Document:

EX-10.20

  Exhibit 10.20 

  Employment Agreement

  This Employment Agreement (the "Agreement") is made and entered into as of February 16, 2022, by and between James Hassard (the "Executive") and Crinetics Pharmaceuticals, Inc, a Delaware corporation (the "Company").

  WHEREAS, the Company desires to employ the Executive on the terms and conditions set forth herein; and

  WHEREAS, the Executive desires to be employed by the Company on such terms and conditions.

  NOW, THEREFORE, in consideration of the mutual covenants, promises, and obligations set forth herein, the parties agree as follows:

  1.Term. The Executive's employment hereunder shall be effective as of February 28, 2022 (the "Effective Date"). The period during which the Executive is employed by the Company hereunder is hereinafter referred to as the "Employment Term."

  2.Position and Duties.

  a.Position. During the Employment Term, the Executive shall serve as the Chief Commercial Officer of the Company, reporting to Chief Executive Officer. In such position, the Executive shall have such duties, authority, and responsibilities as shall be determined from time to time by Chief Executive Officer, which duties, authority, and responsibilities are consistent with the Executive's position. The Executive shall, if requested, also serve as a member of the board of directors of the Company (the "Board") or as an officer or director of any affiliate of the Company for no additional compensation.

  b.Duties. During the Employment Term, the Executive shall devote substantially all of Executive's business time and attention to the performance of the Executive's duties hereunder and will not engage in any other business, profession, or occupation for compensation or otherwise which would conflict or interfere with the performance of such services either directly or indirectly without the prior written consent of the Board. Notwithstanding the foregoing, the Executive will be permitted to (a) with the prior written consent of the Board (which consent can be withheld by the Board in its discretion) act or serve as a director, trustee, committee member, or principal of any type of business, civic, or charitable organization as long as such activities are disclosed in writing to the Company's CEO in accordance with the Company's Code of Conduct and Ethics, and (b) purchase or own less than five percent (5%) of the publicly traded securities of any corporation; provided that, such ownership represents a passive investment and that the Executive is not a controlling person of, or a member of a group that controls, such corporation; provided further that, the activities described in clauses (a) and (b) do not interfere with the performance of the Executive's duties and responsibilities to the Company as provided hereunder, including, but not limited to, the obligations set forth in Section 2 hereof.

  	1	

  

  3.Place of Performance. The principal place of Executive's employment shall be the Company's principal executive office currently located in San Diego, CA; provided that, the Executive may be required to travel on Company business during the Employment Term.

  4.Compensation.

  a.Base Salary. The Company shall pay the Executive an annual base salary of $425,000 in periodic installments in accordance with the Company's customary payroll practices and applicable wage payment laws, but no less frequently than monthly. The Executive's base salary shall be reviewed at least annually by the Board and the Board may, but shall not be required to, increase the base salary during the Employment Term. However, the Executive's base salary may not be decreased during the Employment Term other than as part of an across-the-board salary reduction that applies in the same manner to all senior executives. The Executive's annual base salary, as in effect from time to time, is hereinafter referred to as "Base Salary".

  b.Annual Bonus. 

  i.For each complete calendar year of the Employment Term, the Executive shall be eligible to receive an annual bonus (the "Annual Bonus"). As of the Effective Date, the Executive's annual target bonus opportunity shall be equal to 40% of Base Salary (the "Target Bonus"), based on the achievement of Company performance goals established by the Board; provided that, depending on results, the Executive's actual bonus may be higher or lower than the Target Bonus, as determined by the Board. 

  ii.The Annual Bonus, if any, will be paid within two and a half (2 1/2) months after the end of the applicable calendar year.

  iii.Except as otherwise provided in Section 5, (i) the Annual Bonus will be subject to the terms of the Company annual bonus plan under which it is granted and (ii) in order to be eligible to receive an Annual Bonus, the Executive must be employed by the Company on the date that Annual Bonuses are paid.

  c.Equity Awards. In consideration of the Executive entering into this Agreement and as an inducement to join the Company, on the Effective Date, the Company will grant the following equity awards to the Executive pursuant to the Company's 2018 Incentive Award Plan: a new hire stock option ("Stock Option") of 160,000 shares subject to approval by the Crinetics Board of Directors or its designee, which shall vest as follows: one-fourth (1/4th) of the shares subject to the option shall vest on the first anniversary of the Effective Date, and the remaining shares subject to the option shall vest in thirty-six (36) equal monthly installments over the three-year period thereafter, subject to Executive’s continued employment or service with the Company on each such date. All other terms and conditions of such awards shall be governed by the terms and conditions of the Company's 2018 Incentive Award Plan and the applicable award agreements.

  	2	

  

  d.Fringe Benefits and Perquisites. During the Employment Term, the Executive shall be entitled to fringe benefits and perquisites consistent with the practices of the Company and governing benefit plan requirements (including plan eligibility provisions), and to the extent the Company provides similar benefits or perquisites (or both) to similarly situated executives of the Company.

  e.Employee Benefits. During the Employment Term, the Executive shall be entitled to participate in all employee benefit plans, practices, and programs maintained by the Company, as in effect from time to time (collectively, "Employee Benefit Plans"), on a basis which is no less favorable than is provided to other similarly situated executives of the Company, to the extent consistent with applicable law and the terms of the applicable Employee Benefit Plans. The Company reserves the right to amend or terminate any Employee Benefit Plans at any time in its sole discretion, subject to the terms of such Employee Benefit Plan and applicable law.

  f.Vacation; Paid Time Off. During the Employment Term, the Executive shall be entitled to 20 of paid vacation days per calendar year (prorated for partial years) in accordance with the Company's vacation policies, as in effect from time to time. The Executive shall receive other paid time off in accordance with the Company's policies for executive officers as such policies may exist from time to time.

  g.Business Expenses. The Executive shall be entitled to reimbursement for all reasonable and necessary out-of-pocket business, entertainment, and travel expenses incurred by the Executive in connection with the performance of the Executive's duties hereunder in accordance with the Company's expense reimbursement policies and procedures.

  h.Indemnification.  

  i.In the event that the Executive is made a party or threatened to be made a party to any action, suit, or proceeding, whether civil, criminal, administrative, or investigative (a "Proceeding"), other than any Proceeding initiated by the Executive or the Company related to any contest or dispute between the Executive and the Company or any of its affiliates with respect to this Agreement or the Executive's employment hereunder, by reason of the fact that the Executive is or was a director or officer of the Company, or any affiliate of the Company, or is or was serving at the request of the Company as a director, officer, member, employee, or agent of another corporation or a partnership, joint venture, trust, or other enterprise, the Executive shall be indemnified and held harmless by the Company to the fullest extent applicable to any other officer or director of the Company from and against any liabilities, costs, claims, and expenses, including all costs and expenses incurred in defense of any Proceeding (including attorneys' fees). Costs and expenses incurred by the Executive in defense of such Proceeding (including attorneys' fees) shall be paid by the Company in advance of the final disposition of such litigation upon receipt by the Company of: (i) a written request for payment; (ii) appropriate documentation evidencing the incurrence, amount, and nature of the costs and expenses for which payment is being sought; and (iii) an undertaking adequate under applicable law made 

  	3	

  

  by or on behalf of the Executive to repay the amounts so paid if it shall ultimately be determined that the Executive is not entitled to be indemnified by the Company under this Agreement.

  ii.During the Employment Term and for a period of six (6) years thereafter, the Company or any successor to the Company shall purchase and maintain, at its own expense, directors' and officers' liability insurance providing coverage to the Executive on terms that are no less favorable than the coverage provided to other directors and similarly situated executives of the Company or any successor.

  5.Termination of Employment. The Employment Term and the Executive's employment hereunder may be terminated by either the Company or the Executive at any time and for any reason; provided that, unless otherwise provided herein, either party shall be required to give the other party at least thirty days advance written notice of any termination of the Executive's employment. On termination of the Executive's employment during the Employment Term, the Executive shall be entitled to the compensation and benefits described in this Section 5 and shall have no further rights to any compensation or any other benefits from the Company or any of its affiliates.

  a.For Cause or Without Good Reason.

  i.The Executive's employment hereunder may be terminated by the Company for Cause or by the Executive without Good Reason. If the Executive's employment is terminated by the Company for Cause or by the Executive without Good Reason, the Executive shall be entitled to receive:

  1.any accrued but unpaid Base Salary and accrued but unused vacation which shall be paid on the pay date immediately following the Termination Date (as defined below) in accordance with the Company's customary payroll procedures; 

  2.reimbursement for unreimbursed business expenses properly incurred by the Executive, which shall be subject to and paid in accordance with the Company's expense reimbursement policy; and

  3.such employee benefits (including equity compensation), if any, to which the Executive may be entitled under the Company's employee benefit plans as of the Termination Date; provided that, in no event shall the Executive be entitled to any payments in the nature of severance or termination payments except as specifically provided herein.

  Items 5.1(a)(i) through 5.1(a)(iii) are referred to herein collectively as the "Accrued Amounts".

  ii.For purposes of this Agreement, "Cause" shall mean:

  1.the Executive's failure to perform Executive's duties (other than any such failure resulting from incapacity due to physical or mental illness);

  	4	

  

  2.the Executive's failure to comply with any valid and legal directive of the Chief Executive Officer;

  3.the Executive's willful engagement in dishonesty, illegal conduct, or gross misconduct, which is, in each case, injurious to the Company or its affiliates;

  4.the Executive's embezzlement, misappropriation, or fraud, whether or not related to the Executive's employment with the Company;

  5.the Executive's conviction of or plea of guilty or nolo contendere to a crime that constitutes a felony (or state law equivalent) or a crime that constitutes a misdemeanor involving moral turpitude, if such felony or other crime is work-related, materially impairs the Executive's ability to perform services for the Company, or results in reputational or financial harm to the Company or its affiliates;

  6.the Executive's material violation of the Company's written policies or codes of conduct, including written policies related to discrimination, harassment, performance of illegal or unethical activities, and ethical misconduct;

  7.the Executive's willful unauthorized disclosure of Confidential Information (as defined below); or

  8.the Executive's material breach of any material obligation under this Agreement or any other written agreement between the Executive and the Company.

  For purposes of this provision, no act or failure to act on the part of the Executive shall be considered "willful" unless it is done, or omitted to be done, by the Executive in bad faith or without reasonable belief that the Executive's action or omission was in the best interests of the Company. Any act, or failure to act, based on authority given pursuant to a resolution duly adopted by the Board or on the advice of counsel for the Company shall be conclusively presumed to be done, or omitted to be done, by the Executive in good faith and in the best interests of the Company.

  The Company may place the Executive on paid leave for up to 60 days while it is determining whether there is a basis to terminate the Executive's employment for Cause. Any such action by the Company will not constitute Good Reason.

  iii.For purposes of this Agreement, "Good Reason" shall mean the occurrence of any of the following, in each case during the Employment Term without the Executive's written consent:

  	5	

  

  1.a material reduction in the Executive's Base Salary other than a general reduction in Base Salary that affects all similarly situated executives in substantially the same proportions;

  2.a relocation of the Executive's principal place of employment by more than 100 miles;

  3.any material breach by the Company of any material provision of this Agreement;

  4.the Company's failure to obtain an agreement from any successor to the Company to assume and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform if no succession had taken place, except where such assumption occurs by operation of law;

  5.a material, adverse change in the Executive's authority, duties, or responsibilities (other than temporarily while the Executive is physically or mentally incapacitated or as required by applicable law) taking into account the Company's size, status as a public company, and capitalization as of the date of this Agreement; or

  6.a material adverse change in the reporting structure applicable to the Executive.

  The Executive cannot terminate employment for Good Reason unless the Executive has provided written notice to the Company of the existence of the circumstances providing grounds for termination for Good Reason within 30 days of the initial existence of such grounds and the Company has had at least 60 days from the date on which such notice is provided to cure such circumstances. If the Executive does not terminate employment for Good Reason within 30 days after the first occurrence of the applicable grounds, then the Executive will be deemed to have waived the right to terminate for Good Reason with respect to such grounds.

  b.Without Cause or for Good Reason. The Employment Term and the Executive's employment hereunder may be terminated by the Executive for Good Reason or by the Company without Cause. In the event of such termination, the Executive shall be entitled to receive the Accrued Amounts and subject to the Executive's compliance with Section 6, Section 7, Section 8, and Section 9 of this Agreement and the Executive's execution of a release of claims in favor of the Company, its affiliates and their respective officers and directors in a form substantially similar to the release attached as Exhibit A (the "Release") and such Release becoming effective within 55 days following the Termination Date (such 55-day period, the "Release Execution Period"), the Executive shall be entitled to receive the following:

  i.a lump sum payment equal to nine (9) months of the Executive's Base Salary for the year in which the Termination Date occurs, which shall be paid within 60 days following the Termination Date; provided that, if the Release Execution Period begins 

  	6	

  

  in one taxable year and ends in another taxable year, payment shall not be made until the beginning of the second taxable year;

  ii.a payment equal to the product of (i) the Target Bonus and (ii) a fraction, the numerator of which is the number of days the Executive was employed by the Company during the year of termination and the denominator of which is the number of days in such year (the "Pro-Rata Bonus"). This amount shall be paid on the date that annual bonuses are paid to similarly situated executives, but in no event later than two-and-a-half (2 1/2) months following the end of the calendar year in which the Termination Date occurs;

  iii.If the Executive timely and properly elects health continuation coverage under the Consolidated Omnibus Budget Reconciliation Act of 1985 ("COBRA"), the Company shall reimburse the Executive for the monthly COBRA premium paid by the Executive for the Executive and the Executive's dependents. Such reimbursement shall be paid to the Executive on the first of the month immediately following the month in which the Executive timely remits the premium payment. The Executive shall be eligible to receive such reimbursement until the earliest of: (i) the nine-month anniversary of the Termination Date; (ii) the date the Executive is no longer eligible to receive COBRA continuation coverage; and (iii) the date on which the Executive receives substantially similar coverage from another employer or other source. Notwithstanding the foregoing, if the Company's making payments under this Section 5.2(c) would violate the nondiscrimination rules applicable to non-grandfathered plans under the Affordable Care Act (the "ACA"), or result in the imposition of penalties under the ACA and the related regulations and guidance promulgated thereunder), the parties agree to reform this Section 5.2(c) in a manner as is necessary to comply with the ACA.

  iv.The treatment of any outstanding equity awards shall be determined in accordance with the terms of the Company's 2018 Incentive Award Plan and the applicable award agreements.

  c.Death or Disability.  

  i.The Executive's employment hereunder shall terminate automatically on the Executive's death during the Employment Term, and the Company may terminate the Executive's employment on account of the Executive's Disability. 

  ii.If the Executive's employment is terminated during the Employment Term on account of the Executive's death or Disability, the Executive (or the Executive's estate and/or beneficiaries, as the case may be) shall be entitled to receive the following:

  1.the Accrued Amounts; and

  2.a lump sum payment equal to the Pro-Rata Bonus, if any, that the Executive would have earned for the calendar year in which the Termination Date occurs based on the achievement of applicable performance goals for 

  	7	

  

  such year, which shall be payable on the date that annual bonuses are paid to the Company's similarly situated executives, but in no event later than two-and-a-half (2 1/2) months following the end of the calendar year in which the Termination Date occurs. 

  3.Notwithstanding any other provision contained herein, all payments made in connection with the Executive's Disability shall be provided in a manner which is consistent with federal and state law.

  iii.For purposes of this Agreement, "Disability" shall mean a condition that entitles the Executive to receive long-term disability benefits under the Company's long-term disability plan, or if there is no such plan, the Executive's inability, due to physical or mental incapacity, to perform the essential functions of the Executive's job, with or without reasonable accommodation, for one hundred eighty (180) days out of any three hundred sixty-five (365) day period; provided, however, in the event that the Company temporarily replaces the Executive, or transfers the Executive's duties or responsibilities to another individual on account of the Executive's inability to perform such duties due to a mental or physical incapacity which is, or is reasonably expected to become, a Disability, then the Executive's employment shall not be deemed terminated by the Company. Any question as to the existence of the Executive's Disability as to which the Executive and the Company cannot agree shall be determined in writing by a qualified independent physician mutually acceptable to the Executive and the Company. If the Executive and the Company cannot agree as to a qualified independent physician, each shall appoint such a physician and those two physicians shall select a third who shall make such determination in writing. The determination of Disability made in writing to the Company and the Executive shall be final and conclusive for all purposes of this Agreement.

  d.Change in Control Termination.  

  i.Notwithstanding any other provision contained herein, if the Executive's employment hereunder is terminated by the Executive for Good Reason or by the Company without Cause (other than on account of the Executive's death or Disability), in each case within twelve (12) months following a Change in Control, the Executive shall be entitled to receive the Accrued Amounts and subject to the Executive's compliance with Section 6, Section 7, Section 8 and Section 9 of this Agreement and the Executive's execution of a Release which becomes effective within 55 days following the Termination Date, the Executive shall be entitled to receive the following: 

  1.a lump sum payment equal to 12 months of the sum of the Executive's Base Salary and Target Bonus for the year in which the Termination Date occurs (or if greater, the year immediately preceding the year in which the Change in Control occurs), which shall be paid within 60 days following the Termination Date; provided that, if the Release Execution Period begins in one taxable year and ends in another taxable year, payment shall not be made until the beginning of the second taxable year; and

  	8	

  

  2.a lump sum payment equal to the Executive's Target Bonus for the calendar year in which the Termination Date (as determined in accordance with Section 5.6) occurs (or if greater, the year in which the Change in Control occurs), which shall be paid within 60 days following the Termination Date; provided that, if the Release Execution Period begins in one taxable year and ends in another taxable year, payment shall not be made until the beginning of the second taxable year.

  ii.If the Executive timely and properly elects health plan continuation coverage under COBRA, the Company shall reimburse the Executive for the monthly COBRA premium paid by the Executive for the Executive and the Executive's dependents. Such reimbursement shall be paid to the Executive on the first of the month immediately following the month in which the Executive timely remits the premium payment. The Executive shall be eligible to receive such reimbursement until the earliest of: (i) the twelve-month anniversary of the Termination Date; (ii) the date the Executive is no longer eligible to receive COBRA continuation coverage; and (iii) the date on which the Executive receives substantially similar coverage from another employer or other source. [ Notwithstanding the foregoing, if the Company's payments under this Section 5.4(b) would violate the nondiscrimination rules applicable to non-grandfathered, insured group plans under the ACA, or result in the imposition of penalties under the ACA, the parties agree to reform this Section 5.4(b) in a manner as is necessary to comply with the ACA.]

  iii.Notwithstanding the terms of any equity incentive plan or award agreements, as applicable:

  1.all outstanding unvested stock options granted to the Executive during the Employment Term shall become fully vested and exercisable for the remainder of their full term;

  2.all outstanding equity-based compensation awards, that do not vest based on the attainment of performance goals shall become fully vested and the restrictions thereon shall lapse; provided that, any delays in the settlement or payment of such awards that are set forth in the applicable award agreement and that are required under Section 409A shall remain in effect; and

  3.all outstanding equity-based compensation awards, that vest based on the attainment of performance goals shall remain outstanding and shall vest or be forfeited in accordance with the terms of the applicable award agreements, if the applicable performance goals are satisfied.

  iv.For purposes of this Agreement, "Change in Control" shall mean the occurrence of any of the following after the Effective Date:

  1.one person (or more than one person acting as a group) acquires ownership of stock of the Company that, together with the stock held by such person or group, constitutes more than 50% of the total fair market value or 

  	9	

  

  total voting power of the stock of such corporation; provided that, a Change in Control shall not occur if any person (or more than one person acting as a group) owns more than 50% of the total fair market value or total voting power of the Company's stock and acquires additional stock;

  2.one person (or more than one person acting as a group) acquires (or has acquired during the twelve-month period ending on the date of the most recent acquisition) ownership of the Company's stock possessing 50% or more of the total voting power of the Company's stock;

  3.a majority of the members of the Board are replaced during any twelve-month period by directors whose appointment or election is not endorsed by a majority of the Board before the date of appointment or election; or

  4.the sale of all or substantially all of the Company's assets.

  Notwithstanding the foregoing, a Change in Control shall not occur unless such transaction constitutes a change in the ownership of the Company, a change in effective control of the Company, or a change in the ownership of a substantial portion of the Company's assets under Section 409A.

  e.Notice of Termination. Any termination of the Executive's employment hereunder by the Company or by the Executive during the Employment Term (other than termination pursuant to Section 5.3(a) on account of the Executive's death) shall be communicated by written notice of termination ("Notice of Termination") to the other party hereto in accordance with Section 26. The Notice of Termination shall specify: 

  i.The termination provision of this Agreement relied upon; 

  ii.To the extent applicable, the facts and circumstances claimed to provide a basis for termination of the Executive's employment under the provision so indicated; and

  iii.The applicable Termination Date.

  f.Termination Date. The Executive's "Termination Date" shall be: 

  i.If the Executive's employment hereunder terminates on account of the Executive's death, the date of the Executive's death; 

  ii.If the Executive's employment hereunder is terminated on account of the Executive's Disability, the date that it is determined that the Executive has a Disability;

  iii.If the Company terminates the Executive's employment hereunder for Cause, the date the Notice of Termination is delivered to the Executive;

  	10	

  

  iv.If the Company terminates the Executive's employment hereunder without Cause, the date specified in the Notice of Termination, which shall be no less than 5 days following the date on which the Notice of Termination is delivered; provided that, the Company shall have the option to provide the Executive with a lump sum payment equal to 5 days' Base Salary in lieu of such notice, which shall be paid in a lump sum on the Executive's Termination Date and for all purposes of this Agreement, the Executive's Termination Date shall be the date on which such Notice of Termination is delivered;

  v.If the Executive terminates his employment hereunder with or without Good Reason, the date specified in the Executive's Notice of Termination, which shall be no less than 5 days following the date on which the Notice of Termination is delivered; provided that, the Company may waive all or any part of the 5 day notice period for no consideration by giving written notice to the Executive and for all purposes of this Agreement, the Executive's Termination Date shall be the date determined by the Company; and

  vi.If the Executive's employment hereunder terminates because either party provides notice of non-renewal pursuant to Section 1, the Renewal Date immediately following the date on which the applicable party delivers notice of non-renewal. 

  Notwithstanding anything contained herein, the Termination Date shall not occur until the date on which the Executive incurs a "separation from service" within the meaning of Section 409A.

  g.Resignation of All Other Positions. On termination of the Executive's employment hereunder for any reason, the Executive shall be deemed to have resigned from all positions that the Executive holds as an officer or member of the Board (or a committee thereof) of the Company or any of its affiliates.

  6.Cooperation. The parties agree that certain matters in which the Executive will be involved during the Employment Term may necessitate the Executive's cooperation in the future. Accordingly, following the termination of the Executive's employment for any reason, to the extent reasonably requested by the Board, the Executive shall cooperate with the Company in connection with matters arising out of the Executive's service to the Company; provided that, the Company shall make reasonable efforts to minimize disruption of the Executive's other activities. The Company shall reimburse the Executive for reasonable expenses incurred in connection with such cooperation. 

  7.Confidential Information. The Executive understands and acknowledges that during the Employment Term, the Executive will have access to and learn about Confidential Information, as defined below.

  a.Confidential Information Defined.  

  i.Definition.

  	11	

  

  For purposes of this Agreement, "Confidential Information" includes, but is not limited to, all information not generally known to the public, in spoken, printed, electronic, or any other form or medium, of the Company or its businesses, or of any other person or entity that has entrusted information to the Company in confidence. 

  The Executive understands that the above list is not exhaustive, and that Confidential Information also includes other information that is marked or otherwise identified as confidential or proprietary, or that would otherwise appear to a reasonable person to be confidential or proprietary in the context and circumstances in which the information is known or used. 

  The Executive understands and agrees that Confidential Information includes information developed by Executive in the course of employment by the Company as if the Company furnished the same Confidential Information to the Executive in the first instance. Confidential Information shall not include information that is generally available to and known by the public at the time of disclosure to the Executive; provided that, such disclosure is through no direct or indirect fault of the Executive or person(s) acting on the Executive's behalf.

  ii.Company Creation and Use of Confidential Information.

  The Executive understands and acknowledges that the Company has invested, and continues to invest, substantial time, money, and specialized knowledge into developing its resources, creating a customer base, generating customer and potential customer lists, training its employees, and improving its offerings in the field of Pharmaceutical. The Executive understands and acknowledges that as a result of these efforts, the Company has created, and continues to use and create Confidential Information. This Confidential Information provides the Company with a competitive advantage over others in the marketplace. 

  iii.Disclosure and Use Restrictions.

  The Executive agrees and covenants: (i) to treat all Confidential Information as strictly confidential; (ii) not to directly or indirectly disclose, publish, communicate, or make available Confidential Information, or allow it to be disclosed, published, communicated, or made available, in whole or part, to any entity or person whatsoever (including other employees of the Company) not having a need to know and authority to know and use the Confidential Information in connection with the business of the Company and, in any event, not to anyone outside of the direct employ of the Company except as required in the performance of the Executive's authorized employment duties to the Company or with the prior consent of CEO acting on behalf of the Company in each instance (and then, such disclosure shall be made only within the limits and to the extent of such duties or consent); and (iii) not to access or use any Confidential Information, and not to copy any documents, records, files, media, or other resources containing any Confidential Information, or remove any such documents, records, files, media, or other resources from the premises or control of the 

  	12	

  

  Company, except as required in the performance of the Executive's authorized employment duties to the Company or with the prior consent of CEO acting on behalf of the Company in each instance (and then, such disclosure shall be made only within the limits and to the extent of such duties or consent).

  iv.Permitted disclosures. Nothing herein shall be construed to prevent disclosure of Confidential Information as may be required by applicable law or regulation, or pursuant to the valid order of a court of competent jurisdiction or an authorized government agency, provided that the disclosure does not exceed the extent of disclosure required by such law, regulation, or order. The Executive shall promptly provide written notice of any such order to CEO.

  v.Permitted Communications. Nothing herein prohibits or restricts the Executive (or the Executive's attorney) from initiating communications directly with, responding to an inquiry from, or providing testimony before the Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA), any other self-regulatory organization, or any other federal or state regulatory authority [regarding a possible securities law violation].

  vi.Notice of Immunity Under the Economic Espionage Act of 1996, as amended by the Defend Trade Secrets Act of 2016 ("DTSA"). Notwithstanding any other provision of this Agreement:

  1.The Executive will not be held criminally or civilly liable under any federal or state trade secret law for any disclosure of a trade secret that:

  a. is made (1) in confidence to a federal, state, or local government official, either directly or indirectly, or to an attorney; and (2) solely for the purpose of reporting or investigating a suspected violation of law; or 

  b.is made in a complaint or other document filed under seal in a lawsuit or other proceeding.

  2.If the Executive files a lawsuit for retaliation by the Company for reporting a suspected violation of law, the Executive may disclose the Company's trade secrets to the Executive's attorney and use the trade secret information in the court proceeding if the Executive:

  a. files any document containing trade secrets under seal; and

  b.does not disclose trade secrets, except pursuant to court order.

  The Executive understands and acknowledges that his obligations under this Agreement with regard to any particular Confidential Information shall commence immediately upon the Executive first having access to such Confidential Information (whether before or after he begins employment by the Company) and 

  	13	

  

  shall continue during and after his employment by the Company until such time as such Confidential Information has become public knowledge other than as a result of the Executive's breach of this Agreement or breach by those acting in concert with the Executive or on the Executive's behalf.

  8.Restrictive Covenants.

  a.Acknowledgement. The Executive understands that the nature of the Executive's position gives the Executive access to and knowledge of Confidential Information and places the Executive in a position of trust and confidence with the Company. The Executive understands and acknowledges that the intellectual or artistic services the Executive provides to the Company are unique, special, or extraordinary.

  The Executive further understands and acknowledges that the Company 's ability to reserve these for the exclusive knowledge and use of the Company is of great competitive importance and commercial value to the Company, and that improper use or disclosure by the Executive is likely to result in unfair or unlawful competitive activity.

  b.Non-Competition. Because of the Company 's legitimate business interest as described herein and the good and valuable consideration offered to the Executive, during the Employment Term and for the following two years, to run consecutively, beginning on the last day of the Executive's employment with the Company, the Executive agrees and covenants not to engage in Prohibited Activity within the in any county, city or part thereof in the United States and/or any foreign country in a business which competes directly or indirectly (as determined by the CEO) with the Company’s business in such county, city or part thereof.

  For purposes of this Section 8, "Prohibited Activity" is activity in which the Executive contributes the Executive's knowledge, directly or indirectly, in whole or in part, as an employee, employer, owner, operator, manager, advisor, consultant, agent, employee, partner, director, stockholder, officer, volunteer, intern, or any other similar capacity to an entity engaged in the same or similar business as the Company, including those engaged in the business of Pharmaceutical. Prohibited Activity also includes activity that may require or inevitably requires disclosure of trade secrets, proprietary information or Confidential Information.

  Nothing herein shall prohibit the Executive from purchasing or owning less than five percent (5%) of the publicly traded securities of any corporation, provided that such ownership represents a passive investment and that the Executive is not a controlling person of, or a member of a group that controls, such corporation.

  This Section 8 does not, in any way, restrict or impede the Executive from exercising protected rights to the extent that such rights cannot be waived by agreement or from complying with any applicable law or regulation or a valid order of a court of competent jurisdiction or an authorized government agency, provided that such compliance does not exceed that required by the law, regulation, or order. The Executive shall promptly provide written notice of any such order to CEO.

  	14	

  

  c.Non-Solicitation of Employees. The Executive agrees and covenants not to directly or indirectly solicit, hire, recruit, attempt to hire or recruit, or induce the termination of employment of any employee of the Company, or attempt to do so, for 12 months, to run consecutively, beginning on the last day of the Executive's employment with the Company.

  9.Non-Disparagement. The Executive agrees and covenants that the Executive will not at any time make, publish or communicate to any person or entity or in any public forum any defamatory or disparaging remarks, comments, or statements concerning the Company or its businesses, or any of its employees, officers. 

  This Section 9 does not, in any way, restrict or impede the Executive from exercising protected rights to the extent that such rights cannot be waived by agreement or from complying with any applicable law or regulation or a valid order of a court of competent jurisdiction or an authorized government agency, provided that such compliance does not exceed that required by the law, regulation, or order. The Executive shall promptly provide written notice of any such order to CEO.

  The Company agrees and covenants that it shall direct its officers and directors to refrain from making any defamatory or disparaging remarks, comments, or statements concerning the Executive to any third parties.

  10.Acknowledgement. The Executive acknowledges and agrees that the services to be rendered by the Executive to the Company are of a special and unique character; that the Executive will obtain knowledge and skill relevant to the Company's industry, methods of doing business and marketing strategies by virtue of the Executive's employment; and that the restrictive covenants and other terms and conditions of this Agreement are reasonable and reasonably necessary to protect the legitimate business interest of the Company. 

  The Executive further acknowledges that the benefits provided to the Executive under this Agreement, including the amount of the Executive's compensation reflects, in part, the Executive's obligations and the Company's rights under Section 7, Section 8, and Section 9 of this Agreement; that the Executive has no expectation of any additional compensation, royalties or other payment of any kind not otherwise referenced herein in connection herewith; and that the Executive will not suffer undue hardship by reason of full compliance with the terms and conditions of Section 7, Section 8, and Section 9 of this Agreement or the Company's enforcement thereof.

  11.Remedies. In the event of a breach or threatened breach by the Executive of Section 7, Section 8, or Section 9 of this Agreement, the Executive hereby consents and agrees that the Company shall be entitled to seek, in addition to other available remedies, a temporary or permanent injunction or other equitable relief against such breach or threatened breach from any court of competent jurisdiction, and that money damages would not afford an adequate remedy, without the necessity of showing any actual damages. The aforementioned equitable relief shall be in addition to, not in lieu of, legal remedies, monetary damages, or other available forms of relief.

  	15	

  

  12.Arbitration. Any dispute, controversy, or claim arising out of or related to this Agreement or any breach of this Agreement or the Executive's employment, whether the claim arises in contract, tort, or statute, shall be submitted to and decided by binding arbitration. Arbitration shall be administered exclusively by American Arbitration Association and shall be conducted consistent with the rules, regulations, and requirements thereof as well as any requirements imposed by state law. Any arbitral award determination shall be final and binding upon the parties.

  13.Proprietary Rights.

  a.Work Product. The Executive acknowledges and agrees that all right, title, and interest in and to all writings, works of authorship, technology, inventions, discoveries, processes, techniques, methods, ideas, concepts, research, proposals, materials, and all other work product of any nature whatsoever, that are created, prepared, produced, authored, edited, amended, conceived, or reduced to practice by the Executive individually or jointly with others during the Employment Term and relate in any way to the business or contemplated business, products, activities, research, or development of the Company or result from any work performed by the Executive for the Company (in each case, regardless of when or where prepared or whose equipment or other resources is used in preparing the same), all rights and claims related to the foregoing, and all printed, physical and electronic copies, and other tangible embodiments thereof (collectively, "Work Product"), as well as any and all rights in and to US and foreign (a) patents, patent disclosures and inventions (whether patentable or not), (b) trademarks, service marks, trade dress, trade names, logos, corporate names, and domain names, and other similar designations of source or origin, together with the goodwill symbolized by any of the foregoing, (c) copyrights and copyrightable works (including computer programs), and rights in data and databases, (d) trade secrets, know-how, and other confidential information, and (e) all other intellectual property rights, in each case whether registered or unregistered and including all registrations and applications for, and renewals and extensions of, such rights, all improvements thereto and all similar or equivalent rights or forms of protection in any part of the world (collectively, "Intellectual Property Rights"), shall be the sole and exclusive property of the Company.

  For purposes of this Agreement, Work Product includes, but is not limited to, Company information.

  b.Work Made for Hire; Assignment. The Executive acknowledges that, by reason of being employed by the Company at the relevant times, to the extent permitted by law, all of the Work Product consisting of copyrightable subject matter is "work made for hire" as defined in 17 U.S.C. § 101 and such copyrights are therefore owned by the Company. To the extent that the foregoing does not apply, the Executive hereby irrevocably assigns to the Company, for no additional consideration, the Executive's entire right, title, and interest in and to all Work Product and Intellectual Property Rights therein, including the right to sue, counterclaim, and recover for all past, present, and future infringement, misappropriation, or dilution thereof, and all rights corresponding thereto throughout the world. Nothing contained in this Agreement shall be construed to reduce or limit the Company's rights, title, 

  	16	

  

  or interest in any Work Product or Intellectual Property Rights so as to be less in any respect than that the Company would have had in the absence of this Agreement. 

  c.Further Assurances; Power of Attorney. During and after the Employment Term, the Executive agrees to reasonably cooperate with the Company to (a) apply for, obtain, perfect, and transfer to the Company the Work Product as well as any and all Intellectual Property Rights in the Work Product in any jurisdiction in the world; and (b) maintain, protect and enforce the same, including, without limitation, giving testimony and executing and delivering to the Company any and all applications, oaths, declarations, affidavits, waivers, assignments, and other documents and instruments as shall be requested by the Company. The Executive hereby irrevocably grants the Company power of attorney to execute and deliver any such documents on the Executive's behalf in his name and to do all other lawfully permitted acts to transfer the Work Product to the Company and further the transfer, prosecution, issuance, and maintenance of all Intellectual Property Rights therein, to the full extent permitted by law, if the Executive does not promptly cooperate with the Company's request (without limiting the rights the Company shall have in such circumstances by operation of law). The power of attorney is coupled with an interest and shall not be affected by the Executive's subsequent incapacity.

  d.No License. The Executive understands that this Agreement does not, and shall not be construed to, grant the Executive any license or right of any nature with respect to any Work Product or Intellectual Property Rights or any Confidential Information, materials, software, or other tools made available to the Executive by the Company.

  14.Security.

  a.Security and Access. The Executive agrees and covenants (a) to comply with all Company security policies and procedures as in force from time to time ("Facilities and Information Technology Resources"); (b) not to access or use any Facilities and Information Technology Resources except as authorized by the Company; and (iii) not to access or use any Facilities and Information Technology Resources in any manner after the termination of the Executive's employment by the Company, whether termination is voluntary or involuntary. The Executive agrees to notify the Company promptly in the event the Executive learns of any violation of the foregoing by others, or of any other misappropriation or unauthorized access, use, reproduction, or reverse engineering of, or tampering with any Facilities and Information Technology Resources or other Company property or materials by others. 

  b.Exit Obligations. Upon (a) voluntary or involuntary termination of the Executive's employment or (b) the Company's request at any time during the Executive's employment, the Executive shall (i) provide or return to the Company any and all Company property, including keys, key cards, access cards, identification cards, security devices, employer credit cards, network access devices, computers, cell phones, smartphones, PDAs, pagers, fax machines, equipment, speakers, webcams, manuals, reports, files, books, compilations, work product, email messages, recordings, tapes, disks, thumb drives or other removable information storage devices, hard drives, negatives, and data and all Company documents and materials belonging to the Company and stored in any fashion, including but 

  	17	

  

  not limited to those that constitute or contain any Confidential Information or Work Product, that are in the possession or control of the Executive, whether they were provided to the Executive by the Company or any of its business associates or created by the Executive in connection with the Executive's employment by the Company; and (ii) delete or destroy all copies of any such documents and materials not returned to the Company that remain in the Executive's possession or control, including those stored on any non- Company devices, networks, storage locations, and media in the Executive's possession or control.

  15.Publicity. The Executive hereby irrevocably consents to any and all uses and displays, by the Company and its agents, representatives and licensees, of the Executive's name, voice, likeness, image, appearance, and biographical information in, on or in connection with any pictures, photographs, audio and video recordings, digital images, websites, television programs and advertising, other advertising and publicity, sales and marketing brochures, books, magazines, other publications, CDs, DVDs, tapes, and all other printed and electronic forms and media throughout the world, at any time during or after the Employment Term, for all legitimate commercial and business purposes of the Company ("Permitted Uses") without further consent from or royalty, payment, or other compensation to the Executive. The Executive hereby forever waives and releases the Company and its directors, officers, employees, and agents from any and all claims, actions, damages, losses, costs, expenses, and liability of any kind, arising under any legal or equitable theory whatsoever at any time during or after the Employment Term, arising directly or indirectly from the Company's and its agents', representatives', and licensees' exercise of their rights in connection with any Permitted Uses.

  16.Governing Law: Jurisdiction and Venue. This Agreement, for all purposes, shall be construed in accordance with the laws of California without regard to conflicts of law principles. Any action or proceeding by either of the parties to enforce this Agreement shall be brought only in a state or federal court located in the state of California, county of San Diego. The parties hereby irrevocably submit to the exclusive jurisdiction of such courts and waive the defense of inconvenient forum to the maintenance of any such action or proceeding in such venue.

  17.Entire Agreement. Unless specifically provided herein, this Agreement contains all of the understandings and representations between the Executive and the Company pertaining to the subject matter hereof and supersedes all prior and contemporaneous understandings, agreements, representations, and warranties, both written and oral, with respect to such subject matter. The parties mutually agree that the Agreement can be specifically enforced in court and can be cited as evidence in legal proceedings alleging breach of the Agreement. 

  18.Modification and Waiver. No provision of this Agreement may be amended or modified unless such amendment or modification is agreed to in writing and signed by the Executive and by CEO of the Company. No waiver by either of the parties of any breach by the other party hereto of any condition or provision of this Agreement to be performed by the other party hereto shall be deemed a waiver of any similar or dissimilar provision or condition at the same or any prior or subsequent time, nor shall the failure of or delay by either of the parties in exercising any right, power, or privilege hereunder operate as a waiver thereof to preclude any other or further exercise thereof or the exercise of any other such right, power, or privilege.

  	18	

  

  19.Severability. Should any provision of this Agreement be held by a court of competent jurisdiction to be enforceable only if modified, or if any portion of this Agreement shall be held as unenforceable and thus stricken, such holding shall not affect the validity of the remainder of this Agreement, the balance of which shall continue to be binding upon the parties with any such modification to become a part hereof and treated as though originally set forth in this Agreement. 

  The parties further agree that any such court is expressly authorized to modify any such unenforceable provision of this Agreement in lieu of severing such unenforceable provision from this Agreement in its entirety, whether by rewriting the offending provision, deleting any or all of the offending provision, adding additional language to this Agreement, or by making such other modifications as it deems warranted to carry out the intent and agreement of the parties as embodied herein to the maximum extent permitted by law. 

  The parties expressly agree that this Agreement as so modified by the court shall be binding upon and enforceable against each of them. In any event, should one or more of the provisions of this Agreement be held to be invalid, illegal, or unenforceable in any respect, such invalidity, illegality, or unenforceability shall not affect any other provisions hereof, and if such provision or provisions are not modified as provided above, this Agreement shall be construed as if such invalid, illegal, or unenforceable provisions had not been set forth herein.

  20.Captions. Captions and headings of the sections and paragraphs of this Agreement are intended solely for convenience and no provision of this Agreement is to be construed by reference to the caption or heading of any section or paragraph.

  21.Counterparts. This Agreement may be executed in separate counterparts, each of which shall be deemed an original, but all of which taken together shall constitute one and the same instrument.

  22.Tolling. Should the Executive violate any of the terms of the restrictive covenant obligations articulated herein, the obligation at issue will run from the first date on which the Executive ceases to be in violation of such obligation.

  23.Section 409A.

  a.General Compliance. This Agreement is intended to comply with Section 409A or an exemption thereunder and shall be construed and administered in accordance with Section 409A. Notwithstanding any other provision of this Agreement, payments provided under this Agreement may only be made upon an event and in a manner that complies with Section 409A or an applicable exemption. Any payments under this Agreement that may be excluded from Section 409A either as separation pay due to an involuntary separation from service or as a short-term deferral shall be excluded from Section 409A to the maximum extent possible. For purposes of Section 409A, each installment payment provided under this Agreement shall be treated as a separate payment. Any payments to be made under this Agreement upon a termination of employment shall only be made upon a "separation from service" under Section 409A. Notwithstanding the foregoing, the Company makes no representations that the payments and benefits provided under this Agreement comply with Section 409A, and in no event shall the Company be liable for all or any portion of any 

  	19	

  

  taxes, penalties, interest, or other expenses that may be incurred by the Executive on account of non-compliance with Section 409A.

  b.Specified Employees. Notwithstanding any other provision of this Agreement, if any payment or benefit provided to the Executive in connection with the Executive's termination of employment is determined to constitute "nonqualified deferred compensation" within the meaning of Section 409A and the Executive is determined to be a "specified employee" as defined in Section 409A(a)(2)(b)(i), then such payment or benefit shall not be paid until the first payroll date following the six-month anniversary of the Termination Date or, if earlier, on the Executive's death (the "Specified Employee Payment Date"). The aggregate of any payments that would otherwise have been paid before the Specified Employee Payment Date and interest on such amounts calculated based on the applicable federal rate published by the Internal Revenue Service for the month in which the Executive's separation from service occurs shall be paid to the Executive in a lump sum on the Specified Employee Payment Date and thereafter, any remaining payments shall be paid without delay in accordance with their original schedule.

  c.Reimbursements. To the extent required by Section 409A, each reimbursement or in-kind benefit provided under this Agreement shall be provided in accordance with the following:

  i.the amount of expenses eligible for reimbursement, or in-kind benefits provided, during each calendar year cannot affect the expenses eligible for reimbursement, or in-kind benefits to be provided, in any other calendar year;

  ii.any reimbursement of an eligible expense shall be paid to the Executive on or before the last day of the calendar year following the calendar year in which the expense was incurred; and

  iii.any right to reimbursements or in-kind benefits under this Agreement shall not be subject to liquidation or exchange for another benefit.

  d.Tax Gross-ups. Any tax gross-up payments provided under this Agreement shall be paid to the Executive on or before December 31 of the calendar year immediately following the calendar year in which the Executive remits the related taxes.

  24.Notification to Subsequent Employer. When the Executive's employment with the Company terminates, the Executive agrees to notify any subsequent employer of the restrictive covenants’ sections contained in this Agreement. The Executive will also deliver a copy of such notice to the Company before the Executive commences employment with any subsequent employer. In addition, the Executive authorizes the Company to provide a copy of the restrictive covenants’ sections of this Agreement to third parties, including but not limited to, the Executive's subsequent, anticipated, or possible future employer.

  25.Successors and Assigns. This Agreement is personal to the Executive and shall not be assigned by the Executive. Any purported assignment by the Executive shall be null and void from the initial date of the purported assignment. The Company may assign this Agreement to any successor or assign (whether direct or indirect, by purchase, merger, consolidation, or 

  	20	

  

  otherwise) to all or substantially all of the business or assets of the Company. This Agreement shall inure to the benefit of the Company and permitted successors and assigns.

  26.Notice. Notices and all other communications provided for in this Agreement shall be in writing and shall be delivered personally or sent by registered or certified mail, return receipt requested, or by overnight carrier to the parties at the addresses set forth below (or such other addresses as specified by the parties by like notice):

  If to the Company:

  Crinetics Pharmaceuticals, Inc

  10222 Barnes Canyon Rd.  Ste 200

  San Diego, CA 92121

  Attn: Garlan Adams, General Counsel

  If to the Executive:

  James Hassard

  10222 Barnes Canyon Rd.  Ste 200

  San Diego, CA 92121

   

  27.Representations of the Executive. The Executive represents and warrants to the Company that:

  i.The Executive's acceptance of employment with the Company and the performance of duties hereunder will not conflict with or result in a violation of, a breach of, or a default under any contract, agreement, or understanding to which the Executive is a party or is otherwise bound.

  ii.The Executive's acceptance of employment with the Company and the performance of duties hereunder will not violate any non-solicitation, non-competition, or other similar covenant or agreement of a prior employer.

  28.Withholding. The Company shall have the right to withhold from any amount payable hereunder any Federal, state, and local taxes in order for the Company to satisfy any withholding tax obligation it may have under any applicable law or regulation.

  29.Survival. Upon the expiration or other termination of this Agreement, the respective rights and obligations of the parties hereto shall survive such expiration or other termination to the extent necessary to carry out the intentions of the parties under this Agreement.

  30.Acknowledgement of Full Understanding. THE EXECUTIVE ACKNOWLEDGES AND AGREES THAT THE EXECUTIVE HAS FULLY READ, UNDERSTANDS AND VOLUNTARILY ENTERS INTO THIS AGREEMENT. THE EXECUTIVE ACKNOWLEDGES AND AGREES THAT THE EXECUTIVE HAS HAD AN OPPORTUNITY TO ASK QUESTIONS AND CONSULT WITH AN ATTORNEY OF THE EXECUTIVE'S CHOICE BEFORE SIGNING THIS AGREEMENT. 

