Document:

Exhibit 10.10

 

EXECUTION
VERSION

 

		 	 
	 	 	 

 

THIRD
AMENDED AND RESTATED CREDIT AGREEMENT

 

dated
as of

 

December
21, 2021

among

 

COMPOSECURE,
L.L.C.

 

ARCULUS
HOLDINGS, L.L.C.

 

COMPOSECURE
HOLDINGS, L.L.C.

 

The
Lenders Party Hereto

 

and

 

JPMORGAN
CHASE BANK, N.A.,

as
Administrative Agent

 

 

 

TD
BANK, N.A.,

as Joint Bookrunner and Co-Syndication Agent

 

PNC
CAPITAL MARKETS LLC

and

BANK
OF AMERICA, N.A.,

as Joint Bookrunners, Joint Lead Arrangers and Co-Syndication Agents

 

JPMORGAN
CHASE BANK, N.A.,

as
Joint Bookrunner and Joint Lead Arranger

 

     

     

    

 

TABLE
OF CONTENTS

 

Page

 

	ARTICLE I DEFINITIONS	1
	 	 	 
	 	Section 1.01. Defined Terms	1
	 	Section 1.02. Classification of Loans and Borrowings	38
	 	Section 1.03. Terms Generally	38
	 	Section 1.04. Accounting Terms; GAAP	38
	 	Section 1.05. Pro Forma Adjustments for Acquisitions and Dispositions	39
	 	Section 1.06. Rounding	39
	 	Section 1.07. Divisions	39
	 	Section 1.08. Interest Rates; LIBOR Notification	39

 

	ARTICLE II THE CREDITS	40
	 	 	 
	 	Section 2.01. Commitments	40
	 	Section 2.02. Loans and Borrowings	41
	 	Section 2.03. Requests for Borrowings	41
	 	Section 2.04. [Reserved]	42
	 	Section 2.05. Swingline Loans	42
	 	Section 2.06. Letters of Credit	43
	 	Section 2.07. Funding of Borrowings	48
	 	Section 2.08. Interest Elections	49
	 	Section 2.09. Termination and Reduction
    of Commitments; Increase in Revolving Commitments; Increase in Term Commitments	50
	 	Section 2.10. Repayment and Amortization of Loans; Evidence of Debt	51
	 	Section 2.11. Prepayment of Loans	54
	 	Section 2.12. Fees	55
	 	Section 2.13. Interest	56
	 	Section 2.14. Alternate Rate of Interest	57
	 	Section 2.15. Increased Costs	59
	 	Section 2.16. Break Funding Payments	61
	 	Section 2.17. Taxes	61
	 	Section 2.18. Payments Generally; Allocation of Proceeds; Sharing of Set-offs	64
	 	Section 2.19. Mitigation Obligations; Replacement of Lenders	67
	 	Section 2.20. Defaulting Lenders	67
	 	Section 2.21. Returned Payments	69
	 	Section 2.22. Banking Services and Swap Agreements	69

 

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TABLE
OF CONTENTS 

(continued)

Page

 

	ARTICLE III REPRESENTATIONS AND WARRANTIES	69
	 	 	 
	 	Section 3.01. Organization; Powers	69
	 	Section 3.02. Authorization; Enforceability	70
	 	Section 3.03. Governmental Approvals; No Conflicts	70
	 	Section 3.04. Financial Condition; No Material Adverse Change	70
	 	Section 3.05. Properties	70
	 	Section 3.06. Litigation and Environmental Matters	71
	 	Section 3.07. Compliance with Laws and Agreements; No Default	71
	 	Section 3.08. Investment Company Status	71
	 	Section 3.09. Taxes	71
	 	Section 3.10. ERISA	71
	 	Section 3.11. Disclosure	72
	 	Section 3.12. Material Contracts	72
	 	Section 3.13. Solvency	72
	 	Section 3.14. Insurance	72
	 	Section 3.15. Capitalization and Subsidiaries	73
	 	Section 3.16. Security Interest in Collateral	73
	 	Section 3.17. Employment Matters	73
	 	Section 3.18. Federal Reserve Regulations	73
	 	Section 3.19. Use of Proceeds	73
	 	Section 3.20. No Burdensome Restrictions	73
	 	Section 3.21. Anti-Corruption Laws and Sanctions	73
	 	Section 3.22. Affiliate Transactions	74
	 	Section 3.23. EEA Financial Institutions	74

 

	ARTICLE IV CONDITIONS	74
	 	 	 
	 	Section 4.01. Restatement Date	74
	 	Section 4.02. Each Credit Event	76

 

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TABLE
OF CONTENTS 

(continued)

Page

 

	ARTICLE V AFFIRMATIVE COVENANTS	77
	 	 	 
	 	Section 5.01. Financial Statements and Other Information	77
	 	Section 5.02. Notices of Material Events	79
	 	Section 5.03. Existence; Conduct of Business	79
	 	Section 5.04. Payment of Obligations	79
	 	Section 5.05. Maintenance of Properties	80
	 	Section 5.06. Books and Records; Inspection Rights	80
	 	Section 5.07. Compliance with Laws and Material Contractual Obligations	80
	 	Section 5.08. Use of Proceeds	80
	 	Section 5.09. Accuracy of Information	81
	 	Section 5.10. Insurance	81
	 	Section 5.11. Material Contracts	81
	 	Section 5.12. Casualty and Condemnation	81
	 	Section 5.13. Depository Banks	81
	 	Section 5.14. Additional Collateral; Further Assurances	81
	 	Section 5.15. Lender Meetings	82
	 	Section 5.16. Post Closing Requirements	83

 

	ARTICLE VI NEGATIVE COVENANTS	83
	 	 	 
	 	Section 6.01. Indebtedness	83
	 	Section 6.02. Liens	85
	 	Section 6.03. Fundamental Changes	86
	 	Section 6.04. Investments, Loans, Advances, Guarantees and Acquisitions	87
	 	Section 6.05. Asset Sales	89
	 	Section 6.06. Sale and Leaseback Transactions	90
	 	Section 6.07. Swap Agreements	90
	 	Section 6.08. Restricted Payments; Certain Payments of Indebtedness	90
	 	Section 6.09. Transactions with Affiliates	92
	 	Section 6.10. Restrictive Agreements	92
	 	Section 6.11. Amendment of Organizational Documents	93
	 	Section 6.12. Financial Covenants	93

 

	ARTICLE VII EVENTS OF DEFAULT	94

 

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TABLE
OF CONTENTS 

(continued)

Page

 

	ARTICLE VIII THE ADMINISTRATIVE AGENT	97
	 	 	 
	 	Section 8.01. Appointment	97
	 	Section 8.02. Rights as a Lender	97
	 	Section 8.03. Duties and Obligations	97
	 	Section 8.04. Reliance	98
	 	Section 8.05. Actions through Sub-Agents	98
	 	Section 8.06. Resignation; Removal	98
	 	Section 8.07. Non-Reliance	100
	 	Section 8.08. Other Agency Titles	100
	 	Section 8.09. Not Partners or Co-Venturers; Administrative
    Agent as Representative of the Secured Parties	101
	 	Section 8.10. Credit Bidding	101

 

	ARTICLE IX MISCELLANEOUS	105
	 	 	 
	 	Section 9.01. Notices	105
	 	Section 9.02. Waivers; Amendments	106
	 	Section 9.03. Expenses; Indemnity; Damage Waiver	108
	 	Section 9.04. Successors and Assigns	110
	 	Section 9.05. Survival	113
	 	Section 9.06. Counterparts; Integration; Effectiveness; Electronic Execution	113
	 	Section 9.07. Severability	114
	 	Section 9.08. Right of Setoff	115
	 	Section 9.09. Governing Law; Jurisdiction; Consent to Service of Process	115
	 	Section 9.10. WAIVER OF JURY TRIAL	115
	 	Section 9.11. Headings	116
	 	Section 9.12. Confidentiality	116
	 	Section 9.13. Several Obligations; Nonreliance; Violation of Law	116
	 	Section 9.14. USA PATRIOT Act	117
	 	Section 9.15. Disclosure	117
	 	Section 9.16. Appointment for Perfection	117
	 	Section 9.17. Interest Rate Limitation	117
	 	Section 9.18. Marketing Consent	117
	 	Section 9.19. Acknowledgement and Consent to Bail-In of Affected Financial Institutions	118
	 	Section 9.20. No Fiduciary Duty, etc.	118
	 	Section 9.21. Amendment and Restatement	119
	 	Section 9.22. Acknowledgement Regarding Any Supported QFCs	119

 

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TABLE
OF CONTENTS 

(continued)

Page

 

	ARTICLE X LOAN GUARANTY	120
	 	 	 
	 	Section 10.01. Guaranty	120
	 	Section 10.02. Guaranty of Payment	121
	 	Section 10.03. No Discharge or Diminishment of Loan Guaranty	121
	 	Section 10.04. Defenses Waived	122
	 	Section 10.05. Rights of Subrogation	122
	 	Section 10.06. Reinstatement; Stay of Acceleration	122
	 	Section 10.07. Information	122
	 	Section 10.08. Termination	122
	 	Section 10.09. Taxes	123
	 	Section 10.10. Maximum Liability	123
	 	Section 10.11. Contribution	123
	 	Section 10.12. Liability Cumulative	124
	 	Section 10.13. Keepwell	124

 

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	TABLE OF CONTENTS
	(continued)
	Page
	 
	SCHEDULES:
	 
	Commitment Schedule
	Schedule
    2.06(m)	–  Existing
    Letters of Credit
	Schedule
    3.05	 	–  Real
    Property and Intellectual Property
	Schedule
    3.06	 	–  Litigation
    and Environmental Matters
	Schedule
    3.12	 	–  Material
    Agreements
	Schedule
    3.14	 	–  Insurance
	Schedule
    3.15	 	–  Capitalization
    and Subsidiaries
	Schedule
    3.22	 	–  Affiliate
    Transactions
	Schedule
    5.16	 	–  Post
    Closing Requirements
	Schedule
    6.01	 	–  Existing
    Indebtedness
	Schedule
    6.02	 	–  Existing
    Liens
	Schedule
    6.04	 	–  Existing
    Investments
	Schedule
    6.10	 	–  Existing
    Restrictions

 

	EXHIBITS:	 	 
	 	 	 
	Exhibit 3.16	–	UCC Financing Statements
	Exhibit A	–	Assignment and Assumption
	Exhibit B-1	–	Borrowing Request
	Exhibit C-1	–	U.S. Tax Compliance Certificate (For Foreign Lenders
    That Are Not Partnerships For U.S. Federal Income Tax Purposes)
	Exhibit C-2	–	U.S. Tax Compliance Certificate (For Foreign Participants
    That Are Not Partnerships For U.S. Federal Income Tax Purposes)
	Exhibit C-3	–	U.S. Tax Compliance Certificate (For Foreign Participants
    That Are Partnerships For U.S. Federal Income Tax Purposes)
	Exhibit C-4	–	U.S. Tax Compliance Certificate (For Foreign Lenders
    That Are Partnerships For U.S. Federal Income Tax Purposes)
	Exhibit D	–	Compliance Certificate
	Exhibit E	–	Joinder Agreement

 

     - vi -

     

    

 

 

THIRD
AMENDED AND RESTATED CREDIT AGREEMENT dated as of December 21, 2021 (as it may be amended or modified from time to time, this “Agreement”,
among COMPOSECURE, L.L.C., a Delaware limited liability company, as Borrower, ARCULUS HOLDINGS, L.L.C, a Delaware limited liability company
(“Arculus”, COMPOSECURE HOLDINGS, L.L.C., a Delaware limited liability company (“Holdings”, the other
Loan Parties party hereto, the Lenders party hereto, and JPMORGAN CHASE BANK, N.A., as Administrative Agent.

 

WHEREAS,
the Borrower, the other Loan Parties party thereto, the Lenders party thereto (the “Existing Lenders” and the Administrative
Agent are parties to that certain Credit Agreement dated as of July 26, 2016 (the “Original Effective Date”, as amended
and restated by that certain Amended and Restated Credit Agreement dated as of July 2, 2019 and that certain Second Amended and Restated
Credit Agreement dated as of November 5, 2020 (as further amended, restated, supplemented, or otherwise modified from time to time prior
to the Restatement Date, the “Existing Credit Agreement ”, pursuant to which the Existing Lenders have agreed to make
available to the Borrower certain loans and other financial accommodations;

 

WHEREAS,
in connection with the Existing Credit Agreement, the Borrower and certain of its affiliates executed and delivered the Collateral Documents
(as defined in the Existing Credit Agreement in favor of the Administrative Agent to secure the payment and performance of the Obligations
(as defined in the Existing Credit Agreement;

 

WHEREAS,
the Borrower, the other Loan Parties, the Lenders, and the Administrative Agent wish to amend and restate the Existing Credit Agreement,
subject to the terms and conditions set forth herein; and

 

WHEREAS,
(i the Borrower, the other Loan Parties, the Lenders, and the Administrative Agent intend that (a this Agreement amend and restate the
Existing Credit Agreement without causing a substitution, refinancing or novation of the existing obligations thereunder, and (b the
Borrower’s and the Loan Parties’ obligations under the Existing Credit Agreement shall continue to exist under, and to be
evidenced by, this Agreement and (ii each Loan Party (as defined herein acknowledges and agrees that the security interests and Liens
(as defined in the Existing Credit Agreement granted to the Administrative Agent pursuant to the Existing Credit Agreement and the Collateral
Documents (as defined in the Existing Credit Agreement, shall remain outstanding and in full force and effect, without interruption or
impairment of any kind, in accordance with the Existing Credit Agreement, and shall continue to secure the Obligations (as defined herein;

 

NOW,
THEREFORE, in consideration of the premises and the agreements, provisions and covenants herein contained, the Borrower, the other Loan
Parties, the Lenders, and the Administrative Agent agree that the Existing Credit Agreement shall be amended and restated in its entirety
as follows:

 

ARTICLE
I

Definitions

 

SECTION
1.01. Defined Terms. As used in this Agreement, the following terms have the meanings specified below:

 

“ABR”,
when used in reference to any Loan or Borrowing, refers to whether such Loan, or the Loans comprising such Borrowing, is bearing interest
at a rate determined by reference to the Alternate Base Rate.

 

“Account”
has the meaning assigned to such term in the Security Agreement.

 

    

     

    

 

“Account
Debtor” means any Person obligated on an Account.

 

“Acquisition”
means any transaction, or any series of related transactions, consummated on or after the Restatement Date, by which any Loan Party (a)
acquires any going business or all or substantially all of the assets of any Person, whether through purchase of assets, merger or otherwise
or (b) directly or indirectly acquires (in one transaction or as the most recent transaction in a series of transactions) at least a
majority (in number of votes) of the Equity Interests of a Person which have ordinary voting power for the election of directors or other
similar management personnel of such Person (other than Equity Interests having such power only by reason of the happening of a contingency)
or a majority of the outstanding Equity Interests of a Person.

 

“Adjusted
LIBO Rate” means, with respect to any Eurodollar Borrowing for any Interest Period or for any ABR Borrowing, an interest rate
per annum (rounded upwards, if necessary, to the next 1/16 of 1%) equal to (a) the LIBO Rate for such Interest Period multiplied by (b)
the Statutory Reserve Rate.

 

“Administrative
Agent” means JPMorgan Chase Bank, N.A., in its capacity as administrative agent for the Lenders hereunder.

 

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

 

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

 

“Affiliate”
means, with respect to a specified Person, another Person that directly, or indirectly through one or more intermediaries, Controls or
is Controlled by or is under common Control with the specified Person.

 

“Aggregate
Credit Exposure” means, at any time, the aggregate Credit Exposure of all the Lenders at such time.

 

“Aggregate
Revolving Exposure” means, at any time, the aggregate Revolving Exposure of all the Lenders at such time (with the Swingline
Exposure of each Lender calculated assuming that that all of the Lenders have funded their participations in all Swingline Loans outstanding
at such time).

 

“Alternate
Base Rate” means, for any day, a rate per annum equal to the greatest of (a) the Prime Rate in effect on such day, (b) the
NYFRB Rate in effect on such day plus 1⁄2 of 1% and (c) the Adjusted LIBO Rate for a one month Interest Period on such day (or if
such day is not a Business Day, the immediately preceding Business Day) plus 1%; provided that for the purpose of this definition, the
Adjusted LIBO Rate for any day shall be based on the LIBO Screen Rate (or if the LIBO Screen Rate is not available for such one month
Interest Period, the Interpolated Rate) at approximately 11:00 a.m. London time on such day. Any change in the Alternate Base Rate due
to a change in the Prime Rate, the NYFRB Rate or the Adjusted LIBO Rate shall be effective from and including the effective date of such
change in the Prime Rate, the NYFRB Rate or the Adjusted LIBO Rate, respectively. If the Alternate Base Rate is being used as an alternate
rate of interest pursuant to Section 2.14 (for the avoidance of doubt, only until the Benchmark Replacement has been determined pursuant
to Section 2.14(c)), then the Alternate Base Rate shall be the greater of clauses (a) and (b) above and shall be determined without reference
to clause (c) above. For the avoidance of doubt, if the Alternate Base Rate as determined pursuant to the foregoing would be less than
1.00%, such rate shall be deemed to be 1.00% for purposes of this Agreement.

 

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“Anti-Corruption
Laws” means all laws, rules, orders, directives and regulations of any jurisdiction applicable to Holdings or any of its Affiliates
from time to time concerning or relating to terrorism, trade sanctions programs and embargoes, import/export licensing, money laundering,
corruption or bribery, all as amended, supplemented or replaced from time to time.

 

“Applicable
Percentage ” means, at any time with respect to any Lender, a percentage equal to a fraction the numerator of which is such
Lender’s Revolving Commitment at such time and the denominator of which is the aggregate Revolving Commitments at such time (provided
that, if the Revolving Commitments have terminated or expired, the Applicable Percentages shall be determined based upon such Lender’s
share of the Aggregate Revolving Exposure at such time); provided that, in accordance with Section 2.20, so long as any Lender
shall be a Defaulting Lender, such Defaulting Lender’s Commitment shall be disregarded in the calculations above.

 

“Applicable
Rate” means, for any day, with respect to any Loan, or with respect to the commitment fees payable hereunder, as the case may
be, the applicable rate per annum set forth below under the caption “Revolving Loan ABR Spread”, “Revolving Loan Eurodollar
Spread” “Term Loan ABR Spread”, “Term Loan Eurodollar Spread” or “Commitment Fee Rate”, as
the case may be, based upon the Borrower’s Senior Secured Leverage Ratio as of the most recent determination date, provided
that until the delivery to the Administrative Agent, pursuant to Section 5.01(b), of Holdings’ consolidated financial information
for Holdings’ fiscal quarter ending December 31, 2020 the “Applicable Rate” shall be the applicable rates per annum
set forth below in Category 4:

 

	 	 	 	 	 	Revolving	 	 	 	 	 	 	 	 	 	 
	 	 	Revolving	 	 	Loan	 	 	 	 	 	Term Loan	 	 	 	 
	Senior Secured	 	Loan ABR	 	 	Eurodollar	 	 	Term Loan	 	 	Eurodollar	 	 	Commitment	 
	Leverage Ratio	 	Spread	 	 	Spread	 	 	ABR Spread	 	 	Spread	 	 	Fee Rate	 
	Category 1:	 	 	1.00	%	 	 	2.00	%	 	 	1.00	%	 	 	2.00	%	 	 	0.25	%
	< 1.0 to 1.0	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Category 2:	 	 	1.50	%	 	 	2.50	%	 	 	1.50	%	 	 	2.50	%	 	 	0.30	%
	≥1.0 to 1.0 and < 1.50 to 1.0	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Category 3:	 	 	1.75	%	 	 	2.75	%	 	 	1.75	%	 	 	2.75	%	 	 	0.35	%
	≥1.5 to 1.0 and < 2.0 to 1.0	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Category 4:	 	 	2.00	%	 	 	3.00	%	 	 	2.00	%	 	 	3.00	%	 	 	0.40	%
	≥2.0 to 1.0	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

 

For
purposes of the foregoing, (a) the Applicable Rate shall be determined as of the end of each fiscal quarter of Holdings, based upon Holdings’
annual or quarterly consolidated financial statements delivered pursuant to Section 5.01 and (b) each change in the Applicable Rate resulting
from a change in the Senior Secured Leverage Ratio shall be effective during the period commencing on and including the date of delivery
to the Administrative Agent of such consolidated financial statements indicating such change and ending on the date immediately preceding
the effective date of the next such change, provided that at the option of the Administrative Agent or at the request of the Required
Lenders, if the Borrower fails to deliver the annual or quarterly consolidated financial statements required to be delivered by it pursuant
to Section 5.01, the Senior Secured Leverage Ratio shall be deemed to be in Category 4 during the period from the expiration of the time
for delivery thereof until such consolidated financial statements are delivered.

 

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If
at any time the Administrative Agent determines that the financial statements upon which the Applicable Rate was determined were incorrect
(whether based on a restatement, fraud or otherwise), the Borrower shall be required to retroactively pay any additional amount that
the Borrower would have been required to pay if such financial statements had been accurate at the time they were delivered.

 

“Approved
Fund” has the meaning assigned to the term in Section 9.04(b).

 

“Arculus”
has the meaning set forth in the recitals.

 

“
Arculus LLC Agreement” means that certain Limited Liability Company Agreement, dated as of April 27, 2021, by its sole member,
Borrower.

 

“Assignment
and Assumption” means an assignment and assumption agreement entered into by a Lender and an assignee (with the consent of
any party whose consent is required by Section 9.04), and accepted by the Administrative Agent, in the form of Exhibit A or any
other form approved by the Administrative Agent.

 

“
Availability” means, at any time, an amount equal to (a) the aggregate Revolving Commitments minus (b) the
Aggregate Revolving Exposure (calculated, with respect to any Defaulting Lender, as if such Defaulting Lender had funded its Applicable
Percentage of all outstanding Borrowings).

 

“Availability
Period” means the period from and including the Restatement Date to but excluding the earlier of the Revolving Credit Maturity
Date and the date of termination of the Revolving Commitments.

 

“Available
Tenor” means, as of any date of determination and with respect to the then-current Benchmark, as applicable, any tenor for
such Benchmark or payment period for interest calculated with reference to such Benchmark, as applicable, that is or may be used for
determining the length of an Interest Period pursuant to this Agreement as of such date and not including, for the avoidance of doubt,
any tenor for such Benchmark that is then-removed from the definition of “Interest Period” pursuant to clause (g) of Section
2.14.

 

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

 

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

 

“Banking
Services” means each and any of the following bank services provided to any Loan Party or any Subsidiary by any Lender or
any of its Affiliates: (a) credit cards for commercial customers (including, without limitation, “commercial credit
cards” and purchasing cards), (b) stored value cards, (c) merchant processing services, and (d) treasury management
services (including, without limitation, controlled disbursement, automated clearinghouse transactions, return items, any direct
debit scheme or arrangement, overdrafts and interstate depository network services).

  

    - 4 -

     

    

 

“Banking
Services Agreement” means any agreement entered into by any Loan Party or any Subsidiary in connection with Banking Services.

 

“Banking
Services Obligations” means any and all obligations of the Loan Parties or its Subsidiaries, whether absolute or contingent
and howsoever and whensoever created, arising, evidenced or acquired (including all renewals, extensions and modifications thereof and
substitutions therefor) in connection with Banking Services (provided that each Lender or Affiliate thereof providing Banking Services
for any Loan Party or any Subsidiary shall deliver to the Administrative Agent, promptly after entering into any Banking Services Agreement
and at such other times as the Administrative Agent may reasonably request, written notice setting forth the aggregate amount of all
Banking Services Obligations of such Loan Party or Subsidiary to such Lender or Affiliate (whether matured or unmatured, absolute or
contingent)).

 

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

 

“Benchmark”
means, initially, LIBO Rate; provided that if a Benchmark Transition Event, a Term SOFR Transition Event or an Early Opt-in Election,
as applicable, and its related Benchmark Replacement Date have occurred with respect to LIBO Rate or the then-current Benchmark, then
 “Benchmark” means the applicable Benchmark Replacement to the extent that such Benchmark Replacement has replaced such prior
benchmark rate pursuant to clause (c) or clause (d) of Section 2.14.

 

“Benchmark
Replacement” means, for any Available Tenor, the first alternative set forth in the order below that can be determined by the
Administrative Agent for the applicable Benchmark Replacement Date:

 

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

 

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

 

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

 

    - 5 -

     

    

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

  

    - 6 -

     

    

 

 

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

 

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

 

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

 

(3)               
in the case of a Term SOFR Transition Event, the date that is thirty (30) days after the date a Term SOFR Notice is provided to the Lenders
and the Borrower pursuant to Section 2.14(d); or

  

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

 

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

 

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

 

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

 

    - 7 -

     

    

 

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

 

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

 

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

 

“Benchmark
Unavailability Period” means the period (if any) (x) beginning at the time that a Benchmark Replacement Date pursuant to clauses
(1) or (2) of that definition has occurred if, at such time, no Benchmark Replacement has replaced the then-current Benchmark for all
purposes hereunder and under any Loan Document in accordance with Section 2.14 and (y) ending at the time that a Benchmark Replacement
has replaced the then-current Benchmark for all purposes hereunder and under any Loan Document in accordance with Section 2.14.

 

“Beneficial
Owner” means, with respect to any U.S. federal withholding Tax, the beneficial owner, for U.S. federal income tax purposes,
to whom such Tax relates.

 

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

 

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

 

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

 

“Board”
means the Board of Governors of the Federal Reserve System of the U.S.

 

“Borrower”
means CompoSecure, L.L.C., a Delaware limited liability company.

 

“Borrower
LLC Agreement” means the Third Amended and Restated Limited Liability Company Agreement of the Borrower, dated as of June 11,
2020, by and among the Borrower, and Holdings.

 

“Borrowing”
means (a) Revolving Loans of the same Type, made, converted or continued on the same date and, in the case of Eurodollar Loans, as to
which a single Interest Period is in effect, (b) Term Loans of the same Type made, converted or continued on the same date and, in the
case of Eurodollar Loans, as to which a single Interest Period is in effect, and (c) a Swingline Loan.

 

    - 8 -

     

    

 

“Borrowing
Request” means a request by the Borrower for a Borrowing in accordance with Section 2.03.

 

“
Burdensome Restrictions” means any consensual encumbrance or restriction of the type described in clause (a) or (b) of Section
6.10.

 

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

 

“Capital
Distribution” means, with respect to any Person, a payment made, liability incurred or other consideration given for the purchase,
acquisition, repurchase, redemption or retirement of any Equity Interest of such Person or as a dividend, return of capital or other
distribution in respect of any of such Person's Equity Interests.

 

“Capital
Expenditures” means, without duplication, any expenditure or commitment to expend money for any purchase or other acquisition
of any asset which would be classified as a fixed or capital asset on a consolidated balance sheet of Holdings and its Subsidiaries prepared
in accordance with GAAP, but excluding (i) expenditures made in connection with any replacement, substitution or restoration of property
as a result of any involuntary loss of title, any involuntary loss of, damage to or any destruction of, or any condemnation or other
taking (including by any Governmental Authority) of, any property Holdings or any of its Subsidiaries to the extent of any insurance
proceeds or condemnation awards with respect thereto received by Holdings or its Subsidiaries, (ii) expenditures constituting consideration
for any Permitted Acquisitions and (iii) the portion of the purchase price of Equipment that is purchased with credit from the trade
in of existing Equipment.

 

“Capital
Lease Obligations” of any Person means the obligations of such Person to pay rent or other amounts under any Capitalized Lease,
and the amount of such obligations shall be the capitalized amount thereof determined in accordance with GAAP.

 

“Capitalized
Lease” means any lease of (or other arrangement conveying the right to use) real or personal property, or a combination thereof,
which obligations are required to be classified and accounted for as capital leases on a balance sheet of such Person under GAAP.

 

“Cash
Collateralized” means, with respect to any Letter of Credit, as of any date, that the Borrower shall have deposited with the
Administrative Agent for the benefit of the Revolving Lenders, an amount in cash equal to 105% of the LC Exposure as at such date plus
accrued and unpaid interest thereon.

 

“CFC
Subsidiary” of any Loan Party means any Subsidiary that is a “controlled foreign corporation” within the meaning
of Section 957(a) of the Internal Revenue Code.

 

“Change
in Control” means, (i) at any time prior to the Merger Effective Date, (a) Sponsor shall cease to own, free and clear of
all Liens or other encumbrances, 50.1% of the outstanding voting Equity Interests of Holdings on a fully diluted basis; (b)
occupation at any time of a majority of the seats (other than vacant seats) on the board of managers of Holdings by Persons who were
neither (i) directors of Holdings prior to the Merger Effective Date or (ii) nominated or appointed by the Sponsor or by the board
of managers of Holdings; (c) the acquisition of ownership, directly or indirectly, beneficially or of record, by any Person or group
(within the meaning of the Securities Exchange Act of 1934 and the rules of the SEC thereunder as in effect on the date hereof)
other than Permitted Holders of Equity Interests representing more than 25% of the aggregate ordinary voting power represented by
the issued and outstanding Equity Interests of Holdings on a fully-diluted basis or (d) Holdings shall cease to own, free and
clear of all Liens (other than Liens in favor of the Administrative Agent) or other encumbrances, 100% of the outstanding voting
Equity Interests of the Borrower on a fully diluted basis, and (ii) at any time following the Merger Effective Date, (u) PubCo shall
cease to own, free and clear of all Liens or other encumbrances, Equity Interests of Holdings representing more than 66.66% of the
aggregate ordinary voting power represented by the issued and outstanding Equity Interests of Holdings on a fully-diluted basis; (v)
the Permitted Holders shall cease to own 95% of the outstanding Equity Interests of Holdings on a fully diluted basis, (w)
occupation at any time of a majority of the seats (other than vacant seats) on the board of managers of Holdings by Persons who were
neither (i) directors of Holdings on the Restatement Date or (ii) nominated or appointed by PubCo or by the board of managers of
Holdings; (x) the acquisition of ownership, directly or indirectly, beneficially or of record, by any Person or group (within the
meaning of the Securities Exchange Act of 1934 and the rules of the SEC thereunder as in effect on the date hereof) other than PubCo
of Equity Interests representing more than 25% of the aggregate ordinary voting power represented by the issued and outstanding
Equity Interests of Holdings on a fully-diluted basis (y) the acquisition of ownership, directly or indirectly, beneficially or of
record, by any Person or group (within the meaning of the Securities Exchange Act of 1934 and the rules of the SEC thereunder as in
effect on the date hereof) other than the Permitted Holders (other than PubCo) of Equity Interests representing more than 35% of the
aggregate ordinary voting power represented by the issued and outstanding Equity Interests of PubCo on a fully-diluted basis or (z)
Holdings shall cease to own, free and clear of all Liens (other than Liens in favor of the Administrative Agent) or other
encumbrances, 100% of the outstanding voting Equity Interests of the Borrower on a fully diluted basis.

 

    - 9 -

     

    

 

“Change
in Law” means the occurrence after the date of this Agreement (or, with respect to any Lender, such later date on which
such Lender becomes a party to this Agreement) of any of the following: (a) the adoption of or taking effect of any law, rule,
regulation or treaty, (b) any change in any law, rule, regulation or treaty or in the administration, interpretation or application
thereof by any Governmental Authority or (c) compliance by any Lender or the Issuing Bank (or, for purposes of Section 2.15(b), by
any lending office of such Lender or by such Lender’s or the Issuing Bank’s holding company, if any) with any request,
guideline, requirement or directive (whether or not having the force of law) of any Governmental Authority made or issued after the
date of this Agreement; provided that, notwithstanding anything herein to the contrary, (x) the Dodd-Frank Wall Street Reform and
Consumer Protection Act and all requests, rules, guidelines, requirements or directives thereunder or issued in connection therewith
or in the implementation thereof, and (y) all requests, rules, guidelines, requirements or directives promulgated by the Bank for
International Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or the U.S. or foreign
regulatory authorities, in each case pursuant to Basel III, shall in each case be deemed to be a “Change in Law”,
regardless of the date enacted, adopted, issued or implemented.

 

“Charges”
has the meaning assigned to such term in Section 9.17.

 

“
Chase” means JPMorgan Chase Bank, N.A., a national banking association, in its individual capacity, and its successors.

 

“Class”,
when used in reference to (a) any Loan or Borrowing, refers to whether such Loan, or the Loans comprising such Borrowing, are Revolving
Loans, a Term Loan, or Swingline Loans, (b) any Commitment, refers to whether such Commitment is a Revolving Commitment or a Term Commitment,
and (c) any Lender, refers to whether such Lender has a Loan or Commitment of a particular Class.

 

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

 

“Collateral”
means any and all property of any Loan Party, now existing or hereafter acquired, that may at any time be, become or intended to be,
subject to a security interest or Lien in favor of the Administrative Agent, on behalf of itself and the Lenders and other Secured Parties,
pursuant to the Collateral Documents to secure the Secured Obligations.

 

“Collateral
Documents” means, collectively, the Security Agreement, the Mortgages, if any, the Pledge Agreement, the PubCo Pledge Agreement,
if any, the Reaffirmation Agreement and any other agreements, instruments and documents executed in connection with this Agreement that
are intended to create, perfect or evidence Liens to secure the Secured Obligations, including, without limitation, all other security
agreements, pledge agreements, mortgages, deeds of trust, loan agreements, notes, guarantees, subordination agreements, pledges, powers
of attorney, consents, assignments, contracts, fee letters, notices, leases, financing statements and all other written matter whether
theretofore, now or hereafter executed by any Loan Party and delivered to the Administrative Agent.

 

“Commitment”
means, with respect to each Lender, the sum of such Lender’s Revolving Commitment and Term Commitments. The initial amount of each
Lender’s Commitment is set forth on the Commitment Schedule, or in the Assignment and Assumption pursuant to which such
Lender shall have assumed its Commitment, as applicable.

 

    - 10 -

     

    

 

“Commitment
Schedule” means the Schedule attached hereto identified as such.

 

“
Commodity Exchange Act” means the Commodity Exchange Act (7 U.S.C. § 1 et seq.), as amended from time to time, and
any successor statute.

 

“Communications”
has the meaning assigned to such term in Section 9.01(d).

 

“
Competitor” means a Person whose primary business is the physical manufacturing of credit cards or access cards.

 

“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.

 

“Control”
means the possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of a Person,
whether through the ability to exercise voting power, by contract or otherwise. “Controlling” and “Controlled”
have meanings correlative thereto.

 

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

 

“Covered
Entity” means any of the following:

 

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

 

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

  

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

  

    - 11 -

     

    

 

“Covered
Party” has the meaning assigned to it in Section 9.22.

 

“Credit
Exposure” means, as to any Lender at any time, the sum of (a) such Lender’s Revolving Exposure at such time plus
(b) an amount equal to the aggregate principal amount of its Term Loans outstanding at such time.

 

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

 

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

 

“Debt
Service Coverage Ratio” means, for any period, the ratio of (a) EBITDA for such period minus the aggregate amount of
all Capital Expenditures made by Holdings and its Subsidiaries during the such period minus expense for taxes paid in cash minus
all Restricted Payments (including, without limitation, management fees but excluding the Merger Effective Date Dividend and any
dividend or bonus paid during such period that was permitted under Section 6.08(a)(vii)-(ix) of the Existing Credit Agreement ) paid
in cash in such period to (b) the sum of (i) cash Interest Expense for such period, plus (ii) scheduled principal payments on all Indebtedness
actually made (including, without limitation, Capital Lease Obligations) in such period all calculated for Holdings and its Subsidiaries
on a consolidated basis in accordance with GAAP.

 

“Default”
means any event or condition which constitutes an Event of Default or which upon notice, lapse of time or both would, unless cured or
waived, become an Event of Default.

 

“Defaulting
Lender” means any Lender that (a) has failed, within two Business Days of the date required to be funded or paid, to (i) fund
any portion of its Loans, (ii) fund any portion of its participations in Letters of Credit or Swingline Loans or (iii) pay over to any
Credit Party any other amount required to be paid by it hereunder, unless, in the case of clause (i) above, such Lender notifies the
Administrative Agent in writing that such failure is the result of such Lender’s good faith determination that a condition precedent
to funding (specifically identified and including the particular default, if any) has not been satisfied, (b) has notified the Borrower
or any Credit Party in writing, or has made a public statement to the effect, that it does not intend or expect to comply with any of
its funding obligations under this Agreement (unless such writing or public statement indicates that such position is based on such Lender’s
good faith determination that a condition precedent (specifically identified and including the particular default, if any) to funding
a Loan under this Agreement cannot be satisfied) or generally under other agreements in which it commits to extend credit, (c) has failed,
within three Business Days after request by the Administrative Agent, acting in good faith, to provide a certification in writing from
an authorized officer of such Lender that it will comply with its obligations (and is financially able to meet such obligations) to fund
prospective Loans and participations in then outstanding Letters of Credit and Swingline Loans under this Agreement, provided that such
Lender shall cease to be a Defaulting Lender pursuant to this clause (c) upon the Administrative Agent’s receipt of such certification
in form and substance satisfactory to it, or (d) has become the subject of (i) a Bankruptcy Event or (ii) a Bail-In Action.

 

“Default
Right” has the meaning assigned to that term in, and shall be interpreted in accordance with, 12 C.F.R. §§ 252.81,
47.2 or 382.1, as applicable.

 

    - 12 -

     

    

 

“Depreciation
and Amortization Expense” means, for any period, all depreciation and amortization expense of Holdings and its Subsidiaries,
all as determined on a consolidated basis in accordance with GAAP.

 

“
Disclosed Matters” means the actions, suits, proceedings and environmental matters disclosed in Schedule 3.06.

 

“Document”
has the meaning assigned to such term in the Security Agreement.

 

“Dollars”,
 “dollars” or “$” refers to lawful money of the U.S.

 

“Early
Opt-in Election” means, if the then-current Benchmark is LIBO Rate, the occurrence of:

 

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

 

(2)               
the joint election by the Administrative Agent and the Borrower to trigger a fallback from LIBO Rate and the provision by the Administrative
Agent of written notice of such election to the Lenders.

 

“EBITDA”
means, for any period, Net Income for such period, plus, without duplication, (i) the sum of the amounts for such period included in
determining such Net Income of (A) Interest Expense, (B) Income Tax Expense, (C) Depreciation and Amortization Expense, (D) losses
and expenses that are properly classified under GAAP as extraordinary, (E) actual fees, expenses and costs incurred on or prior to
or within 30 days after the Restatement Date relating to the Transactions in an amount not to exceed $3,500,000 in the aggregate,
(F) any non-cash compensation expense and other non-cash non-recurring expenses, (G) fees paid to independent directors in
accordance with Section 6.09(g) and any bonus paid pursuant to Section 6.08(a)(vii)-(ix) of the Existing Credit Agreement, (H)
[reserved], and (I) actual fees, expenses and costs incurred in connection with any Permitted Acquisition in an amount not to exceed
5% of the aggregate purchase consideration payable in connection with such Permitted Acquisition, less (ii) (A) gains on sales of
assets and gains that are properly classified under GAAP as extraordinary, all as determined for Holdings and its Subsidiaries on a
consolidated basis in accordance with GAAP and (B) any cash payments made during such period in respect of non-cash charges
described in clause (F) taken in a prior period.

 

“ECP”
means an “eligible contract participant” as defined in Section 1(a)(18) of the Commodity Exchange Act or any regulations
promulgated thereunder and the applicable rules issued by the Commodity Futures Trading Commission and/or the SEC.

 

“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.

 

    - 13 -

     

    

 

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

 

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

 

“Electronic
Signature” means an electronic sound, symbol, or process attached to, or associated with, a contract or other record and adopted
by a Person with the intent to sign, authenticate or accept such contract or record.

 

“Electronic
System” means any electronic system, including e-mail, e-fax, Intralinks®, ClearPar®, Debt Domain, Syndtrak and any
other Internet or extranet-based site, whether such electronic system is owned, operated or hosted by the Administrative Agent and the
Issuing Bank and any of its respective Related Parties or any other Person, providing for access to data protected by passcodes or other
security system.

 

“Environmental
Laws” means all laws, rules, regulations, codes, ordinances, binding orders, decrees, judgments, injunctions, written notices
or binding agreements issued, promulgated or entered into by any Governmental Authority, relating to pollution or protection of the environment,
preservation or reclamation of natural resources, the management, Release or threatened Release of any Hazardous Material or to health
and safety matters.

 

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

 

“Equipment”
has the meaning assigned to such term in the Security Agreement.

 

“Equity
Interests” means shares of capital stock, partnership interests, membership interests in a limited liability company, beneficial
interests in a trust or other equity ownership interests in a Person, and any warrants, options or other rights entitling the holder
thereof to purchase or acquire any of the foregoing.

 

“ERISA”
means the Employee Retirement Income Security Act of 1974, as amended from time to time.

 

“
ERISA Affiliate” means any trade or business (whether or not incorporated) that, together with Holdings and/or the Borrower,
is treated as a single employer under Section 414(b) or (c) of the Code or, solely for purposes of Section 302 of ERISA and Section 412
of the Code, is treated as a single employer under Section 414 of the Code.

 

    - 14 -

     

    

 

“ERISA
Event” means (a) any “reportable event”, as defined in Section 4043 of ERISA or the regulations issued
thereunder, with respect to a Plan (other than an event for which the 30 day notice period is waived); (b) the failure to satisfy
the “minimum funding standard” (as defined in Section 412 of the Code or Section 302 of ERISA), whether or not waived;
(c) the filing pursuant to Section 412(c) of the Code or Section 302(c) of ERISA of an application for a waiver of the minimum
funding standard with respect to any Plan; (d) the incurrence by Holdings or any ERISA Affiliate of any liability under Title IV of
ERISA with respect to the termination of any Plan; (e) the receipt by Holdings or any ERISA Affiliate from the PBGC or a plan
administrator of any written notice relating to an intention to terminate any Plan or Plans or to appoint a trustee to administer
any Plan; (f) the incurrence by the Borrower or any ERISA Affiliate of any liability with respect to the withdrawal or partial
withdrawal of Holdings or any ERISA Affiliate from any Plan or Multiemployer Plan; or (g) the receipt by Holdings or any ERISA
Affiliate of any written notice, or the receipt by any Multiemployer Plan from Holdings or any ERISA Affiliate of any written
notice, concerning the imposition upon Holdings or any ERISA Affiliate of Withdrawal Liability or a determination that a
Multiemployer Plan is, or is expected to be, insolvent or in reorganization, within the meaning of Title IV of ERISA.

 

“Erroneous
Payment” has the meaning assigned to it in Section 8.11(a).

 

“Erroneous
Payment Deficiency Assignment” has the meaning assigned to it in Section 8.11(d).

 

“Erroneous
Payment Impacted Class” has the meaning assigned to it in Section 8.11(d).

 

“Erroneous
Payment Return Deficiency” has the meaning assigned to it in Section 8.11(d).

 

“Erroneous
Payment Subrogation Rights” has the meaning assigned to it in Section 8.11(d).

 

“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.

 

“Eurodollar”,
when used in reference to any Loan or Borrowing, refers to whether such Loan, or the Loans comprising such Borrowing, bear interest at
a rate determined by reference to the Adjusted LIBO Rate.

 

“Event
of Default” has the meaning assigned to such term in Article VII.

 

“Excess
Cash Flow” means, for any period, the amount equal to (i) the sum of (A) EBITDA for such period and (B) the decrease, if
any, in Working Capital, minus (ii) the sum for such period, without duplication, of (A) Interest Expense actually paid in cash, (B)
Income Tax Expense actually paid in cash, net of cash refunds received, (C) Unfinanced Capital Expenditures, (D) the increase, if
any, in Working Capital, (E) scheduled repayments of the principal of Indebtedness for borrowed money (and, in the case of any
revolving credit facility, so long as there is a permanent reduction in the commitment thereunder), (F) without duplication of any
amount included under the preceding clause (E), scheduled payments representing the principal portion of Capitalized Leases and
synthetic leases, (G) Permitted Tax Distributions, (H) cash paid for Permitted Acquisitions, to the extent such Permitted
Acquisitions were not financed, (I) cash paid for items added back to Net Income under clauses (D), (E) or (H) in the calculation of
EBITDA and (J) any non-cash items added back to Net Income in the calculation of EBITDA.

 

    - 15 -

     

    

 

“Excess
Cash Flow Percentage” has the meaning provided in Section 2.11(d).

 

“Excess
Cash Flow Prepayment Amount” has the meaning provided in Section 2.11(d).

 

“Excluded
Subsidiary” means any Subsidiary that is (a) a CFC Subsidiary, (b) an Immaterial Subsidiary that is designated in writing as
such by the Borrower, as disclosed to the Administrative Agent and Lenders prior to or concurrently with such determination, (c) prohibited
by applicable law from guaranteeing the Loans, or which would require governmental (including regulatory) or third party consent, approval,
license or authorization to provide a guarantee unless, such consent, approval, license or authorization has been received (and excluding
any restriction in any organizational document of such Subsidiary) or the requirement for such third party consent was established in
order to avoid becoming a Guarantor, (d) any captive insurance Subsidiaries, any special purpose entities, any broker-dealer subsidiaries,
any bank or trust company subsidiaries, or (e) any Subsidiary to the extent the cost of providing such guarantee is excessive in relation
to the value afforded thereby as reasonably agreed by the Borrower and the Administrative Agent; provided that, it being understood and
agreed that, notwithstanding the above, if a Subsidiary executes the Guarantee as a “Guarantor” then it shall not constitute
an “Excluded Subsidiary” (unless released from its obligations under such Guarantee as “Guarantor” in accordance
with the terms hereof and thereof); provided, further, that no Subsidiary of the Borrower shall be an Excluded Subsidiary if such Subsidiary
guarantees or is a primary obligor of obligations in respect of any Indebtedness of a Loan Party and/or any permitted refinancing of
any of the foregoing (and successive permitted refinancings thereof).

 

    - 16 -

     

    

 

 

“Excluded
Swap Obligation” means, with respect to any Guarantor, any Swap Obligation if, and to the extent that, all or a portion of
the Guarantee of such Guarantor of, or the grant by such Guarantor of a security interest to secure, such Swap Obligation (or any Guarantee
thereof) is or becomes illegal under the Commodity Exchange Act or any rule, regulation or order of the Commodity Futures Trading Commission
(or the application or official interpretation of any thereof) by virtue of such Guarantor’s failure for any reason to constitute
an ECP at the time the Guarantee of such Guarantor or the grant of such security interest becomes or would become effective with respect
to such Swap Obligation. If a Swap Obligation arises under a master agreement governing more than one swap, such exclusion shall apply
only to the portion of such Swap Obligation that is attributable to swaps for which such Guarantee or security interest is or becomes
illegal.

 

“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, (i) imposed as a result of such Recipient being organized under the laws of, or having its principal office or, in the
case of any Lender, its applicable lending office located in, the jurisdiction imposing such Tax (or any political subdivision thereof)
or (ii) that are Other Connection Taxes, (b) 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, Letter of Credit or Commitment pursuant to a law in
effect on the date on which (i) such Lender acquires such interest in the Loan, Letter of Credit or Commitment (other than pursuant to
an assignment request by the Borrower under Section 2.19(b)) or (ii) such Lender changes its lending office, except in each case to the
extent that, pursuant to Section 2.17, amounts with respect to such Taxes were payable either to such Lender’s assignor immediately
before such Lender acquired the applicable interest in a Loan, Letter of Credit or Commitment or to such Lender immediately before it
changed its lending office, (c) Taxes attributable to such Recipient’s failure to comply with Section 2.17(f) and (d) any U.S.
federal withholding Taxes imposed under FATCA.

 

“
Existing Credit Agreement” shall have the meaning set forth in the recitals hereto.“Existing Lenders”
shall have the meaning set forth in the recitals hereto.

 

“Existing
Equity Holders” means each of LLR Equity Partners IV, L.P., LLR Equity Partners Parallel IV, L.P., Michele D. Logan, Michele
D. Logan 2017 Charitable Remainder Unitrust, dated December 28, 2017, Ephesians 3:16 Holdings LLC, Carol D. Herslow Credit Shelter Trust
B, Luis DaSilva, Kevin Kleinschmidt 2016 Trust dated January 22, 2016, Richard Vague, B. Graeme Frazier IV, Joseph Morris and CompoSecure
Employee, LLC (and/or together with any trust, estate or other similar entity controlled by such person who, as of June 11, 2020, owns
Equity Interests in Holdings).

 

    - 17 -

     

    

 

“
Existing Term Loans” means the Term Loans made by the Existing Lenders on the Original Effective Date, the First Restatement
Date and the Second Restatement Date, with an outstanding aggregate principal amount of $228,000,000 as of the Restatement Date.

 

“
FATCA” means Sections 1471 through 1474 of the Code as of the Original Effective Date (or any amended or successor version
that is substantively comparable and not materially more onerous to comply with), any current or future regulations or official interpretations
thereof and any agreement entered into pursuant to Section 1471(b)(1) of the Code.

 

“FCA”
has the meaning assigned to such term in Section 1.08.

 

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

 

“Financial
Officer” means the chief financial officer, principal accounting officer, treasurer or controller of Holdings.

 

“Financial
Statements” has the meaning assigned to such term in Section 5.01.

 

“First
Restatement Date” means July 2, 2019.

 

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

 

“
Foreign Lender” means (a) if the Borrower is a U.S. Person, a Lender that is not a U.S. Person, and (b) if the Borrower
is not a U.S. Person, a Lender that is resident or organized under the laws of a jurisdiction other than that in which the Borrower is
resident for tax purposes.

 

“Funding
Account” has the meaning assigned to such term in Section 4.01(i).

 

“GAAP”
means generally accepted accounting principles in the U.S.

 

“Governmental
Authority” means the government of the U.S., any other nation or any political subdivision thereof, whether state or local,
and any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial,
taxing, regulatory or administrative powers or functions of or pertaining to government.

 

“Guarantee”
of or by any Person (the “guarantor”) means any obligation, contingent or otherwise, of the guarantor
guaranteeing or having the economic effect of guaranteeing any Indebtedness or other obligation of any other Person (the
 “primary obligor”) in any manner, whether directly or indirectly, and including any obligation of the guarantor,
direct or indirect, (a) to purchase or pay (or advance or supply funds for the purchase or payment of) such Indebtedness or other
obligation or to purchase (or to advance or supply funds for the purchase of) any security for the payment thereof, (b) to purchase
or lease property, securities or services for the purpose of assuring the owner of such Indebtedness or other obligation of the
payment thereof, (c) to maintain Working Capital, equity capital or any other financial statement condition or liquidity of the
primary obligor so as to enable the primary obligor to pay such Indebtedness or other obligation or (d) as an account party in
respect of any letter of credit or letter of guaranty issued to support such Indebtedness or obligation; provided that
the term Guarantee shall not include endorsements for collection or deposit in the ordinary course of business. The amount of any
Guarantee shall be deemed to be an amount equal to the lesser of (a) the stated or determinable amount of the primary payment
obligation in respect of which such Guarantee is made and (b) the maximum amount for which the guaranteeing Person may be liable
pursuant to the terms of the instrument embodying such Guarantee, unless such primary payment obligation and the maximum amount for
which such guaranteeing Person may be liable are not stated or determinable, in which case the amount of the Guarantee shall be such
guaranteeing Person’s maximum reasonably possible liability in respect thereof as reasonably determined by the Borrower in
good faith.

 

    - 18 -

     

    

 

“Guaranteed
Obligations” has the meaning assigned to such term in Section 10.01.

 

“Guarantors”
means all Loan Guarantors and all non- Loan Parties who have delivered an Obligation Guaranty, and the term “Guarantor” means
each or any one of them individually.

 

“Hazardous
Materials” means: (a) any substance, material, or waste that is included within the definitions of “hazardous substances,”
 “hazardous materials,” “hazardous waste,” “toxic substances,” “toxic materials,” “toxic
waste,” or words of similar import in any Environmental Law; (b) those substances listed as hazardous substances by the United
States Department of Transportation (or any successor agency) (49 C.F.R. 172.101 and amendments thereto) or by the Environmental Protection
Agency (or any successor agency) (40 C.F.R. Part 302 and amendments thereto); and (c) any substance, material, or waste that is petroleum,
petroleum-related, or a petroleum by-product, asbestos or asbestos-containing material, polychlorinated biphenyls, flammable, explosive,
radioactive, freon gas, radon, or a pesticide, herbicide, or any other agricultural chemical.

 

“Hedge
Agreement” means any interest rate protection agreement, foreign currency exchange agreement, commodity price protection agreement
or other interest rate, currency exchange rate or commodity price hedge, future, forward, swap, option, cap, floor, collar or similar
agreement or arrangement (including both physical and financial settlement transactions).

 

“Holdings”
shall have the meaning set forth in the recitals.

 

“Holdings
LLC Agreement” means the Second Amended and Restated Limited Liability Company Agreement of Holdings, dated on or around December
27, 2021, by and among Holdings and the members party thereto.

 

“
Income Tax Expense” means, for any period, all provisions for taxes based on the net income of Holdings or any of its Subsidiaries
(including, without limitation, any additions to such taxes, and any penalties and interest with respect thereto and any expensed taxes),
all as determined for Holdings and its Subsidiaries on a consolidated basis in accordance with GAAP.

 

“Impacted
Interest Period” has the meaning assigned to such term in the definition of “LIBO Rate”.

 

“Immaterial
Subsidiary” means any Subsidiary of the Borrower that, as of any date of determination, does not have either (a) EBITDA
for the for the period of four consecutive fiscal quarters ending on or most recently prior to such date (when combined with the
EBITDA of all Immaterial Subsidiaries, after eliminating intercompany obligations) in excess of 10.00% of EBITDA for the period of
four consecutive fiscal quarters ending on or most recently prior to such date or (b) total assets (when combined with the total
assets of all Immaterial Subsidiaries) in excess of 10.00% of the total assets of the Loan Parties and their Subsidiaries as of such
date of determination; provided that, as of any date of determination, no Immaterial Subsidiary shall have (x) EBITDA for the
period of four consecutive fiscal quarters ending on or most recently prior to such date in excess of 5.00% of EBITDA for
such for the period of four consecutive fiscal quarters ending on or most recently prior to such date or (y) total assets in excess
of 5.00% of the total assets of the Loan Parties and their Subsidiaries as of such date of determination.

 

    - 19 -

     

    

 

“Indebtedness” of any Person means, without duplication, (a) all obligations of such Person for borrowed money, (b) all obligations of such
Person evidenced by bonds, debentures, notes or similar instruments, (c) all obligations of such Person upon which interest charges are
customarily paid, (d) all obligations of such Person under conditional sale or other title retention agreements relating to property
acquired by such Person, (e) all obligations of such Person in respect of the deferred purchase price of property or services (excluding
current accounts payable incurred in the ordinary course of business), (f) all Indebtedness of others secured by (or for which the holder
of such Indebtedness has an existing right, contingent or otherwise, to be secured by) any Lien on property owned or acquired by such
Person, whether or not the Indebtedness secured thereby has been assumed, (g) all Guarantees by such Person of Indebtedness of others,
(h) all Capital Lease Obligations of such Person, (i) all obligations, contingent or otherwise, of such Person as an account party in
respect of letters of credit and letters of guaranty, (j) all obligations, contingent or otherwise, of such Person in respect of bankers’
acceptances, (k) obligations under any liquidated earn-out, (l) any other Off-Balance Sheet Liability and (m) obligations, whether absolute
or contingent and howsoever and whensoever created, arising, evidenced or acquired (including all renewals, extensions and modifications
thereof and substitutions therefor), under (i) any and all Swap Agreements, and (ii) any and all cancellations, buy backs, reversals,
terminations or assignments of any Swap Agreement transaction. The Indebtedness of any Person shall include the Indebtedness of any other
entity (including any partnership in which such Person is a general partner) to the extent such Person is liable therefor by operation
of law as a result of such Person’s ownership interest in such entity, except to the extent the terms of such Indebtedness provide
that such Person is not liable therefor. Indebtedness shall not include (i) deferred or prepaid revenue, (ii) purchase price holdbacks
in respect of a portion of the purchase price of an asset to satisfy warranty or other unperformed obligations of the respective seller,
or (iii) any other earn-out, purchase price adjustments or contingent payments with respect to any acquisitions existing as of the date
of this Agreement or arising from any Permitted Acquisitions from and after the date of this Agreement until any such earn-out, purchase
price adjustment or contingent payment becomes a liability on the balance sheet in accordance with GAAP.

