Document:

Exhibit 10.29

   

  EXECUTION VERSION

   

  FINANCING AGREEMENT

   

  Dated as of March 16, 2021

   

  by and among

   

  OBAGI GLOBAL HOLDINGS LIMITED,

  as Ultimate Parent

   

  OBAGI HOLDINGS COMPANY LIMITED,

  as Parent

   

  OBAGI COSMECEUTICALS LLC,

  as Borrower,

   

  AND EACH SUBSIDIARY

  LISTED AS A GUARANTOR ON THE SIGNATURE PAGES HERETO,

  as Guarantors,

   

  THE LENDERS FROM TIME TO TIME PARTY HERETO,

  as Lenders,

   

  TCW ASSET MANAGEMENT COMPANY LLC,

  as Collateral Agent,

   

  and

   

  TCW ASSET MANAGEMENT COMPANY LLC,

  as Administrative Agent

  
     

    
      
 

  

  Table of Contents

   

  	 	 	Page
	 	 	 
	ARTICLE I DEFINITIONS; CERTAIN TERMS	1
	Section 1.01	Definitions	1
	Section 1.02	Terms Generally	41
	Section 1.03	Certain Matters of Construction	41
	Section 1.04	Accounting and Other Terms	42
	Section 1.05	Time References	42
	Section 1.06	Obligation to Make Payments in Dollars	43
	Section 1.07	Pro Forma Calculations	43
	 	 	 
	ARTICLE II THE LOANS	44
	Section 2.01	Commitments	44
	Section 2.02	Making the Loans	44
	Section 2.03	Repayment of Loans; Evidence of Debt	47
	Section 2.04	Interest	48
	Section 2.05	Reduction of Commitment; Prepayment of Loans	49
	Section 2.06	Fees	52
	Section 2.07	LIBOR Option	53
	Section 2.08	Funding Losses	56
	Section 2.09	Taxes	56
	Section 2.10	Increased Costs and Reduced Return	59
	Section 2.11	Changes in Law; Impracticability or Illegality	60
	Section 2.12	Mitigation Obligations; Replacement of Lenders	61
	 	 	 
	ARTICLE III [INTENTIONALLY OMITTED]	62
	ARTICLE IV APPLICATION OF PAYMENTS; DEFAULTING LENDERS; JOINT AND SEVERAL LIABILITY OF BORROWERS	62
	Section 4.01	Payments; Computations and Statements	62
	Section 4.02	Sharing of Payments	62
	Section 4.03	Apportionment of Payments	63
	Section 4.04	Defaulting Lenders	64
	Section 4.05	Administrative Borrower; Joint and Several Liability of the Borrowers	65
	 	 	 
	ARTICLE V CONDITIONS TO LOANS	66
	Section 5.01	Conditions Precedent to Effectiveness	66
	Section 5.02	Conditions Precedent to All Loans	69
	 	 	 
	ARTICLE VI REPRESENTATIONS AND WARRANTIES	71
	Section 6.01	Representations and Warranties	71
	 	 	 
	ARTICLE VII COVENANTS OF THE LOAN PARTIES AND OTHER COLLATERAL MATTERS	78
	Section 7.01	Affirmative Covenants	78
	Section 7.02	Negative Covenants	87

  
     

    
      
 

  

  
  	Section 7.03	Financial Covenants	92
	 	 	 
	ARTICLE VIII CASH MANAGEMENT ARRANGEMENTS AND OTHER COLLATERAL MATTERS	93
	Section 8.01	Cash Management Arrangements	93
	 	 	 
	ARTICLE IX EVENTS OF DEFAULT	94
	Section 9.01	Events of Default	94
	Section 9.02	Cure Right	97
	 	 	 
	ARTICLE X AGENTS	98
	Section 10.01	Appointment	98
	Section 10.02	Nature of Duties; Delegation	99
	Section 10.03	Rights, Exculpation, Etc.	99
	Section 10.04	Reliance	100
	Section 10.05	Indemnification	100
	Section 10.06	Agents Individually	100
	Section 10.07	Successor Agent	101
	Section 10.08	Collateral Matters	101
	Section 10.09	Agency for Perfection	103
	Section 10.10	No Reliance on any Agent’s Customer Identification Program	104
	Section 10.11	No Third-Party Beneficiaries	104
	Section 10.12	No Fiduciary Relationship	104
	Section 10.13	Reports; Confidentiality; Disclaimers	104
	Section 10.14	Collateral Custodian	105
	Section 10.15	[Reserved]	105
	Section 10.16	[Reserved]	105
	Section 10.17	Collateral Agent May File Proofs of Claim	105
	 	 	 
	ARTICLE XI GUARANTY	106
	Section 11.01	Guaranty	106
	Section 11.02	Guaranty Absolute	106
	Section 11.03	Waiver	107
	Section 11.04	Continuing Guaranty; Assignments	107
	Section 11.05	Subrogation	108
	Section 11.06	Contribution	108
	 	 	 
	ARTICLE XII MISCELLANEOUS	109
	Section 12.01	Notices, Etc.	109
	Section 12.02	Amendments, Etc.	110
	Section 12.03	No Waiver; Remedies, Etc.	112
	Section 12.04	Expenses; Attorneys’ Fees	113
	Section 12.05	Right of Set-off	113
	Section 12.06	Severability	113
	Section 12.07	Assignments and Participations	114
	Section 12.08	Counterparts	117
	Section 12.09	GOVERNING LAW	117

  
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  	Section 12.10	CONSENT TO JURISDICTION; SERVICE OF PROCESS AND VENUE	117
	Section 12.11	WAIVER OF JURY TRIAL, ETC.	118
	Section 12.12	Consent by the Agents and Lenders	119
	Section 12.13	No Party Deemed Drafter	119
	Section 12.14	Reinstatement; Certain Payments	119
	Section 12.15	Indemnification; Limitation of Liability for Certain Damages	119
	Section 12.16	Records	120
	Section 12.17	Binding Effect	120
	Section 12.18	Highest Lawful Rate	120
	Section 12.19	Confidentiality	121
	Section 12.20	Public Disclosure	122
	Section 12.21	Integration	122
	Section 12.22	USA PATRIOT Act	122
	Section 12.23	Judgment Currency	122
	Section 12.24	Waiver of Immunity	123
	Section 12.25	English Language	123

  
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  SCHEDULE AND EXHIBITS

   

  	Schedule 1.01(A)	Lenders and Lenders’ Commitments
	Schedule 1.01(B)	Facilities
	Schedule 1.01(C)	Immaterial Subsidiaries
	Schedule 6.01(e)	Capitalization; Subsidiaries
	Schedule 6.01(f)	Litigation
	Schedule 6.01(i)	ERISA
	Schedule 6.01(l)	Nature of Business
	Schedule 6.01(q)	Environmental Matters
	Schedule 6.01(r)	Insurance
	Schedule 6.01(u)	Intellectual Property
	Schedule 6.01(v)	Material Contracts
	Schedule 7.02(a)	Existing Liens
	Schedule 7.02(b)	Existing Indebtedness
	Schedule 7.02(e)	Existing Investments
	Schedule 7.02(j)	Transactions with Affiliates
	Schedule 7.02(k)	Limitations on Dividends and Other Payment Restrictions
	Schedule 8.01	Cash Management Accounts
	 	 
	Exhibit A	Form of Joinder Agreement
	Exhibit B	Form of Assignment and Acceptance
	Exhibit C	Form of Notice of Borrowing
	Exhibit D	Form of LIBOR Notice
	Exhibit E	Form of Compliance Certificate
	Exhibit F	Form of Note
	Exhibit 2.09(d)	Forms of U.S. Tax Compliance Certificate

  
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  FINANCING AGREEMENT

   

  Financing Agreement, dated as of March 16, 2021, by and among Obagi Global Holdings Limited, an exempted company
      incorporated under the laws of the Cayman Islands with limited liability (the “Ultimate Parent”), Obagi Holdings Company Limited, an exempted company incorporated under the laws of the Cayman Islands with limited liability (the “Parent”),

      Obagi Cosmeceuticals LLC, a Delaware limited liability company (together with each other Person that executes a joinder agreement and becomes a “Borrower” hereunder, each a “Borrower” and collectively, the “Borrowers”), each subsidiary
      of the Ultimate Parent listed as a “Guarantor” on the signature pages hereto (together with the Ultimate Parent and each other Personthat executes a joinder agreementand becomes a “Guarantor” hereunder, each, a “Guarantor” and,
    collectively, the “Guarantors”), the lenders from time to time party hereto (each, a “Lender” and, collectively, the “Lenders”), TCW Asset Management Company LLC, a Delaware limited liability company (“TCW”), as collateral
    agent for the Lenders (in such capacity, together with its successors and assigns in such capacity, the “Collateral Agent”), and TCW, as administrative agent for the Lenders (in such capacity, together with its successors and assigns in such
    capacity, the “Administrative Agent” and, together with the Collateral Agent, each, an “Agent” and, collectively, the “Agents”).

   

  R E C I T A L S:

   

  The Borrowers have asked the Lenders to extend credit to the Borrowers consisting of (a) a term loan in the aggregate principal amount of
    $110,000,000 and (b) a revolving credit facility in an aggregate principal amount not to exceed $40,000,000 at any time outstanding. The proceeds of the term loan and the loans made under the revolving credit facility shall be used to refinance
    existing indebtedness of the Borrowers, for general working capital purposes of the Borrowers and to pay fees and expenses related to this Agreement. The Lenders are severally, and not jointly, willing to extend such credit to the Borrowers subject to
    the terms and conditions hereinafter set forth.

   

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

   

  ARTICLE I

   

  DEFINITIONS; CERTAIN TERMS

   

  Section 1.01     Definitions. As used in this Agreement, the following terms shall have the respective meanings indicated
    below:

   

  “Account Debtor” means, with respect to any Person, each debtor, customer or obligor in any way obligated on or in connection with any
    Account of such Person.

   

  “Acquisition” means the acquisition (whether by means of a merger, consolidation or otherwise) of all of the Equity Interests of any Person
    or all or substantially all of the assets of (or any division or business line of) any Person.

   

  “Action” has the meaning specified therefor in Section 12.12.

   

  “Additional Amount” has the meaning specified therefor in Section 2.09(a).

   

  “Administrative Agent” has the meaning specified therefor in the preamble.

  
     

    
      
 

  

  
  “Administrative Agent’s Account” means an account at a bank designated by the Administrative Agent from time to time as the account into
    which the Loan Parties shall make all payments to the Administrative Agent for the benefit of the Agents and the Lenders under this Agreement and the other Loan Documents.

   

  “Administrative Borrower” has the meaning specified therefor in Section 4.05(a).

   

  “Affiliate” means, with respect to any Person, any other Person that directly or indirectly through one or more intermediaries, controls, is
    controlled by, or is under common control with, such Person. For purposes of this definition, “control” of a Person means the power, directly or indirectly, either to (a) vote 10% or more of the Equity Interests having ordinary voting power for the
    election of members of the Board of Directors of such Person or (b) direct or cause the direction of the management and policies of such Person whether by contract or otherwise. Notwithstanding anything herein to the contrary, in no event shall any
    Agent or any Lender be considered an “Affiliate” of any Loan Party.

   

  “After Acquired Property” has the meaning specified therefor in Section 6.01(a).

   

  “Agent” and “Agents” have the respective meanings specified therefor in the preamble.

   

  “Agreement” means this Financing Agreement, including all amendments, modifications and supplements and any exhibits or schedules to any of
    the foregoing, and shall refer to the Agreement as the same may be in effect at the time such reference becomes operative.

   

  “Anti-Corruption Laws” means all Requirements of Law concerning or relating to bribery or corruption, including, without limitation, the
    United States Foreign Corrupt Practices Act of 1977, as amended (the “FCPA”), the UK Bribery Act of 2010, the Prevention of Bribery Ordinance (Chapter 201 of the laws of Hong Kong), and the anti-bribery and anti-corruption laws and regulations
    of those jurisdictions in which the Loan Parties do business.

   

  “Anti-Money Laundering Laws” means all Requirements of Law concerning or relating to terrorism or money laundering, including, without
    limitation, the Money Laundering Control Act of 1986 (18 U.S.C. §§ 1956-1957), the USA PATRIOT Act and the Currency and Foreign Transactions Reporting Act (also known as the “Bank Secrecy Act”, 31 U.S.C. §§ 5311-5332 and 12 U.S.C. §§ 1818(s), 1820(b)
    and §§ 1951-1959), the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (Chapter 615 of the laws of Hong Kong), and, in each case, the rules and regulations thereunder, and any law prohibiting or directed against the financing or support
    of terrorist activities (e.g., 18 U.S.C. §§ 2339A and 2339B).

   

  “Applicable Margin” means, as of any date of determination, with respect to the interest rate of any Revolving Loan or the Term Loan (or any
    portion thereof):

   

  (a)           From the Effective Date until the date that is 2 Business Days after the date on which the Loan Parties are required to deliver to the
    Agents and the Lenders the quarterly financial statements and a certificate of an Authorized Officer of the Ultimate Parent for the fiscal quarter of the Ultimate Parent and its Subsidiaries ending December 31, 2021 in accordance with Sections
    7.01(a)(ii) and 7.01(a)(iv) (the “Initial Applicable Margin Period”), the relevant Applicable Margin shall be set at Level I in the table below.

  
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  (b)           After the Initial Applicable Margin Period, the relevant Applicable Margin shall be set at the respective level indicated below based
    upon the Leverage Ratio set forth opposite thereto, which ratio shall be calculated as of the end of the most recent fiscal quarter of the Ultimate Parent and its Subsidiaries for which quarterly financial statements and a certificate of an Authorized
    Officer of the Ultimate Parent are received by the Agents and the Lenders in accordance with Sections 7.01(a)(ii) and 7.01(a)(iv):

   

  	 	 	Reference Rate Loans	LIBOR Rate Loans
	Level	Leverage Ratio	 	 	 	 
	Revolving	Term	Revolving	 
	 	 	Loans	Loan	Loans	Term Loan
	 	 	 	 	 	 
	I	Greater than or equal to 5.00 to 1:00	6.50%	6.50%	7.50%	7.50%
	 	 	 	 	 	 
	II	Less than 5.00 to 1:00 and equal to or greater than 4.25 to 1:00	6.00%	6.00%	7.00%	7.00%
	 	 	 	 	 	 
	III	Less than 4.25 to 1:00 and equal to or greater than 3.50 to 1:00	5.50%	5.50%	6.50%	6.50%
	 	 	 	 	 	 
	IV	Less than 3.50 to 1:00	5.00%	5.00%	6.00%	6.00%
	 	 	 	 	 	 

   

  (c)           Subject to clause (d) below, the adjustment of the Applicable Margin (if any) will occur 2 Business Days after the date on which the
    Loan Parties are required to deliver to the Agents and the Lenders the quarterly financial statements of the Ultimate Parent and its Subsidiaries and a certificate of an Authorized Officer of the Ultimate Parent in accordance with Sections 7.01(a)(ii)
    and 7.01(a)(iv).

   

  (d)           Notwithstanding the foregoing:

   

  (i)           the Applicable Margin shall be set at Level I in the table above (A) upon the occurrence and during the continuation of a Default or
    Event of Default or (B) if for any period, the Administrative Agent does not receive the financial statements and certificates described in clause (c) above, for the period commencing on the date such financial statements and certificate were required
    to be delivered through the date on which such financial statements and certificate are actually received by the Administrative Agent and the Lenders; and

   

  (ii)           in the event that any financial statement or certificate described in clause (c) above is inaccurate (regardless of whether this
    Agreement or any Commitments are in effect when such inaccuracy is discovered), and such inaccuracy, if corrected, would have led to the application of a higher Applicable Margin for any fiscal period, then the Applicable Margin for such fiscal period
    shall be adjusted retroactively (to the effective date of the determination of the Applicable Margin that was based upon the delivery of such inaccurate financial statement or certificate) to reflect the correct Applicable Margin, and the Borrowers
    shall promptly make payments to the Agents and the Lenders to reflect such adjustment.

   

  “Applicable Premium” means

   

  (a)           as of the date of the occurrence of an Applicable Premium Trigger Event specified in clause (c), (d) or (e) of the definition thereof:

   

  (i)           during the period from and after the Effective Date up to and including the date that is the first anniversary of the Effective Date
    (the “First Period”), an amount equal to 4.00% times the sum of (A) the aggregate amount of all Obligations (other than the Applicable Premium) outstanding on the date of such Applicable Premium Trigger Event and (B) the aggregate amount of
    undrawn Revolving Credit Commitments immediately prior to such Applicable Premium Trigger Event;

  
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  (ii)          during the period after the First Period up to and including the date that is the second anniversary of the Effective Date (the “Second

      Period”), an amount equal to 3.00% times the sum of (A) the aggregate amount of all Obligations (other than the Applicable Premium) outstanding on the date of such Applicable Premium Trigger Event and (B) the aggregate amount of undrawn Revolving
    Credit Commitments immediately prior to such Applicable Premium Trigger Event;

   

  (iii)         during the period after the Second Period up to and including the date that is the third anniversary of the Effective Date (the “Third

      Period”), an amount equal to 2.00% times the sum of (A) the aggregate amount of all Obligations (other than the Applicable Premium) outstanding on the date of such Applicable Premium Trigger Event and (B) the aggregate amount of undrawn Revolving
    Credit Commitments immediately prior to such Applicable Premium Trigger Event;

   

  (iv)         during the period after the Third Period up to and including the date that is the fourth anniversary of the Effective Date (the “Fourth

      Period”), an amount equal to 1.00% times the sum of (A) the aggregate amount of all Obligations (other than the Applicable Premium) outstanding on the date of such Applicable Premium Trigger Event and (B) the aggregate amount of undrawn Revolving
    Credit Commitments immediately prior to such Applicable Premium Trigger Event; and

   

  (v)          thereafter, zero;

   

  		(b)	as of the date of the occurrence of an Applicable Premium Trigger Event specified in clause (a) of the definition thereof:

   

  (i)           during the First Period, an amount equal to 4.00% times the amount of the permanent reduction of the Total Revolving Credit
    Commitment on such date;

   

  (ii)          during the Second Period, an amount equal to 3.00% times the amount of the permanent reduction of the Total Revolving Credit
    Commitment on such date;

   

  (iii)         during the Third Period, an amount equal to 2.00% times the amount of the permanent reduction of the Total Revolving Credit
    Commitment on such date;

   

  (iv)         during the Fourth Period, an amount equal to 1.00% times the amount of the permanent reduction of the Total Revolving Credit
    Commitment on such date; and

   

  (v)          thereafter, zero; and

   

  		(c)	as of the date of the occurrence of an Applicable Premium Trigger Event specified in clause (b) of the definition thereof:

   

  (i)           during the First Period, an amount equal to 4.00% times the amount of the Term Loan Obligations (other than the Applicable Premium)
    being paid on such date;

   

  (ii)          during the Second Period, an amount equal to 3.00% times the amount of the Term Loan Obligations (other than the Applicable Premium)
    being paid on such date;

   

  (iii)         during the Third Period, an amount equal to 2.00% times the amount of the Term Loan Obligations (other than the Applicable Premium)
    being paid on such date;

  
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  (iv)         during the Fourth Period, an amount equal to 1.00% times the amount of the Term Loan Obligations (other than the Applicable Premium)
    being paid on such date; and

   

  (v)          thereafter, zero.

   

  “Applicable Premium Trigger Event” means

   

  (a)

  any permanent reduction of the
    Total Revolving Credit Commitment pursuant to Section 2.05 or Section 9.01;

   

  (b)

  any payment by any Loan Party of
    all, or any part, of the principal balance of any Term Loan for any reason (including any optional prepayments (to the extent that the aggregate amount of optional prepayments made in any Fiscal Year exceeds $5,000,000) and any mandatory prepayments
    (but excluding any mandatory prepayments made pursuant to Section 2.05(c)(i))) whether before or after (i) the occurrence of an Event of Default, or (ii) the commencement of any Insolvency Proceeding, and notwithstanding any acceleration (for any
    reason) of the Obligations;

   

  (c)

  the acceleration of the
    Obligations for any reason, including, without limitation, acceleration in accordance with Section 9.01, including as a result of the commencement of an Insolvency Proceeding;

   

  (d)

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

   

  (e)

  the termination of this
    Agreement for any reason prior to the Final Maturity Date.

   

  “Assignment and Acceptance” means an assignment and acceptance entered into by an assigning Lender and an assignee, and accepted by the
    Collateral Agent (and the Administrative Agent, if applicable), in accordance with Section 12.07 and substantially in the form of Exhibit B or such other form acceptable to the Collateral Agent.

   

  “Authorized Officer” means, with respect to any Person, the chief executive officer, chief operating officer, chief financial officer,
    treasurer or other financial officer performing similar functions, president or executive vice president of such Person.

   

  “Availability” means, at any time, the difference between (a) the Total Revolving Credit Commitment and (b) the aggregate outstanding
    principal amount of all Revolving Loans.

   

  “Bankruptcy Code” means Title 11 of the United States Code, as amended from time to time and any successor statute or any similar federal or
    state law for the relief of debtors.

   

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

   

  “Board of Directors” means with respect to (a) any corporation or company, the board of directors of the corporation or company or any
    committee thereof duly authorized to act on behalf of such board, (b) a partnership, the board of directors of the general partner of the partnership, (c) a limited liability company, the managing member or members or any controlling committee or board
    of directors of such company or the sole member or the managing member thereof, and (d) any other Person, the board or committee of such Person serving a similar function.

  
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  “Borrower” and “Borrowers” have the respective meanings specified therefor in the preamble hereto.

   

  “Business Day” means (a) for all purposes other than as described in clause (b) below, any day other than a Saturday, Sunday or other day on
    which commercial banks in New York City are authorized or required to close, and (b) with respect to the borrowing, payment or continuation of, or determination of interest rate on, LIBOR Rate Loans, any day that is a Business Day described in clause
    (a) above and on which dealings in Dollars may be carried on in the interbank eurodollar markets in New York City and London.

   

  “Capital Expenditures” means, with respect to any Person for any period, the sum of (a) the aggregate of all expenditures by such Person and
    its Subsidiaries during such period that in accordance with GAAP are or should be included in “property, plant and equipment” or in a similar fixed asset account on its balance sheet, whether such expenditures are paid in cash or financed, including
    all Capitalized Lease Obligations, obligations under synthetic leases and capitalized software costs that are paid or due and payable during such period and (b) to the extent not covered by clause (a) above, the aggregate of all expenditures by such
    Person and its Subsidiaries during such period to acquire by purchase or otherwise the business or fixed assets of, or the Equity Interests of, any other Person.

   

  “Capitalized Lease” means, with respect to any Person, any lease of (or other arrangement conveying the right to use) real or personal
    property by such Person as lessee that is required under GAAP to be capitalized on the balance sheet of such Person.

   

  “Capitalized Lease Obligations” means, with respect to any Person, obligations of such Person and its Subsidiaries under Capitalized Leases,
    and, for purposes hereof, the amount of any such obligation shall be the capitalized amount thereof determined in accordance with GAAP.

   

  “Cash Equivalents” means (a) marketable direct obligations issued or unconditionally guaranteed by the United States Government or issued by
    any agency thereof and backed by the full faith and credit of the United States, in each case, maturing within six months from the date of acquisition thereof; (b) commercial paper, maturing not more than 270 days after the date of issue rated P 1 by
    Moody’s or A 1 by Standard & Poor’s; (c) certificates of deposit maturing not more than 270 days after the date of issue, issued by commercial banking institutions and money market or demand deposit accounts maintained at commercial banking
    institutions, each of which is a member of the Federal Reserve System and has a combined capital and surplus and undivided profits of not less than $500,000,000; (d) repurchase agreements having maturities of not more than 90 days from the date of
    acquisition which are entered into with major money center banks included in the commercial banking institutions described in clause (c) above and which are secured by readily marketable direct obligations of the United States Government or any agency
    thereof; (e) money market accounts maintained with mutual funds having assets in excess of $2,500,000,000, which assets are primarily comprised of Cash Equivalents described in another clause of this definition; (f) marketable tax exempt securities
    rated A or higher by Moody’s or A+ or higher by Standard & Poor’s, in each case, maturing within 270 days from the date of acquisition thereof and (g) in the case of any Foreign Subsidiary, cash and cash equivalents that are substantially
    equivalent in such jurisdiction to those described in clauses (a) through (f) above in respect of each country that is a member of the Organization for Economic Co-operation and Development.

   

  “Cash Management Accounts” means the bank accounts of each Loan Party maintained at one or more Cash Management Banks listed on Schedule 8.01
    hereto.

  
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  “Cash Management Bank” has the meaning specified therefor in Section 8.01(a).

   

  “Cayman Islands Security Documents” means any document governed by the laws of the Cayman Islands to provide security for any or all of the
    Obligations as may reasonably be required by the Collateral Agent (acting on advice of local counsel), as each such Cayman Islands Security Document is amended, restated, supplemented or otherwise modified from time to time.

   

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

   

  “Change of Control” means each occurrence of any of the following:

   

  (a)

  (i) the Permitted Holders (other
    than Yellow Sea Investment Holdings Limited) cease to beneficially and of record own and control, directly or indirectly, at least 50.1% on a fully diluted basis of the aggregate outstanding voting power of the Equity Interests of the Ultimate Parent
    or (ii) the Permitted Holders cease to beneficially and of record own and control, directly or indirectly, at least 50.1% on a fully diluted basis of the aggregate outstanding economic power of the Equity Interests of the Ultimate Parent;

   

  (b)

  the acquisition, directly or
    indirectly, by any person or group (within the meaning of Section 13(d)(3) of the Exchange Act) other than a Permitted Holder of beneficial ownership of more than 33% of the aggregate outstanding voting or economic power of the Equity Interests of the
    Ultimate Parent;

   

  (c)

  during any period of two
    consecutive years, individuals who at the beginning of such period constituted the Board of Directors of the Ultimate Parent (or its direct or indirect ultimate parent holding company) (together with any new directors whose election by such Board of
    Directors or whose nomination for election by the shareholders of the Ultimate Parent (or its direct or indirect ultimate parent holding company) was approved by a vote of at least a majority of the directors of the Ultimate Parent (or its direct or
    indirect ultimate parent holding company) then still in office who were either directors at the beginning of such period, or whose election or nomination for election was previously approved) cease for any reason to constitute a majority of the Board
    of Directors of the Ultimate Parent (or its direct or indirect ultimate parent holding company);

   

  (d)

  the Ultimate Parent shall cease
    to have beneficial ownership (as defined in Rule 13d-3 under the Exchange Act) of 100% of the aggregate voting or economic power of the Equity Interests of each other Loan Party and each of its Subsidiaries (other than (i) in connection with any
    transaction permitted pursuant to Section 7.02(c)(i), (ii) directors’ qualifying shares or shares required by law to be owned by a resident of the relevant jurisdiction and (iii) in connection with the sale or issuance of up to 30% in the aggregate of
    the Equity Interests in ClinActiv Technology Limited or ClinActiv(US) LLC to any Person on terms and conditions reasonably acceptable to the Collateral Agent), free and clear of all Liens (other than Permitted Specified Liens); or

  
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  (e)

  Jaime Castle shall cease to be
    involved in the day to day operations and management of the business of the Ultimate Parent, the Parent or the Borrowers, and a successor reasonably acceptable to the Collateral Agent and the Required Lenders is not appointed on terms reasonably
    acceptable to the Collateral Agent and the Required Lenders within 60 days of such cessation of involvement.

   

  “Collateral” means all of the property(ies) and asset(s) and all interests therein and proceeds thereof now owned or hereafter acquired by
    any Person upon which a Lien is granted or purported to be granted by such Person as security for all or any part of the Obligations.

   

  “Collateral Agent” has the meaning specified therefor in the preamble.

   

  “Collateral Agent Advances” has the meaning specified therefor in Section 10.08(a).

   

  “Collections” means all cash, checks, notes, instruments, and other items of payment (including insurance proceeds, proceeds of cash sales,
    rental proceeds, and tax refunds).

   

  “Commitments” means, with respect to each Lender, such Lender’s Revolving Credit Commitment and Term Loan Commitment.

   

  “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.

   

  “Compliance Certificate” means a Compliance Certificate, substantially in the form of Exhibit E hereto, duly executed by an Authorized
    Officer of the Ultimate Parent.

   

  “Consolidated EBITDA” means, with respect to any Person for any period:

   

  (a)           the Consolidated Net Income of such Person for such period,

   

  plus

  

  

  (b)           without duplication, the sum of the following amounts for such period to the extent deducted in the
    calculation of Consolidated Net Income for such period:

    

  (i)           any provision for United States federal income taxes or other taxes measured by net income,

   

  (ii)          Consolidated Net Interest Expense,

   

  (iii)         any depreciation and amortization expense,

   

  (iv)         any aggregate net loss on the Disposition of property (other than accounts and Inventory) outside
    the ordinary course of business,

   

  (v)          any non-cash loss from extraordinary items,

   

  (vi)         any other non-cash expenditure, charge or loss for such period (other than any non-cash
    expenditure, charge or loss relating to write-offs, write-downs or reserves with respect to accounts and Inventory),

  
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  (vii)

  any costs and expenses
    incurred in connection with the closing of the transactions contemplated by this Agreement and the other Loan Documents in an aggregate amount for all such costs and expenses added back pursuant to this clause (vii) not to exceed $3,500,000,

   

  (viii)

  any costs and expenses
    incurred in connection with any amendment or waiver of the Loan Documents; provided, that such costs and expenses are reasonably identifiable, factually supportable, and certified by an Authorized Officer of the Parent,

   

  (ix)

  any net operating expense
    reductions or net cost savings initiatives, inclusive of (A) amendments, renegotiations or replacements of long-term supply contracts, (B) restructuring costs and (C) integration costs but exclusive of (1) severance costs, relocation costs, retention
    costs and recruiting costs, (2) pricing changes for goods and services and (3) costs to provide goods and services, other than net cost savings obtained from amendments, renegotiations or replacements of long-term supply contracts (calculated on a pro
    forma basis as though such expense reductions or cost savings initiatives had been realized on the first day of such period and as if such expense reductions or cost savings initiatives were realized during the entirety of such period); provided that
    (w) such expense reductions or cost savings initiatives have already been taken, (x) such expense reductions or cost savings initiatives are reasonably identifiable, factually supportable and reasonably attributable to the actions taken, (y)  the full
    “run-rate” benefits resulting therefrom are anticipated by the Parent to be fully realized (in the good faith determination of the Parent) within 12 months after the consummation of such actions taken and (z)   such expense reductions or cost savings
    initiatives are described in a reasonably detailed statement certified by an Authorized Officer of the Parent; provided, further, that (I) the aggregate amount added back pursuant to this clause (ix) for any 4 consecutive Fiscal Quarters of the Parent
    and its Subsidiaries shall not exceed 5.0% of Consolidated EBITDA (without giving effect to such addback) and (II) the aggregate amount added back pursuant to this clause (ix) and clause (x) below and the aggregate amount of pro forma adjustments made
    pursuant to Section 1.07(c) for any 4 consecutive Fiscal Quarters of the Parent and its Subsidiaries shall not exceed (I) for the period ending March 31, 2021, 20.0% of Consolidated EBITDA (without giving effect to such addbacks and adjustments), (II)
    for the period ending June 30, 2021, 15.0% of Consolidated EBITDA (without giving effect to such addbacks and adjustments), (III) for the period ending September 30, 2021, 12.5% of Consolidated EBITDA (without giving effect to such addbacks and
    adjustments), (IV) for the period ending December 31, 2021, 10.0% of Consolidated EBITDA (without giving effect to such addbacks and adjustments) and (V) for any period ending thereafter, 7.5% of Consolidated EBITDA (without giving effect to such
    addbacks and adjustments), and

   

  (x)

  any severance costs, relocation
    costs, retention costs and recruiting costs; provided that (A) the aggregate amount added back pursuant to this clause (x) for any 4 consecutive Fiscal Quarters of the Parent and its Subsidiaries shall not exceed 5.0% of Consolidated EBITDA (without
    giving effect to such addback) and (B) the aggregate amount added back pursuant to clause (ix) above and this clause (x) and the aggregate amount of pro forma adjustments made pursuant to Section 1.07(c) for any 4 consecutive Fiscal Quarters of the
    Parent and its Subsidiaries shall not exceed (I) for the period ending March 31, 2021, 20.0% of Consolidated EBITDA (without giving effect to such addbacks and adjustments), (II) for the period ending June 30, 2021, 15.0% of Consolidated EBITDA
    (without giving effect to such addbacks and adjustments), (III) for the period ending September 30, 2021, 12.5% of Consolidated EBITDA (without giving effect to such addbacks and adjustments), (IV) for the period ending December 31, 2021, 10.0% of
    Consolidated EBITDA (without giving effect to such addbacks and adjustments) and (V) for any period ending thereafter, 7.5% of Consolidated EBITDA (without giving effect to such addbacks and adjustments),

   

  minus

  
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  (c)           without duplication, the sum of the following amounts for such period to the extent included in the calculation of such Consolidated
    Net Income for such period:

   

  (i)

  any credit for United States federal income
    taxes or other taxes measured by net income,

   

  (ii)

  any aggregate net gain from the Disposition of
    property (other than accounts and Inventory) outside the ordinary course of business,

   

  (iii)

  any gain from extraordinary items, and

   

  (iv)

  any non-cash gain, including any reversal of a
    charge referred to in clause (b)(vi) above by reason of a decrease in the value of any Equity Interest;

   

  in each case, determined on a consolidated basis in accordance with GAAP.