  	21	

  

   

  [signature page follows]

   

  	22	

  

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

  			
	 
	CRINETICS PHARMACEUTICALS, INC

	 
	 
By /s/ R. Scott Struthers
Name: R. Scott Struthers
Title: Chief Executive Officer

	 
	EXECUTIVE

	 
	Signature: _/s/ James Hassard_______
Print Name: James Hassard

   

  	23Exhibit 10.1

 

Execution Version

 

 

 

Credit Agreement

 

dated as of March 24, 2022

 

among

 

MONEYLION TECHNOLOGIES INC.,

as Borrower,

 

the
various financial institutions party hereto,

as Lenders,

 

Monroe
Capital Management Advisors, LLC,

as Administrative Agent and Lead Arranger

 

 

 

     

     

    

 

Table
of Contents

 

	 	 	Page
	Section 1	DEFINITIONS.	1
	1.1	Definitions	1
	1.2	Certain Interpretive Provisions.	33
	1.3	Accounting and Other Terms.	34
	1.4	Treatment of LLC Division	35
	1.5	Reclassifiable Items	35
	Section 2	COMMITMENTS
    OF THE LENDERS; BORROWING and CONVERSION PROCEDURES.	36
	2.1	Commitments	36
	 	2.1.1	Term Loan Commitments.	36
	 	2.1.2	Incremental Facilities.	36
	2.2	Loan Procedures.	38
	 	2.2.1	Various Types of Loans	38
	 	2.2.2	Borrowing Procedures.	39
	 	2.2.3	Conversion Procedures.	39
	2.3	Commitments Several	40
	2.4	Certain Conditions	40
	Section 3	EVIDENCING OF
    LOANS.	40
	3.1	Notes	40
	3.2	Recordkeeping	40
	Section 4	INTEREST.	41
	4.1	Interest Rates	41
	 	4.1.1	Term Loans.	41
	 	4.1.2	Default Rate	41
	 	4.1.3	Interest Payment Dates	41
	4.2	Setting and Notice of Adjusted Term SOFR
    Rates	42
	4.3	Computation of Interest	42
	4.4	Term SOFR Conforming Changes	42
	Section 5	FEES.	42
	5.1	Administrative Agent’s Fees	42
	5.2	Applicable Premium	42
	Section 6	PREPAYMENTS;
    Repayments.	43
	6.1	Prepayments.	43
	 	6.1.1	Voluntary Prepayments	43
	 	6.1.2	Mandatory Prepayments	44
	6.2	Manner of Prepayments.	45
	 	6.2.1 	All Prepayments	45
	6.3	Repayments	45
	6.4	Option to Decline	45

 

    i

     

    

 

Table
of Contents

(continued)

 

	 	 	Page
	Section 7	MAKING AND PRORATION OF PAYMENTS; SETOFF; TAXES.	45
	7.1	Making of Payments.	45
	7.2	Application of Certain Payments	46
	7.3	Due Date Extension	47
	7.4	Setoff	47
	7.5	Proration of Payments	47
	7.6	Taxes.	47
	Section 8	Increased Costs; Special Provisions for SOFR Loans.	50
	8.1	Increased Costs.	50
	8.2	Basis for Determining Interest Rate Inadequate or Unfair.	51
	8.3	Changes in Law Rendering SOFR Loans Unlawful	51
	8.4	Right of Lenders to Fund through Other Offices	52
	8.5	Mitigation of Circumstances; Replacement of Lenders.	52
	8.6	Conclusiveness of Statements; Survival of Provisions	52
	8.7	Benchmark Replacement Setting.	52
	Section 9	REPRESENTATIONS AND WARRANTIES.	54
	9.1	Organization	54
	9.2	Authorization; No Conflict.	54
	9.3	Validity and Binding Nature	54
	9.4	Financial Condition	54
	9.5	No Material Adverse Change	54
	9.6	Litigation and Contingent Liabilities	55
	9.7	Ownership of Properties; Liens	55
	9.8	Equity Ownership	55
	9.9	Pension Plans.	55
	9.10	Investment Company Act	55
	9.11	Compliance with Laws Consents; Certain Actions	56
	9.12	Regulation T, U, X	56
	9.13	Taxes	56
	9.14	Solvency, etc	56
	9.15	Environmental Matters	57
	9.16	Insurance	57
	9.17	Real Property	57
	9.18	Information	57
	9.19	Location of Bank Accounts	58
	9.20	[Reserved]	58
	9.21	Intellectual Property	58
	9.22	[Reserved].	58
	9.23	Employee and Labor Matters	58
	9.24	[Reserved]	58
	9.25	Name; Jurisdiction of Organization; Organizational ID Number; Chief Place of Business; Chief Executive Office; FEIN	58
	9.26	Locations of Collateral	59
	9.27	Security Interests	59
	9.28	No Default	59
	9.29	Hedging Agreements	59
	9.30	OFAC	59
	9.31	Patriot Act	59

 

    ii

     

    

 

Table
of Contents

(continued)

 

	 	 	Page
	Section 10	AFFIRMATIVE
    COVENANTS.	60
	10.1	Reports, Certificates and Other Information	60
	 	10.1.1	Annual Reports	60
	 	10.1.2	Quarterly Reports	60
	 	10.1.3	Monthly Reports	60
	 	10.1.4	Compliance Certificates	61
	 	10.1.5	Reports to the SEC and to Shareholders	61
	 	10.1.6	Notice of Default, Litigation, and ERISA Matters	61
	 	10.1.7	Real Estate	62
	 	10.1.8	Management Reports	62
	 	10.1.9	Projections	62
	 	10.1.10	Other Information	63
	10.2	Books, Records, and Inspections	63
	10.3	Maintenance of Property; Insurance.	63
	10.4	Compliance with Laws; Payment of Taxes
    and Liabilities.	64
	10.5	Maintenance of Existence, etc	65
	10.6	Use of Proceeds	65
	10.7	Employee Benefit Plans.	65
	10.8	Environmental Matters	65
	10.9	Lender Meetings	66
	10.10	Further Assurances	66
	10.11	Deposit Accounts	66
	10.12	Collateral Access Agreements	66
	10.13	Guarantor Joinders	66
	Section 11	NEGATIVE COVENANTS	67
	11.1	Debt	67
	11.2	Liens	69
	11.3	Restricted Payments	71
	11.4	Mergers, Consolidations, Sales	73
	11.5	Modification of Certain Documents; Organizational
    Form.	74
	11.6	Transactions with Affiliates	75
	11.7	Inconsistent Agreements	76
	11.8	Business Activities	77
	11.9	Investments	77
	11.10	[Reserved]	79
	11.11	Fiscal Year	79
	11.12	Financial Covenants	79
	 	11.12.1	Minimum Revenue	79
	 	11.12.2	Minimum EBITDA	80
	 	11.12.3	Minimum Liquidity	80
	11.13	Compliance with Laws	80
	11.14	Permitted Activities of Parent	81
	Section 12	EFFECTIVENESS;
    CONDITIONS OF LENDING, ETC.	81
	12.1	Conditions to Effectiveness	81
	 	12.1.1	Agreement, Notes, and other Loan Documents	81
	 	12.1.2	Authorization Documents	81

 

    iii

     

    

 

Table
of Contents

(continued)

 

	 	 	 	 	PAGE
		12.1.3	Consents, etc	82
		12.1.4	Letter of Direction	82
		12.1.5	Collateral and Diligence Questionnaire	82
		12.1.6	[Reserved]	82
		12.1.7	[Reserved]	82
		12.1.8	[Reserved]	82
		12.1.9	Opinions of Counsel	82
		12.1.10	Insurance	82
		12.1.11	Payment of Fees	82
	 	12.1.12	Debt to be Repaid	82
	 	12.1.13	Solvency Certificate	83
	 	12.1.14	Search Results; Lien Terminations	83
	 	12.1.15	Filings, Registrations, and Recordings	83
	 	12.1.16	Closing Certificate	83
	 	12.1.17	Financial Statements	83
	 	12.1.18	No Material Adverse Effect	83
	 	12.1.19	Capital Structure	83
	 	12.1.20	Financial Condition	83
	 	12.1.21	Know-Your-Customer and Anti-Money Laundering	84
	12.2	Conditions Precedent to all Loans	 	84
	 	12.2.1	Compliance with Warranties, No Default, etc	84
	 	12.2.2	Confirmatory Certificate	84
	Section 13	EVENTS OF DEFAULT AND THEIR EFFECT.	 	85
	13.1	Events of Default	 	85
	 	13.1.1	Non-Payment of the Loans, etc	85
	 	13.1.2	Non-Payment of Other Debt	85
	 	13.1.3	[Reserved]	85
	 	13.1.4	Bankruptcy, Insolvency, etc	85
	 	13.1.5	Non-Compliance with Loan Documents.	85
	 	13.1.6	Representations; Warranties	86
	 	13.1.7	Pension Plans	86
	 	13.1.8	Judgments	86
	 	13.1.9	Invalidity of Loan Documents, etc	86
	 	13.1.10	Charges or Proceedings	87
	 	13.1.11	Change of Control	87
	13.2	Effect of Event of Default	 	87
	13.3	Credit Bidding	 	87
	13.4	Curative Equity.	 	88
	Section 14	Agency.	 	89
	14.1	Appointment and Authorization	 	89
	14.2	[Reserved]	 	89
	14.3	Delegation of Duties	 	89
	14.4	Exculpation	 	89
	14.5	Reliance	 	89
	14.6	Notice of Default	 	90
	14.7	Credit Decision	 	90

 

    iv

     

    

 

Table
of Contents

(continued)

 

	 	 	PAGE
	14.8	Indemnification	90
	14.9	Administrative Agent in Individual Capacities	91
	14.10	Successor Administrative Agent	91
	14.11	Collateral Matters	91
	14.12	Restriction on Actions by Lenders	92
	14.13	Administrative Agent May File Proofs of Claim.	92
	14.14	Other Agents; Arrangers and Managers	93
	14.15	Protective Advances	93
	Section 15	GENERAL.	93
	15.1	Waiver; Amendments.	93
	15.2	Confirmations	95
	15.3	Notices.	95
		15.3.1	Generally	95
		15.3.2	Electronic Communications	95
	15.4	Computations	96
	15.5	Costs and Expenses	96
	15.6	Assignments; Participations.	96
		15.6.1	Assignments.	96
		15.6.2	Participations	97
	15.7	Register	98
	15.8	Governing Law	98
	15.9	Confidentiality	98
	15.10	Severability	98
	15.11	Nature of Remedies	98
	15.12	Entire Agreement	99
	15.13	Counterparts	99
	15.14	Successors and Assigns	99
	15.15	Captions	99
	15.16	Customer Identification—USA Patriot Act Notice	99
	15.17	Indemnification by Loan Parties	99
	15.18	Non-Liability of Lenders.	100
	15.19	Forum Selection and Consent to Jurisdiction	100
	15.20	Waiver of Jury Trial	101
	15.21	Acknowledgement and Consent to Bail-In of EEA Financial Institutions	101

 

    v

     

    

 

ANNEXES

 

	Annex A	Lenders and Pro Rata Shares
	Annex B	Addresses for Notices

 

SCHEDULES

 

	SCHEDULE 1.1	Enterprise Value
	Schedule 9.6	Litigation and Contingent Liabilities
	Schedule 9.8	Equity Ownership
	SCHEDULE 9.11(d)	Compliance with Laws; Consents; Certain Actions
	Schedule 9.16	Insurance
	Schedule 9.17	Real Property
	Schedule 9.19	Deposit and Securities Accounts
	Schedule 9.21	Intellectual Property
	Schedule 9.25	Loan Party Information
	Schedule 9.26	Locations of Collateral
	Schedule 11.1	Existing Debt
	Schedule 11.2	Existing Liens
	Schedule 11.6	Transactions with Affiliates
	Schedule 11.7	Inconsistent Agreements
	Schedule 11.9	Investments
	Schedule 12.1	Debt to be Repaid

 

EXHIBITS

 

	Exhibit A	Form of Note (Section 3.1)
	Exhibit B	Form of Compliance Certificate (Section 10.1.4)
	Exhibit C	Form of Assignment Agreement (Section 15.6.1)
	Exhibit D	Form of Notice of Borrowing (Section 2.2.2)
	Exhibit E	Form of Notice of Conversion (Section 2.2.3)
	Exhibit F-1	Form of U.S. Tax Compliance Certificate)
	Exhibit F-2	Form of U.S. Tax Compliance Certificate)
	Exhibit F-3	Form of U.S. Tax Compliance Certificate)
	EXHIBIT F-4	Form of U.S. Tax Compliance Certificate)
	EXHIBIT G	Form of Intercompany Subordination Agreement

 

    vi

     

    

 

CREDIT AGREEMENT

 

This
Credit Agreement dated as of March 24, 2022 (this “Agreement”) is entered into among MONEYLION TECHNOLOGIES
INC., a Delaware corporation (the “Company” or “Borrower”); the financial institutions that are
or may from time to time become parties hereto (together with their respective successors and permitted assigns, the “Lenders”);
and Monroe Capital Management Advisors, LLC, a Delaware limited liability company (“Monroe
Capital”), as administrative agent for the Lenders.

 

The Company has requested
that the Lenders make Loans (a) to provide the funds required to repay the Debt to be Repaid, (b) to provide for the ongoing general corporate
purposes and working capital needs of Borrower and its Subsidiaries, (c) to consummate any other transaction not prohibited by this Agreement
(including repayment of Term A-2 Loans with Term B Loans or Incremental Loans) and (d) to fund fees and expenses associated with the foregoing,
as further provided in this Agreement, in an aggregate principal amount of $110,000,000 in the form of (a) Term A-1 Loans to Borrower
on the Closing Date in an aggregate principal amount of $70,000,000, (b) Term A-2 Loans to Borrower on the Closing Date in an aggregate
principal amount equal to $20,000,000 and (b) Term B Loans to Borrower during the Term B Loan Availability Period in an aggregate
principal amount of $20,000,000, and the Lenders are willing to do so on the terms and conditions set forth in this Agreement.

 

To secure the Loans and other
Obligations, Borrower and the other Loan Parties are granting to Administrative Agent, for the benefit of Administrative Agent and Lenders,
a security interest in and lien upon substantially all of Borrower’s and the other Loan Parties’ real and personal property
(subject to the limitations and exclusions set forth in the Loan Documents).

 

In consideration of the mutual
agreements contained in this Agreement, the parties hereby agree as follows:

 

Section
1 DEFINITIONS.

 

1.1 Definitions.
When used in this Agreement the following terms have the following meanings:

 

“Account Debtor”
is used as defined in the Guaranty and Collateral Agreement.

 

“Acquisition”
means any transaction or series of related transactions for the purpose of or resulting, directly or indirectly, in (a) the acquisition
of all or substantially all of the assets of a Person, or of all or substantially all of any business or division of a Person, (b) the
acquisition of all or a majority of the Equity Interests of any Person, or otherwise causing any Person to become a Subsidiary, or (c) a
merger or consolidation or any other combination with another Person (other than a Person that is already a Subsidiary).

 

“Adjusted Revenue”
means, with respect to the Company and its Subsidiaries for any period, the “Total Revenues, net” of the Company and its Subsidiaries
for that period determined in accordance with GAAP, as adjusted by amortization of loan origination costs, provisions for loss on receivables
related to membership and fee receivables, and revenue derived from products that have been phased out and non-operating income, in each
case, determined in a manner consistent with the Company’s financial reporting practices in effect as of the Closing Date.

 

“Adjusted Term SOFR”
means, for purposes of any calculation, the rate per annum equal to the sum of (a) Term SOFR for such calculation plus (b) the Term SOFR
Adjustment; provided that if Adjusted Term SOFR as so determined shall ever be less than the Floor, then Adjusted Term SOFR shall
be deemed to be the Floor.

 

    1

     

    

 

“Administrative Agent”
means Monroe Capital in its capacity as administrative agent for the Lenders under this Agreement and any successor thereto in that capacity
appointed in accordance with Section 14.10.

 

“Affected Loan”
is defined in Section 8.3.

 

“Affiliate”
of any Person means (a) any other Person which, directly or indirectly, controls or is controlled by or is under common control with
that Person, (b) solely for purposes of Sections 9.16, 9.30, 11.3, and 11.6 of this Agreement, any officer or director of that Person
and (c) with respect to any Lender, any entity administered or managed by that Lender or an Affiliate or investment advisor thereof
and which is engaged in making, purchasing, holding or otherwise investing in commercial loans. A Person will be deemed to be “controlled
by” any other Person if that other Person possesses, directly or indirectly, power to vote 10% or more of the securities (on a fully
diluted basis) having ordinary voting power for the election of directors or managers or power to direct or cause the direction of the
management and policies of that Person whether by contract or otherwise. Unless expressly stated otherwise in this Agreement, none of
the following Persons will be deemed an Affiliate of any Loan Party: (i) Administrative Agent; or (ii) any Lender.

 

“Agent Fee Letter”
means the fee letter dated as of the date of this Agreement between Borrower and Administrative Agent.

 

“Agreement”
is defined in the introductory clause of this Agreement.

 

“Applicable Margin”
means, as of any date of determination, the applicable rate per annum set forth in the following table that corresponds to the “Applicable
Metric” calculation as set forth in the most recent Compliance Certificate delivered to Administrative Agent pursuant to Section
10.1.3. At any time prior to the EBITDA Trigger Date, the rate per annum in the row styled “Level IV” shall not apply.

 

	Level	 	Applicable Metric	 	Base Rate Loans	 	 	SOFR

 Loans	 
	I	 	Enterprise Value less than or equal to $300,000,000	 	 	8.25	%	 	 	9.25	%
	II	 	Enterprise Value greater than $300,000,000 and less than or equal to $800,000,000	 	 	7.50	%	 	 	8.50	%
	III	 	Enterprise Value greater than $800,000,000	 	 	6.75	%	 	 	7.75	%
	IV	 	Enterprise Value greater than $800,000,000 and, from and after the EBITDA Trigger Date, Total Debt to EBITDA Ratio less than or equal to 4.00:1.00	 	 	6.00	%	 	 	7.00	%

 

 

    2

     

    

 

Except as otherwise set forth
in this definition, the Applicable Margin will be based upon the most recent Compliance Certificate. Except as otherwise set forth in
this definition, the Applicable Margin will be re-determined quarterly on the first day of the month following the date of delivery to
Administrative Agent of the applicable Compliance Certificate pursuant to Section 10.1.3. If Borrower fails to furnish any Compliance
Certificate when that Compliance Certificate is due, then the Applicable Margin will be the rate per annum in the row styled “Level
I” as of the first day of the month following the date on which that Compliance Certificate was required to be delivered until the
date on which that Compliance Certificate is delivered, on which date (but not retroactively), without constituting a waiver of any Default
or Event of Default occasioned by the failure to timely deliver that Compliance Certificate, the Applicable Margin will be set at the
rate per annum based upon the calculations disclosed by that Compliance Certificate. If any information contained in any Compliance Certificate
delivered pursuant to Section 10.1.3 is shown to be inaccurate, and that inaccuracy, if corrected, would have led to the application of
a higher Applicable Margin for any period than the Applicable Margin actually applied for that period, then (i) Borrower shall promptly
upon a responsible officer becoming aware thereof deliver or cause to be delivered to Administrative Agent and each Lender a correct Compliance
Certificate for that period; (ii) the Applicable Margin will be determined as if the correct Applicable Margin (as set forth in the table
above) were applicable for that period (irrespective of whether a correct Compliance Certificate is delivered); and (iii) Borrower shall
promptly (but in any event within five Business Days after delivery of that corrected Compliance Certificate or after demand by Administrative
Agent if such corrected Compliance Certificate is not timely delivered) deliver to Administrative Agent full payment in respect of the
accrued additional interest as a result of the increased Applicable Margin for that period, which payment Administrative Agent shall promptly
apply to the affected Obligations.

 

“Applicable Premium”
is defined in Section 5.2.

 

“Applicable Premium
Trigger Event” means:

 

(a) any prepayment by any
Loan Party of all, or any part, of the principal balance of any Term Loan for any reason (including, but not limited to, any optional
prepayment or mandatory prepayment, and distribution in respect thereof, and any refinancing thereof (but for the avoidance of doubt,
not including any amortization payment)), whether in whole or in part, and whether before or after (i) the occurrence of an Event of Default,
or (ii) the commencement of any Insolvency Proceeding, and notwithstanding any acceleration (for any reason) of the Obligations; provided
that any payments required to be made pursuant to Section 6.1.2(a)(ii) and Section 6.1.2(a)(v) of this Agreement shall not constitute
an Applicable Premium Trigger Event;

 

(b) the acceleration of the
Obligations for any reason, including, but not limited to, acceleration in accordance with Section 13.2 of the Credit Agreement, including
as a result of the commencement of an Insolvency Proceeding;

 

(c) the satisfaction, release,
payment, restructuring, reorganization, replacement, reinstatement, defeasance or compromise of any of the Obligations in any Insolvency
Proceeding or any foreclosure (whether by power of judicial proceeding or otherwise) or deed in lieu of foreclosure or the making of a
distribution of any kind in any Insolvency Proceeding to Administrative Agent, for the account of the Lenders in full or partial satisfaction
of the Obligations; or

 

(d) the termination of the
Credit Agreement for any reason.

 

Solely for purposes of calculating
the term Applicable Premium, if an Applicable Premium Trigger Event occurs under clause (b), (c) or (d), the entire then outstanding principal
amount of the Term Loan shall be deemed to have been prepaid on the date on which such Applicable Premium Trigger Event occurs.

 

    3

     

    

 

“Approved Fund”
means (a) any Person (other than a natural person) engaged in making, purchasing, holding, or investing in commercial loans and similar
extensions of credit and that is advised, administered, or managed by a Lender, an Affiliate of a Lender (or an entity or an Affiliate
of an entity that administers, advises or manages a Lender); (b) with respect to any Lender that is an investment fund, any other
investment fund that invests in loans and that is advised, administered or managed by the same investment advisor as that Lender or by
an Affiliate of that investment advisor; and (c) any third party that provides “warehouse financing” to a Person described
in clause (a) or (b) (and any Person described in clause (a) or (b) will also be deemed an Approved
Fund with respect to any such third party providing warehouse financing); provided that in no event shall a Person that constitutes
a Disqualified Institution constitute an Approved Fund.

 

“Asset Disposition”
means the sale, lease, assignment, disposition, conveyance or other transfer for value by any Loan Party to any Person of any asset of
that Loan Party (including, the loss, destruction or damage of any thereof or any actual or threatened (in writing to any Loan Party)
condemnation, confiscation, requisition, seizure or taking thereof). For the avoidance of doubt, none of (x) the sale of any Permitted
Convertible Debt by Parent, (y) the sale of any Permitted Warrant Transaction by Parent and (z) the performance by Parent of its obligations
under any Permitted Convertible Debt or any Permitted Warrant Transaction shall constitute an Asset Disposition.

 

“Assignee”
is defined in Section 15.6.1.

 

“Assignment Agreement”
is defined in Section 15.6.1.

 

“Attorney Costs”
means, with respect to any Person, all reasonable and documented out-of-pocket invoiced fees and charges of any counsel (excluding in
–house counsel) to that Person and all court costs and similar legal expenses.

 

“Available Tenor”
means, as of any date of determination and with respect to the then-current Benchmark, as applicable, (x) if such Benchmark is a term
rate, any tenor for such Benchmark (or component thereof) that is or may be used for determining the length of an interest period pursuant
to this Agreement or (y) otherwise, any payment period for interest calculated with reference to such Benchmark (or component thereof)
that is or may be used for determining any frequency of making payments of interest calculated with reference to such Benchmark pursuant
to this Agreement, in each case, as of such date and not including, for the avoidance of doubt, any tenor for such Benchmark that is then-removed
from the definition of “Interest Period” pursuant to Section 8.7.4.

 

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

 

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

 

“Bankruptcy Code”
means the Federal Bankruptcy Reform Act of 1978 (11 U.S.C. § 101 et seq.) and the regulations issued from time to
time thereunder.

 

“Base Rate”
means at any time a fluctuating rate per annum equal to the greatest of (a) the Federal Funds Rate plus 0.50%, (b) the Prime Rate, (c)
2.00%, and (d) the Adjusted Term SOFR for a one-month tenor in effect on such day plus 1.00 %.

 

“Base Rate Loan”
means any Loan which bears interest at or by reference to the Base Rate.

 

“Base Rate Term SOFR
Determination Day” has the meaning specified in the definition of “Term SOFR”.

 

    4

     

    

 

“Benchmark”
means, initially, the Term SOFR Reference Rate; provided that if a Benchmark Transition Event has occurred with respect to the
Term SOFR Reference Rate or the then-current Benchmark, then “Benchmark” means the applicable Benchmark Replacement to the
extent that such Benchmark Replacement has replaced such prior benchmark rate pursuant to Section 8.7.1.

 

“Benchmark Replacement”
means, with respect to any Benchmark Transition Event, the sum of: (a) the alternate benchmark rate that has been selected by Administrative
Agent and Borrower 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 to the then-current Benchmark for Dollar-denominated syndicated credit facilities at such time and (b)
the related Benchmark Replacement Adjustment; provided, that if the Benchmark Replacement as determined pursuant to clause (a) or (b)
above would be less than the Floor, the Benchmark Replacement will be deemed to be a rate per annum equal to the Floor for the purposes
of this Agreement and the other Loan Documents.

 

“Benchmark Replacement
Adjustment” means, with respect to any replacement of the then-current Benchmark with an Unadjusted Benchmark Replacement, 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 Administrative Agent and Borrower Representative giving due consideration to (a) 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 or (b) 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
Date” means the earlier to occur of the following events with respect to the then-current Benchmark:

 

(a) in
the case of clause (a) or (b) of the definition of “Benchmark Transition Event”, the later of (i) the date of the public statement
or publication of information referenced therein and (ii) 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

 

(b) in
the case of clause (c) 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 non-representative; provided that such non-representativeness, non-compliance or non-alignment
will be determined by reference to the most recent statement or publication referenced in such clause (c) and even if any Available Tenor
of such Benchmark (or such component thereof) continues to be provided on such date.

 

For the avoidance of doubt,
the “Benchmark Replacement Date” will be deemed to have occurred in the case of clause (a) or (b) 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).

 

    5

     

    

 

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

 

(a) 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);

 

(b) 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 Federal Reserve Bank of New York, an insolvency official with
jurisdiction over the administrator for such Benchmark (or such component), a resolution authority with jurisdiction over the administrator
for such Benchmark (or such component) or a court or an entity with similar insolvency or resolution authority over the administrator
for such Benchmark (or such component), which states that the administrator of such Benchmark (or such component) has ceased or will cease
to provide all Available Tenors of such Benchmark (or such component thereof) permanently or indefinitely; provided that, at the time
of such statement or publication, there is no successor administrator that will continue to provide any Available Tenor of such Benchmark
(or such component thereof); or

 

(c) 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 not,
or as of a specified future date will not 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 Transition
Start Date” means, in the case of a Benchmark Transition Event, the earlier of (a) the applicable Benchmark Replacement Date
and (b) if such Benchmark Transition Event is a public statement or publication of information of a prospective event, the 90th day prior
to the expected date of such event as of such public statement or publication of information (or if the expected date of such prospective
event is fewer than 90 days after such statement or publication, the date of such statement or publication).

 

“Benchmark Unavailability
Period” means, the period (if any) (a) beginning at the time that a Benchmark Replacement Date has occurred if, at such time,
no Benchmark Replacement has replaced the then-current Benchmark for all purposes hereunder and under any Loan Document in accordance
with Section 8.7 and (b) ending at the time that a Benchmark Replacement has replaced the then-current Benchmark for all purposes hereunder
and under any Loan Document in accordance with Section 8.7.

 

“Borrower”
is defined in the introductory clause of this Agreement.

 

“Borrowing”
means a borrowing consisting of simultaneous Loans of the same Type and, in the case of a SOFR Borrowing, having the same Interest Period
made by the Lenders.

 

“Business Day”
means any day other than a Saturday, Sunday or other day on which commercial banks are authorized to close under the laws of, or are in
fact closed in, New York

 

    6

     

    

 

“Capital Expenditures”
means all expenditures that, in accordance with GAAP, would be required to be capitalized and shown on the consolidated balance sheet
of the Company and its Subsidiaries, including expenditures in respect of Capital Leases, but excluding any such expenditures made in
connection with the replacement, substitution, or restoration of assets to the extent financed (i) from insurance proceeds (or other
similar recoveries) paid on account of the loss of or damage to the assets being replaced or restored, (ii) with awards of compensation
arising from the taking by eminent domain or condemnation of the assets being replaced, (iii) with assets traded or exchanged for
that replacement, substitution, or restoration of assets, or (iv) with Net Cash Proceeds from a sale, lease, assignment, disposition,
or other transfer for value of the type specifically described in clause (a) of the definition of “Permitted Asset Disposition.”

 

“Capital Lease”
means, with respect to any Person, any lease of (or other agreement conveying the right to use) any real or personal property by that
Person that, in conformity with GAAP, is accounted for as a capital lease on the balance sheet of that Person.

 

“Cash Collateralize”
means, with respect to any inchoate, contingent, or other Obligations, the delivery of cash to Administrative Agent, as security for the
payment of those Obligations, in an amount equal to Administrative Agent’s good faith estimate of the amount due or to become due,
including all fees and other amounts relating to those Obligations. “Cash Collateralization” has a correlative meaning.

 

“Cash Equivalent
Investment” means, at any time, (a) any evidence of Debt, maturing not more than one year after that time, issued or guaranteed
by the United States Government or any agency thereof; (b) commercial paper, maturing not more than one year from the date of issue,
or corporate demand notes, in each case (unless issued by a Lender or its holding company) rated at least A-l by Standard & Poor’s
Ratings Services, a division of The McGraw-Hill Companies, Inc. or P-l by Moody’s Investors Service, Inc.; (c) any certificate
of deposit, time deposit, or banker’s acceptance, maturing not more than one year after that time, or any overnight Federal Funds
transaction that is issued or sold by any Lender or its holding company (or by a commercial banking institution that is a member of the
Federal Reserve System and has a combined capital and surplus and undivided profits of not less than $500,000,000); (d) any repurchase
agreement entered into with any Lender (or commercial banking institution of the nature referred to in clause (c)) which (i) is
secured by a fully perfected security interest in any obligation of the type described in any of clauses (a) through (c) above
and (ii) has a market value at the time that repurchase agreement is entered into of not less than 100% of the repurchase obligation
of that Lender (or other commercial banking institution) thereunder; (e) money market accounts or mutual funds which invest exclusively
in assets satisfying the foregoing requirements; and (f) other short-term liquid investments approved in writing by Administrative
Agent (such approval not to be unreasonably withheld, delayed or conditioned).

 

“Cash-in-Transit”
means, as of any date of determination, the aggregate amount of receivables of the Company and its Subsidiaries from payment processors
(for debit card collections and other sources).

 

“Change in Law”
means the adoption or phase-in of, or any change in, in each case after the date of this Agreement, any applicable law, rule, or regulation,
or any change in the interpretation or administration of any applicable law, rule, or regulation by any governmental authority, central
bank, or comparable agency charged with the interpretation or administration thereof, or compliance by any Lender with any request or
directive (whether or not having the force of law) of any such authority, central bank, or comparable agency. For purposes of this Agreement,
the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules, guidelines, or directives thereunder or issued
in connection therewith, and 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 regulatory authorities, in each case
pursuant to Basel III, will, in each case, be deemed to have been adopted and gone into effect after the date of this Agreement.

 

    7

     

    

 

“Change of Control”
means the occurrence of any of the following events: (a) the acquisition, directly or indirectly, by any person or group (within the meaning
of Section 13(d)(3) of the Exchange Act) of beneficial ownership of more than 30% of the aggregate outstanding voting or economic power
of the Equity Interests of Parent; or (b) except to the extent otherwise expressly permitted by the terms of this Agreement (including
without limitation, pursuant to Section 11.4), Parent ceases to, directly or indirectly, own and control 100% of the outstanding Equity
Interests of Borrower.

 

“Closing Date”
is defined in Section 12.1.

 

“Code”
means the Internal Revenue Code of 1986.

 

“Collateral”
means “Collateral” (as defined in the Guaranty and Collateral Agreement) and any and all other property now or hereafter securing
Obligations.

 

“Collateral Access
Agreement” means an agreement in form and substance reasonably satisfactory to Administrative Agent pursuant to which a lessor
of real property on which collateral or books or records are stored or otherwise located, or a warehouseman, processor, or other bailee
of inventory or other property owned by any Loan Party, acknowledges the Liens of Administrative Agent, waives or subordinates any Liens
held by that Person on Collateral held at that property, and, in the case of any such agreement with a lessor, permits Administrative
Agent reasonable access to and use of the applicable real property following the occurrence and during the continuance of an Event of
Default to assemble, complete and remove any Collateral stored or otherwise located on that real property.

 

“Collateral and Diligence
Questionnaire” means a collateral and diligence questionnaire executed and delivered to Administrative Agent by a Loan Party.

 

“Collateral Documents”
means, collectively, the Guaranty and Collateral Agreement, each Mortgage, each Mortgage-Related Document, each Collateral Access Agreement,
each Control Agreement, each Intellectual Property Security Agreement, and any other agreement or instrument pursuant to which Borrower,
any Subsidiary or any other Person grants or purports to grant Collateral to Administrative Agent for the benefit of Administrative Agent
and the Lenders or otherwise relates to any such Collateral.

 

“Commitment”
means, as to any Lender, that Lender’s commitment to make Loans under this Agreement. The initial amount of each Lender’s
Commitment is set forth on Annex A.

 

“Competitor”
means any company or business that operates a personal finance platform including mobile applications designed to help users simplify
personal financial management.

 

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

 

“Computation Period”
means each period of four consecutive Fiscal Quarters ending on the last day of a Fiscal Quarter.

 

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

 

    8

     

    

 

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

 

“Consolidated Net
Income” means, with respect to the Company and its Subsidiaries for any period, in each case as determined in accordance with
GAAP, the consolidated net income (or loss) of the Company and its Subsidiaries for that period, excluding (a) any gains from Asset Dispositions;
(b) any extraordinary gains; (c) the income (or loss) of any Subsidiary during that period in which any other Person (other than the Company
or a Subsidiary) has a joint interest and contractual provisions actually restrict the amount of dividends or other distributions payable
in cash to the Company or any of its Subsidiaries during such period, except to the extent of the amount of cash dividends or other distributions
actually paid or payable in cash to the Company or any Subsidiary during that period; (d) the income (or loss) of any Person during that
period and accrued prior to the date it becomes a Subsidiary of the Company or is merged into or consolidated with a Loan Party or that
Person’s assets are acquired by a Loan Party, except to the extent permitted with respect to, and only with respect to, pro forma
calculations permitted or required by the terms of this Agreement; (e) the income of any Subsidiary to the extent that the declaration
or payment of dividends or similar distributions by that Subsidiary to the Company or any of its Subsidiaries of that income is not at
the time permitted by operation of the terms of its organizational documents, its governing documents, or any agreement, instrument, judgment,
decree, order, statute, rule; or governmental regulation applicable to that Subsidiary, except to the extent of the amount of cash dividends
or other distributions actually paid in cash to the Company or any Subsidiary during such period; and (f) any gains (or losses) from discontinued
operations.

 

“Contingent Liability”
means, with respect to any Person, each obligation and liability of that Person and all such obligations and liabilities of that Person
incurred pursuant to any agreement, undertaking or arrangement by which that Person: (a) guarantees, endorses or otherwise becomes
or is contingently liable upon (by direct or indirect agreement, contingent or otherwise, to provide funds for payment, to supply funds
to, or otherwise to invest in, a debtor, or otherwise to assure a creditor against loss) the indebtedness, dividend, obligation or other
liability of any other Person in any manner (other than by endorsement of instruments in the course of collection), including any indebtedness,
dividend or other obligation which may be issued or incurred at some future time; (b) guarantees the payment of dividends or other
distributions upon the Equity Interests of any other Person; (c) undertakes or agrees (whether contingently or otherwise): (i) to
purchase, repurchase, or otherwise acquire any indebtedness, obligation or liability of any other Person or any property or assets constituting
security therefor, (ii) to advance or provide funds for the payment or discharge of any indebtedness, obligation or liability of
any other Person (whether in the form of loans, advances, stock purchases, capital contributions, or otherwise), or to maintain solvency,
assets, level of income, working capital, or other financial condition of any other Person, or (iii) to make payment to any other
Person other than for value received; (d) agrees to lease property or to purchase securities, property, or services from any other
Person with the purpose or intent of assuring the owner of that indebtedness or obligation of the ability of that other Person to make
payment of the indebtedness or obligation; (e) to induce the issuance of, or in connection with the issuance of, any letter of credit
for the benefit of any other Person; or (f) undertakes or agrees otherwise to assure a creditor against loss. The amount of any Contingent
Liability will (subject to any limitation set forth in this Agreement) be as reasonably determined by such Person in good faith in accordance
with GAAP.

 

    9

     

    

 

“Control Agreement”
means each deposit account control agreement or securities account control agreement, as applicable, entered into by a Loan Party, each
depository institution or securities intermediary party thereto and Administrative Agent in form and substance reasonably satisfactory
to Administrative Agent.

 

“Controlled Group”
means all members of a controlled group of corporations, all members of a controlled group of trades or businesses (whether or not incorporated)
under common control and all members of an affiliated service group which, together with Borrower or any Subsidiary of Borrower, are treated
as a single employer under Section 414 of the Code or Section 4001(b) of ERISA.

 

“Credit Facilities”
means the credit facilities provided under this Agreement and the other Loan Documents.

 

“Curative Equity”
means the making of capital contributions to the Company or the issuance of Equity Interests by the Company (other than Disqualified Equity
Interests), for the purposes of, and in accordance with, Section 13.4.

 

“Debt”
of any Person at a particular time means, without duplication, (a) all indebtedness of that Person for borrowed money; (b) all indebtedness
evidenced by bonds, debentures, notes or similar instruments; (c) all obligations of that Person as lessee under Capital Leases which
have been or should be recorded as liabilities on a balance sheet (excluding the footnotes thereto) of that Person in accordance with
GAAP; (d) all obligations of that Person to pay the deferred purchase price of property or services (excluding (x) trade accounts payable
in the ordinary course of business and (y) any earn out obligation, purchase price adjustment or other similar obligation until such obligation
(A) becomes a liability on the balance sheet of such Person (excluding the footnotes thereto) in accordance with GAAP and (B) has not
been paid within 60 days after becoming due and payable following expiration of any dispute resolution mechanics set forth in the applicable
agreement governing the applicable transaction (it being understood and agreed that, in addition to the foregoing limitations, earn-out
obligations shall only constitute Debt to the extent payable in cash)); (e) all indebtedness secured by a Lien on the property of that
Person, whether or not that indebtedness has been assumed by that Person, but if that Person has not assumed or otherwise become liable
for that indebtedness, then the amount of that indebtedness will be deemed to be the lesser of (i) the amount of such indebtedness and
(ii) at the fair market value of the property securing that indebtedness at the time of determination; (f) all obligations, contingent
or otherwise, with respect to the face amount of all letters of credit (whether or not drawn), bankers’ acceptances, and similar
obligations issued for the account of that Person; (g) all Hedging Obligations of that Person; (h) all Contingent Liabilities of that
Person; (i) all Debt of any partnership of which that Person is a general partner unless such Debt is expressly made non-recourse to such
Person; (j) (x) all monetary obligations under any receivables factoring, receivables sales, or similar transactions (including any warehouse
financing) and (y) all monetary obligations (to the extent such obligations become payable in accordance with GAAP) under any synthetic
lease, tax ownership/operating lease, off-balance sheet financing, or similar financing; and (k) any Disqualified Equity Interests of
that Person and any other equity interest or instrument of that Person, whether or not mandatorily redeemable, that under GAAP is characterized
as debt, whether pursuant to financial accounting standards board issuance No. 150 or otherwise. For the avoidance of doubt, the obligations
of Parent under any Permitted Warrant Transaction shall not constitute Debt.

 

“Debt to be Repaid”
means the Debt listed on Schedule 12.1.

 

“Default”
means any event that, if it continues uncured, will, with lapse of applicable cure or grace periods or notice or both, constitute an Event
of Default.

 

    10

     

    

 

“Defaulting Lender”
means any Lender that (a) has failed to fund any portion of the Loans or participations in Letters of Credit required to be funded by
it under this Agreement within two (2) Business Days of the date required to be funded by it under this Agreement; (b) has otherwise failed
to pay over to Administrative Agent or any other Lender any other amount required to be paid by it under this Agreement within two (2)
Business Days of the date when due, unless the subject of a good faith dispute; (c) has or has a direct or indirect parent company that
has (i) been deemed insolvent or become the subject of an Insolvency Proceeding or (ii) become the subject of a Bail-In Action; (d) has
notified any Borrower, Administrative Agent or any Lender that it does not intend to comply with any of its funding obligations under
this Agreement or has made a public statement to the effect that it does not intend to comply with its funding obligations under this
Agreement or under other agreements in which it commits to extend credit or (e) has failed to confirm within three (3) Business Days of
a request by Administrative Agent (including any request by Borrower that such request be made) that it will comply with the terms of
this Agreement relating to its obligations to fund Loans and participations in Letters of Credit.

 

“Disqualified Equity
Interest” means any Equity Interest that, by its terms (or by the terms of any security or other Equity Interest into which
it is convertible or for which it is exchangeable), or upon the happening of any event or condition, in each case before the date that
is one hundred eighty (180) days after the Termination Date, (a) matures or is mandatorily redeemable (other than solely for Qualified
Equity Interests), pursuant to a sinking-fund obligation or otherwise (except as a result of a change of control or asset sale so long
as any rights of the holders thereof upon the occurrence of a change of control or asset sale event are subject to the prior repayment
in full of the Loans and all other Obligations that are accrued and payable and the termination of the Commitments); (b) is redeemable
at the option of the holder thereof (other than solely for Qualified Equity Interests), in whole or in part; (c) provides for the scheduled
payments of dividends in cash before the date that is one hundred eighty (180) days after the Termination Date; or (d) is or becomes convertible
into or exchangeable for Debt or any other Equity Interests that would constitute Disqualified Equity Interests.

 

“Disqualified Institution”
means (i)(x) Persons that are Competitors of any of the Loan Parties and (y) those banks, financial institutions and other Persons to
the extent identified by the Company to Administrative Agent and each Initial Lender by name in writing prior to the Closing Date, which
written list of Disqualified Institutions under clause (y) may be updated from time to time after the Closing Date with the consent of
Administrative Agent and each Lender (such consents not to be unreasonably withheld, conditioned or delayed) or (ii) any reasonably identifiable
controlled Affiliate of such Persons (provided that neither Administrative Agent nor any Lender shall have any obligation to carry out
due diligence in order to identify such controlled Affiliates but shall act in good faith), it being understood that any supplement thereof
shall not apply retroactively to disqualify any Persons that have previously acquired an assignment or participation interest in the Loans
and/or Commitments as permitted herein. Disqualified Institutions exclude any Person that the Company has designated in writing as no
longer being a Disqualified Institution by written notice delivered to Administrative Agent and each Lender from time to time.

 

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

 

    11

     

    

 

“EBITDA”
means, for any period, the result of the following, in each case as determined in accordance with GAAP:

 

(a) Consolidated
Net Income for that period;

 

plus 

 

(b) to
the extent deducted in determining that Consolidated Net Income (other than in respect of (b)(xiv)(i)), without duplication, the sum of
the following during that period:

 

(i) Interest
Expense;

 

(ii) any
federal, state, local and foreign income tax expense for that period and, without duplication, Tax Distributions made in (or payable with
respect to) that period;

 

(iii) depreciation
and amortization for that period;

 

(iv) non-cash
compensation expense, or other non-cash expenses or charges, for that period arising from the granting of stock options, stock appreciation
rights or similar equity arrangements;

 

(v) non-cash
extraordinary or non-cash non-recurring expenses or losses (including non-cash adjustments due to changes in accounting) and other non-cash
charges (including changes in fair value of warrants issued by Parent) (in each case as determined in accordance with GAAP) incurred during
that period;

 

(vi) reasonable
and documented out-of-pocket fees, costs, and expenses paid during that period in connection with the negotiation, execution, and delivery
of this Agreement and the other Loan Documents and the consummation of the transactions contemplated by this Agreement and the other Loan
Documents, so long as (A) those fees, costs, and expenses were paid not later than 180 days after the Closing Date, and (B) the aggregate
amount of all such fees, costs, and expenses, whenever incurred or paid, does not exceed $1,800,000.