 

“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 the foregoing clause (a), Other Taxes.

 

“Indemnitee”
has the meaning assigned to such term in Section 9.03(b).

 

“Ineligible
Institution” has the meaning assigned to such term in Section 9.04(b).

 

“Information”
has the meaning assigned to such term in Section 9.12.

 

“Interest
Election Request” means a request by the Borrower to convert or continue a Borrowing in accordance with Section 2.08.

 

“Interest
Expense” means, with reference to any period, total interest expense (including that attributable to Capital Lease Obligations)
of Holdings and its Subsidiaries for such period with respect to all outstanding Indebtedness of Holdings and its Subsidiaries (including
all commissions, discounts and other fees and charges owed with respect to letters of credit and bankers’ acceptances and net costs
under Swap Agreements in respect of interest rates, to the extent such net costs are allocable to such period in accordance with GAAP),
calculated for Holdings and its Subsidiaries on a consolidated basis for such period in accordance with GAAP.

 

    - 20 -

     

    

 

“Interest
Payment Date” means (a) with respect to any ABR Loan (other than a Swingline Loan), the first day of each calendar quarter
and the Revolving Credit Maturity Date and the Term Maturity Date, as applicable, and (b) with respect to any Eurodollar Loan, the last
day of the Interest Period applicable to the Borrowing of which such Loan is a part and, in the case of a Eurodollar Borrowing with an
Interest Period of more than three months’ duration, each day prior to the last day of such Interest Period that occurs at intervals
of three months’ duration after the first day of such Interest Period and the Revolving Credit Maturity Date and the Term Maturity
Date, as applicable, and (c) with respect to any Swingline Loan, the day that such Loan is required to be repaid and the Revolving Credit
Maturity Date.

 

“Interest
Period” means with respect to any Eurodollar Borrowing, the period commencing on the date of such Eurodollar Borrowing and
ending on the numerically corresponding day in the calendar month that is one, three or six months thereafter, as the Borrower may elect;
provided that (i) if any Interest Period would end on a day other than a Business Day, such Interest Period shall be extended
to the next succeeding Business Day unless such next succeeding Business Day would fall in the next calendar month, in which case such
Interest Period shall end on the next preceding Business Day and (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. For purposes hereof, the date of a Borrowing initially
shall be the date on which such Borrowing is made and thereafter shall be the effective date of the most recent conversion or continuation
of such Borrowing.

 

“Interpolated
Rate” means, at any time, for any Interest Period, the rate per annum (rounded to the same number of decimal places as the
LIBO Screen Rate) determined by the Administrative Agent (which determination shall be conclusive and binding absent manifest error)
to be equal to the rate that results from interpolating on a linear basis between: (a) the LIBO Screen Rate for the longest period (for
which the LIBO Screen Rate is available) that is shorter than the Impacted Interest Period and (b) the LIBO Screen Rate for the shortest
period (for which the LIBO Screen Rate is available) that exceeds the Impacted Interest Period, in each case, at such time; provided,
that, if any Interpolated Rate shall be less than one percent, such rate shall be deemed to be one percent for purposes of this Agreement.

 

“Inventory”
has the meaning assigned to such term in the Security Agreement.

 

“IRS”
means the United States Internal Revenue Service.

 

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

 

“Issuing
Bank” means, individually and collectively, each of Chase, in its capacity as the issuer of Letters of Credit hereunder, and
any other Revolving Lender from time to time designated by the Borrower as an Issuing Bank, with the consent of such Revolving Lender
and the Administrative Agent, and their respective successors in such capacity as provided in Section 2.06(i). Any Issuing Bank may,
in its discretion, arrange for one or more Letters of Credit to be issued by its Affiliates, in which case the term “Issuing Bank”
shall include any such Affiliate with respect to Letters of Credit issued by such Affiliate (it being agreed that such Issuing Bank shall,
or shall cause such Affiliate to, comply with the requirements of Section 2.06 with respect to such Letters of Credit). At any time there
is more than one Issuing Bank, all singular references to the Issuing Bank shall mean any Issuing Bank, either Issuing Bank, each Issuing
Bank, the Issuing Bank that has issued the applicable Letter of Credit, or both (or all) Issuing Banks, as the context may require.

 

    - 21 -

     

    

 

“Issuing
Bank Sublimits” means, as of the Restatement Date, (i) $1,000,000, in the case of Chase and (ii) such amount as shall be designated
to the Administrative Agent and the Borrower in writing by an Issuing Bank; provided that any Issuing Bank shall be permitted at any
time to increase or reduce its Issuing Bank Sublimit upon providing five (5) days’ prior written notice thereof to the Administrative
Agent and the Borrower.

 

“Joinder
Agreement” means a Joinder Agreement in substantially the form of Exhibit E.

 

“LC
Collateral Account” has the meaning assigned to such term in Section 2.06(j).

 

“LC
Disbursement” means any payment made by an Issuing Bank pursuant to a Letter of Credit.

 

“LC
Exposure” means, at any time, the sum of (a) the aggregate undrawn amount of all outstanding Letters of Credit plus
(b) the aggregate amount of all LC Disbursements that have not yet been reimbursed by or on behalf of the Borrower. The LC Exposure of
any Revolving Lender at any time shall be its Applicable Percentage of the aggregate LC Exposure at such time.

 

“Lenders”
means the Persons listed on the Commitment Schedule and any other Person that shall have become a Lender hereunder pursuant to
Section 2.09 or an Assignment and Assumption, other than any such Person that ceases to be a Lender hereunder pursuant to an Assignment
and Assumption. Unless the context otherwise requires, the term “Lenders” includes the Swingline Lender and the Issuing Bank.

 

“Letters
of Credit” means the letters of credit issued pursuant to this Agreement, and the term “Letter of Credit”
means any one of them or each of them singularly, as the context may require.

 

“LIBO
Rate” means, with respect to any Eurodollar Borrowing for any applicable Interest Period or for any ABR Borrowing, the LIBO
Screen Rate at approximately 11:00 a.m., London time, two

 

(2)
Business Days prior to the commencement of such Interest Period; provided that, if the LIBO Screen Rate shall not be available
at such time for such Interest Period (an “Impacted Interest Period”), then the LIBO Rate shall be the Interpolated
Rate, subject to Section 2.14 in the event that the Administrative Agent shall conclude that it shall not be possible to determine such
Interpolated Rate (which conclusion shall be conclusive and binding absent manifest error). Notwithstanding the above, to the extent
that “LIBO Rate” or “Adjusted LIBO Rate” is used in connection with an ABR Borrowing, such rate shall be determined
as modified by the definition of Alternate Base Rate.

 

“LIBO
Screen Rate” means, for any day and time, with respect to any Eurodollar Borrowing for any Interest Period or for any ABR Borrowing,
the London interbank offered rate as administered by ICE Benchmark Administration (or any other Person that takes over the administration
of such rate for Dollars) for a period equal in length to such Interest Period as displayed on such day and time on pages LIBOR01 or
LIBOR02 of the Reuters screen that displays such rate (or, in the event such rate does not appear on a Reuters page or screen, on any
successor or substitute page on such screen that displays such rate, or on the appropriate page of such other information service that
publishes such rate from time to time as selected by the Administrative Agent in its reasonable discretion); provided that if
the LIBO Screen Rate as so determined would be less than 0.50%, such rate shall be deemed to be 0.50% for the purposes of this Agreement;
provided, further, however, that commencing with the Merger Effective Date, then if the LIBO Screen Rate as so determined
on or after such date would be less than 0.00%, such rate shall be deemed to be 0.00% percent, in each case, for the purposes of this
Agreement.

 

“LIBOR”
has the meaning assigned to such term in Section 1.08.

 

    - 22 -

     

    

 

“Lien”
means, with respect to any asset, (a) any mortgage, deed of trust, lien, pledge, hypothecation, encumbrance, charge or security interest
in, on or of such asset, (b) the interest of a vendor or a lessor under any conditional sale agreement, capital lease or title retention
agreement (or any financing lease having substantially the same economic effect as any of the foregoing) relating to such asset and (c)
in the case of securities, any purchase option, call or similar right of a third party with respect to such securities.

 

“Liquidity”
means, as of any date of determination, an amount equal to the sum of (a) unrestricted cash and Permitted Investments (in each case,
free and clear of all Liens, other than Liens securing the Obligations) held by the Borrower and its Subsidiaries and (b) the amount
by which the aggregate Revolving Commitments of all Lenders which are available to the Borrower pursuant to the terms hereof exceeds
the Aggregate Revolving Exposure, in each case, as of such date.

 

“Loan
Documents” means, collectively, this Agreement, each promissory note issued pursuant to this Agreement, any Letter of Credit
applications, each Collateral Document, the Loan Guaranty, any Obligation Guaranty and each other agreement, fee letter, instrument,
document and certificate identified in Section 4.01 executed and delivered to, or in favor of, the Administrative Agent or any Lender
in connection with this Agreement, including each other pledge, power of attorney, consent, assignment, contract, notice, letter of credit
agreement, letter of credit applications and any agreements between the Borrower and the Issuing Bank regarding the Issuing Bank’s
Issuing Bank Sublimit or the respective rights and obligations between the Borrower and the Issuing Bank in connection with the issuance
of Letters of Credit, and each other written matter whether heretofore, now or hereafter executed by or on behalf of any Loan Party,
and delivered to the Administrative Agent or any Lender in connection with this Agreement or the transactions contemplated hereby. Any
reference in this Agreement or any other Loan Document to a Loan Document shall include all appendices, exhibits or schedules thereto,
and all amendments, restatements, supplements or other modifications thereto, and shall refer to this Agreement or such Loan Document
as the same may be in effect at any and all times such reference becomes operative.

 

“Loan
Guarantor” means each Loan Party.

 

“Loan
Guaranty” means Article X of this Agreement.

 

“Loan
Parties” means, collectively, Holdings, the Borrower, Arculus, Holdings’ domestic Subsidiaries and, except to the extent
it would result in materially adverse tax consequences to the Borrower, each of its foreign Subsidiaries and any other Person who becomes
a party to this Agreement pursuant to a Joinder Agreement and their successors and assigns, and the term “Loan Party” shall
mean any one of them or all of them individually, as the context may require.

 

“Loans”
means the loans and advances made by the Lenders pursuant to this Agreement, including Swingline Loans.

 

“Material
Adverse Effect” means any event, development or circumstance that has had or would reasonably be expected to have a material
adverse effect on (i) the business, assets, operations, property, liabilities or financial condition of Holdings and its subsidiaries
taken as a whole, (ii) the ability of the Loan Parties, taken as a whole, to perform any of their material obligations under the Loan
Documents to which it is a party, (iii) any material portion of the Collateral, or the Administrative Agent’s liens (on behalf
of itself and the Lenders) on any material portion of the Collateral or the priority of such liens, or (iv) the rights of or benefits
available to the Administrative Agent, the Issuing Bank or the Lenders under the Loan Documents.

 

    - 23 -

     

    

 

“Material
Contract” means each contract or agreement to which the Borrower or any of its Subsidiaries is a party involving aggregate
consideration payable to or by the Borrower or such Subsidiary of $10,000,000 or more per annum (other than purchase orders in the ordinary
course of business of the Borrower or such Subsidiary and other than contracts that by their terms may be terminated by the Borrower
or such Subsidiary in the ordinary course of its business upon less than 60 days’ notice without penalty or premium).

 

“Material
Indebtedness” means Indebtedness (other than the Loans and Letters of Credit), or obligations in respect of one or more Swap
Agreements, of any one or more of the Loan Parties in an aggregate principal amount exceeding $ 10,000,000. For purposes of determining
Material Indebtedness, the “principal amount” of the obligations of the Loan Parties in respect of any Swap Agreement at
any time shall be the maximum aggregate amount (giving effect to any netting agreements) that such Loan Party would be required to pay
if such Swap Agreement were terminated at such time.

 

“Maximum
Rate” has the meaning assigned to such term in Section 9.17.

 

“Merger”
means the merger of Merger Sub with and into Holdings pursuant to the Merger Agreement, with Holdings surviving as a wholly-owned subsidiary
of PubCo; provided, for the avoidance of doubt, that the Merger shall only be permitted to occur on or prior to the Outside Merger
Date.

 

“Merger
Agreement” means that certain agreement and plan of merger, dated as of April 19, 2021,  by and among Pubco, Merger Sub, Holdings
and LLR Equity Partners IV, L.P., a Delaware limited partnership.

 

“Merger
Effective Date” means the date of the consummation of the Merger; provided, that the Merger Effective Date shall be
no later than the Outside Merger Date.

 

“Merger
Effective Date Dividend” means, collectively, a one-time Restricted Payment to fund a distribution to holders of Equity Interests
of the Borrower in an amount not to exceed the maximum amount immediately following which distribution the Borrower shall retain $15,000,000
of cash and cash equivalents.

 

“Merger
Sub” means Roman Parent Merger Sub, LLC, a Delaware limited liability company, and a wholly-owned subsidiary of PubCo.

 

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

 

“Mortgage” means any mortgage, deed of trust or other agreement which conveys or evidences a Lien in favor of the Administrative Agent,
for the benefit of the Administrative Agent and the other Secured Parties, on real property of a Loan Party, including any amendment,
restatement, modification or supplement thereto.

 

“Multiemployer
Plan” means a multiemployer plan as defined in Section 4001(a)(3) of ERISA.

 

“Net
Income” means, for any period, the consolidated net income (or loss) determined for Holdings and its Subsidiaries, on a
consolidated basis in accordance with GAAP; provided that there shall be excluded (a) the income (or deficit) of any Person
(other than a Subsidiary) in which Holdings or any Subsidiary has an ownership interest, except to the extent that any such income
is actually received by the Holdings or such Subsidiary in the form of dividends or similar distributions and (b) the undistributed
earnings of any Subsidiary, to the extent that the declaration or payment of dividends or similar distributions by such
Subsidiary is not at the time permitted by the terms of any contractual obligation (other than under any Loan Document) or
Requirement of Law applicable to such Subsidiary.

 

    - 24 -

     

    

 

“Net
Proceeds” means, with respect to any event, (a) the cash proceeds received in respect of such event including (i) any cash
received in respect of any non-cash proceeds (including any cash payments received by way of deferred payment of principal pursuant to
a note or installment receivable or purchase price adjustment receivable or otherwise, but excluding any interest payments), but only
as and when received, (ii) in the case of a casualty, insurance proceeds and (iii) in the case of a condemnation or similar event, condemnation
awards and similar payments, minus (b) the sum of (i) all reasonable fees and out-of-pocket expenses paid to third parties (other than
Affiliates) in connection with such event, (ii) in the case of a sale, transfer or other disposition of an asset (including pursuant
to a sale and leaseback transaction or a casualty or a condemnation or similar proceeding), the amount of all payments required to be
made as a result of such event to repay Indebtedness (other than Loans) secured by such asset or otherwise subject to mandatory prepayment
as a result of such event and (iii) the amount of all taxes paid (or reasonably estimated to be payable) and the amount of any reserves
established to fund contingent liabilities reasonably estimated to be payable, in each case during the year that such event occurred
or the next succeeding year and that are directly attributable to such event (as determined reasonably and in good faith by a Financial
Officer).

 

“New
Term Loan” has the meaning assigned to such term in Section 2.10(c).

 

“Non-Consenting
Lender” has the meaning assigned to such term in Section 9.02(d).

 

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

 

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

 

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

 

“Obligated
Party” has the meaning assigned to such term in Section 10.02.

 

“Obligation Guaranty” means any Guarantee of all or any portion of the Secured Obligations executed and delivered to the
Administrative Agent for the benefit of the Secured Parties by a guarantor who is not a Loan Party.

 

“Obligations”
means all unpaid principal of and accrued and unpaid interest on the Loans, all LC Exposure, all Erroneous Payment Subrogation
Rights, all accrued and unpaid fees and all expenses, reimbursements, indemnities and other obligations and indebtedness (including
interest and fees accruing during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless
of whether allowed or allowable in such proceeding), obligations and liabilities of any of the Loan Parties to any of the Lenders,
the Administrative Agent, the Issuing Bank or any indemnified party, individually or collectively, existing on the Restatement Date
or arising thereafter, direct or indirect, joint or several, absolute or contingent, matured or unmatured, liquidated or
unliquidated, secured or unsecured, arising by contract, operation of law or otherwise, arising or incurred under this Agreement or
any of the other Loan Documents or in respect of any of the Loans made or reimbursement or other obligations incurred or any
of the Letters of Credit or other instruments at any time evidencing any thereof.

 

    - 25 -

     

    

 

“Off-Balance
Sheet Liability” of a Person means (a) any repurchase obligation or liability of such Person with respect to accounts or notes
receivable sold by such Person, (b) any indebtedness, liability or obligation under any so-called “synthetic lease” transaction
entered into by such Person, or (c) any indebtedness, liability or obligation arising with respect to any other transaction which is
the functional equivalent of or takes the place of borrowing but which does not constitute a liability on the balance sheet of such Person
(other than operating leases).

 

“Original
Effective Date” shall have the meaning set forth in the recitals hereto.

 

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

 

“Other
Taxes” means all present or future stamp, court or documentary, intangible, recording, filing or similar Taxes that arise from
any payment made under, from the execution, delivery, performance, enforcement or registration of, from the receipt or perfection of
a security interest under, or otherwise with respect to, any Loan Document, except any such Taxes that are Other Connection Taxes imposed
with respect to an assignment (other than an assignment made pursuant to Section 2.19).

 

“Outside
Merger Date” means June 30, 2022.

 

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

 

“Parent”
means, with respect to any Lender, any Person as to which such Lender is, directly or indirectly, a subsidiary.

 

“Participant”
has the meaning assigned to such term in Section 9.04(c).

 

“Participant
Register” has the meaning assigned to such term in Section 9.04(c).

 

“Payment
Recipient” has the meaning assigned to it in Section 8.11(a).

 

“PBGC”
means the Pension Benefit Guaranty Corporation referred to and defined in ERISA and any successor entity performing similar functions.

 

“Permitted
Acquisition” means any Acquisition by any Loan Party (other than Holdings) in a transaction that satisfies each of the following
requirements:

 

(a)          
such Acquisition is not a hostile or contested acquisition;

 

(b)          
the business acquired in connection
with such Acquisition is (i) located in the U.S., (ii)  organized under applicable U.S. and state laws, and (iii) not engaged, directly
or indirectly, in any line of business other than the businesses in which the Loan Parties are engaged on the Restatement Date and any
business activities that are substantially similar, related, or incidental thereto or a reasonable extension thereof;

 

    - 26 -

     

    

 

(c)          
both before and after giving effect to such Acquisition and the Loans (if any) requested to be made in connection therewith, each of
the representations and warranties in the Loan Documents is true and correct (except (i) any such representation or warranty which relates
to a specified prior date and (ii) to the extent the Lenders have been notified in writing by the Loan Parties that any representation
or warranty is not correct and the Lenders have explicitly waived in writing compliance with such representation or warranty) and no
Default exists, will exist, or would result therefrom;

 

(d)          
as soon as available, but not less than thirty (30) days (or such lesser period as may be agreed by the Administrative Agent) prior to
such Acquisition, the Borrower has provided the Administrative Agent (i) notice of such Acquisition and (ii) a copy of all business and
financial information reasonably requested by the Administrative Agent including pro forma financial statements, and statements of cash
flow;

 

 (e)          
immediately after giving effect to such Acquisition, Liquidity shall be no less than $10,000,000;

  

(f)           
if such Acquisition is an acquisition of the Equity Interests of a Person, such Acquisition is structured so that the acquired Person
shall become a wholly-owned Subsidiary of the Borrower and a Loan Party pursuant to the terms of this Agreement;

 

(g)          
if such Acquisition is an acquisition of assets, such Acquisition is structured so that the Borrower or another Loan Party (other than
Holdings) shall acquire such assets;

 

(h)          
if such Acquisition is an acquisition of Equity Interests, such Acquisition will not result in any violation of Regulation U;

 

(i)           
if such Acquisition involves a merger or a consolidation involving the Borrower or any other Loan Party (other than Holdings), the Borrower
or such Loan Party, as applicable, shall be the surviving entity;

 

(j)           
no Loan Party shall, as a result of or in connection with any such Acquisition, assume or incur any direct or contingent liabilities
(whether relating to environmental, tax, litigation, or other matters) that would reasonably be expected to have a Material Adverse Effect;

 

(k)          
in connection with an Acquisition of the Equity Interests of any Person, all Liens on property of such Person shall be terminated unless
the Administrative Agent and the Lenders in their sole discretion consent otherwise, and in connection with an Acquisition of the assets
of any Person, all Liens on such assets shall be terminated;

 

(l)           
the Borrower shall certify to the Administrative Agent and the Lenders (and provide the Administrative Agent and the Lenders with a
pro forma calculation in form and substance reasonably satisfactory to the Administrative Agent and the Lenders) that, after giving effect
to the completion of such Acquisition, on a pro forma basis, Holdings will be in compliance with (i) the covenant contained in
Section 6.12(b) less 0.25 of the then applicable level and (ii) the covenant contained in Section 6.12(a) plus 0.25 of the then
applicable level;

 

    - 27 -

     

    

 

(m)        
all actions required to be taken with respect to any newly acquired or formed wholly-owned Subsidiary of the Borrower or a Loan
Party, as applicable, required under Section 5.14 shall
have been taken; and

 

(n)          
the Borrower shall have delivered to the Administrative Agent the final executed material documentation relating to such Acquisition
within fifteen (15) days following the consummation thereof.

 

“Permitted
Convertible Notes” means those certain 7.00% exchangeable senior unsecured notes due five years after the issuance thereof
issued by Holdings on or after the Merger Effective Date and guaranteed by Borrower that are exchangeable into shares of PubCo’s
Class A common stock, par value $0.0001 per share.

 

“Permitted
Encumbrances” means:

 

(a)          
Liens imposed by law for Taxes that are not yet due or are being contested in compliance with Section 5.04;

 

(b)          
carriers’, warehousemen’s, mechanics’, materialmen’s, repairmen’s and other like Liens imposed by law,
arising in the ordinary course of business and securing obligations that are not overdue by more than thirty (30) days or are being contested
in compliance with Section 5.04; 

 

(c)          
pledges and deposits made in the ordinary course of business in compliance with workers’ compensation, unemployment insurance and
other social security laws or regulations or employment laws or to secure other public, statutory or regulatory obligations;

 

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

 

(e)          
judgment Liens in respect of judgments that do not constitute an Event of Default under clause (k) of Article VII;

 

(f)           
easements, zoning restrictions, rights-of-way and similar encumbrances on real property imposed by law or arising in the ordinary course
of business that do not secure any monetary obligations and do not materially detract from the value of the affected property or interfere
with the ordinary conduct of business of the Borrower or any Subsidiary;

 

 (g)           any interest or title of a lessor or sublessor under any lease of real estate;

 

(h)          
leases, licenses, subleases or sublicenses granted to others not interfering in any material respect with the business of the Borrower
or any of its Subsidiaries; and

 

(i)           
purported Liens evidenced by the filing of precautionary UCC financing statements or similar filings relating to operating leases of
personal property entered into by the Borrower or any of its Subsidiaries in the ordinary course of business;

 

provided
that the term “Permitted Encumbrances” shall not include any Lien securing Indebtedness, except with respect to clause (e)
above.

 

    - 28 -

     

    

 

“Permitted
Holders” means (a) prior to the Merger Effective Date, Sponsor and Existing Equity Holders and (b) after the Merger Effective
Date, Pubco and all other owners of authorized Equity Interests of Holdings (including, for the avoidance of doubt, holders of option
interests) as of the Restatement Date, together in each case, with their Permitted Transferees (as defined in the Holdings LLC Agreement
as in effect on the Restatement Date).

 

“Permitted
Investments” means:

 

(a)          
direct obligations of, or obligations the principal of and interest on which are unconditionally guaranteed by, the U.S. (or by any agency
thereof to the extent such obligations are backed by the full faith and credit of the U.S.), in each case maturing within one year from
the date of acquisition thereof;

 

(b)          
investments in commercial paper maturing within 270 days from the date of acquisition thereof and having, at such date of acquisition,
the highest credit rating obtainable from S&P or from Moody’s;

 

(c)          
investments in certificates of deposit, bankers’ acceptances and time deposits maturing within 180 days from the date of acquisition
thereof issued or guaranteed by or placed with, and money market deposit accounts issued or offered by, any Lender or any domestic office
of any commercial bank organized under the laws of the U.S. or any state thereof which has a combined capital and surplus and undivided
profits of not less than $500,000,000;

 

(d)          
fully collateralized repurchase agreements with a term of not more than 30 days for securities described in clause (a) above and entered
into with a financial institution satisfying the criteria described in clause (c) above; and

 

(e)          
money market funds that (i) comply with the criteria set forth in Securities and Exchange Commission Rule 2a-7 under the Investment Company
Act of 1940, (ii) are rated AAA by S&P and Aaa by Moody’s and (iii) have portfolio assets of at least $5,000,000,000.

 

“Permitted
Tax Distributions” means Restricted Payments to the equity holders of Holdings for the payment of income taxes in accordance
with Section 8.4(a) of the Holdings LLC Agreement as in effect on the Restatement Date.

 

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

 

“Plan” means any employee pension benefit plan (other than a Multiemployer Plan) subject to the provisions of Title IV of ERISA
or Section 412 of the Code or Section 302 of ERISA, and in respect of which the Borrower or any ERISA Affiliate is (or, if such plan
were terminated, would under Section 4069 of ERISA be deemed to be) an “employer” as defined in Section 3(5) of ERISA.

 

“Platform”
means Debt Domain, Intralinks, Syndtrak or a substantially similar electronic transmission system.

 

“Pledge
Agreement” means each Pledge Agreement (including any and all supplements thereto), dated as of the Original Effective
Date, between Sponsor and each Existing Equity Holder, on the one hand, and the Administrative Agent, on the other, in each
case, for the benefit of the Administrative Agent and the other Secured Parties, and any other pledge agreement entered into after
the Original Effective Date (including, if the Merger Effective Date occurs, the Pubco Pledge Agreement) by any holder of Equity
Interests of Holdings or the Borrower (as required by this Agreement or any other Loan Document) for the benefit of the
Administrative Agent and the other Secured Parties, as the same may be amended, restated, supplemented or otherwise modified from
time to time.

 

    - 29 -

     

    

 

“Prepayment
Event” means:

 

(a)          
any sale, transfer or other disposition or series of sales, transfers or dispositions (including pursuant to a sale and leaseback transaction)
of any property or asset of any Loan Party or any Subsidiary, other than dispositions described in Section 6.05(a) that result in aggregate
Net Proceeds in excess of $2,000,000 in any fiscal year of Holdings; or

 

(b)          
any casualty or other insured damage to, or any taking under power of eminent domain or by condemnation or similar proceeding of, any
property or asset of any Loan Party or any Subsidiary that result in aggregate Net Proceeds in excess of $2,000,000 in any fiscal year
of Holdings; or

 

(c)          
the receipt by the Borrower of any Specified Equity Contribution in connection with any Equity Cure; or

 

(d)          
the incurrence by any Loan Party or any Subsidiary of any Indebtedness, other than Indebtedness permitted under Section 6.01.

 

“Prime
Rate” means the rate of interest per annum publicly announced from time to time by Chase as its prime rate in effect at its
principal offices in New York City. Each change in the Prime Rate shall be effective from and including the date such change is publicly
announced as being effective.

 

“Projections”
has the meaning assigned to such term in Section 5.01(f).

 

“PubCo”
means Roman DBDR Tech Acquisition Corp, which entity shall be renamed CompoSecure, Inc. on the Merger Effective Date.

 

“Pubco
Pledge Agreement” means that certain Pledge Agreement (including any and all supplements thereto), dated as of the Merger Effective
Date, between each of PubCo and Holdings, on the one hand, and the Administrative Agent, on the other, in each case, for the benefit
of the Administrative Agent and the other Secured Parties, and any other pledge agreement entered into, after the date hereof by any
holder of Equity Interests of Holdings or the Borrower (as required by this Agreement or any other Loan Document) for the benefit of
the Administrative Agent and the other Secured Parties, in form and substance reasonably acceptable to the Administrative Agent, as the
same may be amended, restated, supplemented or otherwise modified from time to time.

 

“Public-Sider” means a Lender whose representatives may trade in securities of Holdings or its controlling person or any of its Subsidiaries
while in possession of the financial statements provided by Holdings under the terms of this Agreement.

 

“QFC”
has the meaning assigned to the term “qualified financial contract” in, and shall be interpreted in accordance with, 12 U.S.C.
5390(c)(8)(D).

 

“QFC
Credit Support” has the meaning assigned to it in Section 9.22.

 

    - 30 -

     

    

 

“Qualified
ECP Guarantor” means, in respect of any Swap Obligation, each Loan Party that has total assets exceeding $10,000,000 at the
time the relevant Loan Guaranty or grant of the relevant security interest becomes or would become effective with respect to such Swap
Obligation or such other person as constitutes an “eligible contract participant” under the Commodity Exchange Act or any
regulations promulgated thereunder and can cause another person to qualify as an “eligible contract participant” at such
time by entering into a keepwell under Section 1a(18)(A)(v)(II) of the Commodity Exchange Act.

 

“Reaffirmation
Agreement” means that certain Reaffirmation Agreement, dated as of the Restatement Date, by the Loan Parties for the benefit
of the Administrative Agent and the other Lenders.

 

“Real
Property” means all real property that was, is now or may hereafter be owned, occupied or otherwise controlled by any Loan
Party pursuant to any contract of sale, lease or other conveyance of any legal interest in any real property to any Loan Party.

 

“Recipient”
means, as applicable, (a) the Administrative Agent, (b) any Lender and (c) any Issuing Bank, or any combination thereof (as the context
requires).

 

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

 

“Refinance
Indebtedness” has the meaning assigned to such term in Section 6.01(f).

 

“Register”
has the meaning assigned to such term in Section 9.04(b).

 

“Related
Parties” means, with respect to any specified Person, such Person’s Affiliates and the respective directors, officers,
partners, members, trustees, employees, agents, administrators, managers, representatives and advisors of such Person and such Person’s
Affiliates.

 

“Release”
means any releasing, spilling, leaking, pumping, pouring, emitting, emptying, discharging, injecting, escaping, leaching, migrating,
disposing, or dumping of any substance into the environment.

 

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

 

“Report”
means reports prepared by the Administrative Agent or another Person showing the results of appraisals, field examinations or audits
pertaining to the Borrower’s assets from information furnished by or on behalf of the Borrower, after the Administrative Agent
has exercised its rights of inspection pursuant to this Agreement, which Reports may be distributed to the Lenders by the Administrative
Agent.

 

“Required
Lenders” means, at any time, Lenders (other than Defaulting Lenders) having Credit Exposure and unused Commitments
representing more than 50% of the sum of the Aggregate Credit Exposure and unused Commitments at such time if there are more than
two Lenders which are not Affiliates at such time; provided that, (a) as long as there are only two Lenders which are not
Affiliates, Required Lenders shall mean both Lenders, (b) for purposes of declaring the Loans to be due and payable pursuant to
Article VII, and for all purposes after the Loans become due and payable pursuant to Article VII or the Commitments expire or
terminate, then, as to each Lender, clause (a) of the definition of Swingline Exposure shall only be applicable for purposes of
determining its Revolving Exposure to the extent such Lender shall have funded its participation in the outstanding Swingline
Loans, and (c the Credit Exposure of any Lender that is a Swingline Lender shall be deemed to exclude any amount of its Swingline
Exposure in excess of its Applicable Percentage of all outstanding Swingline Loans, adjusted to give effect to any reallocation
under Section 2.20 of the Swingline Exposures of Defaulting Lenders in effect at such time, and the unused Commitment of such Lender
shall be determined on the basis of its Credit Exposure excluding such excess amount.

 

    - 31 -

     

    

 

 

“Requirement
of Law” means, with respect to any Person, (a the charter, articles or certificate of organization or incorporation and bylaws
or operating, management or partnership agreement, or other organizational or governing documents of such Person and (b any statute,
law (including common law, treaty, rule, regulation, code, ordinance, order, decree, writ, judgment, injunction or determination of any
arbitrator or court or other Governmental Authority (including Environmental Laws, in each case applicable to or binding upon such Person
or any of its property or to which such Person or any of its property is subject.

 

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

 

“Responsible
Officer” means the chief executive officer, president or a member of the management team of the Borrower.

 

“Restatement
Date” means the date on which the conditions specified in Section 4.01 are satisfied (or waived in accordance with Section
9.02.

 

“Restricted
Payment” means any dividend or other distribution (whether in cash, securities or other property with respect to any Equity
Interests in Holdings or any Subsidiary, or any payment (whether in cash, securities or other property, including any sinking fund or
similar deposit, on account of the purchase, redemption, retirement, acquisition, cancellation or termination of any such Equity Interests
or any option, warrant or other right to acquire any such Equity Interests or any management fee payable to any holder of the Equity
Interests of Holdings. For avoidance of doubt, “Restricted Payment” shall include all dividends and distributions permitted
pursuant to Section 6.08.

 

“Revolving
Commitment” means, with respect to each Lender, the commitment, if any, of such Lender to make Revolving Loans and to acquire
participations in Letters of Credit and Swingline Loans hereunder, expressed as an amount representing the maximum aggregate permitted
amount of such Lender’s Revolving Exposure hereunder, as such commitment may be reduced or increased from time to time pursuant
to (a Section 2.09 and (b assignments by or to such Lender pursuant to Section 9.04. The initial amount of each Lender’s Revolving
Commitment is set forth on the Commitment Schedule, or in the Assignment and Assumption pursuant to which such Lender shall have
assumed its Revolving Commitment, as applicable. The aggregate amount of the Lenders’ Revolving Commitments on the Restatement
Date is $60,000,000.

 

“Revolving
Credit Maturity Date” means December 21, 2025 (if the same is a Business Day, or if not then the immediately next succeeding
Business Day, or any earlier date on which the Revolving Commitments are reduced to zero or otherwise terminated pursuant to the terms
hereof; provided, however, that if the Merger has not been consummated on or prior to the Outside Merger Date, the Revolving Credit
Maturity Date shall mean December 21, 2024.

 

“Revolving
Exposure” means, with respect to any Lender, at any time, the sum of the aggregate outstanding principal amount of such Lender’s
Revolving Loans and its LC Exposure and its Swingline Exposure at such time.

 

    - 32 -

     

    

 

“Revolving
Lender” means, as of any date of determination, a Lender with a Revolving Commitment or, if the Revolving Commitments have
terminated or expired, a Lender with Revolving Exposure.

 

“Revolving
Loan” means a Loan made pursuant to Section 2.01(a).

 

“
S&P” means Standard & Poor’s Ratings Services, a Standard & Poor’s Financial Services LLC business.

 

“Sale
and Leaseback Transaction” has the meaning assigned to such term in Section 6.06.

 

“Sanctioned
Country” means, at any time, a country, region or territory which is itself the subject or target of any Sanctions (at the
time of this Agreement, Crimea, Cuba, Iran, North Korea, Sudan and Syria).

 

“Sanctioned
Person” means, at any time, (a) any Person listed in any Sanctions-related list of designated Persons maintained by the Office
of Foreign Assets Control of the U.S. Department of the Treasury, the U.S. Department of State or by the United Nations Security Council,
the European Union, any European Union member state, Her Majesty’s Treasury of the United Kingdom or other relevant sanctions authority,
(b) any Person operating, organized or resident in a Sanctioned Country or (c) any Person owned or controlled by any such Person or Persons
described in the foregoing clauses (a) or (b).

 

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

 

“SEC”
means the Securities and Exchange Commission of the U.S.

 

“Secured
Obligations” means all Obligations, together with all (i) Banking Services Obligations and (ii) Swap Agreement Obligations
owing to one or more Lenders or their respective Affiliates; provided, however, that the definition of “Secured Obligations”
shall not create any guarantee by any Guarantor of (or grant of security interest by any Guarantor to support, as applicable) any Excluded
Swap Obligations of such Guarantor for purposes of determining any obligations of any Guarantor.

 

“Secured
Parties” means (a) the Lenders, (b) the Administrative Agent, (c) each Issuing Bank, (d) each provider of Banking Services,
to the extent the Banking Services Obligations in respect thereof constitute Secured Obligations, (e) each counterparty to any Swap Agreement,
to the extent the obligations thereunder constitute Secured Obligations, (f) the beneficiaries of each indemnification obligation undertaken
by any Loan Party under any Loan Document and (g) the successors and permitted assigns of each of the foregoing.

 

“Security
Agreement” means that certain Pledge and Security Agreement (including any and all supplements thereto), dated as of the Original
Effective Date, among the Loan Parties and the Administrative Agent, for the benefit of the Administrative Agent and the other Secured
Parties, and any other pledge or security agreement entered into, after the Original Effective Date by any other Loan Party (as required
by this Agreement or any other Loan Document) or any other Person for the benefit of the Administrative Agent and the other Secured Parties,
as the same may be amended, restated, supplemented or otherwise modified from time to time.

 

    - 33 -

     

    

 

“Senior
Secured Indebtedness” means, as of any date of determination, the aggregate principal amount of Indebtedness as of such date
that is then secured by Liens on some or all the property or assets of Holdings and its Subsidiaries, determined for Holdings and its
Subsidiaries on a consolidated basis as of such date.

 

“Senior
Secured Leverage Ratio” means, on any date, the ratio of (a) Senior Secured Indebtedness on such date to (b) EBITDA for the
period of four consecutive fiscal quarters ending on or most recently prior to such date.

 

“SOFR”
means, with respect to any Business Day, a rate per annum equal to the secured overnight financing rate for such Business Day published
by the SOFR Administrator on the SOFR Administrator’s Website on the immediately succeeding Business Day.

 

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

 

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

 

“Specified
Event of Default” means any Event of Default under Article VII (a), (d) (but solely to the extent arising as a consequence
of a breach of any covenant contained in Section 6.12), (h) or (i).

 

“Sponsor”
means LLR Equity Partners IV, L.P., together with its controlled investment affiliates.

 

“Statement”
has the meaning assigned to such term in Section 2.18(g).

 

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

 

“subsidiary”
means, with respect to any Person (the “parent”) at any date, any corporation, limited liability company, partnership,
association or other entity the accounts of which would be consolidated with those of the parent in the parent’s consolidated financial
statements if such financial statements were prepared in accordance with GAAP as of such date, as well as any other corporation, limited
liability company, partnership, association or other entity (a) of which securities or other ownership interests representing more than
50% of the equity or more than 50% of the ordinary voting power or, in the case of a partnership, more than 50% of the general partnership
interests are, as of such date, owned, controlled or held, or (b) that is, as of such date, otherwise Controlled, by the parent or one
or more subsidiaries of the parent or by the parent and one or more subsidiaries of the parent.

 

“Subsidiary”
means any direct or indirect subsidiary of Holdings or of any other Loan Party, as applicable.

 

    - 34 -

     

    

 

“Supported
QFC” has the meaning assigned to it in Section 9.22.

 

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

 

“Swap
Agreement Obligations” means any and all obligations of the Loan Parties, whether absolute or contingent and howsoever and
whensoever created, arising, evidenced or acquired (including all renewals, extensions and modifications thereof and substitutions therefor),
under (a) any Swap Agreement not prohibited by Section 6.07 with a Lender or an Affiliate of a Lender, and (b) any cancellations, buy
backs, reversals, terminations or assignments of any Swap Agreement transaction not prohibited by Section 6.07 with a Lender or an Affiliate
of a Lender.

 

“Swap
Obligation” means, with respect to any Guarantor, any obligation to pay or perform under any agreement, contract or transaction
that constitutes a “swap” within the meaning of section 1a(47) of the Commodity Exchange Act or any rules or regulations
promulgated thereunder.

 

“
Swingline Commitment” means the amount set forth opposite Chase’s name on the Commitment Schedule as Swingline Commitment.

 

“Swingline
Exposure” means, at any time, the aggregate principal amount of all Swingline Loans outstanding at such time. The Swingline
Exposure of any Revolving Lender at any time shall be the sum of

 

(a)
its Applicable Percentage of the total Swingline Exposure at such time other than with respect to any Swingline Loans made by such Revolving
Lender in its capacity as the Swingline Lender and (b) the principal amount of all Swingline Loans made by such Revolving Lender in its
capacity as the Swingline Lender outstanding at such time (less the amount of participations funded by the other Lenders in such Swingline
Loans).

 

“Swingline
Lender” means Chase, in its capacity as lender of Swingline Loans hereunder. Any consent required of the Administrative Agent
or the Issuing Bank shall be deemed to be required of the Swingline Lender and any consent given by Chase in its capacity as Administrative
Agent or Issuing Bank shall be deemed given by Chase in its capacity as Swingline Lender as well.

 

“Swingline
Loan” means a Loan made pursuant to Section 2.05.

 

“Taxes”
means any and all present or future taxes, levies, imposts, duties, deductions, withholdings (including backup withholding), value added
taxes, or any other goods and services, use or sales taxes, assessments, fees or other charges imposed by any Governmental Authority,
including any interest, additions to tax or penalties applicable thereto.

 

“Term
Commitment” means, with respect to each Lender, the commitment, if any, of such Lender to make Term Loans, expressed as an
amount representing the maximum principal amount of the Term Loans to be made by such Lender on the Restatement Date, including such
Lender’s portion of the Existing Term Loans, which are deemed to be made by such Lender on the Restatement Date, as such
commitment may be reduced or increased from time to time pursuant to (a) Section 2.09 and (b) assignments by or to such Lenders
pursuant to Section 9.04. The initial amount of each Lender’s Term Commitment is set forth on the Commitment Schedule
or in the Assignment and Assumption pursuant to which such Lender shall have assumed its Term Commitment, as applicable. The
aggregate amount of the Lenders’ Term Commitment on the Restatement Date is $250,000,000, which includes $10,000,000 of new
Term Commitments and $240,000,000 of Existing Term Loans.

 

    - 35 -

     

    

 

“Term
Lender” means a Lender having a Term Commitment or an outstanding Term Loan.

 

“Total
Leverage Ratio” means, on any date, the ratio of (a Total Indebtedness on such date to (b EBITDA for the period of four consecutive
fiscal quarters ended on or most recently prior to such date.

 

“Term
Loan” means a Loan made pursuant to Section 2.01(b) and any New Term Loan.

 

“Term
Maturity Date” means December 21, 2025; provided, however, that if the Merger has not been consummated on or prior to
the Outside Merger Date, the Term Maturity Date shall mean December 21, 2024.

 

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

 

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

 

“Term
SOFR Transition Event” means the determination by the Administrative Agent that (a Term SOFR has been recommended for use by
the Relevant Governmental Body, (b the administration of Term SOFR is administratively feasible for the Administrative Agent and (c a
Benchmark Transition Event or an Early Opt-in Election, as applicable, has previously occurred resulting in a Benchmark Replacement in
accordance with Section 2.14 that is not Term SOFR.

 

“Total
Indebtedness” means, at any date, the aggregate principal amount of all Indebtedness (other than Indebtedness described in
clauses (g (to the extent such guaranty relates to Indebtedness not otherwise excluded from Total Indebtedness (i, (j, (k and (m of the
definition thereof determined for Holdings

 

and
its Subsidiaries (other than intercompany Indebtedness among Holdings and its Subsidiaries on a consolidated basis at such date.

 

“Transactions”
means the execution, delivery and performance by the Borrower of this Agreement and the other Loan Documents, the borrowing of Loans
and other credit extensions, the use of the proceeds thereof and the issuance of Letters of Credit hereunder.

 

“Type”,
when used in reference to any Loan or Borrowing, refers to whether the rate of interest on such Loan, or on the Loans comprising such
Borrowing, is determined by reference to the Adjusted LIBO Rate, or the Alternate Base Rate.

 

“UCC”
means the Uniform Commercial Code as in effect from time to time in the State of New York or in any other state, the laws of which are
required to be applied in connection with the issue of perfection of security interests.

 

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

 

    - 36 -

     

    

 

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

 

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

 

“Unfinanced
Capital Expenditures” means, for any period, Capital Expenditures made during such period which are not financed from the proceeds
of any Indebtedness (other than the Revolving Loans; it being understood and agreed that, to the extent any Capital Expenditures are
financed with Revolving Loans, such Capital Expenditures shall be deemed Unfinanced Capital Expenditures).

 

“Unliquidated
Obligations” means, at any time, any Secured Obligations (or portion thereof) that are contingent in nature or unliquidated
at such time, including any Secured Obligation that is: (i) an obligation to reimburse a bank for drawings not yet made under a letter
of credit issued by it; (ii) any other obligation (including any guarantee) that is contingent in nature at such time; or (iii) an obligation
to provide collateral to secure any of the foregoing types of obligations.

 

“U.S.”
means the United States of America.

 

“U.S.
Person” means a “United States person” within the meaning of Section 7701(a)(30) of the

 

Code.

 

“U.S.
Special Resolution Regime” has the meaning assigned to it in Section 9.22.

 

“U.S.
Tax Compliance Certificate” has the meaning assigned to such term in Section 2.17(f)(ii)(B)(3).

 

“USA
PATRIOT Act” means the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct
Terrorism Act of 2001.

 

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

 

“Working
Capital” means, at any date, the excess of current assets of Holdings and its Subsidiaries other than cash or Permitted Investments
on such date over current liabilities of Holdings and its Subsidiaries on such date other than Revolving Loans, Swingline
Loans, Letters of Credit and the current portion of any long-term Indebtedness, all determined on a consolidated basis in accordance
with GAAP.

 

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

 

    - 37 -

     

    

 

SECTION
1.02. Classification of Loans and Borrowings. For purposes of this Agreement, Loans may be classified and referred to by Class
(e.g., a “Revolving Loan”) or by Type (e.g., a “Eurodollar Loan”) or by Class and Type (e.g.,
a “Eurodollar Revolving Loan”). Borrowings also may be classified and referred to by Class ( e.g., a “Revolving
Borrowing”) or by Type (e.g., a “Eurodollar Borrowing”) or by Class and Type (e.g., a “Eurodollar
Revolving Borrowing”).

 

SECTION
1.03. Terms Generally. The definitions of terms herein shall apply equally to the singular and plural forms of the terms defined.
Whenever the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms. The words “include”,
 “includes” and “including” shall be deemed to be followed by the phrase “without limitation”. The
word “law” shall be construed as referring to all statutes, rules, regulations, codes and other laws (including official
rulings and interpretations thereunder having the force of law or with which affected Persons customarily comply) and all judgments,
orders and decrees of all Governmental Authorities. The word “will” shall be construed to have the same meaning and effect
as the word “shall”. Unless the context requires otherwise (a) any definition of or reference to any agreement, instrument
or other document herein shall be construed as referring to such agreement, instrument or other document as from time to time amended,
restated, supplemented or otherwise modified (subject to any restrictions on such amendments, restatements, supplements or modifications
set forth herein), (b) any definition of or reference to any statute, rule or regulation shall be construed as referring thereto as from
time to time amended, supplemented or otherwise modified (including by succession of comparable successor laws), (c) any reference herein
to any Person shall be construed to include such Person’s successors and assigns (subject to any restrictions on assignments set
forth herein) and, in the case of any Governmental Authority, any other Governmental Authority that shall have succeeded to any or all
functions thereof, (d) the words “herein”, “hereof” and “hereunder”, and words of similar import,
shall be construed to refer to this Agreement in its entirety and not to any particular provision hereof, (e) all references herein to
Articles, Sections, Exhibits and Schedules shall be construed to refer to Articles and Sections of, and Exhibits and Schedules to, this
Agreement, (f) any reference in any definition to the phrase “at any time” or “for any period” shall refer to
the same time or period for all calculations or determinations within such definition, and (g) the words “asset” and “property”
shall be construed to have the same meaning and effect and to refer to any and all tangible and intangible assets and properties, including
cash, securities, accounts and contract rights. 

 

SECTION
1.04. Accounting Terms; GAAP. Except as otherwise expressly provided herein, all terms of an accounting or financial nature
shall be construed in accordance with GAAP, as in effect from time to time; provided that, if after the date hereof there
occurs any change in GAAP or in the application thereof on the operation of any provision hereof and the Borrower notifies the
Administrative Agent that the Borrower requests an amendment to any provision hereof to eliminate the effect of such change in GAAP
or in the application thereof (or if the Administrative Agent notifies the Borrower that the Required Lenders request an amendment
to any provision hereof for such purpose), regardless of whether any such notice is given before or after such change in GAAP or in
the application thereof, then such provision shall be interpreted on the basis of GAAP as in effect and applied immediately before
such change shall have become effective until such notice shall have been withdrawn or such provision amended in accordance
herewith. Notwithstanding any other provision contained herein, all terms of an accounting or financial nature used herein shall be
construed, and all computations of amounts and ratios referred to herein shall be made (i) without giving effect to any election
under Financial Accounting Standards Board Accounting Standards Codification 825-10-25 (or any other Accounting Standards
Codification or Financial Accounting Standard having a similar result or effect) to value any Indebtedness or other liabilities of
the Borrower or any Subsidiary at “fair value”, as defined therein and (ii) without giving effect to any treatment of
Indebtedness in respect of convertible debt instruments under Financial Accounting Standards Board Accounting Standards Codification
470-20 (or any other Accounting Standards Codification or Financial Accounting Standard having a similar result or effect) to value
any such Indebtedness in a reduced or bifurcated manner as described therein, and such Indebtedness shall at all times be valued at
the full stated principal amount thereof. Additionally, for purposes of determining compliance with any provision of this Agreement,
the determination of whether a lease is to be treated as an operating lease or capital lease shall be made without giving effect to
any change in accounting for leases pursuant to GAAP resulting from the implementation of Financial Accounting Standards Board ASU
No. 2016-02, Leases (Topic 842), to the extent such adoption would require treating any lease (or similar arrangement conveying the
right to use) as a capital lease where such lease (or similar arrangement) would not have been required to be so treated under GAAP
as in effect on December 31, 2015.

 

    - 38 -

     

    

 

SECTION
1.05. Pro Forma Adjustments for Acquisitions and Dispositions. To the extent the Borrower or any Subsidiary makes any acquisition
permitted pursuant to Section 6.04 or disposition of assets outside the ordinary course of business permitted by Section 6.05 during
the period of four fiscal quarters of the Borrower most recently ended, the Senior Secured Leverage Ratio shall be calculated after giving
pro forma effect thereto (including pro forma adjustments arising out of events which are directly attributable to the acquisition or
the disposition of assets, are factually supportable and are expected to have a continuing impact, in each case as determined on a basis
consistent with Article 11 of Regulation S-X of the Securities Act of 1933, as amended, as interpreted by the SEC, and as certified by
a Financial Officer), as if such acquisition or such disposition (and any related incurrence, repayment or assumption of Indebtedness)
had occurred in the first day of such four-quarter period.

 

SECTION
1.06. Rounding. Any financial ratios required to be maintained by any Loan Party pursuant to this Agreement shall be calculated
by dividing the appropriate component by the other component, carrying the result to one place more than the number of places by which
such ratio is expressed herein and rounding the result up or down to the nearest number (with a rounding-up if there is no nearest number).

 

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

 

SECTION
1.08. Interest Rates; LIBOR Notification. The interest rate on Eurodollar Loans is determined by reference to the LIBO Rate,
which is derived from the London interbank offered rate (“LIBOR”). LIBOR is intended to represent the rate
at which contributing banks may obtain short-term borrowings from each other in the London interbank market. On March 5, 2021, the
U.K. Financial Conduct Authority (“FCA”) publicly announced that: (a) immediately after December
31, 2021, publication of all seven euro LIBOR settings, all seven Swiss Franc LIBOR settings, the spot next, 1-week, 2-month and
12-month Japanese Yen LIBOR settings, the overnight, 1-week, 2-month and 12-month British Pound Sterling LIBOR settings, and the
1-week and 2-month U.S. Dollar LIBOR settings will permanently cease; immediately after June 30, 2023, publication of the overnight
and 12-month U.S. Dollar LIBOR settings will permanently cease; immediately after December 31, 2021, the 1-month, 3 -month and
6-month Japanese Yen LIBOR settings and the 1-month, 3-month and 6- month British Pound Sterling LIBOR settings will cease to be
provided or, subject to consultation by the FCA, be provided on a changed methodology (or “synthetic”) basis and no
longer be representative of the underlying market and economic reality they are intended to measure and that representativeness will
not be restored; and immediately after June 30, 2023, the 1-month, 3-month and 6 -month U.S. Dollar LIBOR settings will cease to be
provided or, subject to the FCA’s consideration of the case, be provided on a synthetic basis and no longer be representative
of the underlying market and economic reality they are intended to measure and that representativeness will not be restored. There
is no assurance that dates announced by the FCA will not change or that the administrator of LIBOR and/or regulators will not take
further action that could impact the availability, composition, or characteristics of LIBOR or the currencies and/or tenors
for which LIBOR is published. Each party to this agreement should consult its own advisors to stay informed of any such
developments. Public and private sector industry initiatives are currently underway to identify new or alternative reference rates
to be used in place of LIBOR. Upon the occurrence of a Benchmark Transition Event, a Term SOFR Transition Event or an Early Opt-in
Election, Section 2.14(b) and (c) provide the mechanism for determining an alternative rate of interest. The Administrative Agent
will promptly notify the Borrower, pursuant to Section 2.14(e), of any change to the reference rate upon which the interest rate on
Eurodollar Loans is based. However, the Administrative Agent does not warrant or accept any responsibility for, and shall not have
any liability with respect to, the administration, submission or any other matter related to LIBOR or other rates in the definition
of “LIBO Rate” or with respect to any alternative or successor rate thereto, or replacement rate thereof (including,
without limitation, (i) any such alternative, successor or replacement rate implemented pursuant to Section 2.14(b) or (c), whether
upon the occurrence of a Benchmark Transition Event, a Term SOFR Transition Event or an Early Opt-in Election, and (ii) the
implementation of any Benchmark Replacement Conforming Changes pursuant to Section 2.14(d)), including without limitation, whether
the composition or characteristics of any such alternative, successor or replacement reference rate will be similar to, or produce
the same value or economic equivalence of, the LIBO Rate or have the same volume or liquidity as did the London interbank offered
rate prior to its discontinuance or unavailability.

 

    - 39 -

     

    

 

ARTICLE
II 

The
Credits

 

SECTION
2.01. Commitments. (a) Subject to the terms and conditions set forth herein, each Lender severally (and not jointly) agrees to
make Revolving Loans in dollars to the Borrower from time to time during the Availability Period in an aggregate principal amount that
will not result (after giving effect to any application of proceeds of such Borrowing pursuant to Section 2.10(a)) in (i) such Lender’s
Revolving Exposure exceeding such Lender’s Revolving Commitment or (ii) the Aggregate Revolving Exposure exceeding the aggregate
Revolving Commitments. Within the foregoing limits and subject to the terms and conditions set forth herein, the Borrower may borrow,
prepay and reborrow Revolving Loans.

 

(b)
Subject to the terms and conditions set forth herein, each Term Lender severally (and not jointly) agrees to make, or in the case of
the Existing Term Loans, be deemed to make a Term Loan in dollars to the Borrower, on the Restatement Date, in a principal amount not
to exceed the sum of such Lender’s (i) Term Commitment and (ii) pro rata portion of the Existing Term Loans. Amounts prepaid or
repaid in respect of Term Loans may not be reborrowed.

 

The
Administrative Agent and the Lenders agree that the Commitments of each of the Existing Lenders shall be reallocated among the Lenders
such that, substantially concurrently with the effectiveness of this Agreement in accordance with its terms, the Commitments of each
Lender shall be as set forth on the Commitment Schedule and to the extent any Existing Lender does not consent to this amendment and
restatement, such Existing Lender shall no longer be a party to this Agreement (as so amended and restated), the Commitments of such
Existing Lender shall have terminated (but such Existing Lender shall continue to be entitled to the benefits of Section 2.14, Section
2.15, Section 2.17 and Section 9.03), such Existing Lender shall have no other commitment or other obligation hereunder and such Existing
Lender shall have been paid in full all principal, interest and other amounts owing to it or accrued for its account under this Agreement.
To the extent the reallocation permitted pursuant to this paragraph results in the prepayment of any Eurodollar Loan in whole or in part,
the Lenders hereby agree to waive any reimbursement obligations of the Borrowers arising under Section 2.16 in connection therewith.