   

  “Consolidated Net Income” means, with respect to any Person, for any period, the consolidated net income (or loss) of such Person and its
    Subsidiaries for such period; provided, however, that the following shall be excluded: (a) the net income of any other Person in which such Person or one of its Subsidiaries has a joint interest with a third-party (which interest does not cause the net
    income of such other Person to be consolidated into the net income of such Person), except to the extent of the amount of dividends or distributions paid to such Person or Subsidiary, (b) the net income of any Subsidiary of such Person that is, on the
    last day of such period, subject to any restriction or limitation on the payment of dividends or the making of other distributions, to the extent of such restriction or limitation, and (c) the net income of any other Person arising prior to such other
    Person becoming a Subsidiary of such Person or merging or consolidating into such Person or its Subsidiaries.

   

  “Consolidated Net Interest Expense” means, with respect to any Person for any period, (a) gross interest expense of such Person and its
    Subsidiaries for such period determined on a consolidated basis and in accordance with GAAP (including, without limitation, interest expense paid to Affiliates of such Person), less (b) the sum of (i) interest income for such period and (ii) gains for
    such period on Hedging Agreements (to the extent not included in interest income above and to the extent not deducted in the calculation of gross interest expense), plus (c) the sum of (i) losses for such period on Hedging Agreements (to the extent not
    included in gross interest expense) and (ii) the upfront costs or fees for such period associated with Hedging Agreements (to the extent not included in gross interest expense), in each case, determined on a consolidated basis and in accordance with
    GAAP.

   

  “Contingent Indemnity Obligations” means any Obligation constituting a contingent, unliquidated indemnification obligation of any Loan Party,
    in each case, to the extent (a) such obligation has not accrued and is not yet due and payable and (b) no claim has been made or is reasonably anticipated to be made with respect thereto.

   

  “Contingent Obligation” means, with respect to any Person, any obligation of such Person guaranteeing or intending to guarantee any
    Indebtedness, leases, dividends or other obligations (“primary obligations”) of any other Person (the “primary obligor”) in any manner, whether directly or indirectly, including, without limitation, (a) the direct or indirect guaranty, endorsement
    (other than for collection or deposit in the ordinary course of business), co-making, discounting with recourse or sale with recourse by such Person of the obligation of a primary obligor, (b) the obligation to make take-or-pay or similar payments, if
    required, regardless of nonperformance by any other party or parties to an agreement, and (c) any obligation of such Person, whether or not contingent, (i) to purchase any such primary obligation or any property constituting direct or indirect security
    therefor, (ii) to advance or supply funds (A) for the purchase or payment of any such primary obligation or (B) to maintain working capital or equity capital of the primary obligor or otherwise to maintain the net worth or solvency of the primary
    obligor, (iii) to purchase property, assets, securities or services primarily for the purpose of assuring the owner of any such primary obligation of the ability of the primary obligor to make payment of such primary obligation or (iv) otherwise to
    assure or hold harmless the holder of such primary obligation against loss in respect thereof; provided, however, that the term “Contingent Obligation” shall not include any product warranties extended in the ordinary course of business. The amount of
    any Contingent Obligation shall be deemed to be an amount equal to the stated or determinable amount of the primary obligation with respect to which such Contingent Obligation is made (or, if less, the maximum amount of such primary obligation for
    which such Person may be liable pursuant to the terms of the instrument evidencing such Contingent Obligation) or, if not stated or determinable, the maximum reasonably anticipated liability with respect thereto (assuming such Person is required to
    perform thereunder), as determined by such Person in good faith.

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

   

  “Control Agreement” means, with respect to any deposit account, any securities account, commodity account, securities entitlement or
    commodity contract, an agreement, in form and substance satisfactory to the Collateral Agent, among the Collateral Agent, the financial institution or other Person at which such account is maintained or with which such entitlement or contract is
    carried and the Loan Party maintaining such account, effective to grant “control” (as defined under the applicable UCC) over such account to the Collateral Agent.

   

  “Controlled Investment Affiliate” means, as to any Person, any other Person that (a) directly or indirectly, is in control
    of, is controlled by, or is under common control with, such Person and (b) is organized by such Person primarily for the purpose of making equity or debt investments in one or more companies. For purposes of this definition, “control” of a Person means
    the power, directly or indirectly, to direct or cause the direction of the management and policies of such Person whether by contract or otherwise.

   

  “Cure Right” has the meaning specified in Section 9.02.

   

  “Current Value” has the meaning specified therefor in Section 7.01(m).

   

  “Dai Family” means Yumin Dai, Sujie Dai, Sicong Dai and their respective Controlled Investment Affiliates.

   

  “Debtor Relief Law” means the Bankruptcy Code and any other liquidation, conservatorship, bankruptcy, assignment for the benefit of
    creditors, moratorium, rearrangement, receivership, insolvency, reorganization, winding up order, or similar debtor relief law of the United States or other applicable jurisdiction from time to time in effect.

   

  “Default” means an event which, with the giving of notice or the lapse of time or both, would constitute an Event of Default.

  
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  “Defaulting Lender” means any Lender that (a) has failed to (i) fund all or any portion of its Loans within two Business Days of the date
    such Loans were required to be funded hereunder unless such Lender notifies the Administrative Agent and the Administrative Borrower in writing that such failure is the result of such Lender’s determination that one or more conditions precedent to
    funding (each of which conditions precedent, together with any applicable default, shall be specifically identified in such writing) has not been satisfied, or (ii) pay to the Administrative Agent or any other Lender any other amount required to be
    paid by it hereunder within two Business Days of the date when due, (b) has notified the Administrative Borrower, or the Administrative Agent in writing that it does not intend to comply with its funding obligations hereunder, or has made a public
    statement to that effect (unless such writing or public statement relates to such Lender’s obligation to fund a Loan hereunder and states that such position is based on such Lender’s determination that a condition precedent to funding (which condition
    precedent, together with any applicable default, shall be specifically identified in such writing or public statement) cannot be satisfied), (c) has failed, within three Business Days after written request by the Administrative Agent or the
    Administrative Borrower, to confirm in writing to the Administrative Agent and the Administrative Borrower that it will comply with its prospective funding obligations hereunder (provided that such Lender shall cease to be a Defaulting Lender pursuant
    to this clause (c) upon receipt of such written confirmation by the Administrative Agent and the Administrative Borrower), or (d) has, or has a direct or indirect parent company that has, (i) become the subject of a proceeding under any Debtor Relief
    Law, or (ii) had appointed for it a receiver, custodian, conservator, trustee, administrator, assignee for the benefit of creditors or similar Person charged with reorganization or liquidation of its business or assets, including the Federal Deposit
    Insurance Corporation or any other state or federal regulatory authority acting in such a capacity. Notwithstanding anything to the contrary herein, a Lender shall not be a Defaulting Lender solely by virtue of the ownership or acquisition of any
    Equity Interest in that Lender or any direct or indirect parent company thereof by a Governmental Authority so long as such ownership interest does not result in or provide such Lender with immunity from the jurisdiction of courts within the United
    States or from the enforcement of judgments or writs of attachment on its assets or permits such Lender (or such Governmental Authority) to reject, repudiate, disavow or disaffirm any contracts or agreements made with such Lender. Any determination by
    the Administrative Agent that a Lender is a Defaulting Lender under clauses (a) through (d) above shall be conclusive and binding absent manifest error, and such Lender shall be deemed to be a Defaulting Lender upon delivery of written notice of such
    determination to the Administrative Borrower and each Lender.

   

  “Disbursement Letter” means a disbursement letter, in form and substance satisfactory to the Collateral Agent, by and among the Loan Parties,
    the Agents, the Lenders and the other Persons party thereto, and the related funds flow memorandum describing the sources and uses of all cash payments in connection with the transactions contemplated to occur on the Effective Date.

   

  “Disposition” means any transaction, or series of related transactions, pursuant to which any Person or any of its Subsidiaries sells,
    assigns, transfers, leases, licenses (as licensor) or otherwise disposes of any property or assets (whether now owned or hereafter acquired) to any other Person, in each case, whether or not the consideration therefor consists of cash, securities or
    other assets owned by the acquiring Person. For purposes of clarification, “Disposition” shall include (a) the sale or other disposition for value of any contracts, (b) any disposition of property through a “plan of division” under the Delaware Limited
    Liability Company Act or any comparable transaction under any similar law, (c) the early termination or modification of any contract resulting in the receipt by any Loan Party of a cash payment or other consideration in exchange for such event (other
    than payments in the ordinary course for accrued and unpaid amounts due through the date of termination or modification) or (d) any sale of merchant accounts (or any rights thereto (including, without limitation, any rights to any residual payment
    stream with respect thereto)) by any Loan Party.

   

  “Disqualified Equity Interests” means any Equity Interest that, by its terms (or by the terms of any security or other Equity Interest into
    which it is convertible or for which it is exchangeable), or upon the happening of any event or condition, (a) matures or is mandatorily redeemable, pursuant to a sinking fund obligation or otherwise (except as a result of a change of control or asset
    sale so long as any rights of the holders thereof upon the occurrence of a change of control or asset sale event shall be subject to the prior repayment in full of the Loans and all other Obligations and the termination of the Commitments), (b) is
    redeemable at the option of the holder thereof, in whole or in part, (c) provides for the scheduled payments of dividends or distributions in cash, or (d) is convertible into or exchangeable for (i) Indebtedness or (ii) any other Equity Interests that
    would constitute Disqualified Equity Interests, in each case of clauses (a) through (d), prior to the date that is six months after the Final Maturity Date.

  
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  “Dollar”, “Dollars” and the symbol “$” each means lawful money of the United States of America.

   

  “Domestic Loan Party” means any Loan Party that is organized and existing under the laws of the United States or any state or commonwealth
    thereof or under the laws of the District of Columbia.

   

  “Domestic Subsidiary” means any Subsidiary that is organized and existing under the laws of the United States or any state or commonwealth
    thereof or under the laws of the District of Columbia.

   

  “Effective Date” has the meaning specified therefor in Section 5.01.

   

  “Employee Plan” means an employee benefit plan within the meaning of Section 3(3) of ERISA (other than a Multiemployer Plan), regardless of
    whether subject to ERISA, that any Loan Party or any of its ERISA Affiliates maintains, sponsors or contributes to or is obligated to contribute to or otherwise has any liability.

   

  “Environmental Claim” means any action, suit, complaint, summons, citation, notice, directive, order, claim, litigation, investigation,
    judicial or administrative proceeding, judgment, letter or other communication, from any Person or Governmental Authority relating to or arising out of any threatened, alleged or actual (a) violation of, non-compliance with, or liability under, any
    Environmental Law, or (b) the manufacture, use, handling, processing, distribution, labeling, generation, transportation, storage, treatment, Release, threatened Release, disposal or arranging for the disposal of, or exposure to, any Hazardous
    Materials.

   

  “Environmental Law” means any Requirement of Law relating to, regulating or governing (i) the pollution or protection of the environment, any
    environmental media, natural resources, human health or safety, or (ii) the manufacture, use, handling, processing, distribution, labeling, generation, transportation, storage, treatment, Release, threatened Release, disposal or arranging for the
    disposal of, or exposure to, any Hazardous Materials.

   

  “Environmental Liability” means all liabilities (contingent or otherwise, known or unknown), monetary obligations, losses (including monies
    paid in settlement), damages, natural resource damages, costs and expenses (including all reasonable fees, costs, client charges and expenses of counsel, experts and consultants), fines, penalties, sanctions and interest arising directly or indirectly
    as a result of, from, or based upon (a) any Environmental Claim, (b) any actual, alleged or threatened violation of or non-compliance with any Environmental Law or Environmental Permit, (c) any actual, alleged or threatened Release of, or exposure to,
    Hazardous Materials, (d) any Remedial Action, (f) any environmental condition or (g) any contract, agreement or other arrangement pursuant to which liability is assumed or imposed contractually or by operation of law with respect to any of the
    foregoing (a)-(f).

   

  “Environmental Lien” means any Lien in favor of any Governmental Authority arising out of any Environmental Liability.

   

  “Environmental Permit” means any permit, license, authorization, approval, registration or entitlement required by or issued pursuant to any
    Environmental Law or by any Governmental Authority pursuant to Environmental Law.

  
    - 13 -

    
      
 

  

  “Equity Interests” means (a) all shares of capital stock (whether denominated as common stock or preferred stock), equity interests,
    beneficial, partnership or membership interests, joint venture interests, participations, or other ownership, profit interests in or equivalents (regardless of how designated) of or in a Person (other than an individual), whether voting or non-voting,
    and (b) all securities convertible into or exchangeable for any of the foregoing and all warrants, options or other rights to purchase, subscribe for or otherwise acquire any of the foregoing, whether or not presently convertible, exchangeable or
    exercisable.

   

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

   

  “ERISA” means the Employee Retirement Income Security Act of 1974, as amended, and any successor statute of similar import, and regulations
    thereunder, in each case, as in effect from time to time. References to sections of ERISA shall be construed also to refer to any successor sections.

   

  “ERISA Affiliate “ means, with respect to any Person, any trade or business (whether or not incorporated) that, together with such Person is,
    or within the last six (6) years was, treated as a single employer under Section 414 of the Internal Revenue Code or Section 4001 of ERISA.

   

  “ERISA Event” means (a) the occurrence of a Reportable Event with respect to any Pension Plan; (b) the failure to meet the minimum funding
    standards of Section 412 or 430 of the Internal Revenue Code or Section 302 or 303 of ERISA with respect to any Pension Plan (whether or not waived in accordance with Section 412(c) of the Internal Revenue Code or Section 302(c) of ERISA) or the
    failure to make a contribution or installment required under Section 412 or 430(j) of the Internal Revenue Code with respect to any Pension Plan or the failure to make any required contribution to a Multiemployer Plan; (c) a determination that any
    Pension Plan is, or is expected to be, in “at risk” status (as defined in Section 430 of the Internal Revenue Code or Section 303 of ERISA); (d) a determination that any Multiemployer Plan is, or is expected to be, in “critical,” “endangered” or
    “critical and declining” status, in each case, within the meaning of Title IV of ERISA; (e) the filing of a notice of intent to terminate a Pension Plan or the treatment of an amendment to a Pension Plan as a termination under Section 4041 of ERISA;
    (f) the withdrawal by any Loan Party or any of its ERISA Affiliates from any Pension Plan with two or more contributing sponsors or the termination of any such Pension Plan resulting in liability to any Loan Party or any of its ERISA Affiliates
    pursuant to Section 4063 or 4064 of ERISA; (g) the institution by the PBGC of proceedings to terminate any Pension Plan or appoint a trustee to administer any Pension Plan, or the occurrence of any event or condition that might constitute grounds under
    ERISA for the termination of, or the appointment of a trustee to administer, any Pension Plan; (h) the imposition of liability on any Loan Party or any of its ERISA Affiliates pursuant to Section 4062(e) or 4069(a) of ERISA or by reason of the
    application of Section 4212(c) of ERISA; (i) the withdrawal of any Loan Party or any of its ERISA Affiliates in a complete or partial withdrawal (within the meaning of Sections 4203 and 4205 of ERISA) from any Multiemployer Plan or the receipt by any
    Loan Party or any of its ERISA Affiliates of notice from any Multiemployer Plan that it intends to terminate or has terminated under Section 4041A or 4042 of ERISA; (j) the occurrence of an act, circumstance, transaction, failure or omission which
    results in, or which could reasonably be expected to give result in, liability to a Loan Party under Title I of ERISA or a tax under any of Sections 4971 through 5000 of the Internal Revenue Code; (k) the imposition of any liability under Title IV of
    ERISA, other than for PBGC premiums due but not delinquent, upon any Loan Party or any of its ERISA Affiliates; (l) the assertion of a claim (other than routine claims for benefits) against any Employee Plan or the assets thereof, or against any Loan
    Party or any of its ERISA Affiliates in connection with any Employee Plan or Multiemployer Plan; (m) receipt from the Internal Revenue Service of notice of the failure of any Pension Plan (or any other Employee Plan intended to be qualified under
    Section 401(a) of the Internal Revenue Code) to qualify under Section 401(a) of the Internal Revenue Code, or the failure of any trust forming part of any such Pension Plan (or such other Employee Plan) to qualify for exemption from taxation under
    Section 501(a) of the Internal Revenue Code; (n) the imposition on any Loan Party of any fine, excise tax or penalty with respect to any Employee Plan or Multiemployer Plan resulting from any noncompliance with any Requirements of Law; (o) the
    imposition of a Lien pursuant to Section 430(k) of the Internal Revenue Code or pursuant to ERISA with respect to any Pension Plan; or (p) the occurrence of any Foreign Plan Event.

  
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  “Erroneous Distribution” has the meaning specified therefor in Section 10.18.

   

  “Event of Default” has the meaning specified therefor in Section 9.01.

   

  “Excess Availability” means, as of any date of determination, the amount equal to the result of (a) Availability minus (b) the aggregate
    amount, if any, of (i) all trade payables of the Parent and its Subsidiaries outstanding for more than 60 days after the date such payable was due and (ii) all book overdrafts of the Parent and its Subsidiaries outstanding for more than 60 days after
    the date such overdraft occurred, in each case, as determined by the Administrative Agent in its reasonable business judgment.

   

  “Excess Cash Flow” means, with respect to any Person for any period, (a) Consolidated EBITDA of such Person and its Subsidiaries for such
    period, less (b) the sum of, without duplication, (i) all cash principal payments (excluding any principal payments made pursuant to Section 2.05(b) or SectionSection 2.05(c)) on the Loans made during such period (but, in the case of the Revolving
    Loans, only to the extent that the Total Revolving Credit Commitment is permanently reduced by the amount of such payments), and all cash principal payments on Indebtedness (other than Indebtedness incurred under this Agreement) of such Person or any
    of its Subsidiaries during such period to the extent such other Indebtedness is permitted to be incurred, and such payments are permitted to be made, under this Agreement (but, in the case of revolving loans, only to the extent that the revolving
    credit commitment in respect thereof is permanently reduced by the amount of such payments), (ii) all Consolidated Net Interest Expense to the extent paid or payable in cash during such period, (iii) the cash portion of Capital Expenditures made by
    such Person and its Subsidiaries during such period to the extent permitted to be made under this Agreement (excluding Capital Expenditures to the extent financed through the incurrence of Indebtedness or through an Equity Issuance), (iv) all scheduled
    loan servicing fees and other similar fees in respect of Indebtedness of such Person or any of its Subsidiaries paid in cash during such period, to the extent such Indebtedness is permitted to be incurred, and such payments are permitted to be made,
    under this Agreement, (v) income taxes paid in cash by such Person and its Subsidiaries for such period, (vi) all cash expenses, cash charges, cash losses and other cash items that were added back in the determination of Consolidated EBITDA for such
    period and (vii) the excess, if any, of Working Capital at the end of such period over Working Capital at the beginning of such period (or minus the excess, if any, of Working Capital at the beginning of such period over Working Capital at the end of
    such period).

   

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

   

  “Excluded Account” means (a) any deposit account specifically and exclusively used for payroll, payroll taxes and other employee wage and
    benefit payments to or for the benefit of any Loan Party’s employees and (b) any Petty Cash Accounts.

   

  “Excluded Equity Issuance” means (a) in the event that the Ultimate Parent or any of its Subsidiaries forms any Subsidiary in accordance with
    this Agreement, the issuance by such Subsidiary of Equity Interests to the Ultimate Parent or such Subsidiary, as applicable, (b) the issuance of Equity Interests by the Ultimate Parent to any Person that is an equity holder of the Ultimate Parent
    prior to such issuance (an “Equity Holder”) so long as such Equity Holder did not acquire any Equity Interests of the Ultimate Parent so as to become an Equity Holder concurrently with, or in contemplation of, the issuance of such Equity
    Interests to such Equity Holder, (c) the issuance of Permitted Cure Equity, (d) the issuance of Equity Interests of the Ultimate Parent to directors, officers and employees of the Ultimate Parent and its Subsidiaries pursuant to employee stock option
    plans (or other employee incentive plans or other compensation arrangements) approved by the Board of Directors of the Parent, (e) the issuance of Equity Interests of the Ultimate Parent in order to finance the purchase consideration (or a portion
    thereof) in connection with a Permitted Acquisition, (f) the issuance of up to 30% in the aggregate of the Equity Interests in ClinActiv Technology Limited or ClinActiv(US) LLC to any Person on terms and conditions reasonably acceptable to the
    Collateral Agent and (g) the issuance of Equity Interests by a Subsidiary of the Ultimate Parent to its parent or member in connection with the contribution by such parent or member to such Subsidiary of the proceeds of an issuance described in clauses
    (a) – (e) above.

  
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  “Excluded Subsidiary” means (a) any Immaterial Subsidiary and (b) any Foreign Subsidiary with respect to which, in the reasonable judgment of
    the Collateral Agent, the cost of providing a Guaranty (including the incurrence of any material adverse tax consequences) shall be excessive in view of the benefits to be obtained by the Secured Parties therefrom; provided that immediately
    upon the occurrence of any event or circumstance whereby any such Subsidiary described in clause (a) or clause (b) above no longer meets the criteria of an “Excluded Subsidiary” as set forth herein, such Subsidiary shall not be an Excluded Subsidiary
    and shall execute and deliver the agreements, instruments and other documents required by Section 7.01(b) in accordance with the terms thereof.

   

  “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 not to constitute an “eligible contract participant” as defined in the Commodity Exchange Act at the time the
    guarantee of such Guarantor becomes effective with respect to such related Swap Obligation.

   

  “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 or Commitment pursuant to a law in effect on the date on which (i) such Lender acquires such interest in the Loan or Commitment or
    (ii) such Lender changes its lending office, except in each case to the extent that, pursuant to Section 2.09, amounts with respect to such Taxes were payable either to such Lender’s assignor immediately before such Lender became a party hereto or to
    such Lender immediately before it changed its lending office, (c) Taxes attributable to such Recipient’s failure to comply with Section 2.09(d) and (d) any U.S. federal withholding Taxes imposed under FATCA.

   

  “Executive Order No. 13224” means the Executive Order No. 13224 on Terrorist Financing, effective September 24, 2001, as the same has been,
    or shall hereafter be, renewed, extended, amended or replaced.

   

  “Existing Credit Facility” means that certain Amended and Restated Credit Agreement, dated as of November 9, 2020 by and among the Ultimate
    Parent, the Parent, the Borrower, the other Subsidiaries party thereto as guarantors, the lenders who are party thereto and Wells Fargo Bank, National Association as administrative agent for such lenders.

  
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  “Existing Lenders” means the lenders party to the Existing Credit Facility.

   

  “Extraordinary Receipts” means any cash received by the Ultimate Parent or any of its Subsidiaries not in the ordinary course of business
    (and not consisting of proceeds described in Section 2.05(c)(ii) or (iii)), including, without limitation, (a) foreign, United States, state or local tax refunds, (b) pension plan reversions, (c) proceeds of insurance (other than to the extent such
    insurance proceeds are (i) immediately payable to a Person that is not the Ultimate Parent or any of its Subsidiaries in accordance with applicable Requirements of Law or with Contractual Obligations entered into in the ordinary course of business or
    (ii) received by the Ultimate Parent or any of its Subsidiaries as reimbursement for any out-of-pocket costs incurred or made by such Person prior to the receipt thereof directly related to the event resulting from the payment of such proceeds), (d)
    judgments, proceeds of settlements or other consideration of any kind in connection with any cause of action, (e) condemnation awards (and payments in lieu thereof), (f) indemnity payments (other than to the extent such indemnity payments are (i)
    immediately payable to a Person that is not an Affiliate of the Ultimate Parent or any of its Subsidiaries, or (ii) received by the Ultimate Parent or any of its Subsidiaries as reimbursement for any costs previously incurred or any payment previously
    made by such Person) and (g) any purchase price adjustment received in connection with any purchase agreement.

   

  “Facility” means the owned real property identified on Schedule 1.01(B) and any New Facility hereafter acquired by the Ultimate Parent or any
    of its Subsidiaries, including, without limitation, the land on which each such facility is located, all buildings and other improvements thereon, and all fixtures located thereat or used in connection therewith.

   

  “FASB ASC” means the Accounting Standards Codification of the Financial Accounting Standards Board.

   

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

   

  “FCPA” has the meaning specified therefor in the definition of Anti-Corruption Laws.

   

  “Federal Funds Rate” means, for any period, a fluctuating interest rate per annum equal to, for each day during such period, the weighted
    average of the rates on overnight federal funds transactions with members of the Federal Reserve System, as published on the next succeeding Business Day by the Federal Reserve Bank of New York, or, if such rate is not so published for any day which is
    a Business Day, the average of the quotations for such day on such transactions received by the Administrative Agent from three federal funds brokers of recognized standing selected by it.

   

  “Fee Letter” means that certain Fee Letter, dated as of the date hereof, by and between the Administrative Borrower and the Administrative
    Agent.

   

  “Final Maturity Date” means March 16, 2026; provided that if such day is not a Business Day, then the Final Maturity Date will be the
    immediately preceding Business Day.

  
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  “Financial Statements” means (a) the audited consolidated balance sheet of the Parent and its Subsidiaries for the Fiscal Year ended December
    31, 2019, and the related consolidated statement of operations, shareholders’ equity and cash flows for the Fiscal Year then ended, (b) the unaudited consolidated balance sheet of the Parent and its Subsidiaries for the 12 months ended December 31,
    2020, and the related consolidated statement of operations, shareholder’s equity and cash flows for the 12 months then ended and (c) the unaudited consolidated balance sheet of the Parent and its Subsidiaries for the 1 month ended January 31, 2021, and
    the related consolidated statement of operations, shareholder’s equity and cash flows for the 1 month then ended.

   

  “Fiscal Year” means the fiscal year of the Ultimate Parent and its Subsidiaries ending on December 31 of each year.

   

  “Fixed Charge Coverage Ratio” means, with respect to any Person for any period, the ratio of (a) the result of (i) Consolidated EBITDA of
    such Person and its Subsidiaries for such period minus (ii) Capital Expenditures made by such Person and its Subsidiaries during such period, to (b) the sum of (i)  all principal of Indebtedness of such
    Person and its Subsidiaries scheduled to be paid or prepaid during such period to the extent there is an equivalent permanent reduction in the commitments thereunder plus (ii)  Consolidated Net Interest
    Expense of such Person and its Subsidiaries for such period plus (iii) income taxes paid or payable by such Person and its Subsidiaries during such period plus (iv) cash dividends or distributions paid, or the purchase, redemption or
    other acquisition or retirement for value (including in connection with any merger or consolidation), by such Person or any of its Subsidiaries, in respect of the Equity Interests of such Person or any of its Subsidiaries (other than dividends or
    distributions paid by a Loan Party to any other Loan Party) during such period.

   

  “Foreign Lender” has the meaning specified therefor in Section 2.09(d)(ii)(B).

   

  “Foreign Loan Party” means any Loan Party that is not a Domestic Loan Party.

   

  “Foreign Plan” means any employee benefit plan, program, policy, arrangement or agreement maintained, sponsored or contributed to, or for
    which there is an obligation to contribute to, by any Loan Party or any of its ERISA Affiliates that is subject to any Requirements of Laws other than, or in addition to, the laws of the United States or any state thereof or the laws of the District of
    Columbia.

   

  “Foreign Plan Event” means, with respect to any Foreign Plan, (a) the existence of unfunded liabilities in excess of the amount permitted
    under any Requirement of Law, or in excess of the amount that would be permitted absent a waiver from a Governmental Authority, (b) the failure to make any required contribution or payment under any Requirement of Law within the time permitted by any
    Requirement of Law for such contributions or payments, (c) the receipt of a notice from a Governmental Authority relating to the intention to terminate any such Foreign Plan or to appoint a trustee or similar official to administer any such Foreign
    Plan, or alleging the insolvency of any such Foreign Plan, (d) the incurrence of any liability by any Loan Party or any Subsidiary under any law on account of the complete or partial termination of such Foreign Plan or the complete or partial
    withdrawal of any participating employer therein, or (e) the occurrence of any transaction with respect to a Foreign Plan that is prohibited under any Requirement of Law and that could reasonably be expected to result in the incurrence of any liability
    by any Loan Party or any Subsidiary, or the imposition on any Loan Party or any Subsidiary of any fine, excise tax or penalty with respect to a Foreign Plan resulting from any noncompliance with any Requirement of Law.

   

  “Foreign Sovereign Immunities Act” means the US Foreign Sovereign Immunities Act of 1976 (28 U.S.C. Sections 1602-1611), as amended.

   

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

  
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  “Funding Losses” has the meaning specified therefor in Section 2.08.

   

  “GAAP” means generally accepted accounting principles in effect from time to time in the United States, applied on a consistent basis,
    provided that for the purpose of Section 7.03 and the definitions used therein, “GAAP” shall mean generally accepted accounting principles in effect on the date hereof and consistent with those used in the preparation of the Financial Statements,
    provided further that if there occurs after the date of this Agreement any change in GAAP that affects in any respect the calculation of any covenant contained in Section 7.03, the Collateral Agent and the Administrative Borrower shall negotiate in
    good faith amendments to the provisions of this Agreement that relate to the calculation of such covenant with the intent of having the respective positions of the Lenders and the Borrowers after such change in GAAP conform as nearly as possible to
    their respective positions as of the date of this Agreement and, until any such amendments have been agreed upon, the covenants in Section 7.03 shall be calculated as if no such change in GAAP has occurred.

   

  “Governing Documents” means, (a) with respect to any corporation, the certificate or articles of incorporation and the bylaws (or equivalent
    or comparable constitutive documents with respect to any non-U.S. jurisdiction); (b) with respect to any limited liability company, the certificate or articles of formation or organization, articles of association and the operating agreement; (c) with
    respect to any partnership, joint venture, trust or other form of business entity, the partnership, joint venture, declaration or other applicable agreement or documentation evidencing or otherwise relating to its formation or organization, governance
    and capitalization; and (d) with respect to any of the entities described above, any other agreement, instrument, filing or notice with respect thereto filed in connection with its formation or organization with the applicable Governmental Authority in
    the jurisdiction of its formation or organization.

   

  “Governmental Authority” means any nation or government, any foreign, federal, state, territory, provincial, city, town, municipality,
    county, local or other political subdivision thereof or thereto and any department, commission, board, bureau, instrumentality, agency or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative powers or functions
    of or pertaining to government (including any supra-national bodies such as the European Union or the European Central Bank).

