Document:

Exhibit 10.9

   

  Execution Version

   

  CREDIT AGREEMENT

   

  among

   

  GARDEN SPINCO CORPORATION,

   

  as the Company

   

  After the Merger Effective Time (subject to Section 2.29 hereof), NEOGEN CORPORATION,

   

  as a Borrower

   

  The Several Lenders

    from Time to Time Parties Hereto,

   

  and

   

  JPMORGAN CHASE BANK, N.A.,

    as Administrative Agent

   

  Dated as of June 30, 2022

   

  

  
  
     

  

  
   

  JPMORGAN CHASE BANK, N.A. and GOLDMAN SACHS BANK USA,

   

  as Joint Lead Arrangers and Joint Bookrunners

   

  GOLDMAN SACHS BANK USA,

   

  as Syndication Agent

   

  
     

    
      
 

  

  
   

  TABLE OF CONTENTS

   

  

  
  
     

  

  
   

  Page

   

  	Section 1.  	 	DEFINITIONS	2
	 	1.1  	 	Defined Terms	2
	 	1.2   	 	Other Definitional Provisions	51
	 	1.3  	 	Currency Conversion	52
	 	1.4   	 	Terms Generally; Pro Forma Calculations	53
	 	1.5   	 	[Reserved]	56
	 	1.6 	 	Interest Rates; Benchmark Notification	56
	Section 2.  	 	AMOUNT AND TERMS OF LOANS AND COMMITMENTS	56
	 	2.1  	 	[Reserved]	56
	 	2.2 	 	[Reserved]	56
	 	2.3   	 	Tranche A Term Commitments	56
	 	2.4  	 	Procedure for Tranche A Term Loan Borrowing	57
	 	2.5  	 	Repayment of Term Loans	57
	 	2.6 	 	Revolving Commitments	58
	 	2.7  	 	Procedure for Revolving Loan Borrowing	58
	 	2.8  	 	Swingline Commitments	59
	 	2.9   	 	Procedure for Swingline Borrowing; Refunding of Swingline Loans	59
	 	2.10  	 	Commitment Fees, Ticking Fee, etc.	60
	 	2.11  	 	Termination or Reduction of Commitments	61
	 	2.12  	 	Optional Prepayments	61
	 	2.13  	 	Mandatory Prepayments	62
	 	2.14  	 	Conversion and Continuation Options	64
	 	2.15   	 	Limitations on Term Benchmark Borrowings	64
	 	2.16  	 	Interest Rates and Payment Dates	64
	 	2.17  	 	Computation of Interest and Fees	65
	 	2.18   	 	Alternate Rate of Interest	65
	 	2.19 	 	Pro Rata Treatment and Payments	68
	 	2.20	 	Requirements of Law	69
	 	2.21  	 	Taxes	70
	 	2.22	 	Indemnity	74
	 	2.23 	 	Change of Lending Office	74
	 	2.24	 	Replacement of Lenders	75
	 	2.25 	 	[Reserved]	75
	 	2.26	 	Extension of the Facilities	76
	 	2.27 	 	Incremental Loan Extensions	79
	 	2.28  	 	Defaulting Revolving Lenders	83
	 	2.29  	 	Designation of Neogen as a Borrower	85
	 	2.30 	 	Refinancing Facilities	86
	Section 3.	 	LETTERS OF CREDIT	87
	 	3.1 	 	L/C Commitments	87
	 	3.2   	 	Procedure for Issuance of Letter of Credit	87
	 	3.3 	 	Fees and Other Charges	88

   

  
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  	 	3.4 	 	L/C Participations	88
	 	3.5  	 	Reimbursement Obligation of the Borrowers	89
	 	3.6  	 	Obligations Absolute	90
	 	3.7  	 	Letter of Credit Payments	90
	 	3.8	 	Applications	91
	 	3.9  	 	Provisions Related to Letters of Credit in Respect of Extended Revolving Commitments	91
	 	3.10	 	Rollover of Existing Letters of Credit	91
	Section 4. 	 	REPRESENTATIONS AND WARRANTIES	91
	 	4.1  	 	Financial Condition	91
	 	4.2  	 	No Change	92
	 	4.3  	 	Existence; Compliance with Law	92
	 	4.4  	 	Power; Authorization; Enforceable Obligations	92
	 	4.5 	 	No Legal Bar	93
	 	4.6 	 	Litigation	93
	 	4.7  	 	No Default	93
	 	4.8  	 	Ownership of Property	93
	 	4.9  	 	Intellectual Property	93
	 	4.10  	 	Taxes	93
	 	4.11 	 	[Reserved]	94
	 	4.12   	 	Federal Regulations	94
	 	4.13 	 	Labor Matters	94
	 	4.14 	 	ERISA	94
	 	4.15  	 	Investment Company Act; Other Regulations	94
	 	4.16  	 	Subsidiaries	94
	 	4.17   	 	Use of Proceeds	94
	 	4.18   	 	Environmental Matters	95
	 	4.19   	 	Accuracy of Information, etc.	95
	 	4.20   	 	Security Documents	96
	 	4.21   	 	Solvency	96
	 	4.22   	 	Anti-Corruption Laws and Sanctions	96
	 	4.23   	 	Affected Financial Institutions	96
	Section 5.  	 	CONDITIONS PRECEDENT	96
	 	5.1  	 	Conditions to the Effective Date	96
	 	5.2  	 	Conditions to the Closing Date	97
	 	5.3 	 	Conditions to Each Extension of Credit After the Closing Date	100
	Section 6.   	 	AFFIRMATIVE COVENANTS	100
	 	6.1  	 	Financial Statements	100
	 	6.2  	 	Certificates; Other Information	101
	 	6.3  	 	Payment of Taxes	101
	 	6.4   	 	Maintenance of Existence; Compliance	102
	 	6.5   	 	Maintenance of Property; Insurance	102
	 	6.6  	 	Inspection of Property; Books and Records; Discussions	102
	 	6.7 	 	Notices	102
	 	6.8 	 	Environmental Laws	103

   

  
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  	 	6.9 	 	Additional Collateral, etc.	103
	 	6.10  	 	Designation of Subsidiaries	105
	 	6.11  	 	[Reserved]	105
	 	6.12 	 	Post-Closing Obligations	106
	 	6.13	 	Maintenance of Ratings	107
	Section 7. 	 	NEGATIVE COVENANTS	107
	 	7.1   	 	Financial Condition Covenants	107
	 	7.2 	 	Indebtedness	107
	 	7.3  	 	Liens	111
	 	7.4  	 	Fundamental Changes	116
	 	7.5  	 	Disposition of Property	117
	 	7.6 	 	Restricted Payments	120
	 	7.7  	 	[Reserved]	122
	 	7.8   	 	Investments	122
	 	7.9   	 	[Reserved]	126
	 	7.10   	 	Transactions with Affiliates	126
	 	7.11   	 	Sales and Leasebacks	128
	 	7.12  	 	Changes in Fiscal Periods	128
	 	7.13  	 	Negative Pledge Clauses	128
	 	7.14 	 	Lines of Business	130
	 	7.15  	 	Optional Payments and Modifications of Subordinated Indebtedness	130
	 	7.16 	 	Use of Proceeds	131
	Section 8.  	 	EVENTS OF DEFAULT	131
	Section 9.   	 	THE AGENTS	135
	 	9.1  	 	Appointment	135
	 	9.2 	 	Delegation of Duties	136
	 	9.3  	 	Exculpatory Provisions	136
	 	9.4  	 	Reliance by Administrative Agent	136
	 	9.5  	 	Notice of Default	136
	 	9.6   	 	Non-Reliance on Agents and Other Lenders; Acknowledgements of Lenders and Issuing Lenders	137
	 	9.7  	 	Indemnification	139
	 	9.8  	 	Agent in Its Individual Capacity	139
	 	9.9	 	Successor Administrative Agent	140
	 	9.10   	 	Certain ERISA Matters	140
	 	9.11 	 	Agents	141
	 	9.12  	 	Credit Bidding	142
	Section 10. 	 	MISCELLANEOUS	143
	 	10.1  	 	Amendments and Waivers	143
	 	10.2   	 	Notices	144
	 	10.3  	 	No Waiver; Cumulative Remedies	146
	 	10.4  	 	Survival of Representations and Warranties	146
	 	10.5  	 	Expenses; Limitation of Liability; Indemnity, Etc.	146
	 	10.6  	 	Successors and Assigns; Participations and Assignments	147

   

  
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  	 	10.7  	 	Adjustments; Set-off	152
	 	10.8  	 	Counterparts; Effectiveness; Electronic Execution	153
	 	10.9   	 	Severability	153
	 	10.10  	 	Integration	153
	 	10.11  	 	GOVERNING LAW	154
	 	10.12   	 	Submission To Jurisdiction; Waivers	154
	 	10.13   	 	[Reserved]	155
	 	10.14   	 	Releases of Guarantees and Liens	155
	 	10.15  	 	Confidentiality	156
	 	10.16  	 	WAIVERS OF JURY TRIAL	157
	 	10.17  	 	Patriot Act	157
	 	10.18  	 	No Fiduciary Duty	158
	 	10.19  	 	Usury	158
	 	10.20 	 	Acknowledgement and Consent to Bail-In of Affected Financial Institutions	158
	 	10.21   	 	Conversion of Currencies	159
	 	10.22  	 	Several Obligations	159
	 	10.23  	 	Acknowledgement Regarding Any Supported QFCs	159

   

  SCHEDULES:

   

  

  	1.1A	Commitments
	1.1D	Excluded Subsidiary
	3.10	Existing Letters of Credit
	4.4	Consents, Authorizations, Filings and Notices
	4.16	Subsidiaries
	6.12(b)	Post-Closing Obligations
	7.2(d)	Existing Indebtedness
	7.3(f)	Existing Liens
	7.5	Dispositions
	7.8(h)	Existing Investments
	7.10	Transactions with Affiliates 
	7.13	Negative Pledge

   

  EXHIBITS:

   

  		A-1	Form of Guarantee Agreement

  

  		A-2	Form of Collateral Agreement

  

  		B	Form of Compliance Certificate

  

  		C	[Reserved]

  

  		D	Form of Joinder Agreement

  

  		E	Form of Assignment and Assumption

  

  		F-1	Form of U.S. Tax Compliance Certificate

  

  (For Non-U.S. Lenders That Are Not Partnerships For U.S. Federal Income Tax Purposes)

  		F-2	Form of U.S. Tax Compliance Certificate

  (For Non-U.S. Participants That Are Partnerships For U.S. Federal Income Tax Purposes)

  
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  		F-3	Form of U.S. Tax Compliance Certificate

  

  (For Non-U.S. Participants That Are Not Partnerships For U.S. Federal Income Tax Purposes)

  

  		F-4	Form of U.S. Tax Compliance Certificate

  

  (For Non-U.S. Lenders That Are Partnerships For U.S. Federal Income Tax Purposes)

  

  		G	Form of Solvency Certificate

  

  		H	Form of Administrative Questionnaire

   

  
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  CREDIT AGREEMENT, dated as of June 30, 2022 (this “Agreement”), among GARDEN SPINCO CORPORATION, a Delaware corporation (the “Company”), after the Merger
    Effective Time (as defined herein) and subject to Section 2.29 hereof, NEOGEN CORPORATION, a Michigan corporation, the several banks and other financial institutions or entities from time to time parties to this Agreement (the “Lenders”) and
    JPMORGAN CHASE BANK, N.A., as administrative agent.

   

  RECITALS

   

  WHEREAS, (a) 3M Company (“3M”) intends to separate the SpinCo Business from 3M and its subsidiaries (the “Separation”) and (b) following the Separation,
    3M and Neogen Corporation (“Neogen”) intend to combine the SpinCo Business with Neogen (Neogen together with its subsidiaries prior to such combination, the “Neogen Business”, and the Neogen Business, together with the SpinCo Business,
    the “Combined Business”);

   

  WHEREAS, the foregoing will be consummated on the terms and subject to the conditions set forth in the Separation and Distribution Agreement, dated as of December 13,
    2021 (as amended from time to time and including the annexes, exhibits, schedules and all related documents, collectively the “Separation and Distribution Agreement”), by and among 3M, the Company and Neogen and the Agreement and Plan of Merger,
    dated as of December 13, 2021 (as amended from time to time and including the annexes, exhibits, schedules and all related documents, collectively the “Merger Agreement” and, together with the Separation and Distribution Agreement and the Asset
    Purchase Agreements referred to below, collectively the “Transaction Agreements”), by and among 3M, the Company, Neogen and Nova RMT Sub, Inc., a wholly owned direct or indirect subsidiary of Neogen (“Merger Sub”), pursuant to or in
    connection with which it is intended that (1) 3M, to effect the Separation, will contribute a significant portion of the SpinCo Business to the Company, a wholly owned direct or indirect subsidiary of 3M (the “Contribution”) or its subsidiaries,
    (2) in connection with the Separation and in partial consideration of the Contribution, the Company will (A) issue to 3M additional shares of common stock of the Company (the “Spinco Common Stock”), (B) issue the Spinco Securities (as defined
    below) to 3M (or, to the extent the Spinco Securities have not been issued on or prior to the Closing Date (as defined below), incur the Bridge Loans (as defined below)) and (C) directly or indirectly make a cash transfer to 3M in an amount determined
    pursuant to the terms of the Separation and Distribution Agreement (the “Spinco Cash Distribution”), (3) on the date of the consummation of the Merger, but prior to the consummation of the Merger, 3M will consummate a spin-off and/or split-off
    of all of the issued and outstanding shares of Spinco Common Stock to holders of 3M common stock (the “Distribution”), (4) immediately following the Distribution, Merger Sub will merge with and into the Company, following which the Company shall
    become a wholly owned subsidiary of Neogen (the “Merger”) and (5) 3M will consummate the sale of the remaining assets and related liabilities that comprise the SpinCo Business that are not then held by the Company or its subsidiaries to Neogen
    or the Company or one or more of their respective subsidiaries pursuant to certain asset purchase agreements (the “Asset Purchase Agreements”, and such sales, the “Initial Asset Sales”, and together with the Separation, Contribution, the
    issuance of additional Spinco Common Stock, the issuance (or incurrence) of the Spinco Securities (or the Bridge Loans, if applicable), the Spinco Cash Distribution, the Distribution, the Merger and the other transactions contemplated by the
    Transaction Agreements, collectively the “Merger Transactions”);

   

  WHEREAS, the Spinco Cash Distribution, the Initial Asset Sales and related transaction fees and expenses are expected to be financed by the Tranche A Term Loans (as
    defined herein) and cash on hand of the Company, Neogen and their respective subsidiaries. As used herein, the Merger Transactions, the incurrence of the Tranche A Term Loans and the payment of related fees, premiums and expenses are collectively
    referred to herein as the “Transactions”.

   

  
    
      
 

  

  
   

  WHEREAS, the Company has requested that the Lenders party hereto shall extend credit to the applicable Borrowers in the form of senior secured credit facilities in an
    aggregate amount of $800,000,000 comprised of (i) a $650,000,000 term loan A facility and (ii) a $150,000,000 revolving credit facility.

   

  WHEREAS, the Lenders are willing to extend such credit to the applicable Borrowers on the terms and subject to the conditions set forth herein.

   

  NOW, THEREFORE, the parties hereto hereby agree as follows:

   

  Section 1.          DEFINITIONS

   

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

   

  “3M”: as defined in the recitals hereto.

   

  “ABR”: when used in reference to any Loan or Borrowing, refers to whether such Loan, or the Loans comprising such Borrowing, bear interest at a rate determined
    by reference to the Alternate Base Rate. All ABR Loans shall be denominated in Dollars.

   

  “Additional Lender”: as defined in Section 2.27(b).

   

  “Additional Refinancing Lender”: as defined in Section 2.30(a).

   

  “Adjusted Daily Simple SOFR”: means an interest rate per annum equal to (a) the Daily Simple SOFR, plus (b) 0.10%; provided that if the
    Adjusted Daily Simple SOFR Rate as so determined would be less than the Floor, such rate shall be deemed to be equal to the Floor for the purposes of this Agreement.

   

  “Adjusted Term SOFR Rate”: means, for any Interest Period, an interest rate per annum equal to (a) the Term SOFR Rate for such Interest Period, plus (b)
    0.10%; provided that if the Adjusted Term SOFR Rate as so determined would be less than the Floor, such rate shall be deemed to be equal to the Floor for the purposes of this Agreement.

   

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

   

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

   

  “Administrative Agent Fee Letter” the Administrative Agent Fee Letter, dated as of June 2, 2022, among the Company and JPMCB.

   

  “Administrative Questionnaire”: an Administrative Questionnaire in the form of Exhibit H or such other form as may be supplied from time to time by the
    Administrative Agent.

   

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

   

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

   

  
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  “Affiliated Lender”: as defined in Section 10.6(k).

   

  “Agents”: the collective reference to the Joint Lead Arrangers, the Joint Bookrunners, the Syndication Agent and the Administrative Agent.

   

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

   

  “Agreement”: as defined in the preamble hereto.

   

  “Agreement Currency”: as defined in Section 10.21(b).

   

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

   

  “All-in Yield”: with respect to any Indebtedness, the yield of such Indebtedness, whether in the form of interest rate, margin, commitment or ticking fees,
    original issue discount, upfront fees, index floors or otherwise, in each case, payable generally to the applicable lenders; provided that original issue discount and upfront fees shall be equated to interest rate assuming a four-year life to
    maturity; provided further that “All-in Yield” shall not include arrangement fees, structuring fees, consent fees or other fees in each case not paid to the applicable lenders generally.

   

  “Alternate Base Rate”: 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 1.0% and (c) the Adjusted Term SOFR Rate for a one month Interest Period as published two U.S. Government Securities Business Days prior to such day (or if such day is not a U.S. Government Securities Business Day, the immediately preceding
    U.S. Government Securities Business Day) plus 1.0%; provided that for the purpose of this definition, the Adjusted Term SOFR Rate for any day shall be based on the Term SOFR Reference Rate at approximately 5:00 a.m. Chicago time on such day (or
    any amended publication time for the Term SOFR Reference Rate, as specified by the CME Term SOFR Administrator in the Term SOFR Reference Rate methodology). Any change in the Alternate Base Rate due to a change in the Prime Rate, the NYFRB Rate or the
    Adjusted Term SOFR Rate shall be effective from and including the effective date of such change in the Prime Rate, the NYFRB Rate or the Adjusted Term SOFR Rate, respectively. If the Alternate Base Rate is being used as an alternate rate of interest
    pursuant to Section 2.18 (for the avoidance of doubt, only until the Benchmark Replacement has been determined pursuant to Section 2.18(b)), then the Alternate Base Rate shall be the greater of clauses (a) and (b) above and shall be determined without
    reference to clause (c) above. For the avoidance of doubt, if the Alternate Base Rate as determined pursuant to the foregoing would be less than 1.0%, such rate shall be deemed to be 1.0% for purposes of this Agreement.

   

  “Anti-Corruption Laws”: (a) the United States Foreign Corrupt Practices Act of 1977, as amended, and the rules and regulations thereunder and the Bribery Act
    2010 of the United Kingdom, as amended, or any applicable law or regulation implementing the OECD Convention on Combating Bribery of Foreign Public Officials in International Business Transactions, or (b) solely with respect to any Foreign Subsidiary,
    any other applicable anti-bribery or anti-corruption law that is applicable to such Foreign Subsidiary in its relevant jurisdiction of organization.

   

  
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  “Applicable Creditor”: as defined in Section 10.21(b).

   

  “Applicable Intercreditor Agreement”: a First Lien Intercreditor Agreement or a Junior Lien Intercreditor Agreement, as applicable.

   

  “Applicable Margin”: for each Type of Revolving Loan, Swingline Loan and Tranche A Term Loan, the rate per annum set forth under the relevant column heading
    below:

   

  	
          ABR Loans 

        	 	
          Term Benchmark

              Loans / RFR Loans 

        
	 	 	 
	1.25%	 	2.25%

   

  provided that from and after the first Adjustment Date occurring after the completion of the first full fiscal quarter ending after the Closing Date, the Applicable Margin with
    respect to Revolving Loans, Swingline Loans and Tranche A Term Loans will be determined pursuant to the Pricing Grid.

   

  “Applicable Minimum Amount”: in the case of Revolving Loans, an amount equal to $5,000,000 or a whole multiple of $1,000,000 in excess thereof.

   

  “Application”: with respect to an Issuing Lender, an application, in such form as such Issuing Lender may specify from time to time, requesting such Issuing
    Lender to issue or amend a Letter of Credit.

   

  “Arrangers”: JPMorgan Chase Bank, N.A. and Goldman Sachs Bank USA.

   

  “Asset Sale”: any Disposition of property or series of related Dispositions of property outside of the ordinary course of business permitted by clause (h) or
    clause (k) of Section 7.5 that yields Net Cash Proceeds to the Parent or any of its Subsidiaries of greater than the greater of (x) $45,000,000 and (y) 15.0% of Consolidated EBITDA for the most recently ended Test Period.

   

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

   

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

   

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

   

  “Auto-Extension Letter of Credit”: as defined in Section 3.1(a).

   

  “Available Amount”: at any time, an amount equal to, without duplication:

   

  (a)           the sum of:

   

  (i)              the greater of (x) $75,000,000 and (y) 25.0% of
    Consolidated EBITDA for the most recently ended Test Period calculated on a Pro Forma Basis; plus

   

  (ii)             the CNI Growth Amount; plus

   

  

  
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  (iii)            the amount of any capital contributions to or other
    proceeds of any issuance of Qualified Capital Stock (other than any amounts received from the Parent or any Subsidiary) received by the Parent or any of its Subsidiaries, plus the fair market value (as determined by the Parent in good faith) of Cash
    Equivalents, marketable securities or other property received by the Parent or any Subsidiary as a capital contribution or in return for any issuance of Qualified Capital Stock (other than any amounts received from the Parent or any Subsidiary), in
    each case, during the period from and including the day immediately following the Merger Effective Time through and including such time; plus

   

  (iv)            the aggregate principal amount of any Indebtedness or
    Disqualified Capital Stock, in each case, of the Parent or any Subsidiary issued after the Merger Effective Time (other than Indebtedness or such Disqualified Capital Stock issued to the Parent or any Subsidiary), which has been converted into or
    exchanged for Capital Stock of the Parent or any Subsidiary that does not constitute Disqualified Capital Stock, together with the fair market value of any cash or Cash Equivalents (as determined by the Parent in good faith) and the fair market value
    (as determined by the Parent in good faith) of any property or assets received by the Parent or such Subsidiary upon such exchange or conversion, in each case, during the period from and including the day immediately following the Merger Effective Time
    through and including such time; plus

   

  (v)             the net proceeds received by the Parent or any Subsidiary
    during the period from and including the day immediately following the Merger Effective Time through and including such time in connection with the Disposition to any Person (other than the Parent or any Subsidiary) of any Investment made pursuant to
    Section 7.8(l) in an amount, together with amounts added pursuant to clauses (vi) and (vii)(C), not to exceed the original Investment; plus

   

  (vi)            to the extent not already reflected as a return of capital
    with respect to such Investment for purposes of determining the amount of such Investment, the proceeds received by the Parent or any Subsidiary during the period from and including the day immediately following the Merger Effective Time through and
    including such time in connection with cash returns, cash profits, cash distributions and similar cash amounts, including cash principal repayments of loans and interest payments on loans, in each case received in respect of any Investment made
    pursuant to Section 7.8(l) in an amount, together with amounts added pursuant to clauses (v) and (vii)(C), not to exceed the original Investment; plus

   

  (vii)          an amount equal to the sum of (A) the amount of any
    Investments by the Parent or any Subsidiary pursuant to Section 7.8(l) in any Unrestricted Subsidiary that has been re-designated as a Subsidiary, (B) the amount of any Investments by the Parent or any Subsidiary pursuant to Section 7.8(l) in any
    Unrestricted Subsidiary or any Joint Venture that is not a Subsidiary that has been merged, consolidated or amalgamated with or into, or is liquidated, wound up or dissolved into, the Parent or any Subsidiary and (C) the fair market value (as
    determined by the Parent in good faith) of the property or assets of any Unrestricted Subsidiary or any Joint Venture that is not a Subsidiary that have been transferred, conveyed or otherwise distributed to the Parent or any Subsidiary, in each case,
    during the period from and including the day immediately following the Merger Effective Time through and including such time in an amount not to exceed, together with amounts added pursuant to clauses (v) and (vi), the Investments made in such
    Unrestricted Subsidiary or Joint Venture pursuant to Section 7.8(l); plus

   

  (viii)         the amount of any Declined Proceeds; minus

   

  
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  (b)           an amount equal to the sum of (i) Restricted Payments made pursuant to
    Section 7.6(g), plus (ii) Restricted Debt Payments made pursuant to Section 7.15(e), plus (iii) Investments made pursuant to Section 7.8(l), in each case, during the period from and including the day immediately following the Merger Effective Time
    through and including such time.

   

  “Available Revolving Commitment”: as to any Revolving Lender at any time, an amount equal to the excess, if any, of (a) such Lender’s Revolving Commitment then
    in effect over (b) such Lender’s Revolving Extensions of Credit then outstanding; provided, that in calculating any Lender’s Revolving Extensions of Credit for the purpose of determining such Lender’s Available Revolving Commitment pursuant to
    Section 2.10(a), the aggregate principal amount of Swingline Loans then outstanding shall be deemed to be zero.

   

  “Available Tenor”: as of any date of determination and with respect to the then-current Benchmark, as applicable, any tenor for such Benchmark (or component
    thereof) or payment period for interest calculated with reference to such Benchmark (or component thereof), as applicable, that is or may be used for determining the length of an Interest Period for any term rate or otherwise, for determining any
    frequency of making payments of interest calculated pursuant to this Agreement as of such date and not including, for the avoidance of doubt, any tenor for such Benchmark that is then-removed from the definition of “Interest Period” pursuant to clause
    (e) of ‎Section 2.18.

   

  “Bail-In Action”: 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”: (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).

   

  “Benchmark”: initially, with respect to any (i) RFR Loan (if applicable pursuant to Section 2.18), the Daily Simple SOFR or (ii) Term Benchmark Loan, the Term
    SOFR Rate; provided that if a Benchmark Transition Event and the related Benchmark Replacement Date have occurred with respect to the Daily Simple SOFR or Term SOFR Rate, as applicable, or any other then-current Benchmark, then “Benchmark”
    means the applicable Benchmark Replacement to the extent that such Benchmark Replacement has replaced such prior benchmark rate pursuant to clause (b) of Section 2.18.

   

  “Benchmark Replacement”: 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 Adjusted Daily Simple SOFR; and

   

  (2)             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 in the United States and (b) if such alternate benchmark is an Unadjusted Benchmark Replacement, the related Benchmark Replacement Adjustment.

   

  
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  If the Benchmark Replacement as determined pursuant to clauses (1) or (2) 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”: 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, 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 Borrowers for the applicable Corresponding Tenor giving due consideration to (i) any selection or recommendation of a spread adjustment, or method for calculating or determining such spread adjustment, for
    the replacement of such Benchmark with the applicable Unadjusted Benchmark Replacement by the Relevant Governmental Body on the applicable Benchmark Replacement Date and/or (ii) any evolving or then-prevailing market convention for determining a spread
    adjustment, or method for calculating or determining such spread adjustment, for the replacement of such Benchmark with the applicable Unadjusted Benchmark Replacement for dollar-denominated syndicated credit facilities at such time.

   

  “Benchmark Replacement Conforming Changes”: 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 “U.S. Government Securities 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,
    following consultation with the Borrower, may be appropriate to reflect the adoption and implementation of such Benchmark 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 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).

   

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

   

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

   

  (2)             in the case of clause (3) of the definition of “Benchmark
    Transition Event,” the first date on which such Benchmark (or the published component used in the calculation thereof) has been determined and announced by the regulatory supervisor for the administrator of such Benchmark (or such component thereof) to
    be no longer representative; provided, that such non-representativeness will be determined by reference to the most recent statement or publication referenced in such clause (3) and even if any Available Tenor of such Benchmark (or such
    component thereof) continues to be provided on such date.

   

  
    7

    
      
 

  

   

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

   

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

   

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

   

  (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, or as of a specified future
    date will no longer be, 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”: with respect to any Benchmark, the period (if any) (x) beginning at the time that a Benchmark Replacement Date pursuant to
    clauses (1) or (2) of that definition has occurred if, at such time, no Benchmark Replacement has replaced such then-current Benchmark for all purposes hereunder and under any Loan Document in accordance with ‎Section 2.18 and (y)
    ending at the time that a Benchmark Replacement has replaced such then-current Benchmark for all purposes hereunder and under any Loan Document in accordance with ‎Section 2.18.

   

  
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  “Beneficial Ownership Certification”: with respect to any Borrower that is a “legal entity customer” as such term is defined in the Beneficial Ownership
    Regulation, a certification regarding beneficial ownership as required by the Beneficial Ownership Regulation.

   

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

   

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

   

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

   

  “BHC Act Affiliate”: of a party means an “affiliate’ (as such term is defined under, and interpreted in accordance with, 12 U.S.C. 1841(k)) of such party.

   

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

   

  “Borrower”: (a) with respect to the Tranche A Term Facility, the Company and (b) with respect to the Revolving Facility, the Company and, after the Merger
    Effective Time, subject to Section 2.29, Neogen. The Company and, after the Merger Effective Time, Neogen are referred to herein collectively as the “Borrowers”.

   

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

   

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

   

  “Bridge Commitment Letter”: the Commitment Letter, dated as of December 13, 2021, among the Company and the Arrangers, as in effect from time to time.

   

  “Bridge Loans”: the senior secured bridge loans to be made to the Company on or prior to the Closing Date in accordance with the terms of the Bridge Commitment
    Letter and/or the definitive documentation with respect thereto (to the extent the Spinco Securities have not been issued on or prior to the Closing Date), in an aggregate principal amount equal to $350.0 million less the aggregate principal
    amount of the Spinco Securities that have been issued on or prior to the Closing Date.

   

  “Business”: as defined in Section 4.18(b).

   

  “Business Day”: any day (other than a Saturday or a Sunday) on which banks are open for business in New York City; provided that, in addition to the
    foregoing, a Business Day shall be (a) in relation to RFR Loans and any interest rate settings, fundings, disbursements, settlements or payments of any such RFR Loan, or any other dealings of such RFR Loan (b) in relation to Loans referencing the
    Adjusted Term SOFR Rate and any interest rate settings, fundings, disbursements, settlements or payments of any such Loans referencing the Adjusted Term SOFR Rate or any other dealings of such Loans referencing the Adjusted Term SOFR Rate, any such day
    that is only a U.S. Government Securities Business Day.

   

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

   

  “Capital Lease Obligations”: as to any Person, the obligations of such Person to pay rent or other amounts under any lease of (or other arrangement conveying
    the right to use) real or personal property, or a combination thereof, which obligations are required to be classified and accounted for as capital leases on a balance sheet of such Person under GAAP and, for the purposes of this Agreement, the amount
    of such obligations at any time shall be the capitalized amount thereof at such time determined in accordance with GAAP; provided that, all obligations of the Parent and its Subsidiaries that are or would be characterized as an operating lease
    as determined in accordance with GAAP as in effect prior to December 15, 2018 (whether or not such operating lease was in effect on such date) shall continue to be accounted for as an operating lease (and not as a Capital Lease Obligation) for purposes
    of this Agreement regardless of any change in GAAP on and following December 15, 2018 (in each case, that would otherwise require such obligation to be re-characterized as a Capital Lease Obligation).

   

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

   

  “Cash Equivalents”: (a) marketable direct obligations issued by, or unconditionally guaranteed by, the United States Government or issued by any agency thereof
    and backed by the full faith and credit of the United States, in each case maturing within one year from the date of acquisition; (b) certificates of deposit, time deposits, eurodollar time deposits or overnight bank deposits having maturities of one
    year or less from the date of acquisition issued by any Lender or by any commercial bank organized under the laws of the United States or any state thereof or any United States branch of a foreign bank, in each case having combined capital and surplus
    of not less than $500,000,000; (c) commercial paper of an issuer rated at least A-2 by Standard & Poor’s Financial Services LLC (together with any successor thereto, “S&P”), P-2 by Moody’s Investors Service, Inc. (together with any
    successor thereto, “Moody’s”) or F2 by Fitch, or carrying an equivalent rating by a nationally recognized rating agency, if all of the three named rating agencies cease publishing ratings of commercial paper issuers generally, and maturing
    within one year from the date of acquisition; (d) repurchase obligations of any Lender or of any commercial bank satisfying the requirements of clause (b) of this definition, having a term of not more than 30 days, with respect to securities issued or
    fully guaranteed or insured by the United States government; (e) securities with maturities of one year or less from the date of acquisition issued or fully guaranteed by any state, commonwealth or territory of the United States, by any political
    subdivision or taxing authority of any such state, commonwealth or territory or by any foreign government, the securities of which state, commonwealth, territory, political subdivision, taxing authority or foreign government (as the case may be) are
    rated (i) in the case of any such state, commonwealth, territory, political subdivision or taxing authority, at least A by S&P, A by Moody’s or A by Fitch or (ii) in the case of a foreign government, at least BBB- by S&P, Baa3 by Moody’s or
    BBB- by Fitch; (f) securities with maturities of one year or less from the date of acquisition backed by standby letters of credit issued by any Lender or any commercial bank satisfying the requirements of clause (b) of this definition; (g) shares of
    money market mutual or similar funds which invest exclusively in assets satisfying the requirements of clauses (a) through (f) of this definition; (h) money market funds that (i) comply with the criteria set forth in SEC Rule 2a-7 under the Investment
    Company Act of 1940, as amended, (ii) are rated AAA or Aaa, as applicable, by any two of S&P, Moody’s and Fitch and (iii) have portfolio assets of at least $5,000,000,000; (i) debt securities and marketable corporate securities of an issuer rated
    at least A-3 by S&P and P-3 by Moody’s for short-term ratings and A- by S&P and A3 by Moody’s for long-term ratings, or carrying an equivalent rating by a nationally recognized rating agency, with original maturities between 91 days and two
    years, in accordance with the Parent’s investment policy for cash management of the Parent; or (j) solely in respect of the ordinary course cash management activities of Foreign Subsidiaries, equivalents of the investments described in clauses (a)
    through (h) above denominated in foreign currencies and used by the Parent for cash management purposes in the ordinary course of business consistent with past practice to the extent guaranteed, issued, accepted or offered by (x) any country in which
    such Foreign Subsidiary operates or is organized or (y) any commercial bank organized under the laws of the jurisdiction in which such Foreign Subsidiary operates or is organized, as applicable, in each case without regard to any minimum rating or
    capital requirement specified in clauses (a) through (i) above. For the avoidance of doubt, any items identified as Cash Equivalents under this definition will be deemed to be Cash Equivalents for all purposes under this Agreement regardless of the
    treatment of such items under GAAP.

   

  
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  “Cash Management Obligations”: any obligation of the Parent or any of its Subsidiaries in respect of (i) cash netting, overdrafts and related liabilities that
    arise from treasury, depositary or cash pooling or management services including in connection with any automated clearing house transfers of funds or any similar transactions including in connection with deposit accounts, (ii) credit, debit, travel
    and expense, corporate purchasing and/or other purchasing cards issued to or for the benefit or account of the Parent or any of its Subsidiaries or their respective employees and (iii) obligations in respect of any other services related, ancillary or
    complementary to the foregoing. For the avoidance of doubt, the parties agree that any Cash Management Obligation that was permitted to be entered into or designated as a Cash Management Obligation under this Agreement at the time such obligation was
    entered into or so designated shall continue to be secured by the Collateral even though a limitation under this Agreement may be exceeded solely as a result of a change in the currency exchange rates from the currency exchange rates applicable at the
    time such Cash Management Obligation was entered into or designated.

   

  “CFC”: each Person that is a “controlled foreign corporation” as defined in Section 957 of the Code.

   

  “Change of Control”: as defined in Section 8(k).

   

  “Charge”: means any charge, fee, expense, expenditure, cost, loss, adjustment, accrual or reserve or any other deduction included in the calculation of
    Consolidated Net Income.

   

  “Class”: (a) when used with respect to any Lender, refers to whether such Lender has a Loan or Commitment with respect to a particular Class of Loans or
    Commitments, (b) when used with respect to Commitments, refers to whether such Commitments are Revolving Commitments, Extended Revolving Commitments of a given Extension Series, Extended Term Loans of a given Extension Series, Tranche A Term
    Commitments, Incremental Commitments or Refinancing Term Commitments of a given Refinancing Series and (c) when used with respect to Loans or a Borrowing, refers to whether such Loans, or the Loans comprising such Borrowing, are Revolving Loans,
    Incremental Revolving Loans, Revolving Loans under Extended Revolving Commitments of a given Extension Series, Revolving Loans under Other Revolving Commitments, Tranche A Term Loans, Incremental Term Loans, Refinancing Term Loans of a given
    Refinancing Series or Extended Term Loans of a given Extension Series. Revolving Commitments, Extended Revolving Commitments, Incremental Commitments, Other Revolving Commitments, Tranche A Term Commitments or Refinancing Term Commitments (and in each
    case, the Loans made pursuant to such Commitments) that have different terms and conditions shall be construed to be in different Classes. Commitments (and, in each case, the Loans made pursuant to such Commitments) that have the same terms and
    conditions shall be construed to be in the same Class.

   

  
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  “Closing Date”: the date on which the conditions precedent set forth in Section 5.2 are satisfied or waived in accordance with the terms hereof.

   

  “CME Term SOFR Administrator”: means CME Group Benchmark Administration Limited as administrator of the forward-looking term Secured Overnight Financing Rate
    (SOFR) (or a successor administrator).

   

  “CNI Growth Amount”: at any date of determination, an amount (which amount shall not be less than zero) equal to 50.0% of Consolidated Net Income for the
    cumulative period from the Merger Effective Time to and including the last day of the most recently ended fiscal quarter of the Parent for which financial statements have been delivered pursuant to Section 6.1 (treated as one accounting period).

   

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

   

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

   

  “Collateral Agent”: JPMorgan Chase Bank, N.A.

   

  “Collateral Agreement”: the Collateral Agreement dated as of the date of the Merger Effective Time, substantially in the form attached as Exhibit A-2, among the
    Borrowers and Subsidiary Guarantors party thereto and the Administrative Agent, as the same may be amended, supplemented or otherwise modified from time to time.

   

  “Combined Business”: as defined in the recitals hereto.

   

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

   

  “Commitment Fee Rate”: 0.35% per annum; provided that on and after the first Adjustment Date occurring after the completion of the first full fiscal
    quarter ending after the Closing Date, the Commitment Fee Rate will be determined pursuant to the Pricing Grid.

   

  “Commonly Controlled Entity”: any trade or business, whether or not incorporated, that for purposes of Title I or Title IV of ERISA or Section 412 of the Code
    is under common control with the Parent within the meaning of Section 4001 of ERISA or is part of a group that includes the Parent and that is treated as a single employer under Section 414 of the Code.

   

  “Company”: as defined in the preamble hereto.

   

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

   

  “Consolidated EBITDA”: for any period, Consolidated Net Income for such period; plus, without duplication and, to the extent deducted (and not added back) (or,
    in the case of clauses (m)(ii), (s) and (ee), to the extent not included) in calculating Consolidated Net Income for such period, the sum of:

   

  (a)           income tax expense,

   

  
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  (b)           interest expense, amortization or writeoff of debt discount and debt
    issuance costs and commissions, discounts and other fees, Charges and expenses associated with Indebtedness (including with respect to the Loans and Indebtedness incurred in connection with the Transactions),

   

  (c)           depreciation and amortization expense and impairment Charges,

   

  (d)           transaction fees, costs and expenses and other Charges incurred in
    connection with the consummation of the Transactions, the initial funding of the Facilities and the consummation of the transactions contemplated hereunder on the Closing Date and the Merger Effective Time (including, if applicable, transaction
    bonuses, option exercise expense, warrant exercise expense, prepayment fees and other similar fees), including transaction expenses that are paid following the Closing Date or the Merger Effective Time;

   

  (e)           transaction fees, costs and expenses and other Charges (i) incurred in
    connection with permitted acquisitions, Investments, Dispositions, equity issuances, Capital Expenditures, prepayments of debt, reorganizations, changes to organizational documents, software, product and/or intellectual property development and/or any
    other transactions not prohibited by the Loan Documents (or the consummation of which would be conditioned on the amendment or refinancing of the Facilities) (whether successful or not), (ii) arising out of customer disputes and/or (iii) relating to
    the development or acquisition of distribution networks or sales channels;

   

  (f)            extraordinary, unusual or non-recurring Charges;

   

  (g)           all non-cash Charges (including, without limitation, (i) non-cash
    Charges related to customer acquisition cost amortization and (ii) non-cash Charges deducted as a result of any grant of stock or stock equivalents and other equity-based non-cash compensation expense) (in each case other than (x) any non-cash Charge
    representing an accrual for a cash payment to be made in a future period and (y) any non-cash Charge relating to write-offs, write-downs or reserves with respect to accounts receivable in the normal course or inventory);

   

  (h)           fees, costs and expenses that have been or, without duplication, are
    required to be reimbursed by third parties (pursuant to indemnity or otherwise) (including, without limitation, expenses incurred with respect to liability or casualty events or business interruption that are covered by insurance);

   

  (i)            directors’ fees, expense reimbursement payments and indemnification
    paid to (or for the benefit of) directors, in each case, to the extent permitted to be paid pursuant to the Loan Documents;

   

  (j)            Charges resulting from the application of purchase accounting,
    recapitalization accounting or other similar acquisition accounting (including with respect to inventory, property and equipment, goodwill, intangible assets, deferred revenue, earn-out obligations and debt line items) in connection with the
    Transactions, any permitted acquisition, any permitted Investment or any permitted Disposition;

   

  (k)           fees, costs and expenses incurred under the Loan Documents (including in
    connection with any amendment or other modification (or proposed amendment or modification) thereto) and fees, costs and expenses paid to the Administrative Agent, the Lenders or any other secured party under the Loan Documents;

   

  (l)            debt discount, debt issuance costs, prepayment expense and other
    Charges incurred in connection with the issuance of Indebtedness or other obligations or the amendment, prepayment or retirement of existing Indebtedness or other obligations (including any premiums or other expenses paid in connection with the early
    termination of an operating lease or other contractual obligation);

   

  
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  (m)          (i) Charges incurred with respect to liability or casualty events or
    business interruption and (ii) without duplication, cash proceeds of indemnities, business interruption or similar policies of insurance received or reasonably anticipated to be received by the Parent or any of its Subsidiaries to the extent not
    already included in Consolidated Net Income;

   

  (n)           any Charge attributable to any carveout, integration and new product
    initiatives;

   

  (o)           any Charge attributable to business optimization activities, cost
    savings initiatives, cost rationalization programs, operating expense reductions and/or synergies; provided that the aggregate amount added back to Consolidated EBITDA in any four-fiscal quarter period pursuant to this clause (o) (together with
    the aggregate amount added back pursuant to clause (s)(ii) below for such four-fiscal quarter period with respect to transactions occurring after the Merger Effective Time (other than any addbacks consistent with Regulation S-X of the Securities Act of
    1933, as amended)) shall not exceed 25% of Consolidated EBITDA (calculated after giving effect to any such addbacks and all other permitted addbacks and adjustments) unless otherwise consented to by the Administrative Agent;

   

  (p)           any Charge attributable to severance, signing and retention bonuses,
    recruiting and relocation Charges, other one-time compensation Charges, Charges in connection with facilities openings, pre-openings, closings, reconfigurations and/or consolidations;

   

  (q)           Charges attributable to contract terminations, and systems and
    infrastructure costs;

   

  (r)            any Charge attributable to the undertaking or implementation of
    restructurings (including any tax restructuring);

   

  (s)           the amount of (i) pro forma “run rate” cost savings, operating expense
    reductions, other operating improvements and cost synergies related to the Transactions that are projected by the Parent in good faith to result from actions that have been taken or with respect to which substantial steps have been taken or are
    expected to be taken within 24 months after the Merger Effective Time, and (ii) pro forma “run rate” cost savings, operating expense reductions, other operational improvements and cost synergies related to any acquisitions or other investments,
    dispositions and other similar transactions (including, for the avoidance of doubt, acquisitions occurring prior to the Merger Effective Time), restructurings, cost savings initiatives, cost reduction programs and other operational changes or
    initiatives (including new product initiatives), that are projected by the Parent in good faith to result from actions that have been taken or with respect to which substantial steps have been taken or are expected to be taken within 24 months after
    such acquisition or other investment, disposition or other similar transaction, restructuring, cost savings initiative, cost reduction program or other operational change or initiative, in each case, net of any cost savings, operating expense
    reductions, other operational improvements and any synergies actually realized during such period (which adjustments shall continue to be included in Consolidated EBITDA for all applicable subsequent measurement periods)(such cost savings, the “Expected

      Cost Savings”); provided that the aggregate amount added back to Consolidated EBITDA in such four-fiscal quarter period pursuant to this clause (s)(ii) with respect to transactions occurring after the Merger Effective Time (other than any
    addbacks consistent with Regulation S-X of the Securities Act of 1933, as amended), together with the aggregate amount added back to Consolidated EBITDA in any four-fiscal quarter period pursuant to clause (o), shall not exceed 25% of Consolidated
    EBITDA (calculated after giving effect to any such addback and all other permitted addbacks and adjustments) unless otherwise consented to by the Administrative Agent;

   

  
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  (t)           consulting fees in an aggregate amount for any four-fiscal quarter
    period not to exceed $7,500,000 (for the avoidance of doubt, such limitation shall not limit any other addbacks otherwise permitted under this definition);

   

  (u)          fees paid to ratings agencies;

   

  (v)          Charges from (or incurred in connection with) discontinued operations,
    divested joint ventures and other divested investments;

   

  (w)          fees, costs and expenses incurred, and cash payments made, in connection
    with the settlement of any litigation or claim involving the Parent or any of its Subsidiaries;

   

  (x)           fees, costs, expenses and settlements incurred in connection with taxes;

   

  (y)          any gain (which shall be deducted from Consolidated EBITDA) or loss
    resulting in such period from non-speculative hedging transaction gains or losses;

   

  (z)           (A) any gain (which shall be deducted from Consolidated EBITDA) or loss
    resulting in such period from currency translation or non-speculative foreign currency transaction or translation gains or losses or (B) any foreign currency-related gain or loss related to any intercompany transactions or loans;

   

  (aa)         any Charge incidental to the Parent’s (or any Parent Entity’s) status as
    a reporting company, including compliance costs, accounting fees, reporting fees, listing fees and other public company costs (“Public Company Costs”);

   

  (bb)        Charges resulting from the convergence of accounting principles and
    methodologies;

   

  (cc)         the excess of GAAP rent expenses over actual cash rent expenses paid
    during such period due to the use of straight line rent expenses for GAAP purposes;

   

  (dd)        all taxes payable or reasonably estimated to be payable (including
    pursuant to a tax sharing arrangement or a tax distribution);

   

  (ee)         without duplication, any other addbacks or adjustments reflected in any
    of the categories and/or of the types reflected in any quality of earnings report for the Parent and/or any of its subsidiaries (or any target entity) (whether delivered in connection with the Transactions or, subject to the proviso in clause (s)(ii)
    with respect to the addbacks or adjustments referred to therein, any transaction proposed to be consummated following the Merger Effective Time);

   

  (ff)          Charges in respect of earnouts and similar obligations;

   

  (gg)        fees and the amount of loss or discount on the sale of accounts
    receivables and related assets in connection with a Permitted Receivables Financing; and

   

  (hh)        the amount of any cash actually received by such Person (or the amount of
    the benefit of any netting arrangement resulting in reduced cash expenditures) during such period, and not included in Consolidated Net Income in any period, to the extent that any non-cash gain relating to such cash receipt or netting arrangement was
    deducted in the calculation of Consolidated EBITDA for any previous period and not added back; 

   

  
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  minus, to the extent taken into account in calculating Consolidated Net Income for such period, the sum of (a) interest income (to the extent not deducted in
    determining interest expense for such period) and (b) any non-cash income.

   

  Notwithstanding the foregoing, for purposes of this Agreement, Consolidated EBITDA shall be deemed to equal (a) $33,859,000 for the fiscal quarter ended June 30, 2021,
    (b) $30,070,000 for the fiscal quarter ended September 30, 2021, (c) $29,917,000 for the fiscal quarter ended December 31, 2021 and (d) $29,408,000 for the fiscal quarter ended March 31, 2022 (it being understood that such amounts are subject to
    adjustments in connection with any future calculation on a Pro Forma Basis after the Merger Effective Time or giving pro forma effect to any Specified Transaction after the Merger Effective Time).

   

  “Consolidated First Lien Net Debt”: as to any Person at any date of determination, the aggregate principal amount of Consolidated Total Debt outstanding on such
    date that is secured by a first priority Lien on the Collateral.

   

  “Consolidated Interest Coverage Ratio”: with respect to any Test Period, the ratio of (a) Consolidated EBITDA of the Parent and its Subsidiaries for such Test
    Period to (b) Consolidated Interest Expense of the Parent and its Subsidiaries for such Test Period.

   

  “Consolidated Interest Expense”: for any period, total cash interest expense of the Parent and its Subsidiaries for such period determined in accordance with
    GAAP (excluding, to the extent otherwise included in such interest expense, (i) the amortization of original issue discount resulting from the issuance of Indebtedness at less than par, (ii) amortization of deferred financing costs, debt issuance
    costs, commissions, fees and expenses, (iii) any expenses relating to the modification of Indebtedness, (iv) any expenses resulting from discounting of Indebtedness in connection with the application of recapitalization accounting or purchase
    accounting, (v) penalties or interest related to taxes and any other amounts of non-cash interest resulting from the effects of acquisition method accounting or pushdown accounting, (vi) the accretion or accrual of, or accrued interest on, discounted
    liabilities (other than Indebtedness) during such period, (vii) interest expense attributable to the movement of the mark-to-market valuation of obligations under hedging agreements or other derivative instruments pursuant to FASB Accounting Standards
    Codification No. 815-Derivatives and Hedging, (viii) costs associated with incurring or terminating Hedging Arrangements (including costs associated with breakage in respect of hedging for interest rates), (ix) any payments with respect to make whole
    premiums or other breakage costs of any indebtedness, (x) “additional interest” owing pursuant to a registration rights agreement with respect to any securities, (xi) all non-recurring interest expense consisting of liquidated damages for failure to
    timely comply with registration rights obligations, all as calculated on a consolidated basis in accordance with GAAP, (xii) expensing of bridge, arrangement, structuring, commitment or other financing fees, (xiii) commissions, discounts, yield,
    prepayment premiums or penalties (including any make-whole premiums), and other fees and charges (including any interest expense) incurred in connection with any indebtedness that is non-recourse to the Parent, the Company and its Subsidiaries, (xiv)
    penalties and interest relating to taxes, (xv) any interest expense attributable to the exercise of appraisal rights and the settlement of any claims or actions (whether actual, contingent or potential) with respect thereto in connection with the
    Transactions, any acquisition or investment, (xvi) annual agency fees paid to any administrative agents and collateral agents or trustees (or similar agents) with respect to any secured or unsecured loans, debt facilities, debentures, bonds, commercial
    paper facilities or other forms of Indebtedness (including any security or collateral trust arrangements related thereto), including the Facilities, (xvii) any writeoff of unamortized debt issuance costs upon any prepayment of any Indebtedness, (xviii)
    fees and expenses associated with any investment permitted pursuant to the Loan Documents or any issuance of capital stock or Indebtedness permitted thereunder (or the consummation of which would be conditioned on the amendment or refinancing of the
    Facilities) (whether or not consummated), (xix) any fees, including upfront fees, and any other fees and expenses associated or paid in connection with the Loan Documents or the consummation of the Transactions and (xx) any capitalized interest.

   

  
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  “Consolidated Net Income”: for any period, the consolidated net income (or loss) of the Parent and its Subsidiaries, determined on a consolidated basis in
    accordance with GAAP; provided that there shall be excluded, without duplication:

   

  (a)           [reserved];

   

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

   

  (c)           solely for purposes of determining the Available Amount, the
    undistributed earnings of any Subsidiary of the Parent (other than a Loan Party) to the extent that the declaration or payment of dividends or similar distributions by such Subsidiary is not at the time permitted by the terms of any Contractual
    Obligation (other than under any Loan Document or the documentation for any Indebtedness subject to a First Lien Intercreditor Agreement or a Junior Lien Intercreditor Agreement) or Requirement of Law applicable to such Subsidiary;

   

  (d)           any goodwill or other asset impairment charges, write-offs or
    write-downs or amortization of intangibles;

   

  (e)           any gain or charge attributable to any asset Disposition (including
    asset retirement costs or sales or issuances of Capital Stock) outside the ordinary course of business (as determined in good faith by such Person);

   

  (f)            (i) any unrealized or realized net foreign currency transactional gains
    or charges impacting net income (including currency re-measurements of Indebtedness, any net gains or charges resulting from Hedge Agreements for currency exchange risk associated with the above or any other currency related risk, any transactional
    gains or charges relating to assets and liabilities denominated in a currency other than a functional currency and those resulting from intercompany Indebtedness), (ii) any realized or unrealized gain or charge in respect of (x) any obligation under
    any Hedge Agreement as determined in accordance with GAAP and/or (y) any other derivative instrument pursuant to, in the case of this clause (y), Financial Accounting Standards Board’s Accounting Standards Codification No. 815-Derivatives and Hedging
    and (iii) unrealized gains or losses in respect of any Hedge Agreement;

   

  (g)           any net income or charge (less all fees and expenses related thereto)
    attributable to (i) the early extinguishment or cancellation of Indebtedness or (ii) any derivative transaction under a Hedge Agreement;

   

  (h)           non-cash expenses resulting from any employee benefit or management
    compensation plan or grant of stock and stock options or other equity and equity-based interests to employees of the Parent or any Subsidiary pursuant to a written plan or agreement (including expenses arising from the grant of stock and stock options
    prior to the Merger Effective Time) or the treatment of such options or other equity and equity-based interests under variable plan accounting;

   

  (i)            [reserved];

   

  (j)            any (i) write-off or amortization made in such period of deferred
    financing costs and premiums paid or other expenses incurred directly in connection with any early extinguishment of Indebtedness, (ii) amortization of intangible assets and (iii) other amortization (including amortization of goodwill, software,
    deferred or capitalized financing fees, debt issuance costs, commissions and expenses and other intangible assets);

   

  
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  (k)           fees, costs and expenses incurred, or amortization thereof, in
    connection with, to the extent permitted hereunder, any Investment, any issuance of debt or equity, any Disposition, any casualty event or any amendments or waivers of the Loan Documents, and refinancing, refunding, renewals or extensions permitted
    hereunder in connection therewith, in each case, whether or not consummated;

   

  (l)            non-cash compensation charges and/or any other non-cash charges arising
    from the granting of any stock, stock option or similar arrangement (including any profits interest) or the granting of any restricted stock, stock appreciation right and/or similar arrangement (including any repricing, amendment, modification,
    substitution or change of any such stock option, restricted stock, stock appreciation right, profits interest or similar arrangement or the vesting of any warrant);

   

  (m)          the effects of adjustments (including the effects of such adjustments
    pushed down to the Parent and its subsidiaries) in component amounts required or permitted by GAAP (including, without limitation, in the inventory (including any impact of changes to inventory valuation policy methods, including changes in
    capitalization of variances), property and equipment, lease, rights fee arrangements, software, goodwill, intangible asset (including customer molds), in-process research and development, deferred revenue, advanced billing and debt line items thereof),
    resulting from the application of recapitalization accounting or acquisition or purchase accounting, as the case may be, in relation to the Transactions or any consummated acquisition or similar Investment or the amortization or write-off of any
    amounts thereof (including any write-off of in process research and development);

   

  (n)           (i) at the election of the Parent with respect to any quarterly period,
    the cumulative effect (including charges, accruals, expenses and reserves) of a change in law, regulation or accounting principles and changes as a result of the adoption, implementation or modification of accounting policies, including the cumulative
    effect of a change in accounting principles and changes as a result of the adoption or modification of accounting policies during such period (including any impact resulting from an election by the Company to apply IFRS or other Accounting Changes) and
    (ii) any costs, Charges, losses, fees or expenses in connection with the implementation or tracking of such changes or modifications specified in the foregoing clause (i), in each case as reasonably determined by the Parent;

   

  (o)           (i) accruals and reserves, contingent liabilities and any non-cash gains
    or losses on the settlement of any pre-existing contractual or non-contractual relationships that are established or adjusted as a result of changes as a result of the adoption or modification of accounting policies during such period and (ii)
    accruals, reserves and other Charges that are established or adjusted, in each case within 24 months of the subject transaction, as a result of the Transactions or any acquisition, Investment, Disposition, write down or write off (including the related
    tax benefit) in accordance with GAAP;

   

  (p)           income or expense related to changes in the fair value of contingent
    liability in connection with earn-out obligations and similar liabilities in connection with any acquisition or Investments permitted under this Agreement; and

   

  (q)           any extraordinary, exceptional, unusual or nonrecurring gains or losses.

   

  In addition, to the extent not already included in Consolidated Net Income, Consolidated Net Income shall include (i) the amount of proceeds received or, so long as
    such Person has made a determination that there exists reasonable evidence that such amount will in fact be reimbursed by the insurer or indemnifying party and only to the extent that such amount is in fact reimbursed within 365 days of the date of the
    insurable or indemnifiable event (net of any amount so added back in any prior period to the extent not so reimbursed within the applicable 365-day period), due from liability, casualty or business interruption insurance, 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 under this Agreement or any other expense or charge to the extent such other
    expense or charge is paid by a third party that is not a Subsidiary on behalf of Parent, any Borrower or a Subsidiary and (ii) the amount of any cash tax benefits related to the tax amortization of intangible assets in such period.

   

  
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  “Consolidated Total Assets”: at any date, all amounts that would, in conformity with GAAP, be set forth opposite the caption “total assets” (or any like
    caption) on a consolidated balance sheet of the Parent and its Subsidiaries at such date.

   

  “Consolidated Total Debt”: at any date, the aggregate principal amount of debt of the Parent and its Subsidiaries at such date in an amount that would be
    reflected on a balance sheet prepared as of such date, determined on a consolidated basis in accordance with GAAP, consisting only of (a) Indebtedness for borrowed money, (b) obligations under letters of credit that have not been reimbursed for at
    least three Business Days following the due date for payment thereof, (c) debt obligations evidenced by promissory notes or similar instruments, (d) Capitalized Lease Obligations and (e) Indebtedness of the type referred to in clause (a) above of any
    other Person to the extent guaranteed by the Parent or its Subsidiaries. For the avoidance of doubt, Consolidated Total Debt shall exclude Indebtedness in respect of any Permitted Receivables Financing.

   

  “Contingent Purchase Price Obligations”: any earnout obligations or similar deferred or contingent purchase price obligations of the Parent or any of its
    Subsidiaries incurred or created in connection with any acquisition to the extent such obligations are a liability on the consolidated balance sheet of the Parent in accordance with GAAP.

   

  “Continuing Directors”: the directors of the Parent at the Merger Effective Time (after giving effect to the Merger Transactions), the initial directors of the
    Parent set forth in the Form 10, and each other director, if, in each case, such other director’s nomination for election to the board of directors of the Parent is recommended or approved by at least a majority of the then Continuing Directors.

   

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

   

  “Contribution”: as defined in the recitals hereto.

   

  “Corresponding Tenor”: with respect to any Available Tenor, 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 Agreement”: as defined in Section 7.13(c).

   

  “Covered Entity”: any of the following:

   

  (i)              a “covered entity” as that term is defined in, and
    interpreted in accordance with, 12 C.F.R. § 252.82(b);

   

  
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  (ii)             a “covered bank” as that term is defined in, and
    interpreted in accordance with, 12 C.F.R. § 47.3(b); or

   

  (iii)            a “covered FSI” as that term is defined in, and interpreted
    in accordance with, 12 C.F.R. § 382.2(b).

   

  “Covered Party”: as defined in Section 10.23.

   

  “Credit Agreement Refinancing Indebtedness”: Indebtedness constituting (a) Permitted First Priority Refinancing Debt, (b) Permitted Junior Lien Refinancing Debt
    or (c) Permitted Unsecured Refinancing Debt; provided that (i) such Indebtedness shall not have a greater principal amount than the principal amount (or accreted value, if applicable) of the Refinanced Debt except by an amount equal to (x)
    unpaid accrued interest, penalties and premiums (including tender, prepayment or repayment premiums) thereon plus underwriting discounts and other customary fees, commissions and expenses (including upfront fees, original issue discount or initial
    yield payment) incurred in connection with such refinancing, (y) any existing commitments unutilized thereunder and (z) additional amounts permitted to be incurred under Section 7.2 and, to the extent secured by a Lien, Section 7.3 (and, in each case,
    the applicable clause of Section 7.2 and Section 7.3 shall be deemed to be utilized by the amount so incurred), (ii) the other terms and conditions of such Indebtedness shall not be materially more restrictive (taken as a whole) on the Parent and its
    Subsidiaries (as determined by the Parent in good faith) than those applicable to the Refinanced Debt being refinanced or replaced (except for covenants or other provisions (I) that reflect market terms and conditions (taken as a whole) at the time of
    incurrence (as determined by the Parent in good faith), (II) that are reasonably satisfactory to the Administrative Agent, (III) that are applicable only to periods after the Latest Maturity Date at the time of incurrence of such Indebtedness or (IV)
    that are also added for the benefit of each Facility remaining outstanding (provided that, in the case of each of clauses (I), (II) and (IV), if any financial maintenance covenant for the benefit of any Credit Agreement Refinancing Indebtedness
    is added or is more restrictive than the financial maintenance covenants then applicable to any then-existing Tranche A Term Facility or Revolving Facility, such financial maintenance covenants shall be applied to any then-existing Tranche A Term
    Facility and Revolving Facility), and (iii) such Refinanced Debt shall be repaid, repurchased, retired, defeased or satisfied and discharged, all accrued interest, fees, premiums (if any) and penalties in connection therewith shall be paid, and all
    commitments thereunder terminated, on the date such Credit Agreement Refinancing Indebtedness is issued, incurred or obtained.

   

  “Credit Party”: the Administrative Agent, any Issuing Lender, the Swingline Lender or any other Lender.

   

  “Cure Amount”: as defined in Section 8.

   

  “Cure Right”: as defined in Section 8.

   

  “Cure Right Expiration Date”: as defined in Section 8.

   

  “Daily Simple SOFR”: means, for any day (a “SOFR Rate Day”), a rate per annum equal SOFR for the day (such day “SOFR Determination Date”) that is
    five (5) U.S. Government Securities Business Day prior to (i) if such SOFR Rate Day is a U.S. Government Securities Business Day, such SOFR Rate Day or (ii) if such SOFR Rate Day is not a U.S. Government Securities Business Day, the U.S. Government
    Securities Business Day immediately preceding such SOFR Rate Day, in each case, as such SOFR is published by the SOFR Administrator on the SOFR Administrator’s Website. Any change in Daily Simple SOFR due to a change in SOFR shall be effective from and
    including the effective date of such change in SOFR without notice to the Borrower.

   

  
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  “Declined Proceeds”: as defined in Section 2.13(e).

   

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

   

  “Defaulting Lender”: any Lender that (a) has failed 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 Parent in writing that such failure is the result of such Lender’s determination that one or more conditions precedent to funding (each of which conditions precedent,
    together with any applicable default, shall be specifically identified in such writing) has not been satisfied, or (ii) pay to the Administrative Agent, any Issuing Lender, the 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 Parent, the Administrative Agent or any Issuing Lender or the 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 (unless such writing or public statement relates to such Lender’s obligation to fund a Loan hereunder and states that such
    position is based on such Lender’s determination that a condition precedent to funding (which condition precedent, together with any applicable default, shall be specifically identified in such writing or public statement) cannot be satisfied), (c) has
    failed, within three Business Days after written request by the Administrative Agent or the Parent, to confirm in writing to the Administrative Agent and the Parent 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 Parent), or (d) has, or has a direct or indirect company that has, (i) become the subject
    of any bankruptcy or insolvency proceeding, (ii) become the subject of a Bail-In Action or (iii) 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 (but excluding any receiver, custodian, conservator, trustee,
    administrator or similar Person appointed by a regulatory authority under or based on the applicable law in the country where such Person is subject to home jurisdiction supervision if applicable law requires that such appointment is not to be publicly
    disclosed); 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 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) upon delivery of written notice of such determination to the Parent, each Issuing Lender, the Swingline Lender and each Lender.

   

  “Designated Non-Cash Consideration”: the fair market value (as determined by the Parent in good faith) of non-cash consideration received by the Parent or any
    Subsidiary in connection with any Disposition pursuant to Section 7.5(h) that is designated as Designated Non-Cash Consideration by a Responsible Officer of the Parent (which amount will be reduced by the amount of cash or Cash Equivalents received in
    connection with a subsequent sale, redemption or payment of or with respect to such Designated Non-Cash Consideration).

   

  “Disposition”: with respect to any property or right, any sale, lease, sale and leaseback, assignment, conveyance, transfer or other disposition thereof (other
    than any transaction for purposes of collateral or security to the extent permitted hereunder). The terms “Dispose” and “Disposed of” shall have correlative meanings.

   

  
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  “Disqualified Capital Stock”: any Capital Stock of the Parent which is not Qualified Capital Stock. Notwithstanding the preceding sentence, (A) if such Capital
    Stock is issued pursuant to any plan for the benefit of directors, officers, employees, members of management, managers or consultants or by any such plan to such directors, officers, employees, members of management, managers or consultants, in each
    case in the ordinary course of business of Borrowers or any Subsidiary, such Capital Stock shall not constitute Disqualified Capital Stock solely because it may be required to be repurchased by the issuer thereof in order to satisfy applicable
    statutory or regulatory obligations and (B) no Capital Stock held by any Permitted Payee shall be considered Disqualified Capital Stock because such stock is redeemable or subject to repurchase pursuant to any management equity subscription agreement,
    stock option, stock appreciation right or other stock award agreement, stock ownership plan, put agreement, stockholder agreement or similar agreement that may be in effect from time to time.

   

  “Disqualified Lender”: (i) competitors of the Parent and its Subsidiaries identified from time to time to the Administrative Agent, (ii) persons identified to
    the Arrangers prior to December 13, 2021 and (iii) in each case of clauses (i) and (ii), any of such person’s Affiliates that are (x) clearly identifiable solely by similarity of name or (y) identified in writing by the Parent from time to time to the
    Administrative Agent; provided that, notwithstanding anything herein to the contrary, (A) in no event shall a supplement apply retroactively to disqualify any parties that have previously acquired an assignment or participation interest in any
    Loans or Commitments under the Facilities that is otherwise permitted hereunder and (B) no supplements shall become effective until three Business Days after delivery by the Parent to the Administrative Agent of such supplement by electronic mail to
    JPMDQ_Contact@jpmorgan.com.

   

  “Disregarded Entity” means any entity treated as disregarded as an entity separate from its owner under Treasury Regulations Section 301.7701-3.

   

  “Distribution”: as defined in the recitals hereto.

   

  “Dollar Equivalent”: at any time as to any amount denominated in a Foreign Currency, the equivalent amount in U.S. Dollars as determined by the Administrative
    Agent at such time on the basis of the Exchange Rate for the purchase of U.S. Dollars with such Foreign Currency.

   

  “Domestic Subsidiary”: any Subsidiary of the Parent organized under the laws of the United States or any state thereof or the District of Columbia.

   

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

   

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

   

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

   

  
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  “Effective Date”: the date on which the conditions precedent set forth in Section 5.1 are satisfied.

   

  “EMU”: Economic and Monetary Union as contemplated in the Treaty.

   

  “Engagement Letter” the Engagement Letter, dated as of December 13, 2021, among the Company and the Arrangers.

   

  “Environmental Laws”: as to any Person, any and all Requirements of Law (including common law) regulating, relating to or imposing liability or standards of
    conduct concerning protection of human health (solely as it relates to exposure to Materials of Environmental Concern) or the environment, as now or may at any time hereafter be in effect.

   

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

   

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

   

  “Euro” or “€”: the single currency of the Participating Member States.

   

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

   

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

   

  “Exchange Act Report”: collectively, the Current Reports on Form 8-K and the Quarterly Reports on Form 10-Q of Neogen or 3M filed with or furnished to the SEC
    subsequent to January 2, 2022 but prior to the Merger Effective Time.

   

  “Exchange Rate”: on any day, with respect to any currency, the rate at which such currency may be exchanged into any other currency, as set forth at
    approximately 11:00 a.m., London time, on such date as provided by ICE Data Services. In the event that such rate is not provided by ICE Data Services, the Exchange Rate shall be determined by reference to such other publicly available service for
    displaying exchange rates as may be reasonably selected by the Administrative Agent in consultation with the Parent, or, in the event no such service is selected, such Exchange Rate shall instead be the arithmetic average of the spot rates of exchange
    of the Administrative Agent in the market where its foreign currency exchange operations in respect of such currency are then being conducted, at or about 10:00 a.m., Local Time, on such date for the purchase of the relevant currency for delivery two
    Business Days later; provided that if at the time of any such determination, for any reason, no such spot rate is being quoted, the Administrative Agent, after consultation with the Parent, may use any reasonable method it deems appropriate to
    determine such rate, and such determination shall be presumed correct absent manifest error.

   

  “Excluded Assets”: as defined in the Collateral Agreement.

   

  “Excluded Subsidiary”: (i) any Foreign Subsidiary, (ii) any Subsidiary that is not a Wholly-Owned Subsidiary, (iii) any Immaterial Subsidiary, (iv) any Finance
    Subsidiary or any Special Purpose Finance Subsidiary, (v) any FSHCO, (vi) any Domestic Subsidiary that is a Subsidiary of a CFC or a FSHCO, (vii) any Unrestricted Subsidiary, (viii) any Subsidiary that is prohibited by applicable law existing at the
    Merger Effective Time or by applicable law or contractual obligation existing at the Merger Effective Time or at the time of the formation or acquisition by the Parent (or any of its Subsidiaries) of such Subsidiary (including pursuant to Indebtedness
    permitted to be incurred hereunder as assumed Indebtedness if the terms of such Indebtedness prohibit such Subsidiary from guaranteeing the Obligations) (so long as such contractual obligation is not entered into in contemplation of such formation or
    acquisition) from providing a guarantee under the Guarantee Agreement or from having a Lien on its Capital Stock to secure the Obligations, as the context may require, for so long as such prohibition exists, or if such guarantee or such Lien, as the
    context may require, would require governmental (including regulatory) consent, approval, license or authorization (unless such consent, approval, license or authorization has been obtained, it being understood that the Parent shall have no obligation
    to obtain any such consent, approval, license or authorization), (ix) any Subsidiary that is a not-for-profit organization, broker dealer, captive insurance subsidiaries and other special purpose subsidiaries, (x) any Subsidiary whose provision of a
    guarantee would reasonably be expected to result in adverse tax consequences (other than de minimis tax consequences) to the Parent and its Subsidiaries as determined by the Parent in good faith, (xi) any Subsidiary of the Company or Neogen
    listed in Schedule 1.1D hereto on the Effective Date and (xii) any other Subsidiary with respect to which, in the reasonable judgment of the Parent, the burden or cost (including any adverse tax consequence) of providing a guarantee under the Guarantee
    Agreement or a Lien on its Capital Stock to secure the Obligations, as the context may require, will outweigh the benefits to be obtained by the Lenders therefrom; provided that, notwithstanding anything herein to the contrary, in no event
    shall any Borrower be an Excluded Subsidiary.

   

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

      Swap Obligation” of such Guarantor as specified in any agreement between the relevant Loan Parties and counterparty applicable to such Swap Obligations, and agreed by the Administrative Agent. If a Swap Obligation arises under a master agreement
    governing more than one Swap, such exclusion shall apply only to the portion of such Swap Obligation that is attributable to Swaps for which such guarantee or security interest is or becomes illegal.

   

  “Existing Credit Agreement”: the Amended and Restated Credit Agreement, dated as of November 30, 2016 (as amended, amended and restated or otherwise modified
    from time to time), among Neogen Corporation, as borrower and JPMorgan Chase Bank, N.A., as lender.

   

  “Existing Letter of Credit”: as defined in Section 3.10.

   

  “Existing Revolver Tranche”: as defined in Section 2.26(b).

   

  “Existing Term Loan Tranche”: as defined in ‎Section 2.26(a).

   

  “Expected Cost Savings”: as defined in the definition of “Consolidated EBITDA”.

   

  “Extended Revolving Commitments”: as defined in ‎Section 2.26(b).

   

  “Extended Term Loans”: as defined in ‎Section 2.26(a).

   

  “Extending Revolving Lender”: as defined in‎ Section 2.26(c).

   

  
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  “Extending Term Lender”: as defined in Section 2.26(c).

   

  “Extension Amendment”: as defined in ‎Section 2.26(d).

   

  “Extension Election”: as defined in ‎Section 2.26(c).

   

  “Extension Request”: as defined in ‎Section 2.26(b).

   

  “Extension Series”: as defined in ‎Section 2.26(b).

   

  “Facility”: each of (a) the Tranche A Term Facility, (b) the Revolving Facility and (c) each other credit facility that may be added to this Agreement after the
    date hereof, and collectively, the “Facilities”.

   

  “FATCA”: Sections 1471 through 1474 of the Code, as of the date of this Agreement (or any amended or successor version that is substantively comparable and not
    materially more onerous to comply with), any current or future regulations or official interpretations thereof, any agreement entered into pursuant to Section 1471(b)(1) of the Code, any intergovernmental agreements entered into in connection with the
    implementation of the foregoing and any fiscal or regulatory legislation, rules or practices adopted pursuant to any of the foregoing, or any treaty or convention among Governmental Authorities entered into in connection with the implementation of the
    foregoing.

   

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

   

  “Fee Letter”: the Term Loan A Facility Fee Letter, dated as of June 2, 2022, among the Company and the Arrangers.

   

  “Finance Subsidiary”: any Subsidiary of the Parent formed for the sole purpose of engaging in a Permitted Receivables Financing or Supply Chain Financing.

   

  “Financial Covenants”: the covenants set forth in Sections 7.1(a) and 7.1(b).

   

  “First Lien Intercreditor Agreement”: an intercreditor agreement on customary terms or otherwise in a form reasonably acceptable to the Administrative Agent and
    the Parent, among the Parent, the Subsidiary Guarantors from time to time party thereto, the Collateral Agent and any Other Debt Representatives for the holders of Indebtedness that is permitted under Sections 7.2 and 7.3 to be, and is intended to be,
    secured by a Lien on the Collateral that is pari passu (but without regard to the control of remedies) with the Liens securing the Obligations.

   

  “First Lien Leverage Ratio”: with respect to any date of determination, the ratio of (a) Consolidated First Lien Net Debt as of such date less Netted Cash as of
    such date to (b) Consolidated EBITDA of the Parent and its Subsidiaries for the applicable Test Period.

   

  “Fitch”: Fitch Ratings Inc., together with any successor thereto.

   

  “Fixed Amount”: as defined in Section 1.4(e).

   

  
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  “Floor”: 0.0% per annum.

   

  “Foreign Currencies”: Euro, Sterling, Swiss Francs and Yen.

   

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

   

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

   

  “FSHCO”: (a) a Person, whose only material assets consist of (i) cash or Cash Equivalents and/or (ii) Capital Stock or debt that is treated as equity for United
    States federal income tax purposes of (A) one or more Foreign Subsidiaries or (B) one or more FSHCOs and (b) a Disregarded Entity, all or substantially all of the assets of which consist of the Capital Stock of one or more Subsidiaries described in
    part (a) of this definition.

   

  “GAAP”: generally accepted accounting principles in the United States as in effect from time to time, except that (i) for purposes of the definition of any
    Financial Covenant, GAAP shall be determined on the basis of such principles in effect on the date hereof and consistent with those used in the preparation of the most recent audited financial statements delivered pursuant to Section 4.1, (ii) (a) the
    amount of any Indebtedness under GAAP with respect to Capital Lease Obligations shall be determined in accordance with the definition of “Capital Lease Obligation” and (iii) any calculation or determination in this Agreement that requires the
    application of GAAP across multiple quarters need not be calculated or determined using the same accounting standard for each constituent quarter.

   

  At any time after the Merger Effective Time, the Parent may elect to apply IFRS accounting principles in lieu of GAAP and, upon any such election, references herein to
    GAAP shall thereafter be construed to mean IFRS (except as otherwise provided in this Agreement); provided that any such election, once made, shall be irrevocable; provided, further, any calculation or determination in this Agreement that
    requires the application of GAAP for periods that include fiscal quarters ended prior to the Parent’s election to apply IFRS shall remain as previously calculated or determined in accordance with GAAP. The Parent shall give notice of any such election
    made in accordance with this definition to the Administrative Agent. For the avoidance of doubt, solely making an election (without any other action) referred to in this definition will not be treated as an incurrence of Indebtedness. All references to
    an accounting rule, regulation, standard, principal, term or measure, as applicable, in this Agreement (x) with respect to GAAP shall be deemed to refer to the equivalent rule, regulation, standard, principal, term or measure with respect to IFRS (if
    applicable) and (y) with respect to IFRS shall be deemed to refer to the equivalent rule, regulation, standard, principal, term or measure with respect to GAAP (if applicable).

   

  If the Parent notifies the Administrative Agent, following the effectiveness of any applicable change in GAAP or IFRS that would cause a change in the method of
    calculation of any standards, terms or measures (including all computations of amounts and ratios) used in this Agreement (an “Accounting Change”), that the Parent requests an amendment to any provision hereof to eliminate the effect of such
    Accounting Change or in the application thereof on the operation of such provision (or if the Required Lenders notify the Parent following the effectiveness of any such Accounting Change 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 Accounting Change or in the application thereof, then such provision shall be interpreted on the basis of GAAP or IFRS, as applicable, as in effect and
    applied immediately before such Accounting Change shall have become effective until such notice shall have been withdrawn or such provision amended in accordance herewith.

   

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

   

  “Guarantee Agreement”: the Guarantee Agreement dated as of the date of the Merger Effective Time, substantially in the form attached as Exhibit A-1, among the
    Borrowers and the Subsidiary Guarantors party thereto and the Administrative Agent, as the same may be amended, supplemented or otherwise modified from time to time.

   

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

   

  “Guarantors”: the collective reference to the Subsidiary Guarantors and any other Person that guarantees payment of all or a portion of the Obligations
    (including, for the avoidance of doubt, the Borrowers).

   

  “Hedge Agreements”: all interest rate swaps, caps, collar, forward, future or option agreements or similar arrangements dealing with interest rates, currency
    exchange rates, the exchange of nominal interest obligations or commodities, in each case either generally or under specific contingencies, or any other arrangement constituting a Swap Agreement (including, for the avoidance of doubt, any Lender Hedge
    Agreements).

   

  “Immaterial Subsidiaries”: at any time, Subsidiaries of the Parent (i) having aggregate total assets (as determined in accordance with GAAP) in an amount of
    less than 7.5% of Consolidated Total Assets of the Parent and its Subsidiaries as of the last day of the immediately preceding Test Period and (ii) contributing in the aggregate less than 7.5% to Consolidated EBITDA for the most recently ended Test
    Period. In the event that total assets of all Immaterial Subsidiaries exceed 7.5% of Consolidated Total Assets as of the last day of the immediately preceding Test Period or the total contribution to Consolidated EBITDA of all Immaterial Subsidiaries
    exceeds 7.5% of Consolidated EBITDA for the relevant period, as the case may be, the Parent will designate Subsidiaries which would otherwise constitute Immaterial Subsidiaries to be excluded as Immaterial Subsidiaries until such 7.5% thresholds are
    met.

   

  
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  “Incremental Cap”:

   

  (a)           the Shared Incremental Amount, plus

   

  (b)           (i) the amount of any optional prepayment of any Loan (including any
    Incremental Loan) in accordance with Section 2.12 and/or the amount of any permanent reduction of any undrawn Revolving Commitment (including any undrawn Incremental Revolving Commitment), (ii) the amount of any optional prepayment, redemption,
    repurchase or retirement of Incremental Equivalent Debt that is secured by a Lien on the Collateral that is pari passu (but without regard to the control of remedies) with the Liens securing the Obligations, (iii) the amount of any optional prepayment,
    redemption, repurchase or retirement of any Refinancing Term Loans or Other Revolving Loans or any Credit Agreement Refinancing Indebtedness previously applied to the permanent prepayment of any Loan, Revolving Commitment or of any Incremental
    Equivalent Debt referred to in clauses (i) and (ii) above (with respect to any such Credit Agreement Refinancing Indebtedness, in an aggregate amount not to exceed the aggregate amount of Loans, Revolving Commitments or Incremental Equivalent Debt, as
    applicable, refinanced by such Credit Agreement Refinancing Indebtedness), and (iv) the aggregate amount of any Indebtedness referred to in clauses (i) through (iii) above that is (x) repaid or retired resulting from any assignment to or purchase by
    such Indebtedness (and/or assignment and/or purchase of such Indebtedness by) the Parent and/or any Subsidiary or (y) terminated pursuant to Section 2.24, which shall be credited to the extent of the principal amount of the Indebtedness repaid, retired
    or terminated; provided that for each of clauses (i) through (iv), (x) the relevant prepayment, redemption, repurchase, retirement or assignment and/or purchase was not funded with the proceeds of any Long-Term Indebtedness and (y) in the case
    of any prepayment of Loans under any revolving facility, such prepayment shall be accompanied by a permanent reduction in the commitments in respect thereof, plus

   

  (c)           an unlimited amount so long as, in the case of this clause (c), on the
    date of incurrence thereof on a Pro Forma Basis after giving effect to the incurrence of the Incremental Facility or the Incremental Equivalent Debt, as applicable, and the application of the proceeds thereof (without netting the cash proceeds thereof)
    and to any relevant Specified Transaction (and, in the case of any Incremental Revolving Facility then being established, assuming a full drawing thereunder), (i) if such Indebtedness is secured by a Lien on the Collateral that is pari passu (but
    without regard to the control of remedies) with the Liens securing the Obligations, the First Lien Leverage Ratio does not exceed either (A) 3.00 to 1.00 or (B) if such Incremental Facility or Incremental Equivalent Debt, as applicable, is incurred in
    connection with an acquisition or other Investment permitted under this Agreement, the greater of (I) 3.00 to 1.00 and (II) the First Lien Leverage Ratio immediately prior to the incurrence of such Incremental Facility or Incremental Equivalent Debt,
    as applicable, and the consummation of such acquisition or other permitted Investment, (ii) if such Indebtedness is secured by a Lien on the Collateral that is junior to the Liens securing the Obligations, the Senior Secured Leverage Ratio does not
    exceed either (A) 3.50 to 1.00 or (B) if such Incremental Facility or Incremental Equivalent Debt, as applicable, is incurred in connection with an acquisition or other Investment permitted under this Agreement, the greater of (I) 3.50 to 1.00 and
    (II) the Senior Secured Leverage Ratio immediately prior to the incurrence of such Incremental Facility or Incremental Equivalent Debt, as applicable, and the consummation of such acquisition or other permitted Investment, and (iii) if such
    Indebtedness is unsecured, the Total Leverage Ratio does not exceed either (A) 4.50 to 1.00 or (B) if such Incremental Facility or Incremental Equivalent Debt, as applicable, is incurred in connection with an acquisition or other Investment permitted
    under this Agreement, the greater of (I) 4.50 to 1.00 and (II) the Total Leverage Ratio immediately prior to the incurrence of such Incremental Facility or Incremental Equivalent Debt, as applicable, and the consummation of such acquisition or other
    permitted Investment;

   

  
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  provided that: (1) any Incremental Facility or Incremental Equivalent Debt may be incurred under one or more of clauses (a) through (c) of this definition as selected by the Parent
    in its sole discretion, and (2) upon delivery of any financial statements pursuant to Section 6.1 following the initial incurrence or implementation of any Incremental Facility or Incremental Equivalent Debt, to the extent such Incremental Facility or
    Incremental Equivalent Debt or any portion thereof could, based on such financial statements, have been incurred or made in reliance on clause (c), unless otherwise elected by the Parent, such Incremental Facility or Incremental Equivalent Debt or
    portion thereof shall automatically be reclassified as having been incurred under clause (c).

   

  “Incremental Commitment”: as defined in Section 2.27(a)(i).

   

  “Incremental Equivalent Debt”: Indebtedness in an amount not to exceed the Incremental Cap incurred by any Loan Party consisting of the incurrence or issuance
    of one or more series of senior secured notes or loans, junior lien loans or notes, subordinated loans or notes or senior unsecured loans or notes (in each case in respect of the issuance of notes, whether issued in a public offering, Rule 144A or
    other private placement or purchase or otherwise) or any bridge financing in lieu of the foregoing, or secured or unsecured “mezzanine” debt, in each case, to the extent secured, subject to (x) with respect to Incremental Equivalent Debt secured by a
    Lien on the Collateral that is junior to the Lien securing the Obligations, a Junior Lien Intercreditor Agreement and (y) with respect to Incremental Equivalent Debt secured by a Lien on the Collateral that is pari passu (but without regard to the
    control of remedies) with the Liens securing the Obligations, a First Lien Intercreditor Agreement; provided that such Incremental Equivalent Debt shall be subject to the requirements set forth in Sections 2.27(a) mutatis mutandis, except that
    (a) the requirements set forth in Section 2.27(a)(i), Section 2.27(a)(xiii) and Section 2.27(a)(xvi) shall not apply to such Indebtedness and (b) the requirements set forth in Section 2.27(a)(vi) and (vii) shall not apply to a customary 364-day
    facility or a customary bridge facility which bridge facility, subject to customary conditions, automatically converts into long-term debt satisfying the requirements of such clauses.

   

  “Incremental Facility”: as defined in Section 2.27(a).

   

  “Incremental Facility Amendment”: an amendment to this Agreement executed by each of (a) the applicable Borrowers, (b) the Administrative Agent and (c) each
    Lender that agrees to provide all or any portion of the Incremental Facility being incurred pursuant thereto and in accordance with Section 2.27.

   

  “Incremental Loans”: as defined in Section 2.27(a).

   

  “Incremental Revolving Commitments”: as defined in Section 2.26(b).

   

  “Incremental Revolving Facility”: as defined in Section 2.27(a).

   

  “Incremental Revolving Loans”: as defined in Section 2.27(a).

   

  “Incremental Term Facility”: as defined in Section 2.27(a).

   

  “Incremental Term Loans”: as defined in ‎Section 2.27(a).

   

  “Incurred Acquisition Debt”: as defined in Section 7.2(p)(i).

   

  
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  “Incurrence-Based Amount”: as defined in Section 1.4(e).

   

  “Indebtedness”: of any Person at any date, without duplication, (a) all indebtedness of such Person for borrowed money, (b) all obligations of such Person for
    the deferred purchase price of property or services (other than (x) any such obligations incurred in the ordinary course of such Person’s business maturing less than one year from the creation thereof and (y) without duplication, any trade payables or
    similar obligations, including accrued expenses owed, to a trade creditor), including Contingent Purchase Price Obligations solely to the extent satisfying the definition thereof, (c) all obligations of such Person evidenced by notes, bonds (excluding
    surety bonds), debentures or other similar instruments (other than an operating lease, synthetic lease or similar arrangement), (d) for the purposes of Sections 7.2 and 8(e) only, all indebtedness created or arising under any conditional sale or other
    title retention agreement (other than an operating lease) with respect to property acquired by such Person (even though the rights and remedies of the seller or lender under such agreement in the event of default are limited to repossession or sale of
    such property), (e) for the purposes of Sections 7.2 and 8(e) only, all Capital Lease Obligations of such Person; (f) for the purposes of Sections 7.2 and 8(e) only, all obligations of such Person, contingent or otherwise, as an account party under
    acceptances, surety bonds or similar arrangements (other than obligations arising out of endorsements of instruments for deposit or collection in the ordinary course of business), (g) all unpaid reimbursement obligations of such Person in respect of
    drawings under letters of credit and surety bonds and, for purposes of Sections 7.2 and 8(e) only, the face amount of all letters of credit issued for the account of such Person, (h) for the purposes of Sections 7.2 and 8(e) only, all Guarantee
    Obligations of such Person in respect of obligations of the kind referred to in clauses (a) through (g) above, (i) without limitation of the foregoing, all obligations of the kind referred to in clauses (a) through (h) above secured by (or for which
    the holder of such obligation has an existing right, contingent or otherwise, to be secured by) any Lien on property (including accounts and contract rights) owned by such Person, whether or not such Person has assumed or become liable for the payment
    of such obligation; provided that the amount of any such obligation shall be deemed to be the lesser of the face principal amount thereof and the fair market value of the property subject to such Lien and (j) for the purposes of Sections 7.2
    and 8(e) only, all obligations of such Person in respect of Hedge Agreements; provided that, for purposes of Sections 7.2 and 8(e), the amount of “Indebtedness” included with respect to any such Hedge Agreement shall be based on the net
    termination value thereof. Notwithstanding the foregoing, overdrafts by the Parent and its Subsidiaries in the ordinary course of business in connection with cash management (and not working capital) and trade letter of credit with a maturity of less
    than 180 days issued in the ordinary course of business shall not constitute Indebtedness.

   

  “Indemnitee”: as defined in Section 10.5.

   

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

   

  “Information”: as defined in Section 4.19(a)(i).

   

  “Initial Asset Sales”: as defined in the recitals hereto.

   

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

   

  “Insolvent”: pertaining to a condition of Insolvency.

   

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

   

  
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  “Intellectual Property Security Agreement”: means, individually and collectively, the intellectual property security agreement, to be dated as of the Merger
    Effective Time, together with each other intellectual property security agreement or Intellectual Property Security Agreement Supplement.

   

  “Intellectual Property Security Agreement Supplement”: means, collectively, any intellectual property security agreement supplement entered into in connection
    with, and pursuant to the terms of, any Intellectual Property Security Agreement.

   

  “Interest Election Request”: a request by the borrower to convert or continue a Borrowing in accordance with Section 2.14.

   

  “Interest Payment Date”: (a) with respect to any ABR Loan (other than a Swingline Loan), the last day of each March, June, September and December and the
    Maturity Date, (b) with respect to any RFR Loan, (1) each date that is on the numerically corresponding day in each calendar month that is one month after the Borrowing of such Loan (or, if there is no such numerically corresponding day in such month,
    then the last day of such month) and (2) the Maturity Date, (c) with respect to any Term Benchmark Loan, the last day of each Interest Period applicable to the Borrowing of which such Loan is a part and, in the case of a Term Benchmark 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, and the Maturity Date and (d) with respect to
    any Swingline Loan, the day that such Loan is required to be repaid and the Maturity Date.

   

  “Interest Period”: with respect to any Term Benchmark Borrowing, the period commencing on the date of such Borrowing and ending on the numerically corresponding
    day in the calendar month that is one, three or six months thereafter (in each case, subject to the availability for the Benchmark applicable to the relevant Loan or Commitment), as the Borrower may elect; provided, that (i) 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, (ii) 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 of such Interest Period and (iii) no tenor that has been removed from this definition pursuant to Section 2.18(e) shall be available for specification in such Borrowing Request or Interest Election
    Request. For purposes hereof, the date of a Borrowing initially shall be the date on which such Borrowing is made and, in the case of a Revolving Borrowing, thereafter shall be the effective date of the most recent conversion or continuation of such
    Borrowing.

   

  “Investments”: as defined in Section 7.8.

   

  “IRS”: shall mean the Internal Revenue Service of the United States Department of Treasury.

   

  “ISDA Definitions”: 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”: with respect to any Letter of Credit, the “International Standby Practices 1998” published by the International Chamber of Commerce under Publication No.
    590 (or such later version thereof as may be in effect at the time of issuance).

   

  “Issuing Lender”: (i) JPMCB and Goldman Sachs Bank USA (in each case, which may act through its Affiliates) or (ii) any other Lender (which may act through its
    Affiliates) requested by the Parent and reasonably acceptable to the Administrative Agent which agrees to act as an Issuing Lender hereunder, in each case its capacity as issuer of any Letter of Credit. Each reference herein to “Issuing Lender” shall
    be deemed to be a reference to the relevant Issuing Lender.

   

  “Joinder Agreement”: as defined in Section 2.29.

   

  “Joint Venture”: any Person in which the Parent and/or its Subsidiaries hold less than a majority of the Capital Stock, and which does not constitute a
    Subsidiary of the Parent, whether direct or indirect.

   

  “JPMCB”: JPMorgan Chase Bank, N.A.

   

  “Judgment Currency”: as defined in Section 10.21(b).

   

  “Junior Lien Intercreditor Agreement”: an intercreditor agreement on customary terms or otherwise in a form reasonably acceptable to the Administrative Agent
    and the Parent, among the Parent, the Subsidiary Guarantors from time to time party thereto, the Administrative Agent and any Other Debt Representatives for the holders of Indebtedness that is permitted under Sections 7.2 (including for the avoidance
    of doubt, any relevant Indebtedness incurred in accordance with Sections 2.27 or 2.30) and 7.3 to be, and is intended to be, secured by a Lien on the Collateral that is junior (or, if applicable, pari passu with) to the Liens securing the Obligations.

   

  “Knowledge” or to the “Knowledge”: of any Loan Party or any Subsidiaries of any Loan Party, the actual knowledge, after reasonable good faith
    investigation, of a Responsible Officer of such Loan Party or such Subsidiary.

   

  “Latest Maturity Date”: at any date of determination, the latest maturity or expiration date applicable to any Loan or Commitment hereunder at such time,
    including the latest maturity or expiration date of any Term Loan.

   

  “L/C Commitment”: as to any Revolving Lender, the obligation of such Revolving Lender to issue Letters of Credit pursuant to Section 3 in an aggregate undrawn,
    unexpired face amount plus the aggregate unreimbursed drawn amount thereof at any time not to exceed the amount set forth under the heading “L/C Commitment” opposite such Revolving Lender’s name on Schedule 1.1A or in the Assignment and Assumption
    pursuant to which such Revolving Lender becomes a party hereto, in each case, as the same may be changed from time to time pursuant to the terms hereof.

   

  “L/C Exposure”: at any time, the sum of (a) the aggregate undrawn amount of all outstanding Letters of Credit at such time plus (b) the aggregate amount of all
    payments, made by an Issuing Lender pursuant to a Letter of Credit, that have not yet been reimbursed by or on behalf of the applicable Borrower at such time. The L/C Exposure of any Revolving Lender at any time shall be, with respect to such Lender,
    such Lender’s applicable percentage of the total L/C Exposure at such time.

   

  “L/C Fee Payment Date”: the second Business Day of each January, April, July or October and the last day of the Revolving Commitment Period.

   

  
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  “L/C Obligations”: at any time, an amount equal to the sum of (a) the aggregate then undrawn and unexpired amount of the then outstanding Letters of Credit and
    (b) the aggregate amount of drawings under Letters of Credit that have not then been reimbursed pursuant to Section 3.5. 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, or a Letter of Credit subject to UCP600 allows extension of the expiration date of such Letter of Credit for reasons of Force Majeure stated in Article 36 of UCP600, such
    Letter of Credit shall be deemed to be “outstanding” in the amount so remaining available to be drawn.

   

  “L/C Participants”: with respect to any Letter of Credit issued by an Issuing Lender, the collective reference to all the Revolving Lenders other than the
    Issuing Lender with respect to such Letter of Credit.

   

  “Lender Affiliate”: (a) with respect to any Lender (i) an Affiliate of such Lender or (ii) any entity (whether a corporation, partnership, trust or otherwise)
    that is engaged in making, purchasing, holding or otherwise investing in bank loans and similar extensions of credit in the ordinary course of its business and is administered or managed by such Lender or an Affiliate of such Lender and (b) with
    respect to any Lender that is a fund which invests in bank loans and similar extensions of credit, any other fund that invests in bank loans and similar extensions of credit and is managed by the same investment advisor as such Lender or by an
    Affiliate of such investment advisor.

   

  “Lender Cash Management Obligations”: Cash Management Obligations owed to any Person who is, or was, the Administrative Agent or a Lender (or any Affiliate of
    the Administrative Agent or any Lender) (x) at the time the agreement governing such Cash Management Obligations was entered into, with respect to any Cash Management Obligations arising from agreement entered into after the Merger Effective Time or
    (y) as of the Merger Effective Time, with respect to any Cash Management Obligations arising from agreement existing on the Merger Effective Time, in each case of clauses (x) and (y), regardless of whether such Person subsequently ceases to be the
    Administrative Agent or a Lender or an Affiliate of the Administrative Agent or a Lender.

   

  “Lender Hedge Agreements”: as defined in the Guarantee Agreement.

   

  “Lenders”: as defined in the preamble hereto.

   

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

   

  “Letter of Credit Expiration Date”: the day that is five (5) Business Days prior to the scheduled maturity date then in effect for the applicable Class, series
    or tranche of Revolving Commitments (or, if day is not a Business Day, the next succeeding Business Day).

   

  “Letter of Credit Reimbursement Loan”: as defined in Section 3.5.

   

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

   

  “Limited Condition Transaction”: as defined in Section 1.4(d).

   

  “Loan”: any loan made by any Lender pursuant to this Agreement.

   

  
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  “Loan Documents”: this Agreement, the Guarantee Agreement, the Security Documents and the Notes, as the same may be amended, modified or supplemented from time
    to time.

   

  “Loan Parties”: each Borrower and each Guarantor.

   

  “Local Time”: New York City time in the case of a Loan or Borrowing disbursement denominated in U.S. Dollars.

   

  “Long-Term Indebtedness”: any Indebtedness that, in accordance with GAAP, constitutes (or, when incurred, constituted) a long-term liability; provided
    that revolving indebtedness shall not constitute Long-Term Indebtedness.

   

  “Majority Facility Lenders”: with respect to any Facility, the holders of more than 50.0% of the aggregate unpaid principal amount of the Total Revolving
    Extensions of Credit (excluding Revolving Extensions of Credit held by Defaulting Lenders) under the Revolving Facility, the aggregate unpaid principal amount of the Tranche A Term Loans outstanding under the Tranche A Term Facility or in the case of
    the Revolving Facility, prior to any termination of the Revolving Commitments, the holders (other than Defaulting Lenders) of more than 50.0% of the Total Revolving Commitments (excluding Revolving Commitments of Defaulting Lenders) or in the case of
    the Tranche A Term Facility, prior to any termination of the Tranche A Term Commitments, the holders (other than Defaulting Lenders) of more than 50.0% of the aggregate Tranche A Term Commitments (excluding Tranche A Term Commitments of Defaulting
    Lenders).

   

  “Material Acquisition”: any acquisition, or a series of related acquisitions by the Parent or any Subsidiary, of (a) Capital Stock in any Person if, after
    giving effect thereto, such Person will become a Subsidiary or (b) assets comprising 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, in the case of each of (a) and (b), the aggregate consideration therefor (including Indebtedness assumed in connection therewith, all obligations in respect of deferred purchase price (including obligations under any purchase
    price adjustment, as estimated in good faith by the Parent, but excluding earnout, contingent payment or similar payments) and all other consideration payable in connection therewith (including payment obligations in respect of noncompetition
    agreements or other arrangements representing acquisition consideration)) exceeds $100,000,000.

   

  “Material Adverse Effect”: a material adverse effect on (a) the business, property, operations or financial condition of the Parent and its Subsidiaries taken
    as a whole, (b) the ability of the Loan Parties, taken as a whole, to perform their payment obligations under the Loan Documents or (c) the rights of or benefits available to the Lenders, taken as a whole, under this Agreement or any other Loan
    Document.

   

  “Materials of Environmental Concern”: any gasoline or petroleum (including crude oil or any fraction thereof) or petroleum products or any hazardous or toxic
    substances, materials or wastes, in each case that are defined or regulated as such in or under any Requirement of Law relating to the environment, including asbestos, polychlorinated biphenyls and urea-formaldehyde insulation.

   

  “Maturity Date”: with respect to the (i) Tranche A Term Facility, the Tranche A Final Maturity Date and (ii) the Revolving Facility, the Revolving Termination
    Date.

   

  “Maximum Rate”: as defined in Section 10.19.

   

  “Merger”: as defined in the recitals hereto.

   

  
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  “Merger Agreement”: as defined in the recitals hereto.

   

  “Merger Effective Time”: from and after the consummation of the Merger.

   

  “Merger Sub”: as defined in the recitals hereto.

   

  “Merger Transaction Representations”: the representations made by or with respect to the Company and the SpinCo Business in the Merger Agreement as are material
    to the interests of the Lenders (in their capacities as such) (but only to the extent that Neogen or its applicable affiliates has the right to terminate its obligation to consummate the Merger (or otherwise does not have an obligation to close) under
    the Merger Agreement as a result of a failure of such representations in the Merger Agreement to be accurate without liability to any of them).

   

  “Merger Transactions”: as defined in the recitals hereto.

   

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

   

  “Multiemployer Plan”: any multiemployer plan as defined in Section 4001(a)(3) of ERISA, which is subject to Title IV of ERISA and is (or during the immediately
    preceding five (5) plan years has been) contributed to by (or to which there is an obligation to contribute of) the Parent or a Commonly Controlled Entity.

   

  “Neogen”: as defined in the recitals hereto.

   

  “Neogen Business”: as defined in the recitals hereto.

   

  “Net Cash Proceeds”: (a) in connection with any Asset Sale or any Recovery Event, the proceeds thereof in the form of cash (including any such proceeds received
    by way of deferred payment of principal pursuant to a note or installment receivable or purchase price adjustment receivable or otherwise, but only as and when received), net of attorneys’ fees, accountants’ fees, investment banking fees, amounts
    required to be applied to the repayment of Indebtedness secured by a Lien expressly permitted hereunder on any asset that is the subject of such Asset Sale or Recovery Event, as applicable (other than any Lien pursuant to a Security Document and other
    than (i) any Incremental Equivalent Debt, (ii) Credit Agreement Refinancing Indebtedness, (iii) Ratio Debt, (iv) Incurred Acquisition Debt or (v) any other Indebtedness outstanding at such time that, in each case, is secured by a Lien on the Collateral
    that is pari passu (but without regard to the control of remedies) with the Liens securing the Obligations) and other fees and expenses actually incurred in connection therewith and net of taxes paid or reasonably estimated to be payable as a result
    thereof (after taking into account any available tax credits or deductions and any tax sharing arrangements) and (b) in connection with any issuance or sale of Capital Stock or any incurrence of Indebtedness, the cash proceeds received from such
    issuance or incurrence, net of attorneys’ fees, investment banking fees, accountants’ fees, underwriting discounts and commissions and other fees and expenses actually incurred in connection therewith.

   

  “Netted Cash”: at any date of determination, the aggregate amount of all cash and Cash Equivalents that are not “restricted” in accordance with GAAP (but
    including the aggregate amount of cash and Cash Equivalents restricted in favor of the Facilities (which may also be restricted in favor of any other Indebtedness secured by a pari passu or junior lien on the Collateral along with the
    Facilities) of the Parent and its Restricted Subsidiaries as of such date.

   

  “Non-Consenting Lender”: as defined in Section 2.24.

   

  
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  “Non-Excluded Taxes”: Taxes imposed on or with respect to any payment made by or on account of any obligation of any Loan Party under any Loan Document, other
    than Taxes that are (i) Taxes imposed on or measured by net income (however denominated), franchise Taxes or branch profits Taxes (A) imposed as a result of the Administrative Agent or any Lender being organized under the laws of, or having its
    principal office or, in the case of any Lender, its applicable lending office located in, the jurisdiction imposing such Tax (or any political subdivision thereof) or (B) imposed on the Administrative Agent or any Lender as a result of a present or
    former connection between the Administrative Agent or such Lender and the jurisdiction of the Governmental Authority imposing such Tax or any political subdivision or taxing authority thereof or therein (other than any such connection arising solely
    from the Administrative Agent or such Lender 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 this Agreement or any other Loan Document), (ii) attributable to a Lender’s failure to comply with the requirements of paragraph (e), (f) or (g) of Section 2.21, (iii) U.S. federal withholding taxes imposed on amounts payable to or for the
    account of a Lender with respect to an applicable interest in a Loan or Commitment pursuant to a law in effect on the date on which such Lender becomes a party to this Agreement or changes its lending office, except to the extent that, pursuant to
    Section 2.21, amounts with respect to such Taxes were payable either to such Lender’s assignor (if any) immediately before such Lender acquired such interest or to such Lender immediately before it changed its lending office or (iv) any withholding
    Taxes imposed pursuant to FATCA.

   

  “Non-Expiring Credit Commitment”: as defined in Section 2.9(e).

   

  “Non-U.S. Lender”: as defined in Section 2.21(f)(ii).

   

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

   

  “Notice of Designation”: as defined in Section 2.29.

   

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

   

  “NYFRB Rate”: 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”: the rate for a federal funds transaction
    quoted at 11:00 a.m. on such day received by the Administrative Agent from a federal funds broker of recognized standing selected by it; provided, further, that if any of the aforesaid rates as so determined be less than 0.00%, such
    rate shall be deemed to be 0.00% for purposes of this Agreement.

   

  “NYFRB’s Website”: the website of the NYFRB at http://www.newyorkfed.org, or any successor source.

   

  “Obligations”: the unpaid principal of and interest on (including interest accruing after the maturity of the Loans and Reimbursement Obligations and interest
    accruing after the filing of any petition in bankruptcy, or the commencement of any insolvency, reorganization or like proceeding, relating to the Borrowers, whether or not a claim for post-filing or post-petition interest is allowed in such
    proceeding) the Loans and all other obligations and liabilities of the Borrowers to the Administrative Agent or to any Lender (or, in the case of Lender Hedge Agreements or Lender Cash Management Obligations, any Affiliate of the Administrative Agent
    or any Lender), whether direct or indirect, absolute or contingent, due or to become due, or now existing or hereafter incurred, which may arise under, out of, or in connection with, this Agreement, any other Loan Document (including, for the avoidance
    of doubt, any guarantee of Lender Cash Management Obligations and Lender Hedge Agreements in each case arising under the Guarantee Agreement), the Letters of Credit, Lender Cash Management Obligations, Lender Hedge Agreements or any other document
    made, delivered or given in connection herewith or therewith, whether on account of principal, interest, reimbursement obligations, fees, indemnities, costs, expenses (including all fees, charges and disbursements of counsel to the Administrative Agent
    or to any Lender that are required to be paid by the Borrowers pursuant hereto) or otherwise.

   

  
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  “Other Applicable Asset Sale Indebtedness”: as defined in Section 2.13(b).

   

  “Other Debt Representative”: with respect to any series of Indebtedness permitted to be incurred and secured by a Lien on the Collateral that is pari passu (but
    without regard to the control of remedies) with or junior to the Lien securing the Obligations, the trustee, administrative agent, collateral agent, security agent or similar agent under the indenture or agreement pursuant to which such Indebtedness is
    issued, incurred or otherwise obtained, as the case may be, and each of their successors in such capacities.

   

  “Other Revolving Commitments”: one or more Classes of revolving credit commitments hereunder that result from a Refinancing Amendment.

   

  “Other Revolving Loans”: one or more Classes of Revolving Credit Loans that result from a Refinancing Amendment.

   

  “Other Taxes”: all present or future stamp, court or documentary, intangible, recording, filing or any other similar Taxes imposed by the United States or any
    political subdivision thereof, that arise from any payment made under, from the execution, delivery or enforcement of, from the receipt or perfection of a security interest under, or otherwise with respect to, this Agreement or any other Loan Document,
    except any such Taxes imposed with respect to an assignment.

   

  “Overnight Bank Funding Rate”: for any day, the rate comprised of both overnight federal funds and overnight Term Benchmark borrowings denominated in Dollars 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.

   

  “Parent”: (i) prior to the Merger Effective Time, the Company and (ii) at and after the Merger Effective Time, Neogen.

   

  “Parent Entity”: means any entity with respect to which Parent is a direct or indirect Wholly Owned Subsidiary.

   

  “Parent Stock”: Capital Stock of the Parent that constitutes “margin stock” within the meaning of Regulation U.

   

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

   

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

   

  “Participating Member State”: each state so described in any EMU legislation.

   

  “Patriot Act”: the USA PATRIOT Act, Title III of Pub. L. 107-56, signed into law on October 26, 2001 or any subsequent legislation that amends, supplements or
    supersedes such Act.

   

  
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  “Payment”: as defined in Section 9.6(c)(i).

   

  “Payment Notice”: as defined in Section 9.6(c)(ii).

   

  “PBGC”: the Pension Benefit Guaranty Corporation established pursuant to Subtitle A of Title IV of ERISA (or any successor).

   

  “Perfection Certificate”: shall mean the Perfection Certificate, dated as of the Merger Effective Time, executed and delivered by the Loan Parties and each
    other Perfection Certificate or any supplement thereto delivered by any of the Loan Parties pursuant to the terms hereof.

   

  “Permitted First Priority Refinancing Debt”: any Permitted First Priority Refinancing Notes and any Permitted First Priority Refinancing Loans.

   

  “Permitted First Priority Refinancing Loans”: any Credit Agreement Refinancing Indebtedness in the form of secured loans incurred by the Parent and/or the
    Subsidiary Guarantors in the form of one or more tranches of loans under this Agreement; provided that (i) such Indebtedness is secured by a Lien on the Collateral that is pari passu (but without regard to the control of remedies) with the
    Liens securing the Obligations and (ii) such Indebtedness meets the Permitted Other Debt Conditions.

   

  “Permitted First Priority Refinancing Notes”: any Credit Agreement Refinancing Indebtedness in the form of secured Indebtedness (including any Registered
    Equivalent Notes) incurred by the Parent and/or the Subsidiary Guarantors in the form of one or more series of senior secured notes (whether issued in a public offering, Rule 144A, private placement or otherwise) or loans not under this Agreement; provided
    that (i) such Indebtedness is secured by a Lien on the Collateral that is pari passu (but without regard to the control of remedies) with the Liens securing the Obligations, (ii) such Indebtedness meets the Permitted Other Debt Conditions and (iii) an
    Other Debt Representative acting on behalf of the holders of such Indebtedness shall have become party to a First Lien Intercreditor Agreement and, if required thereby, any other Applicable Intercreditor Agreement then in effect. Permitted First
    Priority Refinancing Notes will include any Registered Equivalent Notes issued in exchange therefor.

   

  “Permitted Junior Lien Refinancing Debt”: Credit Agreement Refinancing Indebtedness constituting secured Indebtedness (including any Registered Equivalent
    Notes) incurred by the Parent and/or the Subsidiary Guarantors in the form of one or more series of junior lien secured notes or junior lien secured loans; provided that (i) such Indebtedness is secured by a Lien on the Collateral that is
    junior to the Liens securing the Obligations, (ii) such Indebtedness meets the Permitted Other Debt Conditions and (iii) an Other Debt Representative acting on behalf of the holders of such Indebtedness shall have become party to the Junior Lien
    Intercreditor Agreement as a “Junior Priority Representative” (or similar term, in each case, to be defined in the Junior Lien Intercreditor Agreement). Permitted Junior Lien Refinancing Debt will include any Registered Equivalent Notes issued in
    exchange therefor.

   

  “Permitted Other Debt Conditions”: with respect to any Indebtedness, that such applicable Indebtedness (i) is issued, incurred or otherwise obtained (including
    by means of the extension or renewal of existing Indebtedness) in exchange for, or to extend, renew, replace, repurchase, retire or refinance, in whole or part, existing Term Loans and Revolving Loans (or Commitments in respect to Revolving Loans), or
    any then-existing Credit Agreement Refinancing Indebtedness (“Refinanced Debt”), (ii) has a maturity no earlier than, and a Weighted Average Life to Maturity equal to or greater than the applicable Refinanced Debt, (iii) is not at any time
    guaranteed by any Subsidiaries other than Subsidiaries that are Guarantors, and (iv) is not secured by any property or assets of the Parent or any Subsidiaries other than the Collateral.

   

  
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  “Permitted Payee”: any future, current or former director, officer, member of management, manager, employee, independent contractor or consultant (or any
    Affiliate, immediate family member or transferee of any of the foregoing) of the Parent (or any Subsidiary) or any Parent Entity.

   

  “Permitted Receivables Financing”: (a) any sale by the Parent or a Subsidiary of accounts receivable and related assets to a Finance Subsidiary intended to be
    (and which shall be treated for the purposes hereof as) a true sale transaction with customary limited recourse based upon the collectability of the receivables sold and the corresponding sale or pledge of such accounts receivable and related assets
    (or an interest therein) by the Finance Subsidiary, in each case without any guarantee of the collectability of such accounts receivable by the Parent or any other Subsidiary thereof (other than by such Finance Subsidiary); and (b) (i) any sale by the
    Parent or a Subsidiary of accounts receivable and related assets under a factoring agreement that is intended to be (and which shall be treated for the purposes hereof as) a true sale transaction with customary limited recourse based upon
    collectability of the receivables sold, without any guarantee by the Parent and any other Subsidiary thereof of the collectability of such accounts receivable and (ii) any sale or financing by any Foreign Subsidiary to or with local buyers or lenders
    of accounts receivable and related assets in the ordinary course of business, in each case without any guarantee by the Parent or any Domestic Subsidiary. The aggregate principal amount of the proceeds from parties outside the Parent’s consolidated
    group and which remain outstanding in all transactions described in the preceding clauses (a) and (b) shall not exceed $150,000,000. In addition to accounts receivables and their proceeds, the related assets transferred in a Permitted Receivables
    Financing may include (A) any collateral for transferred receivables (other than any interest in goods the sale of which gave rise to such receivables) and any agreements supporting or securing payment of transferred receivables, (B) any service
    contracts or other agreements associated with such receivables and records relating to such receivables, (C) any bank account or lock box maintained primarily for the purpose of receiving collections of transferred receivables and (D) proceeds of all
    of the foregoing.

   

  “Permitted Refinancing”: with respect to any Person, any modification, refinancing, refunding, renewal, replacement or extension (collectively, a “Refinancing”
    and the Indebtedness being so Refinanced, the “Refinanced Indebtedness”) 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 (x) unpaid accrued interest, penalties and premiums (including tender, prepayment or repayment premiums)
    thereon plus underwriting discounts and other customary fees, commissions and expenses (including upfront fees, original issue discount or initial yield payment) incurred in connection with such modification, refinancing, refunding, renewal,
    replacement or extension, (y) any existing commitments unutilized thereunder and (z) additional amounts permitted to be incurred under Section 7.2 and, to the extent secured by a Lien, Section 7.3 (and, in each case, the applicable clause of
    Section 7.2 and Section 7.3 shall be deemed to be utilized by the amount so incurred), (b) if such Refinanced Indebtedness is Indebtedness that was outstanding on the Closing Date (or is any Refinanced Indebtedness of Indebtedness that was outstanding
    on the Closing Date) or the maturity and Weighted Average Life to Maturity of such Refinanced Indebtedness was restricted by this Agreement at the time of incurrence thereof, such modification, refinancing, refunding, renewal, replacement or extension
    has a maturity no earlier than, and a Weighted Average Life to Maturity equal to or greater than the Indebtedness being modified, refinanced, refunded, renewed, replaced or extended, (c) if such Refinanced Indebtedness 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 Refinanced Indebtedness, (d) such modification, refinancing, refunding, renewal, replacement or extension has no different obligors, or greater guarantees or security than the Refinanced Indebtedness (provided that (i) Indebtedness
    of any Loan Party may be Refinanced to add or substitute as an obligor another Loan Party and (ii) any Indebtedness of any Subsidiary that is not a Loan Party may be Refinanced to add or substitute as an obligor another Subsidiary that is not a Loan
    Party, in each case to the extent then permitted under Section 7.2) and (e) if the Indebtedness being modified, refinanced, refunded, renewed, replaced or extended was subject to an Applicable Intercreditor Agreement, the holders of such modified,
    refinanced, refunded, renewed, replaced or extended Indebtedness (if such Indebtedness is secured) or their representative on their behalf shall become party to the Applicable Intercreditor Agreement(s).

   

  
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  “Permitted Reorganization”: any transaction or undertaking, including Investments, in connection with internal reorganizations and or restructurings (including
    in connection with tax planning and corporate reorganizations), so long as, after giving effect thereto, (a) the Loan Parties shall comply with the requirements set forth in Section ‎‎6.9, (b) neither the guarantee of the Obligations provided to the
    Credit Parties pursuant to the Guarantee Agreement, taken as a whole, nor the security interest of the Credit Parties (as defined in the Collateral Agreement) in the Collateral, taken as a whole, is materially impaired (including by a material portion
    of the assets that constitute Collateral immediately prior to such Permitted Reorganization no longer constituting Collateral) as a result of such Permitted Reorganization and (c) the Parent shall not change its jurisdiction of organization or
    formation in connection therewith to a jurisdiction outside of the United States.

   

  “Permitted Sale/Leasebacks”: as defined in Section 7.11.

   

  “Permitted Unsecured Refinancing Debt”: Credit Agreement Refinancing Indebtedness in the form of unsecured Indebtedness (including any Registered Equivalent
    Notes) incurred by the Parent and/or the Subsidiary Guarantors in the form of one or more series of unsecured notes or loans; provided that such Indebtedness meets the Permitted Other Debt Conditions (to the extent applicable thereto).
    Permitted Unsecured Refinancing Debt will include any Registered Equivalent Notes issued in exchange therefor.

   

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

   

  “Plan”: at a particular time, any “employee benefit plan” as defined by Section 3(3) of ERISA (other than a Multiemployer Plan) that is subject to Title IV of
    ERISA or Section 412 of the Code or Section 302 of ERISA maintained or contributed to by the Parent or a Commonly Controlled Entity or to which the Parent or a Commonly Controlled Entity has or during the immediately preceding five (5) plan years had
    an obligation to contribute, or in respect of which the Parent or a Commonly Controlled Entity is (or, if such plan were terminated, would under Section 4069 of ERISA be deemed to be) an “employer” as defined in Section 3(5) of ERISA.

   

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

   

  “Pricing Grid”: the pricing grid attached hereto as Annex A.

   

  “Pricing Level”: as defined in the Pricing Grid.

   

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

   

  
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  “Proceeding”: as defined in Section 10.5.