 

The
Administrative Agent and the Lenders agree that the Term Loans outstanding immediately prior to the Restatement Date pursuant to the
Existing Credit Agreement shall be deemed to have been prepaid in their entirety on the Restatement Date, and to the extent that
such prepayment results in break funding costs under Section 2.16, the Lenders hereby agree to waive any reimbursement obligations
of the Borrowers arising under Section 2.16 in connection herewith.

 

    - 40 -

     

    

 

SECTION
2.02. Loans and Borrowings.

 

(a)               
Each Loan (other than a Swingline Loan) shall be made as part of a Borrowing consisting of Loans of the same Class and Type made by the
Lenders ratably in accordance with their respective Commitments of the applicable Class. The failure of any Lender to make any Loan required
to be made by it shall not relieve any other Lender of its obligations hereunder; provided that the Commitments of the Lenders are several
and no Lender shall be responsible for any other Lender’s failure to make Loans as required. Any Swingline Loan shall be made in
accordance with the procedures set forth in Section 2.05. 

 

(b)               
Subject to Section 2.14, each Revolving Borrowing and Term Loan Borrowing shall be comprised entirely of ABR Loans or Eurodollar Loans
as the Borrower may request in accordance herewith, provided that all Revolving Borrowings and Term Loan Borrowings made on the
Restatement Date must be made as ABR Borrowings but may be converted into Eurodollar Borrowings in accordance with Section 2.08. Each
Swingline Loan shall be an ABR Loan. Each Lender at its option may make any Eurodollar Loan by causing any domestic or foreign branch
or Affiliate of such Lender to make such Loan (and in the case of an Affiliate, the provisions of Sections 2.14, 2.15, 2.16 and 2.17
shall apply to such Affiliate to the same extent as to such Lender); provided that any exercise of such option shall not affect
the obligation of the Borrower to repay such Loan in accordance with the terms of this Agreement. 

 

(c)               
At the time that each Eurodollar Borrowing is made, such Borrowing shall be in an aggregate amount that is an integral multiple of $100,000
and not less than $500,000. ABR Borrowings may be in any amount. Each Swingline Loan shall be in an amount that is an integral multiple
of $50,000 and not less than $250,000. Borrowings of more than one Type and Class may be outstanding at the same time; provided
that there shall not at any time be more than a total of six Eurodollar Borrowings outstanding. 

 

(d)               
Notwithstanding any other provision of this Agreement, the Borrower shall not be entitled to request, or to elect to convert or continue,
any Borrowing if the Interest Period requested with respect thereto would end after the Revolving Credit Maturity Date or the Term Maturity
Date, as applicable.

 

SECTION
2.03. Requests for Borrowings. To request a Borrowing, the Borrower shall notify the Administrative Agent of such request either
in writing (delivered by hand, fax or through Electronic System) in the form attached hereto as Exhibit B- 1 and signed by the Borrower
or by telephone, if arrangements for doing so have been approved by the Administrative Agent, (a) in the case of a Eurodollar Borrowing,
not later than 1:00 p.m., New York time, three Business Days before the date of the proposed Borrowing or (b) in the case of an ABR Borrowing,
not later than 1:00 p.m., New York time, on the date of the proposed Borrowing; provided that any such notice of an ABR Revolving
Borrowing to finance the reimbursement of an LC Disbursement as contemplated by Section 2.06(e) may be given not later than 10:00 a.m.,
New York time, on the date of the proposed Borrowing. Each such telephonic Borrowing Request shall be irrevocable and shall be confirmed
promptly by hand delivery, fax or a communication through Electronic System to the Administrative Agent of a written Borrowing Request
in a form approved by the Administrative Agent and signed by the Borrower. Each such telephonic and written Borrowing Request shall specify
the following information in compliance with Section 2.01:

 

(i)                
the Class of Borrowing, the aggregate amount of the requested Borrowing, and a breakdown of the separate wires comprising such Borrowing;

 

		(ii)	the
                                            date of such Borrowing, which shall be a Business Day;

 

    - 41 -

     

    

 

(iii)       whether
such Borrowing is to be an ABR Borrowing or a Eurodollar Borrowing; and

 

(iv)
in the case of a Eurodollar Borrowing, the initial Interest Period to be applicable thereto, which shall be a period contemplated by
the definition of the term “Interest Period.”

 

If
no election as to the Type of Borrowing is specified, then the requested Borrowing shall be an ABR Borrowing. If no Interest Period is
specified with respect to any requested Eurodollar Borrowing, then the Borrower shall be deemed to have selected an Interest Period of
one month’s duration. Promptly following receipt of a Borrowing Request in accordance with this Section, the Administrative Agent
shall advise each Lender of the details thereof and of the amount of such Lender’s Loan to be made as part of the requested Borrowing.

 

SECTION
2.04. [Reserved]

 

SECTION
2.05. Swingline Loans.

 

(a)               
Subject to the terms and conditions set forth herein, from time to time during the Availability Period, the Swingline Lender may agree,
but shall have no obligation, to make Swingline Loans to the Borrower, in an aggregate principal amount at any time outstanding that
will not result in (i) the aggregate principal amount of outstanding Swingline Loans exceeding the Swingline Lender’s Swingline
Commitment, (ii) the Swingline Lender’s Revolving Exposure exceeding its Revolving Commitment, or (iii)   the
Aggregate Revolving Exposure exceeding the aggregate Revolving Commitments; provided that the Swingline Lender shall not be required
to make a Swingline Loan to refinance an outstanding Swingline Loan. Within the foregoing limits and subject to the terms and conditions
set forth herein, the Borrower may borrow, prepay and reborrow Swingline Loans. To request a Swingline Loan, the Borrower shall notify
the Administrative Agent of such request by telephone (confirmed by fax or through Electronic System), if arrangements for doing so have
been approved by the Administrative Agent or through Electronic System, not later than 2:00 p.m., New York time, on the day of a proposed
Swingline Loan. Each such notice shall be irrevocable and shall specify the requested date (which shall be a Business Day) and amount
of the requested Swingline Loan. The Administrative Agent will promptly advise the Swingline Lender of any such notice received from
the Borrower. The Swingline Lender shall make each Swingline Loan available to the Borrower, to the extent the Swingline Lender elects
to make such Swingline Loan by means of a credit to the Funding Account(s) (or, in the case of a Swingline Loan made to finance the reimbursement
of an LC Disbursement as provided in Section 2.06(e), by remittance to the Issuing Bank, and in the case of repayment of another Loan
or fees or expenses as provided by Section 2.18(c), by remittance to the Administrative Agent to be distributed to the Lenders) by 3:00
p.m., New York time, on the requested date of such Swingline Loan.

 

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(b)               
The Swingline Lender may by written notice given to the Administrative Agent require the Revolving Lenders to acquire participations
on such Business Day in all or a portion of the Swingline Loans outstanding. Such notice shall specify the aggregate amount of Swingline
Loans in which the Revolving Lenders will participate. Promptly upon receipt of such notice, the Administrative Agent will give notice
thereof to each Revolving Lender, specifying in such notice such Lender’s Applicable Percentage of such Swingline Loan or Loans.
Each Revolving Lender hereby absolutely and unconditionally agrees, promptly upon receipt of such notice from the Administrative Agent
(and in any event, if such notice is received by 11:00 a.m., New York time, on a Business Day no later than 4:00 p.m., New York time
on such Business Day and if received after 11:00 a.m., New York time, “on a Business Day” shall mean no later than 10:00
a.m. New York time on the immediately succeeding Business Day), to pay to the Administrative Agent, for the account of the Swingline
Lender, such Lender’s Applicable Percentage of such Swingline Loan or Loans. Each Revolving Lender acknowledges and agrees that
its obligation to acquire participations in Swingline Loans pursuant to this paragraph is absolute and unconditional and shall
not be affected by any circumstance whatsoever, including the occurrence and continuance of a Default or reduction or termination of
the Revolving Commitments, and that each such payment shall be made without any offset, abatement, withholding or reduction whatsoever.
Each Revolving Lender shall comply with its obligation under this paragraph by wire transfer of immediately available funds, in the same
manner as provided in Section 2.07 with respect to Loans made by such Lender (and Section 2.07 shall apply, mutatis mutandis,
to the payment obligations of the Lenders), and the Administrative Agent shall promptly pay to the Swingline Lender the amounts so received
by it from the Revolving Lenders. The Administrative Agent shall notify the Borrower of any participations in any Swingline Loan acquired
pursuant to this paragraph, and thereafter payments in respect of such Swingline Loan shall be made to the Administrative Agent and not
to the Swingline Lender. Any amounts received by the Swingline Lender from the Borrower (or other party on behalf of the Borrower) in
respect of a Swingline Loan after receipt by the Swingline Lender of the proceeds of a sale of participations therein shall be promptly
remitted to the Administrative Agent; any such amounts received by the Administrative Agent shall be promptly remitted by the Administrative
Agent to the Revolving Lenders that shall have made their payments pursuant to this paragraph and to the Swingline Lender, as their interests
may appear; provided that any such payment so remitted shall be repaid to the Swingline Lender or to the Administrative Agent, as applicable,
if and to the extent such payment is required to be refunded to the Borrower for any reason. The purchase of participations in a Swingline
Loan pursuant to this paragraph shall not relieve the Borrower of any default in the payment thereof.

 

SECTION
2.06. Letters of Credit.

 

(a) General.
Subject to the terms and conditions set forth herein, the Borrower may request the issuance of Letters of Credit denominated in
dollars as the applicant thereof for the support of its or its Subsidiaries’ obligations, in a form reasonably acceptable to
the Administrative Agent and the Issuing Bank, at any time and from time to time during the Availability Period and the Issuing Bank
may, but shall have no obligation, to issue such requested Letters of Credit pursuant to this Agreement. In the event of any
inconsistency between the terms and conditions of this Agreement and the terms and conditions of any form of letter of credit
application or other agreement submitted by the Borrower to, or entered into by the Borrower with, the Issuing Bank relating to any
Letter of Credit, the terms and conditions of this Agreement shall control. The Borrower unconditionally and irrevocably agrees
that, in connection with any Letter of Credit issued for the support of any Subsidiary’s obligations as provided in the first
sentence of this paragraph, the Borrower will be fully responsible for the reimbursement of LC Disbursements in accordance with the
terms hereof, the payment of interest thereon and the payment of fees due under Section 2.12(b) to the same extent as if it were the
sole account party in respect of such Letter of Credit (the Borrower hereby irrevocably waiving any defenses that might otherwise be
available to it as a guarantor or surety of the obligations of such Subsidiary that is an account party in respect of any such
Letter of Credit). Notwithstanding anything herein to the contrary, the Issuing Bank shall have no obligation hereunder to issue,
and shall not issue, any Letter of Credit (i) the proceeds of which would be made available to any Person (A) to fund any activity
or business of or with any Sanctioned Person, or in any country or territory that, at the time of such funding, is the subject of
any Sanctions or (B) in any manner that would result in a violation of any Sanctions by any party to this Agreement, (ii) if any
order, judgment or decree of any Governmental Authority or arbitrator shall by its terms purport to enjoin or restrain the Issuing
Bank from issuing such Letter of Credit, or any Requirement of Law relating to the Issuing Bank or any request or directive (whether
or not having the force of law) from any Governmental Authority with jurisdiction over the Issuing Bank shall prohibit, or request
that the Issuing Bank refrain from, the issuance of letters of credit generally or such Letter of Credit in particular or shall
impose upon the Issuing Bank with respect to such Letter of Credit any restriction, reserve or capital requirement (for which the
Issuing Bank is not otherwise compensated hereunder) not in effect on the Restatement Date, or shall impose upon the Issuing Bank
any unreimbursed loss, cost or expense which was not applicable on the Restatement Date and which the Issuing Bank in good
faith deems material to it, or (iii) if the issuance of such Letter of Credit would violate one or more policies of the Issuing Bank
applicable to letters of credit generally; provided that, notwithstanding anything herein to the contrary, (x) the Dodd-Frank Wall
Street Reform and Consumer Protection Act and all requests, rules, guidelines, requirements or directives thereunder or issued in
connection therewith or in the implementation thereof, and (y) all requests, rules, guidelines, requirements or directives
promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor or similar
authority) or the United States or foreign regulatory authorities, in each case pursuant to Basel III, shall in each case be deemed
not to be in effect on the Restatement Date for purposes of clause (ii) above, regardless of the date enacted, adopted, issued or
implemented.

 

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(b)               
Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. To request the issuance of a Letter of Credit (or the amendment,
renewal or extension of an outstanding Letter of Credit), the Borrower shall hand deliver or fax (or transmit through Electronic System)
to the Issuing Bank and the Administrative Agent (reasonably in advance of the requested date of issuance, amendment, renewal or extension,
but in any event no less than three Business Days) a notice requesting the issuance of a  Letter of Credit, or identifying the Letter
of Credit to be amended, renewed or extended, and specifying the date of issuance, amendment, renewal or extension (which shall be a
Business Day), the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) of this Section), the amount
of such Letter of Credit, the name and address of the beneficiary thereof, and such other information as shall be necessary to prepare,
amend, renew or extend such Letter of Credit. If requested by the Issuing Bank, the Borrower also shall submit a letter of credit application
on the Issuing Bank’s standard form in connection with any request for a Letter of Credit. A Letter of Credit shall be issued,
amended, renewed or extended only if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower shall
be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the aggregate LC
Exposure shall not exceed $1,000,000, (ii) no Revolving Lender’s Revolving Exposure shall exceed its Revolving Commitment and (iii)
the Aggregate Revolving Exposure shall not exceed the aggregate amount of the Lenders’ Revolving Commitments. Notwithstanding the
foregoing or anything to the contrary contained herein, no Issuing Bank shall be obligated to issue or modify any Letter of Credit if,
immediately after giving effect thereto, the outstanding LC Exposure in respect of all Letters of Credit issued by such Person and its
Affiliates would exceed such Issuing Bank’s Issuing Bank Sublimit. Without limiting the foregoing and without affecting the limitations
contained herein, it is understood and agreed that the Borrower may from time to time request that an Issuing Bank issue Letters of Credit
in excess of its individual Issuing Bank Sublimit in effect at the time of such request, and each Issuing Bank agrees to consider any
such request in good faith. Any Letter of Credit so issued by an Issuing Bank in excess of its individual Issuing Bank Sublimit then
in effect shall nonetheless constitute a Letter of Credit for all purposes of the Credit Agreement, and shall not affect the Issuing
Bank Sublimit of any other Issuing Bank, subject to the limitations on the aggregate LC Exposure set forth in clause (i) of this Section
2.06(b).

 

(c)               
Expiration Date. Each Letter of Credit shall expire (or be subject to termination or non-renewal by notice from the Issuing Bank
to the beneficiary thereof) at or prior to the close of business on the earlier of (i) the date one year after the date of the issuance
of such Letter of Credit (or, in the case of any renewal or extension thereof, including, without limitation, any automatic renewal provision,
one year after such renewal or extension) and (ii) the date that is five Business Days prior to the Revolving Credit Maturity Date (unless
such Letter of Credit is Cash Collateralized or backstopped in a manner reasonably acceptable to the Issuing Bank and the Administrative
Agent).

 

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(d)                Participations.
By the issuance of a Letter of Credit (or an amendment to a Letter of Credit increasing the amount thereof) and without any further
action on the part of the Issuing Bank or the Revolving Lenders, the Issuing Bank hereby grants to each Revolving Lender, and each
Revolving Lender hereby acquires from the Issuing Bank, a participation in such Letter of Credit equal to such Lender’s
Applicable Percentage of the aggregate amount available to be drawn under such Letter of Credit. In consideration and in furtherance
of the foregoing, each Revolving Lender hereby absolutely and unconditionally agrees to pay to the Administrative Agent, for the
account of the Issuing Bank, such Lender’s Applicable Percentage of each LC Disbursement made by the Issuing Bank and not
reimbursed by the Borrower on the date due as provided in paragraph (e) of this Section, or of any reimbursement payment required to
be refunded to the Borrower for any reason. Each Revolving Lender acknowledges and agrees that its obligation to acquire
participations pursuant to this paragraph in respect of Letters of Credit is absolute and unconditional and shall not be affected by
any circumstance whatsoever, including any amendment, renewal or extension of any Letter of Credit or the occurrence and continuance
of a Default or reduction or termination of the Commitments, and that each such payment shall be made without any offset, abatement,
withholding or reduction whatsoever.

 

(e)               
Reimbursement. If the Issuing Bank shall make any LC Disbursement in respect of a Letter of Credit, the Borrower shall reimburse
such LC Disbursement by paying to the Administrative Agent an amount equal to such LC Disbursement not later than noon, New York time,
on (i) the Business Day that the Borrower receives notice of such LC Disbursement, if such notice is received prior to 10:00 a.m., New
York time, on the day of receipt, or (ii) the Business Day immediately following the day that the Borrower receives such notice, if such
notice is received after 10:00 a.m., New York time, on the day of receipt; provided that, the Borrower may, subject to the conditions
to borrowing set forth herein, request in accordance with Section 2.03 or 2.05 that such payment be financed with an ABR Revolving Borrowing
or Swingline Loan in an equivalent amount and, to the extent so financed, the Borrower’s obligation to make such payment shall
be discharged and replaced by the resulting ABR Revolving Borrowing or Swingline Loan. If the Borrower fails to make or otherwise discharge
such payment when due, the Administrative Agent shall notify each Revolving Lender of the applicable LC Disbursement, the payment then
due from the Borrower in respect thereof, and such Lender’s Applicable Percentage thereof. Promptly following receipt of such notice,
each Revolving Lender shall pay to the Administrative Agent its Applicable Percentage of the payment then due from the Borrower, in the
same manner as provided in Section 2.07 with respect to Loans made by such Lender (and Section 2.07 shall apply, mutatis mutandis,
to the payment obligations of the Revolving Lenders), and the Administrative Agent shall promptly pay to the Issuing Bank the amounts
so received by it from the Revolving Lenders. Promptly following receipt by the Administrative Agent of any payment from the Borrower
pursuant to this paragraph, the Administrative Agent shall distribute such payment to the Issuing Bank or, to the extent that Revolving
Lenders have made payments pursuant to this paragraph to reimburse the Issuing Bank, then to such Lenders and the Issuing Bank, as their
interests may appear. Any payment made by a Revolving Lender pursuant to this paragraph to reimburse the Issuing Bank for any LC Disbursement
(other than the funding of ABR Revolving Loans or a Swingline Loan as contemplated above) shall not constitute a Loan and shall not relieve
the Borrower of its obligation to reimburse such LC Disbursement.

 

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(f)                 Obligations
Absolute. The Borrower’s obligation to reimburse LC Disbursements as provided in paragraph (e) of this Section shall be
absolute, unconditional and irrevocable, and shall be performed strictly in accordance with the terms of this Agreement under any
and all circumstances whatsoever and irrespective of (i) any lack of validity or enforceability of any Letter of Credit or this
Agreement, or any term or provision therein or herein, (ii) any draft or other document presented under a Letter of Credit proving
to be forged, fraudulent or invalid in any respect or any statement therein being untrue or inaccurate in any respect, (iii) any
payment by the Issuing Bank under a Letter of Credit against presentation of a draft or other document that does not comply with the
terms of such Letter of Credit, or (iv)   any other event or circumstance whatsoever, whether or not similar to any
of the foregoing, that might, but for the provisions of this Section, constitute a legal or equitable discharge of, or provide a
right of setoff against, the Borrower’s obligations hereunder. None of the Administrative Agent, the Revolving Lenders or the
Issuing Bank, or any of their Related Parties, shall have any liability or responsibility by reason of or in connection with the
issuance or transfer of any Letter of Credit, or any payment or failure to make any payment thereunder (irrespective of any of the
circumstances referred to in the preceding sentence), or any error, omission, interruption, loss or delay in transmission or
delivery of any draft, notice or other communication under or relating to any Letter of Credit (including any document required to
make a drawing thereunder), any error in interpretation of technical terms or any consequence arising from causes beyond the control
of the Issuing Bank; provided that the foregoing shall not be construed to excuse the Issuing Bank from liability to the
Borrower to the extent of any direct damages (as opposed to special, indirect, consequential or punitive damages, claims in respect
of which are hereby waived by the Borrower to the extent permitted by applicable law) suffered by the Borrower that are caused by
the Issuing Bank’s failure to exercise care when determining whether drafts and other documents presented under a Letter of
Credit comply with the terms thereof. The parties hereto expressly agree that, in the absence of gross negligence or willful
misconduct on the part of the Issuing Bank (as finally determined by a court of competent jurisdiction), the Issuing Bank shall be
deemed to have exercised care in each such determination. In furtherance of the foregoing and without limiting the generality
thereof, the parties agree that, with respect to documents presented which appear on their face to be in substantial compliance with
the terms of a Letter of Credit, the Issuing Bank may, in its sole discretion, either accept and make payment upon such documents
without responsibility for further investigation, regardless of any notice or information to the contrary, or refuse to accept and
make payment upon such documents if such documents are not in strict compliance with the terms of such Letter of Credit.

 

(g)               
Disbursement Procedures. The Issuing Bank shall, promptly following its receipt thereof, examine all documents purporting to represent
a demand for payment under a Letter of Credit. The Issuing Bank shall promptly notify the Administrative Agent and the Borrower by telephone
(confirmed by fax or through Electronic System) or through Electronic System of such demand for payment and whether the Issuing Bank
has made or will make an LC Disbursement thereunder; provided that any failure to give or delay in giving such notice shall not
relieve the Borrower of its obligation to reimburse the Issuing Bank and the Revolving Lenders with respect to any such LC Disbursement.

 

(h)               
Interim Interest. If the Issuing Bank shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement
in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the
date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum
then applicable to ABR Revolving Loans and such interest shall be due and payable on the date when such reimbursement is due; provided
that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.13(c)
shall apply. Interest accrued pursuant to this paragraph shall be for the account of the Issuing Bank, except that interest accrued on
and after the date of payment by any Revolving Lender pursuant to paragraph (e) of this Section to reimburse the Issuing Bank shall be
for the account of such Lender to the extent of such payment. 

 

		(i)	Replacement
                                            of the Issuing Bank.

 

(i)
The Issuing Bank may be replaced at any time by written agreement among the Borrower, the Administrative Agent, the replaced Issuing
Bank and the successor Issuing Bank. The Administrative Agent shall notify the Revolving Lenders of any such replacement of the
Issuing Bank. At the time any such replacement shall become effective, the Borrower shall pay all unpaid fees accrued for the
account of the replaced Issuing Bank pursuant to Section 2.12(b). From and after the effective date of any such replacement, (i) the
successor Issuing Bank shall have all the rights and obligations of the Issuing Bank under this Agreement with respect to Letters of
Credit to be issued thereafter and (ii) references herein to the term “Issuing Bank” shall be deemed to refer to such
successor or to any previous Issuing Bank, or to such successor and all previous Issuing Banks, as the context shall require. After
the replacement of an Issuing Bank hereunder, the replaced Issuing Bank shall remain a party hereto and shall continue to have all
the rights and obligations of an Issuing Bank under this Agreement with respect to Letters of Credit then outstanding and
issued by it prior to such replacement, but shall not be required to issue additional Letters of Credit.

 

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(ii)                
Subject to the appointment and acceptance of a successor Issuing Bank, the Issuing Bank may resign as an Issuing Bank at any time upon
thirty days’ prior written notice to the Administrative Agent, the Borrower and the Lenders, in which case, such Issuing Bank shall
be replaced in accordance with Section 2.06(i) above.

 

(j)                 
Cash Collateralization. If any Event of Default shall occur and be continuing, on the Business Day that the Borrower receives
notice from the Administrative Agent or the Required Lenders (or, if the maturity of the Loans has been accelerated, Revolving Lenders
with LC Exposure representing greater than 50% of the aggregate LC Exposure) demanding the deposit of cash collateral pursuant to this
paragraph, the Borrower shall deposit in an account with the Administrative Agent, in the name of the Administrative Agent and for the
benefit of the Revolving Lenders (the “LC Collateral Account”), an amount in cash equal to 105% of the amount of the
LC Exposure as of such date plus accrued and unpaid interest thereon; provided that the obligation to deposit such cash collateral
shall become effective immediately, and such deposit shall become immediately due and payable, without demand or other notice of any
kind, upon the occurrence of any Event of Default with respect to the Borrower described in clause (h) or (i) of Article VII. The Borrower
also shall deposit cash collateral in accordance with this paragraph as and to the extent required by Section 2.11(b) or 2.20. Each such
deposit shall be held by the Administrative Agent as collateral for the payment and performance of the Secured Obligations. The Administrative
Agent shall have exclusive dominion and control, including the exclusive right of withdrawal, over the LC Collateral Account and the
Borrower hereby grants the Administrative Agent a security interest in the LC Collateral Account and all moneys or other assets on deposit
therein or credited thereto. Other than any interest earned on the investment of such deposits, which investments shall be made at the
option and sole discretion of the Administrative Agent and at the Borrower’s risk and expense, such deposits shall not bear interest.
Interest or profits, if any, on such investments shall accumulate in such account. Moneys in such account shall be applied by the Administrative
Agent to reimburse the Issuing Bank for LC Disbursements for which it has not been reimbursed and, to the extent not so applied, shall
be held for the satisfaction of the reimbursement obligations of the Borrower for the LC Exposure at such time or, if the maturity of
the Loans has been accelerated (but subject to the consent of Revolving Lenders with LC Exposure representing greater than 50% of the
aggregate LC Exposure), be applied to satisfy other Secured Obligations. If the Borrower is required to provide an amount of cash collateral
hereunder as a result of the occurrence of an Event of Default, such amount (to the extent not applied as aforesaid) shall be returned
to the Borrower within three (3) Business Days after all such Events of Default have been cured or waived as confirmed in writing by
the Administrative Agent. If the Borrower is required to provide an amount of cash collateral hereunder pursuant to Section 2.11(b),
such amount (to the extent not applied as aforesaid) shall be returned to the Borrower as and to the extent that, after giving effect
to such return, the aggregate Revolving Exposures would not exceed the aggregate Revolving Commitments and no Default shall have occurred
and be continuing. 

 

(k)                Issuing
Bank Reports to the Administrative Agent. Unless otherwise agreed by the Administrative Agent, each Issuing Bank shall, in
addition to its notification obligations set forth elsewhere in this Section, report in writing to the Administrative Agent (i)
periodic activity (for such period or recurrent periods as shall be requested by the Administrative Agent) in respect of Letters of
Credit issued by such Issuing Bank, including all issuances, extensions, amendments and renewals, all expirations and cancelations
and all disbursements and reimbursements, (ii) reasonably prior to the time that such Issuing Bank issues, amends, renews or extends
any Letter of Credit, the date of such issuance, amendment, renewal or extension, and the stated amount of the Letters of Credit
issued, amended, renewed or extended by it and outstanding after giving effect to such issuance, amendment, renewal or extension
(and whether the amounts thereof shall have changed), (iii) on each Business Day on which such Issuing Bank makes any LC
Disbursement, the date and amount of such LC Disbursement, (iv) on any Business Day on which the Borrower fails to reimburse an LC
Disbursement required to be reimbursed to such Issuing Bank on such day, the date of such failure and the amount of such LC
Disbursement, and (v) on any other Business Day, such other information as the Administrative Agent shall reasonably request as to
the Letters of Credit issued by such Issuing Bank.

 

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(l)                 
LC Exposure Determination. For all purposes of this Agreement, the amount of a Letter of Credit that, by its terms or the terms
of any document related thereto, provides for one or more automatic increases in the stated amount thereof shall be deemed to be the
maximum stated amount of such Letter of Credit after giving effect to all such increases, whether or not such maximum stated amount is
in effect at the time of determination.

 

(m)               
Existing Letters of Credit. Each Letters of Credit existing on the Restatement Date and set forth on Schedule 2.06(m) (each, an
 “Existing Letter of Credit”) shall constitute a Letter of Credit issued and outstanding under this Agreement (only
to the extent that the lender issuing such Letter of Credit is a Lender hereunder) and the Lender issuing such Existing Letter of Credit
shall be an Issuing Bank with respect thereto.

 

SECTION
2.07. Funding of Borrowings.

 

(a)               
Each Lender shall make each Loan to be made by such Lender hereunder on the proposed date thereof solely by wire transfer of immediately
available funds by 3:00 p.m., New York time, to the account of the Administrative Agent most recently designated by it for such purpose
by notice to the Lenders in an amount equal to such Lender’s Applicable Percentage; provided that Term Loans shall be made
as provided in Sections 2.01(b) and 2.02(b) and Swingline Loans shall be made as provided in Section 2.05. The Administrative Agent will
make such Loans available to the Borrower by promptly crediting the funds so received in the aforesaid account of the Administrative
Agent to the Funding Account(s); provided that ABR Revolving Loans made to finance the reimbursement of an LC Disbursement as
provided in Section 2.06(e) shall be remitted by the Administrative Agent to the Issuing Bank.

 

(b)               
Unless the Administrative Agent shall have received notice from a Lender prior to the proposed date of any Borrowing that such Lender
will not make available to the Administrative Agent such Lender’s share of such Borrowing, the Administrative Agent may assume
that such Lender has made such share available on such date in accordance with paragraph (a) of this Section and may, in reliance upon
such assumption, make available to the Borrower a corresponding amount. In such event, if a Lender has not in fact made its share of
the applicable Borrowing available to the Administrative Agent, then the applicable Lender and the Borrower severally agree to pay to
the Administrative Agent forthwith on demand such corresponding amount with interest thereon, for each day from and including the date
such amount is made available to the Borrower to but excluding the date of payment to the Administrative Agent, at (i) in the case of
such Lender, the greater of the Federal Funds Effective Rate and a rate determined by the Administrative Agent in accordance with banking
industry rules on interbank compensation or (ii) in the case of the Borrower, the interest rate applicable to ABR Revolving Loans. If
such Lender pays such amount to the Administrative Agent, then such amount shall constitute such Lender’s Loan included in such
Borrowing.

 

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SECTION
2.08. Interest Elections.

 

(a)               
Each Borrowing initially shall be of the Type specified in the applicable Borrowing Request and, in the case of a Eurodollar
Borrowing, shall have an initial Interest Period as specified in such Borrowing Request. Thereafter, the Borrower may elect
to convert such Borrowing to a different Type or to continue such Borrowing and, in the case of a Eurodollar Borrowing, may elect
Interest Periods therefor, all as provided in this Section. The Borrower may elect different options with respect to different
portions of the affected Borrowing, in which case each such portion shall be allocated ratably among the Lenders holding the Loans
comprising such Borrowing, and the Loans comprising each such portion shall be considered a separate Borrowing. This Section shall
not apply to Swingline Borrowings, which may not be converted or continued.

 

(b)               
To make an election pursuant to this Section, the Borrower shall notify the Administrative Agent of such election by telephone or through
Electronic System, if arrangements for doing so have been approved by the Administrative Agent, by the time that a Borrowing Request
would be required under Section 2.03 if the Borrower were requesting a Borrowing of the Type resulting from such election to be made
on the effective date of such election. Each such telephonic Interest Election Request shall be irrevocable and shall be confirmed promptly
by hand delivery, Electronic System or fax to the Administrative Agent of a written Interest Election Request in a form approved by the
Administrative Agent and signed by the Borrower.

 

(c)                
Each telephonic and written Interest Election Request (including requests submitted through Electronic System) shall specify the following
information in compliance with Section 2.02:

 

(i)                 
the Borrowing to which such Interest Election Request applies and, if different options are being elected with respect to different portions
thereof, the portions thereof to be allocated to each resulting Borrowing (in which case the information to be specified pursuant to
clauses (iii) and (iv) below shall be specified for each resulting Borrowing);

 

(ii)                
the effective date of the election made pursuant to such Interest Election Request, which shall be a Business Day;

 

(iii)
                whether the resulting Borrowing is to be an
ABR Borrowing or a Eurodollar Borrowing; and

 

(iv)             
if the resulting Borrowing is a Eurodollar Borrowing, the Interest Period to be applicable thereto after giving effect to such election,
which shall be a period contemplated by the definition of the term “Interest Period”.

 

If
any such Interest Election Request requests a Eurodollar Borrowing but does not specify an Interest Period, then the Borrower shall be
deemed to have selected an Interest Period of one month’s duration.

 

(d)               
Promptly following receipt of an Interest Election Request, the Administrative Agent shall advise each Lender of the applicable Class
of the details thereof and of such Lender’s portion of each resulting Borrowing.

 

(e)               
If the Borrower fails to deliver a timely Interest Election Request with respect to a Eurodollar Borrowing prior to the end of the Interest
Period applicable thereto, then, unless such Borrowing is repaid as provided herein, at the end of such Interest Period such Borrowing
shall be converted to an ABR Borrowing. Notwithstanding any contrary provision hereof, if an Event of Default has occurred and is continuing
and the Administrative Agent, at the request of the Required Lenders, so notifies the Borrower, then, so long as an Event of Default
is continuing (i) no outstanding Borrowing may be converted to or continued as a Eurodollar Borrowing and (ii) unless repaid, each Eurodollar
Borrowing shall be converted to an ABR Borrowing at the end of the Interest Period applicable thereto.

 

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SECTION
2.09. Termination and Reduction of Commitments; Increase in Revolving Commitments; Increase in Term Commitments.

 

(a)                
Unless previously terminated, (i) the Term Commitments shall terminate at 5:00 p.m., New York time, on the Restatement Date and (ii)
all the Revolving Commitments shall terminate on the Revolving Credit Maturity Date.

 

(b)               
The Borrower may at any time terminate the Revolving Commitments upon (i) the payment in full of all outstanding Revolving Loans and
LC Disbursements, together with accrued and unpaid interest thereon, (ii) the cancellation and return of all outstanding Letters of Credit
(or alternatively, with respect to each such Letter of Credit, the furnishing to the Administrative Agent of a cash deposit (or at the
discretion of the Administrative Agent a backup standby letter of credit satisfactory to the Administrative Agent and the Issuing Bank)
in an amount equal to 105% of the LC Exposure as of such date), (iii) the payment in full of the accrued and unpaid fees, and (iv) the
payment in full of all reimbursable expenses and other Obligations together with accrued and unpaid interest thereon.

 

(c)               
The Borrower may from time to time reduce the Revolving Commitments; provided that (i) each reduction of the Revolving Commitments
shall be in an amount that is an integral multiple of $5,000,000 and not less than $5,000,000 and (ii) the Borrower shall not terminate
or reduce the Revolving Commitments if, after giving effect to any concurrent prepayment of the Revolving Loans in accordance with Section
2.11, the Aggregate Revolving Exposure would exceed the aggregate Revolving Commitments.

 

(d)               
The Borrower shall notify the Administrative Agent of any election to terminate or reduce the Revolving Commitments under paragraph (b)
or (c) of this Section at least five (5) Business Days prior to the effective date of such termination or reduction, specifying such
election and the effective date thereof. Promptly following receipt of any notice, the Administrative Agent shall advise the Lenders
of the contents thereof. Each notice delivered by the Borrower pursuant to this Section shall be irrevocable; provided that a
notice of termination of the Revolving Commitments delivered by the Borrower may state that such notice is conditioned upon the effectiveness
of other credit facilities, in which case such notice may be revoked by the Borrower (by notice to the Administrative Agent on or prior
to the specified effective date) if such condition is not satisfied. Any termination or reduction of the Revolving Commitments shall
be permanent. Each reduction of the Commitments shall be made ratably among the Lenders in accordance with their respective Revolving
Commitments.

 

(e)               
The Borrower shall have the right to increase (i) the Revolving Commitments by obtaining additional Revolving Commitments, either
from one or more of the Lenders or another lending institution, provided that (A) any such request for an increase shall be in a
minimum amount of $10,000,000, (B)  the Borrower may make a maximum of, together with any requests for increases in the Term
Loans in accordance with clause (ii) below, 3 such requests, (C) after giving effect thereto, the sum of the total of the additional
Commitments pursuant to this clause (i) and clause (ii) below does not exceed $50,000,000, (D)   the Administrative
Agent, the Swingline Lender and the Issuing Bank have approved the identity of any such new Lender, such approvals not to be
unreasonably withheld, (E) any such new Lender assumes all of the rights and obligations of a “Lender” hereunder, and
(F) the procedures described in Section 2.09(f) below have been satisfied and (ii) the Term Loan by obtaining additional Term
Commitments, either from one or more of the Lenders or another lending institution, provided that (A) any such request to increase
the Term Loan shall be in a minimum amount of $10,000,000, (B) the Borrower may make a maximum of, together with any requests for
increases in the Revolving Commitments pursuant to clause (i) above, 3 such requests, (C) after giving effect thereto, the sum of
the total of the additional Commitments pursuant to this clause (ii) and clause (i) above does not exceed $50,000,000, (D) the
Administrative Agent has approved the identity of any such new Lender, such approval not to be unreasonably withheld, (E) any such
new Lender assumes all of the rights and obligations of a “Lender” hereunder, and (F) the procedures described in
Section 2.09(f) below have been satisfied. Nothing contained in this Section 2.09 shall constitute, or otherwise be deemed to be, a
commitment on the part of any Lender to increase its applicable Commitment hereunder at any time.

 

    - 50 -

     

    

 

(f)                
Any amendment hereto for such an increase or addition shall be in form and substance satisfactory to the Administrative Agent and shall
only require the written signatures of the Administrative Agent, the Borrower and each Lender being added or increasing its Revolving
Commitment or Term Loan, as applicable. As a condition precedent to such an increase or addition, the Borrower shall deliver to the Administrative
Agent (i) a certificate of each Loan Party signed by an authorized officer of such Loan Party (A) certifying and attaching the resolutions
adopted by such Loan Party approving or consenting to such increase, and (B) in the case of the Borrower, certifying that, before and
after giving effect to such increase or addition, (1) the representations and warranties contained in Article III and the other Loan
Documents are true and correct, except to the extent that such representations and warranties specifically refer to an earlier date,
in which case they are true and correct as of such earlier date, (2) no Default exists and (3) the Borrower is in compliance (on a pro
forma basis) with the covenants contained in Section 6.12 and (ii) legal opinions and documents consistent with those delivered on the
Restatement Date, to the extent reasonably requested by the Administrative Agent.

 

(g)               
On the effective date of any such increase or addition (i) with respect to Revolving Commitments, (A) any Lender increasing (or, in the
case of any newly added Lender, extending) its Revolving Commitment shall make available to the Administrative Agent such amounts in
immediately available funds as the Administrative Agent shall determine, for the benefit of the other Lenders, as being required in order
to cause, after giving effect to such increase or addition and the use of such amounts to make payments to such other Lenders, each Lender’s
portion of the outstanding Revolving Loans of all the Lenders to equal its revised Applicable Percentage of such outstanding Revolving
Loans, and the Administrative Agent shall make such other adjustments among the Lenders with respect to the Revolving Loans then outstanding
and amounts of principal, interest, commitment fees and other amounts paid or payable with respect thereto as shall be necessary, in
the opinion of the Administrative Agent, in order to effect such reallocation and (B) the Borrower shall be deemed to have repaid and
reborrowed all outstanding Revolving Loans as of the date of any increase (or addition) in the Revolving Commitments (with such reborrowing
to consist of the Types of Revolving Loans, with related Interest Periods if applicable, specified in a notice delivered by the Borrower,
in accordance with the requirements of Section 2.03) and (ii)   with respect to the Term Loan, any Lender increasing
(or, in the case of any newly added Lender, extending its Term Commitment) its Term Loan shall make a Term Loan to the Borrower in the
amount of such increase or extension in immediately available funds. The deemed payments made pursuant to clause (B) of clause (i) of
the immediately preceding sentence shall be accompanied by payment of all accrued interest on the amount prepaid and, in respect of each
Eurodollar Loan, shall be subject to indemnification by the Borrower pursuant to the provisions of Section 2.16 if the deemed payment
occurs other than on the last day of the related Interest Periods. Within five (5) Business Days after the effective date of any increase
or addition, the Administrative Agent shall, and is hereby authorized and directed to, revise the Commitment Schedule to reflect such
increase or addition and shall distribute such revised Commitment Schedule to each of the Lenders and the Borrower, whereupon such revised
Commitment Schedule shall replace the old Commitment Schedule and become part of this Agreement.

 

SECTION
2.10. Repayment and Amortization of Loans; Evidence of Debt.

 

(a)                
The Borrower hereby unconditionally promises to pay (i) to the Administrative Agent for the account of each Revolving Lender the
then unpaid principal amount of each Revolving Loan on the Revolving Credit Maturity Date, and (ii) to the Swingline Lender the then
unpaid principal amount of each Swingline Loan on the earlier of the Revolving Credit Maturity Date and the fifth Business Day after
such Swingline Loan is made; provided that on each date that a Revolving Loan is made, the Borrower shall repay all Swingline
Loans then outstanding and the proceeds of any such Revolving Loan shall be applied by the Administrative Agent to repay any
Swingline Loans outstanding.

 

    - 51 -

     

    

 

(b)                
The Borrower hereby unconditionally promises to pay to the Administrative Agent for the account of each Term Lender on each date set
forth below the aggregate principal amount set forth opposite such date (as adjusted from time to time pursuant to Section 2.11(e) or
2.18(b)):

 

	Date	 	Amount	 
	March
    31, 2022	 	$	3,125,000	 
	June
    30, 2022	 	$	3,125,000	 
	September
    30, 2022	 	$	3,125,000	 
	December
    31, 2022	 	$	3,125,000	 
	March
    31, 2023	 	$	4,687,500	 
	June
    30, 2023	 	$	4,687,500	 
	September
    30, 2023	 	$	4,687,500	 
	December
    31, 2023	 	$	4,687,500	 
	March
    31, 2024	 	$	4,687,500	 
	June
    30, 2024	 	$	4,687,500	 
	September
    30, 2024	 	$	4,687,500	 
	December
    31, 2024	 	$	4,687,500	 
	March
    31, 2025	 	$	6,250,000	 
	June
    30, 2025	 	$	6,250,000	 
	September
    30, 2025	 	$	6,250,000	 
	Term
    Maturity Date	 	 	The
                                            entire unpaid 

                                            principal amount of all

                                            Term Loans	 

 

;
provided if any date set forth above is not a Business Day, then payment shall be due and payable on the Business Day immediately preceding
such date. To the extent not previously paid, all unpaid Term Loans shall be paid in full in cash by the Borrower on the Term Maturity
Date.

 

(c)               
The Borrower hereby unconditionally promises to pay to the Administrative Agent for the account of each Term Lender, on the last day
of each fiscal quarter following the addition of new Term Loans pursuant to Section 2.09(e) (each, a “ New Term Loan”),
an amount equal to the applicable percentage of the aggregate amount of such New Term Loan made pursuant to Section 2.09(e) if then outstanding,
set forth opposite such date (as adjusted from time to time pursuant to Section 2.11(e) or 2.18(b)):

 

	Date	 	Amount	 
	March 31, 2022	 	 	1.25	%
	June 30, 2022	 	 	1.25	%
	September 30, 2022	 	 	1.25	%
	December 31, 2022	 	 	1.25	%
	March 31, 2023	 	 	1.875	%
	June 30, 2023	 	 	1.875	%
	September 30, 2023	 	 	1.875	%
	December 31, 2023	 	 	1.875	%
	March 31, 2024	 	 	1.875	%
	June 30, 2024	 	 	1.875	%

 

    - 52 -

     

    

 

	Date	 	Amount	 
	September
    30, 2024	 	 	1.875	%
	December
    31, 2024	 	 	1.875	%
	March
    31, 2025	 	 	2.50	%
	June
    30, 2025	 	 	2.50	%
	September
    30, 2025	 	 	2.50	%
	Term
    Maturity Date	 	 	The
                                            entire unpaid
 principal amount of
 New Term Loans	 

 

;
provided if any date set forth above is not a Business Day, then payment shall be due and payable on the Business Day immediately preceding
such date. To the extent not previously paid, the remaining unpaid balance of the New Term Loans shall be paid in full in cash by the
Borrower on the Term Maturity Date.

 

(d)               
Prior to any repayment of any Term Loan Borrowings of any Class under this Section, the Borrower shall select the Borrowing or Borrowings
of the applicable Class to be repaid and shall notify the Administrative Agent by telephone (confirmed by fax) of such selection not
later than 11:00 a.m., New York time, three (3) Business Days before the scheduled date of such repayment. Each repayment of a Term Loan
Borrowing shall be applied ratably (based upon the original principal amount of such Term Loan at the time such Term Loan was initially
advanced) to the Loans included in the repaid Term Loan Borrowing. Repayments of Term Loan Borrowings shall be accompanied by accrued
interest on the amounts repaid.

 

(e)               
Each Lender shall maintain in accordance with its usual practice an account or accounts evidencing the Indebtedness of the Borrower to
such Lender resulting from each Loan made by such Lender, including the amounts of principal and interest payable and paid to such Lender
from time to time hereunder.

 

(f)                
The Administrative Agent shall maintain accounts in which it shall record (i) the amount of each Loan made hereunder, the Class and Type
thereof and the Interest Period applicable thereto, if any, (ii) the amount of any principal or interest due and payable or to become
due and payable from the Borrower to each Lender hereunder and (iii) the amount of any sum received by the Administrative Agent hereunder
for the account of the Lenders and each Lender’s share thereof.

 

(g)               
The entries made in the accounts maintained pursuant to paragraph (e) or (f) of this Section shall be prima facie evidence of
the existence and amounts of the obligations recorded therein; provided that the failure of any Lender or the Administrative Agent
to maintain such accounts or any error therein shall not in any manner affect the obligation of the Borrower to repay the Loans in accordance
with the terms of this Agreement.

 

(h)               
Any Lender may request that Loans made by it be evidenced by a promissory note. In such event, the Borrower shall prepare, execute and
deliver to Administrative Agent (and Administrative Agent shall promptly deliver to such Lender) a promissory note payable to such Lender
(or, if requested by such Lender, to such Lender and its registered assigns) and in a form approved by the Administrative Agent and the
Borrower. Thereafter, unless otherwise requested by the applicable Lender, the Loans evidenced by such promissory note and interest thereon
shall at all times (including after assignment pursuant to Section 9.04) be represented by one or more promissory notes in such form.

 

    - 53 -

     

    

 

SECTION
2.11. Prepayment of Loans.

 

(a)           
      The Borrower shall have the right at any time and from time to time to prepay any Borrowing in whole or in
part, without premium or penalty and subject to prior notice in accordance with paragraph (e) of this Section and, if applicable,
payment of any break funding expenses under Section 2.16. 

 

(b)               
In the event and on such occasion that the Aggregate Revolving Exposure exceeds the aggregate Revolving Commitments, the Borrower shall
prepay the Revolving Loans, LC Exposure and/or Swingline Loans (or, if no such Borrowings are outstanding, deposit cash collateral in
the LC Collateral Account in an aggregate amount equal to such excess, in accordance with Section 2.06(j)). 

 

(c)               
In the event and on each occasion that any Net Proceeds are received by or on behalf of any Loan Party or any Subsidiary in respect of
any Prepayment Event, the Borrower shall, immediately after such Net Proceeds are received by any Loan Party or Subsidiary, prepay the
Obligations and cash collateralize the LC Exposure as set forth in Section 2.11(d) below in an aggregate amount equal to 100% of such
Net Proceeds, provided that, in the case of any event described in clause (a) or (b) of the definition of the term “Prepayment
Event”, if the Borrower shall deliver to the Administrative Agent a certificate of a Financial Officer to the effect that the Loan
Parties intend to apply the Net Proceeds from such event (or a portion thereof specified in such certificate), within 180 days after
receipt of such Net Proceeds, to acquire (or replace or rebuild) real property, equipment or other tangible assets (excluding inventory)
to be used in the business of the Loan Parties, and certifying that no Event of Default has occurred and is continuing, then no prepayment
shall be required pursuant to this paragraph in respect of the Net Proceeds specified in such certificate, provided that to the extent
of any such Net Proceeds that have not been so applied by the end of such 180-day period, a prepayment shall be required at such time
in an amount equal to such Net Proceeds that have not been so applied.

 

(d)               
Until the latest of the Revolving Credit Maturity Date or the Term Maturity Date, as the case may be, the Borrower shall prepay the Obligations
as set forth in Section 2.11(e) below on the date that is ten days after the earlier of (i) the Administrative Agent’s receipt
of the financial statements required to be delivered pursuant to Section 5.01(a) and (ii) the date on which such financial statements
are due, commencing with the financial statements required to be delivered for the fiscal year ended December 31, 2021 (and any obligation
to make such payment pursuant to the Existing Credit Agreement for the fiscal year ended December 31, 2020 is hereby waived), in an aggregate
amount (an “Excess Cash Flow Prepayment Amount”) at least equal to the percentage of the Excess Cash Flow (the “Excess
Cash Flow Percentage”) for such fiscal year less the aggregate amount of voluntary principal payments of the Loans since the
beginning of such fiscal year not previously so deducted (such voluntary prepayments shall not include (A) prepayments of Swingline Loans
and Revolving Loans unless accompanied by a corresponding permanent reduction in the Revolving Commitments and (B) prepayments of the
Loans funded with the proceeds of Indebtedness), computed in accordance with the table set forth below based on the Total Leverage Ratio
as of the end of such fiscal year, with such amount to be applied as set forth in clause (e) below:

 

	Total Leverage Ratio	 	Percentage of Excess Cash Flow	 
	Greater than 1.50 to 1.00	 	 	50	%
	Less than or equal to 1.50 to 1.00	 	 	0	%

 

provided,
however, that after the Merger Effective Date, the Excess Cash Flow Percentage shall be computed in accordance with the table set forth
below based on the Senior Secured Leverage Ratio:

 

	Senior Secured Leverage Ratio	 	Percentage of Excess Cash Flow	 
	Greater than 2.75 to 1.00	 	 	50	%
	Less than or equal to 2.75 to 1.00 but	 	 	25	%
	Greater than 1.50 to 1.00	 	 	 	 
	Less than or equal to 1.50 to 1.00	 	 	0	%

 

    - 54 -

     

    

 

Each
Excess Cash Flow prepayment shall be accompanied by a certificate signed by a Financial Officer certifying the manner in which Excess
Cash Flow and the resulting prepayment were calculated, which certificate shall be in form and substance satisfactory to Administrative
Agent.

 

(e)               
All prepayments required to be made pursuant to Section 2.11(c) or (d) shall be applied, first to prepay the Term Loans (and in
the event Term Loans of more than one Class shall be outstanding at the time, shall be allocated among the Term Loans pro rata based
on the aggregate principal amounts of outstanding Term Loans of each such Class) as so allocated, and shall be applied to reduce the
next four installments of Term Loans of each Class to be made pursuant to Section 2.10 in direct order of maturity, second to
reduce the subsequent scheduled repayments of Term Loans of each Class to be made pursuant to Section 2.10 ratably based on the amount
of such scheduled repayments and third to prepay the Revolving Loans (including Swingline Loans) without a corresponding reduction
in the Revolving Commitments and fourth to cash collateralize outstanding LC Exposure; provided that all prepayments required
to be made pursuant to Section 2.11(c) with respect to Net Proceeds arising from any casualty or other insured damage to, or any taking
under power of eminent domain or by condemnation or similar proceeding, to the extent they arise from casualties or losses to cash or
Inventory shall be applied, first, to prepay the Revolving Loans (including Swingline Loans) without a corresponding reduction in the
Revolving Commitments and second, to cash collateralize outstanding LC Exposure, and third, to prepay the Term Loans (allocated and applied
to subsequent scheduled repayments as set forth above). 

 

(f)                
The Borrower shall notify the Administrative Agent (and, in the case of prepayment of a Swingline Loan, the Swingline Lender) by telephone
(confirmed by fax or through Electronic System), if arrangements for doing so have been approved by the Administrative Agent or through
Electronic System, of any prepayment under this Section: (i) in the case of prepayment of a Eurodollar Borrowing, not later than 1:00
p.m., New York time, three (3) Business Days before the date of prepayment, (ii) in the case of prepayment of an ABR Borrowing, not later
than 1:00 p.m., New York time, one (1) Business Day before the date of prepayment or (iii) in the case of prepayment of a Swingline Loan,
not later than 11:00 a.m., New York time, on the date of prepayment. Each such notice shall be irrevocable and shall specify the prepayment
date and the principal amount of each Borrowing or portion thereof to be prepaid; provided that if a notice of prepayment is given
in connection with a conditional notice of termination of the Revolving Commitments as contemplated by Section 2.09, then such notice
of prepayment may be revoked if such notice of termination is revoked in accordance with Section 2.09. Promptly following receipt of
any such notice, the Administrative Agent shall advise the Lenders of the contents thereof. Each partial prepayment of any Revolving
Borrowing or Term Loan shall be in an amount that would be permitted in the case of an advance of a Borrowing of the same Type as provided
in Section 2.02, except as necessary to apply fully the required amount of a mandatory prepayment. Each prepayment of a Borrowing shall
be applied ratably to the Loans included in the prepaid Borrowing. Prepayments shall be accompanied by (i) accrued interest to the extent
required by Section 2.13 and (ii) break funding payments pursuant to Section 2.16.

 

SECTION
2.12. Fees.

 

(a)                
The Borrower agrees to pay to the Administrative Agent a commitment fee for the account of each Revolving Lender, which shall accrue
at the Applicable Rate on the daily amount of the undrawn portion of the Revolving Commitment of such Lender during the period from
and including the Restatement Date to but excluding the date on which the Lenders’ Revolving Commitments terminate; it being
understood that the LC Exposure of a Lender shall be included and the Swingline Exposure of a Lender shall be excluded in the
drawn portion of the Revolving Commitment of such Lender for purposes of calculating the commitment fee. Accrued commitment fees
shall be payable in arrears on the last day of March, June, September and December of each year and on the date on which the
Revolving Commitments terminate, commencing on the first such date to occur after the date hereof. All commitment fees shall be
computed on the basis of a year of 360 days and shall be payable for the actual number of days elapsed (including the first day but
excluding the last day).

 

    - 55 -

     

    

 

(b)               
The Borrower agrees to pay (i) to the Administrative Agent for the account of each Revolving Lender a participation fee with respect
to its participations in Letters of Credit, which shall accrue at the same Applicable Rate used to determine the interest rate applicable
to Eurodollar Revolving Loans on the daily amount of such Lender’s LC Exposure (excluding any portion thereof attributable to unreimbursed
LC Disbursements) during the period from and including the Restatement Date to but excluding the later of the date on which such Lender’s
Revolving Commitment terminates and the date on which such Lender ceases to have any LC Exposure, and (ii) to the Issuing Bank a fronting
fee, which shall accrue at the rate of 0.125% per annum on the daily amount of the LC Exposure attributable to Letters of Credit issued
by such Issuing Bank (excluding any portion thereof attributable to unreimbursed LC Disbursements) during the period from and including
the Restatement Date to but excluding the later of the date of termination of the Commitments and the date on which there ceases to be
any LC Exposure, as well as the Issuing Bank’s standard fees and commissions with respect to the issuance, amendment, cancellation,
negotiation, transfer, presentment, renewal or extension of any Letter of Credit or processing of drawings thereunder. Participation
fees and fronting fees accrued through and including the last day of March, June, September and December of each year shall be payable
on the third Business Day following such last day, commencing on the first such date to occur after the Restatement Date; provided that
all such fees shall be payable on the date on which the Revolving Commitments terminate and any such fees accruing after the date on
which the Revolving Commitments terminate shall be payable on demand. Any other fees payable to the Issuing Bank pursuant to this paragraph
shall be payable within ten (10) days after demand. All participation fees and fronting fees shall be computed on the basis of a year
of 360 days and shall be payable for the actual number of days elapsed (including the first day but excluding the last day). 

 

(c)               
The Borrower agrees to pay to the Administrative Agent, for its own account, fees payable in the amounts and at the times separately
agreed upon between the Borrower and the Administrative Agent.

 

(d)               
All fees payable hereunder shall be paid on the dates due, in immediately available funds, to the Administrative Agent (or to the Issuing
Bank, in the case of fees payable to it) for distribution, in the case of commitment fees and participation fees, to the Lenders entitled
thereto. Fees paid shall not be refundable under any circumstances.

 

SECTION
2.13. Interest.

