect to any Lender at any time, the sum of (a) the aggregate outstanding principal amount at such time of such Lender’s
Additional Revolving Loans plus (b) the amount of such Lender’s LC Exposure and Swingline Exposure at such time, in
each case, attributable to its Additional Revolving Commitment.

 

“Additional Revolving Loan” means
any revolving loan made pursuant to an Additional Revolving Commitment.

 

“Additional Term Commitment” means
any term commitment established pursuant to Section 2.22, 2.23 or 2.24.

 

“Additional Term Loan” means any
term loan made, or made pursuant to an Additional Term Commitment established, pursuant to Section 2.22, 2.23 or 2.24.

 

“Adjusted LIBO Rate” means, with
respect to any Eurocurrency Borrowing for any Interest Period, an interest rate per annum equal to (a) the LIBO Rate for such Interest
Period multiplied by (b) the Statutory Reserve Rate. Notwithstanding the foregoing, in no event shall the Adjusted LIBO Rate
be less than (i) solely with respect to the Initial Term Loans, 0.75% per annum and (ii) otherwise, 0.00% per annum.

 

“Administrative Agent” means Goldman
Sachs Bank USA, in its capacity as administrative agent and collateral agent hereunder and under the other Loan Documents, and its successors
in such capacity as provided in Article VIII.

 

“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 a specified Person, another Person that directly or indirectly Controls or is Controlled by or is under common Control with the Person
specified.

 

“Affiliated Debt Funds” means
any 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 or securities in the ordinary course and with
respect to which the Persons directing the investment policies of such Affiliate Lender are not primarily engaged in the making, acquiring
or holding of equity investments in CWH, Holdings, the Borrower or any of their respective subsidiaries.

 

    2

     

    

 

“Affiliated Lender” means, at
any time, any Lender that is the Sponsor or an Affiliate of the Sponsor (other than CWH, Holdings, the Borrower or any of their respective
subsidiaries) at such time.

 

“Agent Parties” has the meaning
assigned to such term in Section 9.01(c).

 

“Aggregate Revolving Exposure”
means, at any time, the sum of (a) the aggregate principal amount of all the Revolving Loans and Swingline Loans outstanding at such
time and (b) the aggregate LC Exposure at such time.

 

“Agreement” has the meaning assigned
to such term in the preamble hereto.

 

“Agreement Currency” has the meaning
assigned to such term in Section 9.14(b).

 

“Alternate Base Rate” means, for
any day, a rate per annum equal to the greatest of (a) the Prime Rate in effect on such day, (b) the NYFRB Rate in effect on
such day plus 1/2 of 1% and (c) the Adjusted LIBO Rate determined on such date (or if such day is not a Business Day, the immediately
preceding Business Day) that would be applicable to a Eurodollar Borrowing with an Interest Period of one month (after giving effect to
any LIBO Rate “floor”) plus 1%. In the event the Adjusted LIBO Rate is not determinable, then for purposes of clause (c) above
the Adjusted LIBO Rate shall be deemed to be 0.00%. Any change in the Alternate Base Rate due to a change in the Prime Rate, the NYFRB
Rate or the Adjusted LIBO Rate shall be effective from and including the effective date of such change in the Prime Rate, the NYFRB Rate
or the Adjusted LIBO Rate, respectively. Notwithstanding the foregoing,

 

(i) the
Alternate Base Rate will be deemed to be 1.00% per annum if the Alternate Base Rate calculated pursuant to the foregoing provisions would
otherwise be less than 1.00% per annum and (ii) solely with respect to the Alternate Base Rate applicable to the Initial Term Loans,
the Alternate Base Rate will be deemed to be 1.75% per annum if the Alternate Base Rate calculated pursuant to the foregoing provisions
would otherwise be less than 1.75% per annum.

 

“Anti-Corruption Laws” has the meaning assigned
to such term in Section 3.19.

 

“Applicable Account” means, with
respect to any payment to be made to the Administrative Agent hereunder, the account specified by the Administrative Agent from time to
time for the purpose of receiving payments of such type.

 

“Applicable Creditor” has the meaning assigned
to such term in Section 9.14(b).

 

“Applicable Percentage” means,
at any time with respect to any Revolving Lender, the percentage of the aggregate Revolving Commitments represented by such Lender’s
Revolving Commitment at such time; provided that, for purposes of Section 2.20, at any time any Revolving Lender shall be
a Defaulting Lender, “Applicable Percentage” shall mean the percentage of the aggregate Revolving Commitments (disregarding
any such Defaulting Lender’s Revolving Commitment) represented by such Lender’s Revolving Commitment. In the event that (a) the
Revolving Commitments of any Class have terminated in accordance with the terms hereof (other than pursuant to Article VII),
the Applicable Percentages shall be recalculated without giving effect to the Revolving Commitments of such Class or (b) the
Revolving Commitments of all Classes have terminated (or the Revolving Commitments of any Class have terminated pursuant to Article VII),
the Applicable Percentages shall be determined based upon the Revolving Commitments (or the Revolving Commitments of such Class) most
recently in effect, giving effect to any assignments pursuant to this Agreement and to any Revolving Lender’s status as a Defaulting
Lender at the time of determination.

 

    3

     

    

 

“Applicable Rate” means, for any
day, (a) with respect to any Initial Term Loan, (i) 1.50% per annum, in the case of an ABR Loan, or (ii) 2.50% per annum,
in the case of a Eurocurrency Loan, and (b) with respect to any Initial Revolving Loan or any Swingline Loan, (x) until delivery
of financial statements and the accompanying Compliance Certificate for the first full fiscal quarter commencing on or after the Effective
Date, (i) 1.50% per annum, in the case of an ABR Loan, or (ii) 2.50% per annum, in the case of a Eurocurrency Loan, and (y) thereafter,
the following percentages per annum, based upon the Total Net Leverage Ratio as of the last day of the most recently ended Test Period
(as such ratio is set forth in the most recent Compliance Certificate delivered to the Administrative Agent pursuant to Section 5.01(c)):

 

	 	Total	 	 
	Pricing Level	Net Leverage Ratio	Eurocurrency	ABR
	1	≤ 1.00:1.00	2.25%	1.25%
	2	> 1.00:1.00	2.50%	1.50%

 

Any increase or decrease in the Applicable Rate resulting
from a change in the Total Net Leverage Ratio shall become effective as of the first Business Day immediately following the date a Compliance
Certificate indicating such change is delivered pursuant to Section 5.01(c); provided, however, that if a Compliance
Certificate is not delivered when due in accordance with such Section, then (a) the pricing theretofore in effect shall continue
in effect until the earlier of the delivery of such Compliance Certificate and the sixth Business Day after such Compliance Certificate
was to have been delivered, and (b) on and after such sixth Business Day, until the date on which such Compliance Certificate is
delivered, Pricing Level 2 shall apply.

 

“Approved Bank” has the meaning
assigned to such term in the definition of the term “Permitted Investments”.

 

“Approved Fund” means any Person
(other than a natural person) that is (or will be) engaged in making, purchasing, holding or investing in commercial loans and similar
extensions of credit in the ordinary course of its activities and that is administered or managed by (a) a Lender, (b) an Affiliate
of a Lender or (c) an entity or an Affiliate of an entity that administers or manages a Lender.

 

“Arrangers” means Goldman Sachs
Bank USA and JPMorgan Chase Bank, N.A., as joint lead arrangers and joint bookrunners for the credit facilities established hereunder.

 

“Assignment and Assumption” means
an assignment and assumption entered into by a Lender and an Eligible Assignee (with the consent of any Person whose consent is required
by Section 9.04), which shall be substantially in the form of (a) other than in the case of an assignment to an Affiliated Lender
(other than any Affiliated Debt Fund), Exhibit A-1 and (b) in the case of an assignment to an Affiliated Lender (other than
an Affiliated Debt Fund), Exhibit A-2 or, in each case, any other form reasonably approved by the Administrative Agent.

 

“Auction Agent” means (a) the
Administrative Agent or (b) any other financial institution or advisor engaged by the Borrower (whether or not an Affiliate of the
Administrative Agent) to act as an arranger in connection with any Dutch Auction; provided that the Borrower shall not designate
the Administrative Agent as the Auction Agent without the written consent of the Administrative Agent (it being understood that the Administrative
Agent shall be under no obligation to agree to act as the Auction Agent); provided further that none of the Sponsor, CWH, Holdings,
the Borrower or any of their respective Affiliates may act as the Auction Agent.

 

    4

     

    

 

“Available Amount” means, on any
date of determination, an amount equal to (a) the sum of (i) the Initial Restricted Payment Amount plus (ii) the
net cash proceeds received by the Borrower in connection with the issuance of, or contribution of cash in respect of, its Qualified Equity
Interests after the Effective Date on or prior to such date (other than (A) Qualified Equity Interests issued in connection with
a Cure Right, (B) net cash proceeds received from any Subsidiary or (C) net cash proceeds received from any issuance or contribution
referred to in Section 6.04(b), 6.07(a)(v)(D) or 6.07(a)(vii)) plus (iii) an amount equal to Cumulative Excess Cash
Flow as of such date plus (iv) the amount of any Declined Proceeds minus (b) the aggregate amount of the foregoing sum
previously utilized pursuant to Sections 6.04(m)(ii), 6.07(a)(vi) and 6.07(b)(iv) and the definition of the term “Non-Loan
Party Investment Amount”.

 

“Available Tenor” means, as of
any date of determination and with respect to the then-current Benchmark, as applicable, any tenor for such Benchmark or payment period
for interest calculated with reference to such Benchmark, as applicable, that is or may be used for determining the length of an Interest
Period pursuant to this Agreement as of such date and not including, for the avoidance of doubt, any tenor for such Benchmark that is
then-removed from the definition of “Interest Period” pursuant to Section 2.14(b)(iv).

 

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

 

“Bail-In Legislation” means (a) with
respect to any EEA Member Country implementing Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of
the European Union, the implementing law, regulation, rule or requirement for such EEA Member Country from time to time that 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).

 

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

 

“Benchmark” means, initially,
the LIBO Rate; provided that if a Benchmark Transition Event or an Early Opt-in Election, as applicable, and its related Benchmark
Replacement Date have occurred with respect to the LIBO Rate or the then-current Benchmark, then “Benchmark” means the applicable
Benchmark Replacement to the extent that such Benchmark Replacement has replaced such prior benchmark rate pursuant to Section 2.14(b).

 

“Benchmark Replacement” means,
for any Available Tenor, the first alternative set forth in the order below that can be determined by the Administrative Agent for the
applicable Benchmark Replacement Date:

 

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

 

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

 

    5

     

    

 

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

 

provided
that, in the case of clause (1), such Unadjusted Benchmark Replacement is displayed on a screen or other information service
that publishes such rate from time to time as selected by the Administrative Agent in its reasonable discretion. If the Benchmark Replacement
as determined pursuant to clause (1), (2) or (3) above would be less than the Floor, the Benchmark Replacement will be deemed
to be the Floor for the purposes of this Agreement and the other Loan Documents.

 

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

 

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

 

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

 

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

 

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

 

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

 

    6

     

    

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

    7

     

    

 

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

 

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

 

“Benchmark Unavailability Period”
means the period (if any) (a) beginning at the time that a Benchmark Replacement Date pursuant to clauses (1) or (2) of
that definition has occurred if, at such time, no Benchmark Replacement has replaced the then-current Benchmark for all purposes hereunder
and under any Loan Document in accordance with Section 2.14(b) and (b) ending at the time that a Benchmark Replacement
has replaced the then-current Benchmark for all purposes hereunder and under any Loan Document in accordance with Section 2.14(b).

 

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

 

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

 

“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 Section 4975 of the Code or (c) any Person whose assets include (for purposes of ERISA Section 3(42) or otherwise for
purposes of Title I of ERISA or Section 4975 of the Code) the assets of any such “employee benefit plan” or “plan”.

 

“BHC Act Affiliate” means, with
respect to any Person, an “affiliate” (as such term is defined under, and interpreted in accordance with, 12 U.S.C. §
1841(k)) of such Person.

 

“Board of Directors” means, with
respect to any Person, (a) in the case of any corporation, the board of directors of such Person or any committee thereof duly authorized
to act on behalf of such board, (b) in the case of any limited liability company, the board of managers or board of governors or
equivalent thereof of such Person, (c) in the case of any partnership, the board of directors or board of managers of the general
partner of such Person and (d) in any other case, the functional equivalent of the foregoing.

 

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

 

“Borrower” has the meaning assigned
to such term in the preamble hereto.

 

“Borrower Materials” has the meaning
assigned to such term in Section 5.01.

 

    8

     

    

 

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

 

“Borrowing Minimum” means (a) in
the case of a Eurocurrency Borrowing, $250,000, (b) in the case of an ABR Borrowing (other than a Swingline Loan), $250,000 and (c) in
the case of a Swingline Loan, $100,000.

 

“Borrowing Multiple” means (a) in
the case of a Eurocurrency Borrowing, $100,000, (b) in the case of an ABR Borrowing (other than a Swingline Loan), $100,000 and (c) in
the case of a Swingline Loan, $100,000.

 

“Borrowing Request” means a written
request by the Borrower for a borrowing in accordance with Section 2.03 or 2.04, substantially in the form of Exhibit F,
or any other form reasonably approved by the Administrative Agent.

 

“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 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.

 

“Capital Expenditures” means all
expenditures that, in accordance with GAAP, would be required to be capitalized and shown on the consolidated balance sheet of the Borrower
and its Subsidiaries as “property, plant and equipment” or in a similar line item (including expenditures in respect of Capital
Lease Obligations).

 

“Capital Lease Obligations” of
any Person means the obligations of such Person to pay rent or other amounts under any lease of (or other arrangement conveying the right
to use) real or personal property, or a combination thereof, which obligations are required to be classified and accounted for as capital
leases on a balance sheet of such Person under GAAP, and the amount of such obligations shall be the capitalized amount thereof determined
in accordance with GAAP. For purposes of Section 6.02, a Capital Lease Obligation shall be deemed to be secured by a Lien on the
property being leased and such property shall be deemed to be owned by the lessee.

 

“Cash Management Obligations”
means obligations of Holdings, any Intermediate Parent, the Borrower or any Subsidiary in respect of any overdraft or other liabilities
arising from treasury, depositary and cash management services, any automated clearing house transfer of funds and commercial credit card,
merchant card, employee credit card and other purchasing card services.

 

“Cashless Exchange Letter” means
the Cashless Exchange Letter dated June 3, 2021, among the Borrower, Goldman Sachs Bank USA and the lenders party thereto.

 

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

 

“CFC” (a) any Person that
is a “controlled foreign corporation” (within the meaning of Section 957), but only if a “United States person”
(within the meaning of Section 7701(a)(30)) that is an Affiliate of the Borrower is, with respect to such Person, a “United
States shareholder” (within the meaning of Section 951(b)) described in Section 951(a)(1) and (b) each subsidiary
of any such Person described in clause (a). For purposes of this definition, all Section references are to the Code.

 

    9

     

    

 

“CFC Holdco” means any Domestic
Subsidiary that has no material assets other than Equity Interests of one or more Foreign Subsidiaries that are CFCs.

 

“Change in Control” means (a) the
failure of Holdings to own, directly or indirectly through Wholly Owned Subsidiaries, beneficially and of record, all of the Equity Interests
of the Borrower, (b) the failure of CWH to be the sole managing member of, and to Control, Holdings, (c) the acquisition of
ownership, directly or indirectly, beneficially or of record, by any Person or group (within the meaning of the Exchange Act and the rules of
the SEC thereunder as in effect on the Effective Date), other than the Permitted Holders, of Equity Interests of CWH representing 35%
or more of the aggregate voting power represented by the issued and outstanding Equity Interests in CWH if the percentage of the aggregate
voting power so held is greater at any time than the percentage of the aggregate voting power represented by the Equity Interests in CWH
held by the Permitted Holders, or (d) the occurrence of a “Change of Control” (or similar event, however denominated)
as defined in the documentation governing any Material Indebtedness or the Tax Receivable Agreement (to the extent the obligations of
CWH thereunder are accelerated).

 

“Change in Law” means (a) the
adoption or taking effect of any rule, regulation, treaty or other law after the Effective Date, (b) any change in any rule, regulation,
treaty or other law or in the administration, interpretation, implementation or application thereof by any Governmental Authority after
the Effective Date 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 made or issued after the Effective Date; provided that notwithstanding anything herein to the
contrary, (i) the Dodd-Frank Wall Street Reform and Consumer Protection Act and all rules, regulations, guidelines or directives
thereunder or issued in connection therewith and (ii) 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.

 

“Claim” has the meaning assigned
to such term in Section 9.02(f).

 

“Class”, when used with respect
to (a) any Loan or Borrowing, refers to whether such Loan, or the Loans comprising such Borrowing, are Initial Term Loans, Additional
Term Loans of any series established as a separate “Class” pursuant to Section 2.22, 2.23 or 2.24, Initial Revolving
Loans, Additional Revolving Loans of any series established as a separate “Class” pursuant to Section 2.23 or 2.24 or
Swingline Loans, (b) any Commitment, refers to whether such Commitment is an Initial Term Commitment, an Additional Term Commitment
of any series established as a separate “Class” pursuant to Section 2.22, 2.23 or 2.24, an Initial Revolving Commitment
or an Additional Revolving Commitment of any series established as a separate “Class” pursuant to Section 2.23 or 2.24,
(c) any Lender, refers to whether such Lender has a Loan or Commitment of a particular Class and (d) any Revolving Exposure,
refers to whether such Revolving Exposure is attributable to a Revolving Commitment of a particular Class.

 

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

 

“Collateral” means any and all
assets, whether real or personal, tangible or intangible, on which Liens are purported to be granted pursuant to the Security Documents
as security for the Secured Obligations.

 

“Collateral Agreement” means the
Collateral Agreement, dated as of the Effective Date, among Holdings, the Borrower, each other Loan Party and the Administrative Agent,
as supplemented by any supplement.

 

    10

     

    

 

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

 

(a)            the
Administrative Agent shall have received from (i) Holdings, each Intermediate Parent, the Borrower and each of its Subsidiaries (other
than any Excluded Subsidiary) either (x) a counterpart of the Guarantee Agreement duly executed and delivered on behalf of such Person
or (y) in the case of any Person that becomes a Loan Party after the Effective Date (including by ceasing to be an Excluded Subsidiary),
a supplement to the Guarantee Agreement, in the form specified therein, duly executed and delivered on behalf of such Person and (ii) Holdings,
each Intermediate Parent, the Borrower and each of its Subsidiaries (other than an Excluded Subsidiary) either (x) a counterpart
of the Collateral Agreement duly executed and delivered on behalf of such Person or (y) in the case of any Person that becomes a
Loan Party after the Effective Date (including by ceasing to be an Excluded Subsidiary), a supplement to the Collateral Agreement, in
the form specified therein, duly executed and delivered on behalf of such Person, in each case under this clause (a) together with,
in the case of any such Loan Documents executed and delivered after the Effective Date, to the extent reasonably requested by the Administrative
Agent, documents and opinions of the type referred to in Sections 4.01(b), 4.01(d) and 4.01(f));

 

(b)            all
outstanding Equity Interests (other than any Equity Interests constituting Excluded Assets) owned directly by any Loan Party shall have
been pledged pursuant to the Collateral Agreement, and to the extent required by the Collateral Agreement, the Administrative Agent shall
have received certificates, if any, or other instruments representing all such Equity Interests (other than Equity Interests in Immaterial
Subsidiaries), together with undated stock powers or other instruments of transfer with respect thereto endorsed in blank;

 

(c)            any
Indebtedness for borrowed money (including in respect of cash management arrangements but excluding any such Indebtedness constituting
Excluded Assets) owing to any Loan Party shall have been pledged pursuant to the Collateral Agreement and the Administrative Agent shall
have received (i) to the extent required by the Collateral Agreement, all promissory notes evidencing such Indebtedness in a principal
amount of $5,000,000 or more or (ii) on the Effective Date, an intercompany note in the form of Exhibit D evidencing
all such Indebtedness and, at any time thereafter within 30 days (or such longer period as reasonably agreed to by the Administrative
Agent) following the request of the Administrative Agent, a counterpart to such intercompany note executed by any Intermediate Parent
or Subsidiary formed or acquired after the Effective Date, in each case together with undated instruments of transfer with respect thereto
endorsed in blank;

 

(d)            all
certificates, agreements, documents and instruments, including Uniform Commercial Code financing statements, required by the Security
Documents or any applicable law and as reasonably requested by the Administrative Agent to be filed, delivered, registered or recorded
to create the Liens intended to be created by the Security Documents and perfect such Liens to the extent required by, and with the priority
required by, the Security Documents and the other provisions of the term “Collateral and Guarantee Requirement” shall have
been filed, registered or recorded or delivered to the Administrative Agent for filing, registration or recording; and

 

    11

     

    

 

(e)            the
Administrative Agent shall have received (i) counterparts of a Mortgage with respect to each Mortgaged Property duly executed
and delivered by the record owner of such Mortgaged Property, (ii) an ALTA survey or, if acceptable to the title insurance
company to issue the title coverage described in clause (iii) without any survey exception, including all survey-related
endorsements, an existing survey with a “no-change” affidavit, (iii) a policy or policies of title insurance in the
amount equal to the fair market value of such Mortgaged Property and fixtures, as determined by the Borrower in its reasonable
discretion, issued by a nationally recognized title insurance company reasonably acceptable to the Administrative Agent and insuring
the Lien of each such Mortgage as a first priority Lien on the Mortgaged Property described therein, free of any other Liens except
Liens permitted under Section 6.02 hereof, together with such endorsements as the Administrative Agent may reasonably request
(it being agreed that the Administrative Agent shall accept zoning reports from a nationally recognized zoning company in lieu of
zoning endorsements to such title insurance policies), (iv) such affidavits, certificates, information (including financial
data) and instruments of indemnification as shall be reasonably required to induce the title company to issue the title policy/ies
and endorsements contemplated above and which are reasonably requested by such title company, (v) a completed
 “Life-of-Loan” Federal Emergency Management Agency Standard Flood Hazard Determination with respect to each Mortgaged
Property (together with a notice about special flood hazard area status and flood disaster assistance duly executed by the
applicable Loan Party relating to such Mortgaged Property), (vi) if any Mortgaged Property is located in an area determined by
the Federal Emergency Management Agency to have special flood hazards, evidence of such flood insurance as may be required under
applicable law, including Regulation H of the Board of Governors and the other Flood Insurance Laws and as required under
Section 5.07, and (vii) such legal opinions as the Administrative Agent may reasonably request with respect to any such
Mortgage or Mortgaged Property, in each case, in form and substance reasonably satisfactory to the Administrative Agent.

 

Notwithstanding the foregoing provisions of this
definition or anything in this Agreement or any other Loan Document to the contrary, (a) the foregoing provisions of this definition
shall not require the creation or perfection of pledges of or security interests in, or the obtaining of title insurance, legal opinions
or other deliverables with respect to, particular assets of the Loan Parties, or the provision of Guarantees by any Subsidiary, if, and
for so long as the Administrative Agent and the Borrower reasonably agree in writing that the cost of creating or perfecting such pledges
or security interests in such assets, or obtaining such title insurance, legal opinions or other deliverables in respect of such assets,
or providing such Guarantees (taking into account any adverse tax consequences to Holdings and its Affiliates (including the imposition
of withholding or other material taxes)), shall be excessive in view of the benefits to be obtained by the Lenders therefrom, (b) Liens
required to be granted from time to time pursuant to the term “Collateral and Guarantee Requirement” shall be subject to exceptions
and limitations set forth in the Security Documents, (c) in no event shall control agreements or other control or similar arrangements
be required with respect to deposit accounts or securities accounts, (d) in no event shall any Loan Party be required to complete
any filings or other action with respect to the perfection of security interests in any jurisdiction outside of the United States and
(e) in no event shall the Collateral include any Excluded Assets. The Administrative Agent may grant extensions of time for the creation
and perfection of security interests in or the obtaining of title insurance, legal opinions or other deliverables with respect to particular
assets or the provision of any Guarantee by any Subsidiary (including extensions beyond the Effective Date or in connection with assets
acquired, or Subsidiaries formed or acquired, after the Effective Date) where it determines that such action cannot be accomplished without
undue effort or expense by the time or times at which it would otherwise be required to be accomplished by this Agreement or the Security
Documents.

 

“Commitment” means (a) with
respect to any Lender (other than a Swingline Lender) at any time, such Lender’s Initial Term Commitment, Initial Revolving
Commitment or Additional Commitment, or any combination thereof (as the context requires), at such time and (b) with respect to any
Swingline Lender at any time, such Swingline Lender’s Swingline Commitment at such time.

 

“Commitment Fee” has the meaning
assigned to such term in Section 2.12(a).

 

    12

     

    

 

“Commitment Fee Rate” means, on
any day, with respect to the Initial Revolving Commitments, (a) until delivery of financial statements and the accompanying Compliance
Certificate for the first full fiscal quarter commencing on or after the Effective Date, 0.50% per annum, and (b) thereafter, the
following percentages per annum, based upon the Total Net Leverage Ratio as of the last day of the most recently ended Test Period (as
such ratio is set forth in the most recent Compliance Certificate delivered to the Administrative Agent pursuant to Section 5.01(c)):

 

	Category	Total Net Leverage Ratio	Commitment Fee Rate
	1	≤ 1.25:1.00	0.375%
	2	≤ 1.00:1.00	0.25%

 

Any increase or decrease in the Commitment Fee Rate
resulting from a change in the Total Net Leverage Ratio shall become effective as of the first Business Day immediately following the
date a Compliance Certificate indicating such change is delivered pursuant to Section 5.01(c); provided, however, that if
a Compliance Certificate is not delivered when due in accordance with such Section, then (a) the Commitment Fee Rate theretofore
in effect shall continue in effect until the earlier of the delivery of such Compliance Certificate and the sixth Business Day after such
Compliance Certificate was to have been delivered, and (b) on and after such sixth Business Day, until the date on which such Compliance
Certificate is delivered, the Commitment Fee Rate shall be 0.50% per annum.

 

“Commodity Exchange Act” means
the Commodity Exchange Act (7 U.S.C. § 1 et seq.).

 

“Compliance Certificate” means
a compliance certificate required to be delivered pursuant to Section 5.01.

 

“Consolidated EBITDA” means, for
any period, Consolidated Net Income for such period, plus:

 

(a)            without
duplication and to the extent deducted (and not added back) in arriving at such Consolidated Net Income, the sum of the following amounts
for such period:

 

(i)            total
interest expense (excluding interest expense attributable to the FreedomRoads Floorplan Indebtedness) and, to the extent not reflected
in such total interest expense, any losses on hedging obligations or other derivative instruments entered into for the purpose of hedging
interest rate risk, net of interest income and gains on such hedging obligations or such derivative instruments, and bank and letter of
credit fees and costs of surety bonds in connection with financing activities;

 

(ii)            provision
for taxes based on income, profits or capital, including federal, foreign, state, franchise, excise, and similar taxes paid or accrued
during such period (including in respect of repatriated funds);

 

(iii)          depreciation
and amortization (including amortization of intangible assets established through purchase accounting and amortization of deferred financing
fees or costs);

 

(iv)          Non-Cash
Charges;

 

(v)           extraordinary
losses in accordance with GAAP;

 

    13

     

    

 

(vi)          unusual
or non-recurring charges, including restructuring charges, accruals or reserves (including restructuring costs related to acquisitions
after the Effective Date);

 

(vii)         (A) the
amount of management, monitoring, consulting and advisory fees, indemnities and related expenses paid or accrued in such period to (or
on behalf of) the Investors (including any termination fees payable in connection with the early termination of management and monitoring
agreements) to the extent otherwise permitted by Section 6.08, (B) the amount of expenses relating to payments made to option
holders of Holdings or any of its direct or indirect parent companies in connection with, or as a result of, any distribution being made
to shareholders of such Person or its direct or indirect parent companies, which payments are being made to compensate such option holders
as though they were shareholders at the time of, and entitled to share in, such distribution, in each case to the extent permitted in
the Loan Documents and (C) any other costs or expenses incurred pursuant to any management equity plan or stock option plan or any
other management or employee benefit plan or agreement or any equity subscription or equity holder agreement, to the extent that such
costs or expenses are funded with cash proceeds contributed to the capital of the Borrower or net cash proceeds of an issuance of Equity
Interests in the Borrower;

 

(viii)        losses
on asset sales, disposals or abandonments (other than asset sales, disposals or abandonments in the ordinary course of business);

 

(ix)           the
amount of any net losses from discontinued operations in accordance with GAAP;

 

(x)            any
non-cash loss attributable to the mark to market movement in the valuation of hedging obligations (to the extent the cash impact resulting
from such loss has not been realized) or other derivative instruments pursuant to Financial Accounting Standards Accounting Standards
Codification No. 815—Derivatives and Hedging;

 

(xi)           any
loss relating to amounts paid in cash prior to the stated settlement date of any hedging obligation that has been reflected in Consolidated
Net Income for such period;

 

(xii)          any
loss relating to hedging obligations associated with transactions realized in the current period that has been reflected in Consolidated
Net Income in prior periods and deducted from Consolidated EBITDA pursuant to clause (b)(v) or (b)(vi) below; and

 

(xiv)        Public
Company Expenses for such period; less

 

(b)            without
duplication and to the extent included in arriving at such Consolidated Net Income, the sum of the following amounts for such period:

 

(i)            extraordinary
gains in accordance with GAAP and unusual or non-recurring gains;

 

(ii)           non-cash
gains (excluding any non-cash gain to the extent it represents the reversal of an accrual or reserve for a potential cash item that reduced
Consolidated Net Income or Consolidated EBITDA in any prior period);

 

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(iii)          gains
on asset sales, disposals or abandonments (other than asset sales, disposals or abandonments in the ordinary course of business);

 

(iv)          the
amount of any net income from discontinued operations in accordance with GAAP;

 

(v)           any
non-cash gain attributable to the mark to market movement in the valuation of hedging obligations (to the extent the cash impact resulting
from such gain has not been realized) or other derivative instruments pursuant to Financial Accounting Standards Accounting Standards
Codification No. 815—Derivatives and Hedging;

 

(vi)          any
gain relating to amounts received in cash prior to the stated settlement date of any hedging obligation that has been reflected in Consolidated
Net Income in the such period; and

 

(vii)         any
gain relating to hedging obligations associated with transactions realized in the current period that has been reflected in Consolidated
Net Income in prior periods and added back to Consolidated EBITDA pursuant to clause (a)(x) or (a)(xi) above;

 

in each case, as determined on a consolidated basis for the
Borrower and its Subsidiaries in accordance with GAAP; provided that:

 

(I)            to
the extent included in Consolidated Net Income, there shall be excluded in determining Consolidated EBITDA currency translation gains
and losses related to currency remeasurements of Indebtedness (including the net loss or gain resulting from hedging agreements for currency
exchange risk and revaluations of intercompany balances),

 

(II)          there
shall be included in determining Consolidated EBITDA for any period, without duplication, (A) to the extent not included in Consolidated
Net Income, the Acquired EBITDA of any Person or any assets constituting a business unit, division, product line or line of business acquired
by the Borrower or any Subsidiary during such period to the extent not subsequently sold, transferred or otherwise disposed of (but not
including the Acquired EBITDA of any related Person or assets to the extent not so acquired) (each such Person or asset acquired, including
pursuant to a transaction consummated prior to the Effective Date, and not subsequently so disposed of, an “Acquired Entity or
Business”), based on the Acquired EBITDA of such Acquired Entity or Business 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 or Acquired Entity or Business for such period (including the portion thereof occurring
prior to such acquisition), with the amount of such adjustment for any period to be specified in the Compliance Certificate delivered
with respect to such period; and

 

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(III)         there
shall be (A) to the extent included in Consolidated Net Income, excluded in determining Consolidated EBITDA for any period the
Disposed EBITDA of any Person or any assets constituting a business unit, division, product line or line of business sold,
transferred or otherwise disposed of, closed or classified as discontinued operations by the Borrower or any Subsidiary during such
period (each such Person or asset so sold, transferred or otherwise disposed of, closed or classified, a “Sold Entity or
Business”), based on the Disposed EBITDA of such Sold Entity or Business for such period (including the portion thereof
occurring prior to such sale, transfer, disposition, closure or classification) and (B) to the extent not included in
Consolidated Net Income, included in determining Consolidated EBITDA for any period in which a Sold Entity or Business is disposed,
an adjustment equal to the Pro Forma Disposal Adjustment with respect to such Sold Entity or Business (including the portion thereof
occurring prior to such disposal), with the amount of such adjustment for any period to be specified in the Compliance Certificate
delivered with respect to such period.

 

“Consolidated First Lien Debt”
means, as of any date of determination, the aggregate principal amount of Consolidated Total Debt outstanding on such date that is secured
by Liens on any Collateral on a pari passu basis with the Liens on such Collateral securing the Credit Facilities.

 

“Consolidated Net Income” means,
for any period, the net income (loss) of the Borrower and its Subsidiaries for such period determined on a consolidated basis in accordance
with GAAP, excluding, without duplication, (a) the cumulative effect of a change in accounting principles during such period to the
extent included in Consolidated Net Income, (b) any Transaction Costs incurred during such period, (c) any fees and expenses
(including any transaction or retention bonus) incurred during such period, or any amortization thereof for such period, in connection
with any acquisition, Investment, asset disposition outside the ordinary course of business, non-compete agreement, issuance or repayment
of Indebtedness, issuance of Equity Interests, refinancing transaction or amendment or other modification of any Indebtedness (in each
case, including any such transaction consummated prior to the Effective Date and any such transaction undertaken but not completed) and
any charges or non-recurring merger costs incurred during such period as a result of any such transaction, (d) any income (loss)
for such period attributable to the early extinguishment of Indebtedness, Swap Agreements or other derivative instruments, (e) accruals
and reserves that are established or adjusted as a result of any Permitted Acquisition in accordance with GAAP (including any adjustment
of estimated payouts on earn outs) or changes as a result of the adoption or modification of accounting policies during such period, (f) stock-based
award compensation expenses, (g) any income (loss) attributable to deferred compensation plans or trusts, (h) any income (loss)
from Investments recorded using the equity method and (i) the amount of any expense required to be recorded as compensation for contingent
transaction payments. There shall be included in Consolidated Net Income, without duplication, the amount of any cash tax benefits related
to the tax amortization of intangible assets in such period. There shall be excluded from Consolidated Net Income for any period the effects
from applying acquisition method accounting, including applying acquisition method accounting to inventory, property and equipment, leases,
software and other intangible assets and deferred revenue (including deferred costs related thereto and deferred rent) required or permitted
by GAAP (including the effects of such adjustments pushed down to the Borrower and its Subsidiaries), as a result of any acquisition consummated
prior to the Effective Date and any Permitted Acquisitions (or other Investments permitted hereunder) or the amortization or write-off
of any amounts thereof.

 

In addition, to the extent not already included in
Consolidated Net Income, Consolidated Net Income shall include the amount of proceeds received by the Borrower and its Subsidiaries from
business interruption insurance or reimbursement of expenses and charges that are covered by indemnification and other reimbursement provisions
in connection with any acquisition or other Investment or any disposition of any asset permitted hereunder.

 

“Consolidated Secured Debt” means,
as of any date of determination, the aggregate principal amount of Consolidated Total Debt outstanding on such date that is secured by
Liens on any Collateral.

 

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“Consolidated Total
Debt” means, as of any date of determination, the aggregate principal amount of Indebtedness of the Borrower and its Subsidiaries
outstanding on such date (other than the FreedomRoads Floorplan Indebtedness), determined on a consolidated basis in accordance with
GAAP, but only to the extent consisting of (a) obligations for borrowed money, (b) obligations evidenced by bonds, debentures,
notes or similar instruments, (c) Capital Lease Obligations and all purchase money Indebtedness and (d) unreimbursed obligations
under letters of credit, bankers’ acceptances, bank guaranties, surety bonds and similar instruments; provided that “Consolidated
Total Debt” shall be calculated excluding any Indebtedness of the Borrower and its Subsidiaries otherwise included therein to the
extent that, upon or prior to the maturity thereof, cash and/or Permitted Investments shall have been irrevocably deposited with the
proper Person in trust or escrow for the payment, redemption or satisfaction of such Indebtedness, and thereafter such cash and Permitted
Investments so deposited are not included in the calculation of the Unrestricted Cash.

 

“Consolidated Working Capital”
means, at any date, the excess of (a) the sum of all amounts (other than cash and Permitted Investments) that would, in conformity
with GAAP, be set forth opposite the caption “total current assets” (or any like caption) on a consolidated balance sheet
of the Borrower and its Subsidiaries at such date, excluding the current portion of current and deferred income taxes, over (b) the
sum of all amounts that would, in conformity with GAAP, be set forth opposite the caption “total current liabilities” (or
any like caption) on a consolidated balance sheet of the Borrower and its Subsidiaries on such date, including short term deferred revenue
but excluding, without duplication, (i) the current portion of any Funded Debt, (ii) all Indebtedness consisting of Loans and
obligations under Letters of Credit to the extent otherwise included therein, (iii) the current portion of interest and (iv) the
current portion of current and deferred income taxes; provided that, for purposes of calculating Excess Cash Flow, increases or
decreases in working capital (A) arising from acquisitions or dispositions by the Borrower and its Subsidiaries shall be measured
from the date on which such acquisition or disposition occurred until the first anniversary of such acquisition or disposition with respect
to the Person subject to such acquisition or disposition and (B) shall exclude (I) the impact of non-cash adjustments contemplated
in the Excess Cash Flow calculation, (II) the impact of adjusting items in the definition of Consolidated Net Income and (III) any
changes in current assets or current liabilities as a result of (x) any reclassification in accordance with GAAP of assets or liabilities,
as applicable, between current and noncurrent or (y) the effects of acquisition method accounting. For the avoidance of doubt, for
purposes of this definition, the FreedomRoads Floorplan Indebtedness shall constitute a current liability.

 

“Control” means the possession,
directly or indirectly, of the power to direct or cause the direction of the management or policies, or the dismissal or appointment of
the management, of a Person, whether through the ability to exercise voting power, by contract or otherwise. “Controlling”
and

 

“Controlled” have meanings correlative
thereto.

 

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

 

“Covered Entity” means (a) a
 “covered entity” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 252.82(b), (b) a “covered
bank” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 47.3(b), or (c) a “covered FSI”
as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 382.2(b).

 

“Covered Party” has the meaning
assigned to such term in Section 9.24(b).

 

“Credit Facilities” means the
Revolving Facility and the Term Facility.

 

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“Cumulative Excess Cash Flow”
means, as of any date, an amount equal to the sum, for the fiscal years of the Borrower in respect of which financial statements and
the related Compliance Certificate have been delivered in accordance with Sections 5.01(a) and 5.01(c), in each case on or prior
to such date (commencing with the fiscal year ending December 31, 2022), of the products of (a) the amount of Excess Cash Flow
(but not less than zero) for each such fiscal year multiplied by (b) an amount equal to (i) 100.0% minus (ii) the ECF
Percentage with respect to such fiscal year.

 

“Cure Amount” has the meaning
assigned to such term in Section 7.02(a).

 

“Cure Right” has the meaning assigned
to such term in Section 7.02(a).

 

“Customary Bridge Loans” means
customary bridge loans (as determined by the Borrower in good faith) with a maturity date of not more than one year; provided that,
where the term Customary Bridge Loans is used in the context of any exception to any requirement as to the Weighted Average Life to Maturity
or the final maturity of any Indebtedness, any Indebtedness that is to be exchanged for or otherwise to replace such bridge loans, or
into which such bridge loans are to be converted, shall be used for purposes of determining whether such requirement is satisfied.

 

“CWH” means Camping World Holdings, Inc.,
a Delaware corporation.

 

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

 

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

 

“Declined Proceeds” has the meaning
assigned to such term in Section 2.11(e).

 

“Default” means any event or condition
that constitutes an Event of Default or that upon notice, lapse of time or both would, unless cured or waived, become an Event of Default.

 

“Default
Right” has the meaning assigned to such term in, and shall be interpreted in accordance with, 12 C.F.R. §§
252.81, 47.2 or 382.1, as applicable.

 

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“Defaulting
Lender” means, subject to Section 2.20(b), any Lender that (a) has failed to (i) fund all or any portion
of its Loans within two Business Days of the date such Loans were required to be funded hereunder, unless such Lender notifies the Administrative
Agent and the Borrower in writing that such failure is the result of such Lender’s determination that one or more conditions precedent
to funding (which conditions precedent, together with the applicable default, if any, shall be specifically identified in such writing)
has not been satisfied, or (ii) pay to the Administrative Agent, any Issuing Bank, any Swingline Lender or any other Lender any
other amount required to be paid by it hereunder (including in respect of its participation in Letters of Credit or Swingline Loans)
within two Business Days of the date when due, (b) has notified the Borrower, the Administrative Agent, any Issuing Bank or any
Swingline Lender in writing that it does not intend to comply with its funding obligations hereunder, or has made a public statement
to that effect, (c) has failed, within three Business Days after written request by the Administrative Agent or the Borrower, to
confirm in writing to the Administrative Agent and the Borrower that it will comply with its prospective funding obligations hereunder
(provided that such Lender shall cease to be a Defaulting Lender pursuant to this clause (c) upon receipt of such written
confirmation by the Administrative Agent and the Borrower) or (d) has, or has a direct or indirect parent company that has, (i) become
the subject of a proceeding under any Debtor Relief Law or become the subject of a Bail-In Action, or (ii) had appointed for it
a receiver, custodian, conservator, trustee, administrator, assignee for the benefit of creditors or similar Person charged with reorganization
or liquidation of its business or assets, including the Federal Deposit Insurance Corporation or any other state or federal regulatory
authority acting in such a capacity; provided that a Lender shall not be a Defaulting Lender solely by virtue of the ownership
or acquisition of any Equity Interest in that Lender or any direct or indirect parent company thereof by a Governmental Authority so
long as such ownership interest does not result in or provide such Lender 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 Lender (or such Governmental Authority)
to reject, repudiate, disavow or disaffirm any contracts or agreements made with such Lender. Any determination by the Administrative
Agent that a Lender is a Defaulting Lender under any one or more of clauses (a) through (d) above shall be conclusive and binding
absent manifest error, and such Lender shall be deemed to be a Defaulting Lender (subject to Section 2.20(b)) upon delivery of written
notice of such determination to the Borrower, each Issuing Bank, each Swingline Lender and each Lender.

 

“Defaulting Lender Fronting Exposure”
means, at any time there is a Defaulting Lender, (a) with respect to any Issuing Bank, such Defaulting Lender’s Applicable
Percentage of the outstanding LC Exposure attributable to Letters of Credit issued by such Issuing Bank, other than any portion of such
LC Exposure as to which such Defaulting Lender’s participation obligation has been reallocated to the other Revolving Lenders or
cash collateralized in accordance with the terms hereof, and (b) with respect to any Swingline Lender, such Defaulting Lender’s
Applicable Percentage of the aggregate outstanding principal amount of the Swingline Loans made by such Swingline Lender, other than Swingline
Loans as to which such Defaulting Lender’s participation obligation has been reallocated to the other Revolving Lenders in accordance
with the terms hereof.

 

“Designated
Non-Cash Consideration” means the fair market value of non-cash consideration received by the Borrower or a Subsidiary
in connection with a Disposition pursuant to Section 6.05(k) 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 (which amount will be reduced by
the fair market value of the portion of the non-cash consideration converted to cash within 150 days following the consummation of the
applicable Disposition).

 

“Disposed EBITDA” means, with
respect to any Sold Entity or Business for any period prior to the consummation of the applicable disposition or closure or the applicable
classification, the amount for such period of Consolidated EBITDA of such Sold Entity or Business (determined as if references to the
Borrower and its Subsidiaries in the definition of the term “Consolidated EBITDA” (and in the component financial definitions
used therein) were references to such Sold Entity or Business and its subsidiaries), all as determined on a consolidated basis for such
Sold Entity or Business.

 

“Disposition” has the meaning
assigned to such term in Section 6.05.

 

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

 

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

 

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

 

(c)            is
redeemable (other than solely for Equity Interests in such Person that do not constitute Disqualified Equity Interests and cash in lieu
of fractional shares of such Equity Interests) or is required to be repurchased by such Person or any of its Affiliates, in whole or in
part, at the option of the holder thereof;

 

in each case, on or prior to the date 91 days after the Latest Maturity
Date; provided, however, that (i) an Equity Interest in any Person that would not constitute a Disqualified Equity
Interest but for terms thereof giving holders thereof the right to require such Person to redeem or purchase such Equity Interest upon
the occurrence of an “asset sale” or a “change of control” shall not constitute a Disqualified Equity Interest
if any such requirement becomes operative only after repayment in full of all the Loans and all other Loan Document Obligations that are
accrued and payable, the cancellation or expiration of all Letters of Credit and the termination of the Commitments and (ii) if an
Equity Interest in any Person is issued pursuant to any plan for the benefit of employees of Holdings (or any direct or indirect parent
thereof) or any of its subsidiaries or by any such plan to such employees, such Equity Interest shall not constitute a Disqualified Equity
Interest solely because it may be required to be repurchased by Holdings (or any direct or indirect parent company thereof) or any of
its subsidiaries in order to satisfy applicable statutory or regulatory obligations of such Person.

 

“Documentation Agent” means Goldman
Sachs Bank USA.

 

“dollars” or “$” refers
to lawful money of the United States of America.

 

“Domestic Subsidiary” means any
Subsidiary that is organized under the laws of the United States, any state thereof or the District of Columbia.

 

“Dutch Auction” means an auction
conducted by any Affiliated Lender or the Borrower in order to purchase Term Loans of any Class, in accordance with such procedures as
shall be agreed with respect to such auction by such Affiliated Lender or the Borrower, as the case may be, and the applicable Auction
Agent.

 

“Early Opt-in Election” means,
if the then-current Benchmark is LIBO Rate, the occurrence of:

 

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

 

(2)            the
joint election by the Administrative Agent and the Borrower to trigger a fallback from LIBO Rate and the provision by the Administrative
Agent of written notice of such election to the Lenders.

 

“ECF Percentage”
means, with respect to the prepayment required by Section 2.11(d) with respect to any fiscal year of the Borrower, if the Total
Net Leverage Ratio (without giving effect to the applicable prepayment pursuant to Section 2.11(d)) as of the end of such fiscal
year is (a) greater than 1.25 to 1.00, 50% of Excess Cash Flow for such fiscal year, (b) greater than 1.00 to 1.00 but equal
to or less than 1.25 to 1.00, 25% of Excess Cash Flow for such fiscal year and (c) 1.00 to 1.00 or less, 0% of Excess Cash Flow
for such fiscal year.

 

    20

     

    

 

“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 clause (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.

 

“Effective
Date” means the date on which the conditions specified in Section 4.01 are satisfied (or waived in accordance with
Section 9.02).

 

“Effective
Yield” means, as to any Indebtedness, the effective yield applicable thereto calculated by the Administrative Agent
in consultation with the Borrower in a manner consistent with generally accepted financial practices, taking into account (a) interest
rate margins (it being understood that if the interest rate margins with respect to any Indebtedness are based on a pricing grid, such
interest rate margins will be calculated based on the rate on such grid applicable on the applicable date of determination), (b) interest
rate floors (subject to the proviso set forth below) and (c) OID and upfront or similar fees (based on an assumed four-year average
life to maturity or, if less, the remaining average life to maturity), but excluding (i) any arrangement, commitment, structuring,
underwriting, ticking, unused line, amendment and/or similar fees (regardless of whether any such fees are paid to or shared in whole
or in part with any holder of such Indebtedness) and (ii) any other fee that is not paid directly by the Borrower or its Subsidiaries
generally to all relevant holders of such Indebtedness; provided that if such Indebtedness includes any “LIBOR” interest
rate floor and, at the time of determination, such floor is greater than the LIBO Rate for an Interest Period of three months on such
date, such excess amount shall be equated to interest rate margins for purposes of calculating the Effective Yield with respect to such
Indebtedness. For the purposes of determining Effective Yield with respect to the Term Loans of any Class, if the Term Loans of such
Class shall have been incurred with different amounts of OID or upfront fees, then the Effective Yield with respect to the Term
Loans of such Class will be determined on the basis of the higher of (i) the weighted average amounts of the OID or upfront
fees with respect to such of the Term Loans of such Class as shall have been first made under this Agreement and (ii) the weighted
average of the amounts of the OID and/or upfront fees with respect to all the Term Loans of such Class. Any determination by the Administrative
Agent of the Effective Yield shall be conclusive and binding on all Lenders, and the Administrative Agent shall have no liability to
any Person with respect to such determination unless such determination shall have been made with bad faith, gross negligence or willful
misconduct, as determined by a court of competent jurisdiction in a final and non-appealable judgment.

 

“Electronic
Signature” means an electronic sound, symbol, or process attached to, or associated with, a contract or other record
and adopted by a Person with the intent to sign, authenticate or accept such contract or record.

 

    21

     

    

 

“Eligible Assignee” means (a) a
Lender, (b) an Affiliate of a Lender, (c) an Approved Fund and (d) any other Person; provided that the term “Eligible
Assignee” shall not include (i) a natural person (or a holding company, investment vehicle or trust for, or owned and operated
for the primary benefit of, a natural person), (ii) any Defaulting Lender, (iii) except as permitted under Section 9.04,
any Affiliated Lender and (iv) except as permitted under Section 9.04, CWH, Holdings, any Intermediate Parent, the Borrower
or any of their respective subsidiaries.

 

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

 

“Environmental Laws” means the
applicable common law and treaties, rules, regulations, codes, ordinances, judgments, orders, decrees and other applicable laws, and all
applicable injunctions or binding agreements issued, promulgated or entered into by or with any Governmental Authority, in each instance
relating to the protection of the Environment, to preservation or reclamation of natural resources, to Release or threatened Release of
any Hazardous Material or to the extent relating to exposure to Hazardous Materials, to health or safety matters.

 

“Environmental Liability” means
any liability, obligation, loss, claim, action, order or cost, contingent or otherwise (including any liability for damages, costs of
medical monitoring, costs of environmental investigation, remediation or restoration, administrative oversight costs, consultants’
fees, fines, penalties and indemnities), directly or indirectly resulting from or based upon (a) any actual or alleged violation
of any Environmental Law or permit, license or approval issued thereunder, (b) the generation, use, handling, transportation, storage
or treatment of any Hazardous Materials, (c) exposure to any Hazardous Materials, (d) the Release or threatened Release of any
Hazardous Materials or (e) any contract, agreement or other consensual arrangement pursuant (and the extent) to which liability is
assumed or imposed with respect to any of the foregoing.

 

“Equity Interests” means shares
of capital stock, partnership interests, membership interests in a limited liability company, beneficial interests in a trust or other
equity ownership interests in a Person, and any warrants, rights or options to purchase or acquire such interests (other than, prior to
the date of conversion, Indebtedness that is convertible into any such Equity Interests).

 

“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, together with Holdings, is treated as a single employer under Section 414(b) or
414(c) of the Code or, solely for purposes of Section 302 of ERISA and Section 412 of the Code, is treated as a single
employer under Section 414 of the Code.

 

“ERISA Event”
means (a) any “reportable event”, as defined in Section 4043 of ERISA or the regulations issued thereunder with
respect to a Plan (other than an event for which the 30-day notice period is waived); (b) with respect to any Plan, the failure
to satisfy the minimum funding standard (within the meaning of Section 412 of the Code or Section 302 of ERISA) applicable
to such Plan, in each case whether or not waived; (c) the filing pursuant to Section 412(c) of the Code or Section 302(c) of
ERISA of an application for a waiver of the minimum funding standard with respect to any Plan; (d) a determination that any Plan
is, or is expected to be, in “at-risk” status (as defined in Section 303(i)(4) of ERISA or Section 430(i)(4) of
the Code); (e) the incurrence by the Borrower or any of its ERISA Affiliates of any liability under Title IV of ERISA, other than
for PBGC premiums due but not delinquent under Section 4007 of ERISA; (f) the receipt by the Borrower or any ERISA Affiliate
from the PBGC or a plan administrator of any notice relating to an intention to terminate any Plan or Plans or to appoint a trustee to
administer any Plan; (g) the incurrence by the Borrower or any of its ERISA Affiliates of any liability with respect to the withdrawal
or partial withdrawal from any Plan (or a cessation of operations that is treated as such a withdrawal under Section 4062(e) of
ERISA) or Multiemployer Plan; or (h) the receipt by the Borrower or any ERISA Affiliate of any notice, or the receipt by any Multiemployer
Plan from the Borrower or any ERISA Affiliate of any notice, concerning the imposition of Withdrawal Liability or a determination that
a Multiemployer Plan is, or is expected to be, insolvent, within the meaning of Title IV of ERISA or in endangered or critical status,
within the meaning of Section 305 of ERISA.

 

    22

     

    

 

“Erroneous Payment” has the meaning
assigned to such term in Section 8.08(b).

 

“Erroneous
Payment Deficiency Assignment” has the meaning assigned to such term in Section 8.08(e).

 

“Erroneous Payment Impacted Class”
has the meaning assigned to such term in Section 8.08(e).

 

“Erroneous Payment Return Deficiency”
has the meaning assigned to such term in Section 8.08(e).

 

“Erroneous Payment Subrogation Rights”
has the meaning assigned to such term in Section 8.08(e).

 

“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.

 

“Eurocurrency” when used in reference
to any Loan or Borrowing, refers to whether such Loan, or the Loans comprising such Borrowing, are bearing interest at a rate determined
by reference to the Adjusted LIBO Rate.

 

“Event of Default” has the meaning
assigned to such term in Section 7.01.

 

“Excess Cash Flow” means, for
any period, an amount equal to the excess of:

 

(a)           the
sum, without duplication, of:

 

(i)            Consolidated
Net Income for such period,

 

(ii)           an
amount equal to the amount of all Non-Cash Charges to the extent deducted (and not added back) in arriving at such Consolidated Net Income,

 

(iii)          decreases
in (A) Consolidated Working Capital, (B) the amount of cash held in deposit accounts of Subsidiaries solely for purposes of
satisfying minimum liquidity requirements imposed by regulatory bodies and applicable to such Subsidiaries and (C) long-term account
receivables, in each case, for such period, and

 

(iv)          an
amount equal to the aggregate net non-cash loss on dispositions by the Borrower and its Subsidiaries during such period (other than dispositions
in the ordinary course of business) to the extent deducted in arriving at such Consolidated Net Income; less:

 

(b)           the
sum, without duplication, of:

 

(i)            an
amount equal to the amount of all non-cash gains or credits included in arriving at such Consolidated Net Income and cash charges excluded
by virtue of clauses (a) through (i) of the definition of Consolidated Net Income (other than cash charges in respect of Transaction
Costs paid on or about the Effective Date to the extent financed with the proceeds of Indebtedness incurred on the Effective Date),

 

    23

     

    

 

(ii)           without
duplication of amounts deducted pursuant to clause (x) below in prior periods, the amount of Capital Expenditures made by the Borrower
and its Subsidiaries in cash during such period, but only to the extent that such Capital Expenditures were financed with internally generated
cash flow of the Borrower or its Subsidiaries,

 

(iii)          the
aggregate amount of all principal payments of Indebtedness of the Borrower and its Subsidiaries (including (A) the principal component
of payments in respect of Capital Lease Obligations and (B) the amount of scheduled repayments of the Term Loans made pursuant to
Section 2.10, but excluding (1) the payment of any Restricted Debt, except to the extent permitted pursuant to Section 6.07(b),
(2) any prepayment of Term Loans pursuant to Section 2.11(c), other than with the Net Proceeds from an event of the type specified
in clause (a) of the definition of “Prepayment Event” to the extent required due to a disposition that resulted in an
increase to such Consolidated Net Income and not in excess of the amount of such increase, (3) any prepayment, purchase and assignment,
repurchase, redemption or other discharge of the Term Loans, Revolving Loans or any Other First Lien Indebtedness to the extent deducted
in calculating the amount of any Excess Cash Flow payment in accordance with Section 2.11(c) and (4) all prepayments of
Revolving Loans, Swingline Loans or any Other First Lien Indebtedness in the form of a revolving credit facility, in each case under this
clause (4), except to the extent there is an equivalent permanent reduction in the related commitments thereunder), but only to the extent
financed with internally generated cash flow of the Borrower or its Subsidiaries,

 

(iv)          an
amount equal to the aggregate net non-cash gain on dispositions by the Borrower and its Subsidiaries during such period (other than dispositions
in the ordinary course of business) to the extent included in arriving at such Consolidated Net Income,

 

(v)           increases
in (A) Consolidated Working Capital, (B) the amount of cash held in deposit accounts of Subsidiaries solely for purposes
of satisfying minimum liquidity requirements imposed by regulatory bodies and applicable to such Subsidiaries and (C) long-term
accounts receivable, in each case, for such period,

 

(vi)          cash
payments by the Borrower and its Subsidiaries during such period in respect of long-term liabilities of the Borrower and its Subsidiaries
other than Indebtedness to the extent that such expenditures are not deducted in arriving at such Consolidated Net Income,

 

(vii)          without
duplication of amounts deducted pursuant to clause (x) below in prior periods, the amount of Investments and acquisitions made by
the Borrower and its Subsidiaries in cash during such period pursuant to, without duplication, clauses (b), (e), (f), (h), (i), (l) (to
the extent the corresponding payment under Section 6.07(a) would reduce Excess Cash Flow pursuant to clause (viii) below),
(m), (n) or (o) (other than Investments in FreedomRoads Entities, Holdings, the Borrower or any of their subsidiaries) of Section 6.04,
in each case to the extent that such Investments and acquisitions were financed with internally generated cash flow of the Borrower and
its Subsidiaries,

 

    24

     

    

 

(viii)        the
amount of dividends and other Restricted Payments paid by the Borrower in cash during such period pursuant to, without duplication, clauses
(iii), (iv), (v), (vi), (viii) and (ix) of Section 6.07(a), in each case to the extent such Restricted Payments were financed
with internally generated cash flow of the Borrower and its Subsidiaries,

 

(ix)           the
aggregate amount of any premium, make-whole or penalty payments actually paid in cash by the Borrower and its Subsidiaries during such
period that are required to be made in connection with any prepayment of Indebtedness to the extent that such expenditures are not deducted
in arriving at such Consolidated Net Income,

 

(x)            without
duplication of amounts deducted from Excess Cash Flow in prior periods, at the option of the Borrower, the aggregate consideration required
to be paid in cash by the Borrower or any of its Subsidiaries during the four consecutive fiscal quarters of the Borrower immediately
following the end of such period pursuant to binding contracts (the “Contract Consideration”) entered into prior to
or during such period relating to Permitted Acquisitions, other Investments or Capital Expenditures, provided that if any amount
is deducted from Excess Cash Flow pursuant to this clause (x), to the extent the aggregate amount of internally generated cash actually
utilized to finance such Permitted Acquisitions, Investments or Capital Expenditures during such four consecutive fiscal quarters
is less than the Contract Consideration so deducted, the amount of such shortfall shall be added to the calculation of Excess Cash Flow
for the period of such four consecutive fiscal quarters, and

 

(xi)           the
amount of cash taxes paid in such period to the extent they exceed the amount of tax expense deducted in arriving at such Consolidated
Net Income.

 

“Exchange Act” means the United
States Securities Exchange Act of 1934, as amended from time to time.

 

“Exchanging Lender” has the meaning
assigned to such term in Section 1.05(b).

 

“Excluded Assets”
means (a) any fee-owned real property with a fair market value of less than $20,000,000 and all leasehold interests in real property,
(b) motor vehicles and other assets subject to certificates of title or ownership with an individual value of less than $500,000
(except to the extent that the filing of UCC financing statements are sufficient for perfection of security interests), (c) Equity
Interests in any Person (other than any Wholly Owned Subsidiaries) to the extent the pledge thereof to the Administrative Agent is not
permitted by the terms of such Person’s organizational or joint venture documents, (d) voting Equity Interests in excess of
65% of the outstanding voting Equity Interests of any Foreign Subsidiary or CFC Holdco, (e) any lease, license or other agreement
with any Person if, to the extent and for so long as, the grant of a Lien thereon to secure the Secured Obligations constitutes a breach
of or a default under, or creates a right of termination in favor of any party (other than any Loan Party) to, such lease, license or
other agreement (but only to the extent any of the foregoing is not rendered ineffective by, or is otherwise unenforceable under, the
Uniform Commercial Code or any applicable law), (f) any asset subject to a Lien of the type permitted by Section 6.02(d) (whether
or not incurred pursuant to such Section) and any asset subject to a Lien permitted by Section 6.02(j), in each case if, to the
extent and for so long as the grant of a Lien thereon to secure the Secured Obligations constitutes a breach of or a default under, or
creates a right of termination in favor of any party (other than any Loan Party) to, any agreement pursuant to which such Lien has been
created (but only to the extent any of the foregoing is not rendered ineffective by, or is otherwise unenforceable under, the Uniform
Commercial Code or any applicable law), (g) any intent-to-use trademark applications filed in the United States Patent and Trademark
Office, (h) any asset if, to the extent and for so long as the grant of a Lien thereon to secure the Secured Obligations is prohibited
by any applicable law or any agreement with any Governmental Authority (other than to the extent that any such prohibition would be rendered
ineffective pursuant to the Uniform Commercial Code or any other applicable law), and (i) any asset of or Equity Interest in any
FreedomRoads Entity; provided, however, that Excluded Assets shall not include any proceeds, substitutions or replacements of
any Excluded Assets referred to in the preceding clauses (a) through (i) (unless such proceeds, substitutions or replacements
would constitute Excluded Assets referred to in clauses (a) through (i).

 

    25

     

    

 

“Excluded Information” means information
(including Private-Side Information) regarding CWH, Holdings, the Borrower or their respective subsidiaries or the Credit Facilities that
is not known to a Lender participating in an assignment to an Affiliated Lender or to the Borrower and that may be material to a decision
by such Lender to participate in such assignment.

 

“Excluded
Subsidiary” means (a) any Subsidiary that is not a Wholly Owned Subsidiary of Holdings, (b) any Subsidiary
that is prohibited by applicable law from guaranteeing the Secured Obligations, (c) any Foreign Subsidiary, (d) any Domestic
Subsidiary of a Foreign Subsidiary that is a CFC, (e) any CFC Holdco, (f) any Immaterial Subsidiary, (g) any other Subsidiary
excused from becoming a Loan Party pursuant to the last paragraph of the definition of the term “Collateral and Guarantee Requirement”
and (h) any FreedomRoads Entity.

 

“Excluded Taxes” means, with respect
to the Administrative Agent, any Lender, any Issuing Bank or any other recipient of any payment to be made by or on account of any obligation
of any Loan Party hereunder or under any other Loan Document, (a) Taxes imposed on (or measured by) such recipient’s net income
(however denominated) and franchise Taxes imposed on it, in each case, by a jurisdiction as a result of (i) such recipient being
organized or having its principal office located in or, in the case of any Lender, having its applicable lending office located in, such
jurisdiction, or (ii) any other present or former connection between such recipient and such jurisdiction (other than any connection
arising solely from such recipient having executed, delivered, become a party to, performed its obligations or received payments under,
received or perfected a security interest under, sold or assigned of an interest in, engaged in any other transaction pursuant to, and/or
enforced, any Loan Documents), (b) any branch profits tax imposed under Section 884(a) of the Code, or any similar Tax,
imposed by any jurisdiction described in clause (a) above, (c) any U.S. federal withholding Tax imposed pursuant to FATCA, (d) any
withholding Tax that is attributable to a Lender’s failure to comply with Section 2.17(f), and (e) in the case of a Foreign
Lender (other than any Foreign Lender becoming a party hereto pursuant to a request by any Loan Party under Section 2.19), any U.S.
federal withholding Taxes imposed on amounts payable to such Foreign Lender pursuant to applicable law in effect at the time such Foreign
Lender becomes a party hereto (or designates a new lending office), except to the extent that such Foreign Lender (or its assignor, if
any) was entitled, immediately prior to the designation of a new lending office (or assignment), to receive additional amounts with respect
to such withholding Tax under Section 2.17(a).