   

  “Pro Forma Basis” or “pro forma effect”: with respect to any determination of the Total Leverage Ratio, the First Lien Leverage Ratio, the Senior Secured
    Leverage Ratio, the Consolidated Interest Coverage Ratio, Consolidated EBITDA or Consolidated Net Income (including component definitions thereof), that each Specified Transaction shall be deemed to have occurred as of the first day of the applicable
    Test Period with respect to any test or covenant for which such calculation is being made and that:

   

  (a)           (i) in the case of (A) any Disposition of all or substantially all of
    the Capital Stock of any Subsidiary or any division and/or product line of the Parent or any Subsidiary or (B) any designation of a Subsidiary as an Unrestricted Subsidiary, income statement items (whether positive or negative) attributable to the
    property or Person subject to such Specified Transaction, shall be excluded as of the first day of the applicable Test Period with respect to any test or covenant for which the relevant determination is being made and (ii) in the case of any permitted
    acquisition, Investment and/or designation of an Unrestricted Subsidiary as a Subsidiary described in the definition of the term “Specified Transaction”, income statement items (whether positive or negative) attributable to the property or Person
    subject to such Specified Transaction shall be included as of the first day of the applicable Test Period with respect to any test or covenant for which the relevant determination is being made; provided that any pro forma adjustment may be
    applied to any such test or covenant solely to the extent that such adjustment is consistent with, subject to the limitations set forth in and without duplication with respect to the application of, the definition of “Consolidated EBITDA”,

   

  (b)           any Expected Cost Savings shall be calculated on a Pro Forma Basis as
    though such Expected Cost Savings had been realized on the first day of the applicable Test Period and as if such Expected Cost Savings were realized in full during the entirety of such period; provided that any pro forma adjustment may be
    applied to any such test or covenant solely to the extent that such adjustment is consistent with, subject to the limitations set forth in and without duplication with respect to the application of, the definition of “Consolidated EBITDA”,

   

  (c)           any retirement or repayment of Indebtedness (other than normal
    fluctuations in revolving Indebtedness incurred for working capital purposes) shall be deemed to have occurred as of the first day of the applicable Test Period with respect to any test or covenant for which the relevant determination is being made,
    and

   

  (d)           any Indebtedness incurred by the Parent or any of its Subsidiaries in
    connection therewith shall be deemed to have occurred as of the first day of the applicable Test Period with respect to any test or covenant for which the relevant determination is being made; provided that (x) if such Indebtedness has a
    floating or formula rate, such Indebtedness shall have an implied rate of interest for the applicable Test Period for purposes of this definition determined by utilizing the rate that is or would be in effect with respect to such Indebtedness at the
    relevant date of determination (taking into account any interest hedging arrangements applicable to such Indebtedness), (y) interest on any obligation with respect to any capital lease shall be deemed to accrue at an interest rate determined by a
    Responsible Officer of the Parent in good faith to be the rate of interest implicit in such obligation in accordance with GAAP and (z) interest on any Indebtedness that may optionally be determined at an interest rate based upon a factor of a prime or
    similar rate, a Term Benchmark Loan 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 by the Parent.

   

  
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  Notwithstanding anything to the contrary set forth in the immediately preceding paragraph, for the avoidance of doubt, when calculating the Total Leverage Ratio and
    the Consolidated Interest Coverage Ratio for purposes of the definitions of “Applicable Margin”, “Commitment Fee Rate”, and “Pricing Level” and for purposes of the Financial Covenants (other than for the purpose of determining pro forma compliance with
    the Financial Covenants as a condition to taking any action under this Agreement), the events described in the immediately preceding paragraph that occurred subsequent to the end of the applicable Test Period shall not be given pro forma effect.

   

  “Projections”: the financial projections for the Parent and its Subsidiaries through 2026 delivered to the Arrangers in May 2022.

   

  “Properties”: as defined in Section 4.18(a).

   

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

   

  “Public Company Costs”: as defined in the definition of “Consolidated EBITDA”.

   

  “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”: as defined in Section 10.23.

   

  “Qualified Capital Stock”: Capital Stock of the Parent in respect of which no scheduled, mandatory or required payments are due (other than payments in kind)
    prior to the Latest Maturity Date.

   

  “Ratio Debt”: as defined in Section 7.2(l)(i).

   

  “Reclassifiable Item”: as defined in Section 1.4(a).

   

  “Recovery Event”: any settlement of or payment in respect of any property or casualty insurance claim or any condemnation proceeding relating to any asset of
    the Parent or any of its Subsidiaries.

   

  “Reference Time”: with respect to any setting of the then-current Benchmark means (1) if such Benchmark is the Term SOFR Rate, 5:00 a.m. (Chicago time) on the
    day that is two U.S. Government Securities Business Days preceding the date of such setting, (2) if the RFR for such Benchmark is Daily Simple SOFR, then four Business Days prior to such setting or (3) if such Benchmark is none of the Term SOFR Rate or
    Daily Simple SOFR, the time determined by the Administrative Agent in its reasonable discretion.

   

  “Refinanced Debt”: as defined in the definition of “Permitted Other Debt Conditions”.

   

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

   

  “Refinancing Amendment”: an amendment to this Agreement executed by each of (a) the Parent, (b) the Administrative Agent, (c) each Additional Refinancing Lender
    and (d) each Lender that agrees to provide any portion of Refinancing Term Loans or Other Revolving Commitments in accordance with Section 2.30.

   

  “Refinancing Series”: Refinancing Term Loans or Refinancing Term Commitments that are established pursuant to the same Refinancing Amendment (or any subsequent
    Refinancing Amendment to the extent such Refinancing Amendment expressly provides that the Refinancing Term Loans or Refinancing Term Commitments provided for therein are intended to be a part of any previously established Refinancing Series) and that
    provide for the same All-in Yield and, in the case of Refinancing Term Loans or Refinancing Term Commitments, amortization schedule.

   

  
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  “Refinancing Term Commitments”: one or more Classes of Term Commitments hereunder that are established to fund Refinancing Term Loans of the applicable
    Refinancing Series hereunder pursuant to a Refinancing Amendment.

   

  “Refinancing Term Loans”: one or more Classes of Term Loans hereunder that result from a Refinancing Amendment.

   

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

   

  “Registered Equivalent Notes”: with respect to any notes originally issued in an offering pursuant to Rule 144A under the Securities Act or other private
    placement transaction under the Securities Act of 1933, substantially equivalent notes (having the same guarantees) issued in a dollar-for-dollar exchange therefor pursuant to an exchange offer registered with the SEC.

   

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

   

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

   

  “Related Parties”: as defined in Section 10.5.

   

  “Relevant Governmental Body”: means, the Federal Reserve Board and/or the NYFRB, as applicable, or a committee officially endorsed or convened by the Federal
    Reserve Board and/or NYFRB or, in each case, any successor thereto.

   

  “Relevant Rate”: (a) with respect to any Term Benchmark Borrowing, the Adjusted Term SOFR Rate or (b) with respect to any RFR Borrowing, the Adjusted Daily
    Simple SOFR, as applicable.

   

  “Reportable Event”: any of the events set forth in Section 4043(c) of ERISA, other than those events as to which the thirty day notice period is waived.

   

  “Required Lenders”: at any time, the holders (other than Defaulting Lenders) of more than 50.0% of the sum of (i) the aggregate Tranche A Term Commitments
    (excluding Tranche A Term Commitments of Default Lenders) or, if the Tranche A Term Commitments have been terminated, the aggregate unpaid principal amount of the Term Loans (excluding Term Loans held by Defaulting Lenders) then outstanding and (ii)
    the Total Revolving Commitments (excluding Revolving Commitments of Defaulting Lenders) then in effect or, if the Revolving Commitments have been terminated, the Total Revolving Extensions of Credit (excluding Revolving Extensions of Credit held by
    Defaulting Lenders) then outstanding.

   

  “Required Revolving Lenders”: at any time, the holders (other than Defaulting Lenders) of more than 50.0% of the Total Revolving Commitments (excluding
    Revolving Commitments of Defaulting Lenders) then in effect or, if the Revolving Commitments have been terminated, the Total Revolving Extensions of Credit (excluding Revolving Extensions of Credit held by Defaulting Lenders) then outstanding.

   

  
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  “Requirement of Law”: as to any Person, any law, treaty, rule or regulation or determination of an arbitrator or a court or other Governmental Authority, in
    each case applicable to or binding upon such Person or any of its property or to which such Person or any of its property is subject.

   

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

   

  “Responsible Officer”: the chief executive officer, president or chief financial officer (or, if there is no such officer, any other officer or manager of such
    Person with equivalent duties) of the Parent or any other applicable Loan Party, but in any event, with respect to financial matters, the chief financial officer, Treasurer or Controller (or, if there is no such officer, any other officer or manager of
    such Person with equivalent duties) of the Parent or such Loan Party, as the case may be.

   

  “Restricted Debt Payments”: as defined in Section 7.15.

   

  “Restricted Payments”: as defined in Section 7.6.

   

  “Revolver Extension Request”: as defined in Section 2.26(b).

   

  “Revolver Extension Series”: as defined in Section 2.26(b).

   

  “Revolving Commitment”: as to any Revolving Lender, the obligation of such Revolving Lender, if any, to make Revolving Loans and participate in Swingline Loans
    and Letters of Credit in an aggregate principal and/or face amount not to exceed the amount set forth under the heading “Revolving Commitment” opposite such Lender’s name on Schedule 1.1A or in the Assignment and Assumption pursuant to which such
    Lender became a party hereto, as the same may be changed from time to time pursuant to the terms hereof. The initial amount of the Total Revolving Commitments is $150,000,000.

   

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

   

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

   

  “Revolving Facility”: the Revolving Commitments and the extensions of credit made thereunder.

   

  “Revolving Lender”: each Lender that has a Revolving Commitment or that holds Revolving Loans, including each Lender that became a party hereto as of the
    Effective Date.

   

  “Revolving Loans”: as defined in Section 2.6(a).

   

  “Revolving Percentage”: as to any Revolving Lender at any time, the percentage which such Lender’s Revolving Commitment then constitutes of the Total Revolving
    Commitments (or, at any time after the Revolving Commitments shall have expired or terminated, the percentage which the aggregate principal amount of such Lender’s Revolving Extensions of Credit then outstanding constitutes of the aggregate principal
    amount of the Revolving Extensions of Credit then outstanding).

   

  “Revolving Termination Date”: the date which is the earlier to occur of (a) the fifth anniversary of the Closing Date and (b) the date on which the Revolving
    Commitments are terminated.

   

  
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  “RFR Borrowing”: as to any Borrowing, the RFR Loans comprising such Borrowing.

   

  “RFR Loan”: a Loan that bears interest at a rate based on the Adjusted Daily Simple SOFR.

   

  “Sanctioned Country”: at any time, a country, region or territory which is itself the subject or target of any Sanctions (on the Effective Date, Cuba, Iran,
    North Korea, Syria, the Crimea Region of Ukraine, the so-called Donetsk People’s Republic, and the so-called Luhansk People’s Republic).

   

  “Sanctioned Person”: at any time, (a) any Person listed in any Sanctions-related list of designated Persons maintained by the Office of Foreign Assets Control
    of the U.S. Department of the Treasury or the U.S. Department of State or by the United Nations Security Council, the European Union or Her Majesty’s Treasury of the United Kingdom, (b) any Person located, organized or resident in a Sanctioned Country
    or (c) any Person that is deemed to be a target of Sanctions based on the direct or indirect ownership or control of such entity by any other Sanctioned Person.

   

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

   

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

   

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

   

  “Security Documents”: the collective reference to the Collateral Agreement, any Applicable Intercreditor Agreement, the Intellectual Property Security
    Agreement, the Intellectual Property Security Agreement Supplements, and all other security documents hereafter delivered by any Loan Party to the Administrative Agent granting a Lien on any property of such Loan Party to secure the obligations and
    liabilities of such Loan Party under any Loan Document.

   

  “Senior Secured Leverage Ratio”: with respect to any date of determination, the ratio of (x) Consolidated Total Debt that is secured by a Lien on the Collateral
    as of such date less Netted Cash as of such date to (y) Consolidated EBITDA of the Parent and its Subsidiaries for the applicable Test Period.

   

  “Separation”: as defined in the recitals hereto.

   

  “Separation and Distribution Agreement”: as defined in the recitals hereto.

   

  “Shared Incremental Amount”: as of any date of determination, (a) the greater of (x) $300,000,000 and (y) 100.0% of Consolidated EBITDA for the most recently
    ended Test Period calculated on a Pro Forma Basis minus (b) the aggregate principal amount of all Incremental Facilities, Incremental Equivalent Debt, Ratio Debt and/or Incurred Acquisition Debt incurred or issued in reliance on the Shared
    Incremental Amount outstanding on such date, in each case after giving effect to any reclassification of any such Indebtedness as having been incurred under clause (c) of the definition of “Incremental Cap” hereunder or clauses (l)(ii) or
    (p)(i)(B) of Section 7.2, as applicable.

   

  “Significant Subsidiary”: at any time any Subsidiary, which at such time would meet the definition of “significant subsidiary” in Regulation S-X promulgated by
    the SEC.

   

  
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  “SOFR”: a rate equal to the secured overnight financing rate as administered by the SOFR Administrator.

   

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

   

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

   

  “SOFR Determination Date” has the meaning specified in the definition of “Daily Simple SOFR”.

   

  “SOFR Rate Day” has the meaning specified in the definition of “Daily Simple SOFR”.

   

  “Solvent”: when used with respect to any Person, as of any date of determination, (a) the amount of the “present fair saleable value” of the assets of such
    Person and its consolidated Subsidiaries will, as of such date, exceed the amount of all “liabilities of such Person and its consolidated Subsidiaries, contingent or otherwise”, as of such date, as such quoted terms are determined in accordance with
    applicable federal and state laws governing determinations of the insolvency of debtors, (b) the present fair saleable value of the assets of such Person and its consolidated Subsidiaries will, as of such date, be greater than the amount that will be
    required to pay the liability of such Person and its consolidated Subsidiaries on their debts as such debts become absolute and matured, (c) such Person and its consolidated Subsidiaries will not have, as of such date, an unreasonably small amount of
    capital with which to conduct their business, and (d) such Person and its consolidated Subsidiaries will be able to pay their debts as they mature in the ordinary course of business.

   

  “Special Purpose Finance Subsidiary”: a special purpose entity organized under the laws of any state of the United States of America that is formed by the
    Parent or any of its Subsidiaries for the purpose of incurring Indebtedness the proceeds of which will be placed in escrow, pending the use of such proceeds, to effect transactions that at the time such proceeds are released from escrow are permitted
    hereunder.

   

  “Specified Representations”: the representations and warranties of the Company contained in Sections 4.3(a) and (d) (solely with respect to the Patriot Act) (in
    each case, with respect to the Company), 4.4(a), (b) and (d) (in each case, as it relates to execution, delivery and performance of this Agreement by the Company), 4.4(e) (as it relates to the enforceability of this Agreement against the Company),
    4.5(a) (limited to the execution, delivery and performance of this Agreement by the Company and the incurrence of any Borrowing on the Closing Date), 4.12, 4.15 (with respect to the Company), 4.21 and the last sentence of Section 4.22 (limited (x) with
    respect to any Anti-Corruption Laws, to those described in clause (a) of the definition thereof and (y) to any Borrowing on the Closing Date).

   

  “Specified Transaction”: with respect to any period, any merger, Investment, Disposition, incurrence, assumption or repayment of Indebtedness (including the
    incurrence of Incremental Facilities), Restricted Payment or designation of a Subsidiary as an Unrestricted Subsidiary or of an Unrestricted Subsidiary as a Subsidiary or other event that by the terms of this Agreement requires “pro forma compliance”
    with a test or covenant hereunder or requires such test or covenant to be calculated on a “Pro Forma Basis”.

   

  “SpinCo Business”: as defined in the Separation and Distribution Agreement.

   

  
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  “Spinco Cash Distribution”: as defined in the recitals hereto.

   

  “SpinCo Financial Information”: collectively, the audited combined financial statements of the SpinCo Business, which comprise the combined balance sheet as of
    December 31, 2021 and 2020, and the related combined statements of income, of comprehensive income, of changes in equity and of cash flows for each of the three years in the period ended December 31, 2021, and any additional historical financial
    statements of the SpinCo Business delivered pursuant to Section 5.2(d).

   

  “Spinco Securities”: the Company’s $350.0 million in aggregate principal amount of unsecured senior notes to be issued on or prior to the Closing Date.

   

  “Sterling” or “£”: the lawful currency of the United Kingdom of Great Britain and Northern Ireland.

   

  “Subordinated Indebtedness”: of any Person, any Indebtedness of such Person that is contractually subordinated in right of payment to any other Indebtedness of
    such Person.

   

  “Subsidiary”: as to any Person, a corporation, partnership, limited liability company or other entity of which shares of stock or other ownership interests
    having ordinary voting power (other than stock or such other ownership interests having such power only by reason of the happening of a contingency) to elect a majority of the board of directors or other managers of such corporation, partnership or
    other entity are at the time owned, or the management of which is otherwise controlled, directly or indirectly through one or more intermediaries, or both, by such Person. Unless otherwise qualified (i) all references to a “Subsidiary” or to
    “Subsidiaries” in this Agreement shall refer to a Subsidiary or Subsidiaries of the Parent and (ii) Unrestricted Subsidiaries shall be deemed not to be Subsidiaries of the Parent for any and all purposes of this Agreement and the other Loan Documents.
    The term “Subsidiary” shall not include any Special Purpose Finance Subsidiary for purposes of Section 7.1 only for so long as the proceeds of the Indebtedness incurred by such Special Purpose Finance Subsidiary are held in escrow.

   

  “Subsidiary Guarantor”: each Subsidiary of the Parent other than any Excluded Subsidiary.

   

  “Subsidiary Holding Company”: as defined in Section 7.4(b).

   

  “Supply Chain Financing”: any agreement under which any bank, financial institution or other person may from time to time provide any financial accommodation to
    Parent or any Subsidiary in connection with trade payables of Parent or any Subsidiary, in each case issued for the benefit of any such bank, financial institution or such other person that has acquired such trade payables pursuant to “supply chain” or
    other similar financing for vendors and suppliers of Parent or any Subsidiaries.

   

  “Supported QFC”: as defined in Section 10.23.

   

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

   

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

   

  
    47

    
      
 

  

   

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

   

  “Swingline Commitment”: the obligation of the Swingline Lender to make Swingline Loans pursuant to Section 2.8 in an aggregate principal amount at any one time
    outstanding not to exceed $15,000,000.

   

  “Swingline Exposure”: 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 equal to its applicable Percentage of the total Swingline Exposure at such time.

   

  “Swingline Lender”: as the context may require, JPMCB, in its capacity as the lender of Swingline Loans.

   

  “Swingline Loans”: as defined in Section 2.8(a).

   

  “Swingline Participation Amount”: as defined in Section 2.9(b).

   

  “Swiss Francs”: the lawful currency of Switzerland.

   

  “Syndication Agent”: Goldman Sachs Bank USA.

   

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

   

  “Term Benchmark”: 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 Term SOFR Rate.

   

  “Term Lenders”: the Tranche A Term Lenders and any other Lender which holds a Term Loan.

   

  “Term Loan Extension Request”: as defined in ‎Section 2.26(a).

   

  “Term Loan Extension Series”: as defined in ‎Section 2.26(a).

   

  “Term Loans”: the Tranche A Term Loans and any term loans made under an Incremental Facility.

   

  “Term SOFR Determination Day”: has the meaning assigned to it under the definition of Term SOFR Reference Rate.

   

  “Term SOFR Rate”: means, with respect to any Term Benchmark Borrowing and for any tenor comparable to the applicable Interest Period, the Term SOFR Reference
    Rate at approximately 5:00 a.m., Chicago time, two U.S. Government Securities Business Days prior to the commencement of such tenor comparable to the applicable Interest Period, as such rate is published by the CME Term SOFR Administrator.

   

  
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  “Term SOFR Reference Rate”: means, for any day and time (such day, the “Term SOFR Determination Day”), with respect to any Term Benchmark Borrowing
    denominated in Dollars and for any tenor comparable to the applicable Interest Period, the rate per annum published by the CME Term SOFR Administrator and identified by the Administrative Agent as the forward-looking term rate based on SOFR. If by 5:00
    pm (New York City time) on such Term SOFR Determination Day, the “Term SOFR Reference Rate” for the applicable tenor has not been published by the CME Term SOFR Administrator and a Benchmark Replacement Date with respect to the Term SOFR Rate has not
    occurred, then, so long as such day is otherwise a U.S. Government Securities Business Day, the Term SOFR Reference Rate for such Term SOFR Determination Day will be the Term SOFR Reference Rate as published in respect of the first preceding U.S.
    Government Securities Business Day for which such Term SOFR Reference Rate was published by the CME Term SOFR Administrator, so long as such first preceding U.S. Government Securities Business Day is not more than five (5) U.S. Government Securities
    Business Days prior to such Term SOFR Determination Day.

   

  “Test Period”: for any date of determination, the most recent period of four consecutive fiscal quarters of the Parent ended prior to such date of determination
    in respect of which financial statements have been delivered to the Administrative Agent pursuant to Section 6.1 (or, prior to the delivery of any financial statements pursuant to Section 6.1, the most recent period of four consecutive fiscal quarters
    ended on or prior to the Merger Effective Time).

   

  “Ticking Fee”: as defined in ‎Section 2.10(b).

   

  “Total Leverage Ratio”: with respect to any date of determination, the ratio of (x) Consolidated Total Debt as of such date less Netted Cash as of such date to
    (y) Consolidated EBITDA of the Parent and its Subsidiaries for the applicable Test Period.

   

  “Total Revolving Commitments”: at any time, the aggregate amount of the Revolving Commitments then in effect. The Total Revolving Commitments may be increased
    or reduced from time to time pursuant to Sections 2.27 and 2.11, respectively.

   

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

   

  “Tranche A Final Maturity Date”: the date which is the fifth anniversary of the Closing Date; provided, however, if such date is not a Business Day, the Tranche
    A Final Maturity Date shall be the next preceding Business Day.

   

  “Tranche A Term Commitment”: as to any Tranche A Term Lender, the obligation of such Tranche A Term Lender to make a Tranche A Term Loan to the Company pursuant
    to Section 2.3. The initial aggregate amount of the Tranche A Term Commitments is $650,000,000 and, on the Effective Date, each Tranche A Term Lender will hold a Tranche A Term Commitment in an amount equal to the amount set forth opposite its name on
    Schedule 1.1A or, thereafter, in the Assignment and Assumption pursuant to which such Lender became a party hereto, as the same may be changed from time to time pursuant to the terms hereof.

   

  “Tranche A Term Facility”: the Tranche A Term Commitments and the extensions of credit made thereunder.

   

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

   

  
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  “Tranche A Term Loan”: as defined in Section 2.3.

   

  “Tranche A Term Percentage”: as to any Tranche A Term Lender at any time, the percentage which the aggregate principal amount of such Lender’s Tranche A Term
    Loan then outstanding constitutes of the aggregate principal amount of all of the Tranche A Term Loans then outstanding.

   

  “Transaction Agreements”: as defined in the recitals hereto.

   

  “Transactions”: as defined in the recitals hereto.

   

  “Transferee”: any Assignee or Participant.

   

  “Treaty”: the Treaty establishing the European Economic Community, being the Treaty of Rome of March 25, 1957 as amended by the Single European Act 1986 and the
    Maastricht Treaty (which was signed on February 7, 1992 and came into force on November 1, 1993) and as may from time to time be further amended, supplemented or otherwise modified.

   

  “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 Term SOFR Rate, the Alternate Base Rate or the Adjusted Daily Simple SOFR.

   

  “UCP”: with respect to any Letter of Credit, 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 time of issuance).

   

  “UK Financial Institutions”: 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”: 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.

   

  “United States” or “U.S.”: the United States of America.

   

  “Unrestricted Subsidiary”: (a) any Subsidiary of the Parent that is designated as an Unrestricted Subsidiary by the Parent pursuant to Section 6.10 subsequent
    to the Merger Effective Time and (b) any subsidiary of an Unrestricted Subsidiary.

   

  “U.S. Dollars” or “$”: dollars in lawful currency of the United States.

   

  “U.S. Government Securities Business Day”: means any day except for (i) a Saturday, (ii) a Sunday or (iii) a day on which the Securities Industry and Financial
    Markets Association recommends that the fixed income departments of its members be closed for the entire day for purposes of trading in United States government securities.

   

  “U.S. Person”: as defined in Section 2.21(f)(i).

   

  
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  “U.S. Special Resolution Regime”: as defined in Section 10.23.

   

  “U.S. Tax Compliance Certificate”: as defined in Section 2.21(f)(ii)(C).

   

  “Weighted Average Life to Maturity”: when applied to any Indebtedness at any date, the number of years obtained by dividing: (i) the sum of the products
    obtained by multiplying (a) the amount of each then remaining installment, sinking fund, serial maturity or other required payments of principal, including payment at final maturity, in respect thereof, by (b) the number of years (calculated to the
    nearest one-twelfth) that will elapse between such date and the making of such payment; by (ii) the then outstanding principal amount of such Indebtedness; provided that, for purposes of determining the Weighted Average Life to Maturity of any
    Indebtedness that is being extended, replaced, refunded, refinanced, renewed or defeased, the effect of any amortization or prepayment prior to the date of the applicable extension, replacement, refunding, refinancing, renewal or defeasance shall be
    disregarded.

   

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

   

  “Withholding Agent”: any Loan Party and the Administrative Agent.

   

  “Write-Down and Conversion Powers”: (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.

   

  “Yen”: the lawful currency of Japan.

   

  1.2           Other Definitional Provisions.

   

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

   

  (b)           As used herein and in the other Loan Documents, and any certificate or
    other document made or delivered pursuant hereto or thereto, (i) accounting terms relating to the Parent and its Subsidiaries not defined in Section 1.1 and accounting terms partly defined in Section 1.1, to the extent not defined, shall have the
    respective meanings given to them under GAAP, (ii) the words “include,” “includes” and “including” shall be deemed to be followed by the phrase “without limitation,” (iii) the word “incur” shall be construed to mean incur, create, issue, assume, become
    liable in respect of or suffer to exist (and the words “incurred” and “incurrence” shall have correlative meanings), and (iv) the words “asset” and “property” shall be construed to have the same meaning and effect and to refer to any and all tangible
    and intangible assets and properties, including cash, Capital Stock, securities, revenues, accounts, leasehold interests and contract rights.

   

  
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  (c)           The words “hereof,” “herein” and “hereunder” and words of similar import
    when used in this Agreement shall refer to this Agreement as a whole and not to any particular provision of this Agreement, and Section, Schedule and Exhibit references are to this Agreement unless otherwise specified. Unless the context otherwise
    requires, the word “or” shall not be exclusive.

   

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

   

  (e)           Notwithstanding any 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 (i) any election under Accounting Standards Codification 825-10-25 (previously referred
    to as Statement of Financial Accounting Standards 159) (or any other Accounting Standards Codification, International Accounting Standard or Financial Accounting Standard having a similar result or effect) to value any Indebtedness or other liabilities
    of the Parent or any subsidiary at “fair value,” as defined therein, (ii) any treatment of Indebtedness in respect of convertible debt instruments under Accounting Standards Codification 470-20 (or any other Accounting Standards Codification,
    International Accounting Standard or Financial Accounting Standard having a similar result or effect) to value any such Indebtedness in a reduced or bifurcated manner as described therein, and such Indebtedness shall at all times be valued at the full
    stated principal amount thereof and (iii) the application of Accounting Standards Codification 480, 815, 805 and 718 (to the extent these pronouncements under Accounting Standards Codification 718 result in recording an equity award as a liability on
    the consolidated balance sheet of the Parent and its Subsidiaries in the circumstance where, but for the application of the pronouncements, such award would have been classified as equity).

   

  (f)            Notwithstanding anything to the contrary herein, no Default or Event of
    Default shall arise as a result of any limitation or threshold set forth in U.S. Dollars in Section 7 or Section 8 (or in any defined term used in any such Section) being exceeded solely as a result of changes in currency exchange rates from the
    currency exchange rates applicable at the time or times the relevant transaction was entered into or designated as a Cash Management Obligation or relevant event occurred provided that, for purposes of determining whether a new transaction or
    designation or event complies with or exceeds any such limitation or threshold set forth in U.S. Dollars in Section 7 or Section 8 (or in any defined term used in any such Section), the then current currency exchange rates shall be applied to all
    previous transactions or designations or events made or determined in reliance on such limitation.

   

  (g)           The headings, subheadings and table of contents used herein or in any
    other Loan Document are solely for convenience of reference and shall not constitute a part of any such document or affect the meaning, construction or effect of any provision thereof.

   

  1.3           Currency Conversion.

   

  (a)           If more than one currency or currency unit are at the same time
    recognized by the central bank of any country as the lawful currency of that country, then (i) any reference in the Loan Documents to, and any obligations arising under the Loan Documents in, the currency of that country shall be translated into or
    paid in the currency or currency unit of that country designated by the Administrative Agent and (ii) any translation from one currency or currency unit to another shall be at the official rate of exchange recognized by the central bank for conversion
    of that currency or currency unit into the other, rounded up or down by the Administrative Agent as it deems appropriate in its reasonable discretion.

   

  (b)           If a change in any currency of a country occurs, this Agreement shall be
    amended (and each party hereto agrees to enter into any supplemental agreement necessary to effect any such amendment) to the extent that the Administrative Agent determines such amendment to be necessary to reflect the change in currency and to put
    the Lenders and the Loan Parties in the same position, so far as possible, that they would have been in if no change in currency had occurred.

   

  
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  1.4           Terms Generally; Pro Forma
      Calculations.

   

  (a)           For purposes of determining compliance at any time with Sections 7.2,
    7.3, 7.4, 7.5, 7.6, 7.8, 7.10 and 7.15, in the event that any Indebtedness, Lien, Restricted Payment, Restricted Debt Payment, Investment, Disposition and/or Affiliate transactions or portion thereof, as applicable, at any time meets the criteria of
    more than one of the categories of transactions or items permitted pursuant to any clause of such Sections 7.2 (other than Section 7.2(a), 7.2(c) and 7.2(q)), 7.3 (other than Section 7.3(j)), 7.4, 7.5, 7.6, 7.8 and 7.15 (each of the foregoing, a “Reclassifiable

      Item”), the Parent, in its sole discretion, may, from time to time, divide, classify or reclassify such Reclassifiable Item (or portion thereof) under one or more clauses of each such Section and will only be required to include such
    Reclassifiable Item (or portion thereof) in any one category; provided that, upon delivery of any financial statements pursuant to Section 6.1 following the initial incurrence or making of any such Reclassifiable Item, if such Reclassifiable
    Item could, based on such financial statements, have been incurred or made in reliance on any “ratio-based” basket or exception, such Reclassifiable Item shall automatically be reclassified as having been incurred or made under the applicable
    provisions of such “ratio-based” basket or exception, as applicable (in each case, subject to any other applicable provision of such “ratio-based” basket or exception, as applicable). It is understood and agreed that any Indebtedness, Lien, Restricted
    Payment, Restricted Debt Payment, Investment, Disposition and/or Affiliate transaction need not be permitted solely by reference to one category of permitted Indebtedness, Lien, Restricted Payment, Restricted Debt Payment, Investment, Disposition
    and/or Affiliate transaction under Sections 7.2, 7.3, 7.4, 7.5, 7.6, 7.8, 7.10 and 7.15, respectively, but may instead be permitted in part under any combination thereof or under any other available exception.

   

  (b)           Notwithstanding anything to the contrary herein, but subject to Sections
    1.4(c), (d) and (e) and the last paragraph of the definition of “Pro Forma Basis”, all financial ratios and tests (including the First Lien Leverage Ratio, the Senior Secured Leverage Ratio, the Total Leverage Ratio, the Consolidated Interest Coverage
    Ratio and the amount of Consolidated Net Income and Consolidated EBITDA contained in this Agreement that are calculated with respect to any applicable Test Period during which any Specified Transaction occurs) shall be calculated with respect to such
    applicable Test Period and such Specified Transaction on a Pro Forma Basis. Further, if since the beginning of any such applicable Test Period and on or prior to the date of any required calculation of any financial ratio or test (x) any Specified
    Transaction has occurred or (y) any Person that subsequently became a Subsidiary or was merged, amalgamated or consolidated with or into the Parent or any of its Subsidiaries since the beginning of such applicable Test Period has consummated any
    Specified Transaction, then, in each case, any applicable financial ratio or test shall be calculated on a Pro Forma Basis for such applicable Test Period as if such Specified Transaction had occurred at the beginning of the applicable Test Period.

   

  (c)           For purposes of determining the permissibility of any action, change,
    transaction or event that requires a calculation of any financial ratio or financial test (including any First Lien Leverage Ratio test, any Senior Secured Leverage Ratio test, any Total Leverage Ratio test and/or any Consolidated Interest Coverage
    Ratio test) and/or the amount of Consolidated EBITDA or Consolidated Net Income, such financial ratio, financial test or amount shall, subject to clause (d) below, be calculated at the time such action is taken, such change is made, such transaction is
    consummated or such event occurs, as the case may be, and no Default or Event of Default shall be deemed to have occurred solely as a result of a change in such financial ratio, financial test or amount occurring after the time such action is taken,
    such change is made, such transaction is consummated or such event occurs, as the case may be.

   

  
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  (d)           Notwithstanding anything to the contrary herein (including in connection
    with any calculation made on a Pro Forma Basis), to the extent that the terms of this Agreement require (i) compliance with any financial ratio or financial test (including any First Lien Leverage Ratio test, any Senior Secured Leverage Ratio test, any
    Total Leverage Ratio test and/or any Consolidated Interest Coverage Ratio test) and/or any cap expressed as a percentage of Consolidated Net Income or Consolidated EBITDA, (ii) accuracy of any representation or warranty or the absence of a Default or
    Event of Default (or any type of default or event of default), in each case other than for purposes of the making of any Revolving Extension of Credit (other than under an Incremental Revolving Facility and to the extent not prohibited by the terms of
    the applicable Incremental Facility Amendment) or (iii) compliance with any basket or other condition, as a condition to (A) the consummation of any acquisition, or Investment (whether by merger, amalgamation, consolidation or other business
    combination or the acquisition of Capital Stock or otherwise, the consummation of which by the Parent is not conditioned on the availability of, or obtaining, third party financing), (B) the redemption, repurchase, defeasance, satisfaction and
    discharge or repayment of Indebtedness, Disqualified Stock or Preferred Stock requiring notice in advance of such redemption, repurchase, satisfaction and discharge or repayment and (C) any any transaction entered into in connection with a transaction
    described in the foregoing (A) or (B) (clauses (A), (B) and (C), collectively, a “Limited Condition Transaction”), the determination of whether the relevant condition is satisfied may be made, at the election of the Parent, (I) in the case of
    any such acquisition, consolidation, business combination or similar Investment, at the time of (or on the basis of the most recent financial statements delivered pursuant to Section 6.1) either (x) the execution of a letter of intent or the definitive
    agreement with respect to such acquisition, consolidation, business combination, similar Investment (or, solely in connection with an acquisition, consolidation or business combination to which the United Kingdom City Code on Takeovers and Mergers
    applies, the date on which a “Rule 2.7 Announcement” of a firm intention to make an offer) or the establishment of a commitment with respect to such Indebtedness or (y) the consummation of such acquisition, consolidation, business combination or
    Investment and (II) in the case of any redemption, repurchase, defeasance, satisfaction and discharge or repayment of Indebtedness, at the time of (or on the basis of the most recent financial statements delivered pursuant to Section 6.1 at the time
    of) (x) delivery of irrevocable notice with respect to such redemption, repurchase, defeasance, satisfaction and discharge or repayment of Indebtedness or (y) the redemption, repurchase, defeasance, satisfaction and discharge or repayment of such
    Indebtedness, in each case, after giving effect on a Pro Forma Basis to the relevant acquisition, consolidation, business combination or similar Investment and/or Restricted Debt Payment, incurrence of Indebtedness or other transaction (including the
    intended use of proceeds of any Indebtedness to be incurred in connection therewith) and any other acquisition, consolidation, business combination or similar Investment, redemption, repurchase, defeasance, satisfaction and discharge or repayment of
    Indebtedness, incurrence of Indebtedness or other transaction that has not been consummated but with respect to which the Parent has elected to test any applicable condition prior to the date of consummation in accordance with this Section 1.4(d), and
    no Default or Event of Default shall be deemed to have occurred solely as a result of an adverse change in such test or condition occurring after the time such election is made (but any subsequent improvement in the applicable ratio, test or amount may
    be utilized by the Parent or any Subsidiary). For the avoidance of doubt, if the Parent shall have elected the option set forth in clause (x) of any of the preceding clauses (I) or (II) in respect of any transaction, then (i) the Parent shall be
    permitted to consummate such transaction even if any applicable test or condition shall cease to be satisfied subsequent to the Parent’s election of such option and (ii) any further determination with respect to incurrence tests prior to the earlier of
    the consummation of such Limited Condition Transaction and the termination of such Limited Condition Transaction will require the Parent to comply with such tests on a Pro Forma Basis assuming the applicable Limited Condition Transactions have been
    consummated and indebtedness has been incurred (including any applicable incurrence or extinguishment of indebtedness). The provisions of this paragraph (d) shall also apply in respect of the incurrence of any Incremental Facility.

   

  
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  (e)           Notwithstanding anything to the contrary herein, unless the Parent
    otherwise notifies the Administrative Agent, with respect to any amount incurred (including under Section 2.27 (including the definition of Incremental Cap used therein)) or transaction entered into (or consummated) in reliance on a provision of this
    Agreement that does not require compliance with a financial ratio or financial test (including any First Lien Leverage Ratio test, any Senior Secured Leverage Ratio test, any Total Leverage Ratio test and/or any Consolidated Interest Coverage Ratio
    test) (any such amount, including any amount drawn under the Revolving Facility, any or any other permitted revolving facility and any cap expressed as a percentage of Consolidated EBITDA, 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 or financial test (including any First Lien Leverage Ratio test, any Senior Secured Leverage Ratio
    test, any Total Leverage Ratio test and/or any Consolidated Interest Coverage Ratio test) (any such amount, an “Incurrence-Based Amount”), it is understood and agreed that (i) the incurrence of the Incurrence-Based Amount shall be calculated
    first without giving effect to any Fixed Amount but giving full pro forma effect to the use of proceeds of such Fixed Amount and the related transactions and (ii) the incurrence of the Fixed Amount shall be calculated thereafter. Unless the Parent
    elects otherwise, the Parent shall be deemed to have used amounts under an Incurrence-Based Amount then available to the Parent prior to utilization of any amount under a Fixed Amount then available to the Parent.

   

  (f)            The principal amount of any non-interest bearing Indebtedness or other
    discount security constituting Indebtedness at any date shall be the principal amount thereof that would be shown on a balance sheet of the Parent dated such date prepared in accordance with GAAP.

   

  (g)           The increase in any amount of Indebtedness or any increase in any amount
    secured by any Lien by virtue of the accrual of interest, the accretion of accreted value, the payment of interest or a dividend in the form of additional Indebtedness, amortization of original issue discount and/or any increase in the amount of
    Indebtedness outstanding solely as a result of any fluctuation in the exchange rate of any applicable currency shall be deemed to be permitted Indebtedness for purposes of Section 7.2 and will be deemed not to be the granting of a Lien for purposes of
    Section 7.3.

   

  (h)           For purposes of determining compliance with Section 7.2 or Section 7.3,
    if any Indebtedness or Lien is incurred in reliance on a basket measured by reference to a percentage of Consolidated EBITDA, and any refinancing or replacement thereof would cause the percentage of Consolidated EBITDA to be exceeded if calculated
    based on the Consolidated EBITDA on the date of such refinancing or replacement, such percentage of Consolidated EBITDA will be deemed not to be exceeded so long as the principal amount of such refinancing or replacement Indebtedness or other
    obligation does not exceed an amount sufficient to repay the principal amount of such Indebtedness or other obligation being refinanced or replaced, except by an amount equal to (x) unpaid accrued interest, penalties and premiums (including tender,
    prepayment or repayment premiums) thereon plus underwriting discounts and other customary fees, commissions and expenses (including upfront fees, original issue discount or initial yield payment) incurred in connection with such refinancing or
    replacement, (y) any existing commitments unutilized thereunder and (z) additional amounts permitted to be incurred under Section 7.2 and, to the extent secured by a Lien, Section 7.3 (and, in each case, the applicable clause of Section 7.2 and
    Section 7.3 shall be deemed to be utilized by the amount so incurred).

   

  (i)            For the avoidance of doubt, for purposes of determining compliance with
    Section 7.2(h), (j), (l), (n) and (p) and any other comparable provision of Section 7.2, a Permitted Refinancing in respect of Indebtedness incurred pursuant to a U.S. Dollar-denominated or Consolidated EBITDA-governed basket shall not increase
    capacity to incur Indebtedness under such U.S. Dollar-denominated or EBITDA-governed basket, and such U.S. Dollar-denominated or EBITDA-governed basket shall be deemed to continue to be utilized by the amount of the original Indebtedness incurred
    unless and until the Indebtedness incurred to effect such Permitted Refinancing is no longer outstanding.

   

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

   

  (k)           For all purposes under the Loan Documents, in connection with any
    division or plan of division under Delaware law: (i) 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 (ii) if any new Person comes into existence, such new Person shall be deemed to have been organized and acquired (or, if such subsequent Person ceases to be a Subsidiary of the original Person, disposed of) on the
    first date of its existence by the holders of its Capital Stock at such time.

   

  1.5           [Reserved].

   

  1.6           Interest Rates; Benchmark
      Notification. The interest rate on a Loan denominated in dollars may be derived from an interest rate benchmark that may be discontinued or is, or may in the future become, the subject of regulatory reform. Upon the occurrence of a Benchmark
    Transition Event, Section 2.18 provides a mechanism for determining an alternative rate of interest. The Administrative Agent does not warrant or accept any responsibility for, and shall not have any liability with respect to, the administration,
    submission, performance or any other matter related to any interest rate used in this Agreement, 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, or produce the same value or economic equivalence of, the existing interest rate being replaced or have the same volume or liquidity as did any
    existing interest rate prior to its discontinuance or unavailability. The Administrative Agent and its affiliates and/or other related entities may engage in transactions that affect the calculation of any interest rate used in this Agreement or any
    alternative, successor or alternative rate (including any Benchmark Replacement) and/or any relevant adjustments thereto, in each case, in a manner adverse to the Borrower. The Administrative Agent may select information sources or services in its
    reasonable discretion to ascertain any interest rate used in this Agreement, any component thereof, or rates referenced in the definition thereof, in each case pursuant to the terms of this Agreement, and shall have no liability to the Borrower, any
    Lender or any other person or entity for damages of any kind, including direct or indirect, special, punitive, incidental or consequential damages, costs, losses or expenses (whether in tort, contract or otherwise and whether at law or in equity), for
    any error or calculation of any such rate (or component thereof) provided by any such information source or service.

   

  Section 2.          AMOUNT

    AND TERMS OF LOANS AND COMMITMENTS

   

  2.1           [Reserved].

   

  2.2           [Reserved].

   

  2.3           Tranche A Term Commitments.
    Subject to the terms and conditions hereof, each Tranche A Term Lender severally agrees to make a term loan denominated in U.S. Dollars (a “Tranche A Term Loan”) to the Company in one single installment on the Closing Date in an amount not to
    exceed such Tranche A Term Lender’s Tranche A Term Commitment. The Tranche A Term Loans may from time to time be Term Benchmark Loans or ABR Loans, as determined by the Company and notified to the Administrative Agent in accordance with Sections 2.4
    and 2.14, or pursuant to Section 2.18, RFR Loans.

   

  
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  2.4           Procedure for Tranche A Term Loan
      Borrowing. The Company shall give the Administrative Agent irrevocable notice (which notice must be received by the Administrative Agent prior to 12:00 Noon, New York City time, on the anticipated Closing Date in the case of ABR Loans or one U.S.
    Government Securities Business Day prior to the anticipated Closing Date in the case of Term Benchmark Loans) requesting that the Tranche A Term Lenders make the Tranche A Term Loans on the Closing Date and specifying (i) the amount and the Type of
    Loans to be borrowed, (ii) the anticipated Closing Date and (iii) in the case of Term Benchmark Loans, the length of the initial Interest Period therefor. Each such Borrowing shall be in an amount equal to (x) in the case of ABR Loans, $1,000,000 or a
    whole multiple thereof and (y) in the case of Term Benchmark Loans, $5,000,000 or a whole multiple of $1,000,000 in excess thereof. Upon receipt of such notice of Borrowing the Administrative Agent shall promptly notify each Tranche A Term Lender
    thereof. Each Tranche A Term Lender will make the amount of its Tranche A Term Loan available to the Administrative Agent for the account of the Company at the Funding Office prior to 2:00 p.m., New York City time, on the Closing Date. Such Borrowing
    will then be made available to the Company by the Administrative Agent crediting the account of the Company on the books of such office with the aggregate of the amounts made available to the Administrative Agent by the Tranche A Term Lenders and in
    like funds as received by the Administrative Agent.

   

  2.5           Repayment of Term Loans. The
    Tranche A Term Loan of each Tranche A Term Lender shall be repaid (i) in 19 consecutive quarterly installments, commencing with the first full fiscal quarter ending after the Closing Date, each of which shall be in an amount equal to such Lender’s
    Tranche A Term Percentage multiplied by the amount set forth below opposite each installment (as such payments may be adjusted from time to time as a result of the application of prepayments in accordance with Section 2.12 or 2.13, an extension
    pursuant to Section 2.26 or an increase pursuant to Section 2.27, in each case subject solely to the applicable conditions set forth therein (and without, for the avoidance of doubt, the consent of any Lenders or other parties)) and (ii) on the Tranche
    A Final Maturity Date, the remainder of the principal amount of the Tranche A Term Loans outstanding on such date, together in each case with accrued but unpaid interest on the principal amount to be paid to but excluding the date of such payment:

   

  	
          Installment 

        	 	
          Amount 

        
	First full fiscal quarter after Closing Date 	 	$4,062,500
	Second fiscal quarter after Closing Date 	 	$4,062,500
	Third fiscal quarter after Closing Date 	 	$4,062,500
	Fourth fiscal quarter after Closing Date 	 	$4,062,500
	Fifth fiscal quarter after Closing Date 	 	$4,062,500
	Sixth fiscal quarter after Closing Date 	 	$4,062,500
	Seventh fiscal quarter after Closing Date 	 	$4,062,500
	Eighth fiscal quarter after Closing Date 	 	$4,062,500
	Ninth fiscal quarter after Closing Date 	 	$8,125,000
	Tenth fiscal quarter after Closing Date 	 	$8,125,000
	Eleventh fiscal quarter after Closing Date 	 	$8,125,000
	Twelfth fiscal quarter after Closing Date 	 	$8,125,000
	Thirteenth fiscal quarter after Closing Date 	 	$8,125,000
	Fourteenth fiscal quarter after Closing Date 	 	$8,125,000
	Fifteenth fiscal quarter after Closing Date 	 	$8,125,000
	Sixteenth fiscal quarter after Closing Date 	 	$8,125,000
	Seventeenth fiscal quarter after Closing Date 	 	$12,187,500
	Eighteenth fiscal quarter after Closing Date 	 	$12,187,500
	Nineteenth fiscal quarter after Closing Date 	 	$12,187,500

   

  
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  2.6           Revolving Commitments.

   

  (a)           Subject to the terms and conditions hereof, each Revolving Lender
    severally agrees to make revolving credit loans denominated in U.S. Dollars (“Revolving Loans”) to the Borrowers, in each case from time to time at such Borrower’s request during the Revolving Commitment Period in an aggregate principal amount
    at any one time outstanding which, when added to the sum of (i) such Lender’s Revolving Percentage of the sum of (x) the L/C Obligations then outstanding and (y) the aggregate principal amount of the Revolving Loans then outstanding and (ii) such
    Lender’s Swingline Exposure then outstanding (which, in the case of the Swingline Lender, shall be the aggregate principal amount of all Swingline Loans outstanding at such time less the participation amounts otherwise funded by the Revolving Lenders
    other than a Swingline Lender) does not exceed the amount of such Lender’s Revolving Commitment, after giving effect to the use of proceeds of any Revolving Loans to repay any Swingline Loans. During the Revolving Commitment Period each Borrower may
    use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving Loans may from time to time be Term Benchmark Loans or ABR Loans, as
    determined by the applicable Borrower and notified to the Administrative Agent in accordance with Sections 2.7 or 2.14, or pursuant to Section 2.18, RFR Loans.

   

  (b)           Each Borrower shall repay all outstanding Revolving Loans made to such
    Borrower on the Revolving Termination Date.

   

  (c)           The Borrower may, subject to the conditions to Borrowing set forth
    herein, request that any such repayment of a Swingline Loan be financed with the proceeds of a Borrowing under the Revolving Facility, upon which the Borrower’s obligation to make such repayment of such Swingline Loan shall be satisfied by the
    resulting borrowing under the Revolving Facility.

   

  2.7           Procedure for Revolving Loan
      Borrowing.

   

  (a)           Subject to the terms and conditions hereof, each Borrower may borrow
    Revolving Loans under the Revolving Commitments during the Revolving Commitment Period on any Business Day prior to the Revolving Termination Date; provided that such Borrower shall give the Administrative Agent irrevocable notice (which notice
    must be received by the Administrative Agent (a) prior to 12:00 Noon, New York City time, three U.S. Government Securities Business Days prior to the requested Borrowing Date, in the case of Term Benchmark Loans, (b) prior to 12:00 Noon, New York City
    time, on the requested Borrowing Date, in the case of ABR Loans or (c) if available pursuant to Section 2.18, prior to 11:00 a.m., New York City time, three U.S. Government Securities Business Days prior to the requested Borrowing Date, in the case of
    RFR Loans), specifying (i) the amount and the Type of Loans to be borrowed, (ii) the requested Borrowing Date and (iii) in the case of Term Benchmark Loans, the initial Interest Period therefor. Each such Borrowing of Revolving Loans shall be in an
    amount equal to (x) in the case of ABR Loans or RFR Loans, $1,000,000 or a whole multiple thereof (or, if the then aggregate Available Revolving Commitments are less than $1,000,000, such lesser amount) and (y) in the case of Term Benchmark Loans,
    $5,000,000 or a whole multiple of $1,000,000 in excess thereof, respectively; provided further that not greater than $0 (exclusive of any usage of the Revolving Facility for working capital) of the Revolving Facility shall be available on the
    Closing Date to fund the Transactions (including payment of related fees and expenses). Upon receipt of any such notice of Borrowing under the Revolving Facility from a Borrower, the Administrative Agent shall promptly notify each Lender under the
    Revolving Facility thereof. In the case of a Borrowing under the Revolving Facility, each Revolving Lender will make the amount of its Revolving Percentage of such Borrowing of Revolving Loans available to the Administrative Agent for the account of
    such Borrower at the Funding Office prior to 2:00 p.m., New York City time, on the Borrowing Date requested by such Borrower in funds immediately available to the Administrative Agent. Such Borrowing will then be made available to such Borrower by the
    Administrative Agent crediting the account of such Borrower on the books of such office with the aggregate of the amounts made available to the Administrative Agent by the Revolving Lenders and in like funds as received by the Administrative Agent.

   

  
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  (b)           [Reserved].

   

  (c)           Each Lender may, at its option, make any Loan available to any Borrower
    by causing any foreign or domestic branch or Affiliate of such Lender to make such Loan; provided that any exercise of such option shall not affect the obligation of such Borrower to repay such Loan in accordance with the terms of this
    Agreement.

   

  2.8           Swingline Commitments.

   

  (a)           Subject to the terms and conditions hereof, the Swingline Lender agrees,
    solely on a discretionary basis if it so elects, to make a portion of the credit otherwise available to a Borrower under the Revolving Commitments by making swing line loans to such Borrower denominated in U.S. Dollars (the “Swingline Loans”); provided
    that no Borrower shall request, and the Swingline Lender shall not make, any Swingline Loan if, after giving effect to the making of such Swingline Loan (i) the aggregate amount of the Available Revolving Commitments would be less than zero, (ii) the
    aggregate amount of all Swingline Loans would exceed the Swingline Commitment or (iii) the sum of (x) the Swingline Exposure of such Swingline Lender (which shall be the aggregate principal amount of all Swingline Loans outstanding at such time less
    the participation amounts otherwise funded by the Revolving Lenders other than a Swingline Lender), (y) the aggregate principal amount of outstanding Revolving Loans made by such Swingline Lender (in its capacity as a Revolving Lender) and (z) the L/C
    Exposure of such Swingline Lender (in its capacity as a Revolving Lender) shall not exceed its Revolving Commitment then in effect. During the Revolving Commitment Period, each Borrower may use the Swingline Commitment by borrowing, repaying and
    reborrowing, all in accordance with the terms and conditions hereof. Swingline Loans shall be ABR Loans only.

   

  (b)           The applicable Borrower shall repay to the Swingline Lender the then
    unpaid principal amount of each Swingline Loan no later than the earlier of (a) the tenth Business Day after the making of such Swingline Loan and (b) the Revolving Termination Date.

   

  2.9           Procedure for Swingline
      Borrowing; Refunding of Swingline Loans.

   

  (a)           Whenever a Borrower desires that the Swingline Lender make Swingline
    Loans, it shall give the Swingline Lender irrevocable telephonic notice confirmed promptly in writing (which telephonic notice must be received by the Swingline Lender not later than 2:00 p.m. New York City time on the proposed Borrowing Date),
    specifying (i) the amount to be borrowed and (ii) the requested Borrowing Date (which shall be a Business Day during the Revolving Commitment Period). Each Borrowing under the Swingline Commitment shall be in an amount equal to $100,000 or a whole
    multiple of $100,000 in excess thereof. Not later than 3:00 p.m. New York City time on the Borrowing Date specified in a notice in respect of Swingline Loans, the Swingline Lender, if it so elects, shall make available to the Administrative Agent at
    the Funding Office an amount in immediately available funds equal to the amount of the Swingline Loan to be made by the Swingline Lender. The Administrative Agent shall make the proceeds of such Swingline Loan available to the applicable Borrower on
    such Borrowing Date by depositing such proceeds in the account of the applicable Borrower with the Administrative Agent on such Borrowing Date in immediately available funds.

   

  
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  (b)           The Swingline Lender, at any time and from time to time in its sole and
    absolute discretion may, require each Revolving Lender to purchase for cash an undivided participating interest in the then outstanding Swingline Loans made by the Swingline Lender by paying to the Swingline Lender an amount (the “Swingline
      Participation Amount”) equal to (i) such Revolving Lender’s Revolving Percentage times (ii) the sum of the aggregate principal amount of Swingline Loans made by the Swingline Lender then outstanding.

   

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

   

  (d)           Each Revolving Lender’s obligation to purchase participating interests
    pursuant to Section 2.9(b) shall be absolute and unconditional and shall not be affected by any circumstance, including (i) any setoff, counterclaim, recoupment, defense or other right that such Revolving Lender or any Borrower may have against the
    Swingline Lender, any Borrower or any other Person for any reason whatsoever; (ii) the occurrence or continuance of a Default or the failure to satisfy any of the other conditions specified in Section 5; (iii) any adverse change in the condition
    (financial or otherwise) of any Borrower; (iv) any breach of this Agreement or any other Loan Document by any Borrower, any other Loan Party or any other Lender; or (v) any other circumstance, happening or event whatsoever, whether or not similar to
    any of the foregoing.

   

  (e)           If the maturity date shall have occurred in respect of any tranche of
    Revolving Commitments at a time when another Class(es), tranche(s) or series of Revolving Commitments is or are in effect with a longer maturity date (each, a “Non-Expiring Credit Commitment” and collectively, the “Non-Expiring Credit
      Commitments”), then with respect to each outstanding Swingline Loan, if consented to by the Swingline Lender, on the earliest occurring maturity date, such Swingline Loan shall be deemed reallocated to the Class(es), tranche(s) or series of the
    Non-Expiring Credit Commitments on a pro rata basis; provided that to the extent that the amount of such reallocation would cause the aggregate credit exposure to exceed the aggregate amount of such Non-Expiring Credit Commitments, immediately
    prior to such reallocation the amount of Swingline Loans to be reallocated equal to such excess shall be repaid. Upon the maturity date of any tranche of Revolving Commitments, the sublimit for Swingline Loans may be reduced as agreed between the
    Swingline Lender and the Parent, without the consent of any other Person.

   

  2.10         Commitment Fees, Ticking Fee, etc.

   

  (a)           The Borrowers agree to pay to the Administrative Agent for the account
    of each Revolving Lender a commitment fee for the period from and including the Closing Date to the last day of the Revolving Commitment Period, computed at the Commitment Fee Rate on the average daily Available Revolving Commitment of such Lender
    during the period for which payment is made, payable quarterly in arrears on the fifteenth Business Day of each January, April, July and October and on the Revolving Termination Date, commencing on the first of such dates to occur after the Closing
    Date.

   

  
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  (b)           The Company agrees to pay to the Administrative Agent, for the ratable
    account of the Tranche A Term Lenders, a ticking fee (the “Ticking Fee”) (for the avoidance of doubt, without duplication of the “Ticking Fee” (as defined in the Fee Letter) it being understood and agreed that the Ticking Fee set forth herein is
    the “Ticking Fee” set forth in the Fee Letter) that will accrue on the undrawn portion of the aggregate principal (i.e., face) amount of the Tranche A Term Commitments in effect from time to time during the period from and including September 1,
    2022 to but excluding the Closing Date (or, if earlier, the date on which all commitments in respect of the Term Loan A Facility have been terminated), at a rate per annum equal to 0.35% during such period. Such Ticking Fee shall be calculated
    on the basis of the actual number of days elapsed in a 360-day year and shall be payable to the Administrative Agent on the earlier of (x) the date on which all Tranche A Term Commitments have been terminated and (y) the Closing Date (or if such date
    is not a Business Day, then on the next following Business Day).

   

  (c)           The Borrowers agree to pay to the Administrative Agent the agency fee in
    the amount and on the dates previously agreed to in writing by the Parent and the Administrative Agent.

   

  2.11         Termination or Reduction of
      Commitments. The Parent shall have the right, upon not less than three Business Days’ notice (or shorter notice period approved by the Administrative Agent) to the Administrative Agent, to terminate the Revolving Commitments or the Tranche A Term
    Commitments, from time to time, to reduce the amount of the Revolving Commitments or the Tranche A Term Commitments; provided that no such termination or reduction of Revolving Commitments shall be permitted if, after giving effect thereto and
    to any prepayments of the Revolving Loans and Swingline Loans made on the effective date thereof, the Total Revolving Extensions of Credit would exceed the Total Revolving Commitments. Any such partial reduction shall be in an amount equal to
    $1,000,000, or a whole multiple thereof, and shall reduce permanently the applicable Commitments then in effect. Each reduction of the Revolving Commitments shall be made ratably among the Revolving Lenders in accordance with their respective Revolving
    Commitments and each reduction of the Tranche A Term Commitments shall be made ratably among the Tranche A Term Lenders in accordance with their respective Tranche A Term Commitment. Notwithstanding the foregoing, the Parent may rescind or postpone any
    notice of termination of any of the Commitments if such termination would have resulted from a refinancing of all or any portion of any Facility or Facilities, which refinancing shall not be consummated or otherwise shall be delayed. To the extent not
    previously terminated, all unused Tranche A Term Commitments hereunder shall terminate on the earlier of (i) the Closing Date (after giving effect to the Loans made on such date) and (ii) 11:59 p.m. (New York City time) on the date that is five
    Business Days after the Outside Date (as defined in and determined in accordance with the terms of the Merger Agreement as in effect on December 13, 2021). To the extent not previously terminated, all Revolving Commitments shall terminate at 11:59 p.m.
    (New York City time) on the date that is five Business Days after the Outside Date (as defined in and determined in accordance with the terms of the Merger Agreement as in effect on December 13, 2021) unless the Closing Date has occurred on or prior to
    such date.

   

  2.12         Optional Prepayments. The
    Borrowers may at any time and from time to time prepay the Loans, in whole or in part, without premium or penalty (except as set forth below), upon notice delivered to the Administrative Agent (a) in the case of a prepayment of Term Benchmark Loans,
    not later than 11:00 a.m., New York City time, three Business Days before the date of prepayment, (b) on the same Business Day in the case of ABR Loans and (c) in the case of a prepayment of RFR Loans, not later than 11:00 a.m., New York City time,
    three Business Days before the date of prepayment, which notice shall specify the date and amount of prepayment and the Type of Loans to be prepaid; provided, that if a Term Benchmark Loan is prepaid on any day other than the last day of the
    Interest Period applicable thereto, such Borrower shall also pay any amounts owing pursuant to Section 2.22. Upon receipt of any such notice the Administrative Agent shall promptly notify each relevant Lender thereof. If any such notice is given, the
    amount specified in such notice shall be due and payable on the date specified therein, together with (except in the case of Revolving Loans that are ABR Loans and Swingline Loans that are ABR Loans) accrued interest to such date on the amount prepaid;
    provided that notwithstanding anything to the contrary contained in this Agreement, the Parent may rescind, or extend the date for prepayment specified in, any notice of prepayment under this Section 2.12, if such prepayment would have resulted
    from a refinancing of all or any portion of any Facility or Facilities which refinancing shall not be consummated or shall otherwise be delayed. Partial prepayments of Tranche A Term Loans and Revolving Loans shall be in an aggregate principal amount
    of $1,000,000 or a whole multiple thereof. Partial prepayments of Swingline Loans shall be in an aggregate principal amount of $100,000 or a whole multiple thereof. Any optional prepayments of the Term Loans shall be applied to the remaining
    installments thereof as selected by the Parent (or absent any such selection in the direct order of maturity).

   

  
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  2.13         Mandatory Prepayments.

   

  (a)           If, after the Merger Effective Time, any Indebtedness shall be incurred
    by the Parent or any of its Subsidiaries (other than any permitted Indebtedness incurred in accordance with Section 7.2 (except for Credit Agreement Refinancing Indebtedness which shall be applied in accordance with clause (iii) of the definition
    thereof)), an amount equal to 100.0% of the Net Cash Proceeds thereof shall be applied on the date of such issuance or incurrence toward the prepayment of the Term Loans as set forth in Section 2.13(d).

   

  (b)           If on any date after the Merger Effective Time the Parent or any of its
    Subsidiaries shall receive Net Cash Proceeds from any Asset Sale or Recovery Event then, an amount equal to 100% of the Net Cash Proceeds shall be applied on the fifth Business Day following the receipt thereof toward the prepayment of the Term Loans
    as set forth in Section 2.13(d); provided, that, notwithstanding the foregoing, at the option of the Parent, the Parent may reinvest the Net Cash Proceeds in the business of the Parent or any of its Subsidiaries within (x) 18 months following
    the receipt of such Net Cash Proceeds or (y) 24 months following the receipt of such Net Cash Proceeds, in the event that the Parent or any of its Subsidiaries shall have entered into a binding commitment within 18 months following the receipt of such
    Net Cash Proceeds to reinvest such Net Cash Proceeds in the business of the Parent or any of its Subsidiaries (it being understood that if any portion of such Net Cash Proceeds are no longer intended to be reinvested or are not reinvested within such
    24-month period, an amount equal to 100% of such Net Cash Proceeds shall be applied on the fifth Business Day after the Parent reasonably determines that such Net Cash Proceeds are no longer intended to be or are not reinvested within such 24-month
    period toward prepayment of the Term Loans as set forth in Section 2.13(d)); provided that if at the time that any such prepayment would be required, the Parent or any of its Subsidiaries is required to prepay or offer to repurchase with the
    Net Cash Proceeds of such Asset Sale or Recovery Event any Incremental Equivalent Debt, Credit Agreement Refinancing Indebtedness, Ratio Debt, Incurred Acquisition Debt or any other Indebtedness outstanding at such time, in each case that is secured by
    a Lien on the Collateral that is pari passu (but without regard to the control of remedies) with the Liens securing the Obligations pursuant to the terms of the documentation governing such Indebtedness (such Indebtedness required to be offered to be
    so repurchased, “Other Applicable Asset Sale Indebtedness”), then the Parent may apply the Net Cash Proceeds on a pro rata basis (determined on the basis of the aggregate outstanding principal amount of the Term Loans and Other Applicable Asset
    Sale Indebtedness at such time) to the prepayment of such Other Applicable Asset Sale Indebtedness; it being understood that the portion of the Net Cash Proceeds allocated to the Other Applicable Asset Sale Indebtedness shall not exceed the amount of
    the Net Cash Proceeds required to be allocated to the Other Applicable Asset Sale Indebtedness pursuant to the terms thereof (and the remaining amount, if any, of the Net Cash Proceeds shall be allocated to the Term Loans in accordance with the terms
    hereof), and the amount of the prepayment of the Term Loans that would have otherwise been required pursuant to this Section 2.13(b) shall be reduced accordingly.

   

  
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  (c)           [Reserved].

   

  (d)           The application of any prepayment pursuant to Section 2.13(a) or (b)
    shall reduce the outstanding principal amounts of the Term Loans held by the Lenders on a pro rata basis and shall be applied to the remaining scheduled principal installments thereof as directed by the Company (and, in the absence of such direction,
    in direct order of maturity). The application of any prepayment of Term Loans pursuant to this Section 2.13 shall be made, first, to ABR Loans, second, to RFR Loans and third, to Term Benchmark Loans. Each prepayment of the Loans under this Section
    2.13 shall be accompanied by accrued interest to the date of such prepayment on the amount prepaid.

   

  (e)           Each Lender may elect, by notice to the Administrative Agent at or prior
    to the time and in the manner specified by the Administrative Agent, prior to any prepayment of Term Loans required to be made by a Borrower pursuant to Section 2.13(b), to decline all (but not a portion) of its prepayment (such declined amounts, the “Declined

      Proceeds”), which Declined Proceeds may be retained by the Parent and used for any purpose not prohibited hereunder; provided that, for the avoidance of doubt, no Lender may reject any prepayment made under Section 2.13(a) above to the
    extent that such prepayment is made with the proceeds of any Credit Agreement Refinancing Indebtedness incurred to refinance all or a portion of the Term Loans. If any Lender fails to deliver a notice to the Administrative Agent of its election to
    decline receipt of its ratable percentage of any mandatory prepayment within the time frame specified by the Administrative Agent, such failure will be deemed to constitute an acceptance of such Lender’s ratable percentage of the total amount of such
    mandatory prepayment of the Term Loans.

   

  (f)            [Reserved].

   

  (g)           If at any time the Total Revolving Extensions of Credit exceed 105% of
    the Total Revolving Commitments, the Borrowers shall, within one Business Day of notice thereof from the Administrative Agent, prepay the Revolving Loans in an amount equal to the amount of such excess or, to the extent the principal amount of
    Revolving Loans outstanding is less than the amount of such excess, cash collateralize L/C Obligations in respect of any Letters of Credit (in an amount equal to 101% of the undrawn face amount thereof) (or backstop or provide credit support reasonably
    acceptable to the applicable Issuing Lender), in each case to the extent necessary to eliminate any such excess.

   

  (h)           Notwithstanding any other provisions of Section 2.13, to the extent any
    or all of the Net Cash Proceeds from any Asset Sale or Recovery Event received by a Foreign Subsidiary are prohibited or delayed by any applicable local law (including financial assistance, corporate benefit restrictions on upstreaming of cash intra
    group and the fiduciary and statutory duties of the directors of such Foreign Subsidiary) from being repatriated or passed on to or used for the benefit of the Parent or any applicable Domestic Subsidiary (the Parent hereby agreeing to cause the
    applicable Foreign Subsidiary to promptly take all actions reasonably required by the applicable local law to permit such repatriation as long as such repatriation does not create a non-de minimis adverse tax consequence) or if the Parent has
    determined in good faith that repatriation of any such amount to the Parent or any applicable Domestic Subsidiary would have non-de minimis adverse tax consequences with respect to such amount, the portion of such Net Cash Proceeds so affected will not
    be required to be applied to prepay Term Loans at the times provided in this Section 2.13 but may be retained by the applicable Foreign Subsidiary for so long, but only so long, as the applicable local law will not permit repatriation or the passing on
    to or otherwise using for the benefit of the Parent or the applicable Domestic Subsidiary, or the Parent believes in good faith that such non-de minimis adverse tax consequence would result, and once such repatriation of any of such affected Net Cash
    Proceeds is permitted under the applicable local law or the Parent determines in good faith that such repatriation would no longer would have such non-de minimis adverse tax consequences, such repatriation will be promptly effected and such repatriated
    Net Cash Proceeds will be promptly (and in any event not later than five Business Days after such repatriation) applied (net of additional taxes payable or reasonably estimated to be payable as a result thereof) to the prepayment of the applicable Term
    Loans as otherwise required pursuant to this Section 2.13; provided that, notwithstanding the foregoing, the Parent and the applicable Foreign Subsidiary shall have no obligation to repatriate any Net Cash Proceeds (or take any further action
    with respect thereto) from and after the date that is twelve months after the receipt of such Net Cash Proceeds.

   

  
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  2.14         Conversion and Continuation
      Options.

   

  (a)           Any Borrower may elect from time to time to convert Term Benchmark Loans
    to ABR Loans by giving the Administrative Agent at least two Business Days’ prior irrevocable notice of such election, provided that any such conversion of Term Benchmark Loans may only be made on the last day of an Interest Period with respect
    thereto. Any Borrower may elect from time to time to convert ABR Loans to Term Benchmark Loans or RFR Loans by giving the Administrative Agent at least three Business Days’ prior irrevocable notice of such election (which notice shall specify in the
    case of Term Benchmark Loans the length of the initial Interest Period therefor); provided that no ABR Loan under a particular Facility may be converted into a Term Benchmark Loan when any Event of Default has occurred and is continuing and the
    Majority Facility Lenders in respect of such Facility have determined in its or their sole discretion not to permit such conversions. Upon receipt of any such notice the Administrative Agent shall promptly notify each relevant Lender thereof.

   

  (b)           [reserved].

   

  (c)           Any Term Benchmark Loan shall be continued as such upon the expiration
    of the then current Interest Period with respect thereto unless the applicable Borrower gives notice to the Administrative Agent, in accordance with the applicable provisions of the term “Interest Period” set forth in Section 1.1, of a different length
    of the next Interest Period to be applicable to such Loans or elects to convert such Loan to an ABR Loan or an RFR Loan; provided that no Term Benchmark Loan denominated under a particular Facility may be continued as such when any Event of
    Default has occurred and is continuing and the Majority Facility Lenders in respect of such Facility have determined in its or their sole discretion not to permit such continuations; and provided, further, that if such continuation is not permitted
    pursuant to the preceding proviso such Term Benchmark Loans shall be automatically converted to ABR Loans on the last day of such then expiring Interest Period. Upon receipt of any such notice the Administrative Agent shall promptly notify each
    relevant Lender thereof.

   

  2.15         Limitations on Term Benchmark
      Borrowings. Notwithstanding anything to the contrary in this Agreement, all Borrowings, conversions and continuations of Term Benchmark Loans hereunder and all selections of Interest Periods hereunder shall be in such amounts and be made pursuant
    to such elections so that, after giving effect thereto, the aggregate principal amount of the Term Benchmark Loans comprising each Term Benchmark Tranche shall be equal to the Applicable Minimum Amount.

   

  2.16         Interest Rates and Payment Dates.

   

  (a)           Each Term Benchmark Loan shall bear interest for each day during each
    Interest Period with respect thereto at a rate per annum equal to the Adjusted Term SOFR Rate determined for such day plus the Applicable Margin.

   

  (b)           Each RFR Loan, if available pursuant to Section 2.18, shall bear
    interest at a rate per annum equal to the Adjusted Daily Simple SOFR plus the Applicable Margin.

   

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

   

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

   

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

   

  2.17         Computation of Interest and Fees.

   

  (a)           Interest and fees payable pursuant hereto shall be calculated on the
    basis of a 360-day year for the actual days elapsed, except that, with respect to ABR Loans the rate of interest on which is calculated on the basis of the Prime Rate, the interest thereon shall be calculated on the basis of a 365- (or 366-, as the
    case may be) day year for the actual days elapsed. The Administrative Agent shall as soon as practicable notify the Parent and the relevant Lenders of each determination of a Term Benchmark Rate. Any change in the interest rate on a Loan resulting from
    a change in the Alternate Base Rate or Daily Simple SOFR shall become effective as of the opening of business on the day on which such change becomes effective. The Administrative Agent shall as soon as practicable notify the Parent and the relevant
    Lenders of the effective date and the amount of each such change in interest rate.

   

  (b)           Each determination of an interest rate by the Administrative Agent
    pursuant to any provision of this Agreement shall be conclusive and binding on the Borrowers and the Lenders absent manifest error. The Administrative Agent shall, at the request of the Parent, deliver to the Parent a statement showing the quotations
    used by the Administrative Agent in determining any interest rate pursuant to Section 2.17(a).

   

  2.18         Alternate Rate of Interest.

   

  (a)           Subject to clauses (b), (c), (d), (e) and (f) of this Section 2.18.

   

  (i)              the Administrative Agent determines (which determination
    shall be conclusive absent manifest error) (A) prior to the commencement of any Interest Period for a Term Benchmark Borrowing, that adequate and reasonable means do not exist for ascertaining the Adjusted Term SOFR Rate (including because the Term
    SOFR Reference Rate is not available or published on a current basis), for such Interest Period or (B) at any time, that adequate and reasonable means do not exist for ascertaining the applicable Adjusted Daily Simple SOFR; or

   

  
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  (ii)             the Administrative Agent is advised by the Required Lenders
    that (A) prior to the commencement of any Interest Period for a Term Benchmark Borrowing, the Adjusted Term SOFR Rate for such Interest Period will not adequately and fairly reflect the cost to such Lenders (or Lender) of making or maintaining their
    Loans (or its Loan) included in such Borrowing for such Interest Period or (B) at any time, Adjusted Daily Simple SOFR will not adequately and fairly reflect the cost to such Lenders (or Lender) of making or maintaining their Loans (or its Loan)
    included in such Borrowing;

   

  then the Administrative Agent shall give notice thereof to the Borrowers and the Lenders by telephone, telecopy or electronic mail as promptly as practicable thereafter and, until (x) the
    Administrative Agent notifies the Borrower and the Lenders that the circumstances giving rise to such notice no longer exist with respect to the relevant Benchmark and (y) the Borrower delivers a new Interest Election Request in accordance with the
    terms of Section 2.14 or a new Borrowing Request in accordance with the terms of Section 2.4 or Section 2.7, as applicable, (1) any Interest Election Request that requests the conversion of any Revolving Borrowing to, or continuation of any Revolving
    Borrowing as, a Term Benchmark Borrowing and any Borrowing Request that requests a Term Benchmark Revolving Borrowing shall instead be deemed to be an Interest Election Request or a Borrowing Request, as applicable, for (x) an RFR Borrowing so long as
    the Adjusted Daily Simple SOFR is not also then subject to the circumstances described in Section 2.18(a)(i) or (ii) above or (y) an ABR Borrowing if the Adjusted Daily Simple SOFR also is the subject of Section 2.18(a)(i) or (ii) above and (2) any
    Borrowing Request that requests an RFR Borrowing shall instead be deemed to be a Borrowing Request, as applicable, for an ABR Borrowing; provided that if the circumstances giving rise to such notice affect only one Type of Borrowings, then all
    other Types of Borrowings shall be permitted. Furthermore, if any Term Benchmark Loan or RFR Loan is outstanding on the date of the Borrower’s receipt of the notice from the Administrative Agent referred to in this ‎Section 2.18(a) with respect to a
    Relevant Rate applicable to such Term Benchmark Loan or RFR Loan, then until (x) the Administrative Agent notifies the Borrower and the Lenders that the circumstances giving rise to such notice no longer exist with respect to the relevant Benchmark and
    (y) the Borrower delivers a new Interest Election Request in accordance with the terms of Section 2.14 or a new Borrowing Request in accordance with the terms of Section 2.4 or Section 2.7, as applicable, (1) any Term Benchmark Loan shall on the last
    day of the Interest Period applicable to such Loan, be converted by the Administrative Agent to, and shall constitute, (x) an RFR Borrowing so long as the Adjusted Daily Simple SOFR is not also then subject to the circumstances described in Section
    2.18(a)(i) or (ii) above or (y) an ABR Loan if the Adjusted Daily Simple SOFR also is then subject to the circumstances described in Section 2.18(a)(i) or (ii) above, on such day, and (2) any RFR Loan shall on and from such day be converted by the
    Administrative Agent to, and shall constitute an ABR Loan.

   

  (b)           Notwithstanding anything to the contrary herein or in any other Loan
    Document (and any Swap Agreement shall be deemed not to be a “Loan Document” for purposes of this Section 2.18), if a Benchmark Transition Event and its related Benchmark Replacement Date have occurred prior to the Reference Time in respect of any
    setting of the then-current Benchmark, then (x) if a Benchmark Replacement is determined in accordance with clause (1) of the definition of “Benchmark Replacement” for such Benchmark Replacement Date, such Benchmark Replacement will replace such
    Benchmark for all purposes hereunder and under any Loan Document in respect of such Benchmark setting and subsequent Benchmark settings without any amendment to, or further action or consent of any other party to, this Agreement or any other Loan
    Document and (y) if a Benchmark Replacement is determined in accordance with clause (2) of the definition of “Benchmark Replacement” for such Benchmark Replacement Date, such Benchmark Replacement will replace such Benchmark for all purposes hereunder
    and under any Loan Document in respect of any Benchmark setting at or after 5:00 p.m. (New York City time) on the fifth (5th) Business Day after the date notice of such Benchmark Replacement is provided to the 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.

   

  
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  (c)           Notwithstanding anything to the contrary herein or in any other Loan
    Document, the Administrative Agent will have the right to make Benchmark Replacement Conforming Changes in consultation with the Borrower 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.

   

  (d)           The Administrative Agent will promptly notify the Borrower and the
    Lenders of (i) any occurrence of a Benchmark Transition Event, (ii) the implementation of any Benchmark Replacement, (iii) the effectiveness of any Benchmark Replacement Conforming Changes, (iv) the removal or reinstatement of any tenor of a Benchmark
    pursuant to clause (e) below and (v) the commencement or conclusion of any Benchmark Unavailability Period. Any determination, decision or election that may be made by the Administrative Agent or, if applicable, any Lender (or group of Lenders)
    pursuant to this Section 2.18, 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 2.18.

   

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

   

  (f)            Upon the Borrower’s receipt of notice of the commencement of a
    Benchmark Unavailability Period, the Borrower may revoke any request for a Term Benchmark Borrowing or RFR Borrowing of, conversion to or continuation of Term Benchmark Loans to be made, converted or continued during any Benchmark Unavailability Period
    and, failing that, the Borrower will be deemed to have converted any request for a Term Benchmark Borrowing into a request for a Borrowing of or conversion to (A) an RFR Borrowing so long as the Adjusted Daily Simple SOFR is not the subject of a
    Benchmark Transition Event or (B) an ABR Borrowing if the Adjusted Daily Simple SOFR is the subject of a Benchmark Transition Event. 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 ABR based upon the then-current Benchmark or such tenor for such Benchmark, as applicable, will not be used in any determination of ABR. Furthermore, if any Term Benchmark Loan or RFR Loan is outstanding on the date of
    the Borrower’s receipt of notice of the commencement of a Benchmark Unavailability Period with respect to a Relevant Rate applicable to such Term Benchmark Loan or RFR Loan, then until such time as a Benchmark Replacement is implemented pursuant to
    this Section 2.18, (1) any Term Benchmark Loan shall on the last day of the Interest Period applicable to such Loan, be converted by the Administrative Agent to, and shall constitute, (x) an RFR Borrowing so long as the Adjusted Daily Simple SOFR is
    not the subject of a Benchmark Transition Event or (y) an ABR Loan if the Adjusted Daily Simple SOFR is the subject of a Benchmark Transition Event, on such day and (2) any RFR Loan shall on and from such day be converted by the Administrative Agent
    to, and shall constitute an ABR Loan.

   

  
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  2.19         Pro Rata Treatment and Payments.

   

  (a)           Each Borrowing by a Borrower from the Revolving Lenders hereunder, each
    payment by a Borrower on account of any commitment fee and any reduction of the Revolving Commitments shall be made pro rata according to the respective Revolving Percentages of the Revolving Lenders.

   

  (b)           Each payment (including each prepayment) by a Borrower on account of
    principal of and interest on the Revolving Loans shall be made pro rata according to the respective outstanding principal amounts of the Revolving Loans then held by the Revolving Lenders, except as otherwise provided in Section 2.28.

   

  (c)           Each payment (including each prepayment) by a Borrower on account of
    principal of and interest and premium, if any, on the Tranche A Term Loans shall be made pro rata according to the respective outstanding principal amounts of the Tranche A Term Loans then held by the Tranche A Term Lenders. Subject to Section 2.13(d),
    the amount of each principal prepayment of the Tranche A Term Loans shall be applied to reduce the then remaining installments of the Tranche A Term Loans in the direct order of maturity. Amounts prepaid on account of the Tranche A Term Loans may not
    be reborrowed.

   

  (d)           [Reserved].

   

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

   

  (f)            Unless the Administrative Agent shall have been notified in writing by
    any Lender prior to a Borrowing that such Lender will not make the amount that would constitute its share of such Borrowing available to the Administrative Agent, the Administrative Agent may assume that such Lender is making such amount available to
    the Administrative Agent, and the Administrative Agent may, in reliance upon such assumption, make available to the applicable Borrower a corresponding amount. If such amount is not made available to the Administrative Agent by the required time on the
    Borrowing Date therefor, such Lender shall pay to the Administrative Agent, on demand, such amount with interest thereon at a rate equal to the daily average NYFRB Rate. A certificate of the Administrative Agent submitted to any Lender with respect to
    any amounts owing under this paragraph shall be conclusive absent manifest error. If such Lender’s share of such Borrowing is not made available to the Administrative Agent by such Lender within three Business Days of such Borrowing Date, the
    Administrative Agent shall also be entitled to recover such amount with interest thereon at the rate per annum equal to the daily average Federal Funds Effective Rate, on demand, from the applicable Borrower.

   

  
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  (g)           Unless the Administrative Agent shall have been notified in writing by
    the applicable Borrower prior to the date of any payment being made hereunder that the applicable Borrower will not make such payment to the Administrative Agent, the Administrative Agent may assume that the applicable Borrower is making such payment,
    and the Administrative Agent may, but shall not be required to, in reliance upon such assumption, make available to the Lenders their respective pro rata shares of a corresponding amount. If such payment is not made to the Administrative Agent by the
    applicable Borrower within three Business Days of such required date, the Administrative Agent shall be entitled to recover, on demand, from each Lender to which any amount which was made available pursuant to the preceding sentence, such amount with
    interest thereon at the rate per annum equal to the daily average Federal Funds Effective Rate. Nothing herein shall be deemed to limit the rights of the Administrative Agent or any Lender against any Borrower.

   

  2.20         Requirements of Law.

   

  (a)           If the adoption of or any change in any Requirement of Law or in the
    interpretation or application thereof or compliance by any Credit Party with any request or directive (whether or not having the force of law) from any central bank or other Governmental Authority made subsequent to the date hereof:

   

  (i)              shall subject such Credit Party to any Tax (except for
    Non-Excluded Taxes, Taxes described in clauses (i) through (iv) of the definition of Non-Excluded Taxes and Other Taxes) on its loans, loan principal, letters of credit, commitments, or other obligations, or its deposits, reserves, other liabilities or
    capital attributable thereto;

   

  (ii)             shall impose, modify or hold applicable any reserve,
    special deposit, compulsory loan or similar requirement (including any insurance charge or other assessment) against assets held by, deposits or other liabilities in or for the account of, advances, loans or other extensions of credit by, or any other
    acquisition of funds by, any office of such Credit Party or any Letter of Credit or participation therein; or

   

  (iii)            shall impose on such Credit Party or the loan interbank or
    other relevant market any other condition, cost or expense affecting this Agreement or the Loans made by such Credit Party or any Letter of Credit or participation therein (other than Taxes);

   

  and the result of any of the foregoing is to increase the cost to such Credit Party, by an amount that such Credit Party deems to be material, of making, converting into, continuing or
    maintaining Loans or issuing or participating in Letters of Credit or to reduce any amount receivable hereunder in respect thereof, then, in any such case, the Borrowers shall pay such Credit Party, following thirty (30) days’ prior written demand and
    delivery of the calculation of such amount, any additional amounts necessary to compensate such Credit Party for such increased cost or reduced amount receivable. If any Credit Party becomes entitled to claim any additional amounts pursuant to this
    paragraph, it shall promptly notify the Parent (with a copy to the Administrative Agent) of the event by reason of which it has become so entitled together with a calculation of such amount claimed; provided that failure or delay on the part of
    any Credit Party to demand compensation pursuant to this Section 2.20(a) shall not constitute a waiver of such Credit Party’s right to demand such compensation; provided further that the Borrowers shall not be required to compensate a Lender
    pursuant to this paragraph for any amounts incurred more than 90 days prior to the date that such Lender notifies the Parent of such Lender’s intention to claim compensation therefor; and provided further that, if the circumstances giving rise
    to such claim have a retroactive effect, then such 90-day period shall be extended to include the period of such retroactive effect; provided further that in respect of clause (a)(i), the Parent shall be required to make such payment only if
    the respective Lender certifies that it generally requires similarly situated borrowers in comparable syndicated credit facilities to which it is a lender to make similar payments.

   

  
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  (b)           If any Credit Party shall have determined that the adoption of or any
    change in any Requirement of Law regarding capital or liquidity requirements or in the interpretation or application thereof or compliance by such Credit Party, or any corporation controlling such Credit Party with any request or directive regarding
    capital or liquidity requirements (whether or not having the force of law) from any Governmental Authority made subsequent to the Effective Date shall have the effect of reducing the rate of return on such Credit Party’s or such corporation’s capital
    as a consequence of its obligations hereunder or under or in respect of any Letter of Credit to a level below that which such Lender or such corporation could have achieved but for such adoption, change or compliance (taking into consideration such
    Credit Party’s or such corporation’s policies with respect to capital adequacy or liquidity) by an amount deemed by such Lender to be material, then from time to time, after submission by such Credit Party to the Parent (with a copy to the
    Administrative Agent) of a written request therefor, the Borrowers shall pay to such Credit Party such additional amount or amounts as will compensate such Credit Party for such reduction; provided that the Borrowers shall not be required to
    compensate a Lender pursuant to this paragraph for any amounts incurred more than 90 days prior to the date that such Lender notifies the Parent of such Lender’s intention to claim compensation therefor; provided further that, if the
    circumstances giving rise to such claim have a retroactive effect, then such 90-day period shall be extended to include the period of such retroactive effect; and provided further that the Parent shall be required to make such payment only if
    the respective Lender certifies that it generally requires similarly situated borrowers in comparable syndicated credit facilities to which it is a lender to make similar payments.

   

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

   

  (d)           A certificate as to any additional amounts payable pursuant to this
    Section submitted by any Credit Party to the Parent (with a copy to the Administrative Agent) shall be conclusive absent manifest error. The obligations of the Borrowers pursuant to this Section shall survive the termination of this Agreement and the
    payment of the Loans and all other amounts payable hereunder.

   

  2.21         Taxes.

   

  (a)           Any and all payments by or on account of any obligation of any Loan
    Party under any Loan Document shall be made free and clear of, and without deduction or withholding for or on account of, any Taxes, except as required by applicable law. If any applicable law (as determined in the good faith discretion of an
    applicable Withholding Agent) requires the deduction or withholding of any Tax from any such payment by a Withholding Agent, then the applicable Withholding Agent shall be entitled to make such deduction or withholding and shall timely pay the full
    amount deducted or withheld to the relevant Governmental Authority in accordance with applicable law and, if such Tax is a Non-Excluded Tax or an Other Tax, then the amount payable by the applicable Loan Party to the Credit Party shall be increased as
    necessary so that after such deduction or withholding has been made (including such deductions and withholdings applicable to additional sums payable under this Section) the Credit Party receives an amount that such Credit Party would have received had
    no such deduction or withholding been made. Whenever any Non-Excluded Taxes or Other Taxes are payable by any Loan Party to a Governmental Authority pursuant to this Section 2.21, as soon as practicable thereafter the applicable Loan Party shall send
    to the Administrative Agent the original or certified copy of a receipt issued by such Governmental Authority evidencing such payment.

   

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

   

  (c)           The Loan Parties shall indemnify each Credit Party, within 10 days after
    demand therefor, for the full amount of any Non-Excluded Taxes or Other Taxes (including Non-Excluded Taxes or Other Taxes imposed or asserted on or attributable to amounts payable under this Section) payable or paid by such Credit Party or required to
    be withheld or deducted from a payment to such Credit Party and any reasonable expenses arising therefrom or with respect thereto, whether or not such Non-Excluded Taxes or Other Taxes were correctly or legally imposed or asserted by the relevant
    Governmental Authority; provided, however, that the Loan Parties shall not be obligated to indemnify such Credit Party pursuant to this Section 2.21 in respect of penalties, interest and other liabilities are attributable to the bad faith, gross
    negligence or willful misconduct of such Credit Party. After a Credit Party learns of the imposition of Non-Excluded Taxes or Other Taxes, such Credit Party will act in good faith to promptly notify the Parent of its obligations thereunder. A
    certificate as to the amount of such payment or liability delivered to the applicable Borrower by a Lender (with a copy to the Administrative Agent), or by the Administrative Agent on its own behalf or on behalf of a Lender, shall be conclusive absent
    manifest error.

   

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

   

  (e)           If the Administrative Agent or any Lender is entitled to an exemption
    from or reduction of withholding Tax with respect to payments made under any Loan Document, such Administrative Agent or Lender shall deliver to the Parent and the Administrative Agent at the time or times prescribed by applicable law or reasonably
    requested by the Parent or the Administrative Agent, such properly completed and executed documentation prescribed by applicable law or reasonably requested by the Parent or the Administrative Agent as will permit such payments to be made without
    withholding or at a reduced rate of withholding. In addition, any Lender, if reasonably requested by the Parent or the Administrative Agent, shall deliver such other documentation prescribed by applicable law or reasonably requested by the Parent or
    the Administrative Agent as will enable the Parent or the Administrative Agent to determine whether or not such Lender is subject to backup withholding or information reporting requirements. Notwithstanding anything to the contrary in the preceding two
    sentences, the completion, execution and submission of such documentation (other than such documentation set forth in Section 2.21(f)) shall not be required if in the Lender’s reasonable judgment such completion, execution or submission would subject
    such Lender to any material unreimbursed cost or expense or would materially prejudice the legal or commercial position of such Lender.

   

  
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  (f)            Without limiting the generality of the foregoing,

   

  (i)            Each Lender (or Transferee) that is a “United States
      person” as defined in Section 7701(a)(30) of the Code (a “U.S. Person”) shall deliver to the Parent and the Administrative Agent, on or prior to the date on which such Lender becomes a Lender under this Agreement (and from time to time
    thereafter upon the reasonable request of the Parent or the Administrative Agent), a properly completed and duly signed copy of IRS Form W-9 (or any successor form) certifying that such Lender is exempt from U.S. federal backup withholding tax.

   

  (ii)           Each Lender (or Transferee) that is not a U.S. Person (a “Non-U.S.

      Lender”) shall, to the extent it is legally entitled to do so, deliver to the Parent and the Administrative Agent on or prior to the date on which such Lender becomes a Lender under this Agreement (and from time to time thereafter upon the
    reasonable request of the Parent or the Administrative Agent.):

   

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

   

  (B)           in case of a Non-U.S. Lender
    claiming that its extension of credit will generate U.S. effectively connected income, a properly completed and duly signed copy of IRS Form W-8ECI;

   

  (C)           in the case of a Non-U.S.
    Lender claiming the benefits of the exemption for portfolio interest under Section 881(c) of the Code, (x) a certificate substantially in the form of Exhibit F-1 to the effect that such Non-U.S. Lender is not a “bank” within the meaning of Section
    881(c)(3)(A) of the Code, a “10 percent shareholder” of the Parent within the meaning of Section 871(h)(3)(B) of the Code, or a CFC related to the Parent as described in Section 881(c)(3)(C) of the Code and that the income is not effectively connected
    income (a “U.S. Tax Compliance Certificate”) and (y) a properly completed and executed copy of IRS Form W-8BEN or IRS Form W-8BEN-E; or

   

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

   

  
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  (iii)          Any Non-U.S. Lender shall, to the extent it is legally
    entitled to do so, deliver to the Parent and the Administrative Agent on or about the date on which such Non-U.S. Lender becomes a Lender under this Agreement (and from time to time thereafter upon the reasonable request of the Parent or the
    Administrative Agent), a completed and duly signed copy of any other form prescribed by applicable law as a basis for claiming exemption from or a reduction in U.S. federal withholding Tax, duly completed, together with such supplementary documentation
    as may be prescribed by applicable law to permit the Parent or the Administrative Agent to determine the withholding or deduction required to be made;

   

  (iv)          If a payment made to a Lender under any Loan Document would be
    subject to U.S. federal withholding Tax imposed by FATCA (which term for purposes of this clause (iv) shall include any amendments made to FATCA after the date of this Agreement) 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 Parent and the Administrative Agent, at the time or times prescribed by law and at such time or times
    reasonably requested by the Parent 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 Parent or
    the Administrative Agent as may be necessary for the Parent and the Administrative Agent to comply with their obligations under FATCA, to determine that such Lender has complied with such Lender’s obligations under FATCA or to determine the amount, if
    any, to deduct and withhold from such payment; and

   

  (v)           The Administrative Agent shall deliver to the Parent an
    executed copy of whichever of the following is applicable:

   

  (A)          if the Administrative Agent
    is a U.S. Person, IRS Form W-9 certifying to such Administrative Agent’s exemption from U.S. federal backup withholding; or

   

  (B)           if the Administrative Agent
    is not a U.S. Person, (x) IRS Form W-8ECI with respect to payments received for its own account; and (y) IRS Form W-8IMY with respect to any amounts payable to the Administrative Agent for the accounts of others, clarifying that it is a U.S. branch of
    a foreign bank or insurance company described in Section 1.1441-1(b)(2)(iv)(A) of the United States Treasury Regulations that is a “participating foreign financial institution” or PFFI (including a reporting Model 2 FFI), registered deemed-compliant
    FFI (including a reporting Model 1 FFI), or “non-financial foreign entity” that is using this form as evidence of its agreement with the withholding agent to be treated as a U.S. Person with respect to any payments associated with this withholding
    certificate.

   

  (g)           The Administrative Agent and each Lender agree that if any form or
    certification it previously delivered expires or becomes obsolete or inaccurate in any respect, it shall update such form or certification or promptly notify the Parent and the Administrative Agent in writing of its legal inability to do so.

   

  
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  (h)           If any party determines, in its sole discretion exercised in good faith,
    that it has received a refund of any Taxes as to which it has been indemnified pursuant to this Section 2.21 (including by the payment of additional amounts pursuant to this Section 2.21), it shall pay to the indemnifying party an amount equal to such
    refund (but only to the extent of indemnity payments made under this Section with respect to the Taxes giving rise to such refund), net of all out-of-pocket expenses (including Taxes) of such indemnified party and without interest (other than any
    interest paid by the relevant Governmental Authority with respect to such refund). Such indemnifying party, upon the request of such indemnified party, shall repay to such indemnified party the amount paid over pursuant to this Section 2.21(h) (plus
    any penalties, interest or other charges imposed by the relevant Governmental Authority) in the event that such indemnified party is required to repay such refund to such Governmental Authority. Notwithstanding anything to the contrary in this Section
    2.21(h), in no event will the indemnified party be required to pay any amount to an indemnifying party pursuant to this Section 2.21(h) the payment of which would place the indemnified party in a less favorable net after-Tax position than the
    indemnified party would have been in if the Tax subject to indemnification and giving rise to such refund had not been deducted, withheld or otherwise imposed and the indemnification payments or additional amounts with respect to such Tax had never
    been paid. This Section 2.21(h) shall not be construed to require any indemnified party to make available its Tax returns (or any other information relating to its Taxes that it deems confidential) to the indemnifying party or any other Person.

   

  (i)            For purposes of this Section 2.21, the term “Lender” includes
    any Issuing Lender and the term “applicable law” includes FATCA.

   

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

   

  2.22         Indemnity. With respect to
    Term Benchmark Loans, each Borrower agrees to indemnify each Lender and to hold each Lender harmless from any loss or expense that such Lender may sustain or incur as a consequence of (a) default by such Borrower in making a Borrowing of, conversion
    into or continuation of Term Benchmark Loans after such Borrower has given a notice requesting the same in accordance with the provisions of this Agreement, (b) default by such Borrower in making any prepayment of or conversion from Term Benchmark
    Loans after such Borrower has given a notice thereof in accordance with the provisions of this Agreement or (c) the making of a payment of Term Benchmark Loans (including pursuant to Sections 2.24 or 10.1(c)) on a day that is not the last day of an
    Interest Period with respect thereto. Such indemnification, which shall be payable within 30 days of written demand therefor, may include an amount equal to the excess, if any, of (i) the amount of interest that would have accrued on the amount so
    prepaid or returned, or not so borrowed, converted or continued, for the period from the date of such prepayment or return or of such failure to borrow, convert or continue to the last day of such Interest Period (or, in the case of a failure to
    borrow, convert or continue, the Interest Period that would have commenced on the date of such failure) in each case at the applicable rate of interest for such Loans provided for herein (excluding, however, the Applicable Margin included therein, if
    any) over (ii) the amount of interest (as reasonably determined by such Lender) that would have accrued to such Lender on such amount by placing such amount on deposit for a comparable period with leading banks in the applicable interbank market. A
    certificate as to any amounts payable pursuant to this Section submitted to the Parent by any Lender shall be conclusive absent manifest error. This covenant shall survive the termination of this Agreement and the payment of the Loans and all other
    amounts payable hereunder.

   

  2.23         Change of Lending Office. Each
    Lender agrees that, upon the occurrence of any event giving rise to the operation of Sections 2.20 or 2.21 with respect to such Lender, it will, if requested by the Parent, use reasonable efforts (subject to overall policy considerations of such
    Lender) to designate another lending office for any Loans affected by such event with the object of avoiding (or mitigating) the consequences of such event; provided, that such designation is made on terms that, in the good faith judgment of
    such Lender, (i) would eliminate or reduce the amounts payable pursuant to Section 2.20 or Section 2.21, as the case may be, in the future, (ii) would not subject such Lender to (A) any unreimbursed cost or expense or (B) significant investment of time
    or effort and (iii) would not otherwise be materially disadvantageous to such Lender, and provided, further, that nothing in this Section shall affect or postpone any of the obligations of any Borrower or the rights of any Lender pursuant to Section
    2.20 or 2.21. The Parent hereby agrees to pay all reasonable costs and expenses incurred by any Lender in connection with any such designation.

   

  
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  2.24         Replacement of Lenders. The
    Parent shall be permitted, at its sole expense and effort, with respect to any Lender that (a) requests reimbursement for amounts owing pursuant to Section 2.20 or Section 2.21, (b) has become a Defaulting Lender hereunder or (c) in connection with any
    proposed amendment, waiver or consent requiring the consent of “each Lender” or “each Lender directly affected thereby” (or any other Class or group of Lenders other than the Required Lenders or Required Revolving Lenders) with respect to which
    Required Lender or Required Revolving Lender consent, as applicable (or the consent of Lenders holding loans or commitments of such Class or lesser group representing more than 50.0% of the sum of the total loans and unused commitments of such Class or
    lesser group at such time) has been obtained, as applicable, is a non-consenting Lender (each such Lender, a “Non-Consenting Lender”) (1) to replace such Lender, with a replacement bank, financial institution or entity; provided that (i)
    the replacement bank, financial institution or entity shall purchase, at par, all Loans and other amounts owing to such replaced Lender on or prior to the date of replacement, (ii) the applicable Borrower shall be liable to such replaced Lender under
    Section 2.22 for any losses suffered or expenses incurred by such Lender if any Term Benchmark Loan owing to such replaced Lender shall be purchased other than on the last day of the Interest Period relating thereto, (iii) the replacement bank,
    financial institution, or entity if not already a Lender, shall be reasonably satisfactory to the Administrative Agent to the extent such consent is required pursuant to Section 10.6, (iv) the replaced Lender shall be obligated to make such replacement
    in accordance with the provisions of Section 10.6 (provided that the applicable Borrower shall be obligated to pay the registration and processing fee referred to therein) or pursuant to other procedures agreed upon by the Parent and the
    Administrative Agent including deemed assignments upon payment to the replaced Lender of amounts required to be paid to it pursuant to this Section 2.24, (v) until such time as such replacement shall be consummated, the applicable Borrower shall pay
    all additional amounts (if any) required pursuant to Section 2.20 or 2.21, as the case may be, and (vi) any such replacement shall not be deemed to be a waiver of any rights that any Borrower, the Administrative Agent or any other Lender shall have
    against the replaced Lender or (2) terminate the Commitment of such Lender and (a) in the case of a Lender (other than an Issuing Lender), repay all Obligations (other than contingent expense reimbursement and indemnification obligations) of the
    Borrowers owing to such Lender relating to the applicable Loans, Commitments and participations held by such Lender as of such termination date, and (b) in the case of an Issuing Lender, repay all Obligations (other than contingent expense
    reimbursement and indemnification obligations) of the Borrowers owing to such Issuing Lender relating to the applicable Loans and participations held by the Issuing Lender as of such termination date and cancel or backstop on terms satisfactory to such
    L/C Issuer any Letters of Credit issued by it. No action by or consent of any Lender referred to in this Section 2.24, including any Defaulting Lender or Non-Consenting Lender shall be necessary in connection with such assignment, which shall be
    immediately and automatically effective upon payment of the amounts described in the immediately preceding sentence.

   

  2.25         [Reserved].

   

  
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  2.26         Extension of the Facilities.

   

  (a)           The Parent may at any time and from time to time after the Merger
    Effective Time, request that all or a portion of the Term Loans of a given Class (or series or tranche thereof) (each, an “Existing Term Loan Tranche”) be amended to extend the scheduled maturity date(s) with respect to all or a portion of any
    principal amount of such Term Loans (any such Term Loans which have been so amended, “Extended Term Loans”) and to provide for other terms applicable thereto consistent with this ‎Section 2.26. In order to establish any Extended Term
    Loans, the Parent shall provide a notice to the Administrative Agent (who shall provide a copy of such notice to each of the Lenders under the applicable Existing Term Loan Tranche) (each, a “Term Loan Extension Request”) setting forth the
    proposed terms of the Extended Term Loans to be established, which shall (x) be identical as offered to each Lender under such Existing Term Loan Tranche (including as to the proposed interest rates and fees payable) and offered pro rata to each Lender
    under such Existing Term Loan Tranche and (y) be identical to the Term Loans under the Existing Term Loan Tranche from which such Extended Term Loans are to be amended, except that: (i) all or any of the scheduled amortization payments of principal of
    the Extended Term Loans may be delayed to later dates than the scheduled amortization payments of principal of the Term Loans of such Existing Term Loan Tranche, to the extent provided in the applicable Extension Amendment; (ii) the All-in Yield with
    respect to the Extended Term Loans may be different than the All-in Yield for the Term Loans of such Existing Term Loan Tranche, in each case, to the extent provided in the applicable Extension Amendment; (iii) the Extension Amendment may provide for
    other covenants and terms that apply solely to any period after the Latest Maturity Date that is in effect on the effective date of the Extension Amendment; and (iv) the Extended Term Loans may have prepayment premiums or call protection as may be
    agreed by the Parent and the Lenders thereof; provided that that (A) in no event shall the final maturity date of any Extended Term Loans of a given Term Loan Extension Series at the time of establishment thereof be earlier than the maturity
    date of the applicable Existing Term Loan Tranche, (B) the Weighted Average Life to Maturity of any Extended Term Loans of a given Term Loan Extension Series at the time of establishment thereof shall be no shorter than the remaining Weighted Average
    Life to Maturity of the applicable Existing Term Loan Tranche, (C) all documentation in respect of such Extension Amendment shall be consistent with the foregoing and (D) any Extended Term Loans may participate on a pro rata basis or less than a pro
    rata basis (but not greater than a pro rata basis) in any mandatory repayments or prepayments hereunder, in each case as specified in the respective Term Loan Extension Request. Any Class of Extended Term Loans amended pursuant to any Term Loan
    Extension Request shall be designated a series (each, a “Term Loan Extension Series”) of Extended Term Loans for all purposes of this Agreement; provided that any Extended Term Loans amended from an Existing Term Loan Tranche may, to
    the extent provided in the applicable Extension Amendment, be designated as an increase in any previously established Term Loan Extension Series with respect to such Existing Term Loan Tranche. Each Term Loan Extension Series of Extended Term Loans
    incurred under this ‎Section 2.26 shall be in an aggregate principal amount that is not less than $20,000,000 (or such lesser amount as to which the Administrative Agent may agree).

   

  
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  (b)           The Parent may at any time and from time to time after the Merger
    Effective Time, in its sole discretion, request that all or a portion of the Revolving Commitments or commitments in respect of an Incremental Revolving Facility (“Incremental Revolving Commitments”) of a given Class (or series or tranche
    thereof) (each, an “Existing Revolver Tranche”) be amended to extend the maturity date with respect to all or a portion of any principal amount of such Revolving Commitments or Incremental Revolving Commitments (any such Revolving Commitments or
    Incremental Revolving Commitments which have been so amended, “Extended Revolving Commitments”) and to provide for other terms consistent with this ‎Section 2.26. In order to establish any Extended Revolving Commitments, the Parent shall
    provide a notice to the Administrative Agent (who shall provide a copy of such notice to each of the Lenders under the applicable Existing Revolver Tranche) (each, a “Revolver Extension Request” and together with a Term Loan Extension Request,
    an “Extension Request”) setting forth the proposed terms of the Extended Revolving Commitments to be established, which shall (x) be identical as offered to each Lender under such Existing Revolver Tranche (including as to the proposed interest
    rates and fees payable) and offered pro rata to each Lender under such Existing Revolver Tranche and (y) be identical to the Revolving Commitments under the Existing Revolver Tranche from which such Extended Revolving Commitments are to be amended,
    except that: (i) the maturity date of the Extended Revolving Commitments may be delayed to a later date than the maturity date of the Revolving Commitments of such Existing Revolver Tranche, to the extent provided in the applicable Extension Amendment;
    (ii) the All-in Yield with respect to extensions of credit under the Extended Revolving Commitments (whether in the form of interest rate margin, upfront fees, commitment fees, OID or otherwise) may be different than the All-in Yield for extensions of
    credit under the Revolving Commitments of such Existing Revolver Tranche, in each case, to the extent provided in the applicable Extension Amendment; (iii) the Extension Amendment may provide for other covenants and terms that apply solely to any
    period after the Latest Maturity Date that is in effect on the effective date of the Extension Amendment; and (iv) all Borrowings under the applicable Revolving Commitments (i.e., the Existing Revolver Tranche and the Extended Revolving Commitments of
    the applicable Revolver Extension Series) and repayments thereunder shall be made on a pro rata basis (except for (I) payments of interest and fees at different rates on Extended Revolving Commitments (and related outstandings) and (II) repayments
    required upon the maturity date of the non-extending Revolving Commitments); provided, further, that all documentation in respect of such Extension Amendment shall be consistent with the foregoing. Any Extended Revolving Commitments amended pursuant to
    any Revolver Extension Request shall be designated a series (each, a “Revolver Extension Series” (and together with a Term Loan Extension Series, any “Extension Series”)) of Extended Revolving Commitments for all purposes of this
    Agreement; provided that any Extended Revolving Commitments amended from an Existing Revolver Tranche may, to the extent provided in the applicable Extension Amendment, be designated as an increase in any previously established Revolver
    Extension Series with respect to such Existing Revolver Tranche. Each Revolver Extension Series of Extended Revolving Commitments incurred under this ‎Section 2.26 shall be in an aggregate principal amount that is not less than $10,000,000 (or
    such lesser amount as to which the Administrative Agent may agree).

   

  (c)           The Parent shall provide the applicable Extension Request at least three
    (3) Business Days (or such shorter period as may be agreed by the Administrative Agent) prior to the date on which Lenders under the Existing Term Loan Tranche or Existing Revolver Tranche, as applicable, 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 purposes of this ‎Section 2.26. No Lender shall have any obligation to agree to have any of its Term
    Loans of any Existing Term Loan Tranche amended into Extended Term Loans or any of its Revolving Commitments amended into Extended Revolving Commitments, as applicable, pursuant to any Extension Request. Any Lender holding a Loan under an Existing Term
    Loan Tranche (each, an “Extending Term Lender”) wishing to have all or a portion of its Term Loans under the Existing Term Loan Tranche subject to such Extension Request amended into Extended Term Loans and any Revolving Lender (each, an “Extending

      Revolving Lender”) wishing to have all or a portion of its Revolving Commitments under the Existing Revolver Tranche subject to such Extension Request amended into Extended Revolving Commitments, as applicable, shall notify the Administrative
    Agent (each, an “Extension Election”) on or prior to the date specified in such Extension Request of the amount of its Term Loans under the Existing Term Loan Tranche or Revolving Commitments under the Existing Revolver Tranche, as applicable,
    which it has elected to request be amended into Extended Term Loans or Extended Revolving Commitments, as applicable (subject to any minimum denomination requirements imposed by the Administrative Agent). In the event that the aggregate principal
    amount of Term Loans under the Existing Term Loan Tranche or Revolving Commitments under the Existing Revolver Tranche, as applicable, in respect of which applicable Term Lenders or Revolving Lenders, as the case may be, shall have accepted the
    relevant Extension Request exceeds the amount of Extended Term Loans or Extended Revolving Commitments, as applicable, requested to be extended pursuant to the Extension Request, Term Loans or Revolving Commitments, as applicable, subject to Extension
    Elections shall be amended to Extended Term Loans or Revolving Commitments, as applicable, on a pro rata basis (subject to rounding by the Administrative Agent, which shall be conclusive absent manifest error) based on the aggregate principal amount of
    Term Loans or Revolving Commitments, as applicable, included in each such Extension Election.

   

  
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  (d)           Extended Term Loans and Extended Revolving Commitments shall be
    established pursuant to an amendment (each, an “Extension Amendment”) to this Agreement among the Parent, the Administrative Agent and each Extending Term Lender or Extending Revolving Lender, as applicable, providing an Extended Term Loan or
    Extended Revolving Commitment, as applicable, thereunder, which shall be consistent with the provisions set forth in Sections ‎2.26(a) or ‎(b) above, respectively (but which shall not require the consent of any other Lender). The
    effectiveness of any Extension Amendment shall be subject to the satisfaction on the date thereof of each of the conditions set forth in ‎Section 5.3 and, to the extent reasonably requested by the Administrative Agent, receipt by the
    Administrative Agent of reaffirmation agreements or such amendments to the Security Documents as may be reasonably requested by the Administrative Agent in order to ensure that the Extended Term Loans or Extended Revolving Commitments, as applicable,
    are provided with the benefit of the applicable Loan Documents. The Parent may, at its election, specify as a condition to consummating any Extension Amendment that a minimum amount (to be determined and specified in the relevant Extension Request in
    the Parent’s sole discretion and as may be waived by the Parent) of Term Loans, Revolving Commitments or Incremental Revolving Commitments (as applicable) of any or all applicable Classes be tendered. The Administrative Agent shall promptly notify each
    Lender as to the effectiveness of each Extension Amendment. Each of the parties hereto hereby agrees that this Agreement and the other Loan Documents may be amended pursuant to an Extension Amendment, without the consent of any other Lenders, to the
    extent (but only to the extent) necessary to (i) reflect the existence and terms of the Extended Term Loans or Extended Revolving Commitments, as applicable, incurred pursuant thereto, (ii) modify the scheduled repayments set forth in ‎Section
    2.5 with respect to any Existing Term Loan Tranche subject to an Extension Election to reflect a reduction in the principal amount of the Term Loans thereunder in an amount equal to the aggregate principal amount of the Extended Term Loans amended
    pursuant to the applicable Extension Election (with such amount to be applied ratably to reduce scheduled repayments of such Term Loans required pursuant to ‎Section 2.5), (iii) modify the prepayments set forth in ‎Section 2.5 to
    reflect the existence of the Extended Term Loans and the application of prepayments with respect thereto, (iv) make such other changes to this Agreement and the other Loan Documents consistent with the provisions and intent of ‎Section 10.1
    (but without the consent of any Lenders called for therein) and (v) effect such other amendments to this Agreement and the other Loan Documents as may be necessary or appropriate, in the reasonable opinion of the Administrative Agent and the Parent, to
    effect the provisions of this ‎Section 2.26, and the Lenders hereby expressly authorize the Administrative Agent to enter into any such Extension Amendment.

   

  (e)           No extension of Loans pursuant to any Extension Election in accordance
    with this ‎Section 2.26 shall constitute a voluntary or mandatory payment or prepayment for purposes of this Agreement.

   

  (f)            This ‎Section 2.26 shall supersede any provisions in ‎Section

    2.19 or ‎10.1 to the contrary. 

   

  
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  2.27         Incremental Loan Extensions.

   

  (a)           The Parent may, at any time after the Merger Effective Time, on one or
    more occasions pursuant to an Incremental Facility Amendment (i) add one or more new Classes of term facilities (which may be additional Tranche A Term Loans or term “b” loans) and/or increase the principal amount of any Term Loans of any existing
    Class by requesting new term loan commitments to be added to such Loans (any such new Class or increase, an “Incremental Term Facility” and any loans made pursuant to an Incremental Term Facility, “Incremental Term Loans”) or (ii) add one
    or more new Classes of revolving commitments and/or increase the aggregate amount of the Revolving Commitments of any existing Class (any such new Class or increase, an “Incremental Revolving Facility” and, together with any Incremental Term
    Facility, “Incremental Facilities”, or either or any thereof, an “Incremental Facility”; and the loans thereunder, “Incremental Revolving Loans” and, together with any Incremental Term Loans, “Incremental Loans”) in an
    aggregate outstanding principal amount not to exceed the Incremental Cap; provided that:

   

  (i)            no commitments in respect of Incremental Loans (“Incremental

      Commitment”) in respect of any Incremental Term Facility may be in an amount that is less than $10,000,000 (or such lesser amount to which the Administrative Agent may reasonably agree),

   

  (ii)           except as separately agreed from time to time between the
    Parent and any Lender, no Lender shall be obligated to provide any Incremental Commitment, and the determination to provide such commitments shall be within the sole and absolute discretion of such Lender (it being agreed that the Parent shall not be
    obligated to offer the opportunity to any Lender to participate in any Incremental Facility),

   

  (iii)          no Incremental Facility or Incremental Loan (nor the
    creation, provision or implementation thereof) shall require the approval of any existing Lender other than in its capacity, if any, as a lender providing all or part of such Incremental Facility or Incremental Loan,

   

  (iv)          [reserved];

   

  (v)           the All-in-Yield applicable to any Incremental Facility shall
    be determined by the Parent and the lender or lenders providing such Incremental Facility,

   

  (vi)          the final maturity date of any Incremental Term Facility shall
    be no earlier than the Latest Maturity Date in respect of the Tranche A Term Facility and any other Incremental Term Facility then outstanding, and Incremental Term Facilities consisting of a tranche A term facility (i.e., a term loan facility having
    amortization, tenor and other terms customary for the term loan A market) may have different mandatory prepayments from the Tranche A Facility so long as such prepayments are added for the benefit of the Tranche A Facility and the Tranche A Facility
    participates on a ratable basis in such prepayments; provided, that the foregoing limitation shall not apply to a customary 364-day loan facility or a customary bridge facility which bridge facility, subject to customary conditions,
    automatically converts into long-term debt satisfying the requirements of this clause (vi),

   

  (vii)         the Weighted Average Life to Maturity of any Incremental Term
    Facility shall be no shorter than the remaining Weighted Average Life to Maturity of the Tranche A Term Facility; provided, that the foregoing limitation shall not apply to a customary 364-day loan facility or a customary bridge facility which
    bridge facility, subject to customary conditions, automatically convert into long-term debt satisfying the requirements of this clause (vii); provided, further, that the foregoing shall not apply to the extent the Weighted Average Life to Maturity of
    any Incremental Term Facility is shorter than the Weighted Average Life to Maturity of the Tranche A Facility solely to the extent necessary to make such Incremental Term Facility fungible with the Tranche A Term Facility,

   

  (viii)        subject to clauses (vi) and (vii) above, any Incremental Term
    Facility may otherwise have an amortization schedule as determined by the Parent and the lenders providing such Incremental Term Facility,

   

  
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  (ix)           subject to clause (v) above, to the extent applicable, the
    fees payable in connection with any Incremental Facility shall be determined by the Parent and the arrangers and/or lenders providing such Incremental Facility,

   

  (x)            (A) each Incremental Facility shall (i) rank pari passu with
    (but without regard to the control of remedies) or junior to the initial Term Loans (in the case of any Incremental Term Facility) and pari passu with (but without regard to the control of remedies) or junior to the initial Revolving Loans (in the case
    of Incremental Revolving Loans), in each case in right of payment and security or (ii) be unsecured and (B) no Incremental Facility may be (x) guaranteed by any Subsidiaries other than Subsidiaries that are Guarantors or (y) secured by Liens on any
    assets other than the Collateral,

   

  (xi)           any Incremental Term Facility may provide for the ability to
    participate (A) a pro rata basis or non-pro rata basis in any voluntary prepayment of Term Loans, in each case, made pursuant to Section 2.12 and (B) on a pro rata or less than pro rata basis (but not on a greater than pro rata basis, other than in the
    case of prepayment with proceeds of Indebtedness refinancing such Incremental Term Loans) in any mandatory prepayment of Term Loans required pursuant to Section 2.13(b),

   

  (xii)          no Event of Default shall exist immediately prior to or after
    giving effect to the effectiveness of such Incremental Facility (except in connection with any Limited Condition Transaction, where solely to the extent required by the Lenders providing such Incremental Facility, no such Event of Default shall exist
    at the time as elected by the Parent pursuant to Section 1.4(d)),

   

  (xiii)         after giving effect to such Incremental Facility, the
    condition set forth in Section 5.3(a) shall be satisfied (except in connection with any Limited Condition Transaction, where solely to the extent required by the Lenders providing such Incremental Facility, the condition set forth in Section 5.3(a)
    shall be satisfied at the time as elected by the Parent pursuant to Section 1.4(d)),

   

  (xiv)        except as otherwise required or permitted in clauses (i)
    through (xi) above, all other terms of any Incremental Facility shall be as agreed between the Parent and the Lenders providing such Incremental Facility; provided to the extent such terms are not consistent with the terms in respect of the applicable
    Facility, they shall be not materially more restrictive (as determined by the Parent in good faith), when taken as a whole, than those under such applicable Facility (except for covenants or other provisions (w) that reflect market terms and conditions
    (taken as a whole) at the time of incurrence (as determined by the Parent in good faith), (x) applicable only to periods after the maturity date of such applicable Facility, (y) that are also added for the benefit of each applicable Facility or (z)
    that are reasonably satisfactory to the Administrative Agent (provided that, in the case of each of clauses (w), (y) and (z), if any financial maintenance covenant for the benefit of any Incremental Facility is added or is more restrictive than
    the financial maintenance covenants then applicable to any then-existing Tranche A Term Facility or Revolving Facility, such financial maintenance covenants shall be applied to any then-existing Tranche A Term Facility and Revolving Facility)), provided
    that any Incremental Facility in the form of term “b” loans (such Incremental Facility loans, “Term B Loans”) (x) may include a customary “excess cash flow” mandatory prepayment event, (y) may have customary call-protection, including
    “soft-call” protection in connection with any repricing transaction and (z) may also, to the extent so provided in the applicable Incremental Facility Amendment, specify whether (A) the applicable Term Lenders shall have any voting rights in respect of
    the financial covenants under the Loan Documents (it being agreed that if any subsequently incurred Term B Loans shall have such voting rights, all then outstanding Term B Loans shall also have similar voting rights) and (B) any breach of such
    covenants would result in a default or event of default for such Term Lenders prior to an acceleration of Commitments or Loans by the applicable Lenders in accordance with the terms hereof as a result of such breach (it being agreed that if any
    subsequently incurred Term B Loans shall have such a default, all then outstanding Term B Loans shall also have a similar default),

   

  
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  (xv)         the proceeds of any Incremental Facility may be used for
    working capital, Capital Expenditures and other general corporate purposes of the applicable Borrowers and their subsidiaries (including permitted Restricted Payments, Investments, permitted acquisitions, Restricted Debt Payments) and any other purpose
    not prohibited by the terms of the Loan Documents, and

   

  (xvi)        on the date of the making of any Incremental Term Loans that
    will be added to any Class of then existing Term Loans, and notwithstanding anything to the contrary set forth in Sections 2.16, such Incremental Term Loans shall be added to (and constitute a part of, be of the same Type as and, at the election of the
    Parent, 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 Term Lender providing such Incremental Term Loans will participate
    proportionately in each then-outstanding Borrowing of Term Loans of such Class; it being acknowledged that the application of this clause may result in new Incremental Term Loans having Interest Periods (the duration of which may be less than one
    month) that begin during an Interest Period then applicable to outstanding Term Benchmark Loans of the relevant Class and which end on the last day of such Interest Period.