 

(a)               
The Loans comprising each ABR Borrowing (including each Swingline Loan) shall bear interest at the Alternate Base Rate plus the Applicable
Rate.

 

(b)               
The Loans comprising each Eurodollar Borrowing shall bear interest at the Adjusted LIBO Rate for the Interest Period in effect for such
Borrowing plus the Applicable Rate.

 

(c)               
Notwithstanding the foregoing, during the occurrence and continuance of an Event of Default the Required Lenders may, at their
option, by notice to the Borrower (which notice may be revoked at the option of the Required Lenders notwithstanding any provision
of Section 9.02 requiring the consent of “each Lender affected thereby” for reductions in interest rates), declare that,
(i) all Loans shall bear interest at 2% plus the rate otherwise applicable to such Loans as provided in the preceding paragraphs of
this Section or (ii) in the case of any other amount outstanding hereunder, such amount shall accrue at 2% plus the rate applicable
to such fee or other obligation as provided hereunder (provided that upon the occurrence and continuance of an Event of Default
pursuant to clause (h) or (i) of Article VII the rate of interest on any Loans or other amounts shall automatically be increased as
provided in clauses (i) and (ii) above).

 

    - 56 -

     

    

 

(d)               
Accrued interest on each Loan (for ABR Loans, accrued through the last day of the prior calendar month) shall be payable in arrears on
each Interest Payment Date for such Loan and, in the case of Revolving Loans, upon termination of the Revolving Commitments; provided
that (i) interest accrued pursuant to paragraph (c) of this Section shall be payable on demand, (ii) in the event of any repayment
or prepayment of any Loan (other than a prepayment of an ABR Revolving Loan prior to the end of the Availability Period), accrued interest
on the principal amount repaid or prepaid shall be payable on the date of such repayment or prepayment and (iii) in the event of any
conversion of any Eurodollar Loan prior to the end of the current Interest Period therefor, accrued interest on such Loan shall be payable
on the effective date of such conversion.

 

(e)               
All interest hereunder shall be computed on the basis of a year of 360 days, except that interest computed by reference to the Alternate
Base Rate at times when the Alternate Base Rate is based on the Prime Rate shall be computed on the basis of a year of 365 days (or 366
days in a leap year), and in each case shall be payable for the actual number of days elapsed (including the first day but excluding
the last day). The applicable Alternate Base Rate, Adjusted LIBO Rate or LIBO Rate shall be determined by the Administrative Agent, and
such determination shall be conclusive absent manifest error. 

 

SECTION
2.14. Alternate Rate of Interest.

 

(a)                
Subject to clauses (c), (d), (e), (f), (g) and (h) of this Section 2.14, if prior to the commencement of any Interest Period for a Eurodollar
Borrowing:

 

(i)                
the Administrative Agent determines (which determination shall be conclusive and binding absent manifest error) that adequate and reasonable
means do not exist for ascertaining the Adjusted LIBO Rate or the LIBO Rate, as applicable (including, without limitation, by means of
an Interpolated Rate or because the LIBO Screen Rate is not available or published on a current basis) for such Interest Period; provided
that no Benchmark Transition Event shall have occurred at such time; or

 

(ii)              
the Administrative Agent is advised by the Required Lenders that the Adjusted LIBO Rate or the LIBO Rate, as applicable, for such Interest
Period will not adequately and fairly reflect the cost to such Lenders (or Lender) of making or maintaining their Loans (or its Loan)
included in such Borrowing for such Interest Period;

 

then
the Administrative Agent shall give notice thereof to the Borrower and the Lenders through Electronic System as provided in Section 9.01
as promptly as practicable thereafter and, until the Administrative Agent notifies the Borrower and the Lenders that the circumstances
giving rise to such notice no longer exist, (A) any Interest Election Request that requests the conversion of any Borrowing to, or continuation
of any Borrowing as, a Eurodollar Borrowing shall be ineffective and any such Eurodollar Borrowing shall be repaid or converted into
an ABR Borrowing on the last day of the then current Interest Period applicable thereto, and (B) if any Borrowing Request requests a
Eurodollar Borrowing, such Borrowing shall be made as an ABR Borrowing.

 

    - 57 -

     

    

 

(b)               
If any Lender determines that any Requirement of Law has made it unlawful, or if any Governmental Authority has asserted that it is
unlawful, for any Lender or its applicable lending office to make, maintain, fund or continue any Eurodollar Borrowing, or any
Governmental Authority has imposed material restrictions on the authority of such Lender to purchase or sell, or to take deposits
of, dollars in the London interbank market, then, on notice thereof by such Lender to the Borrower through the Administrative Agent,
any obligations of such Lender to make, maintain, fund or continue Eurodollar Loans or to convert ABR Borrowings to Eurodollar
Borrowings will be suspended until such Lender notifies the Administrative Agent and the Borrower that the circumstances giving rise
to such determination no longer exist. Upon receipt of such notice, the Borrower will upon demand from such Lender (with a copy to
the Administrative Agent), either convert or prepay all Eurodollar Borrowings of such Lender to ABR Borrowings, either on the last
day of the Interest Period therefor, if such Lender may lawfully continue to maintain such Eurodollar Borrowings to such day, or
immediately, if such Lender may not lawfully continue to maintain such Loans. Upon any such conversion or prepayment, the Borrower
will also pay accrued interest on the amount so converted or prepaid.

 

(c)               
Notwithstanding anything to the contrary herein or in any other Loan Document (and any Swap Agreement shall be deemed not to be a “Loan
Document” for purposes of this Section 2.14), if a Benchmark Transition Event or an Early Opt-in Election, as applicable, and its
related Benchmark Replacement Date have occurred prior to the Reference Time in respect of any setting of the then-current Benchmark,
then (x) if a Benchmark Replacement is determined in accordance with clause (1) or (2) of the definition of “Benchmark Replacement”
for such Benchmark Replacement Date, such Benchmark Replacement will replace such Benchmark for all purposes hereunder and under any
Loan Document in respect of such Benchmark setting and subsequent Benchmark settings without any amendment to, or further action or consent
of any other party to, this Agreement or any other Loan Document and (y) if a Benchmark Replacement is determined in accordance with
clause (3) of the definition of “Benchmark Replacement” for such Benchmark Replacement Date, such Benchmark Replacement will
replace such Benchmark for all purposes hereunder and under any Loan Document in respect of any Benchmark setting at or after 5:00 p.m.
(New York City time) on the fifth (5th) Business Day after the date notice of such Benchmark Replacement is provided to the Lenders without
any amendment to, or further action or consent of any other party to, this Agreement or any other Loan Document so long as the Administrative
Agent has not received, by such time, written notice of objection to such Benchmark Replacement from Lenders comprising the Required
Lenders.

 

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

 

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

 

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(f)                
The Administrative Agent will promptly notify the Borrower and the Lenders of (i) any occurrence of a Benchmark Transition
Event, a Term SOFR Transition Event or an Early Opt-in Election, as applicable, (ii) the implementation of any Benchmark
Replacement, (iii) the effectiveness of any Benchmark Replacement Conforming Changes, (iv) the removal or reinstatement of any tenor
of a Benchmark pursuant to clause (g) below and (v) the commencement or conclusion of any Benchmark Unavailability Period. Any
determination, decision or election that may be made by the Administrative Agent or, if applicable, any Lender (or group of Lenders)
pursuant to this Section 2.14, including any determination with respect to a tenor, rate or adjustment or of the occurrence or
non-occurrence of an event, circumstance or date and any decision to take or refrain from taking any action or any selection, will
be conclusive and binding absent manifest error and may be made in its or their sole discretion and without consent from any other
party to this Agreement or any other Loan Document, except, in each case, as expressly required pursuant to this Section 2.14.

 

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

 

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

 

SECTION
2.15. Increased Costs.

 

(a)                 If
any Change in Law shall:

 

(i)                 
impose, modify or deem applicable any reserve, special deposit, liquidity or similar requirement (including any compulsory loan requirement,
insurance charge or other assessment) against assets of, deposits with or for the account of, or credit extended by, any Lender (except
any such reserve requirement reflected in the Adjusted LIBO Rate) or the Issuing Bank; or 

 

(ii)                
impose on any Lender or the Issuing Bank or the London interbank market any other condition, cost or expense (other than Taxes) affecting
this Agreement or Loans made by such Lender or any Letter of Credit or participation therein; or

 

(iii)              
subject any Recipient to any Taxes (other than (A) Indemnified Taxes, (B) Taxes described in clauses (b) through (d) of the definition
of Excluded Taxes and (C) 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;

 

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and
the result of any of the foregoing shall be to increase the cost to such Lender or such other Recipient of making, continuing, converting
into or maintaining any Loan (or of maintaining its obligation to make any such Loan) or to increase the cost to such Lender, the Issuing
Bank or such other Recipient of participating in, issuing or maintaining any Letter of Credit or to reduce the amount of any sum received
or receivable by such Lender, the Issuing Bank or such other Recipient hereunder (whether of principal, interest or otherwise), then
the Borrower will pay to such Lender, the Issuing Bank or such other Recipient, as the case may be, such additional amount or amounts
as will compensate such Lender, the Issuing Bank or such other Recipient, as the case may be, for such additional costs incurred or reduction
suffered.

 

(b)               
If any Lender or the Issuing Bank determines that any Change in Law regarding capital or liquidity requirements has or would have the
effect of reducing the rate of return on such Lender’s or the Issuing Bank’s capital or on the capital of such Lender’s
or the Issuing Bank’s holding company, if any, as a consequence of this Agreement, the Commitments of or the Loans made by, or
participations in Letters of Credit or Swingline Loans held by, such Lender, or the Letters of Credit issued by the Issuing Bank, to
a level below that which such Lender or the Issuing Bank or such Lender’s or the Issuing Bank’s holding company could have
achieved but for such Change in Law (taking into consideration such Lender’s or the Issuing Bank’s policies and the policies
of such Lender’s or the Issuing Bank’s holding company with respect to capital adequacy and liquidity), then from time to
time the Borrower will pay to such Lender or the Issuing Bank, as the case may be, such additional amount or amounts as will compensate
such Lender or the Issuing Bank or such Lender’s or the Issuing Bank’s holding company for any such reduction suffered.

 

(c)               
A certificate of a Lender or the Issuing Bank setting forth in reasonable detail the basis and calculation of the amount or amounts necessary
to compensate such Lender or the Issuing Bank or its holding company, as the case may be, as specified in paragraph (a) or (b) of this
Section shall be delivered to the Borrower and shall be conclusive absent manifest error. The Borrower shall pay such Lender or the Issuing
Bank, as the case may be, the amount shown as due on any such certificate within ten (10) days after receipt thereof.

 

(d)               
Failure or delay on the part of any Lender or the Issuing Bank to demand compensation pursuant to this Section shall not constitute a
waiver of such Lender’s or the Issuing Bank’s right to demand such compensation; provided that the Borrower shall
not be required to compensate a Lender or the Issuing Bank pursuant to this Section for any increased costs or reductions incurred more
than 270 days prior to the date that such Lender or the Issuing Bank, as the case may be, notifies the Borrower of the Change in Law
giving rise to such increased costs or reductions and of such Lender’s or the Issuing Bank’s intention to claim compensation
therefor; provided further that, if the Change in Law giving rise to such increased costs or reductions is retroactive, then the
270-day period referred to above shall be extended to include the period of retroactive effect thereof.

 

(e)                
This Section 2.15 shall not apply to the extent any increased costs relate to Taxes addressed in Section 2.17.

 

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SECTION
2.16. Break Funding Payments. In the event of (a) the payment of any principal of any Eurodollar Loan other than on the last
day of an Interest Period applicable thereto (including as a result of an Event of Default or as a result of any prepayment pursuant
to Section 2.11), (b) the conversion of any Eurodollar Loan other than on the last day of the Interest Period applicable thereto,
(c) the failure to borrow, convert, continue or prepay any Eurodollar Loan on the date specified in any notice delivered pursuant
hereto (regardless of whether such notice may be revoked under Section 2.09(d) and is revoked in accordance therewith), or (d) the
assignment of any Eurodollar Loan other than on the last day of the Interest Period applicable thereto as a result of a request by
the Borrower pursuant to Section 2.19 or 9.02(d), then, in any such event, the Borrower shall compensate each Lender for the loss,
cost and expense attributable to such event. In the case of a Eurodollar Loan, such loss, cost or expense to any Lender shall
be deemed to include an amount determined by such Lender to be the excess, if any, of (i) the amount of interest which would have
accrued on the principal amount of such Eurodollar Loan had such event not occurred, at the Adjusted LIBO Rate that would have been
applicable to such Eurodollar Loan, for the period from the date of such event to the last day of the then current Interest Period
therefor (or, in the case of a failure to borrow, convert or continue, for the period that would have been the Interest Period for
such Eurodollar Loan), over (ii) the amount of interest which would accrue on such principal amount for such period at the interest
rate which such Lender would bid were it to bid, at the commencement of such period, for dollar deposits of a comparable amount and
period from other banks in the eurodollar market. A certificate of any Lender setting forth any amount or amounts that such Lender
is entitled to receive pursuant to this Section, and setting forth in reasonable detail the calculations used by such Lender to
determine such amount or amounts, shall be delivered to the Borrower and shall be conclusive absent manifest error. The Borrower
shall pay such Lender the amount shown as due on any such certificate within ten (10) days after receipt thereof; provided that
the Borrower shall not be required to compensate a Lender pursuant to this Section for any amounts under this Section 2.16 incurred
more than 270 days prior to the date that such Lender notifies the Borrower of such amount and of such Lender’s intention to
claim compensation therefor.

 

SECTION
2.17. Taxes.

 

(a)               
Withholding Taxes; Gross-Up; Payments Free of Taxes. Any and all payments by or on account of any obligation of any Loan Party
under any Loan Document shall be made without deduction or withholding for any Taxes, except as required by applicable law. If any applicable
law (as determined in the good faith discretion of an applicable withholding agent) requires the deduction or withholding of any Tax
from any such payment by a withholding agent, then the applicable withholding agent shall be entitled to make such deduction or withholding
and shall timely pay the full amount deducted or withheld to the relevant Governmental Authority in accordance with applicable law and,
if such Tax is an Indemnified Tax, then the sum payable by the applicable Loan Party shall be increased as necessary so that after such
deduction or withholding has been made (including such deductions and withholdings applicable to additional sums payable under this Section
2.17), the applicable Recipient receives an amount equal to the sum it would have received had no such deduction or withholding been
made. 

 

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

 

(c)               
Evidence of Payment. As soon as practicable after any payment of Taxes by any Loan Party to a Governmental Authority pursuant
to this Section 2.17, such Loan Party shall deliver to the Administrative Agent the original or a certified copy of a receipt issued
by such Governmental Authority evidencing such payment, a copy of the return reporting such payment, or other evidence of such payment
reasonably satisfactory to the Administrative Agent.

 

(d)               
Indemnification by the Loan Parties. The Loan Parties shall jointly and severally indemnify each Recipient, within ten (10) days
after demand therefor, for the full amount of any Indemnified Taxes (including Indemnified Taxes imposed or asserted on or attributable
to amounts payable under this Section) payable or paid by such Recipient or required to be withheld or deducted from a payment to such
Recipient and any reasonable expenses arising therefrom or with respect thereto, whether or not such Indemnified Taxes were correctly
or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of such payment or liability delivered
to the Borrower by a Lender (with a copy to the Administrative Agent), or by the Administrative Agent on its own behalf or on behalf
of a Lender, shall be conclusive absent manifest error.

 

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(e)           Indemnification by the Lenders. Each Lender shall severally indemnify the Administrative Agent, within ten (10) days after demand
therefor, for (i) any Indemnified Taxes attributable to such Lender (but only to the extent that any Loan Party has not already indemnified
the Administrative Agent for such Indemnified Taxes and without limiting the obligation of the Loan Parties to do so), (ii) any Taxes
attributable to such Lender’s failure to comply with the provisions of Section 9.04(c) relating to the maintenance of a Participant
Register and (iii) any Excluded Taxes attributable to such Lender, in each case, that are payable or paid by the Administrative Agent
in connection with any Loan Document, and any reasonable expenses arising therefrom or with respect thereto, whether or not such Taxes
were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of such payment
or liability delivered to any Lender by the Administrative Agent shall be conclusive absent manifest error. Each Lender hereby authorizes
the Administrative Agent to set off and apply any and all amounts at any time owing to such Lender under any Loan Document or otherwise
payable by the Administrative Agent to such Lender from any other source against any amount due to the Administrative Agent under this
paragraph (e).

 

		(f)	Status
                                            of Lenders.

 

(i)            Any
Lender that is entitled to an exemption from or reduction of withholding Tax with respect to payments made under any Loan Document shall
deliver to the Borrower and the Administrative Agent, at the time or times reasonably requested by the Borrower or the Administrative
Agent, such properly completed and executed documentation reasonably requested by the Borrower or the Administrative Agent as will permit
such payments to be made without withholding or at a reduced rate of withholding. In addition, any Lender, if reasonably requested by
the Borrower or the Administrative Agent, shall deliver such other documentation prescribed by applicable law or reasonably requested
by the Borrower or the Administrative Agent as will enable the Borrower or the Administrative Agent to determine whether or not such
Lender is subject to backup withholding or information reporting requirements. Notwithstanding anything to the contrary in the preceding
two sentences, the completion, execution and submission of such documentation (other than such documentation set forth in Section 2.17(f)(ii)(A),
(ii)(B) and (ii)(D) below) shall not be required if in the Lender’s reasonable judgment such completion, execution or submission
would subject such Lender to any material unreimbursed cost or expense or would materially prejudice the legal or commercial position
of such Lender. 

 

		(ii)	Without
                                            limiting the generality of the foregoing, in the event that the Borrower is a U.S. Person,

  

(A)          any
Lender that is a U.S. Person shall deliver to the Borrower and the Administrative Agent on or prior to the date on which such Lender
becomes a Lender under this Agreement (and from time to time thereafter upon the reasonable request of the Borrower or the Administrative
Agent), an executed IRS Form W-9 certifying that such Lender is exempt from U.S. federal backup withholding tax;

 

(B)           any
Foreign Lender shall, to the extent it is legally entitled to do so, deliver to the Borrower and the Administrative Agent (in such number
of copies as shall be requested by the recipient) on or prior to the date on which such Foreign Lender becomes a Lender under this Agreement
(and from time to time thereafter upon the reasonable request of the Borrower or the Administrative Agent), whichever of the following
is applicable:

 

(1)               
in the case of a Foreign Lender claiming the benefits of an income tax treaty to which the U.S. is a party (x) with respect to payments
of interest under any Loan Document, an executed IRS Form W-8BEN or IRS Form W-8BEN-E, as applicable, establishing an exemption
from, or reduction of, U.S. federal withholding Tax pursuant to the “interest” article of such tax treaty and (y) with respect
to any other applicable payments under any Loan Document, IRS Form W-8BEN or IRS Form W-8BEN-E, as applicable, establishing an exemption
from, or reduction of, U.S. federal withholding Tax pursuant to the “business profits” or “other income” article
of such tax treaty;

 

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(2)               
in the case of a Foreign Lender claiming that its extension of credit will generate U.S. effectively connected income, an executed IRS
Form W-8ECI; 

 

(3)               
in the case of a Foreign 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 C-1 to the effect that such Foreign Lender is not a “bank” within the meaning
of Section 881(c)(3)(A) of the Code, a “10 percent shareholder” of the 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) an executed IRS Form W-8BEN or IRS Form W-8BEN-E, as applicable; or

 

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

 

(C)           any
Foreign Lender shall, to the extent it is legally entitled to do so, deliver to the Borrower and the Administrative Agent (in such number
of copies as shall be requested by the recipient) on or prior to the date on which such Foreign Lender becomes a Lender under
this Agreement (and from time to time thereafter upon the reasonable request of the Borrower or the 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 the Borrower or the Administrative
Agent to determine the withholding or deduction required to be made; and

 

(D)           if
a payment made to a Lender under any Loan Document would be subject to U.S. federal withholding Tax imposed by FATCA if such Lender were
to fail to comply with the applicable reporting requirements of FATCA (including those contained in Section 1471(b) or 1472(b) of the
Code, as applicable), such Lender shall deliver to the Borrower and the Administrative Agent at the time or times prescribed by law and
at such time or times reasonably requested by the Borrower or the Administrative Agent such documentation prescribed by applicable law
(including as prescribed by Section 1471(b)(3)(C)(i) of the Code) and such additional documentation reasonably requested by the Borrower
or the Administrative Agent as may be necessary for the Borrower and the Administrative Agent to comply with their obligations under
FATCA and to determine that such Lender has complied with such Lender’s obligations under FATCA or to determine the amount
to deduct and withhold from such payment. Solely for purposes of this clause (D), “FATCA” shall include any amendments made
to FATCA after the date of this Agreement.

 

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Each
Lender agrees that if any form or certification it previously delivered expires or becomes obsolete or inaccurate in any respect, it
shall update such form or certification or promptly notify the Borrower and the Administrative Agent in writing of its legal inability
to do so.

 

(g)           Treatment of Certain Refunds. If any party determines, in its sole discretion exercised in good faith, that it has received a
refund of any Taxes as to which it has been indemnified pursuant to this Section 2.17 (including by the payment of additional amounts
pursuant to this Section 2.17), it shall pay to the indemnifying party an amount equal to such refund (but only to the extent of indemnity
payments made under this Section 2.17 with respect to the Taxes giving rise to such refund), net of all out-of-pocket expenses (including
Taxes) of such indemnified party and without interest (other than any interest paid by the relevant Governmental Authority with respect
to such refund). Such indemnifying party, upon the request of such indemnified party, shall repay to such indemnified party the amount
paid over pursuant to this paragraph (g) (plus any penalties, interest or other charges imposed by the relevant Governmental Authority)
in the event that such indemnified party is required to repay such refund to such Governmental Authority. Notwithstanding anything to
the contrary in this paragraph (g), in no event will the indemnified party be required to pay any amount to an indemnifying party pursuant
to this paragraph (g) the payment of which would place the indemnified party in a less favorable net after-Tax position than the indemnified
party would have been in if the Tax subject to indemnification and giving rise to such refund had not been deducted, withheld or otherwise
imposed and the indemnification payments or additional amounts giving rise to such refund had never been paid. This paragraph (g) shall
not be construed to require any indemnified party to make available its Tax returns (or any other information relating to its Taxes that
it deems confidential) to the indemnifying party or any other Person.

 

(h)           Survival. Each party’s obligations under this Section 2.17 shall survive the resignation or replacement of the 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.

 

(i)            Defined Terms. For purposes of this Section 2.17, the term “Lender” includes any Issuing Bank and the term “applicable
law” includes FATCA.

 

SECTION
2.18. Payments Generally; Allocation of Proceeds; Sharing of Set-offs.

 

(a)           The
Borrower shall make each payment required to be made by it hereunder (whether of principal, interest, fees or reimbursement of LC
Disbursements, or of amounts payable under Sections 2.15, 2.16 or 2.17, or otherwise) prior to 2:00 p.m., New York time, on the date
when due, in immediately available funds, without set-off or counterclaim (including, without limitation, any setoff, recoupment or
counterclaim against any amount owed or claimed pursuant to any Material Contract between any Loan Party and Chase). Any amounts
received after such time on any date may, in the discretion of the Administrative Agent, be deemed to have been received on the next
succeeding Business Day for purposes of calculating interest thereon. All such payments shall be made to the Administrative Agent at
its offices at JPMorgan Chase Bank, N.A., 10 S. Dearborn St, L2, Chicago, IL 60603, except payments to be made directly to the
Issuing Bank or Swingline Lender as expressly provided herein and except that payments pursuant to Sections 2.15, 2.16, 2.17 and
9.03 shall be made directly to the Persons entitled thereto. The Administrative Agent shall distribute any such payments received by
it for the account of any other Person to the appropriate recipient promptly following receipt thereof. Unless otherwise provided
for herein, if any payment hereunder shall be due on a day that is not a Business Day, the date for payment shall be extended
to the next succeeding Business Day, and, in the case of any payment accruing interest, interest thereon shall be payable for the
period of such extension. All payments hereunder shall be made in dollars.

 

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(b)         
Any proceeds of Collateral received by the Administrative Agent (i) not constituting either (A) a specific payment of principal, interest,
fees or other sum payable under the Loan Documents (which shall be applied as specified by the Borrower), or (B) a mandatory prepayment
(which shall be applied in accordance with Section 2.11) or (ii) after an Event of Default has occurred and is continuing and the Administrative
Agent so elects or the Required Lenders so direct, shall be applied ratably first, to pay any fees, indemnities, or expense reimbursements
including amounts then due to the Administrative Agent, the Swingline Lender and the Issuing Bank from the Borrower (other than in connection
with Banking Services Obligations or Swap Agreement Obligations), second, to pay any fees or expense reimbursements then due to
the Lenders from the Borrower (other than in connection with Banking Services Obligations or Swap Agreement Obligations), third,
to pay interest then due and payable on the Loans ratably, fourth, to prepay principal on the Loans and unreimbursed LC Disbursements
and to pay any amounts owing with respect to Swap Agreement Obligations up to and including the amount most recently provided to the
Administrative Agent pursuant to Section 2.22, ratably (with amounts allocated to the Term Loans of any Class applied to reduce the subsequent
scheduled repayments of the Term Loans of such Class to be made pursuant to Section 2.10 to the next four installments thereof in direct
order of maturity and then ratably based on the amount of such remaining scheduled repayments), fifth, to pay an amount to the
Administrative Agent equal to one hundred five percent (105%) of the aggregate LC Exposure, to be held as cash collateral for such Obligations,
and sixth, to the payment of any amounts owing in respect of Banking Services Obligations up to and including the amount most
recently provided to the Administrative Agent pursuant to Section 2.22, and seventh, to the payment of any other Secured Obligation
due to the Administrative Agent or any Lender from the Borrower or any other Loan Party. Notwithstanding anything to the contrary
contained in this Agreement, unless so directed by the Borrower, or unless a Default is in existence, neither the Administrative Agent
nor any Lender shall apply any payment which it receives to any Eurodollar Loan of a Class, except (i) on the expiration date of the
Interest Period applicable thereto, or (ii) in the event, and only to the extent, that there are no outstanding ABR Loans of the same
Class and, in any such event, the Borrower shall pay the break funding payment required in accordance with Section 2.16. The Administrative
Agent and the Lenders shall have the continuing and exclusive right to apply and reverse and reapply any and all such proceeds and payments
to any portion of the Secured Obligations.

 

Notwithstanding
the foregoing, Secured Obligations arising under Banking Services Obligations or Swap Agreement Obligations shall be excluded from the
application described above and paid in clause seventh if the Administrative Agent has not received written notice thereof, together
with such supporting documentation as the Administrative Agent may have reasonably requested from the applicable provider of such Banking
Services or Swap Agreements.

 

(c)          
At the election of the Administrative Agent, all payments of principal, interest, LC Disbursements, fees, premiums, reimbursable
expenses (including, without limitation, all reimbursement for fees, costs and expenses pursuant to Section 9.03), and other sums
payable under the Loan Documents, may be paid from the proceeds of Borrowings made hereunder, whether made following a request by
the Borrower pursuant to Section 2.03 or 2.05 or a deemed request as provided in this Section or may be deducted from any deposit
account of the Borrower maintained with the Administrative Agent. The Borrower hereby irrevocably authorizes (i) the Administrative
Agent to make a Borrowing for the purpose of paying each payment of principal, interest and fees as it becomes due hereunder or any
other amount due under the Loan Documents and agrees that all such amounts charged shall constitute Loans (including Swingline
Loans), and that all such Borrowings shall be deemed to have been requested pursuant to Sections 2.03 or 2.05, as applicable, and
(ii) the Administrative Agent to charge any deposit account of the Borrower maintained with the Administrative Agent for each
payment of principal, interest and fees as it becomes due hereunder or any other amount due under the Loan Documents.

 

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(d)          If, except as otherwise expressly provided herein, any Lender shall, by exercising any right of set-off or counterclaim or otherwise,
obtain payment in respect of any principal of or interest on any of its Loans or participations in LC Disbursements resulting in such
Lender receiving payment of a greater proportion of the aggregate amount of its Loans and participations in LC Disbursements and Swingline
Loans and accrued interest thereon than the proportion received by any other similarly situated Lender, then the Lender receiving such
greater proportion shall purchase (for cash at face value) participations in the Loans and participations in LC Disbursements and Swingline
Loans of other Lenders to the extent necessary so that the benefit of all such payments shall be shared by all such Lenders ratably in
accordance with the aggregate amount of principal of and accrued interest on their respective Loans and participations in LC Disbursements
and Swingline Loans; provided that (i) if any such participations are purchased and all or any portion of the payment giving rise
thereto is recovered, such participations shall be rescinded and the purchase price restored to the extent of such recovery, without
interest, and (ii) the provisions of this paragraph shall not be construed to apply to any payment made by the Borrower pursuant to and
in accordance with the express terms of this Agreement or any payment obtained by a Lender as consideration for the assignment or sale
of a participation in any of its Loans or participations in LC Disbursements or Swingline Loans to any assignee or participant, other
than to the Borrower or any Subsidiary or Affiliate thereof (as to which the provisions of this paragraph shall apply). The Borrower
consents to the foregoing and agrees, to the extent it may effectively do so under applicable law, that any Lender acquiring a participation
pursuant to the foregoing arrangements may exercise against the Borrower rights of set-off and counterclaim with respect to such participation
as fully as if such Lender were a direct creditor of the Borrower in the amount of such participation.

 

(e)           Unless the Administrative Agent shall have received notice from the Borrower prior to the date on which any payment is due to the Administrative
Agent for the account of the Lenders or the Issuing Bank hereunder that the Borrower will not make such payment, the Administrative Agent
may assume that the Borrower has made such payment on such date in accordance herewith and may, in reliance upon such assumption, distribute
to the Lenders or the Issuing Bank, as the case may be, the amount due. In such event, if the Borrower has not in fact made such payment,
then each of the Lenders or the Issuing Bank, as the case may be, severally agrees to repay to the Administrative Agent forthwith on
demand the amount so distributed to such Lender or Issuing Bank with interest thereon, for each day from and including the date such
amount is distributed to it to but excluding the date of payment to the Administrative Agent, at the greater of the Federal Funds Effective
Rate and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation.

 

(f)            If any Lender shall fail to make any payment required to be made by it hereunder, then the Administrative Agent may, in its discretion
(notwithstanding any contrary provision hereof), (i) apply any amounts thereafter received by the Administrative Agent for the account
of such Lender to satisfy such Lender’s obligations hereunder until all such unsatisfied obligations are fully paid and/or (ii)
hold any such amounts in a segregated account as cash collateral for, and application to, any future funding obligations of such Lender
hereunder. Application of amounts pursuant to (i) and (ii) above shall be made in such order as may be determined by the Administrative
Agent in its discretion.

 

(g)           The Administrative Agent may from time to time provide the Borrower with account statements or invoices with respect to any of the
Secured Obligations (the “Statements”). The Administrative Agent is under no duty or obligation to provide
Statements, which, if provided, will be solely for the Borrower’s convenience. Statements may contain estimates of the amounts
owed during the relevant billing period, whether of principal, interest, fees or other Secured Obligations. If the Borrower pays the
full amount indicated on a Statement on or before the due date indicated on such Statement, the Borrower shall not be in
default of payment with respect to the billing period indicated on such Statement; provided, that acceptance by the Administrative
Agent, on behalf of the Lenders, of any payment that is less than the total amount actually due at that time (including but not
limited to any past due amounts) shall not constitute a waiver of the Administrative Agent’s or the Lenders’ right to
receive payment in full at another time.

 

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SECTION
2.19. Mitigation Obligations; Replacement of Lenders.

 

(a)          
If any Lender requests compensation under Section 2.15, or if the Borrower is required to pay any Indemnified Taxes or additional amounts
to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 2.17, then such Lender shall use reasonable
efforts to designate a different lending office for funding or booking its Loans hereunder or to assign its rights and obligations hereunder
to another of its offices, branches or affiliates, if, in the judgment of such Lender, such designation or assignment (i) would eliminate
or reduce amounts payable pursuant to Sections 2.15 or 2.17, as the case may be, in the future and (ii) would not subject such Lender
to any unreimbursed cost or expense and would not otherwise be disadvantageous to such Lender. The Borrower hereby agrees to pay all
reasonable costs and expenses incurred by any Lender in connection with any such designation or assignment.

 

(b)           If any Lender requests compensation under Section 2.15, or if the Borrower is required to pay any Indemnified Taxes or additional amounts
to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 2.17, or if any Lender becomes a Defaulting
Lender, then the Borrower may, at its sole expense and effort, upon notice to such Lender and the Administrative Agent, require such
Lender to assign and delegate, without recourse (in accordance with and subject to the restrictions contained in Section 9.04), all its
interests, rights (other than its existing rights to payments pursuant to Sections 2.15 or 2.17) and obligations under this Agreement
and other Loan Documents to an assignee that shall assume such obligations (which assignee may be another Lender, if a Lender accepts
such assignment); provided that (i) the Borrower shall have received the prior written consent of the Administrative Agent (and
in circumstances where its consent would be required under Section 9.04, the Issuing Bank and the Swingline Lender), which consent shall
not unreasonably be withheld, (ii) such Lender shall have received payment of an amount equal to the outstanding principal of its Loans
and funded participations in LC Disbursements and Swingline Loans, accrued interest thereon, accrued fees and all other amounts payable
to it hereunder, from the assignee (to the extent of such outstanding principal and accrued interest and fees) or the Borrower (in the
case of all other amounts) and (iii) in the case of any such assignment resulting from a claim for compensation under Section 2.15 or
payments required to be made pursuant to Section 2.17, such assignment will result in a reduction in such compensation or payments. A
Lender shall not be required to make any such assignment and delegation if, prior thereto, as a result of a waiver by such Lender or
otherwise, the circumstances entitling the Borrower to require such assignment and delegation cease to apply.

 

SECTION
2.20. Defaulting Lenders.

 

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

 

(a)          
fees shall cease to accrue on the unfunded portion of the Revolving Commitment of such Defaulting Lender pursuant to Section 2.12(a);

 

(b)           such
Defaulting Lender shall not have the right to vote on any issue on which voting is required (other than to the extent expressly
provided in Section 9.02(b)) and the Commitment and Revolving Exposure and, if applicable, Term Commitment and Term Loans of
such Defaulting Lender shall not be included in determining whether the Required Lenders have taken or may take any action hereunder
or under any other Loan Document; provided that, except as otherwise provided in Section 9.02, this clause (b) shall not apply to
the vote of a Defaulting Lender in the case of an amendment, waiver or other modification requiring the consent of such Lender or
each Lender directly affected thereby;

 

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		(c)	if
                                            any Swingline Exposure or LC Exposure exists at the time such Lender becomes a Defaulting
                                            Lender then:

 

(i)             all
or any part of the Swingline Exposure and LC Exposure of such Defaulting Lender (other than the portion of such Swingline Exposure referred
to in clause (b) of the definition of such term) shall be reallocated among the non-Defaulting Lenders in accordance with their respective
Applicable Percentages but only (x) to the extent that the conditions set forth in Section 4.02 are satisfied at the time of such reallocation
(and, unless the Borrower shall have otherwise notified the Administrative Agent at such time, the Borrower shall be deemed to have represented
and warranted that such conditions are satisfied at such time) and (y) to the extent that such reallocation does not, as to any non-Defaulting
Lender, cause such non-Defaulting Lender’s Revolving Exposure to exceed its Revolving Commitment;

 

(ii)            
if the reallocation described in clause (i) above cannot, or can only partially, be effected, the Borrower shall within one (1) Business
Day following notice by the Administrative Agent (x) first, prepay such Swingline Exposure and (y) second, cash collateralize,
for the benefit of the Issuing Bank, the Borrower’s obligations corresponding to such Defaulting Lender’s LC Exposure (after
giving effect to any partial reallocation pursuant to clause (i) above) in accordance with the procedures set forth in Section 2.06(j)
for so long as such LC Exposure is outstanding;

 

(iii)            
if the Borrower cash collateralizes any portion of such Defaulting Lender’s LC Exposure pursuant to clause (ii) above, the Borrower
shall not be required to pay any fees to such Defaulting Lender pursuant to Section 2.12(b) with respect to such Defaulting Lender’s
LC Exposure during the period such Defaulting Lender’s LC Exposure is cash collateralized;

 

(iv)            
if the LC Exposure of the non-Defaulting Lenders is reallocated pursuant to clause (i) above, then the fees payable to the Lenders pursuant
to Sections 2.12(a) and 2.12(b) shall be adjusted in accordance with such non-Defaulting Lenders’ Applicable Percentages; and

 

(v)          
if all or any portion of such Defaulting Lender’s LC Exposure is neither reallocated nor cash collateralized pursuant to clause
(i) or (ii) above, then, without prejudice to any rights or remedies of the Issuing Bank or any other Lender hereunder, all letter of
credit fees payable under Section 2.12(b) with respect to such Defaulting Lender’s LC Exposure shall be payable to the Issuing
Bank until and to the extent that such LC Exposure is reallocated and/or cash collateralized; and

 

(d)          
so long as such Lender is a Defaulting Lender, the Issuing Bank shall not be required to issue, amend, renew, extend or increase any
Letter of Credit, unless it is satisfied that the related exposure and such Defaulting Lender’s then outstanding LC Exposure will
be 100% covered by the Commitments of the non-Defaulting Lenders and/or cash collateral will be provided by the Borrower in accordance
with Section 2.20(c), and LC Exposure related to any newly issued or increased Letter of Credit shall be allocated among non-Defaulting
Lenders in a manner consistent with Section 2.20(c)(i) (and such Defaulting Lender shall not participate therein).

 

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If
(i) a Bankruptcy Event or a Bail-In Action with respect to the Parent of any Lender shall occur following the date hereof and for so
long as such event shall continue or (ii) the Issuing Bank has a good faith belief that any Lender has defaulted in fulfilling its obligations
under one or more other agreements in which such Lender commits to extend credit, the Issuing Bank shall not be required to issue, amend
or increase any Letter of Credit, unless the Issuing Bank shall have entered into arrangements with the Borrower or such Lender, reasonably
satisfactory to the Issuing Bank, to defease any risk to it in respect of such Lender hereunder.

 

In
the event that each of the Administrative Agent, the Borrower, the Swingline Lender and the Issuing Bank agrees that a Defaulting Lender
has adequately remedied all matters that caused such Lender to be a Defaulting Lender, then the Swingline Exposure and LC Exposure of
the Lenders shall be readjusted to reflect the inclusion of such Lender’s Revolving Commitment and on the date of such readjustment
such Lender shall purchase at par such of the Loans of the other Lenders (other than Swingline Loans) as the Administrative Agent shall
determine may be necessary in order for such Lender to hold such Loans in accordance with its Applicable Percentage.

 

SECTION
2.21. Returned Payments. If, after receipt of any payment which is applied to the payment of all or any part of the Obligations
(including a payment effected through exercise of a right of setoff), the Administrative Agent or any Lender is for any reason compelled
to surrender such payment or proceeds to any Person because such payment or application of proceeds is invalidated, declared fraudulent,
set aside, determined to be void or voidable as a preference, impermissible setoff, or a diversion of trust funds, or for any other reason
(including pursuant to any settlement entered into by the Administrative Agent or such Lender in its discretion), then the Obligations
or part thereof intended to be satisfied shall be revived and continued and this Agreement shall continue in full force as if such payment
or proceeds had not been received by the Administrative Agent or such Lender. The provisions of this Section 2.21 shall be and remain
effective notwithstanding any contrary action which may have been taken by the Administrative Agent or any Lender in reliance upon such
payment or application of proceeds. The provisions of this Section 2.21 shall survive the termination of this Agreement.

 

SECTION
2.22. Banking Services and Swap Agreements. Each Lender or Affiliate thereof providing Banking Services for, or having Swap Agreements
with, any Loan Party or any Subsidiary or Affiliate of a Loan Party shall deliver to the Administrative Agent, promptly after entering
into such Banking Services or Swap Agreements, written notice setting forth the aggregate amount of all Banking Services Obligations
and Swap Agreement Obligations of such Loan Party or Subsidiary or Affiliate thereof to such Lender or Affiliate (whether matured or
unmatured, absolute or contingent). In furtherance of that requirement, each such Lender or Affiliate thereof shall furnish the Administrative
Agent, from time to time after a significant change therein or upon a request therefor, a summary of the amounts due or to become due
in respect of such Banking Services Obligations and Swap Agreement Obligations. The most recent information provided to the Administrative
Agent shall be used in determining which tier of the waterfall, contained in Section 2.18(b), such Banking Services Obligations and/or
Swap Agreement Obligations will be placed.

 

ARTICLE
III 

Representations
and Warranties

 

Each
Loan Party represents and warrants to the Lenders that (and where applicable, agrees):

 

SECTION
3.01. Organization; Powers. Each Loan Party and each Subsidiary is duly organized, validly existing and in good standing
under the laws of the jurisdiction of its organization, has all requisite power and authority to carry on its business as now
conducted and, except where the failure to do so, individually or in the aggregate, would not reasonably be expected to result in a
Material Adverse Effect, is qualified to do business in, and is in good standing in, every jurisdiction where such
qualification is required.

 

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SECTION
3.02. Authorization; Enforceability. The Transactions are within each Loan Party’s organizational powers and have been duly
authorized by all necessary organizational actions and, if required, actions by equity holders. Each Loan Document to which each Loan
Party is a party has been duly executed and delivered by such Loan Party and constitutes a legal, valid and binding obligation of such
Loan Party, enforceable in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other
laws affecting creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a proceeding
in equity or at law.

 

SECTION
3.03. Governmental Approvals; No Conflicts. The Transactions (a) do not require any consent or approval of, registration or filing
with, or any other action by, any Governmental Authority, except such as have been obtained or made and are in full force and effect
and except for filings necessary to perfect Liens created pursuant to the Loan Documents, (b) will not violate any Requirement of Law
applicable to any Loan Party or any Subsidiary, (c) will not violate or result in a default under any material indenture, agreement or
other instrument binding upon any Loan Party or any Subsidiary or the assets of any Loan Party or any Subsidiary, or give rise to a right
thereunder to require any payment to be made by any Loan Party or any Subsidiary, and (d) will not result in the creation or imposition
of any Lien on any asset of any Loan Party or any Subsidiary, except Liens created pursuant to the Loan Documents.

 

SECTION
3.04. Financial Condition; No Material Adverse Change.

 

(a)           The Borrower has heretofore furnished to the Lenders its consolidated balance sheet and statements of income, stockholders equity and
cash flows (i) as of and for the fiscal year ended December 31, 2020, reported on by Grant Thornton, independent public accountants,
and (ii) as of and for the fiscal month and the portion of the fiscal year ended October 31, 2021, certified by its chief financial officer.
Such financial statements present fairly, in all material respects, the financial position and results of operations and cash flows of
the Borrower and its consolidated Subsidiaries as of such dates and for such periods in accordance with GAAP, subject to normal year-end
audit adjustments all of which, when taken as a whole, would not be materially adverse and the absence of footnotes in the case of the
statements referred to in clause (ii) above.

 

		(b)	Since
                                            December 31, 2020, no Material Adverse Effect has occurred.

 

SECTION
3.05. Properties.

 

(a)           
As of the date of this Agreement, no Loan Party owns any real property and Schedule 3.05 sets forth the address of each parcel of real
property that is leased by any Loan Party. Each of such leases and subleases is valid and enforceable in accordance with its terms and
is in full force and effect, and no default by any party to any such lease or sublease exists. Each of the Loan Parties and each Subsidiary
has good and indefeasible title to, or, to the Borrower’s knowledge, valid leasehold interests in, all of its real and personal
property material to its business, except for minor defects in title that do not interfere in any material respect with its ability to
conduct its business as currently conducted or to utilize such properties for their intended purposes, free of all Liens other than those
permitted by Section 6.02.

 

(b)          Each
Loan Party and each Subsidiary owns, or is licensed to use, all trademarks, tradenames, copyrights, patents and other intellectual
property necessary to its business as currently conducted, a correct and complete list of which, as of the date of this Agreement,
is set forth on Schedule 3.05, and the use thereof by each Loan Party and each Subsidiary and, to the Borrower’s knowledge,
does not infringe in any material respect upon the rights of any other Person, except for any such infringements (or
ownership or license issues) that, individually or in the aggregate, would not reasonably be expected to result in a Material
Adverse Effect, and each Loan Party’s and each Subsidiary’s rights thereto are not subject to any licensing agreement or
similar arrangement.

 

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SECTION
3.06. Litigation and Environmental Matters.

 

(a)          
There are no actions, suits or proceedings by or before any arbitrator or Governmental Authority pending against or, to the knowledge
of any Loan Party, threatened in writing against or affecting any Loan Party or any Subsidiary (i) as to which there is a reasonable
possibility of an adverse determination and that, if adversely determined, would reasonably be expected, individually or in the aggregate,
to result in a Material Adverse Effect (other than the Disclosed Matters set forth on Schedule 3.06) or (ii) that involve any
Loan Document or the Transactions.

 

(b)          Except for the Disclosed Matters, (i) no Loan Party or any Subsidiary has received written notice of any claim with respect to any Environmental
Liability or knows of any basis for any Environmental Liability, in either case which would be reasonably expected to result in a Material
Adverse Effect and (ii) except with respect to any other matters that, individually or in the aggregate, would not reasonably be expected
to result in a Material Adverse Effect, no Loan Party or any Subsidiary (A) has failed to comply with any Environmental Law or to obtain,
maintain or comply with any permit, license or other approval required under any Environmental Law (B) is subject to any Environmental
Liability, or (C) has received written notice of any claim with respect to any Environmental Liability.

 

(c)           Since the date of this Agreement, there has been no change in the status of the Disclosed Matters that, individually or in the aggregate,
has resulted in, or materially increased the likelihood of, a Material Adverse Effect.

 

SECTION
3.07. Compliance with Laws and Agreements; No Default. Except where the failure to do so, individually or in the aggregate, would
not reasonably be expected to result in a Material Adverse Effect, each Loan Party and each Subsidiary is in compliance with (i) all
Requirements of Law applicable to it or its property and (ii) all indentures, agreements and other instruments binding upon it or its
property. No Default has occurred and is continuing.

 

SECTION
3.08. Investment Company Status. No Loan Party or any Subsidiary is an “investment company” as defined in, or subject
to regulation under, the Investment Company Act of 1940.

 

SECTION
3.09. Taxes. Each Loan Party and each Subsidiary has timely filed or caused to be filed all federal income Tax returns and all
other material Tax returns and reports required to have been filed and has paid or caused to be paid all Taxes required to have been
paid by it, except (a) Taxes that are being contested in good faith by appropriate proceedings and for which such Loan Party or such
Subsidiary, as applicable, has set aside on its books adequate reserves or (b) to the extent that the failure to do so would not reasonably
be expected to result in a Material Adverse Effect. No tax liens have been filed and no claims are being asserted with respect to any
such taxes.

 

SECTION
3.10. ERISA. No ERISA Event has occurred or is reasonably expected to occur that, when taken together with all other such ERISA
Events for which liability is reasonably expected to occur, would reasonably be expected to result in a Material Adverse Effect. The
present value of all accumulated benefit obligations under each Plan (based on the assumptions used for purposes of Statement of Financial
Accounting Standards No. 87) did not, as of the date of the most recent financial statements reflecting such amounts, exceed the fair
market value of the assets of such Plan.

 

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SECTION
3.11.Disclosure. (a) The Loan Parties have disclosed to the Lenders all agreements, instruments and corporate or other restrictions
to which any Loan Party or any Subsidiary is subject, and all other matters known to it, that, individually or in the aggregate, would
reasonably be expected to result in a Material Adverse Effect. None of the reports, financial statements, certificates or other information
furnished by or on behalf of any Loan Party or any Subsidiary to the Administrative Agent or any Lender in connection with the negotiation
of this Agreement or any other Loan Document (as modified or supplemented by other information so furnished), taken as a whole, contains
any material misstatement of fact or omits to state any material fact necessary to make the statements therein (taken as a whole), in
the light of the circumstances under which they were made, not misleading; provided that, with respect to forecasts or projected
financial information, the Loan Parties represent only that such information was prepared in good faith based upon assumptions believed
to be reasonable at the time delivered and, if such projected financial information was delivered prior to the Restatement Date, as of
the Restatement Date (it being understood by the Administrative Agent and the Lenders that any such projections are subject to significant
uncertainties and contingencies, many of which are beyond the control of the Borrower or its Subsidiaries, that no assurances can be
given that such projections will be realized and that actual results may differ materially from such projections).

 

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

 

SECTION
3.12. Material Contracts. All Material Contracts to which any Loan Party is a party or is bound as of the date of this Agreement
are listed on Schedule 3.12. No Loan Party is in default in the performance, observance or fulfillment of any of the obligations,
covenants or conditions contained in (i) any Material Contract to which it is a party or (ii) any agreement or instrument evidencing
or governing Indebtedness, except to the extent that any such default (other than any payment default) has not resulted in, and would
not reasonably be expected to result in, a Material Adverse Effect.

 

SECTION
3.13. Solvency. (a) Immediately after the consummation of the Transactions to occur on the Restatement Date, (i) the fair value
of the assets of the Loan Parties, taken as a whole, at a fair valuation, will exceed their debts and liabilities, subordinated, contingent
or otherwise; (ii) the present fair saleable value of the property of the Loan Parties, taken as a whole, will be greater than the amount
that will be required to pay the probable liability of their debts and other liabilities, subordinated, contingent or otherwise, as such
debts and other liabilities become absolute and matured; (iii) the Loan Parties, taken as whole, will be able to pay their debts and
liabilities, subordinated, contingent or otherwise, as such debts and liabilities become absolute and matured; and (iv) the Loan Parties,
taken as a whole, will not have unreasonably small capital with which to conduct the business in which it is engaged as such business
is now conducted and is proposed to be conducted after the Restatement Date.

 

(b)
No Loan Party intends to, nor will permit any Subsidiary to, and no Loan Party believes that it or any Subsidiary will, incur debts beyond
its ability to pay such debts as they mature, taking into account the timing of and amounts of cash to be received by it or any such
Subsidiary and the timing of the amounts of cash to be payable on or in respect of its Indebtedness or the Indebtedness of any such Subsidiary.

 

SECTION
3.14. Insurance. Schedule 3.14 sets forth a description of all insurance maintained by or on behalf of the Loan Parties
and their Subsidiaries as of the Restatement Date. As of the Restatement Date, all premiums in respect of such insurance have been paid.
The Loan Parties believe that the insurance maintained by or on behalf of the Loan Parties and their Subsidiaries is adequate and is
customary for companies engaged in the same or similar businesses operating in the same or similar locations.

 

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SECTION
3.15. Capitalization and Subsidiaries. Schedule 3.15 sets forth as of the Restatement Date (a) a correct and complete list
of the name and relationship to Holdings of each Subsidiary, (b) a true and complete listing of each class of each of Holdings’
authorized Equity Interests, of which all of such issued Equity Interests are validly issued, outstanding, fully paid and non-assessable,
and owned beneficially and of record by the Persons identified on Schedule 3.15, and (c) the type of entity of the Borrower, Holdings
and each Subsidiary. All of the issued and outstanding Equity Interests owned by any Loan Party have been (to the extent such concepts
are relevant with respect to such ownership interests) duly authorized and issued and are fully paid and non-assessable.

 

SECTION
3.16. Security Interest in Collateral. The provisions of this Agreement and the other Loan Documents create legal and valid Liens
on all the Collateral in favor of the Administrative Agent, for the benefit of the Secured Parties, and, upon the filing of the UCC financing
statements attached as Exhibit 3.16 in the applicable jurisdiction set forth on such schedule, such Liens constitute perfected and continuing
Liens on the Collateral, securing the Secured Obligations, enforceable against the applicable Loan Party and all third parties, and having
priority over all other Liens on the Collateral except in the case of (a) Permitted Encumbrances, to the extent any such Permitted Encumbrances
would have priority over the Liens in favor of the Administrative Agent pursuant to any applicable law or agreement, (b) Liens perfected
only by possession or control (including possession of any certificate of title), to the extent the Administrative Agent has not obtained
or does not maintain possession or control of such Collateral and (c) Liens on vehicles with a certificate of title.

 

SECTION
3.17. Employment Matters. As of the Restatement Date, there are no strikes, lockouts or slowdowns against any Loan Party or any
Subsidiary pending or, to the knowledge of any Loan Party, threatened in writing that individually or in the aggregate would reasonably
be expected to have a Material Adverse Effect. The hours worked by and payments made to employees of the Loan Parties and their Subsidiaries
have not been in violation of the Fair Labor Standards Act or any other applicable federal, state, local or foreign law dealing with
such matters that would reasonably be expected to result in a Material Adverse Effect. All material payments due from any Loan Party
or any Subsidiary, or for which any claim may be made against any Loan Party or any Subsidiary, on account of wages and employee health
and welfare insurance and other benefits, have been paid or accrued as a liability on the books of such Loan Party or such Subsidiary,
except to the extent being contested in good faith.

 

SECTION
3.18. Federal Reserve Regulations. No part of the proceeds of any Loan or Letter of Credit has been used or will be used, whether
directly or indirectly, for any purpose that entails a violation of any of the Regulations of the Board, including Regulations T, U and
X.

 

SECTION
3.19. Use of Proceeds. The proceeds of the Loans have been used and will be used, whether directly or indirectly as set forth
in Section 5.08.

 

SECTION
3.20. No Burdensome Restrictions. No Loan Party is subject to any Burdensome Restrictions except Burdensome Restrictions permitted
under Section 6.10.

 

SECTION
3.21. Anti-Corruption Laws and Sanctions. Each Loan Party has implemented and maintains in effect policies and procedures
designed to ensure compliance by such Loan Party, its Subsidiaries and their respective directors, officers, employees and agents
with Anti-Corruption Laws and applicable Sanctions, and such Loan Party, its Subsidiaries and their respective officers and
employees and to the knowledge of such Loan Party its directors and agents, are in compliance with Anti-Corruption Laws and
applicable Sanctions in all material respects. None of (a) any Loan Party, any Subsidiary, any of their respective directors,
officers or employees, or (b) to the knowledge of any such Loan Party or Subsidiary, any agent of such Loan Party or any Subsidiary
that will act in any capacity in connection with or benefit from the credit facility established hereby, is a Sanctioned Person. No
Borrowing or Letter of Credit, use of proceeds, Transaction or other transaction contemplated by this Agreement or the other
Loan Documents will violate Anti-Corruption Laws or applicable Sanctions.

 

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SECTION
3.22. Affiliate Transactions. Except as set forth on Schedule 3.22, as of the date of this Agreement, there are no existing
or proposed agreements, arrangements, understandings or transactions between any Loan Party and any of the officers, members, managers,
directors, stockholders, parents, holders of other Equity Interests, employees or Affiliates (other than Subsidiaries) of any Loan Party
or any members of their respective immediate families, and none of the foregoing Persons are directly or indirectly indebted to or have
any direct or indirect ownership, partnership, or voting interest in any Affiliate of any Loan Party or any Person with which any Loan
Party has a business relationship or which competes with any Loan Party.

 

SECTION
3.23. EEA Financial Institutions. No Loan Party is an EEA Financial Institution.

 

ARTICLE
IV

Conditions

 

SECTION
4.01. Restatement Date. The obligations of the Lenders to make Loans and of the Issuing Bank to issue Letters of Credit hereunder
shall not become effective until the date on which each of the following conditions is satisfied (or waived in accordance with Section
9.02):

 

(a)            Credit Agreement and Loan Documents. The Administrative Agent (or its counsel) shall have received (i) from each party hereto
a counterpart of this Agreement signed on behalf of such party (which, subject to Section 9.06(b), may include any Electronic Signatures
transmitted by telecopy, emailed pdf. or any other electronic means that reproduces an image of an actual executed signature page) and
(ii) duly executed copies of the Loan Documents and such other certificates, documents, instruments and agreements as the Administrative
Agent shall reasonably request in connection with the transactions contemplated by this Agreement and the other Loan Documents, including
any promissory notes requested by a Lender pursuant to Section 2.10 payable to the order of each such requesting Lender and a
written opinion of the Loan Parties’ counsel, addressed to the Administrative Agent, the Issuing Bank and the Lenders, in form
and substance satisfactory the Administrative Agent. 