 

“Existing Credit Agreement” means
the Credit Agreement dated as of November 8, 2016, among the Borrower, Holdings, the lenders party thereto and Goldman Sachs Bank
USA, as administrative agent.

 

“Existing Letters of Credit” means
each letter of credit issued for the account of the Borrower pursuant to the Existing Credit Agreement that is (a) outstanding on
the Effective Date and (b) listed on Schedule 2.05.

 

“Extended/Modified Revolving Commitment”
has the meaning assigned to such term in Section 2.24(a)(i).

 

    26

     

    

 

“Extended/Modified Revolving Loans”
has the meaning assigned to such term in Section 2.24(a)(i).

 

“Extended/Modified Term Loans”
has the meaning assigned to such term in Section 2.24(a)(ii).

 

“Extension/Modification” has the
meaning assigned to such term in Section 2.24(a).

 

“Extension/Modification Amendment”
means an amendment to this Agreement that is reasonably satisfactory to the Administrative Agent (solely for purposes of giving effect
to Section 2.24) and the Borrower executed by each of (a) Holdings, the Borrower and the other Loan Parties, (b) the Administrative
Agent and (c) each Lender that has accepted the applicable Extension/Modification Offer pursuant hereto and in accordance with Section 2.24.

 

“Extension/Modification Offer”
has the meaning assigned to such term in Section 2.24(a).

 

“FATCA” means Sections 1471 through
1474 of the Code as in effect on the date hereof (and any amended or successor version thereof that is substantively comparable and not
materially more onerous to comply with), any current or future Treasury regulations or other official administrative interpretations thereof
and any agreements entered into pursuant to Section 1471(b)(1) of the Code.

 

“FCA” has the meaning assigned
to such term in Section 1.08.

 

“Federal Funds Effective Rate”
means, for any day, the rate calculated by the NYFRB on such day’s Federal funds transactions by depositary institutions (as determined
in such manner as the NYFRB shall set forth on the NYFRB’s Website from time to time) and published on the next succeeding Business
Day by the NYFRB as the Federal funds effective rate. Notwithstanding the foregoing, the Federal Funds Effective Rate will be deemed to
be 0.00% per annum if the Federal Funds Effective Rate calculated pursuant to the foregoing provisions would otherwise be less than 0.00%
per annum.

 

“Fee Letter” means the Administrative
Agent Fee Letter dated as of May 13, 2021,

 

between the Borrower and Goldman Sachs Bank USA.

 

“Financial
Officer” means the chief financial officer, principal accounting officer, treasurer or controller of the Borrower.

 

“Financial
Performance Covenant” means the covenant set forth in Section 6.11.

 

“Financing
Transactions” means the execution, delivery and performance by each Loan Party of the Loan Documents to which it is to
be a party, the borrowing of Loans, the use of the proceeds thereof and the issuance of Letters of Credit hereunder.

 

“First
Amendment” means the First Amendment to this Agreement, dated as of December 20, 2021, among the Borrower, Holdings, the other
Loan Parties, the Lenders party thereto and the Administrative Agent.

 

“First
Amendment Effective Date” means December 20, 2021.

 

“First
Amendment Incremental Term Lenders” has the meaning assigned to such term in the First Amendment.

 

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“First
Amendment Incremental Term Loans” has the meaning assigned to such term in the First Amendment.

 

“First Lien Net Leverage Ratio”
means, as of any date of determination, the ratio of (a) Consolidated First Lien Debt as of such date, net of Unrestricted Cash as
of such date, to (b) Consolidated EBITDA for the most recently ended Test Period.

 

“Fixed
Amount” has the meaning assigned to such term in Section 1.06(b).

 

“Flood
Insurance Laws” means, collectively, (a) the National Flood Insurance Reform Act of 1994 (which comprehensively
revised the National Flood Insurance Act of 1968 and the Flood Disaster Protection Act of 1973) as now or hereafter in effect or any
successor or supplemental statutes, rules and regulations thereto, (b) the Flood Insurance Reform Act of 2004 as now or hereafter
in effect or any successor or supplemental statutes, rules and regulations thereto and (c) the Biggert-Waters Flood Insurance
Reform Act of 2012 and any successor or supplemental statutes, rules and regulations thereto.

 

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

 

“Foreign
Lender” means any Lender that is organized under the laws of a jurisdiction other than that in which the Borrower is
located. For purposes of this definition, the United States of America, each State thereof and the District of Columbia shall be deemed
to constitute a single jurisdiction.

 

“Foreign
Subsidiary” means any Subsidiary other than a Domestic Subsidiary.

 

“FreedomRoads Entity” means FreedomRoads
Intermediate Holdco, LLC, a Minnesota limited liability company, and its subsidiaries.

 

“FreedomRoads Floorplan Credit Agreement”
means (a) the Seventh Amended and Restated Credit Agreement dated as of December 12, 2017, among FreedomRoads, LLC, as borrower,
certain of its subsidiaries, as borrowers, the lenders party thereto and Bank of America, N.A., as administrative agent, as amended by
the First Amendment, the Second Amendment and the Third Amendment thereto and as the same may be further amended, amended and restated,
supplemented or otherwise modified from time to time (including any guarantee agreements, security documents and related agreements),
so long as the Indebtedness thereunder continues to be with respect to floor plan financing arrangements and any working capital revolving
credit and letter of credit facilities, and (b) whether in addition to or a replacement or refinancing thereof and whether by the
same or any other agent, lender or group of lenders and whether or not increasing the amount of Indebtedness that may be incurred thereunder,
one or more other floor plan financing arrangements (including any guarantee agreements, security documents and related agreements), in
each case as such agreements may be amended (including any amendment and restatement thereof), supplemented or otherwise modified from
time to time.

 

“FreedomRoads Floorplan Indebtedness”
means Indebtedness of the FreedomRoads Entities outstanding under any FreedomRoads Floorplan Credit Agreement.

 

“Funded Debt” means all Indebtedness
of the Borrower and its Subsidiaries for borrowed money that matures more than one year from the date of its creation or matures within
one year from such date that is renewable or extendable, at the option of such Person, to a date more than one year from such date or
arises under a revolving credit or similar agreement that obligates the lender or lenders to extend credit during a period of more than
one year from such date, including Indebtedness in respect of the Loans.

 

    28

     

    

 

“GAAP” means generally accepted
accounting principles in the United States of America, as in effect from time to time but subject to Section 1.04.

 

“Governmental Approvals” means
all authorizations, consents, approvals, permits, licenses and exemptions of, registrations and filings with, and reports to, Governmental
Authorities.

 

“Governmental Authority” means
the government of the United States of America, any other nation or any political subdivision thereof, whether federal, state, provincial,
territorial, local, and any agency, authority, instrumentality, regulatory body, court, 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).

 

“Guarantee” of or by any Person
(the “guarantor”) means any obligation, contingent or otherwise, of the guarantor guaranteeing or having the economic
effect of guaranteeing any Indebtedness of any other Person (the “primary obligor”) in any manner, whether directly
or indirectly, and including any obligation of the guarantor, direct or indirect, (a) to purchase or pay (or advance or supply funds
for the purchase or payment of) such Indebtedness or to purchase (or to advance or supply funds for the purchase of) any security for
the payment thereof, (b) to purchase or lease property, securities or services for the purpose of assuring the owner of such Indebtedness
of the payment thereof, (c) to maintain working capital, equity capital or any other financial statement condition or liquidity of
the primary obligor so as to enable the primary obligor to pay such Indebtedness or (d) as an account party in respect of any letter
of credit or letter of guaranty issued to support such Indebtedness; provided that the term Guarantee shall not include endorsements
for collection or deposit in the ordinary course of business or customary and reasonable indemnity obligations in effect on the Effective
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 shall be deemed to be an amount equal to the stated or determinable amount
of the related primary obligation, or portion thereof, in respect of which such Guarantee is made or, if not stated or determinable, the
maximum reasonably anticipated liability in respect thereof as determined in good faith by a Financial Officer. The term “Guarantee”
as a verb has a corresponding meaning.

 

“Guarantee Agreement” means the
Guarantee Agreement, dated as of the Effective Date, among Holdings, the Borrower, the other Loan Parties and the Administrative Agent,
as supplemented by any supplement.

 

“Hazardous Materials” means all
substances, wastes, pollutants or contaminants, materials, constituents, chemicals or compounds in any form regulated under any Environmental
Law, including petroleum or petroleum by-products or distillates, asbestos or asbestos-containing materials, polychlorinated biphenyls,
radon gas.

 

“Holdings” has the meaning assigned
to such term in the preamble hereto.

 

“Holdings LLC Agreement” means
the Amended and Restated Limited Liability Company Agreement of Holdings dated as of October 6, 2016, as in effect on the date hereof.

 

“IBA” has the meaning assigned
to such term in Section 1.08.

 

    29

     

    

 

“Immaterial Subsidiary” means
any Subsidiary other than a Material Subsidiary.

 

“Incremental Base Amount” means,
at any time, the greater of (a) $725,000,000 and (b) 100% of Consolidated EBITDA for the most recently ended Test Period (calculated
on a Pro Forma Basis, including to give effect to any Permitted Acquisition or other Investment to be consummated in connection with the
incurrence of any Indebtedness with respect to which the Incremental Base Amount is being determined).

 

“Incremental Cap”
means:

 

(a)           the
Incremental Base Amount, plus

 

(b)           in
the case of any Incremental Facility or Incremental Equivalent Debt that effectively replaces, refinances or extends the Maturity Date
with respect to any Class of Loans and/or Commitments hereunder or the final maturity date of any Specified Other Indebtedness (in
each case, other than any Class of Loans or Commitments or any Specified Other Indebtedness to the extent theretofore incurred or
established in reliance on the Incremental Base Amount), an amount equal to the portion of the relevant Class of Loans or Commitments
or Specified Other Indebtedness that will be replaced, refinanced or extended by such Incremental Facility or Incremental Equivalent Debt,
provided that (i) no Incremental Facilities may be incurred in reliance on this clause (b) in respect of any Specified
Other Indebtedness that is unsecured or that is secured on a junior basis to the Liens securing the Credit Facilities, (ii) no
Incremental Equivalent Debt that is secured may be incurred in reliance on this clause (b) in respect of any Specified Other Indebtedness
that is unsecured and (iii) no Incremental Equivalent Debt that is secured on a pari passu basis with the Liens securing the
Credit Facilities may be incurred in reliance on this clause (b) in respect of any Specified Other Indebtedness that is secured on
a junior basis to the Liens securing the Credit Facilities; plus

 

(c)           the
sum of the aggregate amount of (i) any optional prepayment of any Term Loan pursuant to Section 2.11(a) and any optional
permanent reduction of any Revolving Commitments pursuant to Section 2.08(b), (ii) any optional prepayment, redemption, repurchase
or other retirement of Other First Lien Indebtedness (in the case of any revolving Other First Lien Indebtedness, solely to the extent
accompanied by a permanent reduction of the revolving commitments in respect thereof) and (iii) any reduction in the outstanding
principal amount of any Term Loan or any Other First Lien Indebtedness (other than revolving Other First Lien Indebtedness) resulting
from any assignment of such Term Loan or Other First Lien Indebtedness to, or purchase thereof by, the Borrower and/or any Subsidiary
and the cancellation thereof (in each case, other than Term Loans, Revolving Commitments or Other First Lien Indebtedness to the extent
theretofore incurred or established in reliance on the Incremental Base Amount), in each case under this clause (c), only to the extent
of the actual amount of cash paid by the Borrower and its Subsidiaries in connection with the relevant optional prepayment, redemption,
purchase or assignment and/or other retirement and only to the extent not funded with the proceeds of any long-term Indebtedness (other
than revolving Indebtedness); plus

 

(d)           an
unlimited amount so long as, in the case of this clause (d), at the time of the incurrence of the relevant Incremental Facility or Incremental
Equivalent Debt and after giving Pro Forma Effect thereto and the use of the proceeds thereof (but without “netting” the
cash proceeds thereof) and assuming a full drawing thereof, (i) in the case of any Incremental Facility or any Incremental Equivalent
Debt that is secured by Liens on any Collateral on a pari passu basis with the Liens on such Collateral securing the Credit Facilities,
the First Lien Net Leverage Ratio would not exceed 1.50 to 1.00, (ii) in the case of any Incremental Equivalent Debt that is secured
by Liens on any Collateral on a junior basis to the Liens on such Collateral securing the Credit Facilities, the Secured Net Leverage
Ratio would not exceed 2.00 to 1.00 and (iii) in the case of any Incremental Equivalent Debt that is unsecured or is secured solely
by assets that do not constitute Collateral, the Total Net Leverage Ratio would not exceed 3.00 to 1.00;

 

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provided,
that (i) any Incremental Facility and/or Incremental Equivalent Debt, or any portion thereof, may be incurred under one or more of
clauses (a) through (d) of this definition, as selected by the Borrower in its sole discretion and (ii) if any Incremental
Facility or Incremental Equivalent Debt, or any portion thereof, is intended to be incurred under clause (d) of this definition and
any other clause of this definition in a single transaction or series of related transaction, the permissibility of the portion of such
Incremental Facility or Incremental Equivalent Debt to be incurred under clause (d) of this definition shall be determined in accordance
with Section 1.06(b).

 

“Incremental Commitment” means
any commitment by a Lender to provide all or any portion of any Incremental Facility.

 

“Incremental
Equivalent Debt” means any Indebtedness of the Borrower in the form of first lien secured loans or notes, junior lien
secured loans or notes, senior unsecured loans or notes, subordinated unsecured loans or notes or “mezzanine” debt, in each
case, whether issued in a public offering, Rule 144A or other private placement, in each case on such terms and pursuant to documentation
as shall be determined by the Borrower and the Persons providing such Indebtedness; provided that, in each case:

 

(a)           the
aggregate outstanding principal amount of all Incremental Equivalent Debt, together with the aggregate outstanding principal amount of
all Incremental Facilities, shall not exceed the Incremental Cap (as in effect at the time of the relevant determination);

 

(b)           the
final maturity date of any Incremental Equivalent Debt (determined, in the case of Customary Bridge Loans, in accordance with the definition
of “Customary Bridge Loans”) shall be no earlier than the Latest Maturity Date as of the date of the incurrence thereof;

 

(c)           the
Weighted Average Life to Maturity of any Incremental Equivalent Debt (determined, in the case of Customary Bridge Loans, in accordance
with the definition of “Customary Bridge Loans”) shall be no shorter than the longest remaining Weighted Average Life to Maturity
of any Class of Term Loans outstanding (determined after giving effect to any repayment or prepayment of Loans on such date) on the
date of the incurrence thereof;

 

(d)           no
Incremental Equivalent Debt may be (i) the primary obligation of any Person other than the Borrower or a Subsidiary Loan Party or
Guaranteed by any Person that is not a Loan Party, provided that the obligations of any Person with respect to any escrow or similar
arrangement described in clause (ii) shall be deemed not to constitute a Guarantee by such Person, or (ii) secured by any assets
other than the Collateral, provided that any Incremental Equivalent Debt may be secured by the proceeds of such Incremental Equivalent
Debt, and any related deposit of cash or Permitted Investments to cover interest and premium with respect to such Incremental Equivalent
Debt, to the extent and only for so long as such proceeds and related deposit are subject to an escrow or similar arrangement to secure
such Incremental Equivalent Debt pending the application of the proceeds thereof; provided further that any Liens on any Collateral
securing Incremental Equivalent Debt may only be pari passu with or junior to the Liens on such Collateral securing the Credit
Facilities;

 

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(e)           any
Incremental Equivalent Debt that is secured by any Liens on any Collateral or that is subordinated in right of payment to the Credit Facilities
shall be subject to an Acceptable Intercreditor Agreement;

 

(f)            any
Incremental Equivalent Debt in the form of term loans secured by Liens on any Collateral on a pari passu basis to the Liens on
such Collateral securing the Credit Facilities shall be subject to clause (iv)(A) of the proviso to Section 2.22(a), mutatis
mutandis; and

 

(g)           except
with respect to pricing, fees, premiums, rate floors and other components of yield (and any “MFN” terms), final maturity or
commitment termination, amortization, escrow provisions, prepayments and redemptions (including restrictions on prepayments and redemptions)
and except as otherwise permitted herein, Incremental Equivalent Debt shall not contain terms materially more restrictive (when taken
as a whole and as determined by the Borrower in good faith) on the Borrower and its Subsidiaries than those applicable to any Class of
Term Loans outstanding (determined after giving effect to any repayment or prepayment of Loans on such date) on the date of the incurrence
thereof (except to the extent such terms are (A) applicable only after the Latest Term Loan Maturity Date as of the date of the incurrence
thereof and/or (B) consistent with market terms and conditions (when taken as a whole) at the time of the incurrence thereof (as
determined by the Borrower in good faith)).

 

“Incremental Facilities” has the
meaning assigned to such term in Section 2.22(a).

 

“Incremental Facility Amendment”
means an amendment to this Agreement that is reasonably satisfactory to the Administrative Agent (solely for purposes of giving effect
to Section 2.22) and the Borrower executed by each of (a) Holdings, the Borrower and the other Loan Parties, (b) the Administrative
Agent and (c) each Lender that agrees to provide all or any portion of the Incremental Facility being established pursuant thereto
and in accordance with Section 2.22.

 

“Incremental Increase” has the
meaning assigned to such term in Section 2.22(a).

 

“Incremental Lender” has the meaning
assigned to such term in Section 2.22(b).

 

“Incremental Loans” has the meaning
assigned to such term in Section 2.22(a).

 

“Incremental Term Facility” has
the meaning assigned to such term in Section 2.22(a).

 

“Incremental Term Loans” has the
meaning assigned to such term in Section 2.22(a).

 

“Incurrence-Based Amount” has
the meaning assigned to such term in Section 1.06(b).

 

“Indebtedness”
of any Person means, without duplication, (a) all obligations of such Person for borrowed money or with respect to deposits or advances
of any kind, (b) all obligations of such Person evidenced by bonds, debentures, notes or similar instruments, (c) all obligations
of such Person under conditional sale or other title retention agreements relating to property acquired by such Person, (d) all
obligations of such Person in respect of the deferred purchase price of property or services (excluding trade accounts payable in the
ordinary course of business and any earn-out obligation until such obligation becomes a liability on the balance sheet of such Person
in accordance with GAAP), (e) all Indebtedness of others secured by (or for which the holder of such Indebtedness has an existing
right, contingent or otherwise, to be secured by) any Lien on property owned or acquired by such Person, whether or not the Indebtedness
secured thereby has been assumed, (f) all Guarantees by such Person of Indebtedness of others, (g) all Capital Lease Obligations
of such Person, (h) all obligations, contingent or otherwise, of such Person as an account party in respect of letters of credit
and letters of guaranty and (i) all obligations, contingent or otherwise, of such Person in respect of bankers’ acceptances; provided
that the term “Indebtedness” shall not include (x) deferred or prepaid revenue, (y) purchase price holdbacks
in respect of a portion of the purchase price of an asset to satisfy warranty or other unperformed obligations of the seller or (z) “right
to use” liabilities under real estate lease transactions. The Indebtedness of any Person shall include the Indebtedness of any
other entity (including any partnership in which such Person is a general partner) to the extent such Person is liable therefor as a
result of such Person’s ownership interest in or other relationship with such entity, except to the extent the terms of such Indebtedness
provide that such Person is not liable therefor. The amount of Indebtedness of any Person for purposes of clause (e) above shall
(unless such Indebtedness has been assumed by such Person) be deemed to be equal to the lesser of (A) the aggregate unpaid amount
of such Indebtedness and (B) the fair market value of the property encumbered thereby as determined by such Person in good faith.

 

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“Indemnified Liabilities” has
the meaning assigned to such term in Section 8.06.

 

“Indemnified Taxes” means all
Taxes, other than Excluded Taxes and Other Taxes.

 

“Indemnitee” has the meaning
assigned to such term in Section 9.03(b).

 

“Information” has the meaning
assigned to such term in Section 9.12(a).

 

“Initial Restricted Payment Amount”
means, at any time, the greater of (a) $100,000,000 and (b) 15.0% of Consolidated EBITDA for the most recently ended Test Period.

 

“Initial Revolving Commitment”
means, with respect to any Lender, the commitment, if any, of such Lender to make Initial Revolving Loans and to acquire participations
in Letters of Credit and Swingline Loans hereunder, expressed as an amount representing the maximum permitted amount of such Lender’s
Initial Revolving Exposure hereunder, as such commitment may be (a) reduced from time to time pursuant to Section 2.08, (b) increased
from time to time pursuant to Section 2.22 or (c) reduced or increased from time to time pursuant to assignments by or to such
Lender pursuant to Section 9.04. The initial amount of each Lender’s Initial Revolving Commitment is set forth on Schedule
2.01 or in the Assignment and Assumption or the Incremental Facility Amendment pursuant to which such Lender shall have assumed or provided
its Initial Revolving Commitment, as the case may be. The aggregate amount of the Initial Revolving Commitments on the Effective Date
is $65,000,000.

 

“Initial Revolving Exposure”
means, with respect to any Lender at any time, the sum of (a) the aggregate outstanding principal amount at such time of such Lender’s
Initial Revolving Loans and (b) the amount of such Lender’s LC Exposure and Swingline Exposure at such time, in each case,
attributable to its Initial Revolving Commitment.

 

“Initial Revolving Facility”
means the Initial Revolving Commitments and the Initial Revolving Loans and other extensions of credit thereunder.

 

“Initial Revolving Lender” means
any Lender with an Initial Revolving Commitment or any Initial Revolving Exposure.

 

“Initial Revolving Loan” means
the revolving loans made by the Initial Revolving Lenders to the Borrower pursuant to Section 2.01(b).

 

“Initial
Revolving Maturity Date” means June 3, 2026.

 

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“Initial Term Commitment” means,
with respect to any Lender, the commitment, if any, of such Lender to make an Initial Term Loan hereunder on the Effective Date, expressed
as an amount representing the maximum principal amount of the Initial Term Loan to be made by such Lender hereunder, as such commitment
may be (a) reduced from time to time pursuant to Section 2.08, (b) increased from time to time pursuant to Section 2.20
and (c) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to an Assignment and Assumption.
The initial amount of each Lender’s Initial Term Commitment is set forth on Schedule 2.01 or in the Assignment and Assumption or
the Incremental Facility Amendment pursuant to which such Lender shall have assumed or provided its Initial Term Commitment, as the case
may be. The aggregate amount of the Initial Term Commitments on the Effective Date is $1,100,000,000.

 

“Initial Term Lender” means any
Lender with an Initial Term Commitment or an outstanding Initial Term Loan.

 

“Initial
Term Loans” means, collectively, (a) the term loans made by the
Initial Term Lenders to the Borrower pursuant to Section 2.01(a) and (b) from and after
the First Amendment Effective Date, the First Amendment Incremental Term Loans.

 

“Initial Term Maturity Date” means
June 3, 2028.

 

“Intellectual Property” has the
meaning assigned to such term in the Collateral Agreement.

 

“Intercreditor Agreement” means,
at any time, any Acceptable Intercreditor Agreement then in effect.

 

“Interest Election Request” means
a written request by the Borrower to convert or continue a Revolving Borrowing or Term Borrowing in accordance with Section 2.07,
substantially in the form of Exhibit G hereto or any other form reasonably approved by the Administrative Agent.

 

“Interest Payment Date” means
(a) with respect to any ABR Loan (including a Swingline Loan), the last Business Day of each March, June, September and December and
(b) with respect to any Eurocurrency Loan, the last day of the Interest Period applicable to the Borrowing of which such Loan is
a part and, in the case of a Eurocurrency Borrowing with an Interest Period of more than three months’ duration, each day prior
to the last day of such Interest Period that occurs at intervals of three months’ duration after the first day of such Interest
Period.

 

“Interest Period” means, with
respect to any Eurocurrency Borrowing, the period commencing on the date of such Borrowing and ending on the date that is one, three or
six months thereafter as selected by the Borrower in a Borrowing Request; provided that (a) if any Interest Period would end
on a day other than a Business Day, such Interest Period shall be extended to the next succeeding Business Day unless such next succeeding
Business Day would fall in the next calendar month, in which case such Interest Period shall end on the next preceding Business Day, (b) any
Interest Period that commences on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding
day in the last calendar month of such Interest Period) shall end on the last Business Day of the last calendar month at the end of such
Interest Period and (c) no Interest Period shall extend beyond the Maturity Date applicable to such Borrowing. For purposes hereof,
the date of a Borrowing initially shall be the date on which such Borrowing is made and thereafter shall be the effective date of the
most recent conversion or continuation of such Borrowing.

 

“Intermediate Parent” means any
Wholly Owned Subsidiary of Holdings of which the Borrower is a subsidiary.

 

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“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 or assumption
of Indebtedness or other obligations 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 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. The amount, as of any date of determination, of (a) any
Investment in the form of a loan or an advance shall be the principal amount thereof outstanding on such date, minus any cash payments
actually received by the investing Person representing interest in respect of such Investment (to the extent any such payment to be deducted
does not exceed the remaining principal amount of such Investment), but without any adjustment for write-downs or write-offs (including
as a result of forgiveness of any portion thereof) with respect to such loan or advance after the date thereof, (b) any Investment
in the form of a Guarantee shall be equal to the stated or determinable amount of the related primary obligation, or portion thereof,
in respect of which such Guarantee is made or, if not stated or determinable, the maximum reasonably anticipated liability in respect
thereof, as determined in good faith by a Financial Officer, (c) any Investment in the form of a transfer of Equity Interests or
other non-cash property by the investor to the investee, including any such transfer in the form of a capital contribution, shall be the
fair market value (as determined in good faith by a Financial Officer) of such Equity Interests or other property as of the time of the
transfer, minus any payments actually received by the investing Person representing a return of capital of, or dividends or other
distributions in respect of, such Investment (to the extent such payments do not exceed, in the aggregate, the original amount of such
Investment), but without any other adjustment for increases or decreases in value of, or write-ups, write-downs or write-offs with respect
to, such Investment after the date of such Investment, and (d) any Investment (other than any Investment referred to in clause (a),
(b) or (c) above) by the specified Person in the form of a purchase or other acquisition for value of any Equity Interests,
evidences of Indebtedness or other securities of any other Person shall be the original cost of such Investment (including any Indebtedness
assumed in connection therewith), plus (i) the cost of all additions thereto and minus (ii) the amount of any
portion of such Investment that has been repaid to the investor in cash as a repayment of principal or a return of capital, and of any
cash payments actually received by such investor representing interest, dividends or other distributions in respect of such Investment
(to the extent the amounts referred to in clause (ii) do not, in the aggregate, exceed the original cost of such Investment plus
the costs of additions thereto), but without any other adjustment for increases or decreases in value of, or write-ups, write-downs or
write-offs with respect to, such Investment after the date of such Investment. For purposes of Section 6.04, if an Investment involves
the acquisition of more than one Person, the amount of such Investment shall be allocated among the acquired Persons in accordance with
GAAP; provided that pending the final determination of the amounts to be so allocated in accordance with GAAP, such allocation
shall be as reasonably determined by a Financial Officer.

 

“Investor”
means a holder of Equity Interests in Holdings.

 

“IPO Transactions” means the issuance
and sale of shares of Class A common stock of CWH for cash in an underwritten public offering completed on October 13, 2016,
and the transactions undertaken in connection therewith.

 

“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.

 

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“ISP” means, with respect to any
Letter of Credit, the “International Standby Practices 1998” published by the Institute of International Banking Law &
Practice, Inc. (or such later version thereof as may be in effect at the time of issuance).

 

“Issuing Bank” means (a) Goldman
Sachs Bank USA, (b) JPMorgan Chase Bank, N.A. and (c) each Revolving Lender that shall have become an Issuing Bank hereunder
as provided in Section 2.05(k) (other than any Person that shall have ceased to be an Issuing Bank as provided in Section 2.05(l)),
each in its capacity as an issuer of Letters of Credit hereunder. Each Issuing Bank may, in its discretion, arrange for one or more Letters
of Credit to be issued by branches or Affiliates of such Issuing Bank, in which case the term “Issuing Bank” shall include
any such branch or Affiliate with respect to Letters of Credit issued by such Affiliate (it being agreed that such Issuing Bank shall
cause such branch or Affiliate to comply with the requirements of Section 2.05 with respect to such Letters of Credit).

 

“Judgment Currency” has the meaning
assigned to such term in Section 9.14(b).

 

“Latest Maturity Date” means,
at any date of determination, the latest Maturity Date applicable to any Class of Loans or Commitments on such date (giving effect
to any repayment or prepayment of Loans or termination of Commitments to occur on such date).

 

“Latest Revolving Maturity Date”
means, as of any date of determination, the latest Maturity Date applicable to any Class of Revolving Loans or Revolving Commitments
on such date (giving effect to any prepayment or repayment of Loans and termination of Commitments to occur on such date).

 

“Latest Term Maturity Date” means,
as of any date of determination, the latest Maturity Date applicable to any Class of Term Loans or Term Commitments on such date
(giving effect to any prepayment or repayment of Loans or termination of Commitments to occur on such date).

 

“LC Commitment” means, with respect
to each Issuing Bank, the commitment of such Issuing Bank to issue Letters of Credit pursuant to Section 2.05, expressed as an amount
representing the maximum LC Exposure attributable to Letters of Credit issued by such Issuing Bank. The initial amount of each Issuing
Bank’s LC Commitment is set forth on Schedule 2.01 or in the agreement referred to in Section 2.05(k) pursuant to which
it became an Issuing Bank hereunder. The LC Commitment of any Issuing Bank may be increased or reduced by written agreement between such
Issuing Bank and the Borrower, provided that a copy of such written agreement shall have been delivered to the Administrative Agent.
The aggregate amount of the LC Commitments on the Effective Date is $25,000,000.

 

“LC Disbursement” means a payment
made by an Issuing Bank pursuant to a Letter of Credit.

 

“LC
Exposure” means, at any time, the sum of (a) the aggregate amount of all Letters of Credit that remains available for
drawing at such time and (b) the aggregate amount of all LC Disbursements that have not yet been reimbursed by or on behalf of
the Borrower at such time. The LC Exposure of any Revolving Lender at any time shall be its Applicable Percentage of the total LC
Exposure at such time.

 

“LCT Test Date” has the meaning
assigned to such term in Section 1.06(a).

 

“Lender-Related Person” means
the Administrative Agent, each Issuing Bank, each Lender, the Syndication Agent, the Documentation Agent, the Arrangers and each Related
Party of any of the foregoing Persons.

 

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“Lenders” means the Persons listed
on Schedule 2.01 and any other Person that shall have become a party hereto pursuant to an Assignment and Assumption, an Incremental Facility
Amendment or a Refinancing Amendment, in each case, other than any such Person that ceases to be a party hereto pursuant to an Assignment
and Assumption. Unless the context otherwise requires, the term “Lenders” includes each Swingline Lender.

 

“Letter of Credit” means (a) each
Existing Letter of Credit and (b) each letter of credit issued pursuant to this Agreement, other than any such letter of credit that
shall have ceased to be a “Letter of Credit” outstanding hereunder pursuant to Section 9.05.

 

“Letter of Credit Sublimit” means
an amount equal to $25,000,000. The Letter of Credit Sublimit is part of and not in addition to the aggregate Revolving Commitments.

 

“LIBO Rate” means, with respect
to any Eurocurrency Borrowing for any applicable Interest Period, the LIBO Screen Rate at approximately 11:00 a.m., London time, two Business
Days prior to the commencement of such Interest Period.

 

“LIBO Screen Rate” means, for
any Interest Period with respect to a Eurocurrency Borrowing, the rate per annum determined by the Administrative Agent to be the London
interbank offered rate as administered by the ICE Benchmark Administration (or any other Person that takes over the administration of
that rate) for dollars for a period equal in length to the applicable Interest Period (for delivery on the first day of such Interest
Period) as displayed on the Reuters screen page that displays such rate (currently page LIBOR01 or LIBOR02) (or, in the event
such rate does not appear on a Reuters screen page, on the appropriate page of such other information service that publishes such
rate as shall be selected by the Administrative Agent from time to time in its reasonable discretion). Notwithstanding the foregoing,
(a) the LIBO Screen Rate will be deemed to be 0.00% per annum if the LIBO Screen Rate determined pursuant to the foregoing provisions
would otherwise be less than 0.00% per annum and (b) solely with respect to the LIBO Screen Rate as applicable to the Initial Term
Loans, the LIBO Screen Rate will be deemed to be 0.75% per annum if the LIBO Screen Rate calculated pursuant to the foregoing provisions
would otherwise be less than 0.75% per annum.

 

“Lien” means, with respect to
any asset, (a) any mortgage, deed of trust, lien, pledge, hypothecation, encumbrance, charge or security interest in, on or of such
asset and (b) the interest of a vendor or a lessor under any conditional sale agreement, capital lease or title retention agreement
(or any financing lease having substantially the same economic effect as any of the foregoing) relating to such asset.

 

“Limited Conditionality Transaction”
means (a) any acquisition or Investment or any sale, transfer or other disposition of assets (other than in the ordinary course of
business) permitted by this Agreement that the Borrower or one of its Subsidiaries is contractually or legally committed to consummate
(it being understood that such commitment may be subject to conditions precedent, which conditions precedent may be amended, satisfied
or waived in accordance with the terms of the applicable agreement) or (b) any repayment, prepayment, redemption or other discharge
of Indebtedness by the Borrower or any Subsidiary that requires delivery of an irrevocable notice (which may be conditional) thereof.

 

“Loan Document Obligations” has
the meaning assigned to such term in the Collateral Agreement.

 

“Loan Documents” means this
Agreement, each Incremental Facility Amendment, each Refinancing Amendment, each Extension/Modification Amendment, the Guarantee
Agreement, the Collateral Agreement, the other Security Documents, each Intercreditor Agreement and, except for purposes of Section
9.02, any promissory notes delivered pursuant to Section 2.09(e).

 

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“Loan Parties” means Holdings,
any Intermediate Parent, the Borrower and the Subsidiary Loan Parties.

 

“Loans” means the loans made by
the Lenders to the Borrower pursuant to this Agreement.

 

“Majority in Interest”, when used
in reference to Lenders of any Class, means, at any time, (a) in the case of the Revolving Lenders, Lenders having Revolving Exposures
and unused Revolving Commitments of such Class representing more than 50% of the aggregate Revolving Exposures and the unused aggregate
Revolving Commitments of such Class at such time; provided that for purposes of this clause (a), the Swingline Exposure and
unused Revolving Commitment of any Class of any Revolving Lender that is a Swingline Lender shall be determined without giving effect
to clause (b) (and the parenthetical clause set forth in clause (a)) of the definition of the term Swingline Exposure; and (b) in
the case of the Term Lenders of any Class, Lenders holding Term Loans or Term Commitments of such Class representing more than 50%
of the aggregate principal amount of the Term Loans and the aggregate Term Commitments of such Class at such time, provided
that whenever there are one or more Defaulting Lenders, the Revolving Exposures, unused Revolving Commitments, Term Loans and Term Commitments
of each Defaulting Lender shall, in each case, be excluded for purposes of making a determination of the Majority in Interest of any Class.

 

“Management Investors” means the
directors, officers and employees of Holdings, any Intermediate Parent, the Borrower and/or its Subsidiaries who are (directly or indirectly,
including through one or more investment vehicles) investors in Holdings (or any direct or indirect parent thereof).

 

“Margin Stock” means “margin
stock” as such term is defined in Regulation U of the Federal Reserve Board.

 

“Material Adverse Effect” means
a materially adverse effect on (a) the business, financial condition or results of operations of Holdings, any Intermediate Parent,
the Borrower and its Subsidiaries, taken as a whole, (b) the ability of the Borrower and the other Loan Parties, taken as a whole,
to perform their payment obligations under the Loan Documents or (c) the rights and remedies of the Administrative Agent and the
Lenders under the Loan Documents.

 

“Material Indebtedness” means
Indebtedness (other than the Loan Document Obligations), or obligations in respect of one or more Swap Agreements, of any one or more
of Holdings, any Intermediate Parent, the Borrower and the Subsidiaries in an aggregate principal amount exceeding $50,000,000. For purposes
of determining Material Indebtedness, the “principal amount” of the obligations in respect of any Swap Agreement at any time
shall be the maximum aggregate amount (giving effect to any netting agreements) that Holdings, any Intermediate Parent, the Borrower or
any Subsidiary would be required to pay if such Swap Agreement were terminated at such time.

 

“Material Subsidiary” means
(a) each Wholly Owned Subsidiary that had revenues or total assets for or as of the last day of the fiscal quarter of the
Borrower most recently ended for which financial statements have been delivered pursuant to Section 5.01(a) or
5.01(b) (or, prior to the first such delivery, for which financial statements are referred to in Section 3.04) in excess
of 1.0% of the consolidated revenues or total assets, as applicable, of the Borrower for or as of the last day of such fiscal
quarter and (b) each Wholly Owned Subsidiaries that itself would not have been a Material Subsidiary under clause (a) but
that, taken together with all other such Wholly Owned Subsidiaries, had revenues or total assets for or as of the last day of such
fiscal quarter of the Borrower in excess of 5.0% of the consolidated revenues or total assets, as applicable, of the Borrower for or
as of the last day of such fiscal quarter.

 

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“Maturity Date” means (a) with
respect to the Initial Revolving Facility, the Initial Revolving Maturity Date, (b) with respect to the Initial Term Loans, the Initial
Term Maturity Date and (c) with respect to any other Class of Term Loans or Commitments, the final scheduled maturity date therefor
set forth in the applicable Incremental Facility Amendment, Refinancing Amendment or Extension/Modification Amendment.

 

“Maximum Rate” has the meaning
assigned to such term in Section 9.17.

 

“Minimum Extension/Modification Condition”
has the meaning assigned to such term in Section 2.24(b).

 

“Moody’s” means Moody’s
Investors Service, Inc. and any successor to its rating agency business.

 

“Mortgage” means a mortgage, deed
of trust, assignment of leases and rents or other security document granting a Lien on any Mortgaged Property to secure the Secured Obligations.
Each Mortgage shall be in form and substance reasonably satisfactory to the Administrative Agent and the Borrower.

 

“Mortgaged
Property” means each parcel of real property with respect to which a Mortgage is granted or required to be granted
pursuant to the Collateral and Guarantee Requirement, Section 5.11 or Section 5.12, which for the avoidance of doubt will
exclude any Excluded Assets.

 

“Multiemployer Plan” means a multiemployer
plan as defined in Section 4001(a)(3) of ERISA.

 

“Net Proceeds” means, with
respect to any event, (a) the proceeds received in respect of such event in cash or Permitted Investments, including
(i) any cash or Permitted Investments received in respect of any non-cash proceeds (including any cash payments received by way
of deferred payment of principal pursuant to a note or installment receivable or purchase price adjustment or earn-out, but
excluding any interest payments), but only as and when received, (ii) in the case of a casualty, insurance proceeds, and
(iii) in the case of a condemnation or similar event, condemnation awards and similar payments, minus (b) the sum
of (i) all fees and out-of-pocket expenses paid by Holdings, any Intermediate Parent, the Borrower and its Subsidiaries in
connection with such event (including attorney’s fees, investment banking fees, survey costs, title insurance premiums, and
related search and recording charges, transfer taxes, deed or mortgage recording taxes, underwriting discounts and commissions,
other customary expenses and brokerage, consultant, accountant and other customary fees), (ii) in the case of a sale, transfer
or other disposition of an asset (including pursuant to a sale and leaseback transaction or a casualty or a condemnation or similar
proceeding), (x) the amount of all payments that are permitted hereunder and are required to be made by Holdings, any
Intermediate Parent, the Borrower and its Subsidiaries as a result of such event to repay Indebtedness (other than the Loans)
secured by a Lien on such asset (which Lien, if such assets constitute Collateral, ranks prior to the Lien securing the Secured
Obligations), (y) the pro rata portion of net cash proceeds thereof (calculated without regard to this clause (y)) attributable
to minority interests and not available for distribution to or for the account of Holdings, any Intermediate Parent, the Borrower
and its Subsidiaries as a result thereof and (z) the amount of any liabilities directly associated with such asset and retained
by the Borrower or any Subsidiary and (iii) the amount of all taxes paid (or reasonably estimated to be payable), and the
amount of any reserves established by Holdings, any Intermediate Parent, the Borrower and its Subsidiaries to fund contingent
liabilities reasonably estimated to be payable, that are directly attributable to such event, provided that any reduction at
any time in the amount of any such reserves (other than as a result of payments made in respect thereof) shall be deemed to
constitute the receipt by the Borrower at such time of Net Proceeds in the amount of such reduction. Notwithstanding the foregoing
provisions of this definition, any proceeds of a Prepayment Event related to assets of any FreedomRoads Entity shall for all
purposes of this Agreement be deemed not to constitute “Net Proceeds” if, to the extent and for so long as (1) such
proceeds are required to be applied, and are so applied, to mandatory prepayments of amounts outstanding under, or otherwise
required to be applied under, the FreedomRoads Floorplan Credit Agreement or (2) such proceeds are otherwise restricted from
being distributed to the Borrower pursuant to the terms of the FreedomRoads Floorplan Credit Agreement; provided, that if any
amount of such proceeds referred to in the preceding clause (2) shall cease to be so restricted, then such amount shall no
longer be excluded from the definition of “Net Proceeds”.

 

    39

     

    

 

“Non-Cash Charges” means (a) any
impairment charge or asset write-off or write-down related to intangible assets (including goodwill), long-lived assets, and Investments
in debt and equity securities pursuant to GAAP, (b) all losses from Investments recorded using the equity method, (c) all Non-Cash
Compensation Expenses, (d) the non-cash impact of acquisition method accounting, and (e) other non-cash charges, in each case
excluding amortization of a prepaid cash item that was paid in a prior period; provided, in each case, that if any non-cash charges
represent an accrual or reserve for potential cash items in any future period, the cash payment in respect thereof in such future period
shall be subtracted from Consolidated EBITDA and Excess Cash Flow to such extent.

 

“Non-Cash Compensation Expense”
means any non-cash expenses and costs that result from the issuance of stock-based awards, partnership interest-based awards and similar
incentive based compensation awards or arrangements.

 

“Non-Defaulting Lender” means,
at any time, any Lender that is not a Defaulting Lender at such time.

 

“Non-Loan Party Investment Amount”
means, on any date of determination, the sum of (a) the greater of (i) $180,000,000 and (ii) 25.0% of Consolidated EBITDA
for the most recently ended Test Period (calculated on a Pro Forma Basis, including to give effect to any Investment with respect to which
the Non-Loan Party Investment Amount is being determined) and (b) the Available Amount.

 

“Not Otherwise Applied” means,
with reference to any amount, that such amount was not previously applied pursuant to Sections 6.04(b), 6.04(m), 6.07(a)(v)(D), 6.07(a)(vi),
6.07(a)(vii) and 6.07(b)(iv) and the definition of the term “Non-Loan Party Investment Amount”.

 

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

 

“NYFRB Rate” means, for any day,
the greater of (a) the Federal Funds Effective Rate in effect on such day and (b) the Overnight Bank Funding Rate in effect
on such day (or for any day that is not a Business Day, for the immediately preceding Business Day); provided that if none of such rates
are published for any day that is a Business Day, the term “NYFRB Rate” means the rate for a federal funds transaction quoted
at 11:00 a.m., New York City time, on such day received by the Administrative Agent from a federal funds broker of recognized standing
selected by it. Notwithstanding the foregoing, if any of the aforesaid rates as so determined is less than 0.00% per annum, such rate
shall be deemed to be 0.00% per annum for all purposes of this Agreement.

 

“NYFRB’s Website” means
the website of the NYFRB at http://www.newyorkfed.org, or any successor source.

 

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“OID” means original issue discount.

 

“Organizational Documents” means,
with respect to any Person, the charter, articles or certificate of organization or incorporation and bylaws or other organizational or
governing documents of such Person.

 

“Other First Lien Indebtedness”
means any Indebtedness permitted by Sections 6.01(a)(xix) and 6.01(a)(xx), in each case, only if such Indebtedness is pari passu
in right of payment with respect to the Credit Facilities and is secured by Liens on any Collateral on a pari passu basis with
the Liens on such Collateral securing the Credit Facilities.

 

“Other Taxes” means all present
or future recording, stamp, documentary, excise, transfer, sales, property or similar Taxes arising from any payment made under any Loan
Document or from the execution, delivery, registration or enforcement of, or otherwise with respect to, any Loan Document.

 

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

 

“Participant”
has the meaning assigned to such term in Section 9.04(c)(i).

 

“Participant Register” has the
meaning assigned to such term in Section 9.04(c)(ii).

 

“Payment Recipient”
has the meaning assigned to such term in Section 8.08(b).

 

“PBGC” means
the Pension Benefit Guaranty Corporation referred to and defined in ERISA and any successor entity performing similar functions.

 

“Perfection Certificate” means
a certificate substantially in the form of Exhibit B or any other form reasonably approved by the Administrative Agent.

 

“Permitted Acquisition”
means the purchase or other acquisition, by merger or otherwise, by the Borrower or any Subsidiary of Equity Interests in, or all or
substantially all the assets of (or all or substantially all the assets constituting a business unit, division, product line or line
of business of), any Person; provided that (a) in the case of any purchase or other acquisition of Equity Interests in a
Person, such Person, upon the consummation of such acquisition, will be a Subsidiary (including as a result of a merger or consolidation
between any Subsidiary and such Person), (b) all transactions related thereto are consummated in accordance with applicable law,
(c) the business of such Person, or such assets, as the case may be, constitute a business permitted by Section 6.03(b), (d) the
Borrower shall comply with Section 5.11 with respect to each such purchase or other acquisition and (e) immediately before
and immediately after giving Pro Forma Effect to any such purchase or other acquisition, no Event of Default pursuant to Section 7.01(h) or
7.01(i) shall have occurred and be continuing.

 

“Permitted Encumbrances” means:

 

(a)            Liens
for Taxes not yet due or payable or that 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 in accordance with GAAP;

 

    41

     

    

 

(b)           Liens
with respect to outstanding motor vehicle fines and Liens imposed by law, such as carriers’, warehousemen’s, mechanics’,
materialmen’s, repairmen’s or construction contractors’ Liens and other similar Liens arising in the ordinary course
of business that secure amounts not overdue for a period of more than 30 days or, if more than 30 days overdue, are unfiled and no other
action has been taken to enforce such Lien or that 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 in accordance with GAAP, in each case so
long as such Liens do not individually or in the aggregate have a Material Adverse Effect;

 

(c)           Liens
incurred or deposits made in the ordinary course of business (i) in connection with workers’ compensation, unemployment insurance
and other social security legislation and (ii) 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 Borrower or any Subsidiary;

 

(d)           Liens
incurred or deposits made to secure the performance of bids, trade contracts, governmental contracts and leases, 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) incurred in the ordinary course of business;

 

(e)           easements,
rights-of-way, restrictions, encroachments, protrusions, zoning restrictions and other similar encumbrances and minor title defects affecting
real property that, in the aggregate, do not in any case materially interfere with the ordinary conduct of the business of the Borrower
and its Subsidiaries, taken as a whole;

 

(f)            Liens
securing, or otherwise arising from, judgments not constituting an Event of Default under Section 7.01(j);

 

(g)           Liens
on goods the purchase price of which is financed by a documentary letter of credit issued for the account of the Borrower or any of its
Subsidiaries; provided that such Lien secures only the obligations of the Borrower or such Subsidiary in respect of such letter
of credit and such obligations are permitted by Section 6.01;

 

(h)           Liens
arising from precautionary Uniform Commercial Code financing statements or similar filings made in respect of operating leases entered
into by the Borrower or any of its Subsidiaries;

 

(i)            leases,
licenses, subleases or sublicenses granted to others that do not (i) interfere in any material respect with the business of the Borrower
and its Subsidiaries, taken as a whole, or (ii) secure any Indebtedness; and

 

(j)            any
interest or title of a lessor under leases (other than leases constituting Capital Lease Obligations) entered into by any of the Borrower
or any Subsidiaries in the ordinary course of business;

 

provided that the term “Permitted Encumbrances”
shall not include any Lien securing Indebtedness other than Liens referred to in clause (c) above securing obligations under letters
of credit or bank guarantees and in clause (g) above.

 

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“Permitted Holders” means (a) the
Sponsor, (b) Stephen Adams and Marcus Lemonis and their respective wives, children, grandchildren and other immediate family members
and any personal representatives of their estates or trusts of which they or their respective wives, children, grandchildren or other
immediate family members are the sole beneficiaries (in each case, directly or indirectly, including through one or more investment vehicles)
and (c) the Management Investors.

 

“Permitted Investments” means
any of the following:

 

(a)           dollars,
euro or such other currencies held by it from time to time in the ordinary course of business;

 

(b)           readily
marketable obligations issued or directly and fully guaranteed or insured by the government or any agency or instrumentality of the United
States, having average maturities of not more than 12 months from the date of acquisition thereof; provided that the full faith
and credit of the United States is pledged in support thereof;

 

(c)           time
deposits with, or insured certificates of deposit or bankers’ acceptances of, any commercial bank that (i) is a Lender or (ii) has
combined capital and surplus of at least $500,000,000 (any such bank in the foregoing clauses (i) or (ii) being an “Approved
Bank”), in each case with average maturities of not more than 12 months from the date of acquisition thereof;

 

(d)           commercial
paper and variable or fixed rate notes issued by an Approved Bank (or by the parent company thereof) or any variable or fixed rate note
issued by, or guaranteed by, a corporation rated A-2 (or the equivalent thereof) or better by S&P or P-2 (or the equivalent thereof)
or better by Moody’s, in each case with average maturities of not more than 12 months from the date of acquisition thereof;

 

(e)           repurchase
agreements entered into by any Person with an Approved Bank, a bank or trust company (including any of the Lenders) or recognized securities
dealer, in each case, having capital and surplus in excess of $500,000,000 for direct obligations issued by or fully guaranteed or insured
by the government or any agency or instrumentality of the United States, in which such Person shall have a perfected first priority security
interest (subject to no other Liens) and having, on the date of purchase thereof, a fair market value of at least 100% of the amount of
the repurchase obligations;

 

(f)            marketable
short-term money market and similar highly liquid funds either (i) having assets in excess of $500,000,000 or (ii) having a
rating of at least A-2 or P-2 from either S&P or Moody’s (or, if at any time neither S&P nor Moody’s shall be rating
such obligations, an equivalent rating from another nationally recognized rating service);

 

(g)           securities
with average maturities of 12 months or less from the date of acquisition issued or fully guaranteed by any state, commonwealth or territory
of the United States or by any political subdivision or taxing authority of any such state, commonwealth or territory, and in each case
having an investment grade rating from either S&P or Moody’s (or the equivalent thereof);

 

(h)           investments
with average maturities of 12 months or less from the date of acquisition in mutual funds rated AAA- (or the equivalent thereof) or better
by S&P or Aaa3 (or the equivalent thereof) or better by Moody’s;

 

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(i)             instruments
equivalent to those referred to in clauses (a) through (h) above denominated in euros or any other foreign currency comparable
in credit quality and tenor to those referred to above and customarily used by corporations for cash management purposes in any jurisdiction
outside the United States to the extent reasonably required in connection with any business conducted by any Subsidiary organized in such
jurisdiction; and

 

(j)             investments,
classified in accordance with GAAP as current assets of the Borrower or any Subsidiary, in money market investment programs that are registered
under the Investment Company Act of 1940 or that are administered by financial institutions having capital of at least $500,000,000, and,
in either case, the portfolios of which are limited such that substantially all of such investments are of the character, quality and
maturity described in clauses (a) through (i) of this definition.

 

“Permitted Refinancing” means,
with respect to any Indebtedness (the “Original Indebtedness”), any Indebtedness that refinances, renews, extends or
replaces such Original Indebtedness; provided that (a) the principal amount (or accreted value, if applicable) thereof does
not exceed the principal amount (or accreted value, if applicable) of such Original Indebtedness except by an amount equal to unpaid accrued
interest and premium thereon plus other amounts paid, and fees and expenses incurred, in connection with such refinancing, renewal, extension
or replacement and by an amount equal to any existing commitments unutilized thereunder (in the case of any such commitments, only if
and to the extent that, had such Original Indebtedness been incurred under such commitments at the time such Permitted Refinancing is
incurred, it would have been permitted hereunder), (b) if such Original Indebtedness is Specified Other Indebtedness, such Permitted
Refinancing 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, such Original Indebtedness, (c) if such Original Indebtedness is Incremental
Equivalent Debt or any prior Permitted Refinancing in respect thereof, such Permitted Refinancing may not be (i) the primary obligation
of any Person other than the Borrower or a Subsidiary Loan Party, (ii) Guaranteed by any Person that is not a Loan Party or (iii) secured
by any assets other than the Collateral (it being understood that any Permitted Refinancing with respect to any Ratio Debt shall be subject
to the applicable limitations set forth in Section 6.01(a)(xx)), (d) if such Original Indebtedness is unsecured, such Permitted
Refinancing may not be secured, (e) if such Original Indebtedness is secured, such Permitted Refinancing may not be secured by any
Lien on any asset other than the assets that secured (or, in the case of after-acquired assets, would be required to secure pursuant to
the terms thereof) such Original Indebtedness or, to the extent such assets would have been required to secure such Original Indebtedness
pursuant to the terms thereof, that are proceeds and products of, or after-acquired property that is affixed or incorporated into, the
assets that secured such Original Indebtedness, (f) if the Liens securing such Original Indebtedness are contractually subordinated
to the Liens on the Collateral securing the Credit Facilities, the Liens securing such Permitted Refinancing shall be subordinated to
the Liens on the Collateral securing the Credit Facilities on terms not materially less favorable (as reasonably determined by the Borrower),
taken as a whole, to the Lenders than those (x) applicable to the Liens securing such Original Indebtedness, taken as a whole, or
(y) set forth in an Acceptable Intercreditor Agreement, and (g) if the Original Indebtedness is subordinated in right of payment
to the Loan Document Obligations, such Permitted Refinancing shall be subordinated in right of payment to the Loan Document Obligations
on terms at least as favorable to the Lenders as those contained in the documentation governing the Original Indebtedness. For the avoidance
of doubt, it is understood that a Permitted Refinancing may constitute a portion of an issuance of Indebtedness in excess of the amount
of such Permitted Refinancing; provided that such excess amount is otherwise permitted to be incurred under Section 6.01.

 

    44

     

    

 

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

 

“Plan” means
any employee pension benefit plan (other than a Multiemployer Plan) subject to the provisions of Title IV of ERISA or Section 412
of the Code or Section 302 of ERISA, and in respect of which the Borrower or any ERISA Affiliate is (or, if such plan were terminated,
would under Section 4069 of ERISA be deemed to be) an “employer” as defined in Section 3(5) of ERISA.

 

“Platform” has the meaning assigned
to such term in Section 5.01.

 

“Post-Transaction Period” means,
with respect to any Specified Transaction, the period beginning on the date such Specified Transaction is consummated and ending on the
last day of the fourth full consecutive fiscal quarter immediately following the date on which such Specified Transaction is consummated.

 

“Prepayment Event” means:

 

(a)           any
sale, transfer or other disposition (including by way of merger or consolidation) of any property or asset of the Borrower or any of its
Subsidiaries permitted by Section 6.05(k) or 6.05(l), or any Casualty Event in respect of any property or asset of the Borrower
or any of its Subsidiaries, other than (i) dispositions and Casualty Events resulting in aggregate Net Proceeds not exceeding (A) $3,500,000
in the case of any single transaction or event or series of related transactions or events and (B) $7,000,000 for all such transactions
or events during any fiscal year of the Borrower or (ii) any sale-leaseback transactions permitted by Section 6.06; or

 

(b)           the
incurrence by the Borrower or any of its Subsidiaries of any Indebtedness, other than Indebtedness permitted under Section 6.01 or
permitted by the Required Lenders pursuant to Section 9.02.

 

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

 

“Private-Side Information” means
any information with respect to CWH, Holdings, the Borrower, any of their respective subsidiaries or any of their or their respective
subsidiaries’ securities that is not Public-Side Information.

 

    45

     

    

 

“Pro Forma
Adjustment” means, for any Test Period that includes all or any part of a fiscal quarter that ends prior to the last day
of the Post-Transaction Period with respect to the Acquired EBITDA of the applicable Acquired Entity or Business or the Consolidated
EBITDA of the Borrower, the pro forma increase or decrease in such Acquired EBITDA or such Consolidated EBITDA, as the case may be,
projected by the Borrower in good faith to be realized as a result of (a) specified actions either taken or expected to be
taken within 12 months after the date of such Specified Transaction for the purposes of realizing cost savings (to the extent that
the Borrower reasonably expects to realize such savings within 18 months after such date), in each case so long as such cost savings
are reasonably identifiable and quantifiable and factually supportable (as evidenced by a certificate from a Financial Officer), or
(b) any additional costs incurred prior to or during such 12-month period in connection with the combination of the operations
of such Acquired Entity or Business with the operations of the Borrower and its Subsidiaries; provided that (i) so long
as such actions are taken prior to or during such Post-Transaction Period or such costs are incurred prior to or during such
Post-Transaction Period it may be assumed, for purposes of projecting such pro forma increase or decrease to such Acquired EBITDA or
Consolidated EBITDA, as the case may be, that such cost savings will be realizable during the entirety of such Test Period, or such
additional costs will be incurred during the entirety of such Test Period, (ii) the aggregate amount of add-backs pursuant to
this definition in any Test Period shall not exceed 15.0% of Consolidated EBITDA for such Test Period (calculated prior to giving
effect to any add-back pursuant to this definition and clause (a)(vi) of the definition of “Consolidated EBITDA”)
and (iii) any such pro forma increase or decrease to such Acquired EBITDA or such Consolidated EBITDA, as the case may be,
shall be without duplication for cost savings or additional costs already included in such Acquired EBITDA or such Consolidated
EBITDA, as the case may be, for such Test Period, and, in the case of cost savings, net of the amount of actual benefits realized
during such period from such actions.

 

“Pro Forma Basis”, “Pro
Forma Compliance” and “Pro Forma Effect” means, with respect to compliance with any test or covenant hereunder
required by the terms of this Agreement to be made on a Pro Forma Basis, 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 in such test or covenant: (i) income statement items (whether
positive or negative) attributable to the property or Person subject to such Specified Transaction, (A) in the case of a Disposition
described in the definition of “Specified Transaction”, shall be excluded and (B) in the case of a Permitted Acquisition
or Investment described in the definition of “Specified Transaction”, shall be included, (ii) any retirement of Indebtedness,
and (iii) any Indebtedness incurred or assumed by the Borrower or any of its 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 that 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 or covenant solely to the extent that such adjustments are consistent with the definition of Consolidated
EBITDA and give effect to operating expense reductions that are (i) (x) directly attributable to such transaction, (y) expected
to have a continuing impact on the Borrower or any of its Subsidiaries and (z) factually supportable or (ii) otherwise consistent
with the definition of Pro Forma Adjustment.

 

“Pro Forma Disposal Adjustment”
means, for any Test Period that includes all or a portion of a fiscal quarter that ends prior to the last day of the Post-Transaction
Period with respect to any Sold Entity or Business, the pro forma increase or decrease in Consolidated EBITDA projected by the Borrower
in good faith as a result of contractual arrangements between the Borrower or any Subsidiary entered into with such Sold Entity or Business
at the time of its disposal or within the Post-Transaction Period and which represent an increase or decrease in Consolidated EBITDA which
is incremental to the Disposed EBITDA of such Sold Entity or Business for the most recent four quarter period prior to its disposal.

 

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

 

“Public Company Expenses”
means expenses incurred in connection with (a) the IPO Transactions, (b) compliance with the requirements of the Sarbanes-Oxley
Act of 2002, the Securities Act of 1933 and the Exchange Act and the rules and regulations promulgated thereunder, as applicable
to companies with equity or debt securities held by the public, or the rules of national securities exchanges applicable to companies
with listed equity or debt securities, and (c) any other expenses attributable to the status of CWH as a public company, including
expenses relating to investor relations, shareholder meetings and reports to shareholders or debtholders, directors’ fees, directors’
and officer’s insurance and other executive costs, legal, audit and other professional fees and listing and filing fees.

 

    46

     

    

 

“Public Lender” has the meaning
assigned to such term in Section 5.01.

 

“Public-Side Information”
means information that either (a) is publicly available or (b) is not material non-public information (within the meaning of
United States Federal and State securities laws and, where applicable, foreign securities laws) concerning CHW, Holdings, the Borrower,
any of their respective subsidiaries or any of their or their respective subsidiaries’ securities.

 

“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).

 

“QFC Credit Support” has the meaning
assigned to such term in Section 9.19(a).

 

“Qualified Equity Interests” means
Equity Interests of Holdings or the Borrower, as applicable, in each case other than Disqualified Equity Interests.

 

“Ratio Debt” means Indebtedness
incurred pursuant to Section 6.01(a)(xx).

 

“Received Loans” has the meaning
assigned to such term in Section 1.05(b).

 

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

 

“Refinanced Revolving Commitments”
has the meaning assigned to such term in Section 2.23(a).

 

“Refinanced Term Loans” has the
meaning assigned to such term in Section 2.23(a).

 

“Refinancing” means (a) the
payment and discharge of the principal of and interest accrued on all outstanding loans, and all other amounts outstanding or accrued,
under the Existing Credit Agreement, the termination of the commitments thereunder and the cancellation or termination of all letters
of credit outstanding thereunder (other than the Existing Letters of Credit), it being agreed that the payment of the principal amount
of the loans outstanding under the Existing Credit Agreement may take the form of a “cashless roll” of such loans into the
Initial Term Loans pursuant to Section 1.05 and the Cashless Exchange Letter, and (b) the termination and release of all Guarantees
and Liens supporting or securing any of the Indebtedness or other obligations referred to in the foregoing clause (a) or created
under the documentation governing any such Indebtedness to support or secure any obligations under Swap Agreements, cash management obligations
or other ancillary obligations.

 

“Refinancing Amendment” means
an amendment to this Agreement that is reasonably satisfactory to the Administrative Agent (solely for purposes of giving effect to Section 2.23)
and the Borrower executed by each of (a) Holdings, the Borrower and the other Loan Parties, (b) the Administrative Agent and
(c) each Lender that agrees to provide all or any portion of the Refinancing Facility being established pursuant thereto and in accordance
with Section 2.23.

 

“Refinancing Commitment” means
any commitment by a Lender to provide all or any portion of any Refinancing Facility.

 

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“Refinancing Facilities” has the
meaning assigned to such term in Section 2.23(a).

 

“Refinancing Increase” has the
meaning assigned to such term in Section 2.23(a).

 

“Refinancing Lender” has the meaning
assigned to such term in Section 2.23(b).

 

“Refinancing Loans” has the meaning
assigned to such term in Section 2.23(a).

 

“Refinancing Revolving Facility”
has the meaning assigned to such term in Section 2.23(a).

 

“Refinancing Term Facility” has
the meaning assigned to such term in Section 2.23(a).

 

“Refinancing Term Loans” has the
meaning assigned to such term in Section 2.23(a).

 

“Repricing Transaction” means
(a) any prepayment or repayment of all or a portion of the Initial Term Loans substantially concurrently with the incurrence by any
Loan Party of, and using the proceeds of, any syndicated term loans (including any Refinancing Term Loans) having an Effective Yield that
is less than the Effective Yield applicable to the Initial Term Loans so prepaid or repaid and (b) any amendment, waiver or other
modification to this Agreement that has the effect of reducing the Effective Yield applicable to the Initial Term Loans; provided,
that the primary purpose (as determined by the Borrower in good faith) of such prepayment, repayment, amendment, waiver or other modification
was to reduce the Effective Yield applicable to the Initial Term Loans; provided further that in no event shall any such prepayment,
repayment, amendment, waiver or other modification in connection with any transaction that would, if consummated, constitute a Change
in Control constitute a Repricing Transaction.

 

“Register” has the meaning assigned
to such term in Section 9.04(b).

 

“Related Parties” means, with
respect to any specified Person, such Person’s Affiliates and the partners, directors, officers, employees, trustees, agents, controlling
persons, advisors and other representatives of such Person and of each of such Person’s Affiliates and permitted successors and
assigns.