   

  (b)           Incremental Commitments may be provided by any existing Lender or by any
    other bank, financial institution or other entity that is not an Ineligible Institution (any such other bank, financial institution or other entity being called an “Additional Lender”); provided that the Administrative Agent (and, in the
    case of any Incremental Revolving Facility, the Swingline Lender and any Issuing Lender) shall have consented (such consent not to be unreasonably withheld, conditioned or delayed) to the relevant Additional Lender’s provision of Incremental
    Commitments if such consent would be required under Section 10.6(c) for an assignment of Loans to such Additional Lender.

   

  (c)           Each Lender or Additional Lender providing a portion of any Incremental
    Commitment shall execute and deliver to the Administrative Agent and the Parent all such documentation (including the relevant Incremental Facility Amendment) as may be reasonably required by the Administrative Agent to evidence and effectuate such
    Incremental Commitment. On the effective date of such Incremental Commitment, each Additional Lender shall become a Lender for all purposes in connection with this Agreement.

   

  (d)           As a condition precedent to the effectiveness of any Incremental
    Facility or the making of any Incremental Loans, (i) upon its request, the Administrative Agent shall have received reaffirmation agreements, supplements or amendments as it shall reasonably require, (ii) the Administrative Agent shall have received,
    from each Additional Lender, an administrative questionnaire in the form provided to such Additional Lender by the Administrative Agent (the “Administrative Questionnaire”) and such other documents as it shall reasonably require from such
    Additional Lender and (iii) the Administrative Agent and applicable Additional Lenders shall have received all fees required to be paid in respect of such Incremental Facility or Incremental Loans.

   

  
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  (e)           Upon the implementation of any Incremental Revolving Facility pursuant
    to this Section 2.27:

   

  (i)             if such Incremental Revolving Facility establishes Revolving
    Commitments of the same Class as any then-existing Class of Revolving Commitments, (i) each Revolving Lender immediately prior to such increase will automatically and without further act be deemed to have assigned to each relevant Lender under such
    Incremental Revolving Facility, and each relevant Lender under such Incremental Revolving Facility 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 each deemed assignment and assumption of participations, all of the Revolving Lenders’ (including each Lender’s under such Incremental Revolving Facility) (A) participations hereunder in
    Letters of Credit and (B) participations hereunder in Swingline Loans shall be held on a pro rata basis on the basis of their respective Revolving Commitments (after giving effect to any increase in the Revolving Commitment pursuant to this Section
    2.27) and (ii) the existing Revolving Lenders of the applicable Class shall assign Revolving Loans to certain other Revolving Lenders of such Class (including the Revolving Lenders providing the relevant Incremental Revolving Facility), and such other
    Revolving Lenders (including the Revolving Lenders providing the relevant Incremental Revolving Facility) shall purchase such Revolving Loans, in each case to the extent necessary so that all of the Revolving Lenders of such Class participate in each
    outstanding Borrowing of Revolving Loans pro rata on the basis of their respective Revolving Commitments of such Class (after giving effect to any increase in the Revolving Commitment pursuant to this Section 2.27); it being understood and agreed 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 this clause (i); and

   

  (ii)            if such Incremental Revolving Facility establishes Revolving
    Commitments of a new Class, (1) the borrowing and repayment (except for (A) payments of interest and fees at different rates on any Revolving Facility, (B) repayments required upon the maturity date of any Revolving Facility and (C) repayments made in
    connection with any permanent repayment and termination of any Revolving Commitments (subject to clause (3) below)) of Incremental Revolving Loans after the effective date of such Incremental Revolving Facility shall be made on a pro rata basis
    with any then-existing Revolving Facility, (2) all Swingline Loans and/or Letters of Credit made or issued, as applicable, under such Incremental Revolving Facility shall be participated on a pro rata basis by all Revolving Lenders 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 any Incremental Revolving Facility shall be made on a pro rata basis or less than
    pro rata basis with all other Revolving Facilities, except that the applicable Borrowers shall be permitted to permanently repay Revolving Loans and terminate Revolving Commitments of any Revolving Facility on a greater than pro rata basis (I) as
    compared to any other Revolving Facilities with a later maturity date than such Revolving Facility or (II) with the proceeds of Indebtedness refinancing such Revolving Facility.

   

  (f)            On the date of effectiveness of any Incremental Revolving Facility, the
    maximum amount of L/C Exposure and/or Swingline Loans, as applicable, permitted hereunder shall increase by an amount, if any, agreed upon by the Administrative Agent, the Parent and the relevant Issuing Lender and/or the Swingline Lender, as
    applicable.

   

  (g)           The Lenders hereby irrevocably authorize the Administrative Agent to
    enter into any Incremental Facility Amendment and/or any amendment to any other Loan Document with the Parent or the applicable Borrowers as may be necessary in order to establish new or any increase in any Classes or sub-Classes in respect of Loans or
    commitments pursuant to this Section 2.27 and such technical amendments as may be necessary or appropriate in the reasonable opinion of the Administrative Agent and the Parent in connection with the establishment or increase, as applicable, of such
    Classes or sub-Classes, in each case on terms consistent with this Section 2.27 (including with respect to the appointment of a Subsidiary Guarantor as a Borrower in respect of such Incremental Facility).

   

  
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  (h)           Notwithstanding anything to the contrary in this Section 2.27 (including
    Section 2.27(d)) or in any other provision hereof or of any other Loan Document, if the proceeds of any Incremental Facility are intended to be applied to finance an acquisition or other Investment and the lenders providing such Incremental Facility so
    agree, the availability thereof shall be subject solely to customary “SunGard” or “certain funds” conditionality (including the making and accuracy of customary specified representations in connection with such acquisition or other Investment).

   

  (i)            This Section 2.27 shall supersede any provision in Section 2.19 or 10.1
    to the contrary.

   

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

   

  (a)           commitment fees shall cease to accrue on the Available Revolving
    Commitment (if any) of such Defaulting Lender pursuant to Section 2.10(a);

   

  (b)           if there are any Swingline Loans outstanding or Letters of Credit
    outstanding at the time such Revolving Lender becomes a Defaulting Lender then:

   

  (i)            all or any part of such outstanding Swingline Loans or
    outstanding Letters of Credit shall be reallocated among the Revolving Lenders that are not Defaulting Lenders in accordance with their respective Revolving Percentages but only to the extent the sum of all outstanding Revolving Extensions of Credit of
    the Revolving Lenders that are not Defaulting Lenders does not exceed the total of all Revolving Commitments of the Revolving Lenders that are not Defaulting Lenders (for the avoidance of doubt, no Lender shall be required to make Revolving Extensions
    of Credit in excess of its Revolving Commitment);

   

  (ii)           if the reallocation described in clause (i) above cannot, or
    can only partially, be effected, each applicable Borrower shall within one Business Day following notice by the Administrative Agent (x) first, prepay such Defaulting Lender’s Revolving Percentage of the outstanding Swingline Loans (after giving effect
    to any partial reallocation pursuant to clause (i) above) and (y) second, (1) if a drawing is made under any Letter of Credit, such Borrower shall reimburse the applicable Issuing Lender in accordance with Section 3.5 and (2) if a Letter of Credit is
    requested by such Borrower in accordance with Section 3.2 during any period where there is a Defaulting Lender that is a Revolving Lender, such Borrower shall enter into an arrangement reasonably satisfactory to the applicable Issuing Lender to cover
    in whole or in part (which such arrangement may include cash collateralization) the exposure of the applicable Issuing Lender related to the participating interests of such Defaulting Lender in such newly issued Letter of Credit (after giving effect to
    any partial reallocation pursuant to clause (i) above) for so long as such Lender is a Defaulting Lender or until such Lender is replaced pursuant to Section 2.24;

   

  (iii)          if and so long as a Borrower cash collateralizes any portion
    of such Defaulting Lender’s Revolving Percentage of outstanding Letters of Credit pursuant to clause (ii) above, then such Borrower shall not be required to pay any fees to such Defaulting Lender pursuant to Section 3.3 with respect thereto;

   

  
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  (iv)          upon any reallocation described in clause (i) above, the fees
    payable to the Revolving Lenders pursuant to Sections 2.10(a) and 3.3 shall be adjusted accordingly to re-allocate such fees among the Revolving Lenders which are not Defaulting Lenders; and

   

  (v)           if any such Defaulting Lender’s Revolving Percentage of
    outstanding Letters of Credit is neither cash collateralized nor reallocated pursuant to clause (i) above, then, without prejudice to any rights or remedies of the applicable Issuing Lender or any Lender hereunder, all letter of credit fees payable
    under Section 3.3 with respect to such Defaulting Lender’s Revolving Percentage of outstanding Letters of Credit shall be payable to the relevant Issuing Lender until such cash collateralization and/or reallocation occurs;

   

  (c)           no Swingline Lender shall be required to fund any Swingline Loan and no
    Issuing Lender shall be required to issue, amend or increase any Letter of Credit, unless it is reasonably satisfied that the related exposure will be covered in whole or in part by the Revolving Commitments of the Revolving Lenders that are not
    Defaulting Lenders and/or cash collateral or other arrangements will be provided by each applicable Borrower in accordance with clause (b)(ii) above, and participating interests in any such newly issued or increased Letter of Credit or newly made
    Swingline Loan shall be (i) allocated among the Revolving Lenders that are not Defaulting Lenders and/or (ii) covered by arrangements made by each applicable Borrower pursuant to clause (b)(ii) above in a manner consistent with clauses (b)(i) and (ii)
    (and any such Defaulting Lenders shall not participate therein);

   

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

   

  (e)           any amount payable to such Defaulting Lender hereunder (whether on
    account of principal, interest, fees or otherwise and including any amount that would otherwise be payable to such Defaulting Lender pursuant to Section 10.7 but excluding Section 2.24) shall, in lieu of being distributed to such Defaulting Lender and
    without duplication, be retained by the Administrative Agent in a segregated interest-bearing account reasonably satisfactory to the Administrative Agent and the applicable Borrower(s) and, subject to any applicable requirements of law, be applied at
    such time or times as may be determined by the Administrative Agent (i) first, to the payment of any amounts owing by such Defaulting Lender to the Administrative Agent hereunder, (ii) second, pro rata, to the payment of any amounts owing by such
    Defaulting Lender to any Issuing Lender or the Swingline Lender hereunder, (iii) third, if so determined by the Administrative Agent or requested by an Issuing Lender or the Swingline Lender, held in such account as cash collateral for existing or
    (unless such Defaulting Lender has no remaining unutilized Revolving Commitment) future funding obligations of such Defaulting Lender in respect of any existing or (unless such Defaulting Lender has no remaining unutilized Revolving Commitment) future
    participation in any Swingline Loan or Letter of Credit, (iv) fourth, to the funding of any Revolving Loan in respect of which such Defaulting Lender has failed to fund its portion thereof as required by this Agreement, as determined by the
    Administrative Agent, (v) fifth, if so determined by the Administrative Agent and the applicable Borrower(s), unless such Defaulting Lender has no remaining unutilized Revolving Commitment, held in such account as cash collateral for future funding
    obligations of the Defaulting Lender in respect of any Revolving Loans under this Agreement, (vi) sixth, to the payment of any amounts owing to any Issuing Lender or the Swingline Lender as a result of any judgment of a court of competent jurisdiction
    obtained by such Issuing Lender or the Swingline Lender against such Defaulting Lender as a result of such Defaulting Lender’s breach of its obligations under this Agreement, (vii) seventh, to the payment of any amounts owing to the applicable
    Borrower(s) as a result of any judgment of a court of competent jurisdiction obtained by such Borrower(s) against such Defaulting Lender as a result of such Defaulting Lender’s breach of its obligations under this Agreement, and (viii) eighth, to such
    Defaulting Lender or as otherwise directed by a court of competent jurisdiction, provided, that, with respect to this clause (viii), if such payment is (A) a prepayment of the principal amount of any Revolving Loans or Reimbursement Obligations
    as to which a Defaulting Lender has funded its participation and (B) made at a time when the conditions set forth in Section 5.3 are satisfied, such payment shall be applied solely to prepay the Revolving Loans of, and Reimbursement Obligations owed
    to, all Revolving Lenders that are not Defaulting Lenders under the Revolving Facility pro rata prior to being applied to the prepayment of any Revolving Loans of, or Reimbursement Obligations owed to, any Defaulting Lender. On the Revolving
    Termination Date, any remaining amounts not previously applied (except for amounts in connection with clause (vii) above) shall be returned to the applicable Defaulting Lender.

   

  
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  In the event that the Administrative Agent, the applicable Borrower(s), each Issuing Lender and the Swingline Lender each reasonably determines that any such
    Defaulting Lender has adequately remedied all matters that caused such Lender to be a Defaulting Lender, then (i) the outstanding Swingline Loans and outstanding Letters of Credit of the Revolving Lenders shall be readjusted to reflect the inclusion of
    such Lender’s Revolving Commitment and on such date such Lender shall purchase at par such of the Revolving Loans of the other Lenders (other than Swingline Loans) as the Administrative Agent shall determine may be necessary in order for such Lender to
    hold such Loans in accordance with its Revolving Percentage and (ii) any arrangements made by the applicable Borrower(s) pursuant to clause (b)(ii) above shall be terminated and any cash collateral or arrangement provided by such Borrower(s) in
    accordance thereto will be terminated or promptly returned to such Borrower(s), as applicable.

   

  The provisions of this Agreement relating to funding, payment and other matters with respect to the Revolving Facility may be adjusted by the Administrative Agent,
    with the consent of the Borrowers (such consent not to be unreasonably withheld), to the extent necessary to give effect to the provisions of this Section 2.28.

   

  Subject to Section 10.20, no reallocation hereunder shall constitute a waiver or release of any claim of any party hereunder against a Defaulting Lender arising from
    such Lender becoming 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

   

  2.29         Designation of Neogen as a
      Borrower. The Company shall be permitted, so long as no Event of Default shall have occurred and be continuing: to designate Neogen as a Borrower (effective no earlier than the Merger Effective Time) under the Revolving Facility upon (A) 3
    Business Days (or such shorter period as may be agreed by the Administrative Agent) prior written notice to the Administrative Agent (such notice to contain the name, primary business address and taxpayer identification number of Neogen) (a “Notice
      of Designation”), (B) the execution and delivery by the Company, Neogen and the Administrative Agent of a Joinder Agreement, substantially in the form of Exhibit D (a “Joinder Agreement”), providing for Neogen to become a Borrower, (C)
    compliance by the Company and Neogen with Section 6.9(c), (D) delivery by the Company or Neogen of all documentation and information as is reasonably requested in writing by the Lenders at least three days prior to the anticipated effective date of
    such designation required by U.S. regulatory authorities under applicable “know your customer” and anti- money laundering rules and regulations, including the Patriot Act and the Beneficial Ownership Regulation with respect to Neogen, and (E) upon its
    reasonable request, the delivery to the Administrative Agent of (1) corporate or other applicable resolutions, incorporation or other applicable constituent documents, officer’s certificates and legal opinions in respect of Neogen in each case
    reasonably necessary and equivalent to comparable documents delivered on the Closing Date for the Company and (2) such other documents with respect thereto as the Administrative Agent shall reasonably request.

   

  
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  2.30         Refinancing Facilities.

   

  (a)           On one or more occasions after the Merger Effective Time, the applicable
    Borrower may obtain, from any Lender or any other bank, financial institution or other institutional lender or investor (other than an Ineligible Institution) that agrees to provide any portion of Refinancing Term Loans or Other Revolving Commitments
    pursuant to a Refinancing Amendment in accordance with this ‎Section 2.30 (each, an “Additional Refinancing Lender”) (provided that the Administrative Agent, the Swingline Lender and each Issuing Lender, if applicable, shall have
    consented (not to be unreasonably withheld or delayed) to such Lender’s or Additional Refinancing Lender’s providing such Refinancing Term Loans or Other Revolving Commitments to the extent such consent, if any, would be required under Section 10.6(c)
    for an assignment of Revolving Commitments or Loans to such Lender or Additional Refinancing Lender), Credit Agreement Refinancing Indebtedness in respect of all or any portion of any Class, as selected by the applicable Borrower in its sole
    discretion, of Term Loans or Revolving Loans (or unused Commitments in respect thereof) then outstanding under this Agreement, in the form of Refinancing Term Loans, Refinancing Term Commitments, Other Revolving Commitments, or Other Revolving Loans; provided
    that notwithstanding anything to the contrary in this ‎Section 2.30 or otherwise, (1) the borrowing and repayment (except for (A) payments of interest and fees at different rates on Other Revolving Commitments (and related outstandings), (B)
    repayments required upon the maturity date of the Other Revolving Commitments and (C) repayment made in connection with a permanent repayment and termination of commitments (subject to clause ‎(3) below)) of Loans with respect to Other
    Revolving Commitments after the date of obtaining any Other Revolving Commitments shall be made on a pro rata basis with all other Revolving Commitments, (2) subject to the provisions of ‎Section 2.9(e) and ‎Section 3.9 to the extent
    dealing with Swingline Loans and Letters of Credit which mature or expire after a maturity date when there exist Other Revolving Commitments with a longer maturity date, all Swingline Loans and Letters of Credit shall be participated on a pro rata
    basis by all Lenders with Commitments in accordance with their percentage of the Commitments in respect of Revolving Loans (and except as provided in ‎Section 2.9(e) and ‎Section 3.9, without giving effect to changes thereto on an
    earlier maturity date with respect to Swingline Loans and Letters of Credit theretofore incurred or issued), (3) the permanent repayment of Revolving Loans with respect to, and termination of, Other Revolving Commitments after the date of obtaining any
    Other Revolving Commitments shall be made on a pro rata basis with all other Revolving Commitments in respect of Revolving Loans, except that the Parent shall be permitted to permanently repay and terminate commitments of any such Class on a better
    than a pro rata basis as compared to any other Class with a later maturity date than such Class and (4) assignments and participations of Other Revolving Commitments and Other Revolving Loans shall be governed by the same assignment and participation
    provisions applicable to Revolving Commitments and Revolving Loans.

   

  (b)           Unless being entered into in connection with a Limited Condition
    Transaction (in which case the applicable terms of Section 1.4(d) shall apply) the effectiveness of any Refinancing Amendment shall be subject to the satisfaction on the date thereof of each of the conditions set forth in ‎Section 5.3 and, to
    the extent reasonably requested by the Administrative Agent, receipt by the Administrative Agent of reaffirmation agreements and/or such amendments to the Security Documents as may be reasonably requested by the Administrative Agent in order to ensure
    that such Credit Agreement Refinancing Indebtedness is provided with the benefit of the applicable Loan Documents.

   

  (c)           Each issuance of Credit Agreement Refinancing Indebtedness under ‎Section

    2.30(a) shall be in an aggregate principal amount that is (x) not less than $10,000,000 and (y) an integral multiple of $1,000,000 in excess thereof.

   

  
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  (d)           Each of the parties hereto hereby agrees that this Agreement and the
    other Loan Documents may be amended pursuant to a Refinancing Amendment, without the consent of any other Lenders, to the extent (but only to the extent) necessary to (i) reflect the existence and terms of the Credit Agreement Refinancing Indebtedness
    incurred pursuant thereto and (ii) make such other changes to this Agreement and the other Loan Documents consistent with the provisions and intent of the third paragraph of ‎Section 10.1 (without the consent of the Required Lenders called for
    therein) and (iii) effect such other amendments to this Agreement and the other Loan Documents as may be necessary or appropriate, in the reasonable opinion of the Administrative Agent and the Parent, to effect the provisions of this ‎Section
    2.30, and the Required Lenders hereby expressly authorize the Administrative Agent to enter into any such Refinancing Amendment.

   

  (e)           This ‎Section 2.30 shall supersede any provisions in ‎Section

    2.19 or ‎10.1 to the contrary.

   

  Section 3.          LETTERS

    OF CREDIT

   

  3.1           L/C Commitments.

   

  (a)           Subject to the terms and conditions hereof, each Issuing Lender, in
    reliance on the agreements of the Revolving Lenders set forth in this Section 3, agrees to issue standby letters of credit (“Letters of Credit”) for the account of any Borrower (or for the joint and several account of any Borrower and Parent or
    any of its Subsidiaries) on any Business Day in such form as may be approved from time to time by such Issuing Lender; provided that such Issuing Lender shall have no obligation to issue any Letter of Credit if, after giving effect to such
    issuance, the then outstanding L/C Obligations of such Issuing Lender would exceed such Issuing Lender’s L/C Commitment then in effect; provided further that no Issuing Lender shall issue any Letter of Credit if, after giving effect to such
    issuance, (i) the aggregate amount of the Available Revolving Commitments would be less than zero or (ii) the aggregate undrawn amount of outstanding Letters of Credit and unpaid Reimbursement Obligations under the Revolving Facility would exceed
    $30,000,000. Each Letter of Credit shall (i) be denominated in U.S. Dollars or any Foreign Currency and (ii) expire (or be subject to termination by notice from the relevant Issuing Lender to the beneficiary thereof) no later than the earlier of (x)
    the first anniversary of its date of issuance and (y) the Letter of Credit Expiration Date; provided that any Letter of Credit with a one-year term may provide for the automatic extension thereof for additional one-year periods (each, an “Auto-Extension

      Letter of Credit”) (which shall in no event extend beyond the Letter of Credit Expiration Date except to the extent cash collateralized or backstopped pursuant to arrangements reasonably acceptable to the relevant Issuing Lender and the
    applicable Borrower); provided that any such Auto-Extension Letter of Credit must, if requested by the Issuing Lender, permit the Issuing Lender to prevent any such extension at least once in each twelve-month period (commencing with the date
    of issuance of such Letter of Credit) by giving prior notice to the beneficiary thereof not later than a day in each such twelve-month period to be agreed upon at the time such Letter of Credit is issued.

   

  (b)           No Issuing Lender shall at any time be obligated to issue any Letter of
    Credit hereunder if such issuance would conflict with, or cause such Issuing Lender or any L/C Participant to exceed any limits imposed by, any applicable Requirement of Law or any pre-existing generally applicable internal policies of such Issuing
    Lender applicable to Letters of Credit issued by such Issuing Lender.

   

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

   

  
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  3.3           Fees and Other Charges.

   

  (a)           Each applicable Borrower will pay a fee on all outstanding Letters of
    Credit in U.S. Dollars (with respect to any Letters of Credit denominated in a Foreign Currency, based on the Dollar Equivalent thereof) issued for the account of such Borrower (or for the joint and several account of such Borrower and any Subsidiary)
    at a per annum rate equal to the Applicable Margin then in effect with respect to Term Benchmark Loans or RFR Loans, as the case may be, at such time under the Revolving Facility, shared ratably among the Revolving Lenders. Such fees shall be payable
    quarterly in arrears on each L/C Fee Payment Date after the issuance date. In addition, each applicable Borrower shall pay to the relevant Issuing Lender for its own account a fronting fee equal to 0.125% per annum (or such lesser amount separately
    agreed in writing between the relevant Issuing Lender and the Parent) of the undrawn and unexpired amount of each Letter of Credit issued by such Issuing Lender for the account of such Borrower (or for the joint and several account of such Borrower and
    any Subsidiary), payable quarterly in arrears on each L/C Fee Payment Date after the issuance date.

   

  (b)           In addition to the foregoing fees, each applicable Borrower shall pay or
    reimburse each Issuing Lender for such normal and customary costs and expenses as are incurred or charged by such Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering any Letter of Credit issued for the
    account of such Borrower (or for the joint and several account of such Borrower and any Subsidiary).

   

  3.4           L/C Participations.

   

  (a)           Each Issuing Lender irrevocably agrees to grant and hereby grants to
    each L/C Participant, and, to induce such Issuing Lender to issue Letters of Credit hereunder, each L/C Participant irrevocably agrees to accept and purchase and hereby accepts and purchases from such Issuing Lender, on the terms and conditions
    hereinafter stated, for such L/C Participant’s own account and risk an undivided interest equal to such L/C Participant’s Revolving Percentage in such Issuing Lender’s obligations and rights under each Letter of Credit issued hereunder and the amount
    of each draft paid by such Issuing Lender thereunder. Each L/C Participant unconditionally and irrevocably agrees with each Issuing Lender that, if a draft is paid under any Letter of Credit issued for such Issuing Lender is not reimbursed in full by
    the applicable Borrower in accordance with the terms of this Agreement such L/C Participant shall pay to such Issuing Lender upon demand at such Issuing Lender’s address for notices specified herein an amount in U.S. Dollars equal to such L/C
    Participant’s Revolving Percentage (determined, in the case of any Letter of Credit denominated in a Foreign Currency, on the date such draft is drawn) of the amount of such draft, or any part thereof, that is not so reimbursed (whether or not the
    conditions to Borrowing set forth in Section 5.3 are satisfied) (based on, in the case of any Letter of Credit denominated in a Foreign Currency, the Dollar Equivalent of the amount of such draft, or any part thereof, that is not so reimbursed). Each
    L/C Participant’s obligation to purchase participating interests pursuant to this Section 3.4(a) shall be absolute and unconditional and shall not be affected by any circumstance, including (i) any setoff, counterclaim, recoupment, defense or other
    right that such L/C Participant or any Borrower may have against any Issuing Lender, any Borrower or any other Person for any reason whatsoever; (ii) the occurrence or continuance of a Default or the failure to satisfy any of the other conditions
    specified in Section 5; (iii) any adverse change in the condition (financial or otherwise) of any Borrower; (iv) any breach of this Agreement or any other Loan Document by any Borrower, any other Loan Party or any other Lender; or (v) any other
    circumstance, happening or event whatsoever, whether or not similar to any of the foregoing.

   

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

   

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

   

  3.5           Reimbursement Obligation of the
      Borrowers. Each applicable Borrower agrees to reimburse the relevant Issuing Lender in U.S. Dollars (in the case of any Letter of Credit denominated in a Foreign Currency, in an amount equal to the Dollar Equivalent of such draft) no later than
    the first Business Day following each date on which such Issuing Lender notifies such Borrower of the date and amount of a draft presented under any Letter of Credit issued for the account of such Borrower (or for the joint and several account of such
    Borrower and any Subsidiary) and paid by such Issuing Lender for the amount of (a) such draft so paid and (b) any fees, charges or other costs or expenses incurred by such Issuing Lender in connection with such payment. Each such payment shall be made
    to the relevant Issuing Lender at its address for notices specified herein in lawful money of the United States and in immediately available funds. Interest shall be payable on any and all amounts remaining unpaid by the applicable Borrower under this
    Section from the date such amounts become payable (whether at stated maturity, by acceleration or otherwise) until payment in full at the rate set forth in (i) until the second Business Day following the date of the applicable drawing, Section 2.16(c)
    and (ii) thereafter, Section 2.16(d). The Borrowers may, subject to the conditions to borrowing set forth herein, request in accordance with Section 2.7 or 2.8 that any payment required pursuant to this Section 3.5 be financed with a Revolving Loan or
    a Swingline Loan in an equivalent amount (any such Borrowing, a “Letter of Credit Reimbursement Loan”) and, to the extent so financed, the obligation of the Borrowers to make such payment shall be discharged and replaced by the resulting
    Revolving Loan or Swingline Loan.

   

  
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  3.6           Obligations Absolute. Each
    applicable Borrower’s obligations under this Section 3 shall be absolute, unconditional and irrevocable and shall be performed strictly in accordance with the terms of this Agreement under any and all circumstances 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 any Issuing Lender under a Letter of Credit against presentation of a draft or other document that does not comply with the terms of such Letter of Credit, (iv) 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 any setoff, counterclaim or defense to payment that any
    Borrower may have or may have had against any Issuing Lender, any beneficiary of a Letter of Credit or any other Person, (v) any waiver by the Issuing Lender of any requirement that exists for the Issuing Lender’s protection and not the protection of
    any Borrower or any waiver by the Issuing Lender which does not in fact materially prejudice the applicable Borrower, (vi) honor of a demand for payment presented electronically even if such Letter of Credit requires that demand be in the form of a
    draft, or (vii) any payment made by the Issuing Lender in respect of an otherwise complying item presented after the date specified as the expiration date of, or the date by which documents must be received under, such Letter of Credit if presentation
    after such date is authorized by the Uniform Commercial Code, the ISP or the UCP, as applicable.

   

  Each Borrower also agrees with each Issuing Lender that such Issuing Lender shall not be responsible for, and such Borrower’s Reimbursement Obligations under Section
    3.5 shall not be affected by, among other things, the validity or genuineness of documents or of any endorsements thereon, even though such documents shall in fact prove to be invalid, fraudulent or forged, or any dispute between or among any Borrower
    and any beneficiary of any Letter of Credit or any other party to which such Letter of Credit may be transferred or any claims whatsoever of any Borrower against any beneficiary of such Letter of Credit or any such transferee. No Issuing Lender shall
    be liable for any error, omission, interruption or delay in transmission, dispatch or delivery of any message or advice, however transmitted, in connection with any Letter of Credit, except for errors or omissions found by a final and nonappealable
    decision of a court of competent jurisdiction to have resulted from the bad faith, gross negligence or willful misconduct of such Issuing Lender. Each Borrower agrees that any action taken or omitted by any Issuing Lender under or in connection with
    any Letter of Credit or the related drafts or documents, unless taken or omitted with bad faith, gross negligence or willful misconduct as found by a final and nonappealable decision of a court of competent jurisdiction, shall be binding on such
    Borrower and shall not result in any liability of such Issuing Lender to such Borrower. The foregoing shall not be construed to excuse any Issuing Lender from liability to the applicable Borrower to the extent of any direct damages (as opposed to
    consequential, special, indirect or punitive damages, claims in respect of which are hereby waived by each Borrower to the extent permitted by applicable law) suffered by such Borrower that are caused by such Issuing Lender’s failure to exercise the
    agreed standard of care as found by a final and nonappealable decision of a court of competent jurisdiction in determining whether drafts and other documents presented under a Letter of Credit comply with the terms thereof. The parties hereto expressly
    agree that each Issuing Lender shall have exercised the agreed standard of care in the absence of bad faith, gross negligence or willful misconduct on the part of such Issuing Lender as found by a final and nonappealable decision of a court of
    competent jurisdiction.

   

  3.7           Letter of Credit Payments. If
    any draft shall be presented for payment under any Letter of Credit, the relevant Issuing Lender shall, within a period stipulated by the terms and conditions of such Letter of Credit following its receipt of such draft, examine such draft. The Issuing
    Lender shall, promptly after such examination, notify the applicable Borrower of the date and amount of such draft. The responsibility of the relevant Issuing Lender to any Borrower in connection with any draft presented for payment under any Letter of
    Credit shall, in addition to any payment obligation expressly provided for in such Letter of Credit, be limited to determining that the documents (including each draft) delivered under such Letter of Credit in connection with such presentment are in
    substantial compliance with the terms of such Letter of Credit. The relevant Issuing Lender may, in its sole discretion, either accept and make payment upon such documents without responsibility for further investigation, regardless of any notice or
    information to the contrary, or refuse to accept and make payment upon such documents if such documents are not in strict compliance with the terms of such Letter of Credit.

   

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

   

  3.9           Provisions Related to Letters of
      Credit in Respect of Extended Revolving Commitments. If the Letter of Credit Expiration Date in respect of any Class, tranche or series of Revolving Commitments occurs prior to the expiry date of any Letter of Credit, then (i) if consented to by
    the Issuing Lender which issued such Letter of Credit, if one or more other Classes, tranches or series of Revolving Commitments in respect of which the Letter of Credit Expiration Date shall not have so occurred are then in effect, such Letters of
    Credit for which consent has been obtained shall automatically be deemed to have been issued (including for purposes of the obligations of the Revolving Lenders to purchase participations therein and to make Revolving Loans and payments in respect
    thereof pursuant to Sections ‎3.4 and ‎3.5 under (and ratably participated in by Lenders pursuant to) the Revolving Commitments in respect of such non-terminating tranches up to an aggregate amount not to exceed the aggregate amount of the unutilized
    Revolving Commitments thereunder at such time (it being understood that no partial face amount of any Letter of Credit may be so reallocated) and (ii) to the extent not reallocated pursuant to immediately preceding clause ‎(i), the Parent shall
    cash collateralize at 101% of the undrawn face amount any such Letter of Credit. Upon the maturity date of any tranche of Revolving Commitments, the sublimit for Letters of Credit may be reduced as agreed between the Issuing Lender and the Parent,
    without the consent of any other Person.

   

  3.10         Rollover of Existing Letters of
      Credit. On and after the Merger Effective Time, each letter of credit identified on Schedule 3.10 (each, an “Existing Letter of Credit”) shall be deemed to be a Letter of Credit issued hereunder at the Merger Effective Time for all
    purposes under this Agreement and the other Loan Documents, and the issuer of each Existing Letter of Credit shall be deemed to be an Issuing Lender for all purposes hereunder and under the other Loan Documents with respect to such Existing Letter of
    Credit.

   

  Section 4.          REPRESENTATIONS

    AND WARRANTIES

   

  To induce the Administrative Agent and the Lenders to enter into this Agreement and to make the Loans and issue or participate in the Letters of Credit, the Parent
    and, as to itself, each other Borrower (if any) hereby represent and warrant to the Administrative Agent and each Lender on the Effective Date (solely with respect to the Specified Representations), the Closing Date, the Merger Effective Time and on
    each other date thereafter of any extension of credit hereunder (it being understood, in each case, that no representations or warranties relating to the Neogen Business shall be made by the Company prior to the Merger Effective Time) that:

   

  4.1           Financial Condition.

   

  (a)           The SpinCo Financial Information fairly presents, in all material
    respects, the financial condition and results of operations of the SpinCo Business, as of the dates indicated therein and for the periods referred to therein; provided that the SpinCo Financial Information and the representations and warranties
    in this Section 4.1(a) are qualified by the fact that (i) the SpinCo Business has not operated on a separate standalone basis and has historically been reported within 3M’s combined financial statements, and (ii) the SpinCo Financial Information
    assumes certain allocated charges and credits, which do not necessarily reflect amounts that would have resulted from arm’s-length transactions or that the SpinCo Business would incur on a standalone basis. The SpinCo Financial Information was prepared
    based on the accrual basis of accounting consistently applied by 3M and consistent with the methodologies described in the sell-side financial due diligence report prepared by a “big four” accounting firm, dated October 30, 2020, and supplemented as of
    October 25, 2021, related to the unaudited, adjusted carve out statement of revenue and expenses and select balance sheet information of the SpinCo Business for the periods indicated therein, and were derived from the financial reporting systems and
    the consolidated financial statements of 3M, which consolidated financial statements were prepared in accordance with GAAP.

   

  
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  (b)           The audited consolidated balance sheets of the Parent most recently
    delivered pursuant to Section 6.1(a) and the related consolidated statements of income and cash flows of the Parent for such fiscal year, and the unaudited consolidated balance sheet of the Parent most recently delivered pursuant to Section 6.1(b) and
    the related consolidated statements of income and cash flows of the Parent for such quarterly period, in each case, present fairly in all material respects the financial condition of the Parent as at such dates, and the combined results of its
    operations and its combined cash flows for the applicable annual or quarterly period then ended. All such financial statements, including the related schedules and notes thereto, have been prepared in accordance with GAAP applied consistently
    throughout the periods involved (except as approved by BDO USA, LLP and disclosed therein).

   

  4.2           No Change. Except as set forth in any Exchange Act Reports, since December 31, 2021, there has not occurred any change, development or event that, individually or in the aggregate, has had or would
    reasonably be expected to have a Material Adverse Effect.

   

  4.3           Existence; Compliance with Law.
    Each of the Parent and its Subsidiaries (a) is (except in the case of any Immaterial Subsidiary) duly organized, validly existing and in good standing (to the extent such concept is relevant in the applicable jurisdiction) under the laws of the
    jurisdiction of its organization, (b) has the corporate or other organizational power and authority, and the legal right, to own and operate its property, to lease the property it operates as lessee and to conduct the business in which it is currently
    engaged, (c) is duly qualified as a foreign corporation or other entity and in good standing under the laws of each jurisdiction where its ownership, lease or operation of property or the conduct of its business requires such qualification and (d) is
    in compliance with all Requirements of Law (including, to the extent applicable, the Patriot Act) except, in the case of clauses (a) (except with respect to the Parent), (b), (c) and (d), to the extent that the failure to be qualified or comply would
    not, in the aggregate, reasonably be expected to have a Material Adverse Effect.

   

  4.4           Power; Authorization; Enforceable
      Obligations. (a) Each Loan Party has the corporate or other organizational power and authority, and the legal right, to make, deliver and perform the Loan Documents to which it is a party and, in the case of each Borrower, to borrow hereunder.
    (b) Each Loan Party has taken all necessary corporate or other organizational action to authorize the execution, delivery and performance of the Loan Documents to which it is a party and, in the case of each Borrower, to authorize the Borrowings on the
    terms and conditions of this Agreement. (c) No consent or authorization of, filing with, notice to or other act by or in respect of, any Governmental Authority or any other Person is required in connection with the Transaction and the Borrowings
    hereunder or with the execution, delivery, performance, validity or enforceability of this Agreement or any of the other Loan Documents, except (i) consents, authorizations, filings and notices described in Schedule 4.4, which consents, authorizations,
    filings and notices have been obtained or made and are in full force and effect or will have been obtained or made and be in full force and effect on the Merger Effective Time or (ii) where the failure to obtain such consent or authorization, or
    failure to file or provide notice would not, in the aggregate, reasonably be expected to have a Material Adverse Effect. (d) Each Loan Document has been duly executed and delivered on behalf of each Loan Party that is a party thereto. (e) This
    Agreement constitutes, and each other Loan Document upon execution will constitute, a legal, valid and binding obligation of each Loan Party that is a party thereto, enforceable against each such Loan Party in accordance with its terms, except as
    enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and by general equitable principles (whether enforcement is sought by proceedings in
    equity or at law).

   

  
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  4.5           No Legal Bar. The execution,
    delivery and performance of this Agreement and the other Loan Documents, the issuance of Letters of Credit, the Borrowings hereunder and the use of the proceeds thereof will not violate (a) the Certificate of Incorporation and By-Laws or other
    organizational or governing documents of the Parent or any of its Subsidiaries and (b) any other Requirement of Law or any Contractual Obligation of the Parent or any of its Subsidiaries and will not result in, or require, the creation or imposition of
    any Lien on any of their respective properties or revenues pursuant to any Requirement of Law or any such Contractual Obligation (other than the Liens created by the Security Documents), except to the extent, in this clause (b), such violation would
    not reasonably be expected to have a Material Adverse Effect.

   

  4.6           Litigation. Except as
    disclosed in any Exchange Act Report, no litigation, investigation or proceeding of or before any arbitrator or Governmental Authority is pending or, to the Knowledge of any Borrower, threatened by or against the Parent or any of its Subsidiaries or
    against any of their respective properties or revenues (a) with respect to any of the Loan Documents or any of the transactions contemplated hereby or thereby, or (b) that would reasonably be expected to have a Material Adverse Effect.

   

  4.7           No Default.

   

  (a)           Neither the Parent nor any of its Subsidiaries is in default under or
    with respect to any of its Contractual Obligations which such default has resulted in a Material Adverse Effect.

   

  (b)           No Default has occurred and is continuing (it being understood that this
    representation is made only after the Merger Effective Time).

   

  4.8           Ownership of Property. Each
    of the Parent and its Subsidiaries has title in fee simple to, or a valid leasehold interest in, all its material real property and good title to, or a valid leasehold interest in, all its other property, except where such failure would not, in the
    aggregate, reasonably be expected to have a Material Adverse Effect.

   

  4.9           Intellectual Property. The
    Parent and each of its Subsidiaries owns, or is licensed to use, all material Intellectual Property, other than patents, necessary for the conduct of its business as currently conducted, and to the Knowledge of the Parent, the Parent and each of its
    Subsidiaries owns, or is licensed to use, all material patents necessary for the conduct of its business as currently conducted, and no claim has been asserted and is pending by any Person challenging or questioning the use of any such material
    Intellectual Property (including such patents) or the validity of any such material Intellectual Property (including such patents), nor does the Parent know of any valid basis for any such claim, except, in each of the foregoing cases, as would not, in
    the aggregate, reasonably be expected to result in a Material Adverse Effect. No use of Intellectual Property by the Parent and its Subsidiaries infringes on the rights of any Person, except where such use would not, individually or in the aggregate,
    reasonably be expected to result in a Material Adverse Effect.

   

  4.10         Taxes. Except as would not be
    expected to result in a Material Adverse Effect, each of the Parent and each of its Subsidiaries has filed or caused to be filed all Federal, state and other tax returns that are required to be filed and has paid all Taxes (whether or not shown to be
    due and payable on said returns or assessments made against it or any of its property) by any Governmental Authority (other than any amount or validity of which are currently being contested in good faith by appropriate proceedings and with respect to
    which reserves in conformity with GAAP have been provided on the books of the Parent or such Subsidiary, as the case may be).

   

  
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  4.11         [Reserved].

   

  4.12         Federal Regulations. No part
    of the proceeds of any Loans will be used by Parent or any of its Subsidiaries for “buying” or “carrying” any “margin stock” within the respective meanings of each of the quoted terms under Regulation U as now and from time to time hereafter in effect
    or for any purpose that violates the provisions of the Regulations of the Board.

   

  4.13         Labor Matters. Except as, in
    the aggregate, would not reasonably be expected to have a Material Adverse Effect: (a) there are no strikes or other labor disputes against the Parent or any of its Subsidiaries pending or, to the Knowledge of the Parent, threatened and (b) hours
    worked by and payment made to employees of the Parent and its Subsidiaries have not been in violation of the Fair Labor Standards Act or any other applicable Requirement of Law dealing with such matters.

   

  4.14         ERISA. During the five-year
    period prior to the date on which this representation is made, except as would not reasonably be expected to have a Material Adverse Effect, (a) neither a Reportable Event nor a “failure to meet the minimum funding standards” (within the meaning of
    Section 412 of the Code or Section 302 of ERISA) has occurred with respect to any Plan, (b) each Plan has complied with the applicable provisions of ERISA and the Code, and (c) no termination of a Plan under Section 4041(c) of ERISA has occurred, and
    no Lien in favor of the PBGC or a Plan has arisen, during such five-year period. The present value of all accrued benefits under each Plan (based on those assumptions used to fund such Plans) did not, as of the last annual valuation date prior to the
    date on which this representation is made or deemed made, exceed the value of the assets of such Plan allocable to such accrued benefits by an amount which would reasonably be expected to have a Material Adverse Effect. Neither the Company, Neogen, nor
    any Commonly Controlled Entity of the Company or Neogen has had a complete or partial withdrawal from any Multiemployer Plan that has resulted or would reasonably be expected to result in a Material Adverse Effect. Except as would not reasonably be
    expected to result in a Material Adverse Effect, no such Multiemployer Plan is or is expected to be Insolvent.

   

  4.15         Investment Company Act; Other
      Regulations. No Loan Party is required to register as an “investment company” within the meaning of the Investment Company Act of 1940, as amended.

   

  4.16         Subsidiaries. Schedule 4.16
    sets forth the name and jurisdiction of formation of each Subsidiary and, as to each such Subsidiary, the percentage of each class of Capital Stock owned by any Loan Party, in each case, on the Effective Date.

   

  4.17         Use of Proceeds.

   

  (a)           The proceeds of the Term Loans made on the Closing Date will be used to
    finance the Spinco Cash Contribution and the other Transactions, to pay fees and expenses relating to the Transactions and, from and after the Merger Effective Time, to finance working capital and general corporate purposes of the Parent and its
    Subsidiaries.

   

  (b)           The proceeds of the Revolving Loans shall be used to finance the working
    capital needs and general corporate purposes of the Parent and its Subsidiaries or for any other purpose not prohibited under this Agreement.

   

  
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  (c)           The proceeds of the Swingline Loans and the Letters of Credit shall be
    used for working capital and general corporate purposes or for any other purpose not prohibited under this Agreement.

   

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

   

  (a)           the facilities and real properties owned, leased or operated by the
    Parent or any of its Subsidiaries (the “Properties”) do not contain any Materials of Environmental Concern under circumstances that constitute a violation of, or would reasonably be expected to give rise to liability under, any Environmental
    Law;

   

  (b)           neither the Parent nor any of its Subsidiaries has received any written
    notice of violation, alleged violation, non-compliance, liability or potential liability regarding Environmental Laws with regard to any of the Properties or the business operated by the Parent or any of its Subsidiaries (the “Business”) nor
    does any Borrower have Knowledge of any such threatened notice;

   

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

   

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

   

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

   

  (f)            the Parent and its Subsidiaries are, and have in the last five years
    been in compliance, with all applicable Environmental Laws.

   

  4.19         Accuracy of Information, etc.

   

  (a)           (i) Written factual information, other than the Projections,
    forward-looking statements, estimates and information of a general economic or industry specific nature (the “Information”), that has been made available to the Administrative Agent or the Arrangers in connection with the transactions
    contemplated by this Agreement, concerning the SpinCo Business, the Parent, its Subsidiaries, the Transactions and the other transactions contemplated by this Agreement, when taken as a whole, does not contain any untrue statement of a material fact or
    omit to state a material fact necessary in order to make the statements contained therein not materially misleading in light of the circumstances under which such statements are made (after giving effect to all supplements and updates thereto and to
    any information contained in any public filing made by 3M or Neogen with the SEC) and (ii) the Projections have been prepared in good faith based upon assumptions believed by the Parent to be reasonable at the time furnished (it being recognized by us
    that such Projections are not to be viewed as facts and are subject to significant uncertainties and contingencies many of which are beyond your control and that actual results during the period or periods covered by any such Projections may differ
    from the projected results, and such differences may be material).

   

  
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  (b)           As of the Effective Date, to the best Knowledge of the Company, the
    information included in the Beneficial Ownership Certification provided on or prior to the Effective Date to any Lender in connection with this Agreement is true and correct in all material respects.

   

  4.20         Security Documents. The
    Collateral Agreement will, upon execution and delivery thereof, be effective to create in favor of the Collateral Agent, for the benefit of the Administrative Agent and the Lenders, a legal, valid and enforceable (except as enforceability may be
    limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally) security interest in the Collateral described therein and proceeds thereof. In the case of the Pledged
    Stock described in the Collateral Agreement, when the Administrative Agent (or its designee or agent) obtains control of stock certificates representing such Pledged Stock (as defined in the Collateral Agreement), in the case of the other Collateral
    described in the Collateral Agreement (other than any Intellectual Property constituting Collateral), when financing statements and other filings in appropriate form are or have been filed in the appropriate offices pursuant to Section 6.12, and, in
    the case of Intellectual Property constituting Collateral, when financing statements and other filings in appropriate form are or have been filed in the appropriate offices and appropriate filings have been filed with the United States Patent and
    Trademark Office or United States Copyright Office, as applicable, the Collateral Agreement shall constitute a fully perfected Lien on, and security interest in, all right, title and interest of the Loan Parties in such Collateral and the proceeds
    thereof to the extent a security interest can be perfected by filings or other action required thereunder as security for the Obligations (as defined in the Collateral Agreement), in each case prior and superior in right to Liens of any other Person
    (except, Liens permitted by Section 7.3).

   

  4.21         Solvency. As of the Closing
    Date after giving pro forma effect to the Merger Transactions (other than the Merger) and the incurrence, as applicable, of Borrowings hereunder and the Spinco Securities (and/or the Bridge Loans, if applicable), Parent and its Subsidiaries on a
    consolidated basis, are Solvent.

   

  4.22         Anti-Corruption Laws and
      Sanctions. The Parent has implemented and maintains in effect policies and procedures reasonably designed to promote compliance by the Parent, its Subsidiaries and their respective directors, officers, employees and agents with Anti-Corruption
    Laws and applicable Sanctions, and the Parent, its Subsidiaries and, to the Knowledge of the Parent, its directors, officers, employees and agents, acting in their capacity as such, are in compliance with Anti-Corruption Laws and applicable Sanctions
    in all material respects. None of (a) the Parent, any Subsidiary or, to the Knowledge of the Parent, any of the Parent’s directors, officers or employees, or (b) to the Knowledge of the Parent, any agent of the Parent or any Subsidiary that will act in
    any capacity in connection with or benefit from the credit facilities established hereby, is a Sanctioned Person. No Loan or Letter of Credit, or direct or, to any Borrower’s Knowledge, indirect use of proceeds thereof, will violate Anti-Corruption
    Laws or applicable Sanctions.

   

  4.23         Affected Financial Institutions.
    No Loan Party is an Affected Financial Institution.

   

  Section 5.          CONDITIONS

    PRECEDENT

   

  5.1           Conditions to the Effective Date.
    The effectiveness of this Agreement is subject to the prior or concurrent satisfaction of the following conditions precedent:

   

  (a)           Credit Agreement. The Administrative Agent shall have
    received this Agreement, executed and delivered by the Company, the Administrative Agent and the Lenders, dated the Effective Date.

   

  
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  (b)           KYC. The Administrative Agent shall have received, at least three
    Business Days prior to the Effective Date, all documentation and other information about the Company as has been reasonably requested in writing at least ten Business Days prior to the Effective Date by the Administrative Agent or the Arrangers that
    they reasonably determine is required by regulatory authorities under applicable “know your customer” and anti-money laundering rules and regulations, including the Patriot Act and the Beneficial Ownership Regulation.

   

  (c)           [Reserved].

   

  (d)           Effective Date Certificate. The Administrative Agent (or its
    counsel) shall have received a certificate of the Company, dated as of the Effective Date executed by a secretary, assistant secretary or other senior officer (as the case may be) thereof, which shall (A) certify that attached thereto is a true and
    complete copy of the resolutions or written consents of its board of directors authorizing the entry into the Loan Documents to which it is a party and the Borrowings, and that such resolutions or written consents have not been modified, rescinded or
    amended and are in full force and effect, (B) identify by name and title and bear the signatures of the officers, managers, directors or authorized signatories of the Company authorized to sign the Loan Documents to which it is a party on the Effective
    Date, (C) certify that attached thereto is a true and complete copy of the certificate or articles of incorporation (or other equivalent thereof) of the Company and a true and correct copy of its by-laws or similar document and (D) attach a certificate
    of good standing (or equivalent), if available in the applicable jurisdiction, dated as of a recent date from the Company’s jurisdiction of organization.

   

  (e)           Legal Opinion. The Administrative Agent shall have received the
    executed legal opinion in the customary form of Wachtell, Lipton, Rosen & Katz special New York counsel to the Company.

   

  For purposes of determining compliance with the conditions specified in this Section 5.1, each Lender that has signed this Agreement shall be deemed to have consented
    to, approved or accepted or to be satisfied with, each document or other matter required thereunder to be consented to or approved by or acceptable or satisfactory to a Lender unless the Administrative Agent shall have received notice from such Lender
    prior to the proposed Effective Date specifying its objection thereto. The Administrative Agent shall give the Borrower and the Lenders notice of occurrence of the Effective Date. The giving of such notice by the Administrative Agent shall conclusively
    be deemed to constitute an acknowledgement by the Administrative Agent and each Lender that each of the conditions precedent set forth in this Section 5.1 shall have been satisfied in accordance with its respective terms or shall have been irrevocably
    waived by such Person.

   

  5.2           Conditions to the Closing Date.
    The occurrence of the Closing Date and the agreement of each Lender to make extensions of credit hereunder on the Closing Date is subject to the prior or concurrent satisfaction (or waiver by the Required Lenders (other than Section 5.2(i), which shall
    be subject to the consent of each affected Lender)) of the following conditions precedent:

   

  (a)           Effective Date. The Effective Date shall have occurred.

   

  (b)           Fees. The Administrative Agent shall have received payment in
    cash of all fees required to be paid on the Closing Date and reimbursement in respect of all reasonable out-of-pocket expenses required to be reimbursed on the Closing Date in each case pursuant to the Fee Letter, the Administrative Agent Fee Letter or
    this Agreement, and the Revolving Facility Arrangement Fee as defined in and payable pursuant to the Engagement Letter, to the extent, in the case of expenses, invoiced at least three Business Days prior to the Closing Date.

   

  
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  (c)           Closing Certificates. The Administrative Agent (or its counsel)
    shall have received (i) a certificate of a Responsible Officer of the Company certifying satisfaction of the conditions set forth in clauses (e) and (h) of this Section 5.2, (ii) a certificate of a Responsible Officer of the Company, certifying that
    not later than one Business Day following the Closing Date the Merger, the Contribution, the Spinco Cash Distribution and the Distribution are expected to be consummated in all material respects in accordance with the terms of the Merger Agreement and
    the Separation and Distribution Agreement, as applicable, without giving effect to any modifications, consents, amendments or waivers thereto by Neogen that in each case are materially adverse to the interests of the Lenders or the Arrangers, in their
    capacities as such (in each case, it being understood and agreed that any change in the definition of “SpinCo Material Adverse Effect” in the Merger Agreement shall be deemed to be materially adverse to the Lenders and the Arrangers, in their
    capacities as such), unless the Arrangers shall have provided their written consent thereto (such consent not to be unreasonably withheld, conditioned or delayed) and (iii) a certificate of the Company, dated as of the Closing Date executed by a
    secretary, assistant secretary or other senior officer (as the case may be) thereof, which shall (A)(1) certify that attached thereto is a true and complete copy of the resolutions or written consents of its board of directors authorizing the entry
    into the Loan Documents to which it is a party and the Borrowings, and that such resolutions or written consents have not been modified, rescinded or amended and are in full force and effect, (2) identify by name and title and bear the signatures of
    the officers, managers, directors or authorized signatories of the Company authorized to sign the Loan Documents to which it is a party on the Closing Date, (3) certify that attached thereto is a true and complete copy of the certificate or articles of
    incorporation (or other equivalent thereof) of the Company certified by the relevant authority of the jurisdiction of organization of the Company and a true and correct copy of its by-laws and (4) attach certificate of good standing as of a recent date
    from the Company’s jurisdiction of incorporation, or (B) certify that there have been no changes to the certificate provided pursuant to Section 5.1(e) above, and such certificate remains true, correct and complete on the Closing Date and attach a
    certificate of good standing as of a recent date from the Company’s jurisdiction of incorporation.

   

  (d)           Historical Financial Statements. The Administrative Agent shall
    have received (i) audited combined balance sheets of the SpinCo Business for the two most recently completed fiscal years ended at least 90 days before the Closing Date, and related combined statements of income, comprehensive income, changes in equity
    and cash flows of the SpinCo Business for the three most recently completed fiscal years ended at least 90 days before the Closing Date, (ii) unaudited interim combined balance sheets and related statements of income, comprehensive income and cash
    flows of the SpinCo Business for any subsequent interim financial period ended at least 60 days prior to the Closing Date, and (except with respect to the combined balance sheet) for the comparable period of the prior fiscal year, (iii) audited
    consolidated annual balance sheets of the Neogen Business for the two most recently completed fiscal years ended at least 60 days before the Closing Date, and related statements of operations and comprehensive income, stockholders equity and cash flows
    of the Neogen Business for the three most recently completed fiscal years ended at least 60 days before the Closing Date, (iv) unaudited interim consolidated balance sheets and related statements of operations and comprehensive income and cash flows of
    the Neogen Business for any subsequent interim financial period ended at least 45 days prior to the Closing Date, and (except with respect to the consolidated balance sheet) for the comparable period of the prior fiscal year and (v) customary unaudited
    pro forma financial statements of the Combined Business giving effect to the Transactions, as of the date of and for the period ending on the date of the latest financial statements of Neogen pursuant to the applicable clause above, in the form
    customarily included in an offering memorandum for an offering of non-convertible, high-yield debt securities issued pursuant to Rule 144A under the Securities Act, but which need not be prepared in compliance with Regulation S-X of the Securities Act
    of 1933, as amended, or include adjustments for purchase accounting. The public filing with the Securities and Exchange Commission under the Securities Exchange Act of 1934, as amended, of any of the foregoing financial statements, will satisfy the
    requirements under clauses (i), (ii), (iii), (iv) or (v), as applicable, of the first sentence of this paragraph. The Arrangers hereby acknowledge receipt of (a) the audited financial statements referred to in clause (i) above for the 2020 and 2021
    fiscal years of the SpinCo Business, (b) the unaudited financial statements referred to in clause (ii) above for the fiscal quarter of the SpinCo Business ending March 31, 2022, (c) the audited financial statements referred to in clause (iii) above for
    the 2020 and 2021 fiscal years of the Neogen Business, (d) the unaudited financial statements referred to in clause (iv) above for the fiscal quarters of the Neogen Business ending August 31, 2021, November 30, 2021 and February 28, 2022 and (e) the
    unaudited pro forma financial statements of the Combined Business referred to in clause (v) above as of and for the period ending February 28, 2022.

   

  
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  (e)           Material
        Adverse Effect. Except as otherwise disclosed or identified in (a) the Company SEC Documents (as defined in the Merger Agreement as in effect on December 13, 2021) filed and publicly available on the SEC’s EDGAR database at least one Business
      Day (as defined in the Merger Agreement as in effect on December 13, 2021) prior to the date of the Merger Agreement (excluding any disclosures of factors or risks contained or references therein under the captions “Risk Factors” or “Forward-Looking
      Statements” to the extent they are forward-looking statements and any other similar general, predictive or cautionary statements) or (b) the corresponding section or subsection of the SpinCo Disclosure Schedule (as defined in the Merger Agreement as
      in effect on December 13, 2021) (it being understood that each such disclosure shall also apply to each other representation and warranty contained in Article V of the Merger Agreement to the extent that it is reasonably apparent on the face of such
      disclosure that it is relevant to or applies to such representation or warranty), since June 30, 2021, there has not been any SpinCo Material Adverse Effect (as defined in the Merger Agreement as in effect on December 13, 2021).

   

  (f)            [Reserved].

   

  (g)           Solvency Certificate. The Administrative Agent shall have
    received a solvency certificate dated as of the Closing Date in substantially the form of Exhibit G from a Responsible Officer of the Company.

   

  (h)           Specified Representations and Merger Transaction Representations.
    The Specified Representations and the Merger Transaction Representations shall be true and correct in all material respects on and as of the Closing Date (although any Specified Representation or Merger Transaction Representation which expressly
    relates to a given date or period shall be required only to be true and correct in all material respects as of the respective date or for the respective period, as the case may be).

   

  (i)            Notes. The Administrative Agent shall have received Notes
    executed by the Parent in favor of each Lender requesting Notes (if any).

   

  (j)            SpinCo Securities. The Company shall have issued the SpinCo
    Securities on or prior to the Closing Date or, to the extent the SpinCo Securities have not been issued on or prior to the Closing Date, the Company shall have received (or substantially concurrently with the Closing Date shall receive) the net
    proceeds of the Bridge Loans.

   

  
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  5.3           Conditions to Each Extension of
      Credit After the Closing Date. The agreement of each Lender to issue any Letter of Credit or make any Revolving Loan or Swingline Loan under the Revolving Facility (other than any Letter of Credit Reimbursement Loan) requested to be issued or
    made, as applicable, by it on any date after the Closing Date is subject to the satisfaction of the following conditions precedent:

   

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

   

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

   

  Each applicable Revolving Facility Borrowing by and issuance of a Letter of Credit on behalf of any Borrower hereunder shall constitute a representation and warranty
    by such Borrower as of the date of such extension of credit that the conditions contained in this Section 5.3 have been satisfied.

   

  Section 6.          AFFIRMATIVE

    COVENANTS

   

  From and after the Merger Effective Time, the Parent hereby agrees that, so long as the Commitments remain in effect, any Letter of Credit remains outstanding or any
    Loan or other amount is due and owing to any Lender or the Administrative Agent hereunder, the Parent shall and shall cause each of its Subsidiaries to:

   

  6.1           Financial Statements. Furnish
    to the Administrative Agent and each Lender:

   

  (a)           as soon as available, but in any event within 90 days (or 120 days in
    respect of the fiscal year ending May 31, 2022) after the end of each fiscal year of the Parent ending after the Merger Effective Time, a copy of the audited consolidated balance sheet of the Parent and its consolidated Subsidiaries as at the end of
    such year and the related audited consolidated statements of income and of cash flows (or such other similar or additional statement then required by the SEC for annual reports filed pursuant to the Exchange Act) for such year, setting forth in each
    case in comparative form the figures for the previous year, reported on without a “going concern” or like qualification or exception, or qualification arising out of the scope of the audit (other than any such exception or explanatory paragraph, but
    not a qualification, that is expressly solely with respect to, or expressly resulting solely from, (i) an upcoming maturity date under Indebtedness permitted under Section 7.2 that is scheduled to occur within one year from the time such audit report
    is delivered, (ii) any actual or potential inability to satisfy any Financial Covenant or any other financial covenant applicable to any Indebtedness or (iii) the activities, operations, financial results, assets or liabilities of any Unrestricted
    Subsidiary), by BDO USA LLP or other independent certified public accountants of nationally recognized standing; and

   

  (b)           as soon as available, but in any event not later than 45 days (or 60
    days in respect of the first three fiscal quarters ending after the Closing Date for which financial statements are required to be delivered pursuant to this Section 6.1(b)) after the end of each fiscal quarter of the Parent ending after the Merger
    Effective Time, the unaudited consolidated or combined, as applicable, balance sheet of the Parent and its consolidated or combined, as applicable, Subsidiaries as at the end of such quarter and the related unaudited consolidated or combined, as
    applicable, statements of income and of cash flows (or such other or similar or additional statement then required by the SEC for quarterly reports filed pursuant to the Exchange Act) for such quarter and the portion of the fiscal year through the end
    of such quarter, setting forth in each case in comparative form the figures for the previous year, certified by a Responsible Officer as fairly presenting in all material respects the financial condition of the Parent and its subsidiaries (subject to
    normal year-end audit adjustments).

   

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

   

  Financial statements and reports required to be delivered pursuant to this Section 6.1 shall be deemed to have been delivered on the date on which (a) such financial
    statements or reports have been included in the Parent’s (or any Parent Entity’s) annual report on Form 10-K or Form 10-Q, as the case may be, as filed with the SEC, and such report has been posted on the SEC website on the Internet at
    sec.gov/edaux/searches.htm (or any successor website), on the Parent’s IntraLinks site at intralinks.com or on the Parent’s (or any Parent Entity’s) website or (b) the Parent provides notice to the Administrative Agent (which notice the Administrative
    Agent shall promptly provide to the Lenders) that such financial statement or report has been posted at another relevant website identified in such notice and accessible by the Lenders without charge.

   

  6.2           Certificates; Other Information.
    Furnish to the Administrative Agent and each Lender:

   

  (a)           simultaneously with the delivery of each set of consolidated financial
    statements referred to in Section 6.1(a) and Section 6.1(b) above, the related consolidating financial information (which may be unaudited) reflecting adjustments necessary to eliminate the accounts of Unrestricted Subsidiaries (if any) from such
    consolidated financial statements;

   

  (b)           within 10 Business Days after the delivery of any financial statements
    pursuant to Section 6.1, (i) a certificate of a Responsible Officer certifying that no Default or Event of Default has occurred and is continuing except as specified in such certificate and (ii) in the case of quarterly or annual financial statements,
    a Compliance Certificate as of the last day of the fiscal quarter or fiscal year of the Parent, as the case may be;

   

  (c)           [reserved];

   

  (d)           [reserved];

   

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

   

  (f)            promptly, such additional financial information as any Lender (through
    the Administrative Agent) may from time to time reasonably request; provided, however, that no disclosure shall be required of any information (i) that constitutes non-financial trade secrets or non-financial proprietary information of
    Parent or any of its Subsidiaries or Unrestricted Subsidiaries or any of their respective customers or suppliers, (ii) in respect of which disclosure to the Administrative Agent or any Lender (or any of their respective representatives) is prohibited
    by Requirements of Law, (iii) that is subject to attorney-client or similar privilege or constitutes attorney work product or (iv) in respect of which Parent or any Subsidiary or Unrestricted Subsidiary owes confidentiality obligations to any third
    party, provided that such confidentiality obligations are not entered into in contemplation of this provision.

   

  6.3           Payment of Taxes. Pay,
    discharge or otherwise satisfy at or before maturity or before they become delinquent, as the case may be, all Tax obligations, except where the amount or validity thereof is currently being contested in good faith by appropriate proceedings and
    reserves in conformity with GAAP with respect thereto have been provided on the books of the Parent or its Subsidiaries, as the case may be, or except where such failure would not, in the aggregate, reasonably be expected to result in a Material
    Adverse Effect.

   

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

   

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

   

  6.6           Inspection of Property; Books and
      Records; Discussions. (a) Keep proper books of records and accounts in conformity in all material respects with GAAP and (b) permit representatives of the Administrative Agent (which, following the occurrence and during the continuance of an
    Event of Default, may be accompanied by representatives of any Lender), upon reasonable prior written notice, to make reasonable visits to and inspections of any of its properties and examine and make abstracts from any of its books and records at any
    reasonable time and as often as may reasonably be desired and to discuss the business, operations, properties and financial condition of the Parent and its Subsidiaries with officers of the Parent and its Subsidiaries; provided, however, that
    no disclosure shall be required of any information (i) that constitutes non-financial trade secrets or non-financial proprietary information of Parent or any of its Subsidiaries or Unrestricted Subsidiaries or any of their respective customers or
    suppliers, (ii) in respect of which disclosure to the Administrative Agent or any Lender (or any of their respective representatives) is prohibited by Requirements of Law, (iii) that is subject to attorney-client or similar privilege or constitutes
    attorney work product or (iv) in respect of which Parent or any Subsidiary or Unrestricted Subsidiary owes confidentiality obligations to any third party provided that such confidentiality obligations are not entered into in contemplation of this
    provision; and provided, further, that with respect to clause (b) unless an Event of Default has occurred and is continuing, no more than one such visit shall be made per year.

   

  6.7           Notices. Promptly give notice
    to the Administrative Agent and each Lender of:

   

  (a)           the occurrence of any Default or Event of Default upon Parent obtaining
    Knowledge thereof;

   

  (b)           any litigation, investigation or proceeding affecting the Parent or any
    of its Subsidiaries that would reasonably be expected to have a Material Adverse Effect;

   

  (c)           the following events, as soon as possible and in any event within 30
    days after the Parent has Knowledge: (i) the occurrence of any Reportable Event with respect to any Plan, a failure to make any required contribution to a Plan, the creation of any Lien in favor of the PBGC or a Plan or any withdrawal from, or the
    termination or Insolvency of, any Multiemployer Plan or (ii) the institution of proceedings or the taking of any other action by the PBGC or the Parent or any Commonly Controlled or any Multiemployer Plan with respect to the withdrawal from, or the
    termination or Insolvency of, any Plan; provided, that in each case of clauses (i) and (ii), except as would not reasonably be expected to have a Material Adverse Effect; and

   

  
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  (d)           the occurrence of a Material Adverse Effect.

   

  Each notice pursuant to this Section 6.7 shall be in writing and may be delivered electronically.

   

  6.8           Environmental Laws. Comply
    with, and take commercially reasonable steps to ensure compliance in all material respects by all tenants and subtenants, if any, with, all applicable Environmental Laws, and obtain and comply with and maintain, and take commercially reasonable steps
    to ensure that all tenants and subtenants obtain and comply in all material respects with and maintain, any and all licenses, approvals, notifications, registrations or permits required by applicable Environmental Laws, except, in each case with
    respect to this Section 6.8, to the extent the failure to do so would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect.

   

  6.9           Additional Collateral, etc.

   

  (a)           With respect to any property or rights acquired after the Merger
    Effective Time by the Parent or any of its Subsidiaries that is a Loan Party (or is required to be a Loan Party pursuant to the terms of this Agreement and the other Loan Documents) (other than any property described in paragraph (b), (c) or (d) below)
    as to which the Collateral Agent, for the benefit of the Administrative Agent and the Lenders, does not have a perfected Lien, promptly (and, in any event within 90 days following such acquisition) (i) execute and deliver to the Administrative Agent
    and the Collateral Agent such amendments to the Collateral Agreement or such other documents as the Administrative Agent or the Collateral Agent reasonably request to grant to the Collateral Agent, for the benefit of the Administrative Agent and the
    Lenders, a security interest in such property and (ii) take all actions as the Administrative Agent or Collateral Agent reasonably request to grant to the Collateral Agent, for the benefit of the Administrative Agent and the Lenders, a perfected first
    priority (subject to Liens permitted by Section 7.3) security interest in such property, including the filing of Uniform Commercial Code financing statements in such jurisdictions as may be required by the Collateral Agreement or by law or as may be
    reasonably requested by the Administrative Agent or the Collateral Agent.

   

  (b)           [Reserved].

   

  (c)           With respect to any new Subsidiary (other than any Excluded Subsidiary)
    (which, for the purposes of this paragraph (c), shall include any existing Subsidiary that ceases to be an Excluded Subsidiary), created or acquired after the Merger Effective Time promptly (and, in any event within 90 days after the acquisition or
    formation thereof or the cessation to be an Excluded Subsidiary) (i) execute and deliver to the Administrative Agent and the Collateral Agent such amendments, supplements or joinders to the Collateral Agreement as the Administrative Agent or the
    Collateral Agent reasonably request to grant to the Collateral Agent, for the benefit of the Administrative Agent and the Lenders, a perfected first priority (subject to Liens permitted by Section 7.3) security interest in the Capital Stock of such new
    Subsidiary that is owned by the Parent or any of its Subsidiaries that is a Loan Party (or is required to be a Loan Party pursuant to the terms of this Agreement and the other Loan Documents), (ii) deliver to the Collateral Agent the certificates, if
    any, representing such Capital Stock, together with undated stock powers, in blank, executed and delivered by a duly authorized officer of the Parent or such Subsidiary, as the case may be, and take such other action as may be required or the
    Administrative Agent reasonably requests to perfect the Collateral Agent’s security interest therein, (iii) cause such new Subsidiary to become a party to the Guarantee Agreement and the Collateral Agreement and (iv) if reasonably requested by the
    Administrative Agent or the Collateral Agent, deliver to the Administrative Agent and the Collateral Agent legal opinions relating to the matters described above, which opinions shall be in form and substance, and from counsel, reasonably satisfactory
    to the Administrative Agent and the Collateral Agent.

   

  
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  (d)           With respect to any new first-tier Foreign Subsidiary or FSHCO of a Loan
    Party created or acquired after the Merger Effective Time by the Parent or any other Loan Party, promptly (and, in any event within 90 days after the creation or acquisition thereof) (i) execute and deliver to the Administrative Agent and the
    Collateral Agent such amendments, supplements or joinders to the Collateral Agreement as the Administrative Agent or the Collateral Agent reasonably request to grant to the Collateral Agent, for the benefit of the Administrative Agent and the Lenders,
    a perfected first priority (subject to Liens permitted by Section 7.3) security interest in the Capital Stock of such new Subsidiary (provided that in no event shall more than 65.0% of the total outstanding Capital Stock of any such new
    Subsidiary that is a CFC or a FSHCO be required to be so pledged); provided, further, that no Loan Party shall be obligated to pledge Capital Stock (A) of a Foreign Subsidiary to the extent such pledge would violate the laws of the jurisdiction
    of such Foreign Subsidiary’s organization or (B) that is an Excluded Asset, (ii) deliver to the Collateral Agent the certificates, if any, representing such Capital Stock, together with undated stock powers, in blank, executed and delivered by a duly
    authorized officer of such Loan Party, as the case may be, and take such other action as may be necessary or, in the opinion of the Administrative Agent or the Collateral Agent, desirable to perfect the Collateral Agent’s security interest therein and
    (iii) if reasonably requested by the Administrative Agent or the Collateral Agent, deliver to the Administrative Agent and the Collateral Agent legal opinions relating to the matters described above, which opinions shall be in form and substance, and
    from counsel, reasonably satisfactory to the Administrative Agent and the Collateral Agent.

   

  (e)           In addition, within 90 days of the Merger Effective Time, the Parent
    shall deliver to the Administrative Agent and the Collateral Agent insurance certificates and endorsements naming the Collateral Agent as additional insured or mortgagee and loss payee under the insurance policies of the Parent and its Subsidiaries to
    the extent required in accordance with the Collateral Agreement.

   

  (f)            For the avoidance of doubt, references in this Section 6.9 to any
    asset, property, right or Capital Stock of any Subsidiary created or acquired after the Merger Effective Time do not include Excluded Assets (as defined in the Collateral Agreement).

   

  (g)           The Administrative Agent shall have the right to extend any of the time
    periods set forth in this Section 6.9 in its discretion.

   

  (h)           Notwithstanding anything to the contrary in any Loan Document, (i) no
    Loan Party shall be required, nor shall the Administrative Agent be authorized, (A) to perfect any pledge, security interest or mortgage by any means other than through (x) any filing pursuant to the UCC in the office of the secretary of state (or
    similar central filing office) of the relevant State(s), (y) any filing in the United States Copyright Office or the United States Patent and Trademark Office with respect to Intellectual Property or (z) delivery to the Administrative Agent to be held
    in its possession of all Collateral consisting of stock certificates of the Parent and its wholly-owned pledged subsidiaries and certain instruments with a fair market value in excess of $5,000,000, (B) to enter into any account control agreement or
    lockbox or similar arrangement with respect to any deposit account, securities account or commodities account, (C) to take any action in or required by a jurisdiction other than the United States or with respect to any asset located or titled outside
    of the United States (and there shall be no guarantee, security agreement or pledge agreement governed by the laws of any such non-U.S. jurisdiction), (D) to seek any landlord waiver, bailee letter, estoppel, warehouseman waiver or other collateral
    access, lien waiver or similar letter or agreement, (E) to send notices to account debtors or other contractual third-parties unless an Event of Default is continuing and the Obligations have been accelerated pursuant to Section 8 or were not paid when
    due on the Latest Maturity Date, or (F) to perfect a security interest in any asset to the extent perfection of a security interest in such asset would be prohibited under any applicable Requirement of Law and (ii) (A) in no event will the Collateral
    include any Excluded Asset, (B) any joinder or supplement to the Collateral Agreement or any other Loan Document executed by any Subsidiary that is required to become a Loan Party pursuant to the foregoing provisions of this Section 6.9 may, with the
    consent of the Administrative Agent or the Collateral Agent (not to be unreasonably withheld, conditioned or delayed), include such schedules (or updates to schedules) as may be necessary to qualify any representation or warranty with respect to such
    Subsidiary set forth in any Loan Document to the extent necessary to ensure that such representation or warranty is true and correct to the extent required thereby or by the terms of any other Loan Document and (C) neither the taking of a Lien on, nor
    the perfection of any Lien granted in, those assets as to which the cost of obtaining or perfecting such Lien (including any stamp, intangibles or other tax or expenses relating to such Lien) is excessive in relation to the benefit to the Lenders of
    the security afforded thereby as reasonably determined by the Borrower and the Administrative Agent shall be required.

   

  
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  6.10         Designation of Subsidiaries.
    The Parent may at any time designate any Subsidiary as an Unrestricted Subsidiary or any Unrestricted Subsidiary as a Subsidiary by delivering to the Administrative Agent a certificate of a Responsible Officer of the Parent specifying such designation
    and certifying that the following conditions to such designation are satisfied:

   

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

   

  (b)           the Parent shall be in compliance on a Pro Forma Basis with the
    Financial Covenants, recomputed as of the last day of the applicable Test Period;

   

  (c)           in the case of a designation of a Subsidiary as an Unrestricted
    Subsidiary, each subsidiary of such Subsidiary has been, or concurrently therewith will be, designated as an Unrestricted Subsidiary in accordance with this Section 6.10; and

   

  (d)           in no event shall any Subsidiary be designated an Unrestricted
    Subsidiary if such Subsidiary or any subsidiary of such Subsidiary owns Intellectual Property material to the business of Parent and its Subsidiaries taken as a whole (excluding such Subsidiary).

   

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

   

  6.11         [Reserved].

   

  
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  6.12         Post-Closing Obligations.

   

  (a)           Deliver to the Administrative Agent and/or the Collateral Agent, as
    applicable, no later than the Merger Effective Time all of the following:

   

  (i)            the Guarantee, duly executed by the Parent, the Company and
    each Guarantor;

   

  (ii)           the Perfection Certificate;

   

  (iii)          the Collateral Agreement, duly executed by the Parent, the
    Company and each Guarantor, together with, and subject to the proviso in this clause (iii), to the extent required to be pledged under the terms of the Collateral Agreement, certificates, if any, representing the equity interests in each Wholly Owned
    Subsidiary (and other than to the extent that such equity interests constitute Excluded Assets), accompanied by undated stock powers executed in blank (or stock transfer forms, as applicable) and instruments evidencing the Pledged Debt Securities (as
    defined in the Collateral Agreement) indorsed in blank (or instrument of transfer, as applicable); provided that, in the event Neogen is unable to obtain the foregoing certificates and stock powers and/or instruments evidencing Pledged Debt
    Securities after having used commercially reasonable efforts to do so at least 3 Business Days prior to the Merger Effective Time, such certificates and stock powers or instruments evidencing Pledged Debt Securities shall be delivered no later than 15
    days after the Merger Effective Time (or such later date as the Administrative Agent may agree in its discretion); copies of financing statements, filed or duly prepared for filing under the Uniform Commercial Code in all applicable United States
    jurisdictions that the Collateral Agent may deem reasonably necessary in order to perfect and protect the Liens on assets of each Loan Party created under the Collateral Agreement, covering the Collateral described in the Collateral Agreement; and all
    other documents and instruments, if any, required by this Agreement (subject to Section 6.9(h)) to create and perfect the Collateral Agent’s security interests in the Collateral shall have been executed by each applicable Loan Party, and filed or
    delivered to the Collateral Agent and in proper form for filing in accordance with applicable Law;

   

  (iv)          an Intellectual Property Security Agreement, duly executed by
    the Collateral Agent and each Loan Party that owns intellectual property that is required to be pledged in accordance with the Collateral Agreement;

   

  (v)           a certificate of the each Loan Party, dated as of the date of
    the Merger Effective Time executed by a secretary, assistant secretary or other senior officer (as the case may be) thereof, which shall (A)(1) certify that attached thereto is a true and complete copy of the resolutions or written consents of its
    shareholders, board of directors, board of managers, members or other governing body authorizing the entry into the Loan Documents to which it is a party and, in the case of the Borrowers, the Borrowings, and that such resolutions or written consents
    have not been modified, rescinded or amended and are in full force and effect, (2) identify by name and title and bear the signatures of the officers, managers, directors or authorized signatories of such Loan Party authorized to sign the Loan
    Documents to which it is a party on the Merger Effective Time, (3) certify that attached thereto is a true and complete copy of the certificate or articles of incorporation or organization (or memorandum of association or other equivalent thereof) of
    such Loan Party certified by the relevant authority of the jurisdiction of organization of such Loan Party and a true and correct copy of its by-laws or operating, management, partnership or similar document or certify that there have been no changes
    to the certificate provided pursuant to Section 5.1(d), and such certificate remains true, correct and complete on the Merger Effective Time and (4) attach a certificate of good standing (or equivalent), if available in the applicable jurisdiction,
    dated as of a recent date from the Company’s jurisdiction of organization;

   

  
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  (vi)          an opinion of (i) Weil, Gotshal & Manges LLP, counsel to
    the Loan Parties, (ii) an opinion of Gordon Rees Scully Mansukhani, special Nebraska counsel to the Loan Parties and (iii) an opinion of Honigman LLP, special Michigan counsel to the Loan Parties, each in customary form; and

   

  (vii)         the Administrative Agent shall have received evidence
    satisfactory to it that the Parent has paid in full all outstanding loans under the Existing Credit Agreement and that the Existing Credit Agreement has been terminated and is of no further force and effect (other than the provisions that by the
    express terms thereof survive termination thereof).

   

  (b)           Comply with each requirement set forth on Schedule 6.12(b) on or before
    the date specified for such requirement (or such later date as the Administrative Agent may agree in its discretion).

   

  6.13         Maintenance of Ratings. Use
    commercially reasonable efforts to maintain in effect a corporate rating (but not any specific rating) from S&P and a corporate family rating from Moody’s, in each case in respect of the Parent, and a rating of the credit facilities hereunder by
    each of S&P and Moody’s.

   

  Section 7.          NEGATIVE

    COVENANTS

   

  From and after the Merger Effective Time, the Parent hereby agrees that, so long as the Commitments remain in effect, any Letter of Credit remains outstanding or any
    Loan or other amount is due and owing to any Lender or the Administrative Agent hereunder, the Parent shall not, and shall not permit any of its Subsidiaries to, directly or indirectly:

   

  7.1           Financial Condition Covenants.

   

  (a)           Total Leverage Ratio. Permit the Total Leverage Ratio as at the
    last day of any Test Period to exceed 4.50 to 1.00, commencing with the Test Period for which the last fiscal quarter is the first full fiscal quarter ending after the Merger Effective Time. Notwithstanding the foregoing, at the written election of the
    Parent not later than the date on which financial statements are required to be delivered pursuant to Section 6.1 in respect of the fiscal period in which a Material Acquisition is consummated, for each of the four succeeding four-fiscal quarter
    periods ending immediately following the consummation of such Material Acquisition (including the first Test Period ending after the consummation of such Material Acquisition) (the “Increased Test Periods”), the applicable Total Leverage Ratio
    level for purposes of this Section 7.1(a) shall not exceed 4.75 to 1.00; provided, however, that, the Total Leverage Ratio as at the last day of the Test Period ending immediately after the last such Increased Test Period shall be equal to or
    less than 4.50 to 1.00 (irrespective of whether any other Material Acquisition has been consummated during such Test Period).

   

  (b)           Consolidated Interest Coverage Ratio. Permit the Consolidated
    Interest Coverage Ratio as of the last day of any Test Period to be less than 2.50 to 1.00, commencing with the Test Period for which the last fiscal quarter is the first full fiscal quarter ending after the Merger Effective Time.

   

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

   

  (a)           Indebtedness of any Loan Party pursuant to any Loan Document;

   

  (b)           Indebtedness of the Parent to any of its Subsidiaries and of any
    Subsidiary to the Parent or any other Subsidiary of the Parent; provided that any Indebtedness of any Subsidiary that is not a Loan Party to the Parent or to any of its Subsidiaries that are Loan Parties is permitted pursuant to Section 7.8
    (other than Sections 7.8(c)(i) and 7.8(ff));

   

  
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  (c)           Indebtedness in respect of the Spinco Securities and any Permitted
    Refinancings in respect thereof;

   

  (d)           Indebtedness existing on the Effective Date (or which may have been
    incurred pursuant to commitments existing on the Effective Date) and, to the extent the outstanding principal amount thereof is in excess of $5,000,000, listed on Schedule 7.2(d), and any Permitted Refinancings in respect thereof;

   

  (e)           (i) Indebtedness incurred to finance the acquisition, improvement,
    repair, installation, modification or design of assets, and any Permitted Refinancings in respect thereof and (ii) Capital Lease Obligations, in an aggregate outstanding principal amount not to exceed the greater of (x) $90,000,000 and (y) 30.0% of
    Consolidated EBITDA for the most recently ended Test Period;

   

  (f)            to the extent the Spinco Securities have not been issued on or prior to
    the Closing Date, Indebtedness in respect of the Bridge Loans, and any Permitted Refinancings in respect thereof;

   

  (g)           Hedge Agreements as long as such agreements are not entered into for
    speculative purposes;

   

  (h)           Incremental Equivalent Debt and any Permitted Refinancing in respect
    thereof;

   

  (i)            [reserved];

   

  (j)            (i) additional Indebtedness of the Parent or any of its Subsidiaries in
    an aggregate outstanding principal amount not to exceed the greater of (x) $150,000,000 and (y) 50.0% of Consolidated EBITDA for the most recently ended Test Period and (ii) any Permitted Refinancing in respect thereof;

   

  (k)           Capital Lease Obligations arising from Permitted Sale/Leasebacks;

   

  (l)            (i) Indebtedness of the Parent or any Subsidiary (“Ratio Debt”)
    in an aggregate outstanding principal amount not to exceed (A) the Shared Incremental Amount plus (B) an unlimited amount so long as, in the case of this clause (i)(B), on the date of incurrence thereof on a Pro Forma Basis after giving effect to the
    incurrence of such Ratio Debt and the application of the proceeds thereof (without netting the cash proceeds thereof) and to any relevant Specified Transaction, (I) if such Indebtedness is secured by a Lien on the Collateral that is pari passu (but
    without regard to the control of remedies) with the Liens securing the Obligations, the First Lien Leverage Ratio does not exceed either (x) 3.00 to 1.00 or (y) if such Ratio Debt is incurred in connection with an acquisition or other Investment
    permitted under this Agreement, the greater of (1) 3.00 to 1.00 and (2) the First Lien Leverage Ratio immediately prior to the incurrence of such Ratio Debt and the consummation of such acquisition or other permitted Investment, (II) if such
    Indebtedness is secured by a Lien on the Collateral that is junior to the Liens securing the Obligations, the Senior Secured Leverage Ratio does not exceed either (x) 3.50 to 1.00 or (y) if such Ratio Debt is incurred in connection with an acquisition
    or other Investment permitted under this Agreement, the greater of (1) 3.50 to 1.00 and (2) the Senior Secured Leverage Ratio immediately prior to the incurrence of such Ratio Debt and the consummation of such acquisition or other permitted Investment,
    and (III) if such Indebtedness is unsecured, the Total Leverage Ratio does not exceed either (x) 4.50 to 1.00 or (y) if such Ratio Debt is incurred in connection with an acquisition or other Investment permitted under this Agreement, the greater of (1)
    4.50 to 1.00 and (2) the Total Leverage Ratio immediately prior to the incurrence of such Ratio Debt (provided that (i) the requirement set forth in Sections 2.27(a)(vi) and (vii) (except with respect to any Ratio Debt consisting of a customary
    364-day loan facility or a customary bridge facility so long as, subject to customary conditions, such bridge facility automatically converts into long-term debt satisfying the requirements set forth in Sections 2.27(a)(vi) and (vii)), as applicable,
    shall apply mutatis mutandis as if such Ratio Debt were Incremental Facilities and (ii) the aggregate outstanding principal amount of Indebtedness incurred by Subsidiaries that are not Domestic Loan Parties under this clause (l), together with the
    aggregate outstanding principal amount of Incurred Acquisition Debt incurred by Subsidiaries that are not Domestic Loan Parties, shall not exceed the greater of (x) $135,000,000 and (y) 45.0% of Consolidated EBITDA for the most recently ended Test
    Period) and (ii) any Permitted Refinancings thereof;

   

  
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  (m)          Indebtedness in respect of Cash Management Obligations, including the
    guarantee set forth in the Guarantee Agreement;

   

  (n)           (i) additional Indebtedness of Subsidiaries that are not Loan Parties in
    an aggregate outstanding principal amount not to exceed the greater of (x) $150,000,000 and (y) 50.0% of Consolidated EBITDA for the most recently ended Test Period and (ii) any Permitted Refinancings thereof;

   

  (o)           (i) Guarantee Obligations by the Parent of Indebtedness otherwise
    permitted hereunder of any Subsidiary and by any Subsidiary of Indebtedness otherwise permitted hereunder of the Parent or any other Subsidiary; provided that any guarantee by any Loan Party of any Indebtedness of any Subsidiary that is not a
    Loan Party is permitted pursuant to Section 7.8 (other than Sections 7.8(c)(i) and 7.8(ff)) and (ii) Guarantee Obligations by the Parent or any Subsidiary with respect to Indebtedness of a Joint Venture in an aggregate outstanding principal amount not
    to exceed the greater of (x) $30,000,000 and (y) 10.0% of Consolidated EBITDA for the most recently ended Test Period;

   

  (p)           (i) Indebtedness incurred in connection with any acquisition or other
    Investment permitted hereunder (“Incurred Acquisition Debt”) in an aggregate outstanding principal amount not to exceed (A) the Shared Incremental Amount plus (B) an unlimited amount so long as, in the case of this clause (i)(B), on the date of
    incurrence thereof on a Pro Forma Basis after giving effect to the incurrence of such Incurred Acquisition Debt and the application of the proceeds thereof (without netting the cash proceeds thereof) and to any relevant Specified Transaction, (I) if
    such Indebtedness is secured by a Lien on the Collateral that is pari passu (but without regard to the control of remedies) with the Liens securing the Obligations, the First Lien Leverage Ratio does not exceed the greater of (x) 3.00 to 1.00 and (y)
    the First Lien Leverage Ratio immediately prior to the incurrence of such Incurred Acquisition Debt and the consummation of such acquisition or other permitted Investment, (II) if such Indebtedness is secured by a Lien on the Collateral that is junior
    to the Liens securing the Obligations, the Senior Secured Leverage Ratio does not exceed the greater of (x) 3.50 to 1.00 and (y) the Senior Secured Leverage Ratio immediately prior to the incurrence of such Incurred Acquisition Debt and the
    consummation of such acquisition or other permitted Investment and (III) if such Indebtedness is unsecured either (x) the Parent is in compliance with the Financial Covenants or (y) both the Total Leverage Ratio does not exceed the Total Leverage Ratio
    immediately prior to the incurrence of such acquisition or other Investment, and the Interest Coverage Ratio is no less than the Interest Coverage Ratio immediately prior to the incurrence of such acquisition or other Investment (provided that
    (i) the requirement set forth in Sections 2.27(a)(vi) and (vii) (except with respect to any Incurred Acquisition Debt consisting of a customary 364-day loan facility or a customary bridge facility so long as, subject to customary conditions, such
    bridge facility automatically converts into long-term debt satisfying the requirements set forth in Sections 2.27(a)(vi) and (vii)), as applicable shall apply mutatis mutandis as if such Incurred Acquisition Debt were Incremental Facilities and (ii)
    the aggregate outstanding principal amount of Indebtedness incurred by Subsidiaries that are not Domestic Loan Parties under this clause (p), together with the aggregate outstanding principal amount of Ratio Debt incurred by Subsidiaries that are not
    Domestic Loan Parties, shall not exceed the greater of (x) $135,000,000 and (y) 45.0% of Consolidated EBITDA for the most recently ended Test Period) and (ii) any Permitted Refinancings thereof;

   

  
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  (q)           Indebtedness under a Permitted Receivables Financing or Supply Chain
    Financing;

   

  (r)            to the extent constituting Indebtedness, obligations (including
    reimbursement obligations with respect to guaranties, letters of credit or other similar obligations) in respect of tenders, statutory obligations, leases, governmental contracts, stay, performance bid, customs, appeal and surety bonds and performance
    and/or return of money bonds and completion guarantees or other obligations of a like nature issued for the account of, or provided by, the Parent and its Subsidiaries in the ordinary course of business;

   

  (s)           Indebtedness incurred by a Special Purpose Finance Subsidiary;

   

  (t)            Credit Agreement Refinancing Indebtedness (including successive
    Permitted Refinancings thereof);

   

  (u)           Indebtedness arising from agreements providing for indemnification,
    purchase price adjustments, earn-outs or similar obligations or letters of credit, surety bonds or performance bonds securing any obligations of the Parent or any of its Subsidiaries pursuant to such agreements, in each case, incurred or assumed in
    connection with any acquisition or Disposition in each case permitted by this Agreement;

   

  (v)           Indebtedness consisting of obligations of the Parent or any Subsidiary
    under deferred compensation (e.g., earn-outs, indemnifications, incentive non-competes and other contingent or deferred obligations) or other similar arrangements incurred by such Person in connection with the Transactions, or any acquisition or other
    Investment in each case permitted under Section 7.8 (other than Section 7.8(ff));

   

  (w)          Indebtedness of any Persons which become Subsidiaries or are merged into
    any Subsidiaries on and after the Closing Date in each case to the extent such acquisition or merger is permitted under this Agreement; provided that (i) such Indebtedness was in existence on the date such Persons became Subsidiaries of, or
    merged into, such Subsidiaries, (ii) such Indebtedness was not created in contemplation of such Persons becoming Subsidiaries, (iii) such Indebtedness is not guaranteed in any respect by or secured by the assets of the Parent or any of its Subsidiaries
    (other than by any such Persons that so become Subsidiaries) and (iv) immediately after giving effect to the acquisition of or merger with such Persons by such Subsidiaries, no Event of Default shall have occurred and be continuing;

   

  (x)           Indebtedness incurred by the Parent or its Subsidiaries in respect of
    banker’s acceptances, bank guarantees, letters of credit, warehouse receipts or similar instruments entered into in the ordinary course of business, including in respect of workers compensation claims, health, disability or other employee benefits or
    property, casualty or liability insurance or self-insurance, or other Indebtedness with respect to reimbursement type obligations regarding workers compensation claims ;

   

  (y)           Indebtedness consisting of (i) the financing of insurance premiums, (ii)
    take-or-pay obligations contained in supply arrangements, (iii) obligations to reacquire assets or inventory in connection with customer financing arrangements or (iv) obligations owing under supply, customer, distribution, license, lease or similar
    agreements ;

   

  (z)            Indebtedness supported by a letter of credit issued by any Person
    (other than the Parent or any of its Affiliates) for the account of the Parent or any of its Subsidiaries pursuant to another clause of this Section 7.2, the availability of which is subject to a stated quantum in a principal amount not in excess of
    the stated amount of such letter of credit;

   

  
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  (aa)         Indebtedness related to any letter of credit, denominated in a currency
    other than U.S. Dollars, issued in the ordinary course of business or created by or for the account of the Parent or any of its Subsidiaries other than pursuant to this Agreement, in an aggregate principal amount not to exceed $7,500,000 for the most
    recently ended Test Period;

   

  (bb)        Indebtedness incurred under travel and expense cards, corporate purchasing
    cards and car leasing programs;

   

  (cc)         Indebtedness of the Parent or any Subsidiary as an account party in
    respect of trade letters of credit issued in the ordinary course of business;

   

  (dd)        Indebtedness (other than debt for borrowed money) of any Borrower and/or
    any Subsidiary consisting of obligations owing under incentive, supply, license or similar agreements;

   

  (ee)         endorsement of instruments or other payment items for collection or
    deposit in the ordinary course of business or consistent with past practice;

   

  (ff)          obligations in respect of Disqualified Capital Stock in an aggregate
    outstanding amount not to exceed the greater of (i) $30,000,000 and (ii) 10.0% of Consolidated EBITDA for the most recently ended Test Period;

   

  (gg)        unfunded pension fund and other employee benefit plan obligations and
    liabilities incurred by Parent or any Subsidiary to the extent that the unfunded amounts would not otherwise cause an Event of Default under Section 8(g);

   

  (hh)        customer deposits and advance payments received from customers for goods
    and services purchased in the ordinary course of business;

   

  (ii)           obligations in respect of letters of support, guarantees or similar
    obligations issued, made or incurred for the benefit of Parent or any Subsidiary to the extent required by law or in connection with any statutory filing or the delivery of audit opinions performed in jurisdictions other than within the United States;

   

  (jj)           all premiums, interest (including post-petition interest and “PIK”
    interest), accrued dividends or liquidation preference, fees, expenses, charges and additional or contingent interest, fees and dividends or liquidation preference on obligations described in this Section 7.2;

   

  (kk)         Indebtedness representing deferred compensation owed to employees or
    independent contractors of Parent or any Subsidiary incurred in the ordinary course of business; and

   

  (ll)           Indebtedness consisting of unsecured promissory notes issued by Parent
    or any Subsidiary to current or former officers, managers, directors, employees and independent contractors or their respective estates, spouses or former spouses to finance the purchase or redemption of Capital Stock permitted by Section 7.6.

   

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

   

  (a)           Liens for taxes not yet due or that are being contested in good faith by
    appropriate proceedings; provided that adequate reserves with respect thereto are maintained on the books of Parent and its Subsidiaries in conformity with GAAP or in the case of a Subsidiary located outside of the United States, such other
    general accounting principles as may be adopted by it from time to time;

   

  
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  (b)           statutory liens of landlords and carriers, warehousemen, mechanics,
    materialmen, repairmen or other like Liens arising in the ordinary course of business that are not overdue for a period of more than 120 days or that secure obligations that are immaterial in amount or are being contested in good faith by appropriate
    proceedings;

   

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

   

  (d)           deposits to secure the performance of bids, trade contracts (other than
    for borrowed money), leases, statutory obligations, governmental contracts, customs, stay, surety and appeal bonds, performance or return of money bonds and completion guarantees or 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 and other similar encumbrances
    that are or would be reflected on a survey or by inspection of any real property or that, in the aggregate, are not substantial in amount and that do not in the aggregate materially detract from the value of the property subject thereto or materially
    interfere with the ordinary conduct of the business of the Parent and its Subsidiaries taken as a whole;

   

  (f)            (i) Liens in existence on the Effective Date, and to the extent the
    obligations secured by such Liens are in excess of $5,000,000, listed on Schedule 7.3(f), securing Indebtedness permitted by Section 7.2(d) or other obligations not prohibited hereunder and (ii) Liens replacing the Liens set forth on Schedule 7.3(f)
    securing Indebtedness that is permitted pursuant to Section 7.2(d) or such other obligations; provided that no such Lien is spread to cover any additional property after the Effective Date unless otherwise permitted by another provision of this
    Section 7.3 (in which case, for the avoidance of doubt, such Lien covering any additional property shall be incurred in reliance on such other provision of this Section 7.3) and that the amount of Indebtedness or such other obligation secured thereby
    is not increased;

   

  (g)           Liens on the Collateral created pursuant to the collateral documentation
    for Indebtedness permitted under Sections 7.2(l), 7.2(p) or 7.2(f); provided that an Other Debt Representative acting on behalf of the holders of such Indebtedness shall have become party to (i) if such Indebtedness is secured by a Lien on the
    Collateral that is pari passu (but without regard to the control of remedies) with the Liens securing the Obligations, a First Lien Intercreditor Agreement as a “Senior Representative” (or similar term, in each case, to be defined in the First Lien
    Intercreditor Agreement) or (ii) if such Indebtedness is secured by the Collateral that is junior to the Liens securing the Obligations, a Junior Lien Intercreditor Agreement as a “Junior Priority Representative” (or similar term, in each case, to be
    defined in the Junior Lien Intercreditor Agreement);

   

  (h)           Liens arising solely by virtue of any contractual, statutory or common
    law provisions related to banker’s liens, rights of set-off or similar rights and remedies as to deposit accounts and securities accounts;

   

  (i)            Liens securing Indebtedness of the Parent or any Subsidiary incurred
    pursuant to Section 7.2(e); provided that (i) such Liens do not at any time encumber any property other than the property the acquisition, improvement, repair, installation, modification or design of which was financed by such Indebtedness (or
    the Indebtedness that such Indebtedness refinanced) (other than after-acquired property that is affixed or incorporated into the property covered by such Lien and customary cross-collateralization) and (ii) the amount of Indebtedness secured thereby is
    not increased except as permitted by Section 7.2(e);

   

  
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  (j)            Liens created pursuant to the Security Documents;

   

  (k)           Liens consisting of judgment or judicial attachment Liens and Liens
    securing contingent obligations on appeal and other bonds in connection with court proceedings, settlements or judgments; provided that any such judgments do not result in the occurrence of an Event of Default under Section 8(h);

   

  (l)            Liens consisting of any (i) interest or title of a lessor, sub-lessor,
    licensor or sub-licensor under any lease, license or similar arrangement of real estate or other property (including Intellectual Property) permitted hereunder, (ii) landlord lien arising by law or permitted by the terms of any lease, sub-lease,
    license, sub-license or similar arrangement, (iii) restriction or encumbrance to which the interest or title of such lessor, sub-lessor, licensor or sub-licensor may be subject, (iv) subordination of the interest of the lessee, sub-lessee, licensee or
    sub-licensee under such lease, sub-lease, license, sub-license or similar arrangement to any restriction or encumbrance referred to in the preceding clause (iii) or (v) deposit of cash with the owner or lessor of premises leased and operated by any
    Borrower or any Subsidiary in the ordinary course of business or consistent with past practice to secure the performance of obligations under the terms of the lease for such premises;

   

  (m)          Liens on assets subject to a Permitted Receivables Financing securing
    such Permitted Receivables Financing;

   

  (n)           additional Liens securing Indebtedness or other obligations so long as
    the aggregate outstanding principal amount (in the case of Indebtedness) or aggregate outstanding amount (in the case of other obligations) secured thereby at the time such Lien is incurred does not exceed an aggregate principal amount equal to the
    greater of (x) $150,000,000 and (y) 50.0% of Consolidated EBITDA for the most recently ended Test Period;

   

  (o)           Liens on the Collateral created pursuant to the collateral documentation
    for Incremental Equivalent Debt; provided that an Other Debt Representative acting on behalf of the holders of such Indebtedness shall have become party to (i) if such Indebtedness by secured by a Lien on the Collateral that is pari passu (but
    without regard to the control of remedies) with the Liens securing the Obligations, a First Lien Intercreditor Agreement as a “Senior Representative” (or similar term, in each case, to be defined in the First Lien Intercreditor Agreement) or (ii) if
    such Indebtedness is secured by a Lien on the Collateral that is junior to the Liens securing the Obligations, a Junior Lien Intercreditor Agreement as a “Junior Priority Representative” (or similar term, in each case, to be defined in the Junior Lien
    Intercreditor Agreement);

   

  (p)           Liens on cash, Cash Equivalents, deposit accounts and similar items of
    Foreign Subsidiaries securing Cash Management Obligations of Foreign Subsidiaries, and guarantees by any Foreign Subsidiary of such Cash Management Obligations of other Foreign Subsidiaries or such similar obligations of other Foreign Subsidiaries;

   

  (q)           Liens on assets and Capital Stock of Subsidiaries that are not Loan
    Parties (including Capital Stock owned by such Persons) securing Indebtedness or other obligations of Subsidiaries that are not Loan Parties permitted pursuant to Section 7.2 (or otherwise not prohibited under this Agreement);

   

  (r)            Liens on Parent Stock;

   

  
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  (s)           Liens on assets of a Special Purpose Finance Subsidiary to secure
    Indebtedness incurred by such Special Purpose Finance Subsidiary;

   

  (t)            [reserved];

   

  (u)           Liens on the Collateral securing obligations in respect of Credit
    Agreement Refinancing Indebtedness and any Permitted Refinancing in respect thereof, and any Guarantee Obligations by the Guarantors in respect thereof; provided that an Other Debt Representative acting on behalf of the holders of such
    Indebtedness shall have become party to (i) if such Indebtedness is secured by a Lien on the Collateral that is pari passu (but without regard to the control of remedies) with the Liens securing the Obligations, a First Lien Intercreditor Agreement as
    a “Senior Representative” (or similar term, in each case, to be defined in the First Lien Intercreditor Agreement) or (ii) if such Indebtedness is secured by a Lien on the Collateral that is junior to the Liens securing the Obligations, a Junior Lien
    Intercreditor Agreement as a “Junior Priority Representative” (or similar term, in each case, to be defined in the Junior Lien Intercreditor Agreement);

   

  (v)           Liens (i) in favor of customs and revenue authorities arising as a
    matter of law to secure payment of customs duties in connection with the importation of goods in the ordinary course of business or consistent with past practice or (ii) on specific items of inventory or other goods and proceeds of any Person securing
    such Person’s obligations in respect of bankers’ acceptances or letters of credit issued or created for the account of such Person to facilitate the purchase, shipment or storage of such inventory or other goods in the ordinary course of business;

   

  (w)          Liens (i) on cash or Cash Equivalents advanced in favor of the seller of
    any property to be acquired in an Investment permitted pursuant to Section 7.8 to be applied against the purchase price for such Investment or (ii) consisting of an agreement to Dispose of any property in a Disposition permitted under Section 7.5 (or,
    to dispose of any property in a transaction not constituting a Disposition hereunder to the extent such transaction is otherwise permitted under this Agreement);

   

  (x)           Liens on property or assets acquired by a Loan Party or on property or
    assets of any Person which becomes a Subsidiary of a Loan Party, in any such case existing at the time of the acquisition thereof (including acquisition through merger or consolidation) and not incurred in contemplation of such acquisition;

   

  (y)          Liens arising on any real property as a result of any eminent domain,
    condemnation or similar proceeding being commenced with respect to such real property;

   

  (z)           (i) Liens on the Capital Stock of a Joint Venture securing obligations
    of such Joint Venture that are otherwise permitted under this Agreement and (ii) customary options, put and call arrangements, rights of first refusal and similar rights relating to such Joint Venture under its joint venture agreement;

   

  (aa)         (i) deposits made or other security provided to secure liabilities to
    insurance brokers, insurance carriers under insurance or self- insurance arrangements in the ordinary course of business or consistent with past practice and (ii) Liens on insurance policies and the proceeds thereof securing the financing of insurance
    premiums with respect thereto to the extent permitted hereunder;

   

  (bb)        leases and encumbrances in respect of real property on which owned or
    leased facilities are located in the ordinary course of business;

   

  
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  (cc)         (i) Liens that are contractual rights of set-off or netting or pledge
    relating to (A) the establishment or existence of depositary relations with banks or other financial institutions not granted in connection with the issuance of Indebtedness, (B) deposit or sweep accounts of any Borrower and/or any Subsidiary to permit
    satisfaction of overdraft or similar obligations incurred in the ordinary course of business or consistent with past practice of any Borrower and/or any Subsidiary, (C) purchase orders and other agreements entered into with customers of any Borrower
    and/or any Subsidiary in the ordinary course of business or consistent with past practice and (D) commodity trading or other brokerage accounts incurred in the ordinary course of business, (ii) Liens encumbering customary initial deposits and margin
    deposits, (iii) bankers Liens and rights and remedies as to deposit accounts or similar accounts, (iv) Liens of a collection bank arising under Section 4-208 or Section 4-210 of the UCC (or any similar Requirement of Law of any jurisdiction) on items
    in the ordinary course of business, (v) Liens (including rights of set-off) in favor of banking or other financial institutions arising as a matter of law or under customary general terms and conditions encumbering deposits or other funds maintained
    with a financial institution and that are within the general parameters customary in the banking industry or arising pursuant to such banking institution’s general terms and conditions and (vi) Liens on the proceeds of any Indebtedness permitted
    hereunder incurred in connection with any transaction permitted hereunder, which proceeds have been deposited into an escrow account on customary terms to secure such Indebtedness pending the application of such proceeds to finance such transaction or
    on cash or Cash Equivalents set aside at the time of the incurrence of such Indebtedness to the extent such cash or Cash Equivalents prefund the payment of interest or fees on such Indebtedness and are held in escrow pending application for such
    purpose;

   

  (dd)        Liens in favor of any Governmental Authority to secure progress, advance
    or other payments pursuant to any contract or provision of any statute;

   

  (ee)         Liens in connection with a Permitted Sale/Leaseback; provided
    that any such Lien shall encumber only the property subject to such Permitted Sale/Leaseback; and

   

  (ff)          Liens securing obligations (other than obligations representing
    Indebtedness for borrowed money) under operating, reciprocal easement or similar agreements entered into in the ordinary course of business or consistent with past practice of any Borrower and/or their Subsidiaries;

   

  (gg)        Liens on securities or other assets that are the subject of repurchase
    agreements constituting Investments permitted under Section 7.8 arising out of such repurchase transaction;

   

  (hh)        Liens securing obligations in respect of letters of credit, bank
    guaranties, surety bonds, performance bonds or similar instruments provided that any related Indebtedness is permitted under Sections 7.2(r) or 7.2(x);

   

  (ii)           Liens arising (i) out of conditional sale, title retention, consignment
    or similar arrangements for the sale of any assets or property and bailee arrangements in the ordinary course of business or (ii) by operation of law under Article 2 of the UCC (or any similar Requirement of Law of any jurisdiction);

   

  (jj)           Liens (i) in favor of any Loan Party and/or (ii) granted by any
    Subsidiary that is not a Loan Party in favor of any Subsidiary that is not a Loan Party, in the case of each of clauses (i) and (ii), securing intercompany Indebtedness permitted under Section 7.2 or Section 7.8 or securing other intercompany
    obligations not prohibited hereunder;

   

  (kk)         Liens on cash or Cash Equivalents arising in connection with the
    defeasance, discharge or redemption of Indebtedness;

   

  
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  (ll)           undetermined or inchoate Liens, rights of distress and charges
    incidental to current operations that have not at such time been filed or exercised, or which relate to obligations not due or payable or, if due, are immaterial in amount or the validity of which Liens are being contested in good faith by appropriate
    proceedings;

   

  (mm)       [reserved];

   

  (nn)        security given to a public or private utility or any Governmental
    Authority as required in the ordinary course of business;

   

  (oo)        receipt of progress payments and advances from customers in the ordinary
    course of business or consistent with past practice to the extent the same creates a Lien on the related inventory and proceeds;

   

  (pp)        Liens on property or assets of Subsidiaries that are not Loan Parties
    securing Indebtedness of Subsidiaries that are not Loan Parties incurred pursuant to Section 7.2(n);

   

  (qq)        Liens in the nature of the right of setoff in favor of counterparties to
    contractual agreements with Parent or any Subsidiary in the ordinary course of business;

   

  (rr)          Liens arising solely in connection with rights of dissenting equity
    holders pursuant to any Requirement of Law in respect of any acquisition or other similar Investment permitted hereunder;

   

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

   

  (tt)          Liens arising from precautionary UCC financing statements or similar
    filings; and

   

  (uu)        Liens in connection with Hedge Agreements permitted by Section 7.2(g).

   

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

   

  (a)           (i) any Subsidiary of the Parent may be merged or consolidated with or
    into the Parent (provided that the Parent shall be the continuing or surviving corporation) or with or into any Guarantor (provided that (x) if any such transaction is between a Guarantor and a Subsidiary that is not a Guarantor, a
    Guarantor shall be the continuing or surviving entity and (y) if any such transaction is between a Borrower and any Subsidiary that is not a Borrower, a Borrower shall be the continuing or surviving entity) and (ii) any Subsidiary that is not a
    Guarantor may be merged with or into any other Subsidiary (provided that, if any such transaction is between a Domestic Subsidiary and a Foreign Subsidiary, such Domestic Subsidiary shall be the continuing or surviving entity except to the
    extent permitted under Section 7.8);

   

  (b)           (i) any Subsidiary of the Parent may Dispose of all or substantially all
    of its assets (upon voluntary liquidation or otherwise) to the Parent or any Guarantor, (ii) any Subsidiary that is not a Guarantor may Dispose of all or substantially all of its assets upon voluntary liquidation or otherwise to any other Subsidiary
    and (iii) any Subsidiary of the Parent may Dispose of all or substantially all of its assets pursuant to a Disposition permitted by Section 7.5 (other than pursuant to Section 7.5(c)(i)); provided that, for the avoidance of doubt, any
    Subsidiary of the Parent that only holds Capital Stock of other Subsidiaries of the Parent (a “Subsidiary Holding Company”) may consummate any sale of all or substantially all of its assets that would be permitted under this Section 7.4(b) with
    respect each such Subsidiary or Subsidiaries held by such Subsidiary Holding Company;

   

  
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  (c)           any Subsidiary (other than a Borrower) may be liquidated as long as the
    proceeds of such liquidation (after satisfying all Contractual Obligations of such Subsidiary) are distributed to the holders of the Capital Stock of such Subsidiary on an approximately ratable basis (based on their respective equity ownership
    interests in such Subsidiary); and

   

  (d)           Parent and its Subsidiaries may consummate the Transactions.

   

  7.5           Disposition of Property.
    Dispose of any of its property or rights, whether now owned or hereafter acquired in which the fair market value of such Disposition or series of related Dispositions exceeds the greater of (x) $45,000,000 and (y) 15.0% of Consolidated EBITDA for the
    most recently ended Test Period, except:

   

  (a)           the Disposition of unnecessary, obsolete, damaged, surplus or worn out
    property ;

   

  (b)           the sale of inventory or goods held for sale in the ordinary course of
    business;

   

  (c)           (i) Dispositions permitted by Section 7.4(b), and (ii) Dispositions to
    effect Restricted Payments and Investments permitted pursuant to Section 7.6 (other than Section 7.6(k)) or 7.8 (other than Section 7.8(z) and (ff)), respectively; provided that no Subsidiary may make a Disposition of any material Intellectual
    Property to any Unrestricted Subsidiary pursuant to this Section 7.5(c) unless such Disposition is to effect an Investment permitted pursuant to Section 7.8(ee);

   

  (d)           non-exclusive licensing or sublicensing of Intellectual Property in the
    ordinary course of business;

   

  (e)           any Permitted Receivables Financing or Supply Chain Financing;

   

  (f)            Dispositions listed and, to the extent in excess of $5,000,000
    described, on Schedule 7.5 as in effect on the Effective Date;

   

  (g)           any Disposition of assets (i) from one Loan Party to another Loan Party,
    (ii) from a Subsidiary to a Loan Party or (iii) from one Subsidiary that is not a Loan Party to another Subsidiary that is not a Loan Party;

   

  (h)           the Disposition of property for not less than fair market value as long
    as at least 75.0% of the consideration consists of cash and Cash Equivalents (provided that such minimum cash/Cash Equivalent requirement shall not apply to any Disposition or series of related Dispositions of property having a fair market value
    less than or equal to the greater of (x) 60,000,000 and (y) 20.0% of Consolidated EBITDA for the most recently ended Test Period) (provided that for purposes of such minimum cash/Cash Equivalent requirement, (v) the amount of any Indebtedness or
    other liabilities (other than Indebtedness or other liabilities that are subordinated to the Obligations or that are owed to the Parent or any Subsidiary) of the Parent or any Subsidiary (as shown on such Person’s most recent balance sheet (or in the
    notes thereto), or if the incurrence of such Indebtedness or other liability took place after the date of such balance sheet, that would have been shown on such balance sheet or in the notes thereto, as determined in good faith by the Parent) that are
    (i) assumed by the transferee of any such assets and for which the Parent and/or its applicable Subsidiary have been validly released by all relevant creditors in writing or (ii) otherwise cancelled or terminated in connection with such Disposition,
    (w) the amount of any trade-in value applied to the purchase price of any replacement assets acquired in connection with such Disposition, (x) any securities or other obligations or assets received by the Parent or any Subsidiary from such transferee
    (including earn-outs or similar obligations) that are converted by such Person into cash or Cash Equivalents, or by their terms are required to be satisfied for cash or Cash Equivalents (to the extent of the cash or Cash Equivalents received) within
    180 days following the closing of the applicable Disposition and (y) any Designated Non-Cash Consideration received 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 (h) that is at that time outstanding, not in excess of the greater of $45,000,000 and 15.0% of Consolidated EBITDA as of the last day of the most recently ended Test Period);

   

  
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  (i)            the Parent or any of its Subsidiaries may transfer or contribute
    ownership of the Capital Stock of any Foreign Subsidiary or Joint Venture or the assets of any Foreign Subsidiary or Joint Venture to the Parent or a Subsidiary of the Parent;

   

  (j)            Dispositions of cash and/or Cash Equivalents or other assets that were
    cash and/or Cash Equivalents when the relevant original Investment was made;

   

  (k)           Dispositions of property pursuant to Permitted Sale/Leasebacks;

   

  (l)            Dispositions of Investments in Joint Ventures to the extent required
    by, or made pursuant to, buy/sell arrangement between joint venture or similar parties set forth in the relevant joint venture arrangements or similar binding agreements;

   

  (m)          the Disposition of the Capital Stock or assets of any Immaterial
    Subsidiary;

   

  (n)           Dispositions of bills of exchange of the Parent and its Subsidiaries;

   

  (o)           Dispositions to effect the Transactions;

   

  (p)           Dispositions of non-core assets, in each case acquired in any
    acquisition or other Investment permitted hereunder, including such Dispositions (x) made in order to obtain the approval of any anti-trust authority or otherwise necessary or advisable in the good faith determination of the Parent to consummate any
    acquisition or other Investment permitted hereunder or (y) which are being held for sale and not for the continued operation of Parent or any of its Subsidiaries or any of their respective businesses;

   

  (q)           any other Disposition; provided that the aggregate fair market
    value of all Dispositions pursuant to this Section 7.8(q) does not exceed the greater of (x) $75,000,000 and (y) 25.0% of Consolidated EBITDA for the most recently ended Test Period;

   

  (r)            the Parent or any of its Subsidiaries may transfer or contribute ownership of
      the Capital Stock of any Foreign Subsidiary formed or organized under the laws of (a) any European country or (b) any state, province, district or other subdivision of any such country, in each case to a Foreign Subsidiary that is a European holding
      company;

   

  (s)           Dispositions of Parent Stock;

   

  (t)            exchanges or swaps, including transactions covered by Section 1031 of
    the Code (or any comparable provision of any foreign jurisdiction), of property or assets so long as any such exchange or swap is made for fair value (as determined by the Parent in good faith) for like property or assets or property, assets or
    services of greater value or usefulness to the business of Parent and its Subsidiaries as a whole, as determined in good faith by the Parent; provided that upon the consummation of any such exchange or swap by any Loan Party, to the extent the
    property received does not constitute an Excluded Asset, the Administrative Agent shall be provided a Lien thereon to the extent (and with the applicable time periods) required by Section 6.9;

   

  
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  (u)           Dispositions of accounts receivable in connection with the collection or
    compromise thereof in the ordinary course of business or consistent with past practice (which, for the avoidance of doubt, shall exclude receivable financing);

   

  (v)           Transfers of property subject to a casualty event and Dispositions
    constituting expropriations or takings by a Governmental Authority;

   

  (w)          the unwinding of Hedge Agreements permitted hereunder pursuant to their
    terms;

   

  (x)           Dispositions of assets that do not constitute Collateral; provided
    that the aggregate fair market value of all Dispositions pursuant to this Section 7.8(x) does not exceed the greater of (x) $30,000,000 and (y) 10.0% of Consolidated EBITDA for the most recently ended Test Period;

   

  (y)          Dispositions of in-plant maintenance, repair and operating and perishable
    tooling operations to third parties in connection with the outsourcing of such operations;

   

  (z)           Dispositions, abandonments, cancellations or lapses of Intellectual
    Property, including issuances or registrations thereof, or applications for issuances or registrations thereof, in the ordinary course of business or consistent with past practice or which, in the good faith determination of the Parent, are not
    necessary to the conduct of the business of Parent and its Subsidiaries or are obsolete or no longer economical to maintain in light of their use;

   

  (aa)         the expiration of any Intellectual Property in accordance with any
    statutory term that is not subject to renewal;

   

  (bb)        Dispositions of Capital Stock of, or sales of Indebtedness or other
    securities of, Unrestricted Subsidiaries;

   

  (cc)         Dispositions made to comply with any order or other directive of any
    Governmental Authority or any applicable Requirement of Law;

   

  (dd)        [reserved];

   

  (ee)         Dispositions constituting any part of a Permitted Reorganization;

   

  (ff)          any sale of motor vehicles and information technology equipment
    purchased at the end of an operating lease and resold thereafter;

   

  (gg)        any issuance, sale or Disposition of Capital Stock to directors, officers,
    managers or employees for purposes of satisfying requirements with respect to directors’ qualifying shares and shares issued to foreign nationals, in each case as required by applicable Requirements of Law; and

   

  (hh)        intercompany cash management and any netting arrangement of accounts
    receivable between or among any of the Parent and its Subsidiaries made in the ordinary course of business. 