   

  “Guaranteed Obligations” has the meaning specified therefor in Section 11.01.

   

  “Guarantor” means (a) the Ultimate Parent, the Parent and each Subsidiary of the Ultimate Parent listed as a “Guarantor” on the signature
    pages hereto, and (b) each other Person which guarantees, pursuant to Section 7.01(b) or otherwise, all or any part of the Obligations.

   

  “Guaranty” means (a) the guaranty of each Guarantor party hereto contained in Article XI and (b) each other guaranty, in form and substance
    satisfactory to the Collateral Agent, made by any other Guarantor in favor of the Collateral Agent for the benefit of the Agents and the Lenders guaranteeing all or part of the Obligations.

   

  “Hazardous Material” means any element, material, substance, waste, compound or chemical that is defined, listed or otherwise classified as a
    contaminant, pollutant, toxic or hazardous substance, hazardous waste, universal waste, special waste, or solid waste or is otherwise characterized by words of similar import under any Environmental Law or that is regulated under, or for which
    liability or standards of care are imposed, pursuant to any Environmental Law, including, without limitation, petroleum, polychlorinated biphenyls; asbestos-containing materials, lead or lead-containing materials, urea formaldehyde-containing
    materials, radioactive materials, radon, per- and polyfluoroalkyl substances and mold.

  
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  “Health Care Claim” means any action, suit, complaint, summons, citation, notice, directive, order, claim, litigation, investigation,
    judicial or administrative proceeding, judgment, letter or other communication, from any Person or Governmental Authority relating to or arising out of any threatened, alleged or actual (a) violation of, non-compliance with, or liability under, any
    Health Care Law, or (b) the manufacture, use, handling, processing, distribution, labeling, generation, transportation, or storage of cosmetic products.

   

  “Health Care Law” means any of the following: the Federal Health Care Program Anti-Kickback Statute, 42 U.S.C. § 1320a-7b(b); the False
    Claims Act, 31 U.S.C. §§ 3729-3733; the Program Fraud Civil Remedies Act, 31 U.S.C. §§ 3801-3812; the Anti-Kickback Act of 1986, 41 U.S.C. §§ 51-58; the Civil Monetary Penalties Law, 42 U.S.C. §§ 1320a-7a and 1320a-7b; the Federal Health Care Program
    Exclusion Laws, 42 U.S.C. § 1320a-7; 42 U.S.C. §§ 1320d through 1320d-8 and 42 C.F.R. §§ 160, 162 and 164, which are commonly referred to as “HIPAA;” any federal, state or local Law that regulates either the research, investigation, manufacturing,
    promotion or distribution of cosmetic products; any state or local Law regulating the interactions with health care professionals and reporting thereof; all applicable federal, state or local laws, statutes, rules, regulations and orders relating to
    the use, handling, storage, packaging, licensing, labeling, distribution, marketing, advertising or sale of cosmetic products, including the U.S. Federal Food, Drug and Cosmetic Act (“FDCA”), regulations of the FDA, guidance documents issued by the
    FDA, and all similar applicable laws, statues, rules, regulations and orders in each jurisdiction where cosmetic products are sold.

   

  “Health Care Liability” means all liabilities (contingent or otherwise, known or unknown), monetary obligations, losses (including monies
    paid in settlement), damages, natural resource damages, costs and expenses (including all reasonable fees, costs, client charges and expenses of counsel, experts and consultants), fines, penalties, sanctions and interest arising directly or indirectly
    as a result of, from, or based upon (a) any Health Care Claim, or (b) any actual, alleged or threatened violation of or non-compliance with any Health Care Law or Health Care Permit).

   

  “Health Care Permit” means all necessary approvals, permits, licenses, registrations, listings or authorizations of any Governmental
    Authority, necessary for the research, development, manufacture, distribution, use, storage, import, export, transport, marketing, promotion and sale of any cosmetic product in a given country or regulatory jurisdiction.

   

  “Hedging Agreement” means any interest rate, foreign currency, commodity or equity swap, collar, cap, floor or forward rate agreement, or
    other agreement or arrangement designed to protect against fluctuations in interest rates or currency, commodity or equity values (including, without limitation, any option with respect to any of the foregoing and any combination of the foregoing
    agreements or arrangements), and any confirmation executed in connection with any such agreement or arrangement.

   

  “Highest Lawful Rate” means, with respect to any Agent or any Lender, the maximum non-usurious interest rate, if any, that at any time or
    from time to time may be contracted for, taken, reserved, charged or received on the Obligations under laws applicable to such Agent or such Lender which are currently in effect or, to the extent allowed by law, under such applicable laws which may
    hereafter be in effect and which allow a higher maximum non-usurious interest rate than applicable laws now allow.

   

  “Holdout Lender” has the meaning specified therefor in Section 12.02(c).

  
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  “Immaterial Subsidiary” means any direct or indirect Subsidiary of the Ultimate Parent that (a) as of the date of the most recent financial
    statements required to be delivered pursuant to Section 7.01(a)(ii) or Section 7.01(a)(iii), does not have, individually, (i) assets in excess of 2.5% of the Loan Parties and their Subsidiaries’ consolidated total assets or (ii) revenues for the period
    of four consecutive fiscal quarters ending on such date in excess of 2.5% of the combined revenues of the Loan Parties and their Subsidiaries for such period, (b) as of the date of the most recent financial statements required to be delivered pursuant
    to Section 7.01(a)(ii) or Section 7.01(a)(iii), does not have, when taken together with all other Immaterial Subsidiaries, (i) assets in excess of 7.5% of the Loan Parties and their Subsidiaries’ consolidated total assets or (ii) revenues for the
    period of four consecutive fiscal quarters ending on such date in excess of 7.5% of the combined revenues of the Loan Parties and their Subsidiaries for such period, and (c) has been designated in writing by the Administrative Borrower to the Agents as
    an Immaterial Subsidiary. If at any time and from time to time after the Effective Date, Immaterial Subsidiaries comprise in the aggregate more than 7.5% of the Loan Parties and their Subsidiaries’ consolidated total assets or more than 7.5% of the
    combined revenues of the Loan Parties and their Subsidiaries, in each case, as of the date of the most recent financial statements required to be delivered pursuant to Section 7.01(a)(ii) or Section 7.01(a)(iii), then the Loan Parties shall, not later
    than 10 days after the date by which financial statements for such period are required to be delivered (or such longer period as the Administrative Agent may agree in its sole discretion), designate in writing to the Administrative Agent that one or
    more of such Subsidiaries is no longer an Immaterial Subsidiary for purposes of this Agreement to the extent required such that the foregoing condition ceases to be true. As of the Effective Date, the Immaterial Subsidiaries are listed on Schedule
    1.01(C).

   

  “Indebtedness” means, with respect to any Person, without duplication, (a) all indebtedness of such Person for borrowed money; (b) all
    obligations of such Person for the deferred purchase price of property or services (other than trade payables or other accounts payable incurred in the ordinary course of such Person’s business and not outstanding for more than 90 days after the date
    such payable was created and any earn-out, purchase price adjustment or similar obligation until such obligation appears in the liabilities section of the balance sheet of such Person); (c) all obligations of such Person evidenced by bonds, debentures,
    notes or other similar instruments or upon which interest payments are customarily made; (d) all reimbursement, payment or other obligations and liabilities of such Person created or arising under any conditional sales or other title retention
    agreement with respect to property used and/or acquired by such Person, even though the rights and remedies of the lessor, seller and/or lender thereunder may be limited to repossession or sale of such property; (e) all Capitalized Lease Obligations of
    such Person; (f) all obligations and liabilities, contingent or otherwise, of such Person, in respect of letters of credit, acceptances and similar facilities; (g) all obligations and liabilities, calculated on a basis satisfactory to the Collateral
    Agent and in accordance with accepted practice, of such Person under Hedging Agreements; (h) all monetary obligations under any receivables factoring, receivable sales or similar transactions and all monetary obligations under any synthetic lease, tax
    ownership/operating lease, off-balance sheet financing or similar financing; (i) all Contingent Obligations; (j) all Disqualified Equity Interests; and (k) all obligations referred to in clauses (a) through (j) of this definition of another Person
    secured by (or for which the holder of such Indebtedness has an existing right, contingent or otherwise, to be secured by) a Lien upon property owned by such Person, even though such Person has not assumed or become liable for the payment of such
    Indebtedness. The Indebtedness of any Person shall include the Indebtedness of any partnership of or joint venture in which such Person is a general partner or a joint venturer.

   

  “Indemnified Matters” has the meaning specified therefor in Section 12.15.

   

  “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 clause (a), Other Taxes.

  
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  “Indemnitees” has the meaning specified therefor in Section 12.15.

   

  “Insolvency Proceeding” means any proceeding commenced by or against any Person under any provision of any Debtor Relief Law.

   

  “Intellectual Property” has the meaning specified therefor in the Security Agreement.

   

  “Intellectual Property Contracts” means all agreements concerning Intellectual Property, including without limitation license agreements,
    technology consulting agreements, confidentiality agreements, co-existence agreements, consent agreements and non-assertion agreements.

   

  “Intercompany Subordination Agreement” means an Intercompany Subordination Agreement made by the Parent and its Subsidiaries in favor of the
    Collateral Agent for the benefit of the Agents and the Lenders, in form and substance reasonably satisfactory to the Collateral Agent.

   

  “Interest Period” means, with respect to each LIBOR Rate Loan, a period commencing on the date of the making of such LIBOR Rate Loan (or the
    continuation of a LIBOR Rate Loan or the conversion of a Reference Rate Loan to a LIBOR Rate Loan) and ending one, two or three months thereafter; provided, however, that (a) if any Interest Period would end on a day that is not a Business Day, such
    Interest Period shall be extended (subject to clauses (c) -(e) below) to the next succeeding Business Day, (b) interest shall accrue at the applicable rate based upon the LIBOR Rate from and including the first day of each Interest Period to, but
    excluding, the day on which any Interest Period expires, (c) any Interest Period that would end on a day that is not a Business Day shall be extended to the next succeeding Business Day unless such Business Day falls in another calendar month, in which
    case such Interest Period shall end on the next preceding Business Day, (d) with respect to an Interest Period that begins on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the calendar
    month at the end of such Interest Period), the Interest Period shall end on the last Business Day of the calendar month that is one, two or three months after the date on which the Interest Period began, as applicable, and (e) the Borrowers may not
    elect an Interest Period that will end after the Final Maturity Date.

   

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

   

  “Inventory” means, with respect to any Person, all goods and merchandise of such Person leased or held for sale or lease by such Person,
    including, without limitation, all raw materials, work-in-process and finished goods, and all packaging, supplies and materials of every nature used or usable in connection with the shipping, storing, advertising or sale of such goods and merchandise,
    whether now owned or hereafter acquired, and all such other property the sale or other disposition of which would give rise to an Account or cash.

   

  “Investment” means, with respect to any Person, (a) any investment by such Person in any other Person (including Affiliates) in the form of
    loans, guarantees, advances or other extensions of credit (excluding Accounts arising in the ordinary course of business), capital contributions or acquisitions of Indebtedness (including, any bonds, notes, debentures or other debt securities), Equity
    Interests, or all or substantially all of the assets of such other Person (or of any division or business line of such other Person), (b) the purchase or ownership of any futures contract or liability for the purchase or sale of currency or other
    commodities at a future date in the nature of a futures contract, or (c) any investment in any other items that are or would be classified as investments on a balance sheet of such Person prepared in accordance with GAAP.

  
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  “Joinder Agreement” means a Joinder Agreement, substantially in the form of Exhibit A hereto, duly executed by a Subsidiary of a Loan Party
    made a party hereto pursuant to Section 7.01(b).

   

  “Lease” means any lease, sublease or license of, or other agreement granting a possessory interest in, real property to which any Loan Party
    or any of its Subsidiaries is a party as lessor, lessee, sublessor, sublessee, licensor or licensee.

   

  “Lender” has the meaning specified therefor in the preamble.

   

  “Leverage Ratio” means, with respect to any Person and its Subsidiaries for any period, the ratio of (a) all Indebtedness described in
    clauses (a), (b), (c), (d), (e) and (f) in the definition thereof of such Person and its Subsidiaries as of the end of such period to (b) Consolidated EBITDA of such Person and its Subsidiaries for such period.

   

  “LIBOR” means, with respect to any LIBOR Rate Loan for any Interest Period, the London interbank offered rate as calculated by the ICE
    Benchmark Administration (or any other Person that takes over the administration of such rate) and obtained through a nationally recognized service such as Bloomberg (or 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; in each case, the “Screen Rate”), or a comparable or successor rate that has
    been approved by the Administrative Agent, at approximately 11:00 a.m., London time, two Business Days prior to the commencement of such Interest Period; provided that, if the Screen Rate shall not be available at such time for such Interest Period (an
    “Impacted Interest Period”) with respect to Dollars, then the LIBOR Rate shall be the Interpolated Rate at such time. “Interpolated Rate” means, at any time, the rate per annum 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 Screen Rate for the longest period (for which that Screen Rate is available in Dollars) that is shorter
    than the Impacted Interest Period and (b) the Screen Rate for the shortest period (for which that Screen Rate is available for Dollars) that exceeds the Impacted Interest Period, in each case, at such time. Notwithstanding anything herein to the
    contrary, if “LIBOR” shall be less than zero, such rate shall be deemed to be zero for purposes of this Agreement.

   

  “LIBOR Deadline” has the meaning specified therefor in Section 2.07(a).

   

  “LIBOR Notice” means a written notice substantially in the form of Exhibit D hereto.

   

  “LIBOR Option” has the meaning specified therefor in Section 2.07(a).

   

  “LIBOR Rate” means, for each Interest Period for each LIBOR Rate Loan, the greater of (a)  the rate per
    annum determined by the Administrative Agent (rounded upwards if necessary, to the next 1/100%) by dividing (i) LIBOR for such Interest Period by (ii) 100% minus the Reserve Percentage and (b)  1.00% per annum. The
    LIBOR Rate shall be adjusted on and as of the effective day of any change in the Reserve Percentage.

   

  “LIBOR Rate Loan” means each portion of a Loan that bears interest at a rate determined by reference to the LIBOR Rate.

   

  “Lien” means any mortgage, deed of trust, deed to secure debt, pledge, lien (statutory or otherwise), security interest, charge or other
    encumbrance or security or preferential arrangement of any nature, including, without limitation, any conditional sale or title retention arrangement, any Capitalized Lease and any assignment, deposit arrangement or financing lease intended as, or
    having the effect of, security.

  
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  “Loan” means the Term Loan or any Revolving Loan made by an Agent or a Lender to the Borrowers pursuant to Article II.

   

  “Loan Account” means an account maintained hereunder by the Administrative Agent on its books of account at the Payment Office, and with
    respect to the Borrowers, in which the Borrowers will be charged with all Loans made to, and all other Obligations incurred by, the Borrowers.

   

  “Loan Document” means this Agreement, any Control Agreement, the Disbursement Letter, the Fee Letter, any Guaranty, the Intercompany
    Subordination Agreement, any Joinder Agreement, any Mortgage, any Security Agreement, any UCC Filing Authorization Letter, any landlord waiver, any collateral access agreement, any Perfection Certificate, any collateral assignment and any other
    agreement, instrument, certificate, report and other document executed and delivered pursuant hereto or thereto or otherwise evidencing or securing any Loan or any other Obligation.

   

  “Loan Party” means any Borrower and any Guarantor.

   

  “Material Adverse Effect” means a material adverse effect on any of (a) the operations, assets, liabilities or financial condition of the
    Loan Parties taken as a whole, (b) the ability of the Loan Parties taken as a whole to perform any of their obligations under any Loan Document, (c) the legality, validity or enforceability of this Agreement or any other Loan Document, (d) the rights
    and remedies of any Agent or any Lender under any Loan Document, or (e) the validity, perfection or priority of a Lien in favor of the Collateral Agent for the benefit of the Agents and the Lenders on Collateral having a fair market value in excess of
    $5,000,000.

   

  “Material Contract” means, with respect to any Person, (a) any Specified Material Contract, (b) each contract or agreement to which such
    Person or any of its Subsidiaries is a party involving aggregate consideration payable to or by such Person or such Subsidiary of $5,000,000 or more in any Fiscal Year (other than purchase orders in the ordinary course of the business of such Person or
    such Subsidiary and other than contracts that by their terms may be terminated by such Person or Subsidiary in the ordinary course of its business upon less than 90 days’ notice without penalty or premium) and (c) all other contracts or agreements as
    to which the breach, nonperformance, cancellation or failure to renew by any party thereto could reasonably be expected to have a Material Adverse Effect.

   

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

   

  “Mortgage” means a mortgage (including, without limitation, a leasehold mortgage), deed of trust or deed to secure debt, in form and
    substance satisfactory to the Collateral Agent, made by a Loan Party in favor of the Collateral Agent for the benefit of the Agents and the Lenders, securing the Obligations and delivered to the Collateral Agent.

   

  “Multiemployer Plan” means a “multiemployer plan” as defined in Section 4001(a)(3) of ERISA to which any Loan Party or any of its ERISA
    Affiliates has contributed, or has been obligated to contribute, to at any time during the preceding six calendar years.

  
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  “Net Cash Proceeds” means, with respect to, any issuance or incurrence of any Indebtedness, any Equity Issuance, any Disposition or the
    receipt of any Extraordinary Receipts by any Person or any of its Subsidiaries, the aggregate amount of cash received (directly or indirectly) from time to time (whether as initial consideration or through the payment or disposition of deferred
    consideration) by or on behalf of such Person or such Subsidiary, in connection therewith after deducting therefrom only (a) in the case of any Disposition or the receipt of any Extraordinary Receipts consisting of insurance proceeds or condemnation
    awards, the amount of any Indebtedness secured by any Permitted Lien on any asset (other than Indebtedness assumed by the purchaser of such asset) which is required to be, and is, repaid in connection therewith (other than Indebtedness under this
    Agreement), (b) reasonable expenses related thereto incurred by such Person or such Subsidiary in connection therewith, (c) transfer taxes paid to any taxing authorities by such Person or such Subsidiary in connection therewith, and (d) net income
    taxes to be paid or estimated to be payable in connection therewith (after taking into account any tax credits or deductions and any tax sharing arrangements, and provided, that, if such estimated taxes exceed the amount of actual taxes required to be
    paid in cash, the amount of such excess shall constitute Net Cash Proceeds), in each case, to the extent, but only to the extent, that the amounts so deducted are (i) actually paid to a Person that, except in the case of reasonable out-of-pocket
    expenses, is not an Affiliate of such Person or any of its Subsidiaries and (ii) properly attributable to such transaction or to the asset that is the subject thereof.

   

  “New Facility” has the meaning specified therefor in Section 7.01(m).

   

  “New Lending Office” has the meaning specified therefor in Section 2.09(d).

   

  “Non-U.S. Lender” has the meaning specified therefor in Section 2.09(d).

   

  “Notice of Borrowing” has the meaning specified therefor in Section 2.02(a).

   

  “Obligations” means all present and future indebtedness, obligations, and liabilities of each Loan Party to the Agents and the Lenders
    arising under or in connection with this Agreement or any other Loan Document, whether or not the right of payment in respect of such claim is reduced to judgment, liquidated, unliquidated, fixed, contingent, matured, disputed, undisputed, legal,
    equitable, secured, unsecured, and whether or not such claim is discharged, stayed or otherwise affected by any proceeding referred to in Section 9.01. Without limiting the generality of the foregoing, the Obligations of each Loan Party under the Loan
    Documents include (a) the obligation (irrespective of whether a claim therefor is allowed in an Insolvency Proceeding) to pay principal, interest, charges, expenses, fees, premiums (including the Applicable Premium), attorneys’ fees and disbursements,
    indemnities and other amounts payable by such Person under the Loan Documents, and (b) the obligation of such Person to reimburse any amount in respect of any of the foregoing that any Agent or any Lender (in its sole discretion) may elect to pay or
    advance on behalf of such Person. Notwithstanding any of the foregoing, Obligations shall not include any Excluded Swap Obligations.

   

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

   

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

   

  “Other Taxes” means all present or future stamp, court or documentary, 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.

  
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  “Parent” has the meaning specified therefor in the preamble.

   

  “Participant Register” has the meaning specified therefor in Section 12.07(i).

   

  “Payment Office” means the Administrative Agent’s office located at 1251 Avenue of the Americas, Suite 4700, New York, New York 10020, or at
    such other office or offices of the Administrative Agent as may be designated in writing from time to time by the Administrative Agent to the Collateral Agent and the Administrative Borrower.

   

  “PBGC” means the Pension Benefit Guaranty Corporation or any successor thereto.

   

  “Pension Plan” means an Employee Plan that is subject to Section 412 of the Internal Revenue Code, Section 302 of ERISA or Title IV of ERISA
    and maintained, sponsored or contributed to, or for which there is an obligation to contribute to, by any Loan Party or any of its ERISA Affiliates at any time during the preceding six calendar years.

   

  “Perfection Certificate “ means a certificate in form and substance satisfactory to the Collateral Agent providing information with respect
    to the property of each Loan Party.

   

  “Permitted Acquisition” means any Acquisition by the Ultimate Parent or any Subsidiary of the Ultimate Parent that is a Loan Party to the
    extent that each of the following conditions shall have been satisfied:

   

  (a)

  no Default or Event of Default
    shall have occurred and be continuing or would result from the consummation of the proposed Acquisition;

   

  (b)

  to the extent the Acquisition
    will be financed in whole or in part with the proceeds of any Loan, the conditions set forth in Section 5.02 shall have been satisfied;

   

  (c)

  the Borrowers shall have
    furnished to the Agents at least ten Business Days prior to the consummation of such Acquisition (i) an executed term sheet and/or commitment letter (setting forth in reasonable detail the terms and conditions of such Acquisition) and, at the request
    of any Agent, such other information and documents that any Agent may request, including, without limitation, executed counterparts of the respective agreements, instruments or other documents pursuant to which such Acquisition is to be consummated
    (including, without limitation, any related management, non-compete, employment, option or other material agreements), any schedules to such agreements, instruments or other documents and all other material ancillary agreements, instruments or other
    documents to be executed or delivered in connection therewith, (ii) pro forma financial statements of the Ultimate Parent and its Subsidiaries after the consummation of such Acquisition, (iii) a certificate of the chief financial officer of the
    Ultimate Parent, demonstrating on a pro forma basis compliance, as of the end of the most recently ended fiscal quarter for which internally prepared financial statements were required to be delivered pursuant to the terms herein, with all covenants
    set forth in Section 7.03 after the consummation of such Acquisition, (iv) a certificate of the chief financial officer of the Ultimate Parent, demonstrating on a pro forma basis, as of the end of the most recently ended fiscal quarter for which
    internally prepared financial statements were required to be delivered pursuant to the terms herein, that the Leverage Ratio of the Ultimate Parent and its Subsidiaries for the 4 consecutive fiscal quarters of the Ultimate Parent and its Subsidiaries
    then ended does not exceed 4.00 to 1.00 after the consummation of such Acquisition and (v) copies of such other agreements, instruments or other documents as any Agent shall reasonably request;

  
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  (d)

  the agreements, instruments and
    other documents referred to in paragraph (c) above shall provide that (i) neither the Loan Parties nor any of their Subsidiaries shall, in connection with such Acquisition, assume or remain liable in respect of any Indebtedness of the Seller or Sellers
    (except for Permitted Indebtedness), and (ii) all property to be so acquired in connection with such Acquisition shall be free and clear of any and all Liens, except for Permitted Liens (and if any such property is subject to any Lien not permitted by
    this clause (ii) then concurrently with such Acquisition such Lien shall be released);

   

  (e)

  such Acquisition shall be
    effected in such a manner so that the acquired assets or Equity Interests are owned either by a Loan Party or a wholly-owned Subsidiary of a Loan Party and, if effected by merger or consolidation involving a Loan Party, such Loan Party shall be the
    continuing or surviving Person;

   

  (f)

  the Borrowers shall have Excess
    Availability plus Qualified Cash in an amount equal to or greater than $20,000,000 immediately after giving effect to the consummation of the proposed Acquisition;

   

  (g)

  the assets being acquired or the
    Person whose Equity Interests are being acquired did not have negative Consolidated EBITDA during the 12-consecutive-month period most recently concluded prior to the date of the proposed Acquisition;

   

  (h)

  the assets being acquired (other
    than a de minimis amount of assets in relation to the Loan Parties and their Subsidiaries’ total assets), or the Person whose Equity Interests are being acquired, are useful in or engaged in, as applicable, the business of the Loan Parties and their
    Subsidiaries or a business reasonably related thereto;

   

  (i)

  the assets being acquired (other
    than a de minimis amount of assets in relation to the assets being acquired) are located within the United States or the Person whose Equity Interests are being acquired is organized in a jurisdiction located within the United States;

   

  (j)

  such Acquisition shall be
    consensual and shall have been approved by the board of directors of the Person whose Equity Interests or assets are proposed to be acquired and shall not have been preceded by an unsolicited tender offer for such Equity Interests by, or proxy contest
    initiated by, Ultimate Parent or any of its Subsidiaries or an Affiliate thereof;

   

  (k)

  any such Subsidiary (and its
    equityholders) shall execute and deliver the agreements, instruments and other documents required by Section 7.01(b) within 10 days of the date of the consummation of such Acquisition; and

   

  (l)

  the Purchase Price (i) payable
    in respect of any single Acquisition shall not exceed $10,000,000 and (ii) payable in respect of all Acquisitions (including the proposed Acquisition) shall not exceed $25,000,000 in the aggregate during the term of this Agreement.

   

  “Permitted Cure Equity” means Qualified Equity Interests of the Parent.

   

  “Permitted Disposition” means:

   

  (a)

  sale of Inventory in the
    ordinary course of business;

   

  (b)

  licensing, on a non-exclusive
    basis, Intellectual Property rights in the ordinary course of business;

   

  (c)

  leasing or subleasing assets in
    the ordinary course of business;

  
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  (d)

  (i) the lapse of Registered
    Intellectual Property of the Parent and its Subsidiaries to the extent not economically desirable in the conduct of their business or (ii) the abandonment of Intellectual Property rights in the ordinary course of business so long as (in each, case
    under clauses (i) and (ii)), (A) with respect to copyrights, such copyrights are not material revenue generating copyrights, and (B)  such lapse is not materially adverse to the interests of the Secured Parties;

   

  (e)

  any involuntary loss, damage or
    destruction of property;

   

  (f)

  any involuntary condemnation,
    seizure or taking, by exercise of the power of eminent domain or otherwise, or confiscation or requisition of use of property;

   

  (g)

  so long as no Event of Default
    has occurred and is continuing or would result therefrom, transfers of assets (i) from the Ultimate Parent or any of its Subsidiaries (other than the Borrowers) to a Domestic Loan Party (other than the Parent or the Ultimate Parent) and (ii) from any
    Subsidiary of the Ultimate Parent that is not a Loan Party to any other Subsidiary of the Ultimate Parent that is not a Loan Party;

   

  (h)

  Disposition of obsolete or
    worn-out equipment in the ordinary course of business; and

   

  (i)            Disposition of property or assets not otherwise permitted in clauses (a) through (h) above for cash in an aggregate amount not less
    than the fair market value of such property or assets;

   

  provided that the Net Cash Proceeds of such Dispositions (including the proposed Disposition) (1) in the case of clauses (h) and (i) above, do not exceed $ 2,500,000
    in the aggregate in any Fiscal Year and (2) in all cases, are paid to the Administrative Agent for the benefit of the Agents and the Lenders pursuant to the terms of Section 2.05(c)(ii) or applied as provided in Section 2.05(c)(vi).

   

  “Permitted Holders” means the Dai Family, Mr. Qiangen Xiong and Yellow Sea Investment Holdings Limited.

   

  “Permitted Indebtedness” means:

   

  (a)

  any Indebtedness owing to any
    Agent or any Lender under this Agreement and the other Loan Documents;

   

  (b)

  any other Indebtedness listed on
    Schedule 7.02(b), and any Permitted Refinancing Indebtedness in respect of such Indebtedness;

   

  (c)

  Permitted Purchase Money
    Indebtedness and any Permitted Refinancing Indebtedness in respect of such Indebtedness;

   

  (d)

  Permitted Intercompany
    Investments;

   

  (e)

  Indebtedness incurred in the
    ordinary course of business under performance, surety, statutory, and appeal bonds;

   

  (f)

  Indebtedness owed to any Person
    providing property, casualty, liability, or other insurance to the Loan Parties, so long as the amount of such Indebtedness is not in excess of the amount of the unpaid cost of, and shall be incurred only to defer the cost of, such insurance for the
    period in which such Indebtedness is incurred and such Indebtedness is outstanding only during such period;

  
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  (g)

  the incurrence by any Loan Party
    of Indebtedness under Hedging Agreements that are incurred for the bona fide purpose of hedging the interest rate, commodity, or foreign currency risks associated with such Loan Party’s operations and not for speculative purposes;

   

  (h)

  Indebtedness incurred in respect
    of credit cards, credit card processing services, debit cards, stored value cards, purchase cards (including so-called “procurement cards” or “P-cards”) or other similar cash management services, in each case, incurred in the ordinary course of
    business;

   

  (i)

  contingent liabilities in
    respect of any indemnification obligation, adjustment of purchase price, non-compete, or similar obligation of any Loan Party incurred in connection with the consummation of one or more Permitted Acquisitions;

   

  (j)

  Indebtedness of a Person whose
    assets or Equity Interests are acquired by the Parent or any of its Subsidiaries in a Permitted Acquisition in an aggregate amount not to exceed $2,500,000 at any one time outstanding; provided that such Indebtedness (i) is either Permitted Purchase
    Money Indebtedness or a Capitalized Lease with respect to equipment or mortgage financing with respect to a Facility, (ii) was in existence prior to the date of such Permitted Acquisition and (iii) was not incurred in connection with, or in
    contemplation of, such Permitted Acquisition;

   

  (k)

  unsecured Indebtedness owing to
    the Seller that is incurred by the applicable Loan Party in connection with the consummation of one or more Permitted Acquisitions so long as (i) the aggregate principal amount for all such Indebtedness does not exceed $2,500,000 at any one time
    outstanding, (ii) such Indebtedness is subordinated to the Obligations on terms and conditions reasonably acceptable to the Collateral Agent and (iii) such Indebtedness is otherwise on terms and conditions (including all economic terms and the absence
    of covenants) reasonably acceptable to the Collateral Agent;

   

  (l)

  unsecured Indebtedness of the
    applicable Loan Party that is incurred on the date of the consummation of a Permitted Acquisition solely for the purpose of consummating such Permitted Acquisition so long as (i) no Event of Default has occurred and is continuing or would result
    therefrom, (ii) such unsecured Indebtedness is not incurred for working capital purposes, (iii) such unsecured Indebtedness does not mature prior to the date that is 12 months after the Final Maturity Date, (iv) such unsecured Indebtedness does not
    amortize until 12 months after the Final Maturity Date, (v) such unsecured Indebtedness does not provide for the payment of interest thereon in cash or Cash Equivalents prior to the date that is 12 months after the Final Maturity Date, and (vi) such
    Indebtedness is subordinated in right of payment to the Obligations on terms and conditions reasonably satisfactory to the Collateral Agent; and

   

  (m)

  Subordinated Indebtedness other
    than Subordinated Indebtedness described in clause (k) or (l) above in an aggregate amount not exceeding $1,000,000 at any time outstanding.