 

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

 

“Relevant Governmental Body” means
the Board of Governors or the NYFRB, or a committee officially endorsed or convened by the Board of Governors or the NYFRB, or any successor
thereto.

 

“Required Lenders” means, at any
time, Lenders having Revolving Exposures, Term Loans and unused Commitments (other than Swingline Commitments) representing more than
50% of the aggregate Revolving Exposures, outstanding Term Loans and unused Commitments (other than Swingline Commitments) at such time;
provided that (a) for purposes of this definition, the Swingline Exposure and unused Revolving Commitments of any Revolving
Lender that is a Swingline Lender shall be determined without giving effect to clause (b) (and the parenthetical clause set forth
in clause (a)) of the definition of the term Swingline Exposure and (b) whenever there are one or more Defaulting Lenders, the Revolving
Exposures, Term Loans and unused Commitments of each Defaulting Lender shall, in each case, be excluded for purposes of making a determination
of Required Lenders.

 

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“Required Revolving Lenders” means,
at any time, Lenders having Revolving Exposures and unused Revolving Commitments representing more than 50% of the aggregate Revolving
Exposures and unused Revolving Commitments at such time; provided that (a) for purposes of this definition, the Swingline
Exposure and unused Revolving Commitments of any Revolving Lender that is a Swingline Lender shall be determined without giving effect
to clause (b) (and the parenthetical clause set forth in clause (a)) of the definition of the term Swingline Exposure and (b) whenever
there are one or more Defaulting Lenders, the Revolving Exposures and unused Revolving Commitments of each Defaulting Lender shall, in
each case, be excluded for purposes of making a determination of Required Revolving Lenders.

 

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

 

“Responsible Officer” means, with
respect to any Person, the chief executive officer, president, vice president, chief financial officer, chief administrative officer,
chief legal officer, chief operating officer, treasurer or assistant treasurer, or other similar officer, manager or a director of such
Person and, with respect to limited liability companies or partnerships that do not have officers, of any manager, sole member, managing
member or general partner thereof, and as to any document delivered on the Effective Date or thereafter pursuant to paragraph (a)(i) of
the definition of the term “Collateral and Guarantee Requirement”, any secretary or assistant secretary of such Person. 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 Debt” means any Indebtedness
that is subordinated in right of payment to the Loan Document Obligations or Indebtedness that is secured by Liens on any Collateral that
are junior to the Liens on such Collateral securing the Credit Facilities.

 

“Restricted Debt Payments” has
the meaning assigned to such term in Section 6.07(b).

 

“Restricted Payment” means any
dividend or other distribution (whether in cash, securities or other property) with respect to any Equity Interests in the Borrower or
any 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, acquisition, cancellation or termination of any Equity Interests in the Borrower or any Subsidiary
or any option, warrant or other right to acquire any such Equity Interests in the Borrower or any Subsidiary.

 

“Reuters” means Thomson Reuters
Corporation, Refinitiv or, in each case, a successor thereto.

 

“Revolving Availability Period”
means the period after the Effective Date to but excluding the earlier of the Initial Revolving Maturity Date and the date of termination
of the Initial Revolving Commitments.

 

“Revolving Borrowing” means any
Borrowing comprised of Revolving Loans.

 

“Revolving Commitment” means any
Initial Revolving Commitment and any Additional Revolving Commitment, or a combination thereof, as the context requires.

 

    49

     

    

 

“Revolving Exposure” means any
Initial Revolving Exposure and any Additional Revolving Exposure.

 

“Revolving Facility” means the
Revolving Commitments and the Revolving Loans and other extensions of credit thereunder.

 

“Revolving Lender” means any Lender
with a Revolving Commitment or any Revolving Exposure.

 

“Revolving Loans” means any Initial
Revolving Loan and any Additional Revolving Loan, or a combination thereof, as the context requires.

 

“RV Dealership Acquisition” means
an acquisition by any FreedomRoads Entity of a recreation vehicle dealership and the associated goodwill, assets and working capital acquired
in connection therewith, and the payment of related transaction fees, costs and expenses.

 

“S&P” means Standard &
Poor’s Financial Services LLC, a subsidiary of S&P Global Inc., or any successor to its rating agency business.

 

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

 

“Secured Net Leverage Ratio” means,
as of any date of determination, the ratio of (a) Consolidated Secured Debt as of such date, net of Unrestricted Cash as of such
date, to (b) Consolidated EBITDA for the most recently ended Test Period.

 

“Secured Obligations” has the
meaning assigned to such term in the Collateral Agreement.

 

“Secured Parties” has the meaning
assigned to such term in the Collateral Agreement.

 

“Security Documents” means the
Collateral Agreement, the Mortgages and each other security agreement or pledge agreement executed and delivered pursuant to the Collateral
and Guarantee Requirement, Section 5.11 or Section 5.12 to secure any of the Secured Obligations.

 

“SOFR” means, with respect to
any Business Day, a rate per annum equal to the secured overnight financing rate for such Business Day published by the SOFR Administrator
on the SOFR Administrator’s Website on the immediately succeeding Business Day.

 

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

 

“SOFR Administrator’s Website”
means the NYFRB’s Website, or any successor source for the secured overnight financing rate identified as such by the SOFR Administrator
from time to time.

 

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

 

“Specified Other Indebtedness”
means any Indebtedness permitted by Section 6.01(a)(xix) or 6.01(a)(xx).

 

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“Specified Transaction” means,
with respect to any period, any Permitted Acquisition or a similar Investment, any sale, transfer or other disposition of assets constituting
a business unit, division, product line or line of business, any incurrence or repayment of Indebtedness, any Restricted Payment or other
event that by the terms of the Loan Documents requires “Pro Forma Compliance” with a test or covenant hereunder or requires
such test or covenant to be calculated on a Pro Forma Basis.

 

“Sponsor” means Crestview Partners
II GP, L.P. and its Affiliates.

 

“Statutory Reserve Rate” means,
for any day, a fraction (expressed as a decimal), the numerator of which is the number one and the denominator of which is the number
one minus the reserve percentage in effect on such day, whether or not applicable to any Lender, under regulations issued from time to
time by the Board of Governors for determining the maximum reserve requirement (including any emergency, special, supplemental or other
marginal reserve requirement) with respect to eurocurrency funding (currently referred to as “Eurocurrency liabilities” in
Regulation D). The Statutory Reserve Rate shall be adjusted automatically on and as of the effective date of any change in any reserve
percentage.

 

“subsidiary” means, with respect
to any Person (the “parent”) at any date, any corporation, limited liability company, partnership, association or other
entity the accounts of which would be consolidated with those of the parent in the parent’s consolidated financial statements if
such financial statements were prepared in accordance with GAAP, as well as any other corporation, limited liability company, partnership,
association or other entity (a) of which securities or other ownership interests representing more than 50% of the equity or more
than 50% of the ordinary voting power or, in the case of a partnership, more than 50% of the general partnership interests are, as of
such date, owned, controlled or held, or (b) that is, as of such date, otherwise Controlled, by the parent or one or more subsidiaries
of the parent or by the parent and one or more subsidiaries of the parent.

 

“Subsidiary” means any subsidiary
of the Borrower.

 

“Subsidiary Loan Party” means
each Subsidiary of the Borrower that is a party to the Guarantee Agreement and the Collateral Agreement.

 

“Successor Borrower” has the meaning
assigned to such term in Section 6.03(a)(iv).

 

“Supported QFC” has the meaning
assigned to such term in Section 9.24(a).

 

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

 

“Swingline Commitment” means,
with respect to any Swingline Lender, the commitment of such Swingline Lender to make Swingline Loans pursuant to Section 2.04, expressed
as an amount representing the maximum aggregate principal amount of such Swingline Lender’s outstanding Swingline Loans. The initial
amount of each Swingline Lender’s Swingline Commitment is set forth on Schedule 2.01 or in the agreement referred to in Section 2.04(d) pursuant
to which it became a Swingline Lender hereunder. The Swingline Commitment of any Swingline Lender may be increased or reduced by written
agreement between such Swingline Lender and the Borrower, provided that a copy of such written agreement shall have been delivered
to the Administrative Agent. The aggregate amount of the Swingline Commitments on the Effective Date is $10,000,000.

 

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“Swingline Exposure” means, at
any time, the aggregate principal amount of all Swingline Loans outstanding at such time. The Swingline Exposure of any Revolving Lender
at any time shall be the sum of (a) its Applicable Percentage of the aggregate principal amount of all Swingline Loans outstanding
at such time (excluding, in the case of any Revolving Lender that is a Swingline Lender, Swingline Loans made by it and outstanding at
such time to the extent that the other Revolving Lenders shall not have funded their participations in such Swingline Loans), adjusted
to give effect to any reallocation under Section 2.20 of the Swingline Exposure of Defaulting Lenders in effect at such time, and
(b) in the case of any Lender that is a Swingline Lender, the aggregate principal amount of all Swingline Loans made by such Lender
and outstanding at such time to the extent that the other Revolving Lenders shall not have funded their participations in such Swingline
Loans.

 

“Swingline Lender” means (a) Goldman
Sachs Bank USA, (b) JPMorgan Chase Bank, N.A. and (c) each Revolving Lender that shall have become a Swingline Lender hereunder
as provided in Section 2.04(d) (other than any Person that shall have ceased to be a Swingline Lender as provided in Section 2.04(e)),
each in its capacity as a lender of Swingline Loans hereunder.

 

“Swingline Loan” means a Loan
made pursuant to Section 2.04.

 

“Syndication Agent” means Goldman
Sachs Bank USA.

 

“Tax Receivable Agreement” means
the Tax Receivable Agreement dated as of October 6, 2016, by and among CWH, the management representative (as defined therein) and
the other members of Holdings party thereto, as in effect on the date hereof.

 

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

 

“Term Borrowing” means any Borrowing
comprised of Term Loans.

 

“Term Commitment” means any Initial
Term Commitment and any Additional Term Commitment, or a combination thereof, as the context requires.

 

“Term Facility” means the Term
Loans and the Term Commitments.

 

“Term Lender” means a Lender with
a Term Commitment or an outstanding Term Loan.

 

“Term Loan” means any Initial
Term Loan and any Additional Term Loan, or a combination thereof, as the context requires.

 

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

 

“Test Period” means, at any date
of determination, the period of four consecutive fiscal quarters of the Borrower then last ended for which financial statements have been
delivered pursuant to Section 5.01(a) or 5.01(b) (or, prior to the delivery of any such financial statements, are referred
to in Section 3.04).

 

“Total Net Leverage Ratio” means,
as of any date of determination, the ratio of (a) Consolidated Total Debt as of such date, net of Unrestricted Cash as of such date,
to (b) Consolidated EBITDA for the most recently ended Test Period.

 

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“Transaction Costs” means all
fees, costs and expenses incurred or payable by Holdings, the Borrower or any Subsidiary, including, for the avoidance of doubt, any premiums,
prepayment penalties, and write-offs paid or made, in connection with the transactions described in clauses (a) and (b) of the
definition of “Transactions”.

 

“Transactions” means (a) the
Financing Transactions, (b) the Refinancing and (c) the payment of the Transaction Costs.

 

“Type”, when used in reference
to any Loan or Borrowing, refers to whether the rate of interest on such Loan, or on the Loans comprising such Borrowing, is determined
by reference to the Adjusted LIBO Rate or the Alternate Base Rate.

 

“UCC” means the Uniform Commercial
Code as in effect from time to time (except as otherwise specified) in any applicable state or jurisdiction.

 

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

 

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

 

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

 

“Unrestricted Cash” means, as
of any date of determination, the aggregate amount of cash and Permitted Investments as of such date of the Borrower and its Subsidiaries
(other than the FreedomRoads Entities), determined in accordance with GAAP, excluding (a) cash and Permitted Investments that would
be identified as “restricted” on a consolidated balance sheet of the Borrower prepared in accordance with GAAP and (b) cash
and Permitted Investments that are subject to any Liens, other than Liens created under the Loan Documents and Liens permitted pursuant
to Sections 6.02(b), 6.02(f), 6.02(o)(i), 6.02(o)(ii), 6.02(t) or 6.02(u).

 

“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 from time to time.

 

“U.S. Special Resolution Regimes”
has the meaning assigned to such term in Section 9.19(a).

 

“U.S. Tax Compliance Certificate”
has the meaning specified in Section 2.17(f).

 

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

 

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“Wholly Owned Subsidiary” means,
with respect to any Person at any date, a subsidiary of such Person of which securities or other ownership interests representing 100%
of the Equity Interests (other than (a) directors’ qualifying shares and (b) nominal shares issued to foreign nationals
to the extent required by applicable law) are, as of such date, owned, controlled or held by such Person or one or more Wholly Owned Subsidiaries
of such Person or by such Person and one or more Wholly Owned Subsidiaries of such Person.

 

“Withdrawal Liability” means liability
to 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     Classification
of Loans and Borrowings. For purposes of this Agreement, Loans may be classified and referred to by Class (e.g., a “Revolving
Loan”) or by Type (e.g., a “Eurocurrency Loan”) or by Class and Type (e.g., a “Eurocurrency Revolving Loan”).
Borrowings also may be classified and referred to by Class (e.g., a “Revolving Borrowing”) or by Type (e.g., a “Eurocurrency
Borrowing”) or by Class and Type (e.g., a “Eurocurrency Revolving Borrowing”).

 

SECTION 1.03     Terms
Generally. The definitions of terms herein shall apply equally to the singular and plural forms of the terms defined. Whenever the
context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms. The words “include”,
 “includes” and “including” shall be deemed to be followed by the phrase “without limitation”. The
word “will” shall be construed to have the same meaning and effect as the word “shall”. The word “law”
shall be construed as referring to all statutes, rules, regulations, codes and other laws (including official rulings and interpretations
thereunder having the force of law), and all judgments, orders, writs and decrees of all Governmental Authorities. The words “asset”
and “property”, when used in any Loan Document, shall be construed to have the same meaning and effect and to refer to any
and all tangible and intangible assets and properties, including cash, securities, accounts and contract rights. Unless the context requires
otherwise, (a) any definition of or reference to any agreement (including this Agreement and the other Loan Documents), instrument
or other document herein or in any Loan Document shall be construed as referring to such agreement, instrument or other document as from
time to time amended, restated, amended and restated, supplemented or otherwise modified (subject to any restrictions on such amendments,
restatements, amendment and restatements, supplements or modifications set forth herein), (b) any definition of or reference to
any statute, rule or regulation shall be construed as referring thereto as from time to time amended, supplemented or otherwise
modified (including by succession of comparable successor laws), and all references to any statute shall be construed as referring to
all rules, regulations, rulings and official interpretations promulgated or issued thereunder, (c) any reference herein or in any
Loan Document to any Person shall be construed to include such Person’s successors and assigns (subject to any restrictions on
assignment set forth herein or therein) and, in the case of any Governmental Authority, any other Governmental Authority that shall have
succeeded to any or all functions thereof, (d) the words “herein”, “hereof” and “hereunder”,
and words of similar import, when used in any Loan Document, shall be construed to refer to such Loan Document in its entirety and not
to any particular provision hereof and (e) all references in any Loan Document to Articles, Sections, Exhibits and Schedules shall
be construed to refer to Articles, Sections of, and Exhibits and Schedules to, such Loan Document.

 

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SECTION 1.04     Accounting
Terms; GAAP; Pro Forma Basis.

 

(a)           Except
as otherwise expressly provided herein, all terms of an accounting or financial nature shall be construed in accordance with GAAP, as
in effect from time to time; provided, however, that if the Borrower notifies the Administrative Agent that the Borrower requests
an amendment to any provision hereof (including any definition) to eliminate the effect of any change occurring after the Effective 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. Notwithstanding any other provision contained herein, all terms of an accounting or financial nature used herein
shall be construed, and all computations of amounts and ratios referred to herein shall be made, without giving effect to (A) (x) any
election under Financial Accounting Standards Board Accounting Standards Codification 825 (or any other Accounting Standards Codification
or Financial Accounting Standard having a similar result or effect) (and related interpretations) to value any Indebtedness at “fair
value”, as defined therein, or (y) any other accounting principle that results in any Indebtedness being reflected on a balance
sheet at an amount less than the stated principal amount thereof (or, in the case of Indebtedness issued at a discount (other than an
underwriting discount) to stated principal amount, the issue price thereof plus accreted discount), (B) any treatment of Indebtedness
in respect of convertible debt instruments under Accounting Standards Codification 470-20 (or any other Accounting Standards Codification
or Financial Accounting Standard having a similar result or effect) (and related interpretations) to value any such Indebtedness in a
reduced or bifurcated manner as described therein, and such Indebtedness shall at all times be valued at the full stated principal amount
thereof, and (C) any change in accounting for leases pursuant to GAAP resulting from the implementation of Financial Accounting Standards
Board ASU No. 2016-02, Leases (Topic 842), to the extent such adoption would require treating any lease (or similar arrangement conveying
the right to use) as a capital lease where such lease (or similar arrangement) would not have been required to be so treated under GAAP
as in effect on December 31, 2018.

 

(b)           Notwithstanding
anything to the contrary herein, but subject to Section 1.06, all financial ratios and tests (including the First Lien Net Leverage
Ratio, the Secured Net Leverage Ratio, the Total Net Leverage Ratio and the amount of Consolidated EBITDA) contained in this Agreement
that are calculated with respect to any Test Period during which any Specified Transaction occurs (or with respect to any Test Period
to determine whether any Specified Transaction is permitted to be consummated or any Indebtedness to be incurred in connection therewith
is permitted to be incurred) shall be calculated with respect to such Test Period and such Specified Transaction (including such Specified
Transaction that is to be consummated) on a Pro Forma Basis. Further, if since the beginning of any Test Period and on or prior to the
date of any required calculation of any financial ratio or test, any Specified Transaction has occurred, then, in each case, any applicable
financial ratio or test shall be calculated on a Pro Forma Basis for such Test Period as if such Specified Transaction had occurred as
of the first day of the applicable Test Period; provided that when calculating the Total Net Leverage Ratio for purposes of the
definitions of “Applicable Rate”, “Commitment Fee Rate” and “ECF Percentage” and for purposes of the Financial Performance Covenant (other than for
the purpose of determining compliance with the Financial Performance Covenant on a Pro Forma Basis as a condition to taking any action
in accordance with this Agreement), the Subject Transactions that occurred subsequent to the end of the applicable Test Period shall not
be given pro forma effect.

 

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SECTION 1.05     Cashless
Rollovers. (a) Notwithstanding anything to the contrary contained herein or in any other Loan Document, in connection with any
extension, replacement, renewal or refinancing of any Class of Loans hereunder, any Lender may, with the consent of the Borrower,
elect to accept any other Indebtedness permitted by the terms of this Agreement in lieu of all or any part of such Lender’s applicable
share of any payment hereunder with respect to such Loans, it being agreed that (i) such acceptance shall not be subject to any requirement
hereunder or under any other Loan Document that such payment be made “in dollars”, “in immediately available funds”,
 “in cash” or any other similar requirement and (ii) notice of such acceptance shall be provided to the Administrative
Agent and, if such other Indebtedness is in the form of Loans, the mechanics of the cashless settlement thereof shall be reasonably acceptable
to the Administrative Agent.

 

(b)            Notwithstanding
anything to the contrary in Section 2.06 or any other provision of this Agreement, pursuant to and in accordance with the terms of
the Cashless Exchange Letter, each lender party to the Existing Credit Agreement and holding term loans outstanding thereunder as of the
Effective Date that has selected the “cashless exchange election” pursuant to the Cashless Exchange Letter and has delivered
an executed signature page to the Cashless Exchange Letter (each such lender, an “Exchanging Lender”) shall, upon
the Administrative Agent marking the Register as contemplated by the Cashless Exchange Letter, become a party to this Agreement as a Lender
in respect of, and shall hold, Initial Term Loans in an aggregate principal amount equal to its Exchanged Amount (as defined in the
Cashless Exchange Letter) (such Initial Term Loans acquired by each such Exchanging Lender pursuant to this Section 1.05(b) and
the Cashless Exchange Letter, the “Received Loans”). For the avoidance of doubt, it is acknowledged and agreed that
(i) each Received Loan shall be initially made by Goldman Sachs Bank USA on the Effective Date, (ii) notwithstanding anything
to the contrary in Section 2.06 or any other provision of this Agreement, neither Goldman Sachs Bank USA nor the Administrative Agent
shall be required to wire transfer, pay or remit any amount with respect to the Received Loans made by Goldman Sachs Bank USA, but the
Received Loans shall be deemed to have been funded by Goldman Sachs Bank USA in satisfaction of the corresponding amount of its Initial
Term Commitment and shall be outstanding (for the full principal amount thereof) as of the Effective Date for all purposes of this Agreement
and the other Loan Documents and shall be transferred to each Exchanging Lender by marking the Register as contemplated by the Cashless
Exchange Letter and (iii) each Exchanging Lender shall only become a Lender hereunder after, and not upon, the effectiveness of this
Agreement. Upon the occurrence of the Effective Date, the funding (including deemed funding of the Exchanged Amounts (as defined in the
Cashless Exchange Letter) by cashless exchange as contemplated by this Section 1.05(b) and the Cashless Exchange Letter) of
the Initial Term Loans and the payment of the Additional Amounts (as defined in the Cashless Exchange Letter), and notwithstanding anything
to the contrary contained in the Existing Credit Agreement or this Agreement, the Borrower’s obligation to pay in cash the Exchanged
Amounts (as defined in the Cashless Exchange Letter) to or for the account of each Exchanging Lender in respect of the term loans held
by such Exchanging Lender outstanding under the Existing Credit Agreement shall be deemed to have been, and shall be, satisfied and discharged
in full.

 

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SECTION 1.06     Certain
Calculations and Tests. (a) Solely for purposes of determining (i) compliance with any provision of this Agreement
(including showing compliance with the Financial Performance Covenant on a Pro Forma Basis) that requires the calculation of the
Total Net Leverage Ratio or Consolidated EBITDA or (ii) whether a Default or an Event of Default has occurred and is
continuing, in each case in connection with any determination as to whether a Limited Conditionality Transaction is permitted to be
consummated (but, for the avoidance of doubt, not for purposes of determining whether the Borrower has actually complied with
Section 6.11), the date of determination of whether such Limited Conditionality Transaction is permitted hereunder shall, at
the option of the Borrower, be the date on which the definitive agreements for such Limited Conditionality Transaction are entered
into or the date on which the Borrower or the applicable Subsidiary becomes legally obligated to consummate such Limited
Conditionality Transaction (or (x) in the case of any acquisition or Investment made pursuant to a tender or similar offer, at
the time of the commencement of such offer and (y) in the case of any repayment, prepayment, redemption or other discharge of
Indebtedness, at the time of delivery of an irrevocable notice (which may be conditional) thereof) (the “LCT Test
Date”), with such determination to give Pro Forma Effect to such Limited Conditionality Transaction and the transactions
to be entered into in connection therewith (including any incurrence of Indebtedness or Liens and the use of proceeds thereof) as if
they had occurred at the beginning of the most recent Test Period ending prior to the LCT Test Date. For the avoidance of doubt, if
the Borrower has exercised such option and any of the ratios or amounts for which compliance was determined or tested as of the LCT
Test Date are exceeded as a result of fluctuations in any such ratio or amount, including due to fluctuations in Consolidated EBITDA
or Acquired EBITDA, at or prior to the consummation of such Limited Conditionality Transaction, such ratios or amounts will not be
deemed to have been exceeded as a result of such fluctuations solely for purposes of determining whether such Limited Conditionality
Transaction and the transactions to be entered into in connection therewith (including any incurrence of Indebtedness or Liens) are
permitted to be consummated. If the Borrower has exercised such option for any Limited Conditionality Transaction, then, in
connection with any subsequent calculation of ratios or amounts on or following the relevant LCT Test Date and prior to the earlier
of (i) the date on which such Limited Conditionality Transaction is consummated and (ii) the date that the definitive
agreements for such Limited Conditionality Transaction are terminated or expire (or (x) in the case of any acquisition or
Investment made pursuant to a tender or similar offer, such offer is terminated or expires and (y) in the case of any
repayment, prepayment, redemption or other discharge of Indebtedness, such notice is rescinded as a result of a non-satisfaction of
a condition stated therein) without consummation of such Limited Conditionality Transaction, any such ratio or basket shall be
calculated on a Pro Forma Basis assuming such Limited Conditionality Transaction and the transactions in connection therewith
(including any incurrence of Indebtedness or Liens and the use of proceeds thereof) have been consummated (and, in the case of any
such calculation with respect to a Restricted Payment or a Restricted Debt Payment, both on such Pro Forma Basis and on an actual
basis).

 

(a)             Notwithstanding
anything to the contrary herein, with respect to any amount incurred or transaction entered into (or consummated) in reliance on a
provision of this Agreement that does not require compliance with a financial ratio (including Section 6.11 and/or any Total
Net Leverage Ratio test) (any such amount, a “Fixed Amount”) substantially concurrently with any amount incurred
or transaction entered into (or consummated) in reliance on a provision of this Agreement that requires compliance with a financial
ratio (including Section 6.11 and/or any Total Net Leverage Ratio test) (any such amount, an “Incurrence-Based
Amount”), it is understood and agreed that the Fixed Amounts (even if part of the same transaction or, in the case of
Indebtedness, the same tranche, as any Incurrence-Based Amount) shall be disregarded in the calculation of the financial ratio
applicable to the Incurrence-Based Amount, but giving full Pro Forma Effect to any increase in the amount of Consolidated EBITDA
resulting from the applicable transaction consummated in reliance on, or with the use of proceeds of, the Fixed Amounts. The
Borrower may elect, in its sole discretion, that any such amounts incurred or transactions entered into (or consummated) be incurred
or entered into (or consummated) in reliance on one or more of any Fixed Amounts or Incurrence-Based Amounts. It is further agreed
that in connection with the calculation of any financial ratio applicable to any incurrence or assumption of Indebtedness in
reliance on any Incurrence-Based Amount, such calculation shall be made on a Pro Forma Basis for the incurrence of such Indebtedness
(including any acquisition or other Investment consummated concurrently therewith and any other application of the proceeds
thereof), but without netting the cash proceeds of such Indebtedness, and assuming a full drawing of any undrawn committed amounts
of such Indebtedness.

 

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(b)            The
Borrower may, at any time and from time to time in its sole discretion, (i) for the purposes of determining compliance with Sections
6.01 and 6.02, reclassify any portion of any Indebtedness (other than any Indebtedness under the Loan Documents) previously incurred under
any clause of Section 6.01 other than clause 6.01(a)(xix) or clause 6.01(a)(xx) as having been incurred under either such
clause and (ii) for the purposes of calculating the Incremental Cap, reclassify any portion of any Incremental Facility or Incremental
Equivalent Debt previously incurred under clauses (a) through (c) of the definition of the term “Incremental Cap”
as having been incurred under clause (d) of such definition, in each case, if, at any time after the incurrence thereof, such portion
of such Indebtedness or such portion of such Incremental Facility or Incremental Equivalent Debt, as the case may be, would, using the
figures as of the end of any Test Period ended after the time of the incurrence thereof, be permitted under the First Lien Net Leverage
Ratio, the Senior Secured Net Leverage Ratio or the Total Net Leverage Ratio test, as applicable, set forth in clause 6.01(a)(xix) or
6.01(a)(xx) of Section 6.01 (and satisfies the other requirements set forth in such clause) or in clause (d) of the definition
of the term “Incremental Cap”, as the case may be.

 

SECTION 1.07      Divisions.
For all purposes under the Loan Documents, in connection with any division or plan of division of or with respect to any Person under
Delaware law (or any comparable event under the applicable law of any other jurisdiction), if, pursuant thereto, (a) any asset, right,
obligation or liability of any Person becomes the asset, right, obligation or liability of a different Person, then it shall be deemed
to have been disposed by the original Person to the subsequent Person, and (b) any new Person comes into existence, such new Person
shall be deemed to have been organized on the first date of its existence by the holders of its capital stock at such time.

 

SECTION 1.08      Interest
Rates; LIBOR Notification. The interest rate on Eurocurrency Loans is determined by reference to the Adjusted LIBO Rate, which
is derived from the London interbank offered rate. The London interbank offered rate is intended to represent the rate at which
contributing banks may obtain short-term borrowings from each other in the London interbank market. In July 2017, the U.K.
Financial Conduct Authority (the “FCA”) announced that, after the end of 2021, it would no longer persuade or
compel contributing banks to make rate submissions to the ICE Benchmark Administration (together with any successor to the ICE
Benchmark Administrator, the “IBA”) for purposes of the IBA setting the London interbank offered rate. On
March 5, 2021, the IBA and the FCA stated (the “March 5 Statements”) that the IBA will cease
publication of London interbank offered rate settings for all tenors available under this Agreement on June 30, 2023. As a
result, on that date, the London interbank offered rate may become unavailable for the purposes of this Agreement. As a result of
the 2017 announcement by the FCA, public and private sector industry initiatives are currently underway to identify new or
alternative reference rates to be used in place of the London interbank offered rate. Under the circumstances as set forth in
Section 2.14(b), an alternative rate of interest may be selected and implemented in accordance with the mechanism contained in
such Section. The Administrative Agent will notify the Borrower, pursuant to Section_2.14(b)(iii), of any change to the reference
rate upon which the interest rate on Eurocurrency Loans is based. However, the Administrative Agent will not be required to give any
further notice with respect to the occurrence, substance or effect of the March 5 Statements, and the Administrative Agent does
not to intend to take any immediate action with respect to the March 5 Statements. In addition, the Administrative Agent does
not warrant or accept any responsibility for, and shall not have any liability with respect to, the administration, submission or
any other matter related to the London interbank offered rate or other rates in the definition of “Adjusted LIBO Rate”
or with respect to any alternative or successor rate thereto, or replacement rate thereof, including, without limitation, whether
the composition or characteristics of any such alternative, successor or replacement reference rate will be similar to (as it may or
may not be adjusted pursuant to Section 2.14(b)), or produce the same value or economic equivalence of, the Adjusted LIBO Rate
or have the same volume or liquidity as did the London interbank offered rate prior to its discontinuance or unavailability.

 

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ARTICLE II

THE CREDITS

 

SECTION 2.01      Commitments.
Subject to the terms and conditions of this Agreement, (a) each Initial Term Lender severally agrees to make an Initial Term Loan
to the Borrower denominated in dollars on the Effective Date in a principal amount equal to such Lender’s Initial Term Commitment,
and (b) each Initial Revolving Lender agrees to make Initial Revolving Loans to the Borrower denominated in dollars from time to
time during the Revolving Availability Period in an aggregate principal amount that will not result in (i) such Lender’s Initial
Revolving Exposure exceeding such Lender’s Initial Revolving Commitment or (ii) the aggregate Initial Revolving Exposures exceeding
the aggregate Initial Revolving Commitments. Within the foregoing limits and subject to the terms and conditions set forth herein, the
Borrower may borrow, prepay and reborrow Initial Revolving Loans. Amounts repaid or prepaid in respect of Initial Term Loans may not be
reborrowed.

 

SECTION 2.02      Loans
and Borrowings.

 

(a)             Each
Loan (other than a Swingline Loan) shall be made as part of a Borrowing consisting of Loans of the same Class and Type made by the
Lenders ratably in accordance with their respective Commitments of the applicable Class. Each Swingline Loan shall be made in accordance
with Section 2.04. The failure of any Lender to make any Loan required to be made by it shall not relieve any other Lender of its
obligations hereunder, provided that the Commitments of the Lenders are several and no Lender shall be responsible for any other
Lender’s failure to make Loans as required hereby.

 

(b)            Subject
to Section 2.14, each Revolving Borrowing and Term Borrowing shall be comprised entirely of ABR Loans or Eurocurrency Loans as the
Borrower may request in accordance herewith; provided that all Borrowings made on the Effective Date must be made as ABR Borrowings
unless the Borrower shall have given the notice required for a Eurocurrency Borrowing under Section 2.03 and provided an indemnity
letter extending the benefits of Section 2.16 to Lenders in respect of such Borrowings. Each Swingline Loan shall be an ABR Loan.
Each Lender at its option may make any Loan by causing any domestic or foreign branch or Affiliate of such Lender to make such Loan; provided
that any exercise of such option shall not affect the obligation of the Borrower to repay such Loan in accordance with the terms of this
Agreement.

 

(c)            At
the commencement of each Interest Period for any Eurocurrency Borrowing, such Borrowing shall be in an aggregate amount that is an
integral multiple of the Borrowing Multiple and not less than the Borrowing Minimum; provided that (i) a Eurocurrency
Borrowing that results from a continuation of an outstanding Eurocurrency Borrowing may be in an aggregate amount that is equal to
such outstanding Borrowing and (ii) a Eurocurrency Borrowing of any Class may be in an aggregate amount that is equal to
the entire unused balance of the Commitments of such Class. At the time that each ABR Borrowing (including any Swingline Loan) is
made, such Borrowing shall be in an aggregate amount that is an integral multiple of the Borrowing Multiple and not less than the
Borrowing Minimum; provided that an ABR Borrowing of any Class or a Swingline Loan may be in an aggregate amount that is
equal to the entire unused balance of the Commitments of such Class or, in the case of a Swingline Loan, of the aggregate
Revolving Commitments or, in the case of ABR Revolving Borrowings or Swingline Loans, that is required to finance the reimbursement
of an LC Disbursement as contemplated by Section 2.05(f). Borrowings of more than one Type and Class may be outstanding at
the same time; provided that there shall not at any time be more than a total of six Eurocurrency Borrowings outstanding (or
such greater number of different Interest Periods as the Administrative Agent may agree from time to time).

 

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SECTION 2.03      Requests
for Borrowings.

 

(a)            Each
Revolving Borrowing and Term Borrowing shall be made upon the Borrower’s notice to the Administrative Agent, in the form of a written
Borrowing Request signed by a Responsible Officer of the Borrower, (i) in the case of a Eurocurrency Borrowing, not later than 12:00
noon, New York City time, three Business Days before the date of the proposed Borrowing or (ii) in the case of an ABR Borrowing,
not later than 12:00 noon, New York City time, one Business Day before the date of the proposed Borrowing; provided that (A) any
such notice of an ABR Revolving Borrowing to finance the reimbursement of an LC Disbursement as contemplated by Section 2.05(f) may
be given not later than 10:00 a.m., New York City time, on the date of the proposed Borrowing and (B) any such notice of a Borrowing
to be made under an Incremental Facility Amendment or a Refinancing Amendment may be given no later than such later time as shall be specified
therefor in the applicable Incremental Facility Amendment or Refinancing Amendment. Each such Borrowing Request shall be irrevocable,
except as may otherwise be specified with respect thereto in the applicable Incremental Facility Amendment or Refinancing Amendment.

 

(b)            Each
Borrowing Request shall specify the following information in compliance with Section 2.02:

 

(i)             the
aggregate principal amount of the requested Borrowing and the Class thereof;

 

(ii)            the
date of such Borrowing, which shall be a Business Day;

 

(iii)           whether
such Borrowing is to be an ABR Borrowing or a Eurocurrency Borrowing;

 

(iv)           in
the case of a Eurocurrency Borrowing, the initial Interest Period to be applicable thereto, which shall be a period contemplated by the
definition of the term “Interest Period”; and

 

(v)            the
location and number of the Borrower’s account to which funds are to be disbursed or, in the case of any ABR Revolving Borrowing
requested to finance the reimbursement of an LC Disbursement as provided in Section 2.05(f), the identity of the Issuing Bank that
made such LC Disbursement.

 

If no election as to the Type of Borrowing is specified, then the requested
Borrowing shall be an ABR Borrowing. If no Interest Period is specified with respect to any requested Eurocurrency Borrowing, then the
Borrower shall be deemed to have selected an Interest Period of one month’s duration. Promptly following receipt of a Borrowing
Request in accordance with this Section, the Administrative Agent shall advise each Lender of the applicable Class of the details
thereof and of the amount of such Lender’s Loan to be made as part of the requested Borrowing.

 

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SECTION 2.04      Swingline
Loans.

 

(a)            Subject
to the terms and conditions set forth herein (including Section 2.20), in reliance upon the agreements of the Revolving Lenders
set forth in this Section 2.04, each Swingline Lender agrees to make Swingline Loans to the Borrower from time to time during
the Revolving Availability Period denominated in dollars, in an aggregate principal amount at any time outstanding that will not
result in (i) the aggregate principal amount of the outstanding Swingline Loans of such Swingline Lender exceeding its
Swingline Commitment, (ii) the Revolving Exposure of any Class of any Revolving Lender exceeding its Revolving Commitment
of such Class or (iii) the aggregate Revolving Exposure of any Class exceeding the aggregate Revolving Commitments of
such Class, provided that (A) a Swingline Lender shall not be required to make a Swingline Loan to refinance an
outstanding Swingline Loan and (B) no Swingline Lender shall be required to make a Swingline Loan if any Revolving Lender is at
that time a Defaulting Lender if, after giving effect to Section 2.20(a)(iv), any Defaulting Lender Fronting Exposure shall
remain outstanding. Within the foregoing limits and subject to the terms and conditions set forth herein, the Borrower may borrow,
prepay and reborrow Swingline Loans. The failure of any Swingline Lender to make any Swingline Loan required to be made by it shall
not relieve any other Swingline Lender of its obligations hereunder; provided that the Swingline Commitments of the Swingline
Lenders are several and no Swingline Lender shall be responsible for any other Swingline Lender’s failure to make Swingline
Loans as required hereby.

 

(b)            To
request a Swingline Loan, the Borrower shall notify the Administrative Agent and the applicable Swingline Lender of such request by delivery
of a written Borrowing Request signed by a Responsible Officer of the Borrower, not later than 10:00 a.m., New York City time, or, if
agreed by such Swingline Lender, 12:00 noon, New York City time, on the day of such proposed Swingline Loan. Each such Borrowing Request
shall be irrevocable and shall specify (i) the requested date of such Swingline Loan (which shall be a Business Day), (ii) the
amount of the requested Swingline Loan and (iii) the location and number of the Borrower’s account to which funds are to be
credited, or in the case of any Swingline Loan requested to finance the reimbursement of an LC Disbursement as provided in Section 2.05(f),
the identity of the Issuing Bank that made such LC Disbursement. The applicable Swingline Lender shall make the requested Swingline Loan
available to the Borrower by remitting the amount of such Swingline Loan to the account of the Borrower designated by the Borrower in
the applicable Borrowing Request or in the case of a Swingline Loan made to finance the reimbursement of an LC Disbursement as provided
in Section 2.05(f), by remittance to the applicable Issuing Bank, by 3:00 p.m., New York City time, on the requested date of such
Swingline Loan.

 

(c)            Any
Swingline Lender may by written notice given to the Administrative Agent not later than 1:00 p.m., New York City time, on any
Business Day require the Revolving Lenders to acquire participations on such Business Day in all or a portion of its Swingline Loans
outstanding. Such notice shall specify the aggregate amount of Swingline Loans in which Revolving Lenders will participate. Promptly
upon receipt of such notice, the Administrative Agent will give notice thereof to each Revolving Lender, specifying in such notice
such Lender’s Applicable Percentage of such Swingline Loan or Swingline Loans. Each Revolving Lender hereby absolutely and
unconditionally agrees, promptly upon receipt of notice as provided above, to pay to the Administrative Agent, for the account of
the applicable Swingline Lender, such Lender’s Applicable Percentage of such Swingline Loan or Swingline Loans. Each Revolving
Lender acknowledges and agrees that its obligation to acquire participations in Swingline Loans pursuant to this paragraph is
absolute and unconditional and shall not be affected by any circumstance whatsoever, including the occurrence and continuance of a
Default or any reduction or termination of the Revolving Commitments, and that each such payment shall be made without any offset,
abatement, withholding or reduction whatsoever. Each Revolving Lender further acknowledges and agrees that, in making any Swingline
Loan, the applicable Swingline Lender shall be entitled to rely, and shall not incur any liability for relying, upon the
representation and warranty of the Borrower deemed made pursuant to Section 4.02, unless, at least one Business Day prior to
the time such Swingline Loan is made, the Required Revolving Lenders shall have notified the applicable Swingline Lender (with a
copy to the Administrative Agent) in writing that, as a result of one or more events or circumstances described in such notice, one
or more of the conditions precedent set forth in Section 4.02(a) or 4.02(b) would not be satisfied if such Swingline
Loan were then made (it being understood and agreed that, in the event any Swingline Lender shall have received any such notice, no
Swingline Lender shall have any obligation to make any Swingline Loan until and unless it shall be satisfied that the events and
circumstances described in such notice shall have been cured or otherwise shall have ceased to exist). Each Revolving Lender shall
comply with its obligation under this paragraph by wire transfer of immediately available funds, in the same manner as provided in
Section 2.06 with respect to Loans made by such Lender (with references to 12:00 noon, New York City time, in such
Section being deemed to be references to 3:00 p.m., New York City time) (and Section 2.06 shall apply, mutatis
mutandis, to the payment obligations of the Revolving Lenders pursuant to this paragraph), and the Administrative Agent shall
promptly remit to the applicable Swingline Lender the amounts so received by it from the Revolving Lenders. The Administrative Agent
shall notify the Borrower of any participations in any Swingline Loan acquired pursuant to this paragraph, and thereafter payments
in respect of such Swingline Loan shall be made to the Administrative Agent and not to the applicable Swingline Lender. Any amounts
received by any Swingline Lender from the Borrower (or other Person on behalf of the Borrower) in respect of a Swingline Loan after
receipt by such Swingline Lender of the proceeds of a sale of participations therein shall be promptly remitted by such Swingline
Lender to the Administrative Agent; any such amounts received by the Administrative Agent shall be promptly remitted by the
Administrative Agent to the Revolving Lenders that shall have made their payments pursuant to this paragraph and to the applicable
Swingline Lender, as their interests may appear, provided that any such payment so remitted shall be repaid to the applicable
Swingline Lender or the Administrative Agent, as the case may be, if and to the extent such payment is required to be refunded to
the Borrower for any reason. The purchase of participations in a Swingline Loan pursuant to this paragraph shall not relieve the
Borrower of any default in the payment thereof.

 

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(d)            The
Borrower may, at any time and from time to time, designate as additional Swingline Lenders one or more Revolving Lenders that agree to
serve in such capacity as provided below. The acceptance by a Revolving Lender of an appointment as a Swingline Lender hereunder shall
be evidenced by an agreement, which shall be in form and substance reasonably satisfactory to the Administrative Agent and the Borrower
(and shall specify the Swingline Commitment of such designated Revolving Lender), executed by the Borrower, the Administrative Agent and
such designated Revolving Lender, and, from and after the effective date of such agreement, (i) such Revolving Lender shall have
all the rights and obligations of a Swingline Lender under this Agreement and (ii) references herein to the term “Swingline
Lender” shall be deemed to include such Revolving Lender in its capacity as a lender of Swingline Loans hereunder.

 

(e)             The
Borrower may terminate the appointment of any Swingline Lender as a “Swingline Lender” hereunder by providing a written notice
thereof to such Swingline Lender, with a copy to the Administrative Agent. Any such termination shall become effective upon the earlier
of (i) such Swingline Lender’s acknowledging receipt of such notice and (ii) the fifth Business Day following the date
of the delivery thereof, provided that no such termination shall become effective until and unless the Swingline Exposure of such
Swingline Lender shall have been reduced to zero. Notwithstanding the effectiveness of any such termination, the terminated Swingline
Lender shall remain a party hereto and shall continue to have all the rights of a Swingline Lender under this Agreement with respect to
Swingline Loans made by it prior to such termination, but shall not make any additional Swingline Loans.

 

(f)             At
any time that there shall exist a Revolving Lender that is a Defaulting Lender, the Borrower shall, within one Business Day following
notice and request by any Swingline Lender, repay the outstanding Swingline Loans made by such Swingline Lender in an amount sufficient
to eliminate any Defaulting Lender Fronting Exposure (after giving effect to Section 2.20(a)(iv)) in respect of such Swingline Loans.

 

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SECTION 2.05      Letters
of Credit.

 

(a)             General.
Subject to the terms and conditions set forth herein (including Section 2.20), each Issuing Bank agrees, in reliance upon the agreements
of the Revolving Lenders set forth in this Section 2.05, to issue standby Letters of Credit denominated in dollars for the Borrower’s
own account (or for the account of any Subsidiary of the Borrower so long as the Borrower and such Subsidiary are co-applicants in respect
of such Letter of Credit), in a form reasonably acceptable to the applicable Issuing Bank, which shall reflect the standard operating
procedures of such Issuing Bank, at any time and from time to time after the Effective Date and prior to the fifth Business Day prior
to the Initial Revolving Maturity Date. From and after the Effective Date, each Existing Letter of Credit shall be deemed, for all purposes
of this Agreement (including paragraphs (e) and (f) of this Section 2.05), to be a Letter of Credit issued for the account
of the Borrower on the Effective Date. In the event of any inconsistency between the terms and conditions of this Agreement and the terms
and conditions of any form of letter of credit application or other agreement submitted by the Borrower or any Subsidiary to, or entered
into by the Borrower or any Subsidiary with, the applicable Issuing Bank relating to any Letter of Credit, the terms and conditions of
this Agreement shall control.

 

(b)            Issuance,
Amendment, Renewal, Extension; Certain Conditions. To request the issuance of a Letter of Credit (or the amendment, renewal or
extension of an outstanding Letter of Credit (other than an automatic extension permitted pursuant to paragraph (d) of this
Section)), the Borrower shall deliver in writing by hand delivery or facsimile (or transmit by electronic communication, if
arrangements for doing so have been approved by the recipient) to the applicable Issuing Bank and the Administrative Agent (at least
five Business Days before the requested date of issuance, amendment, renewal or extension or such shorter period as the applicable
Issuing Bank and the Administrative Agent may agree) a notice requesting the issuance of a Letter of Credit, or identifying the
Letter of Credit to be amended, renewed or extended, and specifying the date of issuance, amendment, renewal or extension (which
shall be a Business Day), the date on which such Letter of Credit is to expire (which shall comply with paragraph (d) of this
Section), the amount of such Letter of Credit, the name and address of the beneficiary thereof and such other information as shall
be necessary to prepare, amend, renew or extend such Letter of Credit. If requested by the applicable Issuing Bank, the Borrower
also shall submit a letter of credit application on such Issuing Bank’s standard form in connection with any request for a
Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended only if (and upon issuance, amendment, renewal or
extension of any Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance,
amendment, renewal or extension, (i) the aggregate amount of the LC Exposure attributable to Letters of Credit issued by any
Issuing Bank shall not exceed its LC Commitment, (ii) the Revolving Exposure of any Class of any Revolving Lender shall
not exceed its Revolving Commitment of such Class and (iii) the aggregate Revolving Exposures of any Class shall not
exceed the aggregate Revolving Commitments of such Class. No Issuing Bank shall be under any obligation to issue any Letter of
Credit if (A) any order, judgment or decree of any Governmental Authority or arbitrator shall enjoin or restrain such Issuing
Bank from issuing such Letter of Credit, or any law or regulation applicable to such Issuing Bank or any directive (whether or not
having the force of law) from any Governmental Authority with jurisdiction over such Issuing Bank shall prohibit the issuance of
letters of credit generally or such Letter of Credit in particular or shall impose upon such Issuing Bank with respect to such
Letter of Credit any restriction, reserve or capital requirement (for which such Issuing Bank is not otherwise compensated
hereunder) not in effect on the Effective Date, or shall impose upon such Issuing Bank any unreimbursed loss, cost or expense which
was not applicable on the Effective Date and which such Issuing Bank in good faith deems material to it, (B) except as
otherwise agreed by such Issuing Bank, the Letter of Credit is in an initial stated amount less than $500,000, (C) the issuance
of such Letter of Credit would violate any policies of the applicable Issuing Bank applicable to letters of credit generally, or
(D) any Revolving Lender is at that time a Defaulting Lender, if, after giving effect to Section 2.20(a)(iv), any
Defaulting Lender Fronting Exposure shall remain outstanding, unless such Issuing Bank has entered into arrangements, including the
delivery of cash collateral, reasonably satisfactory to such Issuing Bank with the Borrower or such Revolving Lender to eliminate
such Issuing Bank’s Defaulting Lender Fronting Exposure (after giving effect to Section 2.20(a)(iv)) arising from either
such Letter of Credit then proposed to be issued or such Letter of Credit and all other LC Exposure as to which such Issuing Bank
has actual or potential Defaulting Lender Fronting Exposure.

 

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(c)             Notice.
Each Issuing Bank agrees that it shall not permit any issuance, amendment, renewal or extension of a Letter of Credit to occur unless
it shall have confirmed with the Administrative Agent that such issuance, amendment, renewal or extension is permitted under Section 2.05(b)(iii).

 

(d)             Expiration
Date. Each Letter of Credit shall expire at or prior to the close of business on the earlier of (i) the date that is one year
after the date of the issuance of such Letter of Credit (or, in the case of any renewal or extension thereof, one year after such renewal
or extension) and (ii) the date that is five Business Days prior to the Initial Revolving Maturity Date; provided that if
such expiry date is not a Business Day, such Letter of Credit shall expire at or prior to the close of business on the next succeeding
Business Day; provided further, that any Letter of Credit may, upon the request of the Borrower, include a provision whereby such
Letter of Credit shall be renewed automatically for additional consecutive periods of one year or less (but not beyond the date that is
five Business Days prior to the Initial Revolving Maturity Date except to the extent cash collateralized or backstopped pursuant to arrangements
acceptable to the applicable Issuing Bank) unless the applicable Issuing Bank notifies the beneficiary thereof within the time period
specified in such Letter of Credit or, if no such time period is specified, at least 30 days prior to the then-applicable expiration date,
that such Letter of Credit will not be renewed.

 

(e)             Participations.
By the issuance of a Letter of Credit (or an amendment to a Letter of Credit increasing the amount thereof) and without any further
action on the part of the Issuing Bank that is the issuer thereof or the Lenders, such Issuing Bank hereby grants to each Revolving
Lender, and each Revolving Lender hereby acquires from such Issuing Bank, a participation in such Letter of Credit equal to such
Revolving Lender’s Applicable Percentage of the aggregate amount available to be drawn under such Letter of Credit. In
consideration and in furtherance of the foregoing, each Revolving Lender hereby absolutely and unconditionally agrees to pay to the
Administrative Agent, for the account of such Issuing Bank, such Revolving Lender’s Applicable Percentage of each LC
Disbursement made by such Issuing Bank and not reimbursed by the Borrower on the date due as provided in paragraph (f) of this
Section, or of any reimbursement payment required to be refunded to the Borrower for any reason. Each Revolving Lender acknowledges
and agrees that its obligation to acquire participations pursuant to this paragraph in respect of Letters of Credit is absolute and
unconditional and shall not be affected by any circumstance whatsoever, including any issuance, amendment, renewal or extension of
any Letter of Credit or the occurrence and continuance of a Default or any reduction or termination of the Revolving Commitments,
and that each such payment shall be made without any offset, abatement, withholding or reduction whatsoever. Each Revolving Lender
further acknowledges and agrees that, in issuing, amending, renewing or extending any Letter of Credit, the applicable Issuing Bank
shall be entitled to rely, and shall not incur any liability for relying, upon the representation and warranty of the Borrower
deemed made pursuant to Section 4.02, unless, at least two Business Days prior to the time such Letter of Credit is issued,
amended, renewed or extended (or, in the case of an automatic renewal permitted pursuant to paragraph (d) of this Section, at
least two Business Days prior to the time by which the election not to extend must be made by the applicable Issuing Bank), the
Required Revolving Lenders shall have notified the applicable Issuing Bank (with a copy to the Administrative Agent) in writing
that, as a result of one or more events or circumstances described in such notice, one or more of the conditions precedent set forth
in Section 4.02(a) or 4.02(b) would not be satisfied if such Letter of Credit were then issued, amended, renewed or
extended (it being understood and agreed that, in the event any Issuing Bank shall have received any such notice, no Issuing Bank
shall have any obligation to issue, amend, renew or extend any Letter of Credit until and unless it shall be satisfied that the
events and circumstances described in such notice shall have been cured or otherwise shall have ceased to exist).

 

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(f)             Reimbursement.
If an Issuing Bank shall make any LC Disbursement in respect of a Letter of Credit, such Issuing Bank shall notify the Borrower of such
LC Disbursement in accordance with the provisions of Section 2.05(h), and the Borrower shall reimburse such LC Disbursement by paying
to the Administrative Agent an amount equal to such LC Disbursement (i) on the same day if notified by such Issuing Bank prior to
11:00 a.m., New York City time, on the date of such payment and (ii) not later than 4:00 p.m., New York City time, on the Business
Day immediately following the day that the Borrower receives notice of such LC Disbursement if notified by such Issuing Bank after 11:00
a.m., New York City time, on the date of such payment, provided that the Borrower may, subject to the conditions to borrowing set
forth herein, request in accordance with Section 2.03 or 2.04 that such payment be financed with an ABR Revolving Borrowing or a
Swingline Loan, in each case in an equivalent amount, and, to the extent so financed, the Borrower’s obligation to make such payment
shall be discharged and replaced by the resulting ABR Revolving Borrowing or Swingline Loan. If the Borrower fails to make such payment
when due,the applicable Issuing Bank shall notify the Administrative Agent, whereupon the Administrative Agent shall notify each Revolving
Lender of the applicable LC Disbursement, the payment then due from the Borrower in respect thereof and such Revolving Lender’s
Applicable Percentage thereof. Promptly following receipt of such notice, each Revolving Lender shall pay to the Administrative Agent
its Applicable Percentage of the payment then due from the Borrower, in dollars and in the same manner as provided in Section 2.06
with respect to Loans made by such Lender (and Section 2.06 shall apply, mutatis mutandis, to the payment obligations of the
Revolving Lenders pursuant to this paragraph), and the Administrative Agent shall promptly remit to the applicable Issuing Bank the amounts
so received by it from the Revolving Lenders. Promptly following receipt by the Administrative Agent of any payment from the Borrower
pursuant to this paragraph, the Administrative Agent shall distribute such payment to the applicable Issuing Bank or, to the extent that
the Revolving Lenders have made payments pursuant to this paragraph to reimburse such Issuing Bank, then to such Revolving Lenders and
such Issuing Bank as their interests may appear. Any payment made by a Revolving Lender pursuant to this paragraph to reimburse any Issuing
Bank for any LC Disbursement (other than the funding of ABR Revolving Loans or a Swingline Loan as contemplated above) shall not constitute
a Loan and shall not relieve the Borrower of its obligation to reimburse such LC Disbursement.

 

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(g)            Obligations
Absolute. The Borrower’s obligation to reimburse LC Disbursements as provided in paragraph (f) of this
Section is absolute, unconditional and irrevocable, and shall be performed strictly in accordance with the terms of this
Agreement under any and all circumstances whatsoever and irrespective of (i) any lack of validity or enforceability of any
Letter of Credit or this Agreement, or any term or provision therein, (ii) any draft or other document presented under a Letter
of Credit proving to be forged, fraudulent or invalid in any respect or any statement therein being untrue or inaccurate in any
respect, (iii) payment by an Issuing Bank under a Letter of Credit against presentation of a draft or other document that does
not comply with the terms of such Letter of Credit, (iv) any force majeure or other event that under any rule of law or
uniform practices to which any Letter of Credit is subject (including Section 3.14 of the ISP) permits a drawing to be made
under such Letter of Credit after the stated expiration date thereof or of the Revolving Commitments or (v) any other event or
circumstance whatsoever, whether or not similar to any of the foregoing, that might, but for the provisions of this Section,
constitute a legal or equitable discharge of, or provide a right of setoff against, the Borrower’s obligations hereunder. None
of the Administrative Agent, the Lenders, the Issuing Banks or any of their Related Parties shall have any liability or
responsibility by reason of or in connection with the issuance or transfer of any Letter of Credit or any payment or failure to make
any payment thereunder (irrespective of any of the circumstances referred to in the preceding sentence), or any error, omission,
interruption, loss or delay in transmission or delivery of any draft, notice or other communication under or relating to any Letter
of Credit (including any document required to make a drawing thereunder), any error in interpretation of technical terms, any error
in translation or any consequence arising from causes beyond the control of the Issuing Banks; provided that the foregoing
shall not be construed to excuse any Issuing Bank from liability to the Borrower to the extent of any direct damages (as opposed to
special, indirect, consequential or punitive damages, claims in respect of which are hereby waived by the Borrower to the extent
permitted by applicable law) suffered by the Borrower that are caused by such Issuing Bank’s failure to exercise care when
determining whether drafts and other documents presented under a Letter of Credit comply with the terms thereof. The parties hereto
expressly agree that, unless a court of competent jurisdiction shall have determined in a final, nonappealable judgment that in
making any such determination the applicable Issuing Bank acted with gross negligence or willful misconduct, such Issuing Bank shall
be deemed to have exercised care in each such determination. In furtherance of the foregoing and without limiting the generality
thereof, the parties agree that, with respect to documents presented that appear on their face to be in substantial compliance with
the terms of a Letter of Credit, an Issuing Bank may, in its sole discretion, either accept and make payment upon such documents
without responsibility for further investigation, regardless of any notice or information to the contrary, or refuse to accept and
make payment upon such documents if such documents are not in strict compliance with the terms of such Letter of Credit, and any
such acceptance or refusal shall be deemed not to constitute gross negligence or willful misconduct.

 

(h)            Disbursement
Procedures. Each Issuing Bank shall, promptly following its receipt thereof, examine all documents purporting to represent a demand
for payment under a Letter of Credit. Each Issuing Bank shall promptly notify the Administrative Agent and the Borrower by telephone (confirmed
by hand delivery or facsimile) of such demand for payment and whether such Issuing Bank has made or will make an LC Disbursement thereunder;
provided that any failure to give or delay in giving such notice shall not relieve the Borrower of its obligation to reimburse
such Issuing Bank and the Revolving Lenders with respect to any such LC Disbursement in accordance with paragraph (f) of this Section.

 

(i)              Interim
Interest. If an Issuing Bank shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full
on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such
LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable
to the Initial Revolving Loans that are ABR Loans; provided that, if the Borrower fails to reimburse such LC Disbursement when
due pursuant to paragraph (f) of this Section, then Section 2.13(c) shall apply. Interest accrued pursuant to this paragraph
shall be paid to the Administrative Agent, for the account of the applicable Issuing Bank, except that interest accrued on and after the
date of payment by any Revolving Lender pursuant to paragraph (f) of this Section to reimburse such Issuing Bank shall be for
the account of such Revolving Lender to the extent of such payment and shall be payable on demand or, if no demand has been made, on the
date on which the Borrower reimburses the applicable LC Disbursement in full.

 

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(j)              Cash
Collateralization. If any Event of Default shall occur and be continuing, on the Business Day on which the Borrower receives
notice from the Administrative Agent or the Required Lenders (or, if the maturity of the Loans has been accelerated, the Required
Revolving Lenders) demanding the deposit of cash collateral pursuant to this paragraph, the Borrower shall deposit and pledge (as a
perfected first priority security interest) in an account with the Administrative Agent, in the name of the Administrative Agent and
for the benefit of the Issuing Banks and the Lenders (including the Swingline Lenders), an amount of cash in dollars equal to 103%
of the portions of the LC Exposure attributable to Letters of Credit, as of such date plus any accrued and unpaid interest thereon; provided that
the obligation to deposit and pledge such cash collateral shall become effective immediately, and such deposit shall become
immediately due and payable, without demand or other notice of any kind, upon the occurrence of any Event of Default with respect to
the Borrower described in Section 7.01(h) or 7.01(i). The Borrower also shall deposit cash collateral pursuant to this
paragraph as and to the extent required by Section 2.11(b). Each such deposit shall be held by the Administrative Agent as
collateral for the payment and performance of the obligations of the Borrower under this Agreement. At any time that there shall
exist a Revolving Lender that is a Defaulting Lender, if any Defaulting Lender Fronting Exposure remains outstanding (after giving
effect to Section 2.20(a)(iv)), then promptly upon the request of the Administrative Agent or any Issuing Bank (with a copy to
the Administrative Agent), the Borrower shall deposit and pledge (as a perfected first priority security interest) in an account
with the Administrative Agent, in the name of the Administrative Agent and for the benefit of the Issuing Banks, an amount of cash
in dollars sufficient to cover such Defaulting Lender Fronting Exposure (after giving effect to any cash collateral provided by the
Defaulting Lender). The Administrative Agent shall have exclusive dominion and control, including the exclusive right of withdrawal,
over such account. Other than any interest earned on the investment of such deposits, which investments shall be made at the option
and sole discretion of the Administrative Agent in Permitted Investments and at the Borrower’s risk and expense, such deposits
shall not bear interest. Interest or profits, if any, on such investments shall accumulate in such account. Moneys in such account
shall, notwithstanding anything to the contrary in the Loan Documents, be applied by the Administrative Agent to reimburse the
Issuing Banks for LC Disbursements for which they have not been reimbursed, prior to any other application thereof as may otherwise
be provided for in the Loan Documents, and, to the extent not so applied, shall be held for the satisfaction of the reimbursement
obligations of the Borrower for the LC Exposure and, subject to the foregoing, the other Secured Obligations. If the Borrower is
required to provide an amount of cash collateral hereunder as a result of the occurrence of an Event of Default or the existence of
a Defaulting Lender, such amount (to the extent not applied as aforesaid) shall be returned to the Borrower within three Business
Days after all Events of Default have been cured or waived or the termination of Defaulting Lender status, as applicable. If the
Borrower is required to provide an amount of cash collateral hereunder pursuant to Section 2.11(b), such amount (to the extent
not applied as aforesaid) shall be returned to the Borrower as and to the extent that, after giving effect to such return, the
Borrower would remain in compliance with Section 2.11(b) and no Event of Default shall have occurred and be
continuing.

 

(k)             Designation
of Additional Issuing Banks. The Borrower may, at any time and from time to time, with the consent of the Administrative Agent (not
to be unreasonably withheld), designate as additional Issuing Banks one or more Revolving Lenders that agree to serve in such capacity
as provided below. The acceptance by a Revolving Lender of an appointment as an Issuing Bank hereunder shall be evidenced by an agreement,
which shall be in form and substance reasonably satisfactory to the Administrative Agent and the Borrower (and shall specify the LC Commitment
of such designated Revolving Lender), executed by the Borrower, the Administrative Agent and such designated Revolving Lender and, from
and after the effective date of such agreement, (i) such Revolving Lender shall have all the rights and obligations of an Issuing
Bank under this Agreement and (ii) references herein to the term “Issuing Bank” shall be deemed to include such Revolving
Lender in its capacity as an issuer of Letters of Credit hereunder.

 

(l)              Termination
of an Issuing Bank. The Borrower may terminate the appointment of any Issuing Bank as an “Issuing Bank” hereunder by
providing a written notice thereof to such Issuing Bank, with a copy to the Administrative Agent. Any such termination shall become
effective upon the earlier of (i) such Issuing Bank’s acknowledging receipt of such notice and (ii) the fifth
Business Day following the date of the delivery thereof; provided that no such termination shall become effective until and
unless the LC Exposure attributable to Letters of Credit issued by such Issuing Bank (or its branches or Affiliates) shall have been
reduced to zero. At the time any such termination shall become effective, the Borrower shall pay all unpaid fees accrued for the
account of the terminated Issuing Bank pursuant to Section 2.12(b). Notwithstanding the effectiveness of any such termination,
the terminated Issuing Bank shall remain a party hereto and shall continue to have all the rights of an Issuing Bank under this
Agreement with respect to Letters of Credit issued by it prior to such termination, but shall not issue any additional Letters of
Credit.

 

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(m)            Issuing
Bank Reports to the Administrative Agent. Unless otherwise agreed by the Administrative Agent, each Issuing Bank shall, in addition
to its notification obligations set forth elsewhere in this Section, report in writing to the Administrative Agent (i) periodic activity
(for such period or recurrent periods as shall be requested by the Administrative Agent) in respect of Letters of Credit issued by such
Issuing Bank, including all issuances, extensions, amendments and renewals, all expirations and cancellations and all disbursements and
reimbursements, (ii) within five Business Days following the time that such Issuing Bank issues, amends, renews or extends any Letter
of Credit, the date of such issuance, amendment, renewal or extension, and the face amount of the Letters of Credit issued, amended, renewed
or extended by it and outstanding after giving effect to such issuance, amendment, renewal or extension (and whether the amounts thereof
shall have changed), (iii) on each Business Day on which such Issuing Bank makes any LC Disbursement, the date and amount of such
LC Disbursement, (iv) on any Business Day on which the Borrower fails to reimburse an LC Disbursement required to be reimbursed to
such Issuing Bank on such day, the date of such failure and the amount of such LC Disbursement and (v) on any other Business Day,
such other information as the Administrative Agent shall reasonably request as to the Letters of Credit issued by such Issuing Bank.