   

  
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  Simultaneously with any Disposition permitted by this Section 7.5 (to the extent such transfer is to a Person that is not a Loan Party), the Lien on and security interest created by the
    Loan Documents in the asset subject to such Disposition (including any Capital Stock of Subsidiaries so disposed of) will be automatically released and the Administrative Agent and the Collateral Agent shall take any action reasonably requested in
    writing by the Parent to evidence such release.

   

  7.6          Restricted Payments. Declare
    or pay any dividend (other than dividends payable solely in common stock or other applicable common equity interests of the Person making such dividend) on, or make any payment on account of, or set apart assets for a sinking or other analogous fund
    for, the purchase, redemption, defeasance, retirement or other acquisition of, any Capital Stock (but excluding any of the foregoing with respect to any debt security that is convertible into, or exchangeable for, Capital Stock) of the Parent or any
    Subsidiary, whether now or hereafter outstanding, or make any other distribution in respect thereof, either directly or indirectly, whether in cash or property or in obligations of the Parent or any Subsidiary (collectively, “Restricted Payments”),

    except that:

   

  (a)           Any Loan Party may make Restricted Payments to any other Loan Party and
    any Subsidiary may make Restricted Payments to the Parent, any Subsidiary or to any other Person (ratably based on such other Person’s equity ownership in such Subsidiary) which owns Capital Stock of such Subsidiary;

   

  (b)           provided that no Event of Default shall have occurred and be continuing
    or would result therefrom, the Parent may make any purchase, redemption or other acquisition (including by cancellation of Indebtedness), cancellation or retirement for value of Capital Stock or equity appreciation rights of the Parent or any Parent
    Entity held by any Permitted Payee, in each case in connection with a stock option or stock purchase plan or agreement, management equity plan, phantom equity plan or any other management, employee benefit or other compensatory plan or agreement (and
    any successor plans or arrangements thereto), employment, termination or severance agreement, or any stock subscription or equityholder agreement, including any Capital Stock rolled over, accelerated or paid out by or to any Permitted Payee in
    connection with any transaction, or upon their death, disability or termination; provided that the aggregate amount of Restricted Payments under this clause (b) in any fiscal year shall not exceed in the aggregate the greater of (x) $15,000,000
    and (y) 5.0% of Consolidated EBITDA for the most recently ended Test Period; provided, further, that any amount not so made as a Restricted Payment in the fiscal year for which it is permitted may be carried over to be made as a Restricted Payment in
    subsequent fiscal years so long as the aggregate amount of all Restricted Payments made in reliance on this paragraph (b) in any fiscal year does not exceed the greater of (x) $30,000,000 and (y) 10.0% of Consolidated EBITDA for the most recently ended
    Test Period; provided that such amounts permitted under this clause (b) may be increased by an aggregate amount not to exceed the sum of:

   

  (i)             the Net Cash Proceeds from the sale of Capital Stock (other
    than Disqualified Capital Stock) of Parent and, to the extent contributed to Parent, the Net Cash Proceeds from the sale of Capital Stock of a Parent Entity, in each case to future, existing or former Permitted Payees that occurs after the Closing
    Date; plus

   

  (ii)            the cash proceeds of key man life insurance policies
    received by Parent or its Subsidiaries (or any Parent Entity to the extent contributed to the Parent) after the Closing Date; plus

   

  (iii)           the amount of any cash bonuses otherwise payable to future,
    present or former Permitted Payees that are foregone in exchange for the receipt of Capital Stock of the Parent pursuant to any compensation arrangement, including any deferred compensation plan; minus

   

  
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  (iv)           the amount of any Restricted Payments made since the Merger
    Effective Time with the Net Cash Proceeds described in the immediately foregoing clauses (i), (ii) and (iii) of this proviso;

   

  (c)           the Parent may make Restricted Payments if, after giving effect thereto,
    the Total Leverage Ratio calculated on the date of incurrence thereof on a Pro Forma Basis would not exceed 3.00 to 1.00 (it being understood that any Restricted Payment permitted at the time it was made shall be deemed to be permitted notwithstanding
    that the conditions specified in this paragraph (c) for such Restricted Payment may no longer be satisfied thereafter); provided that no Event of Default shall have occurred and be continuing or would result therefrom);

   

  (d)           the Parent may make Restricted Payments to effect the Transactions
    (including, for the avoidance of doubt, the Spinco Cash Distribution and any fees, costs and expenses (including all legal, accounting and other professional fees, costs and expenses) related thereto);

   

  (e)           the Parent may withhold shares of Capital Stock of the Parent from, and
    pay personal payroll taxes of employees in respect of vested restricted shares of, options to purchase and other equity incentive awards in respect of, the Capital Stock of the Parent or any Parent Entity;

   

  (f)            [reserved];

   

  (g)           the Parent may make additional Restricted Payments in an amount not to
    exceed the portion, if any, of the Available Amount on such date that the Parent elects to apply to this clause (g); provided that no Event of Default shall have occurred and be continuing or would result therefrom;

   

  (h)           the Parent may make additional Restricted Payments in an aggregate
    amount pursuant to this paragraph (h), taken together with all other Restricted Payments previously made pursuant to this clause (h), not to exceed the greater of (x) $105,000,000 and (y) 35.0% of Consolidated EBITDA for the most recently ended Test
    Period;

   

  (i)            the Parent may repurchase, redeem, acquire or retire Capital Stock upon
    (or make provisions for withholdings in connection with) (or make provisions for withholdings in connection with), the exercise of warrants, options or other securities convertible into or exchangeable for Capital Stock if such Capital Stock represents
    all or a portion of the exercise price of, or tax withholdings with respect to, such warrants, options or other securities convertible into or exchangeable for Capital Stock as part of a “cashless” exercise;

   

  (j)            [reserved];

   

  (k)           to the extent constituting a Restricted Payment, the Parent may incur
    Indebtedness permitted by Section 7.2 and may consummate any transaction permitted by Section 7.4, Section 7.5 (other than Sections 7.5(c)) and Section 7.8 (other than Section 7.8(z) and 7.8(ff));

   

  (l)            the Parent may pay any dividend or other distribution or consummate any
    redemption within 60 days after the date of the declaration thereof or the provision of a redemption notice with respect thereto, as the case may be, if at the date of such declaration or notice, the dividend, distribution or redemption contemplated by
    such declaration or redemption notice would have complied with the provisions of this Section 7.6;

   

  (m)          the Parent may make additional Restricted Payments constituting any part
    of a Permitted Reorganization;

   

  
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  (n)           the Parent may make a distribution, by dividend or otherwise, of the
    Capital Stock of any Unrestricted Subsidiary (or a Subsidiary that owns one or more Unrestricted Subsidiaries; provided that such Subsidiary owns no assets other than Capital Stock of one or more Unrestricted Subsidiaries and immaterial assets
    incidental to the ownership thereof);

   

  (o)           the Parent may make payments and distributions to satisfy dissenters’
    rights (including in connection with, or as a result of, the exercise of appraisal rights and the settlement of any claims or actions (whether actual, contingent or potential)), pursuant to or in connection with any acquisition, merger, consolidation,
    amalgamation or Disposition that complies with Section 7.4, Section 7.5 or any other transaction permitted hereunder;

   

  (p)           the Parent may make redemptions in whole or in part of any of its
    Capital Stock for another class of its Capital Stock or with proceeds from substantially concurrent equity contributions or issuances of new Capital Stock; provided that (i) if the class of Capital Stock in respect of which such new Capital
    Stock is issued is Qualified Capital Stock, such new Capital Stock shall be Qualified Capital Stock and (ii) such new Capital Stock shall contain terms and provisions, taken as a whole, that are not materially less advantageous to the Lenders in their
    capacities as such than those contained in the Capital Stock redeemed thereby; and

   

  (q)           the Parent may make a Restricted Payment in respect of required
    withholding or similar non-U.S. Taxes with respect to any Permitted Payee and any repurchases of Capital Stock in consideration of such payments, including deemed repurchases in connection with the exercise of stock options or the issuance of
    restricted stock units or similar stock based awards.

   

  7.7           [Reserved].

   

  7.8           Investments. Make any
    advance, loan, extension of credit (by way of guaranty or otherwise) or capital contribution to, or purchase any Capital Stock, bonds, notes, debentures or other debt securities of, or any assets constituting a business unit of, or make any other
    investment in, any Person (all of the foregoing, “Investments”), except:

   

  (a)           extensions of trade credit in the ordinary course of business or
    consistent with past practice;

   

  (b)           investments in Cash Equivalents;

   

  (c)           (i) Guarantee Obligations permitted by Section 7.2 and (ii) Guarantee
    Obligations arising in the ordinary course of business or consistent with past practice with respect to other obligations that do not constitute Indebtedness;

   

  (d)           loans and advances to employees of the Parent or any Subsidiary or
    Parent Entity (including for travel, entertainment and relocation expenses) in an aggregate amount not to exceed the greater of (x) $15,000,000 and (y) 5.0% of Consolidated EBITDA for the most recently ended Test Period at any one time outstanding;

   

  (e)           [reserved];

   

  (f)            Investments by the Parent or any of its Subsidiaries in the Parent or
    any Person that, prior to or concurrently with such investment, is or becomes a Subsidiary; provided that the aggregate amount of Investments by Loan Parties in Subsidiaries that are not Loan Parties under this clause (f), together with the
    aggregate amount of Investments by Loan Parties made pursuant to the proviso to Section 7.8(j), shall not exceed the greater of (x) $120,000,000 and (y) 40.0% of Consolidated EBITDA for the most recently ended Test Period at any one time outstanding;

   

  
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  (g)           Investments in Joint Ventures or in any Person who, prior to the
    Investment, is not a Subsidiary and who becomes, as a result of the Investment, a Subsidiary that is not a Wholly Owned Subsidiary or in any other Subsidiary that is not a Loan Party in an aggregate amount pursuant to this Section 7.8(g), together with
    Investments outstanding pursuant to Section 7.8(ee), collectively, not to exceed the greater of (x) $135,000,000 and (y) 45.0% of Consolidated EBITDA for the most recently ended Test Period at any one time outstanding plus, in each case, all dividends,
    distributions, interest, payments, returns of capital, repayments of other amounts received in cash, by the Loan Parties from Joint Ventures and Persons who become a Subsidiary as a result of such Investment or from such other Subsidiaries that are not
    Loan Parties;

   

  (h)           Investments in existence on the Effective Date and, to the extent in
    excess of $5,000,000, listed on Schedule 7.8(h); provided that no such Investment is increased except as committed pursuant to the terms thereof on the Effective Date or permitted by the other provisions of this Section 7.8;

   

  (i)            each Finance Subsidiary may execute and deliver one or more promissory
    notes (having terms customary for similar notes issued in transactions similar to a Permitted Receivables Financing) to the Parent and its Subsidiaries representing the purchase price of receivables sold to such Finance Subsidiary in a Permitted
    Receivables Financing, and the Parent and its Subsidiaries may contribute receivables and other assets of the type referred to in the definition of “Permitted Receivables Financing” to the capital of any Finance Subsidiary in connection with a
    Permitted Receivables Financing;

   

  (j)            acquisitions as long as, after giving effect thereto, the Parent would
    be in compliance on a Pro Forma Basis with the covenants in Section 7.1 for the most recently ended Test Period (in the case of any acquisition made in reliance on this Section 7.8(j) that is a Material Acquisition, after giving effect to any step-up
    applicable to Section 7.1(a) to the extent that the first Test Period ending after the date of the consummation of such Material Acquisition would be an Increased Test Period in accordance with the terms of Section 7.1(a)); provided that the
    aggregate cash consideration paid or payable by a Loan Party for all acquisitions of (1) Subsidiaries that do not become Loan Parties or (2) all or substantially all the assets of a person or division or line of business of a person that will not be
    held by a Loan Party shall not exceed, together with the aggregate amount of Investments by Loan Parties made in Subsidiaries that are not Loan Parties pursuant to the proviso to Section 7.8(f), the greater of (x) $120,000,000 and (y) 40.0% of
    Consolidated EBITDA for the most recently ended Test Period at any one time outstanding ;

   

  (k)           Investments if, after giving effect thereto, the Total Leverage Ratio
    calculated on the date of incurrence thereof on a Pro Forma Basis would not exceed 3.25 to 1.00 (it being understood that any Investment permitted at the time it was made shall be deemed to be permitted notwithstanding that the conditions specified in
    this clause (k) for such Investment may no longer be satisfied thereafter); provided that no Event of Default shall have occurred and be continuing or would result therefrom;

   

  (l)            Investments by the Parent or any of its Subsidiaries in an aggregate
    outstanding amount not to exceed the portion, if any, of the Available Amount on such date that the Parent elects to apply to this clause (l); provided that no Event of Default shall have occurred and be continuing or would result therefrom;

   

  (m)          non-cash consideration received, to the extent permitted by the Loan
    Documents, in connection with the disposition of property permitted by this Agreement;

   

  
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  (n)           Investments consisting of extensions of credit in the nature of accounts
    receivable, notes receivable arising from the grant of trade credit, and guarantees for the benefit of existing or potential suppliers, customers, distributors, licensors, licensees, lessees and lessors, in each case in the ordinary course of business
    or consistent with past practice, and Investments received in satisfaction or partial satisfaction thereof from financially troubled account debtors;

   

  (o)           Hedge Agreements entered into not for speculative purposes;

   

  (p)           Investments in deposit accounts, securities accounts and commodity
    accounts maintained in the ordinary course of business, and to the extent constituting an Investment, Cash Management Obligations;

   

  (q)           Investments by the Parent or any of its Subsidiaries in an aggregate
    amount (valued at cost) (for all Investments by the Parent and all Subsidiaries pursuant to this clause (q)) not to exceed the greater of (x) $135,000,000 and (y) 45.0% of Consolidated EBITDA for the most recently ended Test Period at any one time
    outstanding;

   

  (r)            Investments to effect the Transactions;

   

  (s)           Investments held by a Person that is acquired and becomes a Subsidiary
    or of a Person merged or amalgamated or consolidated into any Subsidiary, in each case after the Effective Date and which acquisition, merger, amalgamation or consolidation is permitted in accordance with another provision of this Section 7.8, to the
    extent that such Investments held by such Person were not made in contemplation of or in connection with such acquisition, merger, amalgamation or consolidation, and were in existence or committed to be made on the date of such acquisition, merger,
    amalgamation or consolidation;

   

  (t)            any Investments in a Joint Venture to the extent such Investment is
    substantially contemporaneously repaid or refunded in full with a dividend or other distribution from such Joint Venture;

   

  (u)           to the extent that they constitute Investments, purchases and
    acquisitions of inventory, supplies, materials or equipment or purchases, acquisitions, licenses (or other grants or rights to use or exploit) or leases of other assets, Intellectual Property, or other rights, in each case in the ordinary course of
    business or consistent with past practice;

   

  (v)           Investments maintained in connection with any Loan Party’s deferred
    compensation (or equivalent) plan in the ordinary course of business;

   

  (w)          Investments consisting of rebates and 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 or consistent with past practice;

   

  (x)           any Investments acquired by the Parent or any of its Subsidiaries:

   

  (i)            in exchange for any other Investment or accounts receivables
    held by the Parent or any such Subsidiary in connection with or as a result of a bankruptcy, workout, reorganization or recapitalization of, or settlement or delinquent accounts and disputes with or judgments against, the issuer of such Investment or
    accounts receivable;

   

  
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  (ii)           as a result of a foreclosure by the Parent or any of its
    Subsidiaries with respect to any secured Investment or other transfer of title with respect to any secured Investment in default;

   

  (iii)          as a result of the settlement, compromise or resolution of
    litigation, arbitration or other disputes with Persons who are not Affiliates; or

   

  (iv)          in settlement of debts created in the ordinary course of
    business;

   

  (y)           Investments in prepaid expenses, negotiable instruments held for
    collection and lease, utility and works compensation, performance and similar deposits in each case entered into as a result of the operations of the business in the ordinary course;

   

  (z)            Investments in notes receivables payable to the Parent or any
    Subsidiary by the purchasers of assets purchased pursuant to Dispositions permitted in accordance with Section 7.5;

   

  (aa)          [reserved];

   

  (bb)         Investments in any Subsidiary consisting of reimbursement obligations in
    respect of the issuance of Letters of Credit for the account of such Subsidiary hereunder to support obligations of such Subsidiary;

   

  (cc)          advances of payroll and benefits payments to Permitted Payees in the
    ordinary course of business;

   

  (dd)         to the extent they constitute Investments, any letters of credit issued
    or created by the Parent or its Subsidiaries pursuant to Sections 7.2(aa) or (cc);

   

  (ee)          Investments in Unrestricted Subsidiaries in an aggregate amount pursuant
    to this Section 7.8(ee), together with Investments outstanding pursuant to Section 7.8(g), collectively, not to exceed the greater of (x) $135,000,000 and (y) 45.0% of Consolidated EBITDA for the most recently ended Test Period plus, in each case, all
    dividends, distributions, interest, payments, returns of capital, repayments of other amounts received in cash, by Loan Parties from Unrestricted Subsidiaries;

   

  (ff)           Investments consisting of (or resulting from) Indebtedness permitted
    under Section 7.2, Liens permitted under Section 7.3, transactions permitted by Section 7.4, Restricted Payments permitted under Section 7.6 (other than Section 7.6(k)), Restricted Debt Payments permitted by Section 7.15 and Dispositions permitted by
    Section 7.5 (other than Section 7.5(c));

   

  (gg)         Investments in the ordinary course of business consisting of endorsements
    for collection or deposit and customary trade arrangements with customers, vendors, suppliers, licensors, sublicensors, licensees and sublicensees;

   

  (hh)         [reserved];

   

  (ii)            (i) Guarantees of leases or subleases (in each case other than Capital
    Leases) or of other obligations not constituting Indebtedness, (ii) Guarantees of the lease obligations of suppliers, customers, franchisees and licensees of the Parent and/or its Subsidiaries, in each case, in the ordinary course of business or
    consistent with past practice and (iii) Investments consisting of guarantees of any supplier’s obligations in respect of commodity contracts solely to the extent such commodities related to the materials or products to be purchased by the Parent or any
    Subsidiary;

   

  
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  (jj)           Investments in Subsidiaries in connection with any Permitted
    Reorganization;

   

  (kk)         [reserved];

   

  (ll)           unfunded pension fund and other employee benefit plan obligations and
    liabilities to the extent that they are permitted to remain unfunded under applicable Requirements of Law;

   

  (mm)       Investments consisting of the licensing, sublicensing or contribution of
    any Intellectual Property pursuant to joint marketing, collaboration or other similar arrangements with other Persons;

   

  (nn)        contributions in connection with compensation arrangements to a “rabbi”
    trust for the benefit of employees, directors, partners, members, consultants, independent contractors or other service providers or other grantor trust subject to claims of creditors in the case of a bankruptcy of Parent or any of its Subsidiaries;

   

  (oo)        Investments consisting of earnest money deposits required in connection
    with purchase agreements or other acquisitions or Investments otherwise permitted under this Section 7.8 and any other pledges or deposits permitted by Section 7.3;

   

  (pp)        Term Loans repurchased by the Parent or a Subsidiary pursuant to and
    subject to immediate cancellation in accordance with this Agreement; and

   

  (qq)        Guarantee Obligations of Parent or any Subsidiary in respect of letters of
    support, guarantees or similar obligations issued, made or incurred for the benefit of any Subsidiary of Parent to the extent required by law or in connection with any statutory filing or the delivery of audit opinions performed in jurisdictions other
    than within the United States.

   

  Any Investment that when made complies with the requirements of the definition of the term “Cash Equivalents” may continue to be held notwithstanding that such
    Investment if made thereafter would not comply with such requirements.

   

  Notwithstanding the foregoing, no Investment consisting of or resulting from any transfer or other Disposition of any material Intellectual Property by the Parent or
    any Subsidiary may be made to an Unrestricted Subsidiary except pursuant to clause (ee) above.

   

  7.9           [Reserved].

   

  7.10         Transactions with Affiliates.
    Enter into or suffer to exist any transaction, including any purchase, sale, lease or exchange of property, the rendering of any service or the payment of any management, advisory or similar fees with any non-consolidated Affiliate involving aggregate
    payments or consideration in excess of the greater of (x) $22,500,000 and (y) 7.5% of Consolidated EBITDA for the most recently ended Test Period; provided that the foregoing restriction shall not apply to:

   

  (a)           the Transactions;

   

  (b)           transactions or agreements between or among any of the Parent and its
    Subsidiaries;

   

  (c)           transactions in effect on the Effective Date, and to the extent in
    excess of $5,000,000, listed on Schedule 7.10 and any amendment, modification or extension to the agreements governing such transactions to the extent such amendment, modification or extension, taken as a whole, is not materially (i) adverse to the
    Lenders or (ii) more disadvantageous to the Lenders than the relevant transaction in existence on the Effective Date;

   

  
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  (d)           [reserved];

   

  (e)           transactions that (a) are upon fair and reasonable terms not materially
    less favorable to the Parent and its Subsidiaries than would be obtained in a comparable arm’s length transaction with a Person that is not a non-consolidated Affiliate or (b) if in the good faith judgment of the board of directors of the Parent no
    comparable transaction is available with which to compare such transaction, such transaction is fair to the Parent and its Subsidiaries from a financial point of view;

   

  (f)            any issuance, sale or grant of securities or other payments, awards or
    grants in cash, securities or otherwise pursuant to, or the funding of, employment arrangements, stock options and stock ownership plans approved by the board of directors (or equivalent governing body) of the Parent or any Subsidiary or any Parent
    Entity;

   

  (g)           (i) any collective bargaining, employment, indemnification, expense
    reimbursement or severance agreement or compensatory (including profit sharing) arrangement entered into by the Parent or any of its Subsidiaries with any Permitted Payee, (ii) any subscription agreement or similar agreement pertaining to the
    repurchase of Capital Stock pursuant to put/call rights or similar rights with any Permitted Payee and (iii) payments or other transactions pursuant to any management equity plan, employee compensation, benefit plan, stock option plan or arrangement,
    equity holder arrangement, supplemental executive retirement benefit plan, any health, disability or similar insurance plan, or any employment contract or arrangement which covers any Permitted Payee and payments pursuant thereto;

   

  (h)           Indebtedness permitted by Section 7.2, Liens permitted by Section 7.3
    (other than Section 7.3(jj)), transactions permitted by Section 7.4, Restricted Payments permitted under Section 7.6 (other than Section 7.6(k)), Investments permitted under Section 7.8 (other than Section 7.8(z) and Section 7.8(ff)) and Restricted
    Debt Payments permitted by Section 7.15);

   

  (i)            (i) the formation of a joint venture or similar entity (and Investments
    permitted in connection therewith), which would constitute a transaction with an Affiliate solely as a result of the Parent or any Subsidiary owning Capital Stock of, or otherwise controlling, such joint venture or similar entity and (ii) transactions
    with any Person that is an Affiliate solely because a director or officer (or equivalent manager) of such Person is a director or officer (or equivalent manager) of the Parent or any Subsidiary;

   

  (j)            the payment of customary fees and reasonable out-of-pocket costs to,
    and indemnities provided on behalf of, members of the board of directors (or similar governing body), officers, employees, members of management, managers, consultants and independent contractors of the Parent or any of its Subsidiaries in the ordinary
    course of business;

   

  (k)           any transaction in respect of which the Parent delivers to the
    Administrative Agent a letter addressed to the board of directors (or equivalent governing body) of the Parent from an accounting, appraisal or investment banking firm of nationally recognized standing stating that such transaction is fair to the
    Parent or such Subsidiary from a financial point of view or stating that the terms, when taken as a whole, are not substantially less favorable to the Parent or the applicable Subsidiary than might be obtained at the time in a comparable arm’s length
    transaction from a Person who is not an Affiliate;

   

  (l)            (i) Investments by Affiliates in securities or other Indebtedness of
    the Parent or any Subsidiary (and payment of reasonable out-of-pocket expenses incurred by such Affiliates in connection therewith) so long as the Investment is being offered by the Parent or such Subsidiary generally to other investors on the same or
    more favorable terms and (ii) payments to Affiliates in respect of securities or other Indebtedness of the Parent or any Subsidiary contemplated in the foregoing subclause (i) or that were acquired from Persons other than the Parent and the
    Subsidiaries, in each case, in accordance with the terms of such securities or other Indebtedness;

   

  
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  (m)          any transaction that is approved by the majority of the members of the
    board of directors (or similar governing body) of the Parent in good faith; and

   

  (n)           transactions undertaken in the ordinary course of business or consistent
    with past practice pursuant to membership in a purchasing consortium.

   

  7.11         Sales and Leasebacks. Enter
    into or suffer to exist any arrangement with any Person providing for the leasing by the Parent or any Subsidiary of real or personal property that has been or is to be sold or transferred in a related transaction by the Parent or such Subsidiary to
    such Person or to any other Person to whom funds have been or are to be advanced by such Person on the security of such property or rental obligations of the Parent or such Subsidiary; provided that any such transaction shall be permitted so
    long as (i) such transaction is on an arm’s length basis and (ii) the resulting Indebtedness is permitted by Section 7.2; provided that no Event of Default shall have occurred and be continuing or would result therefrom and such sale/leaseback
    shall be for no less than the fair market value of such property at the time of such sale/leaseback as determined by the Parent in good faith (collectively, the “Permitted Sale/Leasebacks”) (the Parent agreeing that all Permitted Sale/Leasebacks
    shall be Asset Sales and any Lien on or security interests in any such property created by the Loan Documents shall be automatically released upon consummation of such Permitted Sale/Leasebacks and the Collateral Agent shall take any action reasonably
    requested by the Parent to evidence such release).

   

  7.12         Changes in Fiscal Periods.
    Permit the fiscal year of the Parent to end on a day other than May 31 of each year; provided, however, that the Parent may, upon written notice to the Administrative Agent, change the financial reporting convention above to (x)
    a calendar year-end convention or (y) any other financial reporting convention reasonably acceptable to the Administrative Agent, in which case, the Parent and the Administrative Agent will, and are hereby authorized by the Lenders to, make any
    amendments to this Agreement that are necessary, in the reasonable judgment of the Administrative Agent and the Parent, to reflect such change in fiscal year.

   

  7.13         Negative Pledge Clauses. Enter
    into or suffer to exist or become effective any agreement that prohibits or limits the ability of the Parent or any of its Subsidiaries (other than Excluded Subsidiaries (except to the extent any Subsidiary is an Excluded Subsidiary solely pursuant to
    clause (iii) of the definition thereof)) to create, incur, assume or suffer to exist any Lien upon any of its property (other than Parent Stock and other Excluded Assets) or revenues, whether now owned or hereafter acquired, to secure its obligations
    under the Loan Documents to which it is a party other than:

   

  (a)           (i) this Agreement and the other Loan Documents, (ii) the documentation
    for Indebtedness permitted pursuant to Section 7.2(c) or 7.2(f), and (iii) the documentation for any Indebtedness permitted by Section 7.2(l) or 7.2(p); provided, that such documentation permits the Liens on the Collateral securing the
    obligations under the Loan Documents as in effect on the date of incurrence thereof;

   

  (b)           any agreements governing secured Indebtedness permitted hereby (in which
    case, any prohibition or limitation shall only be effective against the assets securing such Indebtedness) or Permitted Receivables Financings or Supply Chain Financings (in which case, any prohibition or limitation shall only be effective against the
    assets included in such Permitted Receivables Financing or Supply Chain Financings);

   

  
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  (c)           restrictions by reason of customary provisions restricting assignments,
    subletting, licensing, sublicensing or other transfers (including the granting of any Lien) contained in leases, subleases, licenses, sublicenses, joint venture agreements, asset sale agreements, trading, netting, operating, construction, service,
    supply, purchase, sale or other agreements entered into in the ordinary course of business or consistent with past practice (each of the foregoing, a “Covered Agreement”) (provided that such restrictions are limited to the relevant
    Covered Agreement and/or the property or assets secured by such Liens or the property or assets subject to such Covered Agreement);

   

  (d)           customary restrictions on the creation of Liens on any property or
    assets arising under a security agreement governing a Lien permitted under this Agreement;

   

  (e)           customary restrictions and conditions contained in agreements relating
    to the sale of a Subsidiary or any assets pending such sale; provided such restrictions and conditions apply only to the Subsidiary or assets that are to be sold and such sale is permitted hereunder;

   

  (f)            customary restrictions in Intellectual Property license agreements;

   

  (g)           any encumbrance or restriction assumed in connection with an acquisition
    of the property or Capital Stock of any Person, so long as such encumbrance or restriction relates solely to the Person and its subsidiaries (including the Capital Stock of the relevant Person or Persons) and/or property so acquired (or to the Person
    or Persons (and its or their subsidiaries) bound thereby) and was not created in contemplation of such acquisition;

   

  (h)           restrictions imposed by customary provisions in partnership agreements,
    limited liability company organizational governance documents, joint venture agreements and other similar agreements (i) relating to the transfer of the assets of, or ownership interests in, the relevant partnership, limited liability company, joint
    venture or any similar Person (or any “shell company” Parent with respect thereto), (ii) relating to such joint venture or its members or (iii) entered into in the ordinary course of business;

   

  (i)            restrictions on cash or other deposits permitted under Section 7.3
    and/or 7.8 and any net worth or similar requirements, including such restrictions or requirements imposed by Persons under contracts entered into in the ordinary course of business or for whose benefit such cash or other deposits or net worth
    requirements exist;

   

  (j)            restrictions (i) set forth in documents which exist on the Effective
    Date or (ii) which are contemplated as of the Effective Date and, in the case of this clause (ii), to the extent the assets or property subject to such restriction are in excess of $5,000,000, set forth on Schedule 7.13;

   

  (k)           restrictions arising under or as a result of applicable Requirements of
    Law or the terms of any license, authorization, concession or permit issued or granted by a Governmental Authority;

   

  (l)            restrictions with respect to any Subsidiary that was previously an
    Unrestricted Subsidiary, pursuant to or by reason of an agreement that such Subsidiary is a party to or entered into before the date on which such Subsidiary became a Subsidiary; provided that such agreement was not entered into in anticipation
    of such Subsidiary or such Unrestricted Subsidiary becoming a Subsidiary and any such restriction does not extend to any assets or property of the Parent or any other Subsidiary other than the assets and property of such Subsidiary;

   

  
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  (m)          restrictions arising pursuant to an agreement or instrument relating to
    any Indebtedness permitted to be incurred after the Merger Effective Time if the relevant restrictions, taken as a whole, are not materially less favorable to the Lenders than the restrictions contained in this Agreement, taken as a whole (as
    determined by the Borrower in good faith) or are on then market terms for such type of Indebtedness (as determined by the Borrower in good faith); and

   

  (n)           other restrictions or encumbrances imposed by any amendment,
    modification, restatement, renewal, increase, supplement, refunding, replacement or refinancing of the contracts, instruments or obligations referred to in the preceding clauses of this Section 7.13; provided that no such amendment,
    modification, restatement, renewal, increase, supplement, refunding, replacement or refinancing is, in the good faith judgment of the Parent, materially more restrictive with respect to such encumbrances and other restrictions, taken as a whole, than
    those in effect prior to the relevant amendment, modification, restatement, renewal, increase, supplement, refunding, replacement or refinancing.

   

  7.14         Lines of Business. Enter into
    any material business, either directly or through any Subsidiary, except for those businesses substantially similar to the businesses in which the Parent and its Subsidiaries are engaged on at the Merger Effective Time, after giving effect to the
    Transactions, or that are reasonably related, complementary, synergistic or ancillary thereto or reasonable extensions thereof.

   

  7.15         Optional Payments and
      Modifications of Subordinated Indebtedness. (i) 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
    Subordinated Indebtedness, 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, defeasance, cancelation or
    termination of such Subordinated Indebtedness (collectively, “Restricted Debt Payments”), or (ii) amend, modify, waive or otherwise change, or consent or agree to any amendment, modification, waiver or other change to, any of the terms of any
    agreement, instrument or other document evidencing Subordinated Indebtedness (other than any such amendment, modification, waiver or other change that (x) is permitted by the terms of the applicable subordination or intercreditor agreement or (y) is
    not in the good faith judgment of the Parent materially adverse to the Lenders); provided that, so long as no Event of Default under Section 8(a) or 8(f) has occurred and is continuing, the Parent and its Subsidiaries may:

   

  (a)           make regularly scheduled interest and principal payments as and when due
    in respect of any Subordinated Indebtedness, other than payments prohibited by the subordination provisions thereof;

   

  (b)           refinance Subordinated Indebtedness with Permitted Refinancings;

   

  (c)           make payments of or in respect of Subordinated Indebtedness made solely
    with the Net Cash Proceeds of Qualified Capital Stock issued by the Parent or any Parent Entity after the Merger Effective Time;

   

  (d)           (A) convert any Subordinated Indebtedness into Qualified Capital Stock
    of Parent or Capital Stock of any Parent Entity and (B) to the extent constituting a Restricted Debt Payment, pay payment-in-kind interest with respect to any Indebtedness that is permitted under Section 7.2;

   

  (e)           make Restricted Debt Payments in an aggregate amount not to exceed the
    portion, if any, of the Available Amount on such date that the Parent elects to apply to this clause (e); provided that no Event of Default shall have occurred and be continuing or would result therefrom;

   

  
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  (f)            make additional payments of or in respect of Subordinated Indebtedness;
    provided that the aggregate principal amount of such payments pursuant to this clause (f) may not exceed the greater of (x) $45,000,000 and (y) 15.0% of Consolidated EBITDA for the most recently ended Test Period;

   

  (g)           make unlimited Restricted Debt Payments at any time the Total Leverage
    Ratio does not exceed than 3.00 to 1.00 calculated on the date of incurrence thereof on a Pro Forma Basis after giving effect to such payment (it being understood and agreed that any fee, premium or expense paid or payable in connection with such
    payment shall not be subject to or included within the calculation of such amount); and

   

  (h)           make payments as part of, or to enable another Person to make, an
    “applicable high yield discount obligation” catch-up payment.

   

  7.16         Use of Proceeds. Request any
    Loan or Letter of Credit, and no Borrower nor any Subsidiary shall use, and shall use commercially reasonable efforts to procure that its Subsidiaries and its or their respective directors, officers, employees and agents shall not use, the proceeds of
    any Loan or Letter of Credit (a) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws, (b) for the purpose of directly
    or, to any Borrower’s Knowledge, indirectly funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country, except to the extent permitted for a Person required to comply with
    Sanctions, or (c) in any manner that would result in the violation of any Sanctions applicable to any party hereto.

   

  Section 8.          EVENTS

    OF DEFAULT

   

  If any of the following events shall occur and be continuing (x) with respect to Section 8(a), Section 8(f) (until the Merger Effective Time, solely with respect to
    the Borrower), Section 8(k)(i) and Section 8(m)(i), on and after the Effective Date and (y) otherwise, on and after the Merger Effective Time:

   

  (a)           (i) any Borrower shall fail to pay any principal of any Loan or
    Reimbursement Obligation when due in accordance with the terms hereof; or (ii) any Borrower shall fail to pay any interest on any Loan or Reimbursement Obligation, or any other amount payable hereunder or under any other Loan Document, in the case of
    this clause (ii), within five Business Days after any such interest or other amount becomes due in accordance with the terms hereof; or

   

  (b)           any representation or warranty made or deemed made by any Loan Party herein or
      in any other Loan Document shall prove to have been inaccurate in any material respect on or as of the date made or deemed made and, to the extent capable of being corrected, such inaccuracy is not corrected on or prior to 30 days from the earlier of
      (x) the first date a Responsible Officer of the Parent has Knowledge of such inaccuracy and (y) the date on which the Parent received notice thereof from the Administrative Agent or the Required Lenders of such misrepresentation; or

   

  (c)           any Loan Party shall default in the observance or performance of any
    agreement contained in clause (i) or (ii) of Section 6.4(a) (in each case with respect to legal existence of any Borrower only), Section 6.7(a) or Section 7 of this Agreement; or

   

  (d)           any Loan Party shall default in the observance or performance of any
    other agreement contained in this Agreement or any other Loan Document (other than as provided in paragraphs (a) through (c) of this Section), and such default shall continue unremedied for a period of 30 days after receipt of written notice thereof by
    the Parent from the Administrative Agent or the Required Lenders; or

   

  
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  (e)           the Parent or any of its Subsidiaries shall (i) default in making any
    payment of any principal of or interest on any Indebtedness (excluding Indebtedness under the Loan Documents) when due, in each case, beyond the period of grace, if any, provided therefor or (ii) default in the observance or performance of any other
    agreement or condition relating to any such Indebtedness or contained in any instrument or agreement evidencing, securing or relating thereto, or any other event shall occur or condition exist, in each case of clauses (i) or (ii) the effect of which
    default or other event or condition is to cause, or to permit the holder or beneficiary of such Indebtedness (or a trustee or agent on behalf of such holder or beneficiary) to cause, with the giving of notice if required, such Indebtedness to become
    due prior to its stated maturity; provided, that a default, event or condition described in clause (i) or (ii) of this paragraph (e) shall not at any time constitute an Event of Default unless, at such time, one or more defaults, events or
    conditions of the type described in clauses (i) or (ii) of this paragraph (e) shall have occurred and be continuing with respect to Indebtedness the aggregate outstanding principal amount of which exceeds in the aggregate of $100,000,000 for the Parent
    and its Subsidiaries; or

   

  (f)            (i) the Parent or any of Significant Subsidiaries shall commence any
    case, proceeding or other action (A) under any existing or future law of any jurisdiction, domestic or foreign, relating to bankruptcy, insolvency, reorganization or relief of debtors, seeking to have an order for relief entered with respect to it, or
    seeking to adjudicate it a bankrupt or insolvent, or seeking reorganization, arrangement, adjustment, winding-up, liquidation, dissolution, composition or other relief with respect to it or its debts, or (B) seeking appointment of a receiver, trustee,
    custodian, conservator or other similar official for it or for all or any substantial part of its assets, or the Parent or any of its Significant Subsidiaries shall make a general assignment for the benefit of its creditors; or (ii) there shall be
    commenced against the Parent or any of its Significant Subsidiaries any case, proceeding or other action of a nature referred to in clause (i) above that (A) results in the entry of an order for relief or any such adjudication or appointment or (B)
    remains undismissed, undischarged or unbonded for a period of 60 days; or (iii) there shall be commenced against the Parent or any of its Significant Subsidiaries any case, proceeding or other action seeking issuance of a warrant of attachment,
    execution, distraint or similar process against all or any substantial part of its assets that results in the entry of an order for any such relief that shall not have been vacated, discharged, or stayed or bonded pending appeal within 60 days from the
    entry thereof; or (iv) the Parent or any of its Significant Subsidiaries shall take any corporate action in furtherance of, or indicating its consent to, approval of, or acquiescence in, any of the acts set forth in clause (i), (ii), or (iii) above
    (except for any such case, proceeding or action in connection with any liquidation or dissolution otherwise permitted pursuant to Section 7.4 of this Agreement); or (v) the Parent or any of its Significant Subsidiaries shall generally not, or shall be
    unable to, or shall admit in writing its inability to, pay its debts as they become due; or

   

  (g)           (i) any Person shall engage in any non-exempt “prohibited transaction”
    (as defined in Section 406 of ERISA or Section 4975 of the Code) involving any Plan, (ii) any “failure to meet the minimum funding standards” (as defined in Section 412 of the Code or 302 of ERISA), whether or not waived, shall exist with respect to
    any Plan or any Lien in favor of the PBGC or a Plan shall arise on the assets of the Parent or any Commonly Controlled Entity, (iii) a Reportable Event shall occur with respect to, or proceedings shall commence to have a trustee appointed, or a trustee
    shall be appointed, to administer or to terminate, any Plan, which Reportable Event or commencement of proceedings or appointment of a trustee would reasonably be expected to result in the termination of such Plan for purposes of Title IV of ERISA,
    (iv) any Plan shall terminate for purposes of Title IV of ERISA, (v) the Parent or any Commonly Controlled Entity shall, or would reasonably be expected to, incur any liability in connection with a withdrawal or partial withdrawal from, or the
    Insolvency of, a Multiemployer Plan,; or (vi) any other event or condition shall occur or exist with respect to a Plan; and in each case in clauses (i) through (vi) above, such event or condition, together with all other such events or conditions, if
    any, could be expected to have a Material Adverse Effect; or

   

  
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  (h)           one or more judgments or decrees shall be entered against the Parent or
    any of its Subsidiaries involving in the aggregate for the Parent and its Subsidiaries a liability (not covered by insurance as to which the relevant insurance company has not denied coverage) of $100,000,000 or more, and all such judgments or decrees
    shall not have been vacated, discharged, stayed or bonded pending appeal within 60 days from the entry thereof (it being understood that, notwithstanding the definition of “Default,” no “Default” shall be triggered solely by the rendering of a judgment
    or judgments prior to the lapse of such 60 day period so long as such judgments are capable of satisfaction by payment at any time); or

   

  (i)            any of the Security Documents shall cease, for any reason, to be in
    full force and effect, or any Loan Party shall so assert in writing, or any Lien created by any of the Security Documents shall cease to be enforceable and of the same effect and priority purported to be created thereby on a material portion of the
    Collateral, except to the extent that such cessation results from the failure of the Collateral Agent to maintain possession of certificates representing securities pledged or to file continuation statements under the Uniform Commercial Code of any
    applicable jurisdiction; or

   

  (j)            any material portion of the guarantees contained in the Guarantee
    Agreement, taken as a whole, shall cease, for any reason, to be in full force and effect (other than as permitted in a Loan Document or in accordance with its terms) or any Loan Party shall so assert; or

   

  (k)           (A) prior to the Distribution, the Seller ceases to own 100% of the
    Capital Stock of the Company, (B) any “person” or “group” (as such terms are used in Sections 13(d) and 14(d) of the Exchange Act), shall become the “beneficial owner” (as defined in Rules 13(d)-3 and 13(d)-5 under the Exchange Act), directly or
    indirectly, of more than 35.0% of the outstanding common voting stock of the Parent, or (C) the board of directors of the Parent shall cease to consist of a majority of Continuing Directors (collectively, a “Change of Control”), provided
    that the Transactions shall not constitute a Change of Control; or

   

  (l)            [reserved]; or

   

  (m)          (i) Each of the Separation, the Contribution, the Merger and the
    Distribution does not occur on or prior to the Closing Date or on or prior to the Business Day immediately following the Closing Date and (ii) any Loan Party fails to perform or observe any term, covenant or agreement contained in Section 6.12 within
    the applicable time period therefor set forth therein.

   

  then, and in any such event, (A) if such event is an Event of Default specified in clause (i) or (ii) of paragraph (f) above with respect to any Borrower, automatically the Revolving
    Commitments shall immediately terminate and the Loans hereunder (with accrued interest thereon) and all other amounts owing under this Agreement and the other Loan Documents (including all amounts of L/C Obligations, whether or not the beneficiaries of
    the then outstanding Letters of Credit shall have presented the documents required thereunder) shall immediately become due and payable, and (B) if such event is any other Event of Default, either or both of the following actions may be taken: (i) with
    the consent of the Required Lenders, the Administrative Agent may, or upon the request of the Required Lenders, the Administrative Agent shall, by notice to the Borrowers declare the Revolving Commitments to be terminated forthwith, whereupon the
    Revolving Commitments thereof shall immediately terminate; and (ii) with the consent of the Required Lenders, the Administrative Agent may, or upon the request of the Required Lenders, the Administrative Agent shall, by notice to the Borrowers, declare
    the Loans hereunder (with accrued interest thereon) and all other amounts owing under this Agreement and the other Loan Documents (including all amounts of L/C Obligations, whether or not the beneficiaries of the then outstanding Letters of Credit
    shall have presented the documents required thereunder) to be due and payable forthwith, whereupon the same shall immediately become due and payable. With respect to all Letters of Credit with respect to which presentment for honor shall not have
    occurred at the time of an acceleration pursuant to this paragraph, each applicable Borrower shall at such time deposit in a cash collateral account opened by the Administrative Agent an amount equal to the aggregate then undrawn and unexpired amount
    of such Letters of Credit. Amounts held in such cash collateral account shall be applied by the Administrative Agent to the payment of drafts drawn under such Letters of Credit, and the unused portion thereof after all such Letters of Credit shall have
    expired or been fully drawn upon, if any, shall be applied to repay other obligations of each such Borrower hereunder and under the other Loan Documents. After all such Letters of Credit shall have expired or been fully drawn upon, all Reimbursement
    Obligations shall have been satisfied and all other obligations of the Borrowers hereunder and under the other Loan Documents then due and payable shall have been paid in full, the balance, if any, in such cash collateral account shall be returned to
    the applicable Borrower(s) (or such other Person as may be lawfully entitled thereto). Except as expressly provided above in this Section, presentment, demand, protest and all other notices of any kind are hereby expressly waived by each Borrower.

   

  
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  Notwithstanding anything to the contrary contained in this Section 8, in the event that the Parent fails to comply with the requirement of the Financial Covenants, from the beginning of
    any fiscal period until the expiration of the 15th Business Day following the date financial statements referred to in Section 6.1(a) or (b) are required to be delivered in respect of such fiscal period for which such Financial Covenant is being
    measured (such date, the “Cure Right Expiration Date”), any holder of Capital Stock of Parent or any Parent Entity shall have the right to cure such failure (the “Cure Right”) by causing cash net equity proceeds derived from an issuance of Capital
    Stock (other than Disqualified Capital Stock, unless reasonably satisfactory to the Administrative Agent) by the Parent (or from a contribution to the common equity capital of the Parent) to be contributed, directly or indirectly, as cash common equity
    to Parent, and upon receipt by Parent of such cash contribution (such cash amount being referred to as the “Cure Amount”) pursuant to the exercise of such Cure Right, such Financial Covenant shall be recalculated giving effect to the following pro
    forma adjustments: (i) Consolidated EBITDA shall be increased, solely for the purpose of determining the existence of an Event of Default resulting from a breach of the Financial Covenants with respect to any period of four consecutive fiscal quarters
    that includes the fiscal quarter for which the Cure Right was exercised and not for any other purpose under this Agreement, by an amount equal to the Cure Amount; (ii) Consolidated Total Debt shall be decreased solely to the extent proceeds of the Cure
    Amount are actually applied to prepay any of the Facilities and there shall be no pro forma reduction in Indebtedness with the proceeds of the Cure Amount for determining compliance with the Financial Covenants unless such proceeds are actually applied
    to prepay Indebtedness under the Facilities; and (iii) if, after giving effect to the foregoing recalculations, the Parent shall then be in compliance with the requirements of the Financial Covenants, the Parent shall be deemed to have satisfied the
    requirements of the Financial Covenants 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 such financial covenants that had
    occurred shall be deemed cured for the purposes of this Agreement; provided that (A) in each period of four consecutive fiscal quarters there shall be at least two fiscal quarters in which no Cure Right is made, (B) there shall be a maximum of five
    Cure Rights made during the term of this Agreement, (C) each Cure Amount shall be no greater than the amount expected to be required to cause the Borrowers to be in compliance with the Financial Covenants and (D) except as provided in subclause (ii)
    immediately above, the Cure Amounts shall be disregarded for all other purposes under the Loan Documents; provided, further that upon the Administrative Agent receiving a written notice from any Borrower in the case of any Default or Event of Default
    resulting from the failure to perform or observe the Financial Covenants, from the beginning of any fiscal period until the Cure Right Expiration Date, of its intent to exercise its rights under this paragraph, neither the Administrative Agent nor any
    Lender shall exercise any rights or remedies under this Section 8 (or under any other Loan Document) available solely as a result of the continuance of any Default or Event of Default on the basis of any actual or purported failure to comply with the
    Financial Covenants (and such Default or Event of Default shall be deemed not to have occurred (provided no Revolving Loans or Swingline Loans (other than Letter of Credit Reimbursement Loans) shall be required to be made and no Letter of Credit shall
    be required to be issued unless and until such breach of the Financial Covenants is waived or cured with the proceeds of a Cure Amount)) unless such Default or Event of Default is not cured with the proceeds of a Cure Amount on or prior to the Cure
    Right Expiration Date.

   

  
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  Section 9.          THE
    AGENTS

   

  9.1           Appointment.

   

  (a)           Each Lender hereby irrevocably designates and appoints the Administrative Agent as the agent of such Lender under this Agreement and the other Loan
    Documents, and each such Lender irrevocably authorizes the Administrative Agent, in such capacity, to take such action on its behalf under the provisions of this Agreement and the other Loan Documents and to exercise such powers and perform such duties
    as are expressly delegated to the Administrative Agent by the terms of this Agreement and the other Loan Documents, together with such other powers as are reasonably incidental thereto. Notwithstanding any provision to the contrary elsewhere in this
    Agreement, the Administrative Agent shall not have any duties or responsibilities, except those expressly set forth herein, or any fiduciary relationship with any Lender, and no implied covenants, functions, responsibilities, duties, obligations or
    liabilities shall be read into this Agreement or any other Loan Document or otherwise exist against the Administrative Agent.

   

  (b)           The Administrative Agent shall also act as the “collateral agent” under
    the Loan Documents, and each of the Lenders and the Swingline Lender and each Issuing Lender hereby irrevocably appoints and authorizes the Administrative Agent to act as the agent of such Lender, Swingline Lender and Issuing Lender for purposes of
    acquiring, holding and enforcing any and all Liens on Collateral granted by any of the Loan Parties to secure any of the Obligations, together with such powers and discretion as are reasonably incidental thereto.

   

  (c)           [reserved].

   

  (d)           Each Lender, Swingline Lender and Issuing Lender irrevocably authorizes
    and instructs the Administrative Agent to, and the Administrative Agent shall (i) subordinate any 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 7.3 (other than Sections 7.3(a), (b), (c), (e), (g), (h), (k), (o), (p), (u), (y), (jj), (ll), and (tt)); and (ii) enter into subordination, intercreditor or similar agreements (and take any action pursuant thereto) with respect to
    Indebtedness that is (A) required or permitted to be subordinated hereunder or (B) secured by Liens, and with respect to which Indebtedness, this Agreement contemplates an intercreditor, subordination, or similar agreement.

   

  (e)           The Administrative Agent is authorized to enter into First Lien
    Intercreditor Agreements, Junior Lien Intercreditor Agreements and any other intercreditor, subordination, or similar agreement reasonably acceptable to it and contemplated hereby with respect to any Indebtedness (i) that is (A) required or permitted
    to be subordinated hereunder or (B) secured by Liens and (ii) which contemplates an intercreditor, subordination or collateral trust agreement (any such other intercreditor agreement, an “Additional Agreement”), and the Lenders, Swingline Lender and
    Issuing Lenders hereto acknowledge that each First Lien Intercreditor Agreement, Junior Lien Intercreditor Agreement and Additional Agreement is binding upon them. Each Lender, Swingline Lender and Issuing Lender hereby (A) consents to the
    subordination of the Liens on the Collateral securing the Obligations on the terms set forth in any First Lien Intercreditor Agreement, Junior Lien Intercreditor Agreement or any Additional Agreement, (B) agrees that it will be bound by, and will not
    take any action contrary to, the provisions of any First Lien Intercreditor Agreement, Junior Lien Intercreditor Agreement or any Additional Agreement and (C) authorizes and instructs the Administrative Agent to enter into any First Lien Intercreditor
    Agreement, Junior Lien Intercreditor Agreement or Additional Agreement (and take any action pursuant thereto) and to subject the Liens on the Collateral securing the Obligations to the provisions thereof.

   

  
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  9.2           Delegation of Duties. The
    Administrative Agent may execute any of its duties under this Agreement and the other Loan Documents by or through agents or attorneys-in-fact and shall be entitled to advice of counsel concerning all matters pertaining to such duties. The
    Administrative Agent shall not be responsible for the negligence or misconduct of any agents or attorneys-in-fact selected by it with reasonable care.

   

  9.3           Exculpatory Provisions.
    Neither any Agent nor any of their respective officers, directors, employees, agents, attorneys-in-fact or affiliates shall be (i) liable for any action lawfully taken or omitted to be taken by it or such Person under or in connection with this
    Agreement or any other Loan Document (except to the extent that any of the foregoing are found by a final and nonappealable decision of a court of competent jurisdiction to have resulted from its or such Person’s own bad faith, gross negligence or
    willful misconduct) or (ii) responsible in any manner to any of the Lenders for any recitals, statements, representations or warranties made by any Loan Party or any officer thereof contained in this Agreement or any other Loan Document or in any
    certificate, report, statement or other document referred to or provided for in, or received by the Agents under or in connection with, this Agreement or any other Loan Document or for the value, validity, effectiveness, genuineness, enforceability or
    sufficiency of this Agreement or any other Loan Document or for any failure of any Loan Party a party thereto to perform its obligations hereunder or thereunder. The Agents shall not be under any obligation to any Lender to ascertain or to inquire as
    to the observance or performance of any of the agreements contained in, or conditions of, this Agreement or any other Loan Document, or to inspect the properties, books or records of any Loan Party.

   

  9.4           Reliance by Administrative Agent.
    The Administrative Agent shall be entitled to rely, and shall be fully protected in relying, upon any instrument, writing, resolution, notice, consent, certificate, affidavit, letter, telecopy, telex or teletype message, statement, order or other
    document or conversation believed by it to be genuine and correct and to have been signed, sent or made by the proper Person or Persons and upon advice and statements of legal counsel (including counsel to the Borrowers), independent accountants and
    other experts selected by the Administrative Agent. The Administrative Agent may deem and treat the payee of any Note as the owner thereof for all purposes unless a written notice of assignment, negotiation or transfer thereof shall have been filed
    with the Administrative Agent. The Administrative Agent shall be fully justified in failing or refusing to take any action under this Agreement or any other Loan Document unless it shall first receive such advice or concurrence of the Required Lenders
    (or, if so specified by this Agreement, all Lenders) if the Administrative Agent believes in good faith that such action shall expose it to liability or it shall first be indemnified to its satisfaction by the Lenders against any and all liability and
    expense that may be incurred by it by reason of taking or continuing to take any such action. The Administrative Agent shall in all cases be fully protected in acting, or in refraining from acting, under this Agreement and the other Loan Documents in
    accordance with a request of the Required Lenders (or, if so specified by this Agreement, all Lenders), and such request and any action taken or failure to act pursuant thereto shall be binding upon all the Lenders and all future holders of the Loans.

   

  9.5           Notice of Default. The
    Administrative Agent shall not be deemed to have knowledge or notice of the occurrence of any Default hereunder unless the Administrative Agent has received notice from a Lender or a Borrower referring to this Agreement, describing such Default and
    stating that such notice is a “notice of default”. In the event that the Administrative Agent receives such a notice, the Administrative Agent shall give notice thereof to the Lenders. The Administrative Agent shall take such action with respect to
    such Default as shall be reasonably directed by the Required Lenders as set forth in this Agreement (or, if so specified by this Agreement, all Lenders); provided that unless and until the Administrative Agent shall have received such
    directions, the Administrative Agent may (but shall not be obligated to) take such action, or refrain from taking such action, with respect to such Default as it shall deem advisable in the best interests of the Lenders and permitted by this Agreement.

   

  
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  9.6           Non-Reliance on Agents and Other
      Lenders; Acknowledgements of Lenders and Issuing Lenders.

   

  (a)           Each Lender expressly acknowledges that neither the Agents nor any of
    their respective officers, directors, employees, agents, attorneys-in-fact or affiliates have made any representations or warranties to it and that no act by any Agent hereinafter taken, including any review of the affairs of a Loan Party or any
    affiliate of a Loan Party, shall be deemed to constitute any representation or warranty by any Agent to any Lender. Each Lender and each Issuing Lender represents and warrants that (i) the Loan Documents set forth the terms of a commercial lending
    facility, (ii) it is engaged in making, acquiring or holding commercial loans and in providing other facilities set forth herein as may be applicable to such Lender or Issuing Lender, in each case in the ordinary course of business, and not for the
    purpose of purchasing, acquiring or holding any other type of financial instrument (and each Lender and each Issuing Lender agrees not to assert a claim in contravention of the foregoing), (iii) it has, independently and without reliance upon the
    Administrative Agent, any Arranger, or any other Lender or Issuing Lender, or any of the Related Parties of any of the foregoing, and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to
    enter into this Agreement as a Lender, and to make, acquire or hold Loans hereunder and (iv) it is sophisticated with respect to decisions to make, acquire and/or hold commercial loans and to provide other facilities set forth herein, as may be
    applicable to such Lender or such Issuing Lender, and either it, or the Person exercising discretion in making its decision to make, acquire and/or hold such commercial loans or to provide such other facilities, is experienced in making, acquiring or
    holding such commercial loans or providing such other facilities. Each Lender and each Issuing Lender also acknowledges that it will, independently and without reliance upon the Administrative Agent, any Arranger or any other Lender or Issuing Lender,
    or any of the Related Parties of any of the foregoing, and based on such documents and information (which may contain material, non-public information within the meaning of the United States securities laws concerning the Borrower and its Affiliates)
    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 for notices, reports and other documents expressly required to be furnished to the Lenders by the Administrative Agent hereunder, the Administrative Agent shall not have any duty or responsibility to provide any Lender with any credit or other
    information concerning the business, operations, property, condition (financial or otherwise), prospects or creditworthiness of any Loan Party or any affiliate of a Loan Party that may come into the possession of the Administrative Agent or any of its
    officers, directors, employees, agents, attorneys-in-fact or affiliates.

   

  (b)           Each Lender, by delivering its signature page to this Agreement on the
    Effective Date, or delivering its signature page to an Assignment and Assumption or any other Loan Document pursuant to which it shall become a Lender hereunder, shall be deemed to have acknowledged receipt of, and consented to and approved, each Loan
    Document and each other document required to be delivered to, or be approved by or satisfactory to, the Administrative Agent or the Lenders on the Effective Date.

   

  
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  (c)           (i) Each Lender and each Issuing Lender hereby agrees that (x) if the
    Administrative Agent notifies such Lender or Issuing Lender that the Administrative Agent has determined in its sole discretion that any funds received by such Lender from the Administrative Agent or any of its Affiliates (whether as a payment,
    prepayment or repayment of principal, interest, fees or otherwise; individually and collectively, a “Payment”) were erroneously transmitted to such Lender or Issuing Lender (whether or not known to such Lender or Issuing Lender), and demands the
    return of such Payment (or a portion thereof), such Lender or Issuing Lender, as the case may be, shall promptly, but in no event later than one Business Day thereafter, return to the Administrative Agent the amount of any such Payment (or portion
    thereof) as to which such a demand was made in same day funds, together with interest thereon in respect of each day from and including the date such Payment (or portion thereof) was received by such Lender of Issuing Lender to the date such amount is
    repaid 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 from time to time in effect, and (y) to the extent permitted by
    applicable law, such Lender or Issuing Lender shall not assert, and hereby waives, as to the Administrative Agent, 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 Payments received, including without limitation any defense based on “discharge for value” or any similar doctrine. A notice of the Administrative Agent to any Lender or Issuing Lender under this
    Section 9.6(c) shall be conclusive, absent manifest error.

   

  (ii)           Each Lender and each Issuing Lender hereby further agrees
    that if it receives a Payment 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 sent by the Administrative Agent (or any of its Affiliates)
    with respect to such Payment (a “Payment Notice”) or (y) that was not preceded or accompanied by a Payment Notice, it shall be on notice, in each such case, that an error has been made with respect to such Payment.  Each Lender and each Issuing
    Lender agrees that, in each such case, or if it otherwise becomes aware a Payment (or portion thereof) may have been sent in error, such Lender or Issuing Lender, as the case may be, shall promptly notify the Administrative Agent of such occurrence
    and, upon demand from the Administrative Agent, it shall promptly, but in no event later than one Business Day thereafter, return to the Administrative Agent the amount of any such Payment (or portion thereof) as to which such a demand was made in same
    day funds, together with interest thereon in respect of each day from and including the date such Payment (or portion thereof) was received by such Lender or Issuing Lender to the date such amount is repaid 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 from time to time in effect.

   

  (iii)           (x) In the event an erroneous Payment (or portion thereof)
    is not recovered from any Lender or Issuing Lender, as applicable, that has received such Payment (or portion thereof) for any reason (such unrecovered amount, an “Erroneous Payment Return Deficiency”), upon the Administrative Agent’s notice to
    such Lender or Issuing Lender at any time, (i) such Lender or Issuing Lender shall be deemed to have assigned its Loans (but not its Revolving Commitments or L/C Commitments) with respect to which such erroneous Payment was made (the “Erroneous
      Payment Impacted Loan”) 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 Revolving Commitments or L/C Commitments) of the
    Erroneous Payment Impacted Loans, 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 each Borrower is hereby
    (together with the Parent) deemed to execute and deliver an Assignment and Assumption with respect to such Erroneous Payment Deficiency Assignment, and such Lender or Issuing Lender shall deliver any Notes evidencing such Loans to the Parent 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
    or Issuing Lender, as applicable, hereunder with respect to such Erroneous Payment Deficiency Assignment and the assigning Lender or assigning Issuing Lender shall cease to be a Lender or Issuing Lender, as applicable, 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 Revolving Commitments and L/C Commitments which shall survive as to such assigning
    Lender or assigning Issuing Lender and (iv) the Administrative Agent may reflect in the Register its ownership interest in the Loans subject to the Erroneous Payment Deficiency Assignment; provided, that for the avoidance of doubt, no Erroneous
    Payment Deficiency Assignment will reduce the Revolving Commitments or L/C Commitments of any Lender or Issuing Lender and such Revolving Commitments and L/C Commitments shall remain available in accordance with the terms of this Agreement and (y) an
    erroneous Payment shall not pay, prepay, repay, discharge or otherwise satisfy any Obligations owed by such Borrower or any other Loan Party; provided, that for the avoidance of doubt, clauses (x) and (y) above shall not apply to the extent any
    such Payment is, and solely with respect to the amount of such Payment that is, comprised of funds received by the Administrative Agent from or on behalf of a Borrower or any other Loan Party for the purpose of making such Payment.

   

  
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  (iv)          Each party’s obligations under this Section 9.6(c) shall
    survive the resignation or replacement of the Administrative Agent or any transfer of rights or obligations by, or the replacement of, a Lender or Issuing Lender, the termination of the Commitments or the repayment, satisfaction or discharge of all
    Obligations under any Loan Document.

   

  9.7           Indemnification. The Lenders
    agree to severally indemnify each Agent in its capacity as such (to the extent not reimbursed by the Borrowers and without limiting the obligation of the Borrowers to do so), ratably according to their respective Aggregate Exposure Percentages in
    effect on the date on which indemnification is sought under this Section (or, if indemnification is sought after the date upon which the Commitments shall have terminated and the Loans shall have been paid in full, ratably in accordance with such
    Aggregate Exposure Percentages immediately prior to such date), from and against any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind whatsoever that may at any time
    (whether before or after the payment of the Loans) be imposed on, incurred by or asserted against such Agent in any way relating to or arising out of, the Commitments, this Agreement, any of the other Loan Documents or any documents contemplated by or
    referred to herein or therein or the transactions contemplated hereby or thereby or any action taken or omitted by such Agent under or in connection with any of the foregoing; provided that no Lender shall be liable for the payment of any
    portion of such liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements that are found by a final and nonappealable decision of a court of competent jurisdiction to have resulted from such
    Agent’s bad faith, gross negligence or willful misconduct. The agreements in this Section 9.7 shall survive the payment of the Loans and all other amounts payable hereunder.

   

  9.8           Agent in Its Individual Capacity.
    Each Agent and its affiliates may make loans to, accept deposits from and generally engage in any kind of business with any Loan Party as though such Agent was not an Agent. With respect to its Loans made or renewed by it and with respect to any Letter
    of Credit issued or participated in by it, each Agent shall have the same rights and powers under this Agreement and the other Loan Documents as any Lender and may exercise the same as though it were not an Agent, and the terms “Lender” and “Lenders”
    shall include each Agent in its individual capacity.

   

  
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  9.9           Successor Administrative Agent.
    The Administrative Agent may resign as Administrative Agent upon 20 days’ notice to the Lenders and the Borrowers. If the Administrative Agent shall resign as Administrative Agent under this Agreement and the other Loan Documents, then the Required
    Lenders shall appoint from among the Lenders a successor agent for the Lenders, which successor agent shall (unless an Event of Default under Section 8(a) or Section 8(f) with respect to any Borrower shall have occurred and be continuing) be subject to
    approval by the Borrowers (which approval shall not be unreasonably withheld or delayed), whereupon such successor agent shall succeed to the rights, powers and duties of the Administrative Agent, and the term “Administrative Agent” shall mean
    such successor agent effective upon such appointment and approval, and the former Administrative Agent’s rights, powers and duties as Administrative Agent shall be terminated, without any other or further act or deed on the part of such former
    Administrative Agent or any of the parties to this Agreement or any holders of the Loans. If no successor agent has accepted appointment as Administrative Agent by the date that is 20 days following a retiring Administrative Agent’s notice of
    resignation, the retiring Administrative Agent’s resignation shall nevertheless thereupon become effective and the Lenders shall assume and perform all of the duties of the Administrative Agent hereunder until such time, if any, as the Required Lenders
    appoint (with the consent of the Borrowers (to the extent required by the immediately preceding sentence)) a successor agent as provided for above. After any retiring Administrative Agent’s resignation as Administrative Agent, the provisions of this
    Section 9 shall inure to its benefit as to any actions taken or omitted to be taken by it while it was Administrative Agent under this Agreement and the other Loan Documents.

   

  9.10         Certain ERISA Matters. (a)
    Each Lender (x) represents and warrants, as of the date such Person became a Lender party hereto, to, and (y) covenants, from the date such Person became a Lender party hereto to the date such Person ceases being a Lender party hereto, for the benefit
    of, the Administrative Agent, and not, for the avoidance of doubt, to or for the benefit of the Borrower or any other Loan Party, that at least one of the following is and will be true:

   

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

   

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

   

  
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  (b)           In addition, unless sub-clause (i) in the immediately preceding clause (a) is true with respect to a Lender or such Lender has provided another
    representation, warranty and covenant in accordance with sub-clause (iv) in the immediately preceding clause (a), such Lender further (x) represents and warrants, as of the date such Person became a Lender party hereto, to, and (y) covenants, from the
    date such Person became a Lender party hereto to the date such Person ceases being a Lender party hereto, for the benefit of the Administrative Agent, and not, for the avoidance of doubt, to or for the benefit of the Borrower or any other Loan Party,
    that the Administrative Agent is not a fiduciary with respect to the assets of such Lender involved in such Lender’s entrance into, participation in, administration of and performance of the Loans, the 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).

   

  9.11         Agents. None of the Arrangers
    or Agents (other than the Administrative Agent) identified in this Agreement shall have any rights, powers, obligations, liabilities, responsibilities or duties under this Agreement or any other Loan Document, except in its capacity, as applicable, as
    a Lender, a Swingline Lender or an Issuing Lender hereunder. Without limiting any other provision of this Section 9, no such Arranger or Agent in its capacity as such shall have or be deemed to have any fiduciary relationship with any Lender (including
    any Swingline Lender or any Issuing Lender) or any other Person by reason of this Agreement or any other Loan Document.

   

  
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  9.12         Credit Bidding. The Credit
    Parties hereby irrevocably authorize the Administrative Agent, at the direction of the Required Lenders, to credit bid all or any portion of the Obligations (including by accepting some or all of the Collateral in satisfaction of some or all of the
    Obligations pursuant to a deed in lieu of foreclosure or otherwise) and in such manner purchase (either directly or through one or more acquisition vehicles) all or any portion of the Collateral (a) at any sale thereof conducted under the provisions of
    the Bankruptcy Code, including under Sections 363, 1123 or 1129 of the Bankruptcy Code, or any similar laws in any other jurisdictions to which a Loan Party is subject, or (b) at any other sale, foreclosure or acceptance of collateral in lieu of debt
    conducted by (or with the consent or at the direction of) the Administrative Agent (whether by judicial action or otherwise) in accordance with any applicable law. In connection with any such credit bid and purchase, the Obligations owed to the Credit
    Parties shall be entitled to be, and shall be, credit bid by the Administrative Agent at the direction of the Required Lenders on a ratable basis (with Obligations with respect to contingent or unliquidated claims receiving contingent interests in the
    acquired assets on a ratable basis that shall vest upon the liquidation of such claims in an amount proportional to the liquidated portion of the contingent claim amount used in allocating the contingent interests) for the asset or assets so purchased
    (or for the equity interests or debt instruments of the acquisition vehicle or vehicles that are issued in connection with such purchase). In connection with any such bid, (i) the Administrative Agent shall be authorized to form one or more acquisition
    vehicles and to assign any successful credit bid to such acquisition vehicle or vehicles, (ii) each of the Credit Parties’ ratable interests in the Obligations which were credit bid shall be deemed without any further action under this Agreement to be
    assigned to such vehicle or vehicles for the purpose of closing such sale, (iii) the Administrative Agent shall be authorized to adopt documents providing for the governance of the acquisition vehicle or vehicles (provided that any actions by
    the Administrative Agent with respect to such acquisition vehicle or vehicles, including any disposition of the assets or equity interests thereof, shall be governed, directly or indirectly, by, and the governing documents shall provide for, control by
    the vote of the Required Lenders or their permitted assignees under the terms of this Agreement or the governing documents of the applicable acquisition vehicle or vehicles, as the case may be, irrespective of the termination of this Agreement and
    without giving effect to the limitations on actions by the Required Lenders contained in Section 10.1), (iv) the Administrative Agent on behalf of such acquisition vehicle or vehicles shall be authorized to issue to each of the Credit Parties, ratably
    on account of the relevant Obligations which were credit bid, interests, whether as equity, partnership interests, limited partnership interests or membership interests, in any such acquisition vehicle and/or debt instruments issued by such acquisition
    vehicle, all without the need for any Credit Party or acquisition vehicle to take any further action, and (v) to the extent that Obligations that are assigned to an acquisition vehicle are not used to acquire Collateral for any reason (as a result of
    another bid being higher or better, because the amount of Obligations assigned to the acquisition vehicle exceeds the amount of Obligations credit bid by the acquisition vehicle or otherwise), such Obligations shall automatically be reassigned to the
    Credit Parties pro rata with their original interest in such Obligations and the equity interests and/or debt instruments issued by any acquisition vehicle on account of such Obligations shall automatically be cancelled, without the need for any Credit
    Party or any acquisition vehicle to take any further action. Notwithstanding that the ratable portion of the Obligations of each Credit Party are deemed assigned to the acquisition vehicle or vehicles as set forth in clause (ii) above, each Credit
    Party shall execute such documents and provide such information regarding the Credit Party (and/or any designee of the Credit Party which will receive interests in or debt instruments issued by such acquisition vehicle) as the Administrative Agent may
    reasonably request in connection with the formation of any acquisition vehicle, the formulation or submission of any credit bid or the consummation of the transactions contemplated by such credit bid.

   

  
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  Section 10.        MISCELLANEOUS

   

  10.1         Amendments and Waivers.

   

  (a)           Neither this Agreement, any other Loan Document, nor any terms hereof or
    thereof may be amended, supplemented or modified except in accordance with the provisions of this Section 10.1. The Required Lenders and each Loan Party that is a party to the relevant Loan Document may, or, with the written consent of the Required
    Lenders, the Administrative Agent and each Loan Party that is a party to the relevant Loan Document may, from time to time, (a) enter into written amendments, supplements or modifications hereto and to the other Loan Documents for the purpose of adding
    any provisions to this Agreement or the other Loan Documents or changing in any manner the rights of the Lenders or of the Loan Parties hereunder or thereunder or (b) waive, on such terms and conditions as the Required Lenders or the Administrative
    Agent, as the case may be, may specify in such instrument, any of the requirements of this Agreement or the other Loan Documents or any Default or Event of Default and its consequences; provided, however, that no such waiver and no such amendment,
    supplement or modification shall: (i) forgive the principal amount or extend the final scheduled date of maturity of any Loan or extend any L/C Participant’s interest in any Issuing Lender’s obligations and rights under any Letter of Credit beyond the
    Revolving Termination Date, extend the scheduled date of any amortization payment in respect of any Term Loan, reduce the stated rate of any interest or fee payable hereunder (except (x) in connection with the waiver of applicability of any
    post-default increase in interest rates, (y) that any amendment or modification in the financial definitions in this Agreement shall not constitute a reduction in the rate of interest or commitment fee for purposes of this clause (i) and (z) in each
    case of this clause (i), waivers of, or consents or departures from, mandatory prepayments, mandatory reductions of commitments, or of any Default or Event of Default), or extend the scheduled date of any payment hereunder, or increase the amount or
    extend the expiration date of any Lender’s Revolving Commitment with respect to any Lender or increase the amount of or extend the expiration or termination date of the Tranche A Term Commitment with respect to any Lender, in each case without the
    consent of each Lender directly affected thereby; (ii) reduce any percentage specified in the definition of Required Lenders or Required Revolving Lenders, or change any other provision of any Loan Document specifying the number or percentage of
    Lenders required to waive, amend or modify any term thereof, release all or substantially all of the Collateral (other than as otherwise permitted hereunder or in the other Loan Documents) under the Collateral Agreement or release all or substantially
    all of the value of the guarantees (other than as otherwise permitted hereunder or in the other Loan Documents) under the Guarantee Agreement, in each case without the consent of all Lenders or reduce the percentage specified in the definition of
    Majority Facility Lenders with respect to any Facility without the consent of all Lenders under such Facility; (iii) amend or modify any provision of Section 5.03 of the Collateral Agreement without the consent of each Lender directly and adversely
    affected thereby; (iv) amend, modify or waive any provision of Section 2.19 in a manner that would alter the pro rata sharing of payments or Section 10.7(a) without the consent of each Lender directly and adversely affected thereby, or amend, modify or
    waive any other provision of Section 2.19 without the consent of the Majority Facility Lenders in respect of each Facility adversely affected thereby; (v) subordinate (x) the Liens securing any of the Obligations on all or substantially all of the
    Collateral (“Existing Liens”) to the Liens securing any other Indebtedness or other obligations or (y) any Obligations in contractual right of payment to any other Indebtedness or other obligations (any such other Indebtedness or other
    obligations, to which such Liens securing any of the Obligations or such Obligations, as applicable, are subordinated, “Senior Indebtedness”) without the prior written consent of each Lender adversely affected thereby (which, notwithstanding the
    foregoing, such consent of such Lender directly adversely affected thereby shall be the only consent required hereunder to make such modification), in either the case of subclause (x) or (y), unless (i) in connection with (w) a debtor-in-possession
    facility, (x) any purchase money Indebtedness, (y) a bona fide “asset-based” revolving credit facility or (z) any other Indebtedness permitted by the terms of the Loan Documents to be secured on a senior basis to the Facilities or (ii) each adversely
    affected Lender has been offered a bona fide opportunity to fund or otherwise provide its pro rata share (based on the amount of Obligations that are adversely affected thereby held by each Lender) of the Senior Indebtedness on the same terms (other
    than arrangement, structuring, or similar fees that are not paid ratably to the Lenders providing such Senior Indebtedness, bona fide backstop fees and reimbursement of counsel fees and other expenses in connection with the negotiation of the terms of
    such transaction; such fees and expenses, “Ancillary Fees”) as offered to all other providers (or their Affiliates) of the Senior Indebtedness and to the extent such adversely affected Lender decides to participate in the Senior Indebtedness,
    receive its pro rata share of the fees and any other similar benefit (other than Ancillary Fees) of the Senior Indebtedness afforded to the providers of the Senior Indebtedness (or any of their Affiliates) in connection with providing the Senior
    Indebtedness pursuant to a written offer made to each such adversely affected Lender describing the material terms of the arrangements pursuant to which the Senior Indebtedness is to be provided, which offer shall remain open to each adversely affected
    Lender for a period of not less than five Business Days; (vi) [reserved]; (vii) amend, modify or waive any provision of Section 9 without the consent of the Administrative Agent; (viii) amend, modify or waive any provision of Section 2.8 or 2.9 without
    the consent of the Swingline Lender; (ix) amend, modify or waive any provision of Section 3 without the consent of each Issuing Lender; (x) add any currencies as Foreign Currencies under this Agreement in which a Lender is required to make Loans, in
    each case without the written consent of each Lender directly and adversely affected thereby; (xi) consent to the assignment or transfer by any Borrower of any of its rights and obligations under this Agreement and the other Loan Documents without the
    consent of each Lender directly affected thereby (other than as permitted by Section 10.6(a)); (xii) eliminate or reduce any voting rights under this Section 10.1 without the consent of each Lender directly affected thereby; provided that,
    notwithstanding the foregoing, any waiver or amendment of any condition precedent set forth in Section 5.3 as it pertains to any loans under the Revolving Facility shall require the written consent of only the Parent and the Required Revolving Lenders
    (and not the Required Lenders). Any such waiver and any such amendment, supplement or modification shall apply equally to each of the Lenders and shall be binding upon the Loan Parties, the Lenders, the Administrative Agent and all future holders of
    the Loans. In the case of any waiver, the Loan Parties, the Lenders and the Administrative Agent shall be restored to their former position and rights hereunder and under the other Loan Documents, and any Default waived shall be deemed to be cured and
    not continuing; but no such waiver shall extend to any subsequent or other Default, or impair any right consequent thereon. Any Defaulting Lender’s right to approve or disapprove any amendment, waiver or consent with respect to this Agreement and the
    other Loan Documents shall be restricted as set forth in Section 2.28(d).

   

  
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  (b)           Notwithstanding any of the foregoing:

   

  (i)            the Parent and the Administrative Agent may enter into any
    Incremental Facility Amendment in accordance with Section 2.27, any Extension Amendment in accordance with Section 2.26 and any Refinancing Amendment in accordance with Section 2.30 and such Extension Amendments, Incremental Facility Amendments and
    Refinancing Amendments shall be effective to amend the terms of this Agreement and the other applicable Loan Documents, in each case, without any further action or consent of any other party to any Loan Document;

   

  (ii)           this Agreement and the other Loan Documents may be amended
    with the written consent of only the Administrative Agent and the Parent to the extent necessary in order to evidence and implement the designation of Neogen as a Borrower pursuant to Section 2.29;

   

  (iii)           the Parent and the Administrative Agent may, without the
    input or consent of any Lender, amend, supplement or waive any guaranty, collateral agreement or security agreement, pledge agreement or related document (if any) executed in connection with this Agreement to (A) comply with any Requirement of Law or
    the advice of counsel or (B) cause any such guaranty, collateral agreement or security agreement, pledge agreement or other document to be consistent with this Agreement or the relevant other Loan Documents;

   

  (iv)          the Administrative Agent and the Parent may amend, restate,
    amend and restate or otherwise modify any intercreditor agreement or subordination agreement to give effect thereto or to carry out the purposes thereof so long as such amendment, supplement, waiver or modification is not materially adverse to the
    Lenders; and

   

  (v)           this Agreement may be amended (or amended and restated) with
    the written consent of the Required Lenders, the Administrative Agent and the Parent (A) to add one or more additional or replacement credit facilities to this Agreement and to permit any extension of credit from time to time outstanding thereunder and
    the accrued interest and fees 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 (or any other Class of Lenders) on substantially the same basis as the Lenders prior to such inclusion.

   

  (c)           Notwithstanding the foregoing, the Administrative Agent, with the
    consent of the Borrowers, may amend, modify or supplement any Loan Document without the consent of the Required Lenders or any other Lender in order to correct, amend or cure any ambiguity, inconsistency or defect or correct any typographical error or
    other manifest error in any Loan Document and such amendment shall become effective without any further action or consent of any other party to any Loan Document if the same is not objected to in writing by the Required Lenders within five Business
    Days following receipt of notice thereof.

   

  10.2         Notices. All notices, requests
    and demands to or upon the respective parties hereto to be effective shall be in writing (including by telecopy), and, unless otherwise expressly provided herein, shall be deemed to have been duly given or made when delivered, or three Business Days
    after being deposited in the mail, postage prepaid, or, in the case of telecopy notice, when received, addressed as follows in the case of the Parent, the other Borrowers and the Administrative Agent, and as set forth in an Administrative Questionnaire
    delivered to the Administrative Agent in the case of the Lenders, or to such other address as may be hereafter notified by the respective parties hereto:

   

  	The Parent or any other Borrower:	
          Garden SpinCo Corporation

          

          c/o Neogen Corporation

            620 Lesher Place, Lansing, MI 48912,

          

          Attn: Amy Rocklin, Vice President and General Counsel

          

          Email: ARocklin@neogen.com 

        

   

  
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  	The Administrative Agent, the Collateral Agent or Swingline Lender:	
          JPMorgan Chase Bank, N.A.

          

          Middle Market Servicing

          

          10 South Dearborn, Floor L2

          

          Suite IL1-0480

          

          Chicago, IL, 60603-2300

          

          Attention: Commercial Banking Group

          

          Fax No: (844) 490-5663

          

          Email: jpm.agency.cri@jpmorgan.com

                     jpm.agency.servicing.1@jpmorgan.com

           

          With a copy to:

           

          Attention: Margaret Seweryn

          

          Email: margaret.seweryn@chase.com

          

          10 S. Dearborn St. Floor L2S Chicago, IL 60603

           

          Agency Withholding Tax Inquiries:

          

          Email: agency.tax.reporting@jpmorgan.com

           

          Agency Compliance/Financials/Intralinks:

          

          Email: covenant.compliance@jpmchase.com 

        
	 	 
	
          JPMorgan Chase Bank, N.A. as an Issuing Lender:

           

        	
          JPMorgan Chase Bank, N.A.

          

          10 South Dearborn, Floor L2

          

          Suite IL1-0480

          

          Chicago, IL, 60603-2300

          

          Attention: LC Agency Team

          

          Tel: 800-364-1969

          

          Fax: 856-294-5267

          

          Email:

          chicago.lc.agency.activity.team@jpmchase.com

           

          With a copy to:

           

          JPMorgan Chase Bank, N.A.

          

          10 South Dearborn, Floor L2

          

          Suite IL1-0480

          

          Chicago, IL, 60603-2300

          

          Attention: Loan & Agency Services Group

          

          Email: mararet.seweryn@chase.com 

        
	 	 

  provided that any notice, request or demand to or upon the Administrative Agent or the Lenders shall not be effective until received.

   

  
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  10.3         No Waiver; Cumulative Remedies.
    No failure to exercise and no delay in exercising, on the part of the Administrative Agent or any Lender, any right, remedy, power or privilege hereunder or under the other Loan Documents shall operate as a waiver thereof; nor shall any single or
    partial exercise of any right, remedy, power or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, remedy, power or privilege. The rights, remedies, powers and privileges herein provided are
    cumulative and not exclusive of any rights, remedies, powers and privileges provided by law.

   

  10.4         Survival of Representations and
      Warranties. All representations and warranties made hereunder, in the other Loan Documents and in any document, certificate or statement delivered pursuant hereto or in connection herewith shall survive the execution and delivery of this
    Agreement and the making of the Loans and other extensions of credit hereunder until the respective maturity dates of the Facilities.

   

  10.5         Expenses; Limitation of Liability;
      Indemnity, Etc..

   

  (a)           Expenses. Each Borrower agrees (a) within 30 days following
    presentation of a summary statement, to reimburse the Administrative Agent for its reasonable and invoiced out-of-pocket expenses that have been incurred in connection with the development, preparation, execution, delivery and administration of, and
    any amendment, supplement, waiver or modification to, this Agreement and the other Loan Documents and the consummation of the Transactions contemplated hereby and thereby (including the fees, charges and disbursements of one firm of counsel to the
    Administrative Agent and Lenders, as a whole, and of a single local counsel in each appropriate jurisdiction (which may include, a single special counsel acting in multiple jurisdictions) for the Administrative Agent and Lenders, as a whole, (and, in
    the case of an actual or perceived conflict of interest, of another firm of counsel (and, if applicable, another local counsel in each appropriate jurisdiction) for all similarly affected persons)) or the Issuing Lender in connection with the issuance,
    amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder, and (b) within 30 days following presentation of a summary statement, to pay or reimburse each Lender (including each Swingline Lender), each Issuing Lender
    and the Administrative Agent for all its reasonable and invoiced out-of-pocket costs and expenses incurred in connection with the enforcement or preservation of any rights under this Agreement, the other Loan Documents and any such other documents, or
    Letters of Credit issued hereunder, including all such reasonable out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect of such Loans or Letters of Credit (including the fees, charges and disbursements of one firm
    of counsel to the Administrative Agent and Lenders, as a whole, and of a single local counsel in each appropriate jurisdiction (which may include, a single special counsel acting in multiple jurisdictions) for the Administrative Agent and Lenders, as a
    whole, (and, in the case of an actual or perceived conflict of interest, of another firm of counsel (and, if applicable, another local counsel in each appropriate jurisdiction) for all similarly affected persons)),

   

  (b)           Indemnity. Each Borrower agrees to indemnify and hold harmless
    each Lender (including each Swingline Lender), each Issuing Lender, each Agent and the Administrative Agent and their respective Affiliates and their respective directors, officers, employees, advisors, agents and other representatives (each, an “Indemnitee”)

    from and against any and all losses, claims, damages and liabilities to which any such Indemnitee may become subject arising out of or in connection with this Agreement, any Loan Documents, the Transactions or any actual or prospective claim,
    litigation, investigation, arbitration or proceeding relating to any of the foregoing (including in relation to enforcing the terms of this paragraph) (each, a “Proceeding”), regardless of whether any Indemnitee is a party thereto, whether or
    not such Proceedings are brought by the Parent, its equity holders, Affiliates, creditors or any other person, and to reimburse each Indemnitee from time to time, within 30 days following the presentation of a summary statement, for any reasonable and
    invoiced out-of-pocket legal expenses of one firm of counsel for all such Indemnitees, taken as a whole, and of a single local counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for
    all such Indemnitees, taken as a whole (and, in the case of an actual or perceived conflict of interest, of another firm of counsel (and, if applicable, another firm of local counsel in each appropriate jurisdiction) for all similarly affected
    Indemnitee), in connection with any of the foregoing, provided that the foregoing indemnity will not, as to any Indemnitee, apply to losses, claims, damages, liabilities or related expenses to the extent they (i) are found by a final,
    non-appealable judgement of a court of competent jurisdiction to arise from the willful misconduct, bad faith or gross negligence of such Indemnitee or its Affiliates, directors, officers, employees, advisors, agents or other representatives
    (collectively, the “Related Parties”), (ii) are found by a final, non-appealable judgement of a court of competent jurisdiction to result from a material breach of the obligations of such Indemnitee or any such Indemnitee’s Related Parties under
    this Agreement or (iii) result from any Proceeding that does not involve an act or omission by the Parent or its Affiliates and that is brought by an Indemnitee or Related Party against any other Indemnitee or Related Party (other than any claims
    against any Indemnitee in its capacity or in fulfilling its role as an agent or arranger or any similar role in connection with this Agreement).

   

  
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  (c)           Limitation of Liability. None of the Lenders (including each
    Swingline Lender), any Issuing Lender, any Agent and the Administrative Agent and their respective Affiliates and their respective directors, officers, employees, advisors, agents and other representatives (each such Person, A “Lender-Related Person”)

    shall be liable for any damages arising from the use by others of information or other materials obtained through electronic, telecommunications or other information transmission systems, except to the extent any such damages are found by a final and
    nonappealable decision of a court of competent jurisdiction to have resulted from the gross negligence, bad faith or willful misconduct of such Lender-Related Person. To the fullest extent permitted by applicable law, each party hereto agrees that it
    shall not assert, and hereby waives, any claim against any other party hereto, the Parent or any of its Subsidiaries or any Lender-Related Person or any of their respective Affiliates or the respective directors, officers, employees, advisors, and
    agents of the foregoing, 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 the obligations of the Borrower under
    this Section 10.5 in respect of any such damages claimed against the indemnitees by Persons other than Indemnitees. The agreements in this Section 10.5 shall survive repayment of the Loans and all other amounts payable hereunder and termination of this
    Agreement.

   

  (d)           This Section 10.5 shall not apply with respect to Taxes other than any
    Taxes that represent losses, claims or damages arising from any non-Tax claim.

   

  10.6         Successors and Assigns;
      Participations and Assignments.

   

  (a)           This Agreement shall be binding upon and inure to the benefit of the
    Borrowers, the Lenders, the Administrative Agent, all future holders of the Loans and their respective successors and assigns, except that no Borrower may assign or transfer any of its rights or obligations under this Agreement without the prior
    written consent of each Lender (except in a transaction permitted by Section 7.4).

   

  
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  (b)           Any Lender may, without the consent of any Borrower or the
    Administrative Agent, in accordance with applicable law, at any time sell to one or more banks, financial institutions or other entities other than an Ineligible Institution (each, a “Participant”) participating interests in any Loan owing to
    such Lender, any Commitment of such Lender or any other interest of such Lender hereunder and under the other Loan Documents. In the event of any such sale by a Lender of a participating interest to a Participant, such Lender’s obligations under this
    Agreement to the other parties to this Agreement shall remain unchanged, such Lender shall remain solely responsible for the performance thereof, such Lender shall remain the holder of any such Loan for all purposes under this Agreement and the other
    Loan Documents, the Participant will have no proprietary interest in the benefit of this Agreement or in any monies received by the Lender under or in relation to this Agreement (including in the bankruptcy or similar event of the Lender) and the
    Borrowers, the Issuing Lenders, the other Lenders and the Administrative Agent shall continue to deal solely and directly with such Lender in connection with such Lender’s rights and obligations under this Agreement and the other Loan Documents. In no
    event shall any Participant under any such participation have any right to approve any amendment or waiver of any provision of any Loan Document, or any consent to any departure by any Loan Party therefrom, except to the extent that such amendment,
    waiver or consent would require the consent of the applicable participating Lender and would reduce the principal of or interest on, the Loans or any fees payable hereunder, postpone the date of any scheduled amortization payment or the final maturity
    of the Loans, in each case to the extent subject to such participation. Any agreement or instrument pursuant to which a Lender sells such a participation shall provide that such Lender shall retain the sole right to enforce this Agreement and the other
    Loan Documents and, other than as set forth in the preceding sentence, to approve any amendment, modification or waiver of any provision of this Agreement or any other Loan Document. Each Borrower also agrees that each Participant shall be entitled to
    the benefits of Sections 2.20, 2.21 and 2.22 (subject to the requirements and limitations set forth therein) with respect to its participation in the Commitments and the Loans outstanding from time to time as if it was a Lender; provided that
    such Participant (i) agrees to be subject to the provisions of Sections 2.23 and 2.24 and 9.6(d) as if it were an assignee under paragraph (c) of this Section and (ii) shall not be entitled to receive any greater amount pursuant to Sections 2.20, 2.21
    or 2.22 than the transferor Lender would have been entitled to receive in respect of the amount of the participation transferred by such transferor Lender to such Participant had no such transfer occurred. Each Lender that sells a participation, acting
    solely for this purpose as a non-fiduciary agent of the Borrowers, shall maintain a register on which it enters the name and address of each Participant and the principal amounts (and stated interest) of each Participant’s interest in the Loans or
    other obligations under this Agreement (the “Participant Register”); provided that no Lender shall have any obligation to disclose all or any portion of the Participant Register to any Person (including the identity of any Participant or
    any information relating to a Participant’s interest in any Commitments, Loans, Letters of Credit or its other obligations under any Loan Document) except to the extent that such disclosure is necessary to establish that such Commitment, Loan, Letter
    of Credit or other obligation is in registered form under Section 5f.103-1(c) of the United States Treasury Regulations and Section 1.163-5(b) of the Proposed United States Treasury Regulations (or, in each case, any amended or successor version). The
    entries in the Participant Register shall be conclusive absent manifest error, and such Lender, each Loan Party and the Administrative Agent shall treat each person whose name is recorded in the Participant Register pursuant to the terms hereof as the
    owner of such participation for all purposes of this Agreement, notwithstanding notice to the contrary.

   

  As used herein, “Ineligible Institution” means (a) a natural person, (b) a Disqualified Lender, (c) a holding company, investment vehicle or trust for, or owned
    and operated for the primary benefit of, a natural person or relative(s) thereof, (d) a Defaulting Lender or (e) any of the Parent and its Subsidiaries and Affiliates.

   

  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 hereof relating to Disqualified Lenders. 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 Lender or (y) have any liability with respect to or arising out of any assignment or participation of Loans, or disclosure of confidential information, to any Disqualified Lender.

   

  
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  (c)           Any Lender (an “Assignor”) may, in accordance with applicable
    law, at any time and from time to time assign (subject to clause (iii) of the proviso below) to any other Lender, any Affiliate of any Lender or any Lender Affiliate (other than any Ineligible Institution) or, with the consent of the Borrowers and the
    Administrative Agent (which, in each case, shall not be unreasonably withheld or delayed), to an additional bank, financial institution or other entity other than an Ineligible Institution (an “Assignee”) all or any part of its rights and
    obligations under this Agreement pursuant to an Assignment and Assumption, executed by such Assignee, such Assignor and any other Person whose consent is required pursuant to this paragraph, and delivered to the Administrative Agent for its acceptance
    and recording in the Register; provided that (i) no such assignment to an Assignee (other than any Lender, any Affiliate of any Lender or any Lender Affiliate), unless otherwise agreed to by the Parent and Administrative Agent, shall be in an
    aggregate principal amount of less than $5,000,000 in the case of Revolving Commitments or $1,000,000 in the case of Term Loans (provided that assignments made by any Lender on the same day to an Assignee and its Affiliates (including any Lender
    Affiliates) and contemporaneous assignments by Lender Affiliates to a single Assignee may be treated as a single assignment for purposes of satisfying any such minimum assignment amount requirement (other than in the case of an assignment of all of a
    Lender’s interests under the applicable Facility)), (ii) after giving effect to any such assignment, such Lender and its Affiliates (including any Lender Affiliates) shall retain Commitments and Term Loans in an aggregate principal amount of at least
    $5,000,000 in the case of Revolving Commitments and $1,000,000 in the case of Term Loans (other than in the case of an assignment of all of a Lender’s interests under the applicable Facility), in each case unless otherwise agreed by the applicable
    Borrower(s) and the Administrative Agent, (iii) no Lender may assign any interest in the Revolving Facility (other than, with the consent of the Administrative Agent, not to be unreasonably withheld or delayed, to an Affiliate of such Lender or, to
    another Lender then holding Revolving Commitments) without the consent of the Administrative Agent, the Borrowers, each Issuing Lender and the Swingline Lender (not to be unreasonably withheld or delayed), (iv) [reserved], and (v) each Borrower shall
    be deemed to have consented to an assignment if it has not objected thereto by written notice to the Administrative Agent within ten Business Days of its receipt of notice thereof. For purposes of the proviso contained in the preceding sentence, the
    amount described therein shall be aggregated in respect of each Lender and its related Lender Affiliates, if any (other than in the case of an assignment of all of a Lender’s interests under this Agreement). Any such assignment need not be ratable as
    among the Facilities. Upon such execution, delivery, acceptance and recording, from and after the effective date determined pursuant to such Assignment and Assumption, (x) the Assignee thereunder shall be deemed a party hereto and, to the extent
    provided in such Assignment and Assumption, have the rights and obligations of a Lender hereunder with a Commitment and/or Loans as set forth therein, and (y) the Assignor thereunder shall, to the extent provided in such Assignment and Assumption, be
    released from its obligations under this Agreement (and, in the case of an Assignment and Assumption covering all of an Assignor’s rights and obligations under this Agreement, such Assignor shall cease to be a party hereto). Notwithstanding any
    provision of this Section 10.6, the consent of the Borrowers shall not be required for any assignment that occurs when an Event of Default pursuant to Sections 8(a) or 8(f) shall have occurred and be continuing with respect to any Borrower.

   

  Notwithstanding the foregoing, the Borrowers may, in their sole discretion, withhold consent to any assignment to any Person that is not expressly a Disqualified
    Lender but is known by such Borrower to be an Affiliate of a Disqualified Lender without regard as to whether such Person is identifiable as an Affiliate of a Disqualified Lender on the basis of such Affiliate’s name.

   

  (d)           The Administrative Agent shall, on behalf of the Borrowers, maintain at
    its address referred to in Section 10.2, a copy of each Assignment and Assumption delivered to it and a register (the “Register”) for the recordation of the names and addresses of the Lenders and the Commitment of, and the principal amount (and
    stated interest) of the Loans owing to, each Lender from time to time. The entries in the Register shall be conclusive absent manifest error, and each Borrower, each other Loan Party, the Administrative Agent and the Lenders shall treat each Person
    whose name is recorded in the Register as the owner of the Loans and any Notes evidencing the Loans recorded therein for all purposes of this Agreement. Any assignment of any Loan, whether or not evidenced by a Note, shall be effective only upon
    appropriate entries with respect thereto being made in the Register (and each Note shall expressly so provide). Any assignment or transfer of all or part of a Loan evidenced by a Note shall be registered on the Register only upon surrender for
    registration of assignment or transfer of the Note evidencing such Loan, accompanied by a duly executed Assignment and Assumption, and thereupon one or more new Notes shall be issued to the designated Assignee. The Register shall be available for
    inspection by any Borrower and any Lender at any reasonable time and from time to time upon reasonable prior notice.

   

  
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  (e)           Upon its receipt of an Assignment and Assumption executed by an
    Assignor, an Assignee and any other Person whose consent is required by Section 10.6(c), together with payment to the Administrative Agent of a registration and processing fee of $3,500 (which shall not be an obligation of the Borrowers), the
    Administrative Agent shall (i) promptly accept such Assignment and Assumption and (ii) record the information contained therein in the Register on the effective date determined pursuant thereto.

   

  (f)            The Assignee, if it shall not be a Lender, shall deliver to the
    Administrative Agent an Administrative Questionnaire in which the Assignee designates one or more credit contacts to whom all syndicate-level information (which may contain material non-public information about the Parent and its Affiliates and their
    related parties or their respective securities) will be made available and who may receive such information in accordance with the assignee’s compliance procedures and applicable laws, including Federal and state securities laws.

   

  (g)           For avoidance of doubt, the parties to this Agreement acknowledge that
    the provisions of this Section 10.6 concerning assignments of Loans and Notes relate only to absolute assignments and that such provisions do not prohibit assignments creating security interests, including any pledge or assignment by a Lender of any
    Loan or Note to any Federal Reserve Bank or other central banking authority having jurisdiction over such Lender in accordance with applicable law.

   

  (h)           Each applicable Borrower, upon receipt of written notice from the
    relevant Lender, agrees to issue Notes to any Lender requiring Notes to facilitate transactions of the type described in paragraph (g) above.

   

  (i)            Any assignment or transfer (other than a participation in accordance
    with Section 10.6(b)) by a Lender of rights or obligations under this Agreement that does not comply with this Section 10.6, whether or not such assignment or transfer is reflected in the Register, 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 10.6(b), unless such participation would not be permitted in accordance with the terms of Section 10.6(b), in which case such assignment or transfer shall
    be null and void.

   

  
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  (j)            The Parent shall have the right (i) at the sole expense of any Lender
    that is a Disqualified Lender and/or the Person that assigned its Commitments and/or Loans to such Disqualified Lender, to seek to replace or terminate such Disqualified Lender or other Lender as a Lender by causing such Lender to (and such Lender
    shall be obligated to) assign (without recourse) any or all of its Commitments and/or Loans and its rights and obligations under this Agreement to one or more assignees (which may, at the Parent’s sole option, be or include the Parent or any
    Subsidiary); provided that (1) the Administrative Agent shall not have any obligation to the Parent to find such a replacement Lender, (2) the Parent shall not have any obligation to such Disqualified Lender or other Lender or any other Person
    to find such a replacement Lender or accept or consent to any such assignment to itself or any other Person and (3) the assignee (or, at its option, the Parent) shall pay to such Disqualified Lender or other Lender concurrently with such assignment an
    amount (which payment shall be deemed payment in full) equal to the lesser of (x) the face principal amount of the Commitments and/or Loans so assigned and (y) the amount that such Disqualified Lender or other Lender paid to acquire such Commitments
    and/or Loans, in each case without interest thereon (it being understood that if the effective date of such assignment is not an Interest Payment Date, such assignee shall be entitled to receive on the next succeeding Interest Payment Date interest on
    the principal amount of the Loans so assigned that has accrued and is unpaid from the Interest Payment Date last preceding such effective date (except as may be otherwise agreed between such assignee and the Parent)), or (ii) to prepay any Loans held
    by such Disqualified Lender or other Lender, in whole or in part, by paying an amount (which payment shall be deemed payment in full) equal to the lesser of (x) the face principal amount of the Commitments and/or Loans so prepaid and (y) the amount
    that such Disqualified Lender or other Lender paid to acquire such Loans, (in each case without interest thereon), and if applicable, terminate the Commitments of such Disqualified Lender, in whole or in part.  In connection with any such replacement,
    (1) if the Disqualified Lender does not execute and deliver to the Administrative Agent a duly completed Assignment and Assumption and/or any other documentation necessary or appropriate (in the good faith determination of the Administrative Agent or
    the Parent, which determination shall be conclusive) to reflect such replacement by the later of (a) the date on which the replacement Lender executes and delivers such Assignment and Assumption and/or such other documentation and (b) the date as of
    which the Disqualified Lender shall be paid by the assignee Lender (or, at its option, the Parent) the amount required pursuant to this Section 10.6(j), then such Disqualified Lender or other Lender shall be deemed to have executed and delivered such
    Assignment and Assumption and/or such other documentation as of such date and the Parent shall be entitled (but not obligated) to execute and deliver such Assignment and Assumption and/or such other documentation on behalf of such Disqualified Lender
    or other Lender, and the Administrative Agent shall record such assignment in the Register, (2) each Lender (whether or not then a party hereto) agrees to disclose to the Parent the amount that the applicable Disqualified Lender paid to acquire
    Commitments and/or Loans from such Lender and (3) each Lender that is a Disqualified Lender or other Lender agrees to disclose to the Parent the amount it paid to acquire the Commitments and/or Loans held by it. The list of Disqualified Lenders shall
    be held by the Administrative Agent but shall not be posted or distributed to the Lenders, prospective Lenders and prospective Assignees and Participants; provided that such list shall be provided to Lenders, prospective Lenders, prospective
    Assignees and prospective Participants upon request.

   

  (k)           Notwithstanding anything to the contrary contained herein, any Lender
    may, at any time, after the funding of the Tranche A Term Loans on the Closing Date, assign all or a portion of its rights and obligations under this Agreement in respect of its Term Loans to the Parent, or any Subsidiary (each, an “Affiliated
      Lender”) through (x) Dutch auctions or other offers to purchase open to all Lenders on a pro rata basis in accordance with procedures to be established by the “auction agent” consistent with this Section 10.6(k) or (y) open market purchases on a
    non-pro rata basis (which purchases may be effected at any price as agreed between such Lender and such Affiliated Lender in their respective sole discretion); provided that:

   

  (i)            any Term Loans acquired by any Affiliated Lender shall, to
    the extent permitted by applicable Requirements of Law, be retired and cancelled immediately upon the acquisition thereof; provided that upon any such retirement and cancellation, the aggregate outstanding principal amount of the Term Loans
    shall be deemed reduced by the full par value of the aggregate principal amount of the Term Loans so retired and cancelled; provided that to the extent any Term Loans acquired by any Affiliated Lender are not permitted to be retired and
    cancelled under applicable Requirements of Law, such Affiliated Lender shall be deemed to have acknowledged and agreed that such Term Loans held by such Affiliated Lender shall be disregarded in both the numerator and denominator in the calculation of
    any Required Lender or other Lender vote and such Affiliated Lender, solely in its capacity as an Affiliated Lender, will not be entitled to (x) attend (including by telephone) or participate in any meeting or discussion (or portion thereof) solely
    among the Administrative Agent or any Lender or among Lenders to which the Loan Parties or their representatives are not invited or (y) receive any information or material prepared by the Administrative Agent or any Lender or any communication by or
    among the Administrative Agent and one or more Lenders;

   

  
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  (ii)           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, and purchases of Term Loans pursuant to this Section 10.6(k) may not be funded with the proceeds of Revolving Loans; and

   

  (iii)          no Affiliated Lender shall be required to represent or
    warrant that it is not in possession of material non-public information with respect to the Borrower and/or any subsidiary thereof and/or their respective securities in connection with any assignment permitted by this Section 10.6(k).

   

  10.7         Adjustments; Set-off.

   

  (a)           Except to the extent that (i) this Agreement expressly provides for
    payments to be allocated to a particular Lender or to the Lenders under a particular Facility (including any payment obtained by a Lender as consideration for any permitted assignment of or permitted sale of a participation in any of its Loans or
    Commitments hereunder) or (ii) a payment is made in respect of obligations under Lender Hedge Agreements or Cash Management Obligations, if any Lender (a “Benefitted Lender”) shall receive any payment of all or part of the Obligations owing to
    it, or receive any collateral in respect thereof (whether voluntarily or involuntarily, by set-off, pursuant to events or proceedings of the nature referred to in Section 8(f), or otherwise), in a greater proportion than any such payment to or
    collateral received by any other Lender, if any, in respect of the Obligations owing to such other Lender, such Benefitted Lender shall purchase for cash from the other Lenders a participating interest in such portion of the Obligations owing to each
    such other Lender, or shall provide such other Lenders with the benefits of any such collateral, as shall be necessary to cause such Benefitted Lender to share the excess payment or benefits of such collateral ratably with each of the Lenders;
    provided, however, that if all or any portion of such excess payment or benefits is thereafter recovered from such Benefitted Lender, such purchase shall be rescinded, and the purchase price and benefits returned, to the extent of such recovery, but
    without interest; provided further, that to the extent prohibited by applicable law as described in the definition of “Excluded Swap Obligation,” no amounts received from, or set off with respect to, any Guarantor shall be applied to any
    Excluded Swap Obligations of such Guarantor.

   

  (b)           In addition to any rights and remedies of the Lenders and the Issuing
    Lenders provided by law, each Lender and each Issuing Lender shall have the right, without prior notice to any Borrower, any such notice being expressly waived by each Borrower to the extent permitted by applicable law, upon the occurrence and during
    the continuance of an Event of Default, to set off and appropriate and apply against such amount any and all deposits (general or special, time or demand, provisional or final), in any currency, and any other credits, indebtedness or claims, in any
    currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by such Lender, such Issuing Lender or, in each case, any Affiliate, branch or agency thereof to or for the credit or the account
    of such Borrower, as the case may be. Each Lender and each Issuing Lender agrees promptly to notify each applicable Borrower and the Administrative Agent after any such setoff and application made by such Lender or such Issuing Lender, provided
    that the failure to give such notice shall not affect the validity of such setoff and application.

   

  
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  10.8         Counterparts; Effectiveness;
      Electronic Execution. This Agreement may be executed by one or more of the parties to this Agreement on any number of separate counterparts, and all of said counterparts taken together shall be deemed to constitute one and the same instrument.
    Delivery of an executed counterpart of a signature page of (x) this Agreement, (y) any other Loan Document and/or (z) any document, amendment, approval, consent, information, notice (including, for the avoidance of doubt, any notice delivered pursuant
    to ‎Section 10.2), 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 telecopy, emailed pdf. or any other electronic means 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 telecopy, emailed pdf. or any other electronic means 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, without limiting the foregoing, (i) to the extent the
    Administrative Agent has agreed to accept any Electronic Signature, the Administrative Agent and each of the Lenders shall be entitled to rely on such Electronic Signature purportedly given by or on behalf of the Borrower or any other Loan Party
    without further verification thereof and without any obligation to review the appearance or form of any such Electronic Signature and (ii) upon the request of the Administrative Agent or any Lender, any Electronic Signature shall be promptly followed
    by a manually executed counterpart. Without limiting the generality of the foregoing, the Borrower and each Loan Party hereby (A) 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 Borrower and the Loan Parties, Electronic Signatures transmitted by telecopy, emailed pdf. or any other electronic means 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 and (B) the Administrative Agent
    and each of the Lenders 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).

   

  10.9         Severability. Any provision of
    this Agreement that is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition
    or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.

   

  10.10       Integration. This Agreement
    and the other Loan Documents represent the agreement of the Borrowers, the other Loan Parties, the Administrative Agent and the Lenders with respect to the subject matter hereof, and there are no promises, undertakings, representations or warranties by
    the Administrative Agent or any Lender relative to subject matter hereof not expressly set forth or referred to herein or in the other Loan Documents.

   

  
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  10.11       GOVERNING LAW. THIS AGREEMENT
    AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES UNDER THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS AND ANY CLAIM, CONTROVERSY OR DISPUTE ARISING UNDER OR RELATED TO THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS WHETHER IN TORT, CONTRACT (AT LAW OR IN
    EQUITY) OR OTHERWISE, SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK; PROVIDED, THAT (I) THE INTERPRETATION OF THE DEFINITION OF SPINCO MATERIAL ADVERSE EFFECT (AS DEFINED IN THE MERGER
    AGREEMENT) AND WHETHER OR NOT A SPINCO MATERIAL ADVERSE EFFECT (AS DEFINED IN THE MERGER AGREEMENT) HAS OCCURRED, (II) THE DETERMINATION OF THE ACCURACY OF ANY MERGER TRANSACTION REPRESENTATION AND WHETHER AS A RESULT OF ANY INACCURACY THEREOF, NEOGEN
    (OR ITS APPLICABLE AFFILIATES) HAS THE RIGHT TO TERMINATE ITS OBLIGATION TO CONSUMMATE THE MERGER (OR OTHERWISE DOES NOT HAVE AN OBLIGATION TO CLOSE) UNDER THE MERGER AGREEMENT AS A RESULT OF A FAILURE OF SUCH REPRESENTATIONS IN THE MERGER AGREEMENT TO
    BE ACCURATE WITHOUT LIABILITY TO ANY OF THEM AND (III) THE DETERMINATION OF WHETHER (A) THE CONDITIONS TO THE DISTRIBUTION SET FORTH IN THE SEPARATION AND DISTRIBUTION AGREEMENT AND (B) THE CONDITIONS TO THE MERGER SET FORTH IN THE MERGER AGREEMENT, IN
    EACH CASE, OTHER THAN SUCH CONDITIONS THAT BY THEIR NATURE ARE TO BE SATISFIED UPON THE CLOSING OF SUCH TRANSACTION, HAVE BEEN SATISFIED OR WAIVED OR ARE EXPECTED TO BE SATISFIED AND WAIVED ON THE CLOSING DATE OR ONE BUSINESS DAY THEREAFTER, IN EACH
    CASE, SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS (AS DEFINED IN THE MERGER AGREEMENT AS IN EFFECT ON DECEMBER 13, 2021) OF THE STATE OF DELAWARE, WITHOUT REGARD TO ANY CHOICE OR CONFLICT OF LAW PROVISION OR RULE (WHETHER OF THE
    STATE OF DELAWARE OR ANY OTHER JURISDICTION) THAT WOULD CAUSE THE APPLICATION OF THE LAWS (AS DEFINED IN THE MERGER AGREEMENT AS IN EFFECT ON THE DATE HEREOF) OF ANY JURISDICTION OTHER THAN THE STATE OF DELAWARE.

   

  10.12       Submission To Jurisdiction;
      Waivers. Each party hereto hereby irrevocably and unconditionally:

   

  (i)            submits for itself and its property in any legal action or
    proceeding relating to this Agreement and the other Loan Documents to which it is a party, or for recognition and enforcement of any judgment in respect thereof, to the exclusive general jurisdiction of the courts of the State of New York in New York
    County, the courts of the United States for the Southern District of New York in New York County, and appellate courts from any thereof;

   

  (ii)           consents that any such action or proceeding may be brought in
    such courts and waives any objection that it may now or hereafter have to the venue of any such action or proceeding in any such court or that such action or proceeding was brought in an inconvenient court and agrees not to plead or claim the same;

   

  (iii)          agrees that service of process in any such action or
    proceeding may be effected by mailing a copy thereof by registered or certified mail (or any substantially similar form of mail), postage prepaid, to such party, as the case may be at its address set forth in Section 10.2 or at such other address of
    which the other parties shall have been notified pursuant thereto;

   

  (iv)          agrees that nothing herein shall affect the right to effect
    service of process in any other manner permitted by law or shall limit the right to sue in any other jurisdiction; and

   

  
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  (v)           waives, to the maximum extent not prohibited by law, any right
    it may have to claim or recover in any legal action or proceeding referred to in this Section any special, exemplary, punitive or consequential damages.

   

  Nothing in this Agreement or in any other Loan Document shall (i) affect any right each party hereto may otherwise have to enforce any judgment in any action or
    proceeding relating to this Agreement in the courts of any jurisdiction, (ii) waive any statutory, regulatory, common law, or other rule, doctrine, legal restriction, provision or the like providing for the treatment of bank branches, bank agencies, or
    other bank offices as if they were separate juridical entities for certain purposes, including Uniform Commercial Code Sections 4-106, 4-A-105(1)(b), and 5-116(b), UCP 600 Article 3 and ISP98 Rule 2.02, and URDG 758 Article 3(a), or (iii) affect which
    courts have or do not have personal jurisdiction over the issuing bank or beneficiary of any Letter of Credit or any advising bank, nominated bank or assignee of proceeds thereunder or proper venue with respect to any litigation arising out of or
    relating to such Letter of Credit with, or affecting the rights of, any Person not a party to this Agreement, whether or not such Letter of Credit contains its own jurisdiction submission clause.

   

  10.13       [Reserved].

   

  10.14       Releases of Guarantees and Liens.

   

  (a)           The Administrative Agent, the Lenders and the Issuing Lenders
    irrevocably agree that the Lien on any property and any related guarantee obligations will be automatically released (i) (1) to the extent necessary to permit consummation of any transaction not prohibited by any Loan Document, (2) upon any sale or
    transfer of Collateral or any other transaction permitted or not prohibited hereunder or under the Loan Documents to any Person that is not a Loan Party, (3) to the extent property constituting Collateral is owned by any Guarantors, upon the release of
    such Guarantor from its obligations under the Guarantee Agreement or in accordance with the succeeding sentence, (4) so long as no Event of Default has occurred and is continuing, to the extent the Collateral becomes Excluded Assets or a Guarantor
    becomes an Excluded Subsidiary in a transaction permitted hereunder, the primary purpose of which transaction is not to effect the release of such Guarantor or any other Guarantor from its obligations under the Loan Documents, (5) with respect to a
    Guarantor, if such Guarantor ceases to be a Subsidiary in a transaction permitted hereunder or (6) if such release has been consented to in accordance with Section 10.1 and (ii) under the circumstances described in paragraph (b) below. Notwithstanding
    anything to the contrary contained herein or in any other Loan Document, the Administrative Agent and the Collateral Agent are hereby irrevocably authorized by each Lender (without requirement of notice to or consent of any Lender except as expressly
    required by Section 10.1) to take any action (without consent rights) requested by the Parent (including to execute and deliver any instruments, documents, consents, acknowledgements, and agreements necessary or desirable to evidence or confirm the
    release of any Guarantor or Collateral pursuant to the foregoing provisions of this Section 10.14(a)) having the effect of releasing any Collateral or Loan Party from its guarantee obligations.