 

(b)           Financial Statements and Projections. The Lenders shall have received (i) satisfactory audited consolidated financial statements
of the Borrower for the two most recent fiscal years ended prior to the Restatement Date as to which such financial statements are available,
(ii) satisfactory unaudited interim consolidated financial statements of the Borrower for each fiscal month and fiscal quarter ended
subsequent to the date of the latest financial statements delivered pursuant to clause (i) of this paragraph as to which such financial
statements are available, including the period ending September 30, 2021, and (iii) the Borrower’s most recent projected income
statement, balance sheet and cash flows for the five year period following the month most recently ended prior to the Restatement Date.

 

(c)           Closing
Certificates; Certified Certificate of Incorporation; Good Standing Certificates. The Administrative Agent shall have received (i)
a certificate of each Loan Party, dated the Restatement Date and executed by its Secretary, Assistant Secretary or other executive officer
of such Loan Party, which shall (A) certify the resolutions of its Board of Directors, members or other body authorizing the execution,
delivery and performance of the Loan Documents to which it is a party, (B) identify by name and title and bear the signatures of the
officers of such Loan Party authorized to sign the Loan Documents to which it is a party and, in the case of the Borrower, its Financial
Officers, (C) contain appropriate attachments, including the charter, articles or certificate of organization or incorporation of each
Loan Party certified by the relevant authority of the jurisdiction of organization of such Loan Party and a true and correct copy of
its bylaws or operating, management or partnership agreement, or other organizational or governing documents and (D) contain true,
correct, and complete copies of the Merger Agreement and each other primary document executed in connection with the Merger, duly executed
by each party thereto, and (ii) a good standing certificate for each Loan Party from its jurisdiction of organization.

 

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(d)           No Default Certificate. The Administrative Agent shall have received a certificate, signed by the chief financial officer of the
Borrower and each other Loan Party, dated as of the Restatement Date (i) stating that no Default has occurred and is continuing, (ii)
stating that the representations and warranties contained in the Loan Documents are true and correct in all material respects as of such
date, and (iii) certifying as to any other factual matters as may be reasonably requested by the Administrative Agent.

 

(e)           Reaffirmation Agreement. The Reaffirmation Agreement shall have been duly executed by each party thereto, together with UCC financing
statements and other applicable documents under the laws of all necessary or appropriate jurisdictions, if any, required with respect
to the perfection of the Liens granted under the Collateral Documents, as requested by the Administrative Agent in order to perfect such
Liens, duly authorized by the Loan Parties.

 

(f)           
Fees. The Lenders and the Administrative Agent shall have received all reasonable and out-of-pocket fees required to be paid,
and all reasonable expenses required to be reimbursed for which invoices have been presented (including the reasonable fees and expenses
of legal counsel), on or before the Restatement Date. All such amounts will be paid with proceeds of Loans made on the Restatement Date
and will be reflected in the funding instructions given by the Borrower to the Administrative Agent on or before the Restatement Date.

 

(g)           Lien Searches. The Administrative Agent shall have received the results of a recent lien search in the jurisdiction of organization
of each Loan Party and each jurisdiction where assets of the Loan Parties are located, and such search shall reveal no Liens on any of
the assets of the Loan Parties except for liens permitted by Section 6.02 or discharged on or prior to the Restatement Date pursuant
to a pay-off letter or other documentation satisfactory to the Administrative Agent.

 

(h)           
Funding Account. The Administrative Agent shall have received a notice setting forth the deposit account of the Borrower (the
 “Funding Account”) to which the Administrative Agent is authorized by the Borrower to transfer the proceeds of any
Borrowings requested or authorized pursuant to this Agreement.

 

(i)            Solvency. The Administrative Agent shall have received a solvency certificate signed by a Financial Officer dated the Restatement
Date in form and substance reasonably satisfactory to the Administrative Agent.

 

(j)            Pledged Equity Interests; Stock Powers; Pledged Notes. The Administrative Agent shall have received (i) the certificates representing
the Equity Interests pledged pursuant to the Security Agreement, if any, together with an undated stock power for each such certificate
executed in blank by a duly authorized officer of the pledgor thereof, (ii) the certificates representing the Equity Interests pledged
pursuant to the Pledge Agreement, if any, together with an undated stock power for each such certificate executed in blank by a duly
authorized officer of the pledgor thereof, and (iii) each promissory note (if any) pledged to the Administrative Agent pursuant to the
Security Agreement endorsed (without recourse) in blank (or accompanied by an executed transfer form in blank) by the pledgor thereof.

 

(k)           Filings,
Registrations and Recordings. Each document (including any Uniform Commercial Code financing statement) required by the
Collateral Documents or under law or reasonably requested by the Administrative Agent to be filed, registered or recorded in order
to create in favor of the Administrative Agent, for the benefit of the Secured Parties, a perfected Lien on the Collateral
described therein, prior and superior in right to any other Person (other than with respect to Liens expressly permitted by Section
6.02), shall be in proper form for filing, registration or recordation.

 

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(l)            
Insurance. The Administrative Agent shall have received evidence of insurance coverage in form, scope, and substance reasonably
satisfactory to the Administrative Agent and otherwise in compliance with the terms of Section 5.10 of this Agreement.

 

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

 

(n)          
Other Documents. The Administrative Agent shall have received such other documents as the Administrative Agent, the Issuing Bank,
any Lender or their respective counsel may have reasonably requested.

 

For
purpose of determining compliance with the conditions specified in this Section 4.01, each Lender that has signed this Agreement shall
be deemed to have accepted, and to be satisfied with, each document or other matter required under this Section 4.01 to be consented
to or approved by or acceptable or satisfactory to a Lender unless the Administrative Agent shall have received written notice from such
Lender prior to the proposed Restatement Date specifying its objection thereto. The Administrative Agent shall notify the Borrower, the
Lenders and the Issuing Bank of the Restatement Date, and such notice shall be conclusive and binding.

 

SECTION
4.02. Each Credit Event. The obligation of each Lender to make a Loan on the occasion of any Borrowing, and of the Issuing Bank
to issue, amend, renew or extend any Letter of Credit, is subject to the satisfaction of the following conditions:

 

(a)            The representations and warranties of the Loan Parties set forth in the Loan Documents shall be true and correct in all material respects
with the same effect as though made on and as of the date of such Borrowing or the date of issuance, amendment, renewal or extension
of such Letter of Credit, as applicable (it being understood and agreed that any representation or warranty which by its terms is made
as of a specified date shall be required to be true and correct in all material respects only as of such specified date, and that any
representation or warranty which is subject to any materiality qualifier shall be required to be true and correct in all respects).

 

(b)           At the time of and immediately after giving effect to such Borrowing or the issuance, amendment, renewal or extension of such Letter
of Credit, as applicable, no Default shall have occurred and be continuing.

 

(c)           
After giving effect to any Borrowing or the issuance, amendment, renewal or extension of any Letter of Credit, Availability shall not
be less than zero.

 

		(d)	No
                                            Material Adverse Effect exists.

 

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Each
Borrowing and each issuance, amendment, renewal or extension of a Letter of Credit shall be deemed to constitute a representation and
warranty by the Borrower on the date thereof as to the matters specified in paragraphs (a) through (d) of this Section.

 

Notwithstanding
the failure to satisfy the conditions precedent set forth in paragraphs (a) or (b) or (d) of this Section, unless otherwise directed
by the Required Lenders, the Administrative Agent may, but shall have no obligation to, continue to make Loans and an Issuing Bank may,
but shall have no obligation to, issue, amend, renew or extend, or cause to be issued, amended, renewed or extended, any Letter of Credit
for the ratable account and risk of Lenders from time to time if the Administrative Agent believes that making such Loans or issuing,
amending, renewing or extending, or causing the issuance, amendment, renewal or extension of, any such Letter of Credit is in the best
interests of the Lenders.

 

ARTICLE
V 

Affirmative
Covenants

 

Until
the Commitments shall have expired or been terminated and the principal of and interest on each Loan and all fees payable hereunder shall
have been paid in full and all Letters of Credit shall have expired or terminated (or shall have been cash collateralized pursuant to
arrangements reasonably satisfactory to the Administrative Agent and the Issuing Bank), in each case without any pending draw, and all
LC Disbursements shall have been reimbursed, each Loan Party executing this Agreement covenants and agrees, jointly and severally with
all of the other Loan Parties, with the Lenders that:

 

SECTION
5.01. Financial Statements and Other Information. Holdings will furnish to the Administrative Agent on behalf of each Lender,
including (other than with respect to clause (f) below) their Public-Siders:

 

(a)               
within one hundred thirty (130) days after the end of each fiscal year of Holdings, its audited consolidated balance sheet and related
statements of operations, stockholders’ equity and cash flows as of the end of and for such year, setting forth in each case in
comparative form the figures for the previous fiscal year, all reported on by independent public accountants of recognized national standing
(without a “going concern” or like qualification, commentary or exception, and without any qualification or exception as
to the scope of such audit) to the effect that such consolidated financial statements present fairly in all material respects the financial
condition and results of operations of Holdings and its consolidated Subsidiaries on a consolidated basis in accordance with GAAP consistently
applied, accompanied by any management letter prepared by said accountants;

 

(b)               
within forty-five (45) days after the end of each fiscal quarter of Holdings, its consolidated balance sheet and related statements of
operations, stockholders’ equity and cash flows as of the end of and for such fiscal quarter and the then elapsed portion of such
fiscal year, setting forth in each case in comparative form the figures for the corresponding period or periods of (or, in the case of
the balance sheet, as of the end of) the previous fiscal year, all certified by a Financial Officer as presenting fairly in all material
respects the financial condition and results of operations of Holdings and its consolidated Subsidiaries on a consolidated basis in accordance
with GAAP consistently applied, subject to normal year-end audit adjustments and the absence of footnotes;

 

(c)               
until the Merger Effective Date, within thirty (30) days after the end of each fiscal month of Holdings (other than the end of each fiscal
quarter), its consolidated balance sheet and related statements of operations, stockholders’ equity and cash flows as of the end
of and for such fiscal month and the then elapsed portion of the fiscal year, setting forth in each case in comparative form the figures
for the corresponding period or periods of (or, in the case of the balance sheet, as of the end of) the previous fiscal year, all certified
by a Financial Officer as presenting fairly in all material respects the financial condition and results of operations of Holdings
and its consolidated Subsidiaries on a consolidated basis in accordance with GAAP consistently applied, subject to normal year-end audit
adjustments and the absence of footnotes;

 

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(d)               
to the extent that Holdings represents and warrants that it, its controlling Person and any Subsidiary, in each case, if any, either
(i) has no registered or publicly traded securities outstanding, or (ii) files its financial statements with the SEC and/or makes its
financial statements available to potential holders of its 144A securities, then, accordingly, Holdings hereby authorizes the Administrative
Agent to make the financial statements to be provided under Section 5.01(a), (b) and (c) above (collectively or individually, as the
context requires, the “Financial Statements”), along with the Loan Documents, available to Public-Siders. Holdings will not
request that any other material be posted to Public-Siders without expressly representing and warranting to the Administrative Agent
in writing that such materials do not constitute material non-public information within the meaning of the federal securities laws or
that Holdings has no outstanding publicly traded securities, including 144A securities. Notwithstanding anything herein to the contrary,
in no event shall Holdings request that the Administrative Agent make available to Public-Siders budgets or any certificates, reports
or calculations with respect to Holdings’ compliance with the covenants contained herein.

 

(e)               concurrently with any delivery of the Financial Statements under clauses (a) and (b) above, a certificate of a Financial Officer in substantially
the form of Exhibit D (i) certifying, in the case of the Financial Statements delivered under clause (b) above, as presenting
fairly in all material respects the financial condition and results of operations of Holdings and its consolidated Subsidiaries on a
consolidated basis in accordance with GAAP consistently applied, subject to normal year-end audit adjustments and the absence of footnotes,
(ii) certifying as to whether a Default has occurred and, if a Default has occurred, specifying the details thereof and any action taken
or proposed to be taken with respect thereto, (iii) setting forth reasonably detailed calculations demonstrating compliance with Section
6.12 and (iv) stating whether any change in GAAP or in the application thereof has occurred since the date of the audited financial statements
referred to in Section 3.04 and, if any such change has occurred, specifying the effect of such change on the Financial Statements accompanying
such certificate;

 

(f)                
as soon as available, but in any event no later than thirty (30) days following the end of each fiscal year of Holdings, a copy of the
plan and forecast (including a projected consolidated and consolidating balance sheet, income statement and cash flow statement) of Holdings
for each fiscal quarter of such fiscal year (the “Projections”) in form reasonably satisfactory to the Administrative
Agent;

 

(g)               
promptly after any request therefor by the Administrative Agent or any Lender, copies of (i) any documents described in Section 101(k)(1)
of ERISA that Holdings or any ERISA Affiliate may request with respect to any Multiemployer Plan and (ii) any notices described in Section
101(l)(1) of ERISA that Holdings or any ERISA Affiliate may request with respect to any Multiemployer Plan; provided that if Holdings
or any ERISA Affiliate has not requested such documents or notices from the administrator or sponsor of the applicable Multiemployer
Plan, Holdings or the applicable ERISA Affiliate shall promptly make a request for such documents and notices from such administrator
or sponsor and shall provide copies of such documents and notices promptly after receipt thereof;

 

(h)               
promptly following any request therefor, (x) such other information regarding the operations, material changes in ownership of Equity
Interests, business affairs and financial condition of any Loan Party or any Subsidiary, necessary to evidence compliance with the terms
of this Agreement, as the Administrative Agent or any Lender may reasonably request and (y) information and documentation reasonably
requested by the Administrative Agent or any Lender for purposes of compliance with applicable “know your customer” and anti-money
laundering rules and regulations, including the USA PATRIOT Act and the Beneficial Ownership Regulation.

 

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SECTION
5.02. Notices of Material Events. The Borrower will furnish to the Administrative Agent prompt (but in any event within any time
period that may be specified below) written notice of the following upon a Responsible Officer of the Borrower having actual knowledge
thereof:

 

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

 

(b)               
receipt of any written notice of any investigation by a Governmental Authority or any litigation or proceeding commenced or threatened
in writing against any Loan Party or the occurrence of any other event, if the same would be reasonably likely to have a Material Adverse
Effect;

 

(c)               
within two (2) Business Days after the occurrence thereof, any Loan Party entering into a Swap Agreement or an amendment to a Swap Agreement,
together with copies of all agreements evidencing such Swap Agreement or amendment;

 

(d)               
any notice of default under, or other material notice under, or any amendment that is adverse to the Lenders pursuant to the terms of,
any Material Contract and any renewal of, or any termination or expiration of, any Material Contract;

 

(e)              
any significant adverse change in the Borrower’s or any Subsidiary’s relationship with (A) any customer (or related group
of customers) representing more than 25% of the Borrower’s consolidated revenues during its most recent fiscal year, or (B) any
supplier that is material to the operations of the Borrower and its Subsidiaries considered as an entirety, which, in each case, in the
Borrower’s reasonable judgment would be reasonably likely to have a Material Adverse Effect;

 

(f)                
any other development that results in, or would reasonably be expected to result in, a Material Adverse Effect; and

 

(g)               
any change in the information provided in the Beneficial Ownership Certification delivered to such Lender that would result in a change
to the list of beneficial owners identified in such certification.

 

Each
notice delivered under this Section shall be accompanied by a statement of a Financial Officer or Responsible Officer of the Borrower
setting forth the details of the event or development requiring such notice and any action taken or proposed to be taken with respect
thereto.

 

SECTION
5.03. Existence; Conduct of Business. Each Loan Party will, and will cause each Subsidiary to, (a) do or cause to be done all
things necessary to preserve, renew and keep in full force and effect its legal existence and the rights, qualifications, licenses, permits,
franchises, governmental authorizations, intellectual property rights, licenses and permits material to the conduct of its business,
and maintain all requisite authority to conduct its business in each jurisdiction in which its business is conducted except to the extent
that the failure to do so would not reasonably be expected to have a Material Adverse Effect; provided that (i) the foregoing shall not
prohibit any merger, consolidation, liquidation or dissolution permitted under Section 6.03 and (ii) neither the Borrower nor any of
its Subsidiaries shall be required to preserve any right, license, permit, privilege, franchise, patent, copyright, trademark or trade
name if the Borrower or such Subsidiary shall determine that the preservation thereof is no longer desirable in the conduct of its business,
and that the loss thereof is not disadvantageous in any material respect to the Borrower, such Subsidiary or any Lender, and (b) carry
on and conduct its business in substantially the same manner and in substantially the same fields of enterprise as it is presently conducted.

 

SECTION
5.04. Payment of Obligations. Each Loan Party will, and will cause each Subsidiary to, pay or discharge all Material
Indebtedness and all other material liabilities and obligations, including material Taxes, before the same shall become delinquent
or in default, except where (a) the validity or amount thereof is being contested in good faith by appropriate proceedings and such
Loan Party has set aside on its books adequate reserves with respect thereto in accordance with GAAP or (b) the failure to make
payment pending such contest would not reasonably be expected to result in a Material Adverse Effect; provided, however, that each
Loan Party will, and will cause each Subsidiary to, remit withholding taxes and other payroll taxes to appropriate Governmental
Authorities as and when claimed to be due, notwithstanding the foregoing exception under clause (b) above.

 

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SECTION
5.05. Maintenance of Properties. Each Loan Party will, and will cause each Subsidiary to, keep and maintain all property material
to the conduct of its business in good working order and condition, ordinary wear and tear and casualty excepted.

 

SECTION
5.06. Books and Records; Inspection Rights. Each Loan Party will, and will cause each Subsidiary to, (a) keep proper books of
record and account in which full, true and correct entries in conformity with GAAP and applicable law are made of all material financial
dealings and transactions in relation to its business and activities and (b) permit any representatives designated by the Administrative
Agent or any Lender (including employees of the Administrative Agent, any Lender or any consultants, accountants, lawyers, agents and
appraisers retained by the Administrative Agent), upon reasonable prior written notice, to visit and inspect its properties, conduct
at the Loan Party’s premises field examinations of the Loan Party’s assets, liabilities, books and records, including examining
and making extracts from its books and records, environmental assessment reports and Phase I or Phase II studies, and to discuss its
affairs, finances and condition with its Financial Officers and, if a Financial Officer is present, its independent accountants, all
at such reasonable times and as often as reasonably requested; provided, however, that in no event shall such visitations, inspections
or examinations occur more frequently than once per calendar year provided that no Event of Default has occurred and is continuing. The
Loan Parties acknowledge that the Administrative Agent, after exercising its rights of inspection, may prepare and distribute to the
Lenders certain Reports pertaining to the Loan Parties’ assets for internal use by the Administrative Agent and the Lenders.

 

SECTION
5.07. Compliance with Laws and Material Contractual Obligations. Each Loan Party will, and will cause each Subsidiary to, (i)
comply with each Requirement of Law applicable to it or its property (including without limitation Environmental Laws) and (ii) perform
in all material respects its obligations under material agreements to which it is a party, except, in each case, where the failure to
do so, individually or in the aggregate, would not reasonably be expected to result in a Material Adverse Effect. Each Loan Party will
maintain in effect and enforce policies and procedures designed to ensure compliance by such Loan Party, its Subsidiaries and their respective
directors, officers, employees and agents with Anti-Corruption Laws and applicable Sanctions.

 

SECTION
5.08. Use of Proceeds.

 

(a)               
The proceeds of the Loans and the Letters of Credit will be used only to refinance existing Indebtedness of the Borrower owing to the
Lenders and to finance the working capital needs/for general corporate purposes of the Borrower and its Subsidiaries in the ordinary
course of business and to fund the Merger Effective Date Dividend. No part of the proceeds of any Loan and no Letter of Credit will be
used, whether directly or indirectly, (i) for any purpose that entails a violation of any of the Regulations of the Board, including
Regulations T, U and X.

 

(b)              
The Borrower will not request any Borrowing or Letter of Credit, and the Borrower shall not use, and shall procure that its Subsidiaries
and its or their respective directors, officers, employees and agents shall not use, the proceeds of any Borrowing or Letter of Credit
(a) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value,
to any Person in violation of any Anti-Corruption Laws, (b) for the purpose of funding, financing or facilitating any activities, business
or transaction of or with any Sanctioned Person, or in any Sanctioned Country, to the extent that such activities, businesses or transaction
would be prohibited by Sanctions if conducted by a corporation incorporated in the United States or the European Union, or (c) in any
manner that would result in the violation of any Sanctions applicable to any party hereto.

 

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SECTION
5.09. Accuracy of Information. The Loan Parties will ensure that any information, including financial statements or other documents,
furnished to the Administrative Agent or the Lenders in connection with this Agreement or any other Loan Document or any amendment or
modification hereof or thereof or waiver hereunder or thereunder contains no material misstatement of fact or omits to state any material
fact necessary to make the statements therein, taken as a whole, in the light of the circumstances under which they were made, not misleading,
when taken as a whole, and the furnishing of such information shall be deemed to be a representation and warranty by the Borrower on
the date thereof as to the matters specified in this Section 5.09; provided that, with respect to the Projections, the Loan Parties will
cause the Projections to be prepared in good faith based upon assumptions believed to be reasonable at the time.

 

SECTION
5.10. Insurance. Each Loan Party will, and will cause each Subsidiary to, maintain with financially sound and reputable carriers
(a) insurance in such amounts (with no greater risk retention) and against such risks and such hazards, as is maintained by the Borrower
and its Subsidiaries as of the Restatement Date and (b) all insurance required pursuant to the Collateral Documents. The Borrower will
furnish to the Lenders, upon request of the Administrative Agent, but no less frequently than annually, information in reasonable detail
as to the insurance so maintained.

 

SECTION
5.11. Material Contracts. Each Loan Party will perform and observe in all material respects all the terms and provisions of each
Material Contract to be performed or observed by it, and no Loan Party will take any action that would cause any such Material Contract
to not be in full force and effect, and cause each of its Subsidiaries to do so except, in each case, where the failure to do so, either
individually or in the aggregate, would not reasonably be expected to have a Material Adverse Effect.

 

SECTION
5.12. Casualty and Condemnation. The Borrower (a) will furnish to the Administrative Agent and the Lenders prompt written notice
of any casualty or other insured damage to any material portion of the Collateral or the commencement of any action or proceeding for
the taking of any material portion of the Collateral or interest therein under power of eminent domain or by condemnation or similar
proceeding and (b) will ensure that the Net Proceeds of any such event (whether in the form of insurance proceeds, condemnation awards
or otherwise) are collected and applied in accordance with the applicable provisions of this Agreement and the Collateral Documents.

 

SECTION
5.13. Depository Banks. The Borrower will maintain the Administrative Agent as its principal depository bank, including for the
maintenance of operating, administrative, cash management, collection activity, and other deposit accounts for the conduct of its business.

 

SECTION
5.14. Additional Collateral; Further Assurances.

 

(a)
Subject to applicable Requirements of Law, each Loan Party will cause each of its Subsidiaries formed or acquired after the date of
this Agreement to become a Loan Party (other than (x) any Excluded Subsidiaries (other than any CFC Subsidiary) (unless such
Excluded Subsidiary ceases to be an Excluded Subsidiary) and (y) any CFC Subsidiary to the extent such CFC Subsidiary becoming a
Loan Party would cause materially adverse tax consequences to the Borrower), within 30 days of formation or acquisition of such
Subsidiary (or, with respect to any Subsidiary of Merger Sub, on the Merger Effective Date), by executing a Joinder Agreement. Upon
execution and delivery thereof, each such Person (i) shall automatically become a Loan Guarantor hereunder and thereupon shall have
all of the rights, benefits, duties, and obligations in such capacity under the Loan Documents and (ii) will grant Liens to the
Administrative Agent, for the benefit of the Administrative Agent and the other Secured Parties, in any property of such Loan Party
which constitutes Collateral, including any parcel of real property located in the U.S. owned by any Loan Party.

 

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(b)               
Each Loan Party will cause 100% of the issued and outstanding Equity Interests of each of its Subsidiaries; provided that to the
extent such pledges with respect to any CFC Subsidiary would cause materially adverse tax consequences, such pledges will be limited
to (A) 65% of the issued and outstanding Equity Interests entitled to vote (within the meaning of Treas. Reg. Section 1.956-2(c)(2))
and (B)  100% of the issued and outstanding Equity Interests not entitled to vote (within the meaning of Treas. Reg. Section
1.956-2(c)(2)) in such CFC Subsidiary to be subject at all times to a first priority, perfected Lien in favor of the Administrative
Agent for the benefit of the Administrative Agent and the other Secured Parties, pursuant to the terms and conditions of the Loan
Documents or other security documents as the Administrative Agent shall reasonably request.

 

(c)               
Holdings will pledge and grant a first priority, perfected Lien in favor of the Administrative Agent in 100% of the issued and outstanding
Equity Interests of the Borrower.

 

(d)               
Without limiting the foregoing, each Loan Party will, and will cause each Subsidiary to, execute and deliver, or cause to be executed
and delivered, to the Administrative Agent such documents, agreements and instruments, and will take or cause to be taken such further
actions (including the filing and recording of financing statements, fixture filings, Mortgages and other documents and such other actions
or deliveries of the type required by Section 4.01, as applicable), which may be required by any Requirement of Law or which the Administrative
Agent may, from time to time, reasonably request to carry out the terms and conditions of this Agreement and the other Loan Documents
and to ensure perfection and priority of the Liens created or intended to be created by the Collateral Documents, all at the expense
of the Loan Parties.

 

(e)               
If any material assets (including any real property with a fair market value in excess of $10,000,000 or improvements thereto or any
interest therein) are acquired by any Loan Party after the Restatement Date (other than assets constituting Collateral under the Security
Agreement that become subject to the Lien under the Security Agreement upon acquisition thereof), the Borrower will (i) promptly, notify
the Administrative Agent and the Lenders thereof, and, if requested by the Administrative Agent or the Required Lenders, cause such assets
to be subjected to a Lien securing the Secured Obligations within 30 days of acquisition thereof and (ii) take, and cause each applicable
Loan Party to take, such actions as shall be necessary or reasonably requested by the Administrative Agent to grant and perfect such
Liens, including actions described in paragraph (c) of this Section, all at the expense of the Loan Parties. 

 

SECTION
5.15.Lender Meetings

 

The
Loan Parties will, upon the request of the Administrative Agent or the Required Lenders, participate in a meeting of the Administrative
Agent and the Lenders once during each fiscal year to be held at the Borrower’s corporate offices (or at such other location as
may be agreed to by the Borrower and Administrative Agent) at such time as may be agreed to by the Borrower and the Administrative Agent.

 

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SECTION
5.16.Post Closing Requirements.

 

The
Loan Parties shall perform or cause to be performed each of the conditions subsequent set forth in Schedule 5.16 within the time periods
specified therein.

 

SECTION
5.17.Merger.

 

(a)               
Merger Agreement. If the Merger Effective Date occurs, (i) the Merger shall have been consummated in accordance with the Merger
Agreement in all material respects (and no provision of the Merger Agreement shall have been waived, amended, supplemented or otherwise
modified (including any consents thereunder) in a manner material and adverse to the Lenders without the consent of the Required Lenders),
(ii) the consummation of the Merger will not (A) violate any Requirement of Law applicable to any Loan Party or any Subsidiary, (B) violate
or result in a default under any material indenture, agreement or other instrument binding upon any Loan Party or any Subsidiary or the
assets of any Loan Party or any Subsidiary, or give rise to a right thereunder to require any payment to be made by any Loan Party or
any Subsidiary, or (C) result in the creation or imposition of any Lien on any asset of any Loan Party or any Subsidiary, except Liens
permitted under the Loan Documents. 

 

(b)               
Joinder Documentation. The Loan Parties shall cause any Subsidiaries of Merger Sub to be joined as Loan Parties in accordance
with Section 5.14 on the Merger Effective Date

 

(c)               
Pledge Agreement. The Loan Parties shall deliver the PubCo Pledge Agreement to the Administrative Agent, duly executed by each
party thereto, on the Merger Effective Date and take all actions required thereunder.

  

ARTICLE
VI 

Negative
Covenants

 

Until
the Commitments shall have expired or been terminated and the principal of and interest on each Loan and all fees, expenses and other
amounts payable under any Loan Document shall have been paid in full and all Letters of Credit shall have expired or terminated (or shall
have been cash collateralized pursuant to arrangements reasonably satisfactory to the Administrative Agent and the Issuing Bank), in
each case without any pending draw, and all LC Disbursements shall have been reimbursed, each Loan Party executing this Agreement covenants
and agrees, jointly and severally with all of the other Loan Parties, with the Lenders that:

 

SECTION
6.01. Indebtedness. No Loan Party will, nor will it permit any Subsidiary to, create, incur, assume or suffer to exist any Indebtedness,
except:

 

 (a)                the Secured Obligations;

 

(b)               
Indebtedness existing on the date hereof and set forth in Schedule 6.01 (excluding, however, following the making of the initial Loan
hereunder, the Indebtedness to be repaid with the proceeds of such Loans as indicated on Schedule 6.01) and any amendments, modifications,
extensions, renewals, refinancings and replacements of any such Indebtedness in accordance with clause (f) hereof; 

 

(c)               
Indebtedness of the Borrower to any Subsidiary and of any Subsidiary to the Borrower or any other Subsidiary, provided that (i)
Indebtedness of any Subsidiary that is not a Loan Party to the Borrower or any other Loan Party shall be subject to Section 6.04 and
(ii) Indebtedness of any Loan Party to any Subsidiary that is not a Loan Party shall be subordinated to the Secured Obligations on terms
reasonably satisfactory to the Administrative Agent;

 

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(d)               
Guarantees by the Borrower of Indebtedness of any Subsidiary and by any Subsidiary of Indebtedness of the Borrower or any other Subsidiary,
provided that (i) the Indebtedness so Guaranteed is permitted by this Section 6.01, (ii) Guarantees by the Borrower or any other
Loan Party of Indebtedness of any Subsidiary that is not a Loan Party shall be subject to Section 6.04 and (iii) Guarantees permitted
under this clause (d) shall be subordinated to the Secured Obligations on the same terms as the Indebtedness so Guaranteed is subordinated
to the Secured Obligations;

 

(e)               
Indebtedness of the Borrower or any Subsidiary incurred to finance the acquisition, construction or improvement of any fixed or capital
assets (whether or not constituting purchase money Indebtedness), including Capital Lease Obligations and any Indebtedness assumed in
connection with the acquisition of any such assets or secured by a Lien on any such assets prior to the acquisition thereof, and amendments,
modifications, extensions, renewals, refinancings and replacements of any such Indebtedness in accordance with clause (f) below; provided
that (i) such Indebtedness is incurred prior to or within 180 days after such acquisition or the completion of such construction or improvement
and (ii) the aggregate outstanding principal amount of Indebtedness permitted by this clause (e) together with any Refinance Indebtedness
in respect thereof permitted by clause (f) below, shall not exceed at any time outstanding the greater of (x) $10,000,000 and (y) 10%
of EBITDA for the period of four fiscal quarters most recently ended as of such date of testing, in each case tested as of the date such
Indebtedness is incurred; 

 

(f)               
Indebtedness which represents amendments, modifications, extensions, renewals, refinancing or replacements (such Indebtedness being so
amended, modified, extended, renewed, refinanced or replaced being referred to herein as the “Refinance Indebtedness”) of
any of the Indebtedness described in clauses (b) and (e) and (i) and (j) hereof (such Indebtedness being referred to herein as the “Original
Indebtedness”); provided that (i) such Refinance Indebtedness does not increase the principal amount or interest rate of the Original
Indebtedness, (ii) any Liens securing such Refinance Indebtedness are not extended to any additional property of any Loan Party or any
Subsidiary, (iii) no Loan Party or any Subsidiary that is not originally obligated with respect to repayment of such Original Indebtedness
is required to become obligated with respect to such Refinance Indebtedness, (iv) such Refinance Indebtedness does not result in a shortening
of the average weighted maturity of such Original Indebtedness, (v)   the terms of such Refinance Indebtedness are not less
favorable to the obligor thereunder than the original terms of such Original Indebtedness and (vi) if such Original Indebtedness was
subordinated in right of payment to the Secured Obligations, then the terms and conditions of such Refinance Indebtedness must include
subordination terms and conditions that are at least as favorable to the Administrative Agent and the Lenders as those that were applicable
to such Original Indebtedness;

 

(g)               
Indebtedness owed to any Person providing workers’ compensation, health, disability or other employee benefits or property, casualty
or liability insurance, pursuant to reimbursement or indemnification obligations to such Person, in each case incurred in the ordinary
course of business; 

 

(h)               
Indebtedness of any Loan Party in respect of performance bonds, bid bonds, appeal bonds, surety bonds and similar obligations, in each
case provided in the ordinary course of business, including guaranties or obligations with respect to letters of credit supporting such
performance bonds, bid bonds, appeal bonds, surety bonds and similar obligations;

 

(i)                
Indebtedness of any Person that becomes a Subsidiary after the date hereof; provided that (i) such Indebtedness exists at the
time such Person becomes a Subsidiary and is not created in contemplation of or in connection with such Person becoming a
Subsidiary, (ii) such Indebtedness is either purchase money Indebtedness or a Capitalized Lease with respect to Equipment or
mortgage financing with respect to Real Property, and (iii) the aggregate principal amount of Indebtedness permitted by this clause
(i) together with any Refinance Indebtedness in respect thereof permitted by clause (f) above, shall not exceed $5,000,000 at any
time outstanding;

 

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(j)                
Indebtedness of the Borrower and their respective Subsidiaries under Hedge Agreements, provided such Hedge Agreements have been entered
into in the ordinary course of business and not for speculative purposes;

 

(k)               
unsecured Indebtedness representing deferred compensation or similar obligations to employees, officers and directors incurred (i) in
the ordinary course of business or (ii) in connection with any Permitted Acquisition in an amount not to exceed $5,000,000;

 

(l)                
Indebtedness in respect of judgments or awards under circumstances not giving rise to an Event of Default under Section 7.01(k);

 

(m)             
Indebtedness consisting of deferred payments or financing of insurance premiums incurred in the ordinary course of business of the Borrower
or any of its Subsidiaries;

 

 (n)             
 Indebtedness permitted under Section 6.04(d)

 

(o)               
on or after the Merger Effective Date, Unsecured Indebtedness under the Permitted Convertible Notes in an aggregate principal amount
not to exceed $130,000,000; and

 

(p)               
other unsecured Indebtedness of Borrower or its Subsidiaries in an aggregate principal amount not exceeding at any time outstanding the
greater of (x) $5,000,000 and (y) 5% of EBITDA for the period of four fiscal quarters most recently ended as of such date of testing,
in each case tested as of the date such Indebtedness is incurred.

 

SECTION
6.02. Liens. No Loan Party will, nor will it permit any Subsidiary to, create, incur, assume or permit to exist any Lien on any
property or asset now owned or hereafter acquired by it, or assign or sell any income or revenues (including Accounts) or rights in respect
of any thereof, except:

 

 (a)               
 Liens created pursuant to any Loan Document;

 

 (b)              
 Permitted Encumbrances;

 

(c)               
any Lien on any property or asset of the Borrower or any Subsidiary existing on the date hereof and set forth in Schedule 6.02
and any amendments, modifications, extensions, refinancings, renewals and replacements thereof; provided that (i) such Lien shall
not apply to any other property or asset of the Borrower or any Subsidiary, other than improvements thereon and proceeds from the disposition
of such property or asset and (ii) such Lien shall secure only those obligations which it secures on the date hereof and amendments,
modifications, extensions, refinancings, renewals and replacements thereof that do not increase the outstanding principal amount thereof;

 

(d)               
Liens on fixed or capital assets acquired, constructed or improved by the Borrower or any Subsidiary; provided that (i) such Liens
secure Indebtedness or Capital Lease Obligations permitted by clause (e) of Section 6.01, (ii) such Liens and the Indebtedness secured
thereby are incurred prior to or within 180 days after such acquisition or the completion of such construction or improvement, (iii)
the Indebtedness secured thereby does not exceed the cost of acquiring, constructing or improving such fixed or capital assets and (iv)
such Liens shall not apply to any other property or assets of the Borrower or any Subsidiary other than improvements thereon or proceeds
from the disposition of such property or assets; 

 

    - 85 -

     

    

 

(e)               
any Lien existing on any Real Property or fixed asset prior to the acquisition thereof by the Borrower or any Subsidiary or existing
on any Real Property or fixed of any Person that becomes a Loan Party after the date hereof prior to the time such Person becomes a
Loan Party and any amendments, modifications, extensions, refinancings, renewals and replacements thereof; provided that
(i)  such Lien is not created in contemplation of or in connection with such acquisition or such Person becoming a Loan Party,
as the case may be, (ii) such Lien shall not apply to any other property or assets of the Loan Party and (iii) such Lien shall
secure only those obligations which it secures on the date of such acquisition or the date such Person becomes a Loan Party, as the
case may be, and amendments, modifications, extensions, refinancings, renewals and replacements thereof that do not increase the
outstanding principal amount thereof;

 

(f)                
Liens of a collecting bank arising in the ordinary course of business under Section 4-208 of the UCC in effect in the relevant jurisdiction
covering only the items being collected upon; 

 

 (g)                Liens arising out of Sale and Leaseback Transactions permitted by Section 6.06;

 

(h)               
Liens granted by a Subsidiary that is not a Loan Party in favor of the Borrower or another Loan Party in respect of Indebtedness owed
by such Subsidiary; and

 

(i)                
other Liens that do not secure borrowed money as to which the aggregate amount of the obligations secured thereby does not exceed $5,000,000.

 

SECTION
6.03. Fundamental Changes.

 

(a)               
No Loan Party will, nor will it permit any Subsidiary to, merge into or consolidate with any other Person, or permit any other Person
to merge into or consolidate with it, or liquidate or dissolve, except that, if at the time thereof and immediately after giving effect
thereto no Event of Default shall have occurred and be continuing, (i) any Person (other than Holdings) may merge into or consolidate
with the Borrower in a transaction in which the surviving entity is the Borrower, (ii) any Person (other than Holdings) may merge into
or consolidate with any Subsidiary in a transaction in which the surviving entity is a Subsidiary and, if any party to such merger or
consolidation is a Loan Party, such surviving entity is a Subsidiary or becomes a Subsidiary that is a Loan Party concurrently with such
merger or consolidation, (iii)  any Subsidiary that is not a Loan Party may liquidate or dissolve if the Borrower determines in
good faith that such liquidation or dissolution is in the best interests of the Borrower and is not materially disadvantageous to the
Lenders, and (iv) Pubco, Merger Sub, Holdings and LLR Equity Partners IV, L.P may effectuate the Merger prior to the Outside Merger Date
in all material respects in accordance with the Merger Agreement, provided that no provision of the Merger Agreement shall have
been waived, amended, supplemented or otherwise modified (including any consents thereunder) in a manner material and adverse to the
Lenders without the consent of Lenders holding at least 50.1% of the Commitments (such consent not to be unreasonably withheld, delayed
or conditioned); and provided, further that any such merger or consolidation involving a Person that is not a wholly owned
Subsidiary immediately prior to such merger shall not be permitted unless also permitted by Section 6.04.

 

(b)               
No Loan Party will, nor will it permit any Subsidiary to, engage in any business other than businesses of the type conducted by the Borrower
and its Subsidiaries on the date hereof and any business activities that are substantially similar, related or incidental thereto.

 

(c)               
No Loan Party will, nor will it permit any Subsidiary to change its fiscal year or any fiscal quarter from the basis in effect on the
Restatement Date.

 

    - 86 -

     

    

 

(d)               
No Loan Party will change the accounting basis upon which its financial statements are prepared.

 

 (e)                No Loan Party will change the tax filing elections it has made under the Code.

 

(f)                
Holdings will not engage in any business or activity other than the ownership of all of the outstanding Equity Interests of the Borrower
and activities incidental thereto. Holdings will not own or acquire any assets (other than Equity Interests of the Borrower and the cash
proceeds of any Restricted Payments permitted by Section 6.08) or incur any liabilities (other than liabilities under the Loan Documents
and liabilities reasonably incurred in connection with its maintenance of its existence and its activities incidental to holding the
Equity Interests of the Borrower (including the incurrence of D&O insurance and engaging auditors)).

 

SECTION
6.04. Investments, Loans, Advances, Guarantees and Acquisitions. No Loan Party will, nor will it permit any Subsidiary to, or
form any subsidiary after the Restatement Date in order to, purchase, hold or acquire (including pursuant to any merger with any Person
that was not a Loan Party and a wholly owned Subsidiary prior to such merger) any Equity Interests, evidences of indebtedness or other
securities (including any option, warrant or other right to acquire any of the foregoing) of, make or permit to exist any loans or advances
to, Guarantee any obligations of, or make or permit to exist any investment or any other interest in, any other Person, or purchase or
otherwise acquire (in one transaction or a series of transactions) all or substantially all of the assets of any Person or any assets
of any other Person constituting a business unit (whether through purchase of assets, merger or otherwise), except:

 

(a)               
Permitted Investments, subject to control agreements in favor of the Administrative Agent for the benefit of the Secured Parties or otherwise
subject to a perfected security interest in favor of the Administrative Agent for the benefit of the Secured Parties;

 

(b)              
investments in existence on the date hereof and described in Schedule 6.04 and any modification, replacement, renewal or extension
thereof to the extent not involving any additional investment;

 

(c)               
investments by Holdings, the Borrower and the Subsidiaries in Equity Interests in their respective Subsidiaries, provided that
(i) any such Equity Interests held by a Loan Party shall be pledged pursuant to the Security Agreement (subject to the limitations applicable
to Equity Interests of a foreign Subsidiary referred to in Section 5.14) and (ii) the aggregate amount of investments by Loan Parties
in Subsidiaries that are not Loan Parties (together with outstanding intercompany loans permitted under Section 6.04(d) and outstanding
Guarantees permitted under Section 6.04(e)) shall not exceed at any time outstanding the greater of (x) $5,000,000 and (y) 5% of EBITDA
for the period of four fiscal quarters most recently ended as of such date of testing, in each case determined without regard to any
write-downs or write-offs and tested as of the date such investment is made;

 

(d)               
loans or advances (x) made by any Loan Party to any Subsidiary, (y) made by any Subsidiary to a Loan Party or any other Subsidiary and
(z) after the Merger Effective Date, made by Holdings to PubCo, provided that (i) any such loans and advances in excess of $2,000,000
made by a Loan Party shall be evidenced by a promissory note pledged pursuant to the Security Agreement, (ii) the amount of such loans
and advances made by Loan Parties to Subsidiaries that are not Loan Parties (together with outstanding investments permitted under Section
6.04(c) and outstanding Guarantees permitted under Section 6.04(e)) shall not exceed $2,000,000 at any time outstanding (in each case
determined without regard to any write-downs or write-offs) and (iii) the amount of such loans and advances made to Holdings or by Holdings
to PubCo, together with any Restricted Payments made to Holdings and/or PubCo pursuant to Section 6.08(a)(iii)(x), shall not exceed $8,000,000
in the aggregate in any fiscal year of Holdings; 

 

    - 87 -

     

    

 

(e)               
 Guarantees constituting Indebtedness permitted by Section 6.01, provided that the aggregate principal amount of Indebtedness
of Subsidiaries that are not Loan Parties that is Guaranteed by any Loan Party (together with outstanding investments permitted under
clause (ii) to the proviso to Section 6.04(c) and outstanding intercompany loans permitted under clause (ii) to the proviso to Section
6.04(d)) shall not exceed $2,000,000 at any time outstanding in each case determined without regard to any write-downs or write-offs;

 

(f)                
loans or advances made by a Loan Party (other than Holdings) (i) to its employees on an arms-length basis in the ordinary course of business
consistent with past practices for travel and entertainment expenses, relocation costs (including, without limitation, moving expenses,
costs of replacement homes, business machines or supplies, automobiles and other similar expenses) and similar purposes up to a maximum
of $2,000,000 in the aggregate at any time outstanding as of the date of such investment and (ii) after the Merger Effective Date, to
members of management, employees, consultants, officers and directors in connection with such Person’s purchase of equity interests
of PubCo in an aggregate amount not to exceed at any time outstanding the greater of (x) $2,500,000 and (y) 2.50% of EBITDA for the period
of four fiscal quarters most recently ended as of such date of testing, in each case tested as of the date such loan or advance is made;

 

(g)               
notes payable, or stock or other securities issued by Account Debtors to a Loan Party pursuant to negotiated agreements with respect
to settlement of such Account Debtor’s Accounts in the ordinary course of business, consistent with past practices;

 

 (h)                investments in the form of Swap Agreements permitted by Section 6.07;

 

(i)                
investments of any Person existing at the time such Person becomes a Subsidiary of the Borrower or consolidates or merges with the Borrower
or any Subsidiary (including in connection with a permitted acquisition), so long as such investments were not made in contemplation
of such Person becoming a Subsidiary or of such merger;

 

(j)               
investments received in connection with the disposition of assets permitted by Section 6.05;

 

(k)               
investments constituting deposits described in clauses (c) and (d) of the definition of the term “Permitted Encumbrances”;

 

(l)                
earnest money deposits made in connection with any letter of intent or purchase agreement permitted under this Agreement;

 

(m)             
investments in any joint venture or partnership between any Loan Party (other than Holdings) or any Subsidiary, on the one hand, and
another person which is not a Loan Party or a Subsidiary, on the other hand, in an aggregate amount for all such investments not to exceed
at any time outstanding the greater of (x) $5,000,000 and (y) 5% of EBITDA for the period of four fiscal quarters most recently ended
as of such date of testing, in each case, tested as of the date such investment is made;

 

(n)               
investments in the form of financings of Equipment with trade partners by the Borrower and its Subsidiaries, in an aggregate amount for
all such investments not to exceed $1,000,000 at any one time outstanding;

 

 (o)                investments in Permitted Acquisitions by any Loan Party (other than Holdings);

 

    - 88 -

     

    

 

(p)               
 extensions of trade credit including the holding of receivables related thereto in the ordinary course of business and

 

(q)               
other investments by the Borrower or any Subsidiary of the Borrower in any other Person (other than Holdings, the Borrower or any of
its Subsidiaries) made after the Restatement Date and not permitted pursuant to this Section 6.04, provided that (i) at the time of making
any such investment no Event of Default shall have occurred and be continuing, or would result therefrom, and (ii) the maximum aggregate
amount of all such investments that are so made pursuant to this clause (q) and outstanding at any time shall not exceed at any time
the greater of (x) $3,000,000 and (y) 3% of EBITDA for the period of four fiscal quarters most recently ended as of such date of testing,
in each case, taking into account the repayment of any loans or advances comprising such investments and tested as of the date such investment
is made.

 

SECTION
6.05. Asset Sales. No Loan Party will, nor will it permit any Subsidiary to, sell, transfer, lease or otherwise dispose of any
asset, including any Equity Interest owned by it, nor will the Borrower permit any Subsidiary to issue any additional Equity Interest
in such Subsidiary (other than to the Borrower or another Subsidiary in compliance with Section 6.04), except:

 

(a)               
sales, transfers and dispositions of (i) Inventory in the ordinary course of business and (ii) used, obsolete, worn out or surplus Equipment
or property in the ordinary course of business; 

 

(b)              
sales, transfers and dispositions of assets to the Borrower or any Subsidiary, provided that any such sales, transfers or dispositions
involving a Subsidiary that is not a Loan Party shall be made in compliance with Section 6.09;

 

(c)               
sales, transfers and dispositions of Accounts (excluding sales or dispositions in a factoring arrangement) in connection with the compromise,
settlement or collection thereof;

 

(d)               
sales, transfers and dispositions of Permitted Investments and other investments permitted by clauses (i) and (k) of Section 6.04;

 

 (e)                Sale and Leaseback Transactions permitted by Section 6.06;

 

(f)              
dispositions resulting from any casualty or other insured damage to, or any taking under power of eminent domain or by condemnation or
similar proceeding of, any property or asset of the Borrower or any Subsidiary;

 

(g)               
dispositions of equipment or Real Property to the extent that (i) such property is exchanged for credit against the purchase price of
similar replacement property or (ii) the proceeds of such disposition are reasonably promptly applied to the purchase price of such replacement
property; and

 

(h)               
in addition to any sales, transfers and dispositions permitted above, the Borrower and their Subsidiaries may consummate any sale, transfer
or disposition, provided that (i) in the case of any sale, transfer or disposition involving consideration in excess of $2,500,000, at
least five Business Days prior to the date of completion of such sale, transfer or disposition, the Borrower shall have delivered to
the Administrative Agent an officer’s certificate executed by an authorized officer of the Borrower, which certificate shall contain
(A) a description of the proposed transaction, the date such transaction is scheduled to be consummated, the estimated sale price or
other consideration for such transaction, and (B) a certification that no Event of Default has occurred and is continuing, or would result
from consummation of such transaction; and (ii) the aggregate amount of all such sales, transfers or dispositions made pursuant to this
subpart during any fiscal year of the Borrower shall not exceed the greater of (x) $5,000,000 and (y) 5% of the total assets (other
than cash and cash equivalents) of the Loan Parties and their Subsidiaries as of such date of testing in any fiscal year, in each case,
tested as of the time of such disposition;

 

    - 89 -

     

    

 

provided
that all sales, transfers, leases and other dispositions permitted under this Section 6.05 (other than those permitted by paragraphs
(b), (d), (f) and (g) above) shall be made for fair value and for at least 90% cash consideration.

 

SECTION
6.06. Sale and Leaseback Transactions. No Loan Party will, nor will it permit any Subsidiary to, enter into any arrangement, directly
or indirectly, whereby it shall sell or transfer any property, real or personal, used or useful in its business, whether now owned or
hereafter acquired, and thereafter rent or lease such property or other property that it intends to use for substantially the same purpose
or purposes as the property sold or transferred (a “Sale and Leaseback Transaction”), except for any such sale of
any fixed or capital assets by the Borrower or any Subsidiary that is made for cash consideration in an amount not less than the fair
value of such fixed or capital asset and is consummated within 90 days after the Borrower or such Subsidiary acquires or completes the
construction of such fixed or capital asset.

 

SECTION
6.07. Swap Agreements. No Loan Party will, nor will it permit any Subsidiary to, enter into any Swap Agreement, except (a) Swap
Agreements entered into to hedge or mitigate risks to which the Borrower or any Subsidiary has actual exposure (other than those in respect
of Equity Interests of the Borrower or any Subsidiary), and (b) Swap Agreements entered into in order to effectively cap, collar or exchange
interest rates (from floating to fixed rates, from one floating rate to another floating rate or otherwise) with respect to any interest-bearing
liability or investment of the Borrower or any Subsidiary.

 

SECTION
6.08. Restricted Payments; Certain Payments of Indebtedness.

 

(a)
No Loan Party will, nor will it permit any Subsidiary to, declare or make, or agree to declare or make, directly or indirectly, any Restricted
Payment, or incur any obligation (contingent or otherwise) to do so, except:

 

(i)               
Holdings, the Borrower or any of its Subsidiaries may declare and pay or make Restricted Payments that are payable solely in additional
shares of its common stock (or warrants, options or other rights to acquire additional shares of its common stock); 

 

(ii)              
any Subsidiary of the Borrower may declare and pay or make Restricted Payments to the Borrower or any Loan Party (other than Holdings),
and (ii) any foreign Subsidiary of the Borrower may declare and pay or make Restricted Payments to any other foreign Subsidiary, the
Borrower or any other Loan Party (other than Holdings);

 

(iii)             
after the Merger Effective Date, the Borrower may make Restricted Payments to allow Holdings to make, and, after the Merger Effective
Date, Holdings may make Restricted Payments to PubCo (w) to fund the cost of D&O insurance of PubCo in an amount not to exceed $6,000,000
in the aggregate in any fiscal year of Holdings, (x) to fund other operational expenses of Holdings and PubCo consistent with the limitations
of Section 6.03(f) in an amount, together with the amount of any loans or advances to Holdings pursuant to Section 6.04(d), not to exceed
$8,000,000 in the aggregate in any fiscal year of Holdings, (y) to allow Holdings to make Permitted Tax Distributions, and Holdings may
make such Permitted Tax Distributions and (z) to make semi-annual payments of interest in cash to the holders of the Permitted Convertible
Notes in accordance with the terms thereof; provided, that if the Merger Effective Date does not occur, the Borrower may make
Restricted Payments to Holdings (i) to fund the operational expenses of Holdings consistent with the limitations of Section 6.03(f) in
an amount, together with the amount of any loans or advances to Holdings pursuant to Section 6.04(d), not to exceed $500,000 in the aggregate
in any fiscal year of Holdings and (ii) to allow Holdings to make Permitted Tax Distributions, and Holdings may make such Permitted Tax
Distributions;

 

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(iv)            
so long as no Event of Default has occurred and is continuing or would result therefrom and so long as prior to and immediately after
giving effect thereto, (x) (A) the Borrower’s Senior Secured Leverage Ratio for the period of four consecutive fiscal quarters
ended on or most recently prior to such date would be less than 1.00 to 1.00 or (B) after the Merger Effective Date, the Borrower’s
Senior Secured Leverage Ratio for the period of four consecutive fiscal quarters ended on or most recently prior to such date would be
less than 2.00 to 1.00, in each case, after giving pro forma effect to such Restricted Payment, and (y) the Borrower’s Debt Service
Coverage Ratio for the period of four consecutive fiscal quarters ended on or most recently prior to such date would be greater than
(A) 1.25 to 1.00 or (B) after the Merger Effective Date, 1.20 to 1.00, in each case, after giving pro forma effect to such Restricted
Payment, the Borrower may make Capital Distributions to Holdings and (after the Merger Effective Date) Holdings may make Capital Distributions
to PubCo;

 

(v)             
after the Merger Effective Date, the holders of Equity Interests of Holdings (other than PubCo) may exchange such interests for Class
A Common stock of PubCo (or for payment by PubCo of the cash equivalent of such shares;

 

(vi)             
(A) so long as no Event of Default has occurred and is continuing or would result therefrom, prior to the Merger Effective Date, the
Borrower may pay or make distributions to the Sponsor to pay management, monitoring, consulting, transaction, oversight, advisory and
similar fees in an amount not to exceed $75,000 in any fiscal year; provided that, (1) if the Borrower is unable to pay such management
fees in accordance with this clause (vi) due to the existence of an Event of Default or the fact that an Event of Default would result
therefrom, the Borrower may pay such unpaid fees in full or in part upon the earlier of (x) the cure or waiver of such Event of Default
(or upon such time as the making of such payment will not result in an Event of Default) and (y) the Merger Effective Date or (2) if
the Sponsor waives payment of such fees at any time, the Borrower may pay such unpaid fees in full or in part in any subsequent Fiscal
Quarter, so long as no Event of Default has occurred and is continuing or would result therefrom and (B) the Borrower shall be permitted
to reimburse the Sponsor for out-of-pocket expenses and any indemnitees incurred prior to the Merger Effective Date;

 

(vii)           
the Borrower may make the Merger Effective Date Dividend no earlier than two Business Days prior to the Merger Effective Date (provided,
for the avoidance of doubt, that if the Merger Effective Date Dividend is made, the failure of the Borrower to consummate the Merger
within two Business Days of the date the Merger Effective Date Dividend is made shall constitute an Event of Default); and

 

(viii)         
so long as no Default or Event of Default has occurred and is continuing or would result therefrom, Borrower and Holdings may (i) declare
and make payments and distributions to present, future and former employees, officers, or directors of Borrower and its Subsidiaries
(and any spouses, ex-spouses, successors, executors, administrators, legatees, distributees, heirs, or estates of any of the foregoing)
on account of redemptions of Equity Interests of Holdings held by such Persons in an aggregate amount not to exceed in any fiscal
year the greater of (x) $5,000,000 and (y) 5% of EBITDA for such fiscal year, tested as of the time of such payments and distributions,
(ii) make cash distributions to permit any direct or indirect parent company of Holdings to make payments and distributions to present,
future and former employees, officers, or directors of Borrower and its Subsidiaries (and any spouses, ex-spouses, successors, executors,
administrators, legatees, distributees, heirs, or estates of any of the foregoing) on account of redemptions of Equity Interests of any
direct or indirect parent company of Holdings held by such Persons (provided, that such repurchases shall be deemed to occur upon the
exercise of stock options or warrants or the settlement or vesting of other equity incentive awards), provided, however, that the aggregate
amount of such redemptions and distributions made by Borrower during any fiscal year shall not exceed $2,500,000 in the aggregate.