 

(n)            Applicability
of ISP. Unless otherwise expressly agreed by the applicable Issuing Bank and the Borrower when a Letter of Credit is issued, the rules of
the ISP shall apply to each standby Letter of Credit.

 

(o)            Letter
of Credit Amounts. Unless otherwise specified herein, the amount of a Letter of Credit at any time shall be deemed to be the stated
amount of such Letter of Credit in effect at such time; provided that with respect to any Letter of Credit that, by its terms or
the terms of any document related thereto, provides for one or more automatic increases in the stated amount thereof, the amount of such
Letter of Credit shall be deemed to be the maximum stated amount of such Letter of Credit after giving effect to all such increases, whether
or not such maximum stated amount is in effect at such time. For all purposes of this Agreement, if on any date of determination a Letter
of Credit has expired by its terms but any amount may still be drawn thereunder by reason of the operation of Article 29(a) of
the Uniform Customs and Practice for Documentary Credits, International Chamber of Commerce Publication No. 600 (or such later
version thereof as may be in effect at the applicable time) or Rule 3.13 or Rule 3.14 of the ISP or similar terms of the Letter
of Credit itself, or if compliant documents have been presented but not yet honored, such Letter of Credit shall be deemed to be “outstanding”
in the amount so remaining available to be drawn, and the obligations of the Borrower and each Revolving Lender shall remain in full force
and effect until the applicable Issuing Bank and the Revolving Lenders shall have no further obligations to make any payments or disbursements
under any circumstances with respect to any Letter of Credit.

 

(p)            Letters
of Credit Issued for Account of Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder supports
any obligations of, or is for the account of, a Subsidiary of the Borrower, or states that a Subsidiary of the Borrower is the
 “account party”, “applicant”, “customer”, “instructing party”, or the like of or for
such Letter of Credit, and without derogating from any rights of the applicable Issuing Bank (whether arising by contract, at law,
in equity or otherwise) against such Subsidiary in respect of such Letter of Credit, the Borrower (i) shall reimburse,
indemnify and compensate the applicable Issuing Bank hereunder for such Letter of Credit (including to reimburse any and all LC
Disbursements thereunder, the payment of interest thereon and the payment of fees due under Section 2.12(b)) as if such Letter
of Credit had been issued solely for the account of the Borrower and (ii) irrevocably waives any and all defenses that might
otherwise be available to it as a guarantor or surety of any or all of the obligations of such Subsidiary in respect of such Letter
of Credit. The Borrower hereby acknowledges that the issuance of such Letters of Credit for its Subsidiaries inures to the benefit
of the Borrower, and that the Borrower’s business derives substantial benefits from the businesses of its Subsidiaries.

 

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SECTION 2.06      Funding
of Borrowings.

 

(a)            Each
Lender shall make each Loan to be made by it hereunder on the proposed date thereof by wire transfer of immediately available funds by
12:00 noon, New York City time (or, in each case, in respect of any Loans to be made pursuant to any Incremental Facility Amendment or
Refinancing Amendment, such other time as may be specified for therein), to the Applicable Account of the Administrative Agent most recently
designated by it for such purpose by notice to the Lenders; provided that Swingline Loans shall be made as provided in Section 2.04.
The Administrative Agent will make such Loans available to the Borrower by promptly remitting the amounts so received, in like funds,
to the account of the Borrower designated by the Borrower in the applicable Borrowing Request; provided that ABR Revolving Borrowings
made to finance the reimbursement of an LC Disbursement as provided in Section 2.05(f) shall be remitted by the Administrative
Agent to the applicable Issuing Bank or, to the extent that Revolving Lenders have made payments pursuant to Section 2.05(f) to
reimburse such Issuing Bank, then to such Lenders and such Issuing Bank as their interests may appear.

 

(b)            Unless
the Administrative Agent shall have received notice from a Lender prior to the proposed date of any Borrowing that such Lender will not
make available to the Administrative Agent such Lender’s share of such Borrowing, the Administrative Agent may assume that such
Lender has made such share available on such date in accordance with paragraph (a) of this Section and may, in reliance on such
assumption and in its sole discretion, make available to the Borrower a corresponding amount. In such event, if a Lender has not in fact
made its share of the applicable Borrowing available to the Administrative Agent, then the applicable Lender agrees to pay to the Administrative
Agent an amount equal to such share on demand of the Administrative Agent. If such Lender does not pay such corresponding amount forthwith
upon demand of the Administrative Agent therefor, the Administrative Agent shall promptly notify the Borrower, and the Borrower agrees
to pay such corresponding amount to the Administrative Agent forthwith on demand. The Administrative Agent shall also be entitled to recover
from such Lender or the Borrower interest on such corresponding amount, for each day from and including the date such amount is made available
to the Borrower to but excluding the date of payment to the Administrative Agent, at (i) in the case of such Lender, the greater
of the NYFRB Rate and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation,
or (ii) in the case of the Borrower, the interest rate applicable to such Borrowing in accordance with Section 2.13. If such
Lender pays such amount to the Administrative Agent, then such amount shall constitute such Lender’s Loan included in such Borrowing.
If the Borrower and such Lender shall pay such 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 interest paid by the Borrower for such period. 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.

 

(c)            The
obligations of the Lenders hereunder to make Term Loans and Revolving Loans, to fund participations in Letters of Credit and
Swingline Loans and to make payments pursuant to Section 9.03(c) are several and not joint. The failure of any Lender to
make any Loan, to fund any such participation or to make any payment under Section 9.03(c) 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 Loan, to purchase its participation or to make its payment under
Section 9.03(c).

 

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SECTION 2.07      Interest
Elections.

 

(a)             Each
Revolving Borrowing and Term Borrowing initially shall be of the Type specified in the applicable Borrowing Request or designated by Section 2.03
and, in the case of a Eurocurrency Borrowing, shall have an initial Interest Period as specified in such Borrowing Request or designated
by Section 2.03. Thereafter, the Borrower may elect to convert such Borrowing to a different Type or to continue such Borrowing and,
in the case of a Eurocurrency Borrowing, may elect Interest Periods therefor, all as provided in this Section. The Borrower may elect
different options with respect to different portions of the affected Borrowing, in which case each such portion shall be allocated ratably
among the Lenders holding the Loans comprising such Borrowing, and the Loans comprising each such portion shall be considered a separate
Borrowing. This Section shall not apply to Swingline Loans, which may not be converted or continued.

 

(b)            To
make an election pursuant to this Section, the Borrower shall notify the Administrative Agent of such election by delivery to the Administrative
Agent of a written Interest Election Request, signed by a Responsible Officer of the Borrower, by the time that a Borrowing Request would
be required under Section 2.03 if the Borrower were requesting a Revolving Borrowing of the Type resulting from such election to
be made on the effective date of such election. Each Interest

 

Election Request shall be irrevocable.

 

(c)            Each
Interest Election Request shall specify the following information in compliance with Section 2.03:

 

(i)             the
Borrowing to which such Interest Election Request applies and, if different options are being elected with respect to different portions
thereof, the portions thereof to be allocated to each resulting Borrowing (in which case the information to be specified pursuant to clauses
(iii) and (iv) below shall be specified for each resulting Borrowing);

 

(ii)            the
effective date of the election made pursuant to such Interest Election Request, which shall be a Business Day;

 

(iii)           whether
the resulting Borrowing is to be an ABR Borrowing or a Eurocurrency Borrowing; and

 

(iv)           if
the resulting Borrowing is to be a Eurocurrency Borrowing, the Interest Period to be applicable thereto after giving effect to such election,
which shall be a period contemplated by the definition of the term “Interest Period”.

 

If any such Interest Election Request requests a
Eurocurrency Borrowing but does not specify an Interest Period, then the Borrower shall be deemed to have selected an Interest Period
of one month’s duration.

 

(d)            Promptly
following receipt of an Interest Election Request in accordance with this Section, the Administrative Agent shall advise each Lender of
the applicable Class of the details thereof and of such Lender’s portion of each resulting Borrowing.

 

(e)            If
the Borrower fails to deliver a timely Interest Election Request with respect to a Eurocurrency Borrowing prior to the end of the
Interest Period applicable thereto, then, unless such Borrowing is repaid as provided herein, at the end of such Interest Period
such Borrowing shall be continued as a Eurocurrency Borrowing with an Interest Period of one month’s duration. Notwithstanding
any contrary provision hereof, if an Event of Default under Section 7.01(h) or 7.01(i) has occurred and is continuing
or if any other Event of Default has occurred and is continuing and the Administrative Agent, at the request of the Required
Lenders, so notifies the Borrower, then, in either such case, so long as an Event of Default is continuing (i) no outstanding
Borrowing may be converted to or continued as a Eurocurrency Borrowing and (ii) unless repaid, each Eurocurrency Borrowing
shall be converted to an ABR Borrowing at the end of the applicable Interest Period.

 

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SECTION 2.08      Termination
and Reduction of Commitments.

 

(a)            Unless
previously terminated, (i) the Initial Term Commitments in effect on the Effective Date shall automatically terminate on the earlier
of (A) immediately following the making of the Initial Term Loans on the Effective Date and (B) 5:00 p.m., New York City time,
on the Effective Date, and (ii) the Initial Revolving Commitments shall automatically terminate on the Initial Revolving Maturity
Date.

 

(b)            The
Borrower may at any time terminate, or from time to time reduce, the Commitments of any Class, provided that (i) each reduction
of the Commitments of any Class shall be in an amount that is an integral multiple of $500,000 and not less than $1,000,000 and (ii) the
Borrower shall not terminate or reduce the Revolving Commitments of any Class if, after giving effect to any concurrent prepayment
of the Revolving Loans or Swingline Loans in accordance with Section 2.11, the aggregate Revolving Exposures of such Class would
exceed the aggregate Revolving Commitments of such Class; provided that, after the establishment of any Additional Revolving Commitments
of any Class, any such termination or reduction of the Revolving Commitments of any Class shall be subject to the provisions set
forth in Section 2.23 and/or 2.24, as applicable.

 

(c)            The
Borrower shall notify the Administrative Agent of any election to terminate or reduce the Commitments under paragraph (b) of this
Section at least one Business Day prior to the effective date of such termination or reduction, specifying such election and the
effective date thereof. Promptly following receipt of any such notice, the Administrative Agent shall advise the Lenders of the contents
thereof. Each notice delivered by the Borrower pursuant to this Section shall be irrevocable, provided that any such notice
may state that such notice is conditioned upon the effectiveness of other credit facilities or the receipt of the proceeds from the issuance
of other Indebtedness or the occurrence of some other event or condition identified therein, in which case such notice may be revoked
by the Borrower (by notice to the Administrative Agent on or prior to the specified effective date of termination) if such condition is
not satisfied. Any termination or reduction of the Commitments of any Class shall be permanent. Each reduction of the Commitments
of any Class shall be made ratably among the Lenders in accordance with their respective Commitments of such Class.

 

SECTION 2.09      Repayment
of Loans; Evidence of Debt.

 

(a)            The
Borrower hereby unconditionally promises to pay (i) to the Administrative Agent for the account of each Initial Revolving Lender
the then unpaid principal amount of the Initial Revolving Loans of such Lender on the Initial Revolving Maturity Date, (ii) to the
Administrative Agent for the account of each Initial Term Lender, the then unpaid principal amount of each Initial Term Loan of such Lender
as provided in Section 2.10 and on the Initial Term Maturity Date and (iii) to such Swingline Lender or the Administrative Agent,
as provided in Section 2.04(c), the then unpaid principal amount of each Swingline Loan made by any Swingline Lender on the earlier
to occur of (A) the date that is 10 Business Days after such Swingline Loan is made and (B) the Initial Revolving Maturity Date;
provided that on each date that a Revolving Borrowing is made, the Borrower shall repay all Swingline Loans that were outstanding
on the date such Borrowing was requested.

 

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(b)            Each
Lender shall maintain in accordance with its usual practice an account or accounts evidencing the indebtedness of the Borrower to such
Lender resulting from each Loan made by such Lender, including the amounts of principal and interest payable and paid to such Lender from
time to time hereunder.

 

(c)            The
Administrative Agent shall maintain accounts in which it shall record (i) the amount of each Loan made hereunder, the Class and
Type thereof and the Interest Period applicable thereto, (ii) the amount of any principal or interest due and payable or to become
due and payable from the Borrower to each Lender hereunder and (iii) the amount of any sum received by the Administrative Agent hereunder
for the account of the Lenders and each Lender’s share thereof.

 

(d)            The
entries made in the accounts maintained pursuant to paragraph (b) or (c) of this Section shall be conclusive absent manifest
error; provided that the failure of any Lender or the Administrative Agent to maintain such accounts or any error therein shall
not in any manner affect the obligation of the Borrower to pay any amounts due hereunder in accordance with the terms of this Agreement.
In the event of any inconsistency between the entries made pursuant to paragraphs (b) and (c) of this Section, the accounts
maintained by the Administrative Agent pursuant to paragraph (c) of this Section shall control.

 

(e)            The
Term Loans made by each Term Lender shall, at the request of such Term Lender, be evidenced by a promissory note of the Borrower in substantially
the form of Exhibit I-1, payable to such Term Lender and otherwise duly completed. The Revolving Loans (other than Swingline
Loans) made by each Revolving Lender shall, at the request of such Revolving Lender, be evidenced by a promissory note of the Borrower
in substantially the form of Exhibit I-2, payable to such Revolving Lender and otherwise duly completed. The Swingline Loans
made by each Swingline Lender shall, at the request of such Swingline Lender, be evidenced by a promissory note of the Borrower in substantially
the form of Exhibit I-3, payable to such Swingline Lender and otherwise duly completed. The date, amount, Type, interest rate
and Interest Period of each Loan made by each Lender, and all payments made on account of the principal thereof, shall be recorded by
such Lender on its books for its Notes, and, prior to any transfer may be endorsed by such Lender on the schedule attached to such Notes
or any continuation thereof or on any separate record maintained by such Lender. Failure to make any such notation or to attach a schedule
shall not affect any Lender’s or the Borrower’s rights or obligations in respect of such Loans or affect the validity of such
transfer by any Lender of its Note.

 

SECTION 2.10      Amortization
of Term Loans.

 

(a)            Subject
to the adjustment pursuant to paragraph (b) of this Section, the Borrower shall repay Initial Term Borrowings on the last day of
each March, June, September and December (commencing with June 30, 2021), in an aggregate principal amount for each such
date equal to (i) for any such date prior to the First Amendment Effective Date, 0.25%
of the aggregate principal amount of the Initial Term Loans made on the Effective Date and (ii) for
any such date on and after the First Amendment Effective Date, $ 3,503,768.84; provided that if any such date is
not a Business Day, such payment shall be due on the next succeeding Business Day. To the extent not previously paid, all Initial Term
Loans shall be due and payable on the Initial Term Maturity Date. In the event any Term Loans of any other Class are established
hereunder, such Term Loans shall be repaid by the Borrower in the amounts and on the dates set forth in the applicable Incremental Facility
Amendment, Refinancing Amendment or Extension/Modification Amendment and, to the extent not previously paid, on the Maturity Date applicable
thereto.

 

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(b)            Any
prepayment of a Term Borrowing of any Class pursuant to Section 2.11(a), 2.11(c) or 2.11(d) shall be applied to
reduce the subsequent scheduled repayments of the Term Borrowings of such Class to be made pursuant to this Section as
directed by the Borrower (and absent such direction in direct order of maturity), and any reduction in the aggregate principal
amount of any Class of Term Borrowings resulting from any purchase and assignment to the Borrower made in accordance with
Section 9.04(f) shall be applied to reduce the subsequent scheduled repayments of the Term Borrowings of such
Class to be made pursuant to this Section as set forth in such Section.

 

(c)            Prior
to any repayment of any Term Borrowings of any Class hereunder, the Borrower shall select the Borrowing or Borrowings of the applicable
Class to be repaid and shall notify the Administrative Agent by telephone (confirmed by email or facsimile) of such election not
later than 12:00 noon, New York City time, one Business Day before the scheduled date of such repayment. In the absence of a designation
by the Borrower as described in the preceding sentence, the Administrative Agent shall make such designation in its reasonable discretion
with a view, but no obligation, to minimize breakage costs owing under Section 2.16. Each repayment of a Term Borrowing shall be
applied ratably to the Term Loans included in the repaid Term Borrowing. Repayments of Term Borrowings shall be accompanied by accrued
interest on the amount repaid.

 

SECTION 2.11      Prepayment
of Loans.

 

(a)            The
Borrower shall have the right at any time and from time to time to prepay any Borrowing in whole or in part, subject to the requirement
to pay any amounts required pursuant to paragraph (f) of this Section.

 

(b)            In
the event and on each occasion that the aggregate Revolving Exposures of any Class exceed the aggregate Revolving Commitments of
such Class, the Borrower shall prepay Revolving Borrowings or Swingline Loans (or, if no such Borrowings are outstanding, deposit cash
collateral in an account with the Administrative Agent pursuant to Section 2.05(j)) in an aggregate amount necessary to eliminate
such excess.

 

(c)            In
the event and on each occasion that any Net Proceeds are received by or on behalf of Holdings, any Intermediate Parent, the Borrower
or any of its Subsidiaries in respect of any Prepayment Event, the Borrower shall, within five Business Days after such Net Proceeds
are received (or, in the case of a Prepayment Event described in clause (b) of the definition of the term “Prepayment
Event”, on the date of such Prepayment Event), prepay Term Borrowings in an aggregate amount equal to 100% of the amount of
such Net Proceeds; provided that, in the case of any event described in clause (a) of the definition of the term
 “Prepayment Event”, if the Borrower shall deliver, prior to the date of the required prepayment, to the Administrative
Agent a certificate of a Responsible Officer of the Borrower to the effect that the Borrower and its Subsidiaries intend to invest
the Net Proceeds from such event (or a portion thereof specified in such certificate) within 365 days after receipt of such Net
Proceeds (or within a period of 180 days thereafter, if by the end of such initial 365-day period the Borrower or any of its
Subsidiaries shall have entered into a binding commitment with a third party to so invest such Net Proceeds) in assets useful in the
business of the Borrower and its Subsidiaries (including any acquisitions permitted under Section 6.04), then no prepayment
shall be required pursuant to this paragraph in respect of such Net Proceeds of such event (or the portion of such Net Proceeds
specified in such certificate, if applicable) except to the extent of any such Net Proceeds therefrom that have not been so invested
by the end of such 365-day period (or within a period of 180 days thereafter, if by the end of such initial 365-day period the
Borrower or any of its Subsidiaries shall have entered into a binding commitment with a third party to so invest such Net Proceeds),
at which time a prepayment shall be required in an amount equal to such Net Proceeds that have not been so invested (or committed to
be invested). Notwithstanding the foregoing, if at the time that any prepayment would be required under this paragraph in respect of
any event described in clause (a) of the definition of the term “Prepayment Event”, the Borrower or any of its
Subsidiaries is required to prepay or repurchase (or offer to prepay or repurchase) any Other First Lien Indebtedness with any
portion of the applicable Net Proceeds, then the Borrower may apply such portion of the applicable Net Proceeds on a pro rata basis
(determined on the basis of the aggregate outstanding principal amount of the Term Loans and the relevant Other First Lien
Indebtedness at such time; provided that the portion of the applicable Net Proceeds allocated to the Other First Lien
Indebtedness shall not exceed its pro rata share (as so determined) of the amount of the Net Proceeds required to be allocated to
the Other First Lien Indebtedness pursuant to the terms thereof, and the remaining amount, if any, of the Net Proceeds shall be
allocated to the Term Borrowings in accordance with the terms hereof) to the prepayment of the Term Borrowings and to the prepayment
or repurchase of the relevant Other First Lien Indebtedness, and the amount of the prepayment of the Term Borrowings that would have
otherwise been required pursuant to this paragraph on account of such event shall be reduced accordingly; provided, further,
that to the extent the holders of the Other First Lien Indebtedness decline to have such Indebtedness prepaid or repurchased, the
declined amount shall promptly (and in any event no later than the fifth Business Day after the date of such rejection) be applied
to prepay the Term Borrowings in accordance with the terms hereof.

 

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(d)            Following
the end of each fiscal year of the Borrower, commencing with the fiscal year ending December 31, 2022, the Borrower shall
prepay Term Borrowings in an aggregate amount equal to the ECF Percentage of Excess Cash Flow for such fiscal year; provided
that, at the option of the Borrower, such amount shall be reduced by the sum of (i) the aggregate principal amount of any Term
Loans and/or Revolving Loans prepaid pursuant to Section 2.11(a) during such fiscal year or after such fiscal year and
prior to such prepayment date, (ii) the amount of any reduction in the outstanding principal amount of any Term Loans resulting
from any purchase and assignment to the Borrower made in accordance with Section 9.04(f) (including in connection with any
Dutch Auction) during such fiscal year or after such fiscal year and prior to such prepayment date and (iii) the aggregate
principal amount of Other First Lien Indebtedness voluntarily prepaid, repurchased, redeemed or otherwise discharged by the Borrower
and its Subsidiaries during such fiscal year or after such fiscal year and prior to such prepayment date, in each case under clauses
(i), (ii) and (iii), excluding any such prepayment, assignment, repurchase, redemption or other discharge made during such
period to the extent that it reduced the amount required to be prepaid pursuant to this paragraph in respect of the prior fiscal
year or is financed with the proceeds of long-term Indebtedness (other than revolving Indebtedness) of the Borrower or its
Subsidiaries, (y) only to the extent of the actual amount of cash paid by the Borrower and its Subsidiaries in connection with
the relevant prepayment, assignment, repurchase, redemption or other discharge and (z) in the case of any prepayment of
Revolving Loans or any Other First Lien Indebtedness in the form of revolving loans, only to the extent accompanied by a permanent
reduction in the relevant revolving credit commitments. Each prepayment pursuant to this paragraph shall be made on or before the
date that is 15 days after the date on which financial statements are required to be delivered pursuant to
Section 5.01(a) with respect to the fiscal year for which Excess Cash Flow is being calculated. Notwithstanding the
foregoing, if at the time that any prepayment would be required under this paragraph the Borrower or any of its Subsidiaries is
required to prepay or repurchase (or offer to prepay or repurchase) any Other First Lien Indebtedness with any portion of the Excess
Cash Flow for such fiscal year, then the Borrower may apply a portion of the Excess Cash Flow for such fiscal year that would
otherwise be required to prepay Term Borrowings in accordance with this paragraph on a pro rata basis (determined on the basis of
the aggregate outstanding principal amount of the Term Loans and the relevant Other First Lien Indebtedness at such time; provided
that the portion of the Excess Cash Flow allocated to the Other First Lien Indebtedness shall not exceed its pro rata share (as so
determined) of the amount thereof required to be allocated to the Other First Lien Indebtedness pursuant to the terms thereof, and
the remaining amount, if any, thereof shall be allocated to the Term Borrowings in accordance with the terms hereof) to the
prepayment of the Term Borrowings and to the prepayment or repurchase of the relevant Other First Lien Indebtedness, and the amount
of the prepayment of the Term Borrowings that would have otherwise been required pursuant to this paragraph shall be reduced
accordingly; provided, further, that to the extent the holders of the Other First Lien Indebtedness decline to have such
Indebtedness prepaid or repurchased, the declined amount shall promptly (and in any event no later than the fifth Business Day after
the date of such rejection) be applied to prepay the Term Borrowings in accordance with the terms hereof.

 

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(e)             Prior
to any optional or mandatory prepayment of Borrowings pursuant to Section 2.11(a), 2.11(b), 2.11(c) or 2.11(d), the Borrower
shall, subject to the next sentence, select the Borrowing or Borrowings to be prepaid and shall specify such selection in the notice of
such prepayment pursuant to paragraph (f) of this Section. In the event of any mandatory prepayment of Term Borrowings made at a
time when Term Borrowings of more than one Class remain outstanding, the Borrower shall select Term Borrowings to be prepaid so that
the aggregate amount of such prepayment is allocated between Term Borrowings pro rata based on the aggregate principal amount of outstanding
Term Borrowings of each such Class; provided that the amounts so allocable to Term Loans of any Class other than the Initial
Term Loans may be applied to other Term Borrowings as provided in the applicable Incremental Facility Agreement, Extension/Modification
Agreement or Refinancing Agreement. Optional prepayments of Term Borrowings shall be allocated among the Classes of Term Borrowings as
directed by the Borrower. Any Term Lender may elect, by written notice to the Administrative Agent at or prior to the time and in the
manner specified by the Administrative Agent, prior to the applicable prepayment to decline all or any portion of any prepayment of its
Term Loans of any Class pursuant to this Section (other than an optional prepayment pursuant to paragraph (a) of this Section,
which may not be declined), in which case the aggregate amount of the prepayment that would have been applied to prepay such Term Loans
but was so declined (such declined amounts, the “Declined Proceeds”) shall be retained by the Borrower. In the absence
of a designation by the Borrower as described in the preceding provisions of this paragraph of the Type of Borrowing of the applicable
Class to be prepaid, the Administrative Agent shall make such designation in its reasonable discretion with a view, but no obligation,
to minimize breakage costs owing under Section 2.16; provided that, in connection with any mandatory prepayment by the Borrower
of the Term Borrowings of any Class pursuant to Section 2.11(c) or 2.11(d), such prepayment shall be applied on a pro rata
basis to the then outstanding Term Borrowings of such Class, irrespective of whether such outstanding Term Borrowings are ABR Borrowings
or Eurocurrency Borrowings; provided further that if no Term Lenders of such Class exercised their right set forth above to
decline such mandatory prepayment of the Term Loans of such Class, then, with respect to such mandatory prepayment, the amount of such
mandatory prepayment shall be applied first to the Term Borrowings of such Class that are ABR Borrowings to the full extent thereof
before application to Term Borrowings of such Class that are Eurocurrency Borrowings in a manner that minimizes the amount of any
payments required to be made by the Borrower pursuant to Section 2.16.

 

(f)             The
Borrower shall notify the Administrative Agent (and, in the case of prepayment of a Swingline Loan, the applicable Swingline Lender)
in writing substantially in the form of Exhibit H of any prepayment hereunder (i) in the case of prepayment of a
Eurocurrency Borrowing, not later than 11:00 a.m., New York City time, three Business Days before the date of prepayment or
(ii) in the case of prepayment of an ABR Borrowing, not later than 11:00 a.m., New York City time, one Business Day before the
date of prepayment. Each such notice shall be irrevocable and shall specify the prepayment date and the principal amount of each
Borrowing or portion thereof to be prepaid and, in the case of a mandatory prepayment, a reasonably detailed calculation of the
amount of such prepayment; provided that a notice of optional prepayment may state that such notice is conditional upon the
effectiveness of other credit facilities or the receipt of the proceeds from the issuance of other Indebtedness or the occurrence of
some other event or condition identified therein, in which case such notice of prepayment may be revoked by the Borrower (by notice
to the Administrative Agent on or prior to the specified date of prepayment) if such condition is not satisfied. Promptly following
receipt of any such notice (other than a notice relating solely to Swingline Loans), the Administrative Agent shall advise the
Lenders of each applicable Class of the contents thereof. Each partial prepayment of any Borrowing shall be in an amount that
would be permitted in the case of an advance of a Borrowing of the same Class and Type as provided in Section 2.02, except
as necessary to apply fully the required amount of a mandatory prepayment. Each prepayment of a Borrowing shall be applied ratably
to the Loans included in the prepaid Borrowing. All prepayments hereunder shall be accompanied by accrued interest to the extent
required by Section 2.13.

 

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(g)            In
the event that, on or prior to the date that is six months after the First Amendment Effective
Date, the Borrower (i) prepays or repays any Initial Term Loans in a Repricing Transaction (including, for the avoidance of doubt,
any prepayment made pursuant to paragraph (a) or (c) of this Section that constitutes a Repricing Transaction) or (ii) effects
any amendment, waiver or other modification of this Agreement that constitutes a Repricing Transaction, the Borrower shall pay to the
Administrative Agent, for the ratable account of each of the applicable Initial Term Lenders, (A) in the case of clause (i), a premium
of 1.00% of the aggregate principal amount of the Initial Term Loans so prepaid or repaid and (B) in the case of clause (ii), a fee
equal to 1.00% of the aggregate principal amount of the Initial Term Loans that are the subject of such Repricing Transaction and that
are required to be assigned by any Initial Term Lender pursuant to Section 2.19(b) as a result of, or in connection with, such
Initial Term Lender not agreeing or otherwise consenting to such amendment, waiver or other modification. All such amounts shall be due
and payable on the date of effectiveness of such Repricing Transaction.

 

SECTION 2.12       Fees.

 

(a)            The
Borrower agrees to pay to the Administrative Agent in dollars for the account of each Revolving Lender of any Class a commitment
fee (the “Commitment Fee”), which shall accrue at a rate per annum equal to the Commitment Fee Rate on the average
daily unused amount of the Revolving Commitment of such Class of such Lender during the period from and including the Effective Date
to but excluding the date on which the Revolving Commitments of such Class terminate. Accrued Commitment Fees shall be payable in
arrears on the last Business Day of March, June, September and December of each year and on the date on which the Revolving
Commitments of such Class terminate, commencing on the first such date to occur after the Effective Date. All Commitment Fees shall
be computed on the basis of a year of 360 days and shall be payable for the actual number of days elapsed (including the first day but
excluding the last day). For purposes of computing Commitment Fees, a Revolving Commitment of any Class of a Lender shall be deemed
to be used to the extent of the outstanding Revolving Loans of such Class and LC Exposure of such Lender attributable to its Revolving
Commitment of such Class (and the Swingline Exposure of such Lender shall be disregarded for such purpose).

 

(b)            The
Borrower agrees to pay (i) to the Administrative Agent in dollars for the account of each Revolving Lender of any Class a
participation fee with respect to its participations in Letters of Credit, which shall accrue at the Applicable Rate used to
determine the interest rate applicable to Eurocurrency Revolving Loans of such Class on the daily amount of such Lender’s
LC Exposure attributable to its Revolving Commitment of such Class (excluding any portion thereof attributable to unreimbursed
LC Disbursements) during the period from and including the Effective Date to and including the later of the date on which such
Lender’s Revolving Commitment of such Class terminates and the date on which such Lender ceases to have any such LC
Exposure, and (ii) to each Issuing Bank in dollars a fronting fee, which shall accrue at a rate equal to 0.125% per annum on
the daily amount of the LC Exposure attributable to Letters of Credit issued by such Issuing Bank (excluding any portion thereof
attributable to unreimbursed LC Disbursements) during the period from and including the Effective Date to and including the later of
the date of termination of the Revolving Commitments and the date on which there ceases to be any such LC Exposure, as well as such
Issuing Bank’s standard fees with respect to the issuance, amendment, renewal or extension of any Letter of Credit or
processing of drawings thereunder. Participation fees and fronting fees shall be payable on the last Business Day of March, June,
September and December of each year, commencing on the first such date to occur after the Effective Date; provided
that all such fees shall be payable on the date on which the Revolving Commitments of the applicable Class terminate and any
such fees accruing after the date on which such Revolving Commitments terminate shall be payable on demand. Any other fees payable
to an Issuing Bank pursuant to this paragraph shall be payable within 10 days after demand. All participation fees and fronting fees
shall be computed on the basis of a year of 360 days and shall be payable for the actual number of days elapsed (including the first
day but excluding the last day).

 

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(c)            The
Borrower agrees to pay to the Administrative Agent, for its own account, fees payable in the amounts and at the times separately agreed
upon between the Borrower and the Administrative Agent (including those set forth in the Fee Letter).

 

SECTION 2.13       Interest.

 

(a)            The
Loans comprising each ABR Borrowing (including each Swingline Loan) shall bear interest at the Alternate Base Rate plus the Applicable
Rate.

 

(b)            The
Loans comprising each Eurocurrency Borrowing shall bear interest at the Adjusted LIBO Rate for the Interest Period in effect for such
Borrowing plus the Applicable Rate.

 

(c)            Notwithstanding
the foregoing, if any principal of or interest on any Loan or any fee or other amount payable by the Borrower hereunder is not paid when
due, whether at stated maturity, upon acceleration or otherwise, such overdue amount shall bear interest, after as well as before judgment,
at a rate per annum equal to (i) in the case of overdue principal of any Loan or an unreimbursed LC Disbursement, 2.00% per annum
plus the rate otherwise applicable to such Loan as provided in the preceding paragraphs of this Section or in Section 2.05(i) or
(ii) in the case of any other amount, 2.00% per annum plus the rate applicable to ABR Revolving Loans as provided in paragraph (a) of
this Section; provided that no amount of interest in excess of that provided for under paragraphs (a) and (b) of this
Section shall accrue or be payable pursuant to this Section 2.13(c) to a Defaulting Lender so long as such Lender shall
be a Defaulting Lender.

 

(d)            Accrued
interest on each Loan shall be payable in arrears on each Interest Payment Date for such Loan and, in the case of Revolving Loans of any
Class, upon termination of the Revolving Commitments of such Class, provided that (i) interest accrued pursuant to paragraph
(c) of this Section shall be payable on demand, (ii) in the event of any repayment or prepayment of any Loan (other than
a prepayment of an ABR Revolving Loan prior to the Maturity Date applicable thereto), accrued interest on the principal amount repaid
or prepaid shall be payable on the date of such repayment or prepayment and (iii) in the event of any conversion of any Eurocurrency
Loan prior to the end of the current Interest Period therefor, accrued interest on such Loan shall be payable on the effective date of
such conversion.

 

(e)            All
interest hereunder shall be computed on the basis of a year of 360 days, except that interest computed by reference to the Alternate Base
Rate at times when the Alternate Base Rate is based on the Prime Rate shall be computed on the basis of a year of 365 days (or 366 days
in a leap year), and in each case shall be payable for the actual number of days elapsed (including the first day but excluding the last
day). The applicable Alternate Base Rate or Adjusted LIBO Rate shall be determined by the Administrative Agent, and such determination
shall be conclusive absent manifest error.

 

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SECTION 2.14       Alternate
Rate of Interest.

 

(a)            Subject
to clause (b) of this Section, if at least two Business Days prior to the commencement of any Interest Period for a Eurocurrency
Borrowing:

 

(i)             the
Administrative Agent determines (which determination shall be conclusive absent manifest error) that adequate and reasonable means do
not exist for ascertaining the Adjusted LIBO Rate (including because the LIBO Screen Rate is not available or published on a current basis)
for such Interest Period; or

 

(ii)            the
Administrative Agent is advised by the Required Lenders that the Adjusted LIBO Rate for such Interest Period will not adequately and fairly
reflect the cost to such Lenders of making or maintaining their Loans included in such Borrowing for such Interest Period;

 

the Administrative Agent shall give notice
thereof to the Borrower and the Lenders by telephone, email or facsimile as promptly as practicable thereafter and, until the
Administrative Agent notifies the Borrower and the Lenders that the circumstances giving rise to such notice no longer exist,
(A) any Interest Election Request that requests the conversion of any Borrowing to, or continuation of any Borrowing as, an
affected Eurocurrency Borrowing and shall be ineffective, and such Borrowing shall be continued as or converted to an ABR Borrowing
and (B) if any Borrowing Request requests an affected Eurocurrency Borrowing, then such Borrowing shall be made as an ABR
Borrowing; provided, however, that the Borrower may revoke any Borrowing Request that is pending when such notice is
received.

 

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

 

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

 

(iii)           The
Administrative Agent will promptly notify the Borrower and the Lenders of (A) any occurrence of a Benchmark Transition Event or
an Early Opt-in Election, as applicable, and its related Benchmark Replacement Date, (B) the implementation of any Benchmark
Replacement, (C) the effectiveness of any Benchmark Replacement Conforming Changes, (D) the removal or reinstatement of
any tenor of a Benchmark pursuant to paragraph (iv) below
and the commencement or conclusion of any Benchmark Unavailability Period. Any determination, decision or election that may be made
by the Administrative Agent or, if applicable, any Lender (or group of Lenders) pursuant to this Section 2.14, including any
determination with respect to a tenor, rate or adjustment or of the occurrence or non-occurrence of an event, circumstance or date
and any decision to take or refrain from taking any action or any selection, will be conclusive and binding absent manifest error
and may be made in its or their sole discretion and without consent from any other party to this Agreement or any other Loan
Document, except, in each case, as expressly required pursuant to this Section 2.14.

 

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

 

(v)            Upon
the commencement of a Benchmark Unavailability Period, the Borrower may revoke any pending request for a borrowing of, conversion to or
continuation of Eurocurrency Loans to be made, converted or continued with respect to the then current Benchmark during any Benchmark
Unavailability Period and, failing that, the Borrower will be deemed to have converted any such request into a request for a borrowing
of or conversion to ABR Loans. During any Benchmark Unavailability Period or at any time that a tenor for the then-current Benchmark is
not an Available Tenor, the component of Alternate Base Rate based upon the then-current Benchmark or such tenor for such Benchmark, as
applicable, will not be used in any determination of the Alternate Base Rate.

 

SECTION 2.15       Increased
Costs.

 

(a)            If
any Change in Law shall:

 

(i)             impose,
modify or deem applicable any reserve, special deposit, compulsory loan, insurance charge or similar requirement against assets of, deposits
with or for the account of, or credit extended by, any Lender or any Issuing Bank (except any such reserve requirement reflected in the
Adjusted LIBO Rate);

 

(ii)            subject
any Lender to any Tax of any kind whatsoever (except for Indemnified Taxes or Other Taxes, in each case that are indemnifiable under Section 2.17
or Excluded Taxes); or

 

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(iii)           impose
on any Lender or any Issuing Bank or the London interbank market any other condition, cost or expense affecting this Agreement or Eurocurrency
Loans or ABR Loans made by such Lender or any Letter of Credit or participation therein;

 

and the result of any of the foregoing shall be to increase the cost
to such Lender of making, converting to, continuing or maintaining any Eurocurrency Loan or ABR Loan (or of maintaining its obligation
to make any such Loan) or to increase the cost to such Lender or Issuing Bank of participating in, issuing or maintaining any Letter of
Credit (or of maintaining its obligation to participate in or issue any Letter of Credit) or to reduce the amount of any sum received
or receivable by such Lender or Issuing Bank hereunder (whether of principal, interest or otherwise), then, from time to time upon request
of such Lender or Issuing Bank, the Borrower will pay to such Lender or Issuing Bank, as the case may be, such additional amount or amounts
as will compensate such Lender or Issuing Bank, as the case may be, for such increased costs actually incurred or reduction actually suffered.

 

(b)            If
any Lender or Issuing Bank determines that any Change in Law regarding capital or liquidity requirements has the effect of reducing the
rate of return on such Lender’s or Issuing Bank’s capital or on the capital of such Lender’s or Issuing Bank’s
holding company, if any, as a consequence of this Agreement or the Loans made by, or participations in Letters of Credit or Swingline
Loans held by, such Lender, or the Letters of Credit issued by such Issuing Bank, to a level below that which such Lender or Issuing Bank
or such Lender’s or Issuing Bank’s holding company could have achieved but for such Change in Law (taking into consideration
such Lender’s or Issuing Bank’s policies and the policies of such Lender’s or Issuing Bank’s holding company with
respect to capital adequacy and liquidity), then, from time to time upon request of such Lender or Issuing Bank, the Borrower will pay
to such Lender or Issuing Bank, as the case may be, such additional amount or amounts as will compensate such Lender or Issuing Bank or
such Lender’s or Issuing Bank’s holding company for any such reduction actually suffered.

 

(c)            A
certificate of a Lender or an Issuing Bank setting forth in reasonable detail the amount or amounts necessary to compensate such Lender
or Issuing Bank or its holding company, as the case may be, as specified in paragraph (a) or (b) of this Section delivered
to the Borrower shall be conclusive absent manifest error. The Borrower shall pay such Lender or Issuing Bank, as the case may be, the
amount shown as due on any such certificate within 15 days after receipt thereof.

 

(d)            Failure
or delay on the part of any Lender or Issuing Bank to demand compensation pursuant to this Section shall not constitute a
waiver of such Lender’s or Issuing Bank’s right to demand such compensation, provided that the Borrower shall not
be required to compensate a Lender or Issuing Bank pursuant to this Section for any increased costs incurred or reductions
suffered more than 180 days prior to the date that such Lender or Issuing Bank, as the case may be, notifies the Borrower of the
Change in Law giving rise to such increased costs or reductions and of such Lender’s or Issuing Bank’s intention to
claim compensation therefor; provided further that, if the Change in Law giving rise to such increased costs or reductions is
retroactive, then the 180-day period referred to above shall be extended to include the period of retroactive effect thereof.

 

(e)            Notwithstanding
any other provision of this Section, no Lender or Issuing Bank shall demand compensation for any increased cost or reduction pursuant
to this Section if it shall not at the time be the general policy or practice of such Lender or Issuing Bank to demand such compensation
in similar circumstances under comparable provisions of other credit agreements of similarly situated borrowers.

 

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SECTION 2.16       Break
Funding Payments. In the event of (a) the payment of any principal of any Eurocurrency Loan other than on the last day of
an Interest Period applicable thereto (including as a result of an Event of Default), (b) the conversion of any Eurocurrency
Loan other than on the last day of the Interest Period applicable thereto, (c) the failure to borrow, convert, continue or
prepay any Eurocurrency Loan on the date specified in any notice delivered pursuant hereto (regardless of whether such notice may be
revoked hereunder and is revoked in accordance herewith) or (d) the assignment of any Eurocurrency Loan other than on the last
day of the Interest Period applicable thereto as a result of a request by the Borrower pursuant to Section 2.19, then, in any
such event, the Borrower shall, after receipt of a written request by any Lender affected by any such event (which request shall set
forth in reasonable detail the basis for requesting such amount), compensate each Lender for the loss, cost and expense attributable
to such event, it being understood that such loss, cost or expense shall exclude any interest rate floor and any loss of anticipated
profit. For purposes of calculating amounts payable by the Borrower to the Lenders under this Section 2.16, each Lender shall
be deemed to have funded each Eurocurrency Loan made by it at the Adjusted LIBO Rate for such Loan by a matching deposit or other
borrowing for a comparable amount and for a comparable period, whether or not such Eurocurrency Loan was in fact so funded. A
certificate of any Lender setting forth any amount or amounts that such Lender is entitled to receive pursuant to this
Section delivered to the Borrower shall be conclusive absent manifest error. The Borrower shall pay such Lender the amount
shown as due on any such certificate within 15 days after receipt of such demand. Notwithstanding the foregoing, this
Section 2.16 will not apply to losses, costs or expenses resulting from Taxes, as to which Section 2.17 shall govern.

 

SECTION 2.17       Taxes.

 

(a)            Any
and all payments by or on account of any obligation of any Loan Party hereunder or under any other Loan Document shall be made free and
clear of and without deduction on account of any Taxes, provided that if any Loan Party, the Administrative Agent or any other
applicable withholding agent shall be required by applicable law (as determined in the good faith discretion of the applicable withholding
agent) to deduct Taxes from such payments, then (i) if the Tax in question is an Indemnified Tax or an Other Tax, the amount payable
by the applicable Loan Party shall be increased as necessary so that after all required deductions have been made (including deductions
applicable to additional amounts payable under this Section 2.17), each of the Administrative Agent and the applicable Lenders receives
an amount equal to the sum it would have received had no such deductions been made, (ii) the applicable Loan Party, the Administrative
Agent or other applicable withholding agent shall make such deductions and (iii) the applicable withholding agent shall timely pay
the full amount deducted to the relevant Governmental Authority in accordance with applicable law.

 

(b)            Without
limiting the provisions of paragraph (a) above, the Loan Parties shall timely pay any Other Taxes to the relevant Governmental Authority
in accordance with applicable law.

 

(c)            Without
duplication of any amounts paid under paragraph (a) or (b) above, the Loan Parties shall, jointly and severally, indemnify the
Administrative Agent and each Lender, within 30 days after written demand therefor, for any Indemnified Taxes payable by the Administrative
Agent or such Lender, as the case may be, on or with respect to any payment by or on account of any obligation of any Loan Party under
any Loan Document and any Other Taxes (including Indemnified Taxes or Other Taxes imposed or asserted on or attributable to amounts payable
under this Section 2.17) and any reasonable expenses arising therefrom or with respect thereto, whether or not such Indemnified Taxes
or Other Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate setting forth in reasonable
detail the basis and calculation of the amount of such payment or liability delivered to the Borrower by a Lender, or by the Administrative
Agent on its own behalf or on behalf of a Lender, shall be conclusive absent manifest error.

 

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(d)            Each
Lender shall severally indemnify the Administrative Agent, within 10 days after demand therefor, for (i) any Indemnified Taxes
attributable to such Lender (but only to the extent that no Loan Party has already indemnified the Administrative Agent for such
Indemnified Taxes and without limiting the obligation of the Loan Parties to do so), (ii) any Taxes attributable to such
Lender’s failure to comply with the provisions of Section 9.04(c) relating to the maintenance of a Participant
Register and (iii) any Excluded Taxes attributable to such Lender, in each case, that are payable or paid by the Administrative
Agent in connection with any Loan Document, and any reasonable expenses arising therefrom or with respect thereto, whether or not
such Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of
such payment or liability delivered to any Lender by the Administrative Agent shall be conclusive absent manifest error. Each Lender
hereby authorizes the Administrative Agent to set off and apply any and all amounts at any time owing to such Lender under any Loan
Document or otherwise payable by the Administrative Agent to such Lender from any other source against any amount due to the
Administrative Agent under this paragraph (d).

 

(e)            As
soon as practicable after any payment of Indemnified Taxes or Other Taxes by a Loan Party to a Governmental Authority, the Borrower shall
deliver to the Administrative Agent the original or a certified copy of a receipt issued by such Governmental Authority evidencing such
payment, a copy of the return reporting such payment or other evidence of such payment reasonably satisfactory to the Administrative Agent.

 

(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 properly completed and executed 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 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 of its inability to do so. Unless the applicable withholding agent has received
forms or other documents satisfactory to it indicating that payments under any Loan Document to or for a Lender are not subject to withholding
Tax or are subject to Tax at a rate reduced by an applicable tax treaty, the Borrower, the Administrative Agent or other applicable withholding
agent shall withhold amounts required to be withheld by applicable law from such payments at the applicable statutory rate.

 

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 upon the reasonable request
of the Borrower or the Administrative Agent) whichever of the following is applicable:

 

(A)           two
properly completed and duly signed copies of Internal Revenue Service Form W-8BEN (or any successor forms) claiming eligibility for
benefits of an income tax treaty to which the United States of America is a party and such other documentation as required under the Code,

 

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

 

(C)            if
such Lender is claiming the benefits of the exemption for portfolio interest under Section 871(h) or Section 881(c) of
the Code, (x) two properly completed and duly signed certificates, substantially in the form of Exhibit E (any such certificate
a “U.S. Tax Compliance Certificate”), and (y) two properly completed and duly signed copies of Internal Revenue
Service Form W-8BEN (or any successor forms),

 

(D)           to
the extent such Lender is not the beneficial owner (for example, where the Lender is a partnership or a participating
Lender), Internal Revenue Service Form W-8IMY (or any successor forms) of such Lender, accompanied by a Form W-8ECI,
W-8BEN, U.S. Tax Compliance Certificate, Form W-9, Form W-8IMY (or other successor forms) or any other required
information from each beneficial owner that would be required under this Section 2.17 if such beneficial owner were a Lender,
as applicable (provided that, if such Lender is a partnership (and not a participating Lender) and one or more direct or
indirect partners are claiming the portfolio interest exemption, the U.S. Tax Compliance Certificate may be provided by such Lender
on behalf of such direct or indirect partners), or

 

(E)            any
other form prescribed by applicable law as a basis for claiming an exemption from or a reduction in U.S. federal withholding Tax
duly completed together with such supplementary documentation as may be prescribed by applicable law to permit the Borrower and the
Administrative Agent to determine the withholding or deduction required to be made; provided, that with respect to this
clause (E), the completion, execution and submission of such documentation shall not be required if in such Lender’s
reasonable judgment such completion, execution or submission would subject such Lender to any material unreimbursed cost or expense
or would materially prejudice the legal or commercial position of such Lender.

 

(iii)           If
a payment made to any Lender under any Loan Document would be subject to U.S. federal withholding Tax imposed by FATCA if such Lender
were to fail to comply with the applicable reporting requirements of FATCA (including those contained in Section 1471(b) or
1472(b) of the Code, as applicable), such Lender shall deliver to the 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 obligations under FATCA, to determine whether such Lender has or has not complied with such Lender’s FATCA obligations and,
if necessary, to determine the amount to deduct and withhold from such payment. Solely for purposes of this Section 2.17(f)(iii),
 “FATCA” shall include any amendments made to FATCA after the Effective Date.

 

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

 

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(g)            If
and to the extent the Administrative Agent or a Lender determines, in its sole good faith discretion, that it received a refund of
any Indemnified Taxes or Other Taxes as to which it has been indemnified by any Loan Party or with respect to which any Loan Party
has paid additional amounts pursuant to this Section 2.17, it shall pay to the relevant Loan Party an amount equal to such
refund (but only to the extent of indemnity payments made, or additional amounts paid, under this Section 2.17 with respect to
the Indemnified Taxes or Other Taxes giving rise to such refund), net of all out-of-pocket expenses (including any Taxes) of the
Administrative Agent or such Lender and without interest (other than any interest paid by the relevant Governmental Authority with
respect to such refund), provided that the applicable Loan Party, upon the request of the Administrative Agent or such
Lender, as applicable, agrees promptly to repay the amount paid over to such Loan Party (plus any penalties, interest or other
charges imposed by the relevant Governmental Authority) to the Administrative Agent or such Lender in the event the Administrative
Agent or such Lender is required to repay such refund to such Governmental Authority. The Administrative Agent or such Lender, 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 Governmental Authority (provided that the
Administrative Agent or such Lender may delete any information therein that the Administrative Agent or such Lender deems
confidential). Notwithstanding anything to the contrary in this paragraph, in no event will any indemnified party be required to pay
any amount to any indemnifying party pursuant to this paragraph the payment of which would place such indemnified party in a less
favorable net after-Tax position than such indemnified party would have been in if the Tax subject to indemnification and giving
rise to such refund had not been deducted, withheld or otherwise never been paid. This Section 2.17(g) shall not be
construed to require the Administrative Agent or any Lender to make available its Tax returns (or any other information relating to
Taxes which it deems confidential to any Loan Party or any other person).

 

(h)            The
agreements in this Section 2.17 shall survive the termination of this Agreement, an assignment of rights by or replacement of any
Lender, the termination of Commitments and the repayment of all Loans and all other amounts payable hereunder.

 

(i)             For
purposes of this Section 2.17, the term “Lender” shall include any Issuing Bank and any Swingline Lender.

 

(j)             If
the Administrative Agent is a United States person (as defined in Section 7701(a)(30) of the Code), it shall deliver to the Borrower
two properly completed and duly signed original copies of Internal Revenue Service Form W-9 (or any successor form). If the Administrative
Agent is not a United States person (as defined in Section 7701(a)(30) of the Code), it shall deliver to the Borrower Internal Revenue
Service Form W-8IMY (together with required accompanying documentation) with respect to payments to be received by it on behalf of
the Lenders.

 

SECTION 2.18       Payments
Generally; Pro Rata Treatment; Sharing of Setoffs.

 

(a)            The
Borrower shall make each payment required to be made by it under any Loan Document (whether of principal, interest, fees or
reimbursement of LC Disbursements, or of amounts payable under Section 2.15, 2.16 or 2.17, or otherwise) prior to the time
expressly required hereunder or under such other Loan Document for such payment (or, if no such time is expressly required, prior to
2:00 p.m., New York City time), on the date when due, in immediately available funds, without condition or deduction for any
counterclaim, recoupment or setoff. Any amounts received after such time on any date may, in the discretion of the Administrative
Agent, be deemed to have been received on the next succeeding Business Day for purposes of calculating interest thereon. All such
payments shall be made to such account as may be specified by the Administrative Agent, except that payments to be made directly to
any Issuing Bank or any Swingline Lender shall be made as expressly provided herein, payments pursuant to Sections 2.15, 2.16, 2.17
and 9.03 shall be made directly to the Persons entitled thereto and payments pursuant to other Loan Documents shall be made to the
Persons specified therein. The Administrative Agent shall distribute any such payments received by it for the account of any other
Person to the appropriate recipient promptly following receipt thereof. Except as otherwise provided herein, if any payment under
any Loan Document shall be due on a day that is not a Business Day, the date for payment shall be extended to the next succeeding
Business Day. If any payment on a Eurocurrency Loan becomes due and payable on a day other than a Business Day, the maturity thereof
shall be extended to the next succeeding Business Day unless the result of such extension would be to extend such payment into
another calendar month, in which event such payment shall be made on the immediately preceding Business Day. In the case of any
payment of principal pursuant to the preceding two sentences, interest thereon shall be payable at the then applicable rate for the
period of such extension. All payments or prepayments of any Loan shall be made in dollars, all reimbursements of any LC
Disbursements shall be made in dollars, all payments of accrued interest payable on a Loan or LC Disbursement shall be made in
dollars, and all other payments under each Loan Document shall be made in dollars.

 

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(b)            If
at any time insufficient funds are received by and available to the Administrative Agent to pay fully all amounts of principal, unreimbursed
LC Disbursements, interest and fees then due hereunder, such funds shall be applied (i) first, towards payment of interest
and fees then due hereunder, ratably among the parties entitled thereto in accordance with the amounts of interest and fees then due to
such parties, and (ii) second, towards payment of principal and unreimbursed LC Disbursements then due hereunder, ratably
among the parties entitled thereto in accordance with the amounts of principal and unreimbursed LC Disbursements then due to such parties.

 

(c)            If
any Lender shall, by exercising any right of setoff or counterclaim or otherwise, obtain payment in respect of any principal of or interest
on any of its Revolving Loans, Term Loans or participations in LC Disbursements or Swingline Loans resulting in such Lender receiving
payment of a greater proportion of the aggregate amount of its Revolving Loans, Term Loans and participations in LC Disbursements and
Swingline Loans and accrued interest thereon than the proportion received by any other Lender, then the Lender receiving such greater
proportion shall purchase (for cash at face value) participations in the Revolving Loans, Term Loans and participations in LC Disbursements
and Swingline Loans of other Lenders to the extent necessary so that the benefit of all such payments shall be shared by the Lenders ratably
in accordance with the aggregate amount of principal of and accrued interest on their respective Revolving Loans, Term Loans and participations
in LC Disbursements and Swingline Loans; provided that (i) if any such participations are purchased and all or any portion
of the payment giving rise thereto is recovered, such participations shall be rescinded and the purchase price restored to the extent
of such recovery, without interest and (ii) the provisions of this paragraph shall not be construed to apply to (A) any payment
made by the Loan Parties pursuant to and in accordance with the express terms of this Agreement and the other Loan Documents (for the
avoidance of doubt, in each case as in effect from time to time), including Sections 2.20, 2.21, 2.22, 2.23 and 2.24, or (B) any
payment obtained by a Lender as consideration for the assignment of or sale of a participation in any of its Loans or participations in
LC Disbursements or Swingline Loans to any Person that is an Eligible Assignee (as such term is defined from time to time). The Borrower
consents to the foregoing and agrees, to the extent it may effectively do so under applicable law, that any Lender acquiring a participation
pursuant to the foregoing arrangements may exercise against the Borrower rights of setoff and counterclaim with respect to such participation
as fully as if such Lender were a direct creditor of the Borrower in the amount of such participation.

 

(d)            Unless
the Administrative Agent shall have received notice from the Borrower prior to the date on which any payment is due to the
Administrative Agent for the account of the Lenders or the Issuing Banks hereunder that the Borrower will not make such payment, the
Administrative Agent may assume that the Borrower has made such payment on such date in accordance herewith and may, in reliance
upon such assumption and in its sole discretion, distribute to the Lenders or Issuing Banks, as the case may be, the amount due. In
such event, if the Borrower has not in fact made such payment, then each of the Lenders or Issuing Banks, as the case may be,
severally agrees to repay to the Administrative Agent forthwith on demand the amount so distributed to such Lender or Issuing Bank
with interest thereon, for each day from and including the date such amount is distributed to it to but excluding the date of
payment to the Administrative Agent, at the greater of the NYFRB Rate and a rate determined by the Administrative Agent in
accordance with banking industry rules on interbank compensation.

 

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(e)            If
any Lender shall fail to make any payment required to be made by it hereunder to or for the account of the Administrative Agent, any Issuing
Bank or any Swingline Lender, then the Administrative Agent may, in its discretion (notwithstanding any contrary provision hereof), (i) apply
any amounts thereafter received by the Administrative Agent for the account of such Lender to satisfy such Lender’s obligations
in respect of such payment until all such unsatisfied obligations have been discharged and/or (ii) hold any such amounts in a segregated
account as cash collateral for, and apply any such amounts to, any future payment obligations of such Lender hereunder to or for the account
of the Administrative Agent, any Issuing Bank or any Swingline Lender, in each case in such order as shall be determined by the Administrative
Agent in its discretion.

 

(f)             In
the event that any financial statements delivered under Section 5.01(a) or 5.01(b), or any Compliance Certificate delivered
under Section 5.01(c), shall prove to have been materially inaccurate, and such inaccuracy shall have resulted in the payment of
any interest or fees at rates lower than those that were in fact applicable for any period (based on the actual Total Net Leverage Ratio),
then, if such inaccuracy is discovered prior to the termination of this Agreement, the Borrower shall pay to the Administrative Agent,
for distribution to the Lenders (or former Lenders) as their interests may appear, the accrued interest or fees that should have been
paid but were not paid as a result of such misstatement.

 

SECTION 2.19       Mitigation
Obligations; Replacement of Lenders.

 

(a)            If
any Lender requests compensation under Section 2.15, or if the Borrower is required to pay any amount to any Lender or any Governmental
Authority for the account of any Lender pursuant to Section 2.17 or if any Lender gives notice of any event giving rise to the operation
of Section 2.21, then such Lender shall use reasonable efforts to designate a different lending office for funding or booking its
Loans hereunder or its participation in any Letter of Credit affected by such event, or to assign and delegate its rights and obligations
hereunder to another of its offices, branches or Affiliates, if, in the judgment of such Lender, such designation or assignment and delegation
(i) would eliminate or reduce amounts payable pursuant to Section 2.15 or 2.17 or mitigate the applicability of Section 2.21,
as the case may be, and (ii) would not subject such Lender to any unreimbursed cost or expense reasonably deemed by such Lender to
be material and would not be inconsistent with the internal policies of, or otherwise be disadvantageous in any material economic, legal
or regulatory respect to, such Lender.

 

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(b)            If
(i) any Lender requests compensation under Section 2.15 or gives notice under Section 2.21, (ii) the Borrower is
required to pay any amount to any Lender or to any Governmental Authority for the account of any Lender pursuant to Section 2.17,
(iii) any Lender is a Defaulting Lender or (iv) any Lender has failed to consent to a proposed amendment, waiver or modification
that under Section 9.02 requires the consent of all the Lenders (or all the affected Lenders or all the Lenders of the affected
Class) and with respect to which the Required Lenders (or, in circumstances where Section 9.02 does not require the consent of the
Required Lenders, a Majority in Interest of the Lenders of the affected Class or Classes) shall have granted their consent, then
the Borrower may, at its sole expense and effort, upon notice to such Lender and the Administrative Agent, require such Lender to assign
and delegate, without recourse (in accordance with and subject to the restrictions contained in Section 9.04), all its interests,
rights (other than its existing rights to payments pursuant to Section 2.15 or 2.17) and obligations under this Agreement and the
other Loan Documents (or all its interests, rights and obligations under this Agreement and the other Loan Documents as a Lender of a
particular Class) to an Eligible Assignee that shall assume such obligations (which assignee may be another Lender, if a Lender accepts
such assignment and delegation); provided that (A) the Borrower shall have received the prior written consent of the Administrative
Agent to the extent such consent would be required under Section 9.04(b) for an assignment of Loans or Commitments to such
assignee (and if any Revolving Exposure or Revolving Commitment is being assigned and delegated, the consent of each Issuing Bank and
each Swingline Lender), which consents, in each case, shall not unreasonably be withheld or delayed, (B) such Lender shall have
received payment of an amount equal to the outstanding principal amount of its Loans and unreimbursed participations in LC Disbursements
and Swingline Loans, accrued but unpaid interest thereon, accrued but unpaid fees and all other amounts payable to it hereunder from
the assignee (to the extent of such outstanding principal and accrued interest and fees) or the Borrower (in the case of all other amounts),
(C) the Borrower or such assignee shall have paid (unless waived) to the Administrative Agent the processing and recordation fee
specified in Section 9.04(b)(ii), (D) in the case of any such assignment resulting from a claim for compensation under Section 2.15,
or payments required to be made pursuant to Section 2.17, such assignment will result in a material reduction in such compensation
or payments, and in the case of any such assignment resulting from the giving of notice pursuant to Section 2.21, the assignee shall
not be subject to the events described therein, and (E) in the case of any such assignment resulting from the failure to provide
a consent, the assignee shall have given such consent and, as a result of such assignment and any contemporaneous assignments and consents,
the applicable amendment, waiver or other modification can be effected. A Lender shall not be required to make any such assignment and
delegation if, prior thereto, as a result of a waiver by such Lender or otherwise (including as a result of any action taken by such
Lender under paragraph (a) above), the circumstances entitling the Borrower to require such assignment and delegation cease to apply.
Each party hereto agrees that an assignment required pursuant to this paragraph may be effected pursuant to an Assignment and Assumption
executed by the Borrower, the Administrative Agent and the assignee and that the Lender required to make such assignment need not be
a party thereto.

 

SECTION 2.20       Defaulting
Lenders.

 

(a)            Adjustments.
Notwithstanding anything to the contrary contained in this Agreement, if any Lender becomes a Defaulting Lender, then, until such time
as that Lender is no longer a Defaulting Lender, to the extent permitted by applicable law:

 

(i)            Waivers
and Amendments. Such Defaulting Lender’s right to approve or disapprove any amendment, waiver or consent with respect to this
Agreement or any other Loan Document shall be restricted as set forth in the definitions of the terms “Majority in Interest”,
 “Required Lenders” and “Required Revolving Lenders” and in Section 9.02(b).

 

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(ii)            Reallocation
of Payments. 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 VII or otherwise, and including any
amounts made available to the Administrative Agent by that Defaulting Lender pursuant to Section 9.08), 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, in the case of a Revolving Lender, to the payment on a
pro rata basis of any amounts owing by that Defaulting Lender to each Issuing Bank or Swingline Lender hereunder; third, to
cash collateralize the Issuing Banks’ Defaulting Lender Fronting Exposure with respect to such Defaulting Lender in accordance
with Section 2.05(j); fourth, 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; fifth, in the case of a Revolving Lender, if so determined by the Administrative
Agent and the Borrower, to be held in a non-interest bearing deposit account and released pro rata in order to (x) satisfy
obligations of that Defaulting Lender to fund Loans under this Agreement and (y) cash collateralize the Issuing Banks’
future Defaulting Lender Fronting Exposure with respect to such Defaulting Lender with respect to future Letters of Credit issued
under this Agreement, in accordance with Section 2.05(j); sixth, to the payment of any amounts owing to the Lenders, the
Issuing Banks or the Swingline Lenders as a result of any judgment of a court of competent jurisdiction obtained by any
Lender, Issuing Bank or Swingline Lender against that Defaulting Lender as a result of that Defaulting Lender’s breach of
its obligations under this Agreement; seventh, so long as no Default or Event of Default exists, to the payment of any
amounts owing to the Borrower as a result of any judgment of a court of competent jurisdiction obtained by the Borrower against that
Defaulting Lender as a result of that Defaulting Lender’s breach of its obligations under this Agreement; and eighth,
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 or LC Disbursements in respect of which such Defaulting Lender has not fully funded its
appropriate share, and such Loans were made or the related Letters of Credit were issued at a time when the conditions set forth in
Section 4.02 were satisfied or waived, such payment shall be applied solely to pay the relevant Loans of, and LC Disbursements
owed to, the relevant Non-Defaulting Lenders on a pro rata basis prior to being applied to the payment of any Loans of, or LC
Disbursements owed to, such Defaulting Lender until such time as all Loans and funded and unfunded participations in LC
Disbursements and Swingline Loans are held by the Revolving Lenders in accordance with their respective Applicable Percentages
without giving effect to clause (iv) below. Any payments, prepayments or other amounts paid or payable to a Defaulting Lender
that are applied (or held) to pay amounts owed by a Defaulting Lender or to post cash collateral pursuant to this Section shall
be deemed paid to and redirected by that Defaulting Lender, and each Lender irrevocably consents thereto.