   

  (b)           The Administrative Agent, the Lenders and the Issuing Lenders
    irrevocably agree that at such time as the Loans, the Reimbursement Obligations and the other obligations under the Loan Documents (other than obligations under or in respect of Lender Hedge Agreements, Lender Cash Management Obligations and contingent
    indemnity and expense reimbursement obligations not due and payable) shall have been paid in full, the Commitments have been terminated and no Letters of Credit shall be outstanding (other than Letters of Credit that are cash collateralized at 101% of
    the undrawn face amount thereof or otherwise backstopped on terms reasonably satisfactory to the applicable Issuing Lender), the Collateral shall be automatically released from the Liens created by the Security Documents, and the Security Documents and
    all guarantees and other obligations (other than those expressly stated to survive such termination) of the Parent and each Loan Party under the Loan Documents shall automatically terminate, all without delivery of any instrument or performance of any
    act by any Person.

   

  
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  (c)           The Administrative Agent, the Lenders and the Issuing Lenders
    irrevocably agree that Liens on assets of the Loan Parties created by the Loan Documents will be automatically terminated and released upon the transfer of such assets to a Foreign Subsidiary pursuant to Section 7.5(r). The Administrative Agent and the
    Collateral Agent are hereby irrevocably authorized by each Lender (without requirement of notice to or consent of any Lender) to take any action (without consent rights) (including to execute and deliver any instruments, documents, consents,
    acknowledgements, and agreements necessary or desirable to evidence or confirm the release pursuant to the foregoing provisions of this paragraph) requested by the Parent to effect any termination or release described in this paragraph (c).

   

  (d)           Notwithstanding anything to the contrary herein, any automatic release
    of any Guarantor as a result of such Guarantor becoming a Subsidiary that is not a Wholly-Owned Subsidiary by virtue of a Disposition of less than all of its Capital Stock owned by the Parent or any Subsidiary shall be subject to, after giving pro
    forma effect to the applicable release, the Parent being deemed to have made a new Investment in such person on the date of such release (as if such Subsidiary were not a Guarantor) in an amount equal to the fair market value (as determined by the
    Parent in good faith) of the Parent’s retained ownership percentage in such Subsidiary, which Investment shall be required to be permitted pursuant to Section 7.8.

   

  10.15      Confidentiality. Each of the
    Administrative Agent and each Lender and each of their respective Affiliates agrees to keep confidential all information received by them in connection with the Transactions and the related transactions and information received from the Parent relating
    to the Parent or its business; provided that nothing herein shall prevent the Administrative Agent or any Lender from disclosing any such Information (a) to the Administrative Agent, any other Lender, any Affiliate of any Lender or any Lender
    Affiliate (provided that any such Lender Affiliate or Affiliate is advised of its obligation to retain such information as confidential, and such Administrative Agent or Lender shall be responsible for its Affiliates’ and Lender Affiliates’
    compliance with this paragraph) solely in connection with the Transactions, (b) to any pledgee referred to in Section 10.6(g), any Transferee or prospective Transferee or any insurance or risk protection providers (provided that in no event
    shall any disclosure of such information be made to any person that is a Disqualified Lender as of the relevant time); provided that the disclosure of any such information to any such party (other than a Federal Reserve Bank or other central
    banking authority) shall be made subject to the acknowledgment and acceptance by such party that such information is being disseminated on a confidential basis or customary market standards for dissemination of such type of information, (c) to its
    employees, legal counsel, independent auditors, professionals and other experts or agents who are informed of the confidential nature thereof (provided that the Administrative Agent or Lender shall be responsible for compliance of such persons
    with this paragraph), (d) upon the request or demand of any Governmental Authority, including audits and examinations conducted by bank accountants, any governmental bank regulatory authority exercising examination or regulatory authority or
    self-regulatory authorities, in which case (except with respect to any audit or examination conducted by bank accountants or any governmental bank regulatory authority exercising examination or regulatory authority), such party will promptly notify the
    Parent, in advance, to the extent permitted by law, (e) in response to any order of any court or other Governmental Authority or as may otherwise be required pursuant to any Requirement of Law in which case, such party will promptly notify the Parent,
    in advance, to the extent permitted by law and use commercially reasonable efforts to ensure that any such information so disclosed is accorded confidential treatment, (f) if requested or required to do so in connection with any litigation or similar
    proceeding in which case, such party will promptly notify the Parent, in advance, to the extent permitted by law and use commercially reasonable efforts to ensure that any such information so disclosed is accorded confidential treatment, (g) to the
    extent any such information becomes publicly available other than by reason of disclosure by such Administrative Agent or Lender or its Affiliates or representatives in breach of this Agreement; (h) to any nationally recognized rating agency that
    requires access to information about a Lender’s investment portfolio in connection with ratings issued with respect to such Lender, (i) in connection with the exercise of any remedy hereunder or under any other Loan Document; provided that the
    disclosure of any such information to any such party shall be made subject to the acknowledgment and acceptance by such party that such information is being disseminated on a confidential basis or customary market standards for dissemination of such
    type of information, (j) to any direct, indirect, actual or perspective counterparty (and its advisor) to any swap, derivative or securitization transaction related to any obligations or any insurance or risk protection providers in respect thereof (so
    long as such party agrees to be bound by the provisions of this Section 10.15); provided that the disclosure of any such information to any such party shall be made subject to the acknowledgment and acceptance by such party that such
    information is being disseminated on a confidential basis or customary market standards for dissemination of such type of information, (k) to the CUSIP Service Bureau or any similar agency in connection with the issuance and monitoring of CUSIP numbers
    with respect to the Loans or (l) if agreed by the Parent in its sole discretion, to any other Person; provided that notwithstanding any of the foregoing, no information shall be disclosed to a Disqualified Lender. The Administrative Agent,
    Arrangers and the Lenders may disclose the existence of this Agreement and information about this Agreement that is routinely provided by arrangers to such service providers to market data service providers (including league table providers) that serve
    the lending industry and to service providers to the Administrative Agent and the Lenders in connection with the administration and management of this Agreement, the Loan Documents and the Commitments. Nothing in any Loan Document shall prevent
    disclosure of any confidential information or other matter to the extent that preventing that disclosure would otherwise cause any transaction contemplated by the Loan Documents, or any transaction carried out in connection with any transaction
    contemplated thereby, to become an arrangement described in Part II A 1 of Annex IV of Directive 2011/16/EU.

   

  
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  Each Lender acknowledges that information furnished to it pursuant to this Agreement or the other Loan Documents may include material non-public information concerning
    the Parent and its Affiliates and their related parties or their respective securities, and confirms that it has developed compliance procedures regarding the use of material non-public information and that it will handle such material non-public
    information in accordance with those procedures and applicable law, including Federal and state securities laws.

   

  All information, including requests for waivers and amendments, furnished by the Parent or the Administrative Agent pursuant to, or in the course of administering,
    this Agreement or the other Loan Documents will be syndicate-level information, which may contain material non-public information about the Parent and its Affiliates and their related parties or their respective securities. Accordingly, each Lender
    represents to the Parent and the Administrative Agent that it has identified in its administrative questionnaire a credit contact who may receive information that may contain material non-public information in accordance with its compliance procedures
    and applicable law, including Federal and state securities laws.

   

  10.16      WAIVERS OF JURY TRIAL. THE
    BORROWER, THE ADMINISTRATIVE AGENT AND THE LENDERS HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVE TRIAL BY JURY IN ANY LEGAL ACTION OR PROCEEDING RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT AND FOR ANY COUNTERCLAIM THEREIN.

   

  10.17      Patriot Act. Each Lender that
    is subject to the requirements of the Patriot Act hereby notifies each Borrower and each Guarantor that pursuant to the requirements of the Patriot Act, it is required to obtain, verify and record information that identifies each Borrower, which
    information includes the name and address of each Borrower and each Guarantor and other information that will allow such Lender to identify each Borrower and each Guarantor in accordance with the Patriot Act.

   

  
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  10.18      No Fiduciary Duty. Each
    Borrower hereby acknowledges and agrees that (a) no fiduciary, advisory or agency relationship between the Loan Parties and the Credit Parties is intended to be or has been created in respect of any of the transactions contemplated by this Agreement or
    the other Loan Documents, irrespective of whether the Credit Parties have advised or are advising the Loan Parties on other matters, (b) the Credit Parties, on the one hand, and the Loan Parties, on the other hand, have an arm’s length business
    relationship that does not directly or indirectly give rise to, nor do any of the Loan Parties rely on, any fiduciary duty to any of the Loan Parties or their affiliates on the part of the Credit Parties, (c) the Loan Parties are capable of evaluating
    and understanding, and the Loan Parties understand and accept, the terms, risks and conditions of the transactions contemplated by this Agreement and the other Loan Documents, (d) the Loan Parties have been advised that the Credit Parties are engaged
    in a broad range of transactions that may involve interests that differ from the Loan Parties’ interests and that the Credit Parties have no obligation to disclose such interests and transactions to the Loan Parties, (e) the Loan Parties have consulted
    their own legal, accounting, regulatory and tax advisors to the extent the Loan Parties have deemed appropriate, (f) each Credit Party has been, is, and will be acting solely as a principal and, except as otherwise expressly agreed in writing by it and
    the relevant parties, has not been, is not, and will not be acting as an advisor, agent or fiduciary for the Loan Parties, any of their affiliates or any other Person and (g) none of the Credit Parties has any obligation to the Loan Parties or their
    affiliates with respect to the transactions contemplated by this Agreement or the other Loan Documents except those obligations expressly set forth herein or therein or in any other express writing executed and delivered by such Credit Party and the
    Loan Parties or any such affiliate.

   

  10.19      Usury. 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 Administrative Agent
    or any Lender shall receive interest in an amount that exceeds the Maximum Rate, the excessive interest shall be applied to the principal of the Obligations or, if it exceeds the unpaid principal, refunded to the applicable Borrower. In determining
    whether the interest contracted for, charged or received by Administrative Agent or any 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 this Agreement.

   

  10.20      Acknowledgement and Consent to
      Bail-In of Affected Financial Institutions. Notwithstanding anything to the contrary in any Loan Document or in any other agreement, arrangement or understanding among any such parties, each party hereto acknowledges that any liability of any
    Affected Financial Institution arising under any Loan Document may be subject to the Write-Down and Conversion Powers of the applicable Resolution Authority and agrees and consents to, and acknowledges and agrees to be bound by:

   

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

   

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

   

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

   

  
    158

    
      
 

  

   

  (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 entity, or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or other instruments of ownership will be accepted
    by it in lieu of any rights with respect to any such liability under this Agreement or any other Loan Document; or

   

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

   

  10.21      Conversion of Currencies.

   

  (a)           If, for the purpose of obtaining judgment in any court, it is necessary
    to convert a sum owing hereunder in one currency into another currency, each party hereto (including, upon Neogen becoming a Borrower, Neogen) agrees, to the fullest extent that it may effectively do so, that the rate of exchange used shall be that at
    which, in accordance with normal banking procedures in the relevant jurisdiction, the first currency could be purchased with such other currency on the Business Day immediately preceding the day on which final judgment is given.

   

  (b)           The obligations of the Borrowers in respect of any sum due to any party
    hereto or any holder of the obligations owing hereunder (the “Applicable Creditor”) shall, notwithstanding any judgment in a currency (the “Judgment Currency”) other than the currency in which such sum is stated to be due hereunder (the “Agreement

      Currency”), be discharged only to the extent that, on the Business Day following receipt by the Applicable Creditor of any sum adjudged to be so due in the Judgment Currency, the Applicable Creditor may in accordance with normal banking
    procedures in the relevant jurisdiction purchase the Agreement Currency with the Judgment Currency; if the amount of the Agreement Currency so purchased is less than the sum originally due to the Applicable Creditor in the Agreement Currency, the
    Borrowers agree, as a separate obligation and notwithstanding any such judgment, to indemnify the Applicable Creditor against such loss. The obligations of the Borrowers contained in this Section 10.21 shall survive the termination of this Agreement
    and the payment of all other amounts owing hereunder.

   

  10.22      Several Obligations. The
    respective obligations of the Lenders under this Agreement are several and not joint and no Lender shall be responsible for the failure of any other Lender to satisfy its obligations hereunder.

   

  10.23      Acknowledgement Regarding Any
      Supported QFCs. 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 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):

   

  
    159

    
      
 

  

   

  In the event a Covered Entity that is party to a Supported QFC (each, a “Covered Party”) becomes subject to a proceeding under a U.S. Special Resolution Regime,
    the transfer of such Supported QFC and the benefit of such QFC Credit Support (and any interest and obligation in or under such Supported QFC and such QFC Credit Support, and any rights in property securing such Supported QFC or such QFC Credit
    Support) from such Covered Party will be effective to the same extent as the transfer would be effective under the U.S. Special Resolution Regime if the Supported QFC and such QFC Credit Support (and any such interest, obligation and rights in
    property) were governed by the laws of the United States or a state of the United States. In the event a Covered Party or a BHC Act Affiliate of a Covered Party becomes subject to a proceeding under a U.S. Special Resolution Regime, Default Rights
    under the Loan Documents that might otherwise apply to such Supported QFC or any QFC Credit Support that may be exercised against such Covered Party are permitted to be exercised to no greater extent than such Default Rights could be exercised under
    the U.S. Special Resolution Regime if the Supported QFC and the Loan Documents were governed by the laws of the United States or a state of the United States. Without limitation of the foregoing, it is understood and agreed that rights and remedies of
    the parties with respect to a Defaulting Lender shall in no event affect the rights of any Covered Party with respect to a Supported QFC or any QFC Credit Support.

   

  [Remainder of page intentionally left blank]

   

  
    160

    
      
 

  

   

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

   

  	 	JPMORGAN CHASE BANK, N.A.,

          as Administrative Agent, Collateral Agent,  Lender, Issuing Lender and Swingline Lender,
	 	 
	 	By:	/s/ Tasha L. Michalak
	 	 	Name: Tasha L. Michalak
	 	 	Title:Vice President

        

   

  [Signature Page to Credit Agreement]

   

  
     

    
      
 

  

   

  	 	
          Goldman Sachs Bank USA,

           

          as a Lender and Issuing Lender,

           

        
	 	By:	/s/ Rob Ehudin
	 	 	Name: Rob Ehudin
	 	 	Title: Authorized Signatory

   

  [Signature Page to Credit Agreement]

   

  
     

    
      
 

  

   

  	 	
          Banco de Sabadell, S.A., Miami Branch,

           

          as a Lender,

           

        
	 	By:	/s/ Ignacio Alcaraz
	 	 	Name: Ignacio Alcaraz
	 	 	Title: Head of Structured Finance Americas

   

  [Signature Page to Credit Agreement]

   

  
     

    
      
 

  

   

  	 	
          Bank of America, N.A.,

           

          as a Lender,

           

        
	 	By:	/s/ Alexander L. Rody
	 	 	Name: Alexander L. Rody
	 	 	Title: Senior Vice President

   

  [Signature Page to Credit Agreement]

   

  
     

    
      
 

  

   

  	 	
          BankUnited N.A.,

           

          as a Lender,

           

        
	 	By:	/s/ Blaise R. Heid
	 	 	Name: Blaise R. Heid
	 	 	Title: Practice Leader – Healthcare

   

  [Signature Page to Credit Agreement]

   

  
     

    
      
 

  

   

  	 	
          Capital One, National Association,

           

          as a Lender,

           

        
	 	By:	/s/ Chris Warash
	 	 	Name: Chris Warash
	 	 	Title: Duly Authorized Signatory

   

  [Signature Page to Credit Agreement]

   

  
     

    
      
 

  

   

  	 	
          CIBC Bank USA,

          

           

          as a Lender,

           

        
	 	By:	/s/ James Belletire
	 	 	Name: James Belletire
	 	 	Title: Managing Director

   

  [Signature Page to Credit Agreement]

   

  
     

    
      
 

  

   

  	 	
          CITIZENS BANK, N.A.,

          

           

          as a Lender,

           

        
	 	By:	/s/ Martin Rohan
	 	 	Name: Martin Rohan
	 	 	Title: Senior Vice President

   

  [Signature Page to Credit Agreement]

   

  
     

    
      
 

  

   

  	 	
          COMERICA BANK,

           

          as a Lender,

           

        
	 	By:	/s/ John Lascody
	 	 	Name: John Lascody
	 	 	Title: Vice President

   

  [Signature Page to Credit Agreement]

   

  
     

    
      
 

  

   

  	 	
          COÖPERATIEVE RABOBANK U.A., NEW YORK BRANCH,

           

          as a Lender,

           

        
	 	By:	/s/ Robert Graff
	 	 	Name: Robert Graff
	 	 	Title: Managing Director

   

  	 	By:	/s/ Kevin Chambers
	 	 	Name: Kevin Chambers
	 	 	Title: Vice President

   

   

  [Signature Page to Credit Agreement]

   

  
     

    
      
 

  

   

  	 	
          Fifth Third Bank, National Association,

           

          as a Lender,

           

        
	 	By:	/s/ Brian J. Moeller
	 	 	Name: Brian J. Moeller
	 	 	Title: Executive Director

   

  [Signature Page to Credit Agreement]

   

  
     

    
      
 

  

   

  	 	
          PNC BANK, NATIONAL ASSOCIATION,

           

          as a Lender,

           

        
	 	By:	/s/ Brock Dana
	 	 	Name: Brock Dana
	 	 	Title: Senior Vice President

   

  [Signature Page to Credit Agreement]

   

  
     

    
      
 

  

   

  	 	
          Santander Bank, N.A.,

           

          as a Lender,

           

        
	 	By:	/s/ Puiki Lok
	 	 	Name: Puiki Lok
	 	 	Title: Senior Vice President

   

  [Signature Page to Credit Agreement]

   

  
     

    
      
 

  

   

  	 	
          The Huntington National Bank,

           

          as a Lender,

           

        
	 	By:	/s/ Drew Thomas
	 	 	Name: Drew Thomas
	 	 	Title: Vice President

   

  [Signature Page to Credit Agreement]

   

  
     

    
      
 

  

   

  	 	
          U.S. Bank National Association,

           

          as a Lender,

           

        
	 	By:	/s/ Eric M. Lough
	 	 	Name: Eric M. Lough
	 	 	Title: Vice President

   

  [Signature Page to Credit Agreement]

   

  
     

    
      
 

  

   

  	 	
          WELLS FARGO BANK, NATIONAL ASSOCIATION,

           

          as a Lender,

           

        
	 	By:	/s/ Randall Schmidt
	 	 	Name: Randall Schmidt
	 	 	Title: Authorized Signatory

   

  [Signature Page to Credit Agreement]

   

  
     

    
      
 

  

   

  	Accepted and agreed to as of the date first written above:

   

  	GARDEN SPINCO CORPORATION	 
	 	 
	By:	/s/ Rodolfo Espinosa

        	 
	 	Name: Rodolfo Espinosa	 
	 	Title: Treasurer	 

   

  [Signature Page to Credit Agreement]

   

  
     

    
      
 

  

   

  Annex A

   

  PRICING GRID FOR REVOLVING FACILITY (INCLUDING SWINGLINE LOANS) AND TRANCHE A TERM FACILITY

   

  	
          Level 

        	
          Total Leverage Ratio 

        	
          Applicable Margin

            for Term Benchmark Loans / RFR Loans 

        	
          Applicable Margin for ABR Loans  

        	
          Commitment Fee Rate 

        
	I	Greater than or equal to 3.00:1.00	2.25%	1.25%	0.35%
	 	 	 	 	 
	II	Greater than or equal to 2.00:1.00 but less than 3.00:1.00	2.00%	1.00%	0.30%
	 	 	 	 	 
	III	Greater than or equal to 1.00:1.00 but less than 2.00:1.00	1.75%	0.75%	0.25%
	 	 	 	 	 
	IV	Less than 1.00:1.00	1.50%	0.50%	0.20%

   

  The Level applicable for determining pricing (the “Pricing Level”) shall be based on the Total Leverage Ratio Level (determined as of each Adjustment Date
    (defined below)) then applicable. Changes in the Applicable Margin with respect to Revolving Loans, Swingline Loans, Tranche A Term Loans or the Commitment Fee Rate resulting from changes in the Total Leverage Ratio shall become effective on the date
    (the “Adjustment Date”) on which financial statements have been delivered pursuant to Section 6.1 for the most recently ended fiscal quarter of the Borrower commencing with the first full fiscal quarter of the Borrower following the Closing
    Date, and shall remain in effect until the next change to be effected pursuant to this paragraph. If any financial statements referred to above are not delivered within the time periods specified above, then, until such financial statements have been
    delivered (or an earlier date, in the reasonable discretion of the Administrative Agent), the Total Leverage Ratio as at the end of the fiscal period that would have been covered thereby shall for purposes of this definition be deemed to be Level I.
    Each determination of the Total Leverage Ratio pursuant to this pricing grid shall be made with respect to (or, in the case of clause (a) of the definition thereof, as at the end of) the Test Period ending at the end of the period covered by the
    relevant financial statements.

   

  Annex A-1Exhibit 10.10

   

  

  Execution Version

  

  	 

   

  SENIOR NOTES INDENTURE

   

  Dated as of July 20, 2022

   

  Among

   

  GARDEN SPINCO CORPORATION

      as Issuer

   

  THE GUARANTORS PARTY HERETO FROM TIME TO TIME

   

  and

   

  U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION 

  as Trustee

   

  8.625% SENIOR NOTES DUE 2030

  
    	 

  

     

    
      
 

  

   
  TABLE OF CONTENTS

   

  

  	 	 	Page
	 	 	 
	ARTICLE 1 DEFINITIONS	1
	 	 	 
	Section 1.01	Definitions	1
	Section 1.02	Other Definitions	44
	Section 1.03	Rules of Construction	46
	Section 1.04	Limited Condition Transactions and Certain Financial Calculations	47
	Section 1.05	Acts of Holders	49
	 	 	 
	ARTICLE 2 THE NOTES	51
	 	 	 
	Section 2.01	Form and Dating; Terms	51
	Section 2.02	Execution and Authentication	52
	Section 2.03	Registrar and Paying Agent	52
	Section 2.04	Paying Agent to Hold Money in Trust	53
	Section 2.05	Holder Lists	53
	Section 2.06	Transfer and Exchange	53
	Section 2.07	Replacement Notes	54
	Section 2.08	Outstanding Notes	54
	Section 2.09	Treasury Notes	55
	Section 2.10	Temporary Notes	55
	Section 2.11	Cancellation	55
	Section 2.12	Defaulted Interest	56
	Section 2.13	CUSIP and ISIN Numbers	56
	Section 2.14	Additional Notes	56
	 	 	 
	ARTICLE 3 REDEMPTION	57
	 	 	 
	Section 3.01	Notices to Trustee	57
	Section 3.02	Selection of Notes to Be Redeemed	57
	Section 3.03	Notice of Redemption	58
	Section 3.04	Effect of Notice of Redemption	59
	Section 3.05	Deposit of Redemption Price	59
	Section 3.06	Notes Redeemed in Part	60
	Section 3.07	Optional Redemption	60
	Section 3.08	Mandatory Redemption; Open Market Purchases	61
	 	 	 
	ARTICLE 4 COVENANTS	61
	 	 	 
	Section 4.01	Payment of Notes	61
	Section 4.02	Maintenance of Office or Agency	62
	Section 4.03	Taxes	62
	Section 4.04	Stay, Extension and Usury Laws	62
	Section 4.05	Organizational Existence	62
	Section 4.06	Reports and Other Information	63
	Section 4.07	Compliance Certificate	65
	Section 4.08	Limitation on Restricted Payments	65

   

  
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  	 	 	Page
	 	 	 
	Section 4.09	Limitation on Indebtedness	73
	Section 4.10	Limitation on Liens	79
	Section 4.11	Future Guarantors	79
	Section 4.12	Limitation on Restrictions on Distributions from Restricted Subsidiaries	80
	Section 4.13	Designation of Restricted and Unrestricted Subsidiaries	83
	Section 4.14	Limitation on Affiliate Transactions	84
	Section 4.15	Offer to Repurchase Upon Change of Control Triggering Event	87
	Section 4.16	Asset Dispositions	89
	Section 4.17	Effectiveness of Covenants	95
	Section 4.18	Activities of the Issuer prior to consummation of the Distribution and the Merger	96
	 	 	 
	ARTICLE 5 SUCCESSORS	97
	 	 	 
	Section 5.01	Merger, Consolidation or Sale of All or Substantially All Assets	97
	Section 5.02	Officer’s Certificate and Opinion of Counsel to be Given to Trustee	99
	 	 	 
	ARTICLE 6 DEFAULTS AND REMEDIES	99
	 	 	 
	Section 6.01	Events of Default	99
	Section 6.02	Acceleration	103
	Section 6.03	Other Remedies	103
	Section 6.04	Waiver of Past Defaults; Rescission of Acceleration	104
	Section 6.05	Control by Majority	104
	Section 6.06	Limitation on Suits	104
	Section 6.07	Rights of Holders to Bring Suit for Payment	105
	Section 6.08	Collection Suit by Trustee	105
	Section 6.09	Restoration of Rights and Remedies	105
	Section 6.10	Rights and Remedies Cumulative	105
	Section 6.11	Delay or Omission Not Waiver	105
	Section 6.12	Trustee May File Proofs of Claim	106
	Section 6.13	Priorities	106
	Section 6.14	Undertaking for Costs	107
	 	 	 
	ARTICLE 7 TRUSTEE	107
	 	 	 
	Section 7.01	Duties of Trustee	107
	Section 7.02	Rights of Trustee	108
	Section 7.03	Individual Rights of Trustee	109
	Section 7.04	Trustee’s Disclaimer	110
	Section 7.05	Notice of Defaults	110
	Section 7.06	[Reserved]	110
	Section 7.07	Compensation and Indemnity	110
	Section 7.08	Replacement of Trustee	111
	Section 7.09	Successor Trustee by Merger, etc.	112
	Section 7.10	Eligibility; Disqualification	112
	 	 	 
	ARTICLE 8 LEGAL DEFEASANCE AND COVENANT DEFEASANCE	112
	 	 	 
	Section 8.01	Option to Effect Legal Defeasance or Covenant Defeasance	112
	Section 8.02	Legal Defeasance	113

   

  
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  	 	 	Page
	 	 	 
	Section 8.03	Covenant Defeasance	113
	Section 8.04	Conditions to Legal or Covenant Defeasance	114
	Section 8.05	Deposited Money and Government Securities to Be Held in Trust; Other Miscellaneous Provisions	115
	Section 8.06	Repayment to the Issuer	115
	Section 8.07	Reinstatement	116
	 	 	 
	ARTICLE 9 AMENDMENT, SUPPLEMENT AND WAIVER	116
	 	 	 
	Section 9.01	Without Consent of Holders	116
	Section 9.02	With Consent of Holders	117
	Section 9.03	Effect of Consents	118
	Section 9.04	Notation on or Exchange of Notes	119
	Section 9.05	Trustee to Sign Amendments, etc.	119
	 	 	 
	ARTICLE 10 GUARANTEES	119
	 	 	 
	Section 10.01	Guarantee	119
	Section 10.02	Limitation on Guarantor Liability	121
	Section 10.03	Execution and Delivery	121
	Section 10.04	Subrogation	122
	Section 10.05	Benefits Acknowledged	122
	Section 10.06	Release of Note Guarantees	122
	 	 	 
	ARTICLE 11 SATISFACTION AND DISCHARGE	123
	 	 	 
	Section 11.01	Satisfaction and Discharge	123
	Section 11.02	Application of Trust Money	124
	 	 	 
	ARTICLE 12 MISCELLANEOUS	125
	 	 	 
	Section 12.01	Concerning the Trust Indenture Act	125
	Section 12.02	Notices	125
	Section 12.03	[Reserved]	127
	Section 12.04	Certificate and Opinion as to Conditions Precedent	127
	Section 12.05	Statements Required in Certificate or Opinion	127
	Section 12.06	Rules by Trustee and Agents	128
	Section 12.07	No Personal Liability of Directors, Officers, Employees, Members, Partners and Stockholders	128
	Section 12.08	Governing Law; Submission to Jurisdiction	128
	Section 12.09	Waiver of Jury Trial	128
	Section 12.10	Force Majeure	128
	Section 12.11	No Adverse Interpretation of Other Agreements	129
	Section 12.12	Successors	129
	Section 12.13	Severability	129
	Section 12.14	Counterpart Originals	129
	Section 12.15	Table of Contents, Headings, etc.	129
	Section 12.16	Facsimile and PDF Delivery of Signature Pages	129
	Section 12.17	U.S.A. PATRIOT Act	130
	Section 12.18	Payments Due on Non-Business Days	130

   

  
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  	Appendix A	Provisions Relating to Initial Notes and Additional Notes
	 	 
	Exhibit A	Form of Note
	Exhibit B	Form of Institutional Accredited Investor Transferee Letter of Representation
	Exhibit C	Form of Supplemental Indenture to Be Delivered by Subsequent Guarantors
	Exhibit D	Form of 3M Guarantee Agreement

   

  
    -iv-

    
        

  

   

  SENIOR NOTES INDENTURE, dated as of July 20, 2022, among
      Garden SpinCo Corporation, a Delaware corporation (the “Issuer”), the Guarantors (as defined below) party hereto from time to time, and U.S. Bank Trust Company, National Association, as Trustee.

   

  W I T N E S S E T H 

   

  WHEREAS, the Issuer has duly authorized the creation and
      issue of $350,000,000 aggregate principal amount of 8.625% Senior Notes due 2030 (the “Initial Notes”);

   

  WHEREAS, all things necessary (i) to make the Notes, when
      executed and duly issued by the Issuer and authenticated and delivered hereunder, the valid obligations of the Issuer, and (ii) to make this Indenture a valid agreement of the Issuer have been done;

   

  WHEREAS, on the date hereof, (i) the Issuer has issued
      the Initial Notes to 3M Company, a Delaware corporation (“3M”), pursuant to the Separation Agreement, and immediately thereafter, 3M became the sole beneficial holder of the Initial Notes, and (ii) 3M, as the parent of the Issuer as of the
      Issue Date, has duly authorized, executed and delivered to the Trustee the parent guarantee agreement, substantially in the form of Exhibit D, dated as of the Issue Date (as amended, restated, amended and restated, supplemented or otherwise
      modified or replaced from time to time, the “3M Guarantee Agreement”);

   

  WHEREAS, on the settlement date of the Exchange (as
      defined below) (which is expected to occur on the Issue Date), 3M intends to transfer beneficial ownership of the Initial Notes to Goldman Sachs & Co. LLC, as selling securityholder (“Goldman Sachs”) in exchange for certain outstanding
      commercial paper issued by 3M (the “3M Commercial Paper”) to Goldman Sachs (such exchange, the “Exchange”), and immediately following the consummation of the Exchange, (x) Goldman Sachs intends to sell the Initial Notes received from 3M
      to certain third-party investors (through the facilities of DTC), pursuant to, and in accordance with, the Offering Memorandum and (y) 3M intends to deliver for cancellation the 3M Commercial Paper it receives pursuant to the Exchange; and

   

  WHEREAS, on the Closing Date, pursuant to Section
      10.01(b) hereof, the Company and each of the Company’s existing direct and indirect Domestic Subsidiaries that are Wholly Owned Restricted Subsidiaries that guarantee the obligations of the Issuer under the Senior Secured Credit Facilities shall duly
      authorize, execute and deliver the Closing Date Supplemental Indenture, to be dated as of the Closing Date, pursuant to which each of such Subsidiaries shall guarantee on a senior unsecured basis, the full and punctual payment when due, whether at
      maturity, by acceleration or otherwise, all the Issuer’s obligations under this Indenture and the Notes, whether for payment of principal of, premium, if any, or interest on the Notes, expenses, indemnification or otherwise, in each case subject to
      Article 10 hereof.

   

  NOW, THEREFORE, the Issuer, the Guarantors and the
      Trustee agree as follows for the benefit of each other and for the equal and ratable benefit of the Holders.

   

  ARTICLE 1

      

      DEFINITIONS

   

  Section 1.01         Definitions.

   

  “3M” has the meaning set forth in the recitals
      hereto.

   

  
     

    
        

  

  
   

  “3M Guarantee” means 3M’s guarantee of the
      obligations under the Notes pursuant to the 3M Guarantee Agreement.

   

  “3M Guarantee Agreement” has the meaning set forth
      in the recitals hereto.

   

  “3M Commercial Paper” has the meaning set forth in
      the recitals hereto.

   

  “Accounting Change” has the meaning set forth in
      the definition of “GAAP.”

   

  “Acquired Indebtedness” means, with respect to any
      specified Person, (1) Indebtedness of any Person or any of its Subsidiaries existing at the time such Person becomes a Restricted Subsidiary or merges or amalgamates with or into or consolidates or otherwise combines with the Company or any
      Restricted Subsidiary, (2) Indebtedness assumed in connection with the acquisition of assets from such Person, or (3) Indebtedness secured by a Lien encumbering any asset acquired by such specified Person in each case whether or not Incurred by such
      Person in connection with, or in anticipation or contemplation of, such Person becoming a Restricted Subsidiary or such acquisition; provided, however, that any Indebtedness of such acquired Person or in respect of such acquired
      assets that is redeemed, defeased, retired or otherwise repaid at the time of or immediately upon consummation of the transactions by which such Person merges with or into or becomes a Subsidiary of such Person or such assets in respect of such
      assumed debt are acquired shall not be considered to be Acquired Indebtedness.

   

  “Additional Assets” means:

   

  (1)           any property, plant, equipment or
      other asset (excluding working capital or current assets) used, usable or to be used by the Company or a Restricted Subsidiary in a Similar Business;

   

  (2)           the Capital Stock of a Person that
      becomes a Restricted Subsidiary as a result of the acquisition of such Capital Stock by the Company or a Restricted Subsidiary; or

   

  (3)           Capital Stock constituting a minority
      interest in any Person that at such time is a Restricted Subsidiary,

   

  provided, however, that, in the case of
      clauses (2) and (3), such Restricted Subsidiary is primarily engaged in a Similar Business.

   

  “Affiliate” of any specified Person means any
      other Person, directly or indirectly, controlling or controlled by or under direct or indirect common control with such specified Person. For the purposes of this definition, “control” (including, with correlative meanings, the terms “controlling,”

      “controlled by” and “under common control with”) when used with respect to any Person means possession, directly or indirectly, of the power to direct the management and policies of such Person, directly or indirectly, whether through
      the ownership of voting securities, by contract or otherwise; and the terms “controlling” and “controlled” have meanings correlative to the foregoing.

   

  “Agent” means any Registrar or Paying Agent or
      Custodian.

   

  “Applicable Premium” means, with respect to a Note
      on any redemption date, the greater of:

   

  (1)           1.0% of the principal amount of such Note,
      and

   

  
    -2-

    
        

  

   

  (2)           the excess, if any, of (a) the present
      value as of such redemption date of (i) the redemption price of such Note on July 20, 2027 (such redemption price being set forth in Section 3.07(c)) plus (ii) all required interest payments due on such Note through July 20, 2027 (excluding accrued
      but unpaid interest to the redemption date), computed on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) using a discount rate equal to the Treasury Rate as of such redemption date plus 50 basis points, over (b) the
      then outstanding principal amount of such Note.

   

  “Approved Commercial Bank” means a commercial bank
      with a consolidated combined capital and surplus of at least $5.0 billion.

   

  “Asset Disposition” means any direct or indirect
      sale, lease (other than an operating lease entered into in the ordinary course of business or consistent with past practice), transfer, issuance or other disposition, or a series of related sales, leases, transfers, issuances or dispositions that are
      part of a common plan, of shares of Capital Stock of a Restricted Subsidiary (other than directors’ qualifying shares), property or other assets (each referred to for the purposes of this definition as a “disposition”) by the Company or any of
      its Restricted Subsidiaries, including any disposition by means of a merger, consolidation or similar transaction.

   

  Notwithstanding the preceding, the following items shall
      not be deemed to be Asset Dispositions:

   

  (1)           a disposition of assets by a
      Restricted Subsidiary to the Company or by the Company or a Restricted Subsidiary to a Restricted Subsidiary (other than a Receivables Entity);

   

  (2)        the disposition of cash or Cash
      Equivalents in the ordinary course of business or consistent with past practice;

   

  (3)        a disposition of inventory, goods or
      other assets in the ordinary course of business or consistent with past practice or held for sale or no longer used in the ordinary course of business, including any disposition of disposed, abandoned or discontinued operations;

   

  (4) a disposition of obsolete, worn-out,
      uneconomic, damaged, non-core or surplus property, equipment or other assets or property, equipment or other assets that are no longer economically practical or commercially desirable to maintain or used or useful in the business of the Company and
      its Restricted Subsidiaries whether now or hereafter owned or leased or acquired in connection with an acquisition or used or useful in the conduct of the business of the Company and its Restricted Subsidiaries (including by ceasing to enforce,
      allowing the lapse, abandonment or invalidation of or discontinuing the use or maintenance of or putting into the public domain any intellectual property that is, in the reasonable judgment of the Company, no longer used or useful, or economically
      practicable to maintain, or in respect of which the Company determines in its reasonable judgment that such action or inaction is desirable);

   

  (5)           any transaction permitted pursuant to
      Section 5.01 or any disposition that constitutes a Change of Control;

   

  (6)           an issuance of Capital Stock by a
      Restricted Subsidiary to the Company or to a Restricted Subsidiary (other than a Receivables Entity) or as part of or pursuant to an equity incentive or compensation plan approved by the Board of Directors or Senior Management;

   

  (7)           for purposes of Section 4.16 only,
      the making of a Permitted Investment (other than a Permitted Investment to the extent such transaction results in the receipt of cash or Cash Equivalents by the Company or its Restricted Subsidiaries) or a disposition that is permitted pursuant to
      Section 4.08;

   

  
    -3-

    
        

  

   

  (8)        the lease, assignment, license, sublease
      or sublicense of any real or personal property in the ordinary course of business or consistent with industry practice;

   

  (9)        sales of accounts receivable and related
      assets or an interest therein in connection with a Receivables Financing Transaction;

   

  (10)      a disposition of trade payables in
      connection with a Supply Chain Financing in the ordinary course of business or consistent with past practice;

   

  (11)      dispositions of Capital Stock, properties
      or assets in a single transaction or a series of related transactions with an aggregate Fair Market Value of less than the greater of (x) $45.0 million and (y) 15.0% of Consolidated EBITDA;

   

  (12)      the creation of a Permitted Lien and
      dispositions in connection with Permitted Liens;

   

  (13)      dispositions of receivables in connection
      with the compromise, settlement or collection thereof in the ordinary course of business or consistent with past practice or in bankruptcy or similar proceedings and exclusive of factoring or similar arrangements;

   

  (14)      the issuance by a Restricted Subsidiary
      of Preferred Stock that is permitted by Section 4.09;

   

  (15)     conveyances, sales, transfers, licenses,
      sublicenses, cross-licenses or other dispositions of intellectual property, software or other general intangibles and licenses, sublicenses, cross-licenses (including the provision of software under an open source license), leases or subleases of
      other property in the ordinary course of business or consistent with past practice or pursuant to a research or development agreement in which the counterparty to such agreement receives a license in the intellectual property or software that result
      from such agreement, in each case which do not materially interfere with the business of the Company and its Restricted Subsidiaries;

   

  (16)     any termination or settlement of Cash
      Management Obligations or Hedging Obligations permitted under the terms thereof;

   

  (17)     any financing transaction with respect to
      property constructed, acquired, leased, renewed, relocated, expanded, replaced, repaired, maintained, upgraded or improved (including any reconstruction, refurbishment, renovation and/or development of real property) by the Company or any Restricted
      Subsidiary after the Closing Date, including Sale/Leaseback Transactions and asset securitizations, not prohibited by this Indenture;

   

  (18)     any issuance or disposition of Capital
      Stock in, or Indebtedness or other securities of, an Unrestricted Subsidiary;

   

  (19)     sales, transfers or other dispositions of
      Investments in joint ventures or similar entities to the extent required by, or made pursuant to customary buy/sell arrangements between, the parties set forth in joint venture arrangements and similar binding arrangements;

   

  
    -4-

    
        

  

   

  (20)     any surrender or waiver of contract rights
      or the settlement, release, recovery on or surrender of contract, tort, litigation or other claims of any kind;

   

  (21)      (i) dispositions of property to the
      extent that such property is exchanged for credit against the purchase price of similar replacement property that is promptly purchased, (ii) dispositions of property to the extent that the proceeds of such disposition are promptly applied to the
      purchase price of such replacement property (which replacement property is actually promptly purchased) and (iii) any exchange of like property on a tax-free basis pursuant to Section 1031 of the Code for use in a Similar Business;

   

  (22)      foreclosure, condemnation, expropriation,
      forced disposition or any similar action with respect to any property or other assets;

   

  (23)     dispositions of non-core assets, in each
      case acquired in any acquisition or other Investment not prohibited by this Indenture, including such dispositions (x) made in order to obtain the approval of any antitrust authority or otherwise necessary or advisable in the good faith determination
      of the Company to consummate any acquisition or other Investment not prohibited by this Indenture or (y) which are being held for sale and not for the continued operation of the Company or any of the Restricted Subsidiaries or any of their respective
      businesses;

   

  (24)      any disposition of (i) non-revenue
      producing assets to a Person who is providing services related to such assets, the provision of which have been or are to be outsourced by the Company or any Restricted Subsidiary to such Person, (ii) de minimis amounts of equipment provided to
      employees of the Company or any Subsidiary or (iii) samples, including time-limited evaluation software, provided to customer or prospective customers;

   

  (25)      transfers of property or assets subject
      to Casualty Events upon receipt of the net proceeds of such Casualty Event; provided that any Cash Equivalents received by the Company or any of its Restricted Subsidiaries in respect of such Casualty Event shall be deemed to be Net Available
      Cash of an Asset Disposition, and such Net Available Cash shall be applied in accordance with Section 4.16;

   

  (26)      any sale of property or assets, if the
      acquisition of such property or assets was financed with Excluded Contributions and the proceeds of such sale are used to make a Restricted Payment pursuant to clause (18)(b) of Section 4.08(b);

   

  (27)      dispositions constituting any part of a
      Permitted Reorganization;

   

  (28)      the settlement or early termination of
      any Permitted Bond Hedge or Permitted Warrant;

   

  (29)      any disposition to effect the
      Transactions;

   

  (30)      any Permitted Asset Swap; and

   

  (31)      other dispositions in an amount not to
      exceed the greater of (x) $105.0 million and (y) 35.0% of Consolidated EBITDA.

   

  In the event that a transaction (or any portion thereof)
      meets the criteria of a permitted Asset Disposition and would also be a permitted Restricted Payment or Permitted Investment, the Issuer, in its sole discretion, will be entitled to divide and classify such transaction (or a portion thereof) as an
      Asset Disposition and/or one or more of the types of permitted Restricted Payments or Permitted Investments.

   

  
    -5-

    
        

  

   

  “Attributable Indebtedness” in respect of a
      Sale/Leaseback Transaction means, as at the time of determination, the present value (discounted at the interest rate implicit in the transaction) of the total obligations of the lessee for rental payments during the remaining term of the lease
      included in such Sale/Leaseback Transaction (including any period for which such lease has been extended), determined in accordance with GAAP; provided, however, that if such Sale/Leaseback Transaction results in a Capitalized Lease
      Obligation, the amount of Indebtedness represented thereby will be determined in accordance with the definition of “Capitalized Lease Obligations.”

   

  “Average Life” means, as of the date of
      determination, with respect to any Indebtedness or Preferred Stock, the quotient obtained by dividing: (1) the sum of the products obtained by multiplying (a) the amount of each successive scheduled principal payment of such
      Indebtedness or redemption or similar payment with respect to such Preferred Stock by (b) the number of years (calculated to the nearest one-twelfth) from the date of determination to the date of such payment; by (2) the sum of the amounts of all
      such payments.

   

  “Bankruptcy Law” means Title 11, U.S. Code, as
      amended, or any similar federal, state or foreign law for the relief of debtors.

   

  “beneficial ownership” has the meaning assigned to
      such term in Rule 13d-3 and Rule 13d-5 under the Exchange Act as in effect on the Issue Date, and “beneficial owner” has a corresponding meaning.

   

  “Board of Directors” means:

   

  (1)           with respect to a corporation, the
      board of directors or managers of the corporation or (other than for purposes of determining Change of Control) any duly authorized committee of the Board of Directors;

   

  (2)        with respect to a partnership, the board
      of directors or other governing body of the general partner of the partnership or any duly authorized committee thereof; and

   

  (3)        with respect to a limited liability
      company, the managing member or members or any duly authorized controlling committee thereof; and

   

  (4)        with respect to any other Person, the
      board or committee of such Person serving a similar function.

   

  Whenever any provision requires any action or
      determination to be made by, or any approval of, a Board of Directors, such action, determination or approval shall be deemed to have been taken or made if approved by a majority of the directors on any such Board of Directors, committee or governing
      body or members (whether or not such action or approval is taken as part of a formal board meeting or as a formal board approval). Unless the context requires otherwise, Board of Directors means the Board of Directors of the Issuer, the Company or
      any Parent Entity.

   

  “Business Day” means each day that is not a
      Saturday, Sunday or other day on which banking institutions in New York, New York or the location of the Corporate Trust Office of the Trustee are authorized or required by law to close.

   

  “Capital Stock” of any Person means any and all
      shares, interests, rights to purchase, warrants, options (including any Permitted Bond Hedge), participations or other equivalents of or interests in (however designated) equity of such Person, including any Preferred Stock and limited liability or
      partnership interests (whether general or limited), but excluding any debt securities convertible or exchangeable into such equity.

   

  
    -6-

    
        

  

   

  “Capitalized 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, for the purposes of this Indenture, the amount of such obligations at any time shall be the capitalized amount thereof at such time determined in accordance with GAAP; provided
      that, all obligations of the Company and its Restricted Subsidiaries that are or would be characterized as an operating lease as determined in accordance with GAAP as in effect prior to December 15, 2018 (whether or not such operating lease was in
      effect on such date) shall continue to be accounted for as an operating lease (and not as a Capitalized Lease Obligation) for purposes of this Indenture regardless of any change in GAAP on and following December 15, 2018 (in each case, that would
      otherwise require such obligation to be re-characterized as a Capitalized Lease Obligation).

   

  “Cash Equivalents” means:

   

  (1)        marketable direct obligations issued by,
      or unconditionally guaranteed by, the U.S. government or issued by any agency thereof and backed by the full faith and credit of the United States, in each case maturing within one year from the date of acquisition;

   

  (2)        certificates of deposit, time deposits,
      eurodollar time deposits or overnight bank deposits having maturities of one year or less from the date of acquisition issued by any lender or by any commercial bank organized under the laws of the United States or any state thereof or any United
      States branch of a foreign bank, in each case having combined capital and surplus of not less than $500,000,000;

   

  (3)        commercial paper of an issuer rated at
      least A-2 by S&P, P-2 by Moody’s or F2 by Fitch, or carrying an equivalent rating by a nationally recognized rating agency, if all of the three named rating agencies cease publishing ratings of commercial paper issuers generally, and maturing
      within one year from the date of acquisition;

   

  (4)        repurchase obligations of any lender or
      of any commercial bank satisfying the requirements of clause (b) of this definition, having a term of not more than 30 days, with respect to securities issued or fully guaranteed or insured by the U.S. government;

   

  (5)        securities with maturities of one year
      or less from the date of acquisition issued or fully guaranteed by any state, commonwealth or territory of the United States, by any political subdivision or taxing authority of any such state, commonwealth or territory or by any foreign government,
      the securities of which state, commonwealth, territory, political subdivision, taxing authority or foreign government (as the case may be) are rated (i) in the case of any such state, commonwealth, territory, political subdivision or taxing
      authority, at least A by S&P, A by Moody’s or A by Fitch or (ii) in the case of a foreign government, at least BBB- by S&P, Baa3 by Moody’s or BBB- by Fitch;

   

  (6)        securities with maturities of one year
      or less from the date of acquisition backed by standby letters of credit issued by any lender or any commercial bank satisfying the requirements of clause (b) of this definition;

   

  
    -7-

    
        

  

   

  (7)        shares of money market mutual or similar
      funds which invest exclusively in assets satisfying the requirements of clauses (1) through (6) of this definition;

   

  (8)        money market funds that (i) comply with
      the criteria set forth in SEC Rule 2a-7 under the Investment Company Act of 1940, as amended, (ii) are rated AAA or Aaa, as applicable, by any two of S&P, Moody’s and Fitch and (iii) have portfolio assets of at least $5,000,000,000;

   

  (9)        debt securities and marketable corporate
      securities of an issuer rated at least A-3 by S&P and P-3 by Moody’s for short-term ratings and A- by S&P and A3 by Moody’s for long-term ratings, or carrying an equivalent rating by a nationally recognized rating agency, with original
      maturities between 91 days and two years, in accordance with the Company’s approved and disclosed investment policy for cash management of the Company (excluding cash and cash equivalents that are “restricted” (in accordance with GAAP) on the
      consolidated balance sheet of the Company and its Subsidiaries); or

   

  (10)      solely in respect of the ordinary course
      cash management activities of Foreign Subsidiaries, equivalents of the investments described in clauses (1) through (9) above denominated in foreign currencies and used by the Company for cash management purposes in the ordinary course of business
      consistent with past practice to the extent guaranteed, issued, accepted or offered by (x) any country in which such Foreign Subsidiary operates or is organized or (y) any commercial bank organized under the laws of the jurisdiction in which such
      Foreign Subsidiary operates or is organized, as applicable, in each case without regard to any minimum rating or capital requirement specified in clauses (1) through (9) above.

   

  For the avoidance of doubt, any items identified as Cash
      Equivalents under this definition will be deemed to be Cash Equivalents for all purposes under this Indenture regardless of the treatment of such items under GAAP.

   

  “Cash Management Obligations” means any obligation
      of the Company or any of its Restricted Subsidiaries in respect of (i) cash netting, overdrafts and related liabilities that arise from treasury, depositary or cash pooling or management services including in connection with any automated clearing
      house transfers of funds or any similar transactions including in connection with deposit accounts, (ii) credit, debit, travel and expense, corporate purchasing and/or other purchasing cards issued to or for the benefit or account of the Company or
      any of its Restricted Subsidiaries or their respective employees and (iii) obligations in respect of any other services related, ancillary or complementary to the foregoing.

   

  “Cash Pooling Agreement” means (a) any agreement
      by and among Company and/or any of its Restricted Subsidiaries, on the one hand, and one or more banks or similar financing institutions, on the other hand, together with any documents evidencing or governing any obligations relating thereto
      (including any guarantee agreements and security documents contemplated by or customary in connection with cash pooling agreements) or (b) any other cash pooling arrangement or agreement of the Company and/or any of its Restricted Subsidiaries in
      effect on the Issue Date, in each case as such agreements may be amended (including any amendment and restatement thereof), supplemented or otherwise modified from time to time, including any agreement extending the maturity of, refinancing,
      replacing or otherwise restructuring, in whole or in part, obligations (or adding Restricted Subsidiaries as additional parties or other Restricted Subsidiaries as guarantors thereunder) under any such agreement or any successor or replacement
      agreement and whether by the same or any other bank or similar financing institution or group of banks or similar financing institutions; provided that any such amendment, restatement, supplement or modification, extension, refinancing,
      replacement or other agreement is limited to the provision of a cash management system or systems for the Foreign Subsidiaries of the Company and will not create any Indebtedness, or Lien on the property, of the Company or any of its Restricted
      Subsidiaries for any other purpose. The Cash Pooling Agreements provide a cash management system for Restricted Subsidiaries of the Company, and obligations of Subsidiaries thereunder may be guaranteed by the Company and its Restricted Subsidiaries.

   

  
    -8-

    
        

  

   

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

   

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

   

  “Change of Control” means:

   

  (1)        prior to the consummation of the
      Distribution, 3M ceases to own, directly or indirectly, 100% of the Capital Stock of the Issuer;

   

  (2)        any “person” or “group” of related
      persons (as such terms are used in Sections 13(d) and 14(d) of the Exchange Act as in effect on the Issue Date), other than one or more Permitted Holders, becomes the beneficial owner (as defined in Rules 13d-3 and 13d-5 under the Exchange Act as in
      effect on the Issue Date), directly or indirectly, in a single transaction or, 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 as in effect on the Issue Date) of more than 50% of the total voting power of the Voting Stock of the Company or any Parent Entity (or their successors by merger, consolidation or purchase of all or substantially all of their
      assets);

   

  (3)        the sale, assignment, conveyance,
      transfer, lease or other disposition (other than by way of merger or consolidation), in one or a series of related transactions, of all or substantially all of the assets of the Company and its Restricted Subsidiaries taken as a whole to any “person”
      (as such term is used in Sections 13(d) and 14(d) of the Exchange Act as in effect on the Issue Date) other than to the Company or any of its Restricted Subsidiaries; or

   

  (4)        the adoption by the stockholders of the
      Company of a plan or proposal for the liquidation or dissolution of the Company.

   

  For the avoidance of doubt, for purposes of clause (2),
      (i) a merger or consolidation of a Subsidiary of the Company into another Subsidiary of the Company or (ii) a sale of a Subsidiary of the Company to another Person in a transaction permitted pursuant to the terms of this Indenture will not be deemed
      to be a Change of Control.

   

  Notwithstanding the preceding or any provision of Rule
      13d-3 or 13d-5 of the Exchange Act, (i) a Person or group shall not be deemed to beneficially own Voting Stock subject to an equity or asset purchase agreement, merger agreement, option agreement, warrant agreement or similar agreement (or voting or
      option or similar agreement related thereto) until the consummation of the acquisition of the Voting Stock in connection with the transactions contemplated by such agreement, (ii) a Person or group will not be deemed to beneficially own the Voting
      Stock of another Person as a result of its ownership of Voting Stock or other securities of such other Person’s parent entity (or related contractual rights) unless it owns 50% or more of the total voting power of the Voting Stock ordinarily entitled
      to vote for the election of directors of such parent entity having a majority of the aggregate votes on the Board of Directors of such parent entity and (iii) the right to acquire Voting Stock (so long as such Person does not have the right to direct
      the voting of the Voting Stock subject to such right) or any veto power in connection with the acquisition or disposition of Voting Stock will not cause a party to be a beneficial owner.

   

  
    -9-

    
        

  

   

  Notwithstanding the foregoing, the consummation of any of
      the Transactions shall not give rise to a Change of Control.

   

  “Change of Control Triggering Event” means the
      occurrence of a Change of Control that is accompanied or followed by a downgrade of the Notes within the Ratings Decline Period for such Change of Control by at least two of three Rating Agencies and, in each case, the rating of the Notes by the
      applicable Rating Agency on any day during such Ratings Decline Period is below the lower of the rating by such Rating Agency in effect by one or more gradations (including gradations within rating categories as well as between rating categories) (a)
      immediately preceding the first public announcement of the Change of Control (or occurrence thereof if such Change of Control occurs prior to public announcement) and (b) on the Issue Date. In determining whether the rating of the Notes has decreased
      by one or more gradations, gradations within rating categories, namely + or - for Fitch, + or - for S&P and 1, 2, and 3 for Moody’s, and will be taken into account; for example, in the case of S&P, a rating decline either from BB+ to BB or
      BB- to B+ will constitute a decrease of one gradation.

   

  “Charge” means any charge, fee, expense,
      expenditure, cost, loss, adjustment, accrual or reserve or any other deduction included in the calculation of Consolidated Net Income.

   

  “Clean-Up Spin-Off” means the distribution by 3M
      following the consummation of the Equity Exchange Offer, if the Equity Exchange Offer is not fully subscribed, of the remaining shares of the Issuer common stock owned by 3M on a pro rata basis to 3M stockholders whose shares of 3M common stock
      remain outstanding after consummation of the Equity Exchange Offer.

   

  “Closing” refers to the closing of the Merger.

   

  “Closing Date” refers to the date on which the
      Closing actually occurs.

   

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

   

  “Commodity Agreement” means, with respect to any
      Person, any commodity future or forward, swap or option, cap or collar or other similar agreement or arrangement as to which such Person is a party or beneficiary.

   

  “Common Stock” means with respect to any Person,
      any and all shares, interests or other participations in, and other equivalents (however designated and whether voting or nonvoting) of such Person’s common stock, whether or not outstanding on the Issue Date, and includes, without limitation, all
      series and classes of such common stock.

   

  “Company” means Neogen Corporation, a Michigan
      corporation, or any successor obligor to its obligations under this Indenture pursuant to Article 5.

   

  “Consolidated Coverage Ratio” means as of any date
      of determination, with respect to any Person, the ratio of (x) the aggregate amount of Consolidated EBITDA of such Person for the Test Period to (y) Consolidated Interest Expense for the Test Period. In the event that the Company or any of its
      Restricted Subsidiaries Incurs, assumes, guarantees, redeems, retires or extinguishes any Indebtedness or issues or redeems Disqualified Stock or Preferred Stock subsequent to the commencement of the applicable Test Period but prior to or
      simultaneously with the event for which the calculation of the Consolidated Coverage Ratio is made, then the Consolidated Coverage Ratio shall be calculated on a pro forma basis for such Incurrence, assumption, guarantee, redemption,
      retirement or extinguishment of Indebtedness, or such issuance or redemption of Disqualified Stock or Preferred Stock, as if the same had occurred at the beginning of the applicable Test Period.

   

  
    -10-

    
        

  

   

  “Consolidated EBITDA” means, with respect to any
      Person for any period, Consolidated Net Income of such Persons for such period, plus:

   

  (1)        without duplication and, to the extent
      deducted (and not added back) (or, in the case of clauses (m)(ii), (s) and (ee), to the extent not included) in calculating Consolidated Net Income for such period, the sum of:

   

  (a)        income tax expense;

   

  (b)       interest expense, amortization or writeoff
      of debt discount and debt issuance costs and commissions, discounts and other fees, Charges and expenses associated with Indebtedness (including with respect to the Notes and the Senior Secured Credit Facilities);

   

  (c)       depreciation and amortization expense and
      impairment Charges;

   

  (d)       transaction fees, costs and expenses and
      other Charges incurred in connection with the consummation of the Transactions, the initial funding of the Senior Secured Credit Facilities and the issuance of the Notes and the consummation of the transactions contemplated hereunder on the Closing
      Date (including, if applicable, transaction bonuses, option exercise expense, warrant exercise expense, prepayment fees and other similar fees), including transaction expenses that are paid following the Closing Date;

   

  (e)       transaction fees, costs and expenses and
      other charges (i) incurred in connection with acquisitions, Investments, dispositions, equity issuances, capital expenditures, prepayments of debt, reorganizations, changes to organizational documents, software, product and/or intellectual property
      development and/or any other transactions not prohibited by this Indenture (or the consummation of which would be conditioned on the amendment or refinancing of this Indenture) (whether successful or not), (ii) arising out of customer disputes and/or
      (iii) relating to the development or acquisition of distribution networks or sales channels;

   

  (f)        extraordinary, unusual or non-recurring
      Charges;

   

  (g)       all non-cash Charges (including, without
      limitation, (i) non-cash Charges related to customer acquisition cost amortization and (ii) non-cash Charges deducted as a result of any grant of stock or stock equivalents and other equity-based non-cash compensation expense) (in each case other
      than (x) any non-cash Charge representing an accrual for a cash payment to be made in a future period and (y) any non-cash Charge relating to write-offs, write-downs or reserves with respect to accounts receivable in the normal course or inventory);

   

  (h)       fees, costs and expenses that have been or,
      without duplication, are required to be reimbursed by third parties (pursuant to indemnity or otherwise) (including, without limitation, expenses incurred with respect to liability or casualty events or business interruption that are covered by
      insurance);

   

  (i)        directors’ fees, expense reimbursement
      payments and indemnification paid to (or for the benefit of) directors, in each case, to the extent permitted to be paid pursuant to this Indenture;

   

  
    -11-

    
        

  

   

  (j)        Charges resulting from the application of
      purchase accounting, recapitalization accounting or other similar acquisition accounting (including with respect to inventory, property and equipment, goodwill, intangible assets, deferred revenue, earn-out obligations and debt line items) in
      connection with the Transactions, any acquisition, permitted Investment or disposition;

   

  (k)       fees, costs and expenses incurred under
      this Indenture or the Senior Secured Credit Facilities (including in connection with any amendment or other modification (or proposed amendment or modification) thereto) and fees, costs and expenses paid to any agent, lender, trustee or any other
      party under this Indenture or the Senior Secured Credit Facilities;

   

  (l)        debt discount, debt issuance costs,
      prepayment expense and other Charges incurred in connection with the issuance of Indebtedness or other obligations or the amendment, prepayment or retirement of existing Indebtedness or other obligations (including any premiums or other expenses paid
      in connection with the early termination of an operating lease or other contractual obligation);

   

  (m)       (i) Charges incurred with respect to
      liability or casualty events or business interruption and (ii) without duplication, cash proceeds of indemnities, business interruption or similar policies of insurance received or reasonably anticipated to be received by the Company or any of its
      Subsidiaries to the extent not already included in Consolidated Net Income;

   

  (n)       any Charge attributable to any carveout,
      integration and new product initiatives;

   

  (o)       any Charge attributable to business
      optimization activities, cost savings initiatives, cost rationalization programs, operating expense reductions and/or cost synergies; provided that the aggregate amount added back to Consolidated EBITDA in any four-fiscal quarter period
      pursuant to this clause (o) (together with the aggregate amount added back pursuant to clause (s)(ii) below for such four-fiscal quarter period with respect to transactions occurring after the Closing Date (other than any addbacks consistent with
      Regulation S-X of the Securities Act)) shall not exceed 25% of Consolidated EBITDA (calculated after giving effect to any such addbacks and all other permitted addbacks and adjustments);

   

  (p)       any Charge attributable to severance,
      signing and retention bonuses, recruiting and relocation Charges, other one-time compensation Charges, Charges in connection with facilities openings, pre-openings, closings, reconfigurations and/or consolidations;

   

  (q)       Charges attributable to contract
      terminations, and systems and infrastructure costs;

   

  (r)        any Charge attributable to the undertaking
      or implementation of restructurings (including any tax restructuring);

   

  
    -12-

    
        

  

   

  (s)       the amount of (i) pro forma “run
      rate” cost savings, operating expense reductions, other operating improvements and cost synergies related to the Transactions that are projected by the Company in good faith to result from actions that have been taken or with respect to which
      substantial steps have been taken or are expected to be taken within 24 months after the Closing Date, and (ii) pro forma “run rate” cost savings, operating expense reductions, other operational improvements and cost synergies related to any
      acquisitions or other investments, dispositions and other similar transactions (including, for the avoidance of doubt, acquisitions occurring prior to the Closing Date), restructurings, cost savings initiatives, cost reduction programs and other
      operational changes or initiatives (including new product initiatives), that are projected by the Company in good faith to result from actions that have been taken or with respect to which substantial steps have been taken or are expected to be taken
      within 24 months after such acquisition or other investment, disposition or other similar transaction, restructuring, cost savings initiative, cost reduction program or other operational change or initiative, in each case, net of any cost savings,
      operating expense reductions, other operational improvements and any synergies actually realized during such period (which adjustments shall continue to be included in Consolidated EBITDA for all applicable subsequent measurement periods)(such cost
      savings, the “Expected Cost Savings”); provided that the aggregate amount added back to Consolidated EBITDA in such four-fiscal quarter period pursuant to this clause (s)(ii) with respect to transactions occurring after the Closing
      Date (other than any addbacks consistent with Regulation S-X of the Securities Act), together with the aggregate amount added back to Consolidated EBITDA in any four-fiscal quarter period pursuant to clause (o), shall not exceed 25% of Consolidated
      EBITDA (calculated after giving effect to any such addback and all other permitted addbacks and adjustments);

   

  (t)        consulting fees in an aggregate amount for
      any four-fiscal quarter period not to exceed $7.5 million (for the avoidance of doubt, such limitation shall not limit any other addbacks otherwise permitted under this definition);

   

  (u)       fees paid to ratings agencies;

   

  (v)       Charges from (or incurred in connection
      with) discontinued operations, divested joint ventures and other divested investments;

   

  (w)       fees, costs and expenses incurred, and cash
      payments made, in connection with the settlement of any litigation or claim involving the Company or any of its Subsidiaries;

   

  (x)        fees, costs, expenses and settlements
      incurred in connection with taxes;

   

  (y)       any gain (which shall be deducted from
      Consolidated EBITDA) or loss resulting in such period from non-speculative hedging transaction gains or losses;

   

  (z)        (A) any gain (which shall be deducted from
      Consolidated EBITDA) or loss resulting in such period from currency translation or non-speculative foreign currency transaction or translation gains or losses or (B) any foreign currency-related gain or loss related to any intercompany transactions
      or loans;

   

  (aa)     any Charge incidental to the Company’s (or
      any Parent Entity’s) status as a reporting company, including compliance costs, accounting fees, reporting fees, listing fees and other public company costs (“Public Company Costs”);

   

  (bb)     Charges resulting from the convergence of
      accounting principles and methodologies;

   

  (cc)     the excess of GAAP rent expenses over actual
      cash rent expenses paid during such period due to the use of straight line rent expenses for GAAP purposes;

   

  (dd)     all taxes payable or reasonably estimated to
      be payable (including pursuant to a tax sharing arrangement or a tax distribution);

   

  
    -13-

    
        

  

   

  (ee)     without duplication, any other addbacks or
      adjustments reflected in any of the categories and/or of the types reflected in any quality of earnings report for the Company and/or any of its Subsidiaries (or any target entity) (whether delivered in connection with the Transactions or, subject to
      the proviso in clause (s)(ii) with respect to the addbacks or adjustments referred to therein, any transaction proposed to be consummated following the Closing Date);

   

  (ff)       Charges relating to customary earnouts and
      similar obligations to the extent constituting Indebtedness;

   

  (gg)     fees and the amount of loss or discount on
      the sale of accounts receivables and related assets in connection with a Receivables Financing Transaction;

   

  (hh)     the amount of any cash actually received by
      such Person (or the amount of the benefit of any netting arrangement resulting in reduced cash expenditures) during such period, and not included in Consolidated Net Income in any period, to the extent that any non-cash gain relating to such cash
      receipt or netting arrangement was deducted in the calculation of Consolidated EBITDA for any previous period and not added back;

   

  (ii)       without duplication, any other
      adjustments, exclusions and add-backs included in the definition of “Consolidated EBITDA” under the Senior Secured Credit Facilities (as such term is defined on the Issue Date); and

   

  (jj)       adjustments of the nature or type used in
      connection with the calculation of “Pro Forma Adjusted EBITDA” as set forth in footnote 3 of “Summary—Summary Historical and Pro Forma Financial Information—Summary Unaudited Pro Forma Consolidated Financial Information of Neogen” contained in
      the Offering Memorandum; and

   

  (2)       decreased, without duplication, to the extent
      taken into account in calculating Consolidated Net Income for such period, the sum of (a) interest income (to the extent not deducted in determining interest expense for such period) and (b) any non-cash income.

   

  “Consolidated Interest Expense” means, for any
      period, total cash interest expense of the Company and its Restricted Subsidiaries for such period determined in accordance with GAAP (excluding, to the extent otherwise included in such interest expense, (i) the amortization of original issue
      discount resulting from the issuance of Indebtedness at less than par, (ii) amortization of deferred financing costs, debt issuance costs, commissions, fees and expenses, (iii) any expenses relating to the modification of Indebtedness, (iv) any
      expenses resulting from discounting of Indebtedness in connection with the application of recapitalization accounting or purchase accounting, (v) penalties or interest related to taxes and any other amounts of non-cash interest resulting from the
      effects of acquisition method accounting or pushdown accounting, (vi) the accretion or accrual of, or accrued interest on, discounted liabilities (other than Indebtedness) during such period, (vii) interest expense attributable to the movement of the
      mark-to-market valuation of obligations under hedging agreements or other derivative instruments pursuant to FASB Accounting Standards Codification No. 815-Derivatives and Hedging, (viii) costs associated with incurring or terminating Hedging
      Obligations (including costs associated with breakage in respect of hedging for interest rates), (ix) any payments with respect to make whole premiums or other breakage costs of any indebtedness, (x) “additional interest” owing pursuant to a
      registration rights agreement with respect to any securities, (xi) all non-recurring interest expense consisting of liquidated damages for failure to timely comply with registration rights obligations, all as calculated on a consolidated basis in
      accordance with GAAP, (xii) expensing of bridge, arrangement, structuring, commitment or other financing fees, (xiii) commissions, discounts, yield, prepayment premiums or penalties (including any make-whole premiums), and other fees and charges
      (including any interest expense) incurred in connection with any indebtedness that is non-recourse to the Company and its Subsidiaries, (xiv)[Reserved], (xv) any interest expense attributable to the exercise of appraisal rights and the settlement of
      any claims or actions (whether actual, contingent or potential) with respect thereto in connection with the Transactions, any acquisition or investment, (xvi) annual agency fees paid to any administrative agents and collateral agents or trustees (or
      similar agents) with respect to any secured or unsecured loans, debt facilities, debentures, bonds, commercial paper facilities or other forms of Indebtedness (including any security or collateral trust arrangements related thereto), including the
      Notes, (xvii) any writeoff of unamortized debt issuance costs upon any prepayment of any Indebtedness, (xviii) fees and expenses associated with any investment permitted pursuant to this Indenture or any issuance of capital stock or Indebtedness
      permitted thereunder (or the consummation of which would be conditioned on the amendment or refinancing of this Indenture) (whether or not consummated), (xix) any fees, including upfront fees, and any other fees and expenses associated or paid in
      connection with the Senior Secured Credit Facilities, this Indenture, the Notes and the Note Guarantees or the consummation of the Transactions and (xx) any capitalized interest).

   

  
    -14-

    
        

  

   

  “Consolidated Net Income” means, for any period,
      the consolidated net income (loss) of the Company and its Restricted Subsidiaries determined on a consolidated basis in accordance with GAAP; provided that there shall be excluded, without duplication:

   

  (1)        [Reserved];

   

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

   

  (3)        solely for the purpose of determining the
      amount available for Restricted Payments under clause (C)(i) of Section 4.08(a), the undistributed earnings of any Restricted Subsidiary of the Company (other than a Guarantor) to the extent that the declaration or payment of dividends or similar
      distributions by such Restricted Subsidiary is not at the time permitted by the terms of any contractual obligation (other than under this Indenture or the Senior Secured Credit Facilities) or requirement of law applicable to such Restricted
      Subsidiary;

   

  (4)        any goodwill or other asset impairment
      charges, write-offs or write-downs or amortization of intangibles;

   

  (5)        any gain or charge attributable to any Asset
      Disposition (including asset retirement costs or sales or issuances of Capital Stock) outside the ordinary course of business (as determined in good faith by such Person);

   

  (6)        (i) any unrealized or realized net foreign
      currency transactional gains or charges impacting net income (including currency re-measurements of Indebtedness, any net gains or charges resulting from Hedging Obligations for currency exchange risk associated with the above or any other currency
      related risk, any transactional gains or charges relating to assets and liabilities denominated in a currency other than a functional currency and those resulting from intercompany Indebtedness), (ii) any realized or unrealized gain or charge in
      respect of (x) any obligation under any Hedging Obligations as determined in accordance with GAAP and/or (y) any other derivative instrument pursuant to, in the case of this clause (y), Financial Accounting Standards Board’s Accounting Standards
      Codification No. 815-Derivatives and Hedging and (iii) unrealized gains or losses in respect of any Hedging Obligations;

   

  
    -15-

    
        

  

   

  (7)        any net income or charge (less all fees and
      expenses related thereto) attributable to (i) the early extinguishment or cancellation of Indebtedness or (ii) any derivative transaction under a Hedging Obligation;

   

  (8)        non-cash expenses resulting from any employee
      benefit or management compensation plan or grant of stock and stock options or other equity and equity-based interests to future, existing or former directors, officers, employees, contractors, consultants or advisors (or their respective Immediate
      Family Members) of the Company or any Restricted Subsidiary or Parent Entity pursuant to a written plan or agreement (including expenses arising from the grant of stock and stock options prior to the Closing Date) or the treatment of such options or
      other equity and equity-based interests under variable plan accounting;

   

  (9)        [Reserved];

   

  (10)         any (i) write-off or amortization made in
      such period of deferred financing costs and premiums paid or other expenses incurred directly in connection with any early extinguishment of Indebtedness, (ii) amortization of intangible assets and (iii) other amortization (including amortization of
      goodwill, software, deferred or capitalized financing fees, debt issuance costs, commissions and expenses and other intangible assets);

   

  (11)      fees, costs and expenses incurred, or
      amortization thereof, in connection with, to the extent permitted hereunder, any Investment, any issuance of debt or equity, any Asset Disposition, any casualty event or any amendments or waivers of this Indenture or the documents governing the
      Senior Secured Credit Facilities, and refinancing, refunding, renewals or extensions permitted hereunder in connection therewith, in each case, whether or not consummated;

   

  (12)      non-cash compensation charges and/or any other
      non-cash charges arising from the granting of any stock, stock option or similar arrangement (including any profits interest) or the granting of any restricted stock, stock appreciation right and/or similar arrangement (including any repricing,
      amendment, modification, substitution or change of any such stock option, restricted stock, stock appreciation right, profits interest or similar arrangement or the vesting of any warrant);

   

  (13)      the effects of adjustments (including the
      effects of such adjustments pushed down to the Company and its Restricted Subsidiaries) in component amounts required or permitted by GAAP (including, without limitation, in the inventory (including any impact of changes to inventory valuation policy
      methods, including changes in capitalization of variances), property and equipment, lease, rights fee arrangements, software, goodwill, intangible asset (including customer molds), in-process research and development, deferred revenue, advanced
      billing and debt line items thereof), resulting from the application of recapitalization accounting or acquisition or purchase accounting, as the case may be, in relation to the Notes or the Senior Secured Credit Facilities or any consummated
      acquisition or similar Investment or the amortization or write-off of any amounts thereof (including any write-off of in process research and development);

   

  (14)      (a) at the election of the Company with respect
      to any quarterly period, the cumulative effect (including charges, accruals, expenses and reserves) of a change in law, regulation or accounting principles and changes as a result of the adoption, implementation or modification of accounting
      policies, including the cumulative effect of a change in accounting principles and changes as a result of the adoption or modification of accounting policies during such period (including any impact resulting from an election by the Company to apply
      IFRS or other Accounting Changes) and (b) any costs, charges, losses, fees or expenses in connection with the implementation or tracking of such changes or modifications specified in the foregoing clause (a), as reasonably determined by the Company;

   

  
    -16-

    
        

  

   

  (15)      (a) accruals and reserves, contingent
      liabilities and any non-cash gains or losses on the settlement of any pre-existing contractual or non-contractual relationships that are established or adjusted as a result of changes as a result of the adoption or modification of accounting policies
      during such period and (b) accruals, reserves and other Charges that are established or adjusted, in each case within 24 months of the subject transaction, as a result of the Transactions or any acquisition, investment, asset disposition, write down
      or write off (including the related tax benefit) in accordance with GAAP;

   

  (16)      income or expense related to changes in the
      fair value of contingent liability in connection with earn-out obligations and similar liabilities in connection with any acquisition or Investments permitted under this Indenture; and

   

  (17)      any extraordinary, exceptional, unusual or
      nonrecurring gains or losses.

   

  In addition, to the extent not already included in
      Consolidated Net Income, Consolidated Net Income shall include (i) the amount of proceeds received or, so long as such Person has made a determination that there exists reasonable evidence that such amount will in fact be reimbursed by the insurer or
      indemnifying party and only to the extent that such amount is in fact reimbursed within 365 days of the date of the insurable or indemnifiable event (net of any amount so added back in any prior period to the extent not so reimbursed within the
      applicable 365-day period), due from liability, casualty or business interruption insurance, 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 under this Indenture or any other expense or charge to the extent such other expense or charge is paid by a third party that is not a Restricted Subsidiary on behalf of the Issuer or a Restricted
      Subsidiary and (ii) the amount of any cash tax benefits related to the tax amortization of intangible assets in such period.

   

  “Consolidated Secured Debt” means, at any date of
      determination, (x) the aggregate principal amount of Consolidated Total Debt as of such date plus (y) the Reserved Indebtedness Amount as of such date, in each case, that is secured by a Lien.

   

  “Consolidated Total Debt” means, at any date of
      determination, the aggregate principal amount of debt of the Company and its Restricted Subsidiaries at such date in an amount that would be reflected on a balance sheet prepared as of such date on a consolidated basis in accordance with GAAP,
      consisting of (i) Indebtedness for borrowed money, (ii) obligations evidenced by notes, bonds (excluding surety bonds), debentures or similar instruments (other than an operating lease, synthetic lease or similar arrangement), (iii) purchase money
      indebtedness and (iv) Capitalized Lease Obligations. For the avoidance of doubt, Consolidated Total Debt shall exclude Indebtedness in respect of any Receivables Financing Transaction.

   

  “Contingent Obligation” means, with respect to any
      Person, any obligation of such Person guaranteeing any leases, dividends or other obligations that do not constitute Indebtedness (“primary obligations”) of any other Person (the “primary obligor”) in any manner, whether directly or
      indirectly, including, without limitation, any obligation of such Person, whether or not contingent, (1) to purchase any such primary obligation or any property constituting direct or indirect security therefor, (2) to advance or supply funds: (a)
      for the purchase or payment of any such primary obligation, or (b) to maintain working capital or equity capital of the primary obligor or otherwise to maintain the net worth or solvency of the primary obligor, or (3) to purchase property, securities
      or services primarily for the purpose of assuring the owner of any such primary obligation of the ability of the primary obligor to make payment of such primary obligation against loss in respect thereof.

   

  
    -17-

    
        

  

   

  “Convertible Notes” means Indebtedness of the
      Company that is convertible into Common Stock of the Company and/or cash based on the value of such Common Stock and/or Indebtedness of a Subsidiary of the Company that is exchangeable for Common Stock of the Company and/or cash based on the value of
      such Common Stock.

   

  “Corporate Trust Office of the Trustee” shall be
      at the address of the Trustee specified in Section 12.02, and for purposes of Agent services such office shall also mean the office or agency of the Trustee located initially at the same address, or such other address as to which the Trustee may give
      notice to the Holders and the Company.

   

  “Currency Agreement” means, with respect to any
      Person, any foreign exchange future or forward, swap or option, cap or collar or other similar agreement or arrangement as to which such Person is a party or a beneficiary.

   

  “Custodian” means the Trustee, as custodian with
      respect to the Notes in global form, or any successor entity thereto.

   

  “Debt Facility” means one or more debt facilities
      (including, without limitation, the Senior Secured Credit Facilities) or commercial paper facilities with banks or other commercial or institutional lenders or investors providing for revolving credit loans, term loans, receivables financing
      (including through the sale of receivables to such lenders or to special purpose entities formed to borrow from such lenders against such receivables) or letters of credit or issuances of debt securities evidenced by notes, debentures, bonds or
      similar instruments, in each case, as amended, restated, modified, renewed, refunded, replaced or refinanced (including by means of sales of debt securities) in whole or in part from time to time (and whether or not in one or multiple facilities,
      with the original administrative agent, lenders or trustee or another administrative agent or agents, other lenders or trustee, whether provided under the original Senior Secured Credit Facilities or any other credit or other agreement or indenture,
      and irrespective of any changes in the terms and conditions thereof, the borrower(s) thereunder or the guarantors thereof) and in each case including all agreements, instruments and documents executed and delivered pursuant to or in connection with
      the foregoing (including any notes and letters of credit issued pursuant thereto and any Guarantee and collateral agreement, patent and trademark security agreement, mortgages or letter of credit applications and other Guarantees, pledges,
      agreements, security agreements and collateral documents). For the avoidance of doubt, the term “Debt Facility” shall include any agreement or instrument (1) changing the maturity of any Indebtedness incurred thereunder or contemplated
      thereby, (2) adding Subsidiaries of the Company as additional borrowers or guarantors thereunder, (3) increasing the amount of Indebtedness incurred thereunder or available to be borrowed thereunder or (4) otherwise altering the terms and conditions
      thereof.

   

  “Default” means any event that is, or after notice
      or passage of time or both would be, an Event of Default.

   

  “Definitive Note” means a certificated Initial
      Note or Additional Note (bearing the Restricted Notes Legend if the transfer of such Note is restricted by applicable law) that does not include the Global Notes Legend.

   

  “Depositary” means, with respect to the Notes
      issuable or issued in whole or in part in global form, the Person specified in Section 2.03 as the Depositary with respect to the Notes, and any and all successors thereto appointed as Depositary hereunder and having become such pursuant to the
      applicable provision of this Indenture.

   

  
    -18-

    
        

  

   

  “Derivative Instrument” means, with respect to a
      Person, any contract, instrument or other right to receive payment or delivery of cash or other assets to which such Person or any Affiliate of such Person that is acting in concert with such Person in connection with such Person’s investment in the
      Notes (other than a Regulated Bank or Screened Affiliate) is a party (whether or not requiring further performance by such Person), the value and/or cash flows of which (or any material portion thereof) are materially affected by the value and/or
      performance of the Notes and/or the creditworthiness of the Company and/or any one or more of the Guarantors (the “Performance References”).

   

  “Designated Non-cash Consideration” means the
      non-cash consideration received by the Company or one of its Restricted Subsidiaries in connection with an Asset Disposition that is so designated as Designated Non-cash Consideration pursuant to an Officer’s Certificate setting forth the Fair Market
      Value thereof, together with the basis of such valuation, which designation may be made at or after the time of the applicable Asset Disposition. The Fair Market Value of any Designated Non-cash Consideration shall be deemed to be reduced by the
      amount of any cash or Cash Equivalents received in connection with a subsequent sale, redemption or payment of, on or with respect to such Designated Non-cash Consideration.

   

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

   

  (1)           matures or is mandatorily redeemable
      pursuant to a sinking fund obligation or otherwise;

   

  (2)           is convertible into or exchangeable for
      Indebtedness or Disqualified Stock (excluding Capital Stock which is convertible or exchangeable solely at the option of the Company or a Restricted Subsidiary (it being understood that upon such conversion or exchange it shall be an Incurrence of
      such Indebtedness or Disqualified Stock)); or

   

  (3)           is mandatorily redeemable or must be
      purchased at the option of the holder upon the occurrence of certain events or otherwise, in whole or in part,

   

  in each case on or prior to the date 91 days after the
      earlier of the final maturity date of the Notes or the date the Notes are no longer outstanding; provided, however, that only the portion of Capital Stock 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 will be deemed to be Disqualified Stock; provided, further, that any Capital Stock that would constitute Disqualified Stock solely because the
      holders thereof have the right to require the Company or its Restricted Subsidiaries to repurchase such Capital Stock upon the occurrence of a Change of Control or Asset Disposition (each defined in a substantially identical manner to the
      corresponding definitions in this Indenture) shall not constitute Disqualified Stock if the terms of such Capital Stock (and all such securities into which it is convertible or exchangeable or for which it is redeemable) provide that the Company or
      its Restricted Subsidiaries, as applicable, are not required to repurchase or redeem any such Capital Stock (and all such securities into which it is convertible or exchangeable or for which it is redeemable) pursuant to such provision prior to
      compliance by the Company with Section 4.15 and Section 4.16 and such repurchase or redemption complies with Section 4.08; and provided, further, that Capital Stock shall not constitute Disqualified Stock solely because it may be required to
      be repurchased by the Company or its Subsidiaries in order to satisfy applicable statutory or regulatory obligations.

   

  “Disregarded Entity” means any entity treated as
      disregarded as an entity separate from its owner under Treasury Regulations Section 301.7701-3.

   

  
    -19-

    
        

  

   

  “Distribution” means the distribution by 3M,
      pursuant to the Separation Agreement, of 100% of the Issuer’s common stock, whether by way of distributing all of the shares of the Issuer’s common stock to 3M’s stockholders without consideration on a pro rata basis or an Equity Exchange Offer (if
      necessary, followed by any Clean-Up Spin-Off).

   

  “Domestic Subsidiary” means any Restricted
      Subsidiary organized under the laws of the United States or any state thereof or the District of Columbia.

   

  “DTC” means The Depository Trust Company.

   

  “Electronic Means” shall mean the
      following communications methods: e-mail, facsimile transmission, secure electronic transmission containing applicable authorization codes, passwords and/or authentication keys, or another method or system specified by the Trustee as available for
      use in connection with its services hereunder.

   

  “Equity Exchange Offer” means an exchange offer
      whereby 3M offers to its stockholders the ability to exchange all or a portion of their shares of 3M common stock for shares of the Issuer’s common stock, which shares of the Issuer’s common stock will be immediately converted into the right to
      receive the Company’s common stock.

   

  “Equity Offering” means a private or public
      offering for cash by the Company of its Common Stock, or options, warrants or rights with respect to its Common Stock other than (1) public offerings with respect to the Company’s Common Stock, or options, warrants or rights, registered on Form S-4
      or S-8, (2) an issuance to any Subsidiary, (3) any offering of Common Stock issued in connection with a transaction that constitutes a Change of Control or (4) any such public or private sale that constitutes an Excluded Contribution.

   

  “Euro” and “€” means the single currency of
      participating member states of the economic and monetary union as contemplated in the Treaty on European Union as of the Issue Date.

   

  “Exchange” has the meaning set forth in the
      recitals hereto.

   

  “Exchange Act” means the Securities Exchange Act
      of 1934, as amended, and the rules and regulations of the SEC promulgated thereunder.

   

  “Excluded Contribution” means net cash proceeds or
      Fair Market Value of property or assets received by the Company as capital contributions to the equity (other than through the issuance of Disqualified Stock) of the Company after the Closing Date or from the issuance or sale (other than to a
      Restricted Subsidiary or an employee stock ownership plan or trust established by the Company or any Subsidiary of the Company for the benefit of their employees to the extent funded by the Company or any Restricted Subsidiary) of Capital Stock
      (other than Disqualified Stock) of the Company, in each case designated as an Excluded Contribution pursuant to an Officer’s Certificate. Excluded Contributions will be excluded from the calculation set forth in clause (C) of Section 4.08(a).

   

  “Excluded Subsidiary” means (i) any Foreign
      Subsidiary, (ii) any Receivables Entity, (iii) any Foreign Holding Company, (iv) any Domestic Subsidiary that is a Subsidiary of a CFC or a Foreign Holding Company, (v) any Subsidiary that is prohibited by applicable law existing at the Merger
      Effective Time or by contractual obligation existing at the Merger Effective Time or at the time of the formation or acquisition by the Company (or any of its Subsidiaries) of such Subsidiary (including pursuant to Indebtedness permitted to be
      incurred hereunder as assumed Indebtedness if the terms of such Indebtedness prohibit such Subsidiary from guaranteeing the Obligations) (so long as such contractual obligation is not entered into in contemplation of such formation or acquisition)
      from providing a guarantee for so long as such prohibition exists, or if such guarantee would require governmental (including regulatory) consent, approval, license or authorization (unless such consent, approval, license or authorization has been
      obtained, it being understood that the Company shall have no obligation to obtain any such consent, approval, license or authorization) and (vi) any Subsidiary that is a not-for-profit organization, broker dealer or captive insurance subsidiary; provided
      that, notwithstanding anything herein to the contrary, in no event shall the Issuer be an Excluded Subsidiary.

   

  
    -20-

    
        

  

   

  “Fair Market Value” means, with respect to any
      asset or liability, the fair market value of such asset or liability as determined by Senior Management in good faith.

   

  “Fitch” means Fitch Ratings Inc. and any successor
      to its rating agency business.

   

  “Foreign Holding Company” means any (i)
      Subsidiary, whose only material assets consist of cash, Cash Equivalents and/or the Capital Stock (including, for this purpose, any debt or other instrument treated as equity for U.S. federal income tax purposes (as determined by the Issuer)) of one
      or more Foreign Subsidiaries and/or intercompany loans, indebtedness or receivables owed by any one or more other Foreign Holding Companies, and (ii) Disregarded Entity, all or substantially all of the assets of which consist of the Capital Stock of
      one or more Subsidiaries described in part (i) of this definition.

   

  “Foreign Subsidiary” means any Restricted
      Subsidiary that is not a Domestic Subsidiary.

   

  “GAAP” means generally accepted accounting
      principles in the United States of America as in effect as from time to time; provided that, (a) the amount of any Indebtedness under GAAP with respect to Capitalized Lease Obligations shall be determined in accordance with the definition of
      “Capitalized Lease Obligation” and (b) any calculation or determination in this Indenture that requires the application of GAAP across multiple quarters need not be calculated or determined using the same accounting standard for each
      constituent quarter.

   

  At any time after the Closing Date, the Company may elect
      to apply IFRS accounting principles in lieu of GAAP and, upon any such election, references herein to GAAP shall thereafter be construed to mean IFRS (except as otherwise provided in this Indenture); provided that any such election, once
      made, shall be irrevocable; provided, further, that any calculation or determination in this Indenture that requires the application of GAAP for periods that include fiscal quarters ended prior to the Company’s election to apply IFRS
      shall remain as previously calculated or determined in accordance with GAAP. The Company shall give written notice of any such election made in accordance with this definition to the Trustee. For the avoidance of doubt, solely making an election
      (without any other action) referred to in this definition will not be treated as an incurrence of Indebtedness. All references to an accounting rule, regulation, standard, principal, term or measure, as applicable, in this Indenture (x) with respect
      to GAAP shall be deemed to refer to the equivalent rule, regulation, standard, principal, term or measure with respect to IFRS (if applicable) and (y) with respect to IFRS shall be deemed to refer to the equivalent rule, regulation, standard,
      principal, term or measure with respect to GAAP (if applicable).

   

  If the Company notifies the Trustee following the
      effectiveness of any applicable change in GAAP or IFRS, as applicable, and such change would cause a change in the method of calculation of any standards, terms or measures (including all computations of amounts and ratios) used in this Indenture (an
      “Accounting Change”) that the Company requests an amendment to any provision hereof to eliminate the effect of such Accounting Change or in the application thereof on the operation of such provision, regardless of whether any such notice is given
      before or after such Accounting Change or in the application thereof, then such provision shall be interpreted on the basis of GAAP or IFRS, as applicable, as in effect and applied immediately before such Accounting Change shall have become effective
      until such notice shall have been withdrawn or such provision amended in accordance herewith.

   

  
    -21-

    
        

  

   

  “Goldman Sachs” has the meaning set forth in the
      recitals hereto.

   

  “Government Securities” means securities that are
      (1) direct obligations of the United States of America for the timely payment of which its full faith and credit is pledged or (2) obligations of a Person controlled or supervised by and acting as an agency or instrumentality of the United States of
      America, the timely payment of which is unconditionally Guaranteed as a full faith and credit obligation of the United States of America, which, in either case, are not callable or redeemable at the option of the issuer thereof, and shall also
      include a depositary receipt issued by a bank (as defined in Section 3(a)(2) of the Securities Act), as custodian with respect to any such Government Securities or a specific payment of principal of or interest on any such Government Securities held
      by such custodian for the account of the holder of such depositary receipt; provided that (except as required by law) such custodian is not authorized to make any deduction from the amount payable to the holder of such depositary receipt from
      any amount received by the custodian in respect of the Government Securities or the specific payment of principal of or interest on the Government Securities evidenced by such depositary receipt.

   

  “Guarantee” means a guarantee (other than by
      endorsement of negotiable instruments for collection or deposit in the ordinary course of business or consistent with past practice), direct or indirect, in any manner including, without limitation, by way of a pledge of assets or through letters of
      credit or reimbursement agreements in respect thereof, of all or any part of any Indebtedness, provided that the amount of any Guarantee shall be deemed to be the lower of (i) an amount equal to the stated or determinable amount of the
      primary obligation in respect of which such Guarantee is made and (ii) the maximum amount for which such guaranteeing Person may be liable pursuant to the terms of the instrument embodying such Guarantee or, if such Guarantee is not an unconditional
      guarantee of the entire amount of the primary obligation and such maximum amount is not stated or determinable, the amount of such guaranteeing Person’s maximum reasonably anticipated liability in respect thereof as determined by such Person in good
      faith. The term “Guarantee” used as a verb has a corresponding meaning.

   

  “Guarantor” means (i) as of the Closing Date, the
      Company and each Restricted Subsidiary of the Company (other than the Issuer) that executes and delivers the Closing Date Supplemental Indenture and (ii) after the Closing Date, the Company and each Restricted Subsidiary that provides a Note
      Guarantee; provided that upon release or discharge of the Company or such Restricted Subsidiary from its Note Guarantee in accordance with this Indenture, the Company or such Restricted Subsidiary ceases to be a Guarantor.

   

  “Guarantor Subordinated Obligation” means, with
      respect to a Guarantor, any Indebtedness of such Guarantor (whether outstanding on the Issue Date or thereafter Incurred) that is expressly contractually subordinated in right of payment to the obligations of such Guarantor under its Note Guarantee.

   

  “Hedging Obligations” of any Person means the
      obligations of such Person pursuant to any Interest Rate Agreement, Currency Agreement or Commodity Agreement. For the avoidance of doubt, any agreements or arrangements related to a Permitted Bond Hedge or a Permitted Warrant shall not constitute a
      Hedging Obligation.

   

  “Holder” means a Person in whose name a Note is
      registered on the Registrar’s books, which shall initially be the nominee of DTC.

   

  “IFRS” means the international financial reporting
      standards as issued by the International Accounting Standards Board as in effect from time to time.

   

  
    -22-

    
        

  

   

  “Immediate Family Members” means, with respect to
      any individual, such individual’s child, stepchild, grandchild or more remote descendant, parent, stepparent, grandparent, spouse, former spouse, qualified domestic partner, sibling, mother-in-law, father-in-law, son-in-law and daughter-in-law
      (including adoptive relationships, the estate of such individual and such other individuals above) and any trust, partnership or other bona fide estate-planning vehicle the only beneficiaries of which are any of the foregoing individuals or any
      private foundation or fund that is controlled by any of the foregoing individuals or any donor-advised fund of which any such individual is the donor.

   

  “Incur” means issue, create, assume, Guarantee,
      incur or otherwise become liable for; provided, however, that any Indebtedness or Capital Stock of a Person existing at the time such Person becomes a Restricted Subsidiary (whether by merger, consolidation, acquisition or otherwise)
      will be deemed to be Incurred by such Restricted Subsidiary at the time it becomes a Restricted Subsidiary; and the terms “Incurred” and “Incurrence” have meanings correlative to the foregoing.

   

  “Indebtedness” means, with respect to any Person
      on any date of determination (without duplication):

   

  (1)        the principal of indebtedness of such Person
      for borrowed money;

   

  (2)        the principal component of all obligations of
      such Person to pay the deferred purchase price of property or services (other than (x) any such obligations incurred in the ordinary course of such Person’s business maturing less than one year from the creation thereof and (y) any trade payables or
      similar obligations, including accrued expenses owed, to a trade creditor), including any earnout obligations or similar deferred or contingent purchase price obligations of such Person incurred or created in connection with any acquisition, which
      purchase price is due more than one year after the date of placing such property in service or taking final delivery and title thereto;

   

  (3)        the principal of obligations of such Person
      evidenced by bonds (excluding surety bonds), debentures, notes or other similar instruments (other than an operating lease, synthetic lease or similar arrangement);

   

  (4)        the principal of indebtedness created or
      arising under any conditional sale or other title retention agreement (other than an operating lease) with respect to property acquired by such Person (even though the rights and remedies of the seller or lender under such agreement in the event of
      default are limited to repossession or sale of such property);

   

  (5)        the principal component of all Capitalized
      Lease Obligations of such Person;

   

  (6)        the principal component of all obligations of
      such Person, contingent or otherwise, as an account party under acceptances, surety bonds or similar arrangements (other than obligations arising out of endorsements of instruments for deposit or collection in the ordinary course of business or
      consistent with past practice);

   

  (7)        the principal component of all unpaid
      reimbursement obligations of such Person in respect of drawings under letters of credit and surety bonds and the face amount of all letters of credit issued for the account of such Person (except to the extent such reimbursement obligations relate to
      trade payables and such obligations are satisfied within 30 days of Incurrence);

   

  (8)        the principal component of Indebtedness of
      other Persons to the extent Guaranteed by such Person in respect of obligations of the kind referred to in clauses (1) through (7) above;

   

  
    -23-

    
        

  

   

  (9)        without limitation of the foregoing, the
      principal component of all obligations of the kind referred to in clauses (1) through (8) above secured by (or for which the holder of such obligation has an existing right, contingent or otherwise, to be secured by) any Lien on property (including
      accounts and contract rights) owned by such Person, whether or not such Person has assumed or become liable for the payment of such obligation; provided that the amount of any such obligation shall be deemed to be the lesser of the face
      principal amount thereof and the Fair Market Value of the property subject to such Lien;

   

  (10)      the principal component of all obligations, or
      liquidation preference, of such Person with respect to any Disqualified Stock or, with respect to any Restricted Subsidiary, any Preferred Stock (but excluding, in each case, any accrued dividends); and

   

  (11)      the principal component of all obligations of
      such Person in respect of Hedging Obligations; provided that, for purposes of Section 4.09 and clause (4) of Section 6.01(a), the amount of “Indebtedness” included with respect to any such Hedging Obligations shall be based on the net
      termination value thereof;

   

  with respect to clauses (1) through (6) (other than
      letters of credit), in each case to the extent such obligations would appear as a liability on the consolidated balance sheet of such Person in accordance with GAAP; provided that, in the case of clauses (5) through (10), such obligations
      shall constitute “Indebtedness” solely for the purposes of determining compliance with Section 4.09, the definition of “Permitted Liens” and clause (4) of Section 6.01(a).

   

  Notwithstanding the foregoing, the following shall not
      constitute Indebtedness:

   

  (1)        Contingent Obligations incurred in the
      ordinary course of business or consistent with past practice, other than Guarantees or other assumptions of Indebtedness;

   

  (2)        Cash Management Obligations;

   

  (3)        accrued expenses and royalties;

   

  (4)        overdrafts by the Company and its Restricted
      Subsidiaries in the ordinary course of business in connection with cash management (and not working capital) and trade letter of credit with a maturity of less than 180 days issued in the ordinary course of business;

   

  (5)        money borrowed and set aside at the time of
      the Incurrence of any Indebtedness in order to pre-fund the payment of interest on such Indebtedness; provided that such money is held to secure the payment of such interest;

   

  (6)        any lease, concession or license of property
      (or Guarantee thereof) which would be considered an operating lease under GAAP as in effect prior to December 15, 2018, Sale/Leaseback Transactions or any prepayments of deposits received from clients or customers in the ordinary course of business
      or consistent with past practice;

   

  (7)        obligations under any license, permit or other
      approval (or Guarantees (not for borrowed money) given in respect of such obligations) incurred prior to the Closing Date or in the ordinary course of business or consistent with past practice;

   

  (8)        in connection with the purchase by the Company
      or any Restricted Subsidiary of any business, any deferred or prepaid revenue or post-closing payment adjustments to which the seller may become entitled to the extent such payment is determined by a final closing balance sheet or such payment
      depends on the performance of such business after the closing; provided, however, that, at the time of closing, the amount of any such payment is not determinable and, to the extent such payment thereafter becomes fixed and
      determined, the amount is paid in a timely manner;

   

  
    -24-

    
        

  

   

  (9)        any obligations in respect of workers’
      compensation claims, early retirement or termination obligations, pension fund obligations or contributions or similar claims, obligations or contributions or social security or wage taxes;

   

  (10)      Indebtedness of any Parent Entity appearing on
      the balance sheet of the Company solely by reason of push down accounting under GAAP; and

   

  (11)      amounts owed to dissenting stockholders
      (including in connection with, or as a result of, exercise of dissenters’ or appraisal rights and the settlement of any claims or action (whether actual, contingent or potential)), pursuant to or in connection with a consolidation, amalgamation,
      merger or transfer of assets that complies with Article 5.

   

  The amount of Indebtedness of any Person at any time in
      the case of a revolving Debt Facility shall be the total amount of funds borrowed and then outstanding. The amount of any Indebtedness outstanding as of any date shall (i) be the accreted value thereof in the case of any Indebtedness issued with
      original issue discount or the aggregate principal amount outstanding in the case of Indebtedness issued with interest payable in kind and (ii) include any interest (or in the case of Preferred Stock, dividends) thereon that is more than 30 days past
      due. Except to the extent provided in the preceding sentence, the amount of any Indebtedness that is convertible into or exchangeable for Capital Stock of the Company outstanding as of any date shall be deemed to be equal to the principal and
      premium, if any, in respect of such Indebtedness, notwithstanding the provisions of GAAP (including Accounting Standards Codification Topic 470-20, Debt—Debt with Conversion and Other Options). Indebtedness shall be calculated without giving effect
      to the effects of Accounting Standards Codification Topic 815—Derivatives and Hedging and related pronouncements to the extent such effects would otherwise increase or decrease an amount of Indebtedness for any purpose under this Indenture as a
      result of accounting for any embedded derivatives created by the terms of such Indebtedness.

   

  “Indenture” means this Senior Notes Indenture, as
      amended or supplemented from time to time.

   

  “Independent Financial Advisor” means an
      accounting, appraisal, investment banking firm or consultant to Persons engaged in Similar Businesses of nationally recognized standing that is, in the good faith judgment of the Company, qualified to perform the task for which it has been engaged.

   

  “Initial Notes” has the meaning set forth in the
      recitals hereto, substantially in the form of Exhibit A attached hereto.

   

  “Interest Payment Date” means January 20 and July
      20 of each year to the stated maturity of the Notes.

   

  “Interest Rate Agreement” means, with respect to
      any Person, any interest rate future or forward, swap or option, cap, collar or other agreement or arrangement designed to protect against fluctuations in interest rates and any other similar agreement or arrangement as to which such Person is party
      or a beneficiary.

   

  
    -25-

    
        

  

   

  “Investment” means, with respect to any Person,
      all investments by such Person in other Persons (including Affiliates) in the form of any direct or indirect advance, loan or other extensions of credit (including by way of Guarantee or similar arrangement, but excluding (i) accounts receivable,
      trade credit, advances or extensions of credit to customers, suppliers or contractors in the ordinary course of business or consistent with past practice, (ii) any debt or extension of credit represented by a bank deposit (other than a time deposit),
      (iii) intercompany advances arising from cash management, tax and accounting operations and (iv) intercompany loans, advances or Indebtedness having a term not exceeding 364 days (exclusive of any roll-over or extensions of terms)) or capital
      contribution to (by means of any transfer of cash or other property to others or any payment for property or services for the account or use of others), or any purchase or acquisition of Capital Stock, Indebtedness or other similar instruments issued
      by, such Person and all other items that are or would be classified as investments on a balance sheet prepared in accordance with GAAP; provided that none of the following will be deemed to be an Investment:

   

  (1)        Hedging Obligations entered into in the
      ordinary course of business or consistent with past practice and in compliance with this Indenture;

   

  (2)        endorsements of negotiable instruments
      and documents in the ordinary course of business or consistent with past practice; and

   

  (3)        an acquisition of assets, Capital Stock
      or other securities by the Company or a Subsidiary for consideration to the extent such consideration consists of Common Stock of the Company.

   

  For purposes of Section 4.08 and Section 4.13:

   

  (1)        Investment will include the portion
      (proportionate to the Company’s equity interest in a Restricted Subsidiary that is to be designated an Unrestricted Subsidiary) of the Fair Market Value of the net assets of such Restricted Subsidiary at the time that such Restricted Subsidiary is
      designated an Unrestricted Subsidiary; provided, however, that upon a redesignation of such Subsidiary as a Restricted Subsidiary, the Company will be deemed to continue to have a permanent Investment in an Unrestricted Subsidiary in
      an amount (if positive) equal to (a) the Company’s aggregate Investment in such Subsidiary as of the time of such redesignation less (b) the portion (proportionate to the Company’s equity interest in such Subsidiary) of the Fair Market Value of the
      net assets of such Subsidiary at the time that such Subsidiary is so redesignated a Restricted Subsidiary;

   

  (2)        any property transferred to or from an
      Unrestricted Subsidiary will be valued at its Fair Market Value at the time of such transfer; and

   

  (3)        if the Company or any Restricted
      Subsidiary sells or otherwise disposes of any Voting Stock of any Restricted Subsidiary such that, after giving effect to any such sale or disposition, such entity is no longer a Subsidiary of the Company, the Company shall be deemed to have made an
      Investment on the date of any such sale or disposition equal to the Fair Market Value of the Capital Stock of such Subsidiary not sold or disposed of.

   

  “Investment Grade Rating” means a rating equal to
      or higher than (w) Baa3 (or the equivalent) by Moody’s, (x) BBB- (or the equivalent) by S&P, or (y) BBB- (or the equivalent) by Fitch, or (z) any other equivalent rating by any Rating Agency.

   

  “Issue Date” means July 20, 2022.

   

  “Lien” means, with respect to any asset, any
      mortgage, lien (statutory or otherwise), pledge, hypothecation, charge, security interest, preference, priority or encumbrance of any kind in respect of such asset, whether or not filed, recorded or otherwise perfected under applicable law, including
      any conditional sale or other title retention agreement, any lease in the nature thereof or sale/leaseback, or any other agreement to sell or give a security interest in respect of such asset; provided that in no event shall an operating
      lease be deemed to constitute a Lien.

   

  
    -26-

    
        

  

   

  “Limited Condition Transaction” means (1) any
      Investment or acquisition (whether by merger, amalgamation, consolidation or other business combination or the acquisition of Capital Stock or otherwise and which may include, for the avoidance of doubt, a transaction that may constitute a Change of
      Control) in or of any assets, business or Person, (2) any redemption, repurchase, defeasance, satisfaction and discharge or repayment of Indebtedness, Disqualified Stock or Preferred Stock requiring notice in advance of such redemption, repurchase,
      defeasance, satisfaction and discharge or repayment, (3) any Restricted Payment, (4) any asset sale or disposition and (5) any transaction entered into in connection with a transaction described in the foregoing clauses.

   

  “Long Derivative Instrument” means a Derivative
      Instrument (i) the value of which generally increases, and/or the payment or delivery obligations under which generally decrease, with positive changes to the Performance References and/or (ii) the value of which generally decreases, and/or the
      payment or delivery obligations under which generally increase, with negative changes to the Performance References.

   

  “Market Capitalization” means an amount equal to
      (i) the total number of issued and outstanding shares of the Company’s Common Stock that are issued and outstanding on the date of the relevant Restricted Payment and listed on Nasdaq (or, if the primary listing of such Common Stock is on another
      exchange, on such other exchange) multiplied by (ii) the arithmetic mean of the closing price per share of such Common Stock as reported by Nasdaq (or, if the primary listing of such Common Stock is on another exchange, on such other exchange) for
      each of the 30 consecutive trading days immediately preceding the date of declaration of such Restricted Payment.

   

  “Merger” means the merger of Nova RMT Sub, Inc.
      with and into Issuer, with the Issuer surviving the merger as a wholly owned subsidiary of the Company, as contemplated by the Merger Agreement.

   

  “Merger Agreement” means that certain Agreement
      and Plan of Merger, dated as of December 13, 2021, by and among 3M, the Company, the Issuer and Nova RMT Sub, Inc. (as it may be amended from time to time).

   

  “Merger Effective Time” means from and after the
      consummation of the Merger.

   

  “Moody’s” means Moody’s Investors Service, Inc.
      and any successor to its rating agency business.

   

  “Net Available Cash” from an Asset Disposition
      means cash payments received (including any cash payments received by way of deferred payment of principal pursuant to a note or installment receivable or otherwise (other than interest) and net proceeds from the sale or other disposition of any
      securities or other assets received as consideration, but only as and when received, but excluding any other consideration received in the form of assumption by the acquiring Person of Indebtedness or other obligations relating to the properties or
      assets that are the subject of such Asset Disposition or received in any other non-cash form) therefrom, in each case net of:

   

  (1)           all legal, accounting, consulting,
      investment banking, survey costs, title and recording tax expenses, title insurance premiums, payments made in order to obtain a necessary consent or required by applicable law, commissions and other fees and expenses (including brokerage and sales
      commissions and relocation expenses) Incurred as a result thereof;

   

  
    -27-

    
        

  

   

  (2)           all federal, state, provincial,
      foreign and local taxes paid or required to be paid or accrued as a liability under GAAP (including transfer taxes, deed or mortgage recording taxes and estimated taxes payable in connection with any repatriation of funds and after taking into
      account any available tax credits or deductions and any tax sharing agreements) Incurred as a consequence of such Asset Disposition;

   

  (3)        all payments made on any Indebtedness
      (x) that is secured by any assets subject to such Asset Disposition, in accordance with the terms of any Lien upon such assets or (y) which must by its terms, or in order to obtain a necessary consent to such Asset Disposition, or which is by
      applicable law to be repaid out of the proceeds from such Asset Disposition;

   

  (4)        all distributions and other payments
      required to be made to noncontrolling interest holders in Subsidiaries or joint ventures as a result of such Asset Disposition;

   

  (5)        all costs associated with unwinding any
      related Hedging Obligations in connection with such transaction;

   

  (6)        the deduction of appropriate amounts to
      be provided by the seller as a reserve, in accordance with GAAP, against any liabilities associated with the assets disposed of in such Asset Disposition and retained by the Company or any Restricted Subsidiary after such Asset Disposition, including
      pension and other post-employment benefit liabilities and liabilities related to environmental matters or against any indemnification obligations associated with such transaction;

   

  (7)        any portion of the purchase price from
      such transaction placed in escrow, whether for the satisfaction of any indemnification obligations in respect of such transaction, as a reserve for adjustments to the purchase price associated with any such transaction or otherwise in connection with
      such transaction; and

   

  (8)        the amount of any liabilities (other
      than Indebtedness in respect of the Senior Secured Credit Facilities and the Notes) directly associated with such asset being sold and retained by the Company or any of its Restricted Subsidiaries.

   

  “Net Cash Proceeds,” with respect to any issuance
      or sale of Capital Stock, means the cash proceeds of such issuance or sale, net of attorneys’ fees, accountants’ fees, underwriters’ or placement agents’ fees, listing fees, discounts or commissions and brokerage, consultant and other fees and
      expenses and charges actually incurred in connection with such issuance or sale and net of taxes paid or payable as a result of such issuance or sale (after taking into account any available tax credits or deductions and any tax sharing
      arrangements).

   

  “Net Leverage Ratio” means, as of any date of
      determination, the ratio of (x) Consolidated Total Debt (including, without duplication, any Reserved Indebtedness Amount) as of such date less Netted Cash as of such date, to (y) Consolidated EBITDA of the Company and its Restricted Subsidiaries for
      the applicable Test Period.

   

  “Net Short” means, with respect to a Holder or
      beneficial owner, as of a date of determination, either (i) the value of its Short Derivative Instruments exceeds the sum of (x) the value of its Notes plus (y) the value of its Long Derivative Instruments as of such date of determination or (ii) it
      is reasonably expected that such would have been the case were a “Failure to Pay” or “Bankruptcy Credit Event” (each as defined in the 2014 ISDA Credit Derivatives Definitions) to have occurred with respect to the Issuer or any Guarantor immediately
      prior to such date of determination.

   

  
    -28-

    
        

  

   

  “Netted Cash” means, at any date of determination,
      the aggregate amount of all cash and Cash Equivalents that are not “restricted” in accordance with GAAP (but including the aggregate amount of cash and Cash Equivalents restricted in favor of any Debt Facilities) of the Company and its Restricted
      Subsidiaries as of such date.

   

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

   

  “Note Guarantee” means, individually, any
      Guarantee of payment of the Notes and the Issuer’s other Obligations under this Indenture by a Guarantor pursuant to the terms of this Indenture and any supplemental indenture thereto, and, collectively, all such Guarantees.

   

  “Notes” means the Initial Notes and more
      particularly means any Note authenticated and delivered under this Indenture. For all purposes of this Indenture, the term “Notes” shall also include any Additional Notes that may be issued pursuant to this Indenture and Notes to be issued or
      authenticated upon transfer, replacement or exchange of Notes.

   

  “Obligations” means any principal, interest
      (including any interest accruing subsequent to the filing of a petition in bankruptcy, reorganization or similar proceeding at the rate provided for in the documentation with respect thereto, whether or not such interest is an allowed claim under
      applicable state, federal or foreign law), other monetary obligations, penalties, fees, indemnifications, reimbursements (including reimbursement obligations with respect to letters of credit and banker’s acceptances), damages and other liabilities,
      and Guarantees of payment of such principal, interest, penalties, fees, indemnifications, reimbursements, damages and other liabilities, payable under the documentation governing any Indebtedness.

   

  “Offering Memorandum” means the offering
      memorandum dated July 6, 2022 related to the offer and sale of the Initial Notes.

   

  “Offer to Purchase” means an Asset Disposition
      Offer or a Change of Control Offer.

   

  “Officer” means the Chair of the Board of
      Directors, any Manager or Director, the Chief Executive Officer, the President, the Chief Financial Officer, the Chief Operating Officer, the President, any Executive Vice President, Senior Vice President or Vice President, the Treasurer, the
      Controller or the Secretary, or any other officer designated by any such individuals of the Issuer, the Company or any other Person, as the case may be.

   

  “Officer’s Certificate” means a certificate signed
      by any Officer of the Company or the Issuer, as the case may be.

   

  “Opinion of Counsel” means a written opinion from
      legal counsel (which opinion may be subject to customary assumptions and exclusions) who is reasonably acceptable to the Trustee. The counsel may be an employee of or counsel to the Company or its Subsidiaries.

   

  “Parent Entity” means any direct or indirect
      parent of the Company which holds directly or indirectly 100.0% of the equity interests of the Company (other than director qualifying shares) and which does not hold Capital Stock in any other Person (except for any other Parent Entity).

   

  “Pari Passu Indebtedness” means Indebtedness that
      ranks equally in right of payment to the Notes, in the case of the Issuer, or the Note Guarantees, in the case of any Guarantor (without giving effect to collateral arrangements).

   

  
    -29-

    
        

  

   

  “Permitted Asset Swap” means the concurrent
      purchase and sale or exchange of assets used or useful in a Similar Business or a combination of such assets and cash or Cash Equivalents between the Company or any of its Restricted Subsidiaries and another Person; provided that any cash or
      Cash Equivalents received in excess of the value of any cash or Cash Equivalents sold or exchanged must be applied in accordance with Section 4.16.

   

  “Permitted Bond Hedge” means any net-settled call
      options or capped call options referencing the Company’s Common Stock purchased by the Company in connection with the issuance of convertible or exchangeable debt securities by the Company or any Restricted Subsidiary to hedge the Company’s or such
      Restricted Subsidiary’s obligations to deliver Common Stock and/or pay cash under such Indebtedness, which call options are either “capped” or are purchased concurrently with the sale by the Company of a call option or options in respect of its
      Common Stock, in either case on terms that are customary for “call spread” transactions entered in connection with the issuance of convertible or exchangeable debt securities.

   

  “Permitted Holders” means (a) the Section 16
      Officers and (b) any “group” (as such term is used in Sections 13(d) and 14(d) of the Exchange Act as in effect on the Issue Date) which includes and is under the general direction of any Section 16 Officer; provided that, without giving
      effect to the existence of such group or any other group, the Persons described in clause (a), collectively, beneficially own Voting Stock representing more than 50% of the total voting power of the Voting Stock of the Company held by such group.