 

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(b)
         No Loan Party will, nor will it permit any Subsidiary to, make or agree to pay or make, directly or indirectly, any payment or other
distribution (whether in cash, securities or other property) of or in respect of principal of or interest on any Indebtedness, or any
payment or other distribution (whether in cash, securities or other property), including any sinking fund or similar deposit, on account
of the purchase, redemption, retirement, acquisition, cancellation or termination of any Indebtedness, except:

 

		(i)	payment
                                            of Indebtedness created under the Loan Documents;

 

		(ii)	refinancings
                                            of Indebtedness to the extent permitted by Section 6.01;

 

		(iii)	scheduled
                                            payments of Indebtedness permitted under the Loan Documents; and

 

(iv)        payment of secured Indebtedness that becomes due as a result of the voluntary sale or transfer of the property or assets securing such
Indebtedness to the extent such sale or transfer is permitted by the terms of Section 6.05.

 

SECTION
6.09. Transactions with Affiliates. No Loan Party will, nor will it permit any Subsidiary to, sell, lease or otherwise transfer
any property or assets to, or purchase, lease or otherwise acquire any property or assets from, or otherwise engage in any other transactions
with, any of its Affiliates, except (a) transactions that (i) are in the ordinary course of business and (ii) are at prices and on terms
and conditions not less favorable to such Loan Party or such Subsidiary than could be reasonably obtained on an arm’s-length basis
from unrelated third parties, (b) transactions between or among the Loan Parties not involving any other Affiliate, (c) any investment
permitted by Sections 6.04(c) or 6.04(d), (d) any Indebtedness permitted under Section 6.01(c), (e) any Restricted Payment permitted
by Section 6.08, (f) loans or advances to employees permitted under Section 6.04(f), (g) the payment of reasonable fees to directors
of the Borrower or any Subsidiary who are not employees of the Borrower or any Subsidiary, and compensation and employee benefit arrangements
paid to, and indemnities provided for the benefit of, directors, officers or employees of the Borrower or its Subsidiaries in the ordinary
course of business, (h) any issuances of securities or other payments, awards or grants in cash, securities or otherwise pursuant to,
or the funding of, employment agreements, stock options and stock ownership plans approved by the Borrower’s board of directors.

 

SECTION
6.10. Restrictive Agreements. No Loan Party will, nor will it permit any Subsidiary to, directly or indirectly enter into,
incur or permit to exist any agreement or other arrangement that prohibits, restricts or imposes any condition upon (a) the ability
of such Loan Party or any Subsidiary to create, incur or permit to exist any Lien upon any of its property or assets (other than as
permitted under Section 6.02), or (b) the ability of any Subsidiary to pay dividends or other distributions with respect to any
Equity Interests or to make or repay loans or advances to the Borrower or any other Subsidiary or to Guarantee Indebtedness of the
Borrower or any other Subsidiary; provided that (i) the foregoing shall not apply to (A) restrictions and conditions imposed
by any Requirement of Law or by any Loan Document, (B) restrictions and conditions existing on the date hereof identified on
Schedule 6.10 and any amendments or modifications thereof that do not materially expand the scope of any such restriction or
condition taken as a whole, (C) customary restrictions and conditions contained in agreements relating to the sale of a Subsidiary
pending such sale, provided such restrictions and conditions apply only to the Subsidiary that is to be sold and such sale is
permitted hereunder, (D) customary restrictions or conditions contained in any agreement relating to the disposition of any property
permitted by Section 6.03 pending the consummation of such disposition, (E) restrictions in the transfer of assets encumbered by a
Lien permitted by Section 6.02(d), (F) customary provisions restricting assignment of any agreement entered into in the ordinary
course of business, (G) restrictions on cash or other deposits (including escrowed funds) imposed under contracts entered into in
the ordinary course of business; provided that such restrictions and conditions apply only to such Subsidiary and to any Equity
Interests in such Subsidiary; (ii) clause (a) of the foregoing shall not apply to restrictions or conditions imposed by any
agreement relating to secured Indebtedness permitted by this Agreement if such restrictions or conditions apply only to the property
or assets securing such Indebtedness; and (iii) clause (a) of the foregoing shall not apply to customary provisions in leases
restricting the assignment thereof.

 

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SECTION
6.11. Amendment of Organizational Documents. No Loan Party will, nor will it permit any Subsidiary to, amend, modify or waive
any of its rights under its charter, articles or certificate of organization or incorporation and bylaws or operating, management or
partnership agreement, or other organizational or governing documents, to the extent any such amendment, modification or waiver would
be materially adverse to the Lenders.

 

SECTION
6.12. Financial Covenants.

 

(a)               
Debt Service Coverage Ratio. Holdings will not permit the Debt Service Coverage Ratio, on the last day of any fiscal quarter commencing
December 31, 2020, for the trailing four quarter period ending on such date, to be less than the ratio of 1.20:1.0.

 

(b)               
Senior Secured Leverage Ratio. Holdings will not permit the Senior Secured Leverage Ratio, on the last day of any fiscal quarter,
for the trailing four quarter period ending on such date, set forth opposite the applicable date below, to be greater than the ratio
set forth below opposite such date: 

 

	Period	Ratio
	December
    31, 2021 through and including	3.25
    to 1.0
	December
    31, 2022	 
	March
    31, 2023 through and including June 30,	3.00
    to 1.0
	2023	 
	September
    30, 2023 through and including	2.75
    to 1.0
	December
    31, 2023	 
	March
    31, 2024 and the last day of each fiscal	2.50
    to 1.0
	quarter
    ending thereafter	 

 

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(c)
               Equity Cure. For purposes of determining
compliance with clauses (a) and (b) of this Section 6.12, any cash equity contribution (which equity shall be common equity or other
equity on terms reasonably acceptable to the Administrative Agent) made to the Borrower (either directly or indirectly) on or
prior to the day that is ten (10) Business Days after the day on which financial statements are required to be delivered for a
fiscal quarter or fiscal year pursuant to Section 5.01 hereof and designated on the date of such contribution as a
 “Specified Equity Contribution” (each such designation, an “Equity Cure”) will, at the request
of the Borrower, be included in the calculation of EBITDA for the purposes of determining compliance with clauses (a) and (b) of
this Section at the end of such fiscal quarter or fiscal year and applicable subsequent periods (any such equity contribution so
included in the calculation of EBITDA, a “Specified Equity Contribution”), provided that (i) no more than two
Specified Equity Contributions may be made in any period of four consecutive fiscal quarters, (ii) no more than five Specified
Equity Contributions may be made during the term of this Agreement, (iii) the amount of any Specified Equity Contribution shall be
no greater than 100% of the amount required to cause Holdings to be in compliance with clauses (a) and (b) of this Section 6.12,
(iv) all Specified Equity Contributions shall be disregarded for all other purposes herein other than determining compliance with
the covenants in clauses (a) and (b) of this Section 6.12
and shall not result in any pro forma reduction of Indebtedness or increase in cash with respect to the fiscal quarter with respect
to which such Specified Equity Contribution was made, and (v) no Lender or Issuing Bank shall be required to make any extension of
credit hereunder if an Event of Default under the covenants set forth in Sections 6.12(a) or (b) has occurred and is continuing
during the ten (10) Business Day period during which Borrower may exercise an Equity Cure unless and until the Specified Equity
Contribution is actually received.

 

ARTICLE
VII 

Events
of Default

 

If
any of the following events (“Events of Default”) shall occur:

 

(a)               
the Borrower shall fail to pay any principal of any Loan or any reimbursement obligation in respect of any LC Disbursement when and as
the same shall become due and payable, whether at the due date thereof or at a date fixed for prepayment thereof or otherwise;

 

(b)               
the Borrower shall fail to pay any interest on any Loan or any fee or any other amount (other than an amount referred to in clause (a)
of this Article) payable under this Agreement or any other Loan Document, when and as the same shall become due and payable, and such
failure shall continue unremedied for a period of five (5) Business Days;

 

(c)               
any representation or warranty made or deemed made by or on behalf of any Loan Party or any Subsidiary in, or in connection with, this
Agreement or any other Loan Document or any amendment or modification hereof or thereof or waiver hereunder or thereunder, or in any
report, certificate, financial statement or other document furnished pursuant to or in connection with this Agreement or any other Loan
Document or any amendment or modification hereof or thereof or waiver hereunder or thereunder, shall prove to have been materially incorrect
when made or deemed made;

 

(d)               
any Loan Party shall fail to observe or perform any covenant, condition or agreement contained in Sections 5.02(a), 5.03 (with respect
to a Loan Party’s existence), 5.08, 5.16 or 5.17 or in Article VI or in Article IV of the Security Agreement;

 

(e)               
any Loan Party shall fail to observe or perform any covenant, condition or agreement contained in this Agreement or any other Loan Document
(other than those specified in clause (a), (b) or (d)), and such failure shall continue unremedied for a period of (i) 5 days after the
earlier of any Loan Party’s knowledge of such breach or notice thereof from the Administrative Agent (which notice will be given
at the request of any Lender) if such breach relates to terms or provisions of Sections 5.01, 5.02 (other than Section 5.02(a)), 5.03
through 5.07, 5.10, 5.11 or 5.13 of this Agreement or (ii) 30 days after the earlier of any Loan Party’s knowledge of such breach
or notice thereof from the Administrative Agent (which notice will be given at the request of any Lender) if such breach relates
to terms or provisions of any other Section of this Agreement or any other Loan Document;

 

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(f)                
any Loan Party or any Subsidiary shall fail to make any payment (whether of principal or interest and regardless of amount) in respect
of any Material Indebtedness, when and as the same shall become due and payable, which is not cured within any applicable grace period
therefor;

 

(g)               
any event or condition occurs that results in any Material Indebtedness becoming due prior to its scheduled maturity or that enables
or permits, after the expiration of any applicable grace period provided in the applicable agreement or instrument under which such Indebtedness
was created, the holder or holders of any Material Indebtedness or any trustee or agent on its or their behalf to cause any Material
Indebtedness to become due, or to require the prepayment, repurchase, redemption or defeasance thereof, prior to its scheduled maturity;
provided that this clause (g) shall not apply to secured Indebtedness that becomes due as a result of the voluntary sale or transfer
of the property or assets securing such Indebtedness to the extent such sale or transfer is permitted by the terms of Section 6.05;

 

(h)               
an involuntary proceeding shall be commenced or an involuntary petition shall be filed seeking (i) liquidation, reorganization or other
relief in respect of a Loan Party or Subsidiary or its debts, or of a substantial part of its assets, under any federal, state or foreign
bankruptcy, insolvency, receivership or similar law now or hereafter in effect or (ii) the appointment of a receiver, trustee, custodian,
sequestrator, conservator or similar official for any Loan Party or any Subsidiary or for a substantial part of its assets, and, in any
such case, such proceeding or petition shall continue undismissed for sixty (60) days or an order or decree approving or ordering
any of the foregoing shall be entered;

 

(i)                
any Loan Party or any Subsidiary shall (i) voluntarily commence any proceeding or file any petition seeking liquidation, reorganization
or other relief under any federal, state or foreign bankruptcy, insolvency, receivership or similar law now or hereafter in effect, (ii)
consent to the institution of, or fail to contest in a timely and appropriate manner, any proceeding or petition described in clause
(h) of this Article, (iii) apply for or consent to the appointment of a receiver, trustee, custodian, sequestrator, conservator or similar
official for such Loan Party or Subsidiary of any Loan Party or for a substantial part of its assets, (iv) file an answer admitting the
material allegations of a petition filed against it in any such proceeding, (v) make a general assignment for the benefit of creditors
or (vi) take any action for the purpose of effecting any of the foregoing;

 

(j)                
any Loan Party or any Subsidiary shall become unable, admit in writing its inability, or publicly declare its intention not to, or fail
generally, to pay its debts as they become due;

 

(k)               
one or more judgments for the payment of money in an aggregate amount in excess of $5,000,000 shall be rendered against any Loan Party,
any Subsidiary or any combination thereof and the same shall remain undischarged for a period of thirty (30) consecutive days during
which execution shall not be effectively stayed, or any action shall be legally taken by a judgment creditor to attach or levy upon any
assets of any Loan Party or any Subsidiary to enforce any such judgment or any Loan Party or any Subsidiary shall fail within thirty
(30) days to discharge one or more non-monetary judgments or orders which, individually or in the aggregate, could reasonably be expected
to have a Material Adverse Effect, which judgments or orders, in any such case, are not stayed on appeal and being appropriately contested
in good faith by proper proceedings diligently pursued; provided that any such amount shall be calculated after deducting from
the sum so payable any amount of such judgment or order that is covered by a valid and binding policy of insurance in favor of the Borrower
or such Subsidiary (but only if the applicable insurer shall have been advised of such judgment and of the intent of the Borrower or
such Subsidiary to make a claim in respect of any amount payable by it in connection therewith and such insurer shall not have disputed
coverage);

 

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(l)                
 an ERISA Event shall have occurred that, in the reasonable opinion of the Required Lenders, when taken together with all other ERISA
Events that have occurred, would reasonably be expected to result in a Material Adverse Effect;

 

		(m)	a
                                            Change in Control shall occur;

 

(n)               
the occurrence of any “default”, as defined in any Loan Document (other than this Agreement), or the breach of any of the
terms or provisions of any Loan Document (other than this Agreement), which default or breach continues beyond any period of grace therein
provided;

 

(o)               
the Loan Guaranty or any Obligation Guaranty shall fail to remain in full force or effect or any action shall be taken to discontinue
or to assert the invalidity or unenforceability of the Loan Guaranty or any Obligation Guaranty, or any Loan Guarantor shall fail to
comply with any of the terms or provisions of the Loan Guaranty or any Obligation Guaranty to which it is a party, or any Loan Guarantor
shall deny that it has any further liability under the Loan Guaranty or any Obligation Guaranty to which it is a party, or shall give
notice to such effect, including, but not limited to notice of termination delivered pursuant to Section 10.08 or any notice of termination
delivered pursuant to the terms of any Obligation Guaranty;

 

(p)               
except as permitted by the terms of any Collateral Document or as a result of the gross negligence or willful misconduct of the Administrative
Agent (so long as not resulting from the breach or non-compliance with any Loan Document by any Loan Party), (i) any Collateral Document
shall for any reason fail to create a valid security interest in any Collateral purported to be covered thereby, or (ii) any Lien securing
any Secured Obligation shall cease to be a perfected, first priority Lien;

 

(q)               
any Collateral Document shall fail to remain in full force or effect or any action shall be taken to discontinue or to assert the invalidity
or unenforceability of any Collateral Document;

 

(r)                
any default under the terms of any Material Contract which would reasonably be expected to result in the termination of such Material
Contract; or

 

(s)                
any material provision of any Loan Document for any reason ceases to be valid, binding and enforceable in accordance with its terms (or
any Loan Party shall challenge the enforceability of any Loan Document or shall assert in writing, or engage in any action or inaction
that evidences its assertion, that any provision of any of the Loan Documents has ceased to be or otherwise is not valid, binding and
enforceable in accordance with its terms);

 

then,
and in every such event (other than an event with respect to the Borrower described in clause (h) or (i) of this Article),
and at any time thereafter during the continuance of such event, the Administrative Agent may, and at the request of the Required
Lenders shall, by notice to the Borrower, take either or both of the following actions, at the same or different times: (i)
terminate the Commitments, whereupon the Commitments shall terminate immediately, and (ii) declare the Loans then outstanding to be
due and payable in whole (or in part, but ratably as among the Classes of Loans and the Loans of each Class at the time outstanding,
in which case any principal not so declared to be due and payable may thereafter be declared to be due and payable), whereupon the
principal of the Loans so declared to be due and payable, together with accrued interest thereon and all fees and other obligations
of the Borrower accrued hereunder, shall become due and payable immediately, in each case without presentment, demand, protest or
other notice of any kind, all of which are hereby waived by the Borrower; and in the case of any event with respect to the Borrower
described in clause (h) or (i) of this Article, the Commitments shall automatically terminate and the principal of the Loans then
outstanding, together with accrued interest thereon and all fees and other obligations of the Borrower accrued hereunder, shall
automatically become due and payable, in each case without presentment, demand, protest or other notice of any kind, all of which
are hereby waived by the Borrower. Upon the occurrence and during the continuance of an Event of Default, the Administrative Agent
may, and at the request of the Required Lenders shall, increase the rate of interest applicable to the Loans and other Obligations
as set forth in this Agreement (provided that upon the occurrence and continuance of an Event of Default pursuant to clause (h) or
(i) of Article VII the rate of interest on any Loans or other amounts shall automatically be increased as provided in Section
2.13(c)) and exercise any rights and remedies provided to the Administrative Agent under the Loan Documents or at law or equity,
including all remedies provided under the UCC.

 

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ARTICLE
VIII 

The
Administrative Agent

 

SECTION
8.01. Appointment. Each of the Lenders, on behalf of itself and any of its Affiliates that are Secured Parties and the Issuing
Bank hereby irrevocably appoints the Administrative Agent as its agent and authorizes the Administrative Agent to take such actions on
its behalf, including execution of the other Loan Documents, and to exercise such powers as are delegated to the Administrative Agent
by the terms of the Loan Documents, together with such actions and powers as are reasonably incidental thereto. In addition, to the extent
required under the laws of any jurisdiction other than the U.S., each of the Lenders and the Issuing Bank hereby grants to the Administrative
Agent any required powers of attorney to execute any Collateral Document governed by the laws of such jurisdiction on such Lender’s
or Issuing Bank’s behalf. The provisions of this Article are solely for the benefit of the Administrative Agent and the Lenders
(including the Swingline Lender and the Issuing Bank), and the Loan Parties shall not have rights as a third party beneficiary of any
of such provisions. It is understood and agreed that the use of the term “agent” as used herein or in any other Loan Documents
(or any similar term) with reference to the Administrative Agent is not intended to connote any fiduciary or other implied (or express)
obligations arising under agency doctrine of any applicable law. Instead, such term is used as a matter of market custom, and is intended
to create or reflect only an administrative relationship between independent contracting parties.

 

SECTION
8.02. Rights as a Lender. The Administrative Agent hereunder shall have the same rights and powers in its capacity as a Lender
as any other Lender and may exercise the same as though it were not the Administrative Agent, and such bank and its Affiliates may accept
deposits from, lend money to and generally engage in any kind of business with any Loan Party or any Subsidiary or any Affiliate thereof
as if it were not the Administrative Agent hereunder.

 

SECTION
8.03. Duties and Obligations. The Administrative Agent shall not have any duties or obligations except those expressly set
forth in the Loan Documents. Without limiting the generality of the foregoing, (a) the Administrative Agent shall not be subject to
any fiduciary or other implied duties, regardless of whether a Default has occurred and is continuing, (b) the Administrative Agent
shall not have any duty to take any discretionary action or exercise any discretionary powers, except discretionary rights and
powers expressly contemplated by the Loan Documents that the Administrative Agent is required to exercise as directed in writing by
the Required Lenders (or such other number or percentage of the Lenders as shall be necessary under the circumstances as provided in
Section 9.02), and, (c) except as expressly set forth in the Loan Documents, the Administrative Agent shall not have any duty to
disclose, and shall not be liable for the failure to disclose, any information relating to any Loan Party or any Subsidiary that is
communicated to or obtained by the bank serving as Administrative Agent or any of its Affiliates in any capacity. The Administrative
Agent shall not be liable for any action taken or not taken by it with the consent or at the request of the Required Lenders (or
such other number or percentage of the Lenders as shall be necessary under the circumstances as provided in Section 9.02) or in the
absence of its own gross negligence or willful misconduct as determined by a final nonappealable judgment of a court of competent
jurisdiction. The Administrative Agent shall be deemed not to have knowledge of any Default unless and until written notice thereof
is given to the Administrative Agent by the Borrower or a Lender, and the Administrative Agent shall not be responsible for
or have any duty to ascertain or inquire into (i) any statement, warranty or representation made in or in connection with any Loan
Document, (ii) the contents of any certificate, report or other document delivered hereunder or in connection with any Loan
Document, (iii) the performance or observance of any of the covenants, agreements or other terms or conditions set forth in any Loan
Document, (iv) the validity, enforceability, effectiveness or genuineness of any Loan Document or any other agreement, instrument or
document (including, for the avoidance of doubt, in connection with the Administrative Agent’s reliance on any Electronic
Signature transmitted by telecopy, emailed pdf. or any other electronic means that reproduces an image of an actual executed
signature page), (v) the creation, perfection or priority of Liens on the Collateral or the existence of the Collateral, or (vi) the
satisfaction of any condition set forth in Article IV or elsewhere in any Loan Document, other than to confirm receipt of items
expressly required to be delivered to the Administrative Agent.

 

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SECTION
8.04. Reliance. The Administrative Agent shall be entitled to rely upon, and shall not incur any liability for relying upon, any
notice, request, certificate, consent, statement, instrument, document or other writing believed by it to be genuine and to have been
signed or sent by the proper Person. The Administrative Agent also may rely upon any statement made to it orally or by telephone and
believed by it to be made by the proper Person, and shall not incur any liability for relying thereon. The Administrative Agent may consult
with legal counsel (who may be counsel for the Borrower), independent accountants and other experts selected by it, and shall not be
liable for any action taken or not taken by it in accordance with the advice of any such counsel, accountants or experts.

 

SECTION
8.05.Actions through Sub-Agents. The Administrative Agent may perform any and all of its duties and exercise its rights and powers
by or through any one or more sub-agents appointed by the Administrative Agent. The Administrative Agent and any such sub-agent may perform
any and all of its duties and exercise its rights and powers through their respective Related Parties. The exculpatory provisions of
the preceding paragraphs shall apply to any such sub-agent and to the Related Parties of the Administrative Agent and any such sub-agent,
and shall apply to their respective activities in connection with the syndication of the credit facilities provided for herein as well
as activities as the Administrative Agent.

 

SECTION
8.06. Resignation; Removal.

 

(a)          Resignation.
Subject to the appointment and acceptance of a successor Administrative Agent as provided in this paragraph, the Administrative
Agent may resign at any time by notifying the Lenders, the Issuing Bank and the Borrower. Upon any such resignation, the Required
Lenders shall have the right, in consultation with the Borrower, to appoint a successor. If no successor shall have been so
appointed by the Required Lenders and shall have accepted such appointment within thirty (30) days after the retiring Administrative
Agent gives notice of its resignation, then the retiring Administrative Agent may, on behalf of the Lenders and the Issuing Bank,
appoint a successor Administrative Agent which shall be a bank with an office in New York, New York, or an Affiliate of any such
bank. Upon the acceptance of its appointment as Administrative Agent hereunder by its successor, such successor shall succeed to and
become vested with all the rights, powers, privileges and duties of the retiring Administrative Agent, and the retiring
Administrative Agent shall be discharged from its duties and obligations hereunder and under the other Loan Documents. The fees
payable by the Borrower to a successor Administrative Agent shall be the same as those payable to its predecessor, unless otherwise
agreed by the Borrower and such successor. Notwithstanding the foregoing, in the event no successor Administrative Agent shall have
been so appointed and shall have accepted such appointment within thirty (30) days after the retiring Administrative Agent gives
notice of its intent to resign, the retiring Administrative Agent may give notice of the effectiveness of its resignation to the
Lenders, the Issuing Banks and the Borrower, whereupon, on the date of effectiveness of such resignation stated in such notice, (a)
the retiring Administrative Agent shall be discharged from its duties and obligations hereunder and under the other Loan Documents,
provided that, solely for purposes of maintaining any security interest granted to the Administrative Agent under any Collateral
Document for the benefit of the Secured Parties, the retiring Administrative Agent shall continue to be vested with such security
interest as collateral agent for the benefit of the Secured Parties and, in the case of any Collateral in the possession of the
Administrative Agent, shall continue to hold such Collateral, in each case until such time as a successor Administrative Agent is
appointed and accepts such appointment in accordance with this paragraph (it being understood and agreed that the retiring
Administrative Agent shall have no duly or obligation to take any further action under any Collateral Document, including any action
required to maintain the perfection of any such security interest), and (b) the Required Lenders shall succeed to and become vested
with all the rights, powers, privileges and duties of the retiring Administrative Agent, provided that (i) all payments required to
be made hereunder or under any other Loan Document to the Administrative Agent for the account of any Person other than the
Administrative Agent shall be made directly to such Person and (ii) all notices and other communications required or contemplated to
be given or made to the Administrative Agent shall also directly be given or made to each Lender and each Issuing Bank. Following
the effectiveness of the Administrative Agent’s resignation from its capacity as such, the provisions of this Article, Section
2.17(d) and Section 9.03, as well as any exculpatory, reimbursement and indemnification provisions set forth in any other Loan
Document, shall continue in effect for the benefit of such retiring Administrative Agent, its sub-agents and their respective
Related Parties in respect of any actions taken or omitted to be taken by any of them while it was acting as Administrative Agent
and in respect of the matters referred to in the proviso under clause (a) above.

 

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(b)
           Removal. If (i) at any time that an Event of Default exists, and
the Administrative Agent shall have failed to follow the direction of the Required Lenders under Article VII (provided, that, with respect
to this clause (i), (x) such direction and underlying action are permitted under the terms of the Loan Documents and applicable law,
(y) in the good faith determination of the Administrative Agent, such action will not result in any liability of the Administrative Agent
to any Loan Party or any other Person, and (z) the Administrative Agent shall be entitled to all of the benefits of Section 8.03 in connection
with such action), or (ii) the Required Lenders (or, to the extent the Person serving as Administrative Agent and its Affiliates have
Credit Exposure and unused Commitments representing more than 50% of the sum of the Aggregate Credit Exposure and unused Commitments
at such time, all Lenders excluding the Person serving as Administrative Agent and its Affiliates) determine in good faith that a conflict
of interest exists in respect of any matter due to the Person serving as Administrative Agent under the Loan Documents also (or an affiliate
thereof is) being a counterparty under a Material Contract as a result of a dispute under such Material Contract which would be reasonably
expected to result in a Material Adverse Effect, then, in the case of clause (i) or (ii) such Lenders may, to the extent permitted by
applicable law, by notice in writing to the Administrative Agent and the other Lenders (and, if and as required hereunder, Borrower)
remove such Person as Administrative Agent for all purposes under the Loan Documents and appoint a successor (or replacement) in accordance
with the foregoing Section 8.06(a) as if such Administrative Agent were resigning hereunder (such successor or replacement to be appointed
subject to the consent (not to be unreasonably withheld or delayed) of the Administrative Agent). Any such appointment shall be subject
to the terms and conditions of this Agreement, and to effectuate the terms hereof, the Administrative Agent shall be permitted to resign
in accordance with the terms of Section 8.06(a) above. If no such successor shall have been so appointed in accordance with the foregoing
within the applicable time period provided in Section 8.06(a) (the required date for any such resignation, the “Removal Effective
Date”), then such removal shall nonetheless become effective in accordance with such notice on the Removal Effective Date.

 

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SECTION
8.07. Non-Reliance.

 

(a)
               Each Lender and each Issuing Bank represents and warrants: (i) that the extensions of credit made hereunder are commercial loans and
letters of credit and not investments in a business enterprise or securities; (ii) that it is engaged in making, acquiring or
holding commercial loans and in providing other facilities set forth herein as may be applicable to such Lender or such
Issuing Bank, in each case in the ordinary course of its business and not for the purpose of purchasing, acquiring or holding any
other type of financial instrument (and each Lender and each Issuing Bank agrees not to assert a claim in contravention of the
foregoing); (iii) that it has, independently and without reliance upon the Administrative Agent or any other Lender or Issuing Bank
and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into
this Agreement as a Lender or Issuing Bank, and to make, acquire or hold Loans hereunder; and (iv) that it is sophisticated with
respect to decisions to make, acquire and/or hold commercial loans and to provide other facilities set forth herein, as may be
applicable to such Lender or such Issuing Bank, and either it, or the Person exercising discretion in making its decision to make,
acquire and/or hold such commercial loans or to provide such other facilities, is experienced in making, acquiring or holding such
commercial loans or providing such other facilities. Each Lender and each Issuing Bank also acknowledges that it shall,
independently and without reliance upon the Administrative Agent or any other Lender or Issuing Bank and based on such documents and
information (which may contain material, non-public information within the meaning of the U.S. securities laws concerning the
Borrower and its Affiliates) as it shall from time to time deem appropriate, continue to make its own decisions in taking or not
taking action under or based upon this Agreement, any other Loan Document, any related agreement or any document furnished hereunder
or thereunder.

 

(b)
              Each Lender hereby agrees that (i) it has requested a copy of each Report prepared by or on behalf of the Administrative Agent; (ii)
the Administrative Agent (A) makes no representation or warranty, express or implied, as to the completeness or accuracy of any Report
or any of the information contained therein or any inaccuracy or omission contained in or relating to a Report and (B) shall not be liable
for any information contained in any Report; (iii) the Reports are not comprehensive audits or examinations, and that any Person performing
any field examination will inspect only specific information regarding the Loan Parties and will rely significantly upon the Loan Parties’
books and records, as well as on representations of the Loan Parties’ personnel and that the Administrative Agent undertakes no
obligation to update, correct or supplement the Reports; (iv) it will keep all Reports confidential and strictly for its internal use,
not share the Report with any Loan Party or any other Person except as otherwise permitted pursuant to this Agreement; and (v) without
limiting the generality of any other indemnification provision contained in this Agreement, (A) it will hold the Administrative Agent
and any such other Person preparing a Report harmless from any action the indemnifying Lender may take or conclusion the indemnifying
Lender may reach or draw from any Report in connection with any extension of credit that the indemnifying Lender has made or may make
to the Borrower, or the indemnifying Lender’s participation in, or the indemnifying Lender’s purchase of, a Loan or Loans;
and (B) it will pay and protect, and indemnify, defend, and hold the Administrative Agent and any such other Person preparing a Report
harmless from and against, the claims, actions, proceedings, damages, costs, expenses, and other amounts (including reasonable attorneys’
fees) incurred by the Administrative Agent or any such other Person as the direct or indirect result of any third parties who might obtain
all or part of any Report through the indemnifying Lender.

 

SECTION
8.08. Other Agency Titles. The co-syndication agents shall not have any right, power, obligation, liability, responsibility or
duty under this Agreement other than those applicable to all Lenders as such. Without limiting the foregoing, none of such Lenders shall
have or be deemed to have a fiduciary relationship with any Lender. Each Lender hereby makes the same acknowledgments with respect to
the relevant Lenders in their respective capacities as co-syndication agent, as applicable, as it makes with respect to the Administrative
Agent in the preceding paragraph.

 

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SECTION
8.09. Not Partners or Co-Venturers; Administrative Agent as Representative of the Secured Parties.

 

(a)               
The Lenders are not partners or co-venturers, and no Lender shall be liable for the acts or omissions of, or (except as otherwise set
forth herein in case of the Administrative Agent) authorized to act for, any other Lender. The Administrative Agent shall have the exclusive
right on behalf of the Lenders to enforce the payment of the principal of and interest on any Loan after the date such principal or interest
has become due and payable pursuant to the terms of this Agreement.

 

(b)               
In its capacity, the Administrative Agent is a “representative” of the Secured Parties within the meaning of the term “secured
party” as defined in the UCC. Each Lender authorizes the Administrative Agent to enter into each of the Collateral Documents to
which it is a party and to take all action contemplated by such documents. Each Lender agrees that no Secured Party (other than the Administrative
Agent) shall have the right individually to seek to realize upon the security granted by any Collateral Document, it being understood
and agreed that such rights and remedies may be exercised solely by the Administrative Agent for the benefit of the Secured Parties upon
the terms of the Collateral Documents. In the event that any Collateral is hereafter pledged by any Person as collateral security for
the Secured Obligations, the Administrative Agent is hereby authorized, and hereby granted a power of attorney, to execute and deliver
on behalf of the Secured Parties any Loan Documents necessary or appropriate to grant and perfect a Lien on such Collateral in favor
of the Administrative Agent on behalf of the Secured Parties.

 

SECTION
8.10. Credit Bidding. The Secured Parties hereby irrevocably authorize the Administrative Agent, at the direction of the
Required Lenders, to credit bid all or any portion of the Obligations (including by accepting some or all of the Collateral in
satisfaction of some or all of the Obligations pursuant to a deed in lieu of foreclosure or otherwise) and in such manner purchase
(either directly or through one or more acquisition vehicles) all or any portion of the Collateral (a) at any sale thereof conducted
under the provisions of the Bankruptcy Code, including under Sections 363, 1123 or 1129 of the Bankruptcy Code, or any similar laws
in any other jurisdictions to which a Credit Party is subject, or (b) at any other sale, foreclosure or acceptance of collateral in
lieu of debt conducted by (or with the consent or at the direction of) the Administrative Agent (whether by judicial action or
otherwise) in accordance with any applicable law. In connection with any such credit bid and purchase, the Obligations owed to the
Secured Parties shall be entitled to be, and shall be, credit bid by the Administrative Agent at the direction of the Required
Lenders on a ratable basis (with Obligations with respect to contingent or unliquidated claims receiving contingent interests in the
acquired assets on a ratable basis that shall vest upon the liquidation of such claims in an amount proportional to the liquidated
portion of the contingent claim amount used in allocating the contingent interests) for the asset or assets so purchased (or for the
equity interests or debt instruments of the acquisition vehicle or vehicles that are issued in connection with such purchase). In
connection with any such bid (i) the Administrative Agent shall be authorized to form one or more acquisition vehicles and to assign
any successful credit bid to such acquisition vehicle or vehicles (ii) each of the Secured Parties’ ratable interests in the
Obligations which were credit bid shall be deemed without any further action under this Agreement to be assigned to such vehicle or
vehicles for the purpose of closing such sale, (iii) the Administrative Agent shall be authorized to adopt documents providing for
the governance of the acquisition vehicle or vehicles (provided that any actions by the Administrative Agent with respect to such
acquisition vehicle or vehicles, including any disposition of the assets or equity interests thereof, shall be governed, directly or
indirectly, by, and the governing documents shall provide for, control by the vote of the Required Lenders or their permitted
assignees under the terms of this Agreement or the governing documents of the applicable acquisition vehicle or vehicles, as the
case may be, irrespective of the termination of this Agreement and without giving effect to the limitations on actions by the
Required Lenders contained in Section 9.02 of this Agreement), (iv) the Administrative Agent on behalf of such acquisition vehicle
or vehicles shall be authorized to issue to each of the Secured Parties, ratably on account of the relevant Obligations which were
credit bid, interests, whether as equity, partnership, limited partnership interests or membership interests, in any such
acquisition vehicle and/or debt instruments issued by such acquisition vehicle, all without the need for any Secured Party or
acquisition vehicle to take any further action, and (v) to the extent that Obligations that are assigned to an acquisition vehicle
are not used to acquire Collateral for any reason (as a result of another bid being higher or better, because the amount of
Obligations assigned to the acquisition vehicle exceeds the amount of Obligations credit bid by the acquisition vehicle or
otherwise), such Obligations shall automatically be reassigned to the Secured Parties pro rata and the equity interests and/or debt
instruments issued by any acquisition vehicle on account of such Obligations shall automatically be cancelled, without the need for
any Secured Party or any acquisition vehicle to take any further action. Notwithstanding that the ratable portion of the Obligations
of each Secured Party are deemed assigned to the acquisition vehicle or vehicles as set forth in clause (ii) above, each Secured
Party shall execute such documents and provide such information regarding the Secured Party (and/or any designee of the Secured
Party which will receive interests in or debt instruments issued by such acquisition vehicle) as the Administrative Agent may
reasonably request in connection with the formation of any acquisition vehicle, the formulation or submission of any credit bid or
the consummation of the transactions contemplated by such credit bid.

 

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SECTION
8.11. Erroneous Payments.

 

(a)               
If the Administrative Agent notifies a Lender, Issuing Bank or Secured Party, or any Person who has received funds on behalf of a Lender,
Issuing Bank or Secured Party such Lender or Issuing Bank (any such Lender, Issuing Bank, Secured Party or other recipient, a “Payment
Recipient”) that the Administrative Agent has determined in its sole discretion (whether or not after receipt of any notice
under immediately succeeding clause (b)) that any funds received by such Payment Recipient from the Administrative Agent or any of its
Affiliates were erroneously transmitted to, or otherwise erroneously or mistakenly received by, such Payment Recipient (whether or not
known to such Lender, Issuing Bank, Secured Party or other Payment Recipient on its behalf) (any such funds, whether received as a payment,
prepayment or repayment of principal, interest, fees, distribution or otherwise, individually and collectively, an “Erroneous
Payment”) and demands the return of such Erroneous Payment (or a portion thereof), such Erroneous Payment shall at all times
remain the property of the Administrative Agent and shall be segregated by the Payment Recipient and held in trust for the benefit of
the Administrative Agent, and such Lender, Issuing Bank or Secured Party shall (or, with respect to any Payment Recipient who received
such funds on its behalf, shall cause such Payment Recipient to) promptly, but in no event later than two Business Days thereafter, return
to the Administrative Agent the amount of any such Erroneous Payment (or portion thereof) as to which such a demand was made, in same
day funds (in the currency so received), together with interest thereon in respect of each day from and including the date such Erroneous
Payment (or portion thereof) was received by such Payment Recipient to the date such amount is repaid to the Administrative Agent in
same day funds at the greater of the Federal Funds Effective Rate and a rate determined by the Administrative Agent in accordance with
banking industry rules on interbank compensation from time to time in effect. A notice of the Administrative Agent to any Payment Recipient
under this clause (a) shall be conclusive, absent manifest error. 

 

    - 102 -

     

    

 

(b)               
Without limiting immediately preceding clause (a), each Lender, Issuing Bank or Secured Party, or any Person who has received funds on
behalf of a Lender, Issuing Bank or Secured Party such Lender or Issuing Bank, hereby further agrees that if it receives a payment, prepayment
or repayment (whether received as a payment, prepayment or repayment of principal, interest, fees, distribution or otherwise) from the
Administrative Agent (or any of its Affiliates) (x) that is in a different amount than, or on a different date from, that specified in
a notice of payment, prepayment or repayment sent by the Administrative Agent (or any of its Affiliates) with respect to such payment,
prepayment or repayment, (y) that was not preceded or accompanied by a notice of payment, prepayment or repayment sent by the
Administrative Agent (or any of its Affiliates), or (z) that such Lender, Issuing Bank or Secured Party, or other such recipient, otherwise
becomes aware was transmitted, or received, in error or by mistake (in whole or in part) in each case:

 

		(i)	(A)
                                            in the case of immediately preceding clauses (x) or (y), an error shall be presumed
                                            to have been made (absent written confirmation from the Administrative Agent to the contrary)
                                            or (B) an error has been made (in the case of immediately preceding clause (z)), in each
                                            case, with respect to such payment, prepayment or repayment; and

 

		(ii)	such
                                            Lender, Issuing Bank or Secured Party shall (and shall cause any other recipient that receives
                                            funds on its respective behalf to) promptly (and, in all events, within one Business Day
                                            of its knowledge of such error) notify the Administrative Agent of its receipt of such payment,
                                            prepayment or repayment, the details thereof (in reasonable detail) and that it is so notifying
                                            the Administrative Agent pursuant to this Section 8.11(b).

 

		(c)	Each
                                            Lender, Issuing Bank or Secured Party hereby authorizes the Administrative Agent to set off,
                                            net and apply any and all amounts at any time owing to such Lender, Issuing Bank or Secured
                                            Party under any Loan Document, or otherwise payable or distributable by the Administrative
                                            Agent to such Lender, Issuing Bank or Secured Party from any source, against any amount due
                                            to the Administrative Agent under immediately preceding clause (a) or under the indemnification
                                            provisions of this Agreement.

 

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(d)               
In the event that an Erroneous Payment (or portion thereof) is not recovered by the Administrative Agent for any reason, after demand
therefor by the Administrative Agent in accordance with immediately preceding clause (a), from any Lender or Issuing Bank that has received
such Erroneous Payment (or portion thereof) (and/or from any Payment Recipient who received such Erroneous Payment (or portion thereof)
on its respective behalf) (such unrecovered amount, an “Erroneous Payment Return Deficiency”), upon the Administrative
Agent’s notice to such Lender or Issuing Lender at any time, (i) such Lender or Issuing Bank shall be deemed to have assigned its
Loans (but not its Commitments) of the relevant Class with respect to which such Erroneous Payment was made (the “Erroneous
Payment Impacted Class”) in an amount equal to the Erroneous Payment Return Deficiency (or such lesser amount as the Administrative
Agent may specify) (such assignment of the Loans (but not Commitments) of the Erroneous Payment Impacted Class, the “Erroneous
Payment Deficiency Assignment”) at par plus any accrued and unpaid interest (with the assignment fee to be waived by the Administrative
Agent in such instance), and is hereby (together with the Borrower) deemed to execute and deliver an Assignment and Assumption (or, to
the extent applicable, an agreement incorporating an Assignment and Assumption by reference pursuant to a   Platform
as to which the Administrative Agent and such parties are participants) with respect to such Erroneous Payment Deficiency Assignment,
and such Lender or Issuing Bank shall deliver any Notes evidencing such Loans to the Borrower or the Administrative Agent, (ii) the Administrative
Agent as the assignee Lender shall be deemed to acquire the Erroneous Payment Deficiency Assignment, (iii) upon such deemed acquisition,
the Administrative Agent as the assignee Lender shall become a Lender or Issuing Bank, as applicable, hereunder with respect to such
Erroneous Payment Deficiency Assignment and the assigning Lender or assigning Issuing Bank shall cease to be a Lender or Issuing Bank,
as applicable, hereunder with respect to such Erroneous Payment Deficiency Assignment, excluding, for the avoidance of doubt, its obligations
under the indemnification provisions of this Agreement and its applicable Commitments which shall survive as to such assigning Lender
or assigning Issuing Bank and (iv) the Administrative Agent may reflect in the Register its ownership interest in the Loans subject to
the Erroneous Payment Deficiency Assignment. The Administrative Agent may, in its discretion and subject to Section 9.04(b)(i)(A), sell
any Loans acquired pursuant to an Erroneous Payment Deficiency Assignment and upon receipt of the proceeds of such sale, the Erroneous
Payment Return Deficiency owing by the applicable Lender or Issuing Bank shall be reduced by the net proceeds of the sale of such Loan
(or portion thereof), and the Administrative Agent shall retain all other rights, remedies and claims against such Lender or Issuing
Bank (and/or against any recipient that receives funds on its respective behalf). For the avoidance of doubt, no Erroneous Payment Deficiency
Assignment will reduce the Commitments of any Lender or Issuing Bank and such Commitments shall remain available in accordance with the
terms of this Agreement. In addition, each party hereto agrees that, except to the extent that the Administrative Agent has sold a Loan
(or portion thereof) acquired pursuant to an Erroneous Payment Deficiency Assignment, and irrespective of whether the Administrative
Agent may be equitably subrogated, the Administrative Agent shall be contractually subrogated to all the rights and interests of the
applicable Lender, Issuing Bank or Secured Party under the Loan Documents with respect to each Erroneous Payment Return Deficiency (the
 “Erroneous Payment Subrogation Rights”).

 

(e)               
The parties hereto agree that an Erroneous Payment shall not pay, prepay, repay, discharge or otherwise satisfy any Obligations owed
by the Borrower or any other Loan Party, except, in each case, to the extent such Erroneous Payment is, and solely with respect to the
amount of such Erroneous Payment that is, comprised of funds received by the Administrative Agent from the Borrower or any other Loan
Party for the purpose of making such Erroneous Payment.

 

(f)                
To the extent permitted by applicable law, no Payment Recipient shall assert any right or claim to an Erroneous Payment, and hereby waives,
and is deemed to waive, any claim, counterclaim, defense or right of set-off or recoupment with respect to any demand, claim or counterclaim
by the Administrative Agent for the return of any Erroneous Payment received, including without limitation waiver of any defense based
on “discharge for value” or any similar doctrine

 

(g)               
Each party’s obligations, agreements and waivers under this Section 8.11 shall survive the resignation or replacement of the Administrative
Agent, any transfer of rights or obligations by, or the replacement of, a Lender or Issuing Bank, the termination of the Commitments
and/or the repayment, satisfaction or discharge of all Obligations (or any portion thereof) under any Loan Document.

 

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ARTICLE
IX 

Miscellaneous

 

SECTION
9.01. Notices.

 

(a)
Except in the case of notices and other communications expressly permitted to be given by telephone or through Electronic Systems (and
subject in each case to paragraph (b) below), all notices and other communications provided for herein shall be in writing and shall
be delivered by hand or overnight courier service, mailed by certified or registered mail or sent by fax, as follows:

 

(i)            if
to any Loan Party, to it in care of the Borrower at:

 

CompoSecure,
L.L.C. 

309
Pierce Street

Somerset,
NJ 08873

Attention:
Timothy W. Fitzsimmons

Fax
No: 908-518-0569

 

With
a copy to:

 

Morgan,
Lewis & Bockius LLP 

1701
Market Street

Philadelphia,
PA 19103

Attention:
Michael J. Pedrick

Fax
No: 215-963-5001

 

(ii)
           if to the Administrative Agent, the Swingline Lender, or Chase in its capacity as an Issuing Bank, to JPMorgan Chase Bank, N.A. at:

 

JPMorgan
Chase Bank, N.A. 

Wholesale
Loan Operations

10
South Dearborn St., L2 Floor

Chicago,
IL 60603-2300

Attention:
Muoy Lim

Fax
No: 844-490-5663

 

With
a copy to:

 

JPMorgan
Chase Bank, N.A.

Middle
Market Banking

250
Pehle Avenue, Suite 105

Saddle
Brook, NJ, 07663

Attention:
Richard J. Baldwin

Fax
No: 201-291-8525

 

(iii)
          if to any other Lender or Issuing Bank, to it at its address or fax number set forth in its Administrative Questionnaire.

 

All
such notices and other communications (i) sent by hand or overnight courier service, or mailed by certified or registered mail shall
be deemed to have been given when received, (ii) sent by fax shall be deemed to have been given when sent, provided that if not
given during normal business hours for the recipient, such notice or communication shall be deemed to have been given at the opening
of business on the next Business Day of the recipient, or (iii) delivered through Electronic Systems to the extent provided in paragraph
(b) below shall be effective as provided in such paragraph.

 

(b)
          Notices and other communications to the Lenders hereunder may be delivered or furnished by Electronic Systems pursuant to procedures
approved by the Administrative Agent; provided that the foregoing shall not apply to notices pursuant to Article II or to compliance
and no Default certificates delivered pursuant to Section 5.01(e) unless otherwise agreed by the Administrative Agent and the
applicable Lender. Each of the Administrative Agent and the Borrower (on behalf of the Loan Parties) may, in its discretion, agree
to accept notices and other communications to it hereunder by Electronic Systems pursuant to procedures approved by it;
provided that approval of such procedures may be limited to particular notices or communications. Unless the Administrative Agent
otherwise proscribes, all such notices and other communications (i) sent to an e-mail address shall be deemed received upon the
sender’s receipt of an acknowledgement from the intended recipient (such as by the “return receipt requested”
function, as available, return e-mail or other written acknowledgement), provided that if not given during the normal business hours
of the recipient, such notice or communication shall be deemed to have been given at the opening of business on the next Business
Day for the recipient, and (ii) posted to an Internet or intranet website shall be deemed received upon the deemed receipt by the
intended recipient, at its e-mail address as described in the foregoing clause (i), of notification that such notice or
communication is available and identifying the website address therefor; provided that, for both clauses (i) and (ii) above, if such
notice, e- mail or other communication is not sent during the normal business hours of the recipient, such notice or communication
shall be deemed to have been sent at the opening of business on the next Business Day of the recipient.

 

    - 105 -

     

    

 

(c)               
Any party hereto may change its address, facsimile number or e-mail address for notices and other communications hereunder by notice
to the other parties hereto.

 

		(d)	Electronic
                                            Systems.

 

(i)                
Each Loan Party agrees that the Administrative Agent may, but shall not be obligated to, make Communications (as defined below) available
to the Issuing Bank and the other Lenders by posting the Communications on Debt Domain, Intralinks, Syndtrak, ClearPar or a substantially
similar Electronic System.

 

(ii)              
Any Electronic System used by the Administrative Agent is provided “as is” and “as available.” The Agent Parties
(as defined below) do not warrant the adequacy of such Electronic Systems and expressly disclaim liability for errors or omissions in
the Communications. No warranty of any kind, express, implied or statutory, including any warranty of merchantability, fitness for a
particular purpose, non-infringement of third-party rights or freedom from viruses or other code defects, is made by any Agent Party
in connection with the Communications or any Electronic System. In no event shall the Administrative Agent or any of its Related Parties
(collectively, the “Agent Parties”) have any liability to the Borrower or the other Loan Parties, any Lender, the
Issuing Bank or any other Person or entity for damages of any kind, including direct or indirect, special, incidental or consequential
damages, losses or expenses (whether in tort, contract or otherwise) arising out of the Borrower’s, any Loan Party’s or the
Administrative Agent’s transmission of communications through an Electronic System. “Communications” means,
collectively, any notice, demand, communication, information, document or other material provided by or on behalf of any Loan Party pursuant
to any Loan Document or the transactions contemplated therein which is distributed by the Administrative Agent, any Lender or the Issuing
Bank by means of electronic communications pursuant to this Section, including through an Electronic System.

 

SECTION
9.02. Waivers; Amendments.

 

(a)
No failure or delay by the Administrative Agent, the Issuing Bank or any Lender in exercising any right or power hereunder or under
any other Loan Document shall operate as a waiver thereof, nor shall any single or partial exercise of any such right or power, or
any abandonment or discontinuance of steps to enforce such a right or power, preclude any other or further exercise thereof or the
exercise of any other right or power. The rights and remedies of the Administrative Agent, the Issuing Bank and the Lenders
hereunder and under any other Loan Document are cumulative and are not exclusive of any rights or remedies that they would otherwise
have. No waiver of any provision of any Loan Document or consent to any departure by any Loan Party therefrom shall in any event be
effective unless the same shall be permitted by paragraph (b) of this Section, and then such waiver or consent shall be effective
only in the specific instance and for the purpose for which given. Without limiting the generality of the foregoing, the making of a
Loan or issuance of a Letter of Credit shall not be construed as a waiver of any Default, regardless of whether the Administrative
Agent, any Lender or the Issuing Bank may have had notice or knowledge of such Default at the time.

 

    - 106 -

     

    

 

 

(b)
Subject to Section 2.14(c), (d) and (e) and Section 9.02(e) below, and except as provided in Sections 2.09(f), neither this
Agreement nor any other Loan Document nor any provision hereof or thereof may be waived, amended or modified except (i) in the case
of this Agreement, pursuant to an agreement or agreements in writing entered into by the Borrower and the Required Lenders or (ii)
in the case of any other Loan Document, pursuant to an agreement or agreements in writing entered into by the Administrative Agent
and the Loan Party or Loan Parties that are parties thereto, with the consent of the Required Lenders; provided that no such
agreement shall (A) increase the Commitment of any Lender without the written consent of such Lender (including any such Lender that
is a Defaulting Lender), (B) reduce or forgive the principal amount of any Loan or LC Disbursement or reduce the rate of interest
thereon, provided that any amendment to the financial covenant definitions in this Agreement shall not constitute a reduction in the
rate of interest for purposes of this clause (B), or reduce or forgive any interest or fees payable hereunder, without the written
consent of each Lender (including any such Lender that is a Defaulting Lender) directly affected thereby, (C) postpone any scheduled
date of payment of the principal amount of any Loan or LC Disbursement, or any date for the payment of any interest, fees or other
Obligations payable hereunder, or reduce the amount of, waive or excuse any such payment (other than, in each case, any prepayment
required to be made pursuant to Section 2.11(c) or Section 2.11(d)), or postpone the scheduled date of expiration of any Commitment,
without the written consent of each Lender (including any such Lender that is a Defaulting Lender) directly affected thereby, (D)
change Section 2.18(b) or (d) in a manner that would alter the manner in which payments are shared, without the written consent of
each Lender (other than any Defaulting Lender), (E) change any of the provisions of this Section or the definition of
 “Required Lenders” or any other provision of any Loan Document specifying the number or percentage of Lenders (or
Lenders of any Class) required to waive, amend or modify any rights thereunder or make any determination or grant any consent
thereunder, without the written consent of each Lender (other than any Defaulting Lender), (F) change Section 2.20, without the
consent of each Lender (other than any Defaulting Lender), (G) release any Guarantor from its obligation under its Loan Guaranty or
Obligation Guaranty (except as otherwise permitted herein or in the other Loan Documents), without the written consent of each
Lender (other than any Defaulting Lender), or (H) except as provided in clause (c) of this Section or in any Collateral Document,
release all or substantially all of the Collateral without the written consent of each Lender (other than any Defaulting Lender);
provided further that no such agreement shall amend, modify or otherwise affect the rights or duties of the Administrative Agent,
the Swingline Lender or the Issuing Bank hereunder without the prior written consent of the Administrative Agent, the Swingline
Lender or the Issuing Bank, as the case may be (it being understood that any amendment to Section 2.20 shall require the consent of
the Administrative Agent, the Swingline Lender and the Issuing Bank); provided further that no such agreement shall amend or
modify the provisions of Section 2.07 or any letter of credit application and any bilateral agreement between the Borrower and the
Issuing Bank regarding the Issuing Bank’s Issuing Bank Sublimit or the respective rights and obligations between the Borrower
and the Issuing Bank in connection with the issuance of Letters of Credit without the prior written consent of the Administrative
Agent and the Issuing Bank, respectively. The Administrative Agent may also amend the Commitment Schedule to reflect
assignments entered into pursuant to Section 9.04. Any amendment, waiver or other modification of this Agreement or any other Loan
Document that by its terms affects the rights or duties under this Agreement of the Lenders of one or more Classes (but not the
Lenders of any other Class), may be effected by an agreement or agreements in writing entered into by the Borrower and the requisite
number or percentage in interest of each affected Class of Lenders that would be required to consent thereto under this
Section if such Class of Lenders were the only Class of Lenders hereunder at the time.

 

(c)
The Lenders and the Issuing Bank hereby irrevocably authorize the Administrative Agent, at its option and in its sole discretion, to
release any Liens granted to the Administrative Agent by the Loan Parties on any Collateral (i) upon the termination of all of the Commitments,
payment and satisfaction in full in cash of all Secured Obligations (other than Unliquidated Obligations), and the cash collateralization
of all Unliquidated Obligations in a manner satisfactory to each affected Lender, (ii) constituting property being sold or disposed of
if the Loan Party disposing of such property certifies to the Administrative Agent that the sale or disposition is made in compliance
with the terms of this Agreement (and the Administrative Agent may rely conclusively on any such certificate, without further inquiry),
and to the extent that the property being sold or disposed of constitutes 100% of the Equity Interests of a Subsidiary, the Administrative
Agent is authorized to release any Loan Guaranty provided by such Subsidiary, (iii) constituting property leased to a Loan Party under
a lease which has expired or been terminated in a transaction permitted under this Agreement, or (iv) as required to effect any sale
or other disposition of such Collateral in connection with any exercise of remedies of the Administrative Agent and the Lenders pursuant
to Article VII. Except as provided in the preceding sentence, the Administrative Agent will not release any Liens on Collateral without
the prior written authorization of the Required Lenders; provided that the Administrative Agent may, in its discretion, release
its Liens on Collateral (x) of a Subsidiary that becomes an Excluded Subsidiary or (y) is valued in the aggregate not in excess of $5,000,000
during any calendar year without the prior written authorization of the Required Lenders (it being agreed that the Administrative Agent
may rely conclusively on one or more certificates of the Borrower as to the value of any Collateral to be so released, without further
inquiry). Any such release shall not in any manner discharge, affect, or impair the Obligations or any Liens (other than those expressly
being released) upon (or obligations of the Loan Parties in respect of) all interests retained by the Loan Parties, including the proceeds
of any sale, all of which shall continue to constitute part of the Collateral. Any execution and delivery by the Administrative Agent
of documents in connection with any such release shall be without recourse to or warranty by the Administrative Agent.