 

(iii)           Certain
Fees. (A) No Revolving Lender shall be entitled to receive any Commitment Fee for any period during which such Revolving Lender
is a Defaulting Lender (and the Borrower shall not be required to pay any such fee that otherwise would have been required to have been
paid to such Defaulting Lender).

 

(B)            Each
Revolving Lender shall be entitled to receive Letter of Credit fees provided in Section 2.12(b)(i) for any period during which
such Revolving Lender is a Defaulting Lender only to the extent allocable to its LC Exposure for which it has provided cash collateral
pursuant to this Section.

 

(C)            With
respect to any Letter of Credit fee not required to be paid to any Defaulting Lender pursuant to clause (B) above, the Borrower shall
(i) pay to each Revolving Lender that is a Non-Defaulting Lender that portion of any such fee otherwise payable to such Defaulting
Lender with respect to such Defaulting Lender’s participation in LC Disbursements that has been reallocated to such Non-Defaulting
Lender pursuant to clause (iv) below, (y) pay to each Issuing Bank the amount of any such Letter of Credit fee otherwise payable
to such Defaulting Lender to the extent allocable to such Issuing Bank’s Defaulting Lender Fronting Exposure to such Defaulting
Lender, and (z) not be required to pay the remaining amount of any such Letter of Credit fee.

 

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(iv)           Reallocation
of Participations to Reduce Fronting Exposure. If such Defaulting Lender is a Revolving Lender, all or any part of such
Defaulting Lender’s participation in LC Disbursements and Swingline Loans shall be reallocated among the Revolving Lenders
that are Non-Defaulting Lenders in accordance with their respective Applicable Percentages (calculated without regard to such
Defaulting Lender’s Revolving Commitment) but only to the extent that such reallocation does not cause the aggregate Revolving
Exposure of any Class of any such Non-Defaulting Lender to exceed such Non-Defaulting Lender’s Revolving Commitment of
such Class. No reallocation hereunder shall constitute a waiver or release of any claim of any party hereunder against any Revolving
Lender arising from such Revolving Lender having become a Defaulting Lender, including any claim of a Non-Defaulting Lender as a
result of such Non-Defaulting Lender’s increased exposure following such reallocation.

 

(b)            Defaulting
Lender Cure. If the Borrower, the Administrative Agent and, in the case of any Defaulting Lender that is a Revolving Lender, each
Swingline Lender and each Issuing Bank agree in writing in their sole discretion that a Defaulting Lender should no longer be deemed to
be a Defaulting Lender, the Administrative Agent will so notify the parties hereto, whereupon as of the effective date specified in such
notice and subject to any conditions set forth therein (which may include arrangements with respect to any cash collateral), such Lender
will, if such Lender is a Revolving Lender and to the extent applicable, purchase at par that portion of outstanding Revolving Loans of
the other Revolving Lenders of the applicable Class or take such other actions as the Administrative Agent may determine to be necessary
to cause the Revolving Loans and funded and unfunded participations in Letters of Credit and Swingline Loans to be held on a pro rata
basis by the Revolving Lenders in accordance with their respective Revolving Commitments of the applicable Class, whereupon such Lender
will cease to be a Defaulting Lender; provided that no adjustments will be made retroactively with respect to fees accrued or payments
made by or on behalf of the Borrower while such Lender was a Defaulting Lender; and provided further, that except to the extent
otherwise expressly agreed by the affected parties, no change hereunder from being a Defaulting Lender will constitute a waiver or release
of any claim of any party hereunder arising from such Lender’s having been a Defaulting Lender.

 

SECTION 2.21       Illegality.
If any Lender determines that any law has made it unlawful, or that any Governmental Authority has asserted that it is unlawful, for such
Lender to make, maintain or fund Loans whose interest is determined by reference to the Adjusted LIBO Rate, or to determine or charge
interest rates based upon the Adjusted LIBO Rate, then, on notice thereof by such Lender to the Borrower through the Administrative Agent,
any obligation of such Lender to make or continue Eurocurrency Loans or to convert ABR Loans to Eurocurrency Loans shall be suspended
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, (a) the Borrower shall, upon three Business Days’ notice from such Lender (with a copy
to the Administrative Agent), prepay or convert all Eurocurrency Loans of such Lender to ABR Loans either on the last day of the Interest
Period therefor, if such Lender may lawfully continue to maintain such Eurocurrency Loans to such day, or immediately, if such Lender
may not lawfully continue to maintain such Eurocurrency Loans, and (b) if such notice asserts the illegality of such Lender determining
or charging interest rates based upon the Adjusted LIBO Rate, the Administrative Agent shall during the period of such suspension compute
the Alternate Base Rate applicable to such Lender without reference to the Adjusted LIBO 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 Adjusted LIBO Rate. Each Lender agrees to notify the Administrative Agent and the Borrower in writing promptly upon becoming aware
that it is no longer illegal for such Lender to determine or charge interest rates based upon the Adjusted LIBO 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 2.22       Incremental
Facilities.

 

(a)            The
Borrower may, on one or more occasions pursuant to an Incremental Facility Amendment, (i) add one or more new Classes of term facilities
(each, an “Incremental Term Facility” and the loans thereunder, “Incremental Term Loans”) and/or
(ii) increase the principal amount of the Term Loans of any existing Class and/or increase the aggregate amount of the Revolving
Commitments of any existing Class (any such increase, an “Incremental Increase” and, together with any Incremental
Term Facility, collectively, the “Incremental Facilities”; and the loans thereunder, together with any Incremental
Term Loans, collectively, “Incremental Loans”) in an aggregate principal amount not to exceed, when taken together
with the aggregate outstanding principal amount of all Incremental Equivalent Debt, the Incremental Cap (as in effect at the time of the
relevant determination); provided, that:

 

(i)             each
Incremental Facility shall be in an aggregate principal amount that is at least $5,000,000 (or such lesser amount as shall be the remaining
amount of the Incremental Cap or to which the Administrative Agent may reasonably agree);

 

(ii)            in
the case of an Incremental Increase with respect to the Revolving Commitments of any existing Class, the terms of the Incremental Commitments
and the Loans and other extensions of credit to be made thereunder shall be identical to those of the Revolving Commitments of such Class and
Loans and other extensions of credit made thereunder, and shall be treated as a single Class with such Revolving Commitments and
Loans; provided that, if the Borrower determines to increase the interest rate or fees payable in respect of any such Incremental
Commitments or Loans and other extensions of credit made thereunder, such increase shall be permitted if the interest rate or fees payable
in respect of the other Revolving Commitments of such Class or Loans and other extensions of credit made thereunder, as applicable,
shall be increased to equal such interest rate or fees payable in respect of such Incremental Commitments or Loans and other extensions
of credit made thereunder, as the case may be; provided further that the Borrower, at its election, may pay upfront or closing
fees with respect to such Incremental Increase without paying such fees with respect to the other Revolving Commitments of such Class;

 

(iii)            in
the case of an Incremental Increase with respect to the Term Loans of any Class, the terms of the Loans thereunder (other than (A) to
the extent not affecting fungibility for Tax purposes, OID and upfront fees and scheduled amortization and (B) any escrow provisions
applicable thereto (including any mandatory prepayment thereof required if the conditions to the release from escrow are not satisfied)
prior to the release of the proceeds of such Loans from escrow) shall be the same as the terms of the applicable Class of Term Loans
subject to such Incremental Increase, and on the date of the borrowing of such Loans (or on the date of the release from escrow of the
proceeds of such Loans) and notwithstanding anything to the contrary set forth in Section 2.03 or 2.07, such Loans shall be added
to (and constitute a part of, be of the same Type as and, if applicable, have the same Interest Period as) each Borrowing of outstanding
Term Loans of such Class on a pro rata basis (based on the relative sizes of such Borrowings), so that each Incremental Lender providing
such Loans will participate proportionately in each then-outstanding Borrowing of Term Loans of such Class;

 

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(iv)           in
the case of the Incremental Term Facilities:

 

(A)           the
pricing, fees, premiums, rate floors and other components of yield (and any “MFN” terms) applicable to any Incremental
Term Facility shall be determined by the Borrower and the Incremental Lenders providing such Incremental Term Facility; provided
that, in the case of any Incremental Term Loans incurred prior to 12 months anniversary of the Effective Date, the Effective Yield
(determined on the date of the incurrence of such Incremental Term Loans) applicable thereto may not be more than 0.50% higher than
the Effective Yield (determined on such date but prior to any adjustment thereto pursuant to this clause (A)) applicable to the
Initial Term Loans that will remain outstanding after giving effect to the incurrence of such Incremental Term Loans and the
application of the proceeds thereof unless the Effective Yield (and/or, as provided in the proviso below, the Alternate Base Rate
floor or Adjusted LIBO Rate floor) with respect to such Initial Term Loans is adjusted to be equal to the Effective Yield with
respect to such Incremental Term Loans minus 0.50%; provided, further, that any increase in Effective Yield applicable
to the Initial Term Loans due to the application or imposition of any “LIBOR” interest rate floor on such Incremental
Term Loans may, at the election of the Borrower, be effected through an increase in the Adjusted LIBO Rate floor (and the
corresponding adjustment to the Alternate Base Rate floor) applicable to such Initial Term Loans;

 

(B)           the
Maturity Date with respect to any Incremental Term Facility shall be no earlier than the Latest Maturity Date;

 

(C)           the
Weighted Average Life to Maturity of any Incremental Term Loans shall be no shorter than the longest remaining Weighted Average Life to
Maturity of any Class of Term Loans outstanding (determined after giving effect to any repayment or prepayment of Loans on such date)
on the date of the incurrence of such Incremental Term Loans;

 

(D)           (1) each
Incremental Term Facility shall be pari passu in right of payment and with respect to security with any then-existing Class of
Loans and (2) no Incremental Term Facility may be (x) Guaranteed by any Person that is not a Loan Party, provided that
the obligations of any Person with respect to any escrow or similar arrangement described in clause (y) shall be deemed not to constitute
a Guarantee by such Person, or (y) secured by any assets other than the Collateral, provided that any such Incremental Term
Facility may be secured by the proceeds of such Incremental Term Facility, and any related deposit of cash or Permitted Investments to
cover interest and premium with respect to such Incremental Term Facility, to the extent and only for so long as such proceeds and related
deposit are subject to an escrow or similar arrangement to secure such Incremental Term Facility pending the application of the proceeds
thereof;

 

(E)            any
Incremental Term Loans may participate in any mandatory prepayment under Sections 2.11(c) and 2.11(d) on a pro rata basis (or
on a less than pro rata basis, but not on a greater than pro rata basis) with any then-existing Class of Term Loans;

 

(F)            the
proceeds of any Incremental Term Facility may be used for working capital needs and other general corporate purposes, including for capital
expenditures, acquisitions, Investments, Restricted Payments and any other purposes not prohibited by the terms of the Loan Documents;
and

 

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(G)            subject
to the foregoing terms of this Section 2.22, any Incremental Term Facility shall be on terms and pursuant to documentation to
be determined by the Borrower and the Incremental Lenders providing such Incremental Term Facility; provided that except with
respect to the pricing, fees, premiums, rate floors and other components of yield (and any “MFN” terms), final maturity
or commitment termination, amortization, escrow provisions, prepayments (including restrictions on prepayments) and except as
otherwise permitted herein, the terms of any Incremental Term Facility, if not substantially consistent with the terms of any
Class of Term Loans outstanding (determined after giving effect to any repayment or prepayment of Loans on such date) on the
date of the effectiveness of such Incremental Term Facility shall be reasonably acceptable to the Administrative Agent (it being
agreed that any terms contained in such Incremental Facility that are (1) applicable only after the then-existing Latest Term
Loan Maturity Date, (2) more favorable to the Incremental Lenders of such Incremental Term Facility than those applicable to
any such then-existing Class of Term Loans and are then added to the Loan Documents for the benefit of the Lenders under each
such then-existing Class of Term Loans pursuant to the applicable Incremental Facility Amendment and/or (3) consistent
with market terms and conditions (when taken as a whole) at the time of incurrence (as determined by the Borrower in good faith)
shall be deemed acceptable to the Administrative Agent); provided, further, that in the event any Incremental Term Facility
contains a financial maintenance covenant, then such financial maintenance covenant shall be added to this Agreement for the benefit
of the Lenders under each such then-existing Class of Term Loans and Revolving Commitments.

 

(b)            Incremental
Commitments may be provided by any existing Lender or by any other Eligible Assignee (each, an “Incremental Lender”);
provided that (i) except as the Borrower and such Lender may separately agree, no existing Lender shall be obligated to provide
any Incremental Commitment, and the determination to provide any Incremental Commitment shall be within the sole and absolute discretion
of such Lender (it being agreed that the Borrower shall not be obligated to offer the opportunity to any Lender to participate in any
Incremental Facility), and (ii) the Administrative Agent (and, in the case of any Incremental Increase with respect to any Revolving
Commitments, each Issuing Bank and each Swingline Lender) shall have a right to consent (such consent not to be unreasonably withheld,
conditioned or delayed) to the relevant Incremental Lender’s provision of Incremental Commitments solely if such consent would be
required under Section 9.04(b) for an assignment of Loans of the applicable Class to such Incremental Lender; provided,
further, that any Incremental Lender that is an Affiliated Lender shall be subject to the provisions of Section 9.04(e), mutatis
mutandis, to the same extent as if its interest in any Incremental Facility had been acquired by such Incremental Lender by way of
assignment.

 

(c)            Each
Incremental Lender providing a portion of any Incremental Facility shall execute and deliver to the Administrative Agent and the Borrower
all such documentation (including the relevant Incremental Facility Amendment) as may be reasonably required by the Administrative Agent
to evidence and effectuate such Incremental Facility. On the effective date of such Incremental Facility, each Incremental Lender that
is not then a Lender shall become a Lender for all purposes in connection with this Agreement.

 

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(d)            As
conditions precedent either to the effectiveness of any Incremental Facility or to the making of any Incremental Loans (as set forth
in the applicable Incremental Facility Amendment), (i) the Administrative Agent shall be entitled to receive such customary
written opinions of counsel, customary secretary’s certificates, customary officer’s certificates, customary
reaffirmation agreements and customary supplements and/or amendments to the Security Documents as it shall reasonably request,
(ii) the Administrative Agent shall be entitled to receive, from each Incremental Lender that is not then a Lender, an
Administrative Questionnaire and such other documents as it shall reasonably request from such Incremental Lender, (iii) the
Administrative Agent and the Incremental Lenders shall be entitled to receive all fees required to be paid in respect of such
Incremental Facility or Incremental Loans pursuant to agreements separately agreed to by the Borrower and (iv) in the case of
the making of any Loans under any Incremental Term Facility or an Incremental Increase with respect to any existing Class of
Term Loans, the Administrative Agent shall have received a Borrowing Request (it being understood that such Borrowing Request shall
not be required to contain any representation, warranty or certification).

 

(e)            Upon
each Incremental Increase with respect to Revolving Commitments of any Class, each Revolving Lender immediately prior to the effectiveness
of such Incremental Increase will automatically and without further act be deemed to have assigned to each Incremental Lender providing
a portion of such Incremental Increase, and each such Incremental Lender will automatically and without further act be deemed to have
assumed, a portion of such Revolving Lender’s participations hereunder in outstanding Letters of Credit and Swingline Loans such
that, after giving effect to such Incremental Increase and each such deemed assignment and assumption of participations, the percentage
of the aggregate outstanding (A) participations hereunder in Letters of Credit and (B) participations hereunder in Swingline
Loans held by each Revolving Lender (including each such Incremental Lender) will equal such Revolving Lender’s Applicable Percentage
thereof. Any Revolving Loans of such Class outstanding immediately prior to the date of effectiveness of such Incremental Increase
that are Eurocurrency Loans will (except to the extent otherwise repaid in accordance herewith) continue to be held by, and all interest
thereon will continue to accrue for the accounts of, the Revolving Lenders holding such Revolving Loans immediately prior to the date
of effectiveness of such Incremental Increase, in each case until the last day of the then-current Interest Period applicable to any
such Revolving Loan, at which time it will be repaid or refinanced with new Revolving Loans made pursuant to Section 2.01 by the
Revolving Lenders (including each such Incremental Lender) of such Class in accordance with their respective Revolving Commitments
of such Class; provided, however, that upon the occurrence of any Event of Default, each such Incremental Lender will promptly
purchase (for cash at face value) assignments of portions of such outstanding Revolving Loans of such Class of the other Revolving
Lenders of such Class so that, after giving effect thereto, all Revolving Loans of such Class that are Eurocurrency Loans are
held by the Revolving Lenders (including each such Incremental Lender) of such Class ratably in accordance with their respective
Commitments. Any such assignments shall be effected in accordance with the provisions of Section 9.04; provided that the
parties hereto hereby consent to such assignments and the minimum assignment amounts and processing and recordation fee set forth in
Section 9.04(b) shall not apply thereto. If there are any ABR Revolving Loans of such Class outstanding on the date of
effectiveness of such Incremental Increase, such Loans shall either be prepaid by the Borrower on such date or refinanced on such date
(subject to satisfaction of applicable borrowing conditions) with Revolving Loans of such Class made on such date by the Revolving
Lenders (including each such Incremental Lenders) of such Class in accordance with their respective Revolving Commitments of such
Class. In order to effect any such refinancing, (i) each such Incremental Lender will make ABR Revolving Loans of such Class to
the Borrower by transferring funds to the Administrative Agent in an amount equal to the aggregate outstanding amount of such Loans of
such Type times a percentage obtained by dividing the amount of such Incremental Lender’s Revolving Commitment of such Class by
the aggregate amount of the Revolving Commitments (after giving effect to such Incremental Increase) of such Class and (ii) such
funds will be applied to the prepayment of outstanding ABR Revolving Loans held by the Revolving Lenders of such Class other than
such Incremental Lenders, and transferred by the Administrative Agent to such Revolving Lenders in such amounts so that, after giving
effect thereto, all ABR Revolving Loans will be held by the Revolving Lenders (including each such Incremental Lender) of such Class ratably
in accordance with their respective Revolving Commitments of such Class. On the date of such Incremental Increase, the Borrower will
pay to the Administrative Agent, for the accounts of the Revolving Lenders receiving such prepayments, accrued and unpaid interest on
the principal amounts of their Revolving Loans being prepaid. The Administrative Agent and the Lenders hereby agree that the minimum
borrowing, pro rata borrowing and pro rata payment requirements contained elsewhere in this Agreement shall not apply to the transactions
effected pursuant to the immediately preceding sentence.

 

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(f)            The
Lenders hereby irrevocably authorize the Administrative Agent to enter into any Incremental Facility Amendment and/or any amendment to
this Agreement or any other Loan Document as may be necessary or appropriate, in the reasonable opinion of the Administrative Agent and
the Borrower, to give effect to the provisions of this Section 2.22, including any amendments necessary to establish new Classes
of Loans and Commitments hereunder (including for purposes of prepayments and voting) or to reflect an increase in any existing Class of
Loans and Commitments and any technical amendments relating thereto, in each case, on terms consistent with this Section 2.22, it
being understood that neither any Incremental Facility Amendment nor any such other amendment shall require the approval of any existing
Lender, other than in its capacity, if any, as an Incremental Lender providing all or part of the applicable Incremental Facility.

 

(g)            Notwithstanding
anything to the contrary in this Section 2.22 or in any other provision of any Loan Document, but subject to Section 1.06, the
availability of any Incremental Facility shall be subject to such other conditions as shall be agreed by the Borrower and the Incremental
Lenders providing such Incremental Facility, including, if the proceeds of any Incremental Term Facility (or any Incremental Increase
in respect of any Class of Term Loans) are intended to be applied to finance an acquisition or other similar Investment and the Incremental
Lenders providing such Incremental Facility so agree, the availability thereof being subject to customary “SunGard” or “certain
funds” conditionality.

 

SECTION 2.23       Refinancing
Amendments.

 

(a)            The
Borrower may, on one or more occasions pursuant to a Refinancing Amendment, (i) add one or more new Classes of term facilities (each,
a “Refinancing Term Facility” and the loans thereunder, “Refinancing Term Loans”), (ii) add
one or more new Classes of revolving credit facilities (each, a “Refinancing Revolving Facility”) and/or (iii) increase
the principal amount of the Term Loans of any existing Class and/or increase the aggregate amount of the Revolving Commitments of
any existing Class (any such increase, a “Refinancing Increase” and, together with any Refinancing Term Facility
or any Refinancing Revolving Facility, collectively, the “Refinancing Facilities”; and the loans thereunder, together
with any Refinancing Term Loans, collectively, “Refinancing Loans”), in each case, in order to refinance or replace
any then existing Term Loans of any Class (“Refinanced Term Loans”) or any then existing Revolving Commitments
of any Class (“Refinanced Revolving Commitments”); provided that:

 

(i)             (A) in
the case of any Refinancing Revolving Facility or a Refinancing Increase with respect to any Revolving Commitments, the aggregate amount
thereof shall not exceed the aggregate amount of the applicable Refinanced Revolving Commitments, and substantially concurrently with
the effectiveness thereof the Borrower shall terminate the Refinanced Revolving Commitments in accordance with Section 2.08 and shall
make any prepayment or deposit required to be made under Section 2.11(b) as a result thereof and shall pay all interest on the
amounts prepaid and all fees accrued on the applicable Refinanced Revolving Commitments, and (B) in the case of any Refinancing Term
Facility or a Refinancing Increase with respect to any Term Loans, the aggregate amount thereof shall not exceed the aggregate principal
amount of the applicable Refinanced Term Loans (except by the aggregate amount of unpaid accrued interest and premium, if any, on such
Refinanced Term Loans plus other amounts paid, and fees and expenses incurred, in connection with such refinancing), and substantially
concurrently with the incurrence thereof the Borrower shall prepay the applicable Refinanced Term Loans in accordance with Section 2.11;

 

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(ii)            in
the case of a Refinancing Increase with respect to the Revolving Commitments of any existing Class, (A) the terms of the Refinancing
Commitments and the Loans and other extensions of credit to be made thereunder shall be identical to those of the Revolving Commitments
of such Class and Loans and other extensions of credit made thereunder, and shall be treated as a single Class with such Revolving
Commitments and Loans; provided that, if the Borrower determines to increase the interest rate or fees payable in respect of any
such Refinancing Commitments or Loans and other extensions of credit made thereunder, such increase shall be permitted if the interest
rate or fees payable in respect of the other Revolving Commitments of such Class or Loans and other extensions of credit made thereunder,
as applicable, shall be increased to equal such interest rate or fees payable in respect of such Refinancing Commitments or Loans and
other extensions of credit made thereunder, as the case may be; provided further that the Borrower, at its election, may pay upfront
or closing fees with respect to such Refinancing Increase without paying such fees with respect to the other Revolving Commitments of
such Class; and (B) the provisions of Section 2.22(e) shall apply, mutatis mutandis, as if set forth in full in
this Section 2.23;

 

(iii)           in
the case of a Refinancing Increase with respect to the Term Loans of any Class, the terms of the Loans thereunder (other than, to the
extent not affecting fungibility for Tax purposes, OID and upfront fees and scheduled amortization) shall be the same as the terms of
the applicable Class of Term Loans subject to such Refinancing Increase, and on the date of the borrowing of such Loans and notwithstanding
anything to the contrary set forth in Section 2.03 or 2.07, such Loans shall be added to (and constitute a part of, be of the same
Type as and, if applicable, have the same Interest Period as) each Borrowing of outstanding Term Loans of such Class on a pro rata
basis (based on the relative sizes of such Borrowings), so that each Refinancing Lender providing such Loans will participate proportionately
in each then-outstanding Borrowing of Term Loans of such Class;

 

(iv)           in
the case of any Refinancing Revolving Facility:

 

(A)          the
Maturity Date of such Refinancing Revolving Facility shall be no earlier than (and there shall be no required reduction of the Revolving
Commitments thereunder prior to) the earlier of (1) the Maturity Date applicable to the applicable Refinanced Revolving Commitments
and (2) the Latest Revolving Maturity Date, determined as of the date of effectiveness of such Refinancing Revolving Facility;

 

(B)           such
Refinancing Revolving Facility (1) shall be pari passu in right of payment and with respect to security with any then-existing
Class of Loans, (2) shall not be Guaranteed by any Person that is not a Loan Party and (3) shall not be secured by any
asset other than the Collateral;

 

(C)           any
Refinancing Revolving Facility shall be subject to the “ratability” provisions applicable to Extended/Modified Revolving Commitments
and Extended/Modified Revolving Loans set forth in the proviso to clause (i) of Section 2.24(a), mutatis mutandis, to
the same extent as if fully set forth in this Section 2.23; and

 

(D)           subject
to the foregoing provisions of this Section 2.23, such Refinancing Revolving Facility shall be on terms and pursuant to documentation
to be determined by the Borrower and the Lenders providing such Refinancing Revolving Facility; provided that except as to pricing,
fees, rate floors and/or final maturity or commitment termination and except as otherwise permitted in this Section 2.23, the terms
of such Refinancing Revolving Facility, if not substantially consistent with the terms of the applicable Refinanced Revolving
Commitments and extensions of credit thereunder, shall be reasonably acceptable to the Administrative Agent (it being agreed that
any terms of such Refinancing Revolving Facility that are (1) applicable only after the then-existing Latest Revolving Maturity
Date, (2) more favorable to the Lenders providing such Refinancing Revolving Facility than those applicable to any
then-existing Class of Revolving Commitments and are then added to the Loan Documents for the benefit of the Lenders under each
such then-existing Class of Revolving Commitments pursuant to the applicable Refinancing Amendment and/or (3) consistent
with market terms and conditions (when taken as a whole) at the time of incurrence (as determined by the Borrower in good faith)
shall be deemed acceptable to the Administrative Agent); provided,  further, that in the event any Refinancing
Revolving Facility includes a financial maintenance covenant, then such financial maintenance covenant shall be added to this
Agreement for the benefit of the Lenders under the then-existing Revolving Commitments; and

 

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(v)            in
the case of any Refinancing Term Facility:

 

(A)            the
Maturity Date of such Refinancing Term Facility shall be no earlier than the earlier of (1) the Maturity Date applicable to the applicable
Refinanced Term Loans and (2) the Latest Term Maturity Date, determined as of the date of incurrence of such Refinancing Term Facility;

 

(B)            
the Weighted Average Life to Maturity of such Refinancing Term Facility shall be no shorter than the lesser of (1) the Weighted
Average Life to Maturity of the applicable Refinanced Term Loans and (2) the longest remaining Weighted Average Life to
Maturity of any Class of Term Loans outstanding (determined after giving effect to any repayment or prepayment of Loans on such
date) as of the date of incurrence of such Refinancing Term Facility;

 

(C)            such
Refinancing Term Facility (1) shall be pari passu in right of payment and with respect to security with any then-existing
Class of Loans, (2) shall not be Guaranteed by any Person that is not a Loan Party and (3) shall not be secured by any
asset other than the Collateral;

 

(D)            such
Refinancing Term Facility may participate in any mandatory prepayment under Sections 2.11(c) and 2.11(d) on a pro rata basis
(or on a less than pro rata basis) with any then-existing Class of Term Loans; and

 

(E)             subject
to the foregoing provisions of this Section 2.23, the other terms of such Refinancing Term Facility shall be on terms and
pursuant to documentation to be determined by the Borrower and the Lenders providing such Refinancing Term Facility; provided
that except with respect to pricing, fees, premiums, rate floors and other components of yield (and any “MFN” terms),
amortization, final maturity date, prepayments (including restrictions on prepayments) and except as otherwise permitted in this
Section 2.23, the terms of such Refinancing Term Facility, if not substantially consistent with the terms of the applicable
Refinancing Term Loans, shall be reasonably acceptable to the Administrative Agent (it being agreed that any terms of such
Refinancing Term Facility that are (1) applicable only after the then-existing Latest Term Maturity Date, (2) more
favorable to the Lenders providing such Refinancing Term Facility than those applicable to any then-existing Class of Term
Loans and are then added to the Loan Documents for the benefit of the Lenders under each such then-existing Class of Term Loans
pursuant to the applicable Refinancing Amendment and/or (3) consistent with market terms and conditions (when taken as a whole)
at the time of incurrence (as determined by the Borrower in good faith) shall be deemed acceptable to the Administrative Agent); provided 
further that in the event any Refinancing Term Facility contains a financial maintenance covenant, then such financial
maintenance covenant shall be added to this Agreement for the benefit of the Lenders under each such then-existing Class of
Term Loans and Revolving Commitments.

 

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(b)            Refinancing
Facilities may be provided by any existing Lender or by any other Eligible Assignee (each, a “Refinancing Lender”);
provided that (i) except as the Borrower and such Lender may separately agree, no existing Lender shall be obligated to provide
any Refinancing Commitment, and the determination to provide any Refinancing Commitment shall be within the sole and absolute discretion
of such Lender (it being agreed that the Borrower shall not be obligated to offer the opportunity to any Lender to participate in any
Refinancing Facility), and (ii) the Administrative Agent (and, in the case of any Refinancing Revolving Facility or any Refinancing
Increase with respect to any Revolving Commitments, each Issuing Bank and each Swingline Lender) shall have a right to consent (such consent
not to be unreasonably withheld, conditioned or delayed) to the relevant Refinancing Lender’s provision of Refinancing Commitments
solely if such consent would be required under Section 9.04(b) for an assignment of Loans of the applicable Class to such
Refinancing Lender; provided, further, that any Refinancing Lender that is an Affiliated Lender shall be subject to the provisions
of Section 9.04(e), mutatis mutandis, to the same extent as if its interest in any Refinancing Facility had been acquired
by such Refinancing Lender by way of assignment.

 

(c)            Each
Refinancing Lender providing a portion of any Refinancing Facility shall execute and deliver to the Administrative Agent and the Borrower
all such documentation (including the relevant Refinancing Amendment) as may be reasonably required by the Administrative Agent to evidence
and effectuate such Refinancing Facility. On the effective date of such Refinancing Facility, each Refinancing Lender that is not then
a Lender shall become a Lender for all purposes in connection with this Agreement.

 

(d)            As
conditions precedent either to the effectiveness of any Refinancing Facility or to the making of any Loans thereunder (as set forth in
the applicable Refinancing Amendment), (i) the Administrative Agent shall be entitled to receive such customary written opinions
of counsel, customary secretary’s certificates, customary officer’s certificates, customary reaffirmation agreements and customary
supplements and/or amendments to the Security Documents as it shall reasonably request, (ii) the Administrative Agent shall be entitled
to receive, from each Refinancing Lender that is not then a Lender, an Administrative Questionnaire and such other documents as it shall
reasonably request from such Refinancing Lender, (iii) the Administrative Agent and the Refinancing Lenders shall be entitled to
receive all fees required to be paid in respect of such Refinancing Facility or Loans pursuant to agreements separately agreed to by the
Borrower and (iv) in the case of the making of any Loans under any Refinancing Facility, the Administrative Agent shall have received
a Borrowing Request (it being understood that such Borrowing Request shall not be required to contain any representation, warranty or
certification).

 

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(e)            The
Lenders hereby irrevocably authorize the Administrative Agent to enter into any Refinancing Amendment and/or any amendment to this
Agreement or any other Loan Document as may be necessary or appropriate, in the reasonable opinion of the Administrative Agent and
the Borrower, to give effect to the provisions of this Section 2.23, including any amendments necessary to establish new
Classes of Loans and Commitments hereunder (including for purposes of prepayments and voting) or to reflect an increase in any
existing Class of Loans and Commitments and any technical amendments relating thereto, in each case, on terms consistent with
this Section 2.23, it being understood that neither any Refinancing Amendment nor any such other amendment shall require the
approval of any existing Lender, other than in its capacity, if any, as a Refinancing Lender providing all or part of the applicable
Refinancing Facility.

 

(f)             Notwithstanding
anything to the contrary in this Section 2.23 or in any other provision of any Loan Document, the availability of any Refinancing
Facility shall be subject to such other conditions as shall be agreed by the Borrower and the Refinancing Lenders providing such Refinancing
Facility.

 

SECTION 2.24         Extensions
and Modifications.

 

(a)            Notwithstanding
anything to the contrary in this Agreement, pursuant to one or more offers (each, an “Extension/Modification Offer”)
made from time to time by the Borrower to all Lenders holding Loans or Commitments of any Class, in each case on a pro rata basis (based
on the aggregate outstanding principal amount of the Loans or Commitments of such Class) and on the terms offered on the same basis to
each such Lender, the Borrower is hereby permitted to consummate transactions with any individual Lender that accepts the terms contained
in the relevant Extension/Modification Offer to extend the Maturity Date of all or a portion of such Lender’s Loans and/or Commitments
of such Class and/or otherwise to modify the terms of all or a portion of such Lender’s Loans and/or Commitments of such Class pursuant
to the terms of the relevant Extension/Modification Offer (including by increasing the interest rate or fees payable in respect of such
Loans and/or Commitments (and related outstandings) and/or modifying the amortization schedule, if any, in respect of such Loans) (each,
an “Extension/Modification”); it being understood that any Extended/Modified Term Loans shall constitute a separate
Class of Loans from the Class of Loans from which they were converted and any Extended/Modified Revolving Commitments shall
constitute a separate Class of Revolving Commitments from the Class of Revolving Commitments from which they were converted;
provided that the following terms are satisfied:

 

(i)             except
as to (A) pricing, fees, rate floors and/or final maturity (which shall, subject to clause (iii) below, be determined by
the Borrower and any Lender that agrees to the Extension/Modification of its Revolving Commitment of the applicable Class and
set forth in the relevant Extension/Modification Offer), (B) terms applicable to such Extended/Modified Revolving Commitments
or Extended/Modified Revolving Loans that are more favorable to the Lenders holding such Extended/Modified Revolving Commitments or
Extended/Modified Revolving Loans than those contained in the Loan Documents and are then added to the Loan Documents for the
benefit of all the Revolving Lenders pursuant to the applicable Extension/Modification Amendment, and (C) any covenants or
other provisions applicable only to periods after the Latest Revolving Maturity Date (in each case, as of the date of effectiveness
of such Extension/Modification), the Revolving Commitment of the applicable Class of any Lender that agrees to such
Extension/Modification Offer with respect to such Commitment (an “Extended/Modified Revolving Commitment”; and
the Loans thereunder, “Extended/Modified Revolving Loans”), and the related outstandings, shall have terms
substantially consistent with (or terms not less favorable to existing Revolving Lenders of such Class than) the terms of the
Class of Revolving Commitments subject to the relevant Extension/Modification Offer (and related outstandings); provided
that if more than one Revolving Facility exists after giving effect to any such Extension/Modification, (1) the borrowing and
repayment (except for (x) payments of interest and fees at different rates on the Revolving Facilities (and related
outstandings), (y) repayments required on the Maturity Date of any Revolving Facility and (z) repayments made in
connection with a permanent repayment and termination of Revolving Commitments under any Revolving Facility (subject to clause
(3) below)) of Revolving Loans under any Revolving Facility after the effective date of such Extended/Modified Revolving
Commitments shall be made on a pro rata basis with all other Revolving Facilities, (2) all Letters of Credit and Swingline
Loans shall be participated on a pro rata basis by all Revolving Lenders accordance with their respective Applicable Percentages and
(3) any permanent repayment of Revolving Loans with respect to, and reduction or termination of Revolving Commitments under,
any Revolving Facility after the effective date of such Extended/Modified Revolving Commitments shall be made on a pro rata basis
with all other Revolving Facilities, except that the Borrower shall be permitted to permanently repay Revolving Loans and terminate
Revolving Commitments under any Revolving Facility on a greater than pro rata basis as compared to any other Revolving Facilities
with a later Maturity Date than such Revolving Facility;

 

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(ii)            except
as to (A) pricing, fees, premiums, rate floors and other components of yield (and any “MFN” terms), amortization, final
maturity date, prepayments and participation in prepayments (which shall, subject to clauses (iii), (iv) and (v) below, be determined
by the Borrower and any Lender that agrees to the Extension/Modification of its Term Loans of the applicable Class and set forth
in the relevant Extension/Modification Offer), (B) terms applicable to such Extended/Modified Term Loans (as defined below) that
are more favorable to the Lenders of such Extended/Modified Term Loans than those contained in the Loan Documents and are then added to
the Loan Documents for the benefit of all the Term Lenders pursuant to the applicable Extension/Modification Amendment and (C) any
covenants or other provisions applicable only to periods after the Latest Term Maturity Date (in each case, as of the date of effectiveness
of such Extension/Modification), the Term Loans of the applicable Class of any Lender that are extended or otherwise modified pursuant
to any Extension/Modification (any such Term Loans, the “Extended/Modified Term Loans”) shall have terms substantially
consistent with (or terms not less favorable to existing Term Lenders of such Class than) the terms of the Class of Term Loans
subject to the relevant Extension/Modification Offer or market terms and conditions (when taken as a whole) at the time of the applicable
Extension/Modification (in each case, as determined by the Borrower in good faith);

 

(iii)            (A) the
Maturity Date of any Extended/Modified Term Loans shall be no earlier than the Maturity Date of the Class of Term Loans subject to
the relevant Extension/Modification Offer at the time of the effectiveness of the applicable Extension/Modification and (B) the Maturity
Date of any Extended/Modified Revolving Commitments or Extended/Modified Revolving Loans shall be no earlier than (and there shall be
no required reductions of any Extended/Modified Revolving Commitments prior to) the Maturity Date of the Revolving Facility subject to
the relevant Extension/Modification Offer at the time of the effectiveness of the applicable Extension/Modification;

 

(iv)            the
Weighted Average Life to Maturity of any Extended/Modified Term Loans shall be no shorter than the remaining Weighted Average Life to
Maturity of the Class of Term Loans subject to the relevant Extension/Modification Offer at the time of the effectiveness of the
applicable Extension/Modification;

 

(v)            any
Extended/Modified Term Loans may participate in any mandatory prepayment under Sections 2.11(c) and 2.11(d) on a pro rata basis
(or on less than pro rata basis, but not on a greater than pro rata basis) with any then-existing Class of Term Loans;

 

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(vi)           (1) all
Extended/Modified Term Loans and Extended/Modified Revolving Loans shall be pari passu in right of payment and with respect to
security with any then-existing Class of Loans and (2) no Extended/Modified Term Loans or Extended/Modified Revolving Loans
may be (x) Guaranteed by any Person that is not a Loan Party or (y) secured by any assets other than the Collateral;

 

(vii)          if
the aggregate principal amount of Loans or Commitments, as the case may be, in respect of which Lenders have accepted the relevant Extension/Modification
Offer exceed the maximum aggregate principal amount of Loans or Commitments, as the case may be, offered to be extended or modified by
the Borrower pursuant to such Extension/Modification Offer, then the Loans or Commitments, as the case may be, of such Lenders shall be
extended or modified ratably up to such maximum amount based on the respective principal amounts (but not to exceed the applicable Lender’s
actual holdings of record) with respect to which such Lenders have accepted such Extension/Modification Offer;

 

(viii)         no
Extension/Modification of any Revolving Facility shall be effective as to the obligations of any Issuing Bank with respect to Letters
of Credit or of any Swingline Lender with respect to Swingline Loans without the consent of such Issuing Bank or such Swingline Lender,
as the case may be (and, in the absence of such consent, all references herein to the Revolving Availability Period or the Maturity Date
(or the component definitions thereof), as applied to such Issuing Bank or Swingline Lender, and its obligations hereunder, shall be determined
without giving effect to such Extension/Modification).

 

(b)            (i) No
Extension/Modification consummated in reliance on this Section 2.24 shall constitute a voluntary or mandatory prepayment for purposes
of Section 2.11, (ii) the scheduled amortization payments (insofar as such Extension/Modification affects payments due to Lenders
participating in the relevant Class) set forth in Section 2.10 shall be adjusted to give effect to any Extension/Modification of
any Class of Loans and/or Commitments and (iii) no Extension/Modification Offer is required to be in any minimum amount or any
minimum increment; provided that the Borrower may at its election specify as a condition (a “Minimum Extension/Modification
Condition”) to the consummation of any Extension/Modification that a minimum amount (to be specified in the relevant Extension/Modification
Offer in the Borrower’s sole discretion) of Loans or Commitments (as applicable) of any or all applicable Classes be tendered; it
being understood that the Borrower may, in its sole discretion, waive any such Minimum Extension/Modification Condition.

 

(c)            The
Lenders hereby irrevocably authorize the Administrative Agent to enter into any Extension/Modification Amendment and/or any amendment
to this Agreement or any other Loan Document as may be necessary or appropriate, in the reasonable opinion of the Administrative Agent
and the Borrower, to give effect to the provisions of this Section 2.24, including any amendments necessary to establish new Classes
of Loans and Commitments hereunder (including for purposes of prepayments and voting) or to reflect an increase in any existing Class of
Loans and Commitments and any technical amendments relating thereto, in each case, on terms consistent with this Section 2.24, in
being understood that neither any Extension/Modification Amendment nor any such other amendment shall require the approval of any existing
Lender, other than the consent of each Lender agreeing to the applicable Extension/Modification and, to the extent set forth in paragraph
(a)(viii) above, the consent of each Issuing Bank and each Swingline Lender.

 

(d)            In
connection with any Extension/Modification, the Borrower shall provide the Administrative Agent at least five Business Days’
(or such shorter period as may be agreed by the Administrative Agent) prior written notice thereof, and shall agree to such
procedures (including regarding timing, rounding and other adjustments and to ensure reasonable administrative management of the
Credit Facilities hereunder after such Extension/Modification), if any, as may be established by, or acceptable to, the
Administrative Agent, in each case, acting reasonably to accomplish the purposes of this Section 2.24.

 

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ARTICLE III

REPRESENTATIONS AND WARRANTIES

 

Each of Holdings and the Borrower represents and
warrants to the Lenders and the Issuing Banks that:

 

SECTION 3.01         Organization;
Powers. Each of Holdings, the Intermediate Parents, the Borrower and the Subsidiaries is duly organized, validly existing and in good
standing (to the extent such concept exists in the relevant jurisdictions) under the laws of the jurisdiction of its organization, has
the corporate or other organizational power and authority to carry on its business as now conducted and as proposed to be conducted and,
in the case of Loan Parties, to execute, deliver and perform its obligations under each Loan Document to which it is a party and to effect
the Financing Transactions and, except where the failure to do so, individually or in the aggregate, could not reasonably be expected
to result in a Material Adverse Effect, is qualified to do business in, and is in good standing in, every jurisdiction where such qualification
is required.

 

SECTION 3.02         Authorization;
Enforceability. The Financing Transactions to be entered into by each Loan Party have been duly authorized by all necessary corporate
or other action and, if required, action by the holders of such Loan Party’s Equity Interests. This Agreement has been duly executed
and delivered by each of Holdings and the Borrower and constitutes, and each other Loan Document to which any Loan Party is to be a party,
when executed and delivered by such Loan Party, will constitute, a legal, valid and binding obligation of Holdings, the Borrower or such
Loan Party, as the case may be, enforceable against it in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization,
moratorium or other laws affecting creditors’ rights generally and subject to general principles of equity, regardless of whether
considered in a proceeding in equity or at law.

 

SECTION 3.03         Governmental
Approvals; No Conflicts. The Financing Transactions (a) do not require any consent or approval of, registration or filing with,
or any other action by, any Governmental Authority, except such as have been obtained or made and are in full force and effect and except
filings necessary to perfect Liens created under the Loan Documents, (b) will not violate (i) the Organizational Documents of,
or (ii) any law applicable to, Holdings, any Intermediate Parent, the Borrower or any Subsidiary, (c) will not violate or result
in a default under any indenture or other agreement or instrument binding upon Holdings, any Intermediate Parent, the Borrower or any
Subsidiary or their respective assets, or give rise to a right thereunder to require any payment, repurchase or redemption to be made
by Holdings, any Intermediate Parent, the Borrower or any Subsidiary, or give rise to a right of, or result in, termination, cancellation
or acceleration of any obligation thereunder and (d) will not result in the creation or imposition of any Lien on any asset of Holdings,
any Intermediate Parent, the Borrower or any Subsidiary, except Liens created under the Loan Documents, except (in the case of each of
clauses (a), (b)(ii) and (c)) to the extent that the failure to obtain or make such consent, approval, registration, filing or action,
or such violation, default or other consequence, as the case may be, individually or in the aggregate, could not reasonably be expected
to have a Material Adverse Effect.

 

SECTION 3.04         Financial
Condition; No Material Adverse Effect.

 

(a)            The
audited consolidated balance sheet of the Borrower and its Subsidiaries as of December 31, 2020, and the related consolidated
statements of operations, shareholders’ equity and cash flows of the Borrower and its Subsidiaries for the fiscal year then
ended, (i) were prepared in accordance with GAAP consistently applied throughout the period covered thereby, except as
otherwise expressly noted therein, and (ii) fairly present the financial position of the Borrower and its Subsidiaries as of
the date thereof and their results of operations and cash flows for the period covered thereby in accordance with GAAP consistently
applied throughout the period covered thereby, except as otherwise expressly noted therein.

 

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(b)            The
unaudited consolidated balance sheet of the Borrower and its Subsidiaries as of March 31, 2021 and the related consolidated statements
of operations, shareholders’ equity and cash flows of the Borrower and its Subsidiaries for the fiscal quarter ended on that date
(i) were prepared in accordance with GAAP consistently applied throughout the period covered thereby, except as otherwise expressly
noted therein, and (ii) fairly present the financial position of the Borrower and its Subsidiaries as of the date thereof and their
results of operations and cash flows for the period covered thereby, subject, in the case of clauses (i) and (ii), to the absence
of footnotes and to normal year-end audit adjustments.

 

(c)            Since
December 31, 2020, there has been no event, circumstance or condition that has had, or would reasonably be expected to have, a Material
Adverse Effect.

 

SECTION 3.05         Properties.
Each of Holdings, the Intermediate Parents, the Borrower and the Subsidiaries has good title to all the Mortgaged Properties, except for
minor defects in title that do not interfere with its ability to conduct its business as currently conducted or as proposed to be conducted
or to utilize such properties for their intended purposes and except where the failure to do so could not reasonably be expected to have,
individually or in the aggregate, a Material Adverse Effect.

 

SECTION 3.06         Litigation
and Environmental Matters.

 

(a)            Except
as set forth in Schedule 3.06, there are no actions, suits or proceedings by or before any arbitrator or Governmental Authority pending
against or, to the knowledge of Holdings or the Borrower, threatened in writing against or affecting Holdings, any Intermediate Parent,the
Borrower or any Subsidiary that could reasonably be expected, individually or in the aggregate, to result in a Material Adverse Effect.

 

(b)            Except
with respect to any other matters that, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse
Effect, none of Holdings, any Intermediate Parent, the Borrower or any Subsidiary (i) has failed to comply with any Environmental
Law or to obtain, maintain or comply with any permit, license or other approval required under any Environmental Law, (ii) has, to
the knowledge of Holdings or the Borrower, become subject to any Environmental Liability, (iii) has received written notice of any
claim with respect to any Environmental Liability, or (iv) has, to the knowledge of Holdings or the Borrower, any basis to reasonably
expect that Holdings, any Intermediate Parent, the Borrower or any Subsidiary will become subject to any Environmental Liability, or (v) currently
owns, leases or operates, or to the knowledge of Holdings or the Borrower, has formerly owned, leased or operated any properties which
contain or where there has been a Release or threat of Release of any Hazardous Materials in amounts or concentrations which constitute
a violation of, or require investigation, response or other corrective action by Holdings, any Intermediate Parent, the Borrower or any
Subsidiary under, applicable Environmental Laws. To the knowledge of Holdings or the Borrower, all Hazardous Materials transported from
any property currently or formerly owned or operated by any of Holdings, any Intermediate Parent, the Borrower or any Subsidiary for off-site
disposal have been disposed of in a manner which would not reasonably be expected to result, individually or in the aggregate, in a Material
Adverse Effect.

 

SECTION 3.07         Compliance
with Laws and Agreements. Each of Holdings, the Intermediate Parents, the Borrower and its Subsidiaries is in material
compliance with (a) its Organizational Documents, (b) all laws applicable to it or its property and (c) all
indentures and other agreements and instruments binding upon it or its property, except, in the case of clauses (b) and
(c) of this Section, where the failure to do so, individually or in the aggregate, could not reasonably be expected to result
in a Material Adverse Effect.

 

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SECTION 3.08         Investment
Company Status. None of the Loan Parties is required to register as an “investment company” as defined in, or subject
to regulation under, the Investment Company Act of 1940, as amended from time to time.

 

SECTION 3.09         Taxes.
Except for failures that could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect, Holdings,
each Intermediate Parent, the Borrower and each Subsidiary (a) have timely filed or caused to be filed all Tax returns and reports
required to have been filed and (b) have paid or caused to be paid all Taxes levied or imposed on it or its properties, income or
assets (whether or not shown on a Tax return) including in their capacity as tax withholding agents, except any Taxes that are being contested
in good faith by appropriate proceedings, provided that Holdings, such Intermediate Parent, the Borrower or such Subsidiary, as
the case may be, has set aside on its books adequate reserves therefor in accordance with GAAP.

 

There is no current, pending or proposed Tax assessment,
deficiency or other claim against Holdings, any Intermediate Parent, the Borrower or any Subsidiary except (i) those being actively
contested by Holdings, such Intermediate Parent, the Borrower or such Subsidiary in good faith and by appropriate proceedings diligently
conducted that stay the enforcement of the Tax in question and for which adequate reserves have been provided in accordance with GAAP
or (ii) those that would not reasonably be expected to, individually or in the aggregate, have a Material Adverse Effect.

 

SECTION 3.10         ERISA.

 

(a)            Except
as could not, 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.

 

(b)            Except
as could not reasonably be expected, individually or in the aggregate, to result in a Material Adverse Effect, (i) no ERISA Event
has occurred or is reasonably expected to occur, (ii) no Loan Party nor any ERISA Affiliate has incurred, or reasonably expects to
incur, any liability under Title IV of ERISA with respect to any Plan (other than premiums due and not delinquent under Section 4007
of ERISA), (iii) no 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 Sections 4201 or
4243 of ERISA with respect to a Multiemployer Plan and (iv) no Loan Party nor any ERISA Affiliate has engaged in a transaction that
could be subject to Section 4069 or 4212(c) of ERISA.

 

SECTION 3.11         Disclosure.
None of the reports, financial statements, certificates or other written information (other than information of a general industry or
economic nature) furnished by or on behalf of any Loan Party to the Administrative Agent or any Lender in connection with the negotiation
of any Loan Document or delivered thereunder (as modified or supplemented by other information so furnished) when taken as a whole contains
any material misstatement of fact or omits to state any material fact necessary to make the statements therein, in the light of the circumstances
under which they were made, not materially misleading; provided that, with respect to projected financial information or forward-looking
statements, Holdings and the Borrower represent only that such information was prepared in good faith based upon assumptions believed
by them to be reasonable at the time delivered and, if such projected financial information was delivered prior to the Effective Date,
as of the Effective Date, it being understood that any such projected financial information is not a guarantee of financial performance,
that it may vary from actual results and such variations could be material.

 

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SECTION 3.12         Subsidiaries.
As of the Effective Date, Schedule 3.12 sets forth the name of, and the ownership interest of Holdings, the Borrower and each Subsidiary
in, each of their respective subsidiaries.

 

SECTION 3.13         Intellectual
Property; Licenses, Etc. Holdings, the Intermediate Parents, the Borrower and its Subsidiaries own, license or possess the right to
use, all Intellectual Property that is reasonably necessary for the operation of their businesses as currently conducted, without conflict
with the Intellectual Property of any Person, except to the extent such conflicts, individually or in the aggregate, could not reasonably
be expected to have a Material Adverse Effect. No Intellectual Property used by Holdings, any Intermediate Parent, the Borrower or any
Subsidiary in the operation of its business as currently conducted infringes upon any rights held by any Person except for such infringements
which, individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect. No claim or litigation regarding
any of the Intellectual Property is pending or, to the knowledge of Holdings and the Borrower, threatened against Holdings, any Intermediate
Parent, the Borrower or any Subsidiary, which, individually or in the aggregate, could reasonably be expected to have a Material Adverse
Effect.

 

SECTION 3.14         Solvency.
Immediately after the consummation of the Transactions to occur on the Effective Date, after taking into account all applicable rights
of indemnity and contribution, (a) the fair value of the assets of Holdings, the Borrower and their subsidiaries, taken as a whole,
at a fair valuation, will exceed their debts and liabilities, subordinated, contingent or otherwise, (b) the present fair saleable
value of the property of Holdings, the Borrower and their subsidiaries, taken as a whole, will be greater than the amount that will be
required to pay the probable liability of their debts and other liabilities, subordinated, contingent or otherwise, as such debts and
other liabilities become absolute and matured, (c) Holdings, the Borrower and their subsidiaries, taken as a whole, will be able
to pay their debts and liabilities, subordinated, contingent or otherwise, as such debts and liabilities become absolute and matured,
and (d) Holdings, the Borrower and their subsidiaries, taken as a whole, will not have unreasonably small capital with which to conduct
the business in which they are engaged as such business is now conducted and is proposed to be conducted following the Effective Date.
For purposes of this Section 3.14, the amount of any contingent liability at any time shall be computed as the amount that, in the
light of all of the facts and circumstances existing at such time, represents the amount that could reasonably be expected to become an
actual or matured liability.

 

SECTION 3.15         Senior
Indebtedness. The Loan Document Obligations constitute “Senior Indebtedness” (or any comparable term) under and as defined
in the documentation governing any Indebtedness that is subordinated in right of payment to other Indebtedness of any Loan Party.

 

SECTION 3.16         Federal
Reserve Regulations. None of Holdings, any Intermediate Parent, the Borrower or any Subsidiary is engaged or will engage, principally
or as one of its important activities, in the business of purchasing or carrying Margin Stock or extending credit for the purpose of purchasing
or carrying Margin Stock. No part of the proceeds of the Loans will be used, directly or indirectly, to purchase or carry any Margin Stock
or to refinance any Indebtedness originally incurred for such purpose, or for any other purpose that entails a violation (including on
the part of any Lender) of the provisions of Regulations U or X of the Board of Governors.

 

SECTION 3.17         Use
of Proceeds. The Borrower will use the proceeds of (a) the Initial Term Loans made on the Effective Date, together with cash
on hand of the Borrower, to effect the Refinancing and to pay the Transaction Costs, (b) the Term Loans made after the Effective
Date solely for the purposes set forth in the applicable Incremental Term Facility Amendment or Refinancing Amendment and (c) the
Revolving Loans and Swingline Loans made on or after the Effective Date to fund working capital requirements and for other general corporate
purposes.

 

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SECTION 3.18         Sanctions
Laws; USA Patriot Act. None of Holdings, any Intermediate Parent, the Borrower or any Subsidiary or, to the knowledge of Holdings
or the Borrower, any of their Affiliates (including CWH) or any director, officer, agent or employee of Holdings, any Intermediate Parent,
the Borrower, the Subsidiaries or any of their Affiliates (including CWH) is a Person, government or country with whom transactions or
dealings would be prohibited under any of the sanctions administered or enforced by the U.S. Department of the Treasury (including the
Office of Foreign Assets Control), the U.S. Department of Commerce, the U.S. Department of State, the European Union, Her Majesty’s
Treasury or any other relevant sanctions authority with jurisdiction over such Person (collectively “Sanctions”), nor
is any of Holdings, any Intermediate Parent, the Borrower, the Subsidiaries or any of their Affiliates (including CWH) located, organized,
resident, doing business or conducting transactions with the government of, or Persons within, a country or territory that is the subject
of Sanctions. No part of the proceeds of the Loans will be used directly or, to the knowledge of the Borrower, indirectly, (i) to
fund any activities of or business with any Person that, at the time of such funding, is the subject of Sanctions, or in any country or
territory that, at the time of such funding or facilitation, is the subject of Sanctions, or (ii) in any other manner that will result
in a violation by any Person (including any Person participating in the transaction, whether as Lender, the Administrative Agent or otherwise)
of Sanctions. Holdings, the Intermediate Parents, the Borrower and its Subsidiaries and, to the knowledge of Holdings and the Borrower,
any of their Affiliates (including CWH) and the directors, officers, agents and employees of Holdings, any Intermediate Parent, the Borrower,
the Subsidiaries or any of their Affiliates (including CWH), are in compliance in all material respects with the USA Patriot Act.

 

SECTION 3.19         No
Unlawful Contributions or Other Payments. Holdings, the Intermediate Parents, the Borrower and the Subsidiaries and, to the knowledge
of Holdings and the Borrower, any of their Affiliates (including CWH) and the directors, officers, agents and employees of Holdings, any
Intermediate Parent, the Borrower, the Subsidiaries or any of their Affiliates (including CWH), are in compliance in all material respects
with the Foreign Corrupt Practices Act of 1977, as amended, and rules and regulations thereunder and the UK Bribery Act (collectively,
 “Anti-Corruption Laws”). No part of the proceeds of the Loans will be used directly or, to the knowledge of the Borrower,
indirectly, for any payments to any governmental official or employee, political party, official of a political party, candidate for political
office, or anyone else acting in an official capacity, in order to obtain, retain or direct business or obtain any improper advantage,
in violation of any Anti-Corruption Law.

 

ARTICLE IV

CONDITIONS

 

SECTION 4.01         Effective
Date. The effectiveness of this Agreement and of the obligations of each Initial Term Lender to make the Initial Term Loans, of each
Initial Revolving Lender to make Initial Revolving Loans, of each Swingline Lender to make Swingline Loans and of each Issuing Bank to
issue Letters of Credit are subject to each of the following conditions, each of which shall be satisfied (or waived in accordance with
Section 9.02):

 

(a)            The
Administrative Agent shall have received from each party hereto a counterpart of this Agreement signed on behalf of such party (which,
subject to Section 9.06(b), may include any Electronic Signatures transmitted by facsimile or by email as a “.pdf” or
 “.tif” attachment that reproduces an image of an actual executed signature page).

 

(b)            The
Administrative Agent shall have received a written opinion (addressed to the Administrative Agent, the Lenders and the Issuing Banks
and dated the Effective Date) of Kirkland & Ellis LLP, counsel for the Loan Parties, and local counsel in each jurisdiction
in which a Loan Party is organized, in each case in form and substance reasonably satisfactory to the Administrative Agent. Each of
Holdings and the Borrower hereby requests such counsel to deliver such opinions.

 

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(c)            The
Administrative Agent shall have received a certificate of the Borrower, dated the Effective Date, executed by any Responsible Officer
of the Borrower certifying that (i) on and as of the Effective Date, the representations and warranties of the Loan Parties set forth
in this Agreement and the other Loan Documents shall be true and correct in all material respects (or, to extent such representations
and warranties are qualified by materiality or Material Adverse Effect, in all respects) and (ii) no Default or Event of Default
shall have occurred and be continuing.

 

(d)            The
Administrative Agent shall have received a certificate of each Loan Party, dated the Effective Date, executed by a secretary, an assistant
secretary or other Responsible Officer of such Loan Party, including or attaching copies of the following: (i) each Organizational
Document of such Loan Party certified, to the extent applicable, as of a recent date by the applicable Governmental Authority, (ii) signature
and incumbency certificates of the Responsible Officers of such Loan Party executing the Loan Documents to which it is a party, (iii) resolutions
of the Board of Directors of such Loan Party approving and authorizing the execution, delivery and performance of Loan Documents to which
it is a party, certified as of the Effective Date by its secretary, an assistant secretary or a Responsible Officer as being in full force
and effect without modification or amendment, and (iv) a good standing certificate from the applicable Governmental Authority of
such Loan Party’s jurisdiction of incorporation, organization or formation.

 

(e)            The
Arrangers and the Administrative Agent shall have received all fees and other amounts previously agreed in writing by the Arrangers and
the Borrower to be due and payable to the Arrangers and the Lenders on or prior to the Effective Date, including syndication fees and,
to the extent invoiced at least two Business Days prior to the Effective Date, reimbursement or payment of all out-of-pocket expenses
(including reasonable fees, charges and disbursements of counsel) required to be reimbursed or paid by any Loan Party.

 

(f)             The
Collateral and Guarantee Requirement shall have been satisfied and the Administrative Agent shall have received a completed Perfection
Certificate dated the Effective Date and signed by a Responsible Officer of each of Holdings and the Borrower, together with all attachments
contemplated thereby.

 

(g)            The
Administrative Agent shall have received certificates of insurance in form and substance reasonably satisfactory to the Administrative
Agent evidencing the existence of insurance required to be maintained by Holdings, the Borrower and its Subsidiaries pursuant to Section 5.07,
and the Administrative Agent shall be designated as additional insured and loss payee or mortgagee as its interest may appear thereunder,
or solely as additional insured, as the case may be, thereunder (provided that if such endorsement as additional insured cannot
be delivered by the Effective Date, the Administrative Agent may consent to such endorsement being delivered at such later date as it
deems appropriate in the circumstances).

 

(h)            The
Refinancing shall have been consummated or shall be consummated substantially simultaneously with the funding of the Initial Term Loans
on the Effective Date and the Administrative Agent shall have received evidence reasonably satisfactory to it of the same.

 

(i)             The
Lenders shall have received a certificate from the chief financial officer of Holdings substantially in the form of Exhibit C
certifying as to the solvency of Holdings, the Borrower and its Subsidiaries on a consolidated basis after giving effect to the Transactions.

 

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(j)             The
Administrative Agent and the Arrangers shall have received, at least three Business Days prior to the Effective Date, (i) all documentation
and other information about the Loan Parties as shall have been requested in writing by the Administrative Agent or the Arrangers that
they shall have determined 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 (ii) if the Borrower qualifies as a “legal
entity customer” under the Beneficial Ownership Regulation, a Beneficial Ownership Certification in relation to the Borrower.

 

The Administrative Agent shall notify Holdings, the Borrower and the
Lenders of the Effective Date, and such notice shall be conclusive and binding.

 

SECTION 4.02         Each
Credit Event. The obligation of each Lender to make a Loan on the occasion of any Borrowing (other than any conversion or continuation
of any Loan), and of each Issuing Bank to issue, amend to increase the amount thereof, renew or extend any Letter of Credit, is subject
to receipt of the request therefor in accordance herewith and to the satisfaction of the following conditions:

 

(a)            The
representations and warranties of each Loan Party set forth in the Loan Documents shall be true and correct in all material respects
on and as of the date of such Borrowing or the date of issuance, such amendment, renewal or extension of such Letter of Credit, as the
case may be; provided that, to the extent that such representations and warranties specifically refer to an earlier date, they
shall be true and correct in all material respects as of such earlier date; provided  further that any representation
and warranty that is qualified as to “materiality”, “Material Adverse Effect” or similar language shall be true
and correct in all respects on the date of such Borrowing or the date of issuance, such amendment, renewal or extension of such Letter
of Credit, as the case may be.

 

(b)            At
the time of and immediately after giving effect to such Borrowing or the issuance, amendment, renewal or extension of such Letter of Credit,
as the case may be, no Default or Event of Default shall have occurred and be continuing.