   

  “Permitted Investment” means (in each case, by the
      Company or any of the Restricted Subsidiaries):

   

  (1)           any Investment in the Company or a
      Restricted Subsidiary (including the Capital Stock of, or guarantees of obligations of, a Restricted Subsidiary) (other than a Receivables Entity);

   

  (2)           any Investment by the Company or any
      of its Restricted Subsidiaries in a Person that is engaged in a Similar Business if as a result of such Investment:

   

  (a)           such Person becomes a Restricted
      Subsidiary (including by redesignation of an Unrestricted Subsidiary as a Restricted Subsidiary); or

   

  (b)          such Person, in one transaction or a
      series of related transactions, is merged or consolidated with or into, or transfers or conveys all or substantially all of its assets to, or is liquidated into, the Company or a Restricted Subsidiary,

   

  and, in each case, any Investment held by such Person; provided
      that such Investment was not acquired by such Person in contemplation of such acquisition, merger, consolidation or transfer;

   

  (3)           Investments in cash and Cash
      Equivalents;

   

  (4)        Investments in receivables owing to the
      Company or any Restricted Subsidiary created or acquired in the ordinary course of business or consistent with past practice and payable or dischargeable in accordance with customary trade terms; provided, however, that such trade
      terms may include such concessionary trade terms as the Company or any such Restricted Subsidiary deems reasonable under the circumstances;

   

  
    -30-

    
        

  

   

  (5)        Investments in payroll, travel,
      entertainment, relocation, moving related and similar advances to officers, directors, managers, employees and consultants in the ordinary course of business or consistent with past practice;

   

  (6)        loans or advances to employees of the
      Company or any Restricted Subsidiary in the ordinary course of business or consistent with past practices in an aggregate amount not to exceed the greater of (x) $15.0 million and (y) 5.0% of Consolidated EBITDA at any one time outstanding (without
      giving effect to the forgiveness of any such loan);

   

  (7)       any Investment acquired by the Company or
      any of its Restricted Subsidiaries:

   

  (a)        in exchange for any other Investment or
      accounts receivable held by the Company or any such Restricted Subsidiary in connection with or as a result of a bankruptcy, workout, reorganization or recapitalization of the issuer of such other Investment or accounts receivable

   

  (b)        received in settlements, compromises or
      resolutions of (i) obligations of trade creditors, suppliers or customers that were incurred in the ordinary course of business of the Company or any Restricted Subsidiary or consistent with past practice, including pursuant to any plan of
      reorganization or similar arrangement upon the bankruptcy or insolvency of any trade creditor, supplier or customer, or (ii) litigation, arbitration or other disputes with such issuer;

   

  (c)        in satisfaction of judgments against other
      Persons; or

   

  (d)       as a result of a foreclosure by the Company
      or any of its Restricted Subsidiaries with respect to any secured Investment or other transfer of title with respect to any secured Investment in default;

   

  (8)           Investments made as a result of the
      receipt of non-cash consideration from an Asset Disposition that was made pursuant to and in compliance with Section 4.16;

   

  (9)           Investments in existence on the
      Closing Date or made pursuant to binding commitments in effect on the Closing Date or an Investment consisting of any extension, modification, replacement, reinvestment or renewal of any such Investment existing on the Closing Date or binding
      commitment in effect on the Closing Date; provided that the amount of any such Investment may be increased in such extension, modification, replacement, reinvestment or renewal only (a) as required by the terms of such Investment or binding
      commitment as in existence on the Closing Date (including as a result of the accrual or accretion of interest or original issue discount or the issuance of pay-in- kind securities) or (b) as otherwise permitted under this Indenture;

   

  (10)         Hedging Obligations Incurred in
      compliance with Section 4.09;

   

  (11)         (a) Guarantees of Indebtedness issued
      in accordance with Section 4.09 and Section 4.11 and (other than with respect to Indebtedness) guarantees, keepwells and similar arrangements in the ordinary course of business or consistent with past practice and (b) performance guarantees and
      Contingent Obligations with respect to obligations that are not prohibited by this Indenture;

   

  (12)         Investments made with the proceeds
      from any Asset Disposition that are applied pursuant to clauses (3) or (4) of Section 4.16(b);

   

  
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  (13)         Investments by the Company or a
      Restricted Subsidiary in a Receivables Entity or any Investment by a Receivables Entity in any other Person, in each case, in connection with a Receivables Financing Transaction permitted pursuant to this Indenture; provided, however,
      that any Investment in a Receivables Entity by the Company or a Restricted Subsidiary is in the form of a Purchase Money Note or a contribution of additional Receivables;

   

  (14)         Investments consisting of earnest
      money deposits in connection with an Investment permitted by this Indenture;

   

  (15)      Investments (a) consisting of purchases
      and acquisitions of assets or services in the ordinary course of business, (b) made in the ordinary course of business or consistent with past practice in connection with obtaining, maintaining or renewing client, franchisee and customer contracts
      and loans or (c) advances, loans, extensions of credit (including the creation of receivables) or prepayments made to, and guarantees with respect to obligations of, franchisees, distributors, suppliers, lessors, licensors and licensees in the
      ordinary course of business or consistent with past practice;

   

  (16)      Investments in joint ventures, Similar
      Businesses or Unrestricted Subsidiaries in an aggregate amount outstanding at the time of each such Investment not to exceed the greater of (x) $120.0 million and (y) 40.0% of Consolidated EBITDA outstanding at the time of such Investment (with the
      Fair Market Value of each such Investment being measured at the time made and without giving effect to subsequent changes in value), plus the amount of any returns (including dividends, payments, interest, distributions, returns of principal, profits
      on sale, repayments, income and similar amounts) in respect of such Investments (without duplication for purposes of Section 4.08 of any amounts applied pursuant to clause (C) of Section 4.08(a)) with the Fair Market Value of each Investment being
      measured at the time made and without giving effect to subsequent changes in value; provided, however, that if any Investment pursuant to this clause is made in any Person that is not the Company or a Restricted Subsidiary at the date
      of the making of such Investment and such Person becomes the Company or a Restricted Subsidiary after such date, such Investment shall thereafter be deemed to have been made pursuant to clause (1) or (2) above and shall cease to have been made
      pursuant to this clause;

   

  (17)      Investments by the Company or any of its
      Restricted Subsidiaries, together with all other Investments pursuant to this clause (17), in an aggregate amount outstanding at the time of each such Investment not to exceed the greater of (x) $120.0 million and (y) 40.0% of Consolidated EBITDA
      outstanding at the time of such Investment (with the Fair Market Value of each such Investment being measured at the time made and without giving effect to subsequent changes in value), plus the amount of any returns (including dividends, payments,
      interest, distributions, returns of principal, profits on sale, repayments, income and similar amounts) in respect of such Investments (without duplication for purposes of Section 4.08 of any amounts applied pursuant to clause (C) of Section 4.08(a))
      with the Fair Market Value of each Investment being measured at the time made and without giving effect to subsequent changes in value; provided, however, that if any Investment pursuant to this clause is made in any Person that is
      not the Company or a Restricted Subsidiary at the date of the making of such Investment and such Person becomes the Company or a Restricted Subsidiary after such date, such Investment shall thereafter be deemed to have been made pursuant to clause
      (1) or (2) above and shall cease to have been made pursuant to this clause;

   

  (18)      deposit accounts and securities accounts
      maintained in the ordinary course of business or consistent with past practice, and to the extent constituting an Investment, Cash Management Obligations and Cash Pooling Agreements;

   

  
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  (19)      contributions to a “rabbi” trust for the
      benefit of any employee, director, officer, manager, contractor, consultant, advisor or other service providers or other grantor trust subject to claims of creditors in the case of a bankruptcy of the Company, and Investments relating to
      non-qualified deferred payment plans in the ordinary course of business or consistent with past practice;

   

  (20)      Investments in the Notes or any other
      Indebtedness of the Company or any Restricted Subsidiary permitted to be Incurred pursuant to this Indenture;

   

  (21)      any Investment to the extent made using
      Capital Stock of the Company (other than Disqualified Stock) or Capital Stock of any Parent Entity or any Unrestricted Subsidiary as consideration;

   

  (22)      any transaction to the extent
      constituting an Investment that is permitted by and made in accordance with Section 4.14(b) (except those described in clauses (1)(a), (2), (7), (8), (9) and (24) thereof);

   

  (23)      Investments consisting of (i) purchases
      or other acquisitions of inventory, supplies, materials, equipment and similar assets or (ii) licenses, sublicenses, cross-licenses, leases, subleases, assignments, contributions or other Investments of intellectual property or other intangibles or
      services in the ordinary course of business pursuant to any joint development, joint venture or marketing arrangements with other Persons and any other Investments made in connection therewith;

   

  (24)      guaranty and indemnification obligations
      arising in connection with surety bonds issued in the ordinary course of business or consistent with past practice;

   

  (25)      Investments in prepaid expenses,
      negotiable instruments held for collection and lease, utility and workers’ compensation, performance and similar deposits entered into as a result of the operations of the business in the ordinary course of business or consistent with past practice;

   

  (26)      Investments consisting of UCC Article 3
      endorsements for collection or deposit and Article 4 trade arrangements with customers (or any comparable or similar provisions in other applicable jurisdictions) in the ordinary course of business or consistent with past practices;

   

  (27)      Investments made from casualty insurance
      proceeds in connection with the replacement, substitution, restoration or repair of assets on account of a Casualty Event;

   

  (28)      non-cash Investments in connection with
      tax planning and reorganization activities;

   

  (29)      Investments in connection with the
      Transactions; and

   

  (30)      any Investment, so long as immediately
      after giving effect to such Investment, the Net Leverage Ratio on the date of the making of such Investment is less than or equal to 3.25 to 1.00.

   

  “Permitted Liens” means, with respect to any
      Person:

   

  (1)           (a) Liens securing Indebtedness and
      other obligations permitted to be Incurred under clause (1) of Section 4.09(b), including any letter of credit facility related thereto, related Hedging Obligations and related banking services or cash management obligations, (b) Liens on assets of
      Restricted Subsidiaries securing Guarantees of Indebtedness and such other obligations of the Company referred to in clause (a), and (c) Liens securing Cash Management Obligations, including Cash Pooling Agreements, and other cash management services
      in the ordinary course of business or consistent with past practice;

   

  
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  (2)        pledges or deposits by such Person under
      workers’ compensation laws, social security, unemployment insurance laws or similar legislation, or good faith deposits in connection with bids, tenders, contracts (other than for the payment of Indebtedness) or leases to which such Person is a
      party, or deposits to secure public or statutory obligations of such Person or deposits of cash or United States government bonds to secure surety or appeal bonds to which such Person is a party, or deposits as security for contested taxes or for the
      payment of rent or deposits in respect of letters of intent or purchase agreements, in each case Incurred in the ordinary course of business or consistent with past practice;

   

  (3)        Liens with respect to outstanding motor
      vehicle fines and Liens imposed by law or regulation, including carriers’, warehousemen’s, mechanics’, landlords’, suppliers’, materialmen’s, repairmen’s, architects’, construction contractors’ or other similar Liens;

   

  (4)        Liens for taxes, assessments or other
      governmental charges not yet payable or subject to penalties for nonpayment or that are being contested in good faith by appropriate proceedings, provided appropriate reserves required pursuant to GAAP have been made in respect thereof;

   

  (5)        Liens in favor of issuers of surety or
      trade contracts, performance bonds or letters of credit or bankers’ acceptances or similar obligations issued pursuant to the request of and for the account of such Person in the ordinary course of its business or consistent with past practice;
      provided, however, that such letters of credit do not constitute Indebtedness;

   

  (6)        encumbrances, ground leases, easements
      or reservations of, or rights of others for, licenses, rights of way, sewers, electric lines, telegraph and telephone lines and other similar purposes, or zoning, building codes or other restrictions (including, without limitation, minor defects or
      irregularities in title and similar encumbrances) as to the use of real property or Liens incidental to the conduct of the business of such Person or to the ownership of its properties that do not in the aggregate materially adversely affect the
      value of said properties or materially impair their use in the operation of the business of such Person;

   

  (7)        Liens securing Hedging Obligations that
      are Incurred in the ordinary course of business or consistent with past practice (and not for speculative purposes);

   

  (8)        leases, licenses, subleases and
      sublicenses of assets (including, without limitation, real property and intellectual property rights) that do not materially interfere with the ordinary conduct of the business of the Company or any of its Restricted Subsidiaries;

   

  (9)        judgment Liens not giving rise to an
      Event of Default and notices of lis pendens and associated rights related to such litigation;

   

  
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  (10)      Liens for the purpose of securing the
      payment of all or a part of the purchase price of, or Capitalized Lease Obligations, mortgage financings, purchase money obligations or other payments Incurred to finance assets or property (other than Capital Stock or other Investments) acquired,
      constructed, improved or leased in the ordinary course of business or consistent with past practice; provided that:

   

  (a)       the aggregate principal amount of
      Indebtedness secured by such Liens is otherwise permitted to be Incurred under this Indenture and does not exceed the cost of the assets or property so acquired, constructed or improved and any fees, premiums, costs and expenses related to such
      Incurrence; and

   

  (b)       such Liens are created within 180 days of
      construction, acquisition or improvement of such assets or property and do not encumber any other assets or property of the Company or any Restricted Subsidiary other than such assets or property, assets affixed or appurtenant thereto, improvements
      and accessions thereof and the proceeds from the sale, disposition or casualty event thereof;

   

  (11)      Liens arising solely by virtue of any
      statutory or common law provisions relating to banker’s Liens, rights of set-off or similar rights and remedies as to deposit accounts or other funds maintained with a depositary institution;

   

  (12)      Liens arising from Uniform Commercial
      Code financing statement filings regarding operating leases entered into by the Company and its Restricted Subsidiaries in the ordinary course of business or consistent with past practice;

   

  (13)      Liens existing on the Closing Date (other
      than Liens permitted under clause (1));

   

  (14)      Liens on property or shares of stock of a
      Person at the time such Person becomes a Restricted Subsidiary; provided, however, that such Liens are not created, Incurred or assumed in connection with, or in contemplation of, such other Person becoming a Restricted Subsidiary; provided, further,
      however, that any such Lien may not extend to any other property owned by the Company or any Restricted Subsidiary;

   

  (15)      Liens on property at the time the Company
      or a Restricted Subsidiary acquired the property, including any acquisition by means of a merger or consolidation with or into the Company or any Restricted Subsidiary; provided, however, that such Liens are not created, Incurred or assumed in
      connection with, or in contemplation of, such acquisition; provided, further, however, that such Liens may not extend to any other property owned by the Company or any Restricted Subsidiary;

   

  (16)      Liens securing Indebtedness or other
      obligations of a Restricted Subsidiary owing to the Company or another Restricted Subsidiary (other than a Receivables Entity);

   

  (17)      Liens securing the Notes and the Note
      Guarantees (if applicable);

   

  (18)      Liens securing Refinancing Indebtedness
      Incurred to refinance, refund, replace, amend, extend or modify, as a whole or in part, Indebtedness that was previously so secured pursuant to clauses (10), (13), (14), (15), (17), this clause (18) and clauses (23) and (24) of this definition; provided
      that any such Lien is limited to all or part of the same property or assets (plus assets affixed or appurtenant thereto, improvements, accessions, proceeds or dividends or distributions in respect thereof) that secured (or, under the written
      arrangements under which the original Lien arose, could secure) the Indebtedness being refinanced or is in respect of property that is the security for a Permitted Lien hereunder;

   

  
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  (19)      any interest or title of a lessor under
      any Capitalized Lease Obligation or operating lease;

   

  (20)      Liens in favor of the Company or any
      Restricted Subsidiary;

   

  (21)      (a) Liens on assets owned by Foreign
      Subsidiaries of the Company and (b) Liens on assets of a Non-Guarantor Restricted Subsidiary securing Indebtedness and other Obligations of any Non-Guarantor Restricted Subsidiary;

   

  (22)      Liens on assets transferred to a
      Receivables Entity or on assets of a Receivables Entity, in either case Incurred in connection with a Receivables Financing Transaction, including Liens granted on any Qualified Receivables Account in favor of the financial institution counterparty
      to the Receivables Financing Transaction;

   

  (23)      Liens securing Indebtedness in an
      aggregate principal amount which, when taken together with the principal amount of any outstanding Refinancing Indebtedness Incurred to refinance Indebtedness that was previously so secured pursuant to this clause (23), will not exceed the greater of
      (x) $150.0 million and (y) 50.0% of Consolidated EBITDA;

   

  (24)      Liens securing Indebtedness; provided
      that on a pro forma basis for the Incurrence of such Indebtedness and the application of the proceeds therefrom, the Secured Net Leverage Ratio would not exceed 3.50 to 1.00 (or, to the extent Incurred in connection with any acquisition or
      Investment not prohibited by this Indenture, the greater of (x) 3.50 to 1.00 and (y) the Secured Net Leverage Ratio immediately prior to giving effect to such Incurrence);

   

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

   

  (26)      Liens on insurance policies and proceeds
      thereof, or other deposits, to secure insurance premium financings;

   

  (27)      Liens on cash, Cash Equivalents or other
      property arising in connection with the defeasance, discharge or redemption of Indebtedness;

   

  (28)      Liens on Capital Stock or assets to be
      sold pursuant to an agreement entered into for the sale or disposition of all or substantially all of the Capital Stock or assets of a Restricted Subsidiary in connection with any Asset Disposition or disposition of assets not constituting an Asset
      Disposition, in each case permitted by the terms of this Indenture, pending the closing of such sale or disposition;

   

  (29)      Liens relating to future escrow
      arrangements securing Indebtedness, including (i) Liens on escrowed proceeds from the issuance of Indebtedness for the benefit of the related holders of debt securities or other Indebtedness (or the underwriters, arrangers, trustee or collateral
      agent thereof) and (ii) Liens on cash or Cash Equivalents set aside at the time of the incurrence of any Indebtedness, in either case to the extent such cash or Cash Equivalents prefund the payment of interest or premium or discount on such
      Indebtedness (or any costs related to the issuance of such Indebtedness) and are held in an escrow account or similar arrangement to be applied for such purpose; and

   

  (30)      Liens on specific items of inventory or
      other goods and proceeds of any Person securing such Person’s obligations in respect of bankers’ acceptances issued or created for the account of such Person to facilitate the purchase, shipment or storage of such inventory or other goods.

   

  
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  In the event that a Permitted Lien meets the criteria of
      more than one of the types of Permitted Liens (at the time of incurrence or at a later date), the Company in its sole discretion may divide, classify or from time to time reclassify all or any portion of such Permitted Lien in any manner that
      complies with this Indenture and such Permitted Lien shall be treated as having been made pursuant only to the clause or clauses of the definition of “Permitted Liens” to which such Permitted Lien has been classified or reclassified.

   

  “Permitted Reorganization” means any transaction
      or undertaking, including Investments, in connection with internal reorganizations and or restructurings (including in connection with tax planning and corporate reorganizations), so long as, after giving effect thereto, (a) the Guarantees of the
      Notes, taken as a whole, are not materially impaired and (b) the Company shall not change its jurisdiction of organization or formation in connection therewith to a jurisdiction outside of the United States.

   

  “Permitted Warrant” means any call option in
      respect of the Company’s Common Stock sold by the Company concurrently with any Permitted Bond Hedge, which call option permits settlement in cash at the option of the Company.

   

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

   

  “Preferred Stock,” as applied to the Capital Stock
      of any corporation, means Capital Stock of any class or classes (however designated), which is preferred as to the payment of dividends, or as to the distributions of assets upon any voluntary or involuntary liquidation or dissolution of such
      corporation, over shares of Capital Stock of any other class of such corporation.

   

  “pro forma basis” (and the making of any “pro
        forma adjustment”) means, with respect to any determination of the Net Leverage Ratio, the Secured Net Leverage Ratio, the Consolidated Coverage Ratio, Consolidated EBITDA or Consolidated Net Income (including component definitions thereof),
      that each Specified Transaction shall be deemed to have occurred as of the first day of the Test Period with respect to any test or covenant for which such calculation is being made and that:

   

  (a)        (i) in the case of (A) any disposition of all
      or substantially all of the Capital Stock of any Restricted Subsidiary or any division and/or product line of the Company or any Subsidiary or (B) any designation of a Restricted Subsidiary as an Unrestricted Subsidiary, income statement items
      (whether positive or negative) attributable to the property or Person subject to such Specified Transaction, shall be excluded as of the first day of the applicable Test Period with respect to any test or covenant for which the relevant determination
      is being made and (ii) in the case of any acquisition, Investment and/or designation of an Unrestricted Subsidiary as a Restricted Subsidiary described in the definition of the term “Specified Transaction,” income statement items (whether positive or
      negative) attributable to the property or Person subject to such Specified Transaction shall be included as of the first day of the applicable Test Period with respect to any test or covenant for which the relevant determination is being made;
      provided that any pro forma adjustment may be applied to any such test or covenant solely to the extent that such adjustment is consistent with, subject to the limitations set forth in and without duplication with respect to the application
      of, the definition of “Consolidated EBITDA;”

   

  
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  (b)        any Expected Cost Savings shall be calculated
      on a pro forma basis as though such Expected Cost Savings had been realized on the first day of the applicable Test Period and as if such Expected Cost Savings were realized in full during the entirety of such period; provided that any pro

        forma adjustment may be applied to any such test or covenant solely to the extent that such adjustment is consistent with, subject to the limitations set forth in and without duplication with respect to the application of, the definition of
      “Consolidated EBITDA;”

   

  (c)        any retirement or repayment of Indebtedness
      (other than normal fluctuations in revolving Indebtedness Incurred for working capital purposes) shall be deemed to have occurred as of the first day of the applicable Test Period with respect to any test or covenant for which the relevant
      determination is being made; and

   

  (d)        any Indebtedness Incurred by the Company or
      any of its Restricted Subsidiaries in connection therewith shall be deemed to have occurred as of the first day of the applicable Test Period with respect to any test or covenant for which the relevant determination is being made; provided that (x)
      if such Indebtedness has a floating or formula rate, such Indebtedness shall have an implied rate of interest for the applicable Test Period for purposes of this definition determined by utilizing the rate that is or would be in effect with respect
      to such Indebtedness at the relevant date of determination (taking into account any interest hedging arrangements applicable to such Indebtedness), (y) interest on any obligation with respect to any capital lease shall be deemed to accrue at an
      interest rate determined by an Officer of the Company in good faith to be the rate of interest implicit in such obligation in accordance with GAAP and (z) interest on any Indebtedness that may optionally be determined at an interest rate based upon a
      factor of a prime or similar rate, any 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 by the Company.

   

  “Purchase Money Note” means a promissory note of a
      Receivables Entity evidencing the deferred purchase price of Receivables (and related assets) and/or a line of credit, which may be irrevocable, from the Company or any Restricted Subsidiary in connection with a Receivables Financing Transaction with
      a Receivables Entity, which deferred purchase price or line is repayable from cash available to the Receivables Entity, other than amounts required to be established as reserves pursuant to agreements, amounts paid to investors in respect of
      interest, principal and other amounts owing to such investors and amounts paid in connection with the purchase of newly generated Receivables.

   

  “Qualified Receivables Account” means any bank
      account, lock box or other deposit account of the Company or any Restricted Subsidiary that is maintained primarily for the purpose of receiving collections of transferred Receivables or other amounts owing with respect to Receivables subject to a
      Receivables Financing Transaction.

   

  “Rating Agency” means (1) each of S&P, Moody’s
      and Fitch or (2) if S&P, Moody’s or Fitch shall not make a rating on the Notes publicly available, a “nationally recognized statistical rating agency” (as defined in Section 3(a)(62) of the Exchange Act) or agencies, as the case may be, selected
      by the Company (as certified by a resolution of the Board of Directors) which shall be substituted for any or all of S&P, Moody’s or Fitch, as the case may be.

   

  “Ratings Decline Period” means, with respect to
      any Change of Control, the period that (1) begins on the earlier of (a) the date of the first public announcement of the occurrence of such Change of Control or of the intention by the Company or a stockholder of the Company, as applicable, to effect
      such Change of Control or (b) the occurrence of such Change of Control and (2) ends on the 60th calendar day following consummation of such Change of Control; provided, however, that such period shall be extended for so long as the
      rating of the Notes, as noted by the applicable rating agency, is under publicly announced consideration for downgrade by the applicable rating agency.

   

  
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  “Receivable” means a right to receive payment
      arising from a sale or lease of goods or the performance of services by a Person pursuant to an arrangement with another Person pursuant to which such other Person is obligated to pay for goods or services under terms that permit the purchase of such
      goods and services on credit and shall include, in any event, any items of property that would be classified as an “account,” “chattel paper,” “payment intangible” or “instrument” under the Uniform Commercial Code as in effect in the State of New
      York and any “supporting obligations” as so defined. For purposes of this Indenture, assets related to Receivables may include (A) any collateral for transferred Receivables (other than any interest in goods the sale of which gave rise to such
      Receivables) and any agreements supporting or securing payment of transferred Receivables, (B) any service contracts or other agreements associated with such Receivables and records relating to such Receivables, (C) any Qualified Receivables Account
      and (D) proceeds of all of the foregoing.

   

  “Receivables Entity” means a Wholly Owned
      Restricted Subsidiary (or another Person in which the Company or any Restricted Subsidiary makes an Investment and to which the Company or any Restricted Subsidiary transfers Receivables and related assets) which engages in no activities other than
      in connection with the financing of Receivables and which is designated by the Senior Management as a Receivables Entity:

   

  (1)           no portion of the Indebtedness or any
      other obligations (contingent or otherwise) of which:

   

  (a)           is Guaranteed by the Company or any
      Restricted Subsidiary (excluding Guarantees of obligations (other than the principal of, and interest on, Indebtedness) pursuant to Standard Securitization Undertakings);

   

  (b)           is recourse to or obligates the Company
      or any Restricted Subsidiary in any way other than pursuant to Standard Securitization Undertakings; or

   

  (c)           subjects any property or asset of the
      Company or any Restricted Subsidiary, directly or indirectly, contingently or otherwise, to the satisfaction thereof, other than pursuant to Standard Securitization Undertakings;

   

  (2)           with which neither the Company nor
      any Restricted Subsidiary has any material contract, agreement, arrangement or understanding (except in connection with a Purchase Money Note or Receivables Financing Transaction) other than on terms no less favorable to the Company or such
      Restricted Subsidiary than those that might be obtained at the time from Persons that are not Affiliates of the Company, other than fees payable in the ordinary course of business or consistent with past practice in connection with servicing
      Receivables; and

   

  (3)           to which neither the Company nor any
      Restricted Subsidiary has any obligation to maintain or preserve such entity’s financial condition or cause such entity to achieve certain levels of operating results other than pursuant to Standard Securitization Undertakings.

   

  Any such designation by the Senior Management shall be
      evidenced to the Trustee by an Officer’s Certificate certifying that such designation complied with the foregoing conditions.

   

  “Receivables Fees” means any fees or interest paid
      to purchasers or lenders providing the financing in connection with a Receivables Financing Transaction or other similar arrangement, including any such amounts paid by discounting the face amount of Receivables or participations therein transferred
      in connection with a Receivables Financing Transaction or other similar arrangement, regardless of whether any such transaction is structured as on-balance sheet or off-balance sheet or through a Restricted Subsidiary or an Unrestricted Subsidiary.

   

  
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  “Receivables Financing Transactions” means (a) any
      sale by the Company or a Restricted Subsidiary of Receivables and related assets to a Receivables Entity intended to be (and which shall be treated for the purposes hereof as) a true sale transaction with customary limited recourse based upon the
      collectability of the Receivables sold and the corresponding sale or pledge of such Receivables and related assets (or an interest therein) by the Receivables Entity, in each case without any guarantee of the collectability of such Receivables by the
      Company or any Restricted Subsidiary thereof (other than by such Receivables Entity); and (b) (i) any sale by the Company or a Restricted Subsidiary of Receivables and related assets under a factoring agreement that is intended to be (and which shall
      be treated for the purposes hereof as) a true sale transaction with customary limited recourse based upon collectability of the Receivables sold, without any guarantee by the Company and any other Restricted Subsidiary thereof of the collectability
      of such Receivables and (ii) any sale or financing by any Foreign Subsidiary to or with local buyers or lenders of Receivables and related assets in the ordinary course of business or consistent with past practice, in each case without any guarantee
      by the Company or any Domestic Subsidiary.

   

  “Record Date” for the interest payable on any
      applicable Interest Payment Date means January 5 or July 5 (whether or not a Business Day) preceding such Interest Payment Date.

   

  “Refinancing Indebtedness” means Indebtedness that
      is Incurred to refund, refinance, replace, exchange, renew, repay or extend, in whole or in part (including pursuant to any defeasance or discharge mechanism) (collectively, “refinance,” “refinances” and “refinanced” shall each
      have a correlative meaning), any Indebtedness existing on the Issue Date or Incurred in compliance with this Indenture (or any combination thereof) (including additional Indebtedness Incurred to pay premiums (including tender premiums), dividends (in
      the case of Disqualified Stock, or Preferred Stock issued by Restricted Subsidiaries), defeasance and discharge costs, accrued interest, underwriting discounts, fees, costs and expenses (including original issue discount, upfront fees or similar
      fees) in connection with any such refinancing) including Indebtedness that refinances Refinancing Indebtedness; provided, however, that:

   

  (1)           (a) if the Stated Maturity of the
      Indebtedness being refinanced is earlier than the Stated Maturity of the Notes, the Refinancing Indebtedness has a Stated Maturity no earlier than the Stated Maturity of the Indebtedness being refinanced or (b) if the Stated Maturity of the
      Indebtedness being refinanced is later than the Stated Maturity of the Notes, the Refinancing Indebtedness has a Stated Maturity at least 91 days later than the Stated Maturity of the Notes;

   

  (2)           the Refinancing Indebtedness has an
      Average Life at the time such Refinancing Indebtedness is Incurred that is equal to or greater than the Average Life of the Indebtedness being refinanced;

   

  (3)           such Refinancing Indebtedness is
      Incurred in an aggregate principal amount (or if issued with original issue discount, an aggregate issue price) that is equal to or less than the sum of the aggregate principal amount (or if issued with original issue discount, the aggregate accreted
      value) then outstanding of the Indebtedness being refinanced (plus, without duplication, Indebtedness Incurred to pay premiums (including tender premiums), dividends (in the case of Disqualified Stock, or Preferred Stock issued by Restricted
      Subsidiaries), defeasance and discharge costs, accrued interest underwriting discounts, fees, costs and expenses (including original issue discount, upfront fees or similar fees) in connection with any such refinancing);

   

  
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  (4)           if the Indebtedness being refinanced
      is subordinated in right of payment to the Notes or the Note Guarantees, such Refinancing Indebtedness is subordinated in right of payment to the Notes or the Note Guarantees on terms, taken as a whole, at least as favorable to the Holders as those
      contained in the documentation governing the Indebtedness being refinanced; and

   

  (5)           Refinancing Indebtedness shall not
      include Indebtedness of a Non-Guarantor Restricted Subsidiary that refinances Indebtedness of the Issuer or a Guarantor.

   

  Refinancing Indebtedness in respect of any Indebtedness
      may be incurred from time to time after the termination, discharge or repayment of any such Indebtedness.

   

  “Regulated Bank” means an Approved Commercial Bank
      that is (i) a U.S. depository institution the deposits of which are insured by the Federal Deposit Insurance Corporation; (ii) a corporation organized under section 25A of the U.S. Federal Reserve Act of 1913; (iii) a branch, agency or commercial
      lending company of a foreign bank operating pursuant to approval by and under the supervision of the Board of Governors under 12 CFR part 211; (iv) a non-U.S. branch of a foreign bank managed and controlled by a U.S. branch referred to in clause
      (iii); or (v) any other U.S. or non-U.S. depository institution or any branch, agency or similar office thereof supervised by a bank regulatory authority in any jurisdiction.

   

  “Responsible Officer” means, when used with
      respect to the Trustee, any officer within the corporate trust department of the Trustee having direct responsibility for the administration of this Indenture, or any other officer to whom any corporate trust matter is referred because of such
      officer’s knowledge of and familiarity with the particular subject.

   

  “Restricted Investment” means any Investment other
      than a Permitted Investment.

   

  “Restricted Subsidiary” means any Subsidiary of
      the Company other than an Unrestricted Subsidiary. Unless otherwise indicated, when used herein, the term “Restricted Subsidiary” shall refer to a Restricted Subsidiary of the Company.

   

  “S&P” means S&P Global Ratings, a business
      unit of S&P Global Inc., and any successor to its rating agency business.

   

  “Sale/Leaseback Transaction” means an arrangement
      relating to property now owned or hereafter acquired whereby the Company or a Restricted Subsidiary transfers such property to a Person (other than the Company or any of its Restricted Subsidiaries) and the Company or a Restricted Subsidiary leases
      it from such Person.

   

  “Screened Affiliate” means any Affiliate of a
      Holder (a) that makes investment decisions independently from such Holder and any other Affiliate of such Holder that is not a Screened Affiliate, (b) that has in place customary information screens between it and such Holder and any other Affiliate
      of such Holder that is not a Screened Affiliate and such screens prohibit the sharing of information with respect to the Company or its Subsidiaries, (c) whose investment policies are not directed by such Holder or any other Affiliate of such Holder
      that is acting in concert with such Holder in connection with its investment in the Notes and (d) whose investment decisions are not influenced by the investment decisions of such Holder or any other Affiliate of such Holder that is acting in concert
      with such Holders in connection with its investment in the Notes.

   

  “SEC” means the United States Securities and
      Exchange Commission.

   

  
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  “Section 16 Officer” means any officer of the
      Company that would be an “officer” of the Company within the meaning of Rule 16a-1(f) under the Exchange Act as in effect on the Issue Date.

   

  “Secured Indebtedness” means any Indebtedness of
      the Company or any of its Restricted Subsidiaries secured by a Lien, other than Indebtedness with respect to Cash Management Obligations.

   

  “Secured Net Leverage Ratio” means, as of any date
      of determination, the ratio of (x) Consolidated Secured Debt as of such date less Netted Cash as of such date to (y) Consolidated EBITDA of the Company and its Restricted Subsidiaries for the applicable Test Period.

   

  “Securities Act” means the Securities Act of 1933,
      as amended, and the rules and regulations of the SEC promulgated thereunder.

   

  “Senior Management” means the Chief Executive
      Officer or the Chief Financial Officer of the Company or the Issuer.

   

  “Senior Secured Credit Facilities” means the
      Credit Agreement, dated as of June 30, 2022, by and among the Issuer, the lenders from time to time parties thereto and JPMorgan Chase Bank, N.A., as administrative agent, as the same may be amended, restated, modified, renewed, refunded, replaced or
      refinanced in whole or in part from time to time (including, in each case, increasing the amount loaned thereunder; provided that such additional Indebtedness is Incurred in accordance with Section 4.09).

   

  “Separation Agreement” means that certain
      Separation and Distribution Agreement, dated as of December 13, 2021, by and among 3M, the Issuer and the Company (as it may be amended from time to time).

   

  “Short Derivative Instrument” means a Derivative
      Instrument, (i) the value of which generally decreases, and/or the payment or delivery obligations under which generally increase, with positive changes to the Performance References and/or (ii) the value of which generally increases, and/or the
      payment or delivery obligations under which generally decrease, with negative changes to the Performance References.

   

  “Significant Subsidiary” means any Restricted
      Subsidiary that would be a “Significant Subsidiary” of the Company within the meaning of Rule 1-02 under Regulation S-X promulgated by the SEC as of the Issue Date.

   

  “Similar Business” means (a) any business,
      services or activities conducted or proposed to be conducted by the Company and its Restricted Subsidiaries on the Closing Date (after giving effect to the Transactions), (b) any business, services or activities that are similar, complementary,
      reasonably related, incidental or ancillary thereto, or are extensions or developments of any thereof and (c) a Person conducting a business, service or activity specified in clauses (a) and (b), and any Subsidiary thereof. For the avoidance of
      doubt, any Person that invests in or owns Capital Stock or Indebtedness of another Person that is engaged in a Similar Business shall be deemed to be engaged in a Similar Business.

   

  “Specified Transaction” means, with respect to any
      period, any merger, Investment, disposition, restructuring, integration, insourcing initiative, cost savings initiative, new initiative, business optimization activities, cost rationalization programs and/or similar initiatives or programs,
      Incurrence, assumption or repayment of Indebtedness, Restricted Payment or designation of a Subsidiary as an Unrestricted Subsidiary or of an Unrestricted Subsidiary as a Restricted Subsidiary or other event that by the terms of this Indenture
      requires such test or covenant to be calculated on a “pro forma basis.”

   

  
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  “Standard Securitization Undertakings” means
      representations, warranties, covenants and indemnities entered into by the Company or any Restricted Subsidiary that are reasonably customary in Receivables Financing Transactions.

   

  “Stated Maturity” means, with respect to any
      Indebtedness, the date specified in the agreement governing or certificate relating to such Indebtedness as the fixed date on which the final payment of principal of such security is due and payable, including pursuant to any mandatory redemption
      provision, but not including any contingent obligations to repay, redeem or repurchase any such principal prior to the date originally scheduled for the payment thereof.

   

  “Subordinated Obligation” means any Indebtedness
      of the Company (whether outstanding on the Issue Date or thereafter Incurred) that is subordinated or junior in right of payment to the Notes pursuant to its terms.

   

  “Subsidiary” of any Person means (a) any
      corporation, association or other business entity (other than a partnership, joint venture, limited liability company or similar entity) of which more than 50% of the total ordinary voting power of shares of Capital Stock is entitled (without regard
      to the occurrence of any contingency) to vote in the election of directors, managers or trustees thereof (or Persons performing similar functions) or (b) any partnership, joint venture, limited liability company or similar entity of which more than
      50% of the capital accounts, distribution rights, total equity and voting interests or general or limited partnership interests, as applicable, is, in the case of clauses (a) and (b), at the time owned or controlled, directly or indirectly, by (1)
      such Person, (2) such Person and one or more Subsidiaries of such Person or (3) one or more Subsidiaries of such Person. Unless otherwise specified herein, each reference to a Subsidiary will refer to a Subsidiary of the Company.

   

  “Subsidiary Guarantor” means any Guarantor that is
      a Restricted Subsidiary of the Company.

   

  “Supply Chain Financing” means any agreement under
      which any bank, financial institution or other person may from time to time provide any financial accommodation to the Company or any Restricted Subsidiary in connection with trade payables of the Company or any Restricted Subsidiary, in each case
      issued for the benefit of any such bank, financial institution or such other person that has acquired such trade payables pursuant to “supply chain” or other similar financing for vendors and suppliers of the Company or any Restricted Subsidiaries.

   

  “Test Period” means, with respect to any
      determination date, the period of the most recent four consecutive fiscal quarters ending prior to such determination date for which internal financial statements of the Company are available.

   

  “Transactions” refers to the transactions
      contemplated by the Merger Agreement, the Separation Agreement and the other Transaction Documents (as defined in the Merger Agreement) (including, without limitation, the sale of certain assets directly from certain of 3M’s Subsidiaries to the
      Company or to its Subsidiaries in connection therewith), including, for the avoidance of doubt, the issuance of the Notes, the entry into the Senior Secured Credit Facilities and the initial borrowings thereunder, and all related and ancillary steps
      in connection therewith, and the payment of fees and expenses relating to the foregoing.

   

  “Transfer Restricted Notes” means Definitive Notes
      and any other Notes that bear or are required to bear the Restricted Notes Legend.

   

  
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  “Treasury Rate” means as of any redemption date of
      Notes the yield to maturity at the time of computation of United States Treasury securities with a constant maturity (as compiled and published in the most recent Federal Reserve Statistical Release H.15 (519) that has become publicly available at
      least two Business Days prior to the redemption date (or, if such Statistical Release is no longer published, any publicly available source or similar market data)) most nearly equal to the period from the redemption date to July 20, 2027; provided,
      however, that if the period from the redemption date to July 20, 2027 is not equal to the constant maturity of a United States Treasury security for which a weekly average yield is given, the Treasury Rate shall be obtained by linear interpolation
      (calculated to the nearest one-twelfth of a year) from the weekly average yields of United States Treasury securities for which such yields are given, except that if the period from the redemption date to July 20, 2027 is less than one year, the
      weekly average yield on actually traded United States Treasury securities adjusted to a constant maturity of one year will be used.

   

  “Trustee” means U.S. Bank Trust Company, National
      Association, as trustee, until a successor replaces it in accordance with the applicable provisions of this Indenture and thereafter means the successor serving hereunder.

   

  “UCC” means the Uniform Commercial Code as from
      time to time in effect.

   

  “Unrestricted Subsidiary” means:

   

  (1)   any Subsidiary of the Company which at the
      time of determination shall be designated an Unrestricted Subsidiary by the Board of Directors or Senior Management pursuant to this Indenture; and

   

  		(2)	any Subsidiary of an Unrestricted Subsidiary.

   

  “U.S.” means the United States of America.

   

  “Voting Stock” of a Person means all classes of
      Capital Stock of such Person then outstanding and normally entitled to vote in the election of directors, managers or trustees, as applicable, of such Person.

   

  “Wholly Owned Restricted Subsidiary” means a
      Restricted Subsidiary, all of the Capital Stock of which (other than directors’ qualifying shares) is owned by the Company or another Wholly Owned Restricted Subsidiary.

   

  Section 1.02         Other
        Definitions.

   

  	Term	
          Defined in
              Section 

        
	 	 
	“3M Guarantee Release Condition” 	10.01(a)
	“3M Guarantee Release Date” 	10.01(a)
	“Acceptable Commitment” 	4.16(b)
	“Additional Notes” 	2.14(a)
	“Additional Notes Special Mandatory Redemption” 	2.14(a)
	“Agent Members” 	2.1(c) of Appendix A
	“Affiliate Transaction” 	4.14(a)
	“Alternate Offer” 	4.15(a)
	“Applicable Premium Deficit” 	3.05(c)
	“Applicable Procedures”  	1.1(a) of Appendix A
	“Asset Disposition Offer” 	4.16(d)

   

  
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  	Term	
          Defined in
              Section 

        
	 	 
	“Asset Disposition Offer Amount” 	4.16(f)
	“Asset Disposition Offer Period” 	4.16(f)
	“Asset Disposition Purchase Date” 	4.16(f)
	“Authentication Order” 	2.02
	“Change of Control Offer” 	4.15(a)
	“Change of Control Payment” 	4.15(a)
	“Change of Control Payment Date” 	4.15(a)
	“Clearstream”  	1.1(a) of Appendix A
	“Closing Date Supplemental Indenture” 	10.01(b)
	“Covenant Defeasance” 	8.03(a)
	“Declined Excess Proceeds” 	4.16(e)
	“Definitive Notes Legend” 	2.2(e) of Appendix A
	“Designation”  	4.13(a)
	“Directing Holder” 	6.01(b)
	“Distribution Compliance Period” 	1.1(a) of Appendix A
	“ERISA Legend” 	2.2(e) of Appendix A
	“Euroclear” 	1.1(a) of Appendix A
	“Event of Default” 	6.01(a)
	“Excess Proceeds” 	4.16(c)
	“Foreign Disposition” `	4.16(c)
	“Global Note” 	2.1(b) of Appendix A
	“Global Notes Legend” 	2.2(e) of Appendix A
	“Guaranteed Obligations” 	10.01(c)
	“IAI”  	1.1(a) of Appendix A
	“IAI Global Note”  	2.1(b) of Appendix A
	“Increased Amount” 	4.10(c)
	“Initial Default” 	6.01(f)
	“Initial Lien” 	4.10(a)
	“LCT Election” 	1.04
	“LCT Test Date” 	1.04
	“Legal Defeasance” 	8.02(a)
	“Note Register” 	2.03(a)
	“Noteholder Direction” 	6.01(b)
	“Paying Agent” 	2.03(a)
	“Position Representation” 	6.01(b)
	“QIB”  	1.1(a) of Appendix A
	“Reclassifiable Covenants” 	1.04
	“Reclassifiable Item” 	1.04
	“Registrar” 	2.03(a)
	“Regulation S”  	1.1(a) of Appendix A
	“Regulation S Global Note”  	2.1(b) of Appendix A
	“Regulation S Notes”  	2.1(a) of Appendix A
	“Reinstatement Date” 	4.17(c)
	“Reserved Indebtedness Amount” 	1.04
	“Restricted Payment” 	4.08(a)
	“Restricted Notes Legend” 	2.2(e) of Appendix A
	“Revocation”  	4.13(c)
	“Rule 144”  	1.1(a) of Appendix A
	“Rule 144A”  	1.1(a) of Appendix A

   

  
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  	Term	
          Defined in
              Section 

        
	 	 
	“Rule 144A Global Note”  	2.1(b) of Appendix A
	“Rule 144A Notes”  	2.1(a) of Appendix A
	“Successor Entity” 	5.01(a)
	“Successor Guarantor” 	5.01(c)
	“Suspended Covenants” 	4.17(a)
	“Suspension Date” 	4.17(a)
	“Suspension Period” 	4.17(c)
	“Trust Indenture Act” 	12.01
	“Unrestricted Global Note” 	1.1(a) of Appendix A
	“U.S. person” 	1.1(a) of Appendix A
	“Verification Covenant” 	6.01(b)

   

  Section 1.03         Rules of
        Construction.

   

  Unless the context otherwise requires:

   

  (1)           a term defined in Section 1.01 or 1.02
      has the meaning assigned to it therein;

   

  (2)           an accounting term not otherwise
      defined has the meaning assigned to it in accordance with GAAP;

   

  (3)           “or” is not exclusive;

   

  (4)           words in the singular include the
      plural, and words in the plural include the singular;

   

  (5)           provisions apply to successive events
      and transactions;

   

  (6)           any reference to an “Appendix,”
      “Article,” “Section,” “clause,” “Schedule” or “Exhibit” refers to an Appendix, Article, Section, clause, Schedule or Exhibit, as the case may be, of this Indenture;

   

  (7)           the words “herein,” “hereof” and other
      words of similar import refer to this Indenture as a whole and not any particular Article, Section, clause or other subdivision;

   

  (8)           “including” means including without
      limitation;

   

  (9)           references to sections of, or rules
      under, the Securities Act or the Exchange Act shall be deemed to include substitute, replacement or successor sections or rules adopted by the SEC from time to time; and

   

  (10)         references to agreements and other
      instruments shall be deemed to include all amendments and other modifications to such agreements or instruments, but only to the extent such amendments and other modifications are not prohibited by the terms of this Indenture;

   

  (11)         all amounts expressed in this Indenture
      or in any of the Notes in terms of money refer to the lawful currency of the U.S.; and

   

  
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  (12)         the words “execute,” “execution,”
      “signed” and “signature” and words of similar import used in or related to any document to be signed in connection with this Indenture, any Note or any of the transactions contemplated hereby (including amendments, waivers, consents and other
      modifications) shall be deemed to include facsimile, PDF or electronic signatures and 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 in ink or
      the use of a paper-based recordkeeping system, as applicable, to the fullest 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 and any other similar state laws based on the Uniform Electronic Transactions Act; provided that, notwithstanding anything herein to the contrary, the Trustee is not under any obligation to agree to accept electronic
      signatures in any form or in any format except for facsimile and PDF unless expressly agreed to by the Trustee pursuant to reasonable procedures approved by the Trustee.

   

  Section 1.04         Limited
        Condition Transactions and Certain Financial Calculations.

   

  When calculating the availability under any basket, test
      or ratio under this Indenture or compliance with any provision of this Indenture in connection with any Limited Condition Transaction and any actions or transactions related thereto (including Restricted Payments, Investments, the incurrence of
      Indebtedness or Liens and repayments), in each case, at the option of the Company (the Company’s election to exercise such option, an “LCT Election”), the date of determination for availability under any such basket, test or ratio and whether
      any such action or transaction is permitted (or any requirement or condition therefor is complied with or satisfied (including as to the absence of any continuing Default or Event of Default)) under this Indenture shall be deemed to be the date (the
      “LCT Test Date”) the definitive agreement for such Limited Condition Transaction is entered into, if, after giving pro forma effect to the Limited Condition Transaction and any actions or transactions related thereto (including
      Restricted Payments, Investments, the incurrence of Indebtedness or Liens and repayments) and any related pro forma adjustments, the Company or any of its Restricted Subsidiaries would have been permitted to take such actions or consummate
      such transactions on the relevant LCT Test Date in compliance with such ratio, test or basket (and any related requirements and conditions), such ratio, test or basket (and any related requirements and conditions) shall be deemed to have been
      complied with (or satisfied) for all purposes; provided, that compliance with such ratios, test or baskets (and any related requirements and conditions) shall not be determined or tested at any time after the applicable LCT Test Date for such Limited
      Condition Transaction and any actions or transaction related thereto (including Restricted Payments, Investments, the incurrence of Indebtedness or Liens and repayments).

   

  For the avoidance of doubt, if the Company has made an
      LCT Election, (1) if any of the ratios, tests or baskets for which compliance was determined or tested as of the LCT Test Date would at any time after the LCT Test Date have been exceeded or otherwise failed to have been complied with as a result of
      fluctuations in any such ratio, test or basket, including due to fluctuations in Consolidated EBITDA of the Company or the Person subject to such Limited Condition Transaction, such baskets, tests or ratios will not be deemed to have been exceeded or
      failed to have been complied with as a result of such fluctuations; (2) if any related requirements and conditions (including as to the absence of any continuing Default or Event of Default) for which compliance or satisfaction was determined or
      tested as of the LCT Test Date would at any time after the LCT Test Date not have been complied with or satisfied (including due to the occurrence or continuation of a Default or Event of Default), such requirements and conditions will not be deemed
      to have been failed to be complied with or satisfied (and such Default or Event of Default shall be deemed not to have occurred or be continuing); and (3) in calculating the availability under any ratio, test or basket in connection with any action
      or transaction unrelated to such Limited Condition Transaction following the relevant LCT Test Date and prior to the earlier of the date on which such Limited Condition Transaction is consummated or the date that the definitive agreement or date for
      redemption, purchase or repayment specified in an irrevocable notice for such Limited Condition Transaction is terminated, expires or passes, as applicable, without consummation of such Limited Condition Transaction, any such ratio, test or basket
      shall be determined or tested giving pro forma effect to such Limited Condition Transaction, including any incurrence of Indebtedness related thereto (any such Indebtedness, the “Reserved Indebtedness Amount”).

   

  
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  In addition, for purposes of determining the
      permissibility of any action, change, transaction or event that requires a calculation of any financial ratio or financial test and/or the amount of Consolidated EBITDA or Consolidated Net Income, such financial ratio, financial test or amount shall,
      subject to the immediately preceding two paragraphs, be calculated at the time such action is taken, such change is made, such transaction is consummated or such event occurs, as the case may be, and no Default or Event of Default shall be deemed to
      have occurred solely as a result of a change in such financial ratio, financial test or amount occurring after the time such action is taken, such change is made, such transaction is consummated or such event occurs, as the case may be.

   

  Notwithstanding anything to the contrary herein, in the
      event an item of Indebtedness (or any portion thereof) is incurred or issued, any Lien is incurred, any Restricted Payment is made or any other transaction is undertaken in reliance on a ratio basket based on the Consolidated Coverage Ratio, the Net
      Leverage Ratio, or the Secured Net Leverage Ratio, such ratio(s) shall be calculated with respect to such incurrence, issuance, Restricted Payment or other transaction without giving effect to amounts being utilized under any other basket (other than
      a ratio basket based on the Consolidated Coverage Ratio, the Net Leverage Ratio or the Secured Net Leverage Ratio, and including, for purposes of the determination of ratio-based amounts under clause (24) of the definition of “Permitted Liens,”

      any Incurrences of Indebtedness under clause (1) of Section 4.09(b)) on the same date. Each item of Indebtedness that is incurred or issued, each Lien incurred, each Restricted Payment that is made and each other transaction undertaken will be deemed
      to have been incurred, issued, made or taken first, to the extent available, pursuant to the relevant ratio-based test.

   

  Notwithstanding anything to the contrary herein, but
      subject to the preceding paragraphs under this caption and the last paragraph of the definition of “pro forma basis,” all financial ratios and tests (including the Secured Net Leverage Ratio, the Net Leverage Ratio, the Consolidated Coverage
      Ratio and the amount of Consolidated Net Income and Consolidated EBITDA contained in this Indenture that are calculated with respect to any applicable Test Period during which any Specified Transaction occurs) shall be calculated with respect to such
      applicable Test Period and such Specified Transaction on a pro forma basis. Further, if since the beginning of any such applicable Test Period and on or prior to the date of any required calculation of any financial ratio or test (x) any
      Specified Transaction has occurred or (y) any Person that subsequently became a Restricted Subsidiary or was merged, amalgamated or consolidated with or into the Company or any of its Restricted Subsidiaries since the beginning of such applicable
      Test Period has consummated any Specified Transaction, then, in each case, any applicable financial ratio or test shall be calculated on a pro forma basis for such applicable Test Period as if such Specified Transaction had occurred at the
      beginning of the applicable Test Period.

   

  
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  For purposes of determining compliance with Section 4.09
      or Section 4.10 or the definition of “Permitted Liens,” if any Indebtedness, Preferred Stock, Disqualified Stock or Lien is created or Incurred in reliance on a basket measured by reference to a percentage of Consolidated EBITDA, and any
      refinancing or replacement thereof would cause the percentage of Consolidated EBITDA to be exceeded if calculated based on the Consolidated EBITDA on the date of such refinancing or replacement, such percentage of Consolidated EBITDA will be deemed
      not to be exceeded so long as the principal amount of such refinancing or replacement Indebtedness, Preferred Stock, Disqualified Stock or other obligation does not exceed the sum of (x) the amount sufficient to repay the principal amount of such
      Indebtedness, Preferred Stock, Disqualified Stock or other obligation being refinanced or replaced, (y) the amount necessary to pay premiums (including tender premiums), dividends (in the case of Disqualified Stock, or Preferred Stock issued by
      Restricted Subsidiaries), defeasance and discharge costs, accrued interest, underwriting discounts, fees, costs and expenses (including original issue discount, upfront fees or similar fees) Incurred in connection with such refinancing or replacement
      and (z) additional amounts permitted to be Incurred under Section 4.09 (it being understood that any such additional amounts thereunder will be deemed to be Incurred under such other basket(s) under such covenant as so permitted). For purposes of
      determining compliance at any time with Section 4.08, Section 4.09 and Section 4.10 and the related definitions of “Permitted Investment” and “Permitted Liens” (such covenants and related definitions collectively, the “Reclassifiable
        Covenants”) in the event that any Indebtedness, Lien, Restricted Payment, Investment, Asset Disposition and/or Affiliate Transactions or portion thereof, as applicable, at any time meets the criteria of more than one of the categories of
      transactions or items permitted pursuant to any clause of the Reclassifiable Covenants (other than clause (1)(a) of Section 4.09(b) and the Liens securing Indebtedness Incurred thereunder pursuant to clause (1)(a) of the definition of “Permitted
        Liens”) (each of the foregoing, a “Reclassifiable Item”), the Company, in its sole discretion, may, from time to time, divide, classify or reclassify such Reclassifiable Item (or portion thereof) under one or more clauses of each such
      covenant and will only be required to include such Reclassifiable Item (or portion thereof) in any one category; provided that, upon delivery of any financial statements pursuant to Section 4.06 following the initial Incurrence or making of
      any such Reclassifiable Item, if such Reclassifiable Item could, based on such financial statements, have been Incurred or made in reliance on any “ratio-based” basket or exception, such Reclassifiable Item shall automatically be reclassified as
      having been Incurred or made under the applicable provisions of such “ratio-based” basket or exception, as applicable (in each case, subject to any other applicable provision of such “ratio-based” basket or exception, as applicable). It is understood
      and agreed that any Reclassifiable Item need not be permitted solely by reference to one clause, exception or category under the Reclassifiable Covenants, as applicable, but may instead be permitted in part under any combination thereof or under any
      other available exception under this Indenture.

   

  Section 1.05         Acts of
        Holders.

   

  (a)           Any request, demand, authorization,
      direction, notice, consent, waiver or other action provided by this Indenture to be given or taken by Holders may be embodied in and evidenced by one or more instruments of substantially similar tenor signed by such Holders in person or by an agent
      duly appointed in writing. Except as herein otherwise expressly provided, such action shall become effective when such instrument or instruments or record or both are delivered to the Trustee and, where it is hereby expressly required, to the Issuer
      and the Guarantors. Proof of execution of any such instrument or of a writing appointing any such agent, or the holding by any Person of a Note, shall be sufficient for any purpose of this Indenture and (subject to Section 7.01) conclusive in favor
      of the Trustee, the Issuer and the Guarantors, if made in the manner provided in this Section 1.05. To the extent that it is necessary for the Trustee to determine whether any Person is a beneficial owner, the Trustee
        shall make such determination based on a certification of such Person (on which the Trustee may conclusively rely) setting forth in satisfactory detail the principal balance and Note certificate owned and any intermediaries through which such Note
        certificate is held. The Trustee shall also be entitled to rely conclusively on information it receives from DTC or other applicable Depositary, its direct participants and the indirect participating brokerage firms for such participants with
        respect to the identity for a beneficial owner. The Trustee shall not be deemed to have actual or constructive knowledge of the books and records of DTC or its participants.

   

  (b)           The fact and date of the execution by any
      Person of any such instrument or writing may be proved (1) by the affidavit of a witness of such execution or by the certificate of any notary public or other officer authorized by law to take acknowledgments of deeds, certifying that the individual
      signing such instrument or writing acknowledged to him the execution thereof or (2) in any other manner deemed reasonably sufficient by the Trustee. Where such execution is by or on behalf of any legal entity other than an individual, such
      certificate or affidavit shall also constitute proof of the authority of the Person executing the same. The fact and date of the execution of any such instrument or writing, or the authority of the Person executing the same, may also be proved in any
      other manner that the Trustee deems sufficient.

   

  
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  (c)           The ownership of Notes shall be proved by
      the Note Register.

   

  (d)           Any request, demand, authorization,
      direction, notice, consent, waiver or other action by the Holder of any Note shall bind every future Holder of the same Note and the Holder of every Note issued upon the registration of transfer thereof or in exchange therefor or in lieu thereof, in
      respect of any action taken, suffered or omitted by the Trustee, the Issuer or the Guarantors in reliance thereon, whether or not notation of such action is made upon such Note.

   

  (e)           The Issuer may, but is not required to, set
      a record date for purposes of determining the identity of Holders entitled to make, give or take any request, demand, authorization, direction, notice, consent, waiver or other action provided in this Indenture to be made, or to vote on or consent to
      any action authorized or permitted to be taken by Holders; provided that the Issuer may not set a record date for, and the provisions of this paragraph shall not apply with respect to, the giving or making of any notice, declaration, request
      or direction referred to in clause (f) below. If any record date is set pursuant to this clause (e), the Holders on such record date, and only such Holders, shall be entitled to make, give or take such request, demand, authorization, direction,
      notice, consent, waiver or other action (including revocation of any action), whether or not such Holders remain Holders after such record date; provided that no such action shall be effective hereunder unless made, given or taken on or prior
      to any applicable deadline by Holders of the requisite principal amount of Notes, or each affected Holder, as applicable, on such record date. Promptly after any record date is set pursuant to this paragraph, the Company, at its own expense, shall
      cause notice of such record date, the proposed action by Holders and the applicable deadline to be given to the Trustee in writing and to each Holder in the manner set forth in Section 12.02.

   

  (f)            The Trustee may set any day as a record
      date for the purpose of determining the Holders entitled to join in the giving or making of (1) any notice of default under Section 6.01(a), (2) any declaration of acceleration referred to in Section 6.02, (3) any direction referred to in
      Section 6.05 or (4) any request to pursue a remedy as permitted in Section 6.06. If any record date is set pursuant to this paragraph, the Holders on such record date, and no other Holders, shall be entitled to join in such notice, declaration,
      request or direction, whether or not such Holders remain Holders after such record date; provided that no such action shall be effective hereunder unless made, given or taken on or prior to the applicable deadline by Holders of the requisite
      principal amount of Notes or each affected Holder, as applicable, on such record date. Promptly after any record date is set pursuant to this paragraph, the Trustee, at the Issuer’s expense, shall cause notice of such record date, the proposed action
      by Holders and the applicable deadline to be given to the Issuer and to each Holder in the manner set forth in Section 12.02.

   

  (g)           Without limiting the foregoing, a Holder
      entitled to take any action hereunder with regard to any particular Note may do so with regard to all or any part of the principal amount of such Note or by one or more duly appointed agents, each of which may do so pursuant to such appointment with
      regard to all or any part of such principal amount. Any notice given or action taken by a Holder or its agents with regard to different parts of such principal amount pursuant to this paragraph shall have the same effect as if given or taken by
      separate Holders of each such different part.

   

  
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  (h)           Without limiting the generality of the
      foregoing, a Holder, including a Depositary that is the Holder of a Global Note, may make, give or take, by a proxy or proxies duly appointed in writing, any request, demand, authorization, direction, notice, consent, waiver or other action provided
      in this Indenture to be made, given or taken by Holders, and a Depositary that is the Holder of a Global Note may provide its proxy or proxies to the beneficial owners of interests in any such Global Note through such Depositary’s standing
      instructions and customary practices.

   

  (i)            The Issuer may fix a record date for the
      purpose of determining the Persons who are beneficial owners of interests in any Global Note held by a Depositary entitled under the procedures of such Depositary, if any, to make, give or take, by a proxy or proxies duly appointed in writing, any
      request, demand, authorization, direction, notice, consent, waiver or other action provided in this Indenture to be made, given or taken by Holders; provided that if such a record date is fixed, only the beneficial owners of interests in such
      Global Note on such record date or their duly appointed proxy or proxies shall be entitled to make, give or take such request, demand, authorization, direction, notice, consent, waiver or other action, whether or not such beneficial owners remain
      beneficial owners of interests in such Global Note after such record date. No such request, demand, authorization, direction, notice, consent, waiver or other action shall be effective hereunder unless made, given or taken on or prior to the
      applicable deadline.

   

  ARTICLE 2

      

      THE NOTES

   

  Section 2.01         Form and
        Dating; Terms.

   

  (a)           Provisions relating to the Initial Notes,
      Additional Notes, and any other Notes issued under this Indenture are set forth in Appendix A, which is hereby incorporated in and expressly made a part of this Indenture. However, to the extent that any provision of Appendix A conflicts with the
      express provisions of this Indenture, the provisions of this Indenture shall govern and be controlling. The Notes and the Trustee’s certificate of authentication shall each be substantially in the form of Exhibit A hereto, which is hereby
      incorporated in and expressly made a part of this Indenture. The Notes may have notations, legends or endorsements required by law, rules or agreements with national securities exchanges to which the Issuer or any Guarantor is subject, if any, or
      usage (provided that any such notation, legend or endorsement is in a form acceptable to the Issuer). Each Note shall be dated the date of its authentication. The Notes shall be in denominations of $2,000 and integral multiples of $1,000 in
      excess thereof.

   

  (b)           The aggregate principal amount of Notes
      that may be authenticated and delivered under this Indenture is unlimited.

   

  The terms and provisions contained in the Notes shall
      constitute, and are hereby expressly made, a part of this Indenture, and the Issuer, the Guarantors and the Trustee, by their execution and delivery of this Indenture, expressly agree to such terms and provisions and to be bound thereby. However, to
      the extent any provision of any Note conflicts with the express provisions of this Indenture, the provisions of this Indenture shall govern and be controlling.

   

  The Notes shall be subject to repurchase by the Issuer
      pursuant to an Asset Disposition Offer as provided in Section 4.16 or a Change of Control Offer as provided in Section 4.15, and otherwise as not prohibited by this Indenture. The Notes shall not be redeemable, other than as provided in Article 3 and
      the Notes.

   

  
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  Additional Notes ranking pari passu with the
      Initial Notes may be created and issued from time to time by the Issuer pursuant to Section 2.14.

   

  Section 2.02         Execution
        and Authentication.

   

  (a)           At least one Officer shall execute the
      Notes on behalf of the Issuer by manual, facsimile or electronic signature. If an Officer whose signature is on a Note no longer holds that office at the time a Note is authenticated, the Note shall nevertheless be valid.

   

  (b)           A Note shall not be entitled to any benefit
      under this Indenture or be valid or obligatory for any purpose until authenticated substantially in the form of Exhibit A attached hereto by the manual signature of an authorized signatory of the Trustee. The signature shall be conclusive
      evidence that the Note has been duly authenticated and delivered under this Indenture.

   

  (c)           On the Issue Date, the Trustee shall, upon
      receipt of a written order of the Issuer signed by an Officer (an “Authentication Order”), authenticate and deliver the Initial Notes. In addition, at any time and from time to time, the Trustee shall, upon receipt of an Authentication Order,
      authenticate and deliver any Additional Notes in an aggregate principal amount specified in such Authentication Order for such Additional Notes issued hereunder.

   

  (d)           The Trustee may appoint an authenticating
      agent acceptable to the Issuer to authenticate Notes. An authenticating agent may authenticate Notes whenever the Trustee may do so. Each reference in this Indenture to authentication by the Trustee includes authentication by such agent. An
      authenticating agent has the same rights as an Agent to deal with Holders, the Issuer or an Affiliate of the Issuer.

   

  (e)           The Trustee shall authenticate and make
      available for delivery upon a written order of the Issuer signed by one Officer of the Issuer (i) Initial Notes for original issue on the Issue Date in an aggregate principal amount of $350,000,000, (ii) subject to the terms of this Indenture,
      Additional Notes, (iii) any other Unrestricted Global Notes issued in exchange for any of the foregoing in accordance with this Indenture and (iv) Notes pursuant to Sections 2.06, 2.07, 2.10, 3.06, 4.15, 4.16 and 9.05 in accordance with this
      Indenture. Such order shall specify the amount of the Notes to be authenticated, the date on which the original issue of Notes is to be authenticated and whether the Notes are to be Initial Notes, Additional Notes or other Unrestricted Global Notes.

   

  Section 2.03         Registrar
        and Paying Agent.

   

  (a)           The Issuer shall maintain an office or
      agency where Notes may be presented for registration of transfer or for exchange (“Registrar”) and at least one office or agency where Notes may be presented for payment (“Paying Agent”). The Registrar shall keep a register of the Notes
      (“Note Register”) and of their transfer and exchange. The Issuer may appoint one or more co-registrars and one or more additional paying agents. The term “Registrar” includes any co-registrar, and the term “Paying Agent” includes
      any additional paying agent. The Issuer may change any Paying Agent or Registrar without prior notice to any Holder. The Issuer shall notify the Trustee in writing of the name and address of any Agent not a party to this Indenture. If the Issuer
      fails to appoint or maintain another entity as Registrar or Paying Agent, the Trustee shall act as such. The Company or any of its Restricted Subsidiaries may act as Paying Agent or Registrar.

   

  (b)           The Issuer initially appoints The
      Depository Trust Company to act as Depositary with respect to the Global Notes. The Issuer initially appoints the Trustee to act as Paying Agent and Registrar for the Notes and to act as Custodian with respect to the Global Notes.

   

  
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  (c)           The Company will be responsible for making
      all calculations called for under this Indenture and the Notes, including but not limited to determination of redemption price, premium, if any, and any additional amounts or other amounts payable on the Notes. Absent manifest error, the Trustee is
      entitled to rely conclusively on the accuracy of the Company’s calculations without independent verification.

   

  Section 2.04         Paying
        Agent to Hold Money in Trust.

   

  The Issuer shall require each Paying Agent other than the
      Trustee to agree in writing that such Paying Agent shall hold in trust for the benefit of Holders or the Trustee all money held by such Paying Agent for the payment of principal, premium, if any, and interest on the Notes, and shall notify the
      Trustee of any default by the Issuer in making any such payment. While any such default continues, the Trustee may require a Paying Agent to pay all money held by it to the Trustee. The Issuer at any time may require a Paying Agent to pay all money
      held by it to the Trustee. Upon payment over to the Trustee, a Paying Agent shall have no further liability for the money. If the Company or a Restricted Subsidiary acts as Paying Agent, it shall segregate and hold in a separate trust fund for the
      benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Issuer, the Trustee shall serve as Paying Agent for the Notes.

   

  Section 2.05         Holder
        Lists.

   

  The Trustee shall preserve in as current a form as is
      reasonably practicable the most recent list available to it of the names and addresses of all Holders. If the Trustee is not the Registrar, the Issuer shall furnish to the Trustee at least two Business Days before each Interest Payment Date and at
      such other times as the Trustee may request in writing, a list in such form and as of such date as the Trustee may reasonably require of the names and addresses of the Holders.

   

  Section 2.06         Transfer
        and Exchange.

   

  (a)           The Notes shall be issued in registered
      form and shall be transferable only upon the surrender of a Note for registration of transfer and in compliance with Appendix A.

   

  (b)           To permit registrations of transfers and
      exchanges, the Issuer shall execute and the Trustee shall authenticate Global Notes and Definitive Notes upon receipt of an Authentication Order in accordance with Section 2.02 or at the Registrar’s request.

   

  (c)           No service charge shall be made to a holder
      of a beneficial interest in a Global Note or to a Holder of a Definitive Note for any registration of transfer or exchange (other than pursuant to Section 2.07), but the Issuer may require Holders to pay any transfer tax or similar governmental
      charge payable in connection therewith (other than any such transfer taxes or similar governmental charge payable upon exchange or transfer pursuant to Sections 2.10, 3.06, 4.15, 4.16 and 9.04).

   

  (d)           All Global Notes and Definitive Notes
      issued upon any registration of transfer or exchange of Global Notes or Definitive Notes shall be the valid obligations of the Issuer, evidencing the same debt, and entitled to the same benefits under this Indenture, as the Global Notes or Definitive
      Notes surrendered upon such registration of transfer or exchange.

   

  (e)           Neither the Issuer nor the Registrar shall
      be required (1) to issue, to register the transfer of or to exchange any Note during a period beginning at the opening of business 10 days before the day of any selection of Notes for redemption under Section 3.02 and ending at the close of business
      on the day of selection, (2) to register the transfer of or to exchange any Note so selected for redemption, or tendered for repurchase (and not withdrawn) in connection with a Change of Control Offer or an Asset Disposition Offer, in whole or in
      part, except the unredeemed or unpurchased portion of any Note being redeemed or repurchased in part or (3) to register the transfer of or to exchange any Note between a Record Date and the next succeeding Interest Payment Date.

   

  
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  (f)            Prior to due presentment for the
      registration of a transfer of any Note, the Trustee, any Agent and the Issuer may deem and treat the Person in whose name any Note is registered as the absolute owner of such Note for the purpose of receiving payment of principal, premium, if any,
      and (subject to the Record Date provisions of the Notes) interest on such Notes and for all other purposes, and none of the Trustee, any Agent or the Issuer shall be affected by notice to the contrary.

   

  (g)           Upon surrender for registration of transfer
      of any Note at the office or agency of the Issuer designated pursuant to Section 4.02, the Issuer shall execute, and the Trustee shall authenticate and mail, in the name of the designated transferee or transferees, one or more replacement Notes of
      any authorized denomination or denominations of a like aggregate principal amount.

   

  (h)           At the option of the Holder, Notes may be
      exchanged for other Notes of any authorized denomination or denominations of a like aggregate principal amount upon surrender of the Notes to be exchanged at such office or agency. Whenever any Global Notes or Definitive Notes are so surrendered for
      exchange, the Issuer shall execute, and the Trustee shall authenticate and mail or deliver in accordance with the Applicable Procedures, the replacement Global Notes and Definitive Notes which the Holder making the exchange is entitled to in
      accordance with the provisions of Appendix A.

   

  (i)            All certifications, certificates and
      Opinions of Counsel required to be submitted to the Registrar pursuant to this Section 2.06 to effect a registration of transfer or exchange may be submitted by mail or by facsimile or electronic transmission.

   

  Section 2.07         Replacement
        Notes.

   

  If a mutilated Note is surrendered to the Trustee or if a
      Holder claims that its Note has been lost, destroyed or wrongfully taken and the Trustee receives evidence to its satisfaction of the ownership and loss, destruction or theft of such Note, the Issuer shall issue and the Trustee, upon receipt of an
      Authentication Order, shall authenticate a replacement Note if the Trustee’s requirements are otherwise met. If required by the Trustee or the Issuer, an indemnity bond must be provided by the Holder that is sufficient in the judgment of the Trustee
      and the Issuer to protect the Issuer, the Trustee, any Agent and any authenticating agent from any loss, claim, cost or liability that any of them may suffer if a Note is replaced. The Issuer may charge the Holder for the expenses of the Issuer and
      the Trustee in replacing a Note. Every replacement Note is a contractual obligation of the Issuer and shall be entitled to all of the benefits of this Indenture equally and proportionately with all other Notes duly issued hereunder. Notwithstanding
      the foregoing provisions of this Section 2.07, in case any mutilated, lost, destroyed or wrongfully taken Note has become or is about to become due and payable, the Issuer in its discretion may, instead of issuing a new Note, pay such Note.

   

  Section 2.08         Outstanding
        Notes.

   

  (a)           The Notes outstanding at any time are all
      the Notes authenticated by the Trustee except for those canceled by it, those delivered to it for cancellation, those reductions in the interest in a Global Note effected by the Trustee in accordance with the provisions hereof, and those described in
      this Section 2.08 as not outstanding. Except as set forth in Section 2.09, a Note does not cease to be outstanding because the Issuer or an Affiliate of the Issuer holds the Note; provided that Notes held by the Company or a Subsidiary of the
      Company will not be deemed to be outstanding for purposes of Section 3.07(b).

   

  
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  (b)           If a Note is replaced pursuant to Section
      2.07, it ceases to be outstanding unless the Trustee receives proof satisfactory to it that the replaced Note is held by a protected purchaser, as such term is defined in Section 8-303 of the Uniform Commercial Code in effect in the State of New
      York.

   

  (c)           If the principal amount of any Note is
      considered paid under Section 4.01, it ceases to be outstanding and interest on it ceases to accrue from and after the date of such payment.

   

  (d)           If a Paying Agent (other than the Company,
      a Subsidiary or an Affiliate of any thereof) holds, on the maturity date, any redemption date or any date of purchase pursuant to an Offer to Purchase, money sufficient to pay Notes payable or to be redeemed or purchased on that date, then on and
      after that date such Notes shall be deemed to be no longer outstanding and shall cease to accrue interest.

   

  Section 2.09         Treasury
        Notes.

   

  In determining whether the Holders of the requisite
      principal amount of Notes have concurred in any direction, waiver or consent, Notes beneficially owned by the Issuer, or by any Affiliate of the Issuer, shall be considered as though not outstanding, except that for the purposes of determining
      whether the Trustee shall be protected in relying on any such direction, waiver or consent, only Notes that a Responsible Officer of the Trustee actually knows are so owned shall be so disregarded. Notes so owned which have been pledged in good faith
      shall not be disregarded if the pledgee establishes to the satisfaction of the Trustee the pledgee’s right to deliver any such direction, waiver or consent with respect to the Notes and that the pledgee is not the Issuer or any obligor upon the Notes
      or any Affiliate of the Issuer or of such other obligor.

   

  Section 2.10         Temporary
        Notes.

   

  Until definitive Notes are ready for delivery, the Issuer
      may prepare and the Trustee, upon receipt of an Authentication Order, shall authenticate temporary Notes. Temporary Notes shall be substantially in the form of definitive Notes but may have variations that the Issuer considers appropriate for
      temporary Notes and as shall be reasonably acceptable to the Trustee. Without unreasonable delay, the Issuer shall prepare and the Trustee shall authenticate definitive Notes in exchange for temporary Notes. Holders and beneficial holders, as the
      case may be, of temporary Notes shall be entitled to all of the benefits accorded to Holders, or beneficial holders, respectively, of Notes under this Indenture.

   

  Section 2.11         Cancellation.

   

  The Issuer or the Company at any time may deliver Notes
      to the Trustee for cancellation. The Registrar and Paying Agent shall forward to the Trustee any Notes surrendered to them for registration of transfer, exchange or payment. The Trustee or, at the direction of the Trustee, the Registrar or the Paying
      Agent and no one else shall cancel all Notes surrendered for registration of transfer, exchange, payment, replacement or cancellation and shall dispose of cancelled Notes in accordance with its customary procedures (subject to the record retention
      requirement of the Exchange Act). Certification of the cancellation of all cancelled Notes shall, upon the written request of the Issuer, be delivered to the Issuer. The Issuer may not issue new Notes to replace Notes that it has paid or that have
      been delivered to the Trustee for cancellation.

   

  
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  Section 2.12         Defaulted
        Interest.

   

  (a)           If the Issuer defaults in a payment of
      interest on the Notes, it shall pay the defaulted interest in any lawful manner plus, to the extent lawful, interest payable on the defaulted interest, to the Persons who are Holders on a subsequent special record date, in each case at the rate
      provided in the Notes and in Section 4.01. The Issuer shall notify the Trustee in writing of the amount of defaulted interest proposed to be paid on each Note and the date of the proposed payment, and at the same time the Issuer shall deposit with
      the Trustee an amount of money equal to the aggregate amount proposed to be paid in respect of such defaulted interest or shall make arrangements satisfactory to the Trustee for such deposit prior to the date of the proposed payment, such money when
      deposited to be held in trust for the benefit of the Persons entitled to such defaulted interest as provided in this Section 2.12. The Issuer shall fix or cause to be fixed each such special record date and payment date; provided that no such
      special record date shall be less than 10 days prior to the related payment date for such defaulted interest. The Trustee shall promptly notify the Issuer of such special record date. At any time prior to the related payment date, the Issuer (or,
      upon the written request of the Issuer, the Trustee in the name and at the expense of the Issuer) shall mail or deliver by electronic transmission in accordance with the Applicable Procedures, or cause to be mailed or delivered by electronic
      transmission in accordance with the Applicable Procedures to each Holder, a notice that states the special record date, the related payment date and the amount of such interest to be paid. Notwithstanding the foregoing, any interest which is paid
      prior to the expiration of the 30-day period set forth in Section 6.01(a)(1) shall be paid to Holders as of the Record Date for the Interest Payment Date for which interest has not been paid.

   

  (b)           Subject to Section 2.12(a) and for greater
      certainty, each Note delivered under this Indenture upon registration of transfer of or in exchange for or in lieu of any other Note shall carry the rights to interest accrued and unpaid, and to accrue interest, which were carried by such other Note.

   

  Section 2.13         CUSIP and
        ISIN Numbers

   

  The Issuer in issuing the Notes may use CUSIP or ISIN
      numbers (if then generally in use) and, if so, the Trustee may use CUSIP or ISIN numbers in notices of redemption or exchange or in Offers to Purchase as a convenience to Holders; provided that any such notice may state that no representation
      is made as to the correctness of such numbers either as printed on the Notes or as contained in any notice of redemption or exchange or in Offers to Purchase and that reliance may be placed only on the other identification numbers printed on the
      Notes, and any such redemption or exchange or Offer to Purchase shall not be affected by any defect in or omission of such numbers. The Issuer shall as promptly as practicable notify the Trustee in writing of any change in the CUSIP or ISIN numbers.

   

  Section 2.14         Additional
        Notes

   

  (a)           From time to time, subject to the Issuer’s
      compliance with Section 4.09, the Issuer is permitted to issue additional Notes (the “Additional Notes”), which shall have terms substantially identical to the Initial Notes, except in respect of any of the following terms, which shall be set
      forth in an Officer’s Certificate supplied to the Trustee:

   

  (1)           the aggregate principal amount of such
      Additional Notes;

   

  (2)           the date or dates on which such
      Additional Notes will be issued;

   

  (3)           the price at which the Additional Notes
      will be issued;

   

  (4)           the first interest payment date and the
      first date from which interest will accrue on the Additional Notes;

   

  (5)           the date or dates and price or prices
      at which, the period or periods within which, and the terms and conditions upon which, such Additional Notes may be redeemed, in whole or in part pursuant to any special mandatory redemption using amounts released from any escrow account into which
      proceeds of the issuance of such Additional Notes are deposited pending consummation of any acquisition, Investment, refinancing or other transaction (such redemption, an “Additional Notes Special Mandatory Redemption”);

   

  
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  (6)           the provisions relating to the escrow
      of all or a portion of the proceeds of such Additional Notes and the granting of Liens described in clause (29) of the definition of “Permitted Liens” in favor of the Trustee solely for the benefit of the Trustee and the Holders of such
      Additional Notes (and not, for the avoidance of doubt, for the benefit of the Holders of any other Notes), together with all necessary authorizations for the Trustee to enter into such arrangements; provided that, for so long as the proceeds of such
      Additional Notes are in escrow, such Additional Notes shall benefit only from such Liens and shall not be subject to any intercreditor agreement; and

   

  (7)           the ISIN, Common Code, CUSIP or other
      securities identification numbers with respect to such Additional Notes, and the relevant clearing systems.

   

  (b)           Additional Notes may be designated to be of
      the same series as any other series of Notes, but only if they have terms substantially identical in all material respects to such other series, and shall be deemed to form one series with such other series (it being understood that any Additional
      Notes that are substantially identical in all material respects to any other series of Notes but for being subject to an Additional Notes Special Mandatory Redemption shall be deemed to be substantially identical to such series of Notes only
      following the date on which any such Special Mandatory Redemption provision ceases to apply). If any Additional Notes are not fungible with the other series of Notes for U.S. federal income tax purposes, such Additional Notes will be issued as a
      separate series under this Indenture and will have a separate CUSIP number and ISIN from the other series of Notes.

   

  ARTICLE 3

      

      REDEMPTION

   

  Section 3.01         Notices to
        Trustee.

   

  If the Issuer elects to redeem Notes pursuant to Section
      3.07, it shall furnish to the Trustee, at least five Business Days before notice of redemption is required to be mailed or sent or caused to be mailed or sent to Holders pursuant to Section 3.03 (unless a shorter notice shall be agreed to by the
      Trustee), an Officer’s Certificate setting forth (1) the paragraph or subparagraph of such Note or Section of this Indenture pursuant to which the redemption shall occur, (2) the redemption date, (3) the principal amount of the Notes to be redeemed,
      (4) the redemption price, if then ascertainable (and if not then ascertainable, the manner of calculation thereof), and (5) any condition precedent to such redemption pursuant to Section 3.07; provided that no Opinion of Counsel shall be
      required in connection with the delivery of such notice of redemption or redemption.

   

  Section 3.02         Selection
        of Notes to Be Redeemed.

   

  (a)           If less than all of the Notes are to be
      redeemed pursuant to Section 3.07 at any time, the Notes to be redeemed shall be selected in accordance with the Applicable Procedures, and if the Notes are not held through DTC or DTC prescribes no method of selection, the Trustee will select by
      lot, on a pro rata basis or by such other method as the Trustee in its sole discretion shall deem to be fair and appropriate. In the event of partial redemption by lot, the particular Notes to be redeemed shall be selected, unless otherwise
      provided herein, by the Trustee from the then outstanding Notes not previously called for redemption.

   

  
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  (b)           The Trustee shall promptly notify the
      Issuer in writing of the Notes selected for redemption and, in the case of any Note selected for partial redemption, the principal amount thereof to be redeemed. Notes and portions of Notes selected shall be in amounts of $1,000 or whole number
      multiples of $1,000; provided that no Notes of $2,000 in principal amount or less shall be redeemed in part, except that if all of the Notes of a Holder are to be redeemed, the entire outstanding amount of Notes held by such Holder, even if
      not $2,000 or a multiple of $1,000 in excess thereof, shall be redeemed. Except as provided in the preceding sentence, provisions of this Indenture that apply to Notes called for redemption also apply to portions of Notes called for redemption.

   

  (c)           After the redemption date, upon surrender
      of a Note to be redeemed in part only, a new Note or Notes in principal amount equal to the unredeemed portion of the original Note, representing the same Indebtedness to the extent not redeemed, shall be issued in the name of the Holder of the Notes
      upon cancellation of the original Note (or appropriate book entries shall be made to reflect such partial redemption). In the case of a Global Note, an appropriate notation will be made on such Note to decrease the principal amount thereof to an
      amount equal to the unredeemed portion thereof.

   

  Section 3.03         Notice of
        Redemption.

   

  (a)           The Issuer shall mail or deliver by
      electronic transmission in accordance with the Applicable Procedures, or cause to be mailed (or delivered by electronic transmission in accordance with the Applicable Procedures) notices of redemption of Notes not less than 10 days but not more than
      60 days before the redemption date to each Holder (with a copy to the Trustee) whose Notes are to be redeemed pursuant to this Article at such Holder’s registered address or otherwise in accordance with the Applicable Procedures, except that
      redemption notices may be mailed or delivered more than 60 days prior to a redemption date if the notice is issued in connection with Article 8 or Article 11.

   

  (b)           The notice shall identify the Notes to be
      redeemed (including CUSIP and ISIN number, if applicable) and shall state:

   

  (1)           the redemption date;

   

  (2)           the redemption price, including the
      portion thereof representing any accrued and unpaid interest; or if not then ascertainable, the manner of calculation thereof;

   

  (3)           if any Note is to be redeemed in part
      only, the portion of the principal amount of that Note that is to be redeemed;

   

  (4)           the name and address of the Paying
      Agent;

   

  (5)           that Notes called for redemption must
      be surrendered to the Paying Agent to collect the redemption price;

   

  (6)           that, unless the Issuer defaults in
      making such redemption payment or the Paying Agent is prohibited from making such payment pursuant to the terms of this Indenture, interest on Notes called for redemption ceases to accrue on and after the redemption date;

   

  (7)           the paragraph or subparagraph of the
      Notes or Section of this Indenture pursuant to which the Notes called for redemption are being redeemed;

   

  (8)           that no representation is made as to
      the correctness or accuracy of the CUSIP or ISIN number, if any, listed in such notice or printed on the Notes;

   

  
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  (9)           if applicable, any condition to such
      redemption; and

   

  (10)         if applicable, that payment of the
      redemption price and performance of the Issuer’s obligations with respect to such redemption may be performed by another Person.

   

  (c)           At the Issuer’s request, the Trustee shall
      give the notice of redemption in the Issuer’s name and at the Issuer’s expense; provided that the Issuer shall have delivered to the Trustee, at least five Business Days before notice of redemption is required to be sent or caused to be sent
      to Holders pursuant to this Section 3.03 (unless a shorter notice shall be agreed to by the Trustee), an Officer’s Certificate requesting that the Trustee give such notice, together with the notice to be given, setting forth the information to be
      stated in such notice as provided in Section 3.03(b).

   

  (d)           Notice of any redemption of the Notes may,
      at the Issuer’s discretion, be given prior to the consummation of a transaction or event (including an Equity Offering, an incurrence of Indebtedness, a Change of Control Triggering Event or other transaction or event) and any such redemption may, at
      the Issuer’s discretion, be subject to one or more conditions precedent (including the consummation of an Equity Offering, an incurrence of Indebtedness, a Change of Control Triggering Event or other transaction or event). In addition, if such
      redemption or notice is subject to satisfaction of one or more conditions precedent, such notice shall state that, in the Issuer’s discretion, the redemption date may be delayed until such time (including more than 60 days after the date the notice
      of redemption was mailed or delivered, including by electronic transmission) as any or all such conditions shall be satisfied, or such redemption may not occur and such notice may be rescinded in the event that any or all such conditions shall not
      have been satisfied (or waived by the Issuer in its sole discretion) by the redemption date, or by the redemption date so delayed. If any such condition precedent has not been satisfied, the Issuer shall provide notice to the Trustee and each Holder
      prior to the close of business two Business Days prior to the redemption date. Upon receipt of such notice, the notice of redemption shall be rescinded and the redemption of the Notes shall not occur. If requested by the Issuer, upon receipt of the
      rescission notice, the Trustee shall provide such notice to each Holder in the same manner in which the notice of redemption was given if such notice was delivered by the Trustee.

   

  Section 3.04         Effect of
        Notice of Redemption.

   

  Once notice of redemption is mailed or delivered in
      accordance with Section 3.03, Notes called for redemption become irrevocably due and payable on the redemption date at the applicable redemption price. The notice, if mailed or delivered by electronic transmission in a manner herein provided, shall
      be conclusively presumed to have been given, whether or not the Holder receives such notice. In any case, failure to give such notice or any defect in the notice to the Holder of any Note designated for redemption in whole or in part shall not affect
      the validity of the proceedings for the redemption of any other Note.

   

  Section 3.05         Deposit of
        Redemption Price.

   

  (a)           No later than 11:00 a.m. (New York City
      time) on the redemption date (or such later time on such date as consistent with the Applicable Procedures to which the Trustee may reasonably agree), the Issuer shall deposit, or cause to be deposited, with the Trustee or with the Paying Agent money
      sufficient to pay the redemption price of and accrued and unpaid interest on all Notes to be redeemed on that date. If funds for such purpose are on deposit, the Paying Agent shall promptly send or mail to each Holder whose Notes are to be redeemed
      the applicable redemption price thereof and accrued and unpaid interest thereon. The Trustee or the Paying Agent shall promptly return to the Issuer any money deposited with the Trustee or the Paying Agent by the Issuer in excess of the amounts
      necessary to pay the redemption price of, and accrued and unpaid interest on, all Notes to be redeemed.

   

  
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  (b)           If the Issuer complies with the provisions
      of Section 3.05(a), on and after the redemption date, interest shall cease to accrue on the Notes or the portions of Notes called for redemption. If a Note is redeemed on or after a Record Date but on or prior to the related Interest Payment Date,
      then any accrued and unpaid interest, to, but excluding, the redemption date in respect of such Note will be paid on such redemption date to the Person in whose name such Note is registered at the close of business on such Record Date. If any Note
      called for redemption shall not be so paid upon surrender for redemption because of the failure of the Issuer to comply with Section 3.05(a), interest shall be paid on the unpaid principal, from the redemption date until such principal is paid, and,
      to the extent lawful, on any interest accrued to the redemption date not paid on such unpaid principal, in each case at the rate provided in the Notes and in Section 4.01.

   

  (c)           Upon any redemption that requires the
      payment of the Applicable Premium (including, without limitation, in connection with the Issuer’s exercise of its Legal Defeasance option or Covenant Defeasance option as set forth in Article 8 or the discharge of the Issuer’s obligations under this
      Indenture in accordance with Article 11), the amount deposited with the Trustee shall be sufficient for purposes of this Indenture to the extent that an amount is deposited with the Trustee equal to the Applicable Premium calculated as of the date of
      the notice of redemption, with any deficit as of the date of redemption (any such amount, the “Applicable Premium Deficit”) only required to be deposited with the Trustee on or prior to the date of redemption. Any Applicable Premium Deficit
      shall be set forth in an Officer’s Certificate delivered to the Trustee simultaneously with the deposit of such Applicable Premium Deficit that confirms that such Applicable Premium Deficit shall be applied toward such redemption.

   

  Section 3.06         Notes
        Redeemed in Part.

   

  Upon surrender of a Note that is redeemed in part, the
      Issuer shall issue and, upon receipt of an Authentication Order, the Trustee shall promptly authenticate and mail to the Holder (or cause to be transferred by book entry) at the expense of the Issuer a new Note equal in principal amount to the
      unredeemed portion of the Note surrendered representing the same Indebtedness to the extent not redeemed or purchased; provided that each new Note shall be in a principal amount of $2,000 or an integral multiple of $1,000 in excess thereof.
      It is understood that, notwithstanding anything in this Indenture to the contrary, only an Authentication Order and not an Opinion of Counsel or Officer’s Certificate is required for the Trustee to authenticate such new Note.

   

  Section 3.07         Optional
        Redemption.

   

  (a)           Except pursuant to this Section 3.07, the
      Notes shall not be redeemable at the Issuer’s option.

   

  (b)           At any time prior to July 20, 2027, the
      Issuer may redeem the Notes, in whole or in part, upon not less than 10 nor more than 60 days’ prior notice mailed or otherwise delivered to each Holder (with a copy to the Trustee) in accordance with the procedures of DTC at a redemption price equal
      to 100% of the aggregate principal amount of the Notes, plus the Applicable Premium, plus accrued and unpaid interest, if any, to, but excluding, the redemption date. Calculation of the Applicable Premium will be made by the Issuer or on behalf of
      the Issuer by such Person as the Issuer shall designate; provided that such calculation or the correctness thereof shall not be a duty or obligation of the Trustee.

   

  
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  (c)           At any time on and after July 20, 2027, the
      Issuer may redeem the Notes, in whole or in part, upon not less than 10 nor more than 60 days’ notice mailed or otherwise delivered to each Holder (with a copy to the Trustee) in accordance with the applicable procedures of DTC, at the following
      redemption prices (expressed as a percentage of principal amount of the Notes to be redeemed) set forth below, plus accrued and unpaid interest on the Notes, if any, to, but excluding, the applicable redemption date, if redeemed during the 12-month
      period beginning on July 20 of each of the years indicated below:

   

  	
          Year 

        	 	
          Percentage 

        
	2027 	 	102.156%
	2028 	 	102.156%
	2029 and thereafter 	 	100.000%

   

  (d)           Any redemption pursuant to this Section
      3.07 shall be made pursuant to the provisions of Sections 3.01 through 3.06.

   

  (e)           Notwithstanding the foregoing, in
      connection with any tender offer for the Notes, including a Change of Control Offer, an Alternate Offer or an Asset Disposition Offer, if Holders of not less than 90% in aggregate principal amount of the outstanding Notes validly tender and the
      Issuer or a third party in lieu of the Issuer purchases all of the Notes validly tendered and not withdrawn by such Holders, the Issuer or such third party will have the right upon not less than 10 nor more than 60 days’ prior notice (except that
      such notice may be delivered or mailed more than 60 days prior to the redemption date or purchase date if the notice is subject to one or more conditions precedent as described in the foregoing paragraph), given not more than 30 days following such
      purchase date, to redeem (with respect to the Issuer) or purchase (with respect to a third party) all Notes that remain outstanding following such purchase at a redemption price equal to the price offered to each other Holder (excluding any early
      tender or incentive fee) in such tender offer plus, to the extent not included in the tender offer payment, accrued and unpaid interest, if any, thereon to, but excluding, the date of such redemption.

   

  Section 3.08         Mandatory
        Redemption; Open Market Purchases.

   

  Except as set forth in the relevant Note, the Issuer will
      not be required to make any mandatory redemption or sinking fund payments with respect to the Notes. The Issuer or its affiliates may from time to time acquire Notes by means other than a redemption, whether by tender offer, open market purchases,
      negotiated transactions or otherwise, in accordance with applicable securities laws.

   

  ARTICLE 4

      

      COVENANTS

   

  Section 4.01         Payment of
        Notes.

   

  (a)           The Issuer will pay, or cause to be paid,
      the principal, premium, if any, and interest on the Notes on the dates and in the manner provided in the Notes. Principal, premium, if any, and interest shall be considered paid on the date due if the Paying Agent, if other than the Company or a
      Subsidiary, holds as of 11:00 a.m. (New York City time), on the due date money deposited, or caused to be deposited, by the Issuer in immediately available funds and designated for and sufficient to pay the principal, premium, if any, and interest
      then due.

   

  (b)           The Issuer shall pay interest (including
      post-petition interest in any proceeding under any Bankruptcy Law) on overdue principal and premium, if any, at the rate equal to the then applicable interest rate on the Notes to the extent lawful; it shall pay interest (including post-petition
      interest in any proceeding under any Bankruptcy Law) on overdue installments of interest (without regard to any applicable grace period) at the same rate to the extent lawful.

   

  
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  Section 4.02         Maintenance
        of Office or Agency.

   

  The Issuer shall maintain an office or agency (which may
      be an office of the Trustee or an affiliate of the Trustee, Registrar or co-registrar) where Notes may be surrendered for registration of transfer or for exchange and where notices and demands to or upon the Issuer and the Guarantors in respect of
      the Notes and this Indenture may be served. The Issuer shall give prompt written notice to the Trustee of the location, and any change in the location, of such office or agency. If at any time the Issuer shall fail to maintain any such required
      office or agency or shall fail to furnish the Trustee with the address thereof, such presentations, surrenders, notices and demands may be made or served at the Corporate Trust Office of the Trustee; provided that the Trustee shall not be
      considered an agent for service of legal process on the Issuer or any Guarantor.

   

  The Issuer may also from time to time designate
      additional offices or agencies where the Notes may be presented or surrendered for any or all such purposes and may from time to time rescind such designations. The Issuer shall give prompt written notice to the Trustee of any such designation or
      rescission and of any change in the location of any such other office or agency.

   

  The Issuer hereby designates the Corporate Trust Office
      of the Trustee as one such office or agency of the Issuer in accordance with Section 2.03.

   

  Section 4.03         Taxes.

   

  From and after the Closing Date, the Issuer shall pay,
      and shall cause each of the Guarantors to pay, prior to delinquency, all material taxes, assessments and governmental levies except (a) such as are being contested in good faith and by appropriate negotiations or proceedings or (b) where the failure
      to effect such payment is not adverse in any material respect to the Holders of the Notes.

   

  Section 4.04         Stay,
        Extension and Usury Laws.

   

  Each of the Issuer and the Guarantors covenants (to the
      extent that it may lawfully do so) that it shall not at any time insist upon, plead, or in any manner whatsoever claim or take the benefit or advantage of, any stay, extension or usury law wherever enacted, now or at any time hereafter in force, that
      may affect the covenants or the performance of this Indenture; and each of the Issuer and the Guarantors (to the extent that it may lawfully do so) hereby expressly waives all benefit or advantage of any such law, and covenants that it shall not, by
      resort to any such law, hinder, delay or impede the execution of any power herein granted to the Trustee, but shall suffer and permit the execution of every such power as though no such law has been enacted.

   

  Section 4.05         Organizational

        Existence.

   

  Subject to Article 5, from and after the Closing Date,
      the Company shall do or cause to be done all things necessary to preserve and keep in full force and effect its corporate existence and the corporate, partnership, limited liability company or other existence of itself, the Issuer and each of the
      Subsidiary Guarantors, in accordance with the respective organizational documents (as the same may be amended from time to time) of the Issuer or any such Guarantor; provided that the Company shall not be required to preserve any such corporate,
      partnership, limited liability company or other existence of itself, the Issuer and any of the Subsidiary Guarantors, if the Company in good faith shall determine that the preservation thereof is no longer desirable in the conduct of the business of
      the Issuer and the Guarantors, taken as a whole. For the avoidance of doubt, the Issuer and the Guarantors will be permitted to change their organizational form, subject to Article 5.

   

  
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  Section 4.06         Reports and
        Other Information.

   

  (a)           Notwithstanding that the Company may not be
      subject to the reporting requirements of Section 13 or 15(d) of the Exchange Act or otherwise report on an annual and quarterly basis on forms provided for such annual and quarterly reporting pursuant to the rules and regulations promulgated by the
      SEC, from and after the Closing Date, the Company will furnish to the Trustee and make available to Holders and prospective purchasers of the Notes in the manner described in the following paragraph, within the time periods (including any grace
      period or extension permitted by the SEC) specified in the SEC’s rules and regulations that are then applicable to the Company (or if the Company is not then subject to the reporting requirements of the Exchange Act, then the time periods for filing
      applicable to a filer that is not an “accelerated filer” as defined in such rules and regulations):

   

  (1)           all financial information that would be
      required to be contained in an annual report on Form 10-K, or any successor or comparable form, filed with the SEC, including a “Management’s discussion and analysis of financial condition and results of operations” section and a report on the annual
      financial statements by the Company’s independent registered public accounting firm;

   

  (2)           all financial information that would be
      required to be contained in a quarterly report on Form 10-Q, or any successor or comparable form, filed with the SEC, including a “Management’s discussion and analysis of financial condition and results of operations” section; and

   

  (3)           all current reports that would be
      required to be filed with the SEC on Form 8-K, or any successor or comparable form, if the Company were required to file such reports.

   

  (b)           Notwithstanding Section 4.06(a), if the
      Company is not then subject to the reporting requirements of the Exchange Act, (i) such reports (A) shall not be required to comply with Section 302, Section 404 or Section 906 of the Sarbanes-Oxley Act of 2002, or related Items 307, 308 or 308T of
      Regulation S-K promulgated by the SEC (or any successor provision), (B) shall not be required to comply with Regulation G under the Exchange Act or Item 10(e) of Regulation S-K with respect to any non-GAAP financial measures contained therein (or any
      successor provision), (C) shall not be required to contain any separate financial information contemplated by Rule 3-05, Rule 3-09, Rule 3-10, Rule 3-16, Rule 13-01 or Rule 13-02 of Regulation S-X promulgated by the SEC (or any successor provision),
      (D) shall not be required to comply with Items 402, 405, 406, 407 and 601 of Regulation S-K promulgated by the SEC (or any successor provision), (E) shall not be required to contain segment reporting and disclosure (including any required by FASB
      Accounting Standards Codification Topic 280) or earnings per share information, (F) shall not be required to contain information regarding executive compensation and related party disclosure related to SEC Release Nos. 33-8732A, 34-54302A and
      IC-27444A, (G) shall not be required to contain any purchase accounting adjustments related to any transactions permitted under this Indenture to the extent it is not practicable to include any such adjustments in the financial statements, (H) shall
      not be required to contain any exhibits (including any financial statements that would be required to be filed as an exhibit) and (I) shall not be required to comply with rules or regulations promulgated by the SEC concerning Extensible Business
      Reporting Language (XBRL), (ii) no such information and reports referenced under clause (3) above shall be required to be furnished if the Company determines in its good faith judgment that such event is not material to the Holders or the business,
      assets, operations or financial position of Company and its Restricted Subsidiaries, taken as a whole and (iii) trade secrets and other information that would cause competitive harm to the Company and its Restricted Subsidiaries may be excluded from
      disclosures.

   

  
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  (c)           In addition, to the extent not satisfied by
      the information required to be furnished pursuant to the preceding paragraph, for so long as any Notes are outstanding, and constitute “restricted securities” under Rule 144 under the Securities Act, the Issuer agrees that, in order to render such
      Notes eligible for resale pursuant to Rule 144A, it will furnish to Holders and to securities analysts and prospective purchasers of the Notes, upon their request, the information required to be delivered pursuant to Rule 144A(d)(4) under the
      Securities Act unless the Company furnishes such information to the SEC pursuant to Section 13 or 15(d) of the Exchange Act.

   

  (d)           The requirements set forth in Sections
      4.06(a) and 4.06(b) may be satisfied by the Company, in its sole discretion, (i) filing the required reports with the SEC, (ii) posting the required reports on its website or (iii) delivering such information to the Trustee and posting copies of such
      information on any website (which may be password-protected and nonpublic, and may be maintained by the Company or a third party) to which access will be given to Holders, securities analysts and bona fide prospective purchasers of the Notes, in each
      case at the Company’s expense and in each case, who agrees to treat such information as confidential or accesses such information on such password-protected website that will require a confidentiality acknowledgment.

   

  (e)           So long as any Notes are outstanding, the
      Company will also: (1) at any time after the Company releases its earnings for any annual or quarterly period, but in no event later than 10 Business Days after furnishing the financial information required by Section 4.06(a)(1) and (2) above, hold a
      conference call to discuss such financial information and the results of operations for the relevant reporting period (which conference call may, at the option of the Company or such Parent Entity, be the same conference call that the Company’s
      stockholders and/or equity research analysts are invited to); and (2) issue a press release or otherwise announce (which announcement may be made available on the nonpublic website referred to in clause (iii) of the immediately preceding paragraph)
      no fewer than three Business Days prior to the date of the conference call required to be held in accordance with this paragraph, announcing the time and date of such conference call and either including all information necessary to access the call
      or directing noteholders, prospective investors, broker-dealers and securities analysts to contact the appropriate person at the Company to obtain such information.

   

  (f)            If the Company has designated any of its
      Subsidiaries as Unrestricted Subsidiaries and such Unrestricted Subsidiaries, either individually or collectively, would otherwise have been a Significant Subsidiary, then the annual and quarterly financial information required by this Section 4.06
      shall include a reasonably detailed presentation, as determined in good faith by Senior Management, either on the face of the financial statements or in the footnotes to the financial statements and in the “Management’s discussion and analysis of
      financial condition and results of operations” section, of the financial condition and results of operations of the Company and its Restricted Subsidiaries separate from the financial condition and results of operations of any Unrestricted
      Subsidiaries.

   

  (g)           The Company may satisfy its obligations
      under this Section 4.06 with respect to financial information relating to the Company by furnishing financial information relating to a Parent Entity; provided that, if such Parent Entity is not a Guarantor, the same is accompanied by
      consolidating information that explains in reasonable detail the differences between the information relating to such Parent Entity (and other Parent Entities included in such information, if any), on the one hand, and the information relating to the
      Company and its Restricted Subsidiaries on a standalone basis, on the other hand. For the avoidance of doubt, the consolidating information referred to in the proviso in the preceding sentence need not be audited.

   

  (h)           Notwithstanding anything to the contrary
      set forth above, if the Company or any Parent Entity has furnished the Holders of Notes the reports described in Section 4.06(a) and Section 4.06(c) or held conference calls with respect to the Company or any Parent Entity in accordance with Section
      4.06(e), the Company shall be deemed to be in compliance with the provisions of this Section 4.06.

   

  
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  (i)            The Trustee shall have no duty to review
      or analyze reports delivered to it. Delivery of reports, information and documents to the Trustee is for informational purposes only and its receipt of such reports shall not constitute actual or constructive notice of any information contained
      therein or determinable from information contained therein, including the Company’s compliance with any of its covenants under this Indenture or the Notes (as to which the Trustee is entitled to rely exclusively on Officer’s Certificates). The
      Trustee shall have no responsibility or liability for the filing, timeliness or content of any such report, information or other document. The Trustee shall not be obligated to monitor or confirm, on a continuing basis or otherwise, the Company’s
      compliance with the covenants or with respect to any reports or other documents filed with the SEC or EDGAR or any website under this Indenture, or participate in any conference calls.

   

  Section 4.07         Compliance
        Certificate.

   

  (a)           The Company will deliver to the Trustee,
      within 120 days after the end of each fiscal year ending after the Closing Date, an Officer’s Certificate stating that a review of the activities of the Company and its Restricted Subsidiaries during the preceding fiscal year has been made with a
      view to determining whether the Company has kept, observed, performed and fulfilled its obligations under this Indenture, and further stating, as to such Officer signing such certificate, that to the best of his or her knowledge, the Company has
      kept, observed, performed and fulfilled each and every condition and covenant contained in this Indenture and is not in default in the performance or observance of any of the terms, provisions, covenants and conditions of this Indenture (or, if a
      Default shall have occurred and be continuing, describing all such Defaults of which he or she may have knowledge and what action the Company is taking or propose to take with respect thereto).

   

  (b)           When any Default has occurred and is
      continuing under this Indenture, or if the Trustee gives any notice or takes any other action with respect to a claimed Default, the Company will, within 30 days following the date on which the Company becomes aware of such Default, receives notice
      of such Default or becomes aware of such action, as applicable, send to the Trustee an Officer’s Certificate specifying such event, its status and what action the Company is taking or proposes to take with respect thereof.

   

  Section 4.08         Limitation
        on Restricted Payments.

   

  (a)           From and after the Closing Date, the
      Company will not, and will not permit any of its Restricted Subsidiaries, directly or indirectly, to:

   

  (1)           declare or pay any dividend or make any
      distribution (whether made in cash, securities or other property) on or in respect of its or any of its Restricted Subsidiaries’ Capital Stock (including any payment in connection with any merger or consolidation involving the Company or any of its
      Restricted Subsidiaries) other than:

   

  (A)         dividends or distributions payable solely
      in Capital Stock of the Company (other than Disqualified Stock) or in options, warrants or other rights to purchase such Capital Stock (other than Disqualified Stock) of the Company; and

   

  (B)          dividends or distributions by a Restricted
      Subsidiary, so long as, in the case of any dividend or distribution payable on or in respect of any Capital Stock issued by a Restricted Subsidiary that is not a Wholly Owned Restricted Subsidiary, the Company or the Restricted Subsidiary holding
      such Capital Stock receives at least its pro rata share of such dividend or distribution;

   

  
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  (2)           purchase, redeem, retire or otherwise
      acquire for value, including in connection with any merger or consolidation, any Capital Stock of the Company or any Parent Entity held by Persons other than the Company or a Restricted Subsidiary;

   

  (3)           make any principal payment on, or
      purchase, repurchase, redeem, defease or otherwise acquire or retire for value, prior to any scheduled repayment, scheduled sinking fund payment or scheduled maturity, any Subordinated Obligations or Guarantor Subordinated Obligations, other than:

   

  (A)          Indebtedness of the Issuer owing to and
      held by any Guarantor or Indebtedness of a Guarantor owing to and held by the Issuer or any other Guarantor permitted under clause (5) of Section 4.09(b); or

   

  (B)          the purchase, repurchase, redemption,
      defeasance or other acquisition or retirement of Subordinated Obligations or Guarantor Subordinated Obligations of any Guarantor purchased in anticipation of satisfying a sinking fund obligation, principal installment or final maturity, in each case
      due within one year of the date of purchase, repurchase, redemption, defeasance or other acquisition or retirement; or

   

  (4)           make any Restricted Investment

   

  (all such payments and other actions referred to in clauses (1) through (4)
      of this Section 4.08(a) (other than any exception thereto) shall be referred to as a “Restricted Payment”), unless, at the time of and after giving effect to such Restricted Payment:

   

  (A)          no Event of Default shall have occurred
      and be continuing (or would immediately thereafter result therefrom);

   

  (B)          other than in the case of a Restricted
      Payment under clause (4) above, immediately after giving effect to such transaction on a pro forma basis, the Company could Incur $1.00 of additional Indebtedness under Section 4.09(a); and

   

  (C)          the aggregate amount of such Restricted
      Payment and all other Restricted Payments declared or made subsequent to the Closing Date (including Restricted Payments permitted by clauses (3) and (6) of Section 4.08(b) but excluding Restricted Payments permitted by all other clauses of Section
      4.08(b)) would not exceed the sum of (without duplication):

   

  (i)              50% of Consolidated Net Income for
      the period (treated as one accounting period) from the first day of the fiscal quarter in which the Closing Date occurs to and including the end of the most recent fiscal quarter ending prior to the date of such Restricted Payment for which financial
      statements are available (or, in case such Consolidated Net Income is a deficit, an amount equal to zero); plus

   

  
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  (ii)             100% of the aggregate Net Cash
      Proceeds and the Fair Market Value of marketable securities or other property received by the Company from the issue or sale of its Capital Stock (other than Disqualified Stock) or other capital contributions subsequent to the Closing Date (including
      the aggregate principal amount of any Indebtedness of the Company or a Restricted Subsidiary contributed to the Company or a Restricted Subsidiary for cancellation) or that becomes part of the capital of the Company or a Restricted Subsidiary through
      consolidation or merger subsequent to the Closing Date, other than:

   

  (x)       Net Cash Proceeds received from an
      issuance or sale of such Capital Stock to a Subsidiary of the Company or to an employee stock ownership plan, option plan or similar trust to the extent such sale to an employee stock ownership plan, option plan or similar trust is financed by loans
      from or Guaranteed by the Company or any Restricted Subsidiary unless such loans have been repaid with cash on or prior to the date of determination;

   

  (y)       Net Cash Proceeds received by the Company
      from the issue and sale of its Capital Stock or capital contributions to the extent applied in accordance with Section 4.08(b)(7)(A); and

   

  (z)       Excluded Contributions; plus

   

  (iii)            the amount by which Indebtedness of
      the Company or its Restricted Subsidiaries is reduced on the Company’s consolidated balance sheet upon the conversion or exchange (other than debt held by a Subsidiary of the Company) subsequent to the Closing Date of any Indebtedness of the Company
      or its Restricted Subsidiaries convertible or exchangeable for Capital Stock (other than Disqualified Stock) of the Company (less the amount of any cash, or the Fair Market Value of any other property, distributed by the Company upon such conversion
      or exchange); plus

   

  (iv)            the amount equal to the net reduction
      in Restricted Investments and received in respect of Restricted Investments made by the Company or any of its Restricted Subsidiaries in any Person resulting from:

   

  (x)       repurchases or redemptions of such
      Restricted Investments by such Person, proceeds realized upon the sale of such Restricted Investment to a purchaser that is not an Affiliate, repayments of loans or advances or other transfers of assets (including by way of dividend or distribution)
      by such Person to the Company or any Restricted Subsidiary (other than for reimbursement of tax payments), and the amount of any cancellation of any Guarantee or other contingent obligation constituting a Restricted Investment; or

   

  (y)       the redesignation of Unrestricted
      Subsidiaries as Restricted Subsidiaries or the merger or consolidation of an Unrestricted Subsidiary with and into the Company or any of its Restricted Subsidiaries (valued in each case as provided in the definition of “Investment”),

   

  which amount in each case under this clause (iv) was previously
      included in the calculation of the amount of Restricted Payments; provided, however, that no amount will be included under this clause (iv) to the extent it is already included in Consolidated Net Income; plus

   

  
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  (v)             the greater of (x) $75.0 million and
      (y) 25.0% of Consolidated EBITDA.

   

  (b)           The provisions of Section 4.08(a) will not
      prohibit:

   

  (1)           any purchase, repurchase, redemption,
      defeasance or other acquisition or retirement of Capital Stock, Disqualified Stock or Subordinated Obligations of the Issuer or Guarantor Subordinated Obligations of any Guarantor made by exchange for, or out of the proceeds of the substantially
      concurrent sale of, Capital Stock of the Company (other than Disqualified Stock and other than Capital Stock issued or sold to a Subsidiary or an employee stock ownership plan or similar trust to the extent such sale to an employee stock ownership
      plan or similar trust is financed by loans from or Guaranteed by the Company or any Restricted Subsidiary unless such loans have been repaid with cash on or prior to the date of determination); provided, however, that the Net Cash
      Proceeds from such sale of Capital Stock will be excluded from clause (C)(ii) of Section 4.08(a);

   

  (2)           any purchase, repurchase, redemption,
      defeasance or other acquisition or retirement of Subordinated Obligations of the Issuer or Guarantor Subordinated Obligations of any Guarantor made by exchange for, or out of the proceeds of the substantially concurrent sale of, Subordinated
      Obligations of the Issuer or any purchase, repurchase, redemption, defeasance or other acquisition or retirement of Guarantor Subordinated Obligations of any Guarantor made by exchange for or out of the proceeds of the substantially concurrent sale
      of Guarantor Subordinated Obligations of a Guarantor, so long as such refinancing Subordinated Obligations or Guarantor Subordinated Obligations are permitted to be Incurred pursuant to Section 4.09 and constitute Refinancing Indebtedness;

   

  (3)           any purchase, repurchase, redemption,
      defeasance or other acquisition or retirement of Disqualified Stock of the Company or a Restricted Subsidiary made by exchange for or out of the proceeds of the substantially concurrent sale of Disqualified Stock of the Company or such Restricted
      Subsidiary, as the case may be, so long as such refinancing Disqualified Stock is permitted to be Incurred pursuant to Section 4.09 and constitutes Refinancing Indebtedness;

   

  (4)           the purchase, repurchase, redemption,
      defeasance or other acquisition or retirement for value of any Subordinated Obligation (A) at a purchase price not greater than 101% of the principal amount of such Subordinated Obligation in the event of a Change of Control Triggering Event in
      accordance with provisions similar to Section 4.15 or (B) at a purchase price not greater than 100% of the principal amount thereof in accordance with provisions similar to Section 4.16; provided that, prior to or simultaneously with such
      purchase, repurchase, redemption, defeasance or other acquisition or retirement, the Issuer has made the Change of Control Offer or Asset Disposition Offer, as applicable, as provided in such covenant with respect to the Notes and has completed the
      repurchase or redemption of all Notes validly tendered for payment in connection with such Change of Control Offer or Asset Disposition Offer;

   

  (5)           any purchase or redemption of
      Subordinated Obligations or Guarantor Subordinated Obligations from Net Available Cash to the extent permitted under Section 4.16;

   

  
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  (6)           dividends paid within 60 days after the
      date of declaration if at such date of declaration such dividend would have complied with this Section 4.08 or the redemption of Indebtedness within 60 days after giving notice of redemption thereof if, at the date of such redemption notice, such
      redemption would have complied with this Section 4.08;

   

  (7)           the purchase, redemption or other
      acquisition (including by cancellation of Indebtedness), cancellation or retirement for value of Capital Stock or equity appreciation rights of the Company or any Parent Entity of the Company held by any future, existing or former directors,
      officers, employees, contractors, consultants or advisors (or their respective Immediate Family Members) of the Company or any Subsidiary or Parent Entity of the Company, in each case in connection with a stock option or stock purchase plan or
      agreement, management equity plan, phantom equity plan or any other management, employee benefit or other compensatory plan or agreement (and any successor plans or arrangements thereto), employment, termination or severance agreement, or any stock
      subscription or equityholder agreement, including any Capital Stock rolled over, accelerated or paid out by or to any director, officer, employee, contractor, consultant or advisor (or their respective Immediate Family Members) of the Company or any
      of its Subsidiaries or any Parent Entity in connection with any transaction, or upon their death, disability or termination; provided that such redemptions, repurchases or other acquisitions pursuant to this clause will not exceed the greater of (x)
      $15.0 million and (y) 5.0% of Consolidated EBITDA in the aggregate in any fiscal year; provided, further, that any amount not so made as a Restricted Payment in the fiscal year for which it is permitted may be carried over to be made as a Restricted
      Payment in subsequent fiscal years, so long as the aggregate amount of all Restricted Payments made in reliance on this clause (7) in any fiscal year does not exceed the greater of (x) $30.0 million and (y) 10.0% of Consolidated EBITDA, although such
      amounts in any fiscal year may be increased by an amount not to exceed:

   

  (A)          the Net Cash Proceeds from the sale of
      Capital Stock (other than Disqualified Stock) of the Company and, to the extent contributed to the Company, the Net Cash Proceeds from the sale of Capital Stock of any Parent Entity, in each case to future, existing or former directors, officers,
      employees, contractors, consultants or advisors (or their respective Immediate Family Members) of the Company, or any of its Subsidiaries or Parent Entities that occurs after the Closing Date, to the extent the Net Cash Proceeds from the sale of such
      Capital Stock have not otherwise been applied to the payment of Restricted Payments by virtue of clause (C) of Section 4.08(a); plus

   

  (B)          the cash proceeds of key man life
      insurance policies received by the Company or its Restricted Subsidiaries (or any Parent Entity to the extent contributed to the Company) after the Closing Date;

   

  (C)          the amount of any cash bonuses otherwise
      payable to future, present or former directors, officers, employees, contractors, consultants or advisors (or their respective Immediate Family Members) of the Company, or any of its Subsidiaries or Parent Entities that are foregone in exchange for
      the receipt of Capital Stock of the Company or any Parent Entity pursuant to any compensation arrangement, including any deferred compensation plan; less

   

  (D)          the amount of any Restricted Payments made
      since the Issue Date with the Net Cash Proceeds described in clauses (A), (B) and (C) of this clause (7);

   

  
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  (8)           the declaration and payment of
      dividends to holders of any class or series of Disqualified Stock of the Company issued in accordance with the terms of this Indenture to the extent such dividends are included in the definition of “Consolidated Interest Expense”;

   

  (9)           repurchases of Capital Stock deemed to
      occur upon the exercise, conversion or exchange of stock options, warrants, other rights to purchase Capital Stock or other convertible or exchangeable securities if such Capital Stock represents all or a portion of the exercise price thereof;

   

  (10)         the distribution, by dividend or
      otherwise, of shares of Capital Stock of Unrestricted Subsidiaries or Indebtedness owed to the Company or a Restricted Subsidiary by an Unrestricted Subsidiary (other than Unrestricted Subsidiaries, substantially all the assets of which are cash
      and/or Cash Equivalents);

   

  (11)         any payment of cash by the Company in
      respect of fractional shares of the Company’s Capital Stock upon the exercise, conversion or exchange of any stock options, warrants, other rights to purchase Capital Stock or other convertible or exchangeable securities;

   

  (12)         any payment of cash by the Company or
      any Subsidiary issuer to a holder of Convertible Notes upon conversion or exchange of such Convertible Notes, which cash payment is made at the election of the Company or such Subsidiary and does not exceed an amount equal to the principal amount of
      the Convertible Notes that are converted or exchanged and any accrued interest paid thereon;

   

  (13)         the purchase of any Permitted Bond
      Hedge;

   

  (14)         any redemption, defeasance, repurchase,
      exchange or other acquisition or retirement of Subordinated Indebtedness or Guarantor Subordinated Indebtedness in an aggregate amount not to exceed the greater of (x) $45.0 million and (y) 15.0% of Consolidated EBITDA in the aggregate;

   

  (15)         any Restricted Payment, so long as
      immediately after giving effect to such Restricted Payment, the Net Leverage Ratio is equal to or less than 3.00 to 1.00 on a pro forma basis;

   

  (16)         Restricted Payments in an aggregate
      amount outstanding at the time made not to exceed the greater of (x) $90.0 million and (y) 30.0% of Consolidated EBITDA at such time;

   

  (17)         Restricted Payments in an aggregate
      amount in any fiscal year not to exceed an amount equal to 1.0% of the Market Capitalization; provided that at least one class of the Company’s Common Stock has been listed on Nasdaq (or, if the primary listing of such Common Stock is on another
      exchange, on such other exchange) for 30 consecutive trading days immediately preceding the date of declaration of such Restricted Payment;

   

  (18)         Restricted Payments that are made (a) in
      an amount not to exceed the amount of Excluded Contributions or (b) in an amount equal to the amount of Net Cash Proceeds from an asset sale or disposition in respect of property or assets acquired, if the acquisition of such property or assets were
      financed with Excluded Contributions;

   

  
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  (19)         distributions or payments of Receivables
      Fees, sales contributions and other transfers of Receivables and purchases of Receivables, in each case in connection with a Receivables Financing Transaction or other similar arrangement permitted by this Indenture;

   

  (20)         Restricted Payments constituting any
      part of a Permitted Reorganization;

   

  (21)         any Restricted Payments in respect of
      required withholding or similar non-U.S. taxes with respect to any future, existing or former directors, officers, employees, contractors, consultants or advisors (or their respective Immediate Family Members) of the Company or any Subsidiary or
      Parent Entity of the Company and any repurchases of Capital Stock in consideration of such payments, including deemed repurchases in connection with the exercise of stock options or the issuance of restricted stock units or similar stock based
      awards;

   

  (22)         any Restricted Payment made in
      connection with the Transactions and any fees, costs and expenses (including all legal, accounting and other professional fees, costs and expenses) related thereto, or used to fund amounts owed to Affiliates in connection with the Transactions;

   

  (23)         payments or distributions to dissenting
      stockholders pursuant to applicable law (including in connection with, or as a result of, exercise of dissenters’ or appraisal rights and the settlement of any claims or action (whether actual, contingent or potential)), pursuant to or in connection
      with a merger, amalgamation, consolidation or transfer of assets that complies with Article 5;

   

  (24)         Restricted Payments in an aggregate
      amount not to exceed an amount equal to the Declined Excess Proceeds; and

   

  (25)         Restricted Payments to the extent
      necessary to permit any Parent Entity:

   

  (A)          to pay general administrative costs and
      expenses (including corporate overhead, legal or similar expenses and customary salary, bonus and other benefits payable to future, existing or former directors, officers, employees, contractors, consultants or advisors (or their respective Immediate
      Family Members) of any Parent Entity) and franchise fees and taxes and similar fees, taxes and expenses required to maintain the organizational existence of such Parent Entity, in each case, which are reasonable and customary or incurred in the
      ordinary course of business, plus any reasonable and customary indemnification claims made by future, existing or former directors, officers, employees, contractors, consultants or advisors (or their respective Immediate Family Members) of any Parent
      Entity, in each case, to the extent attributable to the ownership or operations of Parent Entity or its Subsidiaries (but excluding, for the avoidance of doubt, the portion of any such amount, if any, that is attributable to the ownership or
      operations of any Subsidiary of any Parent Entity other than the Company or its Subsidiaries);

   

  (B)          for each taxable year during which the
      Company is a member of a group filing a consolidated, combined, unitary or similar return with a Parent Entity, to pay the consolidated, combined, unitary or similar income tax liabilities of such Parent Entity to the extent attributable to the
      income of the Company and its Subsidiaries that are members of such group, in an amount not to exceed the amount of such tax that would have been payable by the Company and such Subsidiaries for such taxable year if they were filing a separate
      consolidated, combined, unitary or similar tax return with the Company as the parent, taking into account any net operating loss or other attribute carry-overs not previously taken into account (but, for the avoidance of doubt, only to the extent
      eligible to be taken into account);

   

  
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  (C)          to pay audit and other accounting and
      reporting expenses of such Parent Entity to the extent attributable to any Parent Entity (but excluding, for the avoidance of doubt, the portion of any such expenses, if any, attributable to the ownership or operations of any Subsidiary of any Parent
      Entity other than the Company or its Subsidiaries);

   

  (D)          for the payment of insurance premiums to
      the extent attributable to any Parent Entity (but excluding, for the avoidance of doubt, the portion of any such premiums, if any, attributable to the ownership or operations of any Subsidiary thereof other than the Company or its Subsidiaries);

   

  (E)           to pay (x) fees and expenses related to
      debt or equity offerings, Investments or acquisitions (whether or not consummated) and (y) after the consummation of an initial public offering, costs of Public Company Costs; and

   

  (F)           to finance any Investment permitted under
      this Section 4.08 or the definition of “Permitted Investment” (provided that (x) any Restricted Payment under this subclause (F) shall be made substantially concurrently with the closing of such Investment and (y) the Parent Entity shall,
      promptly following the closing thereof, cause (I) all property acquired to be contributed to the Company or one or more of its Restricted Subsidiaries, or (II) the merger, consolidation or amalgamation of the Person formed or acquired into the
      Company or one or more of its Subsidiaries, in order to consummate such Investment or in compliance with the applicable requirements of the applicable provisions of this Section 4.08 or the definition of “Permitted Investment” as if undertaken
      as a direct Investment by the Company or the relevant Restricted Subsidiary);

   

  provided, however, that at the time of and
      after giving effect to, any Restricted Payment permitted under clauses (7), (14), (15), (16) and (17), no Event of Default shall have occurred and be continuing (or would immediately thereafter result therefrom).