   

  “Permitted Intercompany Investments” means Investments made by (a) a Loan Party to or in a Domestic Loan Party, (b) a Foreign Loan Party to
    or in a Foreign Loan Party, (c) a Subsidiary that is not a Loan Party to or in another Subsidiary that is not a Loan Party, (d) a Subsidiary that is not a Loan Party to or in a Loan Party, (e) a Domestic Loan Party to or in a Foreign Loan Party, so
    long as such Investments are in the form of cash and the aggregate amount of all such Investments made by Domestic Loan Parties to or in Foreign Loan Parties, when taken together with the aggregate amount of all Investments made by Loan Parties to or
    in Subsidiaries that are not Loan Parties pursuant to clause (f) below, does not exceed $2,500,000 at any time outstanding, and (f) a Loan Party to or in a Subsidiary that is not a Loan Party so long as (i) such Investments are in the form of cash and
    the aggregate amount of all such Investments made by Loan Parties to or in Subsidiaries that are not Loan Parties, when taken together with the aggregate amount of all Investments made by Domestic Loan Parties to or in Foreign Loan Parties pursuant to
    clause (e) above, does not exceed $2,500,000 at any time outstanding, (ii) no Default or Event of Default has occurred and is continuing either before or after giving effect to such Investment, and (iii) the Borrowers have Excess Availability plus
    Qualified Cash in an amount equal to or greater than $20,000,000 after giving effect to such Investment. Each party to any Investment described above made in the form of a loan or advance shall be a party to the Intercompany Subordination Agreement.

  
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  Notwithstanding the foregoing, payments for services or royalties made by one Loan Party or Subsidiary to another Loan Party or Subsidiary under any intercompany
    agreement shall not be subject to the Dollar limitations set forth in clauses (e) and (f) above so long as (A) such payments are made in the ordinary course of business and in a manner consistent with past practices, (B) such payments have transfer
    pricing payment terms that comply with all applicable transfer pricing rules and regulations, (C) such payments do not exceed the amounts necessary for the payee thereof to pay its projected operating expenses for the following one-month period and (D)
    the aggregate amount of all such payments that shall not be subject to the Dollar limitations set forth in clauses (e) and (f) above shall not exceed $900,000 in any one-month period.

   

  “Permitted Investments” means:

   

  (a)

  Investments in cash and Cash
    Equivalents;

   

  (b)

  Investments in negotiable
    instruments deposited or to be deposited for collection in the ordinary course of business;

   

  (c)

  advances made in connection with
    purchases of goods or services in the ordinary course of business;

   

  (d)

  Investments received in
    settlement of amounts due to any Loan Party or any of its Subsidiaries effected in the ordinary course of business or owing to any Loan Party or any of its Subsidiaries as a result of Insolvency Proceedings involving an Account Debtor or upon the
    foreclosure or enforcement of any Lien in favor of a Loan Party or its Subsidiaries;

   

  (e)

  Investments existing on the date
    of this Agreement, as set forth on Schedule 7.02(e), but not any increase in the amount thereof as set forth in such Schedule or any other modification of the terms thereof;

   

  (f)

  Permitted Intercompany
    Investments;

   

  (g)

  Permitted Acquisitions; and

   

  (h)

  so long as no Default or Event
    of Default has occurred and is continuing or would result therefrom, any other Investments in the form of cash, in an aggregate amount not to exceed $2,500,000 at any time outstanding.

   

  “Permitted Liens” means:

   

  (a)

  Liens securing the Obligations;

   

  (b)

  Liens for taxes, assessments and
    governmental charges the payment of which is not required under Section 7.01(c)(ii);

   

  (c)

  Liens imposed by law, such as
    carriers’, warehousemen’s, mechanics’, materialmen’s and other similar Liens arising in the ordinary course of business and securing obligations (other than Indebtedness for borrowed money) that are not overdue by more than 30 days or are being
    contested in good faith and by appropriate proceedings promptly initiated and diligently conducted, and a reserve or other appropriate provision, if any, as shall be required by GAAP shall have been made therefor;

  
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  (d)

  Liens described on Schedule
    7.02(a), provided that any such Lien shall only secure the Indebtedness that it secures on the Effective Date and any Permitted Refinancing Indebtedness in respect thereof;

   

  (e)

  purchase money Liens on
    equipment acquired or held by any Loan Party or any of its Subsidiaries in the ordinary course of its business to secure Permitted Purchase Money Indebtedness so long as such Lien only (i) attaches to such property and (ii) secures the Indebtedness
    that was incurred to acquire such property or any Permitted Refinancing Indebtedness in respect thereof;

   

  (f)

  deposits and pledges of cash
    securing (i) obligations incurred in respect of workers’ compensation, unemployment insurance or other forms of governmental insurance or benefits, (ii) the performance of bids, tenders, leases, contracts (other than for the payment of money) and
    statutory obligations, or (iii) obligations on surety or appeal bonds, but only to the extent such deposits or pledges are made or otherwise arise in the ordinary course of business and secure obligations not past due;

   

  (g)

  with respect to any Facility,
    easements, zoning restrictions and similar encumbrances on real property and minor irregularities in the title thereto that do not (i) secure obligations for the payment of money or (ii) materially impair the value of such property or its use by any
    Loan Party or any of its Subsidiaries in the normal conduct of such Person’s business;

   

  (h)

  Liens of landlords and
    mortgagees of landlords (i) arising by statute or under any Lease or related Contractual Obligation entered into in the ordinary course of business, (ii) on fixtures and movable tangible property located on the real property leased or subleased from
    such landlord or (iii) for amounts not yet due or that are being contested in good faith by appropriate proceedings diligently conducted and for which adequate reserves or other appropriate provisions are maintained on the books of such Person in
    accordance with GAAP;

   

  (i)

  the title and interest of a
    lessor or sublessor in and to personal property leased or subleased (other than through a Capitalized Lease), in each case extending only to such personal property;

   

  (j)

  non-exclusive licenses of
    Intellectual Property rights in the ordinary course of business;

   

  (k)

  judgment liens (other than for
    the payment of taxes, assessments or other governmental charges) securing judgments and other proceedings not constituting an Event of Default under Section 9.01(j);

   

  (l)

  rights of set-off or bankers’
    liens upon deposits of cash in favor of banks or other depository institutions, solely to the extent incurred in connection with the maintenance of such deposit accounts in the ordinary course of business;

   

  (m)

  Liens granted in the ordinary
    course of business on the unearned portion of insurance premiums securing the financing of insurance premiums to the extent the financing is permitted under the definition of Permitted Indebtedness;

  
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  (n)

  Liens assumed by the Parent or
    any of its Subsidiaries in connection with a Permitted Acquisition that secure Indebtedness permitted by clause (j) of the definition of Permitted Indebtedness;

   

  (o)

  Liens solely on any cash earnest
    money deposits made by any Loan Party in connection with any letter of intent or purchase agreement with respect to a Permitted Acquisition; and

   

  (p)

  other Liens which do not secure
    Indebtedness for borrowed money or letters of credit and as to which the aggregate amount of the obligations secured thereby does not exceed $2,500,000.

   

  “Permitted Purchase Money Indebtedness” means, as of any date of determination, Indebtedness (other than the Obligations, but including
    Capitalized Lease Obligations) incurred to finance the acquisition of any fixed assets secured by a Lien permitted under clause (e) of the definition of “Permitted Liens”; provided that (a) such Indebtedness is incurred within 20 days after such
    acquisition, (b) such Indebtedness when incurred shall not exceed the purchase price of the asset financed and (c) the aggregate principal amount of all such Indebtedness shall not exceed $2,500,000 at any time outstanding.

   

  “Permitted Refinancing Indebtedness” means the extension of maturity, refinancing or modification of the terms of Indebtedness so long as:

   

  (a)

  after giving effect to such
    extension, refinancing or modification, the amount of such Indebtedness is not greater than the amount of Indebtedness outstanding immediately prior to such extension, refinancing or modification (other than by the amount of premiums paid thereon and
    the fees and expenses incurred in connection therewith and by the amount of unfunded commitments with respect thereto);

   

  (b)

  such extension, refinancing or
    modification does not result in a shortening of the average weighted maturity (measured as of the extension, refinancing or modification) of the Indebtedness so extended, refinanced or modified;

   

  (c)

  such extension, refinancing or
    modification is pursuant to terms that are not materially less favorable to the Loan Parties and the Lenders, taken as a whole, than the terms of the Indebtedness (including, without limitation, terms relating to the collateral (if any) and
    subordination (if any)) being extended, refinanced or modified; and

   

  (d)

  the Indebtedness that is
    extended, refinanced or modified is not recourse to any Loan Party or any of its Subsidiaries that is liable on account of the obligations other than those Persons which were obligated with respect to the Indebtedness that was refinanced, renewed or
    extended.

   

  “Permitted Restricted Payments” means any of the following Restricted Payments (in each case other than with respect to clause (c), made in
    the form of cash) by:

   

  (a)

  any Loan Party to the Parent or
    the Ultimate Parent in amounts necessary to pay taxes and other customary expenses as and when due and owing by the Parent or the Ultimate Parent in the ordinary course of its business as a holding company (including salaries and related reasonable and
    customary expenses incurred by employees of the Parent or the Ultimate Parent), so long as no Default or Event of Default shall have occurred and be continuing or would result from the making of such payment,

   

  (b)

  (i) any Subsidiary of any Loan
    Party (other than the Parent or the Ultimate Parent) to such Loan Party (other than the Parent or the Ultimate Parent) and (ii) any Subsidiary that is not a Loan Party to any other Subsidiary that is not a Loan Party,

  
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  (c)

  the Ultimate Parent to pay
    dividends in the form of common Equity Interests,

   

  (d)

  the Loan Parties to Haitong
    International ZhongHau Finance Acquisition Fund I, L.P, the former holder of all of the Equity Interests in the Ultimate Parent, in an aggregate amount not to exceed $2,000,000 during the term of this Agreement, in respect of certain management fees
    owed by an Affiliate of the Loan Parties to such Person, so long as (i) no Default or Event of Default has occurred and is continuing or would result from the making of such payment, (ii) the Borrowers have Excess Availability plus Qualified Cash in an
    amount equal to or greater than $20,000,000 immediately after giving effect to such payment and (iii) the Agents have received a certificate of the chief financial officer of the Administrative Borrower certifying compliance by the Loan Parties with
    the conditions set forth in this clause (d), and

   

  (e)

  the Parent or the Ultimate
    Parent in an aggregate amount not to exceed (i) if the Leverage Ratio of the Ultimate Parent and its Subsidiaries as of the last day of the last fiscal quarter of the Ultimate Parent and its Subsidiaries for which financial statements of the Ultimate
    Parent and its Subsidiaries have been delivered under Section 7.01(a) does not exceed 3.25 to 1.00 after giving pro forma effect to such payment (as if made on the first day of such period), $5,000,000 in any Fiscal Year, and (ii) if the Leverage Ratio
    of the Ultimate Parent and its Subsidiaries as of the last day of the last fiscal quarter of the Ultimate Parent and its Subsidiaries for which financial statements of the Ultimate Parent and its Subsidiaries have been delivered under Section 7.01(a)
    does not exceed 2.50 to 1.00 after giving pro forma effect to such payment (as if made on the first day of such period), $10,000,000 in any Fiscal Year (for the avoidance of doubt, when taken together with the aggregate amount of any Restricted
    Payments made pursuant to clause (i) above in such Fiscal Year), in the case of each of clauses (i) and (ii) above, so long as (A) no Default or Event of Default has occurred and is continuing or would result from the making of such payment, (B) the
    total then outstanding Revolving Loan Obligations are equal to or less than $5,000,000 both before and after giving effect to such payment, (C) the Loan Parties are in compliance with the financial covenants set forth in Section 7.03 as of the last day
    of the last fiscal quarter of the Ultimate Parent and its Subsidiaries for which financial statements of the Ultimate Parent and its Subsidiaries have been delivered under Section 7.01(a) after giving pro forma effect to such payment (as if made on the
    first day of such period) and (D) the Agents have received a certificate of the vice president of finance of the Administrative Borrower certifying compliance by the Loan Parties with the conditions set forth in this clause (e) and attaching reasonably
    detailed calculations of all financial ratios set forth above.

   

  “Permitted Specified Liens” means Permitted Liens described in clauses (a), (b) and (c) of the definition of Permitted Liens, and, solely in
    the case of Section 7.01(b)(i), including clauses (g), (h) and (i) of the definition of Permitted Liens.

   

  “Person” means an individual, corporation, limited liability company, partnership, association, joint-stock company, trust, unincorporated
    organization, joint venture or other enterprise or entity or Governmental Authority.

   

  “Petty Cash Accounts” means Cash Management Accounts with deposits at any time in an aggregate amount not in excess of $50,000 for any one
    account and $250,000 in the aggregate for all such accounts.

   

  “Post-Default Rate” means a rate of interest per annum equal to the rate of interest otherwise in effect from time to time pursuant to the
    terms of this Agreement plus 2.00%, or, if a rate of interest is not otherwise in effect, interest at the highest rate specified herein for any Loan then outstanding prior to an Event of Default plus 2.00%.

  
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  “Pro Rata Share” means, with respect to:

   

  (a)

  a Lender’s obligation to make
    Revolving Loans and the right to receive payments of interest, fees, and principal with respect thereto, the percentage obtained by dividing (A) such Lender’s Revolving Credit Commitment, by (B) the Total Revolving Credit Commitment, provided that, if
    the Total Revolving Credit Commitment has been reduced to zero, the numerator shall be the aggregate unpaid principal amount of such Lender’s Revolving Loans (including Collateral Agent Advances) and the denominator shall be the aggregate unpaid
    principal amount of all Revolving Loans (including Collateral Agent Advances),

   

  (b)

  a Lender’s obligation to make
    the Term Loan and the right to receive payments of interest, fees, and principal with respect thereto, the percentage obtained by dividing (i) such Lender’s Term Loan Commitment, by (ii) the Total Term Loan Commitment, provided that if the Total Term
    Loan Commitment has been reduced to zero, the numerator shall be the aggregate unpaid principal amount of such Lender’s portion of the Term Loan and the denominator shall be the aggregate unpaid principal amount of the Term Loan, and

   

  (c)

  all other matters (including,
    without limitation, the indemnification obligations arising under Section 10.05), the percentage obtained by dividing (i) the sum of such Lender’s Revolving Credit Commitment and the unpaid principal amount of such Lender’s portion of the Term Loan, by
    (ii) the sum of the Total Revolving Credit Commitment and the aggregate unpaid principal amount of the Term Loan, provided that, if such Lender’s Revolving Credit Commitment shall have been reduced to zero, such Lender’s Revolving Credit Commitment
    shall be deemed to be the aggregate unpaid principal amount of such Lender’s Revolving Loans (including Collateral Agent Advances) and if the Total Revolving Credit Commitment shall have been reduced to zero, the Total Revolving Credit Commitment shall
    be deemed to be the aggregate unpaid principal amount of all Revolving Loans (including Collateral Agent Advances).

   

  “Process Agent” has the meaning specified therefor in Section 12.10(c).

   

  “Projections” means financial projections of the Parent and its Subsidiaries delivered pursuant to Section 6.01(g)(ii), as updated from time
    to time pursuant to Section 7.01(a)(vii).

   

  “Purchase Price” means, with respect to any Acquisition, an amount equal to the sum of (a) the aggregate consideration, whether cash,
    property or securities (including, without limitation, the fair market value of any Equity Interests of any Loan Party or any of its Subsidiaries issued in connection with such Acquisition), paid or delivered by a Loan Party or any of its Subsidiaries
    (whether as initial consideration or through the payment or disposition of deferred consideration, including, without limitation, in the form of seller financing, royalty payments, payments allocated towards non-compete covenants, payments to
    principals for consulting services or other similar payments) in connection with such Acquisition, plus (b) the aggregate amount of liabilities of the acquired business (net of current assets of the acquired business) that would be reflected on a
    balance sheet (if such were to be prepared) of the Parent and its Subsidiaries after giving effect to such Acquisition, plus (c) the aggregate amount of all transaction fees, costs and expenses incurred by the Parent or any of its Subsidiaries in
    connection with such Acquisition.

   

  “Qualified Cash” means, as of any date of determination, the aggregate amount of unrestricted cash on-hand of the Loan Parties maintained in
    deposit accounts in the name of a Loan Party in the United States as of such date, which deposit accounts are subject to Control Agreements.

   

  “Qualified Equity Interests” means, with respect to any Person, all Equity Interests of such Person that are not Disqualified Equity
    Interests.

  
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  “Real Property Deliverables” means each of the following agreements, instruments and other documents in respect of each Facility, each in
    form and substance reasonably satisfactory to the Collateral Agent:

   

  (a)

  a Mortgage duly executed by the
    applicable Loan Party,

   

  (b)

  evidence of the recording of
    each Mortgage in such office or offices as may be necessary or, in the reasonable opinion of the Collateral Agent, desirable to perfect the Lien purported to be created thereby or to otherwise protect the rights of the Collateral Agent and the Lenders
    thereunder;

   

  (c)

  a Title Insurance Policy with
    respect to each Mortgage;

   

  (d)

  a current ALTA survey and a
    surveyor’s certificate, certified to the Collateral Agent and to the issuer of the Title Insurance Policy with respect thereto by a professional surveyor licensed in the state in which such Facility is located and reasonably satisfactory to the
    Collateral Agent;

   

  (e)

  a zoning report issued by a
    provider reasonably satisfactory to the Collateral Agent or a copy of each letter issued by the applicable Governmental Authority, evidencing each Facility’s compliance with all applicable Requirements of Law, together with a copy of all certificates
    of occupancy issued with respect to each Facility;

   

  (f)

  an opinion of counsel,
    satisfactory to the Collateral Agent, in the state where such Facility is located with respect to the enforceability of the Mortgage to be recorded and such other matters as the Collateral Agent may reasonably request;

   

  (g)

  a Phase I Environmental Site
    Assessment prepared in accordance with the United States Environmental Protection Agency Standards and Practices for “All Appropriate Inquiries” under Section 101(3)(B) of the Comprehensive Environmental Response, Compensation, and Liability Act as
    referenced in 40 CFR Part 312 and ASTM E-1527-13 “Standard Practice for Environmental Assessments” (“Phase I ESA” (and if reasonably requested by the Collateral Agent based upon the results of such Phase I ESA, a Phase II Environmental Site
    Assessment), by a nationally-recognized environmental consulting firm, reasonably satisfactory to the Collateral Agent; and

   

  (h)

  such other agreements,
    instruments, appraisals and other documents (including guarantees and opinions of counsel) as the Collateral Agent may reasonably require.

   

  “Recipient” means any Agent or any Lender, as applicable.

   

  “Reference Rate” means, for any period, the greatest of (a) 2.00% per annum, (b) the Federal Funds Rate plus 0.50% per annum, (c) the LIBOR
    Rate (which rate shall be calculated based upon an Interest Period of one month and shall be determined on a daily basis) plus 1.00% per annum, and (d) the rate last quoted by The Wall Street Journal as the “Prime Rate” in the United States or,
    if The Wall Street Journal ceases to quote such rate, the highest per annum interest rate published by the Federal Reserve Board in Federal Reserve Statistical Release H.15 (519) (Selected Interest Rates) as the “bank prime loan” rate or, if
    such rate is no longer quoted therein, any similar rate quoted therein (as determined by the Administrative Agent) or any similar release by the Federal Reserve Board (as determined by the Administrative Agent). Each change in the Reference Rate shall
    be effective from and including the date such change is publicly announced as being effective.

   

  “Reference Rate Loan” means each portion of a Loan that bears interest at a rate determined by reference to the Reference Rate.

  
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  “Refusal Option” shall have the meaning assigned to such term in Section 2.05(g).

   

  “Register” has the meaning specified therefor in Section 12.07(f).

   

  “Registered Intellectual Property” means Intellectual Property that is issued, registered, renewed or the subject of a pending application.

   

  “Registered Loans” has the meaning specified therefor in Section 12.07(f).

   

  “Regulation T”, “Regulation U” and “Regulation X” mean, respectively, Regulations T, U and X of the Board or any successor, as
    the same may be amended or supplemented from time to time.

   

  “Related Fund” means, with respect to any Person, an Affiliate of such Person, or a fund or account managed by such Person or an Affiliate of
    such Person.

   

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

   

  “Release” means any spilling, leaking, pumping, pouring, emitting, emptying, discharging, injecting, escaping, leaching, seeping, migrating,
    dumping or disposing of any Hazardous Material (including the abandonment or discarding of barrels, containers and other closed receptacles containing any Hazardous Material) into the indoor or outdoor environment, including, without limitation, the
    movement of Hazardous Materials through or in any environmental media, including the indoor or outdoor air, soil, surface or ground water, sediments or property.

   

  “Remedial Action” means any action (a) to correct, mitigate, or address any actual, alleged or threatened violation of or non-compliance with
    any Environmental Law or Environmental Permit, or (b) to clean up, remove, remediate, mitigate, abate, contain, treat, monitor, assess, evaluate, investigate, prevent, minimize or in any other way address any environmental condition or the actual,
    alleged or threatened presence, Release or threatened Release of any Hazardous Materials (including the performance of pre-remedial studies and investigations and post-remedial operation and maintenance activities).

   

  “Replacement Lender” has the meaning specified therefor in Section 12.02(c).

   

  “Replacement Rate” has the meaning specified therefor in Section 2.07(g).

   

  “Reportable Event” means an event described in Section 4043 of ERISA (other than an event for which the 30-day notice period is waived by
    regulation).

   

  “Required Lenders” means Lenders whose Pro Rata Shares (calculated in accordance with clause (c) of the definition thereof) aggregate at
    least 50.1%.

   

  “Required Prepayment Date” shall have the meaning assigned to such term in Section 2.05(g).

   

  “Requirements of Law” means, with respect to any Person, collectively, the common law and any and all federal, state, provincial, local,
    foreign, multinational or international laws, statutes, codes, treaties, standards, rules and regulations, guidelines, ordinances, orders, judgments, writs, injunctions, decrees (including administrative or judicial precedents or authorities), and the
    interpretation or administration thereof by, and other determinations, directives, requirements or requests of any Governmental Authority, in each case that are applicable to or binding upon such Person or any of its property or to which such Person or
    any of its property is subject.

  
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  “Reserve Percentage” means, on any day, for any Lender, the maximum percentage prescribed by the Board (or any successor Governmental
    Authority) for determining the reserve requirements (including any basic, supplemental, marginal, or emergency reserves) that are in effect on such date with respect to eurocurrency funding (currently referred to as “eurocurrency liabilities”)
    of that Lender, but so long as such Lender is not required or directed under applicable regulations to maintain such reserves, the Reserve Percentage shall be zero.

   

  “Restricted Payment” means (a) the declaration or payment of any dividend or other distribution, direct or indirect, on account of any Equity
    Interests of any Loan Party or any of its Subsidiaries, now or hereafter outstanding, together with any payment or distribution pursuant to a “plan of division” under the Delaware Limited Liability Company Act or any comparable transaction under any
    similar law, (b) the making of any repurchase, redemption, retirement, defeasance, sinking fund or similar payment, purchase or other acquisition for value, direct or indirect, of any Equity Interests of any Loan Party or any direct or indirect parent
    of any Loan Party, now or hereafter outstanding, (c) the making of any payment to retire, or to obtain the surrender of, any outstanding warrants, options or other rights for the purchase or acquisition of shares of any class of Equity Interests of any
    Loan Party, now or hereafter outstanding, (d) the return of any Equity Interests to any shareholders or other equity holders of any Loan Party or any of its Subsidiaries, or make any other distribution of property, assets, shares of Equity Interests,
    warrants, rights, options, obligations or securities thereto as such or (e) the payment of any management, consulting, monitoring or advisory fees or any other fees or expenses (including the reimbursement thereof by any Loan Party or any of its
    Subsidiaries) pursuant to any management, consulting, monitoring, advisory or other services agreement to any of the shareholders or other equityholders of any Loan Party or any of its Subsidiaries or other Affiliates, or to any other Subsidiaries or
    Affiliates of any Loan Party.

   

  “Revolving Credit Commitment” means, with respect to each Lender, the commitment of such Lender to make Revolving Loans to the Borrowers in
    the amount set forth opposite such Lender’s name in Schedule 1.01(A) hereto or in the Assignment and Acceptance pursuant to which such Lender became a Lender under this Agreement, as such amount may be terminated or reduced from time to time in
    accordance with the terms of this Agreement.

   

  “Revolving Loan” means a loan made by a Lender to the Borrowers pursuant to Section 2.01(a)(i).

   

  “Revolving Loan Lender” means a Lender with a Revolving Credit Commitment or a Revolving Loan.

   

  “Revolving Loan Obligations “ means any Obligations with respect to the Revolving Loans (including without limitation, the principal thereof,
    the interest thereon, and the fees and expenses specifically related thereto).

   

  “Sale and Leaseback Transaction” means, with respect to the Parent or any of its Subsidiaries, any arrangement, directly or indirectly, with
    any Person whereby the Parent or any of its Subsidiaries shall sell or transfer any property 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 being sold or transferred.

  
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  “Sanctioned Country” means, at any time, a country or territory that is the subject or target of any Sanctions that broadly prohibit dealings
    with that country or territory (which, as of the Effective Date, include Crimea, Cuba, Iran, North Korea, Sudan and Syria).

   

  “Sanctioned Person” means, at any time, (a) any Person listed in OFAC’s Specially Designated Nationals and Blocked Persons List, OFAC’s
    Sectoral Sanctions Identification List, and any other Sanctions -related list of designated Persons maintained by OFAC, the U.S. Department of State, the United Nations Security Council, the European Union or Her Majesty’s Treasury of the United
    Kingdom, Germany, Canada, Australia or other relevant sanctions authority, (b) a Person that resides in, is organized in or located in, or has a place of business in, a country or territory named on any list referred to in clause (a) of this definition
    or a country or territory that is designated as a “Non-Cooperative Jurisdiction” by the Financial Action Task Force on Money Laundering, or whose subscription funds are transferred from or through any such jurisdiction (each of the foregoing in this
    clause (b), a “Sanction Target”), or a Person that owns 50% or more of the Equity Interests of, or is otherwise controlled by, or is acting on behalf of, one or more Sanction Targets, (c) any Person with whom or with which a U.S. Person is
    prohibited from dealing under any of the Sanctions or (d) any Person owned or controlled by any Person or Persons described in clause (a) or (b).

   

  “Sanctions” means Requirements of Law concerning or relating to economic or financial sanctions or trade embargoes imposed, administered or
    enforced from time to time by OFAC, the U.S. Department of State, the European Union or Her Majesty’s Treasury of the United Kingdom or other relevant sanctions authority.

   

  “SEC” means the Securities and Exchange Commission or any other similar or successor agency of the Federal government administering the
    Securities Act.

   

  “Secured Party” means any Agent and any Lender.

   

  “Securities Act” means the Securities Act of 1933, as amended, or any similar federal statute, and the rules and regulations of the SEC
    thereunder, all as the same shall be in effect from time to time.

   

  “Securitization” has the meaning specified therefor in Section 12.07(l).

   

  “Security Agreement” means (a) a Pledge and Security Agreement, in form and substance satisfactory to the Collateral Agent, made by a Loan
    Party in favor of the Collateral Agent for the benefit of the Secured Parties securing the Obligations and (b) any Cayman Islands Security Document.

   

  “Seller” means any Person that sells Equity Interests or other property or assets to a Loan Party or a Subsidiary of a Loan Party in a
    Permitted Acquisition.

   

  “Settlement Period” has the meaning specified therefor in Section 2.02(d)(i).

   

  “Solvent” means, with respect to any Person on a particular date, that on such date (a) the fair value of the property (on a going concern
    basis) of such Person is not less than the total amount of the liabilities of such Person, (b) the present fair salable value of the assets (on a going concern basis) of such Person is not less than the amount that will be required to pay the probable
    liability of such Person on its existing debts as they become absolute and matured, (c) such Person is able to pay its debts and other liabilities, contingent obligations and other commitments as they mature in the ordinary course of business, (d)  such Person does not intend to, and does not believe that it will, incur debts or liabilities beyond such Person’s ability to pay as such debts and liabilities mature in the ordinary course of business, and (e) such
    Person is not engaged in business or a transaction, and is not about to engage in business or a transaction, for which such Person’s property would constitute unreasonably small capital.

  
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  “Specified Material Contract” means, at any time, (a) the Distribution Services Agreement, dated as of June 27, 2018 by and between
    Administrative Borrower and Box Out, as amended, (b) the Services Agreement, dated as of February 22, 2018, by and between Administrative Borrower and Eversana Life Science Services, LLC, as amended, (c) the Distribution and Supply Agreement, dated as
    of November 15, 2019, by and between Administrative Borrower and Lexbrands LLC, (d) the Distribution and Supply Agreement, dated as of April 24, 2019, by and between Administrative Borrower and Rohto Pharmaceutical Co., Ltd, as amended, (e) the
    Know-How and Trademark License Agreement, dated as of September 13, 2002, by and between Borrower and Rohto Pharmaceutical Co., Ltd, as amended, (f) the License and Supply Agreement, dated as of December 4, 2008, by and between Borrower and Rohto
    Pharmaceutical Co., Ltd, as amended and (g) any other contract or agreement under which the Loan Parties have purchased or sold products representing 15% or more of the gross purchases or gross sales (as the case may be) of the Loan Parties for the
    immediately preceding 12 consecutive month period.

   

  “Standard & Poor’s” means Standard & Poor’s Ratings Services, a division of The McGraw Hill Companies, Inc. and any successor
    thereto.

   

  “Subordinated Indebtedness” means Indebtedness of any Loan Party the terms of which (including, without limitation, payment terms, interest
    rates, covenants, remedies, defaults and other material terms) are satisfactory to the Collateral Agent and which has been expressly subordinated in right of payment to all Indebtedness of such Loan Party under the Loan Documents (a) by the execution
    and delivery of a subordination agreement, in form and substance satisfactory to the Collateral Agent, or (b) otherwise on terms and conditions satisfactory to the Collateral Agent.

   

  “Subsidiary” means, with respect to any Person at any date, any corporation, limited or general partnership, limited liability company,
    trust, estate, association, joint venture or other business entity (a) the accounts of which would be consolidated with those of such Person in such Person’s consolidated financial statements if such financial statements were prepared in accordance
    with GAAP or (b) of which more than 50% of (i) the outstanding Equity Interests having (in the absence of contingencies) ordinary voting power to elect a majority of the Board of Directors of such Person, (ii) in the case of a partnership or limited
    liability company, the interest in the capital or profits of such partnership or limited liability company, or (iii) in the case of a trust, estate, association, joint venture or other entity, the beneficial interest in such trust, estate, association
    or other entity business is, at the time of determination, owned or controlled directly or indirectly through one or more intermediaries, by such Person. References to a Subsidiary shall mean a Subsidiary of the Ultimate Parent unless the context
    expressly provides otherwise.

   

  “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.

   

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

   

  “Termination Date” means the first date on which all of the Obligations are paid in full in cash and the Commitments of the Lenders are
    terminated.

  
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  “Term Loan” means, collectively, the loans made by the Term Loan Lenders to the Borrowers on the Effective Date pursuant to Section
    2.01(a)(ii).

   

  “Term Loan Commitment” means, with respect to each Lender, the commitment of such Lender to make the Term Loan to the Borrowers in the amount
    set forth in Schedule 1.01(A) hereto or in the Assignment and Acceptance pursuant to which such Lender became a Lender under this Agreement, as the same may be terminated or reduced from time to time in accordance with the terms of this Agreement.

   

  “Term Loan Lender” means a Lender with a Term Loan Commitment or a Term Loan.

   

  “Term Loan Obligations “ means any Obligations with respect to the Term Loan (including, without limitation, the principal thereof, the
    interest thereon, and the fees and expenses specifically related thereto).

   

  “Title Insurance Policy” means a mortgagee’s loan policy, in form and substance satisfactory to the Collateral Agent, together with all
    endorsements made from time to time thereto, issued to the Collateral Agent by or on behalf of a title insurance company selected by or otherwise reasonably satisfactory to the Collateral Agent, insuring the Lien created by a Mortgage in an amount and
    on terms and with such endorsements reasonably satisfactory to the Collateral Agent, delivered to the Collateral Agent.

   

  “Total Commitment” means the sum of the Total Revolving Credit Commitment and the Total Term Loan Commitment.

   

  “Total Revolving Credit Commitment” means the sum of the amounts of the Lenders’ Revolving Credit Commitments.

   

  “Total Term Loan Commitment” means the sum of the amounts of the Lenders’ Term Loan Commitments.