 

(vii) (A)
(x) Malka Transaction Expenses, (y) Even Transaction Expenses and (z) at the election of Borrower, other transaction fees, costs
and expenses incurred in connection with Permitted Acquisitions and Investments, Permitted Asset Dispositions and other transactions not
prohibited by this Agreement or any other Loan Documents or Agent Fee Letter (whether or not any such transaction has been consummated)
but only to the extent the aggregate amount thereof added back pursuant to this clause (z) does not exceed $5,000,000 for any Computation
Period or $10,000,000 in the aggregate during the term of this Agreement and (B) other reasonable and customary transaction fees,
costs and expenses incurred in connection with issuance of Permitted Convertible Debt and Equity Issuances, in each case, negotiated with
non-Affiliates on arm’s length customary market terms (as determined by Borrower in good faith);

 

(viii) (A)
extraordinary charges, losses and expenses (determined in accordance with GAAP) and (B) unusual, one-time or non-recurring charges, losses
and expenses, but only to the extent the aggregate amount thereof added back pursuant to this clause (viii) does not exceed $3,500,000
for any Computation Period;

 

(ix) provision
for loss on receivables related to finance receivables for that period;

 

(x) reasonable
and documented out-of-pocket fees, costs, and expenses of the Loan Parties incurred after the Closing Date and paid during that period
in connection with the Loan Documents (including any amendment, modification or waiver of terms thereof) but only to the extent the aggregate
amount thereof added back pursuant to this clause (x) does not exceed $500,000 for any Computation Period;

 

    12

     

    

 

(xi) restructuring
and similar charges, including any charge attributable to the undertaking and/or implementation of cost savings initiatives, cost rationalization
programs, operating expense reductions and/or synergies (excluding “revenue” synergies, but including, without limitation,
in connection with any integration, and/or restructuring or transition), any business optimization or business organization charge, any
restructuring charge (including any charge relating to any tax restructuring), and/or any charge relating to the closure or consolidation
of any facility and/or discontinued operations (including but not limited to severance, rent termination costs, moving costs and legal
costs), any systems implementation charge, any consulting charge, any severance charge and/or any other transaction costs or other costs
associated with operational changes or improvements, but only to the extent the aggregate amount thereof pursuant to this clause (xi)
does not exceed $2,500,000 for any Computation Period;

 

(xii) non-cash
charges relating to grants of stock appreciation rights, stock options, restricted stock units or restricted stock, non-cash impairment
of goodwill and other long term intangible assets, unrealized non-cash losses (or minus unrealized non-cash gains) under Hedging Agreements
or other derivative contracts, unrealized non-cash losses (or minus unrealized non-cash gains) in such period due solely to fluctuations
in currency values, but excluding any non-cash loss or expense relating to a write-down, write-off or reserve with respect to accounts
receivable or inventory in any Fiscal Year;

 

(xiii) reasonable
and customary fees, costs, and expenses of board of directors (or similar governing body) (including compensation expenses) of the Company
for that period incurred in the ordinary course of business;

 

(xiv) (i)
business interruption insurance proceeds and (ii) other amounts paid during such period which have been indemnified or reimbursed in cash
by third parties that are not a Loan Party or a Subsidiary of a Loan Party (or an Affiliate of a Loan Party with respect to expenses related
to operating expenses of such Loan Party or Subsidiary);

 

(xv) the
amount of any earn-out payments paid in such period to the extent the earn-out payment is permitted by the terms of this Agreement and
made pursuant to and in accordance with documentation that has been delivered to Administrative Agent;

 

(xvi) one-time
costs associated with Public Company Compliance in an aggregate amount not to exceed $1,000,000 during the term of this Agreement;

 

plus

 

(c) proceeds of any Curative
Equity made in accordance with Section 13.4 and subject to the limitations therein;

 

minus 

 

(d) to the extent included
in determining Consolidated Net Income, without duplication: non-cash gains or profits during that period;

 

provided that (x) there
shall be included in determining EBITDA for any period, without duplication and to the extent reasonably satisfactory to the Required
Lenders, the EBITDA of any Person acquired by the Company or any of its Subsidiaries pursuant to a Permitted Acquisition during such period
(but not the EBITDA of any related Person, property, business or assets to the extent not so acquired), to the extent not subsequently
sold, transferred or otherwise disposed of by the Company or such Subsidiary during such period and (y) there shall be excluded in determining
EBITDA for any period, without duplication and to the extent reasonably satisfactory to the Required Lenders, the EBITDA of any Person
sold, transferred or otherwise disposed of by the Company or any of its Subsidiary pursuant to Section 11.4 during such period, in each
case, as if such acquisition or disposition occurred on the first day of the relevant measurement period.

 

    13

     

    

 

Notwithstanding anything to
the contrary contained herein, for purposes of calculating EBITDA, for the monthly periods set forth below, EBITDA for such month shall
be deemed the respective EBITDA amount set forth below (the “Deemed EBITDA”):

 

	Period	 	EBITDA	 
	February 2021	 	$	(1,958,987	)
	March 2021	 	$	689,217	 
	April 2021	 	$	(2,227,366	)
	May 2021	 	$	(2,152,412	)
	June 2021	 	$	(6,969,332	)
	July 2021	 	$	(1,003,636	)
	August 2021	 	$	(10,914,497	)
	September 2021	 	$	(5,476,686	)
	October 2021	 	$	(6,289,667	)
	November 2021	 	$	(8,079,961	)
	December 2021	 	$	(14,789,862	)
	January 2022	 	$	(4,788,940	)

 

For the avoidance of doubt,
with respect to any addback or adjustment subject to a cap or other limitation, (x) such cap or limitation shall not apply with respect
to any addbacks or adjustments included in the Deemed EBITDA and (y) addbacks or adjustments included in Deemed EBITDA shall not be counted
as usage of such cap or limitation.

 

“EBITDA Trigger Date”
the first date by which EBITDA for the most recently ended two consecutive Fiscal Quarters is greater than $0 (whether or not sustained).

 

“ECF Percentage”
means, with respect to the Excess Cash Flow for any Fiscal Year following the EBITDA Trigger Date, the following percentages, as applicable:
(a) if the Total Debt to EBITDA Ratio as of the last day of the last Fiscal Quarter of that Fiscal Year is equal to or less than 1.50
to 1.00, 0%; (b) if the Total Debt to EBITDA Ratio as of the last day of the last Fiscal Quarter of that Fiscal Year is greater than 1.50
to 1.00 but equal to or less than 3.00 to 1.00, 25.0%; and (c) otherwise, 50.0%.

 

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

 

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

 

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

 

    14

     

    

 

“Eligible Assignee”
means any commercial bank, any finance company, any investment fund or other fund that invests in loans, or any Affiliate of any of the
foregoing.

 

“Environmental Claims”
means all claims, however asserted, by any governmental, regulatory or judicial authority or other Person alleging potential liability
or responsibility for violation of any Environmental Law, or for release of Hazardous Substances or injury to the environment.

 

“Environmental Laws”
means all present or future federal, state or local laws, statutes, common law duties, rules, regulations, ordinances and codes, together
with all administrative or judicial orders, consent agreements, directed duties, requests, licenses, authorizations and permits of, and
agreements with, any governmental authority, in each case relating to any matter arising out of or relating to public health and safety,
or pollution or protection of the environment or workplace, including any of the foregoing relating to the presence, use, production,
generation, handling, transport, treatment, storage, disposal, distribution, discharge, emission, release, threatened release, control
or cleanup of any Hazardous Substance.

 

“Enterprise Value”
means, as of any date of determination (or, with respect to restricted stock units and options, Funded Debt and cash and Cash Equivalent
Investments, as of the last day of the Fiscal Quarter most recently ended prior to such date of determination) (a) Equity Value plus
(b) all outstanding Funded Debt of Parent and its Subsidiaries minus (c) cash and Cash Equivalent Investments of Parent and its
Subsidiaries (other than restricted cash kept on the balance sheet of Excluded Subsidiaries consistent with past practice). For illustrative
purposes, set forth on Schedule 1.1 are reasonably detailed calculations demonstrating the Enterprise Value as of March 23, 2022, and
its components set forth in clauses (a), (b) and (c) above.

 

“Equity Value”
means, as of any date of determination (or, with respect to restricted stock units and options, as of the last day of the Fiscal Quarter
most recently ended prior to such date of determination), the product of (a) the number of issued and outstanding Equity Interests of
Parent (which for the purpose of this definition shall include all common shares, preferred shares, options and restricted stock units)
on a fully diluted basis using the treasury stock method multiplied by (b) the price of a share of Parent’s common stock, par value
$0.0001 per share as of the close of business of such date.

 

“Equity Interests”
means, with respect to any Person, all shares, interests, participations or other equivalents (however designated, whether voting or non-voting)
of that Person’s equity capital, whether now outstanding or issued or acquired after the Closing Date, including common shares,
preferred shares, membership interests in a limited liability company, limited or general partnership interests in a partnership, interests
in a trust, interests in other unincorporated organizations, or any other equivalent of any such ownership interest, but excluding, for
the avoidance of doubt, any Debt that is convertible into or exchangeable for any of the foregoing.

 

“Equity Issuance”
means either (a) the sale or issuance by any Loan Party or any of its Subsidiaries of any shares of its Equity Interests or (b) the receipt
by Borrower of any cash capital contributions.

 

“ERISA”
means the Employee Retirement Income Security Act of 1974.

 

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

 

“Even Earn-Out”
means the earn-out payment payable in either shares of common stock, par value $0.0001 per share, of Parent or Series A Convertible Preferred
Stock, par value $0.0001 per share, of Parent pursuant to the terms of the Even Acquisition Agreement.

 

    15

     

    

 

“Even Financial Acquisition”
means the acquisition of Even Financial Inc. by MoneyLion Inc., pursuant to that certain Agreement and Plan of Merger dated December 15,
2021, by and among MoneyLion Inc., Epsilon Merger Sub Inc., Even Financial Inc., and Fortis Advisors LLC, solely in its capacity as representative
of the equityholders of Even Financial Inc. (the “Even Acquisition Agreement”).

 

“Even Financial Dividend”
means dividends paid in cash by MoneyLion Inc. to (i) holders of the Series A Convertible Preferred Stock, par value $0.0001, of MoneyLion
Inc. pursuant to the Certificate of Designation filed immediately prior to, and issued upon, the consummation of the transactions contemplated
by the Even Financial Acquisition, as such Certificate of Designation is in effect on the Closing Date and (ii) participants in the MoneyLion
Inc. Preferred Share Dividend Replacement Program adopted concurrently with the consummation of the Even Financial Acquisition.

 

“Even Transaction
Expenses” means all fees, costs and expenses incurred in connection with the Even Financial Acquisition.

 

“Event of Default”
means any of the events described in Section 13.1.

 

“Excess Cash Flow”
means, for any period, the result of:

 

(a) EBITDA for that period,

 

minus

 

(b) the sum, without duplication,
of

 

(i) (A) scheduled
payments of principal of the Term Loans and other Funded Debt (other than (x) payments of revolving Debt that do not include a dollar-for-dollar
commitment reduction with respect to such Debt and (y) for the avoidance of doubt, any Excess Cash Flow payments made during such period
pursuant to Section 6.1.2(a)(v)) permitted under this Agreement and made during that period and (B) the amount of Net Cash Proceeds from
(x) any Asset Disposition pursuant to Section 11.4(ix) or (y) Extraordinary Receipts, in each case, to the extent such Net Cash Proceeds
are required to be used to prepay the Term Loans or are reinvested (or anticipated to be reinvested) in the business pursuant to Section
6.1.2(a)(i) or (iv), respectively, in each case, solely to the extent the receipt of such Net Cash Proceeds resulted in an increase to
Consolidated Net Income or EBITDA (and not in excess of the amount of such increase), plus

 

(ii) cash payments
permitted under this Agreement and made during that period with respect to any Capital Expenditures, Permitted Acquisitions and any Investments
made pursuant to Section 11.9(p) and/or (r), in each case, to the extent funded with Internally Generated Cash, plus

 

(iii) all income
taxes (or taxes from capital gains or profits) paid (or payable) in cash by the Loan Parties during (or with respect to) that period net
of refunds actually received in cash during that period, plus

 

(iv) Tax Distributions
paid (or payable) in cash during (or with respect to) such period, plus

 

(v) cash Interest
Expense of the Loan Parties during that period, plus

 

(vi) the positive
difference, if any, of working capital as of the end of that period over working capital as of the beginning of that period (provided
that cash and Cash Equivalent Investments shall be excluded in determining any such change in working capital for purposes of this clause
(vi)), plus

 

    16

     

    

 

(vii) the cash portion
paid (or payable) by the Company and its Subsidiaries during (or with respect to) such period of all cash items added back to EBITDA during
such period pursuant to clauses (b)(vi), (b)(vii), (b)(viii), (b)(x), (b)(xi), (b)(xiii), (b)(xv), and (b)(xvi) of the definition of EBITDA,
in each case, to the extent funded with Internally Generated Cash, plus

 

(viii) other overhead
and administrative fees, costs, and expenses of the Company incurred in the ordinary course of business and paid in cash during such period
to the extent permitted under Section 11.3 to the extent added back to EBITDA for such period, plus

 

(ix) payments in
respect of earn-out obligations permitted hereunder by the Loan Parties in connection with Permitted Acquisitions, plus

 

(x) net cash payments
made in connection with Hedging Agreements during such period; plus

 

(xi) an amount equal
to (A) all cash charges excluded in calculating Consolidated Net Income and (B) any non-cash item of gain or income included in calculating
Consolidated Net Income or EBITDA; plus

 

(xii) the positive
difference, if any, of the aggregate outstanding principal amount of originated loans funded with cash into haircut capital of Loan Parties
(i.e., excluding amounts funded with proceeds of warehouse lines or other financing) as of the end of that period over the aggregate outstanding
principal amount of originated loans funded with cash into haircut capital of Loan Parties (i.e., excluding amounts funded with proceeds
of warehouse lines or other financing) as of the beginning of that period, assuming a consistent advance rate from such warehouse lines
of 90% or higher (i.e., discount rate of 10% or lower);

 

plus

 

(c) the positive difference,
if any, of working capital as of the beginning of that period over working capital as of the end of that period (provided that cash and
Cash Equivalent Investments shall be excluded in determining any such change in working capital for purposes of this clause (c)).

 

“Excluded Deposit
Accounts” means (i) deposit accounts the balance of which consists exclusively of (A) withheld income taxes and federal, state
or local employment taxes required to be paid to the Internal Revenue Service or state or local government agencies with respect to employees
of any of the Loan Parties and their Subsidiaries and (B) amounts required to be paid over to an employee benefit plan pursuant to DOL
Reg. Sec. 2510.3 102 on behalf of or for the benefit of employees of any of the Loan Parties and their Subsidiaries; (ii) all segregated
deposit accounts constituting (and the balance of which consists solely of funds set aside in connection with) payroll accounts, trust
accounts, fiduciary accounts and accounts dedicated to the payment of accrued employee benefits, medical, dental and employee benefits
claims to employees of any of the Loan Parties and their Subsidiaries; (iii) other deposit accounts, excluding collection or primary operating
accounts, where the average daily balance thereof, calculated on a monthly basis, does not exceed $250,000, up to an aggregate amount
for all such deposit accounts not to exceed $750,000; (iv) any deposit account established as an escrow account (but only so long as such
account remains an escrow account); (v) any deposit account constituting a zero balance account and (vi) any deposit account with respect
to which, in the reasonable judgment of Administrative Agent, the burden or cost of providing a Guaranty shall be excessive in view of
the benefits to be obtained by the Lenders therefrom.

 

    17

     

    

 

“Excluded Subsidiary”
means any Subsidiary that is (a) not a wholly owned Subsidiary of a Loan Party, (b) prohibited or restricted by applicable Law or by contractual
obligations existing on the Closing Date (or, in the case of any Subsidiary acquired after the Closing Date, in existence at the time
of acquisition but not entered into in contemplation thereof) from guaranteeing the Obligations or if guaranteeing the Obligations (i)
would require governmental (including regulatory) consent, approval, license or authorization in order to provide such guarantee or (ii)
where the delivery of such guaranty or pledge, as applicable, would reasonably be expected to result in an adverse Tax consequence (including,
without limitation, as a result of the operation of Sections 245A and 956 of the Internal Revenue Code, taking into account any proposed
or final regulations issued thereunder, or any similar Law or regulation in any applicable jurisdiction (other than any de minimis consequences))
as reasonably determined by Administrative Agent in consultation with Borrower, (c) a Subsidiary with respect to which, in the reasonable
judgment of Administrative Agent, the burden or cost of providing a Guaranty shall be excessive in view of the benefits to be obtained
by the Lenders therefrom, (d) any SPV Financing Entity, (e) any Subsidiary that is a licensed broker-dealer, registered investment adviser
or licensed insurance broker and (f) MoneyLion of Malaysia SDN DHB.

 

“Excluded Taxes”
means any of the following Taxes imposed on or with respect to a Recipient or required to be withheld or deducted from a payment to a
Recipient: (a) Taxes imposed on or measured by net income (however denominated), franchise Taxes, and branch profits Taxes, in each case
imposed (i) in a jurisdiction in which the relevant recipient is organized, (ii) in a jurisdiction which the relevant recipient’s
principal office is located, (iii) in a jurisdiction in which the relevant recipient’s lending office (or branch) in respect of
which payments under this Agreement are made is located or (iv) that are Other Connection Taxes; (b) any withholding Taxes imposed under
FATCA; (c) in the case of a Lender, U.S. federal withholding Taxes imposed on amounts payable to or for the account of such Lender with
respect to an applicable interest in a Loan or Commitment pursuant to a law in effect on the date on which (i) such Lender changes its
lending office, except in each case to the extent that, pursuant to Section ‎7.6, amounts with respect
to such Taxes were payable either to such Lender’s assignor immediately before such Lender became a party hereto or to such
Lender immediately before it changed its lending office, and (d) Taxes attributable to such Recipient’s failure to comply with Section
‎7.6.4.

 

“Extraordinary Receipts”
means any cash in excess of $750,000 (in the case of clauses (b) (other than in respect of business interruption insurance) and (d) below)
and $3,000,000 (in the case of clauses (a), (b) (to the extent relating to business interruption insurance), (c), (e) and (f) below),
in each case, in any Fiscal Year received by or paid to or for the account of any Loan Party not in the ordinary course of business consisting
of (a) pension plan reversions, (b) proceeds of insurance, (c) judgments, proceeds of settlements or other consideration of any kind in
connection with any cause of action (other than with respect to reimbursement of third party claims), (d) condemnation awards (and
payments in lieu thereof), (e) indemnity payments (other than with respect to reimbursement of third party claims), (f) any purchase price
adjustment received in connection with any purchase, and (g) foreign, United States, state or local tax refunds to the extent not included
in the calculation of EBITDA.

 

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

 

    18

     

    

 

“Federal Funds Rate”
means, for any day, a fluctuating interest rate equal for each day during the applicable period to the weighted average of the rates on
overnight Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers, as published for that
day (or, if that day is not a Business Day, for the next preceding Business Day) by the Federal Reserve Bank of New York, or, if that
rate is not so published for any day which is a Business Day, the average of the quotations for that day on those transactions received
by Administrative Agent from three Federal funds brokers of recognized standing selected by Administrative Agent. Administrative Agent’s
determination of the Federal Funds Rate will be binding and conclusive absent manifest error.

 

“Financial Statements”
means that certain audited consolidated balance sheet, statement of operations, stockholders equity and cash flows for the fiscal year
ended December 31, 2020.

 

“Fiscal Quarter”
means a fiscal quarter of a Fiscal Year, which period is the 3-month period ending on the last day of each of March, June, September,
and December of each year.

 

“Fiscal Year”
means the fiscal year of the Company and its Subsidiaries, which period will be the 12-month period ending on the last day of December
of each year.

 

“Floor”
means a rate of interest equal to 1.00%.

 

“FRB” means
the Board of Governors of the Federal Reserve System or any successor thereto.

 

“Funded Debt”
means, as to any Person, all Debt of the type set forth in clauses (a), (b), (c), (d), (e), (f) (the amount of such Debt will be limited
to the extent of unreimbursed amounts thereunder), (i), (j) (excluding Debt of SPV Financing Entities of the type set forth in clause
(j)(x)) (in each case, only to the extent such Debt is characterized as debt or considered a liability under GAAP) and (k) of such
definition, and Contingent Liabilities with respect to each of the foregoing types of Debt. For the avoidance of doubt, in no event shall
Debt of an SPV Financing Entity of the type set forth in clause (j)(x) of “Debt” (even if such Debt would also constitute
Debt under another clause of the definition thereof) constitute Funded Debt.

 

“GAAP”
means generally accepted accounting principles set forth from time to time in the opinions and pronouncements of the Accounting Principles
Board and the American Institute of Certified Public Accountants and statements and pronouncements of the Financial Accounting Standards
Board (or agencies with similar functions of comparable stature and authority within the U.S. accounting profession) and the Securities
and Exchange Commission, which are applicable to the circumstances as of the date of determination.

 

“Guarantor”
means each Person that guarantees the Obligations of Borrower.

 

“Guaranty”
means each guaranty executed and delivered by any Guarantor, together with any joinders thereto and any other guaranty agreement executed
by a Guarantor, in each case in form and substance reasonably satisfactory to Administrative Agent. The Guaranty and Collateral Agreement
is a Guaranty.

 

“Guaranty and Collateral
Agreement” means the Guaranty and Collateral Agreement dated as of the date of this Agreement executed and delivered by each
Loan Party, together with any joinders thereto and any other guaranty and collateral agreement executed by a Loan Party, in each case
in form and substance reasonably satisfactory to Administrative Agent.

 

“Hazardous Substances”
means hazardous waste, hazardous substance, pollutant, contaminant, toxic substance, oil, hazardous material, chemical, or other substance
regulated by any Environmental Law.

 

    19

     

    

 

“Hedging Agreement”
means any interest rate, currency or commodity swap agreement, cap agreement, collar agreement, spot foreign exchange, forward foreign
exchange, foreign exchange option (or series of options) and any other agreement or arrangement designed to protect a Person against fluctuations
in interest rates, currency exchange rates or commodity prices.

 

“Hedging Obligation”
means, with respect to any Person, any liability of that Person under any Hedging Agreement determined (a) for any date on or after the
date that Hedging Agreement has been closed out and termination value determined in accordance therewith, using that termination value;
and (b) for any date prior to the date referenced in clause (a), using the amount determined as the mark-to-market value for that
Hedging Agreement, as determined based upon one or more mid-market or other readily available quotations provided by any recognized dealer
in that Hedging Agreement (which may include a Lender or any Affiliate of a Lender).

 

“Incremental Effective
Date” is defined in Section 2.1.2(a).

 

“Incremental Equivalent
Debt” is defined in Section 2.1.2(f).

 

“Incremental Facility
Amendment” is defined in Section 2.1.2(e).

 

“Incremental Facility
Request” is defined in Section 2.1.2(a).

 

“Incremental Facility”
is defined in Section 2.1.2(a).

 

“Incremental Loan”
is defined in Section 2.1.2(a).

 

“Incremental Term
Loan” is defined in Section 2.1.2(a).

 

“Incremental Term
Loan Commitment” is defined in Section 2.1.2(a).

 

“Indemnified Liabilities”
is defined in Section 15.17.

 

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

 

“Insolvency Proceeding”
means any case or proceeding commenced by or against a Person under any state, federal or foreign law for, or any agreement of a Person
to, (a) the entry of an order for relief under the Bankruptcy Code, or any other insolvency, debtor relief, or debt adjustment law; (b)
the appointment of a receiver, trustee, liquidator, administrator, conservator or other custodian for that Person or any part of its Property;
or (c) an assignment or trust mortgage for the benefit of creditors.

 

“Intellectual Property”
is defined in Section 9.21.

 

“Intellectual Property
Security Agreement” is used as defined in the Guaranty and Collateral Agreement.

 

“Intercompany Subordination
Agreement” means an Intercompany Subordination Agreement substantially in the form of Exhibit G.

 

“Interest Expense”
means, for any period, as determined in accordance with GAAP, the consolidated interest expense of the Company and its Subsidiaries for
that period (including all imputed interest on Capital Leases) in each case calculated net of interest income.

 

    20

     

    

 

“Interest Payment
Date” means as to any Loan, the last Business Day of each month and the Termination Date.

 

“Interest Period”
means, as to any Borrowing, the period commencing on the date of such Loan or Borrowing and ending on the numerically corresponding day
in the calendar month that is one or three months thereafter (in each case, subject to the availability thereof), as specified in the
applicable Notice of Borrowing or Notice of Conversion; 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, (iii) no
Interest Period shall extend beyond the Termination Date and (iv) no tenor that has been removed from this definition pursuant to Section
8.7.4 shall be available for specification in such Notice of Borrowing or Notice of Conversion. For purposes hereof, the date of a Loan
or Borrowing initially shall be the date on which such Loan or Borrowing is made and thereafter shall be the effective date of the most
recent conversion or continuation of such Loan or Borrowing.

 

“Internally Generated
Cash” means cash generated from the operations of the business of Borrower and its Subsidiaries; provided that, notwithstanding
the foregoing, “Internally Generated Cash” shall not include (i) the proceeds of any Debt (ii) the proceeds of any Equity
Issuance, (iii) the proceeds of any insurance, indemnification or other payments or (iv) the proceeds of any Extraordinary Receipts (including,
without limitation, any non-ordinary course tax refunds or returns).

 

“Investment”
means, with respect to any Person, any investment in another Person, whether by acquisition of any debt or Equity Interest, by making
any loan or advance, by becoming obligated with respect to a Contingent Liability in respect of obligations of that other Person (other
than travel and similar advances to employees in the ordinary course of business) or by making an Acquisition. The amount of any Investment
shall be the original cost of such Investment, plus the cost of any addition thereto that otherwise constitutes an Investment, without
any adjustments for increases or decreases in value, or write-ups, write-downs or write-offs with respect thereto, but giving effect to
any repayments of principal in the case of any Investment in the form of a loan and any return of capital or return on Investment in the
case of any equity Investment (whether as a distribution, dividend, redemption or sale).

 

“IRS” means
the United States Internal Revenue Service.

 

“Lender”
is defined in the introductory clause of this Agreement.

 

“Lender Party”
is defined in Section 15.17.

 

“Lien”
means, with respect to any Person, any interest granted by that Person in any real or personal property, asset, or other right owned or
being purchased or acquired by that Person (including an interest in respect of a Capital Lease) that secures payment or performance of
any obligation and includes any mortgage, lien, encumbrance, title retention lien, charge, or other security interest of any kind, whether
arising by contract, as a matter of law, by judicial process, or otherwise, provided that in no event shall an operating lease in and
of itself be deemed to constitute a Lien.

 

    21

     

    

 

“Liquidity”
means, as of any date of determination, (I) the sum of (x) Unrestricted Cash plus (y) Cash-in-Transit, minus (II) the unpaid
amount of any final non-appealable judgments or settlements (whether in respect of an action by a Governmental Authority, class action
or substantially similar claim or otherwise; and whether from a court or arbitration) or final non-appealable penalties or fines imposed
by a Governmental Authority (in each case, except to the extent covered by insurance (including D&O insurance) pursuant to which the
insurer has been notified within seven calendar days of such judgment, settlement, penalty or fine (and which Borrower believes in good
faith is covered by such insurance at the time of such notification) and has not denied coverage so long as that insurance is paid to
the applicable Loan Party within sixty (60) days of the rendering of those judgments, entering into of those settlements or imposition
of those penalties or fines).

 

“Loan”
or “Loans” means, as the context may require, any of the Term Loans.

 

“Loan Documents”
means this Agreement, the Notes, the Agent Fee Letter, each Collateral and Diligence Questionnaire, the Collateral Documents, and all
documents, instruments, and agreements delivered in connection with the foregoing, as any of the foregoing are amended or modified in
accordance with their respective terms.

 

“Loan Party”
means Borrower and each Guarantor.

 

“Malka Acquisition”
means that certain Membership Interest Purchase Agreement dated as of November 15, 2021, by and among, among others, MoneyLion Technologies
Inc. and Malka Media Group LLC.

 

“Malka Earn-Out”
means the earn-out payment payable in cash or shares of common stock, par value $0.0001 per share, of Parent, in the sole discretion of
Borrower, pursuant to the terms of the Malka Acquisition Agreement.

 

“Malka Make-Whole”
means those certain make-whole payments payable pursuant to Section 2.06(e) of the Malka Acquisition Agreement.

 

“Malka Transaction
Expenses” means all fees, costs and expenses incurred in connection with the Malka Acquisition Agreement.

 

“Margin Stock”
means any “margin stock” as defined in Regulation U.

 

“Material Adverse
Effect” means (a) a material adverse change in, or a material adverse effect upon, the financial condition, operations,
assets, business or properties of the Loan Parties taken as a whole, (b) a material impairment of the ability of any Loan Party to
perform any of the Obligations under any Loan Document, (c) a material adverse effect upon any substantial portion of the Collateral
under the Collateral Documents or upon the legality, validity, binding effect or enforceability against any Loan Party of any Loan Document,
or (d) a material impairment of the ability of Administrative Agent to enforce or collect any Obligations or to realize upon any material
portion of the Collateral.

 

“Monroe Capital”
is defined in the introductory clause of this Agreement.

 

“Mortgage”
means a mortgage, deed of trust, leasehold mortgage or similar instrument granting Administrative Agent a Lien on real property of any
Loan Party.

 

    22

     

    

 

“Mortgage-Related
Documents” means with respect to any real property subject to a Mortgage, the following, in form and substance reasonably satisfactory
to Administrative Agent: (a) a mortgagee title policy (or binder therefor) covering Administrative Agent’s interest under the Mortgage,
in a form and amount and by an insurer reasonably acceptable to Administrative Agent, which must be fully paid on that effective date;
(b) all assignments of leases, estoppel letters, attornment agreements, consents, waivers, and releases as Administrative Agent reasonably
requires with respect to other Persons having an interest in such real estate; (c) a current, as-built survey of the real property, containing
a metes-and-bounds property description and certified by a licensed surveyor reasonably acceptable to Administrative Agent; (d) a life-of-loan
flood hazard determination and, if such real property is located in a flood plain, an acknowledged notice to the applicable Loan Party
and flood insurance in an amount, with endorsements and by an insurer reasonably acceptable to Administrative Agent; (e) a current appraisal
of such real property, prepared by an appraiser reasonably acceptable to Administrative Agent, and in form and substance reasonably satisfactory
to Required Lenders; (f) copies of any existing Phase I or Phase II environmental site assessments in the possession of any Loan Party
with respect to such real property.

 

“Multiemployer Pension
Plan” means a multiemployer plan, as defined in Section 4001(a)(3) of ERISA, to which Borrower or any other member of the Controlled
Group contributes or has any liability, whether direct or indirect or absolute or contingent.

 

“Net Cash Proceeds”
means:

 

(a) with
respect to any Asset Disposition, the aggregate cash proceeds (including cash proceeds received pursuant to policies of insurance or by
way of deferred payment of principal pursuant to a note, installment receivable or otherwise, but only as and when received) received
by any Loan Party pursuant to that Asset Disposition net of (i) the direct costs relating to that sale, transfer or other disposition
(including sales commissions and legal, accounting and investment banking fees); (ii) taxes paid or reasonably estimated by Borrower to
be payable as a result thereof (after taking into account any available tax credits or deductions and any tax sharing arrangements); (iii)
amounts required to be applied to the repayment of any Debt secured by a Lien on the asset subject to that Asset Disposition (other than
the Loans); (iv) all amounts that are set aside as a reserve (A) for adjustments in respect of the purchase price of the applicable assets,
(B) amounts provided as a reserve against any liabilities under any indemnification obligation, (C) for any liabilities associated with
such sale or casualty, to the extent such reserve is required by GAAP, and (D) for the payment of unassumed liabilities relating to the
assets sold or otherwise disposed of at the time of, or within 30 days after, the date of such sale or other disposition; (v) in the case
of any Asset Disposition by any non-Wholly-Owned Subsidiary, the pro rata portion of the Net Cash Proceeds thereof (calculated without
regard to this clause (v)) attributable to any minority interest and not available for distribution to or for the account of the applicable
Borrower or a Wholly-Owned Subsidiary as a result thereof; and (vi) in the case of a Subsidiary that is not a Loan Party, payment of the
outstanding principal amount of, premium or penalty, if any, and interest and other amounts on any Debt (other than the Loans) permitted
to be repaid hereunder that is required to be repaid or otherwise comes due or would be in default under the terms thereof as a result
of such Asset Disposition;

 

(b) with
respect to any issuance of Equity Interests, the aggregate cash proceeds received by any Loan Party pursuant to that issuance, net of
the direct costs relating to that issuance (including sales and underwriters’ commissions and provisions for taxes); and

 

(c) with
respect to any issuance of Debt, the aggregate cash proceeds received by any Loan Party pursuant to that issuance, net of the direct costs
of that issuance (including up-front, underwriters’ and placement fees, any other fees and expenses incurred in connection therewith
and provision for taxes in connection therewith).

 

“Non-Consenting Lender”
is defined in Section 15.1(k).

 

“Non-U.S. Lender”
is defined in Section 7.6.4.

 

    23

     

    

 

“Note”
means a promissory note substantially in the form of Exhibit A.

 

“Notice of Borrowing”
is defined in Section 2.2.2(a).

 

“Notice of Conversion”
is defined in Section 2.2.3(b).

 

“Obligations”
means all obligations (monetary (including post-petition interest, allowed or not) or otherwise) of any Loan Party under this Agreement
and any other Loan Document, including Attorney Costs, all in each case howsoever created, arising or evidenced, whether direct or indirect,
absolute or contingent, now or hereafter existing, or due or to become due.

 

“OFAC”
is defined in Section 9.30.

 

“Operating Lease”
means any lease of (or other agreement conveying the right to use) any real or personal property by any Loan Party, as lessee, other than
any Capital Lease.

 

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

 

“Other Taxes”
means any and all present or future stamp or documentary taxes or any other excise or property taxes, charges or similar levies, arising
from any payment made under this Agreement or from the execution, delivery or enforcement of, or otherwise with respect to any Loan Document,
except any such Taxes that are Other Connection Taxes imposed with respect to an assignment.

 

“Parent”
means MoneyLion Inc., which directly owns 100% of the outstanding Equity Interests of Borrower.

 

“Participant”
is defined in Section 15.6.2.

 

“Patriot Act”
is defined in Section 15.16.

 

“Payment in Full”
means (a) the payment in full in cash of all Loans and other Obligations, other than contingent indemnification obligations for which
no claims have been asserted; (b) the termination of all Commitments; and (c) the release of any claims of the Loan Parties
against Administrative Agent and Lenders arising on or before the payment date.

 

“PBGC”
means the Pension Benefit Guaranty Corporation and any entity succeeding to any or all of its functions under ERISA.

 

“Pension Plan”
means a “pension plan,” as that term is defined in Section 3(2) of ERISA, which is subject to Title IV of ERISA or the minimum
funding standards of Section 302 of ERISA (other than a Multiemployer Pension Plan), and as to which Borrower, any Subsidiary of Borrower
or any member of Borrower’s Controlled Group, has any liability, whether direct or indirect or absolute or contingent, including
any liability by reason of having been a substantial employer within the meaning of Section 4063 of ERISA at any time during the preceding
five years, or by reason of being deemed to be a contributing sponsor under Section 4069 of ERISA.

 

    24

     

    

 

“Periodic Term SOFR
Determination Day” has the meaning specified in the definition of “Term SOFR”.

 

“Permitted Acquisition”
means (x) the Even Financial Acquisition and (y) any other Acquisition by Borrower or any of its Subsidiaries that, in the case of this
clause (y) satisfies the following terms:

 

(a)  the
business, division or assets acquired are for use, or the Person acquired is engaged, in a line of business permitted by Section 11.8;

 

(b)  immediately
before and after giving effect to that Acquisition, no Event of Default exists;

 

(c)  the
aggregate upfront consideration (cash and non-cash) to be paid by the Loan Parties or their Subsidiaries (including any Debt assumed or
issued in connection therewith, the maximum amount payable in connection with any deferred purchase price obligation (including any earn-out
obligation) (as estimated by Borrower in good faith) and the value of any upfront Equity Interests of any Loan Party issued to the seller
in connection with that Acquisition) in connection with that Acquisition is less than $50,000,000 (unless otherwise waived in writing
by Administrative Agent in its sole discretion) except to the extent funded with the Net Cash Proceeds of an Equity Issuance (other than
issuance of Disqualified Equity Interests), in each case to the extent such Net Cash Proceeds do not constitute Curative Equity; provided
that any earn-out obligations incurred by any Loan Party or its Subsidiaries in connection with a Permitted Acquisition shall be subordinated
to the Obligations pursuant to terms reasonably satisfactory to Administrative Agent;

 

(d)  immediately
after giving effect to that Acquisition, Borrower is in pro forma compliance with all the financial covenants set forth in Section 11.12
(recomputed for the most recent Fiscal Quarter for which financial statements have been delivered);

 

(e)  in
the case of the Acquisition of any Person, the board of directors or similar governing body of that Person has approved that Acquisition;

 

(f)  not
less than ten (10) Business Days prior to that Acquisition (or any later date approved by Administrative Agent in its reasonable discretion),
Administrative Agent has received an acquisition summary with respect to the Person and/or business, division or assets to be acquired,
which summary must include a reasonably detailed description thereof (including financial information) and operating results (including
financial statements for the most recent 12 month period for which they are available), the material terms and conditions, including economic
terms, of the proposed Acquisition, and Borrower’s calculation of pro forma EBITDA relating thereto; provided that Borrower
may update, supplement or amend documents provided under this clause (f) (and any such update, supplement or amendment shall be deemed
not to restart such ten (10) Business Day period);

 

(g)  not
less than five (5) Business Days prior to that Acquisition (or any later date approved by Administrative Agent in its reasonable discretion),
Administrative Agent has received substantially complete drafts of each material document, instrument and agreement to be executed in
connection with that Acquisition and prior to consummation of a Permitted Acquisition Administrative Agent has received executed versions
of such material documents, instruments and agreements;

 

    25

     

    

 

(h)  Borrower’s
computation of pro forma EBITDA is satisfactory to Administrative Agent;

 

(i)  unless
otherwise waived in writing by Administrative Agent, the business, division, assets or Person acquired generated EBITDA (calculated in
a manner reasonably acceptable to Administrative Agent) for the four consecutive Fiscal Quarters most recently ended prior to that Acquisition
of no less than ($15,000,000) on a stand-alone basis for any single Acquisition (and ($40,000,000) in the aggregate for all such Acquisitions);

 

(j)  the
definitive documents for such Acquisition shall not prohibit the collateral assignment of rights and indemnities under the related acquisition
documents or material contracts and agreements of the target in favor of Administrative Agent;

 

(k)  to
the extent required pursuant to the terms thereof, the provisions of Section 10.10 have been satisfied (or will be satisfied within 30
days after the date of consummation of such Acquisition (or such other date as agreed by Administrative Agent in its sole discretion));
and

 

(l)  Borrower
has provided Administrative Agent with all available business, financial, environmental, accounting, legal and other due diligence materials,
reports and memoranda, including insurance reports and like third party professional reports, and any other information with respect to
that Acquisition reasonably requested by Administrative Agent.

 

“Permitted Asset
Disposition” means an Asset Disposition involving (a) the sale or lease of inventory in the ordinary course of business; (b)
any sale, lease, assignment, disposition, or other transfer for value between or among Loan Parties or (c) liquidation of Cash Equivalent
Investments into cash in the ordinary course of business.

 

“Permitted Bond Hedge
Transaction” means any call or capped call option (or substantively equivalent derivative transaction) relating to Parent’s
common stock (or other securities or property following a merger event, reclassification or other change of the common stock of Parent)
purchased by Parent in connection with the issuance of any Permitted Convertible Debt and settled in common stock of Parent (or such other
securities or property), cash or a combination thereof (such amount of cash determined by reference to the price of Parent’s common
stock or such other securities or property) and cash in lieu of fractional shares.

 

“Permitted Convertible
Debt” means senior, unsecured Debt of Parent that is convertible into shares of common stock of Parent (or other securities
or property following a merger event, reclassification or other change of the common stock of Parent), cash or a combination thereof (such
amount of cash determined by reference to the price of Parent’s common stock or such other securities or property) and cash in lieu
of any fractional shares, provided that such Permitted Convertible Debt has customary market terms for capital markets convertible indebtedness.

 

“Permitted Lien”
means a Lien expressly permitted under this Agreement pursuant to Section 11.2.

 

“Permitted Parent
Debt” means unsecured Debt of Parent (A) that is not subject to any guarantee by any Subsidiary of Parent, (B) that will not
mature until after the latest maturity date in effect with respect to the Loans on the date of issuance or incurrence thereof, (C) that
is not subject to mandatory redemption, mandatory amortization, repurchase, prepayment or sinking fund obligation (other than customary
offers to repurchase and prepayment events upon a change of control, asset sale or event of loss and a customary acceleration right after
an event of default) prior to ninety-one (91) days after such latest maturity date (it being understood that such Debt may have mandatory
prepayment, repurchase or redemption provisions satisfying the requirements of clause (D) below prior to such date), (D) that does not
require any payments in cash of interest or other amounts in respect of the principal thereof prior to a date that is ninety-one (91)
days after the latest maturity date in effect with respect to the Loans on the date of such issuance or incurrence, (E) that has covenant,
default and remedy provisions no more restrictive (taken as a whole) than those set forth in this Agreement (taken as a whole) (except
in a manner customary for holding company debt securities, including senior discount notes) (in each case as determined by Borrower in
good faith) and (F) Permitted Convertible Debt.

 

    26

     

    

 

“Permitted Warrant
Transaction” means any call option, warrant or right to purchase (or substantively equivalent derivative transaction) relating
to Parent’s common stock (or other securities or property following a merger event, reclassification or other change of the common
stock of Parent) sold by Parent substantially concurrently with any purchase by Parent of a Permitted Bond Hedge Transaction and settled
in common stock of Parent (or such other securities or property), cash or a combination thereof (such amount of cash determined by reference
to the price of Parent’s common stock or such other securities or property) and cash in lieu of fractional shares.

 

“Person”
means any natural person, corporation, partnership, trust, limited liability company, association, governmental authority or unit, or
any other entity, whether acting in an individual, fiduciary or other capacity.

 

“Prepayment Percentage”
is defined in Section 5.2.

 

“Prime Rate”
means, for any day, the rate of interest in effect for that day equal to the prime rate in the United States as reported from time to
time by Bloomberg L.P. (or other authoritative source selected by Administrative Agent in its reasonable discretion), or as Prime
Rate is otherwise determined by Administrative Agent in its sole and absolute discretion. Administrative Agent’s determination of
the Prime Rate will be conclusive, absent manifest error. Any change in the Prime Rate will take effect at the opening of business on
the day of that change. In the event Bloomberg L.P. (or any other authoritative source) publishes a range of “prime rates,”
the Prime Rate will be the highest of the “prime rates.”

 

“Proceeding”
means any investigation, inquiry, litigation, review, hearing, suit, claim, audit, arbitration, proceeding or action (in each case, whether
civil, criminal, administrative, investigative or informal) commenced, brought, conducted or heard by or before, or otherwise involving,
any governmental authority or arbitrator.

 

“Pro Rata Share”

 

(a)  with
respect to a Lender’s obligation to make a Term A-1 Loan and receive payments of interest, fees, and principal with respect thereto,
(i) prior to the Term A-1 Loan Commitment being terminated or reduced to zero, the percentage obtained by dividing (A) that Lender’s
Term A-1 Loan Commitment plus the unpaid principal amount of that Lender’s Term A-1 Loans, by (B) the aggregate Term A-1 Loan Commitment
of all Lenders plus the unpaid principal amount of all Term A-1 Loans of all Lenders; and (ii) from and after the time the Term A-1 Loan
Commitment has been terminated or reduced to zero, the percentage obtained by dividing (A) the aggregate unpaid principal amount of that
Lender’s Term A-1 Loans by (B) the aggregate unpaid principal amount of all Term A-1 Loans;

 

(b)  with
respect to a Lender’s obligation to make a Term A-2 Loan and receive payments of interest, fees, and principal with respect thereto,
(i) prior to the Term A-2 Loan Commitment being terminated or reduced to zero, the percentage obtained by dividing (A) that Lender’s
Term A-2 Loan Commitment plus the unpaid principal amount of that Lender’s Term A-2 Loans, by (B) the aggregate Term A-2 Loan Commitment
of all Lenders plus the unpaid principal amount of all Term A-2 Loans of all Lenders; and (ii) from and after the time the Term A-2 Loan
Commitment has been terminated or reduced to zero, the percentage obtained by dividing (A) the aggregate unpaid principal amount of that
Lender’s Term A-2 Loans by (B) the aggregate unpaid principal amount of all Term A-2 Loans;

 

    27

     

    

 

(c)  with
respect to a Lender’s obligation to make Term B Loans and receive payments of interest, fees, and principal with respect thereto,
(i) prior to the Term B Loan Commitment being terminated or reduced to zero, the percentage obtained by dividing (A) that Lender’s
Term B Loan Commitment plus the unpaid principal amount of that Lender’s Term B Loans, by (B) the aggregate Term B Loan Commitment
of all Lenders plus the unpaid principal amount of all Term B Loans of all Lenders; and (ii) from and after the time the Term B Loan
Commitment has been terminated or reduced to zero, the percentage obtained by dividing (A) the aggregate unpaid principal amount of that
Lender’s Term B Loans by (B) the aggregate unpaid principal amount of all Term B Loans; and

 

(d)  with
respect to all other matters as to a particular Lender, (i) prior to the time that the Commitments have been terminated or reduced to
zero, the percentage obtained by dividing (A) that Lender’s Term A-1 Loan Commitment plus the aggregate unpaid principal amount
of that Lender’s A-1 Loans plus that Lender’s Term A-2 Loan Commitment plus the aggregate unpaid principal amount of that
Lender’s A-2 Loans plus that Lender’s Term B Loan Commitment plus the aggregate unpaid principal amount of that Lender’s
Term B Loans, by (B) the Term A-1 Loan Commitment of all Lenders plus the aggregate unpaid principal amount all Term A-1 Loans of all
Lenders plus the Term A-2 Loan Commitment of all Lenders plus the aggregate unpaid principal amount all Term A-2 Loans of all Lenders
plus the aggregate Term B Loan Commitment of all Lenders plus the aggregate unpaid principal amount all Term B Loans of all Lenders; and
(ii) if the Commitments have been terminated or reduced to zero, the percentage obtained by dividing (A) the aggregate unpaid principal
amount of that Lender’s Term A-1 Loans plus the aggregate unpaid principal amount of that Lender’s Term A-2 Loans plus the
aggregate unpaid principal amount of that Lender’s Term B Loans by (B) the aggregate unpaid principal amount of all Term A-1 Loans
of all Lenders plus the aggregate unpaid principal amount of all Term A-2 Loans of all Lenders plus the aggregate unpaid principal amount
of all Term B Loans of all Lenders.

 

“Protective Advances”
is defined in Section 14.15.

 

“Recipient”
means (a) the Administrative Agent and (b) any Lender, as applicable.

 

“Regulation D”
means Regulation D of the FRB.

 

“Regulation U”
means Regulation U of the FRB.

 

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

 

“Reportable Event”
means a reportable event as defined in Section 4043 of ERISA and the regulations issued thereunder as to which the PBGC has not waived
the notification requirement of Section 4043(a), or the failure of a Pension Plan to meet the minimum funding standards of Section 412
of the Code or under Section 302 of ERISA.

 

“Required Lenders”
means, at any time, Lenders whose Pro Rata Shares exceed 50% as determined pursuant to clause (d) of the definition of “Pro
Rata Share”; provided that the Pro Rata Shares held or deemed held by, any Defaulting Lender will be excluded for purposes of making
a determination of Required Lenders.