   

  (c)           The amount of all Restricted Payments
      (other than cash) will be the Fair Market Value on the date of such Restricted Payment of the assets or securities proposed to be transferred or issued by the Company or such Restricted Subsidiary, as the case may be, pursuant to such Restricted
      Payment. The amount of any Restricted Payment paid in cash shall be its face amount.

   

  (d)           For purposes of determining compliance with
      this Section 4.08, in the event that a Restricted Payment or Investment (or portion thereof) meets the criteria of more than one of the categories of Restricted Payments permitted in Section 4.08(b), or is permitted pursuant to Section 4.08(a) and/or
      one or more of the clauses contained in the definition of “Permitted Investment,” the Company will be entitled to divide or classify (or later divide, classify or reclassify in whole or in part in its sole discretion) such Restricted Payment
      or Investment (or portion thereof) in any manner that complies with this Section 4.08, including as an Investment pursuant to one or more of the clauses contained in the definition of “Permitted Investment.”

   

  
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  (e)           To the extent any cash or any other
      property (other than Capital Stock of the Company which is not Disqualified Stock) is distributed by the Company or any of its Restricted Subsidiaries upon the conversion or exchange of any Indebtedness of the Company or its Restricted Subsidiaries
      convertible or exchangeable for Capital Stock of the Company, (1) any amount of such cash or property that exceeds the principal amount of the Indebtedness that is converted or exchanged and any accrued interest paid thereon (and only such excess
      amount) shall be deemed to be a Restricted Payment described in clause (2) of Section 4.08(a) and (2) the amount of such cash or property up to an amount equal to the principal amount of the Indebtedness that is converted or exchanged and any accrued
      interest paid thereon shall be deemed to be a Restricted Payment described in clause (3) of Section 4.08(a) if such Indebtedness is a Subordinated Obligation or Guarantor Subordinated Obligation. If the Company or any of its Restricted Subsidiaries
      repurchases any Indebtedness of the Company or its Restricted Subsidiaries convertible or exchangeable for Capital Stock of the Company in the open market at a price in excess of the principal amount of such Indebtedness and any accrued interest
      thereon, such excess amount (and only such excess amount) shall be deemed to be a Restricted Payment described in clause (2) of Section 4.08(a).

   

  (f)            If the Company or a Restricted Subsidiary
      makes a Restricted Payment which at the time of the making of such Restricted Payment would in the good faith determination of the Company be permitted under the provisions of this Indenture, such Restricted Payment shall be deemed to have been made
      in compliance with this Indenture notwithstanding any subsequent adjustments made in good faith to the Company’s financial statements affecting Consolidated Net Income or Consolidated EBITDA of the Company for any period.

   

  (g)           For the avoidance of doubt, this Section
      4.08 shall not restrict the making of any “AHYDO catch-up payment” with respect to, and required by the terms of, any Indebtedness of any Parent Entity, the Company or any of the Restricted Subsidiaries permitted to be incurred under the terms of
      this Indenture.

   

  Section 4.09         Limitation
        on Indebtedness.

   

  (a)           From and after the Closing Date, the
      Company will not, and will not permit any of its Restricted Subsidiaries to, directly or indirectly, Incur any Indebtedness (including Acquired Indebtedness); provided, however, that the Company and any of its Restricted Subsidiaries may Incur
      Indebtedness (including Acquired Indebtedness) if on the date thereof and after giving effect thereto on a pro forma basis (after giving effect to the application of the proceeds of such Incurrence) either (x) the Consolidated Coverage Ratio
      of the Company and its Restricted Subsidiaries would have been at least 2.00 to 1.00 or (y) the Net Leverage Ratio of the Company and its Restricted Subsidiaries would have been equal to or less than 4.50 to 1.00, in each case as if the additional
      Indebtedness had been incurred and the application of proceeds therefrom had occurred at the beginning of the Test Period; provided, further, that Non-Guarantor Restricted Subsidiaries may not Incur Indebtedness (including Acquired Indebtedness)
      pursuant to this Section 4.09(a) if, after giving pro forma effect to such Incurrence (including the application of the proceeds therefrom), more than an aggregate of the greater of (a) $90.0 million and (b) 30.0% of Consolidated EBITDA of
      the Company at the time of Incurrence of Indebtedness of Non-Guarantor Restricted Subsidiaries would be outstanding pursuant to this Section 4.09(a).

   

  (b)           The provisions of Section 4.09(a) will not
      prohibit the Incurrence of the following Indebtedness:

   

  (1)           Indebtedness of the Company or any
      Restricted Subsidiary Incurred under one or more Debt Facilities (including Indebtedness outstanding under the Senior Secured Credit Facilities on the Closing Date) and the issuance and creation of letters of credit and bankers’ acceptances
      thereunder (with undrawn trade letters of credit and reimbursement obligations relating to trade letters of credit satisfied within 30 days being excluded, and bankers’ acceptances being deemed to have a principal amount equal to the face amount
      thereof), in an aggregate amount outstanding at any one time not to exceed (a) $800.0 million, plus (b) the greater of (i) $300.0 million and (ii) 100.0% of Consolidated EBITDA, plus (c) an additional amount such that on a pro forma basis
      (after giving effect to the application of the proceeds of such Incurrence), the Secured Net Leverage Ratio is less than or equal to 3.50 to 1.00 (assuming, for purposes of the calculation of the Secured Net Leverage Ratio, that any unsecured
      Indebtedness Incurred under this clause (1) is treated as Secured Indebtedness);

   

  
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  (2)           Indebtedness represented by the Notes
      (including any related Note Guarantee), other than any Additional Notes and Note Guarantees in respect of such Additional Notes;

   

  (3)           Indebtedness of the Company and its
      Restricted Subsidiaries in existence on the Closing Date (other than Indebtedness described in clauses (1), (2), (4), (5), (6), (8), (12), (14) and (17) of this Section 4.09(b));

   

  (4)           Guarantees by (a) the Issuer or any
      Guarantor of Indebtedness permitted to be Incurred by the Issuer or any Guarantor in accordance with the provisions of this Indenture; provided that in the event such Indebtedness that is being Guaranteed is a Subordinated Obligation or a Guarantor
      Subordinated Obligation, then the related Guarantee shall be subordinated in right of payment to the Notes or the Note Guarantee, as the case may be, to the same extent as the Subordinated Obligation or Guarantor Subordinated Obligation, as
      applicable and (b) Non-Guarantor Restricted Subsidiaries of Indebtedness Incurred by any Restricted Subsidiary in accordance with the provisions of this Indenture;

   

  (5)           Indebtedness of the Company owing to
      and held by any Restricted Subsidiary (other than a Receivables Entity) or Indebtedness of a Restricted Subsidiary owing to and held by the Company or any other Restricted Subsidiary (other than a Receivables Entity); provided, however,
      that for purposes of this clause (5): (A) any subsequent issuance or transfer of Capital Stock or any other event which results in any such Indebtedness being beneficially held by a Person other than the Company or a Restricted Subsidiary of the
      Company (other than a Receivables Entity); and (B) any sale or other transfer of any such Indebtedness to a Person other than the Company or a Restricted Subsidiary of the Company (other than a Receivables Entity), shall be deemed, in each case under
      this clause (5), to constitute an Incurrence of such Indebtedness by the Company or such Restricted Subsidiary, as the case may be, as of the time of such issuance or transfer;

   

  (6)           Disqualified Stock or Preferred Stock
      of a Restricted Subsidiary held by the Company or any other Restricted Subsidiary (other than a Receivables Entity); provided, however, (A) any subsequent issuance or transfer of Capital Stock or any other event which results in such
      Disqualified Stock or Preferred Stock being beneficially held by a Person other than the Company or a Restricted Subsidiary of the Company (other than a Receivables Entity) and (B) any sale or other transfer of any such Disqualified Stock or
      Preferred Stock to a Person other than the Company or a Restricted Subsidiary of the Company (other than a Receivables Entity), shall be deemed, in each case under this clause (6), to constitute an Incurrence of such Disqualified Stock or Preferred
      Stock by such Subsidiary, as of the time of such issuance or transfer;

   

  
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  (7)           Indebtedness of (A) the Company or a
      Restricted Subsidiary Incurred to finance an acquisition, merger, amalgamation or consolidation, or Investment or (B) Persons Incurred and outstanding on the date on which such Person became a Restricted Subsidiary or all or substantially all of the
      assets of such Person were acquired by, or such Person was merged into, amalgamated or consolidated with, the Company or any Restricted Subsidiary (including designating an Unrestricted Subsidiary as a Restricted Subsidiary) (in the case of this
      clause (7)(B) of Section 4.09(b), other than Indebtedness Incurred (i) to provide all or any portion of the funds utilized to consummate the transaction or series of related transactions pursuant to which such Restricted Subsidiary became a
      Restricted Subsidiary or was otherwise acquired or merged with or into the Company or a Restricted Subsidiary or (ii) otherwise in connection with, or in contemplation of, such acquisition or merger); provided, however, that on a pro

        forma basis after giving effect to such acquisition, merger, amalgamation or consolidation, or Investment either:

   

  (A)          the Company would have been able to Incur
      $1.00 of additional Indebtedness pursuant to Section 4.09(a); or

   

  (B)          either (x) the Consolidated Coverage Ratio
      of the Company and its Restricted Subsidiaries would be greater than or equal to such ratio immediately prior to such Incurrence or (y) the Net Leverage Ratio of the Company and its Restricted Subsidiaries would be less than or equal to the Net
      Leverage Ratio immediately prior to giving effect to such Incurrence;

   

  (8)           Indebtedness under Hedging Obligations
      (excluding Hedging Obligations entered into for speculative purposes);

   

  (9)           (A) Indebtedness (including Capitalized
      Lease Obligations) of the Company or a Restricted Subsidiary Incurred to finance the acquisition, purchase, lease, construction or improvement of any property, real property, plant or equipment used or to be used in the business of the Company or
      such Restricted Subsidiary, whether through the direct purchase or acquisition of such property, real property, plant or equipment or through the purchase or acquisition of the Capital Stock of any Person owning such property, real property, plant or
      equipment, in an aggregate outstanding principal amount which, when taken together with the principal amount of all other Indebtedness Incurred pursuant to this clause (9)(A) and then outstanding and any outstanding Refinancing Indebtedness under
      clause (16) of this Section 4.09(b) Incurred to refinance Indebtedness initially Incurred pursuant to this clause (9)(A), will not exceed the greater of (x) $90.0 million and (y) 30.0% of Consolidated EBITDA at the time of Incurrence; and (B)
      Indebtedness arising out of Sale/Leaseback Transactions; provided the aggregate amount of all Attributable Indebtedness outstanding at any one time pursuant to this clause (9)(B) shall not exceed $75.0 million;

   

  (10)         Indebtedness of Non-Guarantor Restricted
      Subsidiaries in an aggregate amount outstanding at any one time not to exceed the greater of (x) $150.0 million and (y) 50.0% of Consolidated EBITDA at the time of Incurrence, and any Refinancing Indebtedness of a Non-Guarantor Restricted Subsidiary
      which serves to refinance any Indebtedness Incurred pursuant to this clause (10);

   

  (11)         Indebtedness Incurred by the Company or
      its Restricted Subsidiaries in respect of workers’ compensation claims, health, disability or other employee benefits or property, casualty or liability insurance, self-insurance obligations, performance, bid, surety, appeal, indemnity, judgment,
      advance payment (including progress premiums), customs, value added or other tax guarantees and similar bonds, instruments or obligations, and completion Guarantees (not for borrowed money) and warranties or relating to liabilities, obligations or
      guarantees, and similar obligations in the ordinary course of business or consistent with past practice;

   

  
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  (12)         Indebtedness arising from agreements of
      the Company or a Restricted Subsidiary providing for indemnification, adjustment of purchase price, earn-out or similar obligations, or letters of credit, surety bonds or performance bonds securing any obligations of the Company or any of its
      Restricted Subsidiaries pursuant to such agreements, in each case, Incurred or assumed in connection with the acquisition or disposition of any business or assets of the Company or any business, assets or Capital Stock of a Restricted Subsidiary or
      any business, assets or Capital Stock of any Person, other than Guarantees of Indebtedness Incurred by any Person acquiring all or any portion of such business, assets or Capital Stock for the purpose of financing such acquisition; provided that,

      with respect to a disposition, the maximum aggregate liability in respect of all such Indebtedness shall at no time exceed the gross proceeds, including non-cash proceeds (the Fair Market Value of such non-cash proceeds being measured at the time
      received and without giving effect to subsequent changes in value) actually received by the Company and its Restricted Subsidiaries in connection with such disposition;

   

  (13)         Indebtedness arising from (A) the
      honoring by a bank or other financial institution of a check, draft or similar instrument drawn against insufficient funds in the ordinary course of business or consistent with past practice; provided, however, that such Indebtedness
      is extinguished within five Business Days of Incurrence and (B) customer deposits and advance payments (including progress premiums) received from customers for goods or services purchased in the ordinary course of business or consistent with past
      practice;

   

  (14)         Indebtedness Incurred in any Receivables
      Financing Transaction, or any outstanding Refinancing Indebtedness under clause (16) of this Section 4.09(b) Incurred to refinance Indebtedness initially Incurred pursuant to this clause (14); provided that the aggregate amount of all
      Indebtedness outstanding at any one time pursuant to this clause (14) shall not exceed $150.0 million;

   

  (15)         Indebtedness related to letters of
      credit, bankers’ acceptances, discounted bills of exchange, warehouse receipts, guarantees or other similar instruments or obligations issued or entered into, or relating to liabilities or obligations incurred in the ordinary course of business or
      consistent with past practice;

   

  (16)         the Incurrence or issuance by the
      Company or any Restricted Subsidiary of Refinancing Indebtedness that serves to refund or refinance any Indebtedness Incurred as permitted under Section 4.09(a) and clauses (2), (3), (7), (9), (14), (15), this clause (16), clause (23) and clause (26)
      of this Section 4.09(b), or any combination thereof, or any Indebtedness issued to so refund or refinance such Indebtedness, including additional Indebtedness Incurred to pay premiums (including tender premiums), dividends (in the case of
      Disqualified Stock, or Preferred Stock issued by Restricted Subsidiaries), defeasance and discharge costs, accrued interest, underwriting discounts, fees, costs and expenses (including original issue discount, upfront fees or similar fees) in
      connection therewith;

   

  (17)         (A) Indebtedness consisting of
      Indebtedness issued by the Company or any Restricted Subsidiary to future, existing or former directors, officers, employees, contractors, consultants or advisors (or their respective Immediate Family Members) of the Company or any Subsidiary or
      Parent Entity of the Company, in each case to finance the purchase, redemption or other acquisition of Capital Stock or equity appreciation rights of the Company or any Parent Entity thereof to the extent not prohibited by Section 4.08 and (B)
      Indebtedness consisting of obligations under deferred compensation or any other similar arrangements incurred in the ordinary course of business, consistent with past practice or as described in the Offering Memorandum;

   

  
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  (18)         Cash Management Obligations, including
      Cash Pooling Agreements, and guarantees in respect thereof incurred in the ordinary course of business or consistent with past practice;

   

  (19)         Indebtedness representing installment
      insurance premiums of the Company or any Restricted Subsidiary owing to insurance companies in the ordinary course of business or consistent with past practice;

   

  (20)         unsecured guarantees Incurred in the
      ordinary course of business or consistent with past practice by the Company or the Issuer of operating leases of Subsidiaries;

   

  (21)         obligations in respect of Disqualified
      Stock in an amount not to exceed the greater of (x) $30.0 million and (y) 10.0% of Consolidated EBITDA outstanding at the time of Incurrence;

   

  (22)         Indebtedness under any Supply Chain
      Financing;

   

  (23)         Indebtedness incurred for the benefit of
      joint ventures, and any outstanding Refinancing Indebtedness under clause (16) of this Section 4.09(b) Incurred to refinance Indebtedness initially Incurred pursuant to this clause (23), in an aggregate principal amount not to exceed the greater of
      (x) $30.0 million and (y) 10.0% of Consolidated EBITDA outstanding at the time of Incurrence;

   

  (24)         to the extent constituting Indebtedness,
      Guarantees (not for borrowed money) in the ordinary course of business of the obligations of suppliers, customers, franchisees and licensees of the Company and its Subsidiaries;

   

  (25)         Indebtedness incurred by the Company or
      any Restricted Subsidiary of the Company to the extent that the net proceeds thereof are promptly deposited to defease, redeem or to satisfy and discharge the Notes; and

   

  (26)         in addition to the items referred to in
      clauses (1) through (25) of this Section 4.09(b), Indebtedness of the Company and its Restricted Subsidiaries in an aggregate outstanding principal amount which, when taken together with the principal amount of all other Indebtedness Incurred
      pursuant to this clause (26) and then outstanding, and any outstanding Refinancing Indebtedness under clause (16) of this Section 4.09(b) Incurred to refinance Indebtedness initially Incurred pursuant to this clause (26), will not exceed the greater
      of (x) $150.0 million and (y) 50.0% of Consolidated EBITDA at the time of Incurrence.

   

  (c)           The Issuer will not Incur any Indebtedness
      under Section 4.09(b) if the proceeds thereof are used, directly or indirectly, to refinance any Subordinated Obligations of the Issuer unless such Indebtedness will be subordinated to the Notes to at least the same extent as such Subordinated
      Obligations. No Guarantor will Incur any Indebtedness under Section 4.09(b) if the proceeds thereof are used, directly or indirectly, to refinance any Guarantor Subordinated Obligations of such Guarantor unless such Indebtedness will be subordinated
      to the obligations of such Guarantor under its Note Guarantee to at least the same extent as such Guarantor Subordinated Obligations. No Indebtedness will be deemed to be contractually subordinated in right of payment to any other Indebtedness of the
      Issuer or Guarantors solely by virtue of being unsecured, by virtue of being secured on a junior priority basis, by reason of any liens or guarantees arising or created in respect thereof, or by virtue of the fact that the holders of any Secured
      Indebtedness have entered into intercreditor agreements giving one or more of such holders priority over the other holders in the collateral held by them.

   

  
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  (d)           For purposes of determining compliance with
      this Section 4.09:

   

  (1)           in the event that Indebtedness meets
      the criteria of more than one of the types of Indebtedness described in Section 4.09(b) or may be Incurred under Section 4.09(a), the Company, in its sole discretion, will classify such item of Indebtedness on the date of Incurrence and may later
      reclassify such item of Indebtedness in any manner that complies with Section 4.09(a) or Section 4.09(b) and will be entitled to divide the amount and type of such Indebtedness among more than one of such clauses of Section 4.09(a) or Section
      4.09(b); provided that all Indebtedness outstanding on the Closing Date under the Senior Secured Credit Facilities shall be deemed Incurred under clause (1)(a) of Section 4.09(b) (and not Section 4.09(a) or clause (3) of Section 4.09(b)) and
      may not later be reclassified;

   

  (2)           if obligations in respect of letters of
      credit, bankers’ acceptances or other similar instruments are Incurred pursuant to a Debt Facility and relate to other Indebtedness, then such letters of credit, bankers’ acceptances or other similar instruments shall be treated as Incurred pursuant
      to clause (1) or (15) of Section 4.09(b) and such other Indebtedness shall not be included;

   

  (3)           except as provided in clause (2) of
      this Section 4.09(d), Guarantees of, or obligations in respect of letters of credit relating to, Indebtedness that is otherwise included in the determination of a particular amount of Indebtedness shall not be included in the calculation of such
      particular amount;

   

  (4)           the amount of Indebtedness issued at a
      price that is less than the principal amount thereof will be equal to the amount of the liability in respect thereof determined in accordance with GAAP; and

   

  (5)           the principal amount of any
      Disqualified Stock of the Company or a Restricted Subsidiary, or Preferred Stock of a Restricted Subsidiary, will be equal to the greater of the maximum mandatory redemption or repurchase price (not including, in either case, any redemption or
      repurchase premium) or the liquidation preference thereof.

   

  (e)           Accrual of interest, accrual of dividends,
      the accretion of accreted value, the amortization of debt discount, the payment of interest in the form of additional Indebtedness, the payment of dividends in the form of additional shares of Preferred Stock or Disqualified Stock or the
      reclassification of commitments or obligations not treated as Indebtedness due to a change in GAAP will not be deemed to be an Incurrence of Indebtedness for purposes of this Section 4.09.

   

  (f)            If at any time an Unrestricted Subsidiary
      becomes a Restricted Subsidiary, any Indebtedness of such Subsidiary shall be deemed to be Incurred by a Restricted Subsidiary as of such date (and, if such Indebtedness is not permitted to be Incurred as of such date under this Section 4.09, the
      Company shall be in Default of this Section 4.09).

   

  (g)           For purposes of determining compliance with
      any U.S. dollar-denominated restriction on the Incurrence of Indebtedness, the U.S. dollar-equivalent principal amount of Indebtedness denominated in a foreign currency shall be calculated based on the relevant currency exchange rate in effect on the
      date such Indebtedness was Incurred, in the case of term Indebtedness, or first committed, in the case of revolving credit Indebtedness; provided that if such Indebtedness is Incurred to refinance other Indebtedness denominated in a foreign currency,
      and such refinancing would cause the applicable U.S. dollar- denominated restriction to be exceeded if calculated at the relevant currency exchange rate in effect on the date of such refinancing, such U.S. dollar-denominated restriction shall be
      deemed not to have been exceeded so long as the principal amount of such Refinancing Indebtedness does not exceed (a) the principal amount of such Indebtedness being refinanced plus (b) the aggregate amount of premiums (including tender premiums),
      dividends (in the case of Disqualified Stock, or Preferred Stock issued by Restricted Subsidiaries), defeasance and discharge costs, accrued interest, underwriting discounts, fees, costs and expenses (including original issue discount, upfront fees
      or similar fees) in connection with such refinancing. Notwithstanding any other provision of this Section 4.09, the maximum amount of Indebtedness that may be Incurred pursuant to this Section 4.09 shall not be deemed to be exceeded solely as a
      result of fluctuations in the exchange rate of currencies. The principal amount of any Indebtedness Incurred to refinance other Indebtedness, if Incurred in a different currency from the Indebtedness being refinanced, shall be calculated based on the
      currency exchange rate applicable to the currencies in which such Refinancing Indebtedness is denominated that is in effect on the date of such refinancing.

   

  
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  Section 4.10         Limitation
        on Liens.

   

  (a)           From and after the Closing Date, the
      Company will not, and will not permit any of its Restricted Subsidiaries to, directly or indirectly, create, Incur, assume or suffer to exist any Lien (other than Permitted Liens) (each, an “Initial Lien”) upon any of its property or assets
      (including Capital Stock of Subsidiaries), or income or profits therefrom, whether owned on the Closing Date or acquired after that date, which Initial Lien is securing any Indebtedness, unless contemporaneously with the Incurrence of such Initial
      Liens:

   

  (1)           in the case of Initial Liens securing
      Subordinated Obligations or Guarantor Subordinated Obligations, the Notes and related Note Guarantees are secured by a Lien on such property, assets or proceeds that is senior in lien priority to such Initial Liens; or

   

  (2)           in all other cases, the Notes and
      related Note Guarantees are equally and ratably secured or are secured by a Lien on such property, assets or proceeds that is senior in lien priority to such Initial Liens.

   

  (b)           Any Lien created for the benefit of Holders
      pursuant to this Section 4.10 shall be automatically and unconditionally released and discharged upon the release and discharge of each of the Initial Liens described in clauses (a)(1) and (a)(2) of this Section 4.10.

   

  (c)           With respect to any Lien securing
      Indebtedness that was permitted to secure such Indebtedness at the time of the Incurrence of such Indebtedness, such Lien shall also be permitted to secure any Increased Amount of such Indebtedness. The “Increased Amount” of any Indebtedness
      shall mean any increase in the amount of such Indebtedness in connection with any accrual of interest, the accretion of accreted value, the amortization of original issue discount, accretion of original issue discount or liquidation preference and
      increases in the amount of Indebtedness outstanding solely as a result of fluctuations in the exchange rate of currencies or increases in the value of property securing Indebtedness.

   

  Section 4.11         Future
        Guarantors.

   

  (a)           On and after the Closing Date, the Company
      will cause each Domestic Subsidiary that is a Wholly Owned Restricted Subsidiary (other than the Issuer, a Subsidiary Guarantor or any Excluded Subsidiary) that (1) is a borrower under, or that Guarantees the Obligations under, the Senior Secured
      Credit Facilities or any syndicated Debt Facility of the Issuer or any Guarantor incurred pursuant to clause (1)(a) of Section 4.09(b) or (2) is a co-issuer of or Guarantees the Obligations under any other capital markets debt securities of the
      Issuer or any Guarantor, in each case in a principal amount in excess of the greater of (x) $45.0 million and (y) 15.0% of Consolidated EBITDA, to within 30 days execute and deliver to the Trustee a supplemental indenture substantially in the form
      attached hereto as Exhibit C pursuant to which such Domestic Subsidiary will irrevocably and unconditionally Guarantee, on a joint and several basis, the full and prompt payment of the principal of premium, if any, and interest in respect of
      the Notes on a senior basis and all other Obligations under this Indenture.

   

  
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  (b)           The Company may elect, in its sole
      discretion, to cause or allow, as the case may be, any Subsidiary of the Company or any of its Parent Entities that is not otherwise required to be a Guarantor to become a Guarantor, in which case, such Subsidiary or Parent Entity shall not be
      required to comply with the 30-day period described above.

   

  (c)           The obligations of each Guarantor will be
      limited to the maximum amount as will, after giving effect to all other contingent and fixed liabilities of such Guarantor (including, without limitation, any Guarantees under the Senior Secured Credit Facilities) and after giving effect to any
      collections from or payments made by or on behalf of any other Guarantor in respect of the Obligations of such other Guarantor under its Note Guarantee or pursuant to its contribution Obligations under this Indenture, result in the Obligations of
      such Guarantor under its Note Guarantee not constituting a fraudulent conveyance or fraudulent transfer under federal or state law.

   

  Section 4.12         Limitation
        on Restrictions on Distributions from Restricted Subsidiaries.

   

  (a)           From and after the Closing Date, the
      Company will not, and will not permit any Restricted Subsidiary to, directly or indirectly, create or otherwise cause or permit to exist or become effective any consensual encumbrance or consensual restriction on the ability of any Restricted
      Subsidiary to:

   

  (1)           pay dividends or make any other
      distributions on its Capital Stock to the Company or any of its Restricted Subsidiaries, or with respect to any other interest or participation in, or measured by, its profits, or pay any Indebtedness or other obligations owed to the Company or any
      Restricted Subsidiary (it being understood that the priority of any Preferred Stock in receiving dividends or liquidating distributions prior to dividends or liquidating distributions being paid on Common Stock shall not be deemed a restriction on
      the ability to make distributions on Capital Stock);

   

  (2)           make any loans or advances to the
      Company or any Restricted Subsidiary (it being understood that the subordination of loans or advances made to the Company or any Restricted Subsidiary to other Indebtedness Incurred by the Company or any Restricted Subsidiary shall not be deemed a
      restriction on the ability to make loans or advances); or

   

  (3)           sell, lease or transfer any of its
      property or assets to the Company or any Restricted Subsidiary (it being understood that such transfers shall not include any type of transfer described in clause (1) or (2) of this Section 4.12(a)).

   

  (b)           Section 4.12(a) will not prohibit
      encumbrances or restrictions existing under or by reason of:

   

  (1)           contractual encumbrances or
      restrictions in effect at or entered into on the Closing Date, including pursuant to (i) the Senior Secured Credit Facilities and related documentation and (ii) Hedging Obligations and other agreements or instruments (whether or not related to the
      Senior Secured Credit Facilities);

   

  (2)           this Indenture, the Notes and the Note
      Guarantees;

   

  
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  (3)           any agreement or other instrument of a
      Person acquired by the Company or any of its Restricted Subsidiaries in existence at the time of such acquisition (but not created in contemplation thereof), which encumbrance or restriction is not applicable to any Person, or the properties or
      assets of any Person, other than the Person and its Subsidiaries, or the property or assets of the Person and its Subsidiaries, so acquired (including after-acquired property);

   

  (4)           any encumbrance or restriction pursuant
      to any amendment, restatement, modification, renewal, supplement, refunding, replacement or refinancing of an agreement referred to in this paragraph; provided, however, that such amendments, restatements, modifications, renewals, supplements,
      refundings, replacements or refinancings are, in the good faith judgment of the Company, not materially more restrictive, taken as a whole, than the encumbrances and restrictions contained in the agreements referred to in this paragraph on the
      Closing Date or the date such Restricted Subsidiary became a Restricted Subsidiary or was merged into a Restricted Subsidiary, whichever is applicable;

   

  (5)           in the case of clause (3) of Section
      4.12(a), Liens permitted to be Incurred under Section 4.10 that limit the right of the debtor to dispose of the assets subject to such Liens;

   

  (6)           agreements in respect of property
      acquired in the ordinary course of business or consistent with past practice and Capitalized Lease Obligations permitted under this Indenture, to the extent such encumbrance or restriction is customary for such purchase money obligation or
      Capitalized Lease Obligation;

   

  (7)           agreements in respect of the sale of
      assets, including customary restrictions with respect to a Subsidiary of the Company pursuant to an agreement that has been entered into for the sale or disposition of all or a portion of the Capital Stock or assets of such Subsidiary;

   

  (8)           restrictions on cash or other deposits
      or net worth imposed by customers or suppliers, or required by insurance, surety or bonding companies;

   

  (9)           any customary provisions in joint
      venture agreements relating to joint ventures that are not Restricted Subsidiaries, organizational documents, equityholder agreements and other similar agreements;

   

  (10)         any customary provisions (including
      anti-assignment, net worth and similar provisions) in leases, subleases or licenses and other agreements entered into by the Company or any Restricted Subsidiary;

   

  (11)         encumbrances or restrictions arising or
      existing by reason of applicable law or any applicable rule, regulation or order, or required by any regulatory authority;

   

  (12)         any Purchase Money Note or other
      Indebtedness or contractual requirements Incurred with respect to a Receivables Financing Transaction relating exclusively to a Receivables Entity that, in the good faith determination of Senior Management, are necessary to effect such Receivables
      Financing Transaction; and

   

  (13)         any agreement or instrument governing
      any Indebtedness, Disqualified Stock or Preferred Stock permitted to be incurred or issued under this Indenture that contains encumbrances and other restrictions that either (x) are no more restrictive in any material respect taken as a whole with
      respect to any Restricted Subsidiary than (i) the restrictions contained in this Indenture or the Senior Secured Credit Facilities as of the Closing Date or, in the case of any Refinancing Indebtedness, in the Indebtedness being refinanced, or (ii)
      those encumbrances and other restrictions that are in effect on the Closing Date with respect to that Restricted Subsidiary pursuant to agreements in effect on the Closing Date, (y) are not materially more disadvantageous, taken as a whole, to the
      Holders than is customary in comparable financings for similarly situated issuers or (z) will not otherwise materially impair the Issuer’s ability to make payments on the Notes when due, in each case in the good faith judgment of Senior Management;

   

  
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  (14)         any encumbrance or restriction:

   

  (A)          that restricts in a customary manner the
      subletting, assignment or transfer of any property or asset that is subject to a lease, license or similar contract or agreement, or the assignment or transfer of any lease, license or other contract or agreement;

   

  (B)          pursuant to customary provisions contained
      in mortgages, pledges, charges or other security agreements permitted under this Indenture or securing Indebtedness of the Company or a Restricted Subsidiary permitted under this Indenture to the extent such encumbrances or restrictions restrict the
      transfer or encumbrance of the property or assets subject to such mortgages, pledges, charges or other security agreements;

   

  (C)          pursuant to customary provisions contained
      in any trading, netting, operating, construction, service, supply, purchase, sale or other agreement to which the Company or any of its Restricted Subsidiaries is a party entered into in the ordinary course of business or consistent with past
      practice; provided that such agreement prohibits the encumbrance of solely the property or assets of the Company or such Restricted Subsidiary that are subject to such agreement, the payment rights arising thereunder or the proceeds thereof and does
      not extend to any other asset or property of the Company or such Restricted Subsidiary or the assets or property of another Restricted Subsidiary; or

   

  (D)          pursuant to customary provisions
      restricting dispositions of real property interests set forth in any reciprocal easement agreements of the Company or any Restricted Subsidiary;

   

  (15)         Indebtedness of Non-Guarantor Restricted
      Subsidiaries permitted to be Incurred or issued subsequent to the Closing Date pursuant to Section 4.09 that impose restrictions solely on the Non-Guarantor Restricted Subsidiaries party thereto and/or their Subsidiaries;

   

  (16)         any encumbrance or restriction pursuant
      to Hedging Obligations;

   

  (17)         any encumbrance or restriction arising
      pursuant to any documents relating to the Transactions; or

   

  (18)         any encumbrance or restriction pursuant
      to any amendment, restatement, modification, renewal, supplement, refunding, replacement or refinancing of an agreement referred to in this Section 4.12(b); provided, however, that such amendments, restatements, modifications, renewals, supplements,
      refundings, replacements or refinancings are, in the good faith judgment of the Company, not materially more restrictive, taken as a whole, than the encumbrances and restrictions contained in the agreements referred to in this Section 4.12(b) on the
      Closing Date or the date such Restricted Subsidiary became a Restricted Subsidiary or was merged into a Restricted Subsidiary, whichever is applicable.

   

  
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  Section 4.13         Designation
        of Restricted and Unrestricted Subsidiaries.

   

  (a)           From and after
        the Closing Date, the Company may designate any Restricted Subsidiary (including any newly acquired or newly formed Restricted Subsidiary) other than the Issuer as an “Unrestricted Subsidiary” under this Indenture (a “Designation”) only if:

   

  (1)           no Default or Event of Default has
      occurred and is continuing after giving effect to such Designation;

   

  (2)           the Restricted Subsidiary to be so
      designated and its Subsidiaries do not at the time of Designation own any Capital Stock or Indebtedness of, or own or hold any Lien with respect to, the Company or any other Restricted Subsidiary of the Company that is not a Restricted Subsidiary of
      the Restricted Subsidiary so designated;

   

  (3)           such Subsidiary is a Person with
      respect to which neither the Company nor any of its Restricted Subsidiaries has any direct or indirect obligation:

   

  (A)         to subscribe for additional Capital Stock
      of such Restricted Subsidiary; or

   

  (B)          to maintain or preserve such Subsidiary’s
      financial condition or to cause such Subsidiary to achieve any specified levels of operating results; and

   

  (4)           either (A) the Restricted Subsidiary to
      be so designated has total consolidated assets of $1,000 or less or (B) if such Restricted Subsidiary has consolidated assets greater than $1,000, then such Designation would be permitted under Section 4.08 or the definition of “Permitted
        Investment.”

   

  (b)           If, at any time, any Unrestricted
      Subsidiary would fail to meet the requirements under Section 4.13(a) as an Unrestricted Subsidiary, it shall thereafter cease to be an Unrestricted Subsidiary for purposes of this Indenture, and any Indebtedness of such Subsidiary shall be deemed to
      be Incurred as of such date.

   

  (c)           The Company may revoke any Designation of a
      Subsidiary as an Unrestricted Subsidiary (a “Revocation”) only if, immediately after giving effect to such Revocation:

   

  (1)           all Indebtedness and Liens of such
      Unrestricted Subsidiary outstanding immediately following such Revocation would, if Incurred at such time, have been permitted to be Incurred for all purposes of this Indenture; and

   

  (2)           no Default or Event of Default has
      occurred and is continuing after giving effect to such Revocation.

   

  (d)           Any such Designation or Revocation shall be
      evidenced to the Trustee by filing with the Trustee an Officer’s Certificate certifying that such Designation or Revocation complies with the foregoing conditions.

   

  
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  Section 4.14         Limitation
        on Affiliate Transactions.

   

  (a)           From and after the Closing Date, the
      Company will not, and will not permit any of its Restricted Subsidiaries to, directly or indirectly, enter into or conduct any transaction (including the purchase, sale, lease or exchange of any property or asset or the rendering of any service) with
      any Affiliate of the Company (an “Affiliate Transaction”) involving aggregate payments or consideration in excess of the greater of (i) $22.5 million and (ii) 7.5% of Consolidated EBITDA, unless:

   

  (1)           the terms of such Affiliate Transaction
      are, taken as a whole, no less favorable to the Company or such Restricted Subsidiary, as the case may be, than those that could have been obtained by the Company or such Restricted Subsidiary in a comparable transaction at the time of such
      transaction or the execution of the agreement providing for such transaction in arm’s-length dealings with a Person that is not an Affiliate; and

   

  (2)           in the event such Affiliate Transaction
      involves an aggregate consideration in excess of the greater of (i) $45.0 million and (ii) 15.0% of Consolidated EBITDA, either (x) the terms of such transaction have been approved by a majority of the members of such Board of Directors; or (y) the
      Company has received a written opinion from an Independent Financial Advisor stating that such Affiliate Transaction is fair to the Company or such Restricted Subsidiary from a financial point of view or stating that the terms, taken as a whole, are
      not materially less favorable than those that might reasonably have been obtained by the Company or such Restricted Subsidiary in a comparable transaction at such time on an arm’s-length basis from a Person that is not an Affiliate.

   

  (b)           Section 4.14(a) will not apply to:

   

  (1)           (A) any transaction between the Company
      and a Restricted Subsidiary or entity that becomes a Restricted Subsidiary as a result of such transaction (other than a Receivables Entity) or between or among Restricted Subsidiaries (other than a Receivables Entity or Receivables Entities) and (B)
      any Guarantees issued by the Company or a Restricted Subsidiary for the benefit of the Company or a Restricted Subsidiary, as the case may be, that is not prohibited by Section 4.09;

   

  (2)           Restricted Payments permitted to be
      made pursuant to Section 4.08 and Permitted Investments;

   

  (3)           any issuance of securities or other
      payments, awards or grants in cash, securities or otherwise pursuant to, or as the funding of, employment agreements and other compensation arrangements, options to purchase Capital Stock of the Company or any Restricted Subsidiary, restricted stock
      plans, long-term incentive plans, stock appreciation rights plans, participation plans, severance agreements or similar employee benefits plans and/or indemnity (including under insurance policies) and reimbursements provided on behalf of future,
      current or former directors, officers, employees, contractors, consultants or advisors (or their respective Immediate Family Members) approved by the Board of Directors;

   

  (4)           the payment of reasonable and customary
      fees paid to, and indemnity provided on behalf of, directors, officers, employees, contractors, consultants or advisors (or their respective Immediate Family Members) of the Company or any Restricted Subsidiary;

   

  (5)           loans or advances to employees,
      officers or directors of the Company or any Restricted Subsidiary or Parent Entity in the ordinary course of business or consistent with past practice, in an aggregate amount not to exceed the greater of (x) $15.0 million and (y) 5.0% of Consolidated
      EBITDA at any one time outstanding (without giving effect to the forgiveness of any such loan);

   

  
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  (6)           any transaction pursuant to any
      agreement as in effect as of the Closing Date, as these agreements may be amended, modified, supplemented, extended or renewed from time to time, so long as any such amendment, modification, supplement, extension or renewal is not more
      disadvantageous to the Holders in any material respect in the good faith judgment of the Board of Directors, when taken as a whole, than the terms of the agreements in effect on the Closing Date;

   

  (7)           any agreement between any Person and an
      Affiliate of such Person existing at the time such Person is acquired by or merged into the Company or a Restricted Subsidiary; provided that such agreement was not entered into in contemplation of such acquisition or merger, and any amendment
      thereto, so long as any such amendment is not disadvantageous to the Holders in the good faith judgment of the Board of Directors, when taken as a whole, as compared to the applicable agreement as in effect on the date of such acquisition or merger;

   

  (8)           transactions with customers, clients,
      suppliers, purchasers or sellers of goods or services, joint venture partners, contractors or distributors in each case in the ordinary course of the business or consistent with past practice of the Company and its Restricted Subsidiaries and
      otherwise in compliance with the terms of this Indenture; provided that in the reasonable determination of the Board of Directors or Senior Management, such transactions are on terms that are no less favorable to the Company or the relevant
      Restricted Subsidiary than those that could have been obtained at the time of such transactions in a comparable transaction by the Company or such Restricted Subsidiary with an unrelated Person;

   

  (9)           sales or other transfers or
      dispositions of accounts receivable and other related assets customarily transferred in an asset securitization transaction involving accounts receivable to a Receivables Entity in a Receivables Financing Transaction, and acquisitions of Permitted
      Investments in connection with a Receivables Financing Transaction;

   

  (10)         any issuance, sale or transfer of
      Capital Stock (other than Disqualified Stock) of the Company, any Parent Entity or any of its Restricted Subsidiaries or options, warrants or other rights to acquire such Capital Stock and the granting of registration and other customary rights (and
      the performance of the related obligations) in connection therewith or any contribution to capital of the Company or any Restricted Subsidiary;

   

  (11)         transactions with a Person that is an
      Affiliate of the Company or a Restricted Subsidiary arising solely because the Company or any Restricted Subsidiary owns any Capital Stock in, or controls, such Person;

   

  (12)         transactions between the Company or any
      Restricted Subsidiary and any other Person that would constitute an Affiliate Transaction solely because a director of such other Person is also a director of the Company or any Parent Entity; provided, however, that such director abstains from
      voting as a director of the Company or such Parent Entity, as the case may be, on any matter including such other Person;

   

  
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  (13)         the existence of, or the performance by
      the Company or any Restricted Subsidiary of its obligations under the terms of, any equityholders, investor rights or similar agreement (including any registration rights agreement or purchase agreements related thereto) to which it is party as of
      the Closing Date and any similar agreement that it (or any Parent Entity) may enter into thereafter; provided that the existence of, or the performance by the Company or any Restricted Subsidiary (or any Parent Entity) of its obligations under any
      future amendment to any such existing agreement or under any similar agreement entered into after the Closing Date will only be permitted under this clause to the extent that the terms of any such amendment or new agreement are not otherwise, when
      taken as a whole, more disadvantageous to the Holders in any material respect in the reasonable determination of the Board of Directors or Senior Management than those in effect on the Closing Date;

   

  (14)         (i) investments by Affiliates in
      securities or loans of the Company or any of its Restricted Subsidiaries (and payment of reasonable out-of-pocket expenses incurred by such Affiliates in connection therewith) so long as the investment is being offered by the Company or such
      Restricted Subsidiary generally to other non-affiliated third party investors on the same or more favorable terms and (ii) payments to Affiliates in respect of securities or loans of the Company or any of its Restricted Subsidiaries contemplated in
      the foregoing subclause (i) or that were acquired from Persons other than the Company and its Restricted Subsidiaries, in each case, in accordance with the terms of such securities or loans;

   

  (15)         payments by any Parent Entity, the
      Company or its Subsidiaries pursuant to any tax sharing agreements among any such Parent Entity, the Company and/or its Subsidiaries on customary terms to the extent attributable to the ownership or operation of the Company and its Subsidiaries;

   

  (16)         any transition services arrangement,
      supply arrangement or similar arrangement entered into in connection with or in contemplation of the disposition of assets or Capital Stock in any Restricted Subsidiary not prohibited by Section 4.16, in each case, that the Company determines in good
      faith is either fair to the Company or otherwise on customary terms for such type of arrangements in connection with similar transactions;

   

  (17)         (i) any lease entered into between the
      Company or any Restricted Subsidiary, as lessee, and any Affiliate of the Company, as lessor and (ii) any operational services or other arrangement entered into between the Company or any Restricted Subsidiary and any Affiliate of the Company, in
      each case, which is approved by the reasonable determination of the Board of Directors or Senior Management;

   

  (18)         intellectual property licenses and
      research and development agreements in the ordinary course of business or consistent with past practice;

   

  (19)         payments to or from, and transactions
      with, any Subsidiary or any joint venture in the ordinary course of business or consistent with past practice (including any cash management arrangements or activities related thereto);

   

  (20)         the payment of fees, costs and expenses
      related to registration rights and indemnities provided to equityholders pursuant to equityholders, investor rights, registration rights or similar agreements;

   

  (21)         any transaction in connection with a
      Permitted Reorganization;

   

  (22)         transactions undertaken in good faith
      (as certified by a responsible financial or accounting officer of the Company in an Officer’s Certificate) for the purposes of improving the consolidated tax efficiency of the Company and its Subsidiaries or Parent Entities and not for the purpose of
      circumventing any covenant set forth in this Indenture;

   

  
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  (23)         the Transactions and the payment of all
      fees, costs and expenses (including all legal, accounting and other professional fees, costs and expenses) related to the Transactions; and

   

  (24)         transactions in which the Company or any
      Restricted Subsidiary delivers to the Trustee a letter from an Independent Financial Advisor stating that such transaction is fair to the Company or such Restricted Subsidiary from a financial point of view or stating that the terms, taken as a
      whole, are not materially less favorable than those that might reasonably have been obtained by the Company or such Restricted Subsidiary in a comparable transaction at such time on an arm’s-length basis from a Person that is not an Affiliate.

   

  Section 4.15         Offer to
        Repurchase Upon Change of Control Triggering Event.

   

  (a)           If a Change of Control Triggering Event
      occurs, unless, prior to or concurrently with the time the Issuer is required to make a Change of Control Offer, the Issuer or a third-party has mailed or delivered, or otherwise sent through electronic transmission, a redemption notice with respect
      to all the outstanding Notes as described under Section 3.03 or Article 11, or makes an Alternate Offer, the Issuer will make an offer to purchase all of the Notes (the “Change of Control Offer”) at a purchase price in cash (the “Change of
        Control Payment”) equal to 101% of the aggregate principal amount of the Notes (or such higher amount as the Issuer may determine (such offer at a higher amount, an “Alternate Offer”)) plus accrued and unpaid interest, if any, to, but
      excluding, the date of purchase, subject to the right of Holders of record on a record date to receive any interest due on the Change of Control Payment Date (as defined below).

   

  (b)           No later than 30 days following any Change
      of Control Triggering Event, the Issuer will send a notice of such Change of Control Offer to each Holder or otherwise deliver notice in accordance with the applicable procedures of DTC, with a copy to the Trustee, stating:

   

  (1)           that a Change of Control Offer is being
      made and that all Notes properly tendered pursuant to such Change of Control Offer will be accepted for purchase by the Issuer;

   

  (2)           the purchase price and the purchase
      date (which shall be no earlier than 10 days nor later than 60 days from the date such notice is mailed or otherwise delivered in accordance with the applicable procedures of DTC), except in the case of a conditional Change of Control Offer made in
      advance of a Change of Control Triggering Event as described in clause (3) below (such purchase date, the “Change of Control Payment Date”);

   

  (3)           if such notice is delivered prior to
      the occurrence of a Change of Control Triggering Event, that the Change of Control Offer is conditioned upon the occurrence of such Change of Control Triggering Event or such other conditions specified therein and setting forth a brief description of
      the definitive agreement for the transaction that could result in the occurrence of the Change of Control Triggering Event, describing each such condition, and, if applicable, stating that, in the Issuer’s discretion, the Change of Control Payment
      Date may be delayed until such time (including more than 60 days after the notice is mailed or delivered, including by electronic transmission) as any or all such conditions shall be satisfied, or that such repurchase may not occur and such notice
      may be rescinded in the event that any or all such conditions shall not have been satisfied by the Change of Control Payment Date, or by the Change of Control Payment Date as so delayed or such notice or offer may be rescinded at any time in the
      Issuer’s sole discretion if the Issuer determines that any or all of such conditions will not be satisfied;

   

  
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  (4)           that unless the Issuer defaults in the
      payment of the Change of Control Payment, all Notes accepted for payment pursuant to the Change of Control Offer will cease to accrue interest on the Change of Control Payment Date; and

   

  (5)           the procedures determined by the
      Issuer, consistent with this Indenture, that a Holder must follow in order to have its Notes purchased.

   

  The notice, if mailed or delivered in a manner herein
      provided, shall be conclusively presumed to have been given, whether or not the Holder receives such notice. If (A) the notice is mailed or delivered in a manner herein provided and (B) any Holder fails to receive such notice or a Holder receives
      such notice but it is defective, such Holder’s failure to receive such notice or such defect shall not affect the validity of the proceedings for the purchase of the Notes as to all other Holders that properly received such notice without defect.

   

  (c)           On the Change of Control Payment Date, the
      Issuer will, to the extent lawful:

   

  (1)           accept for payment all Notes or
      portions of Notes (in principal amounts of $2,000 and integral multiples of $1,000 in excess thereof) properly tendered pursuant to the Change of Control Offer; provided that if, following purchase of a portion of a Note, the remaining
      principal amount of such Note outstanding immediately after such purchase would be less than $2,000, then the portion of such Note so purchased shall be reduced so that the remaining principal amount of such Note outstanding immediately after such
      purchase is $2,000;

   

  (2)           deposit with the Paying Agent an amount
      equal to the Change of Control Payment in respect of all Notes or portions of Notes so tendered; and

   

  (3)           deliver or cause to be delivered to the
      Trustee for cancellation the Notes so purchased together with an Officer’s Certificate stating the aggregate principal amount of Notes or portions of Notes being purchased by the Issuer is in accordance with this Section 4.15.

   

  (d)           The Paying Agent will promptly mail or wire
      transfer (or otherwise deliver in accordance with the Applicable Procedures) to each Holder of Notes so tendered the Change of Control Payment for such Notes, and the Issuer will promptly issue and, upon delivery of an authentication order from the
      Issuer, the Trustee will promptly authenticate and mail (or otherwise deliver in accordance with the Applicable Procedures) (or cause to be transferred by book entry) to each Holder a new Note (it being understood that, notwithstanding anything in
      this Indenture to the contrary, no Opinion of Counsel will be required for the Trustee to authenticate and mail, deliver or transfer such new Note) equal in principal amount to any unpurchased portion of the Notes surrendered, if any; provided that
      each such new Note will be in a principal amount of $2,000 or integral multiples of $1,000 in excess thereof.

   

  (e)           If the Change of Control Payment Date is on
      or after a Record Date and on or before the related Interest Payment Date, any accrued and unpaid interest to the Change of Control Payment Date will be paid on the Change of Control Payment Date to the Person in whose name a Note is registered at
      the close of business on such Record Date.

   

  (f)            The Issuer will not be required to make a
      Change of Control Offer upon a Change of Control Triggering Event if a third party makes the Change of Control Offer (including, for the avoidance of doubt, an Alternate Offer) in the manner, at the times and otherwise in compliance with the
      requirements set forth in this Section 4.15 applicable to a Change of Control Offer made by the Issuer and purchases all Notes validly tendered and not withdrawn under such Change of Control Offer. Notwithstanding anything to the contrary herein, a
      Change of Control Offer (including, for the avoidance of doubt, an Alternate Offer) may be made in advance of a Change of Control Triggering Event and conditioned upon the occurrence of such Change of Control Triggering Event and such other
      conditions specified therein, if a definitive agreement is in place for the transaction that could result in the occurrence of a Change of Control Triggering Event at the time the Change of Control Offer is made.

   

  
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  (g)           The Issuer will comply, to the extent
      applicable, with the requirements of Rule 14e-1 under the Exchange Act and any other securities laws or regulations in connection with the repurchase of Notes pursuant to a Change of Control Offer. To the extent that the provisions of any securities
      laws or regulations conflict with provisions of this Indenture, the Issuer will comply with the applicable securities laws and regulations and will not be deemed to have breached its obligations described in this Indenture by virtue of the conflict.
      The Issuer may rely on any no-action letters issued by the SEC indicating that the staff of the SEC will not recommend enforcement action in the event a tender offer satisfies certain conditions.

   

  (h)           The provisions of this Section 4.15
      relative to the Issuer’s obligation to make an offer to repurchase the Notes as a result of a Change of Control Triggering Event may be waived or modified with the written consent of the Holders of a majority in principal amount of the Notes prior to
      the time at which a Change of Control Triggering Event has occurred. A Change of Control Offer or Alternate Offer may be made at the same time as consents are solicited with respect to an amendment, supplement or waiver of this Indenture, the Notes
      and/or the Note Guarantees (but the Change of Control Offer may not condition tenders on the delivery of such consents). In addition, the Issuer or any third party that is making the Change of Control Offer (including, for the avoidance of doubt, an
      Alternate Offer) may, subject to applicable law, increase or decrease the Change of Control Payment (or decline to pay any early tender or similar premium) being offered to Holders at any time in its sole discretion, so long as the Change of Control
      Payment is at least equal to 101% of the aggregate principal amount of the Notes being repurchased, plus accrued and unpaid interest thereon, if any, to, but excluding, the date of purchase.

   

  Section 4.16         Asset
        Dispositions.

   

  (a)           From and after the Closing Date, the
      Company will not, and will not permit any of its Restricted Subsidiaries to, consummate any Asset Disposition unless:

   

  (1)           except in the case of an Asset
      Disposition of an Investment in a joint venture if and to the extent such an Asset Disposition is required by, or made pursuant to, buy/sell arrangements between the joint venture parties, the Company or such Restricted Subsidiary, as the case may
      be, receives consideration (including by way of relief from, or by any other Person assuming responsibility for, any liabilities, contingent or otherwise) at least equal to the Fair Market Value (such Fair Market Value to be determined on the date of
      contractually agreeing to such Asset Disposition) of the shares and assets subject to such Asset Disposition; and

   

  (2)           in any such Asset Disposition, or
      series of related Asset Dispositions, with a purchase price in excess of the greater of (x) $60.0 million and (y) 20.0% of Consolidated EBITDA, at least 75% of the consideration (to be determined on the date of contractually agreeing to such Asset
      Disposition) from such Asset Disposition, together with all other Asset Dispositions since the Closing Date as to which this clause (2) applies (on a cumulative basis) received by the Company or such Restricted Subsidiary, as the case may be, is in
      the form of cash or Cash Equivalents.

   

  
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  For the purposes of clause (2) of this Section 4.16(a)
      and for no other purpose, the following will be deemed to be cash:

   

  (1)           any Indebtedness or other liabilities
      (as shown on the Company’s or such Restricted Subsidiary’s most recent balance sheet) of the Company or any Restricted Subsidiary that are assumed by the transferee of any such assets and from which the Company and all Restricted Subsidiaries have
      been validly released by all creditors in respect of such Indebtedness or other liabilities in writing;

   

  (2)           any securities, notes or other
      obligations received by the Company or any Restricted Subsidiary from the transferee that are converted by the Company or such Restricted Subsidiary into cash or Cash Equivalents, or by their terms are required to be satisfied for cash and Cash
      Equivalents (to the extent of the cash or Cash Equivalents received) within 180 days following the closing of such Asset Disposition;

   

  (3)           any Designated Non-cash Consideration
      received by the Company or any of its Restricted Subsidiaries in such Asset Disposition having an aggregate Fair Market Value, taken together with all other Designated Non-cash Consideration received pursuant to this clause (3) that is at that time
      outstanding, not to exceed the greater of (x) $90.0 million and (y) 30.0% of Consolidated EBITDA 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 without giving effect to subsequent changes in value);

   

  (4)           any cash consideration paid to the
      Company or a Restricted Subsidiary in connection with the Asset Disposition that is held in escrow or on deposit to support indemnification, adjustment of purchase price or similar obligations in respect of such Asset Disposition;

   

  (5)           Additional Assets;

   

  (6)           consideration consisting of
      Indebtedness of the Company (other than Subordinated Indebtedness) received after the Closing Date from Persons who are not the Company or any Restricted Subsidiary; and

   

  (7)           any combination of the consideration
      specified in clauses (1) through (6) above.

   

  (b)           Within 450 days from the later of the date
      of such Asset Disposition and the receipt of such Net Available Cash from such Asset Disposition (as may be extended by an Acceptable Commitment as set forth below), an amount equal to 100% of the Net Available Cash from such Asset Disposition may be
      applied by the Company or such Restricted Subsidiary, as the case may be, as follows:

   

  (1)           to permanently reduce (and, in the case
      of a revolving Debt Facility (other than obligations in respect of any asset-based credit facility to the extent the assets sold or otherwise disposed of in connection with such Asset Disposition constituted “borrowing base assets”), permanently
      reduce commitments with respect thereto): (A) Secured Indebtedness under the Senior Secured Credit Facilities; or (B) Secured Indebtedness of the Issuer (other than any Disqualified Stock or Subordinated Obligations) or Secured Indebtedness of a
      Guarantor or any Indebtedness of a Non-Guarantor Restricted Subsidiary (other than any Disqualified Stock or Guarantor Subordinated Obligations), in each case other than Indebtedness owed to the Company or any Restricted Subsidiary of the Company;

   

  
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  (2)           to permanently reduce obligations under
      other Indebtedness of the Issuer (other than any Disqualified Stock or Subordinated Obligations) or Indebtedness of a Guarantor (other than any Disqualified Stock or Guarantor Subordinated Obligations), in each case other than Indebtedness owed to
      the Company or any Restricted Subsidiary of the Company; provided that the Issuer shall either (A) equally and ratably reduce Obligations under the Notes as provided under Section 3.07, through open market purchases at privately negotiated
      prices (which may be below 100% of the principal amount thereof) or (B) make an offer (in accordance with the procedures set forth in this Section 4.16 for an Asset Disposition Offer) to all Holders to purchase their Notes on a ratable basis at 100%
      of the principal amount thereof, in each case plus the amount of accrued but unpaid interest, if any, on the Notes that are purchased or redeemed;

   

  (3)           to make (i) any investment in
      Additional Assets, (ii) capital expenditures and (iii) any investment in any other property or other assets of the Company and its Restricted Subsidiaries that replace the businesses, properties and/or assets that are the subject of such Asset
      Disposition; or

   

  (4)           any combination of the foregoing;

   

  provided that in the case of clause (3), a binding commitment
      or letter of intent to invest in Additional Assets shall be treated as a permitted application of the Net Available Cash from the date of such commitment so long as the Company or a Restricted Subsidiary enters into such commitment or letter of
      intent with the good faith expectation that such Net Available Cash will be applied to satisfy such commitment within 180 days of such commitment or letter of intent (an “Acceptable Commitment”) and such Net Available Cash is actually applied
      in such manner within the later of 450 days from the consummation of the Asset Disposition and 180 days from the date of the Acceptable Commitment.

   

  Pending the final application of any such Net Available Cash in accordance
      with clause (1), (2), (3) or (4) of this Section 4.16(b), the Company and its Restricted Subsidiaries may temporarily reduce Indebtedness (including under a revolving Debt Facility) or otherwise invest such Net Available Cash in any manner not
      prohibited by this Indenture. The Company (or any Restricted Subsidiary, as the case may be) may elect to invest in Additional Assets prior to receiving the Net Available Cash attributable to any given Asset Disposition (provided that such
      investment shall be made no earlier than the earliest of the execution of a definitive agreement for the relevant Asset Disposition and consummation of the relevant Asset Disposition) and deem the amount so invested to be applied pursuant to and in
      accordance with the immediately preceding paragraph of this Section 4.16(b).

   

  (c)           Notwithstanding any other provisions of
      this Section 4.16, (i) to the extent that the application of any or all of the Net Available Cash of any Asset Disposition by a Foreign Holding Company or a Foreign Subsidiary (a “Foreign Disposition”) is (x) prohibited or materially delayed
      by applicable local law or (y) prohibited or materially delayed by applicable organizational documents or any agreement from being repatriated to the United States, an amount equal to the portion of such Net Available Cash so affected will not be
      required to be applied in compliance with this Section 4.16, and such amount may be retained by the Foreign Holding Company or the applicable Foreign Subsidiary; provided that if at any time within one year following the date on which the respective
      payment would otherwise have been required, such repatriation of any of such affected Net Available Cash is permitted under the applicable local law or the applicable organizational document or agreement, an amount equal to such amount of Net
      Available Cash so permitted to be repatriated will be promptly applied (net of any taxes, costs or expenses that would be payable or reserved against if such amounts were actually repatriated whether or not they are repatriated) in compliance with
      this Section 4.16 and (ii) to the extent that the Company has determined in good faith that repatriation of any or all of the Net Available Cash of any Foreign Disposition (or the obligation to do so) would have a material adverse tax consequence
      (which for the avoidance of doubt, includes, but is not limited to, the Company, any Restricted Subsidiary or any of their respective Affiliates and/or their equityholders potentially incurring a material tax liability, including as a result of a tax
      dividend, a deemed dividend pursuant to Section 956 of the Code or a withholding tax), the Net Available Cash so affected may be retained by the Foreign Holding Company or the applicable Foreign Subsidiary and an amount equal to such Net Available
      Cash will not be required to be applied in compliance with this Section 4.16 (and for the avoidance of doubt, there is no obligation to do otherwise). The non-application of any prepayment amounts as a consequence of the foregoing provisions will
      not, for the avoidance of doubt, constitute a Default or an Event of Default. For the avoidance of doubt, nothing in this Indenture shall be construed to require the Company or any Subsidiary to repatriate cash.

   

  
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  (d)           Any Net Available Cash from Asset
      Dispositions that is not applied or invested as provided and within the time period set forth in Section 4.16(b) shall be deemed to constitute “Excess Proceeds.” When the aggregate amount of Excess Proceeds exceeds the greater of (x) $75.0
      million and (y) 25.0% of Consolidated EBITDA, the Issuer will be required to make an offer (an “Asset Disposition Offer”) to all Holders and, to the extent required by the terms of any outstanding Pari Passu Indebtedness, to all holders of
      such Pari Passu Indebtedness, to purchase the maximum aggregate principal amount of Notes and any such Pari Passu Indebtedness that may be purchased out of the Excess Proceeds, at an offer price in cash in an amount equal to 100% of the principal
      amount thereof, plus accrued and unpaid interest, if any, to the date of purchase (subject to the right of Holders of record on a record date to receive interest due on the Asset Disposition Purchase Date (as defined below)), in accordance with the
      procedures set forth in Section 4.16(f) or the agreements governing the Pari Passu Indebtedness, as applicable, in the case of the Notes in integral multiples of $1,000; provided that if, following repurchase of a portion of a Note, the remaining
      principal amount of such Note outstanding immediately after such repurchase would be less than $2,000, then the portion of such Note so repurchased shall be reduced so that the remaining principal amount of such Note outstanding immediately after
      such repurchase is $2,000. The Issuer shall commence an Asset Disposition Offer with respect to Excess Proceeds by mailing (or otherwise communicating in accordance with the Applicable Procedures) the notice required pursuant to Section 4.16(f), with
      a copy to the Trustee. The Issuer may satisfy the foregoing obligations with respect to any Net Available Cash from an Asset Disposition by making an Asset Disposition Offer with respect to such Net Available Cash prior to the expiration of the
      relevant 450-day period (or such longer period provided above) or with respect to Excess Proceeds of the greater of (x) $75.0 million and (y) 25.0% of Consolidated EBITDA, or less.

   

  (e)           To the extent that the aggregate amount of
      Notes and Pari Passu Indebtedness validly tendered and not properly withdrawn pursuant to an Asset Disposition Offer is less than the Excess Proceeds (the “Declined Excess Proceeds”), the Issuer may use any remaining Excess Proceeds as
      Declined Excess Proceeds. If the aggregate principal amount of Notes and Pari Passu Indebtedness validly tendered and not properly withdrawn pursuant to an Asset Disposition Offer, exceeds the amount of Excess Proceeds, subject to the Applicable
      Procedures, the Trustee shall select the Notes to be purchased on a pro rata basis on the basis of the principal amount of tendered Notes and the selection of such Pari Passu Indebtedness shall be made pursuant to the terms of such Pari Passu
      Indebtedness. Upon completion of such Asset Disposition Offer, the amount of Excess Proceeds shall be reset at zero.

   

  
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  (f)            In the event that, pursuant to this
      Section 4.16, the Issuer is required to commence an Asset Disposition Offer, the Issuer will follow the procedures specified below.

   

  (1)           The Asset Disposition Offer will remain
      open for a period of 20 Business Days following its commencement, except to the extent that a longer period is required by applicable law (the “Asset Disposition Offer Period”). No later than five Business Days after the termination of the
      Asset Disposition Offer Period (the “Asset Disposition Purchase Date”), the Issuer will apply all Excess Proceeds to the purchase of the aggregate principal amount of Notes and, if applicable, Pari Passu Indebtedness (on a pro rata
      basis, if applicable) required to be offered for purchase pursuant to this Section 4.16 (the “Asset Disposition Offer Amount”) or, if less than the Asset Disposition Offer Amount has been so validly tendered, all Notes and Pari Passu
      Indebtedness validly tendered in response to the Asset Disposition Offer. Payment for any Notes so purchased will be made in the same manner as interest payments are made.

   

  (2)           If the Asset Disposition Purchase Date
      is on or after a Record Date and on or before the related Interest Payment Date, any accrued and unpaid interest to the Asset Disposition Purchase Date will be paid on the Asset Disposition Purchase Date to the Person in whose name a Note is
      registered at the close of business on such Record Date.

   

  (3)           Upon the commencement of an Asset
      Disposition Offer, the Issuer shall mail a notice (or, in the case of Global Notes, otherwise communicate in accordance with the Applicable Procedures) to each of the Holders, with a copy to the Trustee, which notice shall contain all instructions
      and materials necessary to enable such Holders to tender Notes pursuant to the Asset Disposition Offer. The Asset Disposition Offer shall be made to all Holders and, if required, all holders of Pari Passu Indebtedness. The notice, which shall govern
      the terms of the Asset Disposition Offer, shall state:

   

  (A)          that the Asset Disposition Offer is being
      made pursuant to this Section 4.16 and the length of time the Asset Disposition Offer shall remain open;

   

  (B)          the Asset Disposition Offer Amount, the
      purchase price, including the portion thereof representing any accrued and unpaid interest, and the Asset Disposition Purchase Date;

   

  (C)          that any Note not properly tendered or
      accepted for payment shall continue to accrue interest;

   

  (D)          that, unless the Issuer defaults in making
      such payment, any Note accepted for payment pursuant to the Asset Disposition Offer will cease to accrue interest on and after the Asset Disposition Purchase Date;

   

  (E)           that Holders electing to have a Note
      purchased pursuant to an Asset Disposition Offer may elect to have Notes purchased in integral multiples of $1,000 only;

   

  (F)           that Holders electing to have a Note
      purchased pursuant to any Asset Disposition Offer shall be required to surrender the Note, with the form entitled “Option of Holder to Elect Purchase” attached to the Note completed, or to transfer such Note by book-entry transfer, to the Company,
      the Depositary, if applicable, or a Paying Agent at the address specified in the notice prior to the close of business on the third Business Day preceding the Asset Disposition Purchase Date;

   

  
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  (G)          that, if the aggregate principal amount of
      Notes and Pari Passu Indebtedness surrendered by the holders thereof exceeds the Asset Disposition Offer Amount, then the Notes and such Pari Passu Indebtedness will be purchased on a pro rata basis based on the aggregate accreted value or
      principal amount, as applicable, of the Notes or such Pari Passu Indebtedness validly tendered and not properly withdrawn and the selection of the Notes for purchase shall be made by the Trustee by lot, on a pro rata basis or by such other
      method as the Trustee in its sole discretion shall deem to be fair and appropriate, although no Note having a principal amount of $2,000 shall be purchased in part; and

   

  (H)          that Holders
        whose Notes were purchased only in part shall be issued new Notes equal in principal amount to the unpurchased portion of the Notes surrendered (or transferred by book-entry transfer) representing the same Indebtedness to the extent not
      repurchased.

   

  (4)           On or before the Asset Disposition
      Purchase Date, the Issuer will, to the extent lawful, accept for payment, on a pro rata basis to the extent necessary, the Asset Disposition Offer Amount of Notes and Pari Passu Indebtedness or portions thereof validly tendered and not properly
      withdrawn pursuant to the Asset Disposition Offer, or, if less than the Asset Disposition Offer Amount has been validly tendered and not properly withdrawn, all Notes and Pari Passu Indebtedness so tendered, in the case of the Notes in integral
      multiples of $1,000; provided that if, following repurchase of a portion of a Note, the remaining principal amount of such Note outstanding immediately after such repurchase would be less than $2,000, then the portion of such Note so repurchased
      shall be reduced so that the remaining principal amount of such Note outstanding immediately after such repurchase is $2,000. The Issuer will deliver, or cause to be delivered, to the Trustee the Notes so accepted and an Officer’s Certificate stating
      the aggregate principal amount of Notes so accepted and that such Notes were accepted for payment by the Issuer in accordance with the terms of this Section 4.16.

   

  (5)           The paying agent or the Issuer, as the
      case may be, will promptly, but in no event later than five Business Days after termination of the Asset Disposition Offer Period, mail or wire transfer (or otherwise deliver in accordance with the Applicable Procedures) to each tendering Holder or
      holder or lender of Pari Passu Indebtedness, as the case may be, an amount equal to the purchase price of the Notes or Pari Passu Indebtedness so validly tendered and not properly withdrawn by such holder or lender, as the case may be, and accepted
      by the Issuer for purchase, and the Issuer will promptly issue a new Note, and the Trustee, upon delivery of an Authentication Order from the Issuer, will authenticate and mail (or otherwise deliver in accordance with the Applicable Procedures) such
      new Note to such Holder (it being understood that, notwithstanding anything in this Indenture to the contrary, no Opinion of Counsel will be required for the Trustee to authenticate and mail or deliver such new Note) in a principal amount equal to
      any unpurchased portion of the Note surrendered; provided that each such new Note will be in a principal amount of $2,000 or an integral multiple of $1,000 in excess thereof. Any Note not so accepted will be promptly mailed or delivered by the Issuer
      to the Holder thereof.

   

  (6)           The Issuer will comply, to the extent
      applicable, with the requirements of Rule 14e-1 under the Exchange Act and any other securities laws or regulations in connection with the repurchase of Notes pursuant to an Asset Disposition Offer. To the extent that the provisions of any securities
      laws or regulations conflict with provisions of this Indenture, the Issuer will comply with the applicable securities laws and regulations and will not be deemed to have breached its obligations under this Indenture by virtue of any conflict. The
      Issuer may rely on any no-action letters issued by the SEC indicating that the staff of the SEC will not recommend enforcement action in the event a tender offer satisfies certain conditions.

   

  
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  (7)           An Asset Disposition Offer may be made
      at the same time as consents are solicited with respect to an amendment, supplement or waiver of this Indenture, Notes and/or Note Guarantees (but the Asset Disposition Offer may not condition tenders on the delivery of such consents).

   

  (g)           To the extent that any portion of Net
      Available Cash payable in respect of the Notes is denominated in a currency other than U.S. dollars, the amount thereof payable in respect of the Notes shall not exceed the net amount of funds in dollars that is actually received by the Issuer upon
      converting such portion into U.S. dollars.

   

  (h)           The provisions of this Section 4.16 with
      respect to the Issuer’s obligation to make an Asset Disposition Offer may be waived or modified with the written consent of the Holders of a majority in principal amount of the Notes prior to the time at which the obligation to make an Asset
      Disposition Offer arises.

   

  Section 4.17         Effectiveness

        of Covenants.

   

  (a)           Following the first day (such date, a “Suspension

        Date”):

   

  (1)           the Notes have an Investment Grade
      Rating from any two of the three Rating Agencies;

   

  (2)           no Default has occurred and is
      continuing under this Indenture; and

   

  (3)           the Issuer has delivered to the Trustee
      an Officer’s Certificate certifying to the foregoing clauses (1) and (2),

   

  the Company and its Restricted Subsidiaries will not be subject to the
      provisions of Sections 4.08, 4.09, 4.11, 4.12, 4.14 and 4.16 and clause (4) of Section 5.01(a) (collectively, the “Suspended Covenants”).

   

  (b)           If at any time after a Suspension Date the
      Notes’ credit rating is downgraded from an Investment Grade Rating by any Rating Agency or if a Default or Event of Default occurs and is continuing, then the Suspended Covenants will thereafter be reinstated as if such covenants had never been
      suspended (the “Reinstatement Date”) and be applicable pursuant to the terms of this Indenture (including in connection with performing any calculation or assessment to determine compliance with the terms of this Indenture), unless and until
      the Notes subsequently attain an Investment Grade Rating from any two of the three Rating Agencies and no Default or Event of Default is in existence (in which event the Suspended Covenants shall no longer be in effect for such time that the Notes
      maintain an Investment Grade Rating from any two of the three Rating Agencies and no Default or Event of Default is in existence). Notwithstanding that the Suspended Covenants may be reinstated on and after the Reinstatement Date, (i) no Default,
      Event of Default or breach of any kind shall be deemed to exist or have occurred under this Indenture, the Notes or the Note Guarantees with respect to the Suspended Covenants based on, and none of the Company or any of its Subsidiaries shall bear
      any liability for, any actions taken or events occurring during the Suspension Period (as defined below), or any actions taken at any time pursuant to any contractual obligation arising during a Suspension Period, in each case regardless of whether
      such actions or events would have been permitted if the applicable Suspended Covenants remained in effect during such period and (ii) on or following a Reinstatement Date, the Company and each Restricted Subsidiary will be permitted, without causing
      a Default or Event of Default, to honor, comply with or otherwise perform any contractual commitments or obligations arising during any Suspension Period and to consummate the transactions contemplated thereby.

   

  
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  (c)           The period of time between (and including)
      the Suspension Date and the Reinstatement Date (but excluding the Reinstatement Date) is referred to as the “Suspension Period.” The Note Guarantees of the Subsidiary Guarantors (and not, for the avoidance of doubt, the Note Guarantee of the
      Company) will be suspended and/or released to the extent applicable under clause (9) of Section 10.06(a) during the Suspension Period. Additionally, upon the occurrence of the Suspension Date, the amount of Excess Proceeds from any Asset Disposition
      shall be reset at zero. On the Reinstatement Date, all Indebtedness Incurred during the Suspension Period will be classified to have been Incurred pursuant to clause (3) of Section 4.09(b). Calculations made after the Reinstatement Date of the amount
      available to be made as Restricted Payments under Section 4.08 will be made as though Section 4.08 had been in effect prior to, but not during, the Suspension Period. Any Affiliate Transaction entered into on or after the Reinstatement Date pursuant
      to an agreement entered into during any Suspension Period shall be deemed to be permitted pursuant to clause (6) of Section 4.14(b). Any encumbrance or restriction on the ability of any Restricted Subsidiary to take any action described in clauses
      (1) through (3) of Section 4.12(a) that becomes effective during any Suspension Period shall be deemed to be permitted pursuant to clause (1) of Section 4.12(b). All Liens created, incurred or assumed during the Suspension Period in compliance with
      this Indenture will be deemed to have been outstanding on the Closing Date, so that they are classified as permitted under clause (13) of the definition of “Permitted Liens.” All Investments made during the Suspension Period will be classified
      to have been made under clause (9) of the definition of “Permitted Investment.” During any period when the Suspended Covenants are suspended, the Board of Directors of the Issuer may not designate any of the Issuer’s Subsidiaries as
      Unrestricted Subsidiaries pursuant to this Indenture unless the Issuer’s Board of Directors would have been able, under the terms of this Indenture, to designate such Subsidiaries as Unrestricted Subsidiaries if the Suspended Covenants were not
      suspended.

   

  (d)           Promptly following the occurrence of any
      Suspension Date or Reinstatement Date, the Company will provide an Officer’s Certificate to the Trustee regarding such occurrence, but no Default or Event of Default shall occur as a result of the failure to provide such notice. The Trustee shall
      have no obligation to independently determine or verify if a Suspension Date or Reinstatement Date has occurred or notify the Holders of any Suspension Date or Reinstatement Date. The Trustee may provide a copy of such Officer’s Certificate to any
      Holder of Notes upon request.

   

  Section 4.18         Activities
        of the Issuer prior to consummation of the Distribution and the Merger.

   

  Prior to the consummation of the Distribution and the
      Merger, the Issuer will not engage in any business activity or enter into any transaction or agreement, except any activities, transactions or agreements as necessary or appropriate to effectuate the Transactions or to maintain its corporate
      existence, performing its obligations in respect of the Senior Secured Credit Facilities, this Indenture and the Notes and, if applicable, redeeming the Notes pursuant to the provisions described under paragraph 5(a) of the Initial Notes and
      conducting such other activities as are necessary or appropriate or reasonably incidental to carrying out the activities described above.

   

  
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  ARTICLE 5

      

      SUCCESSORS

   

  Section 5.01         Merger,
        Consolidation or Sale of All or Substantially All Assets.

   

  (a)           From and after the Closing Date, neither
      the Issuer nor the Company will consolidate with or merge with or into or wind up into (whether or not the Issuer or the Company, as applicable, is the surviving corporation), or sell, assign, convey, transfer, lease or otherwise dispose of all or
      substantially all of the assets of the Company and its Restricted Subsidiaries, taken as a whole, in one or more related transactions, to any Person unless:

   

  (1)           the Issuer or the Company, as the case
      may be, is the surviving Person or the resulting, surviving or transferee Person (the “Successor Entity”) is a corporation or limited liability company organized and existing under the laws of the United States of America, any state or
      territory thereof or the District of Columbia, and if the Successor Entity of the Issuer is not a corporation, a co-obligor of the Notes is a corporation organized or existing under such laws;

   

  (2)           the Successor Entity (if other than the
      Issuer or, in the case of the Company, the Company) expressly assumes all of the obligations of the Issuer under the Notes and this Indenture, or of the Company under this Indenture and the Note Guarantee of the Company, pursuant to a supplemental
      indenture or other documents or instruments;

   

  (3)           immediately after giving pro forma
      effect to such transaction, no Event of Default shall have occurred and be continuing;

   

  (4)           immediately after giving pro forma
      effect to such transaction and any related financing transactions, as if such transactions had occurred at the beginning of the applicable four-quarter period,

   

  (A)          the Successor Entity would be able to
      Incur at least $1.00 of additional Indebtedness pursuant to Section 4.09(a); or

   

  (B)          either (i) the Consolidated Coverage Ratio
      of the Company and its Restricted Subsidiaries (taking into account the Successor Entity) would not be lower than such ratio for the Company and its Restricted Subsidiaries immediately prior to such transaction or (ii) the Net Leverage Ratio of the
      Company and its Restricted Subsidiaries (taking into account the Successor Entity) would not be higher than such ratio for the Company and its Restricted Subsidiaries immediately prior to such transaction; and

   

  (5)           the Issuer or the Company, as
      applicable, shall have delivered to the Trustee an Officer’s Certificate and an Opinion of Counsel, each stating that such consolidation, merger, winding up or disposition, and such supplemental indenture or other documents or instruments, if any,
      comply with this Indenture.

   

  (b)           Subject to Sections 5.01(f) and 5.02, the
      Successor Entity will succeed to, and be substituted for, the Issuer or the Company, as applicable under this Indenture and the Notes, and, in the case of Company, the Note Guarantee of the Company. Notwithstanding clauses (3) or (4) of Section
      5.01(a), the Issuer or the Company may consolidate with, merge with or into or wind up into an Affiliate of the Company solely for the purpose of reincorporating or forming the Issuer or the Company, as applicable, in another state or territory of
      the United States of America or the District of Columbia, or changing the legal form of the Issuer or the Company, as applicable, so long as the amount of Indebtedness of the Company and its Restricted Subsidiaries is not increased thereby.

   

  
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  (c)           From and after the Closing Date, the
      Company will not permit any Subsidiary Guarantor to consolidate with or merge with or into or wind up into (whether or not such Subsidiary Guarantor is the surviving corporation), or sell, assign, convey, transfer, lease or otherwise dispose of all
      or substantially all of its properties and assets, in one or more related transactions, to any Person (other than to the Company, the Issuer or another Subsidiary Guarantor) unless:

   

  (1)           (A)          the resulting, surviving
      or transferee Person (the “Successor Guarantor”) is a Person (other than an individual) organized and existing under the laws of the United States of America, any state or territory thereof or the District of Columbia;

   

  (B)          the Successor Guarantor, if other than
      such Guarantor, expressly assumes all the obligations of such Guarantor under this Indenture, the Notes and its Note Guarantee pursuant to a supplemental indenture or other documents or instruments;

   

  (C)          immediately after giving pro forma
      effect to such transaction, no Event of Default shall have occurred and be continuing; and

   

  (D)          the Company will have delivered to the
      Trustee an Officer’s Certificate and an Opinion of Counsel, each stating that such consolidation, merger, winding up or disposition and such supplemental indenture or other documents or instruments, if any, comply with this Indenture; or

   

  (2)           in the event the transaction results in
      the release of the Subsidiary’s Note Guarantee under clause (1) of Section 10.06(a), the transaction is not prohibited by Section 4.16 (it being understood that only such portion of the Net Available Cash as is required to be applied on the date of
      such transaction in accordance with the terms of this Indenture needs to be applied in accordance therewith at such time).

   

  (d)           Subject to Sections 5.01(f) and 5.02, the
      Successor Guarantor will succeed to, and be substituted for, such Subsidiary Guarantor under this Indenture and the Note Guarantee of such Subsidiary Guarantor. Notwithstanding Section 5.01(c), (a) any Subsidiary Guarantor may (i) merge with or into
      or transfer all or part of its properties and assets to the Issuer, another Subsidiary Guarantor or the Company or merge with a Restricted Subsidiary of the Company, so long as the resulting entity is the Company or the Issuer or remains or becomes a
      Subsidiary Guarantor, (ii) merge with an Affiliate of the Company solely for the purpose of reincorporating or forming the Subsidiary Guarantor in another state or territory of the United States of America or the District of Columbia, or changing the
      legal form of the Subsidiary Guarantor, so long as Indebtedness is not Incurred in connection with such merger (unless otherwise permitted under this Indenture) or (iii) convert into a corporation, limited liability company or other corporate entity
      organized or existing under the laws of the jurisdiction of organization of such Subsidiary Guarantor and (b) any Non-Guarantor Restricted Subsidiary may consolidate with, merge with or into, wind up into or sell, assign, convey, transfer, lease or
      otherwise dispose of all or part of its properties and assets to the Issuer or a Guarantor.

   

  (e)           For purposes of this Section 5.01, the
      sale, assignment, conveyance, transfer, lease or other disposition of all or substantially all of the properties and assets of one or more Subsidiaries of the Issuer or a Guarantor, as the case may be, which properties and assets, if held by the
      Issuer or such Guarantor instead of such Subsidiaries, would constitute all or substantially all of the properties and assets of the Issuer or such Guarantor on a consolidated basis, will be deemed to be the disposition of all or substantially all of
      the properties and assets of the Issuer or such Guarantor, as applicable.

   

  (f)            The Issuer and a Guarantor, as the case
      may be, will be released from its obligations under this Indenture and the Notes and the Note Guarantee, as the case may be, and the Successor Entity and the Successor Guarantor, as the case may be, will succeed to, and be substituted for, and may
      exercise every right and power of, the Issuer or a Guarantor, as the case may be, under this Indenture, the Notes and such Note Guarantee; provided that, in the case of a lease of all or substantially all its assets, the Issuer will not be released
      from the obligation to pay the principal of and interest on the Notes, and a Guarantor will not be released from its obligations under its Note Guarantee, solely by virtue of such transaction.

   

  
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  (g)           Notwithstanding any other provision of this
      Article 5, this Article 5 will not apply to the Transactions.

   

  Section 5.02         Officer’s
        Certificate and Opinion of Counsel to be Given to Trustee.

   

  Upon the occurrence of the transactions permitted under
      the provisions of Sections 5.01(a) or 5.01(c) (other than (i) a merger of Guarantors, (ii) a merger of a Guarantor and the Issuer in which the Issuer is the surviving entity, or (iii) as otherwise set forth in Section 5.01(b) and Section 5.01(d)),
      the Company shall deliver to the Trustee an Officer’s Certificate and an Opinion of Counsel in each case stating that such transaction and agreement, if any, complies with this Article 5, that all conditions precedent provided for herein relating to
      such transaction have been complied with, and that such agreement or supplemental indenture, if any, is the legal, valid and binding obligation of the Company or such other Person, as the case may be, enforceable against them in accordance with its
      terms, subject to customary exceptions, on which the Trustee may rely as conclusive evidence that any consolidation, merger, sale, conveyance, transfer or lease, and any assumption, permitted or required by the terms of this Article 5 complies with
      the provisions of this Article 5 and this Indenture.

   

  ARTICLE 6

      

      DEFAULTS AND REMEDIES

   

  Section 6.01         Events of
        Default.

   

  (a)           With respect to clauses (1), (2), (6)
      (until the Closing Date, solely with respect to the Issuer) and (8), from and after the Issue Date, and otherwise, from and after the Closing Date, each of the following is an “Event of Default”:

   

  (1)           default in any payment of interest on
      any Note when due and payable, continued for 30 days;

   

  (2)           default in the payment of principal of
      or premium, if any, on any Note when due at its Stated Maturity, upon mandatory or optional redemption, upon required repurchase, upon declaration or otherwise;

   

  (3)           failure by the Issuer or any Guarantor
      to comply for 60 days after notice as provided below with its other agreements contained in this Indenture or the Notes; provided that in the case of a failure to comply with Section 4.06, such period of continuance of such default or breach
      shall be 120 days after notice as provided below has been given;

   

  (4)           default under any mortgage, indenture
      or instrument under which there is issued or by which there is secured or evidenced any Indebtedness for money borrowed by the Company or any of its Restricted Subsidiaries (or the payment of which is Guaranteed by the Company or any of its
      Restricted Subsidiaries), other than Indebtedness owed to the Company or a Restricted Subsidiary, whether such Indebtedness or Guarantee now exists or is created after the Closing Date, which default:

   

  (A)          is caused by a failure to pay principal of
      such Indebtedness at its stated final maturity (after giving effect to any applicable grace periods provided in such Indebtedness); or

   

  
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  (B)           results in the acceleration of such
      Indebtedness prior to its stated final maturity;

   

  and, in each case, the principal amount of any such Indebtedness,
      together with the principal amount of any other such Indebtedness under which there has been a payment default of principal at its stated final maturity (after giving effect to any applicable grace periods) or the maturity of which has been so
      accelerated, aggregates in excess of $100.0 million (measured at the date of such non-payment or acceleration) at any one time outstanding;

   

  (5)           failure by the Company or any
      Significant Subsidiary or any group of Restricted Subsidiaries that, taken together (as of the date of the latest audited consolidated financial statements of the Company and its Restricted Subsidiaries), would constitute a Significant Subsidiary to
      pay final judgments aggregating in excess of $100.0 million (measured at the date of such judgment) (net of any amounts as to which the relevant insurance company has not disputed coverage), which judgments are not paid, discharged, vacated, bonded,
      or stayed for a period of 60 days or more after such judgment becomes final;

   

  (6)           (i) the Company, the Issuer or a
      Significant Subsidiary or any group of Restricted Subsidiaries that, taken together (as of the date of the latest audited consolidated financial statements of the Company and its Restricted Subsidiaries), would constitute a Significant Subsidiary,
      pursuant to or within the meaning of any Bankruptcy Law:

   

  (A)         commences proceedings to be adjudicated
      bankrupt or insolvent;

   

  (B)          consents to the institution of bankruptcy
      or insolvency proceedings against it, or the filing by it of a petition or answer or consent seeking an arrangement of debt, reorganization, dissolution, winding up or relief under applicable Bankruptcy Law;

   

  (C)          consents to the appointment of a receiver,
      interim receiver, receiver and manager, liquidator, assignee, trustee, sequestrator or other similar official of it or for all or substantially all of its property;

   

  (D)          makes a general assignment for the benefit
      of its creditors; or

   

  (E)           generally is not paying its debts as they
      become due; or

   

  (ii)           a court of competent jurisdiction enters
      an order or decree under any Bankruptcy Law that:

   

  (A)          is for relief against the Company, the
      Issuer, any Restricted Subsidiary that is a Significant Subsidiary or any group of Restricted Subsidiaries that, taken together (as of the date of the latest audited consolidated financial statements of the Company and its Restricted Subsidiaries),
      would constitute a Significant Subsidiary, in a proceeding in which the Company, the Issuer, any such Restricted Subsidiary that is a Significant Subsidiary or any group of Restricted Subsidiaries that, taken together (as of the date of the latest
      audited consolidated financial statements of the Company and its Restricted Subsidiaries), would constitute a Significant Subsidiary, is to be adjudicated bankrupt or insolvent;

   

  
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  (B)          appoints a receiver, interim receiver,
      receiver and manager, liquidator, assignee, trustee, sequestrator or other similar official of the Company, the Issuer, any Restricted Subsidiary that is a Significant Subsidiary or any group of Restricted Subsidiaries that, taken together (as of the
      date of the latest audited consolidated financial statements of the Company and its Restricted Subsidiaries), would constitute a Significant Subsidiary, or for all or substantially all of the property of the Company, the Issuer, any Restricted
      Subsidiary that is a Significant Subsidiary or any group of Restricted Subsidiaries that, taken together (as of the date of the latest audited consolidated financial statements of the Company and its Restricted Subsidiaries), would constitute a
      Significant Subsidiary; or

   

  (C)          orders the liquidation, dissolution or
      winding up of the Company, the Issuer, or any Restricted Subsidiary that is a Significant Subsidiary or any group of Restricted Subsidiaries that, taken together (as of the date of the latest audited consolidated financial statements of the Company
      and its Restricted Subsidiaries), would constitute a Significant Subsidiary;

   

  and the order or decree remains unstayed and in
      effect for 60 consecutive days;

   

  (7)           any Note Guarantee of the Company or a
      Significant Subsidiary or any group of Guarantors that, taken together (as of the date of the latest audited consolidated financial statements of the Company and its Restricted Subsidiaries), would constitute a Significant Subsidiary ceases to be in
      full force and effect (except as contemplated by the terms of this Indenture) or is declared null and void in a judicial proceeding or any Guarantor that is the Company or a Significant Subsidiary or any group of Guarantors that, taken together (as
      of the date of the latest audited consolidated financial statements of the Company and its Restricted Subsidiaries), would constitute a Significant Subsidiary denies or disaffirms its obligations under this Indenture or its Note Guarantee; or

   

  (8)           prior to the 3M Guarantee Release Date,
      (i) default by 3M under and as defined in the 3M Guarantee Agreement, which default continues for five Business Days, or (ii) the 3M Guarantee Agreement terminates or otherwise ceases to be effective other than in accordance with its terms.

   

  However, a Default under clauses (3), (4) or (5) of this Section 6.01(a)
      will not constitute an Event of Default until the Trustee or the Holders of at least 25% in principal amount of the then outstanding Notes notify the Company (with a copy to the Trustee) of the Default and the Company does not cure such Default
      within the time specified in clauses (3), (4) or (5) of this Section 6.01(a) after receipt of such notice; provided that a notice of Default (i) must specify the Default, demand that it be remediated and state that such notice is a “Notice of
      Default” and (ii) may not be given with respect to any action taken, and reported publicly or to Holders, more than two years prior to such notice of Default.

   

  (b)           Any notice of Default, notice of
      acceleration or instruction to the Trustee to provide a notice of Default, notice of acceleration or take any other action (a “Noteholder Direction”) provided by any one or more Holders (other than a Regulated Bank) (each a “Directing
        Holder”) must be accompanied by a written representation from each such Holder delivered to the Company and the Trustee that such Holder is not (or, in the case such Holder is DTC or its nominee, that such Holder is being instructed solely by
      beneficial owners that are not) Net Short (a “Position Representation”), which representation, in the case of a Noteholder Direction relating to the delivery of a notice of Default shall be deemed repeated at all times until the resulting
      Event of Default is cured or otherwise ceases to exist or the Notes are accelerated. In addition, each Directing Holder is deemed, at the time of providing a Noteholder Direction, to covenant to provide the Company with such other information as the
      Company may reasonably request from time to time in order to verify the accuracy of such Holder’s Position Representation within five Business Days of request therefor (a “Verification Covenant”). In any case in which the Holder is DTC or its
      nominee, any Position Representation or Verification Covenant required hereunder shall be provided by the beneficial owner of the Notes in lieu of DTC or its nominee, and DTC shall be entitled to conclusively rely on such Position Representation and
      Verification Covenant in delivering its direction to the Trustee. In no event shall the Trustee have any liability or obligation to ascertain, monitor or inquire as to whether any Person is a Net Short Holder and/or whether such Net Short Holder has
      delivered any related certifications under this Indenture or in connection with the Notes or if any such certifications comply with this Indenture, the Notes, or any other document. It is understood and agreed that the Company and the Trustee shall
      be entitled to rely on each representation, deemed representation and certification made by, and covenant of, each Notes beneficial owner provided for in this Section 6.01(b). Notwithstanding any other provision of this Indenture, the Notes or any
      other document, the provisions of this Section 6.01(b) shall apply and survive with respect to each Notes beneficial owner notwithstanding that any such Person may have ceased to be a Notes beneficial owner, this Indenture may have been terminated,
      the Notes may have been redeemed in full or the Trustee may have resigned or been removed.

   

  
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  (c)           If, following the delivery of a Noteholder
      Direction, but prior to acceleration of the Notes, the Company determines in good faith that there is a reasonable basis to believe a Directing Holder was, at any relevant time, in breach of its Position Representation and provides to the Trustee an
      Officer’s Certificate stating that the Company has initiated litigation in a court of competent jurisdiction seeking a determination that such Directing Holder was, at such time, in breach of its Position Representation, and seeking to invalidate any
      Default or Event of Default that resulted from the applicable Noteholder Direction, the cure period with respect to such Default or Event of Default shall be automatically stayed and the cure period with respect to such Default or Event of Default
      shall be automatically reinstituted and any remedy stayed pending a final and nonappealable determination of a court of competent jurisdiction on such matter. If, following the delivery of a Noteholder Direction, but prior to acceleration of the
      Notes, the Company provides to the Trustee an Officer’s Certificate stating that a Directing Holder failed to satisfy its Verification Covenant, the cure period with respect to such Default or Event of Default shall be automatically stayed and the
      cure period with respect to any Default or Event of Default that resulted from the applicable Noteholder Direction shall be automatically reinstituted and any remedy stayed pending satisfaction of such Verification Covenant. Any breach of the
      Position Representation shall result in such Holder’s participation in such Noteholder Direction being disregarded; and, if, without the participation of such Holder, the percentage of Notes held by the remaining Holders that provided such Noteholder
      Direction would have been insufficient to validly provide such Noteholder Direction, such Noteholder Direction shall be void ab initio, with the effect that such Event of Default shall be deemed never to have occurred, acceleration voided and the
      Trustee shall be deemed not to have received such Noteholder Direction or any notice of such Default or Event of Default.

   

  (d)           Notwithstanding anything in clauses (b) and
      (c) of this Section 6.01 to the contrary, any Noteholder Direction delivered to the Trustee during the pendency of an Event of Default as the result of a bankruptcy or similar proceeding shall not require compliance with the preceding two paragraphs.
      In addition, for the avoidance of doubt, the preceding two paragraphs shall not apply to any Holder that is a Regulated Bank.

   

  (e)           For the avoidance of doubt, the Trustee
      shall be entitled to conclusively rely on any Noteholder Direction delivered to it in accordance with this Indenture, shall have no duty to inquire as to or investigate the accuracy of any Position Representation, enforce compliance with any
      Verification Covenant, verify any statements in any Officer’s Certificate delivered to it, or otherwise make calculations, investigations or determinations with respect to Derivative Instruments, Net Shorts, Long Derivative Instruments, Short
      Derivative Instruments or otherwise, and shall have no liability for ceasing to take any action, staying any remedy or otherwise failing to act in accordance with a Noteholder Direction as provided above. The Trustee shall not have any liability or
      responsibility to the Company, any Holder or any other Person in connection with any Noteholder Direction or to determine whether or not any Holder has delivered a Position Representation or that such Position Representation conforms with this
      Indenture or any other agreement.

   

  
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  (f)            (i) If a Default for a failure to report
      or failure to deliver a required certificate in connection with another default (the “Initial Default”) occurs, then at the time such Initial Default is cured, such Default for a failure to report or failure to deliver a required certificate
      in connection with another default that resulted solely because of that Initial Default will also be cured without any further action and (ii) any Default or Event of Default for the failure to comply with the time periods prescribed in Section 4.06
      or otherwise to deliver any notice or certificate pursuant to any other provision of this Indenture shall be deemed to be cured upon the delivery of any such report required by such covenant or such notice or certificate, as applicable, even though
      such delivery is not within the prescribed period specified in this Indenture. Any time period in this Indenture to cure any actual or alleged Default or Event of Default may be extended or stayed by a court of competent jurisdiction.

   

  Section 6.02         Acceleration.

   

  (a)           If an Event of Default (other than an Event
      of Default described in clause (6) of Section 6.01(a)) occurs and is continuing, the Trustee by written notice to the Company, specifying the Event of Default, or the Holders of at least 25% in principal amount of the then outstanding Notes by notice
      to the Company and the Trustee, may declare the principal, premium, if any, and accrued and unpaid interest, if any, on all the Notes to be due and payable. Upon such a declaration, such principal, premium, if any, and accrued and unpaid interest, if
      any, will be due and payable immediately.

   

  (b)           In the event of a declaration of
      acceleration of the Notes because an Event of Default described in clause (4) of Section 6.01(a) has occurred and is continuing, the declaration of acceleration of the Notes shall be automatically annulled if:

   

  (1)           the default triggering such Event of
      Default pursuant to clause (4) of Section 6.01(a) shall be remedied or cured by the Company or a Restricted Subsidiary or waived by the holders of the relevant Indebtedness within 20 days after the declaration of acceleration with respect thereto;
      and

   

  (2)           (A) the annulment of the acceleration
      of the Notes would not conflict with any judgment or decree of a court of competent jurisdiction and (B) all existing Events of Default, except nonpayment of principal, premium, if any, or interest on the Notes that became due solely because of the
      acceleration of the Notes, have been cured or waived.

   

  (c)           If an Event of Default under clause (6) of
      Section 6.01(a) occurs and is continuing, the principal of, premium, if any, and accrued and unpaid interest, if any, on all the Notes will become and be immediately due and payable without any declaration or other act on the part of the Trustee or
      any Holders.

   

  Section 6.03         Other
        Remedies.

   

  (a)           If an Event of Default occurs and is
      continuing, the Trustee may pursue any available remedy to collect the payment of principal, premium, if any, and interest on the Notes or to enforce the performance of any provision of the Notes, the Note Guarantees or this Indenture.

   

  
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  (b)           The Trustee may maintain a proceeding even
      if it does not possess any of the Notes or does not produce any of them in the proceeding. A delay or omission by the Trustee or any Holder of a Note in exercising any right or remedy accruing upon an Event of Default shall not impair the right or
      remedy or constitute a waiver of or acquiescence in the Event of Default. All remedies are cumulative to the extent permitted by law.

   

  Section 6.04         Waiver of
        Past Defaults; Rescission of Acceleration.

   

  The Holders of a majority in principal amount of the
      outstanding Notes by written notice to the Trustee may on behalf of all Holders waive any existing Default and its consequences hereunder, except a continuing Default in the payment of principal, premium, if any, or interest on any Note held by a
      non-consenting Holder (including in connection with an Asset Disposition Offer or a Change of Control Offer) and rescind an acceleration with respect to the Notes and its consequences (including any related payment Default that resulted from such
      acceleration) if (1) such rescission would not conflict with any judgment or decree of a court of competent jurisdiction and (2) all existing Events of Default, other than the nonpayment of the principal of, premium, if any, and interest on the Notes
      that have become due solely by such declaration of acceleration, have been cured or waived. Upon any such waiver, such Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured for every purpose of
      this Indenture, but no such waiver shall extend to any subsequent or other Default or impair any right consequent thereon. Promptly following any such rescission, the Issuer shall pay to the Trustee all amounts owing to the Trustee under Section 7.07
      related to such Event of Default and acceleration, including all sums paid or advanced by the Trustee hereunder and the reasonable compensation, expenses and disbursements and advances of the Trustee, its agents and counsel.

   

  Section 6.05         Control by
        Majority.

   

  The Holders of a majority in principal amount of the
      outstanding Notes may direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or of exercising any trust or power conferred on the Trustee, subject to the Trustee’s right to be indemnified. The Trustee,
      however, may refuse to follow any direction that conflicts with law, this Indenture, the Notes or any Note Guarantee, or that the Trustee determines in good faith is unduly prejudicial to the rights of any other Holder (it being understood that the
      Trustee does not have an affirmative duty to ascertain whether or not any such directions are unduly prejudicial to such Holders) or that would involve the Trustee in personal liability or expense. The Trustee may take any other action deemed proper
      by the Trustee which is not inconsistent with such direction.

   

  Section 6.06         Limitation
        on Suits.

   

  (a)           Except to enforce the right to receive
      payment of principal, premium, if any, or interest when due, no Holder may pursue any remedy with respect to this Indenture, the Notes or any Note Guarantee unless:

   

  (1)           such Holder has previously given the
      Trustee notice that an Event of Default is continuing;

   

  (2)           the Holders of at least 25% in
      principal amount of the then outstanding Notes have requested the Trustee to pursue the remedy;

   

  (3)           such Holders have offered the Trustee
      security or indemnity satisfactory to the Trustee against any loss, liability or expense;

   

  
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  (4)           the Trustee has not complied with such
      request within 60 days after the receipt of the request and the offer of security or indemnity satisfactory to the Trustee against any loss, liability or expense; and

   

  (5)           the Holders of a majority in principal
      amount of the then outstanding Notes have not given the Trustee a direction that, in the opinion of the Trustee, is inconsistent with such request within such 60-day period.

   

  (b)           A Holder may not use this Indenture to
      prejudice the rights of another Holder or to obtain a preference or priority over another Holder.

   

  Section 6.07         Rights of
        Holders to Bring Suit for Payment.

   

  Notwithstanding any other provision of this Indenture,
      the contractual right of any Holder expressly set forth in this Indenture to bring suit for the enforcement of any payment of principal, premium, if any, and interest on its Note, on or after the respective due dates expressed or provided for in such
      Note (including in connection with an Asset Disposition Offer or a Change of Control Offer) shall not be amended without the consent of such Holder.

   

  Section 6.08         Collection
        Suit by Trustee.

   

  If an Event of Default specified in Section 6.01(a)(1) or
      (2) occurs and is continuing, the Trustee may recover judgment in its own name and as trustee of an express trust against the Issuer, the Guarantors and any other obligor on the Notes for the whole amount of principal, premium, if any, and interest
      remaining unpaid on the Notes, together with interest on overdue principal and, to the extent lawful, interest and such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation,
      expenses, disbursements and advances of the Trustee and its agents and counsel.

   

  Section 6.09         Restoration
        of Rights and Remedies.

   

  If the Trustee or any Holder has instituted any
      proceeding to enforce any right or remedy under this Indenture and such proceeding has been discontinued or abandoned for any reason, or has been determined adversely to the Trustee or to such Holder, then and in every such case, subject to any
      determination in such proceedings, the Issuer, the Guarantors, the Trustee and the Holders shall be restored severally and respectively to their former positions hereunder and thereafter all rights and remedies of the Trustee and the Holders shall
      continue as though no such proceeding has been instituted.

   

  Section 6.10         Rights and
        Remedies Cumulative.

   

  Except as otherwise provided with respect to the
      replacement or payment of mutilated, destroyed, lost or stolen Notes in Section 2.07, no right or remedy herein conferred upon or reserved to the Trustee or to the Holders is intended to be exclusive of any other right or remedy, and every right and
      remedy is, to the extent permitted by law, cumulative and in addition to every other right and remedy given hereunder or now or hereafter existing at law or in equity or otherwise. The assertion or employment of any right or remedy hereunder, or
      otherwise, shall not prevent the concurrent assertion or employment of any other appropriate right or remedy.

   

  Section 6.11         Delay or
        Omission Not Waiver.

   

  No delay or omission of the Trustee or of any Holder to
      exercise any right or remedy accruing upon any Event of Default shall impair any such right or remedy or constitute a waiver of any such Event of Default or an acquiescence therein. Every right and remedy given by this Article or by law to the
      Trustee or to the Holders may be exercised from time to time, and as often as may be deemed expedient, by the Trustee or by the Holders, as the case may be.

   

  
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  Section 6.12         Trustee May
        File Proofs of Claim.

   

  The Trustee may file proofs of claim and other papers or
      documents as may be necessary or advisable in order to have the claims of the Trustee (including any claim for the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel) and the Holders of the Notes
      allowed in any judicial proceedings relative to the Issuer (or any other obligor upon the Notes, including the Guarantors), its creditors or its property and is entitled and empowered to participate as a member in any official committee of creditors
      appointed in such matter and to collect, receive and distribute any money or other property payable or deliverable on any such claims. Any custodian in any such judicial proceeding is hereby authorized by each Holder to make such payments to the
      Trustee, and in the event that the Trustee shall consent to the making of such payments directly to the Holders, to pay to the Trustee any amount due to it for the reasonable compensation, expenses, disbursements and advances of the Trustee and its
      agents and counsel, and any other amounts due the Trustee under Section 7.07. To the extent that the payment of any such compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, and any other amounts due the Trustee
      under Section 7.07 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 Holders may be entitled to receive in such proceeding whether in liquidation or under any plan of reorganization or arrangement or otherwise. Nothing herein contained shall be deemed to authorize the Trustee to authorize or consent to or
      accept or adopt on behalf of any Holder any plan of reorganization, arrangement, adjustment or composition affecting the Notes or the rights of any Holder, or to authorize the Trustee to vote in respect of the claim of any Holder in any such
      proceeding.

   

  Section 6.13         Priorities.

   

  (a)           After an Event of Default, any money or
      property distributable in respect of the Issuer’s or any Guarantor’s obligations under this Indenture, or any money or property collected by the Trustee pursuant to this Article 6, shall be paid out or distributed in the following order:

   

  (1)           to the Trustee and any predecessor
      Trustee and its agents and attorneys for amounts due under Section 7.07, including payment of all reasonable compensation of the Trustee, its agents and counsel, expenses and liabilities incurred, and all advances made, by the Trustee and the costs
      and expenses of collection;

   

  (2)           to Holders for amounts due and unpaid
      on the Notes for principal, premium, if any, and interest ratably, without preference or priority of any kind, according to the amounts due and payable on the Notes for principal, premium, if any, and interest, respectively; and

   

  (3)           to the Issuer or to such party as a
      court of competent jurisdiction shall direct, including a Guarantor, if applicable.

   

  (b)           The Trustee may fix a record date and
      payment date for any payment to Holders pursuant to this Section 6.13. Promptly after any record date is set pursuant to this Section 6.13, the Trustee shall cause notice of such record date and payment date to be given to the Issuer and to each
      Holder in the manner set forth in Section 12.02.

   

  
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  Section 6.14         Undertaking
        for Costs.

   

  In any suit for the enforcement of any right or remedy
      under this Indenture or in any suit against the Trustee for any action taken or omitted by it as a Trustee, a court in its discretion may require the filing by any party litigant in such suit of an undertaking to pay the costs of the suit, and the
      court in its discretion may assess reasonable costs, including reasonable attorneys’ fees and expenses, against any party litigant in the suit, having due regard to the merits and good faith of the claims or defenses made by the party litigant. This
      Section 6.14 does not apply to a suit by the Trustee, a suit by a Holder pursuant to Section 6.07, or a suit by Holders of more than 10% in aggregate principal amount of the outstanding Notes.

   

  ARTICLE 7

      

      TRUSTEE

   

  Section 7.01         Duties of
        Trustee.

   

  (a)           If an Event of Default has occurred and is
      continuing, the Trustee will exercise such of the rights and powers vested in it by this Indenture, and use the same degree of care in its exercise, as a prudent person would exercise or use under the circumstances in the conduct of such person’s own
      affairs.

   

  (b)           Except during the continuance of an Event
      of Default:

   

  (1)           the duties of the Trustee shall be
      determined solely by the express provisions of this Indenture and the Trustee need perform only those duties that are specifically set forth in this Indenture and no others, and no implied covenants or obligations shall be read into this Indenture
      against the Trustee; and

   

  (2)           in the absence of bad faith on its
      part, the Trustee may conclusively rely and shall be protected in acting or refraining from acting, as to the truth of the statements and the correctness of the opinions expressed therein, upon certificates or opinions furnished to the Trustee and
      conforming to the requirements of this Indenture. However, in the case of any such certificates or opinions which by any provision hereof are specifically required to be furnished to the Trustee, the Trustee shall examine the certificates and
      opinions to determine whether or not they conform to the requirements of this Indenture (but need not confirm or investigate the accuracy of mathematical calculations or other facts stated therein).

   

  (c)           The Trustee may not be relieved from
      liabilities for its own grossly negligent action, its own grossly negligent failure to act, or its own willful misconduct, except that:

   

  (1)           this clause (c) does not limit the
      effect of clause (b) of this Section 7.01;

   

  (2)           the Trustee shall not be liable for any
      error of judgment made in good faith by a Responsible Officer, unless it is proved in a court of competent jurisdiction that the Trustee was negligent in ascertaining the pertinent facts; and

   

  (3)           the Trustee shall not be liable with
      respect to any action it takes or omits to take in good faith in accordance with a direction received by it pursuant to Section 6.05.

   

  (d)           Whether or not therein expressly so
      provided, every provision of this Indenture that in any way relates to the Trustee is subject to this Section 7.01 and Section 7.02.

   

  
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  (e)           The Trustee will be under no obligation to
      exercise any of the rights or powers under this Indenture, the Notes and the Note Guarantees at the request or direction of any of the Holders unless such Holders have offered to the Trustee indemnity or security satisfactory to it against any loss,
      liability or expense, including attorney’s fees and expenses, that might be incurred by it in compliance with such request or direction.

   

  (f)            The Trustee shall not be liable for
      interest on any money received by it except as the Trustee may agree in writing with the Company. Money held in trust by the Trustee need not be segregated from other funds except to the extent required by law.

   

  (g)           None of the provisions of this Indenture
      shall require the Trustee to expend or risk its own funds or otherwise to incur any liability, financial or otherwise, in the performance of any of its duties hereunder, or in the exercise of any of its rights or powers if it shall have reasonable
      grounds for believing that repayment of such funds or indemnity reasonably satisfactory to it against such expense, risk or liability is not assured to it.

   

  Section 7.02         Rights of
        Trustee.

   

  (a)           The Trustee may conclusively rely and shall
      be protected in acting or refraining from acting upon any document (whether in its original (including one signed manually or by way of electronic signature initiated by the Trustee and sent via electronic mail) or facsimile form) believed by it to
      be genuine and to have been signed or presented by the proper Person. The Trustee need not investigate any fact or matter stated in the document and shall have no duty to inquire as to the performance by the Company of any of its covenants in this
      Indenture and may accept the same as conclusive evidence of the accuracy of the statements contained therein, but the Trustee, in its discretion, may make such further inquiry or investigation into such facts or matters as it may see fit, and, if the
      Trustee shall determine in good faith to make such further inquiry or investigation, it shall be entitled to examine the books, records and premises of the Company, personally or by agent or attorney at the sole cost of the Company and shall incur no
      liability or additional liability of any kind by reason of such inquiry or investigation. The Trustee shall not be deemed to have notice of any Default or Event of Default which may be disclosed (whether explicitly or implicitly) in information which it receives from the Company, except for any specific notice thereof contained in any document delivered by the Company to the
        Trustee.

   

  (b)           Before the Trustee acts or refrains from
      acting, or in order to establish any matter, it may require an Officer’s Certificate or an Opinion of Counsel or both subject to the other provisions of this Indenture. The Trustee shall not be liable for any action it takes or omits to take in good
      faith in reliance on such Officer’s Certificate or Opinion of Counsel. The Trustee may consult with counsel of its selection and the advice of such counsel or any Opinion of Counsel shall be full and complete authorization and protection from
      liability in respect of any action taken, suffered or omitted by it hereunder in good faith and in reliance thereon.

   

  (c)           The Trustee may act through its attorneys,
      receivers and agents and shall not be responsible for the misconduct or negligence of any agent or attorney appointed with due care.

   

  (d)           The Trustee shall not be liable for any
      action it takes or omits to take in good faith that it believes to be authorized or within the rights or powers conferred upon it by this Indenture.

   

  (e)           Unless otherwise specifically provided in
      this Indenture, any demand, request, direction or notice from the Issuer or a Guarantor shall be sufficient if signed by an Officer of the Issuer or such Guarantor.

   

  
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  (f)            The Trustee shall not be deemed to have
      notice or knowledge of any Default or Event of Default except Events of Default described in clauses (1) and (2) of Section 6.01(a) (where the Trustee is acting as Paying Agent) unless written notice from the Issuer or the Holders of at least 25% of
      the aggregate principal amount of the Notes of any event which is in fact such a Default has been actually received by a Responsible Officer of the Trustee at the Corporate Trust Office of the Trustee, and such notice specifically notifies the
      Trustee of the existence of a Default or Event of Default in the Notes and this Indenture.

   

  (g)           The rights, privileges, protections,
      immunities and benefits given to the Trustee, including, without limitation, its right to be compensated, reimbursed and indemnified, are extended to, and shall be enforceable by, the Trustee in each of its capacities hereunder, and each Agent,
      custodian and other Person employed to act hereunder.

   

  (h)           The Trustee may request that the Issuer
      deliver an Officer’s Certificate setting forth the names of individuals or titles of officers authorized at such time to take specified actions pursuant to this Indenture, which Officer’s Certificate may be signed by any person authorized to sign an
      Officer’s Certificate, including any Person specified as so authorized in any such certificate previously delivered and not superseded.

   

  (i)            The Trustee shall not be required to give
      any bond or surety in respect of the performance of its powers and duties hereunder.

   

  (j)            The permissive right of the Trustee to do
      things enumerated in this Indenture shall not be construed as a duty.