   

  “UCC Filing Authorization Letter” means a letter duly executed by each Loan Party authorizing the Collateral Agent to file appropriate
    financing statements on Form UCC-1 without the signature of such Loan Party in such office or offices as may be necessary or, in the opinion of the Collateral Agent, desirable to perfect the security interests purported to be created by each Security
    Agreement and each Mortgage.

   

  “Ultimate Parent” has the meaning specified therefor in the preamble.

   

  “Uniform Commercial Code” or “UCC” has the meaning specified therefor in Section 5.01(d).

   

  “Unused Line Fee” has the meaning specified therefor in Section 2.06(b).

   

  “USA PATRIOT Act” means the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism
    (PATRIOT) Act of 2001 (Title III of Pub. L. 107-56, Oct. 26, 2001)) as amended by the USA Patriot Improvement and Reauthorization Act of 2005 (Pub. L. 109-177, March 9, 2006) and as the same may have been or may be further renewed, extended, amended,
    or replaced.

   

  “U.S. Person” means any Person that is a “United States Person” as defined in Section 7701(a)(30) of the Internal Revenue Code.

  
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  “Waivable Mandatory Prepayment” shall have the meaning assigned to such term in Section 2.05(g).

   

  “WARN” has the meaning specified therefor in Section 6.01(p).

   

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

   

  “Working Capital” means, at any date of determination thereof, (a) the sum, for any Person and its Subsidiaries, of (i) the unpaid
    face amount of all Accounts of such Person and its Subsidiaries as at such date of determination, plus (ii) the aggregate amount of prepaid expenses and other current assets of such Person and its Subsidiaries as at such date of determination (other
    than cash, Cash Equivalents and any Indebtedness owing to such Person or any of its Subsidiaries by Affiliates of such Person), minus (b) the sum, for such Person and its Subsidiaries, of (i) the unpaid amount of all accounts payable of such Person and
    its Subsidiaries as at such date of determination, plus (ii) the aggregate amount of all accrued expenses of such Person and its Subsidiaries as at such date of determination (other than the current portion of long-term debt and all accrued interest
    and taxes).

   

  Section 1.02         Terms Generally. The definitions of terms herein shall apply equally to the
    singular and plural forms of the terms defined. Whenever the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms. The words “include”, “includes” and “including” shall be deemed to be followed by the
    phrase “without limitation”. The word “will” shall be construed to have the same meaning and effect as the word “shall”. 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, supplemented or otherwise modified (subject to any restrictions on such amendments, supplements or modifications set forth herein), (b) any
    reference herein to any Person shall be construed to include such Person’s successors and assigns, (c) 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, (d) 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 and (e) the words “asset” and “property”
    shall be construed to have the same meaning and effect and to refer to any right or interest in or to assets and properties of any kind whatsoever, whether real, personal or mixed and whether tangible or intangible.

   

  Section 1.03         Certain Matters of Construction. References in this Agreement to “determination”
    by any Agent include good faith estimates by such Agent (in the case of quantitative determinations) and good faith beliefs by such Agent (in the case of qualitative determinations). A Default or Event of Default shall be deemed to exist at all times
    during the period commencing on the date that such Default or Event of Default occurs to the date on which such Default or Event of Default is waived in writing pursuant to this Agreement or, in the case of a Default, is cured within any period of cure
    expressly provided for in this Agreement; and an Event of Default shall “continue” or be “continuing” until such Event of Default has been waived in writing by the Required Lenders. Any Lien referred to in this Agreement or any other Loan Document as
    having been created in favor of any Agent, any agreement entered into by any Agent pursuant to this Agreement or any other Loan Document, any payment made by or to or funds received by any Agent pursuant to or as contemplated by this Agreement or any
    other Loan Document, or any act taken or omitted to be taken by any Agent, shall, unless otherwise expressly provided, be created, entered into, made or received, or taken or omitted, for the benefit or account of the Agents and the Lenders. Wherever
    the phrase “to the knowledge of any Loan Party” or words of similar import relating to the knowledge or the awareness of any Loan Party are used in this Agreement or any other Loan Document, such phrase shall mean and refer to (i) the actual knowledge
    of a senior officer of any Loan Party or (ii) the knowledge that a senior officer would have obtained if such officer had engaged in good faith and diligent performance of such officer’s duties, including the making of such reasonably specific
    inquiries as may be necessary of the employees or agents of such Loan Party and a good faith attempt to ascertain the existence or accuracy of the matter to which such phrase relates. All covenants hereunder shall be given independent effect so that if
    a particular action or condition is not permitted by any of such covenants, the fact that it would be permitted by an exception to, or otherwise within the limitations of, another covenant shall not avoid the occurrence of a default if such action is
    taken or condition exists. In addition, all representations and warranties hereunder shall be given independent effect so that if a particular representation or warranty proves to be incorrect or is breached, the fact that another representation or
    warranty concerning the same or similar subject matter is correct or is not breached will not affect the incorrectness of a breach of a representation or warranty hereunder.

  
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  Section 1.04         Accounting and Other Terms.

   

  (a)        Unless otherwise expressly provided herein, each accounting term used herein shall have the meaning given it under GAAP. For purposes
    of determining compliance with any incurrence or expenditure tests set forth in Section 7.01, 7.02 and 7.03, any amounts so incurred or expended (to the extent incurred or expended in a currency other than Dollars) shall be converted into Dollars on
    the basis of the exchange rates (as shown on the Bloomberg currency page for such currency or, if the same does not provide such exchange rate, by reference to such other publicly available service for displaying exchange rates as may be reasonably
    selected by the Agents or, in the event no such service is selected, on such other basis as is reasonably satisfactory to the Agents) as in effect on the date of such incurrence or expenditure under any provision of any such Section that has an
    aggregate Dollar limitation provided for therein (and to the extent the respective incurrence or expenditure test regulates the aggregate amount outstanding at any time and it is expressed in terms of Dollars, all outstanding amounts originally
    incurred or spent in currencies other than Dollars shall be converted into Dollars on the basis of the exchange rates (as shown on the Bloomberg currency page for such currency or, if the same does not provide such exchange rate, by reference to such
    other publicly available service for displaying exchange rates as may be reasonably selected by the Agents or, in the event no such service is selected, on such other basis as is reasonably satisfactory to the Agents) as in effect on the date of any
    new incurrence or expenditures made under any provision of any such Section that regulates the Dollar amount outstanding at any time). Notwithstanding the foregoing, (i) with respect to the accounting for leases as either operating leases or capital
    leases and the impact of such accounting in accordance with FASB ASC 842 on the definitions and covenants herein, GAAP as in effect on December 31, 2018 shall be applied, (ii) for purposes of determining compliance with any covenant (including the
    computation of any financial covenant) contained herein, Indebtedness of the Ultimate Parent and its Subsidiaries shall be deemed to be carried at 100% of the outstanding principal amount thereof, and the effects of FASB ASC 825 and FASB ASC 470-20 on
    financial liabilities shall be disregarded and (iii) with respect to revenue recognition and the impact of such accounting in accordance with FASB ASC 606 on the definitions and covenants herein, GAAP as in effect on December 31, 2017 shall be applied.

   

  (b)        All terms used in this Agreement which are defined in Article 8 or 9 of the Uniform Commercial Code as in effect from time to time in
    the State of New York (the “Uniform Commercial Code” or the “UCC”) and which are not otherwise defined herein shall have the same meanings herein as set forth therein; provided that terms used herein which are defined in the Uniform
    Commercial Code as in effect in the State of New York on the date hereof shall continue to have the same meaning notwithstanding any replacement or amendment of such statute, except as any Agent may otherwise determine.

   

  Section 1.05         Time References. Unless otherwise indicated herein, all references to time of day
    refer to Eastern Standard Time or Eastern Daylight Saving Time, as in effect in New York City on such day. For purposes of the computation of a period of time from a specified date to a later specified date, the word “from” means “from and including”
    and the words “to” and “until” each means “to but excluding”; provided, however, that with respect to a computation of fees or interest payable to any Secured Party, such period shall in any event consist of at least one full day.

  
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  Section 1.06         Obligation to Make Payments in Dollars. All payments to be made by any Loan Party
    of principal, interest, fees and other Obligations under any Loan Document shall be made in Dollars in same day funds, and no obligation of any Loan Party to make any such payment shall be discharged or satisfied by any payment other than payments made
    in Dollars in same day funds.

   

  Section 1.07        Pro Forma Calculations. Notwithstanding any other provision set forth herein to
    the contrary, the parties hereto acknowledge and agree that, for purposes of all calculations made in determining compliance for any applicable period with the financial covenants set forth in Section 7.03 (including, without limitation, for purposes
    of determining pro forma compliance with such financial covenants pursuant to the requirements of any other section hereof or, if used without reference to a financial covenant), (a) with respect to any Permitted Acquisition consummated during the
    applicable period, (i) income statement items, cash flow statement items and other balance sheet items (whether positive or negative) attributable to the Person acquired in such transaction shall be included in such calculations (including, without
    limitation, the calculation of Consolidated EBITDA, in a manner consistent with the definition thereof) and such transaction shall be deemed to have occurred as of the first day of such applicable period and (ii) Indebtedness of a Person which is
    retired in connection with a Permitted Acquisition or other such acquisition shall be excluded from such calculations and deemed to have been retired as of the first day of such applicable period (and assuming that such Indebtedness bears interest
    during any portion of the applicable measurement period prior to the relevant acquisition at the interest rates applicable thereto at the date incurred, assumed or repaid), (b) with respect to any Permitted Disposition consummated during the applicable
    period, (i) income statement items, cash flow statement items and other balance sheet items (whether positive or negative) attributable to the property or assets disposed of shall be excluded in such calculations and such transaction shall be deemed to
    have occurred as of the first day of such applicable period and (ii) Indebtedness that is repaid with the proceeds of such Disposition shall be excluded from such calculations and deemed to have been repaid as of the first day of such applicable period
    (and assuming that such Indebtedness bears interest during any portion of the applicable measurement period prior to the relevant acquisition at the interest rates applicable thereto at the date incurred, assumed or repaid) and (c) with respect to each
    of the calculations referred to in the foregoing clauses (a) and (b), pro forma adjustments may be included to the extent that such adjustments (i) have been realized or (ii) have been certified by (A) the chief financial officer of the Parent as
    having been determined in good faith to be reasonably anticipated to be realized within 9 months following such Permitted Acquisition or Permitted Disposition, to the extent approved by the Administrative Agent in writing (such approval not to be
    unreasonably withheld or delayed) or (B) a nationally recognized third party accounting firm; provided that (1) the aggregate amount of pro forma adjustments to Consolidated EBITDA made in connection with any Permitted Acquisitions and Permitted
    Dispositions for any 4 consecutive Fiscal Quarters of the Parent and its Subsidiaries shall not exceed the 5.0% of Consolidated EBITDA (without giving effect to such adjustment) and (2) the aggregate amount added back to Consolidated EBITDA pursuant
    clause (ix) and clause (x) of the definition of Consolidated EBITDA and the aggregate amount of pro forma adjustments to Consolidated EBITDA made pursuant to this Section 1.07(c) for any 4 consecutive Fiscal Quarters of the Parent and its Subsidiaries
    shall not exceed (I) for the period ending March 31, 2021, 20.0% of Consolidated EBITDA (without giving effect to such addbacks and adjustments), (II) for the period ending June 30, 2021, 15.0% of Consolidated EBITDA (without giving effect to such
    addbacks and adjustments), (III) for the period ending September 30, 2021, 12.5% of Consolidated EBITDA (without giving effect to such addbacks and adjustments), (IV) for the period ending December 31, 2021, 10.0% of Consolidated EBITDA (without giving
    effect to such addbacks and adjustments) and (V) for any period ending thereafter, 7.5% of Consolidated EBITDA (without giving effect to such addbacks and adjustments).

  
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  ARTICLE II

   

  THE LOANS

   

  Section 2.01         Commitments.

   

  (a)        Subject to the terms and conditions and relying upon the representations and warranties herein set forth:

   

  (i)           each Revolving Loan Lender severally agrees to make Revolving Loans to the Borrowers at any time and from time to time during the term
    of this Agreement, in an aggregate principal amount of Revolving Loans at any time outstanding not to exceed the amount of such Lender’s Revolving Credit Commitment; and

   

  (ii)           each Term Loan Lender severally agrees to make the Term Loan to the Borrowers on the Effective Date, in an aggregate principal amount
    not to exceed the amount of such Lender’s Term Loan Commitment.

   

  (b)       Notwithstanding the foregoing:

   

  (i)           The aggregate principal amount of Revolving Loans outstanding at any time to the Borrowers shall not exceed the Total Revolving Credit
    Commitment. The Revolving Credit Commitment of each Lender shall automatically and permanently be reduced to zero on the Final Maturity Date. Within the foregoing limits, the Borrowers may borrow, repay and reborrow, the Revolving Loans on or after the
    Effective Date and prior to the Final Maturity Date, subject to the terms, provisions and limitations set forth herein. Notwithstanding the foregoing, no more than $20,000,000 of the Revolving Loans shall be advanced on the Effective Date.

   

  (ii)           The aggregate principal amount of the Term Loan made on the Effective Date shall not exceed the Total Term Loan Commitment. Any
    principal amount of the Term Loan which is repaid or prepaid may not be reborrowed.

   

  Section 2.02         Making the Loans.

   

  (a)        The Administrative Borrower shall give the Administrative Agent prior written notice, in substantially the form of Exhibit C
    hereto (a “Notice of Borrowing”), not later than 12:00 noon (New York City time) on the date which is five Business Days prior to the date of the proposed Loan (and, in the case of any borrowings of Revolving Loans in excess of $20,000,000, not
    later than 12:00 noon (New York City time) on the date which is ten Business Days prior to the date of the proposed Loan) (or, in each case, such shorter period as the Administrative Agent is willing to accommodate from time to time, but in no event
    later than 12:00 noon (New York City time) on the borrowing date of the proposed Loan). Such Notice of Borrowing shall be irrevocable and shall specify (i) the principal amount of the proposed Loan, (ii) in the case of Loans requested on the Effective
    Date, whether such Loan is requested to be a Revolving Loan or the Term Loan, (iii) whether the Loan is requested to be a Reference Rate Loan or a LIBOR Rate Loan and, in the case of a LIBOR Rate Loan, the initial Interest Period with respect thereto,
    (iv) the use of the proceeds of such proposed Loan, (v) applicable wire instructions for the proceeds of such proposed Loan and (vi) the proposed borrowing date, which must be a Business Day, and, with respect to the Term Loan, must be the Effective
    Date. The Administrative Agent and the Lenders may act without liability upon the basis of written or telecopied notice believed by the Administrative Agent in good faith to be from the Administrative Borrower (or from any Authorized Officer thereof
    designated in writing purportedly from the Administrative Borrower to the Administrative Agent). The Administrative Agent and each Lender shall be entitled to rely conclusively on any Authorized Officer’s authority to request a Loan on behalf of the
    Borrowers until the Administrative Agent receives written notice to the contrary. The Administrative Agent and the Lenders shall have no duty to verify the authenticity of the signature appearing on any written Notice of Borrowing.

  
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  (b)          Each Notice of Borrowing pursuant to this Section 2.02 shall be irrevocable and the Borrowers shall be bound to make a borrowing in
    accordance therewith. Each Revolving Loan shall be made in a minimum amount of $500,000 and shall be in an integral multiple of $100,000.

   

  (c)          (i)        Except as otherwise provided in this Section 2.02(c), all Loans under this Agreement shall be made by the Lenders
    simultaneously and proportionately to their Pro Rata Shares of the Total Revolving Credit Commitment or the Total Term Loan Commitment, as the case may be, it being understood that no Lender shall be responsible for any default by any other Lender in
    that other Lender’s obligations to make a Loan requested hereunder, nor shall the Commitment of any Lender be increased or decreased as a result of the default by any other Lender in that other Lender’s obligation to make a Loan requested hereunder,
    and each Lender shall be obligated to make the Loans required to be made by it by the terms of this Agreement regardless of the failure by any other Lender.

   

  (ii)       Notwithstanding any other provision of this Agreement, and in order to reduce the number of fund transfers among the Borrowers, the
    Agents and the Lenders, the Borrowers, the Agents and the Lenders agree that the Administrative Agent may (but shall not be obligated to), and the Borrowers and the Lenders hereby irrevocably authorize the Administrative Agent to, fund, on behalf of
    the Revolving Loan Lenders, Revolving Loans pursuant to Section 2.01, subject to the procedures for settlement set forth in Section 2.02(d); provided, however, that (A) the Administrative Agent shall in no event fund any such Revolving Loans if the
    Administrative Agent shall have received written notice from the Collateral Agent or the Required Lenders on the Business Day prior to the date of the proposed Revolving Loan that one or more of the conditions precedent contained in Section 5.02 will
    not be satisfied at the time of the proposed Revolving Loan, and (B) the Administrative Agent shall not otherwise be required to determine that, or take notice whether, the conditions precedent in Section 5.02 have been satisfied. If the Administrative
    Borrower gives a Notice of Borrowing requesting a Revolving Loan and the Administrative Agent elects not to fund such Revolving Loan on behalf of the Revolving Loan Lenders, then promptly after receipt of the Notice of Borrowing requesting such
    Revolving Loan, the Administrative Agent shall notify each Revolving Loan Lender of the specifics of the requested Revolving Loan and that it will not fund the requested Revolving Loan on behalf of the Revolving Loan Lenders. If the Administrative
    Agent notifies the Revolving Loan Lenders that it will not fund a requested Revolving Loan on behalf of the Revolving Loan Lenders, each Revolving Loan Lender shall make its Pro Rata Share of the Revolving Loan available to the Administrative Agent, in
    immediately available funds, in the Administrative Agent’s Account no later than 2:00 p.m. (New York City time) (provided that the Administrative Agent requests payment from such Revolving Loan Lender not later than 12:00 p.m. (New York City time)) on
    the date of the proposed Revolving Loan. The Administrative Agent will make the proceeds of all such requested Revolving Loans available to the Borrowers on the day of the proposed Revolving Loan by causing an amount, in immediately available funds,
    equal to the proceeds of all such Revolving Loans received by the Administrative Agent in the Administrative Agent’s Account or the amount funded by the Administrative Agent on behalf of the Revolving Loan Lenders to be deposited in an account
    designated by the Administrative Borrower.

  
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  (iii)        If the Administrative Agent has notified the Revolving Loan Lenders that the Administrative Agent, on behalf of the Revolving Loan
    Lenders, will not fund a particular Revolving Loan pursuant to Section 2.02(c)(ii), the Administrative Agent may assume that each such Revolving Loan Lender has made such amount available to the Administrative Agent on such day and the Administrative
    Agent, in its sole discretion, may, but shall not be obligated to, cause a corresponding amount to be made available to the Borrowers on such day. If the Administrative Agent makes such corresponding amount available to the Borrowers and such
    corresponding amount is not in fact made available to the Administrative Agent by any such Revolving Loan Lender, the Administrative Agent shall be entitled to recover such corresponding amount on demand from such Revolving Loan Lender together with
    interest thereon, for each day from the date such payment was due until the date such amount is paid to the Administrative Agent, at the Federal Funds Rate for three Business Days and thereafter at the Reference Rate. During the period in which such
    Revolving Loan Lender has not paid such corresponding amount to the Administrative Agent, notwithstanding anything to the contrary contained in this Agreement or any other Loan Document, the amount so advanced by the Administrative Agent to the
    Borrowers shall, for all purposes hereof, be a Revolving Loan made by the Administrative Agent for its own account. Upon any such failure by a Revolving Loan Lender to pay the Administrative Agent, the Administrative Agent shall promptly thereafter
    notify the Administrative Borrower of such failure and the Borrowers shall immediately pay such corresponding amount to the Administrative Agent for its own account.

   

  (iv)        Nothing in this Section 2.02(c) shall be deemed to relieve any Revolving Loan Lender from its obligations to fulfill its Revolving
    Credit Commitment hereunder or to prejudice any rights that the Administrative Agent or the Borrowers may have against any Revolving Loan Lender as a result of any default by such Revolving Loan Lender hereunder.

   

  (d)           (i)          With respect to all periods for which the Administrative Agent has funded Revolving Loans pursuant to Section 2.02(c),
    on Friday of each week, or if the applicable Friday is not a Business Day, then on the following Business Day, or such shorter period as the Administrative Agent may from time to time select (any such week or shorter period being herein called a “Settlement

      Period”), the Administrative Agent shall notify each Revolving Loan Lender of the unpaid principal amount of the Revolving Loans outstanding as of the last day of each such Settlement Period. In the event that such amount is greater than the
    unpaid principal amount of the Revolving Loans outstanding on the last day of the Settlement Period immediately preceding such Settlement Period (or, if there has been no preceding Settlement Period, the amount of the Revolving Loans made on the date
    of such Revolving Loan Lender’s initial funding), each Revolving Loan Lender shall promptly (and in any event not later than 2:00 p.m. (New York City time) if the Administrative Agent requests payment from such Lender not later than 12:00 noon (New
    York City time) on such day) make available to the Administrative Agent its Pro Rata Share of the difference in immediately available funds. In the event that such amount is less than such unpaid principal amount, the Administrative Agent shall
    promptly pay over to each Revolving Loan Lender its Pro Rata Share of the difference in immediately available funds. In addition, if the Administrative Agent shall so request at any time when a Default or an Event of Default shall have occurred and be
    continuing, or any other event shall have occurred as a result of which the Administrative Agent shall determine that it is desirable to present claims against the Borrowers for repayment, each Revolving Loan Lender shall promptly remit to the
    Administrative Agent or, as the case may be, the Administrative Agent shall promptly remit to each Revolving Loan Lender, sufficient funds to adjust the interests of the Revolving Loan Lenders in the then outstanding Revolving Loans to such an extent
    that, after giving effect to such adjustment, each such Revolving Loan Lender’s interest in the then outstanding Revolving Loans will be equal to its Pro Rata Share thereof. The obligations of the Administrative Agent and each Revolving Loan Lender
    under this Section 2.02(d) shall be absolute and unconditional. Each Revolving Loan Lender shall only be entitled to receive interest on its Pro Rata Share of the Revolving Loans which have been funded by such Revolving Loan Lender.

  
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  (ii)        In the event that any Revolving Loan Lender fails to make any payment required to be made by it pursuant to Section 2.02(d)(i), the
    Administrative Agent shall be entitled to recover such corresponding amount on demand from such Revolving Loan Lender together with interest thereon, for each day from the date such payment was due until the date such amount is paid to the
    Administrative Agent, at the Federal Funds Rate for three Business Days and thereafter at the Reference Rate. During the period in which such Revolving Loan Lender has not paid such corresponding amount to the Administrative Agent, notwithstanding
    anything to the contrary contained in this Agreement or any other Loan Document, the amount so advanced by the Administrative Agent to the Borrowers shall, for all purposes hereof, be a Revolving Loan made by the Administrative Agent for its own
    account. Upon any such failure by a Revolving Loan Lender to pay the Administrative Agent, the Administrative Agent shall promptly thereafter notify the Administrative Borrower of such failure and the Borrowers shall immediately pay such corresponding
    amount to the Administrative Agent for its own account. Nothing in this Section 2.02(d)(ii) shall be deemed to relieve any Revolving Loan Lender from its obligation to fulfill its Revolving Credit Commitment hereunder or to prejudice any rights that
    the Administrative Agent or the Borrowers may have against any Revolving Loan Lender as a result of any default by such Revolving Loan Lender hereunder.

   

  Section 2.03          Repayment of Loans; Evidence of Debt.

   

  (a)       The outstanding principal of all Revolving Loans shall be due and payable on the Final Maturity Date or, if earlier, on the date on
    which they are declared due and payable pursuant to the terms of this Agreement.

   

  (b)       The outstanding principal amount of the Term Loan shall be repayable on the following dates and in the following amounts set forth
    opposite such dates:

   

  	Date	Amount
	June 30, 2021	$275,000
	September 30, 2021	$275,000
	December 31, 2021	$275,000
	March 31, 2022	$687,500
	June 30, 2022	$687,500
	September 30, 2022	$687,500
	December 31, 2022	$687,500
	March 31, 2023 and on the last day of each Fiscal Quarter ending
            thereafter	$1,375,000

   

  ; provided, however, that (i) if any such date is not a Business Day then the installment due on such date shall instead be paid on the immediately preceding Business
    Day and (ii) the last such installment shall be in the amount necessary to repay in full the unpaid principal amount of the Term Loan. The outstanding unpaid principal amount of the Term Loan, and all accrued and unpaid interest thereon, shall be due
    and payable on the earliest of (A) the termination of the Total Revolving Credit Commitment, (B) the Final Maturity Date and (C) the date on which the Term Loan is declared due and payable pursuant to the terms of this Agreement.

  
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  (c)           Each Lender shall maintain in accordance with its usual practice an account or accounts evidencing the Indebtedness of the Borrowers
    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.

   

  (d)          The Administrative Agent shall maintain accounts in which it shall record (i)  the amount of
    each Loan made hereunder, (ii) the amount of any principal or interest due and payable or to become due and payable from the Borrowers 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.

   

  (e)          The entries made in the accounts maintained pursuant to Section 2.03(c) or 2.03(d) shall be
    prima facie evidence of the existence and amounts of the obligations recorded therein; provided that (i) 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 Borrowers to repay the Loans in accordance with the terms of this Agreement and (ii) in the event of any conflict between the entries made in the accounts maintained pursuant to Section 2.03(c) and the accounts maintained pursuant to Section
    2.03(d), the accounts maintained pursuant to Section 2.03(d) shall govern and control.

   

  (f)           Any Lender may request that Loans made by it be evidenced by a promissory note. In such event, the Borrowers shall execute and
    deliver to such Lender a promissory note payable to the order of such Lender (or, if requested by such Lender, to such Lender and its registered assigns) in substantially the form of Exhibit F hereto. Thereafter, the Loans evidenced by such promissory
    note and interest thereon shall at all times (including after assignment pursuant to Section 12.07) be represented by one or more promissory notes in such form payable to the order of the payee named therein (or, if such promissory note is a registered
    note, to such payee and its registered assigns).

   

  Section 2.04           Interest.

   

  (a)          Revolving Loans. Subject to the terms of this Agreement, at the option of the Administrative Borrower, each Revolving Loan
    shall be either a Reference Rate Loan or a LIBOR Rate Loan. Each Revolving Loan that is a Reference Rate Loan shall bear interest on the principal amount thereof from time to time outstanding, from the date of such Loan until repaid, at a rate per
    annum equal to the Reference Rate plus the Applicable Margin. Each Revolving Loan that is a LIBOR Rate Loan shall bear interest on the principal amount thereof from time to time outstanding, from the date of such Loan until repaid, at a rate per annum
    equal to the LIBOR Rate for the Interest Period in effect for such Loan plus the Applicable Margin.

   

  (b)          Term Loan. Subject to the terms of this Agreement, at the option of the Administrative Borrower, the Term Loan or any portion
    thereof shall be either a Reference Rate Loan or a LIBOR Rate Loan. Each portion of the Term Loan that is a Reference Rate Loan shall bear interest on the principal amount thereof from time to time outstanding, from the date of the Term Loan until
    repaid, at a rate per annum equal to the Reference Rate plus the Applicable Margin, and each portion of the Term Loan that is a LIBOR Rate Loan shall bear interest on the principal amount thereof from time to time outstanding, from the date of the Term
    Loan until repaid, at a rate per annum equal to the LIBOR Rate for the Interest Period in effect for the Term Loan (or such portion thereof) plus the Applicable Margin.

  
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  (c)           Default Interest. To the extent permitted by law and notwithstanding anything to the contrary in this Section, upon the
    occurrence and during the continuance of an Event of Default, at the election of the Collateral Agent or Required Lenders (and automatically upon the occurrence and during the continuance of any Event of Default pursuant to Section 9.01(a), Section
    9.01(f) or Section 9.01(g)), the principal of, and all accrued and unpaid interest on, all Loans, fees, indemnities, or any other Obligations of the Loan Parties under this Agreement and the other Loan Documents, shall bear interest, from the date such
    Event of Default occurred until the date such Event of Default is cured or waived in writing in accordance herewith, at a rate per annum equal at all times to the Post-Default Rate.

   

  (d)           Interest Payment . Interest on each Loan shall be payable monthly, in arrears, on the last Business Day of each month,
    commencing on the last Business Day of the month in which such Loan is made, and at maturity (whether upon demand, by acceleration or otherwise). Interest at the Post-Default Rate shall be payable on demand. Each Borrower hereby authorizes the
    Administrative Agent to, and the Administrative Agent may, from time to time, charge the Loan Account pursuant to Section 4.01 with the amount of any interest payment due hereunder.

   

  (e)          General. All interest shall be computed on the basis of a year of 360 days for the actual number of days, including the first
    day but excluding the last day, elapsed.

   

  Section 2.05          Reduction of Commitment; Prepayment of Loans.

   

  (a)          Reduction of Commitments.

   

  (i)             Revolving Credit Commitments. The Total Revolving Credit Commitment shall terminate on the Final Maturity Date. The Borrowers
    may reduce the Total Revolving Credit Commitment to an amount (which may be zero) not less than the sum of (A) the aggregate unpaid principal amount of all Revolving Loans then outstanding, and (B) the aggregate principal amount of all Revolving Loans
    not yet made as to which a Notice of Borrowing has been given by the Administrative Borrower under Section 2.02. Each such reduction shall be (1) in an amount which is an integral multiple of $1,000,000 (or by the full amount of the Total Revolving
    Credit Commitment in effect immediately prior to such reduction if such amount at that time is less than $1,000,000), (2) made by providing not less than five Business Days’ prior written notice to the Administrative Agent, (3) irrevocable and (4)
    accompanied by the payment of the Applicable Premium, if any, payable in connection with such reduction of the Total Revolving Credit Commitment. Once reduced, the Total Revolving Credit Commitment may not be increased. Each such reduction of the Total
    Revolving Credit Commitment shall reduce the Revolving Credit Commitment of each Lender proportionately in accordance with its Pro Rata Share thereof.

   

  (ii)             Term Loan. The Total Term Loan Commitment shall terminate at 5:00 p.m. (New York City time) on the Effective Date.

   

  (b)          Optional Prepayment.

   

  (i)             Revolving Loans. The Borrowers may, at any time and from time to time, upon at least 3 Business Days’ prior written notice to
    the Administrative Agent, prepay the principal of any Revolving Loan, in whole or in part. Each prepayment made pursuant to this Section 2.05(b)(i) in connection with a reduction of the Total Revolving Credit Commitment pursuant to Section 2.05(a)(i)
    above shall be accompanied by the payment of the Applicable Premium, if any, payable in connection with such reduction of the Total Revolving Credit Commitment.

  
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  (ii)             Term Loan. The Borrowers may, at any time and from time to time, upon at least 5 Business Days’ prior written notice to the
    Administrative Agent, prepay the principal of the Term Loan, in whole or in part. Each prepayment made pursuant to this Section 2.05(b)(ii) shall be accompanied by the payment of (A) accrued interest to the date of such payment on the amount prepaid
    and (B) the Applicable Premium, if any, payable in connection with such prepayment of the Term Loan. Each such prepayment shall be applied against the remaining installments of principal due on the Term Loan in the inverse order of maturity.

   

  (iii)            Termination of Agreement. The Borrowers may, upon at least 10 days prior written notice to the Administrative Agent,
    terminate this Agreement by paying to the Administrative Agent, in cash, the Obligations, in full, plus the Applicable Premium, if any, payable in connection with such termination of this Agreement. If the Administrative Borrower has sent a notice of
    termination pursuant to this Section 2.05(b)(iii), then the Lenders’ obligations to extend credit hereunder shall terminate and the Borrowers shall be obligated to repay the Obligations, in full, plus the Applicable Premium, if any, payable in
    connection with such termination of this Agreement on the date set forth as the date of termination of this Agreement in such notice.

   

  (c)          Mandatory Prepayment.