 

    28

     

    

 

“SEC” means
the Securities and Exchange Commission or any other governmental authority succeeding to any of the principal functions thereof.

 

“Second Lien Loan”
means the “Term Loans” under and as defined in the Second Lien Loan and Security Agreement.

 

“Second Lien Loan
and Security Agreement” means that certain Loan and Security Agreement, dated as of April 17, 2020, entered into between MoneyLion
Technologies Inc. (f/k/a MoneyLion Inc.), ML Plus LLC, as co-borrower, each lender thereto, and Monroe Capital, as collateral agent and
as administrative agent.

 

“Senior Officer”
means, with respect to any Loan Party, any of the president, chief executive officer or the chief financial officer of that Loan Party.

 

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

 

“SOFR Administrator”
means the Federal Reserve Bank of New York (or a successor administrator of the secured overnight financing rate).

 

“SOFR Borrowing”
means, as to any Borrowing, the SOFR Loans comprising such Borrowing.

 

“SOFR Loan”
means a Loan that bears interest at a rate based on Adjusted Term SOFR, other than pursuant to clause (c) of the definition of “Base
Rate”.

 

“SPV Financing Entity”
means a Subsidiary of Borrower which (a) is a “special purpose vehicle” or similar entity which is or was formed or acquired
for purposes of (i) acquiring consumer loans and/or membership fees or similar periodic membership receivables, and/or (ii) obtaining
related financing or equity investments from lenders or equity investors, as applicable; (b) issues promissory notes or similar evidences
of indebtedness to lenders or investors in connection with consumer loans and/or membership receivables acquired by such Subsidiary or
an Affiliate of such Subsidiary; and/or (c) acquires consumer loans and/or membership receivables and transfers all or a portion of such
consumer loans and/or membership receivables to another Subsidiary that is special purpose vehicle and a trust.

 

“Subordination Agreement”
means any subordination, intercreditor, or other similar agreement in form and substance satisfactory to Administrative Agent.

 

“Subordinated Debt”
means Debt subject to a Subordination Agreement.

 

“Subsidiary”
means, with respect to any Person, a corporation, partnership, limited liability company, or other entity of which that Person owns, directly
or indirectly, outstanding Equity Interests having more than 50% of the ordinary voting power for the election of directors or other managers
of that corporation, partnership, limited liability company, or other entity. Unless the context otherwise requires, each reference to
Subsidiaries in this Agreement refers to Subsidiaries of Parent.

 

“Tax Distributions”
means for any taxable period in which Borrower is a member of a consolidated, combined, unitary or similar income tax group of which a
direct or indirect parent of Borrower is Parent (“Tax Group”), distributions by Borrower or any Subsidiary of Borrower
in amounts necessary to enable Parent to pay federal, foreign, state, territorial and local income Taxes and franchise Taxes imposed in
lieu of income Taxes of such Tax Group that are attributable to the taxable income of each Borrower and/or any Subsidiary, as applicable,
in respect of consolidated, combined, unitary or similar returns for the relevant jurisdiction of Parent that include such Borrower and/or
any Subsidiaries attributable to Borrower and/or any Subsidiary, as applicable; provided that, with respect to such payments on account
of income Taxes, such payments shall not exceed the income tax liability of Borrower and/or its applicable Subsidiaries, if such Borrower
and/or such Subsidiaries had been a stand-alone corporate taxpayer or a consolidated, combined, unitary or affiliated group that consists
solely of Borrower and such Subsidiaries for all relevant taxable periods.

 

    29

     

    

 

“Taxes”
means any and all present and future taxes, duties, levies, imposts, deductions, assessments, charges, similar fees or withholdings (including
backup withholdings) imposed under applicable law and/or by any governmental authority that are in the nature of a tax, and any and all
liabilities (including interest and penalties and other additions to taxes) with respect to any of the foregoing.

 

“Term A-1 Loan Commitment”
means, as to any Lender, that Lender’s commitment to make Term A-1 Loans under this Agreement. The amount of each Lender’s
Term A-1 Loan Commitment is set forth on Annex A. The initial aggregate amount of the Term A-1 Loan Commitments of all Lenders is $70,000,000.

 

“Term A-1 Loan”
is defined in Section 2.1.2(a).

 

“Term A-2 Interest
Rate” means, for any given day, the greater of (a) 12%, and (b) a fluctuating rate of interest per annum equal to the Prime
Rate plus 5.75%, but shall not exceed 15%. Any change in the Term Loan Interest Rate due to a change in the Prime Rate shall be effective
from and including the effective day of such change in the Prime Rate.

 

“Term A-2 Lender”
means any Lender with a Term A-2 Loan Commitment or a Term A-2 Loan.

 

“Term A-2 Loan Commitment”
means, as to any Lender, that Lender’s commitment to make Term A-2 Loans under this Agreement. The amount of each Lender’s
Term A-2 Loan Commitment is set forth on Annex A. The initial aggregate amount of the Term A-2 Loan Commitments of all Lenders is $20,000,000.

 

“Term A-2 Loan”
is defined in Section 2.1.2(a).

 

“Term A-2 Termination
Date” means May 1, 2023.

 

“Term B Loan Availability
Period” means the period (i) beginning on and including the day after the Closing Date and (ii) ending on and including the
date that is eighteenth (18) months after the Closing Date.

 

“Term B Loan Commitment”
means, as to any Lender, that Lender’s commitment to make Term B Loans under this Agreement. The amount of each Lender’s Term
B Loan Commitment is set forth on Annex A. The initial aggregate amount of the Term B Loan Commitments of all Lenders is $20,000,000.

 

“Term B Loan”
is defined in Section 2.1.2(b).

 

“Term Loan”
means, as the context may require, any Term A-1 Loans, Term A-2 Loans and/or any Term B Loan and, if applicable, any Incremental Term
Loan.

 

    30

     

    

 

“Term SOFR”
means,

 

(a)  for
any calculation with respect to a SOFR Loan, the Term SOFR Reference Rate for a tenor comparable to the applicable Interest Period on
the day (such day, the “Periodic Term SOFR Determination Day”) that is two (2) U.S. Government Securities Business Days prior
to the first day of such Interest Period, as such rate is published by the Term SOFR Administrator; provided, however, that if as of 4:00
p.m. (Chicago time) on any Periodic Term SOFR Determination Day the Term SOFR Reference Rate for the applicable tenor has not been published
by the Term SOFR Administrator and a Benchmark Replacement Date with respect to the Term SOFR Reference Rate has not occurred, then Term
SOFR will be the Term SOFR Reference Rate for such tenor as published by the Term SOFR Administrator on the first preceding U.S. Government
Securities Business Day for which such Term SOFR Reference Rate for such tenor was published by the Term SOFR Administrator so long as
such first preceding U.S. Government Securities Business Day is not more than three (3) U.S. Government Securities Business Days prior
to such Periodic Term SOFR Determination Day, and

 

(b)  for
any calculation with respect to an Base Rate Loan on any day, the Term SOFR Reference Rate for a tenor of one month on the day (such day,
the “Base Rate Term SOFR Determination Day”) that is two (2) U.S. Government Securities Business Days prior to such day, as
such rate is published by the Term SOFR Administrator; provided, however, that if as of 4:00 p.m. (Chicago time) on any Base Rate Term
SOFR Determination Day the Term SOFR Reference Rate for the applicable tenor has not been published by the Term SOFR Administrator and
a Benchmark Replacement Date with respect to the Term SOFR Reference Rate has not occurred, then Term SOFR will be the Term SOFR Reference
Rate for such tenor as published by the Term SOFR Administrator on the first preceding U.S. Government Securities Business Day for which
such Term SOFR Reference Rate for such tenor was published by the Term SOFR Administrator so long as such first preceding U.S. Government
Securities Business Day is not more than three (3) U.S. Government Securities Business Days prior to such Base Rate SOFR Determination
Day.

 

“Term SOFR Adjustment”
means, for any calculation with respect to a Base Rate Loan or a SOFR Loan, a percentage per annum equal to the percentage set forth below
for the applicable Type of such Loan and (if applicable) Interest Period therefor:

 

Base Rate Loans:
0.11448%

 

SOFR Loans:

 

	Interest Period	 	Percentage	 
	One month	 	 	0.11448	%
	Three months	 	 	0.26161	%

 

“Term SOFR Administrator”
means CME Group Benchmark Administration Limited (CBA) (or a successor administrator of the Term SOFR Reference Rate selected by Administrative
Agent in its reasonable discretion).

 

“Term SOFR Reference
Rate” means the forward-looking term rate based on SOFR.

 

“Termination Date”
means the earliest to occur of (a) March 24, 2026 or (b) any other date on which the Loans are required to be paid in full pursuant
to Section 6 or Section 13.

 

    31

     

    

 

“Termination Event”
means, with respect to a Pension Plan that is subject to Title IV of ERISA, the following: (a) a Reportable Event; (b) the withdrawal
of Borrower or any other member of the Controlled Group from that Pension Plan during a plan year in which that Borrower or other member
of the Controlled Group was a “substantial employer” as defined in Section 4001(a)(2) of ERISA; (c) the termination of that
Pension Plan, the filing of a notice of intent to terminate the Pension Plan or the treatment of an amendment of that Pension Plan as
a termination under Section 4041 of ERISA; (d) the institution by the PBGC of proceedings to terminate that Pension Plan; or (e) any event
or condition that could reasonably constitute grounds under Section 4042 of ERISA for the termination of, or appointment of a trustee
to administer, that Pension Plan.

 

“Threshold Amount”
means $30,000,000.

 

“Threshold Percentage”
means 10.0%.

 

“Total Debt”
means, as of any date of determination, all Funded Debt of the Company and its Subsidiaries as of such date, determined on a consolidated
basis in accordance with GAAP.

 

“Total Debt to EBITDA
Ratio” means, as of the last day of any Fiscal Quarter, the ratio of (a) Total Debt as of that day minus the lesser of (i) Unrestricted
Cash and (ii) $5,000,000 to (b) EBITDA for the Computation Period ending on that day.

 

“Total Plan Liability”
means, at any time, the present value of all vested and unvested accrued benefits under all Pension Plans, determined as of the then most
recent valuation date for each Pension Plan, using PBGC actuarial assumptions for single-employer plan terminations.

 

“Treasury Rate”
means, as of any prepayment date, the yield to maturity as of such prepayment date 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 prepayment date (or, if such Statistical Release is no longer published, any publicly available
source of similar market data)) most nearly equal to the period from the prepayment date to the date that is 12 months after the Closing
Date; provided, however, that if the period from the prepayment date to the date that is 12 months after the Closing Date
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 the weekly average yield on actually traded United States Treasury securities adjusted to a constant maturity of one year shall
be used.

 

“Type”
is defined in Section 2.2.1.

 

“UCC” means
the Uniform Commercial Code as in effect from time to time in the State of New York.

 

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

 

“Unfunded Liability”
means the amount (if any) by which the present value of all vested and unvested accrued benefits under all Pension Plans exceeds the fair
market value of all assets allocable to those benefits, all determined as of the then most recent valuation date for each Pension Plan,
using PBGC actuarial assumptions for single employer plan terminations.

 

“Unrestricted Cash”
means, as of any date of determination, the aggregate amount of unrestricted cash on-hand and Cash Equivalent Investments of the Company
and its Subsidiaries, maintained in deposit accounts in the United States in the name of a Loan Party, which deposit accounts are subject
to Control Agreements.

 

    32

     

    

 

“U.S. Government
Securities Business Day” means any day except for (a) a Saturday, (b) a Sunday or (c) 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

 

“Weighted Average
Life to Maturity” means, when applied to any Debt at any date, the number of years obtained by dividing: (a) the sum of the
products obtained by multiplying (i) the amount of each then remaining installment, sinking fund, serial maturity or other required scheduled
payments of principal, including payment at final maturity, in respect thereof by (ii) the number of years (calculated to the nearest
one-twelfth) that will elapse between such date and the making of such payment; by (b) the then outstanding principal amount of such Debt;
provided that the effect of (x) any prepayment made in respect of such Debt shall be disregarded in making such calculation and (y) any
“AHYDO catch-up” payment that may be required to be made in respect of such Debt shall be disregarded in making such calculation.

 

“Wholly-Owned Subsidiary”
means, as to any Person, a Subsidiary all of the Equity Interests of which (except directors’ qualifying Equity Interests) are at
the time directly or indirectly owned by that Person and/or another Wholly-Owned Subsidiary of that Person. Unless the context otherwise
requires, each reference to Wholly-Owned Subsidiaries refers to Wholly-Owned Subsidiaries of the Company.

 

“Withholding Certificate”
is defined in Section 7.6.4.

 

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

 

1.2  Certain
Interpretive Provisions.

 

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

 

(b)  Section,
Annex, Schedule and Exhibit references are to this Agreement unless otherwise specified.

 

(c)  The
term “including” is not limiting and means “including without limitation.”

 

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

 

(e)  Unless
otherwise expressly provided in this Agreement, (i) references to agreements (including this Agreement and the other Loan Documents)
and other contractual instruments include all subsequent amendments, restatements, supplements, and other modifications thereto, but only
to the extent that those amendments, restatements, supplements, and other modifications are not prohibited by the terms of any Loan Document,
and (ii) references to any statute or regulation are to be construed as including all statutory and regulatory provisions amending,
replacing, supplementing, or interpreting that statute or regulation.

 

    33

     

    

 

(f)  This
Agreement and the other Loan Documents may use several different limitations, tests, or measurements to regulate the same or similar matters.
All such limitations, tests, and measurements are cumulative and each is to be performed in accordance with its terms.

 

(g)  This
Agreement and the other Loan Documents are the result of negotiations among and have been reviewed by counsel to Administrative Agent,
Borrower, the Lenders, and the other parties thereto and are the products of all parties. Accordingly, they are not to be construed against
Administrative Agent or the Lenders merely because of Administrative Agent’s or Lenders’ involvement in their preparation.

 

(h)  If
any delivery due date specified in Section 10.1 for the delivery of reports, certificates, and other information required
to be delivered pursuant to Section 10.1 falls on a day which is not a Business Day, then that due date will be extended to
the immediately following Business Day.

 

(i)  A
Default or Event of Default will be deemed to exist at all times during the period commencing on the date that Default or Event of Default
occurs to the date on which that Default or Event of Default is waived in writing pursuant to this Agreement or, in the case of a Default,
is cured within any period of cure expressly provided for in this Agreement, and an Event of Default will “continue” or be
“continuing” until that Event of Default has been waived in writing by the Required Lenders.

 

(j)  Unless
the context requires otherwise, the words “permitted” shall be construed to also refer to actions or undertakings that are
“not prohibited”.

 

(k)  For
purposes of determining compliance with the financial covenants set forth in Section 11.12, (i) all revenues of Malka Media Group LLC
and its Subsidiaries prior to November 15, 2021 and (ii) all revenues of Even Financial Inc. and its Subsidiaries prior to February 17,
2022, shall be excluded.

 

1.3  Accounting
and Other Terms.

 

(a)  Unless
otherwise expressly provided in this Agreement, each accounting term used in this Agreement has the meaning given it under GAAP applied
on a basis consistent with those used in preparing the Financial Statements and using the same inventory valuation method as used in the
Financial Statements, except for any change required or permitted by GAAP if Borrower’s certified public accountants concur in that
change, the change is disclosed to Administrative Agent, and Section 11.12 is amended in a manner satisfactory to Administrative
Agent to take into account the effects of the change.

 

(b)  If
at any time any change in GAAP would affect the computation of any financial ratio or requirement set forth in any Loan Document, and
either Borrower or the Required Lenders shall so request, Administrative Agent, the Lenders and Borrower shall negotiate in good faith
to amend such ratio or requirement to preserve the original intent thereof in light of such change in GAAP (subject to the approval of
the Required Lenders); provided that, until so amended, (A) such ratio or requirement shall continue to be computed in accordance with
GAAP prior to such change therein and (B) Borrower shall provide to Administrative Agent and the Lenders financial statements and other
documents required under this Agreement or as reasonably requested hereunder setting forth a reconciliation between calculations of such
ratio or requirement made before and after giving effect to such change in GAAP. Notwithstanding the foregoing, any lease treated as an
Operating Lease on the date it is entered into shall continue to be treated as an operating lease during the term of this Agreement notwithstanding
a change in the treatment thereof to a Capital Lease in accordance with any change in GAAP.

 

(c)  All
terms used in this Agreement which are defined in Article 8 or Article 9 of the UCC and which are not otherwise defined in this Agreement
have the same meanings in this Agreement as set forth therein, except that terms used in this Agreement which are defined in the UCC as
in effect in the State of New York on the date of this Agreement will continue to have the same meaning notwithstanding any replacement
or amendment of that statute except as Administrative Agent may otherwise determine.

 

    34

     

    

 

(d)  The
Administrative Agent does not warrant or accept responsibility for, and shall not have any liability with respect to (a) the continuation
of, administration of, submission of, calculation of or any other matter related to Base Rate, the Term SOFR Reference Rate, Adjusted
Term SOFR or Term SOFR, or any component definition thereof or rates referred to in the definition thereof, or any alternative, successor
or replacement rate thereto (including any Benchmark Replacement), including whether the composition or characteristics of any such alternative,
successor or replacement rate (including any Benchmark Replacement) will be similar to, or produce the same value or economic equivalence
of, or have the same volume or liquidity as, Base Rate, the Term SOFR Reference Rate, Adjusted Term SOFR, Term SOFR or any other Benchmark
prior to its discontinuance or unavailability, or (b) the effect, implementation or composition of any Conforming Changes. The Administrative
Agent and its affiliates or other related entities may engage in transactions that affect the calculation of Base Rate, the Term SOFR
Reference Rate, Term SOFR, Adjusted Term SOFR, any alternative, successor or replacement rate (including any Benchmark Replacement) or
any relevant adjustments thereto, in each case, in a manner adverse to Borrowers; provided, that Administrative Agent will not engage
in such transactions with the primary purpose of negatively impacting Borrowers. The Administrative Agent may select information sources
or services in its reasonable discretion to ascertain Base Rate, the Term SOFR Reference Rate, Term SOFR, Adjusted Term SOFR or any other
Benchmark, in each case pursuant to the terms of this Agreement, and shall have no liability to 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.

 

1.4 Treatment of LLC Division.
Any restriction, condition or prohibition applicable to a merger, transfer, consolidation, amalgamation, consolidation, assignment, sale
or transfer, or similar term set forth in the Loan Documents shall be deemed to apply to a division of or by a limited liability company,
or an allocation of assets to a series of a limited liability companies, including any “Division” or other process or action
permitted under Section 18-217 of Title 6 of the Delaware Code, as if it were a merger, transfer, consolidation, amalgamation, consolidation,
assignment, sale or transfer, or similar term, as applicable. Any reference in any Loan Document to a merger, transfer, consolidation,
amalgamation, consolidation, assignment, sale, disposition or transfer, or similar term, shall be deemed to apply to a division of or
by a limited liability company, or an allocation of assets to a series of a limited liability companies (or the unwinding of such a division
or allocation), as if it were a merger, transfer, consolidation, amalgamation, consolidation, assignment, sale or transfer, or similar
term, as applicable, to, of or with a separate Person. Any division of a limited liability company shall constitute a separate Person
under the Loan Documents (and each division of any limited liability company that is a Subsidiary, joint venture or any other like term
shall also constitute such a Person or entity). For all purposes under the Loan Documents, in connection with any division or plan of
division under Delaware law (or any comparable event under a different jurisdiction’s laws): (a) if any asset, right, obligation
or liability of any Person becomes the asset, right, obligation or liability of a different Person, then it shall be deemed to have been
transferred from the original Person to the subsequent Person, and (b) if any new Person comes into existence, such new Person shall
be deemed to have been organized on the first date of its existence by the holders of its Equity Interests at such time.

 

1.5 Reclassifiable Items.
For purposes of determining compliance with this Agreement, in the event that any Debt, Lien, Restricted Payment, Investment or Asset
Disposition or portion thereof, as applicable, at any time meets the criteria of more than one of the categories of transactions or items
permitted pursuant hereto (each of the foregoing, a “Reclassifiable Item”), Borrower, 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. It is understood and agreed that
any Debt, Liens, Restricted Payment, Investment, Asset Disposition and/or Affiliate transaction need not be permitted solely by reference
to one category of permitted Debt, Lien, Restricted Payment, Investment, Asset Disposition and/or hereunder, but may instead be permitted
in part under any combination thereof or under any other available exception.

 

    35

     

    

 

Section
2 COMMITMENTS OF THE LENDERS; BORROWING and CONVERSION PROCEDURES.

 

2.1 Commitments.
On and subject to the terms and conditions of this Agreement, each of the Lenders, severally and for itself alone, agrees to make loans
to Borrower as follows:

 

2.1.1  Term
Loan Commitments.

 

(a)  Each
Lender with a Term A-1 Loan Commitment agrees to make a loan to Borrower (each such loan, a “Term A-1 Loan”) on the
Closing Date in that Lender’s Pro Rata Share of the aggregate Term A-1 Loan Commitments of all Lenders. The Commitments of the Lenders
to make Term A-1 Loans will expire concurrently with the making of Term A-1 Loans on the Closing Date.

 

(b)  Each
Lender with a Term A-2 Loan Commitment agrees to make a loan to Borrower (each such loan, a “Term A-2 Loan”) on the
Closing Date in that Lender’s Pro Rata Share of the aggregate Term A-2 Loan Commitments of all Lenders. The Commitments of the Lenders
to make Term A-2 Loans will expire concurrently with the making of Term A-2 Loans on the Closing Date.

 

Notwithstanding the foregoing
or any other provision of this Agreement, each Term A-2 Lender shall not make its Term A-2 Loan in cash on the Closing Date but shall
be deemed to have made its Term A-2 Loan under this Agreement by exchanging (i.e. rolling over) (the “Second Lien Rollover”)
its Second Lien Loans for the same aggregate principal amount as such Term A-2 Lender’s Term A-2 Loan Commitment and Term A-2 Loan.
The parties hereto acknowledge and agree that, as of the Closing Date, after giving effect to the Second Lien Rollover, the Obligations
in respect of the Second Lien Loans shall be deemed satisfied and paid in full.

 

(c)  Each
Lender with a Term B Loan Commitment agrees to make one or more loans (each such loan, a “Term B Loan”) during the
Term B Loan Availability Period in that Lender’s Pro Rata Share of the aggregate amounts that Borrower requests from all Lenders.
The aggregate amount of all Term B Loans made will not exceed the aggregate Term B Loan Commitments of all Lenders. The Commitments of
the Lenders to make Term B Loans will decrease concurrently with the making of Term B Loans on each applicable borrowing date by an amount
equal to the aggregate amount of the Term B Loans made on that borrowing date. In no event shall more than four (4) borrowings of Term
B Loans be advanced to Borrower. The Commitments of the Lenders to make Term B Loans will expire at the end of the Term B Loan Availability
Period.

 

2.1.2  Incremental
Facilities.

 

(a)  Requests.
Borrower may, from time to time by written notice to Administrative Agent, no later than fifteen (15) days prior to the effectiveness
of any such facility (each, an “Incremental Facility Request”), request one or more increases in the Term A-1 Commitment
or Term B Commitment or one or more tranches of new term loans denominated in dollars (the “Incremental Term Loan Commitment”
and the term loans thereunder, each an “Incremental Term Loan”; the Incremental Term Loans are sometimes referred to
herein individually as an “Incremental Loan” and, collectively, as the “Incremental Loans”; the
Incremental Term Loan Commitments are sometimes referred to herein individually as an “Incremental Facility” and collectively
as the “Incremental Facilities”) in an aggregate principal amount not to exceed $60,000,000; provided that no commitment
of any Lender shall be increased without the consent of such Lender. Such Incremental Facility Request shall set forth (A) the amount
of the Incremental Term Loan Commitment being requested (which shall be in a minimum amount of $5,000,000 and multiples of $100,000 in
excess thereof), (B) the date (an “Incremental Effective Date”) on which such Incremental Facility is requested to
become effective (which shall not be (a) unless otherwise agreed by Administrative Agent, less than fifteen (15) days after the date of
such notice and (b) more than thirty (30) days after the date of such notice (or such longer period as Administrative Agent may agree),
and (C) whether the related Incremental Loan is initially to be a SOFR Loan or a Base Rate Loan (and, if a SOFR Loan, the Interest Period
therefor).

 

    36

     

    

 

(b)  Allocations.
Upon delivery of the Incremental Facility Request, (x) such Incremental Facility shall be offered to each Lender according its Pro Rata
Share, provided that none of the Lenders will be required to provide all or any portion of such Incremental Facility, and any decision
whether or not to so provide all or any portion of such Incremental Facility by any Lender shall be made at the sole discretion of such
Lender and (y) any Lender that fails to commit to provide all or any portion of its Pro Rata Share within ten Business Days after its
receipt of such request shall be deemed to have declined to provide all or such portion of its Pro Rata Share, as applicable, in which
case such portion may instead be provided in the form of Incremental Equivalent Debt in accordance with clause (f) below. Notwithstanding
the foregoing provisions of this clause (b), (i) to the extent Borrower does not have written commitments from one or more existing Lenders
to provide such Incremental Facility in its entirety within ten (10) Business Days after Borrower has delivered such Incremental Facility
Request, all such existing Lenders shall be deemed to have declined to provide any portion of such Incremental Facility, in which case
such portion may instead be provided in the form of Incremental Equivalent Debt in accordance with clause (f) below.

 

(c)  Conditions.
No Incremental Facility shall become effective under this Section 2.1.2 unless (A) immediately before and immediately after giving effect
to such Incremental Facility, the loans to be made thereunder and the application of the proceeds therefrom, (I) no Event of Default shall
have occurred or be continuing and (II) the representations and warranties made in this Agreement or the other Loan Documents are true
and correct in all material respects (without duplication of any materiality qualifier contained therein), (B) Administrative Agent shall
have received a certificate of an Senior Officer of Borrower certifying as to the foregoing and attaching reasonably detailed supporting
calculations related thereto, in form reasonably satisfactory to Administrative Agent and (C) Administrative Agent shall have received
such other information and documentation as it may reasonably and promptly request in connection with such Incremental Facility and the
use of proceeds thereof.

 

(d)  Terms.
Each Incremental Term Loan in the form of an increase to existing Term A-1 Loans or Term B Loans shall be on the same terms (including
the maturity date) as, and pursuant to documentation (other than an Incremental Facility Amendment, if required) applicable to, the Term
A-1 Loan or Term B Loan, as applicable. Each Incremental Term Loan in the form of one or more tranches of new term loans shall be on the
same terms (except as provided below) as, and pursuant to documentation (other than an Incremental Facility Amendment, if required) applicable
to, the Term A-1 Loan or Term B Loan, as applicable; provided that, to the extent agreed by Borrower, Administrative Agent and the lenders
providing such Incremental Facility, the Incremental Loans may have call protection, applicable fees and amortization schedules that differ
from those applicable to the Term A-1 Loan or Term B Loan. Each Incremental Term Loan shall have the same Guaranty as and be secured on
a pari passu basis by the same Collateral securing the existing Term A-1 Loans and Term B Loans and any other Incremental Facilities.

 

(e)  Required
Amendments. Each of the parties hereto hereby agrees that, upon the effectiveness of any Incremental Facility, this Agreement shall
be amended to the extent (but only to the extent) necessary to reflect the existence of such Incremental Facility and the Loans evidenced
thereby (an “Incremental Facility Amendment”), and any such Incremental Facility Amendment may without the consent
of the other Lenders effect such amendments to this Agreement and the other Loan Documents as may be necessary or appropriate, in the
reasonable opinion of Administrative Agent and Borrower, to effectuate the provisions of this Section 2.1.2, and, for the avoidance of
doubt, this Section 2.1.2 shall supersede any provisions in Section 15.1. From and after each Incremental Effective Date, the Loans and
Commitments established pursuant to this Section 2.1.2 shall constitute Loans and Commitments under, and shall be entitled to all the
benefits afforded by, this Agreement and the other Loan Documents, and shall, without limiting the foregoing, benefit equally and ratably
from the guarantees and security interests created by the applicable Loan Documents. The Loan Parties shall take any actions reasonably
required by Administrative Agent to ensure and/or demonstrate that the Liens and security interests granted by the applicable Loan Documents
continue to be perfected under the UCC or otherwise after giving effect to the establishment of any such new Loans and Commitments, including
compliance with Section 10.9.

 

    37

     

    

 

(f)  Incremental
Equivalent Debt. Borrower may issue or incur Incremental Equivalent Debt in lieu of any Incremental Facility upon the delivery to
the Administrative Agent of notice prior to the proposed effective date thereof, so long as the aggregate principal amount of Incremental
Equivalent Debt incurred and Incremental Commitments provided pursuant to Section 2.1.2 does not exceed the $60,000,000. As used herein,
“Incremental Equivalent Debt” means Debt consisting of one or more series of notes or loans, a bridge facility in lieu
of the foregoing, or debt securities; provided that:

 

(i)  each
applicable condition set forth in Section 2.1.2(c) shall be satisfied (or waived in accordance with the terms hereof) with respect to
the incurrence of such Debt;

 

(ii)  such
Debt shall rank junior in right of payment with the Term Loans and shall rank junior in right of security with the Term Loans or may be
unsecured, and a representative acting on behalf of the lenders or investors providing such Debt shall have entered into a Subordination
Agreement (and the Lenders hereby authorize and direct the Administrative Agent to enter into any such Subordination Agreement);

 

(iii)  such
Debt shall not at any time be incurred or guaranteed by any Person other than a Loan Party, and such Debt shall not be secured by property
other than Collateral;

 

(iv)  the
final scheduled maturity date applicable to such Debt shall not be earlier than the date that is one year after the then final scheduled
maturity date of the Term Loans with the latest maturity date then in effect and (B) the Weighted Average Life to Maturity of such Series
shall not be shorter than the remaining Weighted Average Life to Maturity of the Term Loans with the latest maturity date then in effect
(without giving effect to any prepayments thereof); and

 

(v)  except
as otherwise expressly set forth herein, the pricing (including interest, fees and premiums), optional prepayment and redemption terms
with respect to such Debt shall be determined by Borrower and the lenders or investors providing such Debt.

 

2.2  Loan
Procedures.

 

2.2.1 Various
Types of Loans. Each Loan (other than a Term A-2 Loan) may be divided into tranches which
are, either a Base Rate Loan or a SOFR Loan (each, a “Type” of Loan), as Borrower specifies in the related Notice
of Borrowing pursuant to Section 2.2.2 or Notice of Conversion pursuant to Section 2.2.3. Subject to the other
terms and conditions of this Agreement, Base Rate Loans and SOFR Loans may be outstanding at the same time. All borrowings, conversions,
and repayments of Loans will be effected so that each Lender will have a ratable share (according to its Pro Rata Share) of all Types
of Loans.

 

    38

     

    

 

2.2.2  Borrowing
Procedures.

 

(a)  Borrower
shall give written notice (each such written notice, a “Notice of Borrowing”) substantially in the form of Exhibit
D to Administrative Agent and each Lender with an applicable Commitment of each proposed borrowing not later than 10:00 a.m.
(Chicago time) three Business Days prior to the proposed date of that borrowing. Each such notice will be effective upon receipt
by Administrative Agent, will be irrevocable, and must specify the date, amount, Interest Period and Type of borrowing; provided
that any borrowing of Term B Loans must be at least $5,000,000 and an integral multiple of $100,000.

 

(b)  On
the requested borrowing date, each Lender with an applicable Commitment shall provide Administrative Agent with immediately available
funds, to Administrative Agent’s Account, covering that Lender’s Pro Rata Share of that borrowing so long as the applicable
Lender has not received written notice that the conditions precedent set forth in Section 12 with respect to that borrowing
have not been satisfied. After Administrative Agent’s receipt of the proceeds of the applicable Loans from Lenders with applicable
Commitments, Administrative Agent shall make the proceeds of those Loans available to Borrower on the applicable borrowing date by transferring
to Borrower immediately available funds equal to the proceeds received by Administrative Agent. Each Base Rate borrowing must be on a
Business Day. Each Lender shall, upon request of Administrative Agent, deliver to Administrative Agent a list of all Loans made by that
Lender, together with all information related thereto as Administrative Agent reasonably requests. Notwithstanding any provision of this
Agreement to the contrary, Borrower may not request, and Lenders will not be required to fund, any borrowing of any Loan that is not a
SOFR borrowing unless, subject to and as more particularly described in Section 8, SOFR is unavailable or unlawful.

 

2.2.3  Conversion
Procedures.

 

(a)  Subject
to Section 2.2.1 and to the other terms and conditions of this Agreement, Borrower may, upon irrevocable written notice to
Administrative Agent in accordance with Section 2.2.3(b), elect, as of any Business Day, to convert any Loans (other than Term
A-2 Loans) (or any part thereof in an aggregate amount not less than $1,000,000 or a higher integral multiple of $100,000) into Loans
of the other Type. After giving effect to any prepayment or conversion, the aggregate principal amount of SOFR Loans must be at least
$5,000,000 and an integral multiple of $100,000. Notwithstanding any provision of this Agreement to the contrary, Borrower may not request
the conversion of, and Administrative Agent and the Lenders will not be required to convert, any SOFR Loan into a Base Rate Loan unless,
subject to and as more particularly described in Section 8, SOFR is unavailable or unlawful.

 

(b)  Borrower
shall give written notice (each such written notice, a “Notice of Conversion”) substantially in the form of Exhibit
E or telephonic notice (followed immediately by a Notice of Conversion) to Administrative Agent of each proposed conversion not later
than 1:00 p.m. (Chicago time) on the proposed date of that conversion, specifying in each case:

 

(i)  the
proposed date of conversion;

 

    39

     

    

 

(ii)  the
aggregate amount of Loans to be converted;

 

(iii)  the
Type of Loans resulting from the proposed conversion; and

 

(iv)  if
the resulting Borrowing is a SOFR Borrowing, the Interest Period therefor after giving effect to such conversion.

 

(c)  Administrative
Agent will promptly notify each Lender of its receipt of a Notice of Conversion pursuant to this Section 2.2.3.

 

(d)  Failure
to Submit a Conversion Notice; Events of Default. If Borrower fails to deliver a timely and complete Conversion Notice with respect
to a SOFR Borrowing prior to the end of the Interest Period therefor, then, unless such SOFR Borrowing is repaid as provided herein, Borrower
shall be deemed to have selected that such SOFR Borrowing shall automatically be continued as a SOFR Borrowing with an Interest Period
of one month at the end of such Interest Period. Notwithstanding any contrary provision hereof, if an Event of Default exists and Administrative
Agent, at the request of the Required Lenders, so notifies Borrower, then, so long as such Event of Default exists (i) no outstanding
Borrowing may be converted to or continued as a SOFR Borrowing and (ii) unless repaid as provided herein, each SOFR Borrowing shall automatically
be converted to a Base Rate Borrowing at the end of the Interest Period therefor.

 

2.3 Commitments Several.
The failure of any Lender to make a requested Loan on any date will not relieve any other Lender of its obligation (if any) to make a
Loan on that date, but no Lender will be responsible for the failure of any other Lender to make any Loan to be made by that other Lender.

 

2.4 Certain Conditions.
Except as otherwise provided in Section 2.2.3, no Lender will have an obligation to make any Loan or to permit any conversion
into any SOFR Loan, if an Event of Default or Default exists.

 

Section
3 EVIDENCING OF LOANS.

 

3.1 Notes.
At a Lender’s request, (a) the Term A-1 Loans of that Lender may be evidenced by a Note, with appropriate insertions, payable to
the order of that Lender in a face principal amount equal to the principal amount of that Lender’s Term A-1 Loans; (b) the Term
A-2 Loans of that Lender may be evidenced by a Note, with appropriate insertions, payable to the order of that Lender in a face principal
amount equal to the principal amount of that Lender’s Term A-2 Loans; and (c) the Term B Loans of that Lender may be evidenced
by a Note, with appropriate insertions, payable to the order of that Lender in a face principal amount equal to the sum of the principal
amount of that Lender’s Term B Loans plus the principal amount of that Lender’s Term B Loan Commitment.

 

3.2 Recordkeeping.
Administrative Agent, on behalf of each Lender, shall record in its records, the date and amount of each Loan made by each Lender and
each repayment or conversion thereof. The aggregate unpaid principal amount so recorded will be rebuttably presumptive evidence of the
principal amount of the Loans owing and unpaid. The failure to so record any such amount or any error in so recording any such amount
will not, however, limit or otherwise affect the Obligations of Borrower under this Agreement or under any Note to repay the principal
amount of the Loans under this Agreement, together with all interest accruing thereon.

 

    40

     

    

 

Section
4 INTEREST.

 

4.1 Interest Rates.
Borrower agree to pay interest on the unpaid principal amount of each Loan for the period commencing on the date that Loan is made until
that Loan is paid in full as follows:

 

4.1.1  Term Loans.

 

(a)  Term
A-1 Loans.

 

(i)  at
all times while a Term A-1 Loan is a Base Rate Loan, at a rate per annum equal to the sum of the Base Rate from time to time in effect
plus the Applicable Margin; and

 

(ii)  at
all times while a Term A-1 Loan is a SOFR Loan, at a rate per annum equal to the sum of the Adjusted Term SOFR from time to time in effect
plus the Applicable Margin.

 

(b)  Term
A-2 Loans.

 

(i)  at
a rate per annum equal to the Term A-2 Interest Rate.

 

(c)  Term
B Loans.

 

(i)  at
all times while a Term B Loan is a Base Rate Loan, at a rate per annum equal to the sum of the Base Rate from time to time in effect plus
the Applicable Margin; and

 

(ii)  at
all times while a Term B Loan is a SOFR Loan, at a rate per annum equal to the sum of the Adjusted Term SOFR from time to time in effect
plus the Applicable Margin.

 

4.1.2 Default
Rate. Notwithstanding the foregoing, at any time an Event of Default exists, the interest
rate applicable to each Loan, at the election of Administrative Agent or the Required Lenders (upon notice to Borrower), will be increased
by 3.00% from the date such Event of Default occurred and otherwise during the existence of such Event of Default (and, in the case of
Obligations not bearing interest, those Obligations will, during the existence of an Event of Default (to the extent then due and not
yet paid) bear interest at the highest interest rate applicable to the Term Loans plus 3.00%), but any such increase may be rescinded
by Required Lenders, notwithstanding Section 15.1. Notwithstanding the foregoing, upon the occurrence of an Event of Default
under Sections 13.1.1 or 13.1.4, the increase provided for in this Section 4.1.2 will occur automatically.
In no event will interest payable by Borrower to any Lender under this Agreement exceed the maximum rate permitted under applicable law,
and if any such provision of this Agreement is in contravention of any such law, then that provision will be deemed modified to limit
that interest to the maximum rate permitted under that law.

 

4.1.3 Interest
Payment Dates. Accrued interest on each Base Rate Loan is payable in arrears on the first Business
Day of each month, upon a prepayment of that Loan, and at maturity. Accrued interest on each SOFR Loan is payable on the first Business
Day of each month, upon a prepayment of that Loan, and at maturity. After maturity, and at any time an Event of Default exists, accrued
interest on all Loans will be payable on demand.

 

    41

     

    

 

4.2 Setting and Notice
of Adjusted Term SOFR Rates. The Adjusted Term SOFR will be determined by Administrative
Agent. Each determination of the applicable Adjusted Term SOFR by Administrative Agent will be conclusive and binding upon the parties
to this Agreement, absent manifest error.

 

4.3 Computation of Interest.
Interest will be computed for the actual number of days elapsed on the basis of a year of (a) 360 days for interest calculated at
the Adjusted Term SOFR and (b) 365/366 days for interest calculated at the Base Rate. The applicable interest rate for each
Base Rate Loan will change simultaneously with each change in the Base Rate and the applicable interest rate for each SOFR Loan will
change simultaneously with each change in the Adjusted Term SOFR.

 

4.4 Term SOFR Conforming
Changes. In connection with the use or administration of Term SOFR, Administrative Agent
will have the right, in consultation with Borrower, to make Conforming Changes from time to time and, notwithstanding anything to the
contrary herein or in any other Loan Document, any amendments implementing such Conforming Changes will become effective without any
further action or consent of any other party to this Agreement or any other Loan Document. The Administrative Agent will promptly notify
Borrower and the Lenders of the effectiveness of any Conforming Changes in connection with the use or administration of Term SOFR.

 

Section
5 FEES.

 

5.1 Administrative Agent’s
Fees. Borrower shall pay to Administrative Agent all agent’s fees as are mutually
agreed to from time to time by Borrower and Administrative Agent, including the fees set forth in the Agent Fee Letter.

 

5.2 Applicable Premium.
Upon the occurrence of an Applicable Premium Trigger Event, Borrower shall pay to Administrative Agent, for the sole and separate account
of Administrative Agent, the applicable premium (each such applicable premium, an “Applicable Premium”), calculated
in accordance with this Section 5.2.

 

(a)  Without
limiting the generality of Sections 6.2 and 6.3, and notwithstanding anything to the contrary in this Agreement or any other Loan Document,
it is understood and agreed that if the Obligations are accelerated as a result of the occurrence and continuance of any Event of Default
(including by operation of law or otherwise), the Applicable Premium, if any, determined as of the date of acceleration, will also be
due and payable and will be treated and deemed as though the Term Loans were repaid or prepaid as of such date and shall constitute part
of the Obligations for all purposes herein. Any Applicable Premium payable in accordance with this Section 5.2 shall be presumed to be
equal to the liquidated damages sustained by the Lenders as the result of the occurrence of the Applicable Premium Trigger Event, and
Borrower and the other Loan Parties agree that it is reasonable under the circumstances currently existing. The Applicable Premium, if
any, shall also be payable in the event the Obligations (and/or this Agreement) are satisfied or released by foreclosure (whether by power
of judicial proceeding), deed in lieu of foreclosure or by any other similar remedial actions taken by Administrative Agent or any Lender
or by any other means. BORROWER EXPRESSLY WAIVES THE PROVISIONS OF ANY PRESENT OR FUTURE STATUTE OR LAW THAT PROHIBITS OR MAY PROHIBIT
THE COLLECTION OF THE FOREGOING APPLICABLE PREMIUM IN CONNECTION WITH ANY SUCH ACCELERATION.

 

(b)  Borrower
expressly agrees that (a) the Applicable Premium is reasonable and is the product of an arm’s length transaction between sophisticated
business people, ably represented by counsel, (b) the Applicable Premium shall be payable notwithstanding the then prevailing market rates
at the time payment is made, (c) there has been a course of conduct between Lenders and the Loan Parties giving specific consideration
in this transaction for such agreement to pay the Applicable Premium, (d) the Loan Parties shall be estopped hereafter from claiming differently
than as agreed to in this Section 5.2, (E) their agreement to pay the Applicable Premium is a material inducement to the Lenders to provide
the Commitments and make the Term Loans, and (f) the Applicable Premium represents a good faith, reasonable estimate and calculation of
the lost profits or damages of the Lenders and that it would be impractical and extremely difficult to ascertain the actual amount of
damages to the Lenders or profits lost by the Lenders as a result of such Applicable Premium Trigger Event.

 

    42

     

    

 

(c)  Each
Applicable Premium will be equal to:

 

(I) in the case of any
Term Loan (other than Term A-2 Loans),

 

(A) if the repayment
of the applicable Term Loan occurs within 12 months after the Closing Date, the sum of (i) the principal amount of such repayment
multiplied by 2.00% and (ii) the present value of all interest that would have otherwise been payable on the amount of such principal
prepayment from the date of such prepayment to and including the date that is twelve months after the Closing Date, computed using a discount
rate equal to the Treasury Rate plus 50 basis points, and

 

(B) thereafter,
an amount determined by multiplying the principal amount of the Term Loans repaid by the following applicable percentage amount: (i) 2.00%
if that repayment occurs more than 12 months after the Closing Date but within 24 months after the Closing Date; (iii) 1.00% if that repayment
occurs more than 24 months after the Closing Date but within 36 months after the Closing Date; and (iv) 0% if that repayment occurs more
than 36 months after the Closing Date.

 

(II) in the case of
any Term A-2 Loans, a payment equal to the principal amount of the Term A-2 Loans being prepaid multiplied by the applicable Prepayment
Percentage.

 

For purposes of this
Section 5.2(II), “Prepayment Percentage” means (A) three percent (3%) with respect to Term A-2 Loans prepaid after February
27, 2022 and prior to April 17, 2022 and one percent (1%) with respect to Term A-2 Loans prepaid after April 17, 2022 but prior to the
Term A-2 Termination Date.

 

(d)  All
fees payable pursuant to this Section 5.4 will be deemed fully earned and non-refundable as of the Closing Date.

 

Section
6 PREPAYMENTS; Repayments.

 

6.1  Prepayments.

 

6.1.1 Voluntary
Prepayments. Borrower may from time to time prepay the Term Loans in whole or in part.
Borrower shall give Administrative Agent (which shall promptly advise each applicable Lender) notice of any such prepayment not later
than 10:00 a.m. (Chicago time) on the day of that prepayment (which must be a Business Day), specifying the Loans to be prepaid
and the date and amount of prepayment. Any such partial prepayment must be in an amount equal to $1,000,000 or a higher integral multiple
of $100,000.

 

    43

     

    

 

6.1.2 Mandatory
Prepayments.

 

(a)  Term
Loans. Borrower shall make a prepayment of the Term Loans until paid in full upon the occurrence of any of the following at the following
times and in the following amounts:

 

(i)  within
five (5) Business Days of the receipt by any Loan Party of any Net Cash Proceeds from any Asset Disposition pursuant to Section 11.4(ix)
which exceeds in any Fiscal Year $500,000, in an amount equal to 100% of those Net Cash Proceeds which are in excess of $500,000 in such
Fiscal Year; provided that, at the option of Borrower, and so long as no Default or Event of Default shall have occurred and be
continuing at the time of receipt of such Net Cash Proceeds, Borrower may reinvest up to $5,000,000 of such Net Cash Proceeds in any Fiscal
Year in assets useful in their business so long as such reinvestment is made within 270 days or, in the case in which any portion of such
Net Cash Proceeds are contractually committed to be used within such 270-day period, 12 months, after the receipt of such Net Cash Proceeds
(as certified by Borrower in writing to Administrative Agent); provided further, that any Net Cash Proceeds not so reinvested prior
to the end of such applicable period shall be promptly applied to the prepayment of the Term Loans as set forth in this Section 6.1.2(a)(i)
upon the expiration of such applicable period;

 

(ii)  within
two (2) Business Days of the receipt by any Loan Party of any Net Cash Proceeds from any issuance of Equity Interests of any Loan Party,
whether in connection with the issuance of any Curative Equity or otherwise (excluding any issuance of Equity Interests (a) issued by
Parent or (b) comprised of Curative Equity for the purpose of curing breach of the financial covenant set forth in Section 11.12.3), in
an amount equal to 100% of those Net Cash Proceeds to the extent in excess of $500,000 during the term of this Agreement.