 

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(d)               
If, in connection with any proposed amendment, waiver or consent requiring the consent of “each Lender” or “each Lender
directly affected thereby,” the consent of the Required Lenders is obtained, but the consent of other necessary Lenders is not
obtained (any such Lender whose consent is necessary but not obtained being referred to herein as a “Non-Consenting Lender”),
then the Borrower may elect to replace a Non-Consenting Lender as a Lender party to this Agreement, provided that, concurrently with
such replacement, (i) another bank or other entity which is reasonably satisfactory to the Borrower, the Administrative Agent and the
Issuing Bank and is not an affiliate of the Sponsor shall agree, as of such date, to purchase for cash the Loans and other Obligations
due to the Non-Consenting Lender pursuant to an Assignment and Assumption and to become a Lender for all purposes under this Agreement
and to assume all obligations of the Non-Consenting Lender to be terminated as of such date and to comply with the requirements of clause
(b) of Section 9.04, and (ii) the Borrower shall pay to such Non-Consenting Lender in same day funds on the day of such replacement (1)
all interest, fees and other amounts then accrued but unpaid to such Non-Consenting Lender by the Borrower hereunder to and including
the date of termination, including without limitation payments due to such Non-Consenting Lender under Sections 2.15  and 2.17,
and (2) an amount, if any, equal to the payment which would have been due to such Lender on the day of such replacement under Section
2.16 had the Loans of such Non-Consenting Lender been prepaid on such date rather than sold to the replacement Lender.

 

(e)               
Notwithstanding anything to the contrary herein the Administrative Agent may, with the consent of the Borrower only, amend, modify or
supplement this Agreement or any of the other Loan Documents to cure any ambiguity, omission, mistake, defect or inconsistency.

 

SECTION
9.03. Expenses; Indemnity; Damage Waiver.

 

(a)
The Loan Parties, jointly and severally, shall pay all (i) reasonable out-of-pocket expenses incurred by the Administrative Agent and
its Affiliates, including the reasonable fees, charges and disbursements of counsel for the Administrative Agent, in connection with
the syndication and distribution (including, without limitation, via the internet or through an Electronic System) of the credit facilities
provided for herein, the preparation and administration of the Loan Documents and any amendments, modifications or waivers of the provisions
of the Loan Documents (whether or not the transactions contemplated hereby or thereby shall be consummated), (ii) reasonable out-of-pocket
expenses incurred by the Issuing Bank in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any
demand for payment thereunder and (iii) all documented and out-of -pocket expenses incurred by the Administrative Agent, the Issuing
Bank or any Lender, including the reasonable fees, charges and disbursements of one counsel (other than in-house counsel) for the Administrative
Agent, the Issuing Bank or any Lender, taken as a whole, and, if reasonably necessary, a single local counsel for the Administrative
Agent and the Lenders, taken as a whole, in each relevant jurisdiction, and solely in the case of a perceived conflict of interest, one
additional counsel in each relevant jurisdiction in each group of affected Lenders similarly situated, taken as a whole, in connection
with the enforcement, collection or protection of its rights in connection with the Loan Documents, including its rights under this Section,
or in connection with the Loans made or Letters of Credit issued hereunder, including all such out-of-pocket expenses incurred during
any workout, restructuring or negotiations in respect of such Loans or Letters of Credit; provided, however, that in no event shall the
Borrower be required to reimburse the Lenders for more than one counsel to the Administrative Agent (and up to one local counsel in each
applicable jurisdiction and regulatory counsel) and one counsel for all of the other Lenders (and up to one local counsel in each applicable
jurisdiction and regulatory counsel), unless a Lender or its counsel determines that it is impractical or inappropriate (or would create
actual or potential conflicts of interest) to not have individual counsel, in which case each Lender may have its own counsel which shall
be reimbursed in accordance with the foregoing. Expenses being reimbursed by the Loan Parties under this Section include, without limiting
the generality of the foregoing, reasonable fees, costs and expenses incurred in connection with:

 

		(A)	appraisals
                                            and insurance reviews;

 

(B)             
field examinations and the preparation of Reports based on the fees charged by a third party retained by the Administrative Agent or
the internally allocated fees for each Person employed by the Administrative Agent with respect to each field examination;

 

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(C)             
background checks regarding senior management and/or key investors, as deemed necessary or appropriate in the sole discretion of the
Administrative Agent;

 

(D)             
Taxes, fees and other charges for (i) lien and title searches and title insurance and (ii) recording the Mortgages, filing financing
statements and continuations, and other actions to perfect, protect, and continue the Administrative Agent’s Liens;

 

(E)              
sums paid or incurred to take any action required of any Loan Party under the Loan Documents that such Loan Party fails to pay or take;
and

 

(F)              
forwarding loan proceeds, collecting checks and other items of payment, and establishing and maintaining the accounts and lock
boxes, and costs and expenses of preserving and protecting the Collateral. All of the foregoing fees, costs and expenses may
be charged to the Borrower as Revolving Loans or to another deposit account, all as described in Section 2.18(c).

 

(b)               
The Loan Parties, jointly and severally, shall indemnify the Administrative Agent, the Issuing Bank and each Lender, and each Related
Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee
harmless from, any and all losses, claims, damages, penalties, incremental taxes, liabilities and related expenses, including the reasonable
fees, charges and disbursements of any counsel for any Indemnitee, incurred by or asserted against any Indemnitee arising out of, in
connection with, or as a result of (i) the execution or delivery of the Loan Documents or any agreement or instrument contemplated thereby,
the performance by the parties hereto of their respective obligations thereunder or the consummation of the Transactions or any other
transactions contemplated hereby, (ii) any Loan or Letter of Credit or the use of the proceeds therefrom (including any refusal by the
Issuing Bank to honor a demand for payment under a Letter of Credit if the documents presented in connection with such demand do not
strictly comply with the terms of such Letter of Credit), (iii)  any actual or alleged presence or Release of Hazardous Materials
on or from any property owned or operated by a Loan Party or a Subsidiary, or any Environmental Liability related in any way to a Loan
Party or a Subsidiary, (iv) the failure of a Loan Party to deliver to the Administrative Agent the required receipts or other required
documentary evidence with respect to a payment made by such Loan Party for Taxes pursuant to Section 2.17, or (v) any actual or prospective
claim, litigation, investigation or proceeding relating to any of the foregoing, whether or not such claim, litigation, investigation
or proceeding is brought by any Loan Party or their respective equity holders, Affiliates, creditors or any other third Person and whether
based on contract, tort or any other theory and regardless of whether any Indemnitee is a party thereto; provided that such indemnity
shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, penalties, liabilities or related expenses
are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from the gross negligence or
willful misconduct of such Indemnitee. This Section 9.03(b) shall not apply with respect to Taxes other than any Taxes that represent
losses or damages arising from any non-Tax claim.

 

(c)               
To the extent that any Loan Party fails to pay any amount required to be paid by it to the Administrative Agent (or any sub-agent thereof),
the Swingline Lender or the Issuing Bank (or any Related Party of any of the foregoing) under paragraph (a) or (b) of this Section, each
Lender severally agrees to pay to the Administrative Agent, the Swingline Lender or the Issuing Bank (or any Related Party of any of
the foregoing), as the case may be, such Lender’s Applicable Percentage (determined as of the time that the applicable unreimbursed
expense or indemnity payment is sought) of such unpaid amount (it being understood that the Borrower’s failure to pay any such
amount shall not relieve the Borrower of any default in the payment thereof); provided that the unreimbursed expense or indemnified
loss, claim, damage, penalty, liability or related expense, as the case may be, was incurred by or asserted against the Administrative
Agent, the Swingline Lender or the Issuing Bank in its capacity as such. 

 

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(d)               
To the extent permitted by applicable law, no Loan Party shall assert, and each Loan Party hereby waives, any claim against any Indemnitee,
(i) for any damages arising from the use by others of information or other materials obtained through telecommunications, electronic
or other information transmission systems (including the Internet), or (ii) on any theory of liability, for special, indirect, consequential
or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement, any
other Loan Document, or any agreement or instrument contemplated hereby or thereby, the Transactions, any Loan or Letter of Credit or
the use of the proceeds thereof; provided that, nothing in this paragraph (d) shall relieve any Loan Party of any obligation it may have
to indemnify an Indemnitee against special, indirect, consequential or punitive damages asserted against such Indemnitee by a third party.

 

		(e)	All
                                            amounts due under this Section shall be payable after written demand therefor. 

 

SECTION
9.04. Successors and Assigns. (a) The provisions of this Agreement shall be binding upon and inure to the benefit of the parties
hereto and their respective successors and assigns permitted hereby (including any Affiliate of the Issuing Bank that issues any Letter
of Credit), except that (i) the Borrower may not assign or otherwise transfer any of its rights or obligations hereunder without the
prior written consent of each Lender (and any attempted assignment or transfer by the Borrower without such consent shall be null and
void) and (ii) no Lender may assign or otherwise transfer its rights or obligations hereunder except in accordance with this Section.
Nothing in this Agreement, expressed or implied, shall be construed to confer upon any Person (other than the parties hereto, their respective
successors and assigns permitted hereby (including any Affiliate of the Issuing Bank that issues any Letter of Credit), Participants
(to the extent provided in paragraph (c) of this Section) and, to the extent expressly contemplated hereby, the Related Parties of each
of the Administrative Agent, the Issuing Bank and the Lenders) any legal or equitable right, remedy or claim under or by reason of this
Agreement.

 

(b)               
(i) Subject to the conditions set forth in paragraph (b)(ii) below, any Lender may assign to one or more Persons (other than an
Ineligible Institution or a Competitor of the Borrower or any of its Subsidiaries) all or a portion of its rights and obligations
under this Agreement (including all or a  portion of its Commitment, participations in Letters of Credit and the Loans at the
time owing to it) with the prior written consent (such consent not to be unreasonably withheld) of:

 

(A)             
the Borrower, provided that the Borrower shall be deemed to have consented to (x) any assignment of Revolving Loans or Revolving
Commitments unless it shall object thereto by written notice to the Administrative Agent within ten (10) Business Days after having received
written notice thereof and (y) any assignment of Term Loans unless it shall object thereto by written notice to the Administrative Agent
within three (3) Business Days after having received written notice thereof, and provided further that no consent of the Borrower
shall be required for an assignment to a Lender, an Affiliate of a Lender, an Approved Fund or, if a Specified Event of Default has occurred
and is continuing, any other assignee;

 

(B)             
the Administrative Agent, provided that no consent of the Administrative Agent shall be required for an assignment of all or any
portion of any Loan to a Lender, an Affiliate of a Lender or an Approved Fund;

 

(C)             
the Issuing Bank, provided that no consent of the Issuing Bank shall be required for an assignment of all or any portion of any
Loan; and

 

(D)             
the Swingline Lender, provided that no consent of the Swingline Lender shall be required for an assignment of all or any portion
of a Term Loan.

 

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		(ii)	Assignments
                                            shall be subject to the following additional conditions:

 

(A)             
except in the case of an assignment to a Lender or an Affiliate of a Lender or an Approved Fund or an assignment of the entire remaining
amount of the assigning Lender’s Commitment or Loans of any Class, the amount of the Commitment or Loans of the assigning Lender
subject to each such assignment (determined as of the date the Assignment and Assumption with respect to such assignment is delivered
to the Administrative Agent) shall not be less than $5,000,000 or, in the case of a Term Loan, $1,000,000 unless each of the Borrower
and the Administrative Agent otherwise consent, provided that no such consent of the Borrower shall be required if an Event of
Default has occurred and is continuing;

 

(B)             
 each partial assignment shall be made as an assignment of a proportionate part of all the assigning Lender’s rights and obligations
under this Agreement including Revolving Commitments and Term Loans;

 

(C)              
the parties to each assignment shall execute and deliver to the Administrative Agent (x) an Assignment and Assumption or (y) to the extent
applicable, an agreement incorporating an Assignment and Assumption by reference pursuant to a Platform as to which the Administrative
Agent and the parties to the Assignment and Assumption are participants, together with a processing and recordation fee of $3,500; and

 

(D)             
the assignee, if it shall not be a Lender, shall deliver to the Administrative Agent an Administrative Questionnaire in which the assignee
designates one or more credit contacts to whom all syndicate-level information (which may contain material non-public information about
the Borrower, the other Loan Parties and their Related Parties or their respective securities) will be made available and who may receive
such information in accordance with the assignee’s compliance procedures and applicable laws, including federal and state securities
laws.

 

For
the purposes of this Section 9.04(b), the terms “Approved Fund” and “Ineligible Institution” have
the following meanings:

 

“Approved
Fund” means any Person (other than a natural person) that is engaged in making, purchasing, holding or investing in bank loans
and similar extensions of credit in the ordinary course of its business and that is administered or managed by (a) a Lender, (b) an Affiliate
of a Lender or (c) an entity or an Affiliate of an entity that administers or manages a Lender.

 

“Ineligible
Institution” means a (a) natural person, (b) a Defaulting Lender or its Parent, (c) holding company, investment vehicle or
trust for, or owned and operated for the primary benefit of, a natural person or relative(s) thereof; provided that, such holding
company, investment vehicle or trust shall not constitute an Ineligible Institution if it (x) has not been established for the primary
purpose of acquiring any Loans or Commitments, (y) is managed by a professional advisor, who is not such natural person or a relative
thereof, having significant experience in the business of making or purchasing commercial loans, and (z) has assets greater than $25,000,000
and a significant part of its activities consist of making or purchasing commercial loans and similar extensions of credit in the ordinary
course of its business; provided that upon the occurrence of an Event of Default, any Person (other than a Lender) shall be an
Ineligible Institution if after giving effect to any proposed assignment to such Person, such Person would hold more than 25% of the
then outstanding Aggregate Credit Exposure or Commitments, as the case may be or (d) a Loan Party or a Subsidiary or other Affiliate
of a Loan Party.

 

(iii)
Subject to acceptance and recording thereof pursuant to paragraph (b)(iv) of this Section, from and after the effective date specified
in each Assignment and Assumption, the assignee thereunder shall be a party hereto and, to the extent of the interest assigned by such
Assignment and Assumption, have the rights and obligations of a Lender under this Agreement, and the assigning Lender thereunder shall,
to the extent of the interest assigned by such Assignment and Assumption, be released from its obligations under this Agreement (and,
in the case of an Assignment and Assumption covering all of the assigning Lender’s rights and obligations under this Agreement,
such Lender shall cease to be a party hereto but shall continue to be entitled to the benefits of Sections 2.15, 2.16, 2.17 and 9.03).
Any assignment or transfer by a Lender of rights or obligations under this Agreement that does not comply with this Section 9.04 shall
be treated for purposes of this Agreement as a sale by such Lender of a participation in such rights and obligations in accordance with
paragraph (c) of this Section.

 

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(iv)             
 The Administrative Agent, acting for this purpose as a non-fiduciary agent of the Borrower, shall maintain at one of its offices a copy
of each Assignment and Assumption delivered to it and a register for the recordation of the names and addresses of the Lenders, and the
Commitment of, and principal amount of the Loans and LC Disbursements owing to, each Lender pursuant to the terms hereof from time to
time (the “Register”). The entries in the Register shall be conclusive (absent manifest error), and the Borrower,
the Administrative Agent, the Issuing Bank and the Lenders shall treat each Person whose name is recorded in the Register pursuant to
the terms hereof as a Lender hereunder for all purposes of this Agreement, notwithstanding notice to the contrary. The Register shall
be available for inspection by the Borrower, the Issuing Bank and any Lender, at any reasonable time and from time to time upon reasonable
prior notice. 

 

(v)               
Upon its receipt of (x) a duly completed Assignment and Assumption executed by an assigning Lender and an assignee or (y) to the extent
applicable, an agreement incorporating an Assignment and Assumption by reference pursuant to a Platform as to which the Administrative
Agent and the parties to the Assignment and Assumption are participants, the assignee’s completed Administrative Questionnaire
(unless the assignee shall already be a Lender hereunder), the processing and recordation fee referred to in paragraph (b) of this Section
and any written consent to such assignment required by paragraph (b) of this Section, the Administrative Agent shall accept such Assignment
and Assumption and record the information contained therein in the Register; provided that if either the assigning Lender or the
assignee shall have failed to make any payment required to be made by it pursuant to Section 2.05, 2.06(d) or (e), 2.07(b), 2.18(d) or
9.03(c), the Administrative Agent shall have no obligation to accept such Assignment and Assumption and record the information therein
in the Register unless and until such payment shall have been made in full, together with all accrued interest thereon. No assignment
shall be effective for purposes of this Agreement unless it has been recorded in the Register as provided in this paragraph. 

 

(c)
Any Lender may, without the consent of the Borrower, the Administrative Agent, the Swingline Lender or the Issuing Bank, sell participations
to one or more banks or other entities (a “Participant”) other than an Ineligible Institution or a Competitor of the
Borrower or any of its Subsidiaries in all or a portion of such Lender’s rights and obligations under this Agreement (including
all or a portion of its Commitment and the Loans owing to it); provided that (i) such Lender’s obligations under this Agreement
shall remain unchanged; (ii) such Lender shall remain solely responsible to the other parties hereto for the performance of such obligations;
and (iii) the Borrower, the Administrative Agent, the Issuing Bank and the other Lenders shall continue to deal solely and directly with
such Lender in connection with such Lender’s rights and obligations under this Agreement. Any agreement or instrument pursuant
to which a Lender sells such a participation shall provide that such Lender shall retain the sole right to enforce this Agreement and
to approve any amendment, modification or waiver of any provision of this Agreement; provided that such agreement or instrument
may provide that such Lender will not, without the consent of the Participant, agree to any amendment, modification or waiver described
in the first proviso to Section 9.02(b) that affects such Participant. The Borrower agrees that each Participant shall be entitled to
the benefits of Sections 2.15, 2.16 and 2.17 (subject to the requirements and limitations therein, including the requirements under Sections
2.17(f) and (g) (it being understood that the documentation required under Section 2.17(f) shall be delivered to the participating Lender
and the information and documentation required under Section 2.17(g) will be delivered to the Borrower and the Administrative Agent))
to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to paragraph (b) of this Section; provided
that such Participant (A) agrees to be subject to the provisions of Sections 2.18 and 2.19 as if it were an assignee under paragraph
(b) of this Section; and (B) shall not be entitled to receive any greater payment under Sections 2.15 or 2.17 with respect to any participation
than its participating Lender would have been entitled to receive, except to the extent such entitlement to receive a greater payment
results from a Change in Law that occurs after the Participant acquired the applicable participation.

 

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Each
Lender that sells a participation agrees, at the Borrower’s request and expense, to use reasonable efforts to cooperate with the
Borrower to effectuate the provisions of Section 2.19(b) with respect to any Participant. To the extent permitted by law, each Participant
also shall be entitled to the benefits of Section 9.08 as though it were a Lender, provided such Participant agrees to be subject to
Section 2.18(d) as though it were a Lender. Each Lender that sells a participation shall, acting solely for this purpose as an agent
of the 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 this Agreement or any other Loan Document (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, Letters of Credit or its other obligations under this Agreement) to any Person except to the extent that such
disclosure is necessary to establish that such Commitment, Loan, Letter of Credit or other obligation is in registered form under Section
5f.103-1(c) of the United States Treasury Regulations. 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, the Administrative Agent (in its capacity
as Administrative Agent) shall have no responsibility for maintaining a Participant Register.

 

(d)
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 such Lender, including without limitation any pledge or assignment to secure obligations to a Federal Reserve Bank, and this Section
shall not apply to any such pledge or assignment of a security interest; provided that no such pledge or assignment of a security
interest shall release a Lender from any of its obligations hereunder or substitute any such pledgee or assignee for such Lender as a
party hereto.

 

SECTION
9.05. Survival. All covenants, agreements, representations and warranties made by the Loan Parties in the Loan Documents and in
the certificates or other instruments delivered in connection with or pursuant to this Agreement or any other Loan Document shall be
considered to have been relied upon by the other parties hereto and shall survive the execution and delivery of the Loan Documents and
the making of any Loans and issuance of any Letters of Credit, regardless of any investigation made by any such other party or on its
behalf and notwithstanding that the Administrative Agent, the Issuing Bank or any Lender may have had notice or knowledge of any Default
or incorrect representation or warranty at the time any credit is extended hereunder, and shall continue in full force and effect as
long as the principal of or any accrued interest on any Loan or any fee or any other amount payable under this Agreement is outstanding
and unpaid (except for Unliquidated Obligations) or any Letter of Credit is outstanding (unless such Letter of Credit has been cash collateralized
in a manner satisfactory to the Issuing Bank) and so long as the Commitments have not expired or terminated. The provisions of Sections
2.15, 2.16, 2.17 and 9.03 and Article VIII shall survive and remain in full force and effect regardless of the consummation of the transactions
contemplated hereby, the repayment of the Loans, the expiration or termination of the Letters of Credit and the Commitments or the termination
of this Agreement or any other Loan Document or any provision hereof or thereof.

 

SECTION
9.06. Counterparts; Integration; Effectiveness; Electronic Execution. (a) This Agreement may be executed in counterparts (and
by different parties hereto on different counterparts), each of which shall constitute an original, but all of which when taken
together shall constitute a single contract. This Agreement, the other Loan Documents and any separate letter agreements with
respect to (i) fees payable to the Administrative Agent and (ii) increases or reductions of the Issuing Bank Sublimit of the Issuing
Bank constitute the entire contract among the parties relating to the subject matter hereof and supersede any and all previous
agreements and understandings, oral or written, relating to the subject matter hereof. Except as provided in Section 4.01, this
Agreement shall become effective when it shall have been executed by the Administrative Agent and when the Administrative
Agent shall have received counterparts hereof which, when taken together, bear the signatures of each of the other parties hereto,
and thereafter shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns.

 

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(b)
Delivery of an executed counterpart of a signature page of (x) this Agreement, (y) any other Loan Document and/or (z) any document,
amendment, approval, consent, information, notice (including, for the avoidance of doubt, any notice delivered pursuant to Section
9.01), certificate, request, statement, disclosure or authorization related to this Agreement, any other Loan Document and/or the
transactions contemplated hereby and/or thereby (each an “Ancillary Document”) that is an Electronic Signature
transmitted by telecopy, emailed pdf. or any other electronic means that reproduces an image of an actual executed signature page
shall be effective as delivery of a manually executed counterpart of this Agreement, such other Loan Document or such Ancillary
Document, as applicable. The words “execution,” “signed,” “signature,” “delivery,”
and words of like import in or relating to this Agreement, any other Loan Document and/or any Ancillary Document shall be deemed to
include Electronic Signatures, deliveries or the keeping of records in any electronic form (including deliveries by telecopy,
emailed pdf. or any other electronic means that reproduces an image of an actual executed signature page), each of which shall be of
the same legal effect, validity or enforceability as a manually executed signature, physical delivery thereof or the use of a
paper-based recordkeeping system, as the case may be; provided that nothing herein shall require the Administrative Agent to accept
Electronic Signatures in any form or format without its prior written consent and pursuant to procedures approved by it; provided,
further, without limiting the foregoing, (i) to the extent the Administrative Agent has agreed to accept any Electronic Signature,
the Administrative Agent and each of the Lenders shall be entitled to rely on such Electronic Signature purportedly given by or on
behalf of the Borrower or any other Loan Party without further verification thereof and without any obligation to review the
appearance or form of any such Electronic Signature and (ii) upon the request of the Administrative Agent or any Lender, any
Electronic Signature shall be promptly followed by a manually executed counterpart. Without limiting the generality of the
foregoing, the Borrower and each Loan Party hereby (A) agrees that, for all purposes, including without limitation, in connection
with any workout, restructuring, enforcement of remedies, bankruptcy proceedings or litigation among the Administrative Agent, the
Lenders, the Borrower and the Loan Parties, Electronic Signatures transmitted by telecopy, emailed pdf. or any other electronic
means that reproduces an image of an actual executed signature page and/or any electronic images of this Agreement, any other Loan
Document and/or any Ancillary Document shall have the same legal effect, validity and enforceability as any paper original, (B) the
Administrative Agent and each of the Lenders may, at its option, create one or more copies of this Agreement, any other Loan
Document and/or any Ancillary Document in the form of an imaged electronic record in any format, which shall be deemed created in
the ordinary course of such Person’s business, and destroy the original paper document (and all such electronic records shall
be considered an original for all purposes and shall have the same legal effect, validity and enforceability as a paper record), (C)
waives any argument, defense or right to contest the legal effect, validity or enforceability of this Agreement, any other Loan
Document and/or any Ancillary Document based solely on the lack of paper original copies of this Agreement, such other Loan Document
and/or such Ancillary Document, respectively, including with respect to any signature pages thereto and (D) waives any claim against
any Lender- Related Person for any Liabilities arising solely from the Administrative Agent’s and/or any Lender’s
reliance on or use of Electronic Signatures and/or transmissions by telecopy, emailed pdf. or any other electronic means that
reproduces an image of an actual executed signature page, including any Liabilities arising as a result of the failure of the
Borrower and/or any Loan Party to use any available security measures in connection with the execution, delivery or transmission of
any Electronic Signature.

 

SECTION
9.07. Severability. Any provision of any Loan Document held to be invalid, illegal or unenforceable in any jurisdiction
shall, as to such jurisdiction, be ineffective to the extent of such invalidity, illegality or unenforceability without affecting
the validity, legality and enforceability of the remaining provisions thereof; and the invalidity of a particular provision
in a particular jurisdiction shall not invalidate such provision in any other jurisdiction.

 

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SECTION
9.08. Right of Setoff. If an Event of Default shall have occurred and be continuing, each Lender and each of its Affiliates is
hereby authorized at any time and from time to time, to the fullest extent permitted by law, to set off and apply any and all deposits
(general or special, time or demand, provisional or final) at any time held and other obligations at any time owing by such Lender or
Affiliate to or for the credit or the account of any Loan Party against any of and all the Secured Obligations held by such Lender, irrespective
of whether or not such Lender shall have made any demand under the Loan Documents and although such obligations may be unmatured. The
applicable Lender shall notify the Borrower and the Administrative Agent of such set- off or application, provided that any failure
to give or any delay in giving such notice shall not affect the validity of any such set-off or application under this Section. The rights
of each Lender under this Section are in addition to other rights and remedies (including other rights of setoff) which such Lender may
have.

 

SECTION
9.09. Governing Law; Jurisdiction; Consent to Service of Process.

 

(a)               
The Loan Documents (other than those containing a contrary express choice of law provision) shall be governed by and construed in accordance
with the internal laws of the State of New York, pursuant to Section 5-1401 of the General Obligations Law of the State of New York,
without regard to principles of conflicts of law, but giving effect to federal laws applicable to national banks.

 

(b)               
Each Loan Party hereby irrevocably and unconditionally submits, for itself and its property, to the exclusive jurisdiction of any U.S.
federal or New York state court sitting in New York, New York in any action or proceeding arising out of or relating to any Loan Documents,
or for recognition or enforcement of any judgment, and each of the parties hereto hereby irrevocably and unconditionally agrees that
all claims in respect of any such action or proceeding may be heard and determined in such state court or, to the extent permitted by
law, in such federal court. Each of the parties hereto agrees that a final judgment in any such action or proceeding shall be conclusive
and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law. Nothing in this Agreement
or any other Loan Document shall affect any right that the Administrative Agent, the Issuing Bank or any Lender may otherwise have to
bring any action or proceeding relating to this Agreement or any other Loan Document against any Loan Party or its properties in the
courts of any jurisdiction. 

 

(c)               
Each Loan Party hereby irrevocably and unconditionally waives, to the fullest extent it may legally and effectively do so, any objection
which it may now or hereafter have to the laying of venue of any suit, action or proceeding arising out of or relating to this Agreement
or any other Loan Document in any court referred to in paragraph (b) of this Section. Each of the parties hereto hereby irrevocably waives,
to the fullest extent permitted by law, the defense of an inconvenient forum to the maintenance of such action or proceeding in any such
court.

 

(d)               
Each party to this Agreement irrevocably consents to service of process in the manner provided for notices in Section 9.01. Nothing in
this Agreement or any other Loan Document will affect the right of any party to this Agreement to serve process in any other manner permitted
by law.

 

SECTION
9.10. WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT
MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT, ANY OTHER
LOAN DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY
HERETO (A) CERTIFIES THAT NO REPRESENTATIVE OR OTHER AGENT (INCLUDING ANY ATTORNEY) OF ANY OTHER PARTY HAS REPRESENTED,
EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B)
ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL
WAIVERS AND CERTIFICATIONS IN THIS SECTION.

 

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SECTION
9.11. Headings. Article and Section headings and the Table of Contents used herein are for convenience of reference only, are
not part of this Agreement and shall not affect the construction of, or be taken into consideration in interpreting, this Agreement.

 

SECTION
9.12. Confidentiality. Each of the Administrative Agent, the Issuing Bank and the Lenders agrees to maintain the confidentiality
of the Information (as defined below), except that Information may be disclosed (a) to its and its Affiliates’ directors, officers,
employees and agents, including accountants, legal counsel and other advisors (it being understood that the Persons to whom such disclosure
is made will be informed of the confidential nature of such Information and instructed to keep such Information confidential), (b) to
the extent requested by any Governmental Authority (including any self-regulatory authority, such as the National Association of Insurance
Commissioners), (c) to the extent required by any Requirement of Law or by any subpoena or similar legal process, (d) to any other party
to this Agreement, (e) in connection with the exercise of any remedies hereunder or under any other Loan Document or any suit, action
or proceeding relating to this Agreement or any other Loan Document or the enforcement of rights hereunder or thereunder, (f) subject
to an agreement containing provisions substantially the same as those of this Section, to (x) any assignee of or Participant in, or any
prospective assignee of or Participant in, any of its rights or obligations under this Agreement or (y) any actual or prospective counterparty
(or its advisors) to any swap or derivative transaction relating to the Loan Parties and their obligations, (g) with the prior written
consent of the Borrower, (h) to holders of Equity Interests in the Borrower, (i) to any Person providing a Guarantee of all or any portion
of the Secured Obligations, or (j) to the extent such Information (x) becomes publicly available other than as a result of a breach of
this Section or (y) becomes available to the Administrative Agent, the Issuing Bank or any Lender on a non-confidential basis from a
source other than the Borrower. For the purposes of this Section, “Information” means all information received from
the Borrower relating to the Borrower or its business, other than any such information that is available to the Administrative Agent,
the Issuing Bank or any Lender on a non-confidential basis prior to disclosure by the Borrower and other than information pertaining
to this Agreement provided by arrangers to data service providers, including league table providers, that serve the lending industry;
provided that, in the case of information received from the Borrower after the date hereof, such information is clearly identified
at the time of delivery as confidential. Any Person required to maintain the confidentiality of Information as provided in this Section
shall be considered to have complied with its obligation to do so if such Person has exercised the same degree of care to maintain the
confidentiality of such Information as such Person would accord to its own confidential information. Each Loan Party consents to the
publication by the Administrative Agent or any Lender of customary advertising material relating to the transactions contemplated hereby
using the name, product photographs, logo or trademark of such Loan Party. In addition, the Administrative Agent and the Lenders may
disclose the existence of this Agreement and information about this Agreement to market data collectors and similar service providers
to the lending industry in the ordinary course of such Person’s business and in a manner consistent with the public disclosures
made by such Person in respect of similar financings and service providers to the agents and the Lenders in connection with the administration
of this Agreement, the other Loan Documents and the Commitments.

 

SECTION
9.13. Several Obligations; Nonreliance; Violation of Law. The respective obligations of the Lenders hereunder are several and
not joint and the failure of any Lender to make any Loan or perform any of its obligations hereunder shall not relieve any other
Lender from any of its obligations hereunder. Each Lender hereby represents that it is not relying on or looking to any
margin stock (as defined in Regulation U of the Board) for the repayment of the Borrowings provided for herein. Anything contained
in this Agreement to the contrary notwithstanding, neither the Issuing Bank nor any Lender shall be obligated to extend credit to
the Borrower in violation of any Requirement of Law.

 

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SECTION
9.14. USA PATRIOT Act. Each Lender that is subject to the requirements of the USA PATRIOT Act hereby notifies each Loan Party
that pursuant to the requirements of the USA PATRIOT Act, it is required to obtain, verify and record information that identifies such
Loan Party, which information includes the name and address of such Loan Party and other information that will allow such Lender to identify
such Loan Party in accordance with the USA PATRIOT Act.

 

SECTION
9.15. Disclosure. Each Loan Party, each Lender and the Issuing Bank hereby acknowledges and agrees that the Administrative Agent
and/or its Affiliates from time to time may hold investments in, make other loans to or have other relationships with, any of the Loan
Parties and their respective Affiliates. In addition, each Loan Party, each Lender and the Issuing Bank hereby acknowledges that Chase
and any of its affiliates is a counterparty to a Material Contract with Borrower and/or one or more other Loan Parties and each Loan
Party, each Lender and the Issuing Bank hereby acknowledges that Chase and any of its affiliates may exercise any rights or remedies
available to Chase or its Affiliates under any such Material Contract and nothing in this Agreement or any other Loan Document will impair
or affect Chase and its Affiliates rights under any such Material Contract. Each Lender also acknowledges that Chase and its affiliates
have no obligation to use in connection with the Transactions, or to furnish to such Lender, confidential information obtained by it
in connection with its activities under any Material Contract.

 

SECTION
9.16. Appointment for Perfection. Each Lender hereby appoints each other Lender as its agent for the purpose of perfecting Liens,
for the benefit of the Administrative Agent and the Secured Parties, in assets which, in accordance with Article 9 of the UCC or any
other applicable law can be perfected only by possession or control. Should any Lender (other than the Administrative Agent) obtain possession
or control of any such Collateral, such Lender shall notify the Administrative Agent thereof, and, promptly upon the Administrative Agent’s
request therefor shall deliver such Collateral to the Administrative Agent or otherwise deal with such Collateral in accordance with
the Administrative Agent’s instructions.

 

SECTION
9.17. Interest Rate Limitation. Notwithstanding anything herein to the contrary, if at any time the interest rate applicable to
any Loan, together with all fees, charges and other amounts which are treated as interest on such Loan under applicable law (collectively
the “ Charges”), shall exceed the maximum lawful rate (the “Maximum Rate”) which may be contracted
for, charged, taken, received or reserved by the Lender holding such Loan in accordance with applicable law, the rate of interest payable
in respect of such Loan hereunder, together with all Charges payable in respect thereof, shall be limited to the Maximum Rate and, to
the extent lawful, the interest and Charges that would have been payable in respect of such Loan but were not payable as a result of
the operation of this Section shall be cumulated and the interest and Charges payable to such Lender in respect of other Loans or periods
shall be increased (but not above the Maximum Rate therefor) until such cumulated amount, together with interest thereon at the Federal
Funds Effective Rate to the date of repayment, shall have been received by such Lender.

 

SECTION
9.18. Marketing Consent. The Borrower hereby authorizes Chase and its affiliates (collectively, the “Chase
Parties”), at their respective sole expense, but without any prior approval by the Borrower, to include the
Borrower’s name and logo in advertising slicks posted on its internet site, in pitchbooks or sent in mailings to prospective
customers and to give such other publicity to this Agreement as each may from time to time determine in its sole discretion.
Notwithstanding the foregoing, Chase Parties shall not publish the Borrower’s name in a newspaper or magazine without
obtaining the Borrower’s prior written approval. The foregoing authorization shall remain in effect unless the Borrower
notifies Chase in writing that such authorization is revoked.

 

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SECTION
9.19. Acknowledgement and Consent to Bail-In of Affected Financial Institutions. Notwithstanding anything to the contrary in any
Loan Document or in any other agreement, arrangement or understanding among any such parties, each party hereto acknowledges that any
liability of any Affected Financial Institution arising under any Loan Document may be subject to the Write-Down and Conversion Powers
of the applicable Resolution Authority and agrees and consents to, and acknowledges and agrees to be bound by:

 

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

 

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

 

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

 

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

 

(iii)            
the variation of the terms of such liability in connection with the exercise of the write-down and conversion powers of any the applicable
Resolution Authority.

 

SECTION
9.20. No Fiduciary Duty, etc. Each Loan Party acknowledges and agrees, and acknowledges its subsidiaries’ understanding,
that no Credit Party will have any obligations except those obligations expressly set forth herein and in the other Loan Documents and
each Credit Party is acting solely in the capacity of an arm’s length contractual counterparty to the Loan Parties with respect
to the Loan Documents and the transactions contemplated therein and not as a financial advisor or a fiduciary to, or an agent of, any
Loan Party or any other person. Each Loan Party agrees that it will not assert any claim against any Credit Party based on an alleged
breach of fiduciary duty by such Credit Party in connection with this Agreement and the transactions contemplated hereby. Additionally,
each Loan Party acknowledges and agrees that no Credit Party is advising any Loan Party as to any legal, tax, investment, accounting,
regulatory or any other matters in any jurisdiction. Each Loan Party shall consult with its own advisors concerning such matters and
shall be responsible for making its own independent investigation and appraisal of the transactions contemplated hereby, and the Credit
Parties shall have no responsibility or liability to any Loan Party with respect thereto.

 

Each
Loan Party further acknowledges and agrees, and acknowledges its subsidiaries’ understanding, that each Credit Party, together
with its affiliates, is a full service securities or banking firm engaged in securities trading and brokerage activities as well as
providing investment banking and other financial services. In the ordinary course of business, any Credit Party may provide
investment banking and other financial services to, and/or acquire, hold or sell, for its own accounts and the accounts of
customers, equity, debt and other securities and financial instruments (including bank loans and other obligations) of, the Loan
Parties and other companies with which the Loan Parties may have commercial or other relationships. With respect to any securities
and/or financial instruments so held by any Credit Party or any of its customers, all rights in respect of such securities and
financial instruments, including any voting rights, will be exercised by the holder of the rights, in its sole discretion.

 

In
addition, each Loan Party acknowledges and agrees, and acknowledges its subsidiaries’ understanding, that each Credit Party
and its affiliates may be providing debt financing, equity capital or other services (including financial advisory services) to
other companies in respect of which the Loan Parties may have conflicting interests regarding the transactions described herein and
otherwise. No Credit Party will use confidential information obtained from any Loan Party by virtue of the transactions contemplated
by the Loan Documents or its other relationships with the Loan Parties in connection with the performance by such Credit Party of
services for other companies, and no Credit Party will furnish any such information to other companies. Each Loan Party also
acknowledges that no Credit Party has any obligation to use in connection with the transactions contemplated by the Loan Documents,
or to furnish to any Loan Party, confidential information obtained from other companies.

 

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SECTION
9.21. Amendment and Restatement.

 

(a)               
On the Restatement Date, the Existing Credit Agreement shall be amended, restated and superseded in its entirety hereby. The parties
hereto acknowledge and agree that (i) this Agreement, any promissory notes delivered pursuant to Section 2.10(h) and the other Loan Documents
executed and delivered in connection herewith do not constitute a novation, payment and reborrowing, refinancing or termination of the
obligations under the Existing Credit Agreement as in effect prior to the Restatement Date; (ii) the “Loans” (as defined
in the Existing Credit Agreement) have not become due and payable prior to the Restatement Date as a result of the amendment and restatement
of the Existing Credit Agreement; (iii) such obligations are in all respects continuing with only the terms thereof being modified as
provided in this Agreement; (iv) upon the effectiveness of this Agreement all loans and letters of credit outstanding under the Existing
Credit Agreement immediately before the effectiveness of this Agreement will be part of the Loans and Letters of Credit hereunder on
the terms and conditions set forth in this Agreement; and (v) the Liens granted under the Existing Credit Agreement and the other Collateral
Documents (as defined in the Existing Credit Agreement) securing payment of such obligations are in all respects ratified, confirmed,
and continuing and in full force and effect, without interruption or impairment of any kind, after giving effect to this Agreement and
the other Loan Documents and the transactions contemplated hereby and shall continue to secure the Obligations (as defined herein), except
to the extent such Collateral Documents are amended, restated, modified or otherwise supplemented on the Restatement Date.

 

(b)               
Notwithstanding the modifications effected by this Agreement of the representations, warranties and covenants of any Loan Party contained
in the Existing Credit Agreement, such Loan Party acknowledges and agrees that any causes of action or other rights created prior to
the Restatement Date in favor of any Lender and its successors arising out of the representations and warranties of such Loan Party and
contained in or delivered (including representations and warranties delivered in connection with the making of the loans or other extensions
of credit thereunder) in connection with the Existing Credit Agreement or any other Loan Document executed in connection therewith prior
to the Restatement Date shall survive the execution and delivery of this Agreement; provided, however, that it is understood
and agreed that the Borrowers’ monetary obligations under the Existing Credit Agreement in respect of the loans and letters of
credit thereunder are now monetary obligations of the Borrowers as evidenced by this Agreement as provided in Section 2 hereof.

 

(c)               
All indemnification obligations of any Loan Party pursuant to the Existing Credit Agreement (including any arising from a breach of the
representations thereunder) with respect to any losses, claims, damages, liabilities and related expenses occurring prior to the Restatement
Date shall survive the amendment and restatement of the Existing Credit Agreement pursuant to this Agreement. All costs and expenses
which were due and owing under the Existing Credit Agreement shall continue to be due and owing under, and shall be due and payable in
accordance with, this Agreement.

 

(d)              On and after the Restatement Date, each reference in the Loan Documents to the “Credit Agreement”, “thereunder”,
 “thereof” or similar words referring to the Existing Credit Agreement shall mean and be a reference to this Agreement.

 

SECTION
9.22. Acknowledgement Regarding Any Supported QFCs. To the extent that the Loan Documents provide support, through a guarantee
or otherwise, for Swap Agreements or any other agreement or instrument that is a QFC (such support “QFC Credit Support”
and each such QFC a “Supported QFC”), the parties acknowledge and agree as follows with respect to the resolution
power of the Federal Deposit Insurance Corporation under the Federal Deposit Insurance Act and Title II of the Dodd-Frank Wall Street
Reform and Consumer Protection Act (together with the regulations promulgated thereunder, the “U.S. Special Resolution Regimes”)
in respect of such Supported QFC and QFC Credit Support (with the provisions below applicable notwithstanding that the Loan Documents
and any Supported QFC may in fact be stated to be governed by the laws of the State of New York and/or of the United States or any other
state of the United States):

 

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In
the event a Covered Entity that is party to a Supported QFC (each, a “ Covered Party”) becomes subject to a proceeding
under a U.S. Special Resolution Regime, the transfer of such Supported QFC and the benefit of such QFC Credit Support (and any interest
and obligation in or under such Supported QFC and such QFC Credit Support, and any rights in property securing such Supported QFC or
such QFC Credit Support) from such Covered Party will be effective to the same extent as the transfer would be effective under the U.S.
Special Resolution Regime if the Supported QFC and such QFC Credit Support (and any such interest, obligation and rights in property)
were governed by the laws of the United States or a state of the United States. In the event a Covered Party or a BHC Act Affiliate of
a Covered Party becomes subject to a proceeding under a U.S. Special Resolution Regime, Default Rights under the Loan Documents that
might otherwise apply to such Supported QFC or any QFC Credit Support that may be exercised against such Covered Party are permitted
to be exercised to no greater extent than such Default Rights could be exercised under the U.S. Special Resolution Regime if the Supported
QFC and the Loan Documents were governed by the laws of the United States or a state of the United States. Without limitation of the
foregoing, it is understood and agreed that rights and remedies of the parties with respect to a Defaulting Lender shall in no event
affect the rights of any Covered Party with respect to a Supported QFC or any QFC Credit Support.

 

ARTICLE
X 

Loan
Guaranty

 

SECTION
10.01. Guaranty. Each Loan Guarantor (other than those that have delivered a separate Obligation Guaranty) hereby agrees that
it is jointly and severally liable for, and, as a primary obligor and not merely as surety, absolutely, unconditionally and
irrevocably guarantees to the Secured Parties, the prompt payment when due, whether at stated maturity, upon acceleration or
otherwise, and at all times thereafter, of the Secured Obligations and all costs and expenses including, without limitation, all
court costs and reasonable attorneys’ and paralegals’ fees (including allocated costs of in-house counsel and
paralegals) and expenses paid or incurred by the Administrative Agent, the Issuing Bank and the Lenders in endeavoring to collect
all or any part of the Secured Obligations from, or in prosecuting any action against, the Borrower, any Loan Guarantor or any other
guarantor of all or any part of the Secured Obligations (such costs and expenses, together with the Secured Obligations,
collectively the “ Guaranteed Obligations”); provided, however, that the definition of
 “Guaranteed Obligations” shall not create any guarantee by any Loan Guarantor of (or grant of security interest by any
Loan Guarantor to support, as applicable) any Excluded Swap Obligations of such Loan Guarantor for purposes of determining any
obligations of any Loan Guarantor. Each Loan Guarantor further agrees that the Guaranteed Obligations may be extended or renewed in
whole or in part without notice to or further assent from it, and that it remains bound upon its guarantee notwithstanding any such
extension or renewal. All terms of this Loan Guaranty apply to and may be enforced by or on behalf of any domestic or foreign
branch or Affiliate of any Lender that extended any portion of the Guaranteed Obligations.

 

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SECTION
10.02. Guaranty of Payment. This Loan Guaranty is a guaranty of payment and not of collection. Each Loan Guarantor waives any
right to require the Administrative Agent, the Issuing Bank or any Lender to sue the Borrower, any Loan Guarantor, any other guarantor
of, or any other Person obligated for all or any part of the Guaranteed Obligations (each, an “Obligated Party”),
or otherwise to enforce its payment against any collateral securing all or any part of the Guaranteed Obligations.

 

SECTION
10.03. No Discharge or Diminishment of Loan Guaranty.

 

(a)               
Except as otherwise provided for herein, the obligations of each Loan Guarantor hereunder are unconditional and absolute and not subject
to any reduction, limitation, impairment or termination for any reason (other than the indefeasible payment in full in cash of the Guaranteed
Obligations), including: (i) any claim of waiver, release, extension, renewal, settlement, surrender, alteration, or compromise of any
of the Guaranteed Obligations, by operation of law or otherwise; (ii) any change in the corporate existence, structure or ownership of
the Borrower or any other Obligated Party liable for any of the Guaranteed Obligations; (iii) any insolvency, bankruptcy, reorganization
or other similar proceeding affecting any Obligated Party, or their assets or any resulting release or discharge of any obligation of
any Obligated Party; or (iv) the existence of any claim, setoff or other rights which any Loan Guarantor may have at any time against
any Obligated Party, the Administrative Agent, the Issuing Bank, any Lender, or any other Person, whether in connection herewith or in
any unrelated transactions.

 

(b)               
The obligations of each Loan Guarantor hereunder are not subject to any defense or setoff, counterclaim, recoupment, or termination whatsoever
by reason of the invalidity, illegality, or unenforceability of any of the Guaranteed Obligations or otherwise, or any provision of applicable
law or regulation purporting to prohibit payment by any Obligated Party, of the Guaranteed Obligations or any part thereof (including,
without limitation, any setoff or counterclaim against any amount owed pursuant to any Material Contract between any Loan Party and Chase).

 

(c)               
Further, the obligations of any Loan Guarantor hereunder are not discharged or impaired or otherwise affected by: (i) the failure of
the Administrative Agent, the Issuing Bank or any Lender to assert any claim or demand or to enforce any remedy with respect to all or
any part of the Guaranteed Obligations; (ii) any waiver or modification of or supplement to any provision of any agreement relating to
the Guaranteed Obligations; (iii) any release, non-perfection, or invalidity of any indirect or direct security for the obligations of
the Borrower for all or any part of the Guaranteed Obligations or any obligations of any other Obligated Party liable for any of the
Guaranteed Obligations; (iv) any action or failure to act by the Administrative Agent, the Issuing Bank or any Lender with respect to
any collateral securing any part of the Guaranteed Obligations; or (v) any default, failure or delay, willful or otherwise, in the payment
or performance of any of the Guaranteed Obligations, or any other circumstance, act, omission or delay that might in any manner or to
any extent vary the risk of such Loan Guarantor or that would otherwise operate as a discharge of any Loan Guarantor as a matter of law
or equity (other than the indefeasible payment in full in cash of the Guaranteed Obligations).

 

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SECTION
10.04. Defenses Waived. To the fullest extent permitted by applicable law, each Loan Guarantor hereby waives any defense
based on or arising out of any defense of the Borrower or any Loan Guarantor or the unenforceability of all or any part of the
Guaranteed Obligations from any cause, or the cessation from any cause of the liability of the Borrower, any Loan Guarantor or any
other Obligated Party, other than the indefeasible payment in full in cash of the Guaranteed Obligations. Without limiting the
generality of the foregoing, each Loan Guarantor irrevocably waives acceptance hereof, presentment, demand, protest and, to the
fullest extent permitted by law, any notice not provided for herein, as well as any requirement that at any time any action be taken
by any Person against any Obligated Party, or any other Person. Each Loan Guarantor confirms that it is not a surety under any state
law and shall not raise any such law as a defense to its obligations hereunder. The Administrative Agent may, at its election,
foreclose on any Collateral held by it by one or more judicial or nonjudicial sales, accept an assignment of any such Collateral in
lieu of foreclosure or otherwise act or fail to act with respect to any collateral securing all or a part of the Guaranteed
Obligations, compromise or adjust any part of the Guaranteed Obligations, make any other accommodation with any Obligated Party or
exercise any other right or remedy available to it against any Obligated Party, without affecting or impairing in any way the
liability of such Loan Guarantor under this Loan Guaranty, except to the extent the Guaranteed Obligations have been fully and
indefeasibly paid in cash. To the fullest extent permitted by applicable law, each Loan Guarantor waives any defense arising out of
any such election even though that election may operate, pursuant to applicable law, to impair or extinguish any right of
reimbursement or subrogation or other right or remedy of any Loan Guarantor against any Obligated Party or any security.

 

SECTION
10.05. Rights of Subrogation. No Loan Guarantor will assert any right, claim or cause of action, including, without limitation,
a claim of subrogation, contribution or indemnification that it has against any Obligated Party, or any collateral, until the Loan Parties
and the Loan Guarantors have fully performed all their obligations to the Administrative Agent, the Issuing Bank and the Lenders.

 

SECTION
10.06. Reinstatement; Stay of Acceleration. If at any time any payment of any portion of the Guaranteed Obligations (including
a payment effected through exercise of a right of setoff) is rescinded, or must otherwise be restored or returned upon the insolvency,
bankruptcy or reorganization of the Borrower or otherwise (including pursuant to any settlement entered into by a Secured Party in its
discretion), each Loan Guarantor’s obligations under this Loan Guaranty with respect to that payment shall be reinstated at such
time as though the payment had not been made and whether or not the Administrative Agent, the Issuing Bank and the Lenders are in possession
of this Loan Guaranty. If acceleration of the time for payment of any of the Guaranteed Obligations is stayed upon the insolvency, bankruptcy
or reorganization of the Borrower, all such amounts otherwise subject to acceleration under the terms of any agreement relating to the
Guaranteed Obligations shall nonetheless be payable by the Loan Guarantors forthwith on demand by the Administrative Agent.

 

SECTION
10.07. Information. Each Loan Guarantor assumes all responsibility for being and keeping itself informed of the Borrower’s
financial condition and assets, and of all other circumstances bearing upon the risk of nonpayment of the Guaranteed Obligations and
the nature, scope and extent of the risks that each Loan Guarantor assumes and incurs under this Loan Guaranty, and agrees that none
of the Administrative Agent, the Issuing Bank or any Lender shall have any duty to advise any Loan Guarantor of information known to
it regarding those circumstances or risks.

 

SECTION
10.08. Termination. Each of the Lenders and the Issuing Bank may continue to make loans or extend credit to the Borrower based
on this Loan Guaranty until five (5) days after it receives written notice of termination from any Loan Guarantor. Notwithstanding receipt
of any such notice, each Loan Guarantor will continue to be liable to the Lenders for any Guaranteed Obligations created, assumed or
committed to prior to the fifth day after receipt of the notice, and all subsequent renewals, extensions, modifications and amendments
with respect to, or substitutions for, all or any part of such Guaranteed Obligations. Nothing in this Section 10.08 shall be deemed
to constitute a waiver of, or eliminate, limit, reduce or otherwise impair any rights or remedies the Administrative Agent or any Lender
may have in respect of, any Default or Event of Default that shall exist under clause (o) of Article VII hereof as a result of any such
notice of termination.

 

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SECTION
10.09. Taxes. Each payment of the Guaranteed Obligations will be made by each Loan Guarantor without withholding for any
Taxes, unless such withholding is required by law. If any Loan Guarantor determines, in its sole discretion exercised in good
faith, that it is so required to withhold Taxes, then such Loan Guarantor may so withhold and shall timely pay the full amount of
withheld Taxes to the relevant Governmental Authority in accordance with applicable law. If such Taxes are Indemnified Taxes, then
the amount payable by such Loan Guarantor shall be increased as necessary so that, net of such withholding (including such
withholding applicable to additional amounts payable under this Section), the Administrative Agent, Lender or Issuing Bank (as the
case may be) receives the amount it would have received had no such withholding been made.

 

SECTION
10.10. Maximum Liability. Notwithstanding any other provision of this Loan Guaranty, the amount guaranteed by each Loan Guarantor
hereunder shall be limited to the extent, if any, required so that its obligations hereunder shall not be subject to avoidance under
Section 548 of the Bankruptcy Code or under any applicable state Uniform Fraudulent Transfer Act, Uniform Fraudulent Conveyance Act or
similar statute or common law. In determining the limitations, if any, on the amount of any Loan Guarantor’s obligations hereunder
pursuant to the preceding sentence, it is the intention of the parties hereto that any rights of subrogation, indemnification or contribution
which such Loan Guarantor may have under this Loan Guaranty, any other agreement or applicable law shall be taken into account.

 

SECTION
10.11. Contribution.

 

(a)               
To the extent that any Loan Guarantor shall make a payment under this Loan Guaranty (a “Guarantor Payment”) which,
taking into account all other Guarantor Payments then previously or concurrently made by any other Loan Guarantor, exceeds the amount
which otherwise would have been paid by or attributable to such Loan Guarantor if each Loan Guarantor had paid the aggregate Guaranteed
Obligations satisfied by such Guarantor Payment in the same proportion as such Loan Guarantor’s “Allocable Amount”
(as defined below) (as determined immediately prior to such Guarantor Payment) bore to the aggregate Allocable Amounts of each of the
Loan Guarantors as determined immediately prior to the making of such Guarantor Payment, then, following indefeasible payment in full
in cash of the Guarantor Payment and the Guaranteed Obligations (other than Unliquidated Obligations that have not yet arisen), and all
Commitments and Letters of Credit have terminated or expired or, in the case of all Letters of Credit, are fully collateralized on terms
reasonably acceptable to the Administrative Agent and the Issuing Bank, and this Agreement, the Swap Agreement Obligations and the Banking
Services Obligations have terminated, such Loan Guarantor shall be entitled to receive contribution and indemnification payments from,
and be reimbursed by, each other Loan Guarantor for the amount of such excess, pro rata based upon their respective Allocable Amounts
in effect immediately prior to such Guarantor Payment. 

 

(b)               
As of any date of determination, the “Allocable Amount” of any Loan Guarantor shall be equal to the excess of the fair saleable
value of the property of such Loan Guarantor over the total liabilities of such Loan Guarantor (including the maximum amount reasonably
expected to become due in respect of contingent liabilities, calculated, without duplication, assuming each other Loan Guarantor that
is also liable for such contingent liability pays its ratable share thereof), giving effect to all payments made by other Loan Guarantors
as of such date in a manner to maximize the amount of such contributions. 

 

(c)               
This Section 10.11 is intended only to define the relative rights of the Loan Guarantors, and nothing set forth in this Section 10.11
is intended to or shall impair the obligations of the Loan Guarantors, jointly and severally, to pay any amounts as and when the same
shall become due and payable in accordance with the terms of this Loan Guaranty.

 

(d)               
The parties hereto acknowledge that the rights of contribution and indemnification hereunder shall constitute assets of the Loan Guarantor
or Loan Guarantors to which such contribution and indemnification is owing.

 

    - 123 -

     

    

 

(e)
The rights of the indemnifying Loan Guarantors against other Loan Guarantors under this Section 10.11 shall be exercisable upon the full
and indefeasible payment of the Guaranteed Obligations in cash (other than Unliquidated Obligations that have not yet arisen) and the
termination or expiry (or, in the case of all Letters of Credit, full cash collateralization), on terms reasonably acceptable to the
Administrative Agent and the Issuing Bank, of the Commitments and all Letters of Credit issued hereunder and the termination of this
Agreement, the Swap Agreement Obligations and the Banking Services Obligations.