   

  (i)              Contemporaneously with the delivery to the Agents and the Lenders of audited annual financial statements pursuant to Section
    7.01(a)(iii), commencing with the delivery to the Agents and the Lenders of the financial statements for the Fiscal Year ended December 31, 2021 or, if such financial statements are not delivered to the Agents and the Lenders on the date such
    statements are required to be delivered pursuant to Section 7.01(a)(iii), on the date such statements are required to be delivered to the Agents and the Lenders pursuant to Section 7.01(a)(iii), the Borrowers shall, if the Leverage Ratio of the
    Ultimate Parent and its Subsidiaries as of the end of such Fiscal Year is (A) greater than 3.50 to 1.00, prepay the outstanding principal amount of the Loans in accordance with Section 2.05(d) in an amount equal to the result of (to the extent
    positive) (1) 50% of the Excess Cash Flow of the Ultimate Parent and its Subsidiaries for such Fiscal Year minus (2) the aggregate principal amount of all payments made by the Borrowers pursuant to Section 2.05(b) for such Fiscal Year (in the case of
    payments made by the Borrowers pursuant to Section 2.05(b)(i), only to the extent that the Total Revolving Credit Commitment is permanently reduced by the amount of such payments), or (B) equal to or less than 3.50 to 1.00, prepay the outstanding
    principal amount of the Loans in accordance with Section 2.05(d) in an amount equal to the result of (to the extent positive) (1) 25% of the Excess Cash Flow of the Ultimate Parent and its Subsidiaries for such Fiscal Year minus (2) the aggregate
    principal amount of all payments made by the Borrowers pursuant to Section 2.05(b) for such Fiscal Year (in the case of payments made by the Borrowers pursuant to Section 2.05(b)(i), only to the extent that the Total Revolving Credit Commitment is
    permanently reduced by the amount of such payments).

   

  (ii)             Immediately upon any Disposition (excluding Dispositions which qualify as Permitted Dispositions under clauses (a), (b), (c), (d),
    (e), (f) or (g) of the definition of Permitted Disposition) by any Loan Party or its Subsidiaries, the Borrowers shall prepay the outstanding principal amount of the Loans in accordance with Section 2.05(d) in an amount equal to 100% of the Net Cash
    Proceeds received by such Person in connection with such Disposition to the extent that the aggregate amount of Net Cash Proceeds received by all Loan Parties and their Subsidiaries (and not paid to the Administrative Agent as a prepayment of the
    Loans) shall exceed for all such Dispositions $1,000,000 in any Fiscal Year. Nothing contained in this Section 2.05(c)(ii) shall permit any Loan Party or any of its Subsidiaries to make a Disposition of any property other than in accordance with
    Section 7.02(c)(ii)

  
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  (iii)            Upon the issuance or incurrence by any Loan Party or any of its Subsidiaries of any Indebtedness (other than Permitted
    Indebtedness), or upon an Equity Issuance (other than any Excluded Equity Issuances), the Borrowers shall prepay the outstanding amount of the Loans in accordance with Section 2.05(d) in an amount equal to (A) with respect to any Indebtedness (other
    than Permitted Indebtedness), 100% of the Net Cash Proceeds received by such Person in connection therewith and (B) with respect to an Equity Issuance (other than any Excluded Equity Issuances), 50% of the Net Cash Proceeds received by such Person in
    connection therewith. The provisions of this Section 2.05(c)(iii) shall not be deemed to be implied consent to any such issuance, incurrence or sale otherwise prohibited by the terms and conditions of this Agreement.

   

  (iv)           Upon the receipt by any Loan Party or any of its Subsidiaries of any Extraordinary Receipts, the Borrowers shall prepay the
    outstanding principal of the Loans in accordance with Section 2.05(d) in an amount equal to 100% of the Net Cash Proceeds received by such Person in connection therewith to the extent that the aggregate amount of Net Cash Proceeds received by all Loan
    Parties and their Subsidiaries (and not paid to the Administrative Agent as a prepayment of the Loans) shall exceed for all such Extraordinary Receipts $1,000,000 in any Fiscal Year.

   

  (v)             Immediately upon receipt by the Borrowers of the proceeds of any Permitted Cure Equity pursuant to Section 9.02, the Borrowers shall
    prepay the outstanding principal of the Loans in accordance with Section 2.05(d) in an amount equal to 100% of such proceeds.

   

  (vi)            Notwithstanding the foregoing, with respect to Net Cash Proceeds received by any Loan Party or any of its Subsidiaries in connection
    with a Disposition or the receipt of Extraordinary Receipts consisting of insurance proceeds or condemnation awards that are required to be used to prepay the Obligations pursuant to Section 2.05(c)(ii) or 2.05(c)(iv), as the case may be, up to
    $5,000,000 in the aggregate in any Fiscal Year of the Net Cash Proceeds from all such Dispositions and Extraordinary Receipts shall not be required to be so used to prepay the Obligations to the extent that such Net Cash Proceeds are used to replace,
    repair or restore properties or assets (other than current assets) used in such Person’s business; provided that, (A) no Default or Event of Default has occurred and is continuing on the date such Person receives such Net Cash Proceeds, (B) the
    Administrative Borrower delivers a certificate to the Administrative Agent within five days after such Disposition or loss, destruction or taking, as the case may be, stating that such Net Cash Proceeds shall be used to replace, repair or restore
    properties or assets used in such Person’s business within a period specified in such certificate not to exceed 180 days after the date of receipt of such Net Cash Proceeds (which certificate shall set forth estimates of the Net Cash Proceeds to be so
    expended), (C) such Net Cash Proceeds are deposited in an account subject to a Control Agreement, and (D) upon the earlier of (1) the expiration of the period specified in the relevant certificate furnished to the Administrative Agent pursuant to
    clause (B) above or (2) the occurrence of a Default or an Event of Default, such Net Cash Proceeds, if not theretofore so used, shall be used to prepay the Obligations in accordance with Section 2.05(c)(ii) or 2.05(c)(iv) as applicable.

   

  (d)          Application of Payments. Each prepayment pursuant to subsections (c)(i), (c)(ii), (c)(iii), (c)(iv) and (c)(v) above shall be
    applied, first, to the Term Loan, until paid in full, and second, to the Revolving Loans (with a corresponding permanent reduction in the Revolving Credit Commitments), until paid in full. Each such prepayment of the Term Loan shall be applied against
    the remaining installments of principal of the Term Loan in the inverse order of maturity. Notwithstanding the foregoing, after the occurrence and during the continuance of an Event of Default, if the Administrative Agent has elected, or has been
    directed by the Collateral Agent or the Required Lenders, to apply payments in respect of any Obligations in accordance with Section 4.03(b), prepayments required under Section 2.05(c) shall be applied in the manner set forth in Section 4.03(b).

   

  (e)           Interest and Fees. Any prepayment made pursuant to this Section 2.05 (other than any prepayment made pursuant to Section
    2.05(b)(i)) shall be accompanied by (i) accrued interest on the principal amount being prepaid to the date of prepayment, (ii) any Funding Losses payable pursuant to Section 2.08, (iii) the Applicable Premium, if any, payable in connection with such
    prepayment of the Loans to the extent required under Section 2.06(c) and (iv) if such prepayment would reduce the amount of the outstanding Loans to zero at a time when the Total Revolving Credit Commitment has been terminated, such prepayment shall be
    accompanied by the payment of all fees accrued to such date pursuant to Section 2.06.

  
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  (f)           Cumulative Prepayments. Except as otherwise expressly provided in this Section 2.05, payments with respect to any subsection
    of this Section 2.05 are in addition to payments made or required to be made under any other subsection of this Section 2.05.

   

  (g)          Waivable Mandatory Prepayments. Anything contained herein to the contrary notwithstanding, in the event that the Borrowers are
    required to make any mandatory prepayment (a “Waivable Mandatory Prepayment”) of the Loans pursuant to Section 2.05(c), not less than 3 Business Days prior to the date on which the Borrowers are required to make such Waivable Mandatory
    Prepayment (the “Required Prepayment Date”), the Administrative Borrower shall notify the Administrative Agent in writing of the amount of such prepayment, and the Administrative Agent will promptly thereafter notify each Lender holding an
    outstanding Loan of the amount of such Lender’s Pro Rata Share of such Waivable Mandatory Prepayment and such Lender’s option to refuse such amount (the “Refusal Option”). Each such Lender may exercise the Refusal Option by giving written notice
    to the Administrative Borrower and the Administrative Agent of its election to do so on or before 12:00 noon (New York City time) one Business Day prior to the Required Prepayment Date (it being understood that any Lender that does not notify the
    Administrative Borrower and the Administrative Agent of its election to exercise the Refusal Option on or before 12:00 noon (New York City time) one Business Day prior to the Required Prepayment Date shall be deemed to have elected, as of such date,
    not to exercise the Refusal Option). On the Required Prepayment Date, the Borrowers shall pay to the Administrative Agent the amount of the Waivable Mandatory Prepayment, which amount shall be applied (i) in an amount equal to that portion of the
    Waivable Mandatory Prepayment payable to those Lenders that have elected not to exercise the Refusal Option, to prepay the Loans of such Lenders ratably in accordance with their Pro Rata Shares, and (ii) to the extent of any excess, to those Lenders
    that have elected not to exercise the Refusal Option, on a pro rata basis (based upon the portion of the Loans held by each such Lender that elected not to exercise the Refusal Option, as compared to the amount of Loans held by all such Lenders that
    did not elect to exercise the Refusal Option) to prepay the Loans of such Lenders, or, to the extent any such Lender refuses the excess amount specified in this clause (ii) (or to the extent the Loans of all such Lenders have been repaid in full), to
    the Borrowers for working capital and general corporate purposes.

   

  Section 2.06             Fees.

   

  (a)          Fee Letter. As and when due and payable under the terms of the Fee Letter, the Borrowers shall pay the fees set forth in the
    Fee Letter.

   

  (b)          Unused Line Fee. From and after the Effective Date and until the Termination Date, the Borrowers shall pay to the
    Administrative Agent for the account of the Revolving Loan Lenders, in accordance with their Pro Rata Shares, monthly in arrears on the last Business Day of each month commencing March 31, 2021, an unused line fee (the “Unused Line Fee”), which
    shall accrue at the rate per annum of 0.50% on the excess, if any, of the Total Revolving Credit Commitment over the sum of the average principal amount of all Revolving Loans outstanding from time to time during the preceding month.

   

  (c)            Applicable Premium.

   

  (i)              Upon the occurrence of an Applicable Premium Trigger Event, the Borrower shall pay to the Administrative Agent, for the account of
    the Lenders in accordance with their Pro Rata Shares, the Applicable Premium.

  
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  (ii)             Any Applicable Premium payable in accordance with this Section 2.06(c) shall be presumed to be equal to the liquidated damages
    sustained by the Lenders as the result of the occurrence of the Applicable Premium Trigger Event and the Loan Parties agree that it is reasonable under the circumstances currently existing. THE LOAN PARTIES EXPRESSLY WAIVE THE PROVISIONS OF ANY PRESENT
    OR FUTURE STATUTE OR LAW THAT PROHIBITS OR MAY PROHIBIT THE COLLECTION OF THE FOREGOING APPLICABLE PREMIUM IN CONNECTION WITH ANY ACCELERATION.

   

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

   

  (iv)           Nothing contained in this Section 2.06(c) shall permit any prepayment of the Loans or reduction of the Commitments not otherwise
    permitted by the terms of this Agreement or any other Loan Document.

   

  (d)          Audit and Collateral Monitoring Fees. The Borrowers acknowledge that pursuant to Section 7.01(f), representatives of the
    Agents may visit any or all of the Loan Parties and/or conduct inspections, audits, physical counts, valuations, appraisals, environmental site assessments and/or examinations of any or all of the Loan Parties at any time and from time to time (in each
    case, so long as no Event of Default shall have occurred and be continuing, upon 3 days prior written notice and during normal business hours) . The Borrowers agree to pay (i) $1,500 per day per examiner plus the examiner’s out-of-pocket costs and
    reasonable expenses incurred in connection with all such visits, inspections, audits, physical counts, valuations, appraisals, environmental site assessments and/or examinations and (ii) the reasonable costs of all visits, inspections, audits, physical
    counts, valuations, appraisals, environmental site assessments and/or examinations conducted by a third party on behalf of the Agents; provided that so long as no Event of Default shall have occurred and be continuing, the Borrowers shall not be
    obligated to reimburse the Agents for more than (A) one audit during any calendar year, (B) one physical count during any calendar year, (C) one valuation during any calendar year, (D) one appraisal during any calendar year, (E) one environmental site
    assessment during any calendar year or (F) one examination during any calendar year.

   

  Section 2.07           LIBOR Option.

   

  (a)          The Borrowers may, at any time and from time to time, so long as no Default or Event of Default has occurred and is continuing, elect
    to have interest on all or a portion of the Loans be charged at a rate of interest based upon the LIBOR Rate (the “LIBOR Option”) by notifying the Administrative Agent prior to 11:00 a.m. (New York City time) at least three Business Days prior
    to (i) the proposed borrowing date of a Loan (as provided in Section 2.02), (ii) in the case of the conversion of a Reference Rate Loan to a LIBOR Rate Loan, the commencement of the proposed Interest Period or (iii) in the case of the continuation of a
    LIBOR Rate Loan as a LIBOR Rate Loan, the last day of the then current Interest Period (the “LIBOR Deadline”). Notice of the Borrowers’ election of the LIBOR Option for a permitted portion of the Loans and an Interest Period pursuant to this
    Section 2.07(a) shall be made by delivery to the Administrative Agent of (A) a Notice of Borrowing (in the case of the initial making of a Loan) in accordance with Section 2.02 or (B) a LIBOR Notice prior to the LIBOR Deadline. Promptly upon its
    receipt of each such LIBOR Notice, the Administrative Agent shall provide a copy thereof to each of the Lenders. Each LIBOR Notice shall be irrevocable and binding on the Borrowers.

  
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  (b)          Interest on LIBOR Rate Loans shall be payable in accordance with Section 2.04(d). On the last day of each applicable Interest Period,
    unless the Borrowers properly have exercised the LIBOR Option with respect thereto, the interest rate applicable to such LIBOR Rate Loans automatically shall convert to the rate of interest then applicable to Reference Rate Loans of the same type
    hereunder. At any time that a Default or an Event of Default has occurred and is continuing, the Borrowers no longer shall have the option to request that any portion of the Loans bear interest at the LIBOR Rate and the Administrative Agent shall have
    the right to convert the interest rate on all outstanding LIBOR Rate Loans to the rate of interest then applicable to Reference Rate Loans of the same type hereunder on the last day of the then current Interest Period.

   

  (c)          Notwithstanding anything to the contrary contained in this Agreement, the Borrowers (i) shall have not more than 6 LIBOR Rate Loans
    in effect at any given time, and (ii) only may exercise the LIBOR Option for LIBOR Rate Loans of at least $500,000 and integral multiples of $100,000 in excess thereof.

   

  (d)          The Borrowers may prepay LIBOR Rate Loans at any time; provided, however, that in the event that LIBOR Rate Loans are prepaid on any
    date that is not the last day of the Interest Period applicable thereto, including as a result of any mandatory prepayment pursuant to Section 2.05(c) or any application of payments or proceeds of Collateral in accordance with Section 4.03 or 4.04 or
    for any other reason, including early termination of the term of this Agreement or acceleration of all or any portion of the Obligations pursuant to the terms hereof, the Borrowers shall indemnify, defend and hold the Agents and the Lenders and their
    participants harmless against any and all Funding Losses in accordance with Section 2.08.

   

  (e)          Anything to the contrary contained herein notwithstanding, neither any Agent nor any Lender, nor any of their participants, is
    required actually to acquire eurodollar deposits to fund or otherwise match fund any Obligation as to which interest accrues at the LIBOR Rate. The provisions of this Article II shall apply as if each Lender or its participants had match funded any
    Obligation as to which interest is accruing at the LIBOR Rate by acquiring eurodollar deposits for each Interest Period in the amount of the LIBOR Rate Loans.

   

  (f)           Unless and until a Replacement Rate is implemented in accordance with clause (g) below, if prior to the commencement of any Interest
    Period for any LIBOR Rate Loan,

   

  (i)              the Administrative Agent shall have determined that either Dollar deposits are not being offered to banks in the London interbank
    Eurodollar market for the applicable amount and Interest Period of such Loan, or adequate and reasonable means do not exist for ascertaining LIBOR for such Interest Period, including, without limitation, because the Administrative Agent determines that
    either inadequate or insufficient quotations of the London interbank offered rate exist or the use of “LIBOR” has been discontinued (any determination of Administrative Agent to be conclusive and binding absent manifest error), or

   

  (ii)             the Administrative Agent shall have received notice from the Required Lenders that LIBOR does not adequately and fairly reflect the
    cost to such Lenders of making, funding or maintaining their LIBOR Rate Loans for such Interest Period, 

  
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  then the Administrative Agent shall give written notice to the Administrative Borrower and to the Lenders as soon as practicable thereafter.
    Until the Administrative Agent shall notify the Administrative Borrower and the Lenders that the circumstances giving rise to such notice no longer exist, (A) the obligations of the Lenders to make LIBOR Rate Loans, or to continue or convert
    outstanding Loans as or into LIBOR Rate Loans, shall be suspended and (B) all such affected Loans shall be converted into Reference Rate Loans on the last day of the then current Interest Period applicable thereto.

   

  (g)           Notwithstanding anything to the contrary contained herein, if at any time the Administrative Agent determines (which
    determination shall be conclusive absent manifest error) that (i) the circumstances described in Section 2.07(f)(i) or (f)(ii) have arisen and such circumstances are unlikely to be temporary, (ii) syndicated loans currently being executed, or that
    include language similar to that contained in Section 2.07(f), are being executed or amended (as applicable), to incorporate or adopt a new benchmark interest rate to replace LIBOR or (iii) the supervisor for the administrator of LIBOR or a
    Governmental Authority has made a public statement identifying a specific date after which LIBOR shall no longer be used for determining interest rates for loans, then the Administrative Agent, in consultation with the Administrative Borrower, shall
    endeavor to establish an alternate index rate (the “Replacement Rate”) that gives due consideration to the then prevailing market convention for determining a rate of interest for leveraged syndicated loans in the United States at such time, in
    which case the Replacement Rate shall, subject to the following provisions of this Section 2.07(g), replace such applicable interest rate for all purposes under the Loan Documents unless and until (A) an event described in Section 2.07(f)(i), (f)(ii),
    (g)(i), (g)(ii) or (g)(iii) occurs with respect to the Replacement Rate or (B) the Required Lenders through the Administrative Agent notify the Administrative Borrower that the Replacement Rate does not adequately and fairly reflect the cost to the
    Lenders of making, funding or maintaining the Loans bearing interest at the Replacement Rate. In connection with the establishment and application of the Replacement Rate, this Agreement and the other Loan Documents shall be amended solely with the
    consent of the Administrative Agent and the Administrative Borrower as may be necessary or appropriate, in the opinion of the Administrative Agent, to effect the provisions of this Section 2.07(g). Notwithstanding anything to the contrary in Section
    12.02, such amendment shall become effective without any further action or consent of any Lender so long as the Administrative Agent shall not have received, within five Business Days after the date notice such amendment is provided to the Lenders, a
    written notice from Required Lenders stating that they object to such amendment (which amendment shall not be effective prior to the end of such five Business Day notice period). To the extent the Replacement Rate is adopted as contemplated hereby, the
    Replacement Rate shall be applied in a manner consistent with prevailing market convention; provided that, to the extent no prevailing market convention exists or such prevailing market convention is not administratively feasible for the Administrative
    Agent, such Replacement Rate shall be applied in a manner as otherwise reasonably determined by the Administrative Agent in consultation with the Administrative Borrower. If the Administrative Agent makes a determination described in clause (i), (ii)
    or (iii) above, until a Replacement Rate has been determined and an amendment with respect thereto has become effective in accordance with the terms and conditions of this paragraph, (x) any notice from a Borrower that requests the conversion of any
    Reference Rate Loan to, or continuation of any LIBOR Rate Loan as, a LIBOR Rate Loan shall be ineffective, and (y) if any notice of borrowing requests a LIBOR Rate Loan, such Loan shall be made as a Reference Rate Loan. Notwithstanding anything
    contained herein to the contrary, if such Replacement Rate as determined in this paragraph is determined to be less than 1.00% per annum, such rate shall be deemed to be 1.00% per annum for the purposes of this Agreement.

  
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  Section 2.08 Funding Losses. In connection with each LIBOR Rate Loan, the Borrowers shall indemnify,
    defend, and hold the Agents and the Lenders harmless against any loss, cost, or expense incurred by any Agent or any Lender as a result of (a) the payment of any principal of any LIBOR Rate Loan other than on the last day of an Interest Period
    applicable thereto (including as a result of a Default or an Event of Default or any mandatory prepayment required pursuant to Section 2.05(c)), (b) the conversion of any LIBOR Rate Loan other than on the last day of the Interest Period applicable
    thereto (including as a result of a Default or an Event of Default) or (c) the failure to borrow, convert, continue or prepay any LIBOR Rate Loan on the date specified in any Notice of Borrowing or LIBOR Notice delivered pursuant hereto (such losses,
    costs, and expenses, collectively, “Funding Losses”). Funding Losses shall, with respect to any Agent or any Lender, be deemed to equal the amount reasonably determined by such Agent or such Lender to be the excess, if any, of (i) the amount of
    interest that would have accrued on the principal amount of such LIBOR Rate Loan had such event not occurred, at the LIBOR Rate that would have been applicable thereto, 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 therefor), minus (ii) the amount of interest that would accrue on such principal amount for such period at
    the interest rate which such Agent or such Lender would be offered were it to be offered, at the commencement of such period, Dollar deposits of a comparable amount and period in the London interbank market. A certificate of an Agent or a Lender
    delivered to the Administrative Borrower setting forth any amount or amounts that such Agent or such Lender is entitled to receive pursuant to this Section 2.08 shall be conclusive absent manifest error.

   

  Section 2.09         Taxes.

   

  (a)          Any and all payments by or on account of any obligation of any Loan Party hereunder or under any other Loan Document shall be made
    free and clear of and without deduction or withholding for any and all Taxes, except as required by applicable law. If any applicable law (as determined in the good faith discretion of the applicable Withholding Agent) requires the deduction or
    withholding of any Taxes from or in respect of any such payment, (i) the applicable Withholding Agent shall make such deduction or withholding, (ii) the applicable Withholding Agent shall pay the full amount deducted to the relevant Governmental
    Authority in accordance with applicable law and (iii) if such Tax is an Indemnified Tax, then the sum payable by the applicable Loan Party shall be increased by the amount (an “Additional Amount”) necessary such that after making all required
    deductions and withholdings (including deductions and withholdings applicable to additional sums payable under this Section 2.09) the applicable Recipient receives the amount equal to the sum it would have received had no such deduction or withholding
    been made.

   

  (b)          In addition, each Loan Party shall pay to the relevant Governmental Authority in accordance with applicable law any Other Taxes, or
    at the option of the Administrative Agent timely reimburse it for the payment of any Other Taxes by any Secured Party. Each Loan Party shall deliver to each Secured Party official receipts in respect of any Taxes or Other Taxes payable hereunder
    promptly after payment of such Taxes or Other Taxes.

   

  (c)          The Loan Parties hereby jointly and severally indemnify and agree to hold each Secured Party harmless from and against Indemnified
    Taxes and Other Taxes (including, without limitation, Indemnified Taxes and Other Taxes imposed on any amounts payable under this Section 2.09) paid or payable by such Secured Party or required to be withheld or deducted from a payment to such Secured
    Party and any expenses arising therefrom or with respect thereto, whether or not such Indemnified Taxes or Other Taxes were correctly or legally asserted. Such indemnification shall be paid within ten days from the date on which any such Person makes
    demand therefor. A certificate as to the amount of such payment or liability delivered to the Borrower by a Secured Party (with a copy to the Administrative Agent) or by the Administrative Agent on its own behalf or on behalf of another Secured Party
    shall be conclusive absent manifest error.

  
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  (d)          (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 Sections 2.09(d)(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,

   

  (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), executed copies of IRS Form W-9 certifying that such Lender is
    exempt from U.S. federal backup withholding tax;

   

  (B)          any Lender that is not a U.S. Person (a “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 reasonably 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 United
    States is a party (x) with respect to payments of interest under any Loan Document, executed copies of IRS Form W-8BEN or W-8BEN-E establishing an exemption from, or reduction of, U.S. federal withholding Tax pursuant to the “interest” article of such
    tax treaty and (y) with respect to any other applicable payments under any Loan Document, IRS Form W-8BEN or W-8BEN-E establishing an exemption from, or reduction of, U.S. federal withholding Tax pursuant to the “business profits” or “other income”
    article of such tax treaty;

   

  (2)         executed copies of 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 Internal Revenue Code, (x) a certificate substantially in the form of Exhibit 2.09(d)-1 hereto to the effect that such Foreign Lender is not a “bank” within the meaning of Section 881(c)(3)(A) of the Internal Revenue Code, a “10
    percent shareholder” of the Borrower within the meaning of Section 881(c)(3)(B) of the Internal Revenue Code, or a “controlled foreign corporation” described in Section 881(c)(3)(C) of the Internal Revenue Code (a “U.S. Tax Compliance Certificate”)

    and (y) executed copies of IRS Form W-8BEN or W-8BEN-E; or

   

  (4)         to the extent a Foreign Lender is not the beneficial owner, executed copies of IRS Form W-8IMY,
    accompanied by IRS Form W-8ECI, IRS Form W-8BEN or W-8BEN-E, a U.S. Tax Compliance Certificate substantially in the form of Exhibit 2.09(d)-2 or Exhibit 2.09(d)-3, IRS Form W-9, 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 2.09(d)-4 on behalf of each such direct and indirect partner;

  
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  (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 reasonably 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 copies 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 Internal Revenue 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 Internal Revenue 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.

   

  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 Administrative Agent in writing of its legal inability to do so.

   

  (e)           Each Lender shall severally indemnify the Administrative Agent, within ten 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 12.07(i) 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 the Lender from any other source against any amount due to the Administrative Agent under this paragraph (e).

   

  (f)           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 2.09 (including by the payment of additional amounts pursuant to this Section 2.09), 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 2.09 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 (f) (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 (f), in no event will the indemnified party be
    required to pay any amount to an indemnifying party pursuant to this paragraph (f) the payment of which would place the indemnified party in a less favorable net after-Tax position than the indemnified party would have been in if the Tax subject to
    indemnification and giving rise to such refund had not been deducted, withheld or otherwise imposed and the indemnification payments or additional amounts with respect to such Tax had never been paid. This paragraph 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.

  
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  (g)          The obligations of the Loan Parties under this Section 2.09 shall survive the termination of this Agreement and the payment of the
    Loans and all other amounts payable hereunder.

   

  Section 2.10           Increased Costs and Reduced Return.

   

  (a)          If any Secured Party shall have determined that any Change in Law shall (i)  subject such
    Secured Party, or any Person controlling such Secured Party to any tax, duty or other charge with respect to this Agreement or any Loan made by such Agent or such Lender, or change the basis of taxation of payments to such Secured Party or any Person
    controlling such Secured Party of any amounts payable hereunder (except for taxes on the overall net income of such Secured Party or any Person controlling such Secured Party), (ii) impose, modify or deem applicable any reserve, special deposit or
    similar requirement against any Loan or against assets of or held by, or deposits with or for the account of, or credit extended by, such Secured Party or any Person controlling such Secured Party or (iii) impose on such Secured Party or any Person
    controlling such Secured Party any other condition regarding this Agreement or any Loan, and the result of any event referred to in clauses (i), (ii) or (iii) above shall be to increase the cost to such Secured Party of making any Loan, or agreeing to
    make any Loan, or to reduce any amount received or receivable by such Secured Party hereunder, then, upon demand by such Secured Party, the Borrowers shall pay to such Secured Party such additional amounts as will compensate such Secured Party for such
    increased costs or reductions in amount.

   

  (b)          If any Secured Party shall have determined that any Change in Law either (i) affects or would affect the amount of capital required
    or expected to be maintained by such Secured Party or any Person controlling such Secured Party, and such Secured Party determines that the amount of such capital is increased as a direct or indirect consequence of any Loans made or maintained, such
    Secured Party’s or such other controlling Person’s other obligations hereunder, or (ii) has or would have the effect of reducing the rate of return on such Secured Party’s or such other controlling Person’s capital to a level below that which such
    Secured Party or such controlling Person could have achieved but for such circumstances as a consequence of any Loans made or maintained, or any agreement to make Loans, or such Secured Party’s or such other controlling Person’s other obligations
    hereunder (in each case, taking into consideration, such Secured Party’s or such other controlling Person’s policies with respect to capital adequacy), then, upon demand by such Secured Party, the Borrowers shall pay to such Secured Party from time to
    time such additional amounts as will compensate such Secured Party for such cost of maintaining such increased capital or such reduction in the rate of return on such Secured Party’s or such other controlling Person’s capital.

   

  (c)          All amounts payable under this Section 2.10 shall bear interest from the date that is 10 days after the date of demand by any Secured
    Party until payment in full to such Secured Party at the Reference Rate. A certificate of such Secured Party claiming compensation under this Section 2.10, specifying the event herein above described and the nature of such event shall be submitted by
    such Secured Party to the Administrative Borrower, setting forth the additional amount due and an explanation of the calculation thereof, and such Secured Party’s reasons for invoking the provisions of this Section 2.10, and shall be final and
    conclusive absent manifest error.

  
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  (d)          Failure or delay on the part of any Lender to demand compensation pursuant to the foregoing provisions of this Section 2.10 shall not
    constitute a waiver of such Lender’s right to demand such compensation; provided that the Borrowers shall not be required to compensate a Lender pursuant to the foregoing provisions of this Section 2.10 for any increased costs incurred or reductions
    suffered more than nine months prior to the date that such Lender notifies the Administrative Borrower of the Change in Law giving rise to such increased costs or reductions and of such Lender’s intention to claim compensation therefor (except that, if
    the Change in Law giving rise to such increased costs or reductions is retroactive, then the nine-month period referred to above shall be extended to include the period of retroactive effect thereof).

   

  (e)          The obligations of the Loan Parties under this Section 2.10 shall survive the termination of this Agreement and the payment of the
    Loans and all other amounts payable hereunder.

   

  Section 2.11           Changes in Law; Impracticability or Illegality.

   

  (a)          The LIBOR Rate may be adjusted by the Administrative Agent with respect to any Lender on a prospective basis to take into account any
    additional or increased costs to such Lender of maintaining or obtaining any eurodollar deposits or increased costs due to changes in applicable law occurring subsequent to the commencement of the then applicable Interest Period, including changes in
    tax laws (except changes of general applicability in corporate income tax laws) and changes in the reserve requirements imposed by the Board of Governors of the Federal Reserve System (or any successor), excluding the Reserve Percentage, which
    additional or increased costs would increase the cost of funding loans bearing interest at the LIBOR Rate. In any such event, the affected Lender shall give the Administrative Borrower and the Administrative Agent notice of such a determination and
    adjustment and the Administrative Agent promptly shall transmit the notice to each other Lender and, upon its receipt of the notice from the affected Lender, the Administrative Borrower may, by notice to such affected Lender (i) require such Lender to
    furnish to the Administrative Borrower a statement setting forth the basis for adjusting such LIBOR Rate and the method for determining the amount of such adjustment or (ii) repay the LIBOR Rate Loans with respect to which such adjustment is made
    (together with any amounts due under Section 2.09).