 

On the date of any Borrowing (other than any conversion or continuation
of any Loan) or the issuance, amendment to increase the amount thereof, renewal or extension of any Letter of Credit, the Borrower shall
be deemed to have represented and warranted that the conditions specified in Sections 4.02(a) and 4.02(b) have been satisfied.
Notwithstanding the foregoing, the conditions set forth in this Section 4.02 shall not apply to (i) Loans under any Incremental
Term Facility or any Incremental Increase with respect to any Class of Term Loans, in each case, made in connection with any Limited
Conditionality Transaction (including in connection with any repayment or incurrence of Indebtedness in connection therewith) and/or (ii) any
extension of credit under any Extension/Modification Amendment or Refinancing Amendment unless, in each case, the Lenders in respect thereof
have required satisfaction of the same in the applicable Extension/Modification Amendment or Refinancing Amendment, as applicable.

 

ARTICLE V

AFFIRMATIVE COVENANTS

 

Until the Commitments shall have expired or been
terminated, the principal of and interest on each Loan and all fees, expenses and other amounts (other than contingent amounts not yet
due) payable under any Loan Document shall have been paid in full and all Letters of Credit shall have expired or been terminated (or
cash collateralized or backstopped pursuant to arrangements satisfactory to the relevant Issuing Bank) and all LC Disbursements shall
have been reimbursed, each of Holdings and the Borrower covenants and agrees with the Lenders and the Issuing Banks that:

 

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SECTION 5.01         Financial
Statements and Other Information. Holdings or the Borrower will furnish to the Administrative Agent, on behalf of each Lender and
the Issuing Banks:

 

(a)            on
or before the date that is 100 days after the end of each fiscal year of the Borrower, (i) an audited consolidated balance sheet
and audited consolidated statements of operations, stockholders’ equity and cash flows of the Borrower as of the end of and for
such year, and related notes thereto, setting forth in each case in comparative form the figures for the previous fiscal year, all reported
on by Deloitte & Touche LLP or any other independent registered public accounting firm of nationally recognized standing, which
report and opinion shall be prepared in accordance with generally accepted auditing standards, shall not be subject to any “going
concern” or like qualification or exception or any qualification or exception as to the scope of such audit and that such consolidated
financial statements present fairly, in all material respects, the consolidated financial position as of the end of, and results of operations
and cash flows for, such fiscal year of the Borrower and its Subsidiaries on a consolidated basis in accordance with GAAP consistently
applied and (ii) a management report setting forth a narrative report and management’s discussion and analysis of the financial
condition and results of operations of the Borrower and its Subsidiaries for such fiscal year, as compared to amounts for the previous
fiscal year;

 

(b)            on
or before the date that is 45 days after the end of each of the first three fiscal quarters of each fiscal year of the Borrower, (i) an
unaudited condensed consolidated balance sheet and unaudited condensed consolidated statements of operations, stockholders’ equity
and cash flows of the Borrower as of the end of and for such fiscal quarter and the then elapsed portion of the fiscal year, setting forth
in each case in comparative form the figures for the corresponding period or periods of (or, in the case of the balance sheet, as of the
end of) the previous fiscal year, all certified by a Financial Officer as presenting fairly, in all material respects, the consolidated
financial position as of the end of, and results of operations and cash flows for, such fiscal quarter and such portion of the fiscal
year of the Borrower and its Subsidiaries on a consolidated basis in accordance with GAAP consistently applied, subject to normal year-end
audit adjustments and the absence of footnotes, and (ii) a management report setting forth a narrative report and management’s
discussion and analysis of the financial condition and results of operations of the Borrower and its Subsidiaries for such fiscal quarter
and the then elapsed portion of the fiscal year, as compared to the comparable periods in the previous fiscal year;

 

(c)            simultaneously
with the delivery of each set of financial statements referred to in paragraphs (a) and (b) above, a certificate of a Financial
Officer (i) certifying as to whether a Default has occurred and, if a Default has occurred, specifying the details thereof and any
action taken or proposed to be taken with respect thereto and (ii) setting forth reasonably detailed calculations (A) of Consolidated
EBITDA and the Total Net Leverage Ratio for the applicable period and, with respect to any Test Period in which the Financial Performance
Covenant is applicable, demonstrating compliance with the Financial Performance Covenant and (B) in the case of financial statements
referred to in paragraph (a) above, beginning with the financial statements for the fiscal year of the Borrower ending December 31,
2022 (and only if the ECF Percentage for such fiscal year is above 0.0%), of Excess Cash Flow for such fiscal year;

 

(d)            not
later than 75 days after the commencement of each fiscal year of the Borrower, a detailed consolidated budget for the Borrower and its
Subsidiaries for such fiscal year (including a projected consolidated balance sheet and consolidated statements of projected operations,
comprehensive income and cash flows as of the end of and for such fiscal year and setting forth the material assumptions used for purposes
of preparing such budget); and

 

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(e)            promptly
following any request therefor, (i) any documentation or other information that the Administrative Agent on its own behalf or on
behalf of any Lender may reasonably request in order to comply with its ongoing obligations under applicable “know your customer”
and anti-money laundering rules and regulations, including, without limitation, the USA Patriot Act and the Beneficial Ownership
Regulation, and (ii) such other information regarding the operations, business affairs and financial condition of Holdings, any Intermediate
Parent, the Borrower or any of its Subsidiaries, or compliance with the terms of any Loan Document, as the Administrative Agent on its
own behalf or on behalf of any Lender may reasonably request in writing.

 

Notwithstanding the foregoing, the obligations in
paragraphs (a) and (b) of this Section 5.01 may be satisfied with respect to financial information of the Borrower and
its Subsidiaries by furnishing reports on Form 10-K or 10-Q (or the equivalent), as applicable, of the Borrower, CWH or any other
parent company of the Borrower filed with the SEC and containing such information; provided that (i) to the extent such information
relates to CWH or another parent company of the Borrower, such information includes consolidating information, which may be unaudited,
that explains in reasonable detail the differences between the information relating to CWH or such other parent company, on the one hand,
and the information relating to the Borrower and its Subsidiaries on a standalone basis, on the other hand, (ii) to the extent such
information is in lieu of information required to be provided under Section 5.01(a), such materials are accompanied by a report and
opinion of Deloitte & Touche LLP or any other independent registered public accounting firm of nationally recognized standing,
which report and opinion shall be prepared in accordance with generally accepted auditing standards, shall not be subject to any “going
concern” or like qualification or exception or any qualification or exception as to the scope of such audit and shall contain the
statements required by paragraph (a) above as if references therein to the Borrower were references to CWH or such other parent company
and (iii) such information (to the extent such information is in lieu of information required to be provide under Section 5.01(b))
and the consolidating information referred to in clause (i) above shall be certified by a Financial Officer to the effect that such
consolidated financial statements or consolidating information present fairly in all material respects the consolidated financial position
as of the end of the applicable fiscal period, and consolidated results of operations and cash flows for such fiscal period, of CWH or
such other parent company or of the Borrower, as the case may be, in accordance with GAAP consistently applied subject, in the case of
quarterly financial statements, to the absence of footnotes and to normal year-end adjustments.

 

Documents required to be delivered pursuant to Section 5.01(a) or
5.01(b) (to the extent any such documents are included in materials otherwise filed with the SEC) 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 9.01 (or otherwise notified
pursuant to Section 9.01(d)), or (ii) on which such documents are posted on the Borrower’s behalf on an Internet or intranet
website, if any, to which each Lender and Issuing Bank and the Administrative Agent have access (whether a commercial, third-party website
or whether sponsored by the Administrative Agent); provided that: (A) the Borrower shall deliver paper copies of such documents
to the Administrative Agent upon its reasonable request until a written notice to cease delivering paper copies is given by the Administrative
Agent and (B) the Borrower shall notify the Administrative Agent (by facsimile or electronic mail) of the posting of any such documents
and upon its reasonable request, provide to the Administrative Agent by electronic mail electronic versions (i.e., soft copies) of such
documents. The Administrative Agent shall have no obligation to request the delivery of or maintain paper copies of the documents referred
to above, and each Lender and Issuing Bank shall be solely responsible for timely accessing posted documents and maintaining its copies
of such documents.

 

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The Borrower hereby acknowledges that (a) the
Administrative Agent and/or the Arrangers will make available to the Lenders and the Issuing Banks materials and/or information provided
by or on behalf of the Loan Parties hereunder (collectively, “Borrower Materials”) by posting the Borrower Materials
on IntraLinks, SyndTrak or another similar electronic system (the “Platform”) and (b) certain of the Lenders (each,
a “Public Lender”) may have personnel who do not wish to receive Private-Side Information. The Borrower hereby agrees
that it will identify in writing that portion of the Borrower Materials that may be distributed to the Public Lenders and that (i) 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, (ii) by marking Borrower Materials “PUBLIC”, the Borrower shall
be deemed to have authorized the Administrative Agent, the Arrangers, the Issuing Banks and the Lenders to treat such Borrower Materials
as not containing any Private-Side Information (provided, however, that to the extent such Borrower Materials constitute Information,
they shall be treated as set forth in Section 9.12), (iii) all Borrower Materials marked “PUBLIC” are permitted
to be made available through a portion of the Platform designated “Public Side Information”, and (iv) the Administrative
Agent and the Arrangers shall be entitled to treat any Borrower Materials that are not marked “PUBLIC” as being suitable only
for posting on a portion of the Platform not designated “Public Side Information”.

 

SECTION 5.02         Notices
of Material Events. Promptly after any Responsible Officer of Holdings or the Borrower obtains actual knowledge thereof, Holdings
or the Borrower will furnish to the Administrative Agent (for distribution to each Lender and the Issuing Banks through the Administrative
Agent) written notice of the following:

 

(a)            the
occurrence of any Default;

 

(b)            to
the extent permissible by law, the filing or commencement of any action, suit or proceeding by or before any arbitrator or Governmental
Authority against or, to the knowledge of a Financial Officer or another executive officer of Holdings, the Borrower or any Subsidiary,
affecting CWH, Holdings, any Intermediate Parent, the Borrower or any Subsidiary or the receipt of a notice of an Environmental Liability
that could reasonably be expected to result in a Material Adverse Effect; and

 

(c)            the
occurrence of any ERISA Event that could reasonably be expected, individually or in the aggregate, to result in a Material Adverse Effect.

 

Each notice delivered under this Section shall be accompanied
by a written statement of a Responsible Officer of Holdings or the Borrower setting forth the details of the event or development requiring
such notice and any action taken or proposed to be taken with respect thereto.

 

SECTION 5.03         Information
Regarding Collateral.

 

(a)            Holdings
or the Borrower will furnish to the Administrative Agent prompt (and in any event within 30 days or such longer period as reasonably agreed
to by the Administrative Agent) written notice of any change in (i) any Loan Party’s legal name (as set forth in its certificate
of organization or like document), (ii) the jurisdiction of incorporation or organization of any Loan Party or in the form of its
organization, (iii) any Loan Party’s organizational identification number or (iv) the location of any Loan Party’s
chief executive office.

 

(b)            Not
later than five days after delivery of financial statements pursuant to Section 5.01(a) or 5.01(b), Holdings or the
Borrower shall deliver to the Administrative Agent a certificate executed by a Responsible Officer of Holdings or the Borrower
(i) setting forth the information required pursuant to Sections 1(a), 4, 5, 6, 7 and 8 of the Perfection Certificate or
confirming that there has been no change in such information since the date of the Perfection Certificate delivered on the Effective
Date or the date of the most recent certificate delivered pursuant to this Section, (ii) identifying any Wholly Owned
Subsidiary that has become, or ceased to be, a Material Subsidiary during the most recently ended fiscal quarter and
(iii) certifying that all notices required to be given prior to the date of such certificate by Section 5.11 have been
given.

 

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SECTION 5.04         Existence;
Conduct of Business. Each of Holdings and the Borrower will, and will cause each Intermediate Parent and Subsidiary to, do or cause
to be done all things necessary to obtain, preserve, renew and keep in full force and effect its legal existence and the rights, licenses,
permits, privileges, franchises, patents, copyrights, trademarks and trade names, in each case that are material to the conduct of its
business, except to the extent (other than with respect to the preservation of the existence of Holdings and the Borrower) that the failure
to do so could not reasonably be expected to have a Material Adverse Effect; provided that the foregoing shall not prohibit any
merger, consolidation, liquidation or dissolution permitted under Section 6.03 or any Disposition permitted by Section 6.05.

 

SECTION 5.05         Payment
of Taxes, etc. Each of Holdings and the Borrower will, and will cause each Intermediate Parent and Subsidiary to, pay its obligations
and liabilities in respect of Taxes (including in its capacity as a withholding agent) levied or imposed upon it or its properties, income
or assets, before the same shall become delinquent or in default, except to the extent (i) any such Taxes are being contested in
good faith and by appropriate proceedings and for which adequate reserves have been provided in accordance with GAAP or (ii) the
failure to make payment could not reasonably be expected, individually or in the aggregate, to result in a Material Adverse Effect.

 

SECTION 5.06         Maintenance
of Properties. Each of Holdings and the Borrower will, and will cause each Intermediate Parent and Subsidiary to, keep and maintain
all property material to the conduct of its business in good working order and condition (subject to casualty, condemnation and ordinary
wear and tear), except where the failure to do so could not reasonably be expected to have, individually or in the aggregate, a Material
Adverse Effect.

 

SECTION 5.07         Insurance.

 

(a)            Each
of Holdings and the Borrower will, and will cause each Intermediate Parent and Subsidiary to, maintain, with insurance companies that
Holdings believes (in the good faith judgment of the management of Holdings) are financially sound and responsible at the time the relevant
coverage is placed or renewed, insurance in at least such amounts (after giving effect to any self-insurance which Holdings believes (in
the good faith judgment of management of Holdings) is reasonable and prudent in light of the size and nature of its business) and against
at least such risks (and with such risk retentions) as Holdings believes (in the good faith judgment or the management of Holdings) are
reasonable and prudent in light of the size and nature of its business, and will furnish to the Lenders and the Issuing Banks, upon written
request from the Administrative Agent, information presented in reasonable detail as to the insurance so carried. Each such policy of
insurance shall (i)in the case of each general liability policy, name the Administrative Agent, the Lenders and the Issuing Banks as an
additional insured thereunder as its interests may appear and (ii) in the case of each casualty insurance policy, contain a loss
payable clause or mortgagee endorsement that names the Administrative Agent, on behalf of the Lenders and the Issuing Banks, as the loss
payee or mortgagee thereunder.

 

(b)            If
any improved portion of any Mortgaged Property is at any time located in an area identified by the Federal Emergency Management
Agency (or any successor agency) as a Special Flood Hazard Area with respect to which flood insurance has been made available under
the National Flood Insurance Act of 1968 (as now or hereafter in effect or successor act thereto), then the Borrower shall, or shall
cause each applicable Loan Party to, (i) deliver a notice about special flood hazard area status and flood disaster assistance
duly executed by the Borrower and each Loan Party relating to such Mortgaged Property, (ii) maintain, or cause to be
maintained, with a financially sound and reputable insurer, as determined in the Borrower’s reasonable discretion, flood
insurance in an amount and otherwise sufficient to comply with all applicable rules and regulations promulgated pursuant to the
Flood Insurance Laws and (iii) deliver to the Administrative Agent evidence of such compliance in form and substance reasonably
acceptable to the Administrative Agent.

 

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SECTION 5.08         Books
and Records; Inspection and Audit Rights. Each of Holdings and the Borrower will, and will cause each Intermediate Parent and Subsidiary
to, 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 Holdings,
the Intermediate Parents, the Borrower or its Subsidiaries, as the case may be. Each of Holdings and the Borrower will, and will cause
each Intermediate Parent and Subsidiary to, permit any representatives designated by the Administrative Agent or any Lender or Issuing
Bank, upon reasonable prior notice, to visit and inspect its properties, to examine and make extracts from its books and records, and
to discuss its affairs, finances and condition with its officers and independent accountants, all at such reasonable times and as often
as reasonably requested; 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 and the Issuing Banks may exercise visitation and inspection rights under this
Section 5.08 and the Administrative Agent shall not exercise such rights more often than two times during any calendar year absent
the existence of an Event of Default and only one such time shall be at the Borrower’s expense; provided  further that (a) when
an Event of Default exists, the Administrative Agent or any Lender or Issuing Bank (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 and (b) the Administrative Agent and the Lenders and Issuing Banks shall give Holdings and the Borrower the opportunity to
participate in any discussions with Holdings’ or the Borrower’s independent public accountants.

 

SECTION 5.09         Compliance
with Laws. Each of Holdings and the Borrower will, and will cause each Intermediate Parent and Subsidiary to, comply with all applicable
law (including Environmental Laws) with respect to it, its property and operations, except where the failure to do so, individually or
in the aggregate, could not reasonably be expected to result in a Material Adverse Effect.

 

SECTION 5.10         Use
of Proceeds and Letters of Credit.

 

(a)            The
Borrower will use the proceeds of (i) the Initial Term Loans made on the Effective Date, together with cash on hand of the Borrower,
to effect the Refinancing and to pay the Transaction Costs, (ii) Letters of Credit and the proceeds of the Revolving Loans and Swingline
Loans made on or after the Effective Date for working capital and other general corporate purposes and (iii)the Term Loans made after
the Effective Date solely for purposes set forth in the applicable Incremental Facility Amendment or Refinancing Amendment.

 

(b)            No
part of the proceeds of the Loans will be used directly or, to the knowledge of the Borrower, indirectly, (i) to fund any
activities of or business with any Person that, at the time of such funding, is the subject of Sanctions, or in any country or
territory that, at the time of such funding or facilitation, is the subject of Sanctions, (ii) in any other manner that will
result in a violation by any Person (including any Person participating in the transaction, whether as a Lender, an Issuing Bank,the
Administrative Agent or otherwise) of Sanctions or (iii) for any payments to any governmental official or employee, political
party, official of a political party, candidate for political office, or anyone else acting in an official capacity, in order to
obtain, retain or direct business or obtain any improper advantage, in violation of any Anti-Corruption Law.

 

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SECTION 5.11         Additional
Subsidiaries.

 

(a)            If
(i) any additional Subsidiary (other than an Excluded Subsidiary) or Intermediate Parent is formed or acquired after the Effective
Date or (ii) if any Subsidiary ceases to be an Excluded Subsidiary (including by ceasing to be an Immaterial Subsidiary), Holdings
or the Borrower will, within 30 days (or such longer period as may be agreed to by the Administrative Agent in its sole discretion) after
such newly formed or acquired Subsidiary or Intermediate Parent is formed or acquired or such Subsidiary ceases to be an Excluded Subsidiary
(or, in the case of any Subsidiary ceasing to be an Immaterial Subsidiary, within 30 days after such Subsidiary is identified as a Material
Subsidiary pursuant to Section 5.03(b)), notify the Administrative Agent thereof, and will cause such Subsidiary (unless such Subsidiary
is an Excluded Subsidiary) or Intermediate Parent to satisfy the Collateral and Guarantee Requirement with respect to such Subsidiary
or Intermediate Parent and with respect to any Equity Interest in or Indebtedness of such Subsidiary or Intermediate Parent owned directly
by any Loan Party within 30 days after such notice (or such longer period as the Administrative Agent shall reasonably agree) and the
Administrative Agent shall have received a completed Perfection Certificate with respect to such Subsidiary or Intermediate Parent signed
by a Responsible Officer thereof, together with all attachments contemplated thereby.

 

(b)            Notwithstanding
the foregoing, in the event any real property would be required to be subject to a Mortgage pursuant to this Section, Holdings or the
Borrower shall not be required to comply with the “Collateral and Guarantee Requirement” with respect to such real property
until 90 days following the applicable formation, acquisition or identification (or such longer time period as agreed by the Administrative
Agent in its sole discretion).

 

SECTION 5.12         Further
Assurances.

 

(a)            Each
of Holdings and the Borrower will, and will cause each other Loan Party to, execute any and all further documents, financing statements,
agreements and instruments, and take all such further actions (including the filing and recording of financing statements, fixture filings,
mortgages, deeds of trust and other documents), that may be required under any applicable law and that the Administrative Agent may reasonably
request, to cause the Collateral and Guarantee Requirement to be and remain satisfied, all at the expense of the Loan Parties.

 

(b)            If,
after the Effective Date, any material assets (including any real property owned in fee or improvements thereto or any interest
therein with a fair market value in excess of $20,000,000) are acquired by the Borrower or any other Loan Party (other than assets
constituting Collateral under a Security Document that become subject to the Lien created by such Security Document upon acquisition
thereof or constituting Excluded Assets), the Borrower will notify the Administrative Agent thereof, and, if requested by the
Administrative Agent, the Borrower will cause such assets to be subjected to a Lien securing the Secured Obligations and will take
and cause the other Loan Parties to take, such actions as shall be necessary and reasonably requested by the Administrative Agent to
grant and perfect such Liens, including actions described in paragraph (a) of this Section and as required pursuant to the
 “Collateral and Guarantee Requirement”, at the expense of the Loan Parties and subject to the last paragraph of the
definition of the term “Collateral and Guarantee Requirement”. In the event any real property is acquired that is
required to be mortgaged pursuant to this Section 5.12(b), the Borrower or such other Loan Party, as applicable, shall not be
required to comply with the “Collateral and Guarantee Requirement” and paragraph (a) of this Section as to
such real property until 90 days following such acquisition (or such longer time period as agreed to by the Administrative Agent in
its reasonable discretion).

 

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SECTION 5.13         Margin
Stock. No Loan Party shall, and no Loan Party shall suffer or permit any of its Subsidiaries to, use any portion of the Loan proceeds
for the immediate, incidental or ultimate purpose of buying or carrying Margin Stock (within the meaning of Regulation U of the Federal
Reserve Board) or extending credit to others for the purpose of purchasing or carrying any such Margin Stock, in each case in contravention
of Regulation T, U or X of the Federal Reserve Board.

 

SECTION 5.14         Maintenance
of Rating. The Borrower shall use commercially reasonable efforts to maintain (a) 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 (b) a public rating (but not any particular rating) in respect of the Term Loans from each of S&P
and Moody’s.

 

ARTICLE VI

NEGATIVE COVENANTS

 

Until the Commitments have expired or been terminated
and the principal of and interest on each Loan and all fees, expenses and other amounts payable (other than contingent amounts not yet
due) under any Loan Document have been paid in full and all Letters of Credit have expired or been terminated (or cash collateralized
or backstopped pursuant to arrangements satisfactory to the relevant Issuing Bank) and all LC Disbursements shall have been reimbursed,
each of Holdings (with respect to Section 6.13 only) and the Borrower covenants and agrees with the Lenders and the Issuing Banks
that:

 

SECTION 6.01         Indebtedness;
Certain Equity Securities.

 

(a)            The
Borrower will not, and will not permit any Subsidiary to, create, incur, assume or permit to exist any Indebtedness, except:

 

(i)             Indebtedness
of the Borrower and any of the Subsidiaries under the Loan Documents (including any Indebtedness incurred pursuant to Section 2.22,
2.23 or 2.24);

 

(ii)            Indebtedness
outstanding on the Effective Date and listed on Schedule 6.01 and any Permitted Refinancing thereof;

 

(iii)           Guarantees
by the Borrower and the Subsidiaries in respect of Indebtedness of the Borrower or any Subsidiary otherwise permitted hereunder; provided
that each such Guarantee is permitted by Section 6.04; provided further that (A) no Guarantee by any Subsidiary of any
Restricted Debt shall be permitted unless such Subsidiary shall have also provided a Guarantee of the Loan Document Obligations pursuant
to the Guarantee Agreement, (B) no Guarantee by any Subsidiary that is not a Loan Party of any Indebtedness of the Borrower shall
be permitted unless such Subsidiary shall have also provided a Guarantee of the Loan Document Obligations pursuant to the Guarantee Agreement,
(C) if the Indebtedness being Guaranteed is subordinated in right of payment to the Loan Document Obligations, such Guarantee shall
be subordinated in right of payment to the Guarantee of the Loan Document Obligations on terms at least as favorable to the Lenders and
the Issuing Banks as those contained in the subordination of such Indebtedness and (D) neither the Borrower nor any Subsidiary that
is not a FreedomRoads Entity shall Guarantee any FreedomRoads Floorplan Indebtedness;

 

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(iv)            Indebtedness
of the Borrower owing to any Subsidiary or of any Subsidiary owing to any other Subsidiary or the Borrower to the extent permitted
by Section 6.04; provided that all such Indebtedness of the Borrower or any Subsidiary Loan Party owing to any
Subsidiary that is not a Subsidiary Loan Party shall be evidenced by an intercompany note and subordinated in right of payment to
the Loan Document Obligations on terms at least as favorable to the Lenders and the Issuing Banks as those set forth in the form of
intercompany note attached as Exhibit D;

 

(v)            (A) Indebtedness
(including Capital Lease Obligations) of the Borrower or any Subsidiaries financing the acquisition, construction, repair, replacement
or improvement of fixed or capital assets, other than software; provided that such Indebtedness is incurred concurrently with
or within 270 days after the applicable acquisition, construction, repair, replacement or improvement, and (B) any Permitted Refinancing
of any Indebtedness set forth in the immediately preceding clause (A); provided  further that,
at the time of any such incurrence of Indebtedness and after giving Pro Forma Effect thereto and to the use of the proceeds thereof,
the aggregate principal amount of Indebtedness that is outstanding in reliance on this clause (v) shall not exceed the greater of
(i) $180,000,000 and (ii) 25.0% of Consolidated EBITDA for the most recently ended Test Period;

 

(vi)           Indebtedness
in respect of Swap Agreements incurred in the ordinary course of business and not for speculative purposes;

 

(vii)          Indebtedness
of any Person that becomes a Subsidiary (or of any Person not previously a Subsidiary that is merged or consolidated with or into the
Borrower or a Subsidiary) after the Effective Date as a result of a Permitted Acquisition, or Indebtedness of any Person that is assumed
by the Borrower or any Subsidiary in connection with an acquisition of assets by the Borrower or such Subsidiary in a Permitted Acquisition,
and any Permitted Refinancing thereof; provided that (A) such Indebtedness is not incurred in contemplation of such Permitted
Acquisition or other acquisition and (B) at the time of any such Permitted Acquisition or other acquisition and after giving Pro
Forma Effect thereto and to all related Indebtedness, the Total Net Leverage Ratio would not exceed 2.50 to 1.00;

 

(viii)         Indebtedness
representing deferred compensation owed to employees of the Borrower and its Subsidiaries incurred in the ordinary course of business;

 

(ix)            Indebtedness
consisting of unsecured promissory notes issued by the Borrower or any Subsidiary Loan Party to current or former officers, directors
and employees or their respective estates, spouses or former spouses to finance the purchase or redemption of Equity Interests of Holdings
(or any direct or indirect parent thereof) permitted by Section 6.07(a);

 

(x)             Indebtedness
constituting indemnification obligations or obligations in respect of purchase price, earn-out or other similar adjustments incurred in
a Permitted Acquisition, any other Investment or any Disposition, in each case permitted under this Agreement;

 

(xi)            Indebtedness
consisting of obligations under deferred compensation or other similar arrangements incurred in connection with any Permitted Acquisition
or other Investment permitted under this Agreement;

 

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

 

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(xiii)       Indebtedness
of the Borrower and its Subsidiaries; provided that at the time of the incurrence thereof and after giving Pro Forma Effect thereto
and the use of the proceeds thereof, (A) the aggregate principal amount of Indebtedness outstanding in reliance on this clause (xiv) shall
not exceed the greater of (x) $250,000,000 and (y) 35.0% of Consolidated EBITDA for the most recently ended Test Period, and (B) the aggregate
principal amount of Indebtedness outstanding in reliance on this clause (xiii) or in reliance on clause (xx) below, in each case, in respect
of which the primary obligor or a guarantor is a Subsidiary that is not a Loan Party shall not exceed the greater of (x) $100,000,000
and (y) 15.0% of Consolidated EBITDA for the most recently ended Test Period;

 

(xiv)       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;

 

(xv)        Indebtedness
incurred by the Borrower or any of the Subsidiaries in respect of letters of credit, bank guarantees, bankers’ acceptances 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 reimbursement-type obligations
regarding workers compensation claims;

 

(xvi)       obligations
in respect of performance, bid, appeal and surety bonds and performance and completion guarantees and similar obligations provided
by the Borrower or any of its 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;

 

(xvii)      Indebtedness
of any FreedomRoads Entity constituting FreedomRoads Floorplan Indebtedness, provided that such Indebtedness shall not be Guaranteed
by the Borrower or any Subsidiary that is not a FreedomRoads Entity;

 

(xviii)     Indebtedness
supported by a Letter of Credit, in a principal amount not to exceed the face amount of such Letter of Credit;

 

(xix)        Incremental
Equivalent Debt, and any Permitted Refinancing in respect thereof;

 

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(xx)        (A)
other Indebtedness of the Borrower and its Subsidiaries; provided that, at the time of the incurrence of such Indebtedness
and after giving Pro Forma Effect thereto and the use of the proceeds thereof (but without “netting” the cash proceeds
thereof) and assuming a full drawing thereof, (1) in the case of any such Indebtedness that is secured by Liens on any Collateral on
a pari passu basis with the Liens on such Collateral securing the Credit Facilities, the First Lien Net Leverage Ratio would
not exceed 1.50 to 1.00, (2) in the case of any such Indebtedness that is secured by Liens on any Collateral on a junior basis to
the Liens on such Collateral securing the Credit Facilities, the Secured Net Leverage Ratio would not exceed 2.00 to 1.00 and (3) in
the case of any such Indebtedness that is unsecured or is secured solely by assets that do not constitute Collateral, the Total Net
Leverage Ratio would not exceed 3.00 to 1.00 and (B) any Permitted Refinancing of any Indebtedness set forth in the immediately
preceding clause (A); provided further that, at the time of the incurrence thereof and after giving Pro Forma Effect thereto
and the use of the proceeds thereof, the aggregate principal amount of Indebtedness outstanding in reliance on this clause (xx) or
clause (xiii) above in respect of which the primary obligor or a guarantor is a Subsidiary that is not a Loan Party shall not exceed
the greater of (x) $100,000,000 and (y) 15.0% of Consolidated EBITDA for the most recently ended Test Period; provided
further that, in the case of any such Indebtedness of the Borrower and the Subsidiary Loan Parties, (I) such Indebtedness shall
not be Guaranteed by any Person that is not a Loan Party, provided that the obligations of any Person with respect to any
escrow or similar arrangement described in clause (II) below shall be deemed not to constitute a Guarantee by such Person, (II) such
Indebtedness shall not be secured by any assets other than the Collateral, provided that such Indebtedness may be secured by
the proceeds of such Indebtedness, and any related deposit of cash or Permitted Investments to cover interest and premium with
respect to such Indebtedness, to the extent and only for so long as such proceeds and related deposit are subject to an escrow or
similar arrangement to secure such Indebtedness; provided further that any Liens on any Collateral securing such Indebtedness
may only be pari passu with or junior to the Liens on such Collateral securing the Credit Facilities, (III) the final
maturity date of such Indebtedness (determined, in the case of Customary Bridge Loans, in accordance with the definition of
 “Customary Bridge Loans”) shall be no earlier than, and in the case of revolving Indebtedness, such Indebtedness shall
not be subject to any scheduled or mandatory commitment reduction prior to, the Latest Maturity Date as of the date of incurrence of
such Indebtedness, (IV) the Weighted Average Life to Maturity of such Indebtedness (determined, in the case of Customary Bridge
Loans, in accordance with the definition of “Customary Bridge Loans”) shall be no shorter than the longest remaining
Weighted Average Life to Maturity of any Class of Term Loans outstanding (determined after giving effect to any repayment or
prepayment of Loans on such date) as of the date of incurrence of such Indebtedness, (V) in the case of any such Indebtedness that
is secured by Liens on any Collateral or that is subordinated in right of payment to the Facilities, such Indebtedness shall be
subject to an Acceptable Intercreditor Agreement and (VI) in the case of any such Indebtedness that is in the form of term loans
secured by Liens on any Collateral on a pari passu basis with the Liens on such Collateral securing the Credit Facilities,
such Indebtedness shall be subject to clause (iv)(A) of the proviso to Section 2.22(a), mutatis mutandis; and

 

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

 

(b)         The
Borrower will not, and will not permit any Subsidiary to, issue any preferred Equity Interests or any Disqualified Equity Interests, except
preferred Equity Interests issued to and held by the Borrower or any Subsidiary.

 

SECTION 6.02Liens. The Borrower will not,
and will not permit any Subsidiary to, create, incur, assume or permit to exist any Lien on any property or asset now owned or hereafter
acquired by it, except:

 

(a)          Liens
created under the Loan Documents;

 

(b)         Permitted
Encumbrances;

 

(c)          Liens
existing on the Effective Date and set forth on Schedule 6.02 and any modifications, replacements, renewals or extensions thereof; provided
that (i) such modified, replacement, renewal or extension 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 and (B) proceeds and products thereof, and (ii) the obligations
secured or benefited by such modified, replacement, renewal or extension Lien are permitted by Section 6.01;

 

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(d)         Liens
securing Indebtedness permitted under Section 6.01(a)(v); provided that (i) such Liens attach concurrently with or within 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 except for accessions to such
property and the proceeds and the products thereof and (iii) with respect to Capital Lease Obligations, such Liens do not at any time
extend to or cover any assets (except for accessions to or proceeds of such assets) other than the assets subject to such Capital Lease
Obligations; provided further that individual financings of equipment provided by one lender may be cross-collateralized to other
financings of equipment provided by such lender;

 

(e)         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;

 

(f)          Liens
(i) of a collection bank arising under Section 4-210 of the Uniform Commercial Code on items in the course of collection and (ii) in
favor of a banking institution arising as a matter of law encumbering deposits (including the right of setoff) and that are within the
general parameters customary in the banking industry;

 

(g)         Liens
(i) on cash advances or escrow deposits in favor of the seller of any property to be acquired in an Investment permitted pursuant to
Section 6.04 to be applied against the purchase price for such Investment or otherwise in connection with any escrow arrangements with
respect to any such Investment or any Disposition permitted under Section 6.05 (including any letter of intent or purchase agreement
with respect to such Investment or Disposition), or (ii) consisting of an agreement to dispose of any property in a Disposition permitted
under Section 6.05, 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;

 

(h)         Liens
on property of any Subsidiary that is not a Loan Party, which Liens secure Indebtedness of such Subsidiary permitted under Section 6.01;

 

(i)          Liens
granted by any Subsidiary in favor of the Borrower or any Subsidiary Loan Party;

 

(j)          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 Subsidiary,
in each case after the Effective Date (other than Liens on the Equity Interests of any Person that becomes a Subsidiary); provided
that (i) such Lien was not created in contemplation of such acquisition or such Person becoming a Subsidiary, (ii) such Lien does
not extend to or cover any other assets or property (other than the proceeds or products thereof and, in the case of a Person becoming
a Subsidiary, other than after-acquired property of such Person under a Lien securing Indebtedness and other obligations incurred prior
to such time and which Indebtedness and other obligations are permitted hereunder that require or include, pursuant to their terms at
such time, a pledge of such 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 6.01(a)(v) or Section 6.01(a)(vii);

 

(k)         Liens
on cash or Permitted Investments arising in connection with the defeasance, discharge or redemption of Indebtedness; provided
that such defeasance, discharge or redemption is permitted hereunder and such cash or Permitted Investments are used or to be used for
such defeasance, discharge or redemption;

 

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(l)           Liens
arising out of conditional sale, title retention, consignment or similar arrangements for sale of goods by any of the Borrower or any
Subsidiaries in the ordinary course of business;

 

(m)         Liens
deemed to exist in connection with Investments in repurchase agreements under clause (e) of the definition of the term “Permitted
Investments”;

 

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

 

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

 

(p)         ground
leases in respect of real property on which facilities owned or leased by the Borrower or any of the Subsidiaries are located;

 

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

 

(r)          other
Liens; provided that at the time of the granting of and after giving Pro Forma Effect to any such Lien and the obligations secured
thereby (including the use of proceeds thereof) the aggregate principal amount of Indebtedness or other obligations secured by Liens in
reliance on this clause (r) shall not exceed the greater of (x) $250,000,000 and (y) 35.0% of Consolidated EBITDA for the most recently
ended Test Period (it being understood that Liens permitted by this clause (r), to the extent such Liens extend to any Collateral, may
not be pari passu with the Liens on such Collateral securing the Credit Facilities);

 

(s)          Liens
on assets of FreedomRoads Entities and Equity Interests of any FreedomRoads Entities securing Indebtedness permitted pursuant to Section
6.01(a)(xvii);

 

(t)           Liens
on the Collateral securing Indebtedness permitted pursuant to Section 6.01(a)(xix) and obligations relating thereto not constituting Indebtedness;
provided that such Liens shall be subject to an Acceptable Intercreditor Agreement; and

 

(u)          Liens
securing Indebtedness permitted pursuant to Section 6.01(a)(xx) and obligations relating thereto not constituting Indebtedness; provided
that, in the case of any such Indebtedness of the Borrower and the Subsidiary Loan Parties, such Liens shall be solely on the assets constituting
Collateral and shall be subject to an Acceptable Intercreditor Agreement.

 

SECTION 6.03Fundamental Changes.

 

(a)         The
Borrower will not, and will not permit any Subsidiary to, merge into or consolidate with any other Person, or permit any other Person
to merge into or consolidate with it, or liquidate or dissolve, except that:

 

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(i)           (A)
any Subsidiary may merge with the Borrower; provided that the Borrower shall be the continuing or surviving Person, or (B) any
Subsidiary may merge or consolidate with any one or more Subsidiaries; provided that when any Subsidiary Loan Party is merging
or consolidating with another Subsidiary (1) the continuing or surviving Person shall be a Subsidiary Loan Party or (2) if the continuing
or surviving Person is not a Subsidiary Loan Party, the acquisition of such Subsidiary Loan Party by such continuing or surviving Subsidiary
would otherwise be permitted under Section 6.04 if deemed an Investment by a Loan Party in such continuing or surviving Subsidiary;

 

(ii)         any
Subsidiary may liquidate or dissolve or change its legal form if the Borrower determines in good faith that such action is in the best
interests of the Borrower and its Subsidiaries and is not materially disadvantageous to the Lenders and the Issuing Banks;

 

(iii)         any
Subsidiary may make a Disposition of all or substantially all of its assets (upon voluntary liquidation or otherwise) to the Borrower
or another Subsidiary; provided that if the transferor in such a transaction is a Subsidiary Loan Party, then (A) the transferee
must be the Borrower or a Subsidiary Loan Party, (B) to the extent constituting an Investment, such Investment must be a permitted Investment
in a Subsidiary that is not a Loan Party in accordance with Section 6.04 or (C) to the extent constituting a Disposition to a Subsidiary
that is not a Loan Party, such Disposition is for fair value and any promissory note or other non-cash consideration received in respect
thereof is a permitted Investment in a Subsidiary that is not a Loan Party in accordance with Section 6.04;

 

(iv)        the
Borrower may merge or consolidate with any other Person; provided that (A) the Borrower shall be the continuing or surviving Person
or (B) if the Person formed by or surviving any such merger or consolidation is not the Borrower (any such Person, the “Successor
Borrower”), (1) the Successor Borrower shall be an entity organized or existing under the laws of the United States, any State
thereof or the District of Columbia, (2) the Successor Borrower shall expressly assume all the obligations of the Borrower under this
Agreement and the other Loan Documents to which the Borrower is a party pursuant to a supplement hereto or thereto in form and substance
reasonably satisfactory to the Administrative Agent, (3) each Loan Party other than the Borrower, unless it is the other party to such
merger or consolidation, shall have reaffirmed, pursuant to an agreement in form and substance reasonably satisfactory to the Administrative
Agent, that its Guarantee of, and grant of any Liens as security for, the Secured Obligations shall apply to the Successor Borrower’s
obligations under this Agreement and the other Loan Documents and (4) the Borrower shall have delivered to the Administrative Agent a
certificate of a Responsible Officer of the Borrower and an opinion of counsel, each stating that such merger or consolidation complies
with this Agreement; provided further that (y) if such Person is not a Loan Party, no Event of Default exists after giving effect
to such merger or consolidation and (z) if the foregoing requirements are satisfied, the Successor Borrower will succeed to, and be substituted
for, the Borrower under this Agreement and the other Loan Documents; provided further that the Borrower agrees to provide any
documentation and other information about the Successor Borrower as shall have been reasonably requested in writing by any Lender or
Issuing Bank through the Administrative Agent that such Lender or Issuing Bank shall have reasonably determined is required by regulatory
authorities under applicable “know your customer” and anti-money laundering rules and regulations, including without limitation
the USA Patriot Act;

 

(v)         any
Subsidiary may merge, consolidate or amalgamate with any other Person in order to effect an Investment permitted pursuant to Section 6.04;
provided that the continuing or surviving Person shall be a Subsidiary, which together with each of its Subsidiaries, shall have
complied with the requirements of Sections 5.11 and 5.12 and if the other party to such transaction is not a Loan Party, no Event of Default
exists after giving effect to such transaction;

 

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(vi)        any
Subsidiary may effect a merger, dissolution, liquidation consolidation or amalgamation to effect a Disposition permitted pursuant to Section
6.05; provided that if the other party to such transaction is not a Loan Party, no Event of Default exists after giving effect
to the transaction.

 

(b)         The
Borrower will not, and will not permit any Subsidiary to, engage to any material extent in any business other than businesses of the
type conducted by the Borrower and the Subsidiaries on the Effective Date and businesses reasonably related or ancillary thereto.

 

SECTION 6.04Investments, Loans, Advances,
Guarantees and Acquisitions. The Borrower will not, and will not permit any Subsidiary to, make or hold any Investment, except:

 

(a)          Permitted
Investments;

 

(b)          loans
or advances to officers, directors and employees of CWH, Holdings, the Borrower and its Subsidiaries (i) for reasonable and customary
business-related travel, entertainment, relocation and analogous ordinary business purposes, (ii) in connection with such Person’s
purchase of Equity Interests of Holdings (or any direct or indirect parent thereof) (provided that the amount of such loans and
advances made in cash to such Person shall be contributed to the Borrower in cash as common equity or Qualified Equity Interests), and
(iii) for purposes not described in the foregoing clauses (i) and (ii), provided that the aggregate amount of Investments outstanding
at any time under this clause (iii) shall not to exceed the greater of (x) $35,000,000 and (y) 5.0% of Consolidated EBITDA for the most
recently ended Test Period;

 

(c)          Investments
(i) by the Borrower or any Subsidiary in the Borrower or any Subsidiary Loan Party (excluding any new Subsidiary that becomes a Subsidiary
Loan Party pursuant to such Investment), (ii) by any Subsidiary that is not a Subsidiary Loan Party in any other Subsidiary that is also
not a Subsidiary Loan Party, (iii) by the Borrower or any Subsidiary (A) in any Subsidiary; provided that the sum of (1) the aggregate
amount of such Investments made by the Borrower and the Subsidiary Loan Parties after the Effective Date in Subsidiaries that are not
Loan Parties in reliance on this clause (iii)(A) or in reliance on Section 6.04(m) and (2) the aggregate amount of consideration paid
or provided by the Borrower and the Subsidiary Loan Parties after the Effective Date in reliance on Section 6.04(h) or Section 6.04(m)
for acquisitions (including the aggregate principal amount of all Indebtedness assumed in connection with such acquisitions) of Subsidiaries
that shall not be or, after giving effect to such acquisitions, shall not become Subsidiary Loan Parties (or shall not be merged or consolidated
with or into the Borrower or any Subsidiary Loan Party), or for assets that, after giving effect to such acquisitions, shall not be owned
by the Borrower or the Subsidiary Loan Parties, shall not exceed the Non-Loan Party Investment Amount at the time of, and after giving
effect to, any such Investment, (B) in any Subsidiary that is not a Subsidiary Loan Party, constituting an exchange of Equity Interests
of such Subsidiary for Indebtedness of such Subsidiary or (C) constituting Guarantees of Indebtedness or other monetary obligations of
Subsidiaries that are not Subsidiary Loan Parties owing to the Borrower or any Subsidiary Loan Party, (iv) by the Borrower or any Subsidiary
in Subsidiaries that are not Subsidiary Loan Parties so long as such Investment is part of a series of simultaneous Investments that result
in the proceeds of the initial Investment being invested in the Borrower or one or more Subsidiary Loan Parties and (v) by the Borrower
or any Subsidiary in any Subsidiary that is not a Subsidiary Loan Party, consisting of the contribution of Equity Interests of any other
Subsidiary that is not a Subsidiary Loan Party so long as the Equity Interests of the transferee Subsidiary are pledged to secure the
Secured Obligations;

 

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(d)         Investments
consisting of extensions of trade credit and accommodation guarantees in the ordinary course of business;

 

(e)          Investments
(i) existing or contemplated on the Effective Date and set forth on Schedule 6.04 and any modification, replacement, renewal, reinvestment
or extension thereof and (ii) Investments existing on the Effective Date by the Borrower or any Subsidiary in the Borrower or any Subsidiary
and any modification, renewal or extension thereof; provided that the amount of the original Investment is not increased except
by the terms of such Investment to the extent set forth on Schedule 6.04 or as otherwise permitted by this Section 6.04;

 

(f)          Investments
in Swap Agreements incurred in the ordinary course of business and not for speculative purposes;

 

(g)         promissory
notes and other non-cash consideration received in connection with Dispositions permitted by Section 6.05;

 

(h)         Permitted
Acquisitions; provided that the sum of (i) the aggregate amount of consideration paid or provided by the Borrower and the Subsidiary
Loan Parties after the Effective Date in reliance on this clause (h) or in reliance on Section 6.04(m) for acquisitions (including the
aggregate principal amount of all Indebtedness assumed in connection with such acquisitions) of Subsidiaries that shall not be or, after
giving effect to such acquisitions, shall not become Subsidiary Loan Parties (or shall not be merged or consolidated with or into the
Borrower or any Subsidiary Loan Party), or for assets that, after giving effect to such acquisitions, shall not be owned by the Borrower
or the Subsidiary Loan Parties and (ii) the aggregate amount of Investments made by the Borrower and the Subsidiary Loan Parties after
the Effective Date in Subsidiaries that are not Loan Parties in reliance on Section 6.04(c)(iii)(A) or 6.04(m) shall not exceed the Non-Loan
Party Investment Amount at the time of, and after giving effect to, any such Permitted Acquisition;

 

(i)          Investments
by the Borrowers and the Subsidiary Loan Parties in the FreedomRoads Entities in an aggregate amount not to exceed the greater of (i)
$110,000,000 and (ii) 18.0% of Consolidated EBITDA for the most recently ended Test Period, in each case to finance RV Dealership Acquisitions;

 

(j)          Investments
in the ordinary course of business consisting of Uniform Commercial Code Article 3 endorsements for collection or deposit and Uniform
Commercial Code Article 4 customary trade arrangements with customers consistent with past practices;

 

(k)         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 or upon the foreclosure with respect to
any secured Investment or other transfer of title with respect to any secured Investment;

 

(l)           loans
and advances to Holdings (or any direct or indirect parent thereof) or any Intermediate Parent in lieu of, and not in excess of the amount
of (after giving effect to any other loans, advances or Restricted Payments in respect thereof) Restricted Payments to the extent permitted
to be made to Holdings (or such parent) in accordance with Section 6.07(a)(iii), (iv), (v) or (vi) (and the amounts of Restricted Payments
permitted under such provisions in Section 6.07 shall be reduced by the amounts of any such loans or advances);

 

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(m)        so
long as immediately after giving effect to any such Investment no Event of Default has occurred and is continuing, other Investments (other
than, in the case of Investments of the type referred to in clauses (a) and (b) of the definition thereof, in or for the benefit of any
direct or indirect owner of Equity Interests in the Borrower) and other acquisitions; provided that at the time any such Investment
or other acquisition is made, the aggregate outstanding amount of all Investments made in reliance on this clause (m), together with the
aggregate amount of all consideration paid in connection with all other acquisitions made in reliance on this clause (m) (including the
aggregate principal amount of all Indebtedness assumed in connection with any such other acquisition), shall not exceed the sum of (i)
the greater of (x) $180,000,000 and (y) 25.0% of Consolidated EBITDA for the most recently ended Test Period and (ii) the Available Amount;
provided further that the sum of (1) the aggregate amount of consideration paid or provided by the Borrower and the Subsidiary
Loan Parties after the Effective Date in reliance on this clause (m) or in reliance on Section 6.04(h) for acquisitions (including the
aggregate principal amount of all Indebtedness assumed in connection with such acquisitions) of Subsidiaries that shall not be or, after
giving effect to such acquisitions, shall not become Subsidiary Loan Parties (or shall not be merged or consolidated with or into the
Borrower or any Subsidiary Loan Party), or for assets that, after giving effect to such acquisitions, shall not be owned by the Borrower
or the Subsidiary Loan Parties and (2) the aggregate amount of Investments made by the Borrower and the Subsidiary Loan Parties after
the Effective Date in Subsidiaries that are not Loan Parties in reliance on this clause (m) or in reliance on Section 6.04(c)(iii)(A)
shall not exceed the Non-Loan Party Investment Amount at the time of, and after giving effect to, any such Investment or acquisition;

 

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

 

(o)         Investments
by FreedomRoads Entities;

 

(p)         Investments
of a Subsidiary acquired after the Effective Date or of a Person merged or consolidated with any Subsidiary in accordance with this Section
and Section 6.03 after the Effective Date or that otherwise becomes a Subsidiary (provided that if such Investment is made under
Section 6.04(h) or 6.04(m), existing Investments in subsidiaries of such Subsidiary or Person shall comply with the requirements of Section
6.04(h) or 6.04(m) or any other paragraph of this Section 6.04) 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;

 

(q)         receivables
owing to the Borrower or any Subsidiary, if created or acquired in the ordinary course of business; and

 

(r)          Investments
for (i) utilities, security deposits, leases and similar prepaid expenses incurred in the ordinary course of business and (ii) trade accounts
created, or prepaid expenses accrued, in the ordinary course of business.

 

SECTION 6.05Asset Sales. The Borrower
will not, and will not permit any Subsidiary to, (i) sell, transfer, lease or otherwise dispose of any asset, including any Equity Interest
owned by it, or (ii) permit any Subsidiary to issue any additional Equity Interests in such Subsidiary (other than issuing directors’
qualifying shares, nominal shares issued to foreign nationals to the extent required by applicable law and Equity Interests to the Borrower
or a Subsidiary in compliance with Section 6.04(c)) (each, a “Disposition”), except:

 

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(a)         Dispositions
of obsolete or worn out 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 Borrower and its Subsidiaries;

 

(b)         Dispositions
of inventory and other assets 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 or
(ii) the proceeds of such Disposition are promptly applied to the purchase price of such replacement property;

 

(d)        Dispositions
of property to the Borrower or a Subsidiary; provided that if the transferor in such a transaction is the Borrower or a Subsidiary
Loan Party, then (i) the transferee must be the Borrower or a Subsidiary Loan Party, (ii) to the extent constituting an Investment, such
Investment must be a permitted Investment in a Subsidiary that is not a Subsidiary Loan Party in accordance with Section 6.04 or (iii)
to the extent constituting a Disposition to a Subsidiary that is not a Subsidiary Loan Party, such Disposition is for fair value and
any promissory note or other non-cash consideration received in respect thereof is a permitted investment in a Subsidiary that is not
a Subsidiary Loan Party in accordance with Section 6.04;

 

(e)         Dispositions
permitted by Section 6.03, Investments permitted by Section 6.04, Restricted Payments permitted by Section 6.07 and Liens permitted by
Section 6.02;

 

(f)          Dispositions
of property acquired by the Borrower or any of its Subsidiaries after the Effective Date pursuant to sale-leaseback transactions permitted
by Section 6.06;

 

(g)         Dispositions
of cash and Permitted Investments;

 

(h)         Dispositions
of accounts receivable in connection with the collection or compromise thereof;

 

(i)          (A)
leases, subleases, licenses or sublicenses (including the provision of software under an open source license), in each case in the ordinary
course of business and that do not materially interfere with the business of the Borrower and its Subsidiaries, taken as a whole, and
(B) nonexclusive licenses of Intellectual Property among the Borrower and its Subsidiaries;

 

(j)           transfers
of property subject to Casualty Events upon receipt of the Net Proceeds of such Casualty Events;

 

(k)         Dispositions
of property to Persons other than Subsidiaries (including the sale or issuance of Equity Interests of a Subsidiary) not otherwise
permitted under this Section 6.05; provided that (i) no Event of Default shall exist at the time of, or would result from,
such Disposition (other than any such Disposition made pursuant to a legally binding commitment entered into at a time when no Event
of Default existed or would have resulted from such Disposition) and (ii) with respect to any Disposition pursuant to this clause
(k) for a purchase price in excess of $15,000,000, the Borrower or a Subsidiary shall receive not less than 75% of such
consideration in the form of cash or Permitted Investments; provided, however, that for the purposes of this clause
(ii), (A) any liabilities (as shown on the most recent balance sheet of the Borrower provided hereunder or in the notes thereto) of
the Borrower or such Subsidiary, other than liabilities that are by their terms subordinated in right of payment to the Loan
Document Obligations, that are assumed by the transferee with respect to the applicable Disposition and for which the Borrower and
all of the Subsidiaries shall have been validly released by all applicable creditors in writing, shall be deemed to be cash, (B) any
securities received by the Borrower or such Subsidiary from such transferee that are converted by the Borrower or such Subsidiary
into cash or Permitted Investments (to the extent of the cash or Permitted Investments received) within 180 days following the
closing of the applicable Disposition, shall be deemed to be cash and (C) any Designated Non-Cash Consideration received by the
Borrower or such Subsidiary in respect of such Disposition having an aggregate fair market value, taken together with all other
Designated Non-Cash Consideration received pursuant to this clause (k) that is at that time outstanding, not in excess of
$15,000,000 at the time of the receipt of such Designated Non-Cash Consideration, with the fair market value of each item of
Designated Non-Cash Consideration being measured at the time received and without giving effect to subsequent changes in value,
shall be deemed to be cash;

 

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(l)           Dispositions
of Investments in joint ventures that are not Subsidiaries to the extent required by, or made pursuant to customary buy/sell arrangements
between, the joint venture parties set forth in joint venture arrangements and similar binding arrangements; and

 

(m)        Dispositions
or forgiveness of accounts receivable in the ordinary course of business in connection with the collection or compromise thereof;

 

provided that any Disposition of any property pursuant to this
Section (except pursuant to Sections 6.05(e) and except for Dispositions by the Borrower or a Subsidiary Loan Party to the Borrower or
a Subsidiary Loan Party), shall be for no less than the fair market value of such property at the time of such Disposition.

 

SECTION 6.06Sale and Leaseback Transactions.
The Borrower will not, and will not permit any Subsidiary to, enter into any arrangement, directly or indirectly, whereby it shall sell
or transfer any property, real or personal, used or useful in its business, whether now owned or hereafter acquired, and thereafter rent
or lease such property or other property that it intends to use for substantially the same purpose or purposes as the property sold or
transferred, except for any such sale of any fixed or capital assets by the Borrower or any Subsidiary that is made for cash consideration
in an amount not less than the fair value of such fixed or capital asset and is consummated within 730 days after the Borrower or such
Subsidiary, as applicable, acquires or completes the construction of such fixed or capital asset; provided that, if such sale and
leaseback results in a Capital Lease Obligation, such Capital Lease Obligation is permitted by Section 6.01 and any Lien made the subject
of such Capital Lease Obligation is permitted by Section 6.02.

 

SECTION 6.07Restricted Payments; Restricted
Debt Payments.

 

(a)         The
Borrower will not, and will not permit any Subsidiary to, declare or make, or agree to pay or make, directly or indirectly, any Restricted
Payment, except:

 

(i)          each
Subsidiary may make Restricted Payments to the Borrower and to its other Subsidiaries; provided that in the case of any such Restricted
Payment by a Subsidiary that is not a Wholly Owned Subsidiary of the Borrower, such Restricted Payment is made to the Borrower and to
any other Subsidiary and to each other owner of Equity Interests of such Subsidiary based on their relative ownership interests of the
relevant class of Equity Interests;

 

(ii)         the
Borrower and each Subsidiary may declare and make dividend payments or other distributions payable solely in the Equity Interests (other
than Disqualified Equity Interests) of such Person; provided that in the case of any such Restricted Payment by a Subsidiary that
is not a Wholly Owned Subsidiary of the Borrower, such Restricted Payment is made to the Borrower and to any other Subsidiary and to each
other owner of Equity Interests of such Subsidiary based on their relative ownership interests of the relevant class of Equity Interests;

 

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(iii)         repurchases
of Equity Interests in the Borrower or any Subsidiary deemed to occur upon exercise of stock options or warrants if such Equity Interests
represent a portion of the exercise price or withholding taxes payable in connection with the exercise of such options or warrants;

 

(iv)        Restricted
Payments to Holdings or any Intermediate Parent the proceeds of which shall be used by Holdings to redeem, acquire, retire, repurchase
or settle its Equity Interests (or any options or warrants or stock appreciation rights issued with respect to any of such Equity Interests)
(or make payments to allow any of Holdings’ direct or indirect parent companies to so redeem, retire, acquire or repurchase their
Equity Interests) held by current or former officers, managers, consultants, directors and employees (or their respective spouses, former
spouses, successors, executors, administrators, heirs, legatees or distributees) of Holdings or any direct or indirect parent thereof
(only to the extent attributable to the Borrower and the Subsidiaries), the Borrower and the Subsidiaries, upon the death, disability,
retirement or termination of employment of any such Person or otherwise in accordance with any stock option or stock appreciation rights
plan, any management, director and/or employee stock ownership or incentive plan, stock subscription plan, employment termination agreement
or any other employment agreements or equity holders’ agreement in an aggregate amount after the Effective Date, together with the
aggregate amount of loans and advances to Holdings made pursuant to Section 6.04(l) in lieu of Restricted Payments permitted by this clause
(v), not to exceed $10,000,000 in any calendar year with unused amounts in any calendar year being carried over to succeeding calendar
years subject to a maximum of $15,000,000 any calendar year (without giving effect to the following proviso); provided that such
amount in any calendar year may be increased by an amount not to exceed the cash proceeds of key man life insurance policies received
by the Borrower or its Subsidiaries (or by Holdings and contributed to the Borrower in respect of common equity or Qualified Equity Interests)
after the Effective Date;

 

(v)         the
Borrower and the Subsidiaries may make payments in cash to Holdings and any Intermediate Parent:

 

(A)       to
the extent Holdings is required to make any payments under Section 4.01(b) of the Holdings LLC Agreement;

 

(B)       the
proceeds of which shall be used by Holdings or any Intermediate Parent to pay (or to make payments to allow any direct or indirect parent
of Holdings to pay) (1) its operating expenses incurred in the ordinary course of business and other corporate overhead costs and expenses
(including administrative, legal, accounting and similar expenses payable to third parties) that are reasonable and customary and incurred
in the ordinary course of business, in an aggregate amount, together with the aggregate amount of loans and advances to Holdings made
pursuant to Section 6.04(l) in lieu of Restricted Payments permitted by this clause (a)(vii)(B), not to exceed $3,500,000 in any fiscal
year plus any reasonable and customary indemnification claims made by directors or officers of Holdings (or any parent thereof) attributable
to the ownership or operations of the Borrower and the Subsidiaries and (2) fees and expenses (x) due and payable by the Borrower or any
of the Subsidiaries and (y) otherwise permitted to be paid by the Borrower or such Subsidiary under this Agreement;

 

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(C)       the
proceeds of which shall be used by Holdings or any Intermediate Parent to pay (or to make payments to allow any direct or indirect parent
of Holdings to pay) franchise and similar Taxes, and other fees and expenses, required to maintain its corporate existence;

 

(D)       to
finance any Investment permitted to be made pursuant to Section 6.04; provided that (1) such Restricted Payment shall be made substantially
concurrently with the closing of such Investment and (2) Holdings or any Intermediate Parent shall, immediately following the closing
thereof, cause (x) all property acquired (whether assets or Equity Interests but not including any loans or advances made pursuant to
Section 6.04(b)) to be contributed to the Borrower or the Subsidiaries or (y) the Person formed or acquired to merge into or consolidate
with the Borrower or any of the Subsidiaries (to the extent such merger or consolidation is permitted in Section 6.03) in order to consummate
such Investment; and

 

(E)       the
proceeds of which shall be used by Holdings or any Intermediate Parent to pay (or to make payments to allow any direct or indirect parent
thereof to pay) fees and expenses related to any unsuccessful equity or debt offering permitted by this Agreement so long as attributable
to the Borrower and the Subsidiaries;

 

(vi)       so
long as no Default or Event of Default shall have occurred and be continuing or would result therefrom, the Borrower may make additional
Restricted Payments to any Intermediate Parent and Holdings in an aggregate amount not to exceed the Available Amount;

 

(vii)       redemptions
in whole or in part of any of its Equity Interests for another class of its Equity Interests or with proceeds from substantially concurrent
equity contributions or issuances of new Equity Interests; provided that such new Equity Interests contain terms and provisions
at least as advantageous to the Lenders and the Issuing Banks in all respects material to their interests as those contained in the Equity
Interests redeemed thereby;

 

(viii)       so
long as no Event of Default shall have occurred and be continuing or would result therefrom, the Borrower may make Restricted Payments
to Holdings or any Intermediate Parent:

 

(A)       to
provide funds that are used by CWH to pay amounts required to be paid by CWH under the Tax Receivable Agreement;

 

(B)       to
provide funds that are used by Holdings and/or CWH to (1) pay Public Company Expenses, (2) reimburse expenses of CWH to the extent required
by the Holdings LLC Agreement and (3) make indemnification payments to the extent required by the Holdings LLC Agreement;

 

(C)       of
up to $75,000,000 during any fiscal year to provide funds that are used by Holdings to pay regular quarterly dividends ratably to its
unitholders (including CWH), with unused amounts in any calendar year being carried over to the succeeding calendar year; provided
that the funds received by CWH are used to pay regular quarterly dividends to its shareholders; and

 

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(D)       to
provide funds that are used by Holdings for “Cash Settlements” pursuant to the Holdings LLC Agreement; and

 

(ix)         so
long as no Event of Default shall have occurred and be continuing or would result therefrom, the Borrower may make additional Restricted
Payments to any Intermediate Parent and Holdings in an aggregate amount not to exceed the greater of (x) $150,000,000 and (y) 20.0% of
Consolidated EBITDA for the most recently ended Test Period.

 

(b)         The
Borrower will not, and will not permit any Subsidiary to, make or agree to pay or make, directly or indirectly, any payment or other
distribution (whether in cash, securities or other property) of or in respect of principal of or interest on any Restricted Debt, or
any payment or other distribution (whether in cash, securities or other property), including any sinking fund or similar deposit, on
account of the purchase, redemption, retirement, acquisition, cancellation or termination of any Restricted Debt, or any other payment
(including any payment under any Swap Agreement) that has a substantially similar effect to any of the foregoing (collectively, “Restricted
Debt Payments”), except:

 

(i)           payment
of regularly scheduled interest and principal payments as, in the form of payment and when due in respect of any Restricted Debt, other
than payments in respect of any Restricted Debt prohibited by the subordination provisions thereof;

 

(ii)          refinancings
of Restricted Debt to the extent permitted by Section 6.01;

 

(iii)         the
conversion of any Restricted Debt to Equity Interests of Holdings or any of its direct or indirect parent companies;

 

(iv)         so
long as no Default or Event of Default shall have occurred and be continuing or would result therefrom, Restricted Debt Payments in an
aggregate amount not to exceed the Available Amount;

 

(v)          so
long as no Event of Default shall have occurred and be continuing or would result therefrom, Restricted Debt Payments in an aggregate
amount not to exceed the greater of (x) $150,000,000 and (y) 20.0% of Consolidated EBITDA for the most recently ended Test Period; and

 

(vi)         Restricted
Debt payments as part of an “applicable high yield discount obligation” catch-up payment.