 

(iii)  concurrently
with the receipt by any Loan Party of any Net Cash Proceeds from any issuance of any Debt of any Loan Party (excluding Debt permitted
by Section 11.1), in an amount equal to 100% of those Net Cash Proceeds;

 

(iv)  within
five (5) Business Days of the receipt by any Loan Party of any Net Cash Proceeds in respect of Extraordinary Receipts, in an amount equal
to 100% of those Extraordinary Receipts; provided that, at the option of Borrower (as elected by Borrower in writing to Administrative
Agent on or prior to the fifth Business Day after the date of receipt of such Extraordinary Receipts), and so long as no Default or Event
of Default shall have occurred and be continuing at the time of receipt of such Net Cash Proceeds, Borrower may reinvest up to $7,500,000
in the aggregate over the term of the Agreement of such Extraordinary Receipts in assets useful in their business so long as such reinvestment
is made within 270 days or, in the case in which any portion of such Extraordinary Receipts are contractually committed to be used within
such 270-day period, 12 months, after the receipt of such Extraordinary Receipts (as certified by Borrower in writing to Administrative
Agent); provided further, that any Extraordinary Receipts not so reinvested prior to the end of such applicable period shall be
promptly applied to the prepayment of the Term Loans as set forth in this Section 6.1.2(a)(iv) upon the expiration of such applicable
period; and

 

(v)  within
five (5) Business Days after the earlier of (A) the date that Fiscal Year-end financial statements are required to be delivered pursuant
to Section 10.1.1, and (B) the date of Borrower’s actual delivery of Fiscal Year-end financial statements delivered pursuant
to Section 10.1.1 (commencing with the first Fiscal Year period ending after the EBITDA Trigger Date), in an amount equal to the result
of (A) the ECF Percentage of Excess Cash Flow for that Fiscal Year minus (B) the aggregate amount of all voluntary prepayments
in respect of the outstanding principal balance of the Term Loan made by Borrower during such Fiscal Year; provided, that any Excess
Cash Flow payment made pursuant to this Section 6.1.2(b)(v) shall exclude the portion of Excess Cash Flow that is attributable to the
target of a Permitted Acquisition or similar permitted Investment and that accrued prior to the closing date of such Permitted Acquisition
or similar permitted Investment.

 

    44

     

    

 

6.2  Manner
of Prepayments.

 

6.2.1 All Prepayments.
Any prepayment of Term Loans is subject to Section 5.2. All prepayments of the Term Loans will be applied ratably to the
Term Loans in the inverse order of maturity to the remaining installments thereof (including, without limitation, the final installment
thereof). Except as otherwise provided by this Agreement, all principal payments in respect of the Loans will be applied first to repay
outstanding Base Rate Loans and then to repay outstanding SOFR Loans in direct order of Interest Period maturities.

 

6.3 Repayments.

 

(a)  Term
A-1 Loans. Unless sooner paid in full, the outstanding principal balance of the Term A-1 Loans must be paid in full on the Termination
Date.

 

(b)  Term
A-2 Loans. Unless sooner paid in full, the outstanding principal balance of the Term A-2 Loans must be paid in full on the Term A-2
Termination Date.

 

(c)  Term
B Loans. Unless sooner paid in full, the outstanding principal balance of the Term B Loans must be paid in full on the Termination
Date.

 

(d)  Incremental
Loans. Terms of the repayments of any Incremental Facilities shall be set forth in the applicable Incremental Amendment.

 

6.4 Option to Decline.
Any mandatory prepayment required to be made pursuant to Section 6.2.2(b) (other than with respect to clauses (iii) and (vi) therein)
may be declined in whole or in part by any Lender without prejudice to such Lender’s rights hereunder to accept or decline any
future payments in respect of any mandatory prepayments, by providing notice to Administrative Agent no later than 2:00 p.m. (Chicago
time) one (1) Business Day (or such other date acceptable to Administrative Agent) prior to the date of such prepayment. If a Lender
chooses not to accept payment in respect of a mandatory prepayment in whole or in part, such declined proceeds shall be retained by Borrower.

 

Section
7 MAKING AND PRORATION OF PAYMENTS; SETOFF; TAXES.

 

7.1  Making
of Payments.

 

7.1.1  Borrower
shall make all payments of principal or interest on the Loans, and of all fees, to Administrative Agent in immediately available funds
to Administrative Agent’s Account not later than noon (Chicago time) on the date due, and funds received after that time will be
deemed to have been received by Administrative Agent on the following Business Day. Borrower shall make all payments to Administrative
Agent and the Lenders without set-off, counterclaim, recoupment, deduction, or other defense. Administrative Agent shall promptly remit
to each Lender its share of all such payments received in collected funds by Administrative Agent for the account of that Lender. Notwithstanding
the foregoing, Borrower shall make all payments under Section 8.1 directly to the Lender entitled thereto.

 

    45

     

    

 

7.2 Application of Certain
Payments.

 

7.2.1  So
long as no Default or Event of Default has occurred and is continuing, (a) payments matching specific scheduled payments then due
will be applied to those scheduled payments and (b) voluntary and mandatory prepayments will be applied as set forth in Sections 6.1
and 6.2.

 

7.2.2  Subject
to any written agreement among Administrative Agent and the Lenders:

 

(a)  All
payments of principal and interest in respect of outstanding Loans, all payments of fees, and all other payments in respect of any other
Obligations, will be allocated by Administrative Agent among Administrative Agent and the Lenders, as applicable, in proportion to their
respective Pro Rata Shares or otherwise as provided in this Agreement or, in respect of payments not made on account of Loans, as designated
by the Person making payment when the payment is made.

 

(b)  After
the occurrence and during the continuance of an Event of Default, Administrative Agent may, and upon the direction of the Required Lenders
shall, apply all payments in respect of any Obligations and all proceeds of the Collateral, subject to the provisions of this Agreement,
as follows: (i) first, ratably to pay the Obligations in respect of any fees, expense reimbursements, indemnities and other
amounts then due and payable to Administrative Agent until paid in full; (ii) second, ratably to pay the Obligations in respect
of any fees (other than any Applicable Premium) and indemnities then due and payable to the Lenders until paid in full; (iii) third,
ratably (to Administrative Agent in accordance with Administrative Agent’s outstanding Protective Advances) to pay interest then
due and payable in respect of Protective Advances until paid in full; (iv) fourth, ratably (to Administrative Agent in accordance
with Administrative Agent’s outstanding Protective Advances) to pay principal of the Protective Advances until paid in full; (v) fifth,
ratably, to pay interest then due and payable in respect of the Term Loans until paid in full; (vi) sixth, ratably to pay
principal of the Term Loans until paid in full; (vii) seventh, ratably to pay the Obligations in respect of any Applicable
Premium then due and payable until paid in full; and (viii) eighth, to the ratable payment of all other Obligations then due
and payable.

 

(c)  For
purposes of Section 7.2.2(b), “paid in full” means payment in cash of all amounts owing under the Loan Documents (or,
to the extent those Obligations are contingent, to provide Cash Collateral in respect of those Obligations) according to the terms thereof,
including loan fees, service fees, professional fees, interest (and specifically including interest accrued after, or that would have
accrued but for, the commencement of any Insolvency Proceeding), default interest, interest on interest, and expense reimbursements, whether
or not same would be or is allowed or disallowed in whole or in part in any Insolvency Proceeding.

 

(d)  In
the event of a direct conflict between the priority provisions of this Section 7.2.2 and other provisions contained in any
other Loan Document, it is the intention of the parties to this Agreement that all such priority provisions be read together and construed,
to the fullest extent possible, to be in concert with each other. In the event of any actual, irreconcilable conflict that cannot be resolved
as aforesaid, the terms and provisions of this Section 7.2.2 will control and govern.

 

    46

     

    

 

7.3 Due Date Extension.
If any payment of principal or interest with respect to any of the Loans, or of any fees, falls due on a day which is not a Business
Day, then that due date will be extended to the immediately following Business Day (unless, in the case of a SOFR Loan, that immediately
preceding Business Day is the first Business Day of a month, in which case that due date will be the immediately preceding Business Day),
and, in the case of principal, additional interest will accrue and be payable for the period of any such extension.

 

7.4 Setoff.
Borrower, for itself and each other Loan Party, agrees that Administrative Agent and each Lender have all rights of set-off and bankers’
lien provided by applicable law, and in addition thereto, Borrower, for itself and each other Loan Party, agrees that at any time any
Event of Default exists, Administrative Agent and each Lender may apply to the payment of any Obligations of Borrower and each other
Loan Party under this Agreement, whether or not then due, any and all balances, credits, deposits, accounts, or moneys of Borrower and
each other Loan Party then or thereafter with Administrative Agent or that Lender.

 

7.5 Proration of Payments.
If any Lender obtains any payment or other recovery (whether voluntary, involuntary, by application of offset, or otherwise), on account
of principal of or interest on any Loan (but excluding (i) any payment pursuant to Section 8 or 15.6 and (ii) payments
of interest on any Affected Loan) in excess of its applicable Pro Rata Share of payments and other recoveries obtained by all Lenders
on account of principal of and interest on the Loans, then held by them, then that Lender shall purchase from the other Lenders such
participations in the Loans held by them as are necessary to cause that purchasing Lender to share the excess payment or other recovery
ratably with each of them, but if all or any portion of the excess payment or other recovery is thereafter recovered from that purchasing
Lender, then that purchase will be rescinded and the purchase price restored to the extent of that recovery.

 

7.6  Taxes.

 

7.6.1  Borrower
shall make all payments under this Agreement or under any Loan Documents without setoff, counterclaim, or other defense. Unless required
by applicable law (as determined in the good faith discretion of the applicable withholding agent), all payments under this Agreement
or under the Loan Documents (including any payment of principal, interest, or fees) to, or for the benefit, of any Recipient will be made
by Borrower free and clear of and without deduction or withholding for, or account of, any Taxes now or hereafter imposed by any taxing
authority.

 

7.6.2  If
Borrower makes any payments to a Recipient under this Agreement or under any other Loan Document in respect of which Borrower is required
by applicable law to deduct or withhold any Indemnified Taxes, then Borrower shall increase such payment under this Agreement or under
any other Loan Document such that after the reduction for the amount of Indemnified Taxes withheld (and any Indemnified Taxes withheld
or imposed with respect to the additional payments required under this Section 7.6.2), the amount paid equals the amount that
was payable under this Agreement or under any other Loan Document without regard to this Section 7.6.2. To the extent Borrower
withholds any Taxes on payments under this Agreement or under any other Loan Document, Borrower shall pay the full amount deducted to
the relevant taxing authority within the time allowed for payment under applicable law and shall deliver to Administrative Agent within
30 days after Borrower have made payment to that taxing authority the original or certified copy of a receipt issued by that taxing authority
(or other evidence satisfactory to Administrative Agent) evidencing the payment of all amounts so required to be deducted or withheld
from that payment. Borrower shall timely pay to the relevant Governmental Authority in accordance with applicable law, or at the option
of Administrative Agent timely reimburse it for the payment of, any Other Taxes.

 

    47

     

    

 

7.6.3  If
any Recipient is required by law to make any payments of any Indemnified Taxes on or in relation to any amounts received or receivable
under this Agreement or under any other Loan Document, or any Indemnified Tax is assessed against Recipient with respect to amounts received
or receivable under this Agreement or under any other Loan Document, Borrower will indemnify such Recipient within 30 days after demand
therefor against (i) that Indemnified Tax and (ii) any Taxes imposed as a result of the receipt of the payment under this Section 7.6.3.
A certificate prepared in good faith as to the amount of any such payment by that Lender or Administrative Agent or other recipient will,
absent manifest error, be final, conclusive, and binding on all parties.

 

7.6.4  (a) To
the extent permitted by applicable law, each Lender that is not a United States person within the meaning of Code Section 7701(a)(30)
(a “Non-U.S. Lender”) shall deliver to Borrower and Administrative Agent on or prior to the Closing Date (or in the case of
a Lender that is an Assignee, on the date of the assignment to that Lender), whichever of the following is applicable:

 

(i)  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, two properly completed and duly executed copies of IRS Form W-8BEN establishing that Lender’s
entitlement to a complete exemption from, or a reduced rate in, United States withholding Tax on interest payments to be made under this
Agreement or with respect to any Loan pursuant to such tax treaty and (y) with respect to any other applicable payments under any Loan
Document, IRS Form W-8BEN establishing an exemption from, or reduction of, U.S. federal withholding Tax pursuant to the such tax treaty;

 

(ii)  two
properly completed and duly executed copies of IRS Form W-8ECI;

 

(iii)  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 Borrower within the meaning of Section 881(c)(3)(B) of the Code, or
a “controlled foreign corporation” described in Section 881(c)(3)(C) of the Code (a “U.S. Tax Compliance Certificate”)
and (y) two properly completed and duly executed copies of IRS Form W-8BEN; or

 

(iv)  to
the extent a Non-U.S. Lender is not the beneficial owner, two properly completed and duly executed copies of IRS Form W-8IMY, accompanied
by IRS Form W-8ECI, IRS Form W-8BEN, a U.S. Tax Compliance Certificate substantially in the form of Exhibit F-2 or Exhibit 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;

 

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

 

    48

     

    

 

(c)  Each
Lender that is not a Non-U.S. Lender (other than any such Lender that is taxed as corporation for U.S. federal income tax purposes) shall
provide two properly completed and duly executed copies of IRS Form W-9 (or any successor or other applicable form) to Borrower and Administrative
Agent certifying that that Lender is exempt from United States federal backup withholding Tax. To the extent that a form provided pursuant
to this Section 7.6.4(c) is rendered obsolete or inaccurate in any material respect as result of change in circumstances with respect
to the status of a Lender or Administrative Agent, then that Lender or Administrative Agent shall, to the extent permitted by applicable
law, deliver to Borrower and, as applicable, Administrative Agent revised forms necessary to confirm or establish the entitlement to that
Lender’s exemption from United States federal backup withholding Tax.

 

(d)  No
Borrower will be required to pay additional amounts to any Lender, or indemnify any Lender, under this Section 7.6 to the
extent that those obligations would not have arisen but for the failure of that Lender to comply with this Section 7.6.4.

 

(e)  Each
Lender shall indemnify Administrative Agent and hold Administrative Agent harmless for the full amount of any and all present or future
Taxes and related liabilities (including penalties, interest, additions to Tax and expenses, and any Taxes imposed by any jurisdiction
on amounts payable to Administrative Agent under this Section 7.6) which are imposed on or with respect to principal, interest,
or fees payable to that Lender under this Agreement and which are not paid by Borrower pursuant to this Section 7.6, whether
or not those Taxes or related liabilities were correctly or legally asserted. This indemnification must be made within 30 days from
the date Administrative Agent makes written demand therefor.

 

7.6.5  If
Administrative Agent or a Lender determines, in its sole discretion, that it has received a refund of any Indemnified Taxes as to which
it has been indemnified by Borrower or with respect to which Borrower has paid additional amounts pursuant to this Section 7.6,
then Administrative Agent or that Lender, as applicable, shall pay over that refund to Borrower (but only to the extent of indemnity payments
made, or additional amounts paid, by Borrower under this Section 7.6 with respect to the Indemnified Taxes giving rise to
that refund), net of any Taxes imposed by reason of receipt of that refund and all out-of-pocket expenses of Administrative Agent or that
Lender, as applicable, and without interest (other than any interest paid by the relevant governmental authority with respect to that
refund, which interest must be paid to Borrower). Upon the request of Administrative Agent or any such Lender, Borrower shall repay any
amount paid to Borrower (plus any penalties, interest, or other charges imposed by the relevant governmental authority) to Administrative
Agent or that Lender in the event Administrative Agent or that Lender is required to repay any such refund to any such governmental authority.
Nothing in this Section 7.6.5 is to be construed to require Administrative Agent or any Lender to make available its tax returns
(or any other information which it deems confidential) to Borrower or any other Person.

 

7.6.6  If
a payment made to a Lender under any Loan Document would be subject to U.S. federal income withholding Tax imposed by FATCA if that 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), then that Lender shall deliver to Administrative Agent (or, in the case of a Participant, to the Lender granting
the participation only) at the time or times prescribed by law and at any other time or times reasonably requested by Administrative Agent
(or, in the case of a Participant, the Lender granting the participation) all documentation prescribed by applicable law (including as
prescribed by Section 1471(b)(3)(C)(i) of the Code) and all additional documentation reasonably requested by Administrative Agent
(or, in the case of a Participant, the Lender granting the participation) as is necessary for Administrative Agent or Borrower to comply
with their obligations under FATCA and to determine that that Lender has complied with that Lender’s obligations under FATCA or
to determine the amount to deduct and withhold from that payment. Solely for purposes of this Section 7.6.6, “FATCA”
is deemed to include any amendments made to FATCA after the date of this Agreement.

 

    49

     

    

 

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

 

Section
8 Increased Costs; Special Provisions for SOFR Loans.

 

8.1  Increased
Costs.

 

(a)  If
any Change in Law (i) imposes, modifies, or deems applicable any reserve (including any reserve imposed by the FRB, but excluding
any reserve included in the determination of the Adjusted Term SOFR pursuant to Section 4), special deposit, or similar requirement
against assets of, deposits with, or for the account of, or credit extended by, any Lender; or (ii) subject any Lender to any Taxes (other
than (A) Indemnified Taxes and (B) Connection Income Taxes) on its loans, loan principal, letters of credit, commitments, or other obligations,
or its deposits, reserves, other liabilities or capital attributable thereto; or (iii) imposes on any Lender any other condition
affecting its SOFR Loans, its Note(s), or its obligation to make SOFR Loans, and the result of anything described in clauses (i)
and (ii) above is to increase the cost to (or to impose a cost on) that Lender (or any SOFR Office of that Lender) of making or
maintaining any Loan, or to reduce the amount of any sum received or receivable by that Lender (or its SOFR Office) under this Agreement
or under its Note(s) with respect thereto, then upon demand by that Lender (which demand must be accompanied by a statement setting forth
the basis for that demand and a calculation of the amount thereof in reasonable detail, a copy of which must be furnished to Administrative
Agent), Borrower shall pay directly to that Lender such additional amount as will compensate that Lender for that increased cost or that
reduction, so long as the applicable amounts have accrued on or after the day that is 180 days prior to the date on which that Lender
first made demand therefor.

 

(b)  If
any Lender reasonably determines that any change in, or the adoption or phase-in of, any applicable law, rule, or regulation regarding
capital adequacy, or any change in the interpretation or administration thereof by any governmental authority, central bank, or comparable
agency charged with the interpretation or administration thereof, or the compliance by any Lender or any Person controlling any Lender
with any request or directive regarding capital adequacy (whether or not having the force of law) of any such authority, central bank,
or comparable agency, has or would have the effect of reducing the rate of return on that Lender’s or that controlling Person’s
capital as a consequence of that Lender’s obligations under this Agreement to a level below that which that Lender or that controlling
Person could have achieved but for that change, adoption, phase-in, or compliance (taking into consideration that Lender’s or that
controlling Person’s policies with respect to capital adequacy) by an amount deemed by that Lender or that controlling Person to
be material, then from time to time, upon demand by that Lender (which demand must be accompanied by a statement setting forth the basis
for that demand and a calculation of the amount thereof in reasonable detail, a copy of which must be furnished to Administrative Agent),
Borrower shall pay to that Lender such additional amount as will compensate that Lender or that controlling Person for that reduction,
so long as the applicable amounts have accrued on or after the day that is 180 days prior to the date on which that Lender first
made demand therefor.

 

    50

     

    

 

8.2  Basis
for Determining Interest Rate Inadequate or Unfair.

 

(a)  Administrative
Agent shall promptly notify the other parties of the following:

 

(i)  Administrative
Agent reasonably determines (which determination will be binding and conclusive on Borrower) that by reason of circumstances affecting
the interbank SOFR market adequate and reasonable means do not exist for ascertaining the applicable Adjusted Term SOFR; or

 

(ii)  the
Required Lenders advise Administrative Agent that the Adjusted Term SOFR as determined by Administrative Agent will not adequately and
fairly reflect the cost to those Lenders of maintaining or funding SOFR Loans (taking into account any amount to which those Lenders may
be entitled under Section 8.1) or that the making or funding of SOFR Loans has become impracticable as a result of an event
occurring after the date of this Agreement which in the opinion of those Lenders materially affects those Loans.

 

(b)  So
long as any circumstances described in a notice delivered pursuant to Section 8.2(a) continue, (i) no Lender will be required
to make or convert any Base Rate Loans into SOFR Loans, and (ii) each such Loan will, unless then repaid in full, automatically convert
to a Base Rate Loan.

 

If Administrative Agent reasonably
determines (in consultation with Borrower) after the Closing Date that adequate and reasonable means do not exist for ascertaining the
Adjusted Term SOFR, then (i) a comparable or successor floating rate that is, at such time, broadly accepted by the market for loans denominated
in Dollars in lieu of the London interbank offered rate as determined by Administrative Agent (in consultation with Borrower) or (ii)
if no such broadly accepted comparable successor rate exists at such time, Administrative Agent and Borrower shall endeavor to establish
an alternate rate of interest to the Adjusted Term SOFR that gives due consideration to the then prevailing market convention for determining
a rate of interest for syndicated loans in the United States at such time, and shall enter into an amendment to this Agreement to reflect
such alternate rate of interest and such other related changes to this Agreement as may be applicable. Such selection of a successor rate
by Administrative Agent (and Borrower, as applicable) shall be conclusive and binding unless the Required Lenders shall have objected
in writing to such successor rate within five Business Days of notice thereof. Notwithstanding anything to the contrary in this Agreement,
such amendment shall become effective without any further action or consent of any other party to this Agreement.

 

8.3 Changes in Law Rendering
SOFR Loans Unlawful. If, after the date of this Agreement, any change in, or the adoption
of any new, law or regulation, or any change in the interpretation of any applicable law or regulation by any governmental authority
or other regulatory body charged with the administration thereof, makes it (or in the good faith judgment of any Lender causes a substantial
question as to whether it is) unlawful for any Lender to make, maintain, or fund SOFR Loans, then that Lender shall promptly notify each
of the other parties to this Agreement and, so long as those circumstances continue, (a) that Lender will not be required to make
or convert any Base Rate Loan into a SOFR Loan (but that Lender shall, subject to the other terms of this Agreement, make Base Rate Loans
concurrently with the making of or conversion of Base Rate Loans into SOFR Loans by the Lenders which are not so affected, in each case
in an amount equal to the amount of SOFR Loans which would be made or converted into by that Lender at that time in the absence of those
circumstances), and (b) each such SOFR Loan will, unless then repaid in full, automatically convert to a Base Rate Loan. Each Base
Rate Loan made by a Lender which, but for the circumstances described in the foregoing sentence, would be a SOFR Loan (an “Affected
Loan”) will remain outstanding for the period corresponding to the SOFR Loans of which that Affected Loan would be a part absent
those circumstances.

 

    51

     

    

 

8.4 Right of Lenders to
Fund through Other Offices. Each Lender may, if it so elects, fulfill its commitment as
to any SOFR Loan by causing a foreign branch or Affiliate of that Lender to make that Loan, but each such Loan will be deemed to have
been made by that Lender and the obligation of Borrower to repay that Loan will be to that Lender and will be deemed held by the Lender,
to the extent of that Loan, for the account of that branch or Affiliate.

 

8.5  Mitigation
of Circumstances; Replacement of Lenders.

 

(a)  Each
Lender shall promptly notify Borrower and Administrative Agent of any event of which it has knowledge that will result in, and will use
reasonable commercial efforts available to it (and not, in that Lender’s sole judgment, otherwise disadvantageous to that Lender)
to mitigate or avoid, (i) any obligation by Borrower to pay any amount pursuant to Sections 7.6 or 8.1 or (ii) the
occurrence of any circumstances described in Sections 8.2 or 8.3 (and, if any Lender has given notice of any such event
described in clause (i) or (ii) and thereafter that event ceases to exist, that Lender shall promptly so notify Borrower
and Administrative Agent). Without limiting the foregoing, each Lender shall designate a different funding office if that designation
will avoid (or reduce the cost to Borrower of) any event described in clause (i) or (ii) and that designation will
not, in that Lender’s sole judgment, be otherwise disadvantageous to that Lender.

 

(b)  If
Borrower become obligated to pay additional amounts to any Lender pursuant to Sections 7.6 or 8.1, or any Lender gives
notice of the occurrence of any circumstances described in Sections 8.2 or 8.3, or any Lender becomes a Defaulting
Lender, then Borrower may designate another financial institution that is acceptable to Administrative Agent in its reasonable discretion
(a “Replacement Lender”) to purchase the Loans of that Lender and that Lender’s rights under this Agreement,
without recourse to or warranty by, or expense to, that Lender, for a purchase price equal to the outstanding principal amount of the
Loans payable to that Lender plus any accrued but unpaid interest on those Loans and all accrued but unpaid fees owed to that Lender
and any other amounts owed to that Lender under this Agreement and any other Loan Document, and to assume all the obligations of that
Lender under this Agreement. Upon any such purchase and assumption (pursuant to an Assignment Agreement), the applicable Lender will no
longer be a party to this Agreement or have any rights under this Agreement (other than rights with respect to indemnities and similar
rights applicable to that Lender prior to the date of that purchase and assumption) and will be relieved from all obligations to Borrower
under this Agreement, and the Replacement Lender will succeed to the rights and obligations of that Lender under this Agreement.

 

8.6 Conclusiveness of
Statements; Survival of Provisions. Determinations and statements of any Lender pursuant
to Sections 8.1, 8.2, or 8.3 will be conclusive absent demonstrable error. Lenders may use reasonable averaging
and attribution methods in determining compensation under Section 8.1, and the provisions of Section 8.1 will
survive repayment of the Obligations, cancellation of any Note(s), and termination of this Agreement.

 

8.7  Benchmark
Replacement Setting.

 

8.7.1  Benchmark
Replacement. Notwithstanding anything to the contrary herein or in any other Loan Document, upon the occurrence of a Benchmark Transition
Event, Administrative Agent and Borrower may amend this Agreement to replace the then-current Benchmark with a Benchmark Replacement.
Any such amendment with respect to a Benchmark Transition Event will become effective at 5:00 p.m. (New York City time) on the fifth (5th)
Business Day after Administrative Agent has posted such proposed amendment to all affected Lenders and Borrower so long as Administrative
Agent has not received, by such time, written notice of objection to such amendment from Lenders comprising the Required Lenders. No replacement
of a Benchmark with a Benchmark Replacement pursuant to this Section 8.7.1 will occur prior to the applicable Benchmark Transition Start
Date.

 

    52

     

    

 

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

 

8.7.3 Notices;
Standards for Decisions and Determinations. The Administrative Agent will promptly notify Borrower Representative and the
Lenders of (i) the implementation of any Benchmark Replacement and (ii) the effectiveness of any Conforming Changes in connection
with the use, administration, adoption or implementation of a Benchmark Replacement. The Administrative Agent will notify Borrower
Representative of (x) the removal or reinstatement of any tenor of a Benchmark pursuant to Section 8.7.4 and (y) the commencement of
any Benchmark Unavailability Period. Any determination, decision or election that may be made by Administrative Agent or, if
applicable, any Lender (or group of Lenders) pursuant to this Section 8.7, 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 8.7.

 

8.7.4 Unavailability
of Tenor of Benchmark. 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 Reference 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 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 not or will not be representative, then Administrative Agent may modify the definition of
“Interest Period” (or any similar or analogous definition) 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 not or will not be representative for a Benchmark (including a Benchmark
Replacement), then Administrative Agent may modify the definition of “Interest Period” (or any similar or analogous
definition) for all Benchmark settings at or after such time to reinstate such previously removed tenor.

 

    53

     

    

 

8.7.5 Benchmark
Unavailability Period. Upon Borrower Representative’s receipt of notice of the commencement of a Benchmark Unavailability
Period, Borrower Representative may revoke any pending request for a SOFR Borrowing of, conversion to or continuation of SOFR Loans to
be made, converted or continued during any Benchmark Unavailability Period and, failing that, Borrowers will be deemed to have converted
any such request into a request for a Borrowing of or conversion to Base Rate Loans. During a Benchmark Unavailability Period or at any
time that a tenor for the then-current Benchmark is not an Available Tenor, the component of Base Rate based upon the then-current Benchmark
or such tenor for such Benchmark, as applicable, will not be used in any determination of Base Rate.

 

Section
9 REPRESENTATIONS AND WARRANTIES.

 

To induce Administrative Agent
and the Lenders to enter into this Agreement and to induce the Lenders to make Loans under this Agreement, Borrower represents and warrants
to Administrative Agent and the Lenders on the Closing Date, on the date of any borrowing hereunder and on each other date on which such
representations and warranties are expressly deemed made or expressly required to be made under the terms of the Loan Documents, that:

 

9.1   Organization.
Each of the Loan Parties and their Subsidiaries is validly existing and in good standing under the laws of its jurisdiction of organization,
and each of the Loan Parties and their Subsidiaries is duly qualified to do business in each jurisdiction where, because of the nature
of its activities or properties, that qualification is required, except for any jurisdiction where the failure to so qualify could not
reasonably be expected to have a Material Adverse Effect.

 

9.2   Authorization;
No Conflict.

 

(a)   Each
Loan Party is duly authorized to execute and deliver each Loan Document to which it is a party, Borrower is duly authorized to borrow
monies under this Agreement, and each Loan Party is duly authorized to perform its Obligations under each Loan Document to which it is
a party.

 

(b)   The
execution, delivery, and performance by each Loan Party of each Loan Document to which it is a party, and the borrowings by Borrower under
this Agreement, do not and will not (i) require any consent or approval of any governmental agency or authority (other than any consent
or approval that has been obtained and is in full force and effect); (ii) conflict with (A) any provision of applicable law
in any respect that would reasonably be expected to have a Material Adverse Effect, (B) the organizational documents or governing
documents of any Loan Party, or (C) any agreement, indenture, instrument, or other document, or any judgment, order, or decree, that
is binding upon any Loan Party or any of their respective properties that would reasonably be expected to have a Material Adverse Effect;
or (iii) require, or result in, the creation or imposition of any Lien on any asset of any Loan Party (other than Liens in favor
of Administrative Agent created pursuant to the Collateral Documents or otherwise permitted under the terms of this Agreement).

 

9.3   Validity
and Binding Nature. Each of this Agreement and each other Loan Document to which any Loan Party is a party is the legal, valid, and
binding obligation of that Person, enforceable against that Person in accordance with its terms, subject to bankruptcy, insolvency, and
similar laws affecting the enforceability of creditors’ rights generally and to general principles of equity.

 

9.4   Financial
Condition. The Financial Statements, copies of each of which have been delivered to each Lender, were prepared in accordance with
GAAP (except as expressly stated therein and subject, in the case of any such unaudited statements, to the absence of footnotes and to
normal year-end adjustments) and present fairly in all material respects the consolidated financial condition of the Company and its Subsidiaries
as at the dates covered in the Financial Statements and the results of their operations for the periods then ended.

 

9.5   No
Material Adverse Change. Since December 31, 2020, there has been no material adverse change in the financial condition, operations,
assets, business or properties of the Loan Parties and their Subsidiaries, taken as a whole.

 

    54

     

    

 

9.6   Litigation
and Contingent Liabilities. No litigation (including derivative actions), arbitration proceeding or governmental investigation or
proceeding is pending or, to the Loan Parties’ knowledge, threatened in writing against any of the Loan Parties and their Subsidiaries
that could reasonably be expected to have a Material Adverse Effect, except as set forth in Schedule 9.6. Other than liability
incident to any such litigation or proceedings, none of the Loan Parties and their Subsidiaries has any material contingent liabilities
that are not listed in Schedule 9.6 or permitted by Section 11.1.

 

9.7   Ownership
of Properties; Liens. Each of the Loan Parties and their Subsidiaries owns good title to and, in the case of owned real property,
marketable title to, and in the case of leased real property, a valid leasehold interest in, all of its properties and assets, real and
personal, tangible and intangible, of any nature whatsoever (including Intellectual Property), free and clear of all Liens, charges, and
claims, except as permitted by Section 11.2.

 

9.8   Equity
Ownership. All issued and outstanding Equity Interests of each of the Loan Parties and their Subsidiaries are, to the extent applicable,
duly authorized and validly issued, fully paid, non-assessable, and free and clear of all Liens other than those in favor of Administrative
Agent, and all such Equity Interests were issued in compliance with all applicable state and federal laws concerning the issuance of securities.
Schedule 9.8 sets forth the authorized Equity Interests of each of the Loan Parties and their Subsidiaries as of the Closing
Date. All of the issued and outstanding Equity Interests of each Wholly-Owned Subsidiary is, directly or indirectly, owned by the Company.
As of the Closing Date, except as set forth on Schedule 9.8, there are no pre-emptive or other outstanding rights, options,
warrants, conversion rights, or other similar agreements or understandings for the purchase or acquisition of any Equity Interests of
any of the Loan Parties and their Subsidiaries.

 

9.9   Pension
Plans.

 

(a)   The
Unfunded Liability of all Pension Plans does not in the aggregate exceed 20% of the Total Plan Liability for all such Pension Plans. Except
as could not reasonably be expected to result, either individually or in the aggregate, in a Material Adverse Effect, (i) each Pension
Plan complies with all applicable requirements of law and regulations; (ii) no contribution failure under Section 430 of the Code, Section
303 of ERISA, or the terms of any Pension Plan has occurred with respect to any Pension Plan sufficient to give rise to a Lien under Section
303(k) of ERISA; (iii) there are no pending or, to the knowledge of Borrower, threatened claims, actions, investigations, or lawsuits
against any Pension Plan, any fiduciary of any Pension Plan, or Borrower or any other member of the Controlled Group with respect to a
Pension Plan or Multiemployer Plan; (iv) neither Borrower nor any other member of the Controlled Group has engaged in any prohibited transaction
(as defined in Section 4975 of the Code or Section 406 of ERISA) with respect to any Pension Plan; and (vi) no Termination Event has occurred
or is reasonably expected to occur with respect to any Pension Plan.

 

(b)   To
the knowledge of Borrower, all contributions (if any) have been made to any Multiemployer Pension Plan that are required to be made by
Borrower or any other member of the Controlled Group under the terms of the plan or of any collective bargaining agreement or by applicable
law. Except as could not reasonably be expected to result, either individually or in the aggregate, in a Material Adverse Effect, (i)neither
Borrower nor any other member of the Controlled Group has withdrawn or partially withdrawn from any Multiemployer Pension Plan, incurred
any withdrawal liability with respect to any such plan, or received notice of any claim or demand for withdrawal liability or partial
withdrawal liability from any such plan; and (ii) neither Borrower nor any other member of the Controlled Group has received any notice
that any Multiemployer Pension Plan is or may become insolvent.

 

9.10   Investment
Company Act. No Loan Party is required to register as an “investment company” under the Investment Company Act of 1940.

 

    55

     

    

 

9.11   Compliance
with Laws Consents; Certain Actions.

 

(a)   Each
of the Loan Parties and their Subsidiaries is in compliance in all respects with the requirements of all laws and all orders, writs, injunctions,
and decrees applicable to it or to its properties, except where (a) that requirement of law or order, writ, injunction, or decree is being
contested in good faith by appropriate proceedings diligently conducted, or (b) the failure to comply therewith, either individually or
in the aggregate, could not reasonably be expected to have a Material Adverse Effect.

 

(b)   Each
of the Loan Parties and their Subsidiaries have obtained all consents, approvals and authorizations of, made all declarations or filings
with, and given all notices to, all Government Authorities that are necessary as of the Effective Date to continue their respective businesses
as currently conducted, in each case except where the failure to do so could not reasonably be expected to cause a Material Adverse Effect.

 

(c)   As
of the Closing Date, no Governmental Authority has taken action to suspend, revoke or terminate any material permit or material license
of any Loan Party (excluding, for avoidance of doubt, any voluntary termination or expiration of any such license or permit initiated
by a Loan Party prior and unrelated to any such action by Governmental Authority).

 

(d)   As
of the Closing Date, (i) no class action claims (in court or in arbitration) have been asserted or threatened in writing and no more than
1,000 substantially similar claims (in court or in arbitration) have been asserted or threatened in writing, such that one or more such
claims or actions individually or in the aggregate involve potential monetary relief against the Loan Parties exceeding the Threshold
Amount or challenge the legality of revenues generated by the Loan Parties exceeding the Threshold Amount, as measured over the most recently
ended calendar year, except where such claim(s) could not reasonably be expected to result in a Material Adverse Effect, and (ii) no actions
have been initiated or threatened in writing by any Governmental Authority (or initiated defensively by any Loan Party against any Governmental
Authority), such that one or more such claims or actions individually or in the aggregate involve potential monetary relief against the
Loan Parties exceeding the Threshold Amount or challenge the legality of revenues generated by the Loan Parties exceeding the Threshold
Amount, as measured over the most recently ended calendar year, provided that the actions identified on Schedule 9.11(d) shall
not by themselves be deemed a violation of this representation and warranty.

 

9.12   Regulation T,
U, X. Borrower is not engaged principally, or as one of its important activities, in the business of extending credit for the purpose
of purchasing or carrying Margin Stock (under Regulations T, U or X of the Federal Reserve Board of Governors).

 

9.13   Taxes.
Each of the Loan Parties and their Subsidiaries has timely filed all material tax returns and reports required by law to have been filed
by it and has paid all material Taxes due and payable with respect to each such return, except any such Taxes or charges that (a) are
not delinquent, (b) remain payable without penalty or interest, or (c) are being diligently contested in good faith by appropriate proceedings
and for which adequate reserves in accordance with GAAP have been set aside on that Loan Party’s or that Subsidiary’s books.
The Loan Parties and their Subsidiaries have made adequate reserves on their books and records in accordance with GAAP for all Taxes that
have accrued but which are not yet due and payable.

 

9.14   Solvency,
etc. On the Closing Date, and immediately prior to and after giving effect to each borrowing under this Agreement and the use of the
proceeds thereof, with respect to Borrower, individually, and the Loan Parties taken as a whole, (a) the fair value of its or their
assets is greater than the amount of its or their liabilities (including disputed, contingent and unliquidated liabilities) as that value
is established and liabilities evaluated in accordance with GAAP; (b) the present fair saleable value of its or their assets is not
less than the amount that will be required to pay the probable liability on its or their debts as they become absolute and matured; (c) it
is, and they are, able to realize upon its or their assets and pay its or their debts and other liabilities (including disputed, contingent
and unliquidated liabilities) as they mature in the normal course of business; (d) it does not, and they do not, intend to, and it
does not, and they do not, believe that it or they will, incur debts or liabilities beyond its or their ability to pay as those debts
and liabilities mature; and (e) it is not, and they are not, engaged in or about to engage in business or a transaction for which
its or their property would constitute unreasonably small capital.

 

    56

     

    

 

9.15   Environmental
Matters. The on-going operations of each of the Loan Parties and their Subsidiaries comply in all respects with all Environmental
Laws, except for non-compliance that could not (if enforced in accordance with applicable law) reasonably be expected to result, either
individually or in the aggregate, in a Material Adverse Effect. Each of the Loan Parties and their Subsidiaries has obtained, and maintained
in good standing, all licenses, permits, authorizations, registrations, and other approvals required under any Environmental Law and required
for their respective ordinary course operations and each of the Loan Parties and their Subsidiaries is in compliance with all terms and
conditions thereof, except where the failure to do so could not reasonably be expected to result in material liability to any of the Loan
Parties and their Subsidiaries and could not reasonably be expected to result, either individually or in the aggregate, in a Material
Adverse Effect. None of the Loan Parties and their Subsidiaries, and none of the properties or operations of the Loan Parties and their
Subsidiaries, is subject to, and none of the Loan Parties and their Subsidiaries reasonably anticipates the issuance of, (a) any
written order from or agreement with any federal, state, or local governmental authority, or (b) any judicial or docketed administrative
or other proceeding respecting any Environmental Law, Environmental Claim, or Hazardous Substance that could reasonably be expected to
result, either individually or in the aggregate, in a Material Adverse Effect. No Hazardous Substances have been released or are present
at any property, arising from operations prior to the Closing Date, or relating to any waste disposal of any Loan Party or any Subsidiary
thereof that could reasonably be expected to result, either individually or in the aggregate, in a Material Adverse Effect.

 

9.16   Insurance.
Set forth on Schedule 9.16 is a complete and accurate summary of the property and casualty insurance program of the Loan Parties
and their Subsidiaries as of the Closing Date (including the names of all insurers, policy numbers, expiration dates, amounts and types
of coverage, annual premiums, exclusions, deductibles, self-insured retention, and a description in reasonable detail of any self-insurance
program, retrospective rating plan, fronting arrangement, or other risk assumption arrangement involving any of the Loan Parties and their
Subsidiaries). Each of the Loan Parties and their Subsidiaries and their respective properties are insured, in all material respects,
with what are reasonably believed by Borrower to be financially sound and reputable insurance companies that are not Affiliates of the
Loan Parties, in such amounts, with such deductibles, and covering such risks as are customarily carried by companies of similar size,
engaged in similar businesses, and owning similar properties in localities where the Loan Parties and their Subsidiaries operate.

 

9.17   Real
Property. Set forth on Schedule 9.17 is a complete and accurate list, as of the Closing Date, of the address of all real
property owned or leased by any of the Loan Parties and their Subsidiaries.

 

9.18   Information.
All information (other than the projections and forecasts referred to below and information of a general economic or general industry
nature) heretofore or contemporaneously with this Agreement furnished in writing by any of the Loan Parties and their Subsidiaries to
Administrative Agent or any Lender for purposes of or in connection with this Agreement and the transactions contemplated by this Agreement
is, and all written information (other than the projections and forecasts referred to below and information of a general economic or general
industry nature) hereafter furnished by or on behalf of any of the Loan Parties and their Subsidiaries to Administrative Agent or any
Lender pursuant to or in connection with this Agreement will be, when furnished, taken as a whole, true and accurate in all material respects
as of the date on which such information is delivered or certified and does not or will not, when furnished, 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 that are
made in accordance with the terms of the Loan Documents). All projections and forecasts provided by Borrower are based on good faith estimates
and assumptions believed by Borrower to be reasonable as of the date of the applicable projections, assumptions or forecasts; provided
that actual results during the period or periods covered by any such projections and forecasts may differ materially from projected or
forecasted results.

 

    57

     

    

 

9.19   Location
of Bank Accounts. Schedule 9.19 sets forth a complete and accurate list as of the Closing Date of all deposit, checking, and
other bank accounts, all securities and other accounts maintained with any broker dealer or other securities intermediary, and all other
similar accounts maintained by each Loan Party, together with a description thereof (including the bank, broker dealer, or securities
intermediary at which each such account is maintained and the account number and the purpose thereof).

 

9.20   [Reserved].

 

9.21   Intellectual
Property. Except as set forth on Schedule 9.21, each of the Loan Parties and their Subsidiaries owns or licenses or otherwise
has the right to use all patents, patent applications, trademarks, trademark applications, service marks, trade names, copyrights, copyright
applications, and other intellectual property rights (“Intellectual Property”) that are reasonably necessary for the
operation of its business as currently conducted, without infringement upon or conflict with the Intellectual Property rights of any other
Person with respect thereto, except for any infringements and conflicts that, individually or in the aggregate, could not reasonably be
expected to have a Material Adverse Effect. Set forth on Schedule 9.21 is a complete and accurate list as of the Closing Date of
all such material Intellectual Property of each of the Loan Parties and their Subsidiaries. The operation of the business of the Loan
Parties, as currently conducted, does not infringe upon or conflict with any Intellectual Property rights owned by any other Person, and
no claim or litigation regarding any Intellectual Property rights of any other Person is pending or threatened against the Loan Parties
or any of their Subsidiaries, except for any infringements and conflicts that could not reasonably be expected to have, individually or
in the aggregate, a Material Adverse Effect.

 

9.22   [Reserved].

 

9.23   Employee
and Labor Matters. Except as could not reasonably be expected to result, individually or in the aggregate, in Material Adverse Effect,
there is (a) no unfair labor practice complaint pending or, to the knowledge of any Borrower, threatened against any Loan Party or any
Subsidiary thereof before any governmental authority and no grievance or arbitration proceeding pending or threatened against any of the
Loan Parties and their Subsidiaries that arises out of or under any collective bargaining agreement; and (b) no strike, labor dispute,
slowdown, stoppage or similar action or grievance pending or, to the knowledge of Borrower, threatened against any of the Loan Parties
and their Subsidiaries.

 

9.24   [Reserved].

 

9.25   Name;
Jurisdiction of Organization; Organizational ID Number; Chief Place of Business; Chief Executive Office; FEIN. Schedule 9.25
sets forth a complete and accurate list as of the Closing Date of (a) the exact legal name of each of the Loan Parties and their
Subsidiaries; (b) the jurisdiction of organization of each of the Loan Parties and their Subsidiaries; (c) the organizational
identification number of each Loan Party (or indicates that that Loan Party has no organizational identification number); (d) each
place of business of each of the Loan Parties and their Subsidiaries; (e) the chief executive office of each of the Loan Parties
and their Subsidiaries; and (f) the federal employer identification number of each Loan Party.

 

    58

     

    

 

9.26   Locations
of Collateral. There is no location at which any Loan Party has any material portion of Collateral (except for inventory in transit
in the ordinary course of business) other than those locations listed on Schedule 9.26. Schedule 9.26 contains a true,
correct, and complete list, as of the Closing Date, of the names and addresses of each warehouse at which Collateral of each Loan Party
is stored. None of the receipts received by any Loan Party from any warehouse states that the goods covered thereby are to be delivered
to bearer or to the order of a named Person or to a named Person and that named Person’s assigns.