   

  (b)          In the event that any change in market conditions or any law, regulation, treaty, or directive, or any change therein or in the
    interpretation of application thereof, shall at any time after the date hereof, in the reasonable opinion of any Lender, make it unlawful or impractical for such Lender to fund or maintain LIBOR Rate Loans or to continue such funding or maintaining, or
    to determine or charge interest rates at the LIBOR Rate, such Lender shall give notice of such changed circumstances to the Administrative Borrower and the Administrative Agent, and the Administrative Agent promptly shall transmit the notice to each
    other Lender and (i) in the case of any LIBOR Rate Loans of such Lender that are outstanding, the date specified in such Lender’s notice shall be deemed to be the last day of the Interest Period of such LIBOR Rate Loans, and interest upon the LIBOR
    Rate Loans of such Lender thereafter shall accrue interest at the rate then applicable to Reference Rate Loans of the same type hereunder and (ii) the Borrowers shall not be entitled to elect the LIBOR Option (including in any borrowing, conversion or
    continuation then being requested) until such Lender determines that it would no longer be unlawful or impractical to do so.

   

  (c)          The obligations of the Loan Parties under this Section 2.11 shall survive the termination of this Agreement and the payment of the
    Loans and all other amounts payable hereunder.

  
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  Section 2.12           Mitigation Obligations; Replacement of Lenders.

   

  (a)          If any Lender requires the Borrowers to pay any Additional Amounts under Section 2.09 or requests compensation under Section 2.10,
    then such Lender shall (at the request of the Administrative Borrower) 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 such Section 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 Borrowers hereby agree to pay all reasonable costs and expenses incurred by any Lender in connection with any such designation or assignment.

   

  (b)          If any Lender requires the Borrowers to pay any Additional Amounts under Section 2.09 or requests compensation under Section 2.10
    and, in each case, such Lender has declined or is unable to designate a different lending office in accordance with clause (a) above, or if any Lender is a Defaulting Lender, then the Administrative 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, and consents required by, Section 12.07), all of its interests, rights
    and obligations under this Agreement and the 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 Borrowers shall have paid to the Agents any assignment fees specified in Section 12.07;

   

  (ii)            such Lender shall have received payment of an amount equal to the outstanding principal of its Loans, accrued interest thereon,
    accrued fees and all other amounts payable to it hereunder and under the other Loan Documents (including any amounts under Sections 2.08 and 2.09) from the assignee (to the extent of such outstanding principal and accrued interest and fees) or the
    Borrowers (in the case of all other amounts);

   

  (iii)          in the case of any such assignment resulting from payments required to be made pursuant to Section 2.09 or a claim for compensation
    under Section 2.10, such assignment will result in a reduction in such compensation or payments thereafter; and

   

  (iv)            such assignment does not conflict with applicable law. Prior to the effective date of such assignment, the assigning Lender shall
    execute and deliver an Assignment and Acceptance, subject only to the conditions set forth above. If the assigning Lender shall refuse or fail to execute and deliver any such Assignment and Acceptance prior to the effective date of such assignment, the
    assigning Lender shall be deemed to have executed and delivered such Assignment and Acceptance. Any such assignment shall be made in accordance with the terms of Section 12.07.

   

  A Lender shall not be required to make any such assignment or delegation if, prior thereto, as a result of a waiver by such Lender or otherwise, the circumstances
    entitling the Administrative Borrower to require such assignment and delegation cease to apply.

  
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  ARTICLE III

   

  [INTENTIONALLY OMITTED]

   

  ARTICLE IV

   

  APPLICATION OF PAYMENTS; DEFAULTING LENDERS;

  JOINT AND SEVERAL LIABILITY OF BORROWERS

   

  Section 4.01         Payments; Computations and Statements. The Borrowers will make each
    payment under this Agreement not later than 12:00 noon (New York City time) on the day when due, in lawful money of the United States of America and in immediately available funds, to the Administrative Agent’s Account. All payments received by the
    Administrative Agent after 12:00 noon (New York City time) on any Business Day may, in the Administrative Agent’s discretion, be credited to the Loan Account on the next succeeding Business Day. All payments shall be made by the Borrowers without
    set-off, counterclaim, recoupment, deduction or other defense to the Agents and the Lenders. Except as provided in Section 2.02, after receipt, the Administrative Agent will promptly thereafter cause to be distributed like funds relating to the payment
    of principal ratably to the Lenders in accordance with their Pro Rata Shares and like funds relating to the payment of any other amount payable to any Lender to such Lender, in each case to be applied in accordance with the terms of this Agreement,
    provided that the Administrative Agent will cause to be distributed all interest and fees received from or for the account of the Borrowers not less than once each month and in any event promptly after receipt thereof. The Lenders and the Borrowers
    hereby authorize the Administrative Agent to, and the Administrative Agent may, from time to time, charge the Loan Account of the Borrowers with any amount due and payable by the Borrowers under any Loan Document. Each of the Lenders and the Borrowers
    agrees that the Administrative Agent shall have the right to make such charges whether or not any Default or Event of Default shall have occurred and be continuing or whether any of the conditions precedent in Section 5.02 have been satisfied. Any
    amount charged to the Loan Account of the Borrowers shall be deemed a Revolving Loan hereunder made by the Revolving Loan Lenders to the Borrowers, funded by the Administrative Agent on behalf of the Revolving Loan Lenders and subject to Section 2.02.
    The Lenders and the Borrowers confirm that any charges which the Administrative Agent may so make to the Loan Account of the Borrowers as herein provided will be made as an accommodation to the Borrowers and solely at the Administrative Agent’s
    discretion, provided that the Administrative Agent shall from time to time upon the request of the Collateral Agent, charge the Loan Account of the Borrowers with any amount due and payable under any Loan Document. Whenever any payment to be made under
    any such Loan Document shall be stated to be due on a day other than a Business Day, such payment shall be made on the next succeeding Business Day and such extension of time shall in such case be included in the computation of interest or fees, as the
    case may be. All computations of fees shall be made by the Administrative Agent on the basis of a year of 360 days for the actual number of days. Each determination by the Administrative Agent of an interest rate or fees hereunder shall be conclusive
    and binding for all purposes in the absence of manifest error.

   

  Section 4.02           Sharing of Payments. Except as provided in Section 2.02, if any
    Lender shall obtain any payment (whether voluntary, involuntary, through the exercise of any right of set-off or otherwise) on account of any Obligation in excess of its ratable share of payments on account of similar obligations obtained by all the
    Lenders, such Lender shall forthwith purchase from the other Lenders such participations in such similar obligations held by them as shall be necessary to cause such purchasing Lender to share the excess payment ratably with each of them; provided,
    however, that (a) if all or any portion of such excess payment is thereafter recovered from such purchasing Lender, such purchase from each Lender shall be rescinded and each Lender shall repay to the purchasing Lender the purchase price to the extent
    of such recovery together with an amount equal to such Lender’s ratable share (according to the proportion of (i) the amount of such Lender’s required repayment to (ii) the total amount so recovered from the purchasing Lender) of any interest or other
    amount paid by the purchasing Lender in respect of the total amount so recovered, and (b) the provisions of this Section shall not be construed to apply to (i) any payment made by the Borrowers pursuant to and in accordance with the express terms of
    this Agreement (including the application of funds arising from the existence of a Defaulting Lender and any payment of an amendment, consent or waiver fee to consenting Lenders pursuant to an effective amendment, consent or waiver with respect to this
    Agreement), or (ii) any payment obtained by a Lender as consideration for the assignment of or sale of a participation in any of its Loans, other than to any Loan Party or any Subsidiary thereof (as to which the provisions of this Section shall apply).
    The Borrowers agree that any Lender so purchasing a participation from another Lender pursuant to this Section may, to the fullest extent permitted by law, exercise all of its rights (including the Lender’s right of set-off) with respect to such
    participation as fully as if such Lender were the direct creditor of the Borrowers in the amount of such participation.

   

  
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  Section 4.03          Apportionment of Payments. Subject to Section 2.02:

   

  (a)          All payments of principal and interest in respect of outstanding Loans, all payments of fees (other than the fees set forth in Section
    2.06) and all other payments in respect of any other Obligations, shall be allocated by the Administrative Agent among such of the Lenders as are entitled thereto, in proportion to their respective Pro Rata Shares or otherwise as provided herein or, in
    respect of payments not made on account of Loans, as designated by the Person making payment when the payment is made.

   

  (b)          After the occurrence and during the continuance of an Event of Default, the Administrative Agent may, and upon the direction of the
    Collateral Agent or the Required Lenders shall, apply all payments in respect of any Obligations, including without limitation, all proceeds of the Collateral, subject to the provisions of this Agreement, (i) first, ratably to pay the Obligations in
    respect of any fees, expense reimbursements, indemnities and other amounts then due and payable to the Agents until paid in full; (ii) second, to pay interest then due and payable in respect of the Collateral Agent Advances until paid in full; (iii)
    third, to pay principal of the Collateral Agent Advances until paid in full; (iv) fourth, ratably to pay the Obligations in respect of any fees (other than any Applicable Premium), expense reimbursements, indemnities and other amounts then due and
    payable to the Lenders until paid in full; (v) fifth, ratably to pay interest then due and payable in respect of the Loans until paid in full; (vi) sixth, ratably to pay principal of the Loans until paid in full; (vii)
      seventh, ratably to pay the Obligations in respect of any Applicable Premium then due and payable to the Lenders until paid in full; and (viii) eighth, to the ratable payment of all other Obligations then due and payable.

   

  (c)          For purposes of Section 4.03(b) (other than clause (viii) thereof), “paid in full” means payment in cash of all amounts owing under the
    Loan Documents according to the terms thereof, including loan fees, service fees, professional fees, interest (and specifically including interest accrued after the commencement of any Insolvency Proceeding), default interest, interest on interest, and
    expense reimbursements, whether or not same would be or is allowed or disallowed in whole or in part in any Insolvency Proceeding, except to the extent that default or overdue interest (but not any other interest) and loan fees, each arising from or
    related to a default, are disallowed in any Insolvency Proceeding; provided, however, that for the purposes of clause (viii), “paid in full” means payment in cash of all amounts owing under the Loan Documents according to the terms thereof, including
    loan fees, service fees, professional fees, interest (and specifically including interest accrued after the commencement of any Insolvency Proceeding), default interest on interest and expense reimbursements, whether or not the same would be or is
    allowed or disallowed in whole or in part in any Insolvency Proceeding.

   

  (d)         In the event of a direct conflict between the priority provisions of this Section 4.03 and other provisions contained in any other Loan
    Document, it is the intention of the parties hereto that both such priority provisions in such documents shall be read together and construed, to the fullest extent possible, to be in concert with each other. In the event of any actual, irreconcilable
    conflict that cannot be resolved as aforesaid, the terms and provisions of Section 4.03 shall control and govern.

   

  
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  Section 4.04         Defaulting Lenders. Notwithstanding anything to the contrary
    contained in this Agreement, if any Lender becomes a Defaulting Lender, then, until such time as such Lender is no longer a Defaulting Lender, to the extent permitted by applicable law:

   

  (a)          Such Defaulting Lender’s right to approve or disapprove any amendment, waiver or consent with respect to this Agreement shall be
    restricted as set forth in Section 12.02.

   

  (b)         The Administrative Agent shall not be obligated to transfer to such Defaulting Lender any payments made by any Borrower to the
    Administrative Agent for such Defaulting Lender’s benefit, and, in the absence of such transfer to such Defaulting Lender, the Administrative Agent shall transfer any such payments to each other non-Defaulting Lender ratably in accordance with their
    Pro Rata Shares (without giving effect to the Pro Rata Shares of such Defaulting Lender) (but only to the extent that such Defaulting Lender’s Loans were funded by the other Lenders) or, if so directed by the Administrative Borrower and if no Default
    or Event of Default has occurred and is continuing (and to the extent such Defaulting Lender’s Loans were not funded by the other Lenders), retain the same to be re-advanced to the Borrowers as if such Defaulting Lender had made such Loans to the
    Borrowers. Subject to the foregoing, the Administrative Agent may hold and, in its discretion, re-lend to the Borrowers for the account of such Defaulting Lender the amount of all such payments received and retained by the Administrative Agent for the
    account of such Defaulting Lender.

   

  (c)          Any such failure to fund by any Defaulting Lender shall constitute a material breach by such Defaulting Lender of this Agreement and
    shall entitle the Borrowers to replace the Defaulting Lender with one or more substitute Lenders, and the Defaulting Lender shall have no right to refuse to be replaced hereunder. Such notice to replace the Defaulting Lender shall specify an effective
    date for such replacement, which date shall not be later than 15 Business Days after the date such notice is given. Prior to the effective date of such replacement, the Defaulting Lender shall execute and deliver an Assignment and Acceptance, subject
    only to the Defaulting Lender being repaid its share of the outstanding Obligations without any premium or penalty of any kind whatsoever. If the Defaulting Lender shall refuse or fail to execute and deliver any such Assignment and Acceptance prior to
    the effective date of such replacement, the Defaulting Lender shall be deemed to have executed and delivered such Assignment and Acceptance. The replacement of any Defaulting Lender shall be made in accordance with the terms of Section 12.07.

   

  (d)          The operation of this Section shall not be construed to increase or otherwise affect the Commitments of any Lender, to relieve or
    excuse the performance by such Defaulting Lender or any other Lender of its duties and obligations hereunder, or to relieve or excuse the performance by any Borrower of its duties and obligations hereunder to the Administrative Agent or to the Lenders
    other than such Defaulting Lender.

   

  (e)         This Section shall remain effective with respect to such Lender until either (i) the Obligations under this Agreement shall have been
    declared or shall have become immediately due and payable or (ii) the non-Defaulting Lenders, the Agents, and the Borrowers shall have waived such Defaulting Lender’s default in writing, and the Defaulting Lender makes its Pro Rata Share of the
    applicable defaulted Loans and pays to the Agents all amounts owing by such Defaulting Lender in respect thereof; provided that no adjustments will be made retroactively with respect to fees accrued or payments made by or on behalf of the Borrowers
    while such Lender was a Defaulting Lender; provided, further, that except to the extent otherwise expressly agreed by the affected parties, no change hereunder from Defaulting Lender to Lender will constitute a waiver or release of any claim of any
    party hereunder arising from such Lender’s having been a Defaulting Lender.

   

  
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  Section 4.05           Administrative Borrower; Joint and Several Liability of the Borrowers.

   

  (a)          Each Borrower hereby irrevocably appoints Obagi Cosmeceuticals, LLC as the borrowing agent and attorney-in-fact for the Borrowers (the
    “Administrative Borrower”) which appointment shall remain in full force and effect unless and until the Agents shall have received prior written notice signed by all of the Borrowers that such appointment has been revoked and that another
    Borrower has been appointed Administrative Borrower. Each Borrower hereby irrevocably appoints and authorizes the Administrative Borrower (i) to provide to the Agents and receive from the Agents all notices with respect to Loans obtained for the
    benefit of any Borrower and all other notices and instructions under this Agreement and (ii) to take such action as the Administrative Borrower deems appropriate on its behalf to obtain Loans and to exercise such other powers as are reasonably
    incidental thereto to carry out the purposes of this Agreement. It is understood that the handling of the Loan Account and Collateral of the Borrowers in a combined fashion, as more fully set forth herein, is done solely as an accommodation to the
    Borrowers in order to utilize the collective borrowing powers of the Borrowers in the most efficient and economical manner and at their request, and that neither the Agents nor the Lenders shall incur liability to the Borrowers as a result hereof. Each
    Borrower expects to derive benefit, directly or indirectly, from the handling of the Loan Account and the Collateral in a combined fashion since the successful operation of each Borrower is dependent on the continued successful performance of the
    integrated group.

   

  (b)          Each Borrower hereby accepts joint and several liability hereunder and under the other Loan Documents in consideration of the financial
    accommodations to be provided by the Agents and the Lenders under this Agreement and the other Loan Documents, for the mutual benefit, directly and indirectly, of each of the Borrowers and in consideration of the undertakings of the other Borrowers to
    accept joint and several liability for the Obligations. Each of the Borrowers, jointly and severally, hereby irrevocably and unconditionally accepts, not merely as a surety, but also as a co-debtor, joint and several liability with the other Borrowers,
    with respect to the payment and performance of all of the Obligations (including, without limitation, any Obligations arising under this Section 4.05), it being the intention of the parties hereto that all of the Obligations shall be the joint and
    several obligations of each of the Borrowers without preferences or distinction among them. If and to the extent that any of the Borrowers shall fail to make any payment with respect to any of the Obligations as and when due or to perform any of the
    Obligations in accordance with the terms thereof, then in each such event, the other Borrowers will make such payment with respect to, or perform, such Obligation. Subject to the terms and conditions hereof, the Obligations of each of the Borrowers
    under the provisions of this Section 4.05 constitute the absolute and unconditional, full recourse Obligations of each of the Borrowers, enforceable against each such Person to the full extent of its properties and assets, irrespective of the validity,
    regularity or enforceability of this Agreement, the other Loan Documents or any other circumstances whatsoever.

   

  (c)          The provisions of this Section 4.05 are made for the benefit of the Agents, the Lenders and their successors and assigns, and may be
    enforced by them from time to time against any or all of the Borrowers as often as occasion therefor may arise and without requirement on the part of the Agents, the Lenders or such successors or assigns first to marshal any of its or their claims or
    to exercise any of its or their rights against any of the other Borrowers or to exhaust any remedies available to it or them against any of the other Borrowers or to resort to any other source or means of obtaining payment of any of the Obligations
    hereunder or to elect any other remedy. The provisions of this Section 4.05 shall remain in effect until all of the Obligations shall have been paid in full or otherwise fully satisfied.

   

  
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   (d)          Each of the Borrowers hereby agrees that it will not enforce any of its rights of contribution or subrogation against the other
    Borrowers with respect to any liability incurred by it hereunder or under any of the other Loan Documents, any payments made by it to the Agents or the Lenders with respect to any of the Obligations or any Collateral, until such time as all of the
    Obligations have been paid in full in cash. Any claim which any Borrower may have against any other Borrower with respect to any payments to the Agents or the Lenders hereunder or under any other Loan Documents are hereby expressly made subordinate and
    junior in right of payment, without limitation as to any increases in the Obligations arising hereunder or thereunder, to the prior payment in full in cash of the Obligations.

   

  ARTICLE V

   

  CONDITIONS TO LOANS

   

  Section 5.01         Conditions Precedent to Effectiveness. This Agreement shall become
    effective as of the Business Day (the “Effective Date”) when each of the following conditions precedent shall have been satisfied in a manner satisfactory to the Agents:

   

  (a)          Payment of Fees, Etc. The Borrowers shall have paid on or before the Effective Date all fees, costs, expenses and taxes then
    payable pursuant to Sections 2.06 and 12.04.

   

  (b)         Representations and Warranties; No Event of Default. The following statements shall be true and correct: (i) the representations
    and warranties contained in Article VI and in each other Loan Document, certificate or other writing delivered to any Secured Party pursuant hereto or thereto on or prior to the Effective Date are true and correct on and as of the Effective Date as
    though made on and as of such date, except to the extent that any such representation or warranty expressly relates solely to an earlier date (in which case such representation or warranty shall be true and correct on and as of such earlier date) and
    (ii) no Default or Event of Default shall have occurred and be continuing on the Effective Date or would result from this Agreement or the other Loan Documents becoming effective in accordance with its or their respective terms.

   

  (c)          Legality. The making of the initial Loans shall not contravene any law, rule or regulation applicable to any Secured Party.

   

  (d)         Delivery of Documents. The Collateral Agent shall have received on or before the Effective Date the following, each in form and
    substance satisfactory to the Collateral Agent and, unless indicated otherwise, dated the Effective Date and, if applicable, duly executed by the Persons party thereto:

   

  (i)        a Security Agreement, together with the original stock certificates (if any) representing all of the Equity Interests and all promissory
    notes required to be pledged thereunder, accompanied by undated stock powers executed in blank and other proper instruments of transfer;

   

  (ii)       a UCC Filing Authorization Letter, together with evidence satisfactory to the Collateral Agent of the filing of appropriate financing
    statements on Form UCC 1 in such office or offices as may be necessary or, in the opinion of the Collateral Agent, desirable to perfect the security interests purported to be created by each Security Agreement and each Mortgage;

   

  (iii)      the results of searches for any effective UCC financing statements, tax Liens or judgment Liens filed against any Loan Party or its
    property, which results shall not show any such Liens (other than Permitted Liens acceptable to the Collateral Agent);

   

  (iv)      a Perfection Certificate;

   

  
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  (v)          the Fee Letter;

   

  (vi)         the Disbursement Letter;

   

  (vii)        the Intercompany Subordination Agreement;

   

  (viii)       with respect to each Facility, each of the Real Property Deliverables;

   

  (ix)         a certificate of an Authorized Officer of each Loan Party, certifying (A) as to copies of the Governing Documents of such Loan Party,
    together with all amendments thereto (including, without limitation, a true and complete copy of the charter, certificate of formation, certificate of limited partnership or other publicly filed organizational document of each Loan Party certified as
    of a recent date not more than 30 days prior to the Effective Date by an appropriate official of the jurisdiction of organization of such Loan Party which shall set forth the same complete name of such Loan Party as is set forth herein and the
    organizational number of such Loan Party, if an organizational number is issued in such jurisdiction), (B) as to a copy of the resolutions or written consents of such Loan Party authorizing (1) the borrowings hereunder and the transactions contemplated
    by the Loan Documents to which such Loan Party is or will be a party, and (2) the execution, delivery and performance by such Loan Party of each Loan Document to which such Loan Party is or will be a party and the execution and delivery of the other
    documents to be delivered by such Person in connection herewith and therewith, (C) the names and true signatures of the representatives of such Loan Party authorized to sign each Loan Document (in the case of a Borrower, including, without limitation,
    Notices of Borrowing, LIBOR Notices and all other notices under this Agreement and the other Loan Documents) to which such Loan Party is or will be a party and the other documents to be executed and delivered by such Loan Party in connection herewith
    and therewith, together with evidence of the incumbency of such authorized officers and (D) as to the matters set forth in Section 5.01(b);

   

  (x)          a certificate of the president of the Parent (A) demonstrating in reasonable detail that the Consolidated EBITDA of the Parent and its
    Subsidiaries as of the twelve-month period ending December 31, 2020 is at least $5,000,000, (B) demonstrating in reasonable detail that the aggregate principal amount of Indebtedness for borrowed money of the Ultimate Parent and its Subsidiaries
    outstanding as of the Effective Date does not exceed $130,000,000, (C) certifying that all tax returns required to be filed by the Loan Parties have been filed and all taxes upon the Loan Parties or their properties, assets, and income (including real
    property taxes and payroll taxes) have been paid, (D) attaching a copy of the Financial Statements and the Projections described in Section 6.01(g)(ii) and certifying as to the compliance with the representations and warranties set forth in Sections
    6.01(g)(i) and 6.01(ff)(ii) and (E) certifying that after giving effect to all Loans to be made on the Effective Date, Excess Availability plus Qualified Cash is not less than $25,000,000;

   

  (xi)         a certificate of the president of each Loan Party, certifying as to the solvency of such Loan Party (after giving effect to the Loans
    made on the Effective Date);

   

  (xii)        a certificate of an Authorized Officer of the Administrative Borrower certifying that (A) the attached copies of the Specified Material
    Contracts and the other Material Contracts as in effect on the Effective Date are true, complete and correct copies thereof and (B) such agreements remain in full force and effect and that none of the Loan Parties has breached or defaulted in any of
    its obligations under such agreements);

   

  
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  (xiii)    a certificate of the appropriate official(s) of the jurisdiction of organization and, except to the extent such failure to be so qualified
    could not reasonably be expected to have a Material Adverse Effect, each jurisdiction of foreign qualification of each Loan Party certifying as of a recent date not more than 30 days prior to the Effective Date as to the subsistence in good standing
    of, and the payment of taxes by, such Loan Party in such jurisdictions, together with written confirmation (where available) on the Effective Date from such official(s) as to such matters;

   

  (xiv)    opinions of (A) Morgan Lewis & Bockius LLP, Delaware counsel to the Loan Parties and (B) Conyers, Cayman Islands counsel to the Loan
    Parties, each as to such matters as the Collateral Agent may reasonably request;

   

  (xv)     evidence of the insurance coverage required by Section 7.01 and the terms of each Security Agreement and each Mortgage and such other
    insurance coverage with respect to the business and operations of the Loan Parties as the Collateral Agent may reasonably request, in each case, where requested by the Collateral Agent, as to the named insureds or loss payees thereunder as the
    Collateral Agent may request and providing that such policy may be terminated or canceled (by the insurer or the insured thereunder) only upon 30 days’ prior written notice to the Collateral Agent and each such named insured or loss payee, together
    with evidence of the payment of all premiums due in respect thereof for such period as the Collateral Agent may request;

   

  (xvi)    a collateral assignment of business interruption insurance;

   

  (xvii)   [reserved];

   

  (xviii)  evidence of the payment in full of all Indebtedness under the Existing Credit Facility, together with (A) a termination and release agreement
    with respect to the Existing Credit Facility and all related documents, duly executed by the Loan Parties and the Existing Lenders, (B) a satisfaction of mortgage for each mortgage filed by the Existing Lender on each Facility, (C) a termination of
    security interest in Intellectual Property for each assignment for security recorded by the Existing Lenders at the United States Patent and Trademark Office or the United States Copyright Office and covering any intellectual property of the Loan
    Parties, and (D) UCC 3 termination statements for all UCC-1 financing statements filed by the Existing Lenders and covering any portion of the Collateral;

   

  (xix)    all Control Agreements that, in the reasonable judgment of the Agents, are required for the Loan Parties to comply with the Loan Documents as
    of the Effective Date, each duly executed by, in addition to the applicable Loan Party, the applicable financial institution;

   

  (xx)     evidence satisfactory to the Agents that a Process Agent has been properly appointed by each Foreign Loan Party in accordance with Section
    12.10(b); and

   

  (xxi)    such other agreements, instruments, approvals, opinions and other documents, each satisfactory to the Agents in form and substance, as any
    Agent may reasonably request.

   

  (e)        Material Adverse Effect. The Collateral Agent shall have determined, in its sole judgment, that no event or development shall have
    occurred since December 31, 2019 which could reasonably be expected to have a Material Adverse Effect.

   

  (f)        Approvals. All consents, authorizations and approvals of, and filings and registrations with, and all other actions in respect of,
    any Governmental Authority or other Person required in connection with the making of the Loans, or the conduct of the Loan Parties’ business, or the consummation of any of the underlying transactions, shall have been obtained and shall be in full force
    and effect.

   

  
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  (g)          Proceedings; Receipt of Documents. All proceedings in connection with the making of the initial Loans and the other transactions
    contemplated by this Agreement and the other Loan Documents, and all documents incidental hereto and thereto, shall be satisfactory to the Collateral Agent and its counsel, and the Collateral Agent and such counsel shall have received all such
    information and such counterpart originals or certified or other copies of such documents as the Collateral Agent or such counsel may reasonably request.

   

  (h)          Management Reference Checks. The Collateral Agent shall have received satisfactory reference checks for, and shall have had an
    opportunity to meet (in-person or telephonically) with, key management of each Loan Party.

   

  (i)          Due Diligence. The Agents shall have completed their business, legal, insurance, and collateral due diligence with respect to each
    Loan Party and the results thereof shall be acceptable to the Agents, in their sole and absolute discretion.

   

  (j)          Security Interests. The Loan Documents shall create in favor of the Collateral Agent, for the benefit of the Secured Parties, a
    legal, valid and enforceable first priority security interest in the Collateral secured thereby (subject only to Permitted Liens).

   

  (k)         Litigation. There shall exist no claim, action, suit, investigation, litigation or proceeding (including, without limitation,
    shareholder or derivative litigation) pending or threatened in any court or before any arbitrator or Governmental Authority which relates to the Loans or which, in the opinion of the Collateral Agent, is reasonably likely to be adversely determined,
    and that, if adversely determined, would reasonably be expected to have a Material Adverse Effect.

   

  (l)           Notice of Borrowing. The Administrative Agent shall have received a Notice of Borrowing pursuant to Section 2.02.

   

  Section 5.02           Conditions Precedent to All Loans. The obligation of any Agent or
    any Lender to make any Loan after the Effective Date is subject to the fulfillment, in a manner satisfactory to the Administrative Agent, of each of the following conditions precedent:

   

  (a)          Payment of Fees, Etc. The Borrowers shall have paid all fees, costs, expenses and taxes then payable by the Borrowers pursuant to
    this Agreement and the other Loan Documents, including, without limitation, Sections 2.06 and 12.04.

   

  (b)          Representations and Warranties; No Event of Default. The following statements shall be true and correct, and the submission by the
    Administrative Borrower to the Administrative Agent of a Notice of Borrowing with respect to each such Loan, and the Borrowers’ acceptance of the proceeds of such Loan, shall each be deemed to be a representation and warranty by each Loan Party on the
    date of such Loan that: (i) the representations and warranties contained in Article VI and in each other Loan Document, certificate or other writing delivered to any Secured Party pursuant hereto or thereto on or prior to the date of such Loan are true
    and correct in all material respects (except that such materiality qualifier shall not be applicable to any representations or warranties that already are qualified or modified as to materiality or “Material Adverse Effect” in the text thereof, which
    representations and warranties shall be true and correct in all respects subject to such qualification) on and as of such date as though made on and as of such date, except to the extent that any such representation or warranty expressly relates solely
    to an earlier date (in which case such representation or warranty shall be true and correct on and as of such earlier date), (ii) at the time of and after giving effect to the making of such Loan and the application of the proceeds thereof , no Default
    or Event of Default has occurred and is continuing or would result from the making of the Loan to be made, on such date and (iii) the conditions set forth in this Section 5.02 have been satisfied as of the date of such request.

   

  
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  (c)          Legality. The making of such Loan shall not contravene any law, rule or regulation applicable to any Secured Party.

   

  (d)          Notices. The Administrative Agent shall have received a Notice of Borrowing pursuant to Section 2.02.

   

  (e)        Excess Cash. After giving effect to the borrowing of any Revolving Loan after the Effective Date (and the use of proceeds thereof),
    the maximum amount of cash and Cash Equivalents in all of the checking, savings and other accounts of the Loan Parties and their Subsidiaries shall not exceed $15,000,000 in the aggregate; provided that the maximum amount of cash and Cash
    Equivalents in all of the checking, savings and other accounts of the Foreign Loan Parties and the Subsidiaries of the Ultimate Parent that are not Loan Parties shall not exceed $3,000,000 in the aggregate.

   

  Section 5.03       Conditions Subsequent to Effectiveness. As an accommodation to the Loan
    Parties, the Agents and the Lenders have agreed to execute this Agreement and to make the Loans on the Effective Date notwithstanding the failure by the Loan Parties to satisfy the conditions set forth below on or before the Effective Date. In
    consideration of such accommodation, the Loan Parties agree that, in addition to all other terms, conditions and provisions set forth in this Agreement and the other Loan Documents, including, without limitation, those conditions set forth in Section
    5.01, the Loan Parties shall satisfy each of the conditions subsequent set forth below on or before the date applicable thereto (it being understood that (i) the failure by the Loan Parties to perform or cause to be performed any such condition
    subsequent on or before the date applicable thereto shall constitute an Event of Default and (ii) to the extent that the existence of any such condition subsequent would otherwise cause any representation, warranty or covenant in this Agreement or any
    other Loan Document to be breached, the Required Lenders hereby waive such breach for the period from the Effective Date until the date on which such condition subsequent is required to be fulfilled pursuant to this Section 5.03):

   

  (a)          Within 15 days of the Effective Date, the Loan Parties shall deliver to the Collateral Agent:

   

  (i)         a landlord waiver, in form and substance satisfactory to the Collateral Agent, executed by each landlord with respect to each location of
    the Loan Parties described in Section 7.01(l); and

   

  (ii)        a collateral access agreement, in form and substance satisfactory to the Collateral Agent, executed by each Person who possesses
    Collateral at a location described in Section 7.01(l).

   

  (b)         Within 30 days of the Effective Date, the Loan Parties shall deliver to the Collateral Agent endorsements as to the named insureds or loss
    payees with respect to insurance coverage required by Section 7.01, in each case, as the Collateral Agent may request and providing that such policy may be terminated or canceled (by the insurer or the insured thereunder) only upon 30 days’ prior
    written notice to the Collateral Agent and each such named insured or loss payee.