   

  (k)           In no event shall the Trustee be
      responsible or liable for any special, indirect, punitive or consequential loss or damage of any kind whatsoever (including, but not limited to, loss of profit), irrespective of whether the Trustee has been advised of the likelihood of such loss or
      damage and regardless of the form of action.

   

  (l)            The Trustee shall not be responsible or
      liable for any action taken or omitted by it in good faith at the direction of the Holders of not less than a majority in principal amount of the outstanding Notes as to the time, method and place of conducting any proceedings for any remedy
      available to the Trustee or the exercising of any power conferred by this Indenture.

   

  (m)          The Trustee shall have no duty to inquire,
      no duty to determine and no duty to monitor the performance of the Company’s covenants in this Indenture or the financial performance of the Company. The Trustee shall be entitled to assume, until it has received written notice in accordance with
      this Indenture, that the Company is performing its duties hereunder.

   

  Section 7.03         Individual
        Rights of Trustee.

   

  The Trustee or any Agent in its individual or any other
      capacity may become the owner or pledgee of Notes and may otherwise deal with the Company or any Affiliate of the Company with the same rights it would have if it were not Trustee or such Agent. Any Agent may do the same with like rights and duties.
      The Trustee is also subject to Section 7.10.

   

  
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  Section 7.04         Trustee’s
        Disclaimer.

   

  The Trustee shall not be responsible for and makes no
      representation as to the validity or adequacy of this Indenture or the Notes or the Note Guarantees, it shall not be accountable for the Issuer’s use of the proceeds from the Notes or any money paid to the Issuer or upon the Issuer’s direction under
      any provision of this Indenture, it shall not be responsible for the use or application of any money received by any Paying Agent other than the Trustee, and it shall not be responsible for any statement or recital herein or any statement in the
      Notes or in the Offering Memorandum or in any other document in connection with the sale of the Notes or pursuant to this Indenture other than its certificate of authentication on the Notes. Under no circumstances shall the Trustee be liable in its
      individual capacity for the obligations evidenced by the Notes or the Note Guarantees. The Trustee shall not be responsible for and makes no representation as to any act or omission of any Rating Agency or any rating with respect to the Notes. The
      Trustee shall have no obligation to independently determine or verify if any event has occurred or notify the Holders of any event dependent upon the rating of the Notes, or if the rating on the Notes has been changed, suspended or withdrawn by any
      Rating Agency. The Trustee shall have no obligation to independently determine or verify if any Change of Control or any other event has occurred or notify the Holders of any such event and whether any Change of Control Offer with respect to the
      Notes is required. Neither the Trustee nor any Paying Agent shall be responsible for determining whether any Asset Disposition has occurred and whether any Asset Disposition Offer with respect to the Notes is required.

   

  Section 7.05         Notice of
        Defaults.

   

  If an Event of Default occurs and is continuing of which
      the Trustee has been notified or is deemed to have notice under the terms of this Indenture, the Trustee will deliver to each Holder a notice of the Event of Default within 90 days after it has been notified or is deemed to have notice thereof under
      the terms of this Indenture. Except in the case of an Event of Default specified in clauses (1) or (2) of Section 6.01(a), the Trustee may withhold from the Holders notice of any continuing Event of Default if the Trustee determines in good faith
      that withholding the notice is in the interests of the Holders.

   

  Section 7.06         [Reserved].

   

  Section 7.07         Compensation

        and Indemnity.

   

  (a)           The Issuer and the Guarantors, jointly and
      severally, shall pay to the Trustee from time to time such compensation for its acceptance of this Indenture and services hereunder as the parties shall agree in writing from time to time. The Trustee’s compensation shall not be limited by any law on
      compensation of a trustee of an express trust. The Issuer shall reimburse the Trustee promptly upon request for all reasonable disbursements, advances and expenses incurred or made by it in addition to the compensation for its services. Such expenses
      shall include the reasonable compensation, disbursements and expenses of the Trustee’s agents and counsel.

   

  (b)           The Issuer and the Guarantors, jointly and
      severally, shall indemnify the Trustee for, and hold each of the Trustee and any predecessor Trustee, and their directors, officers, agents and employees for harmless against, any and all loss, damage, claims, fines, penalties, liability, cost or
      expense (including attorneys’ fees and expenses) incurred by it in connection with the acceptance or administration of this trust and the performance of its duties hereunder (including the costs and expenses of enforcing this Indenture against the
      Issuer or any Guarantor (including this Section 7.07)) or defending itself against any claim whether asserted by any Holder, the Issuer or any Guarantor or any third party, or liability in connection with the acceptance, exercise or performance of
      any of its powers or duties hereunder. The Trustee shall notify the Issuer promptly of any claim for which it may seek indemnity. Failure by the Trustee to so notify the Issuer shall not relieve the Issuer of its obligations hereunder. The Issuer
      shall defend the claim and the Trustee may have separate counsel and the Issuer shall pay the fees and expenses of such counsel. The Issuer need not reimburse any expense or indemnify against any loss, liability or expense incurred by the Trustee
      through the Trustee’s own willful misconduct or gross negligence as finally adjudicated by a court of competent jurisdiction.

   

  
    -110-

    
        

  

   

  (c)           The obligations of the Issuer and the
      Guarantors under this Section 7.07 shall survive the satisfaction and discharge of this Indenture or the earlier resignation or removal of the Trustee.

   

  (d)           To secure the payment obligations of the
      Issuer and the Guarantors in this Section 7.07, the Trustee shall have a Lien prior to the Notes on all money or property held or collected by the Trustee, except that held in trust to pay principal and interest on particular Notes. Such Lien shall
      survive the satisfaction and discharge of this Indenture.

   

  (e)           When the Trustee incurs expenses or renders
      services after an Event of Default specified in Section 6.01(a)(6) occurs, the expenses and the compensation for the services (including the fees and expenses of its agents and counsel) are intended to constitute expenses of administration under any
      Bankruptcy Law.

   

  (f)            “Trustee” for the purposes of this Section
      7.07 shall include any predecessor Trustee and the Trustee in each of its capacities hereunder and each Agent, custodian and other person employed to act hereunder; provided, however, that the negligence, willful misconduct or bad
      faith of any Trustee hereunder shall not affect the rights of any other Trustee hereunder.

   

  Section 7.08         Replacement
        of Trustee.

   

  (a)           A resignation or removal of the Trustee and
      appointment of a successor Trustee shall become effective, and the Trustee shall be discharged from the trust hereby created, only upon the successor Trustee’s acceptance of appointment as provided in this Section 7.08. The Trustee may resign in
      writing at any time by giving 30 days’ notice of such resignation to the Issuer. The Holders of a majority in aggregate principal amount of the then outstanding Notes may remove the Trustee upon 30 days’ notice by so notifying the Trustee and the
      Issuer in writing. The Issuer may remove the Trustee upon 30 days’ notice if:

   

  (1)           the Trustee fails to comply with
      Section 7.10;

   

  (2)           the Trustee is adjudged a bankrupt or
      an insolvent or an order for relief is entered with respect to the Trustee under any Bankruptcy Law;

   

  (3)           a receiver or public officer takes
      charge of the Trustee or its property; or

   

  (4)           the Trustee becomes incapable of
      acting.

   

  (b)           If the Trustee resigns or is removed or if
      a vacancy exists in the office of Trustee for any reason, the Issuer shall promptly appoint a successor Trustee. Within one year after the successor Trustee takes office, the Holders of a majority in aggregate principal amount of the then outstanding
      Notes may remove the successor Trustee to replace it with another successor Trustee appointed by the Issuer.

   

  (c)           If a successor Trustee does not take office
      within 60 days after the retiring Trustee resigns or is removed, the retiring Trustee (at the Issuer’s expense), the Issuer or the Holders of at least 10% in aggregate principal amount of the then outstanding Notes may petition any court of competent
      jurisdiction for the appointment of a successor Trustee.

   

  (d)           If the Trustee, after written request by
      any Holder who has been a Holder for at least six months, fails to comply with Section 7.10, such Holder may petition any court of competent jurisdiction for the removal of the Trustee and the appointment of a successor Trustee.

   

  
    -111-

    
        

  

   

  (e)           A successor Trustee shall deliver a written
      acceptance of its appointment to the retiring Trustee and to the Issuer. Thereupon, the resignation or removal of the retiring Trustee shall become effective, and the successor Trustee shall have all the rights, powers and duties of the Trustee under
      this Indenture. The successor Trustee shall deliver a notice of its succession to Holders. The retiring Trustee shall promptly transfer all property held by it as Trustee to the successor Trustee; provided that all sums owing to the Trustee
      hereunder have been paid and such transfer shall be subject to the Lien provided for in Section 7.07. Notwithstanding replacement of the Trustee pursuant to this Section 7.08, the Issuer’s obligations under Section 7.07 shall continue for the benefit
      of the retiring Trustee.

   

  Section 7.09         Successor
        Trustee by Merger, etc.

   

  If the Trustee consolidates, merges or converts into, or
      transfers all or substantially all of its corporate trust business to, another corporation or national banking association, the successor corporation or national banking association without any further act shall be the successor Trustee, subject to
      Section 7.10, and will have and succeed to the rights, powers, duties, immunities and privileges as its predecessor, without the execution or filing of any instrument or paper or the performance of any further act.

   

  Section 7.10         Eligibility;

        Disqualification.

   

  There shall at all times be a Trustee hereunder that is a
      corporation or national banking association organized and doing business under the laws of the United States of America or of any state thereof that is authorized under such laws to exercise corporate trustee power, that is subject to supervision or
      examination by federal, State, territorial or District of Columbia authorities and that has a combined capital and surplus of at least $50,000,000. If such corporation publishes reports of condition at least annually, pursuant to law or to the
      requirements of federal, State, territorial or District of Columbia authority, then for the purposes of this Section 7.10, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its
      most recent report of condition so published.

   

  ARTICLE 8

      

      LEGAL DEFEASANCE AND COVENANT DEFEASANCE

   

  Section 8.01         Option to
        Effect Legal Defeasance or Covenant Defeasance.

   

  The Issuer may, at its option and at any time, elect to
      have either Section 8.02 or Section 8.03 applied to this Indenture, all outstanding Notes, the 3M Guarantee and the Note Guarantees upon compliance with the conditions set forth below in this Article 8.

   

  
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  Section 8.02         Legal
        Defeasance.

   

  (a)           Upon the Issuer’s exercise under Section
      8.01 of the option applicable to this Section 8.02, the Issuer, 3M and the Guarantors shall, subject to the satisfaction of the conditions set forth in Section 8.04, be deemed to have been discharged from their obligations with respect to this
      Indenture, all outstanding Notes, the 3M Guarantee and Note Guarantees, as applicable, on the date the conditions set forth below are satisfied (“Legal Defeasance”). For this purpose, Legal Defeasance means that the Issuer shall be deemed to
      have paid and discharged the entire Indebtedness represented by the outstanding Notes, which shall thereafter be deemed to be “outstanding” only for the purposes of Section 8.05 and the other Sections of this Indenture referred to in clauses (1)
      through (4) below, and to have satisfied all of its other obligations under such Notes and this Indenture, including that of the Guarantors (and the Trustee, on demand of and at the expense of the Issuer, shall execute proper instruments provided to
      it acknowledging the same), except for the following provisions which shall survive until otherwise terminated or discharged hereunder:

   

  (1)           the rights of Holders to receive
      payments in respect of the principal, premium, if any, and interest on the Notes when such payments are due, solely out of the trust created pursuant to this Indenture referred to in Section 8.04;

   

  (2)           the Issuer’s obligations with respect
      to the Notes concerning issuing temporary Notes, registration of Notes, mutilated, destroyed, lost or stolen Notes and the maintenance of an office or agency for payment and money for Note payments held in trust;

   

  (3)           the rights, powers, trusts, duties,
      protections, indemnities and immunities of the Trustee, and the Issuer’s obligations in connection therewith; and

   

  (4)           this Section 8.02.

   

  (b)           Upon the Issuer’s exercise under
      Section 8.01 of the option applicable to this Section 8.02, subject to the satisfaction of the conditions set forth in Section 8.04, payment of the Notes may not be accelerated because of an Event of Default.

   

  (c)           Subject to compliance with this Article 8,
      the Issuer may exercise its option under this Section 8.02 notwithstanding the prior exercise of its option under Section 8.03.

   

  Section 8.03         Covenant
        Defeasance.

   

  (a)           Upon the Issuer’s exercise under Section
      8.01 of the option applicable to this Section 8.03, the Issuer and the Guarantors shall, subject to the satisfaction of the conditions set forth in Section 8.04, be released from their obligations under the covenants contained in Sections 4.03, 4.05,
      4.06, 4.08, 4.09, 4.10, 4.11, 4.12, 4.13, 4.14, 4.15, 4.16 and 4.17 and clause (4) of Section 5.01(a) with respect to the outstanding Notes, and 3M and the Guarantors shall be deemed to have been discharged from their obligations with respect to the
      3M Guarantee and all Note Guarantees, respectively, on and after the date the conditions set forth in Section 8.04 are satisfied (“Covenant Defeasance”), and the Notes shall thereafter be deemed not “outstanding” for the purposes of any
      direction, waiver, consent or declaration or act of Holders (and the consequences of any thereof) in connection with such covenants, but shall continue to be deemed “outstanding” for all other purposes hereunder. For this purpose, Covenant Defeasance
      means that, with respect to this Indenture and the outstanding Notes, the Issuer may omit to comply with and shall have no liability in respect of any term, condition or limitation set forth in any such covenant, whether directly or indirectly, by
      reason of any reference elsewhere herein to any such covenant or by reason of any reference in any such covenant to any other provision herein or in any other document and such omission to comply shall not constitute a Default or an Event of Default
      under Section 6.01, but, except as specified above, the remainder of this Indenture and such Notes shall be unaffected thereby.

   

  (b)           Upon the Issuer’s exercise under
      Section 8.01 of the option applicable to this Section 8.03, subject to the satisfaction of the conditions set forth in Section 8.04, payment of the Notes may not be accelerated because of an Event of Default specified in Section 6.01(a)(3) (only with
      respect to covenants that are released as a result of such Covenant Defeasance), 6.01(a)(4), 6.01(a)(5), 6.01(a)(6) (solely with respect to Significant Subsidiaries or any group of Restricted Subsidiaries that, taken together (as of the date of the
      latest audited consolidated financial statements of the Company and its Restricted Subsidiaries) would constitute a Significant Subsidiary) or 6.01(a)(7).

   

  
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  Section 8.04         Conditions
        to Legal or Covenant Defeasance.

   

  (a)           The following shall be the conditions to
      the exercise of either the Legal Defeasance option under Section 8.02 or the Covenant Defeasance option under Section 8.03 with respect to this Indenture, the Notes, the 3M Guarantee and the Note Guarantees:

   

  (1)           the Issuer shall have irrevocably
      deposited with the Trustee, in trust, for the benefit of the Holders, cash in U.S. dollars, Government Securities, or a combination thereof, in amounts as will be sufficient (to the extent Government Securities are deposited, as confirmed, certified
      or attested by an Independent Financial Advisor in writing to the Trustee), without consideration of any reinvestment of interest, to pay the principal, premium, if any, and interest due on the outstanding Notes on the Stated Maturity or on the
      applicable redemption date, as the case may be, and the Issuer must specify whether the Notes are being defeased to Stated Maturity or to a particular redemption date;

   

  (2)           in the case of Legal Defeasance, the
      Issuer shall have delivered to the Trustee an Opinion of Counsel reasonably acceptable to the Trustee confirming that, subject to customary assumptions and exclusions,

   

  (A)         the Issuer has received from, or there has
      been published by, the U.S. Internal Revenue Service a ruling, or

   

  (B)          since the Issue Date, there has been a
      change in the applicable U.S. federal income tax law,

   

  in either case to the effect that, and based thereon such Opinion of
      Counsel will confirm that, the beneficial owners of the Notes will not recognize income, gain or loss for U.S. federal income tax purposes as a result of such Legal Defeasance and will be subject to U.S. federal income tax on the same amounts, in the
      same manner and at the same times as would have been the case if such Legal Defeasance had not occurred;

   

  (3)           in the case of Covenant Defeasance, the
      Issuer shall have delivered to the Trustee an Opinion of Counsel reasonably acceptable to the Trustee confirming that, subject to customary assumptions and exclusions, the beneficial owners of the Notes will not recognize income, gain or loss for
      U.S. federal income tax purposes as a result of such Covenant Defeasance and will be subject to U.S. federal income tax on the same amounts, in the same manner and at the same times as would have been the case if such Covenant Defeasance had not
      occurred;

   

  (4)           no Default or Event of Default shall
      have occurred and shall be continuing on the date of such deposit or will occur as a result of such deposit (other than a Default or an Event of Default resulting from the borrowing of funds to be applied to make such deposit and any similar and
      simultaneous deposit relating to other Indebtedness and, in each case, the granting of Liens in connection therewith) and the deposit shall not result in a breach or violation of, or constitute a default under, the Senior Secured Credit Facilities or
      any other material agreement or material instrument (other than this Indenture) to which the Issuer or any Guarantor is a party or by which the Issuer or any Guarantor is bound (other than a default resulting from the borrowing of funds to be applied
      to make such deposit and any similar and simultaneous deposit relating to other Indebtedness and, in each case, the granting of Liens in connection therewith);

   

  
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  (5)           the Issuer shall have delivered to the
      Trustee an Officer’s Certificate stating that the deposit was not made by the Issuer with the intent of defeating, hindering, delaying or defrauding any creditors of the Issuer, any Guarantor or others;

   

  (6)           the Issuer shall have delivered to the
      Trustee an Officer’s Certificate and an Opinion of Counsel, each stating that all conditions precedent relating to the Legal Defeasance or the Covenant Defeasance, as the case may be, have been complied with; and

   

  (7)           the Issuer shall have delivered
      irrevocable instructions to the Trustee to apply the deposited money toward the payment of the Notes at maturity or the redemption date, as the case may be (which instructions may be contained in the Officer’s Certificate referred to in clause (6)
      above).

   

  Section 8.05         Deposited
        Money and Government Securities to Be Held in Trust; Other Miscellaneous Provisions.

   

  (a)           Subject to Section 8.06, all money and
      Government Securities (including the proceeds thereof) deposited with the Trustee pursuant to Section 8.04 in respect of the outstanding Notes shall be held in trust and applied by the Trustee, in accordance with the provisions of such Notes and this
      Indenture, to the payment, either directly or through any Paying Agent (including the Company or a Restricted Subsidiary acting as Paying Agent) as the Trustee may determine, to the Holders of all sums due and to become due thereon in respect of
      principal, premium, if any, and interest on the Notes, but such money need not be segregated from other funds except to the extent required by law.

   

  (b)           The Issuer will pay and indemnify the
      Trustee against any tax, fee or other charge imposed on or assessed against the cash or Government Securities deposited pursuant to Section 8.04 or the principal and interest received in respect thereof other than any such tax, fee or other charge
      which by law is for the account of the Holders.

   

  (c)           Anything in this Article 8 to the contrary
      notwithstanding, the Trustee will deliver or pay to the Issuer from time to time upon the request of the Issuer any money or Government Securities held by it as provided in Section 8.04 which, in the opinion of an Independent Financial Advisor
      expressed in a written certification thereof delivered to the Trustee (which may be the opinion delivered under Section 8.04(a)), are in excess of the amount thereof that would then be required to be deposited to effect an equivalent Legal Defeasance
      or Covenant Defeasance.

   

  Section 8.06         Repayment
        to the Issuer.

   

  Subject to any applicable abandoned property law, any
      money deposited with the Trustee or any Paying Agent, or then held by the Issuer, in trust for the payment of principal, premium, if any, or interest on any Note and remaining unclaimed for two years after such principal, premium, if any, or interest
      has become due and payable shall be paid to the Issuer on its written request or (if then held by the Issuer) shall be discharged from such trust; and the Holder of such Note shall thereafter look only to the Issuer for payment thereof, and all
      liability of the Trustee or such Paying Agent with respect to such trust money, and all liability of the Issuer as trustee thereof, shall thereupon cease; provided, however, that the Trustee or such Paying Agent, before being required
      to make any such repayment, may at the expense of the Issuer cause to be published, in accordance with Section 12.02 notice that such money remains unclaimed and that, after a date specified therein, which shall not be less than 30 days from the date
      of such notification or publication, any unclaimed balance of such money then remaining shall be repaid to the Issuer. In the absence of any such written request, the Trustee shall from time to time deliver such
        unclaimed funds to or as directed by pertinent escheat authority, as identified by the Trustee in its sole discretion, pursuant to and in accordance with applicable unclaimed property laws, rules or regulations. Any such delivery shall be in
        accordance with the customary practices and procedures of the Trustee and the escheat authority. All moneys held by the Trustee and subject to this Section shall be held uninvested and without liability for interest thereon.

   

  
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  Section 8.07         Reinstatement.

   

  If the Trustee or Paying Agent is unable to apply any
      U.S. dollars or Government Securities in accordance with Section 8.02 or Section 8.03, as the case may be, by reason of any order or judgment of any court or governmental authority enjoining, restraining or otherwise prohibiting such application,
      then the Issuer’s, 3M’s and the Guarantors’ obligations under this Indenture, the Notes, the 3M Guarantee and the Note Guarantees shall be revived and reinstated, as applicable, as though no deposit had occurred pursuant to Section 8.02 or
      Section 8.03 until such time as the Trustee or Paying Agent is permitted to apply all such money in accordance with Section 8.02 or Section 8.03, as the case may be; provided that, if the Issuer makes any payment of principal, premium, if
      any, or interest on any Note following the reinstatement of its obligations, the Issuer shall be subrogated to the rights of the Holders to receive such payment from the money or Government Securities held by the Trustee or Paying Agent.

   

  ARTICLE 9

      

      AMENDMENT, SUPPLEMENT AND WAIVER

   

  Section 9.01         Without
        Consent of Holders.

   

  (a)           Notwithstanding Section 9.02, without the
      consent of any Holder, the Issuer, the Guarantors and the Trustee may amend or supplement this Indenture, the Notes and the Note Guarantees to:

   

  (1)           cure any ambiguity, omission, mistake,
      defect, error or inconsistency;

   

  (2)           provide for the assumption by a
      successor entity of the obligations of the Issuer or any Guarantor under this Indenture, the Notes or the Note Guarantees in accordance with Article 5;

   

  (3)           provide for or facilitate the issuance
      of uncertificated Notes in addition to or in place of certificated Notes; provided that the uncertificated Notes are issued in registered form for purposes of Section 163(f) of the Code;

   

  (4)           comply with the rules of any applicable
      depositary;

   

  (5)           add Guarantors with respect to the
      Notes or release a Guarantor from its obligations under its Note Guarantee or this Indenture, in each case, in accordance with the applicable provisions of this Indenture; provided that any supplemental indenture to add a Guarantor may be signed by
      the Issuer, the Guarantor providing the Note Guarantee, and the Trustee;

   

  (6)           secure the Notes and the Note
      Guarantees;

   

  (7)           add covenants of the Company and its
      Restricted Subsidiaries or Events of Default for the benefit of Holders or to make changes that would provide additional rights to the Holders or to surrender any right or power conferred upon the Issuer or any Guarantor;

   

  
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  (8)           make any change that does not adversely
      affect the legal rights under this Indenture, the Notes or the Note Guarantees of any Holder in any material respect;

   

  (9)           evidence and provide for the acceptance
      of an appointment under this Indenture of a successor Trustee or successor paying agent; provided that the successor Trustee is otherwise qualified and eligible to act as such under the terms of this Indenture;

   

  (10)         conform the text of this Indenture, the
      Notes or the Note Guarantees to any provision of the “Description of the Notes” section of the Offering Memorandum to the extent that such provision in such “Description of the Notes” section was intended to be a verbatim recitation of a provision of
      this Indenture, the Notes or the Note Guarantees (as evidenced by an Officer’s Certificate of the Issuer);

   

  (11)         make any amendment to the provisions of
      this Indenture relating to the transfer, exchange and legending of Notes as permitted by this Indenture, including, without limitation, to facilitate the issuance and administration of the Notes or, if Incurred in compliance with this Indenture,
      Additional Notes; provided, however, that (A) compliance with this Indenture as so amended would not result in Notes being transferred in violation of the Securities Act or any applicable securities law and (B) such amendment does not
      materially and adversely affect the rights of Holders to transfer Notes;

   

  (12)         to release any Guarantor from its Note
      Guarantee pursuant to this Indenture when permitted or required by this Indenture; or

   

  (13)         make any amendment to the provisions of
      this Indenture, the Notes and/or the Note Guarantees to eliminate the effect of any Accounting Change or in the application thereof.

   

  Section 9.02         With
        Consent of Holders.

   

  (a)           Except as provided in Section 9.01 and
      Section 9.02(b), the Issuer, 3M, the Guarantors and the Trustee may amend or supplement this Indenture, the Notes, the 3M Guarantee and the Note Guarantees with the consent of the Holders of a majority in principal amount of the Notes then
      outstanding (including, without limitation, consents obtained in connection with a purchase of, or tender offer or exchange offer for, Notes) and, subject to Section 6.04 and Section 6.07, any existing Default or Event of Default (other than a
      Default or Event of Default in the payment of principal, premium, if any, or interest on the Notes, except a payment default resulting from an acceleration that has been rescinded) or compliance with any provision of this Indenture, the Notes, the 3M
      Guarantee or the Note Guarantees may be waived with the consent of the Holders of a majority in principal amount of the Notes then outstanding (including, without limitation, consents obtained in connection with a purchase of, or tender offer or
      exchange offer for, Notes). Section 2.08 and Section 2.09 shall determine which Notes are considered to be “outstanding” for the purposes of this Section 9.02.

   

  (b)           Without the consent of each affected
      Holder, no amendment, supplement or waiver under this Section 9.02 may, with respect to any Notes held by a non-consenting Holder:

   

  (1)           reduce the principal amount of Notes
      whose Holders must consent to an amendment, supplement or waiver;

   

  (2)           reduce the stated rate of interest or
      extend the stated time for payment of interest on any such Note;

   

  
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  (3)           reduce the principal of or extend the
      Stated Maturity of any such Note;

   

  (4)           waive a Default or Event of Default in
      the payment of principal of, premium, if any, or interest on the Notes (except a rescission of acceleration of the Notes by the Holders of at least a majority in aggregate principal amount of the then outstanding Notes with respect to a nonpayment
      default and a waiver of the payment default that resulted from such acceleration);

   

  (5)           reduce the premium payable upon the
      redemption of any such Note or change the time at which any such Note may be redeemed as described in Section 3.07 (excluding for greater certainty any notice periods with respect to Notes that are otherwise redeemable);

   

  (6)           reduce the premium payable upon the
      repurchase of any such Note or change the time at which any such Note may be repurchased as described in Section 4.15 (subject to Section 4.15(h)) or Section 4.16 (subject to Section 4.16(h));

   

  (7)           make any such Note payable in a
      currency other than that stated in such Note;

   

  (8)           impair the contractual right expressly
      set forth in this Indenture or the Notes of any Holder to institute suit for the enforcement of any payment on or with respect to such Holder’s Notes on or after the due dates therefor; or

   

  (9)           except as contemplated by this
      Indenture, (a) release the 3M Guarantee prior to the satisfaction of the 3M Guarantee Release Condition or (b) release all or substantially all of the Guarantors from their Note Guarantees.

   

  (c)           For the avoidance of doubt, no amendment,
      waiver, modification or deletion of the provisions set forth in Article 4 and Article 5 shall be deemed to impair or affect any rights of Holders to institute suit for the enforcement of any payment on or with respect to, or to receive payment of
      principal of, or premium, if any, or interest on, the Notes.

   

  (d)           It shall not be necessary for the consent
      of the Holders under this Section 9.02 to approve the particular form of any proposed amendment, supplement or waiver. It shall be sufficient if such consent approves the substance of the proposed amendment, supplement or waiver.

   

  (e)           A consent to any amendment, supplement or
      waiver of this Indenture, the Notes, the 3M Guarantee or the Note Guarantees by any Holder given in connection with a tender of such Holder’s Notes will not be rendered invalid by such tender.

   

  (f)            After an amendment, supplement or waiver
      under this Section 9.02 becomes effective, the Company shall give to the Holders a notice briefly describing such amendment, supplement or waiver. However, any failure of the Company to give such notice to all the Holders, or any defect in the
      notice, will not impair or affect the validity of any such amendment, supplement or waiver.

   

  Section 9.03         Effect of
        Consents.

   

  (a)           Until an amendment, supplement or waiver
      becomes effective, a consent to it by a Holder of a Note is a continuing consent by the Holder of a Note and every subsequent Holder of a Note or portion of a Note that evidences the same debt as the consenting Holder’s Note, even if notation of the
      consent is not made on any Note. An amendment, supplement or waiver becomes effective in accordance with its terms and thereafter binds every Holder.

   

  
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  (b)           The Issuer may, but shall not be obligated
      to, fix a record date pursuant to Section 1.05 for the purpose of determining the Holders entitled to consent to any amendment, supplement or waiver.

   

  Section 9.04         Notation on
        or Exchange of Notes.

   

  (a)           The Trustee may place an appropriate
      notation about an amendment, supplement or waiver on any Note thereafter authenticated. The Issuer may, in exchange for all Notes, issue new Notes that reflect the amendment, supplement or waiver and the Trustee shall, upon receipt of an
      Authentication Order, authenticate such new Notes.

   

  (b)           Failure to make the appropriate notation or
      issue a new Note shall not affect the validity and effect of such amendment, supplement or waiver.

   

  Section 9.05         Trustee to
        Sign Amendments, etc.

   

  The Trustee shall sign any amended or supplemental
      indenture or waiver authorized pursuant to this Article 9 and make any further appropriate agreements and stipulations that may be therein contained, unless the foregoing directly affects the rights, duties, liabilities or immunities of the Trustee
      under this Indenture, in which case the Trustee may in its discretion, but shall not be obligated to, enter into such amended or supplemental indenture, waiver or other agreement. In executing any amended or supplemental indenture, waiver or other
      agreement, the Trustee shall be entitled to receive and (subject to Section 7.01) shall be fully protected in relying upon, in addition to the documents required by Section 12.04, an Officer’s Certificate and an Opinion of Counsel stating that the
      execution of such amended or supplemental indenture is authorized or permitted by this Indenture and that such amended or supplemental indenture, waiver or other agreement is the legal, valid and binding obligation of the Issuer and any Guarantor
      party thereto, enforceable against them in accordance with its terms, subject to customary exceptions and qualifications, and complies with the provisions hereof.

   

  ARTICLE 10

      

      GUARANTEES

   

  Section 10.01     Guarantee.

   

  (a)           On the Issue Date, 3M will execute and
      deliver to the Trustee the 3M Guarantee Agreement, pursuant to which the Notes will initially be guaranteed on an unsecured, unsubordinated basis by 3M. Pursuant to the 3M Guarantee as set forth in the 3M Guarantee Agreement, 3M will unconditionally
      guarantee on an unsecured, unsubordinated basis, the full and punctual payment when due, whether at stated maturity, by acceleration, redemption or otherwise, of the principal of, premium, if any, on and interest on (including interest on any overdue
      principal and interest) the Notes if lawful, and all other Obligations of the Issuer under this Indenture and the Notes. Pursuant to the 3M Guarantee Agreement, the 3M Guarantee will be automatically, irrevocably and unconditionally terminated and be
      discharged and of no further force or effect, and 3M shall automatically, irrevocably and unconditionally be released from all of its obligations thereunder, without any action on the part of the Trustee, any Holder or any other person, (i) upon the
      earliest to occur of (A) the consummation of the Distribution and (B) the consummation of a Legal Defeasance or Covenant Defeasance relating to the Notes as set forth in Article 8 or the discharge of this Indenture with respect to the Notes as set
      forth in Article 11 or (ii) otherwise in accordance with the provisions of this Indenture (the “3M Guarantee Release Condition”; the date upon which the 3M Guarantee is terminated and released in accordance with its terms, the “3M Guarantee
        Release Date”).

   

  
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  (b)           On the Closing Date, the Company and each
      Domestic Subsidiary of the Company that guarantees the obligations under the Senior Secured Credit Facilities will execute and deliver to the Trustee a supplemental indenture substantially in the form attached hereto as Exhibit C (the “Closing

        Date Supplemental Indenture”).

   

  (c)           Subject to this Article 10, from and after
      the Closing Date, by its execution of a supplemental indenture pursuant to which it agrees to become a Guarantor hereunder, each of the Guarantors hereby, jointly and severally, irrevocably and unconditionally guarantees, on a senior unsecured basis,
      to each Holder and to the Trustee and its successors and assigns, irrespective of the validity and enforceability of this Indenture, the Notes or the obligations of the Issuer hereunder or thereunder, that: (1) the principal, premium, if any, and
      interest (including post-petition interest in any proceeding under any Bankruptcy Law) on the Notes shall be promptly paid in full when due, whether at Stated Maturity, by acceleration, redemption or otherwise, and interest on the overdue principal
      and interest on the Notes, if any, if lawful, and all other Obligations of the Issuer to the Holders or the Trustee hereunder or under the Notes shall be promptly paid in full or performed, all in accordance with the terms hereof and thereof; and (2)
      in case of any extension of time of payment or renewal of any Notes or any of such other obligations, that same shall be promptly paid in full when due or performed in accordance with the terms of the extension or renewal, whether at Stated Maturity,
      by acceleration or otherwise (collectively, the “Guaranteed Obligations”). Failing payment by the Issuer when due of any amount so guaranteed or any performance so guaranteed for whatever reason, the Guarantors shall be jointly and severally
      obligated to pay the same immediately. Each Guarantor agrees that this is a guarantee of payment and not a guarantee of collection.

   

  (d)           Each Guarantor hereby agrees that its
      obligations hereunder shall be unconditional, irrespective of the validity, regularity or enforceability of the Notes or this Indenture, the absence of any action to enforce the same, any waiver or consent by any Holder with respect to any provisions
      hereof or thereof, the recovery of any judgment against the Issuer, any action to enforce the same or any other circumstance which might otherwise constitute a legal or equitable discharge or defense of a guarantor. Each Guarantor hereby waives
      diligence, presentment, demand of payment, filing of claims with a court in the event of insolvency or bankruptcy of the Issuer, any right to require a proceeding first against the Issuer, protest, notice and all demands whatsoever and covenants that
      this Note Guarantee shall not be discharged except by complete performance of the obligations contained in the Notes and this Indenture, or pursuant to Section 10.06.

   

  (e)           Each of the Guarantors also agrees, jointly
      and severally, to pay the Trustee’s ordinary and extraordinary fees and expenses and the costs and expenses (including reasonable attorneys’ fees and expenses) incurred by the Trustee or any Holder in enforcing any rights under this Section 10.01.

   

  (f)            If any Holder or the Trustee is required
      by any court or otherwise to return to the Issuer, the Guarantors or any custodian, trustee, liquidator or other similar official acting in relation to the Issuer or the Guarantors, any amount paid either to the Trustee or such Holder, this Note
      Guarantee, to the extent theretofore discharged, shall be reinstated in full force and effect.

   

  (g)           Each Guarantor agrees that it shall not be
      entitled to any right of subrogation in relation to the Holders in respect of any Guaranteed Obligations until payment in full of all Guaranteed Obligations. Each Guarantor further agrees that, as between the Guarantors, on the one hand, and the
      Holders and the Trustee, on the other hand, (1) the maturity of the Guaranteed Obligations may be accelerated as provided in Article 6 for the purposes of this Note Guarantee, notwithstanding any stay, injunction or other prohibition preventing such
      acceleration in respect of the Guaranteed Obligations, and (2) in the event of any declaration of acceleration of such Guaranteed Obligations as provided in Article 6, such Guaranteed Obligations (whether or not due and payable) shall forthwith
      become due and payable by the Guarantors for the purpose of this Note Guarantee. The Guarantors shall have the right to seek contribution from any non-paying Guarantor so long as the exercise of such right does not impair the rights of the Holders
      under the Note Guarantees.

   

  
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  (h)           Each Note Guarantee shall remain in full
      force and effect and continue to be effective should any petition be filed by or against the Issuer for liquidation or reorganization, should the Issuer become insolvent or make an assignment for the benefit of creditors or should a receiver or
      trustee be appointed for all or any significant part of the Issuer’s assets, and shall, to the fullest extent permitted by law, continue to be effective or be reinstated, as the case may be, if at any time payment and performance of the Notes are,
      pursuant to applicable law, rescinded or reduced in amount, or must otherwise be restored or returned by any obligee on the Notes or the Note Guarantees, whether as a “voidable preference,” “fraudulent transfer” or otherwise, all as though such
      payment or performance had not been made. In the event that any payment or any part thereof, is rescinded, reduced, restored or returned, the Notes shall, to the fullest extent permitted by law, be reinstated and deemed reduced only by such amount
      paid and not so rescinded, reduced, restored or returned.

   

  (i)            In case any provision of any Note
      Guarantee shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby.

   

  (j)            Each payment to be made by a Guarantor in
      respect of its Note Guarantee shall be made without set-off, counterclaim, reduction or diminution of any kind or nature.

   

  Section 10.02     Limitation on
        Guarantor Liability.

   

  Each Guarantor, and by its acceptance of Notes, each
      Holder, hereby confirms that it is the intention of all such parties that the Note Guarantee of such Guarantor not constitute a fraudulent conveyance or a fraudulent transfer for purposes of Bankruptcy Law, the Uniform Fraudulent Conveyance Act, the
      Uniform Fraudulent Transfer Act or any similar federal or state law to the extent applicable to any Note Guarantee. To effectuate the foregoing intention, the Trustee, the Holders and the Guarantors hereby irrevocably agree that the obligations of
      each Guarantor shall be limited to the maximum amount as will, after giving effect to such maximum amount and all other contingent and fixed liabilities of such Guarantor that are relevant under such laws and after giving effect to any collections
      from, rights to receive contribution from or payments made by or on behalf of any other Guarantor in respect of the obligations of such other Guarantor under this Article 10, result in the obligations of such Guarantor under its Note Guarantee not
      constituting a fraudulent conveyance or fraudulent transfer under applicable law. Each Guarantor that makes a payment under its Note Guarantee will be entitled upon payment in full of all Guaranteed Obligations under this Indenture to a contribution
      from each other Guarantor in an amount equal to such other Guarantor’s pro rata portion of such payment based on the respective net assets of all the Guarantors at the time of such payment, determined in accordance with GAAP.

   

  Section 10.03     Execution and
        Delivery.

   

  (a)           To evidence its Note Guarantee set forth in
      Section 10.01, each Guarantor hereby agrees that this Indenture shall be executed on behalf of such Guarantor by an Officer or person holding an equivalent title.

   

  (b)           Each Guarantor hereby agrees that its Note
      Guarantee set forth in Section 10.01 shall remain in full force and effect notwithstanding the absence of the endorsement of any notation of such Note Guarantee on the Notes.

   

  
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  (c)           If an Officer whose signature is on this
      Indenture no longer holds that office at the time the Trustee authenticates the Note, the Note Guarantees shall be valid nevertheless.

   

  (d)           The delivery of any Note by the Trustee,
      after the authentication thereof hereunder, shall constitute due delivery of the Note Guarantee set forth in this Indenture on behalf of the Guarantors.

   

  Section 10.04     Subrogation.

   

  Each Guarantor shall be subrogated to all rights of
      Holders against the Company in respect of any amounts paid by any Guarantor pursuant to the provisions of Section 10.01; provided that, if an Event of Default has occurred and is continuing, no Guarantor shall be entitled to enforce or
      receive any payments arising out of, or based upon, such right of subrogation until all amounts then due and payable by the Issuer under this Indenture or the Notes shall have been paid in full.

   

  Section 10.05     Benefits
        Acknowledged.

   

  Each Guarantor acknowledges that it will receive direct
      and indirect benefits from the financing arrangements contemplated by this Indenture and that the guarantee and waivers made by it pursuant to its Note Guarantee are knowingly made in contemplation of such benefits.

   

  Section 10.06     Release of
        Note Guarantees.

   

  (a)           A Note Guarantee by a Guarantor will be
      automatically and unconditionally released and discharged and be of no further force and effect upon:

   

  (1)           in the case of a Subsidiary Guarantor,
      any sale, assignment, transfer, conveyance, exchange or other disposition (by merger, consolidation or otherwise) of the Capital Stock of such Subsidiary Guarantor or the sale, assignment, transfer, conveyance, exchange or other disposition of all or
      substantially all of the assets of the Subsidiary Guarantor, upon which the applicable Subsidiary Guarantor is no longer a Restricted Subsidiary, if such sale, assignment, transfer, conveyance, exchange or other disposition is not prohibited by this
      Indenture;

   

  (2)           in the case of a Subsidiary Guarantor,
      the release or discharge of such Subsidiary Guarantor from its liability as borrower under, or Guarantee of Indebtedness of the Issuer under, the Senior Secured Credit Facilities (including, by reason of the termination of the Senior Secured Credit
      Facilities) and its Guarantee of all other Indebtedness that resulted or would result in the obligation of such Subsidiary Guarantor to Guarantee the Notes, if such Subsidiary Guarantor would not then otherwise be required to Guarantee the Notes
      pursuant to this Indenture, except a release or discharge by or as a result of payment under such Guarantee under the Senior Secured Credit Facilities or such other Indebtedness (it being understood that a release subject to a contingent
      reinstatement is still a release, and that if any such Guarantee of Indebtedness of the Issuer or a Guarantor under the Senior Secured Credit Facilities or such other Indebtedness is reinstated, such Note Guarantee shall also be reinstated to the
      extent that such Guarantor would then be required to provide a Note Guarantee pursuant to Section 4.11); provided that if such Guarantor has Incurred any Indebtedness in reliance on its status as a Guarantor under Section 4.09, such
      Guarantor’s obligations under such Indebtedness, as the case may be, so Incurred are satisfied in full and discharged or are otherwise permitted to be Incurred by a Non-Guarantor Restricted Subsidiary under Section 4.09; 

   

  
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  (3)           in the case of a Subsidiary Guarantor,
      to the extent that such Subsidiary has provided a Note Guarantee in the Company’s discretion in accordance with Section 4.11(b) upon the Company’s delivering written notice to the Trustee of its election to release such Guarantor from its Note
      Guarantee; provided (i) that if such Guarantor has Incurred any Indebtedness in reliance on its status as a Guarantor under Section 4.09, such Guarantor’s obligations under such Indebtedness, as the case may be, so Incurred are satisfied in
      full and discharged or are otherwise permitted to be Incurred by a Non-Guarantor Restricted Subsidiary under Section 4.09 and (ii) such Subsidiary Guarantor would not then otherwise be required to Guarantee the Notes pursuant to this Indenture;

   

  (4)           in the case of a Subsidiary Guarantor,
      the proper designation of such Subsidiary Guarantor as an Unrestricted Subsidiary or the occurrence of any event not prohibited by this Indenture after which such Subsidiary Guarantor is no longer a Restricted Subsidiary;

   

  (5)           in the case of a Subsidiary Guarantor,
      the merger, amalgamation or consolidation of such Subsidiary Guarantor with and into the Issuer or another Guarantor or upon the liquidation of such Guarantor, in each case, if not prohibited by the applicable provisions of this Indenture;

   

  (6)           in the case of a Subsidiary Guarantor,
      to the extent that such Subsidiary Guarantor has become an Excluded Subsidiary as a result of a transaction or designation in compliance with the applicable provisions of this Indenture;

   

  (7)           the Issuer’s exercise of its Legal
      Defeasance option or Covenant Defeasance option as set forth in Article 8 or the discharge of the Issuer’s obligations under this Indenture in accordance with the terms of this Indenture as set forth in Article 11;

   

  (8)           payment in full of the principal amount
      of Notes outstanding at such time, plus accrued and unpaid interest, if any, and all other Obligations under this Indenture and the Note Guarantees that are due and payable at or prior to the time such principal, together with accrued and unpaid
      interest, is paid, whether by redemption or otherwise in accordance with this Indenture;

   

  (9)           in the case of a Subsidiary Guarantor,
      upon the occurrence of a Suspension Event; provided that, such Note Guarantee shall be reinstated (or substantially similar Note Guarantees provided) upon the occurrence of the Reinstatement Date; or

   

  (10)         as set forth in Article 9.

   

  (b)           At the request of the Issuer, and upon
      delivery to the Trustee of an Officer’s Certificate and an Opinion of Counsel that such release of a Note Guarantee complies with this Indenture, the Trustee shall execute and deliver an appropriate instrument evidencing such release of a Note
      Guarantee. Any such releases to be effected by the Trustee may be effected thereby without the consent of the Holders (other than as set forth in paragraph (10) above to the extent consent is required) and will not require any other action or consent
      on the part of the Trustee.

   

  ARTICLE 11

      

      SATISFACTION AND DISCHARGE

   

  Section 11.01     Satisfaction
        and Discharge.

   

  (a)           This Indenture will be discharged and will
      cease to be of further effect as to all Notes issued hereunder, when either:

   

  (1)           all Notes that have been authenticated and delivered
      (except lost, stolen or destroyed Notes that have been replaced or paid and Notes for whose payment money has been deposited in trust) have been delivered to the Trustee for cancellation; or

   

  
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   (2)           (A) all Notes not theretofore
      delivered to the Trustee for cancellation have become due and payable by reason of the giving of a notice of redemption, will become due and payable within one year or are to be called for redemption within one year under arrangements satisfactory to
      the Trustee for the giving of notice of redemption by the Trustee in the name, and at the expense, of the Issuer, and the Issuer, 3M or any Guarantor has irrevocably deposited or caused to be deposited with the Trustee, as trust funds in trust solely
      for the benefit of the Holders, cash in U.S. dollars, Government Securities, or a combination thereof, in such amounts as will be sufficient (to the extent Government Securities are deposited, as confirmed, certified or attested by an Independent
      Financial Advisor in writing to the Trustee), without consideration of any reinvestment of interest, to pay and discharge the entire Indebtedness on the Notes not theretofore delivered to the Trustee for cancellation for principal, premium, if any,
      and accrued interest to the date of maturity or redemption, as the case may be;

   

  (B)          no Default or Event of Default has
      occurred and is continuing on the date of such deposit or will occur as a result of such deposit (other than a Default or an Event of Default resulting from the borrowing of funds to be applied to make such deposit and any similar and simultaneous
      deposit relating to other Indebtedness and, in each case, the granting of Liens in connection therewith) and the deposit will not result in a breach or violation of, or constitute a default under, the Senior Secured Credit Facilities or any other
      material agreement or material instrument (other than this Indenture) to which the Issuer or any Guarantor is a party or by which the Issuer or any Guarantor is bound (other than a default resulting from the borrowing of funds to be applied to make
      such deposit and any similar and simultaneous deposit relating to other Indebtedness and, in each case, the granting of Liens in connection therewith);

   

  (C)          the Issuer or any Guarantor has paid or
      caused to be paid all sums payable by the Issuer under this Indenture; and

   

  (D)          the Issuer has delivered irrevocable
      instructions to the Trustee to apply the deposited money toward the payment of the Notes at maturity or the redemption date, as the case may be.

   

  (b)           In addition, the Issuer shall deliver to
      the Trustee an Officer’s Certificate and an Opinion of Counsel each stating that all conditions precedent to satisfaction and discharge have been satisfied.

   

  (c)           Notwithstanding the satisfaction and
      discharge of this Indenture, the provisions of Sections 7.07, 8.06 and 11.02 shall survive.

   

  Section 11.02     Application of
        Trust Money.

   

  (a)           Subject to the provisions of Section 8.06,
      all money deposited with the Trustee pursuant to Section 11.01 shall be held in trust and applied by it, in accordance with the provisions of the Notes and this Indenture, to the payment, either directly or through any Paying Agent (including the
      Company or any Restricted Subsidiary acting as its own Paying Agent) as the Trustee may determine, to the Persons entitled thereto, of the principal, premium, if any, and interest for whose payment such money has been deposited with the Trustee, but
      such money need not be segregated from other funds except to the extent required by law.

   

  
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  (b)           If the Trustee or Paying Agent is unable to
      apply any money or Government Securities in accordance with Section 11.01 by reason of any legal proceeding or by reason of any order or judgment of any court or governmental authority enjoining, restraining or otherwise prohibiting such application,
      the Issuer’s and any Guarantor’s obligations under this Indenture, the Notes and the Note Guarantees shall be revived and reinstated as though no deposit had occurred pursuant to Section 11.01; provided that if the Issuer has made any
      payment of principal, premium, if any, or interest on any Notes because of the reinstatement of its obligations, the Issuer shall be subrogated to the rights of the Holders of such Notes to receive such payment from the money or Government Securities
      held by the Trustee or Paying Agent, as the case may be.

   

  ARTICLE 12

      

      MISCELLANEOUS

   

  Section 12.01     Concerning the
        Trust Indenture Act.

   

  This Indenture is not required to be, nor will it be,
      qualified under the Trust Indenture Act of 1939, as amended (the “Trust Indenture Act”), and does not include or incorporate by reference any provisions of, or be subject to the terms of, the Trust Indenture Act.

   

  Section 12.02     Notices.

   

  (a)           Any notice or communication to the Issuer,
      any Guarantor or the Trustee is duly given if in writing and (1) delivered in person, (2) mailed by first-class mail (certified or registered, return receipt requested), postage prepaid, or overnight air courier guaranteeing next day delivery or
      (3) sent by electronic transmission, to its address:

   

  If to the Issuer (prior to the Closing Date):

   

  Garden SpinCo Corporation 

  c/o 3M Office of General Counsel 

  3M Center, Building 220-9E-02 

  St. Paul, MN 55144-1000 

  Attention: Michael Dai, Vice President, Associate General Counsel &
      Secretary 

  Email: dealnotices@mmm.com

   

  if to the Issuer (from and after the Closing) or any Guarantor:

   

  Garden SpinCo Corporation 

  c/o Neogen Corporation

      620 Lesher Place

      Lansing, Michigan 48912

      Attention: Amy Rocklin, Vice President and General Counsel 

  Email: ARocklin@neogen.com 

      

    

   

  if to the Trustee, Paying Agent or Registrar, at its Corporate Trust
      Office, which Corporate Trust Office for purposes of this Indenture is at the date hereof located at:

   

  U.S. Bank Trust Company, National Association 

  333 Commerce Street, Suite 800 

  Nashville, Tennessee 37201 

  Attention: Global Corporate Trust – Garden SpinCo Corporation 

  Email: wally.jones@usbank.com

   

  
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  The Issuer, any Guarantor or the Trustee, by like notice, may designate
      additional or different addresses for subsequent notices or communications.

   

  (b)           All notices and communications (other than
      those sent to Holders) shall be deemed to have been duly given: at the time delivered by hand, if personally delivered; on the first date of which publication is made, if by publication; five calendar days after being deposited in the mail, postage
      prepaid, if mailed by first-class mail; the next Business Day after timely delivery to the courier, if mailed by overnight air courier guaranteeing next day delivery; when receipt acknowledged, if sent by facsimile or electronic transmission; provided
      that any notice or communication delivered to the Trustee shall be deemed effective upon actual receipt thereof.

   

  (c)           Any notice or communication to a Holder
      shall be mailed by first-class mail (certified or registered, return receipt requested) or by overnight air courier guaranteeing next day delivery to its address shown on the Note Register or by such other delivery system as the Trustee agrees to
      accept (including, if applicable, the Applicable Procedures). Failure to mail or otherwise deliver a notice or communication to a Holder or any defect in it shall not affect its sufficiency with respect to other Holders.

   

  (d)           Where this Indenture provides for notice in
      any manner, such notice may be waived in writing by the Person entitled to receive such notice, either before or after the event, and such waiver shall be the equivalent of such notice. Waivers of notice by Holders shall be filed with the Trustee,
      but such filing shall not be a condition precedent to the validity of any action taken in reliance upon such waiver.

   

  (e)           Notwithstanding anything to the contrary,
      where this Indenture provides for notice of any event to a Holder of a Global Note, such notice shall be sufficiently given if given to the Depositary for such Note (or its designee), according to the applicable procedures of such Depositary, if any,
      prescribed for the giving of such notice.

   

  (f)            The Trustee shall have the right to accept
      and act upon directions given pursuant to this Indenture or any other document reasonably relating to the Notes and delivered using Electronic Means; provided, however, that the Issuer or other party providing that notice shall
      provide to the Trustee an incumbency certificate listing Officers or authorized representatives, as applicable, with the authority to provide such directions and containing specimen signatures of such Officers or authorized representatives, which
      incumbency certificate shall be amended whenever a person is to be added or deleted from the listing. The Issuer and any other party providing such notice via Electronic Means understands and agrees that the Trustee cannot determine the identity of
      the actual sender of such directions and that the Trustee shall conclusively presume that they have been sent by an authorized Officer or authorized representative. The Issuer and any other party providing notice via Electronic Means shall be
      responsible for ensuring that only authorized Officers or representatives, as applicable, transmit such directions to the Trustee and that all authorized Officers or representatives treat applicable user and authorization codes, passwords and/or
      authentication keys with extreme care. The Trustee shall not be liable for any losses, costs or expenses arising directly or indirectly from the Trustee’s reasonable reliance upon and compliance with such directions notwithstanding such directions
      conflict or are inconsistent with a subsequent written direction. The Issuer and any other party providing notice via Electronic Means agrees: (i) to assume all risks arising out of the use of Electronic Means to submit directions to the Trustee,
      including without limitation the risk of the Trustee acting on unauthorized directions, and the risk of interception and misuse by third parties; (ii) that it is fully informed of the protections and risks associated with the various methods of
      transmitting directions to the Trustee and that there may be more secure methods of transmitting directions than the method(s) selected by it; (iii) that the security procedures (if any) to be followed in connection with its transmission of
      directions provide to it a commercially reasonable degree of protection in light of its particular needs and circumstances and (iv) to notify the Trustee immediately upon learning of any compromise or unauthorized use of the security procedures.
      Notwithstanding the foregoing, the Trustee may in any instance and in its sole discretion require that an original document bearing a manual signature be delivered to the Trustee in lieu of, or in addition to, any such electronic notice.

   

  
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  (g)           If a notice or communication is sent in the
      manner provided above within the time prescribed, it is duly given, whether or not the addressee receives it.

   

  (h)           If the Issuer or the Company delivers a
      notice or communication to Holders, it shall deliver a copy to the Trustee and each Agent at the same time.

   

  Section 12.03     [Reserved].

   

  Section 12.04     Certificate
        and Opinion as to Conditions Precedent.

   

  Upon any request or application by the Issuer or any
      Guarantor to the Trustee to take any action under this Indenture, the Issuer or such Guarantor, as the case may be, shall furnish to the Trustee:

   

  (1)           an Officer’s Certificate in form and
      substance reasonably satisfactory to the Trustee (which shall include the statements set forth in Section 12.05) stating that, in the opinion of the signer(s), all conditions precedent and covenants, if any, provided for in this Indenture relating to
      the proposed action have been complied with; and

   

  (2)           an Opinion of Counsel in form and
      substance reasonably satisfactory to the Trustee (which shall include the statements set forth in Section 12.05) stating that, in the opinion of such counsel, all such conditions precedent and covenants have been complied with; provided that
      no Opinion of Counsel pursuant to this Section 12.04 shall be required (a) in connection with the authentication of Notes on the Issue Date or (b) in connection with the execution and delivery of the Closing Date Supplemental Indenture.

   

  Section 12.05     Statements
        Required in Certificate or Opinion.

   

  Each Officer’s Certificate or Opinion of Counsel with
      respect to compliance with a condition or covenant provided for in this Indenture (other than a certificate provided pursuant to Section 4.07) shall include:

   

  (1)           a statement that the Person making such
      certificate or opinion has read such covenant or condition;

   

  (2)           a brief statement as to the nature and
      scope of the examination or investigation upon which the statements or opinions contained in such certificate or opinion are based;

   

  (3)           a statement that, in the opinion of
      such Person, he or she has made such examination or investigation as is necessary to enable him or her to express an informed opinion as to whether or not such covenant or condition has been complied with (and, in the case of an Opinion of Counsel,
      may be limited to reliance on an Officer’s Certificate as to matters of fact); and

   

  
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  (4)           a statement as to whether or not, in
      the opinion of such Person, such condition or covenant has been complied with.

   

  In giving such Opinion of Counsel, counsel may rely as to
      factual matters on an Officer’s Certificate or on certificates of public officials.

   

  Section 12.06     Rules by
        Trustee and Agents.

   

  The Trustee may make reasonable rules for action by or at
      a meeting of Holders. The Registrar or Paying Agent may make reasonable rules and set reasonable requirements for its functions.

   

  Section 12.07     No Personal
        Liability of Directors, Officers, Employees, Members, Partners and Stockholders.

   

  No past, present or future director, officer, employee,
      incorporator, member, partner or stockholder of the Issuer, 3M or any Guarantor, as such, shall have any liability for any obligations of the Issuer, 3M or any Guarantor under the Notes, the 3M Guarantee, the Note Guarantees or this Indenture or for
      any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder by accepting a Note waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Notes.

   

  Section 12.08     Governing Law;
        Submission to Jurisdiction.

   

  THIS INDENTURE, THE NOTES AND ANY NOTE GUARANTEE WILL BE
      GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. Any legal suit, action or proceeding arising out of or based upon this Indenture or the Transactions contemplated hereby may be
        instituted in the federal courts of the United States OF AMERICA located in the City of New York or the courts of the State of New York in each case located in the City of New York, and each of the parties hereto (AND EACH HOLDER (BY THEIR
        ACCEPTANCE OF THE NOTES)) hereby irrevocably submits to the nonexclusive jurisdiction of such courts in any such suit, action or proceeding.

   

  Section 12.09     Waiver of Jury
        Trial.

   

  EACH OF THE ISSUER, THE GUARANTORS AND THE TRUSTEE, AND
      EACH HOLDER OF A NOTE BY ITS ACCEPTANCE THEREOF, HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS INDENTURE, THE NOTES, THE
      NOTE GUARANTEES OR THE TRANSACTIONS CONTEMPLATED HEREBY.

   

  Section 12.10     Force Majeure.

   

  In no event shall the Trustee be responsible or liable
      for any failure or delay in the performance of its obligations under this Indenture arising out of or caused by, directly or indirectly, forces beyond its reasonable control, including without limitation strikes, work stoppages, accidents, acts of
      war or terrorism, civil or military disturbances, nuclear or natural catastrophes or acts of God, epidemics, pandemics, quarantine restrictions, and interruptions, loss or malfunctions of utilities, communications or computer (software or hardware)
      services or other unavailability of the Federal Reserve Bank wire or facsimile or other wire or communication facility or hacking or cyber-attacks, or other infiltration of the Trustee’s technological infrastructure exceeding authorized access, or
      other causes reasonably beyond its control; it being understood that the Trustee shall use reasonable efforts which are consistent with accepted practices in the banking industry to resume performance as soon as practicable under the circumstances.

   

  
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  Section 12.11     No Adverse
        Interpretation of Other Agreements.

   

  This Indenture may not be used to interpret any other
      indenture, loan or debt agreement of the Company or its Restricted Subsidiaries or of any other Person. Any such indenture, loan or debt agreement may not be used to interpret this Indenture.

   

  Section 12.12     Successors.

   

  All agreements of the Issuer in this Indenture and the
      Notes shall bind its successors. All agreements of the Trustee in this Indenture shall bind its successors. All agreements of each Guarantor in this Indenture shall bind its successors, except as otherwise provided in Section 10.06.

   

  Section 12.13     Severability.

   

  In case any provision in this Indenture or in the Notes
      shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby.

   

  Section 12.14     Counterpart
        Originals.

   

  The parties may sign any number of copies of this
      Indenture. Each signed copy shall be an original, but all of them together represent the same agreement. Counterparts may be delivered via facsimile, electronic mail (including any electronic signature covered by the U.S. federal ESIGN Act of 2000,
      Uniform Electronic Transactions Act, the Electronic Signatures and Records Act or other applicable law, e.g., www.docusign.com) or other transmission method and any counterpart so delivered, including as described in Section 12.16, shall be deemed to
      have been duly and validly delivered and be valid and effective for all purposes.

   

  Section 12.15     Table of
        Contents, Headings, etc.

   

  The Table of Contents and headings of the Articles and
      Sections of this Indenture have been inserted for convenience of reference only, are not to be considered a part of this Indenture and shall in no way modify or restrict any of the terms or provisions hereof.

   

  Section 12.16     Facsimile and
        PDF Delivery of Signature Pages.

   

  The exchange of copies of this Indenture, the Notes and
      of signature pages by facsimile, portable document format (“PDF”), or other electronic transmission shall constitute effective execution and delivery of this Indenture as to the parties hereto and may be used in lieu of the original Indenture
      for all purposes. Signatures of the parties hereto transmitted by facsimile or PDF shall be deemed to be their original signatures for all purposes and 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, and the parties hereto consent to conduct the transactions contemplated hereunder by such means. The words “execution,” “signed,” “signature,” “delivery,”
      and words of like import in or relating to this Indenture shall be deemed to include electronic signatures provided by the electronic signing service DocuSign initiated by the Trustee (or such other digital signature provider as specified in writing
      to Trustee by the authorized representative as shall be acceptable to the Trustee), deliveries or the keeping of records in electronic form, each of which shall be of the same legal effect, validity or enforceability as a manually executed signature,
      physical delivery thereof or the use of a paper-based recordkeeping system, as the case may be, and the parties hereto consent to conduct the transactions contemplated hereunder by Electronic Means.

   

  
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  Section 12.17     U.S.A. PATRIOT
        Act.

   

  The parties hereto acknowledge that in accordance with
      Section 326 of the U.S.A. PATRIOT Act, the Trustee is required to obtain, verify, and record information that identifies each person or legal entity that establishes a relationship or opens an account with the Trustee. The parties to this Indenture
      agree that they will provide the Trustee with such information as it may request in order for the Trustee to satisfy the requirements of the U.S.A. PATRIOT Act.

   

  Section 12.18     Payments Due
        on Non-Business Days.

   

  In any case where any Interest Payment Date, redemption
      date or repurchase date or the Stated Maturity of the Notes shall not be a Business Day, then (notwithstanding any other provision of this Indenture or of the Notes) payment of principal, premium, if any, or interest on the Notes need not be made on
      such date, but may be made on the next succeeding Business Day with the same force and effect as if made on the Interest Payment Date, redemption date or repurchase date, or at the Stated Maturity of the Notes, provided that no interest will
      accrue for the period from and after such Interest Payment Date, redemption date, repurchase date or Stated Maturity, as the case may be.

   

  [Signature pages follow]

   

  
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  	 	Garden SpinCo Corporation
	 	 
	 	By:	/s/ Rodolfo Espinosa
	 	 	Name: Rodolfo Espinosa
	 	 	
          Title: Treasurer

            

        

   

  [Signature page to Indenture for 8.625% Senior Notes due 2030]

   

  
     

    
        

  

   

  	 	U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION, as Trustee
	 	 
	 	By:	/s/ Wally Jones
	 	 	Name: Wally Jones

          
	 	 	Title: Vice President

          

   

  [Signature page to Indenture for 8.625% Senior Notes due 2030]

   

  
     

    
        

  

   

  APPENDIX A

   

  PROVISIONS RELATING TO INITIAL NOTES AND

      ADDITIONAL NOTES

   

  Section 1.1          Definitions.

   

  (a)           Capitalized Terms.

   

  Capitalized terms used but not defined in this Appendix A
      have the meanings given to them in this Indenture. The following capitalized terms have the following meanings:

   

  “Applicable Procedures” means, with respect to any
      transfer or transaction involving a Global Note or beneficial interest therein, the rules and procedures of the Depositary for such Global Note, Euroclear or Clearstream, in each case to the extent applicable to such transaction and as in effect from
      time to time.

   

  “Clearstream” means Clearstream Banking, Société

        Anonyme, or any successor securities clearing agency.

   

  “Distribution Compliance Period,” with respect to
      any Note, means the period of 40 consecutive days beginning on and including the later of (a) the day on which such Note is first offered to persons other than distributors (as defined in Regulation S) in reliance on Regulation S, notice of which day
      shall be promptly given by the Issuer to the Trustee, and (b) the date of issuance with respect to such Note or any predecessor of such Note.

   

  “Euroclear” means Euroclear Bank S.A./N.Y., as
      operator of Euroclear systems Clearance System or any successor securities clearing agency.

   

   “IAI” means an institution that is an “accredited
      investor” as described in Rule 501(a)(1), (2), (3) or (7) under the Securities Act and is not a QIB.

   

   “QIB” means a “qualified institutional buyer” as
      defined in Rule 144A.

   

   “Regulation S” means Regulation S promulgated
      under the Securities Act.

   

   “Rule 144” means Rule 144 promulgated under the
      Securities Act.

   

   “Rule 144A” means Rule 144A promulgated under the
      Securities Act.

   

   “Unrestricted Global Note” means any Note in
      global form that does not bear or is not required to bear the Restricted Notes Legend.

   

   “U.S. person” means a “U.S. person” as defined in
      Regulation S.

   

  (b)           Other Definitions.

   

  	Term:	Defined in Section:
	 	 
	“Agent Members” 	2.1(c)
	“Definitive Notes Legend” 	2.2(e)
	“ERISA Legend” 	2.2(e)
	“Global Note” 	2.1(b)

   

  
     

    
        

  

  
   

  	Term:	Defined in Section:
	 	 
	“Global Notes Legend” 	2.2(e)
	“IAI Global Note” 	2.1(b)
	“Regulation S Global Note” 	2.1(b)
	“Regulation S Notes” 	2.1(a)
	“Restricted Notes Legend” 	2.3(e)
	“Rule 144A Global Note” 	2.1(b)
	“Rule 144A Notes” 	2.1(a)
	 	 

  Section 2.1           Form and Dating

   

  (a)           The Initial Notes issued on the date hereof
      shall be (i) offered and sold to the initial purchasers thereof and (ii) resold, initially only to (1) QIBs in reliance on Rule 144A (“Rule 144A Notes”) and (2) Persons other than U.S. persons in reliance on Regulation S (“Regulation S
        Notes”). Additional Notes may also be considered to be Rule 144A Notes or Regulation S Notes, as applicable.

   

  (b)           Global Notes. Rule 144A Notes shall
      be issued initially in the form of one or more permanent global Notes in definitive, fully registered form, numbered RA-1 upward (collectively, the “Rule 144A Global Note”) and Regulation S Notes shall be issued initially in the form of one or
      more global Notes, numbered RS-1 upward (collectively, the “Regulation S Global Note”), in each case without interest coupons and bearing the Global Notes Legend and Restricted Notes Legend, which shall be deposited on behalf of the purchasers
      of the Notes represented thereby with the Custodian, and registered in the name of the Depositary or a nominee of the Depositary, duly executed by the Issuer and authenticated by the Trustee as provided in this Indenture. One or more global Notes in
      definitive, fully registered form without interest coupons and bearing the Global Notes Legend and the Restricted Notes Legend, numbered RIAI-1 upward (collectively, the “IAI Global Note”) shall also be issued at the request of the Issuer,
      deposited with the Custodian, and registered in the name of the Depositary or a nominee of the Depositary, duly executed by the Issuer and authenticated by the Trustee as provided in this Indenture to accommodate transfers of beneficial interests in
      the Notes to IAIs subsequent to the initial distribution. The Rule 144A Global Note, the IAI Global Note, the Regulation S Global Note and any Unrestricted Global Note are each referred to herein as a “Global Note” and are collectively
      referred to herein as “Global Notes.” Each Global Note shall represent such of the outstanding Notes as shall be specified in the “Schedule of Exchanges of Interests in the Global Note” attached thereto and each shall provide that it shall
      represent the aggregate principal amount of Notes from time to time endorsed thereon and that the aggregate principal amount of outstanding Notes represented thereby may from time to time be reduced or increased, as applicable, to reflect exchanges
      and redemptions. Any endorsement of a Global Note to reflect the amount of any increase or decrease in the aggregate principal amount of outstanding Notes represented thereby shall be made by the Trustee or the Custodian, at the direction of the
      Trustee, in accordance with instructions given by the Holder thereof as required by Section 2.06 of this Indenture and Section 2.2(c) of this Appendix A. The Issuer has entered into a letter of representations with the Depositary in the form provided
      by the Depositary and the Trustee and each Agent are hereby authorized to act in accordance with such letter and Applicable Procedures.

   

  (c)           Book-Entry Provisions. This
      Section 2.1(c) shall apply only to a Global Note deposited with or on behalf of the Depositary.

   

  The Issuer shall execute and the Trustee shall, in
      accordance with this Section 2.1(c) and Section 2.02 of this Indenture and pursuant to an order of the Issuer signed by one Officer of the Issuer, authenticate and deliver initially one or more Global Notes that (i) shall be registered in the name of
      the Depositary for such Global Note or Global Notes or the nominee of such Depositary and (ii) shall be delivered by the Trustee to such Depositary or pursuant to such Depositary’s instructions or held by the Trustee as Custodian.

   

  
    2

    
        

  

   

  Members of, or participants in, the Depositary (“Agent
        Members”) shall have no rights under this Indenture with respect to any Global Note held on their behalf by the Depositary or by the Trustee as Custodian or under such Global Note, and the Depositary may be treated by the Issuer, the Trustee
      and any agent of the Issuer or the Trustee as the absolute owner of such Global Note for all purposes whatsoever. Notwithstanding the foregoing, nothing herein shall prevent the Issuer, the Trustee or any agent of the Issuer or the Trustee from
      giving effect to any written certification, proxy or other authorization furnished by the Depositary or impair, as between the Depositary and its Agent Members, the operation of customary practices of such Depositary governing the exercise of the
      rights of a holder of a beneficial interest in any Global Note.

   

  (d)           Definitive Notes. Except as provided
      in Section 2.2 or Section 2.3 of this Appendix A, owners of beneficial interests in Global Notes shall not be entitled to receive physical delivery of Definitive Notes.

   

  Section 2.2           Transfer and Exchange.

   

  (a)           Transfer and Exchange of Definitive
        Notes for Definitive Notes. When Definitive Notes are presented to the Registrar with a request:

   

  (i)            to register the transfer of such
      Definitive Notes; or

   

  (ii)           to exchange such Definitive Notes for
      an equal principal amount of Definitive Notes of other authorized denominations,

   

  the Registrar shall register the transfer or make the exchange as requested
      if its reasonable requirements for such transaction are met; provided, however, that the Definitive Notes surrendered for transfer or exchange:

   

  (A)         shall be duly endorsed or accompanied by a
      written instrument of transfer in form reasonably satisfactory to the Issuer and the Registrar, duly executed by the Holder thereof or his attorney duly authorized in writing; and

   

  (B)          in the case of Transfer Restricted Notes,
      they are being transferred or exchanged pursuant to an effective registration statement under the Securities Act or pursuant to Section 2.2(b) of this Appendix A or otherwise in accordance with the Restricted Notes Legend, and are accompanied by a
      certification from the transferor in the form provided on the reverse side of the Form of Note in Exhibit A for exchange or registration of transfers and, as applicable, delivery of such legal opinions, certifications and other information as
      may be requested pursuant thereto.

   

  (b)           Restrictions on Transfer of a Definitive
        Note for a Beneficial Interest in a Global Note. A Definitive Note may not be exchanged for a beneficial interest in a Global Note except upon satisfaction of the requirements set forth below. Upon receipt by the Trustee of a Definitive Note,
      duly endorsed or accompanied by a written instrument of transfer in form reasonably satisfactory to the Issuer and the Registrar, together with:

   

  (i)            a certification from the transferor in
      the form provided on the reverse side of the Form of Note in Exhibit A for exchange or registration of transfers and, as applicable, delivery of such legal opinions, certifications and other information as may be requested pursuant thereto;

   

  
    3

    
        

  

   

  (ii)           written instructions directing the
      Trustee to make, or to direct the Custodian to make, an adjustment on its books and records with respect to such Global Note to reflect an increase in the aggregate principal amount of the Notes represented by the Global Note, such instructions to
      contain information regarding the Depositary account to be credited with such increase; and

   

  (iii)          upon request by the Trustee, all
      information that is in the possession of the applicable party and that is necessary to allow the Trustee to comply with any tax reporting obligations applicable to the Trustee under applicable tax law in respect of such exchange, including without
      limitation any cost basis reporting obligations under Section 6045 of the Code (and the Trustee may rely on the information provided to it and shall have no responsibility to verify or ensure the accuracy of such information),

   

  the Trustee shall cancel such Definitive Note and cause, or direct the
      Custodian to cause, in accordance with the standing instructions and procedures existing between the Depositary and the Custodian, the aggregate principal amount of Notes represented by the Global Note to be increased by the aggregate principal
      amount of the Definitive Note to be exchanged and shall credit or cause to be credited to the account of the Person specified in such instructions a beneficial interest in the Global Note equal to the principal amount of the Definitive Note so
      canceled. If the applicable Global Note is not then outstanding, the Issuer shall issue and the Trustee shall authenticate, upon an Authentication Order, a new applicable Global Note in the appropriate principal amount.

   

  (c)           Transfer and Exchange of Global Notes.

   

  (i)            The transfer and exchange of Global
      Notes or beneficial interests therein shall be effected through the Depositary, in accordance with this Indenture (including applicable restrictions on transfer set forth in Section 2.2(d) of this Appendix A, if any) and the procedures of the
      Depositary therefor. A transferor of a beneficial interest in a Global Note shall deliver to the Registrar a written order given in accordance with the Depositary’s procedures containing information regarding the participant account of the Depositary
      to be credited with a beneficial interest in such Global Note, or another Global Note and such account shall be credited in accordance with such order with a beneficial interest in the applicable Global Note and the account of the Person making the
      transfer shall be debited by an amount equal to the beneficial interest in the Global Note being transferred.

   

  (ii)           If the proposed transfer is a transfer
      of a beneficial interest in one Global Note to a beneficial interest in another Global Note, the Registrar shall reflect on its books and records the date and an increase in the principal amount of the Global Note to which such interest is being
      transferred in an amount equal to the principal amount of the interest to be so transferred, and the Registrar shall reflect on its books and records the date and a corresponding decrease in the principal amount of the Global Note from which such
      interest is being transferred.

   

  (iii)          Notwithstanding any other provisions
      of this Appendix A (other than the provisions set forth in Section 2.3 of this Appendix A), a Global Note may not be transferred except as a whole and not in part if the transfer is by the Depositary to a nominee of the Depositary or by a nominee of
      the Depositary to the Depositary or another nominee of the Depositary or by the Depositary or any such nominee to a successor Depositary or a nominee of such successor Depositary.

   

  
    4

    
        

  

   

  (d)           Restrictions on Transfer of Global
        Notes; Voluntary Exchange of Interests in Transfer Restricted Global Notes for Interests in Unrestricted Global Notes. 

   

  (i)            Transfers by an owner of a beneficial
      interest in a Rule 144A Global Note or an IAI Global Note to a transferee who takes delivery of such interest through another Transfer Restricted Global Note shall be made in accordance with the Applicable Procedures and the Restricted Notes Legend
      and only upon receipt by the Trustee of a certification from the transferor in the form provided on the reverse side of the Form of Note in Exhibit A for exchange or registration of transfers and, as applicable, delivery of such legal
      opinions, certifications and other information as may be requested pursuant thereto. In addition, in the case of a transfer of a beneficial interest in either a Regulation S Global Note or a Rule 144A Global Note for an interest in an IAI Global
      Note, the transferee must furnish a signed letter substantially in the form of Exhibit B to the Trustee.

   

  (ii)           During the Distribution Compliance
      Period, beneficial ownership interests in the Regulation S Global Note may only be sold, pledged or transferred through Euroclear or Clearstream in accordance with the Applicable Procedures, the Restricted Notes Legend on such Regulation S Global
      Note and any applicable securities laws of any state of the United States of America. Prior to the expiration of the Distribution Compliance Period, transfers by an owner of a beneficial interest in the Regulation S Global Note to a transferee who
      takes delivery of such interest through a Rule 144A Global Note or an IAI Global Note shall be made only in accordance with the Applicable Procedures and the Restricted Notes Legend and upon receipt by the Trustee of a written certification from the
      transferor of the beneficial interest in the form provided on the reverse side of the Form of Note in Exhibit A for exchange or registration of transfers. Such written certification shall no longer be required after the expiration of the
      Distribution Compliance Period. Upon the expiration of the Distribution Compliance Period, beneficial ownership interests in the Regulation S Global Note shall be transferable in accordance with applicable law and the other terms of this Indenture.

   

  (iii)          Upon the expiration of the
      Distribution Compliance Period, beneficial interests in the Regulation S Global Note may be exchanged for beneficial interests in an Unrestricted Global Note upon certification in the form provided on the reverse side of the Form of Note in Exhibit A
      for an exchange from a Regulation S Global Note to an Unrestricted Global Note.

   

  (iv)          Beneficial interests in a Transfer
      Restricted Note that is a Rule 144A Global Note or an IAI Global Note may be exchanged for beneficial interests in an Unrestricted Global Note upon certification in the form provided on the reverse side of the Form of Note in Exhibit A for an
      exchange from a Rule 144A Global Note to an Unrestricted Global Note and/or upon delivery of such legal opinions, certifications and other information as the Issuer or the Trustee may reasonably request.

   

  (v)           If no Unrestricted Global Note is
      outstanding at the time of a transfer contemplated by the preceding clauses (iii) and (iv), the Issuer shall issue and the Trustee shall authenticate, upon an Authentication Order, a new Unrestricted Global Note in the appropriate principal amount.

   

  
    5

    
        

  

   

  (e)           Legends.

   

  (i)            Except as permitted by Section 2.2(d),
      this Section 2.2(e) and Section 2.2(i) of this Appendix A, each Note certificate evidencing the Global Notes and the Definitive Notes (and all Notes issued in exchange therefor or in substitution thereof) shall bear a legend in substantially the
      following form (each defined term in the legend being defined as such for purposes of the legend only) (“Restricted Notes Legend”):

   

  THIS SECURITY HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933,
      AS AMENDED (THE “SECURITIES ACT”), OR THE SECURITIES LAWS OF ANY STATE OR OTHER JURISDICTION. NEITHER THIS SECURITY NOR ANY INTEREST OR PARTICIPATION HEREIN MAY BE REOFFERED, SOLD, ASSIGNED, TRANSFERRED, PLEDGED, ENCUMBERED OR OTHERWISE
      DISPOSED OF IN THE ABSENCE OF SUCH REGISTRATION OR UNLESS SUCH TRANSACTION IS EXEMPT FROM, OR NOT SUBJECT TO, SUCH REGISTRATION. THE HOLDER OF THIS SECURITY, BY ITS ACCEPTANCE HEREOF, AGREES ON ITS OWN BEHALF AND ON BEHALF OF ANY INVESTOR ACCOUNT FOR
      WHICH IT HAS PURCHASED SECURITIES, TO OFFER, SELL OR OTHERWISE TRANSFER SUCH SECURITY, PRIOR TO THE DATE (THE “RESALE RESTRICTION TERMINATION DATE”) THAT IS [IN THE CASE OF RULE 144A NOTES: SIX MONTHS AFTER THE LATER OF THE ORIGINAL
      ISSUE DATE HEREOF, THE ORIGINAL ISSUE DATE OF THE ISSUANCE OF ANY ADDITIONAL NOTES AND THE LAST DATE ON WHICH THE ISSUER OR ANY AFFILIATE OF THE ISSUER WAS THE OWNER OF THIS SECURITY (OR ANY PREDECESSOR OF SUCH SECURITY),] [IN THE CASE OF
        REGULATION S NOTES: 40 DAYS AFTER THE LATER OF THE ORIGINAL ISSUE DATE HEREOF, THE ORIGINAL ISSUE DATE OF THE ISSUANCE OF ANY ADDITIONAL NOTES AND THE DATE ON WHICH THIS SECURITY (OR ANY PREDECESSOR OF SUCH SECURITY) WAS FIRST OFFERED TO
      PERSONS OTHER THAN DISTRIBUTORS (AS DEFINED IN RULE 902 OF REGULATION S) IN RELIANCE ON REGULATION S], ONLY (A) TO THE COMPANY OR ANY SUBSIDIARY THEREOF, (B) PURSUANT TO A REGISTRATION STATEMENT THAT HAS BEEN DECLARED EFFECTIVE UNDER THE SECURITIES
      ACT, (C) FOR SO LONG AS THE SECURITIES ARE ELIGIBLE FOR RESALE PURSUANT TO RULE 144A UNDER THE SECURITIES ACT (“RULE 144A”), TO A PERSON IT REASONABLY BELIEVES IS A “QUALIFIED INSTITUTIONAL BUYER” AS DEFINED IN RULE 144A THAT PURCHASES FOR ITS
      OWN ACCOUNT OR FOR THE ACCOUNT OF A QUALIFIED INSTITUTIONAL BUYER TO WHOM NOTICE IS GIVEN THAT THE TRANSFER IS BEING MADE IN RELIANCE ON RULE 144A, (D) PURSUANT TO OFFERS AND SALES TO NON-U.S. PERSONS THAT OCCUR OUTSIDE THE UNITED STATES WITHIN THE
      MEANING OF REGULATION S UNDER THE SECURITIES ACT, (E) TO AN INSTITUTIONAL “ACCREDITED INVESTOR” WITHIN THE MEANING OF RULE 501(a)(1), (2), (3) OR (7) UNDER THE SECURITIES ACT THAT IS NOT A QUALIFIED INSTITUTIONAL BUYER AND THAT IS PURCHASING
      FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF ANOTHER INSTITUTIONAL ACCREDITED INVESTOR, IN EACH CASE IN A MINIMUM PRINCIPAL AMOUNT OF SECURITIES OF $250,000 OR (F) PURSUANT TO ANOTHER AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE
      SECURITIES ACT, SUBJECT TO THE COMPANY’S AND THE TRUSTEE’S RIGHT PRIOR TO ANY SUCH OFFER, SALE OR TRANSFER PURSUANT TO CLAUSES (E) OR (F) TO REQUIRE THE DELIVERY OF AN OPINION OF COUNSEL, CERTIFICATION AND/OR OTHER INFORMATION SATISFACTORY TO EACH OF
      THEM. THIS LEGEND WILL BE REMOVED UPON THE REQUEST OF THE HOLDER AFTER THE RESALE RESTRICTION TERMINATION DATE. [IN THE CASE OF REGULATION S NOTES: BY ITS ACQUISITION HEREOF, THE HOLDER HEREOF REPRESENTS THAT IT IS NOT A U.S. PERSON NOR IS IT
      PURCHASING FOR THE ACCOUNT OF A U.S. PERSON AND IS ACQUIRING THIS SECURITY IN AN OFFSHORE TRANSACTION IN ACCORDANCE WITH REGULATION S UNDER THE SECURITIES ACT.]

   

  
    6

    
        

  

   

  Each Definitive Note shall bear the following additional legend (“Definitive

        Notes Legend”):

   

  IN CONNECTION WITH ANY TRANSFER, THE HOLDER WILL DELIVER TO THE
      REGISTRAR AND TRANSFER AGENT SUCH CERTIFICATES AND OTHER INFORMATION AS SUCH REGISTRAR AND TRANSFER AGENT MAY REASONABLY REQUIRE TO CONFIRM THAT THE TRANSFER COMPLIES WITH THE FOREGOING RESTRICTIONS.

   

  Each Global Note shall bear the following additional legend (“Global
        Notes Legend”):

   

  UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF
      THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), NEW YORK, NEW YORK, TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR SUCH OTHER NAME
      AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO., OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR
      TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.

   

  TRANSFERS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS IN
      WHOLE, BUT NOT IN PART, TO DTC, TO NOMINEES OF DTC OR TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE AND TRANSFERS OF PORTIONS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN THE
      INDENTURE REFERRED TO ON THE REVERSE HEREOF.

   

  Each Note shall bear the following additional legend (“ERISA Legend”):

   

  BY ITS ACQUISITION OF THIS SECURITY, THE HOLDER THEREOF WILL BE DEEMED
      TO HAVE REPRESENTED AND WARRANTED THAT EITHER (1) NO PORTION OF THE ASSETS USED BY SUCH HOLDER TO ACQUIRE OR HOLD THIS SECURITY CONSTITUTES THE ASSETS OF AN EMPLOYEE BENEFIT PLAN THAT IS SUBJECT TO TITLE I OF THE U.S. EMPLOYEE RETIREMENT INCOME
      SECURITY ACT OF 1974, AS AMENDED (“ERISA”), OF A PLAN, INDIVIDUAL RETIREMENT ACCOUNT OR OTHER ARRANGEMENT THAT IS SUBJECT TO SECTION 4975 OF THE U.S. INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”) OR PROVISIONS UNDER ANY OTHER
      U.S. OR NON-U.S. FEDERAL, STATE, LOCAL OR OTHER LAWS OR REGULATIONS THAT ARE SIMILAR TO SUCH PROVISIONS OF ERISA OR THE CODE (“SIMILAR LAWS”), OR OF AN ENTITY WHOSE UNDERLYING ASSETS ARE CONSIDERED TO INCLUDE “PLAN ASSETS” OF ANY SUCH PLAN,
      ACCOUNT OR ARRANGEMENT, OR (2) THE ACQUISITION, HOLDING AND DISPOSITION OF THIS SECURITY WILL NOT CONSTITUTE A NON-EXEMPT PROHIBITED TRANSACTION UNDER SECTION 406 OF ERISA OR SECTION 4975 OF THE CODE OR A SIMILAR VIOLATION UNDER ANY APPLICABLE
      SIMILAR LAWS.

   

  
    7

    
        

  

   

  (ii)           Upon any sale or transfer of a
      Transfer Restricted Note that is a Definitive Note, the Registrar shall permit the Holder thereof to exchange such Transfer Restricted Note for a Definitive Note that does not bear the Restricted Notes Legend and the Definitive Notes Legend and
      rescind any restriction on the transfer of such Transfer Restricted Note if the Holder certifies in writing to the Registrar that its request for such exchange is in respect of a transfer made in reliance on Rule 144 (such certification to be in the
      form set forth on the reverse side of the Form of Note in Exhibit A) and provides such legal opinions, certifications and other information as the Issuer or the Trustee may reasonably request.

   

  (iii)          After a transfer of any Initial Notes
      or Additional Notes during the period of the effectiveness of a Shelf Registration Statement with respect to such Initial Notes or Additional Notes, as the case may be, all requirements pertaining to the Restricted Notes Legend on such Initial Notes
      or Additional Notes shall cease to apply and the requirements that any such Initial Notes or Additional Notes be issued in global form shall continue to apply.

   

  (iv)          Any Additional Notes sold in a
      registered offering shall not be required to bear the Restricted Notes Legend.

   

  (f)            Cancellation or Adjustment of Global
        Note. At such time as all beneficial interests in a Global Note have either been exchanged for Definitive Notes, transferred in exchange for an interest in another Global Note, or redeemed, repurchased or canceled, such Global Note shall be
      returned by the Depositary to the Trustee for cancellation or retained and canceled by the Trustee. At any time prior to such cancellation, if any beneficial interest in a Global Note is exchanged for Definitive Notes, transferred in exchange for an
      interest in another Global Note, or redeemed, repurchased or canceled, the principal amount of Notes represented by such Global Note shall be reduced and an adjustment shall be made on the books and records of the Registrar (if it is then the
      Custodian for such Global Note) with respect to such Global Note, by the Registrar or the Custodian, to reflect such reduction.

   

  (g)           Obligations with Respect to Transfers
        and Exchanges of Notes.

   

  (i)            To permit registrations of transfers
      and exchanges, the Issuer shall execute and the Trustee shall authenticate, Definitive Notes and Global Notes at the Registrar’s request.

   

  (ii)           No service charge shall be made for
      any registration of transfer or exchange (other than pursuant to Section 2.07 of this Indenture), but the Issuer may require payment of a sum sufficient to cover any transfer tax or similar governmental charge payable in connection therewith (other
      than any such transfer taxes or similar governmental charge payable upon exchange or transfer pursuant to Sections 2.10, 3.06, 4.15, 4.16 and 9.04 of this Indenture).

   

  (iii)          Prior to the due presentation for
      registration of transfer of any Note, the Company, the Trustee, the Paying Agent or the Registrar may deem and treat the person in whose name a Note is registered as the absolute owner of such Note for the purpose of receiving payment of principal,
      premium, if any, and interest on such Note and for all other purposes whatsoever, whether or not such Note is overdue, and none of the Issuer, the Trustee, the Paying Agent or the Registrar shall be affected by notice to the contrary.

   

  
    8

    
        

  

   

  (iv)          All Notes issued upon any transfer or
      exchange pursuant to the terms of this Indenture shall evidence the same debt and shall be entitled to the same benefits under this Indenture as the Notes surrendered upon such transfer or exchange.

   

  (v)           In order to effect any transfer or
      exchange of an interest in any Transfer Restricted Note for an interest in a Note that does not bear the Restricted Notes Legend and has not been registered under the Securities Act, if the Registrar so requests or if the Applicable Procedures so
      require, an Opinion of Counsel, in form reasonably acceptable to the Registrar to the effect that no registration under the Securities Act is required in respect of such exchange or transfer or the resale of such interest by the beneficial holder
      thereof, shall be required to be delivered to the Registrar and the Trustee.

   

  (h)           No Obligation of the Trustee.

   

  (i)            The Trustee shall have no
      responsibility or obligation to any beneficial owner of a Global Note, a member of, or a participant in the Depositary or any other Person with respect to the accuracy of the records of the Depositary or its nominee or of any participant or member
      thereof, with respect to any ownership interest in the Notes or with respect to the delivery to any participant, member, beneficial owner or other Person (other than the Depositary) of any notice (including any notice of redemption or repurchase), obtaining any consent or other action to be taken by Noteholders, the selection by the Depositary or any Depositary participant of any Person to receive payment in the event of partial redemption of the Notes, any consent
        given or other action taken by the Depositary as Noteholder or the payment of any amount, under or with respect to such Notes. All notices and communications to be given to the Holders and all payments to be made to Holders under the Notes
      shall be given or made only to the registered Holders (which shall be the Depositary or its nominee in the case of a Global Note). The rights of beneficial owners in any Global Note shall be exercised only through the Depositary subject to the
      applicable rules and procedures of the Depositary. The Trustee may rely and shall be fully protected in relying upon information furnished by the Depositary with respect to its members, participants and any beneficial owners.

   

  (ii)           The Trustee shall have no obligation
      or duty to monitor, determine or inquire as to compliance with any restrictions on transfer imposed under this Indenture or under applicable law with respect to any transfer of any interest in any Note (including any transfers between or among
      Depositary participants, members or beneficial owners in any Global Note) other than to require delivery of such certificates and other documentation or evidence as are expressly required by, and to do so if and when expressly required by, the terms
      of this Indenture, and to examine the same to determine substantial compliance as to form with the express requirements hereof.

   

  Section 2.3           Definitive Notes.

   

  (a)           A Global Note deposited with the Depositary
      or with the Trustee as Custodian pursuant to Section 2.1 of this Appendix A may be transferred to the beneficial owners thereof in the form of Definitive Notes in an aggregate principal amount equal to the principal amount of such Global Note, in
      exchange for such Global Note, only if such transfer complies with Section 2.2 of this Appendix A and (i) the Depositary notifies the Issuer that it is unwilling or unable to continue as a Depositary for such Global Note or if at any time the
      Depositary ceases to be a “clearing agency” registered under the Exchange Act and, in each case, a successor depositary is not appointed by the Issuer within 90 days of such notice or after the Issuer becomes aware of such cessation, (ii) an Event of
      Default has occurred and is continuing and the Registrar has received a request from the Depository or (iii) the Issuer, in its sole discretion and subject to the procedures of the Depository, notifies the Trustee in writing that it elects to cause
      the issuance of Definitive Notes under this Indenture. In addition, any Affiliate of the Issuer or any Guarantor that is a beneficial owner of all or part of a Global Note may have such Affiliate’s beneficial interest transferred to such Affiliate in
      the form of a Definitive Note by providing a written request to the Issuer and the Trustee and such Opinions of Counsel, certificates or other information as may be required by this Indenture or the Issuer or Trustee.

   

  
    9

    
        

  

   

  (b)           Any Global Note that is transferable to the
      beneficial owners thereof pursuant to this Section 2.3 shall be surrendered by the Depositary to the Trustee, to be so transferred, in whole or from time to time in part, without charge, and the Trustee shall authenticate and deliver, upon such
      transfer of each portion of such Global Note, an equal aggregate principal amount of Definitive Notes of authorized denominations. Any portion of a Global Note transferred pursuant to this Section 2.3 shall be executed, authenticated and delivered
      only in denominations of $2,000 and integral multiples of $1,000 in excess thereof and registered in such names as the Depositary shall direct. Any Definitive Note delivered in exchange for an interest in a Global Note that is a Transfer Restricted
      Note shall, except as otherwise provided by Section 2.2(e) of this Appendix A, bear the Restricted Notes Legend.

   

  (c)           The registered Holder of a Global Note may
      grant proxies and otherwise authorize any Person, including Agent Members and Persons that may hold interests through Agent Members, to take any action which a Holder is entitled to take under this Indenture or the Notes.

   

  (d)           In the event of the occurrence of any of
      the events specified in Section 2.3(a) of this Appendix A, the Issuer shall promptly make available to the Trustee a reasonable supply of Definitive Notes in fully registered form without interest coupons.

   

  
    10

    
        

  

  
   

  [FORM OF FACE OF NOTE]

   

  [Insert the Restricted Notes
      Legend, if applicable, pursuant to the provisions of the Indenture]

   

  [Insert the Global Notes Legend,
      if applicable, pursuant to the provisions of the Indenture]

   

  [Insert the Definitive Notes
      Legend, if applicable, pursuant to the provisions of the Indenture]

   

  [Insert the ERISA Legend, if
      applicable, pursuant to the provisions of the Indenture.]

   

  
    A-1

    
        

  

   

  [If Rule 144A Global Note – CUSIP: 365417 AA2; ISIN:
      US365417AA28]

  [If Regulation S Global Note – CUSIP: U3377H AA6; ISIN:
      USU3377HAA69]

   

  GLOBAL NOTE

      

    

   

  8.625% Senior Notes due 2030

   

  

  	No. [RA-1] [RS-1]	$[________]

   

  GARDEN SPINCO CORPORATION

   

  promises to pay to CEDE & CO. or registered assigns the principal sum
      [set forth on the Schedule of Exchanges of Interests in the Global Note attached hereto] [of $_______ (_______ Dollars)] on July 20, 2030.

   

  Interest Payment Dates: January 20 and July 20

   

  Record Dates: January 5 and July 5

   

  
    A-2

    
        

  

   

  IN WITNESS HEREOF, the Issuer has caused this instrument
      to be duly executed.

   

  Dated:

   

  	 	Garden SpinCo Corporation
	 	 
	 	By:	 
	 	 	Name: 
	 	 	Title:

   

  
    A-3

    
        

  

   

  CERTIFICATE OF AUTHENTICATION

   

  This is one of the Notes referred to in the within-mentioned Indenture:

   

  	 	U.S. Bank Trust Company, National Association, as

              Trustee
	 	 
	 	 
	 	By:	 
	 	 	Authorized Signatory
	 	 	 

  Dated:

   

  
    A-4

    
        

  

   

  [Reverse Side of Initial Note]

      

      8.625% Senior Notes due 2030

   

  Capitalized terms used herein shall have the meanings
      assigned to them in the Indenture referred to below unless otherwise indicated.

   

  1.             INTEREST. Garden SpinCo Corporation, a
      Delaware corporation (the “Issuer”), promises to pay interest on the principal amount of this Note at 8.625% per annum until but excluding maturity. The Issuer shall pay interest semi-annually in arrears on January 20 and July 20 of each year
      (each, an “Interest Payment Date”), or if any such day is not a Business Day, on the next succeeding Business Day. Interest on the Notes shall accrue from the most recent date to which interest has been paid or, if no interest has been paid,
      from and including the date of original issuance; provided that the first Interest Payment Date shall be [                   ]. The Issuer shall pay interest (including post-petition interest in any proceeding under any Bankruptcy
      Law) on overdue principal and premium, if any, from time to time on demand at the interest rate on the Notes to the extent lawful; it shall pay interest (including post-petition interest in any proceeding under any Bankruptcy Law) on overdue
      installments of interest (without regard to any applicable grace periods) from time to time on demand at the interest rate on the Notes to the extent lawful. Interest shall be computed on the basis of a 360-day year comprised of twelve 30-day months.

   

  2.             METHOD OF PAYMENT. The Issuer shall pay
      interest on the Notes to the Persons who are registered holders of Notes at the close of business on the January 5 or July 5 (whether or not a Business Day), as the case may be, immediately preceding the related Interest Payment Date, even if such
      Notes are canceled after such Record Date and on or before such Interest Payment Date, except as provided in Section 2.12 of the Indenture with respect to defaulted interest. Principal, premium, if any, and interest on the Notes shall be payable at
      the office or agency of the Issuer maintained for such purpose or, at the option of the Issuer, payment of interest and premium, if any, may be made by wire transfer or check mailed to the Holders at their respective addresses set forth in the Note
      Register. Such payment shall be in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts.

   

  3.             PAYING AGENT AND REGISTRAR. Initially,
      U.S. Bank Trust Company, National Association, the Trustee under the Indenture, shall act as Paying Agent and Registrar. The Issuer may change any Paying Agent or Registrar without notice to the Holders. The Company or any of its Restricted
      Subsidiaries may act in any such capacity.

   

  4.             INDENTURE. The Issuer issued the Notes
      under a Senior Notes Indenture, dated as of July 20, 2022 (the “Indenture”), among the Issuer, the Guarantors party thereto from time to time and the Trustee. This Note is one of a duly authorized issue of Notes of the Issuer designated as its
      8.625% Senior Notes due 2030. The Issuer shall be entitled to issue Additional Notes pursuant to Sections 2.14 and 4.09 of the Indenture. The Notes and any Additional Notes issued under the Indenture shall be treated as a single class of securities
      under the Indenture. The terms of the Notes include those stated in the Indenture. The Notes are subject to all such terms, and Holders are referred to the Indenture for a statement of such terms. To the extent any provision of this Note conflicts
      with the express provisions of the Indenture, the provisions of the Indenture shall govern and be controlling.

   

  
    A-5

    
        

  

   

  5.             REDEMPTION AND REPURCHASE.

   

  (a)           Special Mandatory Redemption

   

  If (a) the Merger is not consummated on or prior to 11:59
      p.m. (New York) on March 13, 2023; provided that if the Merger Agreement has been amended in accordance with its terms, then the date in this clause (a) shall be the “Outside Date” (as defined in the Merger Agreement as so amended), or (b)
      the Issuer and the Company notify the Trustee in writing that (i) the Merger Agreement has been terminated in accordance with its terms or (ii) the Merger will otherwise not be pursued (the earliest date of any such event described in the foregoing
      clauses (a) or (b) being the “Special Termination Date”), the Issuer will be required to redeem all of the Notes (the “Special Mandatory Redemption”) at a redemption price (the “Special Mandatory Redemption Price”) equal to 100%
      of the aggregate principal amount of the Notes, plus accrued and unpaid interest, if any, to, but excluding, the Special Mandatory Redemption Date (as defined below), subject to the right of Holders of record on the relevant record date to receive
      interest due on the relevant interest payment date.

   

  Notice of a Special Mandatory Redemption will be
      delivered electronically or, at the Issuer’s option, mailed by first-class mail by the Issuer no later than two Business Days following the applicable Special Termination Date, to the Trustee and the Holders, and will provide that the Notes shall be
      redeemed at the Special Mandatory Redemption Price on the third Business Day after such notice is given by the Issuer (such date, the “Special Mandatory Redemption Date”) in accordance with the terms of the Indenture or otherwise in accordance
      with the applicable procedures of DTC.

   

  If funds sufficient to pay the applicable Special
      Mandatory Redemption Price in respect of the Notes to be redeemed on the Special Mandatory Redemption Date are deposited with the Trustee on or before such Special Mandatory Redemption Date, then the Notes to be redeemed will cease to bear interest
      on and after the Special Mandatory Redemption Date. For the avoidance of doubt, the Issuer will not be required to effect any Special Mandatory Redemption following the time of the consummation of the Merger, and the foregoing provisions regarding
      the Special Mandatory Redemption will cease to apply.

   

  (b)           Optional Redemption

   

  The Notes may be subject to redemption at the option of
      the Issuer, as further described in the Indenture.

   

  (c)           The Notes may be the subject of an Offer to
      Purchase, as further described in the Indenture.

   

  (d)           Except as set forth in paragraph 5(a), the
      Issuer shall not be required to make mandatory redemption or sinking fund payments with respect to the Notes.

   

  6.             DENOMINATIONS, TRANSFER, EXCHANGE. The
      Notes are in registered form without coupons in denominations of $2,000 and integral multiples of $1,000 in excess thereof. The transfer of Notes may be registered and Notes may be exchanged as provided in the Indenture. The Registrar and the Trustee
      may require a Holder, among other things, to furnish appropriate endorsements and transfer documents, and Holders shall be required to pay a sum sufficient to cover any transfer tax or other governmental taxes and fees required by law or permitted by
      the Indenture. The Issuer need not exchange or register the transfer of any Note or portion of a Note selected for redemption or tendered for repurchase in connection with a Change of Control Offer or Asset Disposition Offer, except for the
      unredeemed portion of any Note being redeemed or repurchased in part.

   

  7.             PERSONS DEEMED OWNERS. The registered
      Holder of a Note shall be treated as its owner for all purposes.

   

  
    A-6

    
        

  

   

  8.             AMENDMENT, SUPPLEMENT AND WAIVER. The
      Indenture, the Notes, the 3M Guarantee and the Note Guarantees may be amended or supplemented as provided in the Indenture.

   

  9.             DEFAULTS AND REMEDIES. The Events of
      Default relating to the Notes are defined in Section 6.01 of the Indenture. Upon the occurrence of an Event of Default, the rights and obligations of the Issuer, the Guarantors, the Trustee and the Holders shall be as set forth in the applicable
      provisions of the Indenture.

   

  10            AUTHENTICATION. This Note shall not be
      entitled to any benefit under the Indenture or be valid or obligatory for any purpose until authenticated by the manual signature of the Trustee.

   

  11.           GOVERNING LAW. THIS NOTE WILL BE GOVERNED
      BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

   

  12.           CUSIP AND ISIN NUMBERS. Pursuant to a
      recommendation promulgated by the Committee on Uniform Security Identification Procedures, the Issuer has caused CUSIP and ISIN numbers to be printed on the Notes, and the Trustee may use CUSIP and ISIN numbers in notices of redemption as a
      convenience to Holders. No representation is made as to the accuracy of such numbers either as printed on the Notes or as contained in any notice of redemption and reliance may be placed only on the other identification numbers placed thereon.

   

  The Issuer shall furnish to any Holder upon written
      request and without charge a copy of the Indenture. Requests may be made to the Issuer at the following address:

   

  Garden SpinCo Corporation 

  c/o Neogen Corporation

      620 Lesher Place

      Lansing, Michigan 48912

      Attention: Amy Rocklin, Vice President and General Counsel 

  Email: ARocklin@neogen.com

   

  
    A-7

    
        

  

   

  

      ASSIGNMENT FORM

   

  To assign this Note, fill in the form below:

   

  (I) or (we) assign and transfer this Note to: 
                                                                                                                                                                                                                                  

      

  

  (Insert assignee’s legal name)

   

  

  
  
     

  

  
   (Insert assignee’s soc. sec. or tax I.D. no.)

   

  

  
  
     

  

  
   

  

  
  
     

  

  
   

  

  
  
     

  

  
   

  

  
  
     

  

  
   (Print or type assignee’s name, address and zip code)

   

  and irrevocably appoint 
                                                                                                                                                                                                                                                                
        

      

  to transfer this Note on the books of the Issuer. The agent may substitute
      another to act for him.

   

  Date: _____________________

   

  

  	 	Your Signature:	 
	 	 	(Sign exactly as your name appears on the face of this Note)

    

  Signature Guarantee*: __________________________________

   

  * Participant in a recognized Signature Guarantee Medallion Program (or
      other signature guarantor acceptable to the Trustee).

   

  
    A-8

    
        

  

   

  CERTIFICATE TO BE DELIVERED UPON EXCHANGE OR

      REGISTRATION OF TRANSFERS OF TRANSFER RESTRICTED NOTES

   

  This certificate relates to $_________ principal amount of Notes held in
      (check applicable space) ____ book-entry or _____ definitive form by the undersigned.

   

  The undersigned (check one box below):

   

  		☐	has requested the Trustee by written order to deliver in exchange for its beneficial interest in a Global Note held by
            the Depositary a Note or Notes in either definitive or global registered form of authorized denominations and an aggregate principal amount equal to its beneficial interest in such Global Note (or the portion thereof indicated above) in
            accordance with the Indenture; or

   

  		☐	has requested the Trustee by written order to exchange or register the transfer of a Note or Notes.

   

  In connection with any transfer of any of the Notes evidenced by this
      certificate, the undersigned confirms that such Notes are being transferred in accordance with its terms:

   

  CHECK ONE BOX BELOW

   

  		(1)	☐ 	to the Company or subsidiary thereof; or

   

  		(2)	☐ 	to the Registrar for registration in the name of the Holder, without transfer; or

   

  		(3)	☐ 	pursuant to an effective registration statement under the Securities Act of 1933, as amended (the “Securities Act”);

            or

   

  		(4)	☐ 	to a Person that the undersigned reasonably believes is a “qualified institutional buyer” (as defined in Rule 144A under
            the Securities Act (“Rule 144A”)) that purchases for its own account or for the account of a qualified institutional buyer and to whom notice is given that such transfer is being made in reliance on Rule 144A, in each case pursuant to
            and in compliance with Rule 144A; or

   

  		(5)	☐ 	pursuant to offers and sales to non-U.S. persons that occur outside the United States of America within the meaning of
            Regulation S under the Securities Act (and if the transfer is being made prior to the expiration of the Distribution Compliance Period, the Notes shall be held immediately thereafter through Euroclear or Clearstream); or

   

  		(6)	☐ 	to an institutional “accredited investor” (as defined in Rule 501(a)(1), (2), (3) or (7) under the Securities Act) that
            has furnished to the Trustee a signed letter containing certain representations and agreements; or

   

  		(7)	☐ 	pursuant to Rule 144 under the Securities Act; or

   

  		(8)	☐ 	pursuant to another available exemption from registration under the Securities Act.

   

  
    A-9

    
        

  

   

  Unless one of the boxes is checked, the Trustee will refuse to register
      any of the Notes evidenced by this certificate in the name of any Person other than the registered Holder thereof; provided, however, that if box (6), (7) or (8) is checked, the Company or the Trustee may require, prior to registering
      any such transfer of the Notes, such legal opinions, certifications and other information as the Company or the Trustee has reasonably requested to confirm that such transfer is being made pursuant to an exemption from, or in a transaction not
      subject to, the registration requirements of the Securities Act.

   

  	 	
	 	Your Signature
	 	 
	Date:                                             	
	 	Signature of Signature

            Guarantor

   

  TO BE COMPLETED BY PURCHASER IF (4) ABOVE IS CHECKED.

   

  The undersigned represents and warrants that it is
      purchasing this Note for its own account or an account with respect to which it exercises sole investment discretion and that it and any such account is a “qualified institutional buyer” within the meaning of Rule 144A, and is aware that the sale to
      it is being made in reliance on Rule 144A and acknowledges that it has received such information regarding the Issuer as the undersigned has requested pursuant to Rule 144A or has determined not to request such information and that it is aware that
      the transferor is relying upon the undersigned’s foregoing representations in order to claim the exemption from registration provided by Rule 144A.

   

  	Dated:                                               	 
	 	NOTICE:	To be executed by an executive officer
	 	Name:
	 	Title:

   

  Signature Guarantee*: __________________________________

   

  		*	Participant in a recognized Signature Guarantee Medallion Program (or other signature guarantor acceptable to the Trustee).

   

  
    A-10

    
        

  

   

  TO BE COMPLETED IF THE HOLDER REQUIRES AN EXCHANGE FROM
      A

    REGULATION S GLOBAL NOTE TO AN UNRESTRICTED GLOBAL NOTE,

    PURSUANT TO SECTION 2.2(d)(iii) OF APPENDIX A TO THE INDENTURE1

   

  The undersigned represents and warrants that either:

   

  		☐	the undersigned is not a dealer (as defined in the Securities Act) and is a non-U.S. person (within the meaning of
            Regulation S under the Securities Act); or

   

  		☐	the undersigned is not a dealer (as defined in the Securities Act) and is a U.S. person (within the meaning of
            Regulation S under the Securities Act) who purchased interests in the Notes pursuant to an exemption from, or in a transaction not subject to, the registration requirements under the Securities Act; or

   

  		☐	the undersigned is a dealer (as defined in the Securities Act) and the interest of the undersigned in this Note does not
            constitute the whole or a part of an unsold allotment to or subscription by such dealer for the Notes.

   

  	Dated:                                                	
	 	Your Signature

   

  

  
  
     

  

  
  

  		1	Include only for Regulation S Global Notes.

   

  
    A-11

    
        

  

   

  OPTION OF HOLDER TO ELECT PURCHASE

   

  If you want to elect to have this Note purchased by the
      Issuer pursuant to Section 4.15 or Section 4.16 of the Indenture, check the appropriate box below:

   

  [ ] Section 4.15       [ ] Section
      4.16

   

  If you want to elect to have only part of this Note
      purchased by the Issuer pursuant to Section 4.15 or Section 4.16 of the Indenture, state the amount you elect to have purchased:

   

  		$_______________	 	(integral multiples of $1,000,

            provided that the unpurchased

            portion must be in a minimum

            principal amount of $2,000)

   

  Date: _____________________

   

  

  	 	Your Signature:	 
	 	 	(Sign exactly as your name appears on the face of this Note)
	 	Tax Identification No.:	 
	 	 	 

    

  Signature Guarantee*: __________________________________

   

  * Participant in a recognized Signature Guarantee Medallion Program (or
      other signature guarantor acceptable to the Trustee).

   

  
    A-12

    
        

  

   

  SCHEDULE OF EXCHANGES OF INTERESTS IN THE GLOBAL NOTE*

   

  The initial outstanding principal amount of this Global
      Note is $__________. The following exchanges of a part of this Global Note for an interest in another Global Note or for a Definitive Note, or exchanges of a part of another Global Note or Definitive Note for an interest in this Global Note, have
      been made:

   

  	Date of Exchange	 	Amount of decrease

            in Principal Amount of this Global Note	 	Amount of increase

            in Principal

            Amount of this

            Global Note	 	Principal Amount of

            this Global Note

            following such

            decrease or increase	 	Signature of authorized signatory of Trustee, Depositary or Custodian
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 

   

  

  
  
     

  

  
  *This schedule should be included only if the Note is issued in global form.

  
    A-13

    
        

  

  
   

  EXHIBIT B

   

  FORM OF

      TRANSFEREE LETTER OF REPRESENTATION

   

  Garden SpinCo Corporation 

  c/o Neogen Corporation

      620 Lesher Place

      Lansing, Michigan 48912

      Attention: Amy Rocklin, Vice President and General Counsel 

  Email: ARocklin@neogen.com

   

  U.S. Bank Trust Company, National Association 

  333 Commerce Street, Suite 800 

  Nashville, Tennessee 37201 

  Attention: Global Corporate Trust – Garden SpinCo Corporation

   

  Ladies and Gentlemen:

   

  This certificate is delivered to request a transfer of
      $[_______] principal amount of the 8.625% Senior Notes due 2030 (the “Notes”) of Garden SpinCo Corporation (the “Issuer”).

   

  Upon transfer, the Notes would be registered in the
      name of the new beneficial owner as follows:

   

  Name:________________________

   

  Address:______________________

   

  Taxpayer ID Number:____________

   

  The undersigned represents and warrants to you that:

   

  1. We are an institutional “accredited investor” (as
      defined in Rule 501(a)(1), (2), (3) or (7) under the Securities Act of 1933, as amended (the “Securities Act”)), purchasing for our own account or for the account of such an institutional “accredited investor” at least $250,000 principal
      amount of the Notes, and we are acquiring the Notes, for investment purposes and not with a view to, or for offer or sale in connection with, any distribution in violation of the Securities Act. We have such knowledge and experience in financial and
      business matters as to be capable of evaluating the merits and risks of our investment in the Notes, and we invest in or purchase securities similar to the Notes in the normal course of our business. We, and any accounts for which we are acting, are
      each able to bear the economic risk of our or its investment.

   

  
    B-1

    
        

  

   

  2. We understand that the Notes have not been
      registered under the Securities Act and, unless so registered, may not be sold except as permitted in the following sentence. We agree on our own behalf and on behalf of any investor account for which we are purchasing Notes to offer, sell or
      otherwise transfer such Notes prior to the date that is six months after the later of the date of original issue and the last date on which the Issuer or any affiliate of the Issuer was the owner of such Notes (or any predecessor thereto) (the “Resale

        Restriction Termination Date”) only in accordance with the Restricted Notes Legend (as such term is defined in the indenture under which the Notes were issued) on the Notes and any applicable securities laws of any state of the United States of
      America. The foregoing restrictions on resale will not apply subsequent to the Resale Restriction Termination Date. If any resale or other transfer of the Notes is proposed to be made to another such institutional “accredited investor” above prior to
      the Resale Restriction Termination Date, the transferor shall deliver a letter from the transferee substantially in the form of this letter to the Company and the Trustee, which shall provide, among other things, that the transferee is an
      institutional “accredited investor” within the meaning of Rule 501(a)(1), (2), (3) or (7) under the Securities Act and that it is acquiring such Notes for investment purposes and not for distribution in violation of the Securities Act. Each purchaser
      acknowledges that the Issuer and the Trustee reserve the right prior to the offer, sale or other transfer prior to the Resale Restriction Termination Date of the Notes with respect to applicable transfers described in the Restricted Notes Legend to
      require the delivery of an opinion of counsel, certifications and/or other information satisfactory to the Issuer and the Trustee.

   

  

  	 	TRANSFEREE:	 	,
	 	 		 
	 	 	by:	 	 

   

  
    B-2

    
        

  

  
   

  EXHIBIT C

   

  FORM OF SUPPLEMENTAL INDENTURE

      TO BE DELIVERED BY SUBSEQUENT GUARANTORS

   

  Supplemental Indenture (this “Supplemental Indenture”),

      dated as of [__________] [__], 20[__], among __________________ (the “Guaranteeing Entity”), Garden SpinCo Corporation, Inc., a Delaware corporation (the “Issuer”) and U.S. Bank Trust Company, National Association, as trustee (the “Trustee”).

   

  W I T N E S E T H

   

  WHEREAS, [each of] the Issuer [and the Guarantors (as
      defined in this Indenture referred to below)] has heretofore executed and delivered to the Trustee an indenture (the “Indenture”), dated as of July 20, 2022, providing for the issuance of an unlimited aggregate principal amount of 8.625%
      Senior Notes due 2030 (the “Notes”);

   

  WHEREAS, the Indenture provides that under certain
      circumstances the Guaranteeing Entity shall execute and deliver to the Trustee a supplemental indenture pursuant to which the Guaranteeing Entity shall unconditionally Guarantee all of the Issuer’s Obligations under the Notes and the Indenture on the
      terms and conditions set forth herein and under the Indenture; and

   

  WHEREAS, the Issuer has provided to the Trustee such
      documents as are required to be provided to it under Article 9 of the Indenture, and pursuant to Section 9.01 of the Indenture, the Trustee and the Guaranteeing Entity are authorized to execute and deliver this Supplemental Indenture.

   

  NOW THEREFORE, in consideration of the foregoing and for
      other good and valuable consideration, the receipt of which is hereby acknowledged, the parties mutually covenant and agree for the equal and ratable benefit of the Holders as follows:

   

  1.             Capitalized Terms. Capitalized
      terms used herein without definition shall have the meanings assigned to them in the Indenture.

   

  2.             Guarantor. The Guaranteeing Entity
      hereby agrees to be a Guarantor under the Indenture and to be bound by the terms of the Indenture applicable to Guarantors, including Article 10 thereof.

   

  3.             Governing Law. THIS SUPPLEMENTAL
      INDENTURE WILL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

   

  4.             Waiver of Jury Trial. EACH OF THE
      ISSUER, THE GUARANTEEING ENTITY AND THE TRUSTEE HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS SUPPLEMENTAL INDENTURE, THE
      INDENTURE, THE NOTES, THE NOTE GUARANTEES OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY.

   

  5.             Counterparts. The parties may sign
      any number of copies of this Supplemental Indenture. Each signed copy shall be an original, but all of them together represent the same agreement. Counterparts may be delivered via facsimile, electronic mail (including any electronic signature
      covered by the U.S. federal ESIGN Act of 2000, Uniform Electronic Transactions Act, the Electronic Signatures and Records Act or other applicable law, e.g., www.docusign.com) or other transmission method and any counterpart so delivered shall be
      deemed to have been duly and validly delivered and be valid and effective for all purposes. The exchange of copies of this Supplemental Indenture and of signature pages by facsimile, portable document format (“PDF”), or other electronic
      transmission shall constitute effective execution and delivery of this Supplemental Indenture as to the parties hereto and may be used in lieu of the original Supplemental Indenture for all purposes. Signatures of the parties hereto transmitted by
      facsimile or PDF shall be deemed to be their original signatures for all purposes and 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, and the parties hereto consent to conduct the transactions contemplated hereunder by such means.

   

  
    C-1

    
        

  

   

  6.             Headings. The headings of the
      Sections of this Supplemental Indenture have been inserted for convenience of reference only, are not to be considered a part of this Supplemental Indenture and shall in no way modify or restrict any of the terms or provisions hereof.

   

  7.             The Trustee. The Trustee shall not
      be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Supplemental Indenture, the Note Guarantee of the Guaranteeing Entity or for or in respect of the recitals contained herein, all of which recitals are
      made solely by the Issuer and the Guaranteeing Entity.

    

   

  
    C-2

    
        

  

   

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

   

  	 	Garden SpinCo Corporation
	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

   

  	 	[NAME OF GUARANTEEING ENTITY]
	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

   

  	 	U.S. Bank Trust Company, National Association,
              as Trustee
	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

   

  
    C-3

    
        

  

   

  EXHIBIT D

   

  FORM OF 3M GUARANTEE AGREEMENT 

  [Attached.]

   

  D-1

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