 

SECTION 6.08Transactions with
Affiliates. The Borrower will not, and will not permit any Subsidiary to, sell, lease or otherwise transfer any property or
assets to, or purchase, lease or otherwise acquire any property or assets from, or otherwise engage in any other transactions with,
any of its Affiliates, except (a) transactions (i) among the Borrower and the Subsidiary Loan Parties, (ii) among Subsidiaries that
are not Subsidiary Loan Parties and (iii) consisting of Investments by Loan Parties in Subsidiaries that are not Loan Parties
pursuant to Section 6.04(c)(iii) or 6.04(i), (b) on terms substantially as favorable to the Borrower or such Subsidiary as would be
obtainable by such Person at the time in a comparable arm’s-length transaction with a Person other than an Affiliate, (c) the
payment of fees and expenses related to the Transactions, (d) issuances of, and contributions in respect of, Equity Interests of the
Borrower to the extent otherwise permitted by this Agreement, (e) employment and severance arrangements between the Borrower and the
Subsidiaries and their respective officers and employees in the ordinary course of business (including loans and advances pursuant
to Sections 6.04(b) and 6.04(n)), (f) payments by the Borrower and the Subsidiaries pursuant to tax sharing agreements among
Holdings (and any parent thereof), any Intermediate Parent, the Borrower and the Subsidiaries on customary terms to the extent
attributable to the ownership or operation of the Borrower and the Subsidiaries, to the extent payments are permitted by Section
6.07(a)(v)(A), (g) the payment of customary fees and reasonable out-of-pocket costs to, and indemnities provided on behalf of,
directors, officers and employees of Holdings (or any direct or indirect parent entity), any Intermediate Parent, the Borrower and
the Subsidiaries in the ordinary course of business to the extent attributable to the ownership or operation of the Borrower and the
Subsidiaries, (h) transactions pursuant to permitted agreements in existence or contemplated on the Effective Date and set forth on
Schedule 6.08 or any amendment thereto to the extent such an amendment is not adverse to the Lenders or the Issuing Banks in any
material respect, (i) Restricted Payments permitted under Section 6.07, (j) the furnishing of services by the Borrower or any
Subsidiary to or for the benefit of the Borrower or any other Subsidiary in the ordinary course of business, and (k) customary
payments by the Borrower and any Subsidiaries to the Investors made for any financial advisory, consulting, financing, underwriting
or placement services or in respect of other investment banking activities (including in connection with acquisitions or
divestitures), which payments are approved by a majority of the disinterested members of the Board of Directors of Holdings in good
faith.

 

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SECTION 6.09Restrictive Agreements.
The Borrower will not, and will not permit any Subsidiary to, directly or indirectly, enter into, incur or permit to exist any
agreement or other arrangement that prohibits, restricts or imposes any condition upon (a) the ability of the Borrower or any
Subsidiary Loan Party to create, incur or permit to exist any Lien upon any of its property or assets to secure the Secured
Obligations or (b) the ability of any Subsidiary that is not a Loan Party to pay dividends or other distributions with respect to
any of its Equity Interests or to make or repay loans or advances to any Subsidiary or to Guarantee Indebtedness of any Subsidiary; provided
that the foregoing clauses (a) and (b) shall not apply to any such restrictions that (i) (x) exist on the Effective Date and (to the
extent not otherwise permitted by this Section 6.09) are set forth on Schedule 6.09 and (y) any renewal or extension of a
restriction permitted by clause (i)(x) or any agreement evidencing such restriction so long as such renewal or extension does not
expand the scope of such restrictions, (ii) (x) are binding on a Subsidiary at the time such Subsidiary first becomes a Subsidiary,
so long as such restrictions were not entered into in contemplation of such Person becoming a Subsidiary and (y) any renewal or
extension of a restriction permitted by clause (ii)(x) or any agreement evidencing such restriction so long as such renewal or
extension does not expand the scope of such restriction, (iii) are contained in Indebtedness of a Subsidiary that is not a Loan
Party that is permitted by Section 6.01, (iv) are customary restrictions that arise in connection with any Disposition permitted by
Section 6.05 applicable pending such Disposition solely to the assets subject to such Disposition, (v) are customary provisions in
joint venture agreements and other similar agreements applicable to joint ventures permitted under Section 6.04, (vi) are negative
pledges and restrictions on Liens in favor of any holder of Indebtedness permitted under Section 6.01 but solely to the extent any
negative pledge relates to the property financed by such Indebtedness, (vii) are imposed by applicable law, (viii) are customary
restrictions contained in leases, subleases, licenses, sublicenses or asset sale agreements otherwise permitted hereby so long as
such restrictions relate only to the assets subject thereto, (ix) comprise restrictions imposed by any agreement relating to secured
Indebtedness permitted pursuant to Section 6.01(a)(v) to the extent that such restrictions apply only to the property or assets
securing such Indebtedness, (x) are customary provisions restricting subletting or assignment of any lease governing a leasehold
interest of the Borrower or any Subsidiary, (xi) are customary provisions restricting assignment of any license, lease or other
agreement, (xii) are restrictions on cash (or Permitted Investments) or deposits imposed by customers under contracts entered into
in the ordinary course of business (or otherwise constituting Permitted Encumbrances on such cash or Permitted Investments or
deposits), (xiii) are customary net worth provisions contained in real property leases or licenses of intellectual property entered
into by the Borrower or any Subsidiary, 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 Borrower and its subsidiaries to meet their ongoing obligation, (xiv) set
forth in any agreement evidencing or governing any Indebtedness permitted under Section 6.01 if (A) the relevant restrictions, when
taken as a whole, are not materially less favorable to the Lenders and the Issuing Banks than the restrictions contained in this
Agreement, when taken as a whole (as reasonably determined by the Borrower) or (B) the relevant restrictions reflect market terms
and conditions (when taken as a whole and as reasonably determined by the Borrower) and the Borrower shall have reasonably
determined that such restrictions would not reasonably be expected to impair in any material respect the ability of the Borrower and
the other Loan Parties to meet their obligations under this Agreement and the other Loan Documents, including their obligations
under Section 5.11 or (xv) are imposed on FreedomRoads Entities by the FreedomRoads Floorplan Credit Agreement.

 

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SECTION 6.10Amendment of Restricted Debt.
The Borrower will not, and will not permit any Subsidiary to, amend, modify, waive, terminate or release the documentation governing any
Restricted Debt, in each case if the effect of such amendment, modification, waiver, termination or release is materially adverse to the
Lenders or the Issuing Banks (it being agreed that a certificate of a Responsible Officer of the Borrower delivered to the Administrative
Agent, together with a summary description or a copy of the applicable amendment, modification, waiver, termination or release, stating
that the Borrower has determined in good faith that such amendment, modification, waiver, termination or release is not materially adverse
to the Lenders and the Issuing Banks shall be conclusive evidence thereof unless the Administrative Agent notifies the Borrower in writing
within five Business Days of receiving such certificate that it disagrees with such determination (including a reasonable description
of the basis upon which it disagrees)); provided, that, for purposes of clarity, it is understood and agreed that the foregoing limitation
shall not otherwise prohibit any Restricted Debt Payment that is permitted under Section 6.07(b).

 

SECTION 6.11Financial Performance Covenant.
With respect to the Revolving Facility only, except with the written consent of the Required Revolving Lenders, the Borrower will not
permit the Total Net Leverage Ratio as of the last day of any Test Period to exceed 3.75 to 1.00:

 

Notwithstanding the foregoing, this Section 6.11
shall be in effect (and shall only be in effect) as of the last day of any Test Period if the sum of (i) the aggregate principal amount
of all Revolving Loans and Swingline Loans and (ii) the aggregate LC Exposure (excluding (i) the portion thereof up to $15,000,000 attributable
to any outstanding undrawn Letters of Credit and (ii) the portion thereof attributable to any Letters of Credit to the extent cash collateralized
or backstopped pursuant to arrangements satisfactory to the relevant Issuing Bank) at such time is greater than 35.0% of the aggregate
Revolving Commitments at such time;

 

SECTION 6.12Changes in Fiscal Periods.
The Borrower will not make any change in its fiscal year; provided that the Borrower may, upon written notice to the Administrative
Agent, change its 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 the other Loan
Documents that are necessary to reflect such change in fiscal year.

 

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SECTION 6.13Holding Company.

 

(a)         Holdings
and any Intermediate Parent will not conduct, transact or otherwise engage in any business or operations other than (i) the
ownership and/or acquisition of the Equity Interests of the Borrower and any Intermediate Parent, (ii) the maintenance of its legal
existence, including the ability to incur fees, costs and expenses relating to such maintenance, (iii) participating in tax,
accounting and other administrative matters as a member of the consolidated group of CWH, Holdings, any Intermediate Parent and the
Borrower, (iv) the performance of its obligations under and in connection with its Organizational Documents, the Loan Documents, any
document entered into in respect of any Guarantee of any Indebtedness of the Borrower or any Subsidiary permitted by Section 6.01
(other than any FreedomRoads Floorplan Indebtedness) and any other agreements contemplated hereby and thereby, (v) issuing and
selling its Equity Interests, including the costs, fees and expenses related thereto, and making any dividend or other distribution
on account of, or any redemption, retirement, sinking fund or similar payment, purchase or other acquisition for value of, any of
its Equity Interests, (vi) incurring fees, costs and expenses relating to overhead and general operating including professional fees
for legal, tax and accounting issues, and paying taxes, (vii) providing usual and customary indemnification to officers and
directors, (viii) activities in connection with or incidental to the consummation of the Transactions and the IPO Transactions,
including any activities in connection with or incidental to the Tax Receivable Agreement, the Holdings LLC Agreement or any other
agreement entered into in connection with or incidental to the IPO Transactions, (ix) holding the proceeds of capital raises
(whether debt or equity) not prohibited by the Loan Documents, (x) activities and contractual rights incidental to the maintenance
and administration of stock plans, (xi) guaranteeing obligations under leases of the Borrower and its Subsidiaries and (xii)
activities incidental to the businesses or activities described in clauses (i) to (xi) above.

 

(b)         Holdings
and any Intermediate Parent will not own or acquire any material assets (other than Equity Interests as referred to in paragraph (a)(i)
above, cash and Permitted Investments or intercompany Investments in any Intermediate Parent or the Borrower or to the extent such asset
is only held for a limited period prior to being transferred to the Borrower) or incur any Indebtedness (other than any Guarantee of Indebtedness
created under the Loan Documents or of other Indebtedness of the Borrower or any Subsidiary permitted by Section 6.01 (other than any
FreedomRoads Floorplan Indebtedness)) or issue any Disqualified Equity Interest.

 

(c)          Holdings
and any Intermediate Parent will not create, incur, assume or permit to exist any Lien on any property or asset now owned or
hereafter acquired by it, other than (i) the Liens created under the Loan Documents to which it is a party, (ii) Liens on any
Collateral that are secured on a pari passu basis with or junior basis to the Liens on such Collateral securing the Credit
Facilities, so long as such Liens secure Guarantees permitted under paragraph (b) above and the underlying Indebtedness subject to
such Guarantee is permitted to be secured on the same basis pursuant to Section 6.02 and (iii) Permitted Encumbrances and Liens
permitted by Sections 6.02(f), 6.02(o)(i) and 6.02(o)(ii).

 

SECTION 6.14FreedomRoads Entities. Notwithstanding
anything set forth in any Loan Document, nothing in any Loan Document will restrict any FreedomRoads Entity in a manner that would be
prohibited under Section 7.21 of the FreedomRoads Floorplan Credit Agreement as in effect on the Effective Date or any comparable provision
of any other FreedomRoads Floorplan Credit Agreement.

 

ARTICLE VII

EVENTS OF DEFAULT

 

SECTION 7.01Events of Default. If any
of the following events (any such event, an “Event of Default”) shall occur:

 

(a)         any
Loan Party shall fail to pay any principal of any Loan or any reimbursement obligation in respect of any LC Disbursement when and as the
same shall become due and payable, whether at the due date thereof or at a date fixed for prepayment thereof or otherwise;

 

(b)         any
Loan Party shall fail to pay any interest on any Loan or any fee or any other amount (other than an amount referred to in paragraph (a)
of this Section) payable under any Loan Document, when and as the same shall become due and payable, and such failure shall continue
unremedied for a period of three Business Days;

 

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(c)         any
representation or warranty made or deemed made by or on behalf of Holdings, the Borrower or any of its Subsidiaries in or in connection
with any Loan Document or any amendment or modification thereof or waiver thereunder, or in any report, certificate, financial statement
or other document furnished pursuant to or in connection with any Loan Document or any amendment or modification thereof or waiver thereunder,
shall prove to have been incorrect in any material respect when made or deemed made;

 

(d)         Holdings,
any Intermediate Parent, the Borrower or any of its Subsidiaries shall fail to observe or perform (i) any covenant, condition or agreement
contained in Section 5.02(a), 5.04 (with respect to the existence of Holdings or the Borrower) or 5.10 or in Article VI (other than Section
6.11) or (ii) the Financial Performance Covenant contained in Section 6.11; provided that a Default as a result of a breach of
Section 6.11 is subject to cure pursuant to Section 7.02; provided further that an Event of Default under the Financial Performance
Covenant shall not constitute an Event of Default with respect to any Term Loan unless and until (A) the Revolving Lenders have actually
declared all outstanding obligations under the Revolving Loans to be immediately due and payable in accordance with this Agreement as
a result of the Borrower’s failure to perform or observe the Financial Performance Covenant or (B) such Event of Default results
in a cross-default to other Material Indebtedness of Holdings, the Borrower or any of its Subsidiaries, such Indebtedness is accelerated
and such acceleration would otherwise cause an Event of Default hereunder;

 

(e)         Holdings,
any Intermediate Parent, the Borrower or any of its Subsidiaries shall fail to observe or perform any covenant, condition or agreement
contained in any Loan Document (other than those specified in paragraph (a), (b) or (d) of this Section), and such failure shall continue
unremedied for a period of 30 days after notice thereof from the Administrative Agent to the Borrower;

 

(f)         Holdings,
any Intermediate Parent, the Borrower or any of its Subsidiaries shall fail to make any payment (whether of principal or interest and
regardless of amount) in respect of any Material Indebtedness, when and as the same shall become due and payable (after giving effect
to any applicable grace period);

 

(g)         any
event or condition occurs that results in any Material Indebtedness becoming due prior to its scheduled maturity or that enables or permits
(with all applicable grace periods having expired) the holder or holders of any Material Indebtedness or any trustee or agent on its
or their behalf to cause any Material Indebtedness to become due, or to require the prepayment, repurchase, redemption or defeasance
thereof, prior to its scheduled maturity; provided that this paragraph (g) shall not apply to (i) secured Indebtedness that becomes
due as a result of the sale, transfer or other disposition (including as a result of a casualty or condemnation event) of the property
or assets securing such Indebtedness (to the extent such sale, transfer or other disposition is not prohibited under this Agreement)
or (ii) termination events or similar events (other than events in the nature of defaults or events of default) occurring under any Swap
Agreement that constitutes Material Indebtedness (it being understood that paragraph (f) of this Section will apply to any failure to
make any payment required as a result of any such termination or similar event);

 

(h)         an
involuntary proceeding shall be commenced or an involuntary petition shall be filed seeking (i) liquidation, court protection, reorganization
or other relief in respect of Holdings, any Intermediate Parent, the Borrower or any Material Subsidiary or its debts, or of a material
part of its assets, under any Federal, state or foreign bankruptcy, insolvency, receivership or similar law now or hereafter in effect
or (ii) the appointment of a receiver, trustee, custodian, examiner, sequestrator, conservator or similar official for Holdings, any
Intermediate Parent, the Borrower or any Material Subsidiary or for a material part of its assets, and, in any such case, such proceeding
or petition shall continue undismissed or unstayed for 60 days or an order or decree approving or ordering any of the foregoing shall
be entered;

 

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(i)          Holdings,
any Intermediate Parent, the Borrower or any other Material Subsidiary shall (i) voluntarily commence any proceeding or file any petition
seeking liquidation, court protection, reorganization or other relief under any Federal, state or foreign bankruptcy, insolvency, receivership
or similar law now or hereafter in effect, (ii) consent to the institution of, or fail to contest in a timely and appropriate manner,
any proceeding or petition described in paragraph (h) of this Section, (iii) apply for or consent to the appointment of a receiver, trustee,
examiner, custodian, sequestrator, conservator or similar official for Holdings, any Intermediate Parent, the Borrower or any Material
Subsidiary or for a material part of its assets, (iv) file an answer admitting the material allegations of a petition filed against it
in any such proceeding or (v) make a general assignment for the benefit of creditors;

 

(j)          one
or more enforceable judgments for the payment of money in an aggregate amount in excess of $50,000,000 (to the extent not covered by
insurance as to which the insurer has been notified of such judgment or order and has not denied coverage) shall be rendered against
Holdings, any Intermediate Parent, the Borrower and any of its Subsidiaries or any combination thereof and the same shall remain undischarged
for a period of 60 consecutive days during which execution shall not be effectively stayed, or any judgment creditor shall legally attach
or levy upon assets of Holdings, any Intermediate Parent, the Borrower or any of its Subsidiaries to enforce any such judgment;

 

(k)         (i)
an ERISA Event occurs that has resulted or could reasonably be expected to result in liability of any Loan Party in an aggregate amount
that could reasonably be expected to result in a Material Adverse Effect, or (ii) any 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 in an aggregate amount that could reasonably be expected to result in a Material Adverse
Effect;

 

(l)          any
Lien purported to be created under any Security Document shall cease to be, or shall be asserted by any Loan Party not to be, a valid
and perfected Lien on any material portion of the Collateral, with the priority required by the applicable Security Document, except
(i) as a result of the sale or other disposition of the applicable Collateral in a transaction permitted under the Loan Documents, (ii)
as a result of the Administrative Agent’s failure to maintain possession of any stock certificates, promissory notes, certificates
of title or other instruments delivered to it under the Security Documents or (iii) as to Collateral consisting of real property to the
extent that such losses are covered by a lender’s title insurance policy and such insurer has not denied coverage;

 

(m)        any
material provision of any Loan Document or any Guarantee of the Loan Document Obligations shall for any reason be asserted by any Loan
Party not to be a legal, valid and binding obligation of any Loan Party that is party thereto other than as expressly permitted hereunder
or thereunder;

 

(n)         any
Guarantees of the Loan Document Obligations by any Loan Party pursuant to the Guarantee Agreement shall cease to be in full force and
effect (in each case, other than in accordance with the terms of the Loan Documents); or

 

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(o)         a Change in Control shall occur;

 

then, and in every such event (other than an event with respect to
Holdings, any Intermediate Parent, or the Borrower described in paragraph (h) or (i) of this Section), and at any time thereafter during
the continuance of such event, the Administrative Agent may, and at the request of the Required Lenders shall, by notice to the Borrower,
take either or both of the following actions, at the same or different times: (i) terminate the Commitments, and thereupon the Commitments
shall terminate immediately, and (ii) declare the Loans then outstanding to be due and payable in whole (or in part, in which case any
principal not so declared to be due and payable may thereafter be declared to be due and payable), and thereupon the principal of the
Loans so declared to be due and payable, together with accrued interest thereon and all fees and other obligations of the Borrower accrued
hereunder, shall become due and payable immediately, without presentment, demand, protest or other notice of any kind, all of which are
hereby waived by the Borrower; and in case of any event with respect to Holdings, any Intermediate Parent, or the Borrower described in
paragraph (h) or (i) of this Section, the Commitments shall automatically terminate immediately and the principal of the Loans then outstanding,
together with accrued interest thereon and all fees and other obligations of the Borrower accrued hereunder, shall automatically become
due and payable, without presentment, demand, protest or other notice of any kind, all of which are hereby waived by the Borrower.

 

SECTION 7.02Right to Cure.

 

(a)         Notwithstanding
anything to the contrary contained in Section 7.01, in the event that the Borrower fails to comply with the requirements of the Financial
Performance Covenant as of the last day of any fiscal quarter of the Borrower, at any time after the beginning of such fiscal quarter
until the expiration of the tenth day subsequent to the earlier of (i) the date on which a Compliance Certificate with respect to such
fiscal quarter (or the fiscal year ended on the last day of such fiscal quarter) is delivered in accordance with Section 5.01(c) and (ii)
the date on which the financial statements with respect to such fiscal quarter (or the fiscal year ended on the last day of such fiscal
quarter) are required to be delivered pursuant to Section 5.01(a) or (b), as applicable, Holdings shall have the right to issue Qualified
Equity Interests for cash or otherwise receive cash contributions to the capital of Holdings as cash common equity or other Qualified
Equity Interests in a form reasonably acceptable to the Administrative Agent (which Holdings shall contribute (if applicable, through
the Intermediate Parents) to the Borrower as cash common equity) (collectively, the “Cure Right”), and upon the receipt
by the Borrower of the Net Proceeds of such issuance that are Not Otherwise Applied (the “Cure Amount”) pursuant to
the exercise by Holdings of such Cure Right, the Financial Performance Covenant shall be recalculated giving effect to the following pro
forma adjustment:

 

(i)          Consolidated
EBITDA shall be increased with respect to such applicable fiscal quarter and any Test Period that contains such fiscal quarter, solely
for the purpose of measuring the Financial Performance Covenant and not for any other purpose under this Agreement, by an amount equal
to the Cure Amount; and

 

(ii)          if,
after giving effect to the foregoing pro forma adjustment (without giving effect to any repayment of any Indebtedness with any portion
of the Cure Amount or any portion of the Cure Amount on the balance sheet of the Borrower and its Subsidiaries, in each case, with respect
to such fiscal quarter only), the Borrower shall then be in compliance with the requirements of the Financial Performance Covenant, the
Borrower shall be deemed to have satisfied the requirements of the Financial Performance Covenant as of the relevant date of determination
with the same effect as though there had been no failure to comply therewith at such date, and the applicable breach or default of the
Financial Performance Covenant that had occurred shall be deemed cured for the purposes of this Agreement;

 

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provided that the Borrower shall have notified the Administrative
Agent of the exercise of such Cure Right within five Business Days of the issuance of the relevant Qualified Equity Interests for cash
or the receipt of the cash contributions by Holdings.

 

(b)         Notwithstanding
anything herein to the contrary, (i) in each four consecutive fiscal quarter period of the Borrower there shall be at least two fiscal
quarters in which the Cure Right is not exercised, (ii) during the term of this Agreement, the Cure Right shall not be exercised more
than five times and (iii) the Cure Amount shall be no greater than the amount required for purposes of complying with the Financial Performance
Covenant and any amounts in excess thereof shall not be deemed to be a Cure Amount. Notwithstanding any other provision in this Agreement
to the contrary, the Cure Amount received pursuant to any exercise of the Cure Right shall be disregarded for purposes of determining
any financial ratio-based condition, pricing provision or available basket under this Agreement.

 

ARTICLE VIII

ADMINISTRATIVE AGENT

 

SECTION 8.01Appointment and Authorization
of Agents. Each Lender hereby irrevocably appoints Goldman Sachs Bank USA to act on its behalf as the Administrative Agent hereunder
and under the other Loan Documents and authorizes the Administrative Agent to take such actions on its behalf and to exercise such powers,
rights and remedies as are delegated to the Administrative Agent by the terms hereof or thereof, together with such actions and powers,
rights and remedies as are reasonably incidental thereto. In performing its functions and duties hereunder, each Agent Party shall act
solely as an agent of Lenders and does not assume and shall not be deemed to have assumed any obligation towards or relationship of agency
or trust with or for Holdings, any Intermediate Parent, the Borrower or any of the Subsidiaries. The provisions of this Article are solely
for the benefit of the Agent Parties and the Lenders (including the Swingline Lenders) and the Issuing Banks, and neither Holdings nor
the Borrower shall not have rights as a third-party beneficiary of any of such provisions (except as to the consent rights of the Borrower
set forth in Section 8.07). It is understood and agreed that the use of the term “agent” herein or in any other Loan Documents
(or any other similar term) with reference to any Agent Party 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 as a matter of market custom, and is intended to create
or reflect only an administrative relationship between independent contracting parties.

 

Each Issuing Bank shall act on behalf of the Revolving
Lenders with respect to any Letters of Credit issued by it and the documents associated therewith, and each Issuing Bank shall have all
of the benefits and immunities (a) provided to Agent Parties in this Article with respect to any acts taken or omissions suffered by such
Issuing Bank in connection with Letters of Credit issued by it or proposed to be issued by it and the documents pertaining to such Letters
of Credit as fully as if the term “Agent Party” as used in this Article and the definition of “Agent Parties”
included such Issuing Bank with respect to such acts or omission, and (b) as additionally provided herein with respect to each Issuing
Bank.

 

SECTION 8.02Rights as a Lender. Each Agent
Party shall have the same rights and powers in its capacity as a Lender or an Issuing Bank as any other Lender or Issuing Bank, as the
case may be, and may exercise the same as though it were not an Agent Party hereunder, and the term “Lender” or “Lenders”
shall, unless otherwise expressly indicated or unless the context otherwise requires, include any Person serving as an Agent Party hereunder
in its individual capacity. The agency hereby created shall in no way impose any duties or obligations upon any Agent Party in its individual
capacity as a Lender hereunder. Each such Person and its Affiliates may accept deposits from, lend money to, own securities of, act as
the financial advisor or in any other advisory capacity for, and generally engage in any kind of business with, the Borrower or any Subsidiary
or other Affiliate thereof as if such Person were not an Agent Party hereunder and without any duty to account therefor to the Lenders.

 

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SECTION 8.03         Exculpatory
Provisions.

 

(a)           The
Administrative Agent shall not have any duties or obligations except those expressly set forth herein and in the other Loan Documents,
and its duties hereunder shall be administrative in nature, and none of the Syndication Agent, the Documentation Agent or, except as expressly
set forth herein, any Arranger shall have any duties or obligations hereunder. Without limiting the generality of the foregoing, the Administrative
Agent shall not (i) be subject to any fiduciary or other implied duties, regardless of whether a Default has occurred and is continuing;
(ii) have any duty to take any discretionary action (including the failure to take an action) or exercise any discretionary powers,
except (in the case of the Administrative Agent) discretionary rights and powers expressly contemplated hereby or by the other Loan Documents
(including in connection with any transaction contemplated by Section 2.22, 2.23 or 2.24, including as to the calculation of Effective
Yield and determination of the terms and conditions of, and the execution and delivery of, any Acceptable Intercreditor Agreement) and
which the Administrative Agent is required to exercise as directed in writing by the Required Lenders or Required Revolving Lenders (or
such other number or percentage of the Lenders as shall be necessary, or as the Administrative Agent believes in good faith shall be necessary,
under the relevant circumstances as provided in Section 9.02); provided that the Administrative Agent shall not be required
to take any action that, in its opinion or the opinion of its counsel, may expose the Administrative Agent to liability or that is contrary
to any Loan Document or applicable law, including for the avoidance of doubt any action that may be in violation of the automatic stay
under any Debtor Relief Law or that may effect a forfeiture, modification or termination of property of a Defaulting Lender in violation
of any Debtor Relief Law; and (iii) except as expressly set forth herein and in the other Loan Documents, have any duty to disclose,
and shall not be liable for the failure to disclose, any information relating to the Borrower or any of its Affiliates that is communicated
to or obtained by the Administrative Agent or any of its Affiliates in any capacity.

 

(b)           Neither
the Administrative Agent nor any of its officers, directors, employees or agents shall be liable for any action taken or not taken by
it under or in connection with any of the Loan Documents, including with the consent or at the request of the Required Lenders (or such
other number or percentage of the Lenders as shall be necessary, or as the Administrative Agent shall believe in good faith shall be necessary,
under the circumstances as provided in Article VII and Section 9.02), except to the extent caused by its own gross negligence,
bad faith or willful misconduct as determined by a court of competent jurisdiction by final and nonappealable judgment. Anything contained
herein to the contrary notwithstanding, the Administrative Agent shall not have any liability arising from confirmations of the amount
of outstanding Loans or the LC Exposure or the component amounts thereof. Without limiting the generality of the foregoing, the Administrative
Agent shall not be liable to the Lenders or any other Secured Party for, or be responsible for any loss, cost or expense suffered by any
Lender or any other Secured Party as a result of, any determination of the Effective Yield or the terms and conditions of any Acceptable
Intercreditor Agreement. The Administrative Agent shall not be deemed to have knowledge or notice of the occurrence of any Default unless
and until the Administrative Agent shall have received written notice from a Lender, an Issuing Bank or the Borrower referring to this
Agreement, describing such Default and stating that such notice is a “notice of default”.

 

(c)           No
Agent Party shall be responsible for or have any duty to ascertain or inquire into (i) any statement, warranty or
representation made in or in connection with this Agreement or any other Loan Document, (ii) the contents of any financial or
other statements, instruments, certificate, report or other document delivered hereunder or thereunder or in connection herewith or
therewith (including any telephonic notice, electronic message, Internet or intranet website posting or other distribution),
(iii) the performance or observance of any of the covenants, agreements or other terms or conditions set forth herein or
therein or the occurrence of any Default, (iv) the validity, enforceability, effectiveness, collectability or sufficiency or
genuineness of this Agreement, any other Loan Document or any other agreement, instrument or document or (v) the satisfaction
of any condition set forth in Article IV or elsewhere herein, other than (in the case of the Administrative Agent) to confirm
receipt of items expressly required to be delivered to it.

 

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SECTION 8.04         Reliance
by Administrative Agent. The Administrative Agent shall be entitled to rely upon, and shall not incur any liability for relying upon,
any communication, notice, request, certificate, consent, statement, instrument, document or other writing (including any electronic message, Internet
or intranet website posting or other distribution) believed by it to be genuine and to have been signed, sent or otherwise authenticated
by the proper Person. The Administrative Agent also may rely upon any statement made to it orally or by telephone and believed by it to
have been made by the proper Person, and shall not incur any liability for relying thereon. In determining compliance with any condition
hereunder to any credit extension that by its terms shall be fulfilled to the satisfaction of a Lender or an Issuing Bank, the Administrative
Agent may presume that such condition is satisfactory to such Lender or such Issuing Bank unless the Administrative Agent shall have received
notice to the contrary from such Lender or such Issuing Bank prior to any such credit extension. The Administrative Agent may consult
with legal counsel (who may be counsel for the Borrower), independent accountants and other experts or professional advisors selected
by it, and shall not be liable for any action taken or not taken by it in accordance with the advice of any such counsel, accountants
or experts.

 

SECTION 8.05         Delegation
of Duties. The Administrative Agent may perform any and all of its duties and exercise its rights and powers hereunder or under any
other Loan Document by or through any one or more sub-agents appointed by the Administrative Agent. The Administrative Agent and any such
sub-agent may perform any and all of its duties and exercise its rights and powers by or through their respective Related Parties. The
exculpatory provisions of this Article shall apply to any such sub-agent and to the Related Parties of the Administrative Agent and
any such sub-agent, and shall apply to their respective activities in connection with the syndication of the Loans as well as activities
as Administrative Agent. The Administrative Agent shall not be responsible for the negligence or misconduct of any sub-agents except to
the extent that a court of competent jurisdiction determines in a final and nonappealable judgment that the Administrative Agent acted
with gross negligence, bad faith or willful misconduct in the selection of such sub-agents.

 

SECTION 8.06         Indemnification
of the Administrative Agent. Whether or not the transactions contemplated hereby are consummated, each Lender shall indemnify
upon demand each Agent Party (to the extent not reimbursed by or on behalf of the Loan Parties and without limiting the obligations
of any Loan Party to do so) on a pro rata basis (determined as of the time that the applicable payment is sought based on each
Lender’s ratable share at such time) and hold harmless each Agent Party against any and all liabilities, obligations, losses,
damages, penalties, actions, judgments, suits, costs, expenses (including counsel fees and disbursements) or disbursements of any
kind or nature whatsoever which may be imposed on, incurred by or asserted against such Agent Party in exercising its powers, rights
and remedies or performing its duties hereunder or under the other Loan Documents or otherwise in its capacity as such Agent Party
in any way relating to or arising out of this Agreement, the other Loan Documents, or any Letter of Credit or the use of proceeds
thereof (“Indemnified Liabilities”); provided that (a) no Lender shall be liable for payment to any
Agent Party of any portion of such Indemnified Liabilities to the extent determined in a final, nonappealable judgment of a court of
competent jurisdiction to have resulted from such Agent Party’s own gross negligence or willful misconduct (and no action
taken in accordance with the directions of the Required Lenders shall be deemed to constitute gross negligence or willful misconduct
for purposes of this Section) and (b) to the extent any Issuing Bank or Swingline Lender is entitled to indemnification under
this Section solely in its capacity and role as an Issuing Bank or as a Swingline Lender, as applicable, only the Revolving
Lenders shall be required to indemnify such Issuing Bank or such Swingline Lender, as the case may be, in accordance with this
Section (determined as of the time that the applicable payment is sought based on each Revolving Lender’s Revolving
Exposure and unused Revolving Commitment at such time or, if there are no outstanding Revolving Exposures and unused Revolving
Commitments at such time, the Revolving Exposures and unused Revolving Commitments most recently in effect). In the case of any
investigation, litigation or proceeding giving rise to any Indemnified Liabilities, this Section 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
the fees, disbursements and other charges of counsel) incurred by the Administrative Agent in connection with preparation,
execution, delivery, administration, modification, amendment or enforcement (whether through negotiations, legal proceedings or
otherwise) of, or legal advice in respect of rights and 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 costs or
expenses by or on behalf of the Borrower (but without limitation of the Borrower’s obligations to provide such
reimbursement).

 

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SECTION 8.07         Resignation
of Administrative Agent. The Administrative Agent may resign as Administrative Agent upon 20 days’ notice to the Lenders, the
Issuing Banks and the Borrower. Upon receipt of any such notice of resignation, the Required Lenders shall appoint from among the Lenders
a successor agent (which may be an Affiliate of a Lender), with the consent of the Borrower at all times other than during the existence
of an Event of Default under Section 7.01(a), (f), (g) or (h) (which consent shall not be unreasonably withheld or delayed).
If no such successor shall have been so appointed by the Required Lenders and shall have accepted such appointment prior to the effective
date of the resignation of the Administrative Agent, then the Administrative Agent may (but shall not be obligated to), on behalf of the
Lenders and the Issuing Banks, appoint a successor Administrative Agent from among the Lenders or a commercial bank with a combined capital
and surplus of at least $500,000,000 that can act as a withholding agent for U.S. federal income tax purposes. Whether or not a successor
has been appointed, such resignation shall become effective in accordance with such notice on such effective date, whereupon (a) the
retiring Administrative Agent shall be discharged from its duties and obligations hereunder and under the other Loan Documents (except
that in the case of any collateral security held by the Administrative Agent on behalf of the Lenders or the Issuing Banks under any of
the Loan Documents, the retiring Administrative Agent may (but shall not be obligated to) continue to hold such collateral security until
such time as a successor Administrative Agent is appointed) and (b) all payments, communications and determinations provided to be
made by, to or through the Administrative Agent shall instead be made by or to each Lender and Issuing Bank directly, until such time,
if any, as the Required Lenders appoint a successor Administrative Agent as provided for above. Upon the acceptance of a successor’s
appointment as Administrative Agent hereunder, such successor shall succeed to and become vested with all of the rights, powers, privileges
and duties of the retiring Administrative Agent, and the retiring Administrative Agent shall be discharged from all of its duties and
obligations hereunder or under the other Loan Documents. The fees payable by the Borrower to a successor Administrative Agent shall be
the same as those payable to its predecessor unless otherwise agreed between the Borrower and such successor. After the retiring Administrative
Agent’s resignation hereunder and under the other Loan Documents, the provisions of this Article and Section 9.03 shall
continue in effect for the benefit of such retiring Administrative Agent, its sub-agents and their respective Related Parties in respect
of any actions taken or omitted to be taken by any of them while the retiring Administrative Agent was acting as Administrative Agent.
Any resignation of any Administrative Agent pursuant to this Section 8.07 shall, if applicable, also constitute the resignation of
such Administrative Agent as Swingline Lender and/or Issuing Bank.

 

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SECTION 8.08         Non-Reliance
on Agents and Other Lenders.

 

(a)           Each
Lender and each Issuing Bank acknowledges that it has, independently and without reliance upon any Agent Party or any other Lender or
any of their Related Parties and based on such documents and information as it has deemed appropriate, made its own credit analysis and
decision to enter into this Agreement. Each Lender and each Issuing Bank also acknowledges that it will, independently and without reliance
upon any Agent Party or any other Lender or any of their Related Parties and based on such documents and information as it shall from
time to time deem appropriate, continue to make its own decisions in taking or not taking action under or based upon this Agreement, any
other Loan Document or any related agreement or any document furnished hereunder or thereunder. Notwithstanding anything herein to the
contrary, neither the Administrative Agent nor any of its Related Parties shall have any liability arising from, or be responsible for
any loss, claim, demand, damage, liability, cost or expense suffered by any Person on account of any determination that any Lender is
a Defaulting Lender or an Affiliated Lender, or the effective date of such status, it being further understood and agreed that the Administrative
Agent shall not have any obligation to determine whether any Lender is a Defaulting Lender or an Affiliated Lender.

 

(b)           If
the Administrative Agent notifies a Lender, Issuing Bank or Secured Party, or any Person who has received funds on behalf of a Lender, Issuing
Bank or Secured Party (any such Lender, Issuing Bank, Secured Party or other recipient, a “Payment Recipient”)
that the Administrative Agent has determined in its sole discretion (whether or not after receipt of any notice under immediately succeeding
clause (c)) that any funds received by such Payment Recipient from the Administrative Agent or any of its Affiliates were erroneously
transmitted to, or otherwise erroneously or mistakenly received by, such Payment Recipient (whether or not known to such Lender, Issuing
Bank, Secured Party or other Payment Recipient on its behalf) (any such funds, whether received as a payment, prepayment or repayment
of principal, interest, fees, distribution or otherwise, individually and collectively, an “Erroneous Payment”) and
demands the return of such Erroneous Payment (or a portion thereof), such Erroneous Payment shall at all times remain the property of
the Administrative Agent and shall be segregated by the Payment Recipient and held in trust for the benefit of the Administrative Agent,
and such Lender, Issuing Bank or Secured Party shall (or, with respect to any Payment Recipient who received such funds on its behalf,
shall cause such Payment Recipient to) promptly, but in no event later than two Business Days thereafter, return to the Administrative
Agent the amount of any such Erroneous Payment (or portion thereof) as to which such a demand was made, in same day funds (in the currency
so received), together with interest thereon in respect of each day from and including the date such Erroneous Payment (or portion thereof)
was received by such Payment Recipient to the date such amount is repaid to the Administrative Agent in same day funds at the greater
of the NYFRB Rate and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation
from time to time in effect. A notice of the Administrative Agent to any Payment Recipient under this clause (b) shall be conclusive,
absent manifest error.

 

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(c)           Without
limiting immediately preceding clause (b), each Lender, Issuing Bank or Secured Party, or any Person who has received funds on
behalf of a Lender, Issuing Bank or Secured Party, hereby further agrees that if it receives a payment, prepayment or repayment
(whether received as a payment, prepayment or repayment of principal, interest, fees, distribution or otherwise) from the
Administrative Agent (or any of its Affiliates) (x) that is in a different amount than, or on a different date from, that
specified in a notice of payment, prepayment or repayment sent by the Administrative Agent (or any of its Affiliates) with respect
to such payment, prepayment or repayment, (y) that was not preceded or accompanied by a notice of payment, prepayment or
repayment sent by the Administrative Agent (or any of its Affiliates), or (z) that such Lender, Issuing Bank or Secured
Party, or other such recipient, otherwise becomes aware was transmitted, or received, in error or by mistake (in whole or in part)
in each case:

 

(i)            (A) in
the case of immediately preceding clauses (x) or (y), an error shall be presumed to have been made (absent written confirmation from
the Administrative Agent to the contrary) or (B) an error has been made (in the case of immediately preceding clause (z)), in each
case, with respect to such payment, prepayment or repayment; and

 

(ii)           such
Lender, Issuing Bank or Secured Party shall (and shall cause any other recipient that receives funds on its respective behalf to)
promptly (and, in all events, within one Business Day of its knowledge of such error) notify the Administrative Agent of its receipt of
such payment, prepayment or repayment, the details thereof (in reasonable detail) and that it is so notifying the Administrative Agent
pursuant to this Section 8.08(c).

 

(d)           Each
Lender, Issuing Bank or Secured Party hereby authorizes the Administrative Agent to set off, net and apply any and all amounts at
any time owing to such Lender, Issuing Bank or Secured Party under any Loan Document, or otherwise payable or distributable by the
Administrative Agent to such Lender, Issuing Bank or Secured Party from any source, against any amount due to the Administrative
Agent under immediately preceding clause (b) or under the indemnification provisions of this Agreement.

 

(e)           In
the event that an Erroneous Payment (or portion thereof) is not recovered by the Administrative Agent for any reason, after demand
therefor by the Administrative Agent in accordance with immediately preceding clause (b), from any Lender that has received such
Erroneous Payment (or portion thereof) (and/or from any Payment Recipient who received such Erroneous Payment (or portion thereof)
on its behalf) (such unrecovered amount, an “Erroneous Payment Return Deficiency”), upon the Administrative
Agent’s notice to such Lender at any time, (i) such Lender shall be deemed to have assigned its Loans (but not its
Commitments) of the relevant Class with respect to which such Erroneous Payment was made (the “Erroneous Payment
Impacted Class”) in an amount equal to the Erroneous Payment Return Deficiency (or such lesser amount as the
Administrative Agent may specify) (such assignment of the Loans (but not Commitments) of the Erroneous Payment Impacted Class, the “Erroneous
Payment Deficiency Assignment”) at par plus any accrued and unpaid interest (with the assignment fee to be waived by the
Administrative Agent in such instance), and is hereby (together with the Borrower) deemed to execute and deliver an Assignment and
Assumption (or, to the extent applicable, an agreement incorporating an Assignment and Assumption by reference pursuant to the
Platform as to which the Administrative Agent and such parties are participants) with respect to such Erroneous Payment Deficiency
Assignment, and such Lender shall deliver any notes evidencing such Loans to the Borrower or the Administrative Agent, (ii) the
Administrative Agent as the assignee Lender shall be deemed to acquire the Erroneous Payment Deficiency Assignment, (iii) upon
such deemed acquisition, the Administrative Agent as the assignee Lender shall become a Lender hereunder with respect to such
Erroneous Payment Deficiency Assignment and the assigning Lender shall cease to be a Lender hereunder with respect to such Erroneous
Payment Deficiency Assignment, excluding, for the avoidance of doubt, its obligations under the indemnification provisions of this
Agreement and its applicable Commitments which shall survive as to such assigning Lender and (iv) the Administrative Agent may
reflect in the Register its ownership interest in the Loans subject to the Erroneous Payment Deficiency Assignment. The
Administrative Agent may, in its discretion, sell any Loans acquired pursuant to an Erroneous Payment Deficiency Assignment and upon
receipt of the proceeds of such sale, the Erroneous Payment Return Deficiency owing by the applicable Lender shall be reduced by the
net proceeds of the sale of such Loan (or portion thereof), and the Administrative Agent shall retain all other rights, remedies and
claims against such Lender (and/or against any recipient that receives funds on its behalf). For the avoidance of doubt, no
Erroneous Payment Deficiency Assignment will reduce the Commitments of any Lender and such Commitments shall remain available in
accordance with the terms of this Agreement. In addition, each party hereto agrees that, except to the extent that the
Administrative Agent has sold a Loan (or portion thereof) acquired pursuant to an Erroneous Payment Deficiency Assignment, and
irrespective of whether the Administrative Agent may be equitably subrogated, the Administrative Agent shall be contractually
subrogated to all the rights and interests of the applicable Lender, Issuing Bank or Secured Party under the Loan Documents
with respect to each Erroneous Payment Return Deficiency (the “Erroneous Payment Subrogation Rights”).

 

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(f)            The
parties hereto agree that an Erroneous Payment shall not pay, prepay, repay, discharge or otherwise satisfy any Secured Obligations owed
by the Borrower or any other Loan Party, except, in each case, to the extent such Erroneous Payment is, and solely with respect to the
amount of such Erroneous Payment that is, comprised of funds received by the Administrative Agent from the Borrower or any other Loan
Party.

 

(g)           To
the extent permitted by applicable law, no Payment Recipient shall assert any right or claim to an Erroneous Payment, and hereby waives,
and is deemed to waive, any claim, counterclaim, defense or right of set-off or recoupment with respect to any demand, claim or counterclaim
by the Administrative Agent for the return of any Erroneous Payment received, including without limitation waiver of any defense based
on “discharge for value” or any similar doctrine.

 

(h)           Each
party’s obligations, agreements and waivers under this Section 8.08 shall survive the resignation or replacement of the Administrative
Agent, any transfer of rights or obligations by, or the replacement of, a Lender or Issuing Bank, the termination of the Commitments and/or
the repayment, satisfaction or discharge of all Secured Obligations (or any portion thereof) under any Loan Document.

 

SECTION 8.09         Administrative
Agent May File Proofs of Claim. In case of the pendency of any proceeding under any Debtor Relief Law or any other judicial proceeding
relating to any Loan Party, the Administrative Agent (irrespective of whether the principal of any Loan or obligation under a Letter of
Credit 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 (but not obligated) by intervention in such proceeding
or otherwise:

 

(a)           to
file a verified statement pursuant to rule 2019 of the Federal Rules of Bankruptcy Procedure that in its sole opinion, complies
with such rule’s disclosure requirements for entities representing more than one creditor;

 

(b)           to
file and prove a claim for the whole amount of the principal and interest owing and unpaid in respect of the Loans, all obligations under
Letters of Credit and all other Secured Obligations that are owing and unpaid and to file such other documents as may be necessary or
advisable in order to have the claims of the Lenders, the Issuing Banks and the Administrative Agent (including any claim for the reasonable
compensation, expenses, disbursements and advances of the Lenders, the Issuing Banks and the Administrative Agent and their respective
agents and counsel and all other amounts due to the Lenders, the Issuing Banks and the Administrative Agent under Sections 2.12, 2.13,
2.15, 2.17 and 9.03) allowed in such judicial proceeding; and

 

(c)           to
collect and receive any monies or other property payable or deliverable on any such claims and to distribute the same;

 

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and any custodian, receiver, assignee,
trustee, liquidator, sequestrator or other similar official in any such judicial proceeding is hereby authorized by each Lender and
Issuing Bank 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 and the Issuing Banks, to pay to the Administrative Agent any amount due for the
reasonable compensation, expenses, disbursements and advances of the Administrative Agent and its agents and counsel, and any other
amounts due the Administrative Agent under Sections 2.12 and 9.03. To the extent that the payment of any such compensation,
expenses, disbursements and advances of Administrative Agent, its agents and counsel, and any other amounts due Administrative Agent
under Sections 2.12 and 9.03 out of the estate in any such proceeding, shall be denied for any reason, payment of the same shall be
secured by a Lien on, and shall be paid out of, any and all distributions, dividends, money, securities and other properties that
the Lenders or Issuing Banks may be entitled to receive in such proceeding whether in liquidation or under any plan of
reorganization or arrangement or otherwise.

 

Nothing contained herein shall be deemed to authorize 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 Secured Obligations or the rights of any Lender or to authorize Administrative Agent to vote in respect of the claim
of any Lender in any such proceeding.

 

SECTION 8.10         Withholding
Taxes. To the extent required by any applicable laws, the Administrative Agent may withhold from any payment to any Lender an amount
equivalent to any applicable withholding Tax. Without limiting or expanding the provisions of Section 2.17, each Lender shall indemnify
and hold harmless the Administrative Agent against, and shall make payments in respect thereof within 10 days after demand therefor, any
and all Taxes and any and all related losses, claims, liabilities and expenses (including fees, charges and disbursements of any counsel
for the Administrative Agent) incurred by or asserted against the Administrative Agent by the Internal Revenue Service or any other Governmental
Authority as a result of the failure of the Administrative Agent to properly withhold Tax from amounts paid to or for the account of such
Lender for any reason (including, without limitation, because the appropriate form was not delivered or 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), whether or not such Taxes were correctly or legally imposed or asserted. 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. The agreements in this Section 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 the Commitments
and the repayment, satisfaction or discharge of all other Secured Obligations. For the avoidance of doubt, for purposes of this Section,
the term “Lender” shall include any Issuing Bank and any Swingline Lender.

 

SECTION 8.11         Binding
Effect. Each Secured Party by accepting the benefits of the Loan Documents agrees that (a) any action taken by the Administrative
Agent or the Required Lenders (or, if expressly required hereby, a greater proportion of the Lenders) in accordance with the provisions
of the Loan Documents, (b) any action taken by the Administrative Agent in reliance upon the instructions of Required Lenders (or
such other number or percentage of the Lenders as shall be necessary, or as the Administrative Agent believes in good faith shall be necessary,
under the relevant circumstances as provided in Section 9.02) and (c) the exercise by the Administrative Agent or the Required
Lenders (or, where so required, such greater proportion) of the powers set forth herein or therein, together with such other powers as
are reasonably incidental thereto, shall be authorized and binding upon all of the Secured Parties.

 

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SECTION 8.12         Additional
Secured Parties. The benefit of the provisions of the Loan Documents directly relating to the Collateral or any Lien granted
thereunder shall extend to and be available to any Secured Party that is not a Lender or Issuing Bank party hereto as long as, by
accepting such benefits, such Secured Party agrees, as among the Administrative Agent and all other Secured Parties, that such
Secured Party is bound by (and, if requested by the Administrative Agent shall confirm such agreement in a writing in form and
substance acceptable to the Administrative Agent) this Article VIII, Section 2.17, Section 9.01, Section 9.04,
Section 9.08, Section 9.12 and Section 9.18 and the decisions and actions of the Administrative Agent and the
Required Lenders (or, where expressly required by the terms of this Agreement, a greater proportion of the Lenders or other parties
hereto as required herein) to the same extent a Lender is bound; provided, however, that, notwithstanding the foregoing,
(a) such Secured Party shall be bound by Section 8.10 and Section 9.03 only to the extent of the losses, claims,
damages, liabilities, costs and expenses with respect to or otherwise relating to the Collateral held for the benefit of such
Secured Party, in which case the obligations of such Secured Party thereunder shall not be limited by any concept of pro rata share
or similar concept, (b) each of the Administrative Agent, the Lenders and the Issuing Banks shall be entitled to act at its
sole discretion, without regard to the interest of such Secured Party, regardless of whether any Secured Obligation to such Secured
Party thereafter remains outstanding, is deprived of the benefit of the Collateral, becomes unsecured or is otherwise affected or
put in jeopardy thereby, and without any duty or liability to such Secured Party and (c) except as otherwise set forth herein,
such Secured Party shall not have any right to be notified of, consent to, direct, require or be heard with respect to, any action
taken or omitted in respect of the Collateral or under any Loan Document.

 

SECTION 8.13         Certain
Lender Representations.

 

(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, each Arranger and their respective Affiliates, and not, for the avoidance of doubt, to or for the benefit of Holdings, 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 Loans, the Letters
of Credit, the Commitments or this Agreement,

 

(ii)           the
transaction exemption set forth in one or more PTEs, such as PTE 84-14 (a class exemption for certain transactions determined by independent
qualified professional asset managers), PTE 95-60 (a class exemption for certain transactions involving insurance company general accounts),
PTE 90-1 (a class exemption for certain transactions involving insurance company pooled separate accounts), PTE 91-38 (a class exemption
for certain transactions involving bank collective investment funds) or PTE 96-23 (a class exemption for certain transactions determined
by in-house asset managers), is applicable with respect to such Lender’s entrance into, participation in, administration of and
performance of the Loans, the Letters of Credit, the Commitments and this Agreement,

 

(iii)          (A) such
Lender is an investment fund managed by a “Qualified Professional Asset Manager” (within the meaning of Part VI of
PTE 84-14), (B) such Qualified Professional Asset Manager made the investment decision on behalf of such Lender to enter into,
participate in, administer and perform the Loans, the Letters of Credit, the Commitments and this Agreement, (C) the entrance
into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement
satisfies the requirements of 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 Letters of Credit, the
Commitments and this Agreement, or

 

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(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, the Arrangers 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 none of the Administrative Agent or any Arranger or any of their respective
Affiliates is a fiduciary with respect to the assets of such Lender involved in such Lender’s entrance into, participation in, administration
of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement (including in connection with the reservation
or exercise of any rights by the Administrative Agent under this Agreement, any Loan Document or any documents related hereto or thereto).

 

ARTICLE IX

MISCELLANEOUS

 

SECTION 9.01         Notices.

 

(a)           Except
in the case of notices and other communications expressly permitted to be given by telephone, all notices and other communications provided
for herein shall be in writing and shall be delivered by hand or overnight courier service, mailed by certified or registered mail or
sent by fax or email, as follows:

 

(i)            if
to Holdings, the Borrower, the Administrative Agent, any Issuing Bank or any Swingline Lender, to the address, fax number, e-mail address
or telephone number specified for such Person on Schedule 9.01; and

 

(ii)           if
to any other Lender, to it at its address (or fax number, telephone number or email address) set forth in its Administrative Questionnaire
(including, as appropriate, notices delivered solely to the Person designated by a Lender on its Administrative Questionnaire then in
effect for the delivery of notices that may contain Private-Side Information).

 

Notices and other communications sent by hand or
overnight courier service, or mailed by certified or registered mail, shall be deemed to have been given when received; notices and other
communications sent by facsimile shall be deemed to have been given when sent (except that, if not given during normal business hours
for the recipient, shall be deemed to have been given at the opening of business on the next business day for the recipient). Notices
and other communications delivered through electronic communications to the extent provided in paragraph (b) below shall be effective
as provided in such paragraph (b).

 

(b)           Electronic
Communications. Notices and other communications to the Lenders and the Issuing Banks hereunder may be delivered or furnished by
electronic communication (including Internet or intranet websites) pursuant to procedures reasonably approved by the Administrative
Agent; provided that the foregoing shall not apply to notices to any Lender or any Issuing Bank pursuant to Article II
if such Lender or such Issuing Bank, as applicable, has notified the Administrative Agent that it is incapable of receiving notices
under such Article by electronic communication.

 

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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, the Arrangers
or any of their respective Related Parties (collectively, the “Agent Parties”) have any liability to Holdings, the
Borrower, any other Loan Party, any Lender, any Issuing Bank 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 or intranet websites, including the Platform, 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 Holdings, the Borrower, any other Loan Party, any Lender, any Issuing Bank or any other Person for indirect, special,
incidental, consequential or punitive damages (as opposed to direct or actual damages).

 

(d)           Change
of Address, Etc. Each of Holdings, the Borrower, the Administrative Agent, the Issuing Banks and the Swingline Lenders may change
its address, electronic mail address, fax or telephone number for notices and other communications hereunder by notice to the other parties
hereto. Each other Lender may change its address, electronic mail address, fax or telephone number for notices and other communications
hereunder by notice to the Borrower, the Administrative Agent, each Issuing Bank and each Swingline Lender. In addition, each Lender agrees
to notify the Administrative Agent from time to time to ensure that the Administrative Agent has on record (i) an effective address,
contact name, telephone number, fax number and electronic mail address to which notices and other communications may be sent and (ii) accurate
wire instructions for such Lender.

 

(e)           Reliance
by Administrative Agent, Issuing Banks and Lenders. The Administrative Agent, the Issuing Banks and the Lenders shall be
entitled to rely and act upon any notices purportedly given by or on behalf of the Borrower or any other Loan Party 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 the Administrative Agent, the Issuing Banks, the Lenders and their respective Related Parties 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 or any other Loan Party, in the absence of gross negligence or willful misconduct of such Person, as determined in a
final and non-appealable judgment by a court of competent jurisdiction. All telephonic notices to and other telephonic
communications with the Administrative Agent may be recorded by the Administrative Agent, and each of the parties hereto hereby
consents to such recording.

 

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SECTION 9.02         Waivers;
Amendments.

 

(a)           No
failure or delay by the Administrative Agent, any Issuing Bank or any Lender in exercising any right or power under this Agreement or
any Loan Document shall operate as a waiver thereof except as expressly provided herein or in any other Loan Document, nor shall any single
or partial exercise of any such right or power, or any abandonment or discontinuance of steps to enforce such a right or power, preclude
any other or further exercise thereof or the exercise of any other right or power. The rights and remedies of the Administrative Agent,
the Issuing Banks and the Lenders hereunder and under 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 any Loan Document or consent to any departure by any Loan
Party therefrom shall in any event be effective unless the same shall be permitted by this Section 9.02, and then such waiver or
consent shall be effective only in the specific instance and for the purpose for which it is given. Without limiting the generality of
the foregoing, to the extent permitted by applicable law, neither the making of any Loan nor the issuance, amendment, renewal or extension
of any Letter of Credit shall be construed as a waiver of any Default or Event of Default, regardless of whether the Administrative Agent,
any Lender or any Issuing Bank may have had notice or knowledge of such Default or Event of Default at the time. No notice or demand on
the Borrower or Holdings in any case shall entitle the Borrower or Holdings to any other or further notice or demand in similar or other
circumstances.

 

(b)           Subject
to Section 9.02(c), none of this Agreement, any other Loan Document, or any provision hereof or thereof may be waived, amended or
modified, except (i) in the case of this Agreement, pursuant to an agreement or agreements in writing entered into by Holdings, the
Borrower and the Required Lenders (or the Administrative Agent with the consent of the Required Lenders) or (ii) in the case of any
other Loan Document, pursuant to an agreement or agreements in writing entered into by the Administrative Agent and each Loan Party (or
the Borrower on its behalf) that is party thereto, with the consent of the Required Lenders; provided that, notwithstanding the
foregoing:

 

(A)          the
prior written consent of each Lender directly and adversely affected thereby shall be required for any waiver, amendment or modification
that:

 

(1)            increases
the amount of, or extends the scheduled expiration date of, any Commitment, it being understood that no amendment, modification or waiver
of, or consent to departure from, any condition precedent, representation, warranty, covenant, Default, Event of Default, mandatory prepayment
or mandatory reduction of the Commitments shall constitute an increase or an extension of any Commitment;

 

(2)            reduces
the principal amount of any Loan or any scheduled amortization payment of any Loan or reduces the amount of any LC Disbursement;

 

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(3)            (x) extends
the scheduled final maturity of any Loan, the expiration date of any Letter of Credit or the reimbursement date of any LC
Disbursement or (y) postpones any scheduled amortization payment of any Loan, or the date of any scheduled payment of any
interest on any Loan or LC Disbursement or of any scheduled payment of any fee due hereunder, it being understood that no amendment,
modification or waiver of, or consent to departure from, any condition precedent, representation, warranty, covenant, Default, Event
of Default, mandatory prepayment or mandatory reduction of the Commitments shall constitute any such extension or postponement;

 

(4)            reduces
the rate of interest on any Loan or LC Disbursement (other than to waive any Default or Event of Default or any obligation of the Borrower
to pay interest at the default rate of interest under Section 2.13(c), which shall only require the consent of the Required Lenders)
or the amount of any fee hereunder, it being understood that no change in the definition of “Total Net Leverage Ratio” or
any other ratio (or, in each case, in any component definition thereof) used in the calculation of the Applicable Rate or Commitment Fee
Rate, or in the calculation of any other interest or fee due under any Loan Document, shall constitute a reduction in any rate of interest
or any fee hereunder; or

 

(5)            waives,
amends or modifies the provisions of Section 2.18(b) or 2.18(c) in a manner that would by its terms alter the pro rata
sharing of payments required thereby (except as otherwise provided in this Section 9.02);

 

provided
that, notwithstanding the foregoing provisions of this clause (A), it is understood that any waiver, amendment or modification of the
 “most favored nation” provisions of Section 2.22(a)(iv)(A), and the provisions of Sections 6.01(a)(xix) incorporating
Section 2.22(a)(iv)(A) by reference (and the term “Incremental Equivalent Debt”) (and the definition of the term
 “Effective Yield” as used in any such Section or definition), or of any other “most favored nation” provision
set forth in any Loan Document (and the defined terms relating thereto) may be effected pursuant to any agreement or agreements in writing
entered into by the Borrower and the Required Lenders (or the Administrative Agent with the consent of the Required Lenders);

 

(B)           no
such agreement shall:

 

(1)            change
(x) any of the provisions of this Section 9.02(b) or the definition of “Required Lenders” or “Majority
in Interest”, in each case, to reduce any voting percentage required to waive, amend or modify any Loan Document without the prior
written consent of each Lender or (y) the definition of “Required Revolving Lenders” without the prior written consent
of each Revolving Lender (it being understood that neither the consent of the Required Lenders nor the consent of any other Lender shall
be required in connection with any change to the definition of “Required Revolving Lenders”);

 

(2)            release
Liens granted pursuant to the Loan Documents on all or substantially all of the value of the Collateral (except as otherwise expressly
permitted herein or in the other Loan Documents, including pursuant to Section 9.15), without the prior written consent of each Lender,
it being understood that any waiver, amendment or modification of Section 6.05 or any addition of obligations secured by the Security
Documents shall not be deemed to be a release of the Collateral from the Liens of the Security Documents;

 

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(3)            release
all or substantially all of the value of the Guarantees under the Guarantee Agreement (except as otherwise expressly permitted herein
or in the other Loan Documents, including pursuant to Section 9.15), without the prior written consent of each Lender, it being understood
that an amendment or other modification of Section 6.05 or the addition of obligations Guaranteed under the Guarantee Agreement shall
not be deemed to be a release of any Guarantees under the Guarantee Agreement; or

 

(4)            without
the prior written consent of each Lender directly and adversely affected thereby, (x) subordinate any of the Loan Document Obligations
to any other Indebtedness or (y) subordinate the Lien securing any of the Loan Document Obligations on all or substantially all of
the Collateral to any other Lien securing any other Indebtedness, except, in the case of clause (y), (1) any Indebtedness that is
expressly permitted under the Loan Documents as in effect on the Effective Date to be secured by a Lien that is senior to the Lien securing
the Loan Document Obligations, (2) any “debtor-in-possession” facility, (3) any other Indebtedness exchanged for
such Loan Document Obligations so long as such Indebtedness is offered ratably to all Lenders holding such Loan Document Obligations or
(4) any Indebtedness incurred pursuant to a bona fide revolving credit facility (including the Revolving Facility) or any customary
asset-based, factoring, securitization or other similar facility the incurrence of which is otherwise approved by the Required Lenders;

 

(C)          the
consent of the Administrative Agent (but not the consent of the Required Lenders) shall be required for any amendment or modification
that adds one or more provisions to the Loan Documents that are, in the reasonable judgment of the Administrative Agent, favorable to
the Lenders;

 

(D)          solely
with the consent of the Required Revolving Lenders (and not without such consent), any such agreement may (x) waive, amend or modify
Section 6.11, 7.01(d)(ii) or 7.02 (or the definition of “Total Net Leverage Ratio” or any component definition thereof,
in each case, solely as any such definition is used for purposes of Section 6.11) (other than, in the case of Section 6.11,
for purposes of determining compliance with such Section as a condition to taking any action under this Agreement) (other than as
permitted under clause (y)) and/or (y) waive, amend or modify any condition precedent set forth in Section 4.02 as it pertains
to any Revolving Loan (and if the approval set forth in this clause (D) is obtained, the consent of any other Lender (including,
for the avoidance of doubt, the Required Lenders), shall not be required); and

 

(E)           no
agreement shall amend, modify or otherwise affect the rights or duties of the Administrative Agent, any Issuing Bank or any Swingline
Lender without the prior written consent of the Administrative Agent, such Issuing Bank or such Swingline Lender, as the case may be.