 

9.27   Security
Interests. The Guaranty and Collateral Agreement creates in favor of Administrative Agent, for the benefit of Administrative Agent
and the Lenders, a legal, valid, and enforceable security interest in the Collateral. Upon the filing of the UCC-1 financing statements
described in Section 12.1.15 and the recording of the collateral assignments referred to in the Guaranty and Collateral Agreement
in the United States Patent and Trademark Office and the United States Copyright Office, as applicable, the security interests in and
Liens on the Collateral granted under the Guaranty and Collateral Agreement (to the extent such Collateral can be perfected by the filing
of UCC-1 financing statements or recording such collateral assignments and the taking of such other action required by this Agreement
and the Collateral Documents) will be perfected, first-priority security interests, and no further recordings or filings are or will be
required in connection with the creation, perfection, or enforcement of those security interests and Liens, other than (a) the filing
of continuation statements in accordance with applicable law; and (b) the recording of the collateral assignments referred to in
the Guaranty and Collateral Agreement in the United States Patent and Trademark Office and the United States Copyright Office, as applicable,
with respect to after-acquired U.S. patent and trademark applications and registrations and U.S. copyright registrations.

 

9.28   No
Default. No Default or Event of Default exists or would result from the incurrence by any Loan Party of any Debt under this Agreement
or under any other Loan Document.

 

9.29   Hedging
Agreements. None of the Loan Parties and their Subsidiaries is a party to, nor will it be a party to, any Hedging Agreement other
than a bona fide (not speculative) Hedging Agreement.

 

9.30   OFAC.
Each of Borrower and its Subsidiaries is and will remain in compliance in all material respects with all U.S. economic sanctions laws,
Executive Orders and implementing regulations as promulgated by the U.S. Treasury Department’s Office of Foreign Assets Control
(“OFAC”), and all applicable anti-money laundering and counter-terrorism financing provisions of the Bank Secrecy Act
and all regulations issued pursuant to it. None of Borrower, its Subsidiaries or its or their respective Affiliates is (a) a Person
designated by the U.S. government on the list of the Specially Designated Nationals and Blocked Persons (the “SDN List”)
with which a U.S. Person cannot deal with or otherwise engage in business transactions; (b) a Person who is otherwise the target
of U.S. economic sanctions laws such that a U.S. Person cannot deal or otherwise engage in business transactions with that Person; or
(c) controlled by (including, without limitation ,by virtue of that Person being a director or owning voting shares or interests),
or acts, directly or indirectly, for or on behalf of, any Person on the SDN List or a foreign government that is the target of U.S. economic
sanctions prohibitions such that the entry into, or performance under, this Agreement or any other Loan Document would be prohibited under
U.S. law.

 

9.31   Patriot
Act. Each of Borrower and its Subsidiaries and its and their Affiliates are in compliance with (a) the Trading with the Enemy
Act, and each of the foreign assets control regulations of the United States Treasury Department (31 CFR, Subtitle B Chapter V) and any
other enabling legislation or executive order relating thereto; (b) the Patriot Act; and (c) other federal or state laws relating
to “know your customer” and anti-money laundering rules and regulations. No part of the proceeds of any Loan will be
used directly or indirectly for any payments to any government official or employee, political party, official of a political party, candidate
for political office, or anyone else acting in an official capacity, in order to obtain, retain or direct business or obtain any improper
advantage, in violation of the United States Foreign Corrupt Practices Act of 1977.

 

    59

     

    

 

Section
10 AFFIRMATIVE COVENANTS.

 

Until Payment in Full, Borrower
shall, unless at any time the Required Lenders otherwise expressly consent in writing, do the following:

 

10.1   Reports,
Certificates and Other Information. Furnish to Administrative Agent and each Lender:

 

10.1.1   Annual
Reports. On or prior to the date that is the earlier of (x) one hundred twenty (120) days after the end of each Fiscal Year (commencing
with the Fiscal Year ending December 31, 2021) and (y) the date following the end of a Fiscal Year (commencing with the Fiscal Year
ending December 31, 2021) by which Parent is required to file Form 10-K with the SEC, (i) the consolidated balance sheet of Borrower as
at the end of such Fiscal Year and the related consolidated statements of operations, stockholders’ equity and cash flows of Borrower
for such Fiscal Year and setting forth, in reasonable detail, in comparative form the corresponding figures for the previous Fiscal Year
and (ii) with respect to such consolidated financial statements, a report thereon of an independent certified public accountant of recognized
national standing or another accounting firm reasonably acceptable to Administrative Agent (which report shall not be subject to a “going
concern” or scope of audit qualification (except for any such qualification pertaining to, or disclosure of an exception or qualification
resulting from, (x) the maturity (or impending maturity) of any Debt or (y) any breach or anticipated breach of any financial covenant
hereunder), and shall state that such consolidated financial statements fairly present, in all material respects, the consolidated financial
position of Borrower as at the dates indicated and its income and cash flows for the periods indicated in conformity with GAAP in all
material respects.

 

10.1.2   Quarterly
Reports. Within sixty (60) days after the end of the first three Fiscal Quarters of each Fiscal Year, unaudited consolidated balance
sheets of the Company and its Subsidiaries as of the end of that Fiscal Quarter, together with consolidated statements of earnings and
a consolidated statement of cash flows for that Fiscal Quarter and for the period beginning with the first day of that Fiscal Year and
ending on the last day of that Fiscal Quarter, together with a comparison with the corresponding period of the previous Fiscal Year and
a comparison with the budget for that period of the current Fiscal Year, together with a management discussion and analysis, all certified
by a Senior Officer of the Company.

 

10.1.3   Monthly
Reports. Promptly when available and in any event within 30 days after the end of each month, (i) unaudited consolidated balance sheets
of the Company and its Subsidiaries as of the end of that month, together with consolidated statements of earnings and, if prepared for
internal use, a consolidated statement of cash flows for that month and for the period beginning with the first day of that Fiscal Year
and ending on the last day of that month and (ii) a certificate setting forth (1) Adjusted Revenue for such month, (2) the amount
of Liquidity and Unrestricted Cash as at the end of such month and (3) a snapshot and roll forward report with supporting documents reflecting
credit performance of the Company’s credit and financial products, including Credit Builder Plus and InstaCash and such other products
as Administrative Agent may request from time to time.

 

Notwithstanding the foregoing,
the obligations in Sections 10.1.1 and 10.1.2 may be satisfied with respect to financial information of the Company and its Subsidiaries
by furnishing the Form 10-K or 10-Q of Parent filed with the SEC; provided that, (i) if (1) such financial statements relate to
such other Person, such financial statements or the Form 10-K or Form 10-Q, as applicable, shall be accompanied by consolidating information
(which need not be audited) that summarizes in reasonable detail the differences between the information relating to such Person, on the
one hand, and the information relating to Borrower and its consolidated subsidiaries on a standalone basis, on the other hand, which consolidating
information shall be certified by a Senior Officer of Borrower as having been fairly presented in all material respects and (ii) to the
extent such statements are in lieu of statements required to be provided under ‎Section 10.1.1, such
statements shall be accompanied by an audit report that would satisfy the applicable requirements set forth in ‎Section
10.1.1 as if the references to “Borrower” therein were references to such Person; provided further, the Company
shall notify Administrative Agent upon any such filing.

 

    60

     

    

 

10.1.4   Compliance
Certificates. Contemporaneously with the furnishing of a copy of each annual audit report pursuant to Section 10.1.1 and
each set of quarterly statements pursuant to Section 10.1.2, a duly completed compliance certificate in the form of Exhibit
B, with appropriate insertions, dated the date of that annual report or those statements and signed by a Senior Officer of the Company,
containing (a) a computation of each of the financial ratios and restrictions set forth in Section 11.12; (b) a
certification to the effect that that Senior Officer has not become aware of any Default or Event of Default that has occurred and is
continuing or, if there is any such event, describing it and the steps, if any, being taken to cure it; and (c) a written statement
of the Company’s management setting forth a discussion of the Company’s and its Subsidiaries’ financial condition, changes
in financial condition, and results of operations.

 

10.1.5   Reports
to the SEC and to Shareholders. Promptly upon the filing or sending thereof, copies of all regular, periodic, or special reports of
any Loan Party filed with the SEC; copies of all registration statements of any Loan Party filed with the SEC (other than on Form S-8);
and copies of all proxy statements or other communications made to security holders generally.

 

10.1.6   Notice
of Default, Litigation, and ERISA Matters. Promptly upon becoming aware of any of the following, written notice describing the same
and the steps being taken by the Loan Parties and their Subsidiaries affected thereby with respect thereto:

 

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

 

(b)   the
commencement of, or any material adverse development in, any litigation or proceeding affecting any of the Loan Parties and their Subsidiaries
or their respective property (i) in which the amount of damages claimed is $2,000,000 (or its equivalent in another currency or currencies)
or more in the aggregate for all such litigations or proceedings; (ii) in which the relief sought is an injunction or other stay
of the performance of this Agreement or any other Loan Document; or (iii) which, if adversely determined, could reasonably be expected
to have a Material Adverse Effect;

 

(c)   (i)
the institution of any steps by Borrower or any other member of the Controlled Group or the PBGC to terminate any Pension Plan under Section
4041(c) or Section 4042 of ERISA; (ii) the failure of any member of the Controlled Group to make a required contribution to any Pension
Plan (if that failure is sufficient to give rise to a Lien under Section 303(k) of ERISA) or to any Multiemployer Pension Plan; (iii)
the taking of any action with respect to a Pension Plan that would result in the requirement that any Loan Party furnish a bond or other
security to the PBGC or that Pension Plan; (iv) the occurrence of any event with respect to any Pension Plan or Multiemployer Pension
Plan that could result in the incurrence by any member of the Controlled Group of any material liability, fine, or penalty (including
any claim or demand for withdrawal liability or partial withdrawal from any Multiemployer Pension Plan); (v) any notice received by Borrower
or any other member of the Controlled Group that any Multiemployer Pension Plan is or is reasonably expected to become insolvent; or (vi)
a Termination Event has occurred or is reasonably expected to occur with respect to any Pension Plan that could reasonably be expected
to result in Obligations or other liability to any Loan Party in excess of $3,000,000;

 

    61

     

    

 

(d)   (i)
any action by any Governmental Authority to suspend, revoke or terminate any material permit or material license of any Loan Party (excluding,
for avoidance of doubt, any voluntary termination or expiration of any such license or permit initiated by a Loan Party prior and unrelated
to any such action by Governmental Authority), (ii) any assertion or threat in writing of any class action claims (in court or in arbitration)
or 1,000 substantially similar claims (in court or in arbitration), such that one or more such claims or actions individually or in the
aggregate involve potential monetary relief against the Loan Parties exceeding the Threshold Amount or challenge the legality of revenues
generated by the Loan Parties exceeding the Threshold Amount, as measured over the most recently ended calendar year and (iii) any action
initiated or threatened in writing by any Governmental Authority (or initiated defensively by any Loan Party against any Governmental
Authority), such that one or more such claims or actions individually or in the aggregate involve potential monetary relief against the
Loan Parties exceeding the Threshold Amount or challenge the legality of revenues generated by the Loan Parties exceeding the Threshold
Amount, as measured over the most recently ended calendar year;

 

(e)   any
cancellation or material change in any material insurance maintained by any Loan Party;

 

(f)   any
material violation of, or material non-compliance with, any material requirement of law by any Loan Party; or

 

(g)   any
other event (including (i) any violation of any Environmental Law or the assertion of any Environmental Claim, or (ii) the enactment
or effectiveness of any law, rule, or regulation) in each case that could reasonably be expected to result in a Material Adverse Effect.

 

10.1.7   Real
Estate. Promptly upon any of the Loan Parties and their Subsidiaries acquiring or leasing any real property after the Closing Date,
an updated version of Schedule 9.17 showing information as of the date of delivery.

 

10.1.8   Management
Reports. Promptly upon receipt thereof, copies of all detailed financial and management reports submitted to Borrower by independent
auditors in connection with each annual or interim audit made by those auditors of the books of Borrower.

 

10.1.9   Projections.
Unless otherwise waived in the sole discretion of Administrative Agent, as soon as practicable, and in any event not later than 75 days
after the first day of each Fiscal Year (and, solely to the extent otherwise prepared by Borrower, within 75 days after the consummation
of any Permitted Acquisition; provided that such financial projections shall be required to be prepared and delivered by Borrower
for any Permitted Acquisition or series of related Permitted Acquisitions involving consideration individually or in the aggregate in
excess of $50,000,000), financial projections for the Company and its Subsidiaries for such current Fiscal Year (including a business
plan, monthly operating and cash flow budgets and a capital expenditures budget) prepared in a manner consistent with the projections
delivered by Borrower to Administrative Agent prior to the Closing Date or otherwise in a manner reasonably satisfactory to Administrative
Agent (which financial projections and forecasts shall be based on good faith estimates and assumptions believed by Borrower to be reasonable
as of the date of delivery by Borrower to Administrative Agent (it being understood that actual results during the period or periods covered
by any such projections may differ materially from projected or forecasted results)).

 

    62

     

    

 

10.1.10   Other
Information. Promptly from time to time, all other information (including, without limitation, business or financial data, reports,
appraisals and projections) concerning any of the Loan Parties and their Subsidiaries or their respective properties or business as any
Lender or Administrative Agent reasonably requests.

 

10.2   Books,
Records, and Inspections. Keep, and cause each of the Loan Parties and their Subsidiaries to keep, its books and records in accordance
with sound business practices sufficient to allow the preparation of financial statements in accordance with GAAP; permit, and cause each
other Loan Party and each Subsidiary of each Loan Party to permit, any Lender or Administrative Agent or any representative, agent, or
advisor thereof to inspect the properties and operations of the Loan Parties and their Subsidiaries; and permit, and cause each other
Loan Party and each Subsidiary of each Loan Party to permit, at any reasonable time (on a Business Day) and with reasonable notice (or
at any time without notice if an Event of Default exists), any Lender or Administrative Agent or any representative, agent, or advisor
thereof to visit any or all of its offices, to discuss its financial matters with its officers and its independent auditors (and Borrower
hereby authorizes all such independent auditors to discuss those financial matters with any Lender or Administrative Agent or any representative,
agent, or advisor thereof), and to examine (and photocopy extracts from) any of its books or other records; and permit, and cause each
other Loan Party and each Subsidiary of each Loan Party to permit, Administrative Agent and its representatives, agents, and advisors
to inspect the inventory and other tangible assets of the Loan Parties and their Subsidiaries, to perform appraisals of the equipment
of the Loan Parties and their Subsidiaries, and to inspect, audit, conduct physical counts and perform valuations thereof, and to audit,
check and make copies of and extracts from the books, records, computer data, computer programs, journals, orders, receipts, correspondence
and other data relating to inventory, accounts, and any other Collateral. All such visits, inspections, appraisals or audits by Administrative
Agent and its representatives, agents, and advisors will be at Borrower’s expense, except that other than during a Default or Event
of Default, (i) there shall not be more than two (2) such visits, inspections, appraisals or audits conducted by Administrative Agent
in any Fiscal Year and (ii) Borrower will not be required to reimburse Administrative Agent in any Fiscal Year for more than $100,000
for such visits, inspections, appraisals, or audits.

 

10.3   Maintenance
of Property; Insurance.

 

(a)   Except
as otherwise permitted hereunder, keep, and cause each of the Loan Parties and their Subsidiaries to keep, all material property useful
and necessary in the business of the Loan Parties and their Subsidiaries in good working order and condition, ordinary wear and tear and
casualty excepted.

 

(b)   Maintain,
and cause each of the Loan Parties and their Subsidiaries to maintain, with responsible insurance companies, all insurance coverage as
may be required by any law or governmental regulation or court decree or order applicable to it, general liability insurance and business
interruption insurance in such amounts and duration, and with such deductibles, is customarily carried by companies engaged in similar
businesses and owning similar properties in localities where Borrower, or the applicable Subsidiary operates, and all other insurance,
to such extent and against such hazards and liabilities, as is customarily maintained by companies similarly situated, but which must
insure against all risks and liabilities of the type identified on Schedule 9.16 and must have insured amounts no less than,
and deductibles no higher than, those set forth on that schedule; and, upon request of Administrative Agent or any Lender, furnish to
Administrative Agent or that Lender original or electronic copies of policies evidencing that insurance and a certificate setting forth
in reasonable detail the nature and extent of all insurance maintained by the Loan Parties and their Subsidiaries. Borrower shall cause
each issuer of an insurance policy in respect of any Loan Party to provide Administrative Agent with an endorsement (i) showing Administrative
Agent as lender’s loss payee with respect to each policy of property or casualty insurance and naming Administrative Agent as an
additional insured with respect to each policy of liability insurance; (ii) providing that thirty (30) days’ notice will be
given to Administrative Agent prior to any cancellation of, material reduction or change in coverage provided by or other material modification
to that policy; and (iii) reasonably acceptable in all other respects to Administrative Agent. Each Loan Party shall execute and
deliver to Administrative Agent a collateral assignment, in form and substance satisfactory to Administrative Agent, of each business
interruption insurance policy maintained by that Loan Party.

 

    63

     

    

 

(c)   Unless
Borrower provides Administrative Agent with evidence of the insurance coverage required by this Agreement, Administrative Agent may purchase
insurance at Borrower’s expense, after notice to Borrower, to protect Administrative Agent’s and the Lenders’ interests
in the Collateral. This insurance may, but need not, protect any Loan Party’s interests. The coverage that Administrative Agent
purchases might not pay any claim that is made against any Loan Party in connection with the Collateral. Borrower may later
cancel any insurance purchased by Administrative Agent, but only after providing Administrative Agent with evidence that Borrower has
obtained insurance as required by this Agreement. If Administrative Agent purchases insurance for the Collateral, Borrower will be responsible
for the costs of that insurance, including interest and any other charges that might be imposed with the placement of the insurance,
until the effective date of the cancellation or expiration of the insurance. The costs of the insurance may be added to the principal
amount of the Loans owing under this Agreement. The costs of the insurance may be more than the cost of the insurance the Loan Parties
might be able to obtain on their own.

 

10.4   Compliance
with Laws; Payment of Taxes and Liabilities.

 

(a)   Comply,
and cause each of the Loan Parties and their Subsidiaries to comply, in all respects with all applicable laws, rules, regulations, decrees,
orders, judgments, licenses, and permits, except where failure to comply could not reasonably be expected to have a Material Adverse Effect;

 

(b)   Without
limiting Section 10.4(a), ensure, and cause each of the Loan Parties and their Subsidiaries to ensure, that no Person who owns
a controlling interest in or otherwise controls any of the Loan Parties and their Subsidiaries is (i) listed on the SDN List
maintained by OFAC and/or any other similar lists maintained by OFAC pursuant to any authorizing statute, Executive Order, or regulation;
or (ii) a Person designated under Section 1(b), (c), or (d) of Executive Order No. 13224 (September 23, 2001), any
related enabling legislation, or any other similar Executive Orders.

 

(c)   Without
limiting Section 10.4(a), comply, and cause each of the Loan Parties and their Subsidiaries to comply, with all applicable Bank
Secrecy Act and anti-money laundering laws and regulations.

 

(d)   File
all federal, state and other material tax returns and reports required to be filed, and cause each of the Loan Parties and their Subsidiaries
to pay all federal, state and other taxes, assessment, fees and other governmental charges levied or imposed upon them or their properties,
income or assets as the same shall become due and payable, but none of the Loan Parties and their Subsidiaries will be required under
this Section 10.4(d) to pay any such tax or charge so long as the failure to do so could not reasonable be expected to have a Material
Adverse Effect or that Loan Party or that Subsidiary is contesting the validity thereof in good faith by appropriate proceedings and has
set aside on its books adequate reserves with respect thereto in accordance with GAAP, and, in the case of a claim that could become a
Lien on any Collateral, those contest proceedings stay the foreclosure of that Lien or the sale of any portion of the Collateral to satisfy
that claim.

 

    64

     

    

 

(e)   Each
of the Loan Parties and their Subsidiaries obtain and maintain all consents, approvals and authorizations of, make all declarations or
filings with, and give all notices to, all Government Authorities that are necessary to continue their respective businesses as currently
conducted, in each case except where the failure to do so would not reasonably be expected to cause a Material Adverse Effect.

 

10.5   Maintenance
of Existence, etc. Maintain and preserve, and (subject to Section 11.4) cause each of the Loan Parties and their Subsidiaries
to maintain and preserve, (a) its existence and good standing in the jurisdiction of its organization and (b) its qualification
to do business and good standing in each jurisdiction where the nature of its business makes that qualification necessary (other than
any such jurisdictions in which the failure to be qualified or in good standing could not reasonably be expected to have a Material Adverse
Effect).

 

10.6   Use
of Proceeds. Use the proceeds of the Loans solely to repay the Debt to be Repaid, for working capital purposes, repayment of Term
A-2 Loans with Term B Loans or Incremental Loans and for other general business purposes and any other purpose not prohibited by this
Agreement (including Permitted Acquisitions); and not use or permit any proceeds of any Loan to be used, either directly or indirectly,
for the purpose, whether immediate, incidental or ultimate, of “purchasing or carrying” any Margin Stock.

 

10.7   Employee
Benefit Plans.

 

(a)   Maintain,
and cause each other member of the Controlled Group to maintain, each Pension Plan in compliance with all applicable requirements of law
and regulations;

 

(b)   Make,
and cause each other member of the Controlled Group to make, on a timely basis, all required contributions to any Multiemployer Pension
Plan; and

 

(c)   Not,
and not permit any other member of the Controlled Group to, (i) seek a waiver of the minimum funding standards of ERISA, (ii) terminate
or withdraw from any Pension Plan or Multiemployer Pension Plan or (iii) take any other action with respect to any Pension Plan that
could reasonably be expected to entitle the PBGC to terminate, impose liability in respect of, or cause a trustee to be appointed to administer,
any Pension Plan;

 

unless the actions or events
described in clauses (a), (b), and/or (c) individually or in the aggregate could not reasonably be expected
to have a Material Adverse Effect.

 

10.8   Environmental
Matters. If any release or threatened release or other disposal of Hazardous Substances occurs or has occurred on any real property
or any other assets of any of the Loan Parties and their Subsidiaries, then Borrower shall, or shall cause the applicable Loan Party or
the applicable Subsidiary of a Loan Party to, cause the prompt containment and removal of those Hazardous Substances and the remediation
of that real property or other assets as necessary to materially comply with all applicable Environmental Laws and to preserve in all
material respects the value of that real property or other assets. Without limiting the generality of the foregoing, Borrower shall, and
shall cause the Loan Parties and their Subsidiaries to, comply in all material respects with any applicable federal or state judicial
or administrative order requiring the performance at any real property of any of the Loan Parties and their Subsidiaries of activities
in response to the release or threatened release of a Hazardous Substance. Borrower shall, and shall cause its Subsidiaries to, dispose
of all Hazardous Substances in compliance in all material respects with Environmental Laws.

 

    65

     

    

 

10.9   Lender
Meetings. Upon the request of Administrative Agent (which request, so long as no Event of Default shall have occurred and be continuing,
shall not be made more than once in any Fiscal Quarter) and upon reasonable prior notice, participate in customary meetings with Administrative
Agent and Lenders (at Borrower’s corporate offices (or at such other location as may be agreed to by Borrower and Administrative
Agent) or by teleconference at such time as may be reasonably agreed to by Borrower and Administrative Agent, to discuss business, financial,
legal, regulatory, product offering and/or other customary matters relating to the Company and its Subsidiaries (including related participation
and follow-up by counsels to the Company and Administrative Agent).

 

10.10   Further
Assurances. Take, and cause each other Loan Party to take, all actions as are necessary or as Administrative Agent or the Required
Lenders reasonably request from time to time to ensure that the Obligations of each Loan Party under the Loan Documents are secured by
a first-priority perfected Lien in favor of Administrative Agent (subject to Permitted Liens) on the Collateral and guaranteed by each
Loan Party (including, within thirty (30) days of the acquisition or creation thereof (or any longer period Administrative Agent agrees
to in its sole discretion), any Subsidiary acquired or created after the Closing Date, but excluding each Excluded Subsidiary) and as
Administrative Agent reasonably determines, including (i) the execution and delivery of guaranties, security agreements, pledge agreements,
mortgages (including, without limitation, leasehold mortgages), deeds of trust (including, without limitation, leasehold deeds of trust),
financing statements, opinions of counsel, and other documents, in each case in form and substance reasonably satisfactory to Administrative
Agent, and the filing or recording of any of the foregoing; (ii) the delivery of certificated securities and other Collateral with respect
to which perfection is obtained by possession to the extent required by the terms of the Guaranty and Collateral Agreement; and (iii)
with respect to any real property acquired by any Loan Party after the Closing Date in which such Loan Party has a fee interest, the delivery
with respect to real property with a value in excess of $500,000 (to the extent requested by Administrative Agent) within seventy-five
(75) days after the date that real property was acquired (or any longer period Administrative Agent agrees to in its sole discretion)
of a duly executed Mortgage with respect to that real property providing for a fully perfected Lien, in favor of Administrative Agent,
in all right, title and interest of the applicable Loan Party in that real property, together with all Mortgage-Related Documents and
a legal opinion of special counsel for the applicable Loan Party for the state in which that real property is located in form and substance
reasonably acceptable to Administrative Agent.

 

10.11   Deposit
Accounts. Unless Administrative Agent otherwise consents in writing, from and after the date which is forty-five (45) days after the
Closing Date (or such later date as Administrative Agent may agree), maintain, and cause each other Loan Party to maintain, all of their
deposit accounts and securities accounts, other than Excluded Deposit Accounts, with an institution that has entered into one or more
Control Agreements with Administrative Agent and the applicable Loan Party granting “control” (as defined in the UCC) of each
applicable account to Administrative Agent.

 

10.12   Collateral
Access Agreements. If requested by Administrative Agent in writing with respect to any property leased by any Loan Party in which
Collateral is located or books and records relating thereto are maintained, the Company shall use reasonable best efforts to promptly
deliver a Collateral Access Agreement with respect to such premises. The parties agree that failure to deliver any such Collateral Access
Agreement after application of such commercially reasonable efforts shall not be a Default or Event of Default hereunder.

 

10.13   Guarantor
Joinders. Within 45 days after the Closing Date (or such longer period as the Administrative Agent may agree), cause each Subsidiary
of Parent as of the Closing Date that is not a Loan Party as of the Closing Date (other than any Excluded Subsidiary) to become a Guarantor
under the Loan Documents and otherwise satisfy the requirements set forth in Section 10.10 hereof with respect thereto (it being understood
and agreed that no opinions of counsel shall be required in connection with the satisfaction of this Section 10.13 to the extent that
the Subsidiaries becoming Guarantors pursuant to this Section 10.13 do not in the aggregate comprise more than 10% of assets or revenues
of Parent and its Subsidiaries on a consolidated basis).

 

    66

     

    

 

Section
11 NEGATIVE COVENANTS

 

Until Payment in Full, Borrower
(and, for purposes of Section 11.4, Parent) shall, unless at any time the Required Lenders otherwise expressly consent in writing, do
the following:

 

11.1   Debt.
Not, and not permit any of the Loan Parties and their Subsidiaries to, create, incur, assume, or suffer to exist any Debt, except the
following:

 

(a)   Obligations
under this Agreement and the other Loan Documents;

 

(b)   Debt
of any of the Loan Parties and their Subsidiaries secured by Liens permitted by Section 11.2(d), so long as the aggregate amount of all
such Debt at any time outstanding does not exceed $2,000,000;

 

(c)   (i)
Debt of any Loan Party to any other Loan Party; (ii) Debt of any Subsidiary which is not a Loan Party owing to a Loan Party so long as
the aggregate amount at any time outstanding is otherwise permitted as an Investment under Section 11.9; (iii) Debt of any Loan Party
owing to any Subsidiary which is not a Loan Party, which is expressly subordinated to the Obligations pursuant to the Intercompany Subordination
Agreement; and (iv) Debt of any Subsidiary which is not a Loan Party to any other Subsidiary which is not a Loan Party;

 

(d)   Debt
arising in connection with endorsement of instruments for deposit in the ordinary course of business;

 

(e)   Debt
of any Loan Party to any employee, officer, or director or any such Person’s spouse, estate, or estate-planning vehicle to repurchase
Equity Interests from that Person upon the death, disability, or termination of employment of that employee, officer of director, so long
as the aggregate amount of all such Debt at any time outstanding does not exceed $1,000,000;

 

(f)   Hedging
Obligations incurred for bona fide hedging purposes and not for speculative purposes;

 

(g)   Debt
described on Schedule 11.1 and any extension, renewal, replacement or refinancing thereof so long as the principal amount thereof is not
increased;

 

(h)   the
Debt to be Repaid (so long as that Debt is repaid on the Closing Date with the proceeds of the initial Loans under this Agreement);

 

(i)   Contingent
Liabilities arising with respect to (i) customary indemnification obligations by any of the Loan Parties and their Subsidiaries in favor
of purchasers in connection with dispositions permitted under Section 11.4, and (ii) agreements providing for indemnification, workers’
compensation claims, self-insurance obligations, adjustment of purchase price or similar obligations, or from guarantees or letters of
credit, surety bonds, appeals bonds or performance bonds securing the performance of any Loan Party pursuant to such agreements, in connection
with Permitted Acquisitions, in each case in each of the foregoing, not in the form of Funded Debt and (iii) the guaranty by a Loan Party
or any Subsidiary thereof of a lease, sublease, license, or sublicense entered into in the ordinary course of business or such other Debt
permitted by the terms of this Agreement by another Loan Party or any Subsidiary thereof;

 

    67

     

    

 

(j)   Debt
in respect of credit cards, credit card processing services, debit cards, stored value cards, purchasing cards, clearinghouse arrangements,
netting services, overdraft protection, and other like services, in each case, incurred in the ordinary course of business;

 

(k)   Debt
existing on the Closing Date and set forth on Schedule 11.1;

 

(l)   Subordinated
Debt;

 

(m)   Debt
acquired in connection with a Permitted Acquisition, including Debt to pay indemnification, contingent purchase price payments, or other
purchase price adjustments, but solely to the extent (i) the business, division or assets acquired generated positive EBITDA for the four
consecutive fiscal quarters most recently ended prior to that Acquisition and (ii) the amount of Debt so assumed in connection with any
such Permitted Acquisition is not more than 4.0x the amount of EBITDA generated by the business, division or assets acquired, in an aggregate
outstanding amount not at any time exceeding $25,000,000; provided that (i) such Debt was not incurred in contemplation of such
Permitted Acquisition and (ii) such Debt is secured only by the assets acquired in the applicable Permitted Acquisition (including any
acquired Equity Interests) and the proceeds, products, replacements and accessions thereof;

 

(n)   Debt
of any SPV Financing Entity with respect to any purchase of accounts receivable, loan financing, warehouse, or other similar agreement,
which shall not include any obligation or Debt of Borrower or any other Subsidiary that is not an SPV Financing Entity, so long as such
debt is non-recourse to the Loan Parties and their Subsidiaries (other than any SPV Financing Entity) other than customary limited recourse
items;

 

(o)   Debt
consisting of the financing of insurance premiums;

 

(p)   other
unsecured Debt of the Loan Parties and their Subsidiaries in an aggregate outstanding amount not at any time exceeding (x) prior to the
EBITDA Trigger Date, $5,000,000 and (y) following the EBITDA Trigger Date, $15,000,000;

 

(q)   to
the extent constituting Debt, earn-out obligations incurred in connection with Permitted Acquisitions, so long as (i) the aggregate amount
of all such Debt at any time outstanding (determined by reference to the maximum potential amount of any such Debt if the earn-out obligations
become fully-earned) does not exceed $10,000,000 plus the Malka Earn-Out, the Malka Make-Whole and the Even Financial Earn-Out and (ii)
any such earn-out obligations other than the Malka Earn-Out, the Malka Make-Whole and Even Earn-Out are subordinated in right of payment
to the Obligations;

 

(r)   Debt
constituting taxes, assessments, municipal or other governmental charges to the extent non-payment of any such amounts does not otherwise
constitute a Default or Event of Default;

 

(s)   unsecured
Debt to trade creditors and pursuant to credit cards incurred in the ordinary course of business;

 

(t)   Debt
incurred as a result of endorsing negotiable instruments received in the ordinary course of business;

 

(u)   Debt
secured by Liens permitted under Section 11.2(c);

 

(v)   to
the extent constituting Debt, Investments permitted pursuant to Section 11.9;

 

    68

     

    

 

(w)   Debt
comprised of letters of credit and other credit support obligations in an aggregate principal amount not to exceed $10,000,000 which,
if secured, is secured by Liens permitted pursuant to Section 11.2(s).

 

(x)   (x)
(i) any obligations incurred under ERISA or under any employee consulting agreements, (ii) accrued expenses, trade accounts payable, accruals
for payroll and other liabilities accrued in the ordinary course of business (including on an intercompany basis) and (iii) liabilities
associated with customer prepayments and deposits;

 

(y)   any
Permitted Convertible Debt;

 

(z)   any
Incremental Equivalent Debt; and

 

(aa) extensions, refinancings,
modifications, amendments and restatements of any items of Debt incurred pursuant to (a), (b), (c), (l), (m), (q), (t), (w), (y) and (z)
above, provided that the principal amount thereof is not increased.

 

To the extent Debt which is
permitted to be incurred hereunder is incurred directly by a Loan Party or other Person and guaranteed by another Loan Party or any other
Person the guarantee of such Debt shall be permitted under this Section 11.1 and this Agreement, without duplication.

 

11.2   Liens.
Not, and not permit any of the Loan Parties and their Subsidiaries to, create or permit to exist any Lien on any of its real or personal
properties, assets, or rights of whatsoever nature (whether now owned or hereafter acquired), except the following:

 

(a)   Liens
for taxes or other governmental charges not at the time delinquent or thereafter payable without penalty, or being diligently contested
in good faith by appropriate proceedings (as determined by Borrower in good faith), and, in each case, for which it maintains adequate
reserves in accordance with GAAP and the execution or other enforcement of which is effectively stayed;

 

(b)   Liens
arising in the ordinary course of business any of the Loan Parties and their Subsidiaries (such as (i) Liens of landlords, carriers,
warehousemen, mechanics and materialmen and other similar Liens imposed by law and (ii) Liens in the form of deposits or pledges
incurred in connection with worker’s compensation, unemployment compensation and other types of social security (excluding Liens
arising under ERISA) or in connection with surety bonds, bids, performance bonds, and similar obligations) for sums not overdue or being
diligently contested in good faith by appropriate proceedings and not involving any advances or borrowed money or the deferred purchase
price of property or services and, in each case, for which it maintains adequate reserves in accordance with GAAP and the execution or
other enforcement of which is effectively stayed;

 

(c)   Liens
described on Schedule 11.2 as of the Closing Date and replacements, renewals and extensions thereof on the assets currently
subject to those Liens;

 

(d)   subject
to the limitation set forth in Section 11.1(b), the following: (i) Liens arising in connection with Capital Leases (and
attaching only to the property being leased); (ii) Liens existing on property at the time of the acquisition thereof by any of the
Loan Parties and their Subsidiaries (and not created in contemplation of that acquisition); and (iii) Liens that constitute purchase
money security interests on any property securing debt incurred for the purpose of financing all or any part of the cost of acquiring
that property, so long as any such Lien attaches to the applicable property within 20 days of the acquisition thereof and attaches
solely to the property so acquired;

 

    69

     

    

 

(e)   easements,
rights of way, restrictions (including zoning restrictions), covenants, encroachments, and other similar real property charges or encumbrances,
minor defects or irregularities in title, and other similar real property Liens not interfering in any material respect with the ordinary
conduct of the business of any Loan Party or any Subsidiary thereof;

 

(f)   leases,
subleases, licenses, or sublicenses of the assets or properties of any of the Loan Parties and their Subsidiaries, in each case entered
into in the ordinary course of business and not interfering in any material respect with the business of any of the Loan Parties and their
Subsidiaries;

 

(g)   customary
set-off rights against depository accounts permitted under this Agreement in favor of banks at which any of the Loan Parties and their
Subsidiaries maintains any such depository accounts, so long as those set-off rights secure only the obligations of that Loan Party or
that Subsidiary to pay ordinary course fees and bank charges;

 

(h)   Liens
consisting of precautionary filings of UCC financing statements filed with respect to Operating Leases permitted under this Agreement
and any interest of title of a lessor under any Operating Lease permitted under this Agreement;

 

(i)   Liens
arising under the Loan Documents;

 

(j)   Liens
arising from judgments in circumstances not constituting an Event of Default;

 

(k)   Liens
arising out of the sale or transfer to an SPV Financing Entity of consumer loans or membership receivables made in compliance with the
terms of this Agreement, including Liens perfected by the filing of a Uniform Commercial Code financing statement covering such consumer
loans or membership receivables naming Borrower, as “debtor” or “seller,” and any grant of a “back-up”
security interest in favor of such SPV Financing Entity in connection with any such sale or transfer;

 

(l)   Liens
in the form of cash collateralization to secure reimbursement obligations with respect to automated clearing house treasury management
arrangements, credit cards, credit card processing services, debit cards, stored value cards, and purchase cards obtained in the ordinary
course of business and otherwise permitted hereunder;

 

(m)   to
the extent constituting a Lien, any interest of a lessor or licensor (including any sublessor or sublicensor) under any lease or license
(including any sublease or sublicense) entered into by Borrower or any Subsidiary in the ordinary course of business and covering only
the assets so leased or licensed (but excluding any Capital Lease or purchase-money transaction covered by clause (c) above);

 

(n)   Liens
arising from judgments, decrees or attachments in circumstances not constituting an Event of Default under Section 13.1.8;

 

(o)   Liens
existing on the Closing Date and set forth on Schedule 11.2;

 

(p)   other
Liens with respect to obligations that do not in the aggregate exceed $3,000,000 at any time outstanding;

 

(q)   Liens
securing Debt permitted in accordance with Section 11.1(r); provided that such Liens were not granted in contemplation of such
Permitted Acquisition;

 

    70

     

    

 

(r)   deposits
to secure the performance of bids, trade contracts and leases (other than Debt), statutory obligations, surety and appeal bonds, performance
bonds and other obligations of a like nature incurred in the ordinary course of business;

 

(s)   Liens
on cash, Cash Equivalent Investments or other marketable securities to secure letters of credit and other credit support obligations of
the Company and its Subsidiaries in an amount up to 105% of the face amount thereof; and

 

(t)   Liens
on securing Incremental Equivalent Debt permitted pursuant to Section 2.1.2(f); provided that a representative acting on behalf of the
lenders or investors providing such Debt shall have entered into a Subordination Agreement (and the Lenders hereby authorize and direct
the Administrative Agent to enter into any such Subordination Agreement).

 

11.3   Restricted
Payments. Not, and not permit any of the Loan Parties and their Subsidiaries to, (i) make any dividend or distribution to any
holders of its Equity Interests; (ii) purchase or redeem any of its Equity Interests; (iii) pay any management fees, transaction-based
fees, or similar fees to any of its equity holders or any Affiliate thereof; (iv) make any payment on account of Debt that has been
contractually subordinated in right of payment to the Obligations if that payment is not permitted at that time under the applicable subordination
terms and conditions; (v) make any voluntary or mandatory prepayment of principal with respect to any unsecured Debt or any Debt secured
by a Lien that is junior to the Liens securing the Obligations (any prepayments or payments of the type describe in foregoing clauses
(d) and (e), a “Junior Debt Payment”); or (vi) set aside funds for any of the foregoing, except that any Subsidiary
may pay dividends or make other distributions to a Loan Party and any Loan Party may pay dividends or make other distributions to Borrower
or any Subsidiary of Borrower (each of the foregoing clauses (a) though (f), a “Restricted Payment”), except that:

 

(a)   Borrower
may make distributions to Parent to pay (x) overhead and administrative legal, accounting and similar fees, costs, and expenses of Parent
and (y) customary expenses of directors of Parent and customary expenses for meeting of the board of directors (including compensation
expenses), in each case, incurred in the ordinary course of business;

 

(b)   Loan
Parties and their Subsidiaries may make payments on account of earn-out obligations permitted pursuant to Section 11.1(q), so long as
in the case of such earn-out obligations, (1) immediately before and immediately after giving effect to such payment, no Default
or Event of Default exists or would result therefrom and (2) Borrower is in pro forma compliance with all of the financial covenants set
forth in Section 11.12 (recomputed for the most recent Fiscal Quarter for which financial statements have been delivered);

 

(c)   Borrower
may make payments on account of Subordinated Debt to the extent such payments are permitted pursuant to the terms of the applicable Subordination
Agreement;

 

(d)   Borrower
may make Restricted Payments in an aggregate amount not to exceed $3,000,000 in any Fiscal Year during the term of this Agreement (1)
to any officers to purchase or redeem Equity Interests of Borrower or Parent issued to officers, directors and employees, so long as no
Event of Default exists or would result therefrom; (2) to any directors to pay the expenses of directors of Borrower or Parent and expenses
for meeting of the board of directors subject to the limitations on amounts contained in this Agreement; and (3) to any officers in the
ordinary course of business so long as such payment is to cover reimbursable expenses of such officer

 

    71

     

    

 

(e)   Borrower
may make Restricted Payments that are Tax Distributions;

 

(f)   Borrower
and each Subsidiary may declare and make dividend payments or other Restricted Payments payable solely in the Equity Interests (other
than Disqualified Equity Interests) of such Person (and, in the case of such a Restricted Payment by a non-wholly owned Subsidiary, to
Borrower and any other Subsidiary and to each other owner of Equity Interests of such Subsidiary based on their relative ownership interests
of the relevant class of Equity Interests);

 

(g)   Borrower
or any of its Subsidiaries (i) may repurchase Equity Interests if such Equity Interests represent a portion of the exercise price of any
option or warrant upon the exercise thereof and (ii) may make cash payments in lieu of issuing fractional or “odd lot” Equity
Interests in connection with any Permitted Acquisition or in lieu of issuing fractional shares in connection with the exercise of warrants,
options or other securities convertible into or exchangeable for Equity Interests of Parent and direct or indirect parent thereof;

 

(h)   Borrower
or any of its Subsidiaries may make Restricted Payments in respect of the purchase price, the working capital adjustments, the purchase
price adjustments and any holdback obligations in connection with any Permitted Acquisition or other permitted Investments;

 

(i)   Borrower
may make Restricted Payments to Parent, the proceeds of which shall be used solely:

 

(i)   to
pay franchise Taxes and other fees and Taxes (other than income Taxes) imposed upon it and expenses required to maintain its corporate
existence;

 

(ii)   to
pay customary salary, bonus and other similar benefits payable to officers and employees of Parent or any direct or indirect parent thereof
to the extent such salaries, bonuses and other benefits are attributable to the ownership or operation of Borrower and its Subsidiaries;
or

 

(iii)   to
pay insurance premiums to the extent attributable to Parent or any direct or indirect parent thereof;

 

(j)   so
long as no Default or Event of Default shall have occurred and be continuing or would result therefrom, Loan Parties may make other Restricted
Payments in an aggregate amount (x) prior to the EBITDA Trigger Date, not to exceed $350,000 and (y) from and after the EBITDA Trigger
Date not to exceed the lesser of $10,000,000 and 10% of EBITDA for the Computation Period most recently ended, in the case of this clause
(y) so long as the Total Debt to EBITDA Ratio on a pro forma basis immediately after giving effect to such Restricted Payment does not
exceed 4.00:1.00;

 

(k)   to
make any payment on behalf of and for the benefit of Borrower or its Subsidiaries that is otherwise permitted to be made by Borrower or
its Subsidiaries pursuant to the terms hereof (in lieu of Borrower or such Subsidiary making such payment); provided that any such payment
shall be deemed to be made under the applicable basket that Borrower is relying on for purposes of making such payment and such payment
shall be treated as if paid by Borrower or such Subsidiary for purposes of calculating Consolidated Net Income, Consolidated Adjusted
EBITDA and Excess Cash Flow;

 

(l)   any
Subsidiary may make a Restricted Payment its equity holders on a pro rata basis (or greater than pro rata basis to any other Subsidiary
of Borrower to Borrower);

 

(m)   (x)
Parent may pay (and/or Borrower may make Restricted Payments to Parent to enable Parent to pay) the Even Financial Dividend and (y) Parent
may pay the Malka Make-Whole in the form of (x) shares of common stock par value $0.0001 per share of Parent and/or (y) solely with the
consent of the Administrative Agent, cash (in which case of this clause (y), Borrower may make Restricted Payments to Parent to pay such
cash amount);

 

    72

     

    

 

(n)   so
long as no Event of Default pursuant to Section 13.1.1, 13.1.4, 13.1.5(a) (solely as a result of failure to comply with Section 11.12)
or 13.1.8(b) or (c) exists or would result therefrom, Borrower may make Restricted Payments to Parent to permit Parent to, and Parent
may, (i) make interest payments owing to the holders of any Permitted Convertible Debt, so long as the interest rate on such Permitted
Convertible Debt is not in excess of 7.00% per annum, and make other customary payments and/or deliveries required by the terms of any
Permitted Convertible Debt (including, without limitation, payments due upon required repurchase thereof and/or payments and deliveries
due upon conversion thereof), (ii) pay the premium in respect of, and otherwise perform its obligations under, any Permitted Bond Hedge
Transaction and (iii) make any payments and/or deliveries required by the terms of, and otherwise perform its obligations under, any Permitted
Warrant Transaction (including, without limitation, making payments and/or deliveries due upon exercise and settlement or termination
thereof);

 

(o)   Borrower
or any of its Subsidiaries may make Junior Debt Payments in an aggregate principal amount not to exceed $500,000 in any Fiscal Year so
long as at the time of any such prepayment, no Event of Default exists or would result therefrom; and

 

(p)   any
refinancing, purchase, defeasance, redemption, repurchase, repayment or other acquisition or retirement of any Subordinated Debt made
by exchange for, or out of the proceeds of, refinancing Debt permitted by Section 11.1.