 

SECTION
10.12. Liability Cumulative. The liability of each Loan Party as a Loan Guarantor under this Article X is in addition to and shall
be cumulative with all liabilities of each Loan Party to the Administrative Agent, the Issuing Bank and the Lenders under this Agreement
and the other Loan Documents to which such Loan Party is a party or in respect of any obligations or liabilities of the other Loan Parties,
without any limitation as to amount, unless the instrument or agreement evidencing or creating such other liability specifically provides
to the contrary.

 

SECTION
10.13. Keepwell. Each Qualified ECP Guarantor hereby jointly and severally absolutely, unconditionally and irrevocably undertakes
to provide such funds or other support as may be needed from time to time by each other Loan Party to honor all of its obligations under
this Guarantee in respect of a Swap Obligation (provided, however, that each Qualified ECP Guarantor shall only be liable under this
Section 10.13 for the maximum amount of such liability that can be hereby incurred without rendering its obligations under this Section
10.13 or otherwise under this Loan Guaranty voidable under applicable law relating to fraudulent conveyance or fraudulent transfer, and
not for any greater amount). Except as otherwise provided herein, the obligations of each Qualified ECP Guarantor under this Section
10.13 shall remain in full force and effect until the termination of all Swap Obligations. Each Qualified ECP Guarantor intends that
this Section 10.13 constitute, and this Section 10.13 shall be deemed to constitute, a “keepwell, support, or other agreement”
for the benefit of each other Loan Party for all purposes of Section 1a(18)(A)(v)(II) of the Commodity Exchange Act.

 

[Signature
Page Follows]

 

    - 124 -

     

    

 

IN
WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed and delivered by their respective authorized
officers as of the day and year first above written.

 

	 	COMPOSECURE,
    L.L.C.
	 	 
	 	By: 	/s/
    Timothy W. Fitzsimmons
	 	Name:
    Timothy W. Fitzsimmons
	 	Title:
    Chief Financial Officer
	 	 
	 	ARCULUS
    HOLDINGS, L.L.C.
	 	 
	 	By: 	/s/
    Timothy W. Fitzsimmons
	 	Name:
    Timothy W. Fitzsimmons
	 	Title:
    Chief Financial Officer
	 	 
	 	COMPOSECURE
    HOLDINGS, L.L.C.
	 	 
	 	By: 	/s/
    Timothy W. Fitzsimmons
	 	Name:
    Timothy W. Fitzsimmons
	 	Title:
    Chief Financial Officer

 

[Signature Page to Third Amended and Restated Credit Agreement] 

 

     

     

    

 

	 	JPMORGAN
CHASE BANK, N.A., individually, and as Administrative Agent, Swingline Lender, Issuing Bank and a Lender

 

	 	By: 	/s/ Richard  J.
    Baldwin
	 	Name:	  Richard  J.
    Baldwin
	 	Title:	  Authorized Officer

 

[Signature
Page to Third Amended and Restated Credit Agreement]

 

     

     

    

 

	 	Bank
    of America, N. A.
	 	 
	 	By: 	/s/
    Kristina A. Catlin  
	 	Name:
    Kristina A. Catlin 
	 	Title:
    Vice President

 

[Signature
Page to Third Amended and Restated Credit Agreement]

 

     

     

    

 

	 	PNC
    Bank, National Association
	 	 
	 	By:	/s/
    Timothy J. Ambrose 
	 	Name:
    Timothy J. Ambrose
	 	Title:
      Vice President

 

[Signature
Page to Third Amended and Restated Credit Agreement]

 

     

     

    

 

	 	TD
    BANK, N.A.
	 	 
	 	By:	/s/
    Michael Thomson 
	 	Name:
     Michael Thomson 
	 	Title:
       Senior Vice President

 

[Signature
Page to Third Amended and Restated Credit Agreement]

 

     

     

    

 

	 	Peapack-Gladstone
    Bank
	 	 
	 	By:	/s/
    Frank H. D’Alto  
	 	Name:	Frank
    H. D’Alto 
	 	Title:
    	Senior
    Managing Director

 

[Signature
Page to Third Amended and Restated Credit Agreement]

 

     

     

    

 

	 	East
    West Bank
	 	 
	 	By: 	/s/
    Keith Vogelgesang 
	 	Name:
    Keith Vogelgesang 
	 	Title:
    Senior Vice President

 

[Signature
Page to Third Amended and Restated Credit Agreement]

 

     

     

    

 

	 	City National Bank, a national banking association
	 	 
	 	By: 	/s/  Jay Yarnell
	 	Name: Jay Yarnell
	 	Title:   Senior Vice President/Metro New York Market Manager - Commercial Banking

 

[Signature
Page to Third Amended and Restated Credit Agreement)

 

     

     

    

 

	 	INVESTORS BANK
	 	 
	 	By:	/s/ Thomas L. Savage 
	 	Name:  Thomas L. Savage 
	 	Title:    Senior Vice President

 

[Signature
Page to Third Amended and Restated Credit Agreement]Exhibit 10.11

 

COMPOSECURE, INC.

2021 INCENTIVE EQUITY PLAN

 

Effective as of the Effective
Date (as defined below), the CompoSecure, Inc. 2021 Incentive Equity Plan (as in effect from time to time, the “Plan”)
is hereby established.

 

The purpose of the Plan is
to provide employees of CompoSecure, Inc., a Delaware corporation formerly known as Roman DBDR Tech Acquisition Corp. (together with its
successors, the “Company”), and its subsidiaries, certain consultants and advisors who perform services for the Company
or its subsidiaries, and non-employee members of the Board of Directors of the Company, with the opportunity to receive grants of incentive
stock options, nonqualified stock options, stock appreciation rights, stock awards, stock units, and other stock-based awards.

 

The Company believes that
the Plan will encourage the participants to contribute materially to the growth of the Company, thereby benefitting the Company’s
stockholders, and will align the economic interests of the participants with those of the stockholders.

 

Section 1.                
Definitions

 

The following terms has the
meanings set forth below for purposes of the Plan:

 

(a)              
“409A” means Section 409A of the Code.

 

(b)              
“Board” means the Board of Directors of the Company.

 

(c)              
“Cause” has the meaning given to that term in any written employment agreement, offer letter or severance agreement
between the Employer and the Participant, or if no such agreement exists or if such term is not defined therein, and unless otherwise
defined in the Grant Instrument, Cause means a finding by the Committee that the Participant (i) has breached his or her employment or
service contract with the Employer, (ii) has engaged in disloyalty to the Employer, including, without limitation, fraud, embezzlement,
theft, commission of a felony or proven dishonesty, (iii) has disclosed trade secrets or confidential information of the Employer to Persons
not entitled to receive such information, (iv) has breached any written non-competition, non-solicitation, invention assignment or confidentiality
agreement between the Participant and the Employer or (v) has engaged in such other behavior detrimental to the interests of the Employer
as the Committee determines.

 

(d)              
“CEO” means the Chief Executive Officer of the Company.

 

(e)              
“Change of Control”, unless otherwise set forth in a Grant Instrument, shall be deemed to have occurred if:

 

(i)                 Any
 “person” (as such term is used in Sections 13(d) and 14(d) of the Exchange Act) becomes a “beneficial owner”
(as defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of securities of the Company representing more than 50%
of the voting power of the then outstanding securities of the Company; provided that a Change of Control shall not be deemed
to occur as a result of a transaction in which the Company becomes a direct or indirect subsidiary of another Person and in which
the stockholders of the Company, immediately prior to the transaction, will beneficially own, immediately after the transaction,
shares of such other Person representing more than 50% of the voting power of the then outstanding securities of such other
Person;

 

     

     

    

 

(ii)             
The consummation of (A) a merger or consolidation of the Company with another Person where, immediately after the merger or consolidation,
the stockholders of the Company, immediately prior to the merger or consolidation, will not beneficially own, in substantially the same
proportion as ownership immediately prior to the merger or consolidation, shares entitling such stockholders to more than 50% of all votes
to which all stockholders of the surviving Person would be entitled in the election of directors, or where the members of the Board, immediately
prior to the merger or consolidation, will not, immediately after the merger or consolidation, constitute a majority of the board of directors
of the surviving Person or (B) a sale or other disposition of all or substantially all of the assets of the Company;

 

(iii)           
A change in the composition of the Board over a period of 12 consecutive months or less such that a majority of the Board members
ceases, by reason of one or more contested elections, or threatened election contests, for Board membership, to be comprised of individuals
who either (A) have been Board members continuously since the beginning of such period or (B) have been elected or nominated for election
as Board members during such period by at least a majority of the Board members described in clause (A) who were still in office at the
time the Board approved such election or nomination; or

 

(iv)            
The consummation of a complete dissolution or liquidation of the Company.

 

The Committee may modify the
definition of Change of Control for a particular Grant as the Committee deems appropriate to comply with 409A or otherwise. Notwithstanding
the foregoing, if a Grant constitutes deferred compensation subject to 409A and the Grant provides for payment upon a Change of Control,
then, for purposes of such payment provisions, no Change of Control shall be deemed to have occurred upon an event described in items
(i) – (iv) above unless the event would also constitute a change in ownership or effective control of, or a change in the ownership
of a substantial portion of the assets of, the Company under 409A.

 

(f)               
“Class A Stock” means the Class A common stock, par value $0.0001 per share, of the Company.

 

(g)              
“Class B Stock” means the Class B common stock, par value $0.0001 per share, of the Company.

 

(h)              
 “Code” means the Internal Revenue Code of 1986, as amended, and the regulations promulgated thereunder.

 

(i)                
“Committee” means the Compensation Committee of the Board or another committee appointed by the Board to administer
the Plan and to the extent the Board does not appoint a committee, the Board can serve as the Committee. The Committee shall consist of
directors who are “non-employee directors” as defined under Rule 16b-3 promulgated under the Exchange Act and “independent
directors,” as determined in accordance with the independence standards established by the stock exchange on which the Class A Stock
is at the time primarily traded.

 

    -2-

     

    

 

(j)                
 “Disability” or “Disabled” means, unless otherwise set forth in the Grant Instrument, a
Participant’s becoming disabled within the meaning of the Employer’s long-term disability plan applicable to the Participant.

 

(k)              
“Dividend Equivalent” means an amount determined by multiplying the number of shares of Class A Stock subject
to a Stock Unit or Other Stock-Based Award by the per-share cash dividend paid by the Company on its outstanding Class A Stock, or the
per-share Fair Market Value of any dividend paid on its outstanding Class A Stock in consideration other than cash. If interest is credited
on accumulated divided equivalents, the term “Dividend Equivalent” shall include the accrued interest.

 

(l)                
“Effective Date” means the effective date of the consummation of the merger contemplated by the Merger Agreement,
subject to approval of the Plan by the stockholders of the Company.

 

(m)            
“Employed by, or providing service to, the Employer” or “Employed by, or provide service to, the Employer”
means employment or service as an Employee, Key Advisor or member of the Board (so that, for purposes of exercising Options and SARs and
satisfying conditions with respect to Stock Awards, Stock Units, and Other Stock-Based Awards, a Participant shall not be considered to
have terminated employment or service until the Participant ceases to be an Employee, Key Advisor and member of the Board), unless the
Committee determines otherwise. If a Participant’s relationship is with a subsidiary of the Company and that entity ceases to be
a subsidiary of the Company, the Participant will be deemed to cease employment or service when the entity ceases to be a subsidiary of
the Company, unless the Participant transfers employment or service to an Employer.

 

(n)              
“Employee” means an employee of the Employer (including an officer or director who is also an employee), but
excluding any person who is classified by the Employer as a “contractor” or “consultant,” no matter how characterized
by the Internal Revenue Service, other governmental agency or a court. Any change of characterization of an individual by the Internal
Revenue Service or any court or government agency shall have no effect upon the classification of an individual as an Employee for purposes
of this Plan, unless the Committee determines otherwise.

 

(o)              
“Employer” means the Company and its subsidiaries.

 

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

 

(q)              
“Exercise Price” means the per share price at which shares of Class A Stock may be purchased under an Option,
as designated by the Committee.

 

(r)               
“Fair Market Value” means:

 

(i)                 For
so long as the Class A Stock is publicly traded, the Fair Market Value per share shall be determined as follows: (A) if the
principal trading market for the Class A Stock is a national securities exchange, the closing sales price during regular trading
hours on the relevant date or, if there were no trades on that date, the latest preceding date upon which a sale was reported, or
(B) if the Class A Stock is not principally traded on any such exchange, the last reported sale price of a share of Class A Stock
during regular trading hours on the relevant date, as reported by the OTC Bulletin Board.

 

    -3-

     

    

 

(ii)             
If the Class A Stock is not publicly traded or, if publicly traded, is not subject to reported transactions as set forth above,
the Fair Market Value per share shall be determined by the Committee through any reasonable valuation method authorized under the Code.

 

(s)               
“GAAP” means United States generally accepted accounting principles.

 

(t)                
“Grant” means an Option, SAR, Stock Award, Stock Unit or Other Stock-Based Award granted under the Plan.

 

(u)              
“Grant Instrument” means the written agreement that sets forth the terms and conditions of a Grant, including
all amendments thereto.

 

(v)              
“Incentive Stock Option” means an Option that is intended to meet the requirements of an incentive stock option
under Section 422 of the Code.

 

(w)            
“Key Advisor” means a consultant or advisor of the Employer who provides bona fide services to the Employer
as an independent contractor and who qualifies as a consultant or advisor under Instruction A.1.(a)(1) of Form S-8 under the Securities
Act of 1933, as amended.

 

(x)              
“Merger Agreement” means that certain Agreement and Plan of Merger, dated as of April 19, 2021, by and among
the Company, Roman Parent Merger Sub, LLC, a Delaware limited liability company, CompoSecure Holdings, L.L.C., a Delaware limited liability
company, and certain other persons named therein and party thereto.

 

(y)              
“Non-Employee Director” means a member of the Board who is not an Employee.

 

(z)              
“Nonqualified Stock Option” means an Option that is not intended to be taxed as an incentive stock option under
Section 422 of the Code.

 

(aa)           
“Option” means an option to purchase shares of Class A Stock, as described in Section 6.

 

(bb)          
“Other Stock-Based Award” means any Grant based on, measured by or payable in Class A Stock (other than an Option,
Stock Unit, Stock Award, or SAR), as described in Section 10.

 

(cc)           
“Participant” means an Employee, Key Advisor or Non-Employee Director designated by the Committee to participate
in the Plan.

 

    -4-

     

    

 

(dd)           “Performance
Goals” means performance goals that may include, but are not limited to, one or more of the following criteria: cash flow;
free cash flow; earnings (including gross margin, earnings before interest and taxes, earnings before taxes, earnings before
interest, taxes, depreciation, amortization and charges for stock-based compensation, earnings before interest, taxes, depreciation
and amortization, adjusted earnings before interest, taxes, depreciation and amortization and net earnings); earnings per share;
growth in earnings or earnings per share; book value growth; stock price; return on equity or average stockholder equity; total
stockholder return or growth in total stockholder return either directly or in relation to a comparative group; return on capital;
return on assets or net assets; revenue, growth in revenue or return on sales; sales; expense reduction or expense control; expense
to revenue ratio; income, net income or adjusted net income; operating income, net operating income, adjusted operating income or
net operating income after tax; operating profit or net operating profit; operating margin; gross profit margin; return on operating
revenue or return on operating profit; regulatory filings; regulatory approvals, litigation and regulatory resolution goals; other
operational, regulatory or departmental objectives; budget comparisons; growth in stockholder value relative to established indexes,
or another peer group or peer group index; development and implementation of strategic plans and/or organizational restructuring
goals; development and implementation of risk and crisis management programs; improvement in workforce diversity; compliance
requirements and compliance relief; safety goals; productivity goals; workforce management and succession planning goals; economic
value added (including typical adjustments consistently applied from generally accepted accounting principles required to determine
economic value added performance measures); measures of customer satisfaction, employee satisfaction or staff development;
development or marketing collaborations, formations of joint ventures or partnerships or the completion of other similar
transactions intended to enhance the Company’s revenue or profitability or enhance its customer base; merger and acquisitions;
and other similar criteria as determined by the Committee. Performance Goals applicable to a Grant shall be determined by the
Committee, and may be established on an absolute or relative basis and may be established on a corporate-wide basis or with respect
to one or more business units, divisions, subsidiaries or business segments. Relative performance may be measured against a group of
peer companies, a financial market index or other objective and quantifiable indices.

 

(ee)           
“Person” means any natural person, corporation, limited liability company, partnership, trust, joint stock company,
business trust, unincorporated association, joint venture, governmental authority or other legal entity of any nature whatsoever.

 

(ff)             
“Restriction Period” has the meaning given that term in Section 7(a).

 

(gg)          
“SAR” means a stock appreciation right, as described in Section 9.

 

(hh)          
“Stock Award” means an award of Class A Stock, as described in Section 7.

 

(ii)             
“Stock Unit” means an award of a phantom unit representing a share of Class A Stock, as described in Section 8.

 

(jj)             
“Substitute Awards” has the meaning given that term in Section 4(c).

 

Section 2.                
Administration

 

(a)               Committee.
The Plan shall be administered and interpreted by the Committee; provided, however, that any Grants to members of the Board
must be authorized by a majority of the Board (counting all Board members for purposes of a quorum, but only non-interested Board
members for purposes of such majority approval). The Committee may delegate authority to one or more subcommittees, as it deems
appropriate. Subject to compliance with applicable law and the applicable stock exchange rules, the Board, in its discretion, may
perform any action of the Committee hereunder in any individual instance (without any need for any formal assumption of authority
from the Committee). To the extent that the Board, a subcommittee or the CEO, as described below administers the Plan, references in
the Plan to the “Committee” shall be deemed to refer to the Board or such subcommittee or the CEO.

 

    -5-

     

    

 

(b)              
Delegation to CEO. Subject to compliance with applicable law and applicable stock exchange requirements, including Section
157(c) of the Delaware General Corporation Law, the Committee may delegate all or part of its authority and power to the CEO, as it deems
appropriate, with respect to Grants to Employees or Key Advisors who are not executive officers under Section 16 of the Exchange
Act.

 

(c)              
Committee Authority. The Committee shall have the sole authority to (i) determine the individuals to whom Grants shall
be made under the Plan, (ii) determine the type, size, terms and conditions of the Grants to be made to each such individual, (iii) determine
the time when the Grants will be made and the duration of any applicable exercise period or Restriction Period, including the criteria
for exercisability and the acceleration of exercisability, (iv) amend the terms of any previously issued Grant, subject to the provisions
of Section 17 below, (v) determine and adopt terms, guidelines, and provisions, not inconsistent with the Plan and applicable
law, that apply to individuals residing outside of the United States who receive Grants under the Plan, and (vi) deal with any other matters
arising under the Plan.

 

(d)              
Committee Determinations. The Committee shall have full power and express discretionary authority to administer and interpret
the Plan, to make factual determinations and to adopt or amend such rules, regulations, agreements and instruments for implementing the
Plan and for the conduct of its business as it deems necessary or advisable, in its sole discretion. The Committee’s interpretations
of the Plan and all determinations made by the Committee pursuant to the powers vested in it hereunder shall be conclusive and binding
on all Persons having any interest in the Plan or in any awards granted hereunder. All powers of the Committee shall be executed in its
sole discretion, in the best interest of the Company, not as a fiduciary, and in keeping with the objectives of the Plan and need not
be uniform as to similarly situated individuals.

 

(e)              
Indemnification. No member of the Committee or the Board, and no employee of the Company shall be liable for any act or
failure to act with respect to the Plan, except in circumstances involving his or her bad faith or willful misconduct, or for any act
or failure to act hereunder by any other member of the Committee or employee or by any agent to whom duties in connection with the administration
of this Plan have been delegated. The Company shall indemnify members of the Committee and the Board and any agent of the Committee or
the Board who is an employee of the Company or a subsidiary against any and all liabilities or expenses to which they may be subjected
by reason of any act or failure to act with respect to their duties on behalf of the Plan, except in circumstances involving such Person’s
bad faith or willful misconduct.

 

    -6-

     

    

 

Section 3.                
Grants

 

Grants under the Plan
may consist of Options as described in Section 6, Stock Awards as described in Section 7, Stock Units as
described in Section 8, SARs as described in Section 9, and Other Stock-Based Awards as described in Section 10.
All Grants shall be subject to the terms and conditions set forth herein and to such other terms and conditions consistent with this
Plan as the Committee deems appropriate and as are specified in writing by the Committee to the individual in the Grant Instrument.
All Grants shall be made conditional upon the Participant’s acknowledgement, in writing or by acceptance of the Grant, that
all decisions and determinations of the Committee shall be final and binding on the Participant, his or her beneficiaries and any
other person having or claiming an interest under such Grant. Grants under a particular Section of the Plan need not be uniform
as among the Participants.

 

Section 4.                
Shares Subject to the Plan

 

(a)              
Shares Authorized. Subject to adjustment as described below in Sections 4(b) and 4(e) below, the aggregate
number of shares of Class A Stock that may be issued or transferred under the Plan shall be 8,987,609 shares of Class A Stock plus the
number of shares of Class A Stock underlying grants issued under the Company’s existing Amended and Restated Equity Compensation
Plan that expire, terminate or are otherwise forfeited without being exercised. The aggregate number of shares of Class A Stock that may
be issued or transferred under the Plan pursuant to Incentive Stock Options shall not exceed 8,987,609 shares of Class A Stock. Commencing
with the first business day of each calendar year beginning in 2022, the aggregate number of shares of Class A Stock that may be issued
or transferred under the Plan shall be increased by, (x) an amount of shares of Class A Stock equal to 4% of the aggregate number of shares
of Class A Stock and Class B Stock outstanding as of the last day of the immediately preceding calendar year, or (y) such lesser number
of shares of Class A Stock as may be determined by the Committee.

 

(b)              
Source of Shares; Share Counting. Shares issued or transferred under the Plan may be authorized but unissued shares of Class
A Stock or reacquired shares of Class A Stock, including shares purchased by the Company on the open market for purposes of the Plan.
If and to the extent Options or SARs granted under the Plan, expire or are canceled, forfeited, exchanged or surrendered without having
been exercised, or if any Stock Awards, Stock Units or Other Stock-Based Awards are forfeited, terminated or otherwise not paid in full,
the shares subject to such Grants shall again be available for purposes of the Plan. If shares of Class A Stock otherwise issuable under
the Plan are surrendered in payment of the Exercise Price of an Option, then the number of shares of Class A Stock available for issuance
under the Plan shall be reduced only by the net number of shares actually issued by the Company upon such exercise and not by the gross
number of shares as to which such Option is exercised. Upon the exercise of any SAR under the Plan, the number of shares of Class A Stock
available for issuance under the Plan shall be reduced by only by the net number of shares actually issued by the Company upon such exercise.
If shares of Class A Stock otherwise issuable under the Plan are withheld by the Company in satisfaction of the withholding taxes incurred
in connection with the issuance, vesting or exercise of any Grant or the issuance of Class A Stock thereunder, then the number of shares
of Class A Stock available for issuance under the Plan shall be reduced by the net number of shares issued, vested or exercised under
such Grant, calculated in each instance after payment of such share withholding. To the extent any Grants are paid in cash, and not in
shares of Class A Stock, any shares previously subject to such Grants shall again be available for issuance or transfer under the Plan.
For the avoidance of doubt, if shares are repurchased by the Company on the open market with the proceeds of the Exercise Price of Options,
such shares may not again be made available for issuance under the Plan.

 

    -7-

     

    

 

(c)              
 Substitute Awards. Shares issued or transferred under Grants made pursuant to an assumption, substitution or exchange for
previously granted awards of a company acquired by the Company in a transaction (“Substitute Awards”) shall not reduce
the number of shares of Class A Stock available under the Plan and available shares under a stockholder approved plan of an acquired company
(as appropriately adjusted to reflect the transaction) may be used for Grants under the Plan and shall not reduce the Plan’s share
reserve (subject to applicable stock exchange listing and Code requirements).

 

(d)              
Individual Limits for Non-Employee Directors. Subject to adjustment as described below in Section 4(e), the
maximum aggregate grant date value of shares of Class A Stock subject to Grants granted to any Non-Employee Director during any calendar
year, taken together with any cash fees earned by such Non-Employee Director for services rendered during the calendar year, shall not
exceed $350,000 in total value; provided, however, that with respect to the year during which the Non-Employee Director is first appointed
or elected to the Board, the maximum aggregate grant date value of shares of Class A Stock granted to such Non-Employee Director during
the initial annual period, taken together with any cash fees earned by such Non-Employee Director for services rendered during such period,
shall not exceed $750,000 in total value during the initial annual period. For purposes of this limit, the value of such Grants shall
be calculated based on the grant date fair value of such Grants for financial reporting purposes.

 

(e)              
Adjustments. If there is any change in the number or kind of shares of Class A Stock outstanding by reason of (i) a stock
dividend, spinoff, recapitalization, stock split, or combination or exchange of shares, (ii) a merger, reorganization or consolidation,
(iii) a reclassification or change in par value, or (iv) any other extraordinary or unusual event affecting the outstanding Class A Stock
as a class without the Company’s receipt of consideration, or if the value of outstanding shares of Class A Stock is substantially
reduced as a result of a spinoff or the Company’s payment of an extraordinary dividend or distribution, the maximum number and kind
of shares of Class A Stock available for issuance under the Plan, the maximum amount of Grants which a Non-Employee Director may receive
in any year, the number and kind of shares covered by outstanding Grants, the number and kind of shares issued and to be issued under
the Plan, and the price per share or the applicable market value of such Grants shall be equitably adjusted by the Committee to reflect
any increase or decrease in the number of, or change in the kind or value of, the issued shares of Class A Stock to preclude, to the extent
practicable, the enlargement or dilution of rights and benefits under the Plan and such outstanding Grants; provided, however,
that any fractional shares resulting from such adjustment shall be eliminated. In addition, in the event of a Change of Control, the provisions
of Section 12 shall apply. Any adjustments to outstanding Grants shall be consistent with Section 409A or Section 424
of the Code, to the extent applicable. The adjustments of Grants under this Section 4(e) shall include adjustment of shares,
Exercise Price of Stock Options, base amount of SARs, Performance Goals or other terms and conditions, as the Committee deems appropriate.
The Committee shall have the sole discretion and authority to determine what appropriate adjustments shall be made and any adjustments
determined by the Committee shall be final, binding and conclusive.

 

    -8-

     

    

 

Section 5.                
Eligibility for Participation

 

(a)              
Eligible Persons. All Employees and Non-Employee Directors shall be eligible to participate in the Plan. Key Advisors shall
be eligible to participate in the Plan if the Key Advisors render bona fide services to the Employer, the services are not in connection
with the offer and sale of securities in a capital-raising transaction and the Key Advisors do not directly or indirectly promote or maintain
a market for the Company’s securities.

 

(b)              
Selection of Participants. The Committee shall select the Employees, Non-Employee Directors and Key Advisors to receive
Grants and shall determine the number of shares of Class A Stock subject to a particular Grant in such manner as the Committee determines.

 

Section 6.                
Options

 

The Committee may grant Options
to an Employee, Non-Employee Director or Key Advisor upon such terms as the Committee deems appropriate. The following provisions are
applicable to Options:

 

(a)              
Number of Shares. The Committee shall determine the number of shares of Class A Stock that will be subject to each Grant
of Options to Employees, Non-Employee Directors and Key Advisors.

 

(b)              
Type of Option and Exercise Price.

 

(i)                
The Committee may grant Incentive Stock Options or Nonqualified Stock Options or any combination of the two, all in accordance
with the terms and conditions set forth herein. Incentive Stock Options may be granted only to employees of the Company or its parent
or subsidiary corporations, as defined in Section 424 of the Code. Nonqualified Stock Options may be granted to Employees, Non-Employee
Directors and Key Advisors.

 

(ii)             
The Exercise Price of Class A Stock subject to an Option shall be determined by the Committee and shall be equal to or greater
than the Fair Market Value of a share of Class A Stock on the date the Option is granted. However, an Incentive Stock Option may not be
granted to an Employee who, at the time of grant, owns stock possessing more than 10% of the total combined voting power of all classes
of stock of the Company, or any parent or subsidiary corporation of the Company, as defined in Section 424 of the Code, unless the
Exercise Price per share is not less than 110% of the Fair Market Value of a share of Class A Stock on the date of grant.

 

(c)               Option
Term. The Committee shall determine the term of each Option. The term of any Option shall not exceed ten years from the date of
grant. However, an Incentive Stock Option that is granted to an Employee who, at the time of grant, owns stock possessing more than
10% of the total combined voting power of all classes of stock of the Company, or any parent or subsidiary corporation of the
Company, as defined in Section 424 of the Code, may not have a term that exceeds five years from the date of grant.
Notwithstanding the foregoing, in the event that on the last business day of the term of an Option (other than an Incentive Stock
Option), the exercise of the Option is prohibited by applicable law, including a prohibition on purchases or sales of Class A Stock
under the Company’s insider trading policy, the term of the Option shall be extended for a period of 30 days following the end
of the legal prohibition, unless the Committee determines otherwise.

 

    -9-

     

    

 

(d)              
Exercisability of Options. Options shall become exercisable in accordance with such terms and conditions, consistent with
the Plan, as may be determined by the Committee and specified in the Grant Instrument. The Committee may accelerate the exercisability
of any or all outstanding Options at any time for any reason.

 

(e)              
Grants to Non-Exempt Employees. Notwithstanding the foregoing, Options granted to persons who are non-exempt employees
under the Fair Labor Standards Act of 1938, as amended, may not be exercisable for at least six months after the date of grant (except
that such Options may become exercisable, as determined by the Committee, upon the Participant’s death, Disability or retirement,
or upon a Change of Control or other circumstances permitted by applicable regulations).

 

(f)               
Termination of Employment or Service. Except as provided in the Grant Instrument, an Option may only be exercised while
the Participant is Employed by, or providing services to, the Employer. The Committee shall determine in the Grant Instrument under what
circumstances and during what time periods a Participant may exercise an Option after termination of employment or service.

 

(g)              
Exercise of Options. A Participant may exercise an Option that has become exercisable, in whole or in part, by delivering
a notice of exercise to the Company. The Participant shall pay the Exercise Price for an Option as specified by the Committee (i) in cash,
(ii) unless the Committee determines otherwise, by delivering shares of Class A Stock owned by the Participant and having a Fair Market
Value on the date of exercise at least equal to the Exercise Price or by attestation (on a form prescribed by the Committee) to ownership
of shares of Class A Stock having a Fair Market Value on the date of exercise at least equal to the Exercise Price, (iii) by payment through
a broker in accordance with procedures permitted by Regulation T of the Federal Reserve Board, (iv) if permitted by the Committee and
solely with respect to Nonqualified Stock Options, by withholding shares of Class A Stock subject to the exercisable Option, which have
a Fair Market Value on the date of exercise equal to the Exercise Price, or (v) by such other method as the Committee may approve. Shares
of Class A Stock used to exercise an Option shall have been held by the Participant for the requisite period of time necessary to avoid
adverse accounting consequences to the Company with respect to the Option. Payment for the shares to be issued or transferred pursuant
to the Option, and any required withholding taxes, must be received by the Company by the time specified by the Committee depending on
the type of payment being made, but in all cases prior to the issuance or transfer of such shares.

 

(h)              
Limits on Incentive Stock Options. Each Incentive Stock Option shall provide that, if the aggregate Fair Market Value of
the Class A Stock on the date of the grant with respect to which Incentive Stock Options are exercisable for the first time by a Participant
during any calendar year, under the Plan or any other stock option plan of the Company or a parent or subsidiary, exceeds $100,000, then
the Option, as to the excess, shall be treated as a Nonqualified Stock Option.

 

    -10-

     

    

 

Section 7.                
Stock Awards

 

The Committee may issue or
transfer shares of Class A Stock to an Employee, Non-Employee Director or Key Advisor under a Stock Award, upon such terms as the
Committee deems appropriate. The following provisions are applicable to Stock Awards:

 

(a)              
General Requirements. Shares of Class A Stock issued or transferred pursuant to Stock Awards may be issued or transferred
for consideration or for no consideration, and subject to restrictions or no restrictions, as determined by the Committee. The Committee
may, but shall not be required to, establish conditions under which restrictions on Stock Awards shall lapse over a period of time or
according to such other criteria as the Committee deems appropriate, including, without limitation, restrictions based on the achievement
of specific Performance Goals. The period of time during which the Stock Awards will remain subject to restrictions will be designated
in the Grant Instrument as the “Restriction Period.”

 

(b)              
Number of Shares. The Committee shall determine the number of shares of Class A Stock to be issued or transferred pursuant
to a Stock Award and the restrictions applicable to such shares.

 

(c)              
Requirement of Employment or Service. If the Participant ceases to be Employed by, or provide service to, the Employer during
a period designated in the Grant Instrument as the Restriction Period, or if other specified conditions are not met, the Stock Award shall
terminate as to all shares covered by the Grant as to which the restrictions have not lapsed, and those shares of Class A Stock must be
immediately returned to the Company. The Committee may, however, provide for complete or partial exceptions to this requirement as it
deems appropriate.

 

(d)              
Restrictions on Transfer and Legend on Stock Certificate. During the Restriction Period, a Participant may not sell, assign,
transfer, pledge or otherwise dispose of the shares of a Stock Award except under Section 15. Unless otherwise determined
by the Committee, the Company will retain possession of certificates for shares of Stock Awards until all restrictions on such shares
have lapsed. Each certificate for a Stock Award, unless held by the Company, shall contain a legend giving appropriate notice of the restrictions
in the Grant. The Participant shall be entitled to have the legend removed from the stock certificate covering the shares subject to restrictions
when all restrictions on such shares have lapsed. The Committee may determine that the Company will not issue certificates for Stock Awards
until all restrictions on such shares have lapsed.

 

(e)              
Right to Vote and to Receive Dividends. Unless the Committee determines otherwise, during the Restriction Period, the Participant
shall have the right to vote shares of Stock Awards and to receive any dividends or other distributions paid on such shares, subject to
any restrictions deemed appropriate by the Committee, including, without limitation, the achievement of specific Performance Goals. Dividends
with respect to Stock Awards that vest based on performance shall vest if and to the extent that the underlying Stock Award vests, as
determined by the Committee. Dividends with respect to stock awards that are time-vested shall vest as determined by the Committee.

 

    -11-

     

    

 

(f)               
 Lapse of Restrictions. All restrictions imposed on Stock Awards shall lapse upon the expiration of the applicable Restriction
Period and the satisfaction of all conditions, if any, imposed by the Committee. The Committee may determine, as to any or all Stock Awards,
that the restrictions shall lapse without regard to any Restriction Period.

 

Section 8.                
Stock Units

 

The Committee may grant Stock
Units, each of which shall represent one hypothetical share of Class A Stock, to an Employee, Non-Employee Director or Key Advisor upon
such terms and conditions as the Committee deems appropriate. The following provisions are applicable to Stock Units:

 

(a)              
Crediting of Units. Each Stock Unit shall represent the right of the Participant to receive a share of Class A Stock or
an amount of cash based on the value of a share of Class A Stock, if and when specified conditions are met. All Stock Units shall be credited
to bookkeeping accounts established on the Company’s records for purposes of the Plan.

 

(b)              
Terms of Stock Units. The Committee may grant Stock Units that vest and are payable if specified Performance Goals or other
conditions are met, or under other circumstances. Stock Units may be paid at the end of a specified performance period or other period,
or payment may be deferred to a date authorized by the Committee. The Committee may accelerate vesting or payment, as to any or all Stock
Units at any time for any reason, provided such acceleration complies with 409A. The Committee shall determine the number of Stock
Units to be granted and the requirements applicable to such Stock Units.

 

(c)              
Requirement of Employment or Service. If the Participant ceases to be Employed by, or provide service to, the Employer prior
to the vesting of Stock Units, or if other conditions established by the Committee are not met, the Participant’s Stock Units shall
be forfeited. The Committee may, however, provide for complete or partial exceptions to this requirement as it deems appropriate.

 

(d)              
Payment With Respect to Stock Units. Payments with respect to Stock Units shall be made in cash, Class A Stock or any combination
of the foregoing, as the Committee shall determine.

 

Section 9.                
Stock Appreciation Rights

 

The Committee may grant SARs
to an Employee, Non-Employee Director or Key Advisor separately or in tandem with any Option. The following provisions are applicable
to SARs:

 

(a)               General
Requirements. The Committee may grant SARs to an Employee, Non-Employee Director or Key Advisor separately or in tandem with
any Option (for all or a portion of the applicable Option). Tandem SARs may be granted either at the time the Option is granted or
at any time thereafter while the Option remains outstanding; provided, however, that, in the case of an Incentive Stock
Option, SARs may be granted only at the time of the grant of the Incentive Stock Option. The Committee shall establish the base
amount of the SAR at the time the SAR is granted. The base amount of each SAR shall be equal to or greater than the Fair Market
Value of a share of Class A Stock as of the date of grant of the SAR. The term of any SAR shall not exceed ten years from the date
of grant. Notwithstanding the foregoing, in the event that on the last business day of the term of a SAR, the exercise of the SAR is
prohibited by applicable law, including a prohibition on purchases or sales of Class A Stock under the Company’s insider
trading policy, the term shall be extended for a period of 30 days following the end of the legal prohibition, unless the Committee
determines otherwise.

 

    -12-

     

    

 

(b)              
Tandem SARs. In the case of tandem SARs, the number of SARs granted to a Participant that shall be exercisable during a
specified period shall not exceed the number of shares of Class A Stock that the Participant may purchase upon the exercise of the related
Option during such period. Upon the exercise of an Option, the SARs relating to the Class A Stock covered by such Option shall terminate.
Upon the exercise of SARs, the related Option shall terminate to the extent of an equal number of shares of Class A Stock.

 

(c)              
Exercisability. A SAR shall be exercisable during the period specified by the Committee in the Grant Instrument and shall
be subject to such vesting and other restrictions as may be specified in the Grant Instrument. The Committee may accelerate the exercisability
of any or all outstanding SARs at any time for any reason. SARs may only be exercised while the Participant is employed by, or providing
service to, the Employer or during the applicable period after termination of employment or service as specified by the Committee. A tandem
SAR shall be exercisable only during the period when the Option to which it is related is also exercisable.

 

(d)              
Grants to Non-Exempt Employees. Notwithstanding the foregoing, SARs granted to persons who are non-exempt employees
under the Fair Labor Standards Act of 1938, as amended, may not be exercisable for at least six months after the date of grant (except
that such SARs may become exercisable, as determined by the Committee, upon the Participant’s death, Disability or retirement, or
upon a Change of Control or other circumstances permitted by applicable regulations).

 

(e)              
Value of SARs. When a Participant exercises SARs, the Participant shall receive in settlement of such SARs an amount equal
to the value of the stock appreciation for the number of SARs exercised. The stock appreciation for a SAR is the amount by which the Fair
Market Value of the underlying Class A Stock on the date of exercise of the SAR exceeds the base amount of the SAR as described in subsection (a).

 

(f)               
Form of Payment. The appreciation in a SAR shall be paid in shares of Class A Stock, cash or any combination of the foregoing,
as the Committee shall determine. For purposes of calculating the number of shares of Class A Stock to be received, shares of Class A
Stock shall be valued at their Fair Market Value on the date of exercise of the SAR.

 

Section 10.            
Other Stock-Based Awards

 

The Committee may grant Other
Stock-Based Awards, which are awards (other than those described in Sections 6 through 9) that are based on or measured
by Class A Stock, to any Employee, Non-Employee Director or Key Advisor, on such terms and conditions as the Committee shall determine.
Other Stock-Based Awards may be awarded subject to the achievement of Performance Goals or other criteria or other conditions and may
be payable in cash, Class A Stock or any combination of the foregoing, as the Committee shall determine.

 

    -13-

     

    

 

Section 11.            
Dividend Equivalents

 

The Committee may grant Dividend
Equivalents in connection with Stock Units or Other Stock-Based Awards. Dividend Equivalents may be paid currently or accrued as contingent
cash obligations and may be payable in cash or shares of Class A Stock, and upon such terms and conditions as the Committee shall determine.
Dividend Equivalents with respect to Stock Units or Other Stock-Based Awards that vest based on performance shall vest and be paid only
if and to the extent the underlying Stock Units or Other Stock-Based Awards vest and are paid, as determined by the Committee.

 

Section 12.            
Consequences of a Change of Control

 

(a)              
Assumption of Outstanding Grants. Upon a Change of Control where the Company is not the surviving corporation (or survives
only as a subsidiary of another corporation), unless the Committee determines otherwise, all outstanding Grants that are not exercised
or paid at the time of the Change of Control shall be assumed by, or replaced with grants (with respect to cash, securities, or a combination
thereof) that have comparable terms by, the surviving corporation (or a parent or subsidiary of the surviving corporation). An assumption
or substitution of any Grants shall be done in a manner consistent with the provisions of Sections 409A and, if applicable, 424 of the
Code. After a Change of Control, references to the “Company” or “Employer” as they relate to employment
matters shall include the successor employer in the transaction, subject to applicable law.

 

(b)               Other
Alternatives. In the event of a Change of Control, if any outstanding Grants are not assumed by, or replaced with grants that
have comparable terms by, the surviving corporation (or a parent or subsidiary of the surviving corporation), the Committee may (but
is not obligated to) make adjustments to the terms and conditions of outstanding Grants, including, without limitation, taking any
of the following actions (or combination thereof) with respect to any or all outstanding Grants, without the consent of any
Participant: (i) the Committee may determine that outstanding Stock Options and SARs shall automatically accelerate and become fully
exercisable and the restrictions and conditions on outstanding Stock Awards, Stock Units and Dividend Equivalents shall immediately
lapse; (ii) the Committee may determine that Participants shall receive a payment in settlement of outstanding Stock Units or
Dividend Equivalents, in such amount and form as may be determined by the Committee; (iii) the Committee may require that
Participants surrender their outstanding Stock Options and SARs in exchange for a payment by the Company, in cash or Class A Stock
as determined by the Committee, in an amount equal to the amount, if any, by which the then Fair Market Value of the shares of Class
A Stock subject to the Participant’s unexercised Stock Options and SARs exceeds the Stock Option Exercise Price or SAR base
amount, and (iv) after giving Participants an opportunity to exercise all of their outstanding Stock Options and SARs, the Committee
may terminate any or all unexercised Stock Options and SARs at such time as the Committee deems appropriate. Such surrender,
termination or payment shall take place as of the date of the Change of Control or such other date as the Committee may specify.
Without limiting the foregoing, if the per share Fair Market Value of the Class A Stock does not exceed the per share Stock Option
Exercise Price or SAR base amount, as applicable, the Company shall not be required to make any payment to the Participant upon
surrender of the Stock Option or SAR and shall have the right to cancel any such Stock Option or SAR for no consideration.

 

    -14-

     

    

 

Section 13.            
Deferrals

 

The Committee may permit or
require a Participant to defer receipt of the payment of cash or the delivery of shares that would otherwise be due to such Participant
in connection with any Grant. If any such deferral election is permitted or required, the Committee shall establish rules and procedures
for such deferrals and may provide for interest or other earnings to be paid on such deferrals. The rules and procedures for any such
deferrals shall be consistent with applicable requirements of 409A.

 

Section 14.            
Withholding of Taxes

 

(a)              
Required Withholding. All Grants under the Plan shall be subject to applicable United States federal (including taxes under
the Federal Insurance Contributions Act (“FICA”)), state and local, foreign country or other tax withholding requirements.
The Employer may require that the Participant or other person receiving Grants or exercising Grants pay to the Employer an amount sufficient
to satisfy such tax withholding requirements with respect to such Grants, or the Employer may deduct from other wages and compensation
paid by the Employer the amount of any withholding taxes due with respect to such Grants.

 

(b)              
Share Withholding. The Committee may permit or require the Employer’s tax withholding obligation with respect to Grants
paid in Class A Stock to be satisfied by having shares withheld up to an amount that does not exceed the Participant’s applicable
withholding tax rate for United States federal (including FICA), state and local, foreign country or other tax liabilities. The Committee
may, in its discretion, and subject to such rules as the Committee may adopt, allow Participants to elect to have such share withholding
applied to all or a portion of the tax withholding obligation arising in connection with any particular Grant. Unless the Committee determines
otherwise, share withholding for taxes shall not exceed the Participant’s minimum applicable tax withholding amount. Notwithstanding
the foregoing, in no event will shares withheld to pay applicable taxes be withheld in excess of the amount of tax required to be withheld
by law (or such lower amount as may be necessary to avoid adverse financial accounting treatment).

 

Section 15.            
Transferability of Grants

 

(a)              
Nontransferability of Grants. Except as described in subsection (b) below, only the Participant may exercise rights
under a Grant during the Participant’s lifetime. A Participant may not transfer those rights except (i) by will or by the laws of
descent and distribution or (ii) with respect to Grants other than Incentive Stock Options, pursuant to a domestic relations order. When
a Participant dies, the personal representative or other person entitled to succeed to the rights of the Participant may exercise such
rights. Any such successor must furnish proof satisfactory to the Company of his or her right to receive the Grant under the Participant’s
will or under the applicable laws of descent and distribution.

 

(b)               Transfer
of Nonqualified Stock Options. Notwithstanding the foregoing, the Committee may provide, in a Grant Instrument, that a
Participant may transfer Nonqualified Stock Options to family members, or one or more trusts or other entities for the benefit of or
owned by family members, consistent with the applicable securities laws, according to such terms as the Committee may determine; provided
that the Participant receives no consideration for the transfer of an Option and the transferred Option shall continue to be subject
to the same terms and conditions as were applicable to the Option immediately before the transfer.

 

    -15-

     

    

 

Section 16.            
Requirements for Issuance or Transfer of Shares

 

No Class A Stock shall be
issued or transferred in connection with any Grant hereunder unless and until all legal requirements applicable to the issuance or transfer
of such Class A Stock have been complied with to the satisfaction of the Committee. The Committee shall have the right to condition any
Grant on the Participant’s undertaking in writing to comply with such restrictions on his or her subsequent disposition of the shares
of Class A Stock as the Committee shall deem necessary or advisable, and certificates representing such shares (or book entries evidencing
such shares) may be legended (or notated) to reflect any such restrictions. Certificates or book entries representing shares of Class
A Stock issued or transferred under the Plan may be subject to such stop-transfer orders and other restrictions as the Committee deems
appropriate to comply with applicable laws, regulations and interpretations, including any requirement that a legend or notation be placed
thereon.

 

Section 17.            
Amendment and Termination of the Plan

 

(a)              
Amendment. The Board may amend or terminate the Plan at any time; provided, however, that the Board shall not amend
the Plan without stockholder approval if such approval is required in order to comply with the Code or other applicable law, or to comply
with applicable stock exchange requirements.

 

(b)              
No Repricing of Options or SARs. Except in connection with a corporate transaction involving the Company (including, without
limitation, any stock dividend, distribution (whether in the form of cash, Class A Stock, other securities or property), stock split,
extraordinary cash dividend, recapitalization, change in control, reorganization, merger, consolidation, split-up, spin-off, combination,
repurchase or exchange of shares of Class A Stock or other securities, or similar transactions), the Company may not, without obtaining
stockholder approval, (i) amend the terms of outstanding Stock Options or SARs to reduce the Exercise Price of such outstanding Stock
Options or base price of such SARs, (ii) cancel outstanding Stock Options or SARs in exchange for Stock Options or SARs with an Exercise
Price or base price, as applicable, that is less than the Exercise Price or base price of the original Stock Options or SARs, or (iii)
cancel outstanding Stock Options or SARs with an Exercise Price or base price, as applicable, above the current stock price in exchange
for cash or other securities.

 

(c)              
Termination of Plan. The Plan shall terminate on the day immediately preceding the tenth anniversary of its Effective Date,
unless the Plan is terminated earlier by the Board or is extended by the Board with the approval of the stockholders.

 

(d)               Termination
and Amendment of Outstanding Grants. A termination or amendment of the Plan that occurs after a Grant is made shall not
materially impair the rights of a Participant with respect to such Grant unless the Participant consents or unless the Committee
acts under Section 18(f). The termination of the Plan shall not impair the power and authority of the Committee with
respect to an outstanding Grant. Whether or not the Plan has terminated, an outstanding Grant may be terminated or amended under Section 18(f) or
may be amended by agreement of the Company and the Participant consistent with the Plan.

 

    -16-

     

    

 

Section 18.            
Miscellaneous

 

(a)              
Grants in Connection with Corporate Transactions and Otherwise. Nothing contained in the Plan shall be construed to (i)
limit the right of the Committee to make Grants under the Plan in connection with the acquisition, by purchase, lease, merger, consolidation
or otherwise, of the business or assets of any corporation, firm or association, including Grants to employees thereof who become Employees,
or (ii) limit the right of the Company to grant stock options or make other awards outside of the Plan. The Committee may make a Grant
to an employee of another corporation who becomes an Employee by reason of a corporate merger, consolidation, acquisition of stock or
property, reorganization or liquidation involving the Company, in substitution for a stock option or stock awards grant made by such corporation.
Notwithstanding anything in the Plan to the contrary, the Committee may establish such terms and conditions of the new Grants as it deems
appropriate, including setting the Exercise Price of Options or the base price of SARs at a price necessary to retain for the Participant
the same economic value as the prior options or rights.

 

(b)              
Governing Document. The Plan shall be the controlling document. No other statements, representations, explanatory materials
or examples, oral or written, may amend the Plan in any manner. The Plan shall be binding upon and enforceable against the Company and
its successors and assigns.

 

(c)              
Funding of the Plan. The Plan shall be unfunded. The Company shall not be required to establish any special or separate
fund or to make any other segregation of assets to assure the payment of any Grants under the Plan.

 

(d)              
Rights of Participants. Nothing in the Plan shall entitle any Employee, Non-Employee Director, Key Advisor or other
person to any claim or right to receive a Grant under the Plan. Any Grant under the Plan shall be a one-time award that does not constitute
a promise of future grants. The Company, in its sole discretion, maintains the right to make available future Grants under the Plan. Neither
the Plan nor any action taken hereunder shall be construed as giving any individual any rights to be retained by or in the employ of the
Employer or any other employment rights.

 

(e)              
No Fractional Shares. No fractional shares of Class A Stock shall be issued or delivered pursuant to the Plan or any Grant.
Except as otherwise provided under the Plan, the Committee shall determine whether cash, other awards or other property shall be issued
or paid in lieu of such fractional shares or whether such fractional shares or any rights thereto shall be forfeited or otherwise eliminated.

 

    -17-

     

    

 

(f)               
Compliance with Law.

 

(i)                 The
Plan, the exercise of Options and SARs and the obligations of the Company to issue or transfer shares of Class A Stock under Grants
shall be subject to all applicable laws and regulations, and to approvals by any governmental or regulatory agency as may be
required. With respect to persons subject to Section 16 of the Exchange Act, it is the intent of the Company that the Plan and
all transactions under the Plan comply with all applicable provisions of Rule 16b-3 or its successors under the Exchange Act. In
addition, it is the intent of the Company that Incentive Stock Options comply with the applicable provisions of Section 422 of
the Code, and that, to the extent applicable, Grants comply with the requirements of 409A. To the extent that any legal requirement
of Section 16 of the Exchange Act, 409A or Section 422 of the Code as set forth in the Plan ceases to be required under
Section 16 of the Exchange Act, 409A or Section 422 of the Code, that Plan provision shall cease to apply. The Committee
may revoke any Grant if it is contrary to law or modify a Grant to bring it into compliance with any valid and mandatory government
regulation. The Committee may also adopt rules regarding the withholding of taxes on payments to Participants. The Committee may, in
its sole discretion, agree to limit its authority under this Section.

 

(ii)             
The Plan is intended to comply with the requirements of 409A, to the extent applicable. Each Grant shall be construed and administered
such that the Grant either (A) qualifies for an exemption from the requirements of 409A or (B) satisfies the requirements of 409A. If
a Grant is subject to 409A, (I) distributions shall only be made in a manner and upon an event permitted under 409A, (II) payments to
be made upon a termination of employment or service shall only be made upon a “separation from service” under 409A, (III)
unless the Grant specifies otherwise, each installment payment shall be treated as a separate payment for purposes of 409A, and (IV) in
no event shall a Participant, directly or indirectly, designate the calendar year in which a distribution is made except in accordance
with 409A.

 

(iii)           
Any Grant that is subject to 409A and that is to be distributed to a Key Employee (as defined below) upon separation from service
shall be administered so that any distribution with respect to such Grant shall be postponed for six months following the date of the
Participant’s separation from service, if required by 409A. If a distribution is delayed pursuant to 409A, the distribution shall
be paid within 15 days after the end of the six-month period. If the Participant dies during such six-month period, any postponed amounts
shall be paid within 90 days of the Participant’s death. The determination of Key Employees, including the number and identity of
persons considered Key Employees and the identification date, shall be made by the Committee or its delegate each year in accordance with
Section 416(i) of the Code and the “specified employee” requirements of 409A.

 

(iv)            
Notwithstanding anything in the Plan or any Grant agreement to the contrary, each Participant shall be solely responsible for the
tax consequences of Grants under the Plan, and in no event shall the Company or any subsidiary or affiliate of the Company have any responsibility
or liability if a Grant does not meet any applicable requirements of 409A. Although the Company intends to administer the Plan to prevent
taxation under 409A, the Company does not represent or warrant that the Plan or any Grant complies with any provision of federal, state,
local or other tax law.

 

(g)               Establishment
of Subplans. The Board may from time to time establish one or more sub-plans under the Plan for purposes of satisfying
applicable blue sky, securities or tax laws of various jurisdictions. The Board shall establish such sub-plans by adopting
supplements to the Plan setting forth (i) such limitations on the Committee’s discretion under the Plan as the Board deems
necessary or desirable and (ii) such additional terms and conditions not otherwise inconsistent with the Plan as the Board shall
deem necessary or desirable. All supplements adopted by the Board shall be deemed to be part of the Plan, but each supplement shall
apply only to Participants within the affected jurisdiction and the Employer shall not be required to provide copies of any
supplement to Participants in any jurisdiction that is not affected.

 

    -18-

     

    

 

(h)              
Clawback Rights. Subject to the requirements of applicable law, the Committee may provide in any Grant Instrument that,
if a Participant breaches any restrictive covenant agreement between the Participant and the Employer (which may be set forth in any Grant
Instrument) or otherwise engages in activities that constitute Cause either while employed by, or providing service to, the Employer or
within a specified period of time thereafter, all Grants held by the Participant shall terminate, and the Company may rescind any exercise
of an Option or SAR and the vesting of any other Grant and delivery of shares upon such exercise or vesting (including pursuant to dividends
and Dividend Equivalents), as applicable on such terms as the Committee shall determine, including the right to require that in the event
of any such rescission, (i) the Participant shall return to the Company the shares received upon the exercise of any Option or SAR and/or
the vesting and payment of any other Grant (including pursuant to dividends and Dividend Equivalents) or, (ii) if the Participant no longer
owns the shares, the Participant shall pay to the Company the amount of any gain realized or payment received as a result of any sale
or other disposition of the shares (or, in the event the Participant transfers the shares by gift or otherwise without consideration,
the Fair Market Value of the shares on the date of the breach of the restrictive covenant agreement (including a Participant’s Grant
Instrument containing restrictive covenants) or activity constituting Cause), net of the price originally paid by the Participant for
the shares. Payment by the Participant shall be made in such manner and on such terms and conditions as may be required by the Committee.
The Employer shall be entitled to set off against the amount of any such payment any amounts otherwise owed to the Participant by the
Employer. In addition, all Grants under the Plan shall be subject to any applicable clawback or recoupment policies, share trading policies
and other policies that may be implemented by the Board from time to time.

 

(i)                
Governing Law; Jurisdiction. The validity, construction, interpretation and effect of the Plan and Grant Instruments issued
under the Plan shall be governed and construed by and determined in accordance with the laws of the State of Delaware, without giving
effect to the conflict of laws provisions thereof. Any action arising out of, or relating to, any of the provisions of the Plan and Grants
made hereunder shall be brought only in the United States District Court for the District of Delaware, or if such court does not have
jurisdiction or will not accept jurisdiction, in any court of general jurisdiction in Delaware, and the jurisdiction of such court in
any such proceeding shall be exclusive.

 

    -19-

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