 

(c)           Notwithstanding
anything to the contrary contained in this Section 9.02 (other than clause (B)(4) and clause (E) of the proviso to Section 9.02(b))
or any other provision of this Agreement or any provision of any other Loan Document:

 

(i)            the
Borrower and the Administrative Agent may, without the input or consent of any Lender, amend, supplement and/or waive the Guarantee
Agreement and/or any Security Document (A) to comply with any law or the advice of counsel and/or (B) to cause the
Guarantee Agreement or such Security Document to be consistent with this Agreement and/or the relevant other Loan Documents;

 

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(ii)           the
Borrower and the Administrative Agent may, without the input or consent of any Lender, effect amendments to this Agreement and the other
Loan Documents as may be necessary or appropriate, in the reasonable opinion of the Borrower and the Administrative Agent (A) to
give effect to the provisions of Sections 2.22, 2.23, 2.24 and/or 6.12 (including, in the case of any Term Loans incurred or established
pursuant to any such Section that are intended to be “fungible” with any then-existing Class of Term Loans, providing
scheduled amortization in such other percentages or amounts as may be agreed by the Borrower and the Administrative Agent to ensure that
such Term Loans are “fungible” with such then-existing Class of Term Loans) or any other provision of this Agreement
or any other Loan Document (or any Exhibit hereto or thereto) specifying that any waiver, amendment or modification may be made with
the consent or approval of the Administrative Agent and/or (2) in connection with any transaction permitted by Section 2.22,
2.23 or 2.24, to add terms (including representations and warranties, conditions, prepayments, covenants or events of default) that are
favorable to the then-existing Lenders, as reasonably determined by the Administrative Agent, it being understood that (A) where
applicable, any such amendment may be effected as part of the applicable Incremental Facility Amendment, Extension/Modification Amendment
or Refinancing Amendment and (B) any Incremental Facility Amendment, Extension/Modification Amendment or Refinancing Amendment also
may provide for amendments or other modifications to this Agreement and the other Loan Documents in addition to those referred to in Section 2.22,
2.23 or 2.24, as the case may be (any such additional amendment or modification, an “Additional Amendment”); provided
that no Additional Amendment shall become effective prior to the time that such Additional Amendment shall have been consented to (including
pursuant to consents set forth in any Incremental Facility Amendment, Extension/Modification Amendment or Refinancing Amendment) by such
of the Lenders and other Persons (if any) as may be required in order for such Additional Amendment to become effective in accordance
with this Section 9.02;

 

(iii)          this
Agreement may be amended in the manner provided in Section 2.14(b);

 

(iv)          this
Agreement may be amended in the manner provided in Section 2.04(d), 2.04(e), 2.05(k) or 2.05(l) and the term “LC
Commitment” or “Swingline Commitment”, as such term is used in reference to any Issuing Bank or any Swingline Lender,
as applicable, may be modified as contemplated by the definition of such term;

 

(v)           if
the Administrative Agent and the Borrower have jointly identified any ambiguity, mistake, defect, inconsistency, obvious error or any
error or omission of a technical nature or any necessary or desirable technical change, in each case, in any provision of any Loan Document,
then the Administrative Agent and the Borrower shall be permitted to amend such provision solely to address such matter in a manner reasonably
determined by them acting jointly;

 

(vi)          the
Administrative Agent may amend Schedule 2.01 to reflect assignments entered into pursuant to Section 9.04 and/or reductions, terminations,
increases or additions of Commitments pursuant to Sections 2.08, 2.22, 2.23 or 2.24;

 

(vii)         no
consent with respect to any waiver, amendment or modification of this Agreement or any other Loan Document shall be required of any
Defaulting Lender, except with respect to any waiver, amendment or modification referred to in clause (A)(1), (A)(2), (A)(3) or
(A)(4) (or clause (A)(5) if such waiver, amendment or modification by its terms affects such Defaulting Lender more
adversely than the other directly and adversely affected Lenders of the same Class) of Section 9.02(b) and then only in
the event such Defaulting Lender shall be directly and adversely affected by such waiver, amendment or modification;

 

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(viii)        any
Intercreditor Agreement may be amended as provided in Section 9.18;

 

(ix)           (A) any
waiver, amendment or other modification of this Agreement or any other Loan Document that by its terms affects the rights or duties thereunder
of the Lenders of one or more Classes (but not the Lenders of any other Class), including any waiver of any condition precedent set forth
in Section 4.02, may be effected by an agreement or agreements in writing entered into by the Borrower and the requisite number or
percentage in interest of each affected Class of Lenders that would be required to consent thereto under Section 9.02(b) if
such Class of Lenders were the only Class of Lenders hereunder at the time, and (B) any waiver of any Default or Event
of Default that arises from the inaccuracy of any representation, warranty or certification made or deemed made by any Loan Party in any
Loan Document or in any certificate required to be delivered in connection therewith, in each case, in connection with the making of any
Revolving Loan or the issuance, amendment, renewal or extension of any Letter of Credit may be effected by an agreement or agreements
in writing entered into by the Borrower and the Required Revolving Lenders (without the consent of any other Lender);

 

(x)            this
Agreement may be amended (or amended and restated) pursuant to an agreement or agreements in writing entered into by the Borrower and
the Required Lenders (or the Administrative Agent with the consent of the Required Lenders), and any other Loan Document may be amended
pursuant to an agreement or agreements in writing entered into by the Administrative Agent and each Loan Party that is a party thereto,
with the consent of the Required Lenders, in each case, (A) to add one or more additional credit facilities to this Agreement and
to permit any extension of credit from time to time outstanding thereunder and the accrued interest, fees and other amounts in respect
thereof to share ratably in the relevant benefits of this Agreement and the other Loan Documents and (B) to include appropriately
the Lenders holding such credit facilities in any determination of the Required Lenders and/or Required Revolving Lenders on substantially
the same basis as the Lenders prior to such inclusion; and

 

(xi)           any
provision of this Agreement or any other Loan Document may be amended by an agreement in writing entered into by the Borrower, the Administrative
Agent (and, if their consent would be required under clause (E) of Section 9.02(b), the Issuing Banks and the Swingline Lenders)
and the Lenders that will remain parties hereto after giving effect to such amendment if (A) by the terms of such agreement the Commitments
of each Lender not consenting to the amendment provided for therein shall be reduced to zero upon the effectiveness of such amendment
and (B) at the time such amendment becomes effective, each Lender not consenting thereto receives payment in full of the principal
of and interest accrued on each Loan made by it and all other amounts owing to it or accrued for its account under this Agreement.

 

(d)           The
Administrative Agent may, but shall have no obligation to, with the concurrence of any Lender, execute amendments, waivers or other modifications
of this Agreement or any other Loan Document on behalf of such Lender. Any amendment, waiver or other modification effected in accordance
with this Section 9.02 shall be binding upon each Person that is at the time thereof a Lender and each Person that subsequently becomes
a Lender.

 

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SECTION 9.03         Expenses;
Indemnity; Damage Waiver.

 

(a)           The
Borrower shall pay (i) all reasonable and documented or invoiced out-of-pocket costs and expenses incurred by the Administrative
Agent, the Syndication Agent, the Arrangers and their respective Affiliates (without duplication), including the reasonable fees, charges
and disbursements of Cravath, Swaine & Moore LLP and, to the extent reasonably determined by the Administrative Agent to be necessary,
one local counsel in each applicable jurisdiction (and any reasonably necessary special counsel) and, in the case of an actual or reasonably
perceived conflict of interest, one additional counsel per affected party, in connection with the syndication of the credit facilities
provided for herein, and the preparation, execution, delivery and administration of the Loan Documents or any amendments, modifications
or waivers of the provisions thereof, (ii) all reasonable and documented or invoiced out-of-pocket costs and expenses incurred by
each Issuing Bank in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder,
(iii) all out-of-pocket costs and reasonable and documented or invoiced expenses of the Administrative Agent incurred in connection
with the creating, perfecting, recording, maintaining and preserving Liens in favor of the Administrative Agent for the benefit of the
Secured Parties, including filing and recording fees, expenses and taxes, stamp or documentary taxes, search fees, title insurance premiums
and reasonable fees, expenses and other charges of counsel to the Administrative Agent and of counsel providing any opinions that the
Administrative Agent may reasonably request in respect of the Collateral or the Liens created pursuant to the Collateral Agreement and
(iv) all reasonable and documented or invoiced out-of-pocket expenses incurred by the Administrative Agent, each Issuing Bank or
any Lender, including the fees, charges and disbursements of counsel for the Administrative Agent, the Issuing Banks and the Lenders,
in connection with the enforcement or protection of any rights or remedies (A) in connection with the Loan Documents (including all
such costs and expenses incurred during any legal proceeding, including any proceeding under any Debtor Relief Laws), including its rights
under this Section or (B) in connection with the Loans made or Letters of Credit issued hereunder, including all such out-of-pocket
costs and expenses incurred during any workout, restructuring or negotiations in respect of such Loans or Letters of Credit; provided
that such counsel shall be limited to one lead counsel and such local counsel (and any reasonably necessary special counsel) as may reasonably
be deemed necessary by the Administrative Agent in each relevant jurisdiction and, in the case of an actual or reasonably perceived conflict
of interest, one additional counsel and one local counsel per affected party.

 

(b)           The
Borrower shall indemnify the Administrative Agent, each Issuing Bank, each Lender, the Syndication Agent, the Documentation Agent,
the Arrangers and each Related Party of any of the foregoing Persons (each such Person being called an
 “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities
and reasonable and documented or invoiced out-of-pocket fees and expenses of any counsel for any Indemnitee, incurred by or asserted
against any Indemnitee by any third party or by CWH, the Borrower, Holdings or any of their respective Affiliates arising out of, in
connection with, or as a result of (i) the arrangement and syndication of the credit facilities established hereby, the
execution or delivery of this Agreement, any Loan Document or any other agreement or instrument contemplated hereby or thereby, the
performance by the parties to the Loan Documents of their respective obligations thereunder or the consummation of the Transactions
or any other transactions contemplated thereby, (ii) any Loan or Letter of Credit or the use of the proceeds therefrom
(including any refusal by an Issuing Bank to honor a demand for payment under a Letter of Credit if the documents presented in
connection with such demand do not strictly comply with the terms of such Letter of Credit), (iii) to the extent in any way
arising from or relating to any of the foregoing, any actual or alleged presence or Release or threat of Release of Hazardous
Materials on, at, to or from any Mortgaged Property or any other property currently or formerly owned or operated by Holdings, any
Intermediate Parent, the Borrower or any Subsidiary, or any other Environmental Liability related in any way to Holdings, any
Intermediate Parent, the Borrower or any Subsidiary, or (iv) any actual or prospective claim, litigation, investigation or
proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, regardless of whether brought by a
third party or by CWH, the Borrower, Holdings or any of their respective Affiliates and regardless of whether any Indemnitee is a
party thereto; provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses,
claims, damages, liabilities, costs or related expenses (x) resulted 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 judgment), (y) resulted
from a material breach of the Loan Documents by such Indemnitee (as determined by a court of competent jurisdiction in a final and
non-appealable judgment) or (z) arose from disputes between or among Indemnitees that do not involve an act or omission by CWH,
the Borrower, Holdings or any of their respective Affiliates (other than claims against an Indemnitee in its capacity or in
fulfilling its role as an administrative agent or arranger or Issuing Bank or any similar role under this Agreement).

 

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(c)           To
the extent that the Borrower fails to pay any amount required to be paid by it to the Administrative Agent, the Syndication Agent, the
Documentation Agent, any Arranger, each Swingline Lender, any Issuing Bank or any Related Party of any of the foregoing Persons under
paragraph (a) or (b) of this Section, each Lender severally agrees to pay to the Administrative Agent, the Syndication Agent,
the Documentation Agent, such Arranger, such Swingline Lender or such Issuing Bank or such Related Party, as the case may be, such Lender’s
pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount;
provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was
incurred by or asserted against the Administrative Agent, the Syndication Agent, the Documentation Agent, such Arranger, such Swingline
Lender or such Issuing Bank in its capacity as such, or against such Related Party in connection with such capacity. For purposes hereof,
a Lender’s “pro rata share” shall be determined based upon its share of the Aggregate Revolving Exposure, outstanding
Term Loans and unused Commitments at such time (or, if there are no outstanding Revolving Exposures, outstanding Term Loans and unused
Commitments at such time, the Aggregate Revolving Exposure, outstanding Term Loans and unused Commitments then most recently in effect).
The obligations of the Lenders under this paragraph (c) are subject to the last sentence of Section 2.02(a) (which shall
apply mutatis mutandis to the Lenders’ obligations under this paragraph (c)).

 

(d)           To
the extent permitted by applicable law, no Loan Party shall assert, and each hereby waives on behalf of itself and each other Loan Party,
any claim against any Lender-Related Person (i) for any direct or actual damages arising from the use by unintended recipients of
information or other materials distributed to such unintended recipients by such Lender-Related Person through telecommunications, electronic
or other information transmission systems (including the Internet) in connection with this Agreement or the other Loan Documents or the
transactions contemplated hereby or thereby; provided that such indemnity shall not, as to any Lender-Related Person, be available
to the extent that such direct or actual damages are determined by a court of competent jurisdiction by final, non-appealable judgment
to have resulted from the gross negligence or willful misconduct of such Lender-Related Person, or (ii) on any theory of liability,
for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with,
or as a result of, this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the Transactions,
any Loan or Letter of Credit or the use of the proceeds thereof.

 

(e)           All
amounts due under this Section shall be payable not later than 10 Business Days after written demand therefor; provided, however,
that any Indemnitee shall promptly refund an indemnification payment received hereunder to the extent that there is a final judicial determination
that such Indemnitee was not entitled to indemnification with respect to such payment pursuant to this Section.

 

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SECTION 9.04         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 (including any branch or Affiliate of any Issuing Bank that issues any Letter of Credit), except that (i) Holdings
and the Borrower may not assign or otherwise transfer any of its rights or obligations hereunder other than as expressly provided in Section 6.03
without the prior written consent of each Lender (and any attempted assignment or transfer by Holdings or the Borrower without such consent
shall be null and void) and (ii) no Lender may assign or otherwise transfer its rights or obligations hereunder except in accordance
with this Section. 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 (including any branch or Affiliate of an Issuing Bank that issues any
Letter of Credit), Participants (to the extent provided in paragraph (c) of this Section), the Indemnitees and, to the extent expressly
contemplated hereby, the Related Parties of each of the Administrative Agent, the Issuing Banks and the Lenders) any legal or equitable
right, remedy or claim under or by reason of this Agreement.

 

(b)           (i) Subject
to the conditions set forth in paragraphs (b)(ii), (e) and (f) below, any Lender may assign to one or more Eligible Assignees
all or a portion of its rights and obligations under this Agreement (including all or a portion of its Commitments and the Loans at the
time owing to it) with the prior written consent (such consent not to be unreasonably withheld or delayed) of (A) the Borrower; provided
that no consent of the Borrower shall be required for an assignment (x) by a Lender to any Lender or an Affiliate of any Lender,
(y) by a Lender to an Approved Fund or (z) if an Event of Default under Section 7.01(a), 7.01(b), 7.01(h) or 7.01(i) has
occurred and is continuing; (B) the Administrative Agent; provided that no consent of the Administrative Agent shall be required
for an assignment of a Term Loan to a Lender, an Affiliate of a Lender or an Approved Fund or to an Affiliated Lender or the Borrower
to the extent such assignment is made in accordance with paragraph (e) or (f) below and (C) solely in the case of Revolving
Exposure and Revolving Commitments, each Issuing Bank and each Swingline Lender; provided that, for the avoidance of doubt, no
consent of any Issuing Bank or any Swingline Lender shall be required for an assignment of all or any portion of a Term Loan or Term Commitment.
Notwithstanding anything in this Section to the contrary, if the Borrower has not given the Administrative Agent written notice of
its objection to an assignment within 10 Business Days after written notice of such assignment, the Borrower shall be deemed to have consented
to such assignment.

 

(ii)           Assignments
shall be subject to the following additional conditions: (A) except in the case of an assignment to a Lender, an Affiliate of a
Lender or an Approved Fund or an assignment of the entire remaining amount of the assigning Lender’s Commitment or Loans of
any Class, the amount of the Commitment or Loans of the assigning Lender subject to each such assignment (determined as of the trade
date specified in the Assignment and Assumption with respect to such assignment or, if no trade date is so specified, as of the date
the Assignment and Assumption with respect to such assignment is delivered to the Administrative Agent) shall, in the case of
Revolving Loans, not be less than $2,500,000 or, in the case of a Term Loan, $1,000,000, unless the Borrower and the Administrative
Agent otherwise consent (in each case, such consent not to be unreasonably withheld or delayed); provided that no such
consent of the Borrower shall be required if an Event of Default under Section 7.01(a), 7.01(b), 7.01(h) or
7.01(i) has occurred and is continuing and no consent of the Administrative Agent shall be required in the case of any
assignment to any Affiliated Lender or the Borrower to the extent such assignment is made in accordance with paragraph (e) or
(f) below; provided further that simultaneous assignments by or to two or more Approved Funds shall be combined for
purposes of determining whether the minimum assignment requirement is met, (B) each partial assignment shall be made as an
assignment of a proportionate part of all the assigning Lender’s rights and obligations under this Agreement; provided
that this clause (B) shall not be construed to prohibit assignment of a proportionate part of all the assigning Lender’s
rights and obligations in respect of one Class of Commitments or Loans, (C) the parties to each assignment shall execute
and deliver to the Administrative Agent an Assignment and Assumption via an electronic settlement system acceptable to the
Administrative Agent or, if previously agreed with the Administrative Agent, manually execute and deliver to the Administrative
Agent an Assignment and Assumption, and, in each case, together with a processing and recordation fee of $3,500; provided
that the Administrative Agent, in its sole discretion, may elect to waive or reduce such processing and recordation fee; provided
further that assignments made pursuant to Section 2.19(b) shall not require the signature of the assigning Lender to
become effective and (D) the assignee, if it shall not be a Lender, shall deliver to the Administrative Agent any tax forms
required by Section 2.17(f) and an Administrative Questionnaire in which the assignee designates one or more credit
contacts to whom all syndicate-level information (which may contain Private-Side Information about the Borrower, the other Loan
Parties and their Related Parties or their respective securities) will be made available and who may receive such information in
accordance with the assignee’s compliance procedures and applicable laws, including Federal and state securities laws.

 

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(iii)          Subject
to acceptance and recording thereof pursuant to paragraph (b)(v) of this Section and except as otherwise provided in paragraph
(f) of this Section, from and after the effective date specified in each Assignment and Assumption, the assignee thereunder shall
be a party hereto and, to the extent of the interest assigned by such Assignment and Assumption, have the rights and obligations of a
Lender under this Agreement, and the assigning Lender thereunder shall, to the extent of the interest assigned by such Assignment and
Assumption, be released from its obligations under this Agreement (and, in the case of an Assignment and Assumption covering all of the
assigning Lender’s rights and obligations under this Agreement, such Lender shall cease to be a party hereto but shall continue
to be entitled to the benefits of (and subject to the obligations and limitations of) Sections 2.15, 2.16, 2.17 and 9.03 and to any fees
payable hereunder that have accrued for such Lender’s account but have not yet been paid). Any assignment or transfer by a Lender
of rights or obligations under this Agreement that does not comply with this Section 9.04 shall be treated for purposes of this Agreement
as a sale by such Lender of a participation in such rights and obligations in accordance with paragraph (c)(i) of this Section.

 

(iv)          The
Administrative Agent, acting for this purpose as a non-fiduciary agent of the Borrower, shall maintain at one of its offices a copy of
each Assignment and Assumption delivered to it and a register for the recordation of the names and addresses of the Lenders, and the Commitment
of, and principal and interest amounts of the Loans and LC Disbursements owing to, each Lender pursuant to the terms hereof from time
to time (the “Register”). The entries in the Register shall be conclusive absent manifest error, and Holdings, the
Borrower, the Administrative Agent, the Issuing Banks 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. In addition, the
Administrative Agent shall maintain on the Register information regarding the designation, and revocation of designation, of any Lender
as a Defaulting Lender. The Register shall be available for inspection by (i) the Borrower and the Issuing Banks and (ii) to
the extent of (A) its own Loan and Commitments and (B) Loans of Affiliated Lenders, any Lender, at any reasonable time and from
time to time upon reasonable prior notice.

 

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(v)           Upon
its receipt of a duly completed Assignment and Assumption executed by an assigning Lender and an assignee, the assignee’s
completed Administrative Questionnaire and any tax forms required by Section 2.17(f) (unless the assignee shall already be
a Lender hereunder), the processing and recordation fee referred to in paragraph (b) of this Section and any written
consent to such assignment required by paragraph (b) of this Section, the Administrative Agent shall accept such Assignment and
Assumption and record the information contained therein in the Register. No assignment shall be effective for purposes of this
Agreement unless it has been recorded in the Register as provided in this paragraph.

 

(c)           (i) Any
Lender may, without the consent of, or notice to, the Borrower, the Administrative Agent, the Issuing Banks or the Swingline Lenders,
sell participations to one or more banks or other Persons that are Eligible Assignees (a “Participant”) in all or a
portion of such Lender’s rights and obligations under this Agreement (including all or a portion of its Commitment and the Loans
owing to it); provided that (A) such Lender’s obligations under this Agreement shall remain unchanged, (B) such
Lender shall remain solely responsible to the other parties hereto for the performance of such obligations and (C) Holdings, the
Borrower, the Administrative Agent, the Issuing Banks and the other Lenders shall continue to deal solely and directly with such Lender
in connection with such Lender’s rights and obligations under this Agreement. Any agreement or instrument pursuant to which a Lender
sells such a participation shall provide that such Lender shall retain the sole right to enforce this Agreement and any other Loan Documents
and to approve any amendment, modification or waiver of any provision of this Agreement and any 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,
modification or waiver described in the first proviso to Section 9.02(b) that directly and adversely affects such Participant.
Subject to paragraph (c)(iii) of this Section, the Borrower agrees that each Participant shall be entitled to the benefits of Sections
2.15, 2.16 and 2.17 (subject to the obligations and limitations of such Sections, including Section 2.17(f) (provided
that any required documentation shall be provided to the participating Lender) and Section 2.19) to the same extent as if it were
a Lender and had acquired its interest by assignment pursuant to paragraph (b) of this Section. To the extent permitted by law, each
Participant also shall be entitled to the benefits of Section 9.08 as though it were a Lender; provided that such Participant
agrees to be subject to Section 2.18(c) as though it were a Lender.

 

(ii)           Each
Lender that sells a participation shall, acting solely for this purpose as a non-fiduciary agent of the Borrower, maintain a register
on which it enters the name and address of each Participant and the principal and interest amounts of each Participant’s interest
in the Loans or other obligations under this Agreement (the “Participant Register”). The entries in the Participant
Register shall be conclusive, absent manifest error, and the Borrower and such Lender shall treat each person whose name is recorded in
the Participant Register as the owner of such participation for all purposes of this Agreement notwithstanding any notice to the contrary;
provided that no Lender shall have the obligation to disclose all or a portion of the Participant Register (including the identity
of any Participant or any information relating to a Participant’s interest in any loans or other obligations under any Loan Document)
to any Person except to the extent that such disclosure is necessary in connection with a Tax audit or other proceeding to establish that
any loans or other obligations, as applicable, are in registered form for U.S. federal income tax purposes.

 

(iii)          A
Participant shall not be entitled to receive any greater payment under Section 2.15 or Section 2.17 than the applicable Lender
would have been entitled to receive with respect to the participation sold to such Participant, except to the extent that a Participant’s
right to a greater payment results from a Change in Law after the Participant becomes a Participant.

 

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(d)         In connection with any assignment of rights and obligations of any Defaulting Lender hereunder, no such
assignment shall be effective unless and until, in addition to the other conditions thereto set forth herein, the parties to the
assignment shall make such additional payments to the Administrative Agent in an aggregate amount sufficient, upon distribution
thereof as appropriate (which may be outright payment, purchases by the assignee of participations or subparticipations, or other
compensating actions, including funding, with the consent of the Borrower and the Administrative Agent, the applicable pro rata
share of Loans previously requested but not funded by the Defaulting Lender, to each of which the applicable assignee and assignor
hereby irrevocably consent), to (i) pay and satisfy in full all payment liabilities then owed by such Defaulting Lender to the
Administrative Agent or any Lender hereunder (and interest accrued thereon) and (ii) acquire (and fund as appropriate) its full
pro rata share of all Loans and participations in Letters of Credit and Swingline Loans in accordance with its Applicable
Percentage. Notwithstanding the foregoing, in the event that any assignment of rights and obligations of any Defaulting Lender
hereunder shall become effective under applicable law without compliance with the provisions of this paragraph, then the assignee of
such interest shall be deemed to be a Defaulting Lender for all purposes of this Agreement until such compliance occurs.

 

(e)         Assignments
of Term Loans to an Affiliated Lender shall be subject to the following additional limitations:

 

(i)          Affiliated
Lenders (other than Affiliated Debt Funds) will not be entitled to, and will not, (A) receive information provided solely to Lenders
by the Administrative Agent, any Arranger or any Lender, or any communication solely by or among the Administrative Agent and one or more
Lenders, other than the right to receives notices of borrowings, notices of prepayments and other administrative notices in respect of
its Loans required to be delivered to Lenders pursuant to Article II, (B) attend or participate in meetings attended solely
by the Lenders, the Administrative Agent and the Arrangers, (C) receive advice of counsel to the Lenders or the Administrative Agent
or challenge any assertion of attorney client privilege by the Administrative Agent, any Arranger or any other Lender or (D) make
or bring any claim (other than a passive participant in or recipient of its pro rata benefits of any such claim), in its capacity as a
Lender, against the Administrative Agent, any Arranger or any other Lender with respect to the duties and obligations of such Persons
under the Loan Documents, except with respect to rights expressly retained by any such Affiliated Lender under the Loan Documents, including
this paragraph (e);

 

(ii)         notwithstanding
anything to the contrary set forth in the Loan Documents, the Term Loans held by such Affiliated Lender shall be disregarded in both the
numerator and denominator in the calculation of any Required Lender, Majority in Interest or other Lender vote; provided, that
(x) such Affiliated Lender shall have the right to vote (and the Term Loans held by such Affiliated Lender shall not be so disregarded)
with respect to any amendment, modification, waiver, consent or other action that requires the vote of all Lenders (or all Lenders of
the applicable Class) or all Lenders (or all Lenders of the applicable Class) directly and adversely affected thereby, as the case may
be, and (y) no amendment, modification, waiver, consent or other action shall (1) disproportionately affect such Affiliated
Lender in its capacity as a Lender as compared to other Lenders of the same Class that are not Affiliated Lenders or (2) deprive
any Affiliated Lender of its share of any payments which the Lenders are entitled to share on a pro rata basis hereunder, in each case,
without the consent of such Affiliated Lender; provided that, subject to clause (vi) below, Affiliated Debt Funds will not
be subject to such voting limitations and will be entitled to vote as any other Lender;

 

(iii)        Affiliated
Lenders may not purchase Revolving Loans or acquire Revolving Commitments;

 

(iv)        the
aggregate principal amount of Term Loans purchased by assignment pursuant to this Section 9.04 and held at such time by
Affiliated Lenders (other than Affiliated Debt Funds) may not exceed 25% of the principal amount of all Term Loans outstanding at
the time of each such purchase;

 

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(v)        if
a proceeding under any Debtor Relief Law shall be commenced by or against the Borrower or any other Loan Party at a time when any
Lender is an Affiliated Lender, (A) such Affiliated Lender shall not take any step or action in such proceeding to object to,
impede or delay the exercise of any right or the taking of any action by the Administrative Agent (or the taking of any action by a
third party that is supported by the Administrative Agent) in relation to such Affiliated Lender’s claim with respect to its
Term Loans (a “Claim”) (including objecting to any debtor in possession financing, use of cash collateral, grant
of adequate protection, sale or disposition, compromise, or plan of reorganization) so long as such Affiliated Lender is treated in
connection with such exercise or action on the same or better terms as the other Lenders and (B) with respect to any matter
requiring the vote of Lenders during the pendency of any such proceeding (including voting on any plan of reorganization), the Term
Loans held by such Affiliated Lender (and any Claim with respect thereto) shall be deemed to have been voted by such Lender without
discretion in the same proportion as the allocation of voting with respect to such matter by Lenders that are not Affiliated
Lenders, so long as such Affiliated Lender is treated in connection with the exercise of such right or taking of such action on the
same or better terms as the other Lenders, and each Affiliated Lender hereby acknowledges, agrees and consents that if, for any
reason, its vote to accept or reject any plan pursuant to the U.S. Bankruptcy Code is not deemed to have been so voted, then such
vote will be (A) deemed not to be in good faith and (B) “designated” pursuant to Section 1126(e) of
the U.S. Bankruptcy Code such that the vote is not counted in determining whether the applicable class has accepted or rejected such
plan in accordance with Section 1126(c) of the U.S. Bankruptcy Code; provided that, subject to clause
(vi) below, Affiliated Debt Funds will not be subject to such voting limitations and will be entitled to vote as any other
Lender. For the avoidance of doubt, the Lenders and each Affiliated Lender agree and acknowledge that the provisions set forth in
this clause constitute a “subordination agreement” as such term is contemplated by, and utilized in,
Section 510(a) of the Bankruptcy Code, and, as such, would be enforceable for all purposes in any case where a Loan Party
has filed for protection under any Debtor Relief Law applicable to any Loan Party (it being understood and agreed that the foregoing
shall not cause the Term Loans held by any Affiliated Lender to be subordinated in right of payment to any other Secured
Obligations); and

 

(vi)        notwithstanding
anything in the Loan Documents 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, (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, all Term Loans and Term Commitments held by Affiliated Debt Funds may not account for more than 49.9% of the Term Loans
and Term Commitments of consenting Lenders included in determining whether the Required Lenders have consented to any action pursuant
to Section 9.02; it being understood and agreed that the portion of the Term Loans and/or Term Commitments held by Affiliated Debt
Funds that represents the excess over 49.9% of such amount shall be deemed to be voted pro rata along with the other Lenders that are
not Affiliated Debt Funds.

 

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(f)        Notwithstanding
anything to the contrary contained herein, any Lender may, at any time, assign all or a portion of its rights and obligations under this
Agreement in respect of its Term Loans of any Class to the Borrower on a non-pro rata basis (i) through Dutch Auctions open
to all Lenders holding the Term Loans of the applicable Class on a pro rata basis or (ii) through open market purchases, in
each case with respect to clauses (i) and (ii), without the consent of the Administrative Agent; provided, that:

 

(i)        any
Term Loans acquired by it shall be retired and cancelled immediately upon the acquisition thereof; it being agreed that upon any such
retirement and cancellation, the aggregate outstanding principal amount of the Term Loans of the applicable Class shall be deemed
reduced by the full par value of the aggregate principal amount of the Term Loans so retired and cancelled, and each scheduled principal
repayment installment with respect to the Term Loans of the applicable Class pursuant to Section 2.10 shall be reduced on a
pro rata basis by the full par value of the aggregate principal amount of the Term Loans so retired and cancelled; and

 

(ii)        (A) the
Borrower may not use the proceeds of any Revolving Loans to fund the purchase price for such assignment and (B) no Event of Default
exists at the time of acceptance of bids for the Dutch Auction or the confirmation of such open market purchase, as applicable.

 

The Administrative Agent is authorized to make appropriate
entries in the Register to reflect any retirement and cancelation of the Term Loans retired and cancelled pursuant to this paragraph (f).
Any payment made by the Borrower in connection with an acquisition of Term Loans permitted by this paragraph (f) shall not constitute
a voluntary prepayment for purposes of Section 2.11 and shall not be subject to the provisions of Section 2.16. Failure by the
Borrower to make any payment to a Lender required to be made in consideration of an acquisition of Term Loans permitted by this paragraph
(f) shall not constitute a Default under Section 7.01.

 

(g)        Each
Lender participating in any assignment to Affiliated Lenders or the Borrower acknowledges and agrees that in connection with such assignment,
(i) the Affiliated Lenders or the Borrower then may have, and later may come into possession of, Excluded Information, and that no
Affiliated Lender or the Borrower is representing or warranting that it is not in possession of any Excluded Information, (ii) such
Lender has independently and, without reliance on the Affiliated Lenders or any of their subsidiaries, Holdings, the Borrower or any of
their subsidiaries, the Administrative Agent or any other Agent Parties, has made its own analysis and determination to participate in
such assignment notwithstanding such Lender’s lack of knowledge of the Excluded Information, (iii) none of the Affiliated Lenders
or any of their subsidiaries, Holdings, the Borrower or their respective subsidiaries, the Administrative Agent or any other Agent Party
shall have any liability to such Lender, and such Lender hereby waives and releases, to the extent permitted by law, any claims such Lender
may have against the Affiliated Lenders and any of their subsidiaries, Holdings, the Borrower and their respective subsidiaries, the Administrative
Agent and any other Agent Parties, under applicable laws or otherwise, with respect to the nondisclosure of the Excluded Information and
(iv) the Excluded Information may not be available to the Administrative Agent or the other Lenders.

 

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(h)        In
the event that S&P, Moody’s and Thompson’s BankWatch (or Insurance-Watch Ratings Service, in the case of Lenders
that are insurance companies (or Best’s Insurance Reports, if such insurance company is not rated by Insurance Watch Ratings
Service)) shall, after the date that any Lender becomes a Revolving Lender, downgrade the long-term certificate deposit ratings of
such Lender, and the resulting ratings shall be below BBB-, Baa3 and C (or BB, in the case of a Lender that is an insurance company
(or B, in the case of an insurance company not rated by InsuranceWatch Ratings Service)), then each Issuing Bank shall have the
right, but not the obligation, at its own expense, upon notice to such Lender and the Administrative Agent, to replace such Lender
with an Eligible Assignee (in accordance with and subject to the restrictions contained in paragraph (b) above), and such
Lender hereby agrees to transfer and assign without recourse (in accordance with and subject to the restrictions contained in
paragraph (b) above) all its interests, rights and obligations as a Revolving Lender under this Agreement to such Eligible
Assignee; provided, however, that (i) no such assignment shall conflict with any law, rule and regulation or
order of any Governmental Authority, (ii) such Lender shall have received payment of an amount equal to the outstanding
principal amount of its Revolving Loans and participations in LC Disbursements and Swingline Loans, accrued interest thereon,
accrued fees and all other amounts payable to it hereunder from the Eligible Assignee (to the extent of such outstanding principal
and accrued interest and fees) or the Borrower (in the case of all other amounts), (iii) each Issuing Bank, the Administrative
Agent and such Eligible Assignee shall have received the prior written consent of the Borrower, each other Issuing Bank and each
Swingline Lender to the extent such consent would be required under Section 9.04(b) for an assignment of Loans or
Commitments, as applicable, which consent shall not be unreasonably withheld or delayed and (iv) unless waived, the Borrower or
such Eligible Assignee shall have paid to the Administrative Agent the processing and recordation fee specified in
Section 9.04(b)(ii).

 

(i)         Any
Lender may, without the consent of the Borrower, the Administrative Agent, the Issuing Banks or the Swingline Lenders, at any time pledge
or assign a security interest in all or any portion of its rights under this Agreement to secure obligations of such Lender, including
any pledge or assignment to secure obligations to a Federal Reserve Bank or other “central” bank, and this Section shall
not apply to any such pledge or assignment of a security interest, provided that no such pledge or assignment of a security interest
shall release a Lender from any of its obligations hereunder or substitute any such pledgee or assignee for such Lender as a party hereto.

 

SECTION 9.05     Survival.
All covenants, agreements, representations and warranties made by the Loan Parties in the Loan Documents and in the certificates or other
instruments delivered in connection with or pursuant to any Loan Document shall be considered to have been relied upon by the other parties
hereto and shall survive the execution and delivery of the Loan Documents and the making of any Loans and issuance of any Letters of Credit,
regardless of any investigation made by any such other party or on its behalf and notwithstanding that the Administrative Agent, any Issuing
Bank or any Lender may have had notice or knowledge of any Default or incorrect representation or warranty at the time any credit is extended
hereunder, and shall continue in full force and effect as long as the principal of or any accrued interest on any Loan or any fee or any
other amount payable under this Agreement is outstanding and unpaid or any Letter of Credit is outstanding and so long as the Commitments
have not expired or terminated. The provisions of Sections 2.15, 2.16, 2.17 and 9.03 and Article VIII shall survive and remain in
full force and effect regardless of the consummation of the transactions contemplated hereby, the repayment of the Loans, the expiration
or termination of the Letters of Credit and the Commitments or the termination of this Agreement or any provision hereof. Notwithstanding
the foregoing or anything else to the contrary set forth in this Agreement, in the event that, in connection with the refinancing or repayment
in full of the credit facilities provided for herein, an Issuing Bank shall have provided to the Administrative Agent a written consent
to the release of the Revolving Lenders from their obligations hereunder with respect to any Letter of Credit issued by such Issuing Bank
(whether as a result of the obligations of the Borrower (and any other account party) in respect of such Letter of Credit having been
collateralized in full by a deposit of cash with such Issuing Bank or being supported by a letter of credit that names such Issuing Bank
as the beneficiary thereunder, or otherwise), then from and after such time such Letter of Credit shall cease to be a “Letter of
Credit” outstanding hereunder for all purposes of this Agreement and the other Loan Documents (other than Sections 2.15, 2.17 and
9.03 and Article VIII), and the Revolving Lenders shall be deemed to have no participations in such Letter of Credit, and no obligations
with respect thereto, under Section 2.05(e) or 2.05(f).

 

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SECTION 9.06     Counterparts;
Integration; Effectiveness; Electronic Execution.

 

(a)        This
Agreement may be executed in counterparts (and by different parties hereto on different counterparts), each of which shall constitute
an original, but all of which when taken together shall constitute a single contract. This Agreement, the other Loan Documents, the Fee
Letter and any separate letter agreements with respect to fees payable to the Administrative Agent or the Arrangers or the arrangement
and syndication of the Loans and Commitments constitute the entire contract among the parties relating to the subject matter hereof and
supersede any and all previous agreements and understandings, oral or written, relating to the subject matter hereof. Except as provided
in Section 4.01, this Agreement shall become effective when it shall have been executed by the Administrative Agent and when the
Administrative Agent shall have received counterparts hereof that, when taken together, bear the signatures of each of the other parties
hereto, and thereafter shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns.

 

(b)        Delivery
of an executed counterpart of a signature page of (i) this Agreement, (ii) any other Loan Document and/or
(iii) any document, amendment, approval, consent, information, notice (including, for the avoidance of doubt, any notice
delivered pursuant to Section 9.01), certificate, request, statement, disclosure or authorization related to this Agreement,
any other Loan Document and/or the transactions contemplated hereby and/or thereby (each, an “Ancillary
Document”) that is an Electronic Signature transmitted by fax or by email as a “.pdf” or “.tif”
attachment that reproduces an image of an actual executed signature page shall be effective as delivery of a manually executed
counterpart of this Agreement, such other Loan Document or such Ancillary Document, as applicable. The words
 “execution”, “signed”, “signature”, “delivery”, and words of like import in or
relating to this Agreement, any other Loan Document and/or any Ancillary Document shall be deemed to include Electronic Signatures,
deliveries or the keeping of records in any electronic form (including deliveries by facsimile or by email as a “.pdf”
or “.tif” attachment that reproduces an image of an actual executed signature page), each of which shall be of the same
legal effect, validity or enforceability as a manually executed signature, physical delivery thereof or the use of a paper-based
recordkeeping system, as the case may be; provided that nothing herein shall require the Administrative Agent to accept
Electronic Signatures in any form or format without its prior written consent and pursuant to procedures approved by it; provided further, without limiting the foregoing, (A) to the extent the Administrative Agent and the Borrower has agreed to
accept any Electronic Signature, the Administrative Agent, each of the Lenders and the Issuing Banks and each Loan Party shall be
entitled to rely on such Electronic Signature purportedly given by or on behalf of any Lender, any Issuing Bank or any Loan Party
without further verification thereof and without any obligation to review the appearance or form of any such Electronic Signature
and (B) upon the request of the Administrative Agent, any Lender or the Borrower, any Electronic Signature shall be promptly
followed by a manually executed counterpart. Without limiting the generality of the foregoing, each party hereto hereby
(w) agrees that, for all purposes, including, without limitation, in connection with any workout, restructuring, enforcement of
remedies, bankruptcy proceedings or litigation among the Administrative Agent, the Lenders, the Issuing Banks, Holdings, the
Borrower and the other Loan Parties, Electronic Signatures transmitted by facsimile or by email as a “.pdf” or
 “.tif” attachment that reproduces an image of an actual executed signature page and/or any electronic images of
this Agreement, any other Loan Document and/or any Ancillary Document shall have the same legal effect, validity and enforceability
as any paper original, (x) agrees that the Administrative Agent, each Lender, each Issuing Bank and each Loan Party may, at its
option, create one or more copies of this Agreement, any other Loan Document and/or any Ancillary Document in the form of an imaged
electronic record in any format, which shall be deemed created in the ordinary course of such Person’s business, and destroy
the original paper document (and all such electronic records shall be considered an original for all purposes and shall have the
same legal effect, validity and enforceability as a paper record), (y) waives any argument, defense or right to contest the
legal effect, validity or enforceability of this Agreement, any other Loan Document and/or any Ancillary Document based solely on
the lack of paper original copies of this Agreement, such other Loan Document and/or such Ancillary Document, respectively,
including with respect to any signature pages thereto, and (z) waives any claim against any other party hereto for any
losses, claims, demands, damages or liabilities arising solely from the Administrative Agent’s, any Lender’s, any
Issuing Bank’s or any Loan Party’s reliance on or use of Electronic Signatures and/or transmissions by facsimile or by
email as a “.pdf” or “.tif” attachment that reproduces an image of an actual executed signature page,
including any losses, claims, demands, damages or liabilities arising as a result of the failure of the Administrative Agent, any
Lender, any Issuing Bank and/or any Loan Party to use any available security measures in connection with the execution, delivery or
transmission of any Electronic Signature.

 

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SECTION 9.07     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. Without limiting the foregoing provisions of this Section 9.07, if and to the extent that the enforceability
of any provisions in this Agreement relating to Defaulting Lenders shall be limited by Debtor Relief Laws, as determined in good faith
by the Administrative Agent, any Issuing Bank or any Swingline Lender, as applicable, then such provisions shall be deemed to be in effect
only to the extent not so limited.

 

SECTION 9.08     Right
of Setoff. If an Event of Default shall have occurred and be continuing, each Lender, each Issuing Bank and each of their respective
Affiliates is hereby authorized at any time and from time to time, to the fullest extent permitted by law, to set off and apply any and
all deposits (general or special, time or demand, provisional or final, in whatever currency) at any time held and other obligations (in
whatever currency) at any time owing by such Lender, such Issuing Bank or such Affiliate to or for the credit or the account of the Borrower
against any of and all the obligations of the Borrower then due and owing under this Agreement held by such Lender or Issuing Bank, irrespective
of whether or not such Lender or Issuing Bank shall have made any demand under this Agreement and although (a) such obligations may
be contingent or unmatured and (b) such obligations are owed to a branch or office of such Lender or Issuing Bank different from
the branch or office holding such deposit or obligated on such Indebtedness; provided that in the event that any Defaulting Lender
shall exercise any such right of setoff, (i) all amounts so set off shall be paid over immediately to the Administrative Agent for
further application in accordance with the provisions of Section 2.20 and, pending such payment, shall be segregated by such Defaulting
Lender from its other funds and deemed held in trust for the benefit of the Administrative Agent and the Lenders and (ii) the Defaulting
Lender shall provide promptly to the Administrative Agent a statement describing in reasonable detail the Secured Obligations owing to
such Defaulting Lender as to which it exercised such right of setoff. The applicable Lender and applicable Issuing Bank shall notify the
Borrower and the Administrative Agent of such setoff and application; provided that any failure to give or any delay in giving
such notice shall not affect the validity of any such setoff and application under this Section. The rights of each Lender, each Issuing
Bank and their respective Affiliates under this Section are in addition to other rights and remedies (including other rights of setoff)
that such Lender, such Issuing Bank and their respective Affiliates may have.

 

SECTION 9.09     Governing
Law; Jurisdiction; Consent to Service of Process.

 

(a)        THIS
AGREEMENT AND THE OTHER LOAN DOCUMENTS (OTHER THAN AS EXPRESSLY SET FORTH IN ANY OTHER LOAN DOCUMENT), AND ANY CLAIM, CONTROVERSY OR
DISPUTE (WHETHER IN TORT, IN CONTRACT, AT LAW OR IN EQUITY OR OTHERWISE) BASED UPON, ARISING OUT OF OR RELATED TO THIS
AGREEMENT AND THE OTHER LOAN DOCUMENTS (OTHER THAN AS EXPRESSLY SET FORTH IN ANY OTHER LOAN DOCUMENT), SHALL BE GOVERNED BY, AND
CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

 

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(b)        Each
party hereto hereby irrevocably and unconditionally submits, for itself and its property, to the jurisdiction of the Supreme Court of
the State of New York sitting in New York County and of the United States District Court of the Southern District of New York, and any
appellate court from any thereof, in any suit, action or proceeding arising out of or relating to any Loan Document, or for recognition
or enforcement of any judgment, and each of the parties hereto hereby irrevocably and unconditionally agrees that all claims in respect
of any such suit, action or proceeding shall be heard and determined exclusively in such New York State or, to the extent permitted by
law, in such Federal court. Each of the parties hereto agrees that a final judgment in any such suit, action or proceeding shall be conclusive
and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law. Nothing in any Loan Document
shall affect any right that the Administrative Agent may otherwise have to bring any suit, action or proceeding relating to any Loan Document
against any Loan Party or its properties in the courts of any jurisdiction solely in connection with the exercise of its rights under
any Security Document.

 

(c)        Each
party hereto hereby irrevocably and unconditionally waives, to the fullest extent it may legally and effectively do so, any objection
that it may now or hereafter have to the laying of venue of any suit, action or proceeding arising out of or relating to any Loan Document
in any court referred to in paragraph (b) of this Section. Each of the parties hereto hereby irrevocably waives, to the fullest extent
permitted by law, the defense of an inconvenient forum to the maintenance of such suit, action or proceeding in any such court.

 

(d)        Each
party to this Agreement irrevocably consents to service of process in the manner provided for notices in Section 9.01. Nothing in
any Loan Document will affect the right of any party to this Agreement to serve process in any other manner permitted by law.

 

SECTION 9.10     WAIVER
OF JURY TRIAL. EACH PARTY HERETO HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A
TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO ANY LOAN DOCUMENT OR THE TRANSACTIONS CONTEMPLATED
THEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY
OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO
ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT
BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION.

 

SECTION 9.11     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 shall not affect the construction of, or be taken into consideration in interpreting, this Agreement.

 

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SECTION 9.12     Confidentiality.

 

(a)        Each
of the Administrative Agent, the Issuing Banks and the Lenders agrees to maintain the confidentiality of the Information (as defined
below), except that Information may be disclosed (i) to its Affiliates, and to its and its Affiliates’ directors,
officers, employees, trustees and agents, including accountants, legal counsel and other agents and 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 and any failure of such Persons acting on behalf of the Administrative Agent, any Issuing Bank or
the relevant Lender to comply with this Section shall constitute a breach of this Section by the Administrative Agent,
such Issuing Bank or the relevant Lender, as applicable), (ii) to the extent requested by any regulatory authority or
self-regulatory authority, required by applicable law or by any subpoena or similar legal process; provided that solely to
the extent permitted by law and other than in connection with ordinary course audits and reviews by regulatory and self-regulatory
authorities, each Lender and the Administrative Agent shall notify the Borrower as promptly as practicable of any such requested or
required disclosure in connection with any legal or regulatory proceeding; provided  further that in no event
shall any Lender or the Administrative Agent be obligated or required to return any materials furnished by Holdings, the Borrower or
any Subsidiary of Holdings, (iii) to any other party to this Agreement, (iv) in connection with the exercise of any
remedies hereunder or any suit, action or proceeding relating to this Agreement or the enforcement of rights hereunder, (v) for
purposes of establishing a “due diligence” defense, (vi) to (A) any assignee of or Participant in, or any
prospective assignee of or Participant in, any of its rights or obligations under this Agreement, (B) any actual or prospective
counterparty (or its advisors) to any Swap Agreement or derivative transaction relating to any Loan Party or its Subsidiaries and
its obligations under the Loan Documents or (C) any pledgee referred to in Section 9.04(i); provided that, in each
case pursuant to this clause (vi), such assignee, Participant, counterparty or pledgee are advised of and agree to be bound by
either the provisions of this Section 9.12(a) or otherwise reasonably acceptable to the Administrative Agent or the
applicable Lender, as the case may be, and the Borrower, including pursuant to the confidentiality terms set forth in any
Confidential Information Memorandum or other marketing materials relating to the credit facilities governed by this Agreement,
(vii) if required by any rating agency; provided that prior to any such disclosure, such rating agency shall have agreed
in writing to maintain the confidentiality of such Information, (viii) to the extent such Information (A) becomes publicly
available other than as a result of a breach of this Section or (B) becomes available to the Administrative Agent, any
Issuing Bank, any Lender or any of their respective Affiliates on a nonconfidential basis from a source other than Holdings or the
Borrower or (ix) to the extent necessary or customary for inclusion in league table measurement. In addition, the
Administrative Agent and each Lender may disclose the existence of this Agreement and the information about this Agreement to market
data collectors, similar services providers to the lending industry, and service providers to, the Administrative Agent and the
Lenders in connection with the administration and management of this Agreement and the other Loan Documents. For the purposes
hereof, “Information” means all information received from Holdings or the Borrower relating to Holdings, the
Borrower, any other Subsidiary or their business, other than any such information that is available to the Administrative Agent, any
Issuing Bank or any Lender on a nonconfidential basis prior to disclosure by Holdings, the Borrower or any Subsidiary; provided that,
in the case of information received from Holdings, the Borrower or any Subsidiary after the Effective Date, such information is
clearly identified at the time of delivery as confidential. Any Person required to maintain the confidentiality of Information as
provided in this Section shall be considered to have complied with its obligation to do so if such Person has exercised the
same degree of care to maintain the confidentiality of such Information as such Person would accord to its own confidential
information.

 

(b)        EACH
LENDER ACKNOWLEDGES THAT INFORMATION (AS DEFINED IN SECTION 9.12(a)) FURNISHED TO IT PURSUANT TO THIS AGREEMENT AND NOT MARKED “PUBLIC”
MAY INCLUDE PRIVATE-SIDE INFORMATION CONCERNING CWH, HOLDINGS, THE BORROWER, ANY OF THEIR SUBSIDIARIES OR ANY OF THEIR RESPECTIVE
SECURITIES AND CONFIRMS THAT IT HAS DEVELOPED COMPLIANCE PROCEDURES REGARDING THE USE OF PRIVATE-SIDE INFORMATION AND THAT IT WILL HANDLE
SUCH PRIVATE-SIDE INFORMATION IN ACCORDANCE WITH THOSE PROCEDURES AND APPLICABLE LAW, INCLUDING FEDERAL AND STATE SECURITIES LAWS.

 

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(c)        ALL
INFORMATION, INCLUDING REQUESTS FOR WAIVERS AND AMENDMENTS FURNISHED BY THE BORROWER OR THE ADMINISTRATIVE AGENT PURSUANT TO, OR
IN THE COURSE OF ADMINISTERING, THIS AGREEMENT, WILL BE SYNDICATE-LEVEL INFORMATION, WHICH, IF NOT MARKED “PUBLIC”, MAY CONTAIN
PRIVATE-SIDE INFORMATION ABOUT CWH, HOLDINGS, THE BORROWER, ANY OF THEIR SUBSIDIARIES OR ANY OF THEIR RESPECTIVE SECURITIES. ACCORDINGLY,
EACH LENDER REPRESENTS TO THE BORROWER AND THE ADMINISTRATIVE AGENT THAT IT HAS IDENTIFIED IN ITS ADMINISTRATIVE QUESTIONNAIRE A CREDIT
CONTACT WHO MAY RECEIVE INFORMATION THAT MAY CONTAIN PRIVATE-SIDE INFORMATION IN ACCORDANCE WITH ITS COMPLIANCE PROCEDURES AND
APPLICABLE LAW, INCLUDING FEDERAL AND STATE SECURITIES LAWS.

 

SECTION 9.13     USA
Patriot Act and Beneficial Ownership Regulation. Each Lender that is subject to the USA Patriot Act and/or the Beneficial Ownership
Regulation, each Issuing Bank, each Swingline Lender and the Administrative Agent (for itself and not on behalf of any Lender) hereby
notify the Borrower and each other Loan Party that pursuant to the requirements of the USA Patriot Act and the Beneficial Ownership Regulation,
it is required to obtain, verify and record information that identifies each Loan Party, which information includes the name and address
of each Loan Party and other information that will allow such Lender, such Issuing Bank, such Swingline Lender or the Administrative Agent,
as applicable, to identify each Loan Party in accordance with the USA Patriot Act and the Beneficial Ownership Regulation.

 

SECTION 9.14     Judgment
Currency.

 

(a)        If,
for the purpose of obtaining judgment in any court, it is necessary to convert a sum owing hereunder in one currency into another currency,
each party hereto agrees, to the fullest extent that it may effectively do so, that the rate of exchange used shall be that at which in
accordance with normal banking procedures in the relevant jurisdiction the first currency could be purchased with such other currency
on the Business Day immediately preceding the day on which final judgment is given.

 

(b)        The
obligations of the Borrower in respect of any sum due to any party hereto or any holder of any obligation owing hereunder (the “Applicable
Creditor”) shall, notwithstanding any judgment in a currency (the “Judgment Currency”) other than the currency
in which such sum is stated to be due hereunder (the “Agreement Currency”), be discharged only to the extent that,
on the Business Day following receipt by the Applicable Creditor of any sum adjudged to be so due in the Judgment Currency, the Applicable
Creditor may in accordance with normal banking procedures in the relevant jurisdiction purchase the Agreement Currency with the Judgment
Currency; if the amount of the Agreement Currency so purchased is less than the sum originally due to the Applicable Creditor in the Agreement
Currency, the Borrower agrees, as a separate obligation and notwithstanding any such judgment, to indemnify the Applicable Creditor against
such loss. The obligations of the Borrower under this Section shall survive the termination of this Agreement and the payment of
all other amounts owing hereunder.

 

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SECTION 9.15     Release
of Liens and Guarantees.

 

(a)        A
Subsidiary Loan Party shall automatically be released from its obligations under the Loan Documents, and all security interests
created by the Security Documents in Collateral owned by such Subsidiary Loan Party shall be automatically released, (i) upon
the consummation of any transaction permitted by this Agreement as a result of which such Subsidiary Loan Party ceases to be a
Subsidiary; provided that, if so required by this Agreement, the Required Lenders shall have consented to such transaction
and the terms of such consent shall not have provided otherwise, and (ii) without limiting clause (i) above, if such
Subsidiary Loan Party qualifies as an Excluded Subsidiary (other than as a result of any transaction that is not permitted
hereunder), provided that if such Subsidiary Loan Party qualifies as an Excluded Subsidiary pursuant to clause (a) of
the definition of such term, (A) such Subsidiary Loan Party so qualifies as a result of a transaction not undertaken for the
primary purpose of obtaining the release of such Subsidiary Loan Party from its obligations under the Loan Documents (or its
Guarantee or any Liens granted by it under the Loan Documents) and (B) upon consummation of such transaction such Subsidiary
Loan Party shall cease to be a Subsidiary. Upon any sale or other transfer by any Loan Party (other than to a Loan Party) of any
Collateral in a transaction permitted under this Agreement, or upon the effectiveness of any written consent to the release of the
security interest created under any Security Document in any Collateral or the release of Holdings or any Subsidiary Loan Party from
its Guarantee under the Guarantee Agreement pursuant to Section 9.02, the security interests in such Collateral created by the
Security Documents or such Guarantee shall be automatically released. Upon termination of the aggregate Commitments and payment in
full of all Loan Document Obligations (other than contingent indemnification obligations not yet due) and the expiration or
termination of all Letters of Credit (including as a result of obtaining the consent of the applicable Issuing Bank as described in
Section 9.05), all Guarantees under the Loan Documents and all security interests created by the Security Documents shall be
automatically released. Any such release of Guarantees and security interests shall be deemed subject to the provision that such
Guarantees and security interests shall be reinstated if after such release any portion of any payment in respect of the Loan
Document Obligations guaranteed thereby shall be rescinded or must otherwise be restored or returned upon the insolvency,
bankruptcy, dissolution, liquidation or reorganization of the Borrower or any other Loan Party, or upon or as a result of the
appointment of a receiver, intervenor or conservator of, or trustee or similar officer for, the Borrower or any other Loan Party or
any substantial part of its property, or otherwise, all as though such payment had not been made. In connection with any termination
or release pursuant to this Section, the Administrative Agent shall execute and deliver to any Loan Party, at such Loan
Party’s expense, all documents that such Loan Party shall reasonably request to evidence such termination or release so long
as the Borrower or applicable Loan Party shall have provided the Administrative Agent such certifications or documents as the
Administrative Agent shall reasonably request in order to demonstrate compliance with this Agreement and the other Loan
Documents.

 

(b)        The
Administrative Agent will, at the Borrower’s expense, execute and deliver to the applicable Loan Party such documents as such Loan
Party may reasonably request to subordinate the Administrative Agent’s Lien on any property granted to or held by the Administrative
Agent under any Loan Document to the holder of any Lien on such property that is permitted by Section 6.02(d).

 

(c)        Each
of the Lenders and the Issuing Banks irrevocably authorizes the Administrative Agent to provide any release or evidence of release, termination
or subordination contemplated by this Section. 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 Loan Party from its obligations under any Loan Document, in each case in accordance with the terms of the Loan Document
and this Section.

 

(d)        Any
execution and delivery of any document pursuant to this Section 9.15 shall be without recourse to or warranty by the Administrative
Agent (other than as to the Administrative Agent’s authority to execute and deliver such documents).

 

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SECTION 9.16     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 Holdings
acknowledges and agrees that (a) (i) the arranging and other services regarding this Agreement provided by the
Administrative Agent, the Syndication Agent, the Documentation Agent, the Issuing Banks, the Swingline Lenders, the Lenders and the
Arrangers are arm’s-length commercial transactions between the Borrower, Holdings and their respective Affiliates, on the one
hand, and the Administrative Agent, the Syndication Agent, the Documentation Agent, the Issuing Banks, the Swingline Lenders, the
Lenders and the Arrangers, on the other hand, (ii) each of the Borrower and Holdings has consulted its own legal, accounting,
regulatory and tax advisors to the extent it has deemed appropriate, and (iii) each of the Borrower and Holdings is capable of
evaluating, and understands and accepts, the terms, risks and conditions of the transactions contemplated hereby and by the other
Loan Documents; (b) (i) each of the Administrative Agent, the Syndication Agent, the Documentation Agent, the Issuing
Banks, the Swingline Lenders, the Lenders and the Arrangers 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, Holdings, any of their respective Affiliates or any other Person and (ii) none of the Administrative Agent, the
Syndication Agent, the Documentation Agent, the Issuing Banks, the Swingline Lenders, the Lenders and the Arrangers has any
obligation to the Borrower, Holdings 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 (c) the Administrative Agent, the
Syndication Agent, the Documentation Agent, the Issuing Banks, the Swingline Lenders, the Lenders and the Arrangers and their
respective Affiliates may be engaged, for their accounts or the accounts of customers, in a broad range of transactions that involve
interests that differ from those of the Borrower, Holdings and their respective Affiliates, and none of the Administrative Agent,
the Syndication Agent, the Documentation Agent, the Issuing Banks, the Swingline Lenders, the Lenders and the Arrangers has any
obligation to disclose any of such interests to the Borrower, Holdings or any of their respective Affiliates. To the fullest extent
permitted by law, each of the Borrower and Holdings hereby agrees it will not claim that the Administrative Agent, the Syndication
Agent, the Documentation Agent, the Lenders or any Arranger has rendered advisory services of any nature or owes a fiduciary or
similar duty to it in connection with the Transactions and waives and releases any claims that it may have against the
Administrative Agent, the Syndication Agent, the Documentation Agent, the Issuing Banks, the Swingline Lenders, the Lenders and the
Arrangers with respect to any breach or alleged breach of agency or fiduciary duty in connection with any aspect of any transaction
contemplated hereby.

 

SECTION 9.17     Interest
Rate Limitation. Notwithstanding anything to the contrary contained in any Loan Document, the interest paid or agreed to be paid under
the Loan Documents shall not exceed the maximum rate of non-usurious interest permitted by applicable law (the “Maximum Rate”).
If the Administrative Agent or any Lender shall receive interest in an amount that exceeds the Maximum Rate, the excess interest shall
be applied to the principal of the Loans or, if it exceeds such unpaid principal, refunded to the Borrower. In determining whether the
interest contracted for, charged or received by the Administrative Agent or a Lender exceeds the Maximum Rate, such Person may, to the
extent permitted by applicable law, (a) characterize any payment that is not principal as an expense, fee or premium rather than
interest, (b) exclude voluntary prepayments and the effects thereof, and (c) amortize, prorate, allocate and spread in equal
or unequal parts the total amount of interest throughout the contemplated term of the obligations hereunder.

 

SECTION 9.18     Intercreditor
Agreements. (a) Each of the Lenders, the Issuing Banks and the other Secured Parties acknowledges that obligations of the
Loan Parties under certain Indebtedness are required or permitted, under the terms hereof, to be subject to an Acceptable
Intercreditor Agreement. Each of the Lenders, the Issuing Banks and the other Secured Parties hereby irrevocably authorizes and
directs the Administrative Agent to execute and deliver, in each case on behalf of such Secured Party and without any further
consent, authorization or other action by such Secured Party, (i) from time to time upon the request of the Borrower, in
connection with the establishment, incurrence, amendment, refinancing or replacement of any such Indebtedness, an Acceptable
Intercreditor Agreement (it being understood that the Administrative Agent is hereby authorized and directed to determine the terms
and conditions of any such Acceptable Intercreditor Agreement as contemplated by the definition of such term), including any
amendment, supplement or other modification to any Loan Document to implement the terms of any such Acceptable Intercreditor
Agreement, and (ii) any documents relating thereto.

 

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(b)        Each
of the Lenders, the Issuing Banks and the other Secured Parties hereby irrevocably (i) consents to the treatment of the Liens and
the Secured Obligations to be provided for under any Acceptable Intercreditor Agreement, (ii) agrees that, upon the execution and
delivery thereof, such Secured Party will be bound by the provisions of any Acceptable Intercreditor Agreement (including any purchase
option(s) contained therein) as if it were a signatory thereto and will take no actions contrary to the provisions of any Acceptable
Intercreditor Agreement, (iii) agrees that no Secured Party shall have any right of action whatsoever against the Administrative
Agent as a result of any action taken by the Administrative Agent pursuant to this Section or in accordance with the terms of any
Acceptable Intercreditor Agreement and (iv) authorizes and directs the Administrative Agent to carry out the provisions and intent
of each such document.

 

(c)        Each
of the Lenders, the Issuing Banks and the other Secured Parties hereby irrevocably further authorizes and directs the Administrative Agent
to execute and deliver, in each case on behalf of such Secured Party and without any further consent, authorization or other action by
such Secured Party, any amendments, supplements or other modifications of any Acceptable Intercreditor Agreement that the Borrower may
from time to time request (i) to give effect to any establishment, incurrence, amendment, extension, renewal, refinancing or replacement
of any Indebtedness contemplated hereby to be subject thereto or (ii) to confirm for any party that such Acceptable Intercreditor
Agreement is effective and binding upon the Administrative Agent on behalf of the Secured Parties.

 

(d)        Each
of the Lenders, the Issuing Banks and the other Secured Parties hereby irrevocably further authorizes and directs the Administrative Agent
to execute and deliver, in each case on behalf of such Secured Party and without any further consent, authorization or other action by
such Secured Party, any amendments, supplements or other modifications of any Security Document to add or remove any legend that may be
required pursuant to any Acceptable Intercreditor Agreement.

 

SECTION 9.19     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 of the parties hereto, each party hereto acknowledges that any liability of any
Affected Financial Institution arising under any Loan Document, to the extent such liability is unsecured, may be subject to the Write-Down
and Conversion Powers of the applicable Resolution Authority and agrees and consents to, and acknowledges and agrees to be bound by:

 

(a)        the
application of any Write-Down and Conversion Powers by the applicable Resolution Authority to any such liabilities arising hereunder that
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

 

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

 

SECTION 9.20     Acknowledgement
Regarding Any Supported QFCs.

 

(a)        To
the extent that the Loan Documents provide support, through a guarantee or otherwise, for Swap Agreements or any other agreement or instrument
that is a QFC (such support, “QFC Credit Support” and each such QFC, a “Supported QFC”), the parties
hereto acknowledge and agree as set forth in Section 9.20(b) 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 U.S. or any other state of the U.S.).

 

(b)        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 U.S. or a state of the U.S. 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 U.S. or a state of the U.S. Without limitation of the foregoing, it is understood and agreed that the rights and remedies
of the parties hereto 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.

 

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