 

11.4   Mergers,
Consolidations, Sales. Not, and not permit any of the Loan Parties and their Subsidiaries to, (a) be a party to any merger or
consolidation; (b) sell, transfer, dispose of, convey, or lease any of its assets or Equity Interests (including the sale of Equity Interests
of any Subsidiary); (c) sell or assign with or without recourse any receivables; or (d) purchase or otherwise acquire all or substantially
all of the assets or any Equity Interests, or any partnership or joint venture interest in, any other Person or make any Acquisition,
except the following:

 

(i)   any
such merger, consolidation, sale, transfer, acquisition, conveyance, lease, or assignment of or by Borrower or Subsidiary with and into
Borrower so long as (A) no other provision of this Agreement would be violated thereby; (B) Borrower gives Administrative Agent
at least five (5) Business Days’ prior written notice of that merger or consolidation (or such shorter notice as Administrative
Agent may agree); (C) no Default or Event of Default has occurred and is continuing either before or after giving effect to that
transaction; and (D) the Lenders’ rights in any Collateral, including the existence, perfection and priority of any Lien thereon,
are not adversely affected by that merger or consolidation;

 

(ii)   mergers,
consolidations, or Acquisitions which are Permitted Acquisitions;

 

(iii)   sales,
leases, assignments, abandonment, or other dispositions of equipment that is substantially worn, damaged, or obsolete or no longer used
or useful in the ordinary course of business and leases or subleases of Real Property not useful in the conduct of the business of the
Loan Parties and their Subsidiaries;

 

(iv)   the
licensing, sublicensing or granting any other right to use on a non-exclusive basis (including the provision of software under an open
source license) of Intellectual Property in the ordinary course of business;

 

    73

     

    

 

(v)   the
sale or discount, in each case without recourse, of accounts receivable arising in the ordinary course of business, but only in connection
with the compromise or collection thereof;

 

(vi)   (i)
the lapse of registered patents, trademarks, copyrights and other Intellectual Property of any Loan Party or any of its Subsidiaries to
the extent no longer used or useful or not economically desirable in the conduct of its business, or (ii) the abandonment of patents,
trademarks, copyrights, or other Intellectual Property rights in the ordinary course of business so long as (in each case under clauses
(i) and (ii)), (A) with respect to copyrights, such copyrights are not material revenue generating copyrights, and (B) such lapse is not
materially adverse to the interests of the Secured Parties;

 

(vii)   so
long as no Event of Default has occurred and is continuing or would immediately result therefrom, transfers of assets from any Subsidiary
of any Loan Party that is not a Loan Party to any other Subsidiary of any Loan Party;

 

(viii)   sales,
leases, assignments, conveyances, other transfers for value and dispositions of assets, in each case, that constitute a Permitted Asset
Disposition;

 

(ix)   subject
to the absence of any Default or Event of Default that is continuing or would immediately result therefrom, other Asset Dispositions of
Borrower and its Subsidiaries for fair market value in an aggregate amount not to exceed $2,500,000 in any Fiscal Year; provided
that with respect to any single Asset Disposition or series of related Assets Dispositions involving assets having a fair market value
in excess of $500,000, at least 75% of the consideration for such Asset Disposition, shall consist of Cash or Cash Equivalent Investments;
provided further, that the Net Cash Proceeds of such Asset Disposition shall be applied and/or reinvested as (and to the extent)
required by this Agreement; and provided, further, that Asset Dispositions pursuant to this clause (ix) may not include
any Intellectual Property material to the operation of Borrower’s business;

 

(x)   issuance
by Parent or any of its Subsidiaries of its Equity Interests so long as no Change of Control will occur as a result thereof and such issuance
is otherwise permitted hereunder;

 

(xi)   dispositions
of receivables to an SPV Financing Entity in connection with a receivables factoring, receivable sale or similar transaction (including
any warehouse financing);

 

(xii)   any
termination or unwinding of any Permitted Bond Hedge Transaction solely to the extent the cash amount payable by Loan Parties as a result
of such terminations does not exceed $5,000,000 in the aggregate; and

 

(xiii)   any
disposition of Cash and Cash Equivalent Investments in connection with a transaction otherwise permitted by this Agreement.

 

11.5   Modification
of Certain Documents; Organizational Form.

 

(a)   Not
permit the organizational documents or governing documents of any Loan Party to be amended or modified in any way that could reasonably
be expected to materially adversely affect the interests of the Lenders.

 

(b)   Not
change, or allow any Loan Party to change, its state of formation or its organizational form except upon thirty (30) days’ prior
notice to Administrative Agent (or such shorter period as Administrative Agent may agree); provided that such Loan Party shall
take all actions requested by the Administrative Agent in its sole discretion to maintain a Lien in favor of Administrative Agent (subject
to Permitted Liens) on all of the assets of such Loan Party that constitute Collateral prior to any such change.

 

    74

     

    

 

11.6   Transactions
with Affiliates. Not, and not permit any of the Loan Parties and their Subsidiaries to, enter into, or cause, suffer, or permit to
exist any transaction, arrangement, or contract with any of its other Affiliates involving payments in excess of $250,000 per transaction
and $750,000 in the aggregate which is on terms which are less favorable than are obtainable from any Person which is not one of its Affiliates,
except:

 

(a)   to
the extent expressly permitted by Sections 11.3 and 11.4(i));

 

(b)   transactions
relating to agreements listed on Schedule 11.6 as of the Closing Date;

 

(c)   any
transaction between or among Parent, Borrower and/or one or more Subsidiaries (or any entity that becomes a Subsidiary as a result of
such transaction) to the extent permitted or not restricted by this Agreement;

 

(d)   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 Parent or of Borrower or any Subsidiary;

 

(e)   the
declaration or payment of any Restricted Payment otherwise permitted hereunder;

 

(f)   transactions
with customers, clients, suppliers, licensees, joint ventures, purchasers or sellers of goods or services or providers of employees or
other labor entered into in the ordinary course of business, which are (A) fair to Borrower and/or its applicable Subsidiary in the good
faith determination of the board of directors (or similar governing body) of Borrower or the senior management thereof or (B) on terms
not substantially less favorable to Borrower and/or its applicable Subsidiary as might reasonably be obtained from a Person other than
an Affiliate,

 

(g)   the
payment of reasonable out-of-pocket costs and expenses related to registration rights and customary indemnities (as determined by Borrower
in good faith) provided to shareholders under any shareholder agreement and the existence or performance by Borrower or any Subsidiary
of its obligations under any such registration rights or shareholder agreement;

 

(h)   any
purchase by Parent of the Equity Interests of (or contribution to the equity capital of) Borrower;

 

(i)   any
transaction in respect of which Borrower delivers to Administrative Agent a letter addressed to the board of directors (or equivalent
governing body) of Borrower from an accounting, appraisal or investment banking firm of nationally recognized standing stating that such
transaction is fair to Borrower 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 Borrower 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;

 

    75

     

    

 

(j)   with
respect to any officer of a Loan Party, in connection with such officer’s employment by such Loan Party or, with respect to any
director of a Loan Party, in connection with such director acting in such capacity.

 

11.7   Inconsistent
Agreements. Not, and not permit any of the Loan Parties and their Subsidiaries to, enter into any agreement containing any provision
that would (a) be violated or breached in any material respect by any borrowing by Borrower under this Agreement or by the performance
by any Loan Party of any of its Obligations under this Agreement or under any other Loan Document; (b) prohibit any Loan Party from
granting to Administrative Agent and the Lenders a Lien on any of its assets (other than Excluded Property (as defined in the Guaranty
and Collateral Agreement)); or (c) create or permit to exist or become effective any encumbrance or restriction on the ability of
any Subsidiary to (i) pay dividends or make other distributions to Borrower or any other Subsidiary, or pay any Debt owed to Borrower
or any other Subsidiary, (ii) make loans or advances to any Loan Party, or (iii) transfer any of its assets or properties to
any Loan Party, other than:

 

(a)   customary
restrictions and conditions contained in agreements relating to the sale of all or a substantial part of the assets or Equity Interests
of any Subsidiary pending any such sale, so long as those restrictions and conditions apply only to the Subsidiary or assets to be sold
and that sale is permitted under this Agreement;

 

(b)   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 (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);

 

(c)   conditions
imposed by any agreement relating to purchase money Debt, Capital Leases, and other secured Debt permitted by this Agreement, so long
as those restrictions or conditions apply only to the property or assets securing that Debt;

 

(d)   customary
provisions in leases and other contracts restricting the assignment thereof;

 

(e)   customary
restrictions that arise in connection with any Lien permitted by clauses (b)(ii), (c), (d), (f), (g), (l), (q), (r) or (s) of Section
11.2 that limit the right of Borrower or any of its Subsidiaries to dispose of or encumber the assets subject to such Liens;

 

(f)   restrictions
contained in the Loan Documents;

 

(g)   restrictions
imposed by customary provisions in partnership agreements, limited liability company organizational governance documents, joint venture
agreements and other similar agreements or agreement governing the Debt of any joint venture, (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 and (iii) otherwise entered into in the
ordinary course of business;

 

(h)   restrictions
on Cash or other deposits permitted hereunder 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;

 

    76

     

    

 

(i)   restrictions
which exist on the Closing Date in the documents set forth on Schedule 11.7;

 

(j)   restrictions
contained in documents governing Debt of any Subsidiary that is not a Loan Party permitted hereunder;

 

(k)   provisions
restricting the granting of a security interest in Intellectual Property contained in in-bound licenses by Borrower and its Subsidiaries
of such Intellectual Property, which in-bound licenses were entered into in the ordinary course of business (in which case such restriction
shall relate only to such Intellectual Property); and

 

(l)   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.

 

11.8   Business
Activities. Not, and not permit any of the Loan Parties and their Subsidiaries to, engage in any material line of business other than
the businesses engaged (or proposed to be engaged in) in on the Closing Date and businesses reasonably related or reasonably complementary
ancillary, synergistic or related thereto.

 

11.9   Investments.
Not, and not permit any of the Loan Parties and their Subsidiaries to, make or permit to exist any Investment in any other Person, except
the following:

 

(a)   contributions
by Borrower or any Subsidiary to the capital of Borrower or any Loan Party (other than Parent) and contributions by any Excluded Subsidiary
to any other Excluded Subsidiary;

 

(b)   Investments
constituting Debt permitted by Section 11.1;

 

(c)   Contingent
Liabilities constituting Debt permitted by Section 11.1 or Liens permitted by Section 11.2;

 

(d)   Cash
Equivalent Investments;

 

(e)   subject
to Section 10.11, bank deposits in the ordinary course of business;

 

(f)   Investments
consisting of securities or instruments received pursuant to a disposition of assets permitted by this Agreement;

 

(g)   Investments
constituting Permitted Acquisitions;

 

(h)   Investments
acquired in a Permitted Acquisition;

 

(i)   non-cash
consideration received pursuant to the consummation of Asset Dispositions and Permitted Acquisitions, in each case permitted under this
Agreement;

 

(j)   bank
deposits established in accordance with the Loan Documents;

 

(k)   Investments
listed on Schedule 11.9 as of the Closing Date;

 

    77

     

    

 

(l)   advances
to officers, directors and employees of and its Subsidiaries in an aggregate amount not to exceed $500,000 at any time outstanding, for
travel, entertainment, relocation and analogous ordinary business purposes;

 

(m)   Investments
by Parent and its Subsidiaries in Borrower and its Subsidiaries; provided that Investments by Loan Parties in Subsidiaries that
are not Loan Parties outside of the ordinary course of business (i) shall not exceed $5,000,000 at any time outstanding, (ii) shall not
be permitted if a Default or an Event of Default has occurred and is continuing and (iii) may not include any Intellectual Property or
other assets material to the operation of Borrower’s business;

 

(n)   Investments
consisting of extensions of credit in the nature of accounts receivable or notes receivable arising from the grant of trade credit in
the ordinary course of business, and Investments received in satisfaction or partial satisfaction thereof in connection with the settlement
of delinquent accounts generated in the ordinary course of business or from financially troubled account debtors to the extent reasonably
necessary in order to prevent or limit loss;

 

(o)   (i)
Investments consisting of notes receivable of, or prepaid royalties and other credit extensions to, customers and suppliers who are not
Affiliates, in the ordinary course of business; provided that this clause (i) shall not apply to Investments of Borrower in any
Subsidiary and (ii) to the extent not covered by clause (i) above, Investments consisting of consumer loans originated or acquired in
the ordinary course of business by Borrower or any Subsidiaries;

 

(p)   Investments
consisting of joint ventures or strategic alliances in the ordinary course of business consisting of the licensing of technology, the
development of technology or the providing of technical support, provided that any cash Investments pursuant to this clause (p) do not
exceed $2,500,000 in the aggregate in any Fiscal Year;

 

(q)   Investments
consisting of the licensing or Acquisition of Intellectual Property in the ordinary course of business;

 

(r)   other
Investments in an aggregate amount not to exceed $5,000,000; provided any such Investment may not include any material Intellectual
Property or other assets material to the operation of Borrower’s business;

 

(s)   deposits,
prepayments and other credits to suppliers and deposits in connection with lease obligations, taxes, insurance, utility and workers’
compensation and similar items, each in the ordinary course of business and securing contractual obligations of a Loan Party, in each
case to the extent constituting a Permitted Lien;

 

(t)   Investments
in securities of account debtors received pursuant to any plan of reorganization or similar arrangement upon the bankruptcy or insolvency
of such account debtors; and

 

(u)   the
purchase of any Permitted Bond Hedge Transaction by Parent and the performance of its obligations thereunder; and

 

(v)   Investments
in Subsidiaries that are not Loan Parties to fund ordinary and necessary operating expenses of such Subsidiary, such as payroll and rent
expense, in the ordinary course of business and consistent with past practice.

 

    78

     

    

 

11.10   [Reserved].

 

11.11   Fiscal
Year. Not, and not permit any of the Loan Parties and their Subsidiaries to, change its Fiscal Year.

 

11.12   Financial
Covenants.

 

11.12.1   Minimum
Revenue. Not permit Adjusted Revenue for any Computation Period to be less than the amount set forth below for that Computation Period:

 

	Computation 
 Period Ending	 	Revenue	 
	March 31, 2022	 	$	180,000,000	 
	June 30, 2022	 	$	225,000,000	 
	September 30, 2022	 	$	275,000,000	 
	December 31, 2022	 	$	300,000,000	 
	March 31, 2023	 	$	310,000,000	 
	June 30, 2023	 	$	320,000,000	 
	September 30, 2023	 	$	330,000,000	 
	December 31, 2023	 	$	340,900,000	 
	March 31, 2024	 	$	373,800,000	 
	June 30, 2024	 	$	411,400,000	 
	September 30, 2024	 	$	453,500,000	 
	December 31, 2024	 	$	500,700,000	 
	March 31, 2025	 	$	540,700,000	 
	June 30, 2025	 	$	586,600,000	 
	September 30, 2025	 	$	638,200,000	 
	December 31, 2025 and each Computation Period ending thereafter	 	$	696,500,000	 

 

    79

     

    

 

11.12.2   Minimum
EBITDA. Not permit EBITDA for any Fiscal Quarter to be less than the amount set forth below for that Fiscal Quarter:

 

	Fiscal Quarter 
 Ending	 	EBITDA	 
	March 31, 2022	 	$	(30,000,000	)
	June 30, 2022	 	$	(30,000,000	)
	September 30, 2022	 	$	(30,000,000	)
	December 31, 2022	 	$	(30,000,000	)
	March 31, 2023	 	$	(25,000,000	)
	June 30, 2023	 	$	(15,000,000	)
	September 30, 2023	 	$	(15,000,000	)
	December 31, 2023	 	$	(10,000,000	)
	March 31, 2024	 	$	0	 
	June 30, 2024	 	$	5,000,000	 
	September 30, 2024	 	$	10,000,000	 
	December 31, 2024	 	$	15,000,000	 
	March 31, 2025	 	$	20,000,000	 
	June 30, 2025	 	$	25,000,000	 
	September 30, 2025	 	$	30,000,000	 
	December 31, 2025 and each Computation Period ending thereafter	 	$	35,000,000	 

 

11.12.3   Minimum
Liquidity. Not permit the Loan Parties to have:

 

(a)   Liquidity
of less than $60,000,000; or

 

(b)   Unrestricted
Cash of less than $40,000,000.

 

11.13   Compliance
with Laws. Not, and shall not permit any of the Loan Parties and their Subsidiaries to, fail to comply with the laws, regulations
and executive orders referred to in Sections 9.30 and 9.31, except where such failure could not reasonably be expected
to have a Material Adverse Effect.

 

    80

     

    

 

11.14   Permitted
Activities of Parent. Notwithstanding anything to the contrary contained herein, Parent shall not engage in any material business
or activity or own any material assets other than (i) its ownership of the Equity Interests of Borrower and activities incidental thereto,
including payment of dividends and other amounts in respect of its Equity Interests, in each case, solely as permitted pursuant to this
Agreement, (ii) the maintenance of its legal existence (including the ability to incur fees, costs and expenses relating to such maintenance)
and compliance with all applicable Laws, (iii) the performance of its obligations as a holding company and as a Guarantor and as a guarantor
of any Debt or obligations permitted to be incurred hereunder, (iv) any public offering of its common stock or any other issuance or sale
of its Equity Interests or any merger permitted by Section 11.4, (v) if applicable, participating in tax, accounting and other administrative
matters as a member of the consolidated group of Parent and Borrower, (vi) the making of any Restricted Payments or Investments permitted
to be made, and the incurrence of, and performance of its obligations under, any Debt or other obligations permitted to be incurred, by
Parent pursuant to this Agreement; provided that the only Debt for borrowed money Parent is permitted to borrow is Permitted Parent
Debt and Permitted Convertible Debt, (vii) providing indemnification to officers and directors in the ordinary course of business, (viii)
activities relating to employees of the Loan Parties (including its obligations under any stock option or stock purchase plan or benefit
or compensation plan or other similar plan or under any employment agreement); (ix) [reserved]; (x) the issuance and sale of, and its
obligations under, its Equity Interests as permitted hereunder, (xi) entering into the Loan Documents and the documents relating
to any Permitted Parent Debt or Permitted Convertible Debt, (xii) its obligations under any acquisition agreement relating to any Permitted
Acquisition or other Investment permitted hereunder or under any agreement related to any Asset Sale permitted hereunder, (xiii) holding
cash and Cash Equivalent Investments, (xiv) maintaining, entering into and performing its obligations in respect of leases of real property
to the extent in the ordinary course of business consistent with past practices, (xv) entering into and performing its obligations under
any Permitted Bond Hedge Transaction or Permitted Warrant Transaction and (xvi) any activities incidental or reasonably related to the
foregoing.

 

Section
12 EFFECTIVENESS; CONDITIONS OF LENDING, ETC.

 

The effectiveness of this
Agreement and the obligation of each Lender to make its Loans are subject to the following conditions precedent:

 

12.1   Conditions
to Effectiveness. The effectiveness of this Agreement, and the obligation of the Lenders to make the Loans, are, in addition to the
conditions precedent specified in Section 12.2, subject to satisfaction of the following conditions precedent (and the date
on which all such conditions precedent have been satisfied or waived in writing by Administrative Agent and the Lenders is called the
“Closing Date”):

 

12.1.1   Agreement,
Notes, and other Loan Documents. Administrative Agent has received the following, each duly executed and dated as of the Closing Date
(or any earlier date satisfactory to Administrative Agent), in form and substance satisfactory to Administrative Agent: (a) this
Agreement; (b) to the extent requested by any Lender, one or more Notes made payable to that Lender; (c) the Guaranty and Collateral
Agreement, together with all instruments, transfer powers, and other items required to be delivered in connection with the Guaranty and
Collateral Agreement; and (d) all other Loan Documents.

 

12.1.2   Authorization
Documents. For each Loan Party, Administrative Agent has received the following, each in form and substance satisfactory to Administrative
Agent: (a) that Person’s charter (or similar formation document), certified by the appropriate governmental authority; (b) good
standing certificates in that Person’s state of incorporation (or formation) and in each other state in which that Person is qualified
to do business if reasonably requested by Administrative Agent; (c) that Person’s bylaws (or similar governing document); (d) resolutions
of its board of directors (or similar governing body) approving and authorizing that Person’s execution, delivery, and performance
of the Loan Documents to which it is party and the transactions contemplated thereby; and (e) signature and incumbency certificates
of that Person’s officers and/or managers executing any of the Loan Documents (which certificates Administrative Agent and each
Lender may conclusively rely on until formally advised by a like certificate of any changes in any such certificate), all certified by
its secretary or an assistant secretary (or similar officer) as being in full force and effect without modification.

 

    81

     

    

 

12.1.3   Consents,
etc. Administrative Agent has received certified copies of all documents evidencing any necessary company action, consents and governmental
approvals (if any) required for the execution, delivery, and performance by the Loan Parties of the documents referred to in this Section 12.

 

12.1.4   Letter
of Direction. Administrative Agent has received a letter of direction containing funds flow information with respect to the proceeds
of the Loans on the Closing Date, duly executed and dated as of the Closing Date, in form and substance reasonably satisfactory to Administrative
Agent.

 

12.1.5   Collateral
and Diligence Questionnaire. Administrative Agent has received a Collateral and Diligence Questionnaire completed and executed by
each Loan Party, in form and substance satisfactory to Administrative Agent.

 

12.1.6   [Reserved].

 

12.1.7   [Reserved].

 

12.1.8   [Reserved].

 

12.1.9   Opinions
of Counsel. Administrative Agent has received opinions of counsel for each Loan Party, including local counsel reasonably requested
by Administrative Agent, each duly executed and dated as of the Closing Date (or any earlier date satisfactory to Administrative Agent),
in form and substance reasonably satisfactory to Administrative Agent.

 

12.1.10   Insurance.
Administrative Agent has received evidence of the existence of insurance required to be maintained pursuant to Section 10.3(b).

 

12.1.11   Payment
of Fees. Administrative Agent has received evidence of payment by Borrower of all accrued and unpaid reasonable and documented fees,
costs, and expenses to the extent then due and payable on the Closing Date (including, without limitation, fees under the Agent Fee Letter),
together with all Attorney Costs of Administrative Agent to the extent invoiced prior to the Closing Date, plus all additional
amounts of Attorney Costs that constitute Administrative Agent’s reasonable estimate of Attorney Costs incurred or to be incurred
by Administrative Agent through the closing proceedings (but no such estimate will preclude a final settling of accounts between Borrower
and Administrative Agent in respect of those Attorney Costs).

 

12.1.12   Debt
to be Repaid. Administrative Agent has received evidence, reasonably satisfactory to Administrative Agent, that all Debt to be Repaid
has been (or concurrently with the initial borrowing will be) paid in full and that all agreements and instruments governing the Debt
to be Repaid and that all Liens securing the Debt to be Repaid have been (or concurrently with the initial borrowing will be) terminated.
Administrative Agent has received payoff letters evidencing repayment in full of all Debt to be Repaid, the termination of all agreements
relating thereto, and the release of all Liens granted in connection therewith, with Uniform Commercial Code or other appropriate termination
statements and documents effective to evidence the foregoing.

 

    82

     

    

 

12.1.13   Solvency
Certificate. Administrative Agent has received a solvency certificate, in form and substance satisfactory to Administrative Agent,
executed by a Senior Officer of Borrower.

 

12.1.14   Search
Results; Lien Terminations. Administrative Agent has received certified copies of Uniform Commercial Code search reports dated a date
reasonably near to the Closing Date, listing all effective financing statements which name any Loan Party (under their present names and
any previous names within the past five years) as debtors, together with (a) copies of all such financing statements; (b) Uniform Commercial
Code termination statements pertaining to previously terminated financing, lease, and/or consignment relationships for which financing
statements remain of record, in each case as Administrative Agent reasonably requests; and (c) all other Uniform Commercial Code termination
statements as Administrative Agent reasonably requests.

 

12.1.15   Filings,
Registrations, and Recordings. Administrative Agent has received each document (including Uniform Commercial Code financing statements)
required by the Collateral Documents or under law or reasonably requested by Administrative Agent to be filed, registered, or recorded
in order to create in favor of Administrative Agent, for the benefit of Administrative Agent and the Lenders, a perfected Lien on the
collateral described therein (but only to the extent that perfection may be achieved by such a filing, registration, or recording), prior
to any other Liens (subject only to Permitted Liens), in proper form for filing, registration, or recording.

 

12.1.16   Closing
Certificate. Administrative Agent has received a certificate, in form and substance satisfactory to Administrative Agent, executed
by a Senior Officer of Borrower certifying the matters set forth in Section 12.2.1 as of the Closing Date.

 

12.1.17   Financial
Statements. Administrative Agent has received and is reasonably satisfied with the Financial Statements and all other historical and
projected financial information of Loan Parties and their Subsidiaries requested by Administrative Agent.

 

12.1.18   No
Material Adverse Effect. There has not occurred since December 31, 2021, any developments or events that, individually or in the aggregate
with any other circumstances, has had or could reasonably be expected to have a Material Adverse Effect.

 

12.1.19   Capital
Structure. Administrative Agent has received confirmation of ownership and capital structure of the Loan Parties.

 

12.1.20   Financial
Condition.

 

(a)   Administrative
Agent has received evidence satisfactory to it that (a) Borrower has a trailing 12-month EBITDA of at least ($63,962,130) as of January
31, 2022, determined on a pro forma basis after giving effect to (i) the funding of the initial Loans as provided under this Agreement,
including the payment of all fees, costs and expenses as set forth above and (ii) year-end and other adjustments reasonably satisfactory
to Administrative Agent; and (b) the Loan Parties have reasonably sufficient liquidity to operate their business plan and in an amount
satisfactory to Administrative Agent (with no payables stretched beyond their customary payment practices).

 

(b)   After
giving effect to the initial Loans on the Closing Date and the payment by Borrower of all fees and expenses incurred in connection with
this Agreement (with no payables stretched beyond their customary payment practices), the Liquidity of the Company and its Subsidiaries
is not less than $200,000,000.

 

    83

     

    

 

12.1.21
Know-Your-Customer and Anti-Money Laundering. No later than two Business Days in advance of the Closing Date, Administrative
Agent shall have received all documentation and other information reasonably requested in writing by Administrative Agent with respect
to any Loan Party at least ten Business Days in advance of the Closing Date that is required by regulatory authorities under applicable
“know-your-customer” and anti-money laundering rules and regulations, including, without limitation, IRS Form W-9, IRS Form
W-8-BEN or IRS Form W-8BEN-E, as applicable, with results satisfactory to Administrative Agent.

 

For purposes of determining
compliance with the conditions specified in this Section 12.1, Administrative Agent and each Lender that has signed this Agreement shall
be deemed to have received, consented to, approved or accepted or to be satisfied with, each document or other matter required thereunder
to be received, consented to or approved by or acceptable or satisfactory to Administrative Agent or a Lender.

 

12.2   Conditions
Precedent to all Loans. The obligation of each Lender to make each Loan is subject to the following further conditions precedent
that:

 

12.2.1
Compliance with Warranties, No Default, etc. Both before and immediately after giving effect to any borrowing, the following
statements are true and correct:

 

(a)
the representations and warranties of each Loan Party set forth in this Agreement and the other Loan Documents are true and correct
in all material respects (unless any such representation or warranty is by its terms qualified by concepts of materiality, in which case
that representation or warranty is true and correct in all respects after giving effect to any such materiality qualifier) with the same
effect as if then made (except to the extent stated to relate to a specific earlier date, in which case that representation or warranty
is true and correct in all material respects or in all respects, as applicable, as of that earlier date); and

 

(b)
solely with respect to the making of any Term B Loan, Enterprise Value shall have been greater than $800,000,000 for no less than
40 of the immediately preceding 45 consecutive days (and no less than $750,000,000 for any of the immediately preceding 45 consecutive
days); and

 

(c)
no Default or Event of Default has occurred and is continuing.

 

12.2.2
Confirmatory Certificate. If requested by Administrative Agent or any Lender, Administrative Agent has received (in sufficient
counterparts to provide one to Administrative Agent and each Lender) a certificate dated the date of the requested Loan and signed by
a duly authorized representative of Borrower as to the matters set out in Section 12.2.1 (it being understood that each request
by Borrower for the making of a Loan will be deemed to constitute a representation and warranty by Borrower that the conditions precedent
set forth in Section 12.2.1 will be satisfied at the time of the making of that Loan), together with such other documents
as Administrative Agent or any Lender may reasonably request in support thereof.

 

    84

     

    

 

Section
13 EVENTS OF DEFAULT AND THEIR EFFECT.

 

13.1
Events of Default. Each of the following will constitute an Event of Default under this Agreement:

 

13.1.1
Non-Payment of the Loans, etc. Default in the payment when due of the principal of any Loan; or default, and continuance
thereof for five or more days, in the payment when due of any interest, fee or other amount payable by Borrower under this Agreement or
under any other Loan Document.

 

13.1.2
Non-Payment of Other Debt. Any default occurs under the terms applicable to any Debt of any Loan Party or any Subsidiary
of a Loan Party in an aggregate amount (for all such Debt so affected and including undrawn committed or available amounts and amounts
owing to all creditors under any combined or syndicated credit arrangement) exceeding $3,000,000 and that default (a) consists of
the failure to pay that Debt when due, whether by acceleration or otherwise (beyond the grace period (if any) provided in the instrument
or agreement under which such Debt was created), or (b) accelerates the maturity of that Debt or permits the holder or holders thereof,
or any trustee or agent for any such holder or holders, with the giving of notice if required, to cause that Debt to become due and payable
(or require any Loan Party to purchase or redeem that Debt or post cash collateral in respect thereof) prior to its expressed maturity;
provided that clause (b) of this Section 13.1.2 shall not apply to secured Debt that becomes due as a result of the voluntary sale
or transfer of the property securing such Debt if such sale or transfer is permitted hereunder and substantially concurrently with such
voluntary sale or transfer of property such Debt is paid in full and otherwise fully discharged in accordance with the underlying agreement
evidencing such Debt.

 

13.1.3
[Reserved].

 

13.1.4
Bankruptcy, Insolvency, etc. Any of the following occurs: (a) any Loan Party becomes insolvent or generally fails to
pay, or admits in writing its inability or refusal to pay, debts as they become due; (b) any Loan Party applies for, consents to,
or acquiesces in the appointment of a trustee, receiver, or other custodian for that Loan Party or any property thereof, or makes a general
assignment for the benefit of creditors; (c) in the absence of any such application, consent, or acquiescence, a trustee, receiver,
or other custodian is appointed for any Loan Party or for a substantial part of the property of any thereof and is not discharged within
sixty (60) days; (d) any Insolvency Proceeding, or any dissolution or liquidation proceeding, is commenced in respect of any Loan
Party, and that Insolvency Proceeding or proceeding (i) is not commenced by that Loan Party, (ii) is consented to or acquiesced
in by that Loan Party, or (iii) remains for sixty (60) days undismissed; or (e) any Loan Party takes any action to authorize,
or in furtherance of, any of the foregoing.

 

13.1.5
Non-Compliance with Loan Documents.

 

(a)
Failure by any Loan Party to comply with or to perform any covenant set forth in Sections 10.1.6(a), 10.5 (solely with
respect to Borrower), 10.6, or Section 11.

 

(b)
Failure by any Loan Party to comply with or to perform any covenant set forth in Sections 10.1.1, 10.1.2, 10.1.3
or 10.1.4 and continuance of that failure described in this Section 13.1.5(b) for 5 or more Business Days.

 

(c)
Failure by any Loan Party to comply with or to perform any other provision of this Agreement or any other Loan Document (and not
constituting an Event of Default under any other provision of this Section 13) and continuance of that failure described in
this Section 13.1.5(c) for 30 or more days.

 

    85

     

    

 

13.1.6
Representations; Warranties. Any representation or warranty made by any Loan Party in this Agreement or any other Loan Document
is breached or is false or misleading in any material respect, or any schedule, certificate, financial statement, report, notice or other
writing furnished by any Loan Party to Administrative Agent or any Lender in connection with this Agreement is false or misleading in
any material respect on the date as of which the facts therein set forth are stated or certified.

 

13.1.7
Pension Plans. Any of the following events occurs and such event could reasonably be expected to result, individually or
in the aggregate, in a Material Adverse Effect: (a) any member of the Controlled Group or the PBGC institutes steps to terminate
a Pension Plan if as a result of that termination Borrower or any Subsidiary could be required to make a contribution to that Pension
Plan, or could incur a liability or obligation to that Pension Plan, (b) a contribution failure occurs with respect to any Pension Plan
sufficient to give rise to a Lien under Section 303(k) of ERISA with respect to Borrower or any Subsidiary; (c) the Unfunded Liability
of all Pension Plans sponsored and maintained by Borrower or any Subsidiary exceeds 20% of the Total Plan Liability for those plans, (d)
there occurs any withdrawal or partial withdrawal from a Multiemployer Pension Plan and Borrower or any Subsidiary incurs withdrawal liability
(without unaccrued interest) to Multiemployer Pension Plans as a result of that withdrawal (including any outstanding withdrawal liability
that Borrower or any member of the Controlled Group have incurred on the date of that withdrawal); or (e) the occurrence of a Termination
Event.

 

13.1.8
Judgments. (a) One or more final judgments which exceed an aggregate of $1,000,000 in monetary damages are rendered against
any Loan Party or a Subsidiary of a Loan Party (except to the extent covered by insurance (including D&O insurance) pursuant to which
the insurer has been notified and has not denied coverage so long as that insurance is paid to the applicable Loan Party or Subsidiary
within sixty (60) days of the rendering of those judgments) and have not been paid, discharged or vacated or had execution thereof stayed
pending appeal within seventy-five (75) days after entry or filing of those judgments; or (b) one or more final non-appealable judgments
or settlements (whether in respect of an action by a Governmental Authority, class action or substantially similar claim or otherwise)
or one or more final non-appealable penalties or fines imposed by a Governmental Authority (in each case, except to the extent covered
by insurance (including D&O insurance) pursuant to which the insurer has been notified within seven calendar days of such judgment,
settlement, penalty or fine (and which Borrower believes in good faith is covered by such insurance at the time of such notification)
and has not denied coverage so long as that insurance is paid to the applicable Loan Party or Subsidiary within sixty (60) days of the
rendering of those judgments, entering into of those settlements or imposition of those penalties or fines), in each case, which exceed
individually or in the aggregate the Threshold Amount in monetary damages, are rendered against, agreed by or imposed on any Loan Party
or a Subsidiary of a Loan Party; or (c) any one or more permits or licenses of the Loan Parties that, individually or in the aggregate,
generated or was necessary in generating, revenues of the Loan Parties in excess of the Threshold Percentage of revenues for the most
recently ended Computation Period, is suspended, revoked or terminated by a Governmental Authority (excluding, for avoidance of doubt,
any voluntary termination or expiration of any such license or permit initiated by a Loan Party prior and unrelated to any such action
by Governmental Authority).

 

13.1.9
Invalidity of Loan Documents, etc. Any material Loan Document ceases to be in full force and effect, or any Loan Party (or
any Person by, through or on behalf of any Loan Party) expressly contests in writing, any manner the validity, binding nature, or enforceability
of any material Loan Document.

 

    86

     

    

 

13.1.10
Charges or Proceedings. The felony indictment of any Loan Party or any of its Subsidiaries or any executive officer thereof
under any criminal statute, or commencement of criminal proceedings against any Loan Party or any of its Subsidiaries or any senior officer
thereof, in each case for fraud, misconduct, embezzlement, money laundering, insider trading, market manipulation, income tax evasion
or any predicate crime to money laundering, insider trading, market manipulation, income tax evasion or other similar illegality in respect
of the business or operations of Parent and its Subsidiaries and pursuant to which statute or proceedings the penalties or remedies sought
include forfeiture to any Governmental Authority of any material portion of the property of the Loan Parties and their Subsidiaries, or,
in the case of any executive officer, solely to the extent such property is used in any material business of the Loan Parties and their
Subsidiaries.

 

13.1.11
Change of Control. A Change of Control occurs.

 

13.2
Effect of Event of Default. If any Event of Default described in Section 13.1.4 occurs in respect of Borrower,
then the Commitments will immediately terminate and the Loans and all other Obligations under this Agreement will become immediately due
and payable, all without presentment, demand, protest, or notice of any kind. If any other Event of Default occurs and is continuing,
then Administrative Agent may (and, upon the written request of the Required Lenders shall) declare, in a written notice to Borrower,
the Commitments to be terminated in whole or in part and/or declare all or any part of the Loans and all other Obligations under this
Agreement to be due and payable, whereupon the Commitments will immediately terminate (or be reduced, as applicable) and/or the Loans
and other Obligations under this Agreement will become immediately due and payable (in whole or in part, as applicable), all without presentment,
demand, protest, or notice of any kind (other than as expressly provided for above in this sentence). Administrative Agent shall promptly
advise Borrower of any such declaration, but failure to do so will not impair the effect of any such declaration. If Administrative Agent
and each Lender have received written notice from Borrower of Borrower’s intent to cure a Specified Financial Covenant Default in
accordance with Section 13.4, then Administrative Agent and the Required Lenders may not exercise any the foregoing remedies in this Section
13.2 with respect to that Specified Financial Covenant Default until the earlier of (a) ten (10) Business Days after the day on which
financial statements are required to be delivered for the applicable Fiscal Quarter or Fiscal Year pursuant to Section 10.1.1 or Section
10.1.2, as applicable (but only to the extent such cure did not occur) and (b) the date that Administrative Agent receives notice Borrower
will not cure that Specified Financial Covenant Default in accordance with Section 13.4.

 

13.3
Credit Bidding. The Loan Parties and the Lenders hereby irrevocably authorize Administrative Agent, based upon the instruction
of the Required Lenders, to Credit Bid and purchase (either directly or through one or more acquisition vehicles) all or any portion of
the Collateral at any sale thereof conducted by Administrative Agent in accordance with applicable law, based upon the instruction of
the Required Lenders, under any provisions of the Uniform Commercial Code, as part of any sale or investor solicitation process conducted
by any Loan Party, any interim receiver, receiver, receiver and manager, administrative receiver, trustee, agent, or other Person pursuant
or under any insolvency laws, in each case subject to the following limitations: (i) the Required Lenders may not direct Administrative
Agent in any manner that does not treat each of the Lenders equally, without preference or discrimination, in respect of consideration
received as a result of any Credit Bid; (ii) the acquisition documents must be commercially reasonable and contain customary protections
for minority holders, such as, among other things, anti-dilution and tag-along rights; (iii) the exchanged debt or equity securities
must be freely transferable, without restriction (subject to applicable securities laws); and (iv) reasonable efforts must be made
to structure the acquisition in a manner that causes the governance documents pertaining thereto to not impose any obligations or liabilities
upon the Lenders individually (such as indemnification obligations). For purposes of this Section 13.3, the term “Credit
Bid” means an offer submitted by Administrative Agent (on behalf of the Lenders), based upon the instruction of the Required
Lenders, to acquire the property of any Loan Party or any portion thereof in exchange for and in full and final satisfaction of all or
a portion (as determined by Administrative Agent, based upon the instruction of the Required Lenders) of the claims and Obligations under
this Agreement and other Loan Documents.

 

    87

     

    

 

13.4
Curative Equity.

 

(a)
Subject to the limitations set forth in Section 13.4(d), Borrower may cure (and will be deemed to have cured) an Event of Default
arising out of a breach of any of the financial covenants set forth in Sections 11.12.2 and 11.12.3 (each such financial covenant, a “Specified
Financial Covenant”; each such Event of Default, a “Specified Financial Covenant Default”) if Borrower receives
the cash proceeds of Curative Equity within 10 Business Days after the earliest date on which the Compliance Certificate applicable to
such Specified Financial Covenant is required to be delivered for the applicable Computation Period pursuant to this Agreement.

 

(b)
Borrower shall promptly notify Administrative Agent of its receipt of any proceeds of Curative Equity and shall make a prepayment
of the Term Loans in accordance with Sections 6.2 and 6.3.

 

(c)
Upon delivery of a certificate by Borrower to Administrative Agent certifying as to the amount of the proceeds of any Curative
Equity and that those proceeds have been applied in accordance with Section 13.4(b), then each applicable Specified Financial Covenant
Default will be deemed cured with no further action required by the Required Lenders. Before the date of the delivery of that certificate,
any Specified Financial Covenant Default that has occurred and is continuing will be deemed to be continuing, and, as a result, the Lenders
will have no obligation to make additional loans or otherwise extend additional credit under this Agreement. If Borrower does not cure
a Specified Financial Covenant Default as provided in this Section 13.4, then that Specified Financial Covenant Default will continue
unless waived in writing by the Required Lenders in accordance with this Agreement.

 

(d)
To the extent that proceeds of Curative Equity are received with respect to any Fiscal Quarter for the purpose of curing a breach
of the financial covenant set forth in Section 11.12.2, those proceeds will be deemed to be EBITDA for purposes of determining compliance
with the Specified Financial Covenants for that Fiscal Quarter and subsequent Computation Periods that include that Fiscal Quarter. Notwithstanding
any provision of this Agreement to the contrary, (i) Borrower’s rights under this Section 13.4 (A) may be exercised no more
than three (3) times during the term of this Agreement; and (B) may be exercised no more than twice in any period of four Fiscal Quarters;
(ii) the amount of proceeds of any Curative Equity (x) may not be less than $2,500,000 and (y) except as otherwise required pursuant to
the foregoing clause (x) may not be greater than the amount required to cause Borrower to be in compliance with each applicable Specified
Financial Covenant as at the end of the applicable Computation Period; and (iii) the proceeds of Curative Equity will be disregarded for
purposes of determining EBITDA for any pricing, financial covenant-based conditions, or baskets with respect to the covenants contained
in this Agreement and there will be no pro forma reduction in Debt with the proceeds of any Curative Equity for determining compliance
with the Specified Financial Covenants or for determining any pricing, financial covenant-based conditions, or baskets with respect to
the covenants contained in this Agreement, in each case in such Fiscal Quarter and the next three Fiscal Quarters thereafter.

 

    88

     

    

 

Section
14 Agency.

 

14.1
Appointment and Authorization. Each Lender hereby irrevocably (subject to Section 14.10) appoints, designates,
and authorizes Administrative Agent to take any action on its behalf under the provisions of this Agreement and each other Loan Document
and to exercise any powers and perform any duties as are expressly delegated to it, as applicable, by the terms of this Agreement or any
other Loan Document, together with all powers as are reasonably incidental thereto. Notwithstanding any provision to the contrary contained
elsewhere in this Agreement or in any other Loan Document, Administrative Agent will not have any duty or responsibility except those
expressly set forth in this Agreement, nor will Administrative Agent have or be deemed to have any fiduciary relationship with any Lender
or participant, and no implied covenants, functions, responsibilities, duties, obligations, or liabilities are to be read into this Agreement
or any other Loan Document or otherwise exist against Administrative Agent, as applicable. Without limiting the generality of the foregoing
sentence, the use of the term “agent” in this Agreement and in other Loan Documents with reference to Administrative Agent
is not intended to connote any fiduciary or other implied (or express) obligations arising under agency doctrine of any applicable law.
Instead, that term is used merely as a matter of market custom, and is intended to create or reflect only an administrative relationship
between independent contracting parties.

 

14.2
[Reserved].

 

14.3
Delegation of Duties. Administrative Agent may execute any of its duties under this Agreement or any other Loan Document
by or through agents, employees, or attorneys-in-fact and is entitled to advice of counsel and other consultants or experts concerning
all matters pertaining to those duties. Administrative Agent will not be responsible for the negligence or misconduct of any agent or
attorney-in-fact that it selects in the absence of gross negligence or willful misconduct.

 

14.4
Exculpation. None of Administrative Agent and its directors, officers, employees, and agents (a) will be liable for
any action taken or omitted to be taken by any of them under or in connection with this Agreement or any other Loan Document or the transactions
contemplated hereby (except to the extent resulting from its own gross negligence or willful misconduct in connection with its duties
expressly set forth in this Agreement as determined by a final, non-appealable judgment by a court of competent jurisdiction), or (b) will
be responsible in any manner to any Lender or participant for any recital, statement, representation or warranty made by any Loan Party
or any Affiliate of Borrower, or any officer thereof, contained in this Agreement or in any other Loan Document, or in any certificate,
report, statement, or other document referred to or provided for in, or received by Administrative Agent under or in connection with,
this Agreement or any other Loan Document, or the validity, effectiveness, genuineness, enforceability, or sufficiency of this Agreement
or any other Loan Document (or the creation, perfection, or priority of any Lien or security interest therein), or for any failure of
Borrower or any other party to any Loan Document to perform its Obligations under this Agreement or under any other Loan Documents. Administrative
Agent is not and will 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 of the Loan Parties and their Subsidiaries and Affiliates.

 

14.5
Reliance. Administrative Agent may rely, and will be fully protected in relying, upon any writing, communication, signature,
resolution, representation, notice, consent, certificate, electronic mail message, affidavit, letter, telegram, facsimile, telex or telephone
message, statement, or other document or conversation believed by it to be genuine and correct and to have been signed, sent or made by
the proper Person or Persons, and upon advice and statements of legal counsel (including counsel to Borrower), independent accountants,
and other experts selected by Administrative Agent. Administrative Agent will be fully justified in failing or refusing to take any action
under this Agreement or any other Loan Document unless Administrative Agent first receives all advice or concurrence of the Required Lenders
as it deems appropriate and, if it so requests, confirmation from the Lenders of their obligation to indemnify Administrative Agent against
any and all liability and expense which might be incurred by Administrative Agent by reason of taking or continuing to take any such action.
Administrative Agent will in all cases be fully protected in acting, or in refraining from acting, under this Agreement or any other Loan
Document in accordance with a request or consent of the Required Lenders and each such request and any action taken or failure to act
pursuant thereto will be binding upon each Lender. For purposes of determining compliance with the conditions specified in Section 12,
each Lender that has signed this Agreement will 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 Administrative
Agent has received written notice from that Lender prior to the proposed Closing Date specifying its objection thereto.

 

    89

     

    

 

14.6
Notice of Default. Administrative Agent will not be deemed to have knowledge or notice of the occurrence of any Event of
Default or Default except with respect to defaults in the payment of principal, interest and fees required to be paid to Administrative
Agent for the account of the Lenders, unless Administrative Agent has received written notice from a Lender or Borrower referring to this
Agreement, describing that Event of Default or Default and stating that that notice is a “notice of default.” Administrative
Agent shall promptly notify the Lenders of its receipt of any such notice. Administrative Agent shall take all such actions with respect
to each such Event of Default or Default as requested by the Required Lenders in accordance with Section 13, but unless and
until Administrative Agent has received any such request, Administrative Agent may (but will not be required to) take any action, or refrain
from taking any action, with respect to any Event of Default or Default as Administrative Agent deems advisable or in the best interest
of the Lenders.

 

14.7
Credit Decision. Each Lender acknowledges that Administrative Agent has not made any representation or warranty to it, and
that no act by Administrative Agent hereafter taken, including any consent and acceptance of any assignment or review of the affairs of
the Loan Parties, will be deemed to constitute any representation or warranty by Administrative Agent to any Lender as to any matter,
including whether Administrative Agent has disclosed material information in its possession. Each Lender represents to Administrative
Agent that it has, independently and without reliance upon Administrative Agent and based on documents and information as it has deemed
appropriate, made its own appraisal of, and investigation into, the business, prospects, operations, property, financial and other condition,
and creditworthiness of the Loan Parties, and made its own decision to enter into this Agreement and to extend credit to Borrower under
this Agreement. Each Lender also represents to Administrative Agent that it will, independently and without reliance upon Administrative
Agent and based on documents and information as it deems appropriate at the time, continue to make its own credit analysis, appraisals,
and decisions in taking or not taking action under this Agreement and the other Loan Documents, and to make all investigations as it deems
necessary to inform itself as to the business, prospects, operations, property, financial and other condition, and creditworthiness of
Borrower. Except for notices, reports and other documents expressly required in this Agreement to be furnished to the Lenders by Administrative
Agent, Administrative Agent will not have any duty or responsibility to provide any Lender with any credit or other information concerning
the business, prospects, operations, property, financial or other condition or creditworthiness of Borrower which may come into the possession
of Administrative Agent.

 

14.8
Indemnification. Whether or not the transactions contemplated by this Agreement are consummated, each Lender shall indemnify
upon demand Administrative Agent and its directors, officers, employees and agents (to the extent not reimbursed by or on behalf of Borrower
and without limiting the obligation of Borrower to do so), according to its applicable Pro Rata Share, from and against any and all Indemnified
Liabilities, except that no Lender will be liable for any payment to any such Person of any portion of the Indemnified Liabilities to
the extent determined by a final, non-appealable judgment by a court of competent jurisdiction to have resulted from the applicable Person’s
own gross negligence or willful misconduct. No action taken in accordance with the directions of the Required Lenders will be deemed to
constitute gross negligence or willful misconduct for purposes of this Section 14.8. Without limitation of the foregoing,
each Lender shall reimburse Administrative Agent upon demand for its ratable share of any costs or out-of-pocket expenses (including Attorney
Costs and Taxes) incurred by Administrative Agent in connection with the preparation, execution, delivery, administration, modification,
amendment or enforcement (whether through negotiations, legal proceedings or otherwise) of, or legal advice in respect of rights or responsibilities
under, this Agreement, any other Loan Document, or any document contemplated by or referred to in this Agreement, to the extent that Administrative
Agent is not reimbursed for any such expenses by or on behalf of Borrower. The undertaking in this Section 14.8 will survive
repayment of the Loans, cancellation of the Notes, any foreclosure under, or modification, release or discharge of, any or all of the
Collateral Documents, termination of this Agreement and the resignation or replacement of Administrative Agent.

 

    90

     

    

 

14.9
Administrative Agent in Individual Capacities. Monroe Capital and its Affiliates may make loans to, issue letters of credit
for the account of, accept deposits from, acquire equity interests in and generally engage in any kind of banking, trust, financial advisory,
underwriting or other business with the Loan Parties and Affiliates as though Monroe Capital were not Administrative Agent under this
Agreement and without notice to or consent of any Lender. Each Lender acknowledges that, pursuant to those activities, Monroe Capital
or its Affiliates might receive information regarding Borrower or their Affiliates (including information that is subject to confidentiality
obligations in favor of Borrower or any such Affiliate) and acknowledges that Administrative Agent will be under no obligation to provide
any such information to them. With respect to their Loans (if any), Monroe Capital and its Affiliates have the same rights and powers
under this Agreement as any other Lender and may exercise the same as though Monroe Capital were not Administrative Agent, and the terms
“Lender” and “Lenders” include Monroe Capital and its Affiliates, to the extent applicable, in their individual
capacities.

 

14.10
Successor Administrative Agent. Administrative Agent may resign as Administrative Agent upon 30 days’ notice to the
Lenders. If Administrative Agent resigns under this Agreement, the Required Lenders shall, with (so long as no Event of Default exists)
the consent of Borrower (which may not be unreasonably withheld or delayed), appoint from among the Lenders a successor Administrative
Agent for the Lenders. If no successor agent is appointed prior to the effective date of the resignation of Administrative Agent, Administrative
Agent may appoint, after consulting with the Lenders and Borrower, a successor agent from among the Lenders. Upon the acceptance of its
appointment as successor agent under this Agreement, that successor agent will succeed to all the rights, powers, and duties of the retiring
Administrative Agent and the term “Administrative Agent” will mean that successor agent, and the retiring Administrative Agent’s
appointment, powers and duties as Administrative Agent will be terminated. After any retiring Administrative Agent’s resignation
under this Agreement as Administrative Agent, the provisions of this Section 14 and Sections 15.5 and 15.17
will inure to its benefit as to any actions taken or omitted to be taken by it while it was Administrative Agent under this Agreement.
If no successor agent has accepted appointment as Administrative Agent by the date which is 30 days following a retiring Administrative
Agent’s notice of resignation, the retiring Administrative Agent’s resignation will nevertheless thereupon become effective
and the Required Lenders shall perform all of the duties of Administrative Agent under this Agreement until such time, if any, as the
Required Lenders appoint a successor agent as provided for above.

 

14.11
Collateral Matters. Each Lender authorizes and directs Administrative Agent to enter into the other Loan Documents for the
benefit of Lenders. Each Lender hereby agrees that, except as otherwise set forth in this Agreement, any action taken by Administrative
Agent or Required Lenders in accordance with the provisions of this Agreement or the other Loan Documents, and the exercise by Administrative
Agent or Required Lenders of the powers set forth in this Agreement or therein, together with all other powers as are reasonably incidental
thereto, will be authorized by, and binding upon, all Lenders. Administrative Agent is hereby authorized on behalf of all Lenders, without
the necessity of any notice to or further consent from any Lender to take any action with respect to any Collateral or Loan Documents
which may be necessary to perfect and maintain perfected the Liens upon the Collateral granted pursuant to this Agreement and the other
Loan Documents. The Lenders irrevocably authorize Administrative Agent, at its option and in its discretion, to do any and all of the
following: (a) to release any Lien granted to or held by Administrative Agent under any Collateral Document (i) upon Payment
in Full; (ii) upon property sold or to be sold or disposed of as part of or in connection with any disposition permitted under this
Agreement or otherwise consented to by the Required Lenders (including the release of any Guarantor in connection with any such disposition);
or (iii) subject to Section 15.1, if approved in writing by the Required Lenders; or (b) to subordinate its interest
in any Collateral to any holder of a Lien on that Collateral which is permitted by Section 11.2(d)(i) or 11.2(d)(iii)
(it being understood that Administrative Agent may conclusively rely on a certificate from Borrower in determining whether the Debt secured
by any such Lien is permitted by Section 11.1(b)). Upon request by Administrative Agent at any time, the Lenders will confirm
in writing Administrative Agent’s authority to release, or subordinate its interest in, particular types or items of Collateral
pursuant to this Section 14.11.

 

    91

     

    

 

14.12
Restriction on Actions by Lenders. Each Lender shall not, without the express written consent of Administrative Agent, and
shall, upon the written request of Administrative Agent (to the extent it is lawfully entitled to do so), set-off against the Obligations,
any amounts owing by that Lender to a Loan Party or any deposit accounts of any Loan Party now or hereafter maintained with that Lender.
Each Lender shall not, unless specifically requested to do so in writing by Administrative Agent, take or cause to be taken any action,
including the commencement of any legal or equitable proceedings, to foreclose any loan or otherwise enforce any security interest in
any of the Collateral or to enforce all or any part of this Agreement or the other Loan Documents. All enforcement actions under this
Agreement and the other Loan Documents against the Loan Parties or any third party with respect to the Obligations or the Collateral may
be taken by only Administrative Agent (at the direction of the Required Lenders or as otherwise permitted in this Agreement) or by its
agents at the direction of Administrative Agent.

 

14.13
Administrative Agent May File Proofs of Claim.

 

14.13.1
In case of the pendency of any receivership, insolvency, liquidation, bankruptcy, reorganization, arrangement, adjustment, composition,
or other judicial proceeding relative to any Loan Party (including any Insolvency Proceeding), Administrative Agent (irrespective of whether
the principal of any Loan is then due and payable as expressed in this Agreement or by declaration or otherwise and irrespective of whether
Administrative Agent has made any demand on Borrower) may, by intervention in any such proceeding or otherwise, do any and all of the
following:

 

(a)
file and prove a claim for the whole amount of the principal and interest owing and unpaid in respect of the Loans, and all other
Obligations that are owing and unpaid and to file any other documents as are necessary or advisable in order to have the claims of the
Lenders and Administrative Agent (including any claim for the reasonable compensation, expenses, disbursements and advances of the Lenders
and Administrative Agent and their respective agents and counsel and all other amounts due the Lenders and Administrative Agent under
Sections 5, 15.5, and 15.17) allowed in any such proceedings; and

 

(b)
collect and receive any monies or other property payable or deliverable on any such claims and to distribute the same.

 

    92

     

    

 

14.13.2
Any custodian, receiver, assignee, trustee, liquidator, sequestrator, or other similar official in any such proceeding is hereby
authorized by each Lender to make all payments to Administrative Agent and, in the event that Administrative Agent consents to the making
of such payments directly to the Lenders, to pay to Administrative Agent any amount due for the reasonable compensation, expenses, disbursements
and advances of Administrative Agent and its agents and counsel, and any other amounts due Administrative Agent under Sections 5,
15.5, and 15.17.

 

14.13.3
Nothing contained in this Agreement will be deemed to authorize Administrative Agent to authorize or consent to or accept or adopt
on behalf of any Lender any plan of reorganization, arrangement, adjustment or composition affecting the Obligations or the rights of
any Lender or to authorize Administrative Agent to vote in respect of the claim of any Lender in any such proceeding.

 

14.14
Other Agents; Arrangers and Managers. None of the Lenders or other Persons identified on the facing page or signature
pages of this Agreement as a “syndication agent,” “documentation agent,” “co-agent,” “book manager,”
“lead manager,” “arranger,” “lead arranger” or “co-arranger,” if any, has any right, power,
obligation, liability, responsibility, or duty under this Agreement other than, in the case of any Lender, those applicable to all Lenders
as such. Without limiting the foregoing, none of the Lenders or other Persons so identified has or is deemed to have any fiduciary relationship
with any Lender. Each Lender acknowledges that it has not relied, and will not rely, on any of the Lenders or other Persons so identified
in deciding to enter into this Agreement or in taking or not taking action under this Agreement.

 

14.15
Protective Advances. Administrative Agent may, from time to time at any time that an Event of Default has occurred and is
continuing, make all disbursements and advances (“Protective Advances”) that Administrative Agent, in its sole discretion,
deems necessary or desirable to preserve, protect, prepare for sale or lease or dispose of the Collateral or any portion thereof, to enhance
the likelihood or maximize the amount of repayment by the Loan Parties of the Loans and other Obligations or to pay any other amount chargeable
to the Loan Parties pursuant to the terms of this Agreement and the other Loan Documents, including, without limitation, costs, fees and
expenses as described in Section 15.5. Protective Advances are repayable on demand and will be secured by the Collateral and
bear interest at a rate per annum equal to the rate then applicable to Term Loans. The maximum aggregate amount of Protective Advances
that Administrative Agent may make is $20,000,000. Protective Advances constitute Obligations under this Agreement. No Protective Advance
made by Administrative Agent and charged to the Loan Account will be deemed to constitute a Loan and no Lender will have any obligation
to fund any amount to Administrative Agent as a result thereof. Administrative Agent shall notify each Lender and Borrower in writing
of each Protective Advance made by Administrative Agent, which notice must include a description of the purpose of that Protective Advance.

 

Section
15 GENERAL.

 

15.1
Waiver; Amendments.

 

(a)
No amendment, modification, or waiver of, or consent with respect to, any provision of this Agreement or the other Loan Documents
(other than an Incremental Facility Amendment pursuant to Section 2.1.2) will be effective unless it is in writing and acknowledged by
Lenders having an aggregate Pro Rata Shares of not less than the aggregate Pro Rata Shares expressly designated in this Agreement with
respect thereto or, in the absence of any such designation as to any provision of this Agreement, by the Required Lenders. Any amendment,
modification, waiver, or consent will be effective only in the specific instance and for the specific purpose for which given.

 

    93

     

    

 

(b)
The Agent Fee Letter may be amended, waived, consented to, or modified by the parties thereto.

 

(c)
No amendment, modification, waiver, or consent may extend or increase the Commitment of any Lender without the written consent
of that Lender.

 

(d)
No amendment, modification, waiver, or consent may waive, or extend the date scheduled for, payment of any principal (in each case,
excluding mandatory prepayments) of or interest on the Loans or any fees payable under this Agreement without the written consent of each
Lender directly affected thereby.

 

(e)
No amendment, modification, waiver, or consent may reduce the principal amount of any Loan, the rate of interest thereon, or any
fees payable under this Agreement without the consent of each Lender directly affected thereby (except (i) for periodic adjustments
of interest rates and fees resulting from a change in the Adjusted Term SOFR and the Base Rate as provided for in this Agreement, and
(ii) that Required Lenders may rescind any increase in the interest rate under and in accordance with Section 4.1.2).

 

(f)
No amendment, modification, waiver, or consent may do any of the following without the written consent of each Lender: (i) release
Borrower or any Guarantor from its obligations, other than as part of or in connection with any disposition permitted under this Agreement;
(ii) release all or any substantial part of the Collateral granted under the Collateral Documents (except as permitted by Section 14.11);
(iii) change the definitions of Pro Rata Share or Required Lenders, any provision of this Section 15.1, any provision
of Section 13.3, or reduce the aggregate Pro Rata Share required to effect an amendment, modification, waiver, or consent.

 

(g)
No provision of Sections 6.1.2, 6.2, or 7.2.2(b) with respect to the timing or application of mandatory
prepayments of the Loans may be amended, modified, or waived without the consent of Lenders having a majority of the aggregate Pro Rata
Shares of the Term Loans affected thereby.

 

(h)
No provision of Section 14 or other provision of this Agreement affecting Administrative Agent in its capacity as such
may be amended, modified, or waived without the consent of Administrative Agent.

 

(i)
[Reserved]

 

(j)
Notwithstanding the foregoing, this Agreement may be amended (or amended and restated) with the written consent of the Required
Lenders, Administrative Agent and Borrower to do any of the following: (i) to add one or more additional credit facilities to this
Agreement and to permit the extensions of credit from time to time outstanding thereunder and the accrued interest and fees in respect
thereof to share ratably in the benefits of this Agreement and the other Loan Documents with the Term Loans and the accrued interest
and fees in respect thereof and (ii) to include appropriately the Lenders holding any such additional credit facilities in any determination
of the Required Lenders.

 

(k)
If, in connection with any proposed amendment, modification, waiver or termination requiring the consent of all Lenders, the consent
of the Required Lenders is obtained but the consent of other Lenders whose consent is required is not obtained (any such Lender whose
consent is not obtained is referred to as a “Non-Consenting Lender”), then, so long as Administrative Agent is not
a Non-Consenting Lender, Administrative Agent and/or one or more Persons reasonably acceptable to Administrative Agent may (but will not
be required to) purchase from that Non-Consenting Lender, and that Non-Consenting Lenders shall, upon Administrative Agent’s request,
sell and assign to Administrative Agent and/or any such Person, all of the Loans and Commitments of that Non-Consenting Lender for an
amount equal to the principal balance of all such Loans and Commitments held by that Non-Consenting Lender and all accrued interest, fees,
expenses, and other amounts then due with respect thereto through the date of sale, which purchase and sale will be consummated pursuant
to an executed Assignment Agreement.

 

    94

     

    

 

15.2
Confirmations. Borrower and each holder of a Note agree from time to time, upon written request received by it from the
other, to confirm to the other in writing (with a copy of each such confirmation to Administrative Agent) the aggregate unpaid principal
amount of the Loans then outstanding under that Note.

 

15.3
Notices.

 

15.3.1 Generally.
Except as otherwise provided in Sections 2.2.2 and 2.2.3, all notices under this Agreement must be in writing (including
facsimile transmission) and must be sent to the applicable party at its address shown on Annex B or at any other address as the
receiving party designates, by written notice received by the other parties, as its address for that purpose. Notices sent by facsimile
transmission will be deemed to have been given when sent; notices sent by mail will be deemed to have been given three Business
Days after the date when sent by registered or certified mail, postage prepaid; and notices sent by hand delivery or overnight courier
service will be deemed to have been given when received. For purposes of Sections 2.2.2 and 2.2.3, Administrative
Agent will be entitled to rely on telephonic instructions from any person that Administrative Agent in good faith believes is an authorized
officer or employee of Borrower, and Borrower shall hold harmless Administrative Agent and each other Lender from any loss, cost, or
expense resulting from any such reliance.

 

15.3.2
Electronic Communications.

 

(a)
Notices and other communications to any Lender under this Agreement may be delivered or furnished by electronic communication (including
e-mail and Internet or intranet websites) pursuant to procedures approved by Administrative Agent, but the foregoing does not apply to
notices to any Lender pursuant to Section 2.2 if that Lender has notified Administrative Agent and Borrower that it is incapable
of receiving notices under Section 2.2 by electronic communication. Administrative Agent or Borrower may, in its respective
sole discretion, agree to accept notices and other communications to it under this Agreement by electronic communications pursuant to
procedures approved by it, and approval of any such procedures may be limited to particular notices or communications.

 

(b)
Unless otherwise agreed by the sender and the intended recipient, (i) notices and other communications sent to an e-mail address
will be deemed received upon the sender’s receipt of an acknowledgement from the intended recipient (such as by the “return
receipt requested” function, as available, return e-mail, or other written acknowledgement); (ii) notices or communications
posted to an Internet or intranet website will be deemed received upon the deemed receipt by the intended recipient, at its e-mail address
as described in the foregoing clause (i), of notification that the notice or communication is available and identifying the
website address therefor; and (iii) for both clauses (i) and (ii) of this Section 15.3.2(b), any notice,
e-mail or other communication that is not sent during the normal business hours of the intended recipient will be deemed to have been
sent at the opening of business on the next Business Day for the intended recipient.

 

    95

     

    

 

15.4
Computations. Where the character or amount of any asset or liability or item of income or expense is required to be determined,
or any consolidation or other accounting computation is required to be made, for the purpose of this Agreement, that determination or
calculation will, to the extent applicable and except as otherwise specified in this Agreement, be made in accordance with GAAP, consistently
applied, but if Borrower notifies Administrative Agent that Borrower wishes to amend any covenant in Section 10 or 11.12
(or any related definition) to eliminate or to take into account the effect of any change in GAAP on the operation of that covenant (or
if Administrative Agent notifies Borrower that the Required Lenders wish to amend Section 10 or 11.12 (or any related
definition) for that purpose), then Borrower’s compliance with that covenant will be determined on the basis of GAAP in effect immediately
before the relevant change in GAAP became effective, until either the applicable notice under this Section 15.4 is withdrawn
or the applicable covenant (or related definition) is amended in a manner satisfactory to Borrower and the Required Lenders.

 

15.5
Costs and Expenses. Borrower shall pay on demand all reasonable out-of-pocket costs and expenses of Administrative Agent
(including, without limitation, Attorney Costs) in connection with the preparation, execution, syndication, delivery and administration
(including perfection and protection of any Collateral and the costs of IntraLinks (or other similar service), if applicable) of this
Agreement, the other Loan Documents, and all other documents provided for in this Agreement or delivered or to be delivered under or in
connection with this Agreement (including any amendment, supplement, or waiver to any Loan Document), whether or not the transactions
contemplated hereby or thereby are consummated, including, without limitation, all reasonable and documented out-of-pocket costs and expenses
incurred pursuant to Section 10.2, and all reasonable out-of-pocket costs and expenses (including, without limitation, Attorney
Costs) incurred by Administrative Agent and each Lender after an Event of Default in connection with the collection of the Obligations
or the enforcement of this Agreement the other Loan Documents or any such other documents or during any workout, restructuring, or negotiations
in respect thereof. In addition, each Loan Party shall pay, and shall save and hold harmless Administrative Agent and the Lenders from
all liability for, any fees of Borrower’s auditors in connection with any reasonable exercise by Administrative Agent and the Lenders
of their rights pursuant to Section 10.2. All Obligations provided for in this Section 15.5 will survive repayment of the
Loans, cancellation of the Notes and termination of this Agreement. This Section 15.5 shall not apply with respect to Taxes
other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claim.

 

15.6
Assignments; Participations.

 

15.6.1
Assignments.

 

(a)
(a)Any Lender may at any time assign to one or more Persons (any such Person, an “Assignee”) all or any
portion of that Lender’s Loans and Commitments, with the prior written consent of Administrative Agent and, so long as no Event
of Default exists, Borrower (which consent of Borrower may not be unreasonably withheld or delayed, except in the case of an assignment
to a Disqualified Institution in which case consent of Borrower may be provided or withheld in Borrower’s sole discretion and which
consent, for avoidance of doubt, shall not be required from Borrower at any time while (x) an Event of Default pursuant to Sections 13.1.1,
13.1.2, or 13.1.4 has occurred and is continuing and (y) any other Event of Default has occurred and is continuing for a period of more
than ten consecutive Business Days), but (i) no such consent of any kind is required for an assignment by a Lender to a Lender or an Affiliate
of a Lender or an Approved Fund, and (ii) no assignment may be made to a Loan Party or an Affiliate of a Loan Party. Except as Administrative
Agent otherwise agrees, any such assignment must be in a minimum aggregate amount equal to $1,000,000 (which minimum will be $250,000
if the assignment is to an Affiliate of the assigning Lender) or, if less, the remaining Commitment and Loans held by the assigning Lender.
Borrower and Administrative Agent will be entitled to continue to deal solely and directly with the assigning Lender in connection with
the interests so assigned to an Assignee until Administrative Agent has received and accepted an effective assignment agreement in substantially
the form of Exhibit C (an “Assignment Agreement”) executed, delivered, and fully completed by the applicable parties thereto
and a processing fee of $3,500. No assignment may be made to any Person if at the time of that assignment Borrower would be obligated
to pay any greater amount under Section 7.6 or Section 8 to the Assignee than Borrower is then obligated to pay to the assigning Lender
under that section (and if any assignment is made in violation of the foregoing, Borrower will not be required to pay any such greater
amounts). Any attempted assignment not made in accordance with this Section 15.6.1 will be treated as the sale of a participation under
Section 15.6.2, except for an assignment to a Disqualified Institution, which assignment to a Disqualified Institution will be null and
void (unless such assignment is made during any time while an Event of Default has occurred and is continuing or with the consent of Borrower).
Borrower will be deemed to have granted its consent to any assignment requiring its consent under this Agreement unless Borrower has expressly
objected in writing to that assignment within five (5) Business Days after notice thereof.

 

    96

     

    

 

(b)
From and after the date on which the conditions described above have been met, (i) the Assignee will be deemed automatically
to have become a party to this Agreement and, to the extent that rights and obligations under this Agreement have been assigned to that
Assignee pursuant to the Assignment Agreement, will have the rights and obligations of a Lender under this Agreement, and (ii) the
assigning Lender, to the extent that rights and obligations under this Agreement have been assigned by it pursuant to that Assignment
Agreement, will be released from its rights (other than its indemnification rights) and obligations under this Agreement. Upon the request
of the Assignee (and, as applicable, the assigning Lender) pursuant to an effective Assignment Agreement, Borrower shall execute and deliver
to Administrative Agent for delivery to the Assignee (and, as applicable, the assigning Lender) one or more Notes in accordance with Section 3.1
to reflect the amounts assigned to that Assignee and the amounts, if any, retained by the assigning Lender. Each such Note will be dated
the effective date of the applicable assignment. Upon receipt by Administrative Agent of any such Note, the assigning Lender shall return
to Borrower any applicable prior Note held by it.

 

(c)
Any Lender may at any time pledge or assign a security interest in all or any portion of its rights under this Agreement to secure
obligations of that Lender, including any pledge or assignment to secure obligations to a Federal Reserve Bank, and this Section 15.6.1
will not apply to any such pledge or assignment of a security interest. No such pledge or assignment of a security interest will release
a Lender from any of its obligations under this Agreement or substitute any such pledgee or assignee for that Lender as a party to this
Agreement.

 

15.6.2
Participations. Any Lender may at any time sell to one or more Persons (other than (x) a Disqualified Institution unless
expressly consented to by Borrower (which consent shall not be required from Borrower at any time while an Event of Default has occurred
and is continuing) and (y) a natural person, or a holding company, investment vehicle or trust for, or owned and operated for the primary
benefit of, a natural person, or Borrower or any of Borrower’s Affiliates or Subsidiaries) participating interests in its Loans,
Commitments or other interests under this Agreement (including all or a portion of its Commitment and/or the Loans owing to it) (any such
Person, a “Participant”); provided that, in the event of a sale by a Lender of a participating interest to a Participant,
(a) that Lender’s obligations under this Agreement will remain unchanged for all purposes; (b) Borrower and Administrative Agent
shall continue to deal solely and directly with that Lender in connection with that Lender’s rights and obligations under this Agreement;
and (c) all amounts payable by Borrower will be determined as if that Lender had not sold that participation and will be paid directly
to that Lender. No Participant will have any direct or indirect voting rights under this Agreement except with respect to any event described
in Section 15.1 expressly requiring the unanimous vote of all Lenders or, as applicable, all affected Lenders. Each Lender agrees to incorporate
the requirements of the preceding sentence into each participation agreement which that Lender enters into with any Participant. Borrower
agrees that if amounts outstanding under this Agreement are due and payable (as a result of acceleration or otherwise), each Participant
will be deemed to have the right of set-off in respect of its participating interest in amounts owing under this Agreement to the same
extent as if the amount of its participating interest were owing directly to it as a Lender under this Agreement, but that right of set-off
is subject to the obligation of each Participant to share with the Lenders, and the Lenders shall share with each Participant, as provided
in Section 7.5. Participant will be entitled to the benefits of Section 7.6 and Section 8 as if it were a Lender (but on the date of the
participation no Participant will be entitled to any greater compensation pursuant to Section 7.6 or Section 8 than would have been paid
to the participating Lender on that date if no participation had been sold, and each Participant must comply with Section 7.6.4 as if
it were an Assignee). Each Lender that sells a participation shall, acting solely for this purpose as a non-fiduciary agent of Borrower,
maintain a register on which it enters the name and address of each Participant and the principal amounts (and stated interest) of each
Participant’s interest in the Loans or other obligations under the Loan Documents (the “Participant Register”); provided
that no Lender shall have any obligation to disclose all or any portion of the Participant Register (including the identity of any Participant
or any information relating to a Participant’s interest in any commitments, loans or its other obligations under any Loan Document)
to any Person except to the extent that such disclosure is necessary to establish that such commitment, loan or other obligation is in
registered form under Section 5f.103-1(c) of the United States Treasury Regulations. The entries in the Participant Register shall be
conclusive absent manifest error, and such Lender shall treat each Person whose name is recorded in the Participant Register as the owner
of such participation for all purposes of this Agreement notwithstanding any notice to the contrary. For the avoidance of doubt, Administrative
Agent (in its capacity as Administrative Agent) shall have no responsibility for maintaining a Participant Register.

 

    97

     

    

 

15.7
Register. Administrative Agent shall maintain, at its offices in the United States, and deliver a copy to Borrower upon
written request, a copy of each Assignment Agreement delivered and accepted by it and register (the “Register”) for
the recordation of names and addresses of the Lenders and the Commitment of each Lender from time to time and whether that Lender is the
original Lender or the Assignee. No assignment will be effective unless and until the Assignment Agreement is accepted and registered
in the Register. All records of transfer of a Lender’s interest in the Register will be conclusive, absent manifest error, as to
the ownership of the interests in the Loans. Administrative Agent will not incur any liability of any kind with respect to any Lender
with respect to the maintenance of the Register. It is the intention that the Loans and Commitments be treated as registered obligations
and in “registered form” within the meaning of Sections 163(f), 871(h)(2) and 881(c)(2) of the Code, and that the right, title,
and interest of the Lenders in and to those Loans and Commitments be transferable only in accordance with the terms of this Agreement.

 

15.8
Governing Law. This Agreement and each Note is a contract made under
and governed by the internal laws of the State of New York applicable to contracts made and to be performed entirely within that state,
without regard to conflict-of-laws principles.

 

15.9
Confidentiality. As required by federal law and Administrative Agent’s policies and practices, Administrative Agent
may need to obtain, verify, and record certain customer identification information and documentation in connection with opening or maintaining
accounts, or establishing or continuing to provide services. Administrative Agent and each Lender shall use commercially reasonable efforts
(equivalent to the efforts Administrative Agent or that Lender applies to maintain the confidentiality of its own confidential information)
to maintain as confidential all non-public information provided to them by any Loan Party in connection with this Agreement and the transactions
contemplated thereby, except that Administrative Agent and each Lender may disclose any information as follows: (a) to Persons employed
or engaged by Administrative Agent or that Lender or that Lender’s Affiliates or Approved Funds in evaluating, approving, structuring,
or administering the Loans and the Commitments so long as such Person is bound by the confidentiality provisions of this Agreement; (b) to
any assignee or participant or potential assignee or participant that has agreed to comply with the covenant contained in this Section 15.9
(and any such assignee or participant or potential assignee or participant may disclose any such information to Persons employed or engaged
by them as described in clause (a) of this Section 15.9 but in all cases subject to the confidentiality provisions
of this Agreement); (c) as required or requested by any federal or state regulatory authority or examiner, or any insurance industry
association, or as reasonably believed by Administrative Agent or that Lender to be compelled by any court decree, subpoena, or legal
or administrative order or process, but Administrative Agent or that Lender, as applicable, shall (i) use reasonable efforts to give
the applicable Loan Party written notice prior to disclosing the information to the extent permitted by that requirement, request, court
decree, subpoena, or legal or administrative order or process, and (ii) disclose only that portion of the confidential information
as Administrative Agent or that Lender reasonably believes, or as counsel for Administrative Agent or that Lender, as applicable, advises
Administrative Agent or that Lender, that it must disclose pursuant to that requirement; (d) as Administrative Agent or that Lender
reasonably believes, or on the advice of Administrative Agent’s or that Lender’s counsel, is required by law; (e) in
connection with the exercise or potential exercise of any right or remedy under the Loan Documents pursuant to legal or judicial process
or in connection with any litigation to which Administrative Agent or that Lender is a party; (f) 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 that Lender but only so long as such agency agrees to the confidentiality provisions hereof or is otherwise bound by customary confidentiality
requirements; (g) to any Affiliate of Administrative Agent or any Lender who might provide bank products and cash management services
to the Loan Parties but in all cases subject to the confidentiality provisions hereof; (h) to that Lender’s independent auditors
and other professional advisors as to which that information has been identified as confidential; or (i) if that information ceases
to be confidential through no fault of Administrative Agent or any Lender. Notwithstanding the foregoing, Borrower consents to the publication
by Administrative Agent or any Lender of a tombstone or similar advertising material relating to the financing transactions contemplated
by this Agreement, in consultation with Borrower, and Administrative Agent reserves the right to provide to industry trade organizations
information necessary and customary for inclusion in league table measurements. If any provision of any confidentiality agreement, non-disclosure
agreement, or other similar agreement between Borrower and any Lender conflicts with or contradicts this Section 15.9 with
respect to the treatment of confidential information, then this Section 15.9 will supersede all such prior or contemporaneous
agreements and understandings between the parties.

 

15.10
Severability. Whenever possible each provision of this Agreement is to be interpreted so as to be effective and valid under
applicable law, but if any provision of this Agreement is prohibited by or invalid under applicable law, that provision will be ineffective
to the extent of that prohibition or invalidity, without invalidating the remainder of that provision or the remaining provisions of this
Agreement.

 

15.11
Nature of Remedies. All Obligations of the Loan Parties and rights of Administrative Agent and the Lenders expressed in
this Agreement or in any other Loan Document are in addition to and not in limitation of those provided by applicable law. No failure
to exercise, and no delay in exercising, on the part of Administrative Agent or any Lender, any right, remedy, power, or privilege under
this Agreement will operate as a waiver thereof, and no single or partial exercise of any right, remedy, power, or privilege under this
Agreement will preclude any other or further exercise thereof or the exercise of any other right, remedy, power, or privilege.

 

    98

     

    

 

15.12
Entire Agreement. This Agreement, together with the other Loan Documents, embodies the entire agreement and understanding
among the parties to this Agreement and supersedes all prior or contemporaneous agreements and understandings of all such Persons, verbal
or written, relating to the subject matter hereof and thereof (except as relates to the fees described in Section 5.1) and
any prior arrangements made with respect to the payment by the Loan Parties of (or any indemnification for) any fees, costs, or expenses
payable to or incurred (or to be incurred) by or on behalf of Administrative Agent or the Lenders.

 

15.13
Counterparts. This Agreement may be executed in any number of counterparts and by the different parties on separate counterparts.
Each such counterpart will be deemed to be an original, but all such counterparts will together constitute but one and the same Agreement.
Receipt of an executed signature page to this Agreement by facsimile or other electronic transmission will constitute effective delivery
thereof. Electronic records of executed Loan Documents maintained by the Lenders will be deemed to be originals.

 

15.14
Successors and Assigns. This Agreement binds Borrower, the Lenders, Administrative Agent, and their respective successors
and assigns and will inure to the benefit of Borrower, the Lenders, and Administrative Agent and the successors and assigns of the Lenders
and Administrative Agent. No other Person is or is intended to be a direct or indirect legal beneficiary of, or have any direct or indirect
cause of action or claim in connection with, this Agreement or any of the other Loan Documents. No Loan Party may assign or transfer any
of its rights or Obligations under this Agreement without the prior written consent of Administrative Agent and each Lender.

 

15.15
Captions. Section captions used in this Agreement are for convenience only and do not affect the construction of this
Agreement.

 

15.16
Customer Identification—USA Patriot Act Notice. Each Lender and Monroe Capital (each for itself and not on behalf
of any other party) hereby notifies the Loan Parties that, pursuant to the requirements of the USA Patriot Act, Title III of Pub.
L. 107-56, signed into law October 26, 2001 (the “Patriot Act”), it is required to obtain, verify, and record
information that identifies the Loan Parties, which information includes the name and address of the Loan Parties and other information
that will allow that Lender or Monroe Capital, as applicable, to identify the Loan Parties in accordance with the Patriot Act.

 

15.17
Indemnification by Loan Parties. In consideration of the execution
and delivery of this Agreement by Administrative Agent and the Lenders and the agreement to extend the Commitments provided under this
Agreement, Borrower hereby agrees to indemnify, exonerate, and hold harmless Administrative Agent, each Lender and each of the officers,
directors, employees, Affiliates, agents, and Approved Funds of Administrative Agent and each Lender (each, a “Lender Party”)
from and against any and all actions, causes of action, suits, losses, liabilities, damages, and expenses, including Attorney Costs (collectively,
the “Indemnified Liabilities”), incurred by the Lender Parties or any of them as a result of, or arising out of, or relating
to (a) any tender offer, merger, purchase of capital securities, purchase of assets or other similar transaction financed or proposed
to be financed in whole or in part, directly or indirectly, with the proceeds of any of the Loans; (b) the use, handling, release, emission,
discharge, transportation, storage, treatment or disposal of any Hazardous Substance at any property owned or leased by any Loan Party,
any Environmental Claim related to any Loan Party, and any liability arising under Environmental Law of or related to any Loan Party;
(c) the execution, delivery, performance, or enforcement of this Agreement or any other Loan Document by any of the Lender Parties, in
each case except for any such Indemnified Liabilities arising on account of the applicable Lender Party’s gross negligence or willful
misconduct as determined by a final, non-appealable judgment by a court of competent jurisdiction. If and to the extent that the foregoing
undertaking is unenforceable for any reason, Borrower hereby agrees to make the maximum contribution to the payment and satisfaction of
each of the Indemnified Liabilities which is permissible under applicable law. All obligations provided for in this Section 15.17 will
survive repayment of the Loans, cancellation of the Notes, any foreclosure under, or any modification, release, or discharge of, any or
all of the Collateral Documents and termination of this Agreement. This Section  15.17 shall not apply with respect to Taxes
other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claim.

 

    99

     

    

 

15.18
Non-Liability of Lenders.

 

(a)
The relationship between Borrower on the one hand and the Lenders and Administrative Agent on the other hand is solely that of
borrower and lender. Neither Administrative Agent nor any Lender has any fiduciary relationship with or duty to any Loan Party arising
out of or in connection with this Agreement or any of the other Loan Documents, and the relationship between the Loan Parties, on the
one hand, and Administrative Agent and the Lenders, on the other hand, in connection herewith or therewith is solely that of debtor and
creditor. Neither Administrative Agent nor any Lender undertakes any responsibility to any Loan Party to review or inform any Loan Party
of any matter in connection with any phase of any Loan Party’s business or operations. Borrower agrees, on behalf of itself and
each other Loan Party, that neither Administrative Agent nor any Lender has any liability to any Loan Party (whether sounding in tort,
contract or otherwise) for losses suffered by any Loan Party in connection with, arising out of, or in any way related to the transactions
contemplated and the relationship established by the Loan Documents, or any act, omission, or event occurring in connection therewith,
unless it is determined in a final non-appealable judgment by a court of competent jurisdiction that those losses resulted from the gross
negligence or willful misconduct of the party from which recovery is sought.

 

(b)
No Lender Party will be liable for any damages arising from the use by others of any information or other materials obtained through
IntraLinks or other similar information transmission systems in connection with this Agreement. No Lender Party will have any liability
with respect to, and Borrower, on behalf of itself and each other Loan Party, hereby waives, releases, and agrees not to sue for, any
special, punitive, exemplary, indirect, or consequential damages relating to this Agreement or any other Loan Document or arising out
of its activities in connection herewith or therewith (whether before or after the Closing Date).

 

(c)
Each Loan Party acknowledges that it has been advised by counsel in the negotiation, execution and delivery of this Agreement and
the other Loan Documents to which it is a party. No joint venture is created hereby or by the other Loan Documents or otherwise exists
by virtue of the transactions contemplated hereby among the Lenders or among the Loan Parties and the Lenders.

 

15.19
Forum Selection and Consent to Jurisdiction. Any litigation based
hereon, or arising out of, under, or in connection with this Agreement or any other Loan Document, will be brought and maintained exclusively
in the courts of the State of New York or in the United States District Court for the Southern District of New York, but nothing in this
Agreement will be deemed or operate to preclude Administrative Agent from bringing suit or taking other legal action in any other jurisdiction.
Borrower hereby expressly and irrevocably submits to the jurisdiction of the courts of the State of New York and of the United States
District Court for the Southern District of New York for the purpose of any such litigation as set forth above. Borrower further irrevocably
consents to the service of process by registered mail, postage prepaid, or by personal service within or without the State of New York.
Borrower hereby expressly and irrevocably waives, to the fullest extent permitted by law, any objection that it now has or hereafter might
have to the laying of venue of any such litigation brought in any such court referred to above and any claim that any such litigation
has been brought in an inconvenient forum.

 

    100

     

    

 

15.20 
Waiver of Jury Trial. Borrower, Administrative Agent, and each Lender
hereby waives any right to a trial by jury in any action or proceeding to enforce or defend any rights under this Agreement, any Note,
any other Loan Document, and any amendment, instrument, document, or agreement delivered or which might in the future be delivered
in connection with this Agreement or therewith or arising from any lending relationship existing in connection with any of the foregoing,
and agrees that any such action or proceeding will be tried before a court and not before a jury.

 

15.21
Acknowledgement and Consent to Bail-In of EEA Financial Institutions. Notwithstanding anything to the contrary in any
Loan Document or in any other agreement, arrangement, or understanding among any such parties, each party hereto acknowledges that any
liability of any EEA Financial Institution arising under any Loan Document, to the extent such liability is unsecured, may be subject
to the write-down and conversion powers of an EEA Resolution Authority and agrees and consents to, and acknowledges and agrees to
be bound by (a) the application of any Write-Down and Conversion Powers by an EEA Resolution Authority to any such liabilities
arising hereunder which may be payable to it by any party hereto that is an EEA Financial Institution; and (b) the effects of any Bail-in
Action on any such liability, including, if applicable: (i) a reduction in full or in part or cancellation of any such liability;
(ii) a conversion of all, or a portion of, such liability into shares or other instruments of ownership in that EEA Financial
Institution, its parent undertaking, or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares
or other instruments of ownership will be accepted by it in lieu of any rights with respect to any such liability under this Agreement
or any other Loan Document; or (iii) the variation of the terms of such liability in connection with the exercise of the write-down
and conversion powers of any EEA Resolution Authority.

 

[Signature pages follow]

 

    101

     

    

 

The parties are signing this
Credit Agreement as of the date stated in the introductory clause.

 

	 	MONEYLION TECHNOLOGIES INC.,
	 	as Borrower
	 	 	 	 
	 	By:	/s/ Richard Correia
	 	 	Name: 	 Richard Correia
	 	 	Title:	Chief Financial Officer

 

[Signature Page to Credit Agreement]

 

    

     

    

 

	 	Monroe Capital Management Advisors, LLC,
	 	as Administrative Agent
	 	 	 	 
	 	By:	/s/ Joseph P. Valickus
	 	 	Name: 	Joseph P. Valickus
	 	 	Title:	Managing Director

 

[Signature Page to Credit Agreement]

 

    

     

    

 

	 	MONROE CAPITAL CORPORATION,
	 	in its capacity as a Lender 
	 	 	 	 
	 	By:	/s/ Joseph P. Valickus
	 	 	Name:	Joseph P. Valickus
	 	 	Title:	Managing Director
	 	 	 	 
	 	MC INCOME PLUS FINANCING SPV LLC,
	 	in its capacity as a Lender 
	 	 	 	 
	 	By:	/s/ Joseph P. Valickus
	 	 	Name:	Joseph P. Valickus
	 	 	Title:	Managing Director
	 	 	 	 
	 	MONROE CAPITAL INCOME PLUS CORPORATION,
	 	in its capacity as a Lender 
	 	 	 	 
	 	By:	/s/ Joseph P. Valickus
	 	 	Name:	 Joseph P. Valickus
	 	 	Title:	Managing Director
	 	 	 	 
	 	Monroe Capital Private Credit Master Fund IV SCSp,
	 	in its capacity as a Lender 
	 	 
	 	By:	Monroe Capital Management Advisors LLC, as Investment Manager
	 	 	 	 
	 	By:	/s/ Joseph P. Valickus
	 	 	Name: 	Joseph P. Valickus
	 	 	Title:	Managing Director

 

[Signature Page to Credit Agreement]

 

    

     

    

 

	 	Monroe Capital Private Credit Master Fund IV (Unleveraged) SCSp,

in its capacity as a Lender 
	 	 
	 	By:	Monroe Capital Management Advisors LLC, as Investment Manager
	 	 	 
	 	By:	/s/ Joseph P. Valickus
	 	 	Name:	 Joseph P. Valickus
	 	 	Title:	Managing Director

 

	 	MONROE CAPITAL PRIVATE CREDIT FUND 559 LP,

in its capacity as a Lender 
	 	 
	 	By:	MONROE CAPITAL PRIVATE CREDIT FUND 559 GP LLC,

its general partner

	 	 	 
	 	By:	/s/ Joseph P. Valickus
	 	 	Name:	 Joseph P. Valickus
	 	 	Title:	Managing Director

 

	 	MONROE CAPITAL PRIVATE CREDIT FUND 559 FINANCING SPV LLC,

in its capacity as a Lender 
	 	 
	 	By:	MONROE CAPITAL PRIVATE CREDIT FUND 559 LP,

as its Designated Manager

	 	 	 
	 	By:	MONROE CAPITAL PRIVATE CREDIT FUND 559 GP, LLC,

its general partner

	 	 	 
	 	By:	/s/ Joseph P. Valickus
	 	 	Name:	 Joseph P. Valickus
	 	 	Title:	Managing Director

 

	 	MC FINANCING SPV I, LLC,
	 	 
	 	By:	/s/ Joseph P. Valickus
	 	 	Name:	 Joseph P. Valickus
	 	 	Title:	Managing Director

 

[Signature Page to Credit Agreement]

 

     

     

    

 

	 	Monroe Capital Opportunistic Private Credit Fund Financing SPV SCSP,

in its capacity as a Lender 
	 	 
	 	By:	Monroe Capital Management Advisors LLC, as Investment Manager
	 	 	 
	 	By:	/s/ Joseph P. Valickus
	 	 	Name:	Joseph P. Valickus
	 	 	Title:	Managing Director

 

	 	Monroe Capital Opportunistic Private Credit Master Fund SCSp,

in its capacity as a Lender 
	 	 
	 	By:	Monroe Capital Management Advisors LLC, as Investment Manager
	 	 	 
	 	By:	/s/ Joseph P. Valickus
	 	 	Name:	 Joseph P. Valickus
	 	 	Title:	Managing Director

 

	 	Monroe Capital Fund Marsupial (LUX) Financing SPV LP
	 	 
	 	By:	Monroe Capital Fund Marsupial (LUX) Financing GP LLC,

its General Partner

	 	 	 
	 	By:	Monroe Capital Management Advisors LLC,

as Designated Manager

	 	 	 
	 	By:	/s/ Joseph P. Valickus
	 	 	Name:	 Joseph P. Valickus
	 	 	Title:	Managing Director

 

	 	Monroe Capital Private Credit Fund IV Financing SPV I SCSp, 
	 	 
	 	By:	Monroe Capital Private Credit Fund IV GP S.à.r.l, its manager general partner
	 	 	 
	 	By:	/s/ Joseph P. Valickus
	 	 	Name:	Joseph P. Valickus
	 	 	Title:	Managing Director

 

[Signature Page to Credit Agreement]

 

     

     

    

 

	 	Monroe Capital Private Credit Fund IV Financing SPV II SCSp, 
	 	 
	 	By:	Monroe Capital Private Credit Fund IV SPV II GP S.à.r.l, its manager general partner
	 	 	 
	 	By:	/s/ Joseph P. Valickus
	 	 	Name:	Joseph P. Valickus
	 	 	Title:	Managing Director

 

	 	MONROE PRIVATE CAPITAL FUND A LP,

in its capacity as a Lender 
	 	 
	 	By:	MONROE PRIVATE CREDIT FUND A LLC,

its general partner

	 	 	 
	 	By:	/s/ Joseph P. Valickus
	 	 	Name:	 Joseph P. Valickus
	 	 	Title:	Managing Director

 

[Signature Page to Credit Agreement]

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00342-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00342-of-00352.parquet"}]]