   

  (c)          Within 180 days of the Effective Date, the Loan Parties shall cause Obagi Hong Kong Limited, Obagi (Shanghai) Cosmeceuticals Co., Ltd.
    and Obagi (Xi’an) Pharmaceutical Technology Co., Ltd. to be joined to this Agreement as Guarantors and to provide all agreements, instruments and other documents reasonably requested by the Collateral Agent (including, without limitation, all
    agreements, instruments and other documents described in Section 7.01(b)) in order to effect the intent that such Subsidiaries shall become bound by all of the terms, covenants and agreements contained in the Loan Documents and that all property and
    assets of such Subsidiaries shall become Collateral for the Obligations.

   

  
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  (d)          Within 5 Business Days of the Effective Date, the Loan Parties shall deliver to the Collateral Agent, a Control Agreement, in form and
    substance satisfactory to the Collateral Agent, with respect to the Cash Management Accounts held at Wells Fargo Bank, National Association, for the accounts with account numbers ending in 5942 and 8959, executed by the Administrative Borrower, Obagi
    Holdings Company Limited, Wells Fargo Bank, National Association and TCW, as secured party thereunder.

   

  ARTICLE VI

   

  REPRESENTATIONS AND WARRANTIES

   

  Section 6.01         Representations and Warranties. Each Loan Party hereby represents and warrants to the
    Secured Parties as follows:

   

  (a)          Organization, Good Standing, Etc. Each Loan Party (i) is a corporation, limited liability company or limited partnership duly
    organized or incorporated, validly existing and in good standing under the laws of the state or jurisdiction of its organization or incorporation, (ii) has all requisite power and authority to conduct its business as now conducted and as presently
    contemplated and, in the case of the Borrowers, to make the borrowings hereunder, and to execute and deliver each Loan Document to which it is a party, and to consummate the transactions contemplated thereby, and (iii) is duly qualified to do business
    and is in good standing in each jurisdiction in which the character of the properties owned or leased by it or in which the transaction of its business makes such qualification necessary, except (solely for the purposes of this subclause (iii)) where
    the failure to be so qualified and in good standing could not reasonably be expected to have a Material Adverse Effect.

   

  (b)          Authorization, Etc. The execution, delivery and performance by each Loan Party of each Loan Document to which it is or will be a
    party, (i) have been duly authorized by all necessary action, (ii) do not and will not contravene (A) any of its Governing Documents, (B) any applicable material Requirement of Law or (C) any material Contractual Obligation binding on or otherwise
    affecting it or any of its properties, (iii) do not and will not result in or require the creation of any Lien (other than pursuant to any Loan Document) upon or with respect to any of its properties, and (iv) do not and will not result in any default,
    noncompliance, suspension, revocation, impairment, forfeiture or nonrenewal of any permit, license, authorization or approval applicable to its operations or any of its properties, except, in the case of clause (iv), to the extent where such
    contravention, default, noncompliance, suspension, revocation, impairment, forfeiture or nonrenewal could not reasonably be expected to have a Material Adverse Effect.

   

  (c)          Governmental Approvals. No authorization or approval or other action by, and no notice to or filing with, any Governmental
    Authority is required in connection with the due execution, delivery and performance by any Loan Party of any Loan Document to which it is or will be a party other than filings and recordings with respect to Collateral to be made, or otherwise
    delivered to the Collateral Agent for filing or recordation, on the Effective Date.

   

  
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  (d)          Enforceability of Loan Documents. This Agreement is, and each other Loan Document to which any Loan Party is or will be a party,
    when delivered hereunder, will be, a legal, valid and binding obligation of such Person, enforceable against such Person in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization,
    moratorium or other similar laws affecting the enforcement of creditors’ rights generally and by general principles of equity.

   

  (e)          Capitalization. On the Effective Date, after giving effect to the transactions contemplated hereby to occur on the Effective
    Date, the authorized Equity Interests of the Ultimate Parent and each of its Subsidiaries and the issued and outstanding Equity Interests of the Ultimate Parent and each of its Subsidiaries are as set forth on Schedule 6.01(e) hereto. All of the issued
    and outstanding shares of Equity Interests of each of the Subsidiaries of the Ultimate Parent have been validly issued and are fully paid and nonassessable, and the holders thereof are not entitled to any preemptive, first refusal or other similar
    rights. All Equity Interests of such Subsidiaries of the Ultimate Parent are owned by the Ultimate Parent free and clear of all Liens (other than Permitted Specified Liens). Except as described on Schedule 6.01(e) hereto, as of the Effective Date,
    there are no outstanding debt or equity securities of the Ultimate Parent or any of its Subsidiaries and no outstanding obligations of the Ultimate Parent or any of its Subsidiaries convertible into or exchangeable for, or warrants, options or other
    rights for the purchase or acquisition from the Ultimate Parent or any of its Subsidiaries, or other obligations of the Ultimate Parent or any of its Subsidiaries to issue, directly or indirectly, any shares of Equity Interests of the Ultimate Parent
    or any of its Subsidiaries.

   

  (f)         Litigation. Except as set forth in Schedule 6.01(f) hereto, there is no pending or, to the best knowledge of any Loan Party,
    threatened action, suit or proceeding affecting any Loan Party or any of its properties before any court or other Governmental Authority or any arbitrator that (i) could reasonably be expected to have a Material Adverse
      Effect or (ii) relates to this Agreement or any other Loan Document or any transaction contemplated hereby or thereby.

   

  (g)          Financial Statements.

   

  (i)        The Financial Statements, copies of which have been delivered to each Agent and each Lender, fairly present the consolidated financial
    condition of the Parent and its Subsidiaries as at the respective dates thereof and the consolidated results of operations of the Parent and its Subsidiaries for the fiscal periods ended on such respective dates, all in accordance with GAAP. All
    material indebtedness and other liabilities (including, without limitation, Indebtedness, liabilities for taxes, long-term leases and other unusual forward or long-term commitments), direct or contingent, of the Parent and its Subsidiaries are set
    forth in the Financial Statements. Since December 31, 2019, no event or development has occurred that has had or could reasonably be expected to have a Material Adverse Effect.

   

  (ii)       The Parent has heretofore furnished to each Agent and each Lender (A) projected quarterly balance sheets, income statements and statements
    of cash flows of the Parent and its Subsidiaries for the period from January 1, 2021 through December 31, 2025, and (B) projected annual balance sheets, income statements and statements of cash flows of the Parent and its Subsidiaries for the Fiscal
    Years ending in December 31, 2021 through December 31, 2025, which projected financial statements shall be updated from time to time pursuant to Section 7.01(a)(vii).

   

  (h)          Compliance with Law, Etc. No Loan Party or any of its Subsidiaries is in violation of (i) any of its Governing Documents, (ii) any
    Requirement of Law, except where the failure to so comply could not reasonably be expected to have a Material Adverse Effect, or (iii) any material term of any Contractual Obligation (including, without limitation, any Material Contract) binding on or
    otherwise affecting it or any of its properties, except where the failure to so comply could not reasonably be expected to have a Material Adverse Effect.

   

  
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  (i)          ERISA. Except as set forth on Schedule 6.01(i) hereto, (i) each Loan Party and each Employee Plan (and each related trust,
    insurance contract or fund, if any) is in compliance with all Requirements of Law in all material respects, (ii) no ERISA Event has occurred nor is reasonably expected to occur, (iii) the most recent annual report (Form 5500 Series) with respect to
    each Employee Plan, including, for purposes of any Pension Plan, any required Schedule B (Actuarial Information) thereto, copies of which have been filed with the Internal Revenue Service and delivered to the Agents, is complete and correct and, for
    purposes of any Pension Plan, fairly presents the funding status of such Pension Plan, and since the date of such report, there has been no material adverse change in such funding status, (iv) copies of each agreement entered into with the PBGC, the
    U.S. Department of Labor or the Internal Revenue Service with respect to any Employee Plan have been delivered to the Agents, and (v) each Employee Plan that is intended to be a qualified plan under Section 401(a) of the Internal Revenue Code has been
    determined by the Internal Revenue Service to be qualified under Section 401(a) of the Internal Revenue Code and the trust related thereto is exempt from federal income tax under Section 501(a) of the Internal Revenue Code, and has received a favorable
    determination, advisory or opinion letter from the Internal Revenue Service regarding its qualification thereunder, and no event has occurred that would reasonably be expected to result in the disqualification of any such Employee Benefit Plan or
    related trust. No Loan Party or any of its ERISA Affiliates has incurred any liability to the PBGC which remains outstanding other than the payment of premiums, and there are no premium payments which have become due which are unpaid. There are no
    pending or threatened claims, actions, proceedings or lawsuits (other than claims for benefits in the normal course) asserted or instituted against (A) any Employee Plan or its assets, (B) any fiduciary with respect to any Employee Plan, or (C) any
    Loan Party or any of its ERISA Affiliates with respect to any Employee Plan. Except as required by Section 4980B of the Internal Revenue Code or similar state law, no Loan Party or any of its ERISA Affiliates maintains an employee welfare benefit plan
    (as defined in Section 3(1) of ERISA) that provides health benefits (through the purchase of insurance or otherwise) for any retired or former employee of any Loan Party or any of its ERISA Affiliates or otherwise has any obligation to provide any such
    benefits for any current employee after such employee’s termination of employment. Each arrangement pursuant to which a Loan Party has an obligation to pay or accrue nonqualified deferred compensation (within the meaning of Section 409A of the Internal
    Revenue Code) has been administered in accordance with plan documents that satisfy the requirements of Section 409A of the Internal Revenue Code.

   

  (j)         Taxes, Etc. (i) All federal and all other material Tax returns and other reports required by applicable Requirements of Law to be
    filed by any Loan Party have been timely filed and (ii) all Taxes imposed upon any Loan Party or any property of any Loan Party which have become due and payable on or prior to the date hereof have been paid, except Taxes contested in good faith by
    proper proceedings which stay the imposition of any Lien resulting from the non-payment thereof and with respect to which adequate reserves have been set aside for the payment thereof on the Financial Statements in accordance with GAAP.

   

  (k)          Regulations T, U and X. No Loan Party is or will be engaged in the business of extending credit for the purpose of purchasing or
    carrying margin stock (within the meaning of Regulation T, U or X), and no proceeds of any Loan will be used to purchase or carry any margin stock or to extend credit to others for the purpose of purchasing or carrying any margin stock or for any
    purpose that violates, or is inconsistent with, the provisions of Regulation T, U and X.

   

  (l)          Nature of Business.

   

  (i)       No Loan Party is engaged in any business other than as set forth on Schedule 6.01(l) hereto.

   

  
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  (ii)          Neither the Ultimate Parent nor the Parent (A) has any material liabilities (other than (1) in the case of the Parent, the liabilities
    described on Schedule 7.02(j), and (2) in each case, the liabilities arising under the Loan Documents), (B) owns any material assets (other than (1) in the case of the Parent, the assets described on Schedule 7.02(j), and (2) in each case, the Equity
    Interests of its Subsidiaries) or (C) engages in any operations or business (other than (1) in the case of the Parent, the business described on Schedule 7.02(j), and (2) in each case, the ownership of its Subsidiaries).

   

  (m)         Adverse Agreements, Etc. No Loan Party or any of its Subsidiaries is a party to any Contractual Obligation or subject to any
    restriction or limitation in any Governing Document or any judgment, order, regulation, ruling or other requirement of a court or other Governmental Authority, which (either individually or in the aggregate) has, or in the future could reasonably be
    expected (either individually or in the aggregate) to have, a Material Adverse Effect.

   

  (n)        Permits, Etc. Each Loan Party has, and is in compliance with, all permits, licenses, authorizations, approvals, entitlements and
    accreditations, including Environmental Permits and Health Care Permits, required for such Person lawfully to own, lease, manage or operate, or to acquire, each business and Facility currently owned, leased, managed or operated, or to be acquired, by
    such Person, except to the extent the failure to have or be in compliance therewith could not reasonably be expected to have a Material Adverse Effect. No condition exists or event has occurred which, in itself or with the giving of notice or lapse of
    time or both, would result in the suspension, revocation, impairment, forfeiture or non-renewal of any such permit, license, authorization, approval, entitlement or accreditation, including any such Environmental Permit or Health Care Permit, and there
    is no claim that any of the foregoing is not in full force and effect.

   

  (o)          Properties. Each Loan Party has good and marketable title to, valid leasehold interests in, or valid licenses to use, all property
    and assets material to its business, free and clear of all Liens, except Permitted Liens. All such properties and assets are in good working order and condition, ordinary wear and tear excepted.

   

  (p)          Employee and Labor Matters. Except as set forth on Schedule 6.01(p), (i) each Loan Party and its Subsidiaries is in compliance
    with all Requirements of Law in all material respects pertaining to employment and employment practices, terms and conditions of employment, wages and hours, and occupational safety and health, (ii) no Loan Party or any Subsidiary is party to any
    collective bargaining agreement, nor has any labor union been recognized as the representative of the employees of any Loan Party of Subsidiary, (iii) there is no unfair labor practice complaint pending or, to the best knowledge of any Loan Party,
    threatened against any Loan Party or any Subsidiary before any Governmental Authority and no grievance or arbitration proceeding pending or threatened against any Loan Party or any Subsidiary which arises out of or under any collective bargaining
    agreement, (iv) there has been no strike, work stoppage, slowdown, lockout, or other labor dispute pending or threatened against any Loan Party or any Subsidiary, and (v) to the best knowledge of each Loan Party, no labor organization or group of
    employees has made a pending demand for recognition or certification, and there are no representation or certification proceedings or petitions seeking a representation proceeding presently pending or threatened to be brought or filed, with the
    National Labor Relations Board or any other labor relations tribunal or authority. No Loan Party or Subsidiary has incurred any liability or obligation under the Worker Adjustment and Retraining Notification Act (“WARN”) or any similar
    Requirement of Law, which remains unpaid or unsatisfied. All material payments due from any Loan Party or 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 Subsidiary.

   

  
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  (q)          Environmental Matters. Except as set forth on Schedule 6.01(q) hereto, (i) no Loan Party or any of its Subsidiaries is in
    violation of any Environmental Law, except to the extent any failure to be in compliance therewith could not reasonably be expected to result in a material Environmental Claim or Environmental Liability; (ii) each Loan Party and each of its
    Subsidiaries has, and is in compliance with, all Environmental Permits for its respective operations and businesses, except to the extent any failure to have or be in compliance therewith could not reasonably be expected to result in a material
    Environmental Claim or Environmental Liability; (iii) there has been no Release or threatened Release of Hazardous Materials on, in, at under or from any properties currently or formerly owned, leased or operated by any Loan Party, its Subsidiaries or
    a respective predecessor in interest or at any disposal or treatment facility which received Hazardous Materials generated by any Loan Party, its Subsidiaries or any respective predecessor in interest, which in any case of the foregoing could
    reasonably be expected to result in a material Environmental Claim or Environmental Liability; (iv) there are no pending or threatened Environmental Claims against, or Environmental Liability of, any Loan Party, its Subsidiaries or any respective
    predecessor in interest that could reasonably be expected to result in a material Environmental Claim or Environmental Liability; (v) neither any Loan Party nor any of its Subsidiaries is performing or responsible for any Remedial Action that could
    reasonably be expected to result in a material Environmental Claim or Environmental Liability; and (vi) the Loan Parties have made available to the Collateral Agent and Lenders true and complete copies of all material environmental reports, audits and
    investigations in the possession or control of any Loan Party or any of its Subsidiaries with respect to the operations and business of the Loan Parties and its Subsidiaries.

   

  (r)          Insurance. Each Loan Party maintains all insurance required by Section 7.01(h). Schedule 6.01(r) sets forth a list of all such
    insurance maintained by or for the benefit of each Loan Party on the Effective Date.

   

  (s)          Use of Proceeds. The proceeds of the Loans shall be used to (a) refinance the Existing Credit Facility and other existing
    indebtedness of the Borrowers in the principal amount of up to $110,630,000.00, (b) pay fees and expenses in connection with the transactions contemplated hereby and (c) fund working capital of the Borrowers.

   

  (t)          Solvency. After giving effect to the transactions contemplated by this Agreement and before and after giving effect to each Loan,
    each Loan Party is, and the Loan Parties on a consolidated basis are, Solvent. No transfer of property is being made by any Loan Party and no obligation is being incurred by any Loan Party in connection with the transactions contemplated by this
    Agreement or the other Loan Documents with the intent to hinder, delay or defraud either present or future creditors of such Loan Party.

   

  (u)          Intellectual Property. Except as set forth on Schedule 6.01(u) hereto, each Loan Party owns or licenses or otherwise has the right
    to use all Intellectual Property rights that are necessary for the operation of its business, without infringement upon or conflict with the rights of any other Person with respect thereto, except for such infringements and conflicts which,
    individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect. Set forth on Schedule 6.01(u) hereto is a complete and accurate list as of the Effective Date of (i) each item of Registered Intellectual Property
    owned by each Loan Party, (ii) each material work of authorship owned by each Loan party and which is not Registered Intellectual Property and (iii) each material Intellectual Property Contract to which each Loan Party is bound. No trademark or other
    advertising device, product, process, method, substance, part or other material now employed, or now contemplated to be employed, by any Loan Party infringes upon or conflicts with any rights owned by any other Person, and no claim or litigation
    regarding any of the foregoing is pending or threatened, except for such infringements and conflicts which could not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect. To the knowledge of each Loan Party, no
    patent, invention, device, application, principle or any statute, law, rule, regulation, standard or code pertaining to Intellectual Property is pending or proposed, which, individually or in the aggregate, could reasonably be expected to have a
    Material Adverse Effect.

   

  
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  (v)          Material Contracts. Set forth on Schedule 6.01(v) hereto is a complete and accurate list as of the Effective Date of all Material
    Contracts of each Loan Party, showing the parties and subject matter thereof and amendments and modifications thereto. As of the Effective Date, each such Material Contract (i) is in full force and effect and is binding upon and enforceable against
    each Loan Party that is a party thereto and, to the best knowledge of such Loan Party, all other parties thereto in accordance with its terms, (ii) has not been otherwise amended or modified, and (iii) is not in default due to the action of any Loan
    Party or, to the best knowledge of any Loan Party, any other party thereto.

   

  (w)          Investment Company Act. None of the Loan Parties is (i) an “investment company”, “affiliated person”, “promoter” of, or “principal
    underwriter” of or for, an “investment company”, as such terms are defined in the Investment Company Act of 1940, as amended, or (ii) subject to regulation under any Requirement of Law that limits in any respect its ability to incur Indebtedness or
    which may otherwise render all or a portion of the Obligations unenforceable.

   

  (x)          Customers and Suppliers. There exists no actual or threatened termination, cancellation or limitation of, or modification to or
    change in, the business relationship between (i) any Loan Party, on the one hand, and any customer or any group thereof, on the other hand, or (ii) any Loan Party, on the one hand, and any supplier or
      any group thereof, on the other hand, and there exists no present state of facts or circumstances that could give rise to or result in any such termination, cancellation, limitation, modification or change, in each case, which could reasonably be
      expected to have, individually or in the aggregate, a Material Adverse Effect.

   

  (y)          Sanctions; Anti-Corruption and Anti-Money Laundering Laws. None of any Loan Party, any Subsidiary thereof, any of their respective
    directors, officers, or employees, shareholders or owners, nor, to the knowledge of any Loan Party, any of their respective agents or Affiliates, (i) is a Sanctioned Person or currently the subject or target of any Sanctions, (ii) has assets located in
    a Sanctioned Country, (iii) conducts any business with or for the benefit of any Sanctioned Person, (iv) directly or indirectly derives revenues from investments in, or transactions with, Sanctioned Persons, (v) is a “Foreign Shell Bank” within the
    meaning of the USA Patriot Act, i.e., a foreign bank that does not have a physical presence in any country and that is not affiliated with a bank that has a physical presence and an acceptable level of regulation and supervision, or (vi) is a Person
    that resides in or is organized under the laws of a jurisdiction designated by the United States Secretary of the Treasury under Section 311 or 312 of the USA Patriot Act as warranting special measures due to money laundering concerns. Each Loan Party
    and its Subsidiaries has implemented and maintains in effect policies and procedures designed to ensure compliance by each Loan Party and its Subsidiaries and their respective directors, officers, employees, agents and Affiliates with all
    Anti-Corruption Laws and Anti-Money Laundering Law. Each Loan Party and each Subsidiary is in compliance with all Sanctions, Anti-Money Laundering Laws and Anti-Corruption Laws in all material respects. Each Loan Party and, to the knowledge of any Loan
    Party, each Affiliate, officer, employee or director acting on behalf of any Loan Party is (and is taking no action that would result in any such Person not being) in compliance with (A) all applicable OFAC rules and regulations, (B) all applicable
    United States of America, United Kingdom, United Nations, European Union, German, Canadian, Australian and all other internationally respected national autonomous sanctions, embargos and trade restrictions and (C) all applicable provisions of the USA
    PATRIOT Act.

   

  (z)          Anti-Bribery and Corruption.

   

  (i)          Neither any Loan Party nor, to the best knowledge of any Loan Party, any director, officer, employee or any other Person acting on behalf
    of any Loan Party, has offered, promised, paid, given or authorized the payment or giving of any money or other thing of value, directly or indirectly, to or for the benefit of any Person, including, without limitation, any employee, official or other
    Person acting on behalf of any Governmental Authority, or otherwise engaged in any activity that may violate any Anti-Corruption Law.

   

  
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  (ii)        Neither any Loan Party nor, to the best knowledge of any Loan Party, any director, officer, employee or any other Person acting on behalf
    of any Loan Party, has engaged in any activity that would breach any Anti-Corruption Laws.

   

  (iii)        To the best of each Loan Party’s knowledge and belief, there is no pending or, to the best knowledge of any Loan Party, threatened
    action, suit, proceeding or investigation before any court or other Governmental Authority against any Loan Party or any of its directors, officers, employees or other Person acting on its behalf that relates to a potential violation of any
    Anti-Corruption Laws, Anti-Money Laundering Laws or Sanctions.

   

  (iv)        The Loan Parties will not directly or indirectly use, lend or contribute the proceeds of the Advances for any purpose that would breach
    the Anti-Bribery and Corruption Laws.

   

  (aa)       Proper Legal Form. The Loan Documents are in proper legal form under the laws of the jurisdiction of organization of each Foreign
    Loan Party to be valid, legal, effective, enforceable or admissible into evidence in the courts of the jurisdiction of organization of such Foreign Loan Party except for any other procedural steps that have been taken or that can be taken at any time
    without significant expense or delay and without prejudice to any rights or remedies the Secured Parties may have under the Loan Documents.

   

  (bb)       No Recordation. It is not necessary that any Loan Document or any other document be filed, registered or recorded with, or
    executed or notarized before, any court, public office or other authority in the jurisdiction of organization of any Foreign Loan Party or that any registration charge or stamp or similar tax be paid on or in respect of any Loan Document or any other
    document in order to ensure the legality, validity, effectiveness, enforceability, priority or admissibility in evidence of such Loan Document, in each case, other than any Mortgage.

   

  (cc)       Proceedings to Enforce Agreement. In any proceeding in the jurisdiction of organization of any Foreign Loan Party to enforce any
    Loan Document governed by New York law, the choice of New York law as the governing law of such Loan Document will be recognized and applied, the irrevocable submission of it to the jurisdiction of the courts of the State of New York or of the United
    States of America for the Southern District of New York will be valid, legal, binding and enforceable, and any judgment obtained in such a court will be recognized and enforceable in the jurisdiction of organization of such Foreign Loan Party without
    reconsideration as to the merits of such judgment.

   

  (dd)       Pari Passu. The obligations of each Foreign Loan Party under this Agreement and the other Loan Documents to which it is a party rank
    and will rank at least pari passu in priority of payment and in all other respects with all its other present and future unsecured and unsubordinated Indebtedness of such Foreign Loan Party.

   

  (ee)       Exchange Controls. Each Foreign Loan Party has the ability to lawfully pay solely and exclusively in Dollars the total amount which
    is, or may become, payable by it to the Agents and the Lenders under the Loan Documents and it has complied with its reporting obligations to the jurisdiction of organization of such Foreign Loan Party pursuant to the jurisdiction of organization of
    such Foreign Loan Party.

   

  
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  (ff)         Full Disclosure.

   

  (i)          Each Loan Party has disclosed to the Agents all agreements, instruments and corporate or other
    restrictions to which it is subject, and all other matters known to it, that, individually or in the aggregate, could 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 to the Agents (other than forward-looking information and projections and information of a general economic nature and general information about the Loan Parties’ industry) in connection with the
    negotiation of this Agreement or delivered hereunder (as modified or supplemented by other information so furnished) contains any material misstatement of fact or omits to state any material fact necessary to make the statements therein, in the light
    of the circumstances under which it was made, not misleading.

   

  (ii)        Projections have been prepared on a reasonable basis and in good faith based on assumptions,
    estimates, methods and tests that are believed by the Loan Parties to be reasonable at the time such Projections were prepared and information believed by the Loan Parties to have been accurate based upon the information available to the Loan Parties
    at the time such Projections were furnished to the Lenders, and neither the Ultimate Parent nor the Parent is aware of any facts or information that would lead it to believe that such Projections are incorrect or misleading in any material respect; it
    being understood that (A) Projections are by their nature subject to significant uncertainties and contingencies, many of which are beyond the Loan Parties’ control, (B) actual results may differ materially from the Projections and such variations may
    be material and (C) the Projections are not a guarantee of performance.

   

  (gg)         Health Care. Except as set forth on Schedule 6.01(gg) hereto, (i) no Loan Party or any of its Subsidiaries is in violation of any
    Health Care Law, except to the extent any failure to be in compliance therewith could not reasonably be expected to result in a material Health Care Claim or Health Care Liability; (ii) each Loan Party and each of its Subsidiaries has, and is in
    compliance with, all Health Care Permits for its respective operations and businesses, except to the extent any failure to have or be in compliance therewith could not reasonably be expected to result in a material Health Care Claim or Health Care
    Liability; (iii) there are no pending or threatened Health Care Claims against, or Health Care Liability of, any Loan Party, its Subsidiaries or any respective predecessor in interest that could reasonably be expected to result in a material Health
    Care Claim or Health Care Liability; and (iv) the Loan Parties have made available to the Agents and the Lenders true and complete copies of all material health care reports, audits and investigations in the possession or control of any Loan Party or
    any of its Subsidiaries with respect to the operations and business of the Loan Parties and their Subsidiaries.

   

  ARTICLE VII

   

  COVENANTS OF THE LOAN PARTIES AND OTHER COLLATERAL MATTERS

   

  Section 7.01        Affirmative Covenants. So long as any principal of or interest on any
    Loan or any other Obligation (whether or not due) shall remain unpaid (other than Contingent Indemnity Obligations) or any Lender shall have any Commitment hereunder, each Loan Party will, unless the Required Lenders shall otherwise consent in writing:

   

  (a)          Reporting Requirements. Furnish to each Agent and each Lender:

   

  (i)          as soon as available, and in any event within 30 days after the end of each fiscal month of the Ultimate Parent and its Subsidiaries
    commencing with the first fiscal month of the Ultimate Parent and its Subsidiaries ending after the Effective Date, internally prepared consolidated and consolidating balance sheets, statements of operations and retained earnings and statements of cash
    flows as at the end of such fiscal month, and for the period commencing at the end of the immediately preceding Fiscal Year and ending with the end of such fiscal month, setting forth in each case in comparative form the figures for the corresponding
    date or period set forth in the financial statements for the immediately preceding Fiscal Year, all in reasonable detail and certified by an Authorized Officer of the Ultimate Parent as fairly presenting, in all material respects, the financial
    position of the Ultimate Parent and its Subsidiaries as of the end of such fiscal month and the results of operations, retained earnings and cash flows of the Ultimate Parent and its Subsidiaries for such fiscal month and for such year to date period,
    in accordance with GAAP applied in a manner consistent with that of the most recent audited financial statements furnished to the Agents and the Lenders, subject to the absence of footnotes and normal year-end adjustments;

   

  
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  (ii)         as soon as available and in any event within 45 days after the end of each fiscal quarter of the Ultimate Parent and its Subsidiaries
    commencing with the first fiscal quarter of the Ultimate Parent and its Subsidiaries ending after the Effective Date, consolidated and consolidating balance sheets, statements of operations and retained earnings and statements of cash flows of the
    Ultimate Parent and its Subsidiaries as at the end of such quarter, and for the period commencing at the end of the immediately preceding Fiscal Year and ending with the end of such quarter, setting forth in each case in comparative form the figures
    for the corresponding date or period set forth in (A) the financial statements for the immediately preceding Fiscal Year and (B) the Projections, all in reasonable detail and certified by an Authorized Officer of the Ultimate Parent as fairly
    presenting, in all material respects, the financial position of the Ultimate Parent and its Subsidiaries as of the end of such quarter and the results of operations and cash flows of the Ultimate Parent and its Subsidiaries for such quarter and for
    such year-to-date period, in accordance with GAAP applied in a manner consistent with that of the most recent audited financial statements of the Ultimate Parent and its Subsidiaries furnished to the Agents and the Lenders, subject to the absence of
    footnotes and normal year-end adjustments;

   

  (iii)        as soon as available, and in any event within 120 days after the end of each Fiscal Year of the Ultimate Parent and its Subsidiaries,
    consolidated and consolidating balance sheets, statements of operations and retained earnings and statements of cash flows of the Ultimate Parent and its Subsidiaries as at the end of such Fiscal Year, setting forth in each case in comparative form the
    figures for the corresponding date or period set forth in (A) the financial statements for the immediately preceding Fiscal Year and (B) the Projections, all in reasonable detail and prepared in accordance with GAAP, and accompanied by a report and an
    opinion, prepared in accordance with generally accepted auditing standards, of independent certified public accountants of recognized standing selected by the Ultimate Parent and satisfactory to the Agents (which report and opinion shall not include
    (1) any qualification, exception or explanatory paragraph expressing substantial doubt about the ability of the Ultimate Parent or any of its Subsidiaries to continue as a going concern or any qualification or exception as to the scope of such audit or
    (2) any qualification which relates to the treatment or classification of any item and which, as a condition to the removal of such qualification, would require an adjustment to such item, the effect of which would be to cause any noncompliance with
    the provisions of Section 7.03);

   

  (iv)        simultaneously with the delivery of the financial statements of the Ultimate Parent and its Subsidiaries required by clauses (i), (ii)
    and (iii) of this Section 7.01(a), a Compliance Certificate:

   

  (A)          stating that such Authorized Officer has reviewed the provisions of this Agreement and the other Loan
      Documents and has made or caused to be made under his or her supervision a review of the condition and operations of the Ultimate Parent and its Subsidiaries during the period covered by such financial statements with a view to determining whether
      the Ultimate Parent and its Subsidiaries were in compliance with all of the provisions of this Agreement and such Loan Documents at the times such compliance is required hereby and thereby, and that such review has not disclosed, and such Authorized
      Officer has no knowledge of, the occurrence and continuance during such period of an Event of Default or Default or, if an Event of Default or Default had occurred and continued or is continuing, describing the nature and period of existence thereof
      and the action which the Ultimate Parent and its Subsidiaries propose to take or have taken with respect thereto,

   

  
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  (B)          in the case of the delivery of the financial statements of the Ultimate Parent and its Subsidiaries
      required by clauses (ii) and (iii) of this Section 7.01(a), (1) attaching a schedule showing the calculation of the financial covenants specified in Section 7.03 and the calculation of the Leverage Ratio for the applicable period for purposes of
      determining the Applicable Margin in accordance with the terms of the definition thereof and (2) including a discussion and analysis of the financial condition and results of operations of the Ultimate Parent and its Subsidiaries for the portion of
      the Fiscal Year then elapsed and discussing the reasons for any significant variations from the Projections for such period and the figures for the corresponding period in the previous Fiscal Year, and

   

  (C)          in the case of the delivery of the financial statements of the Ultimate Parent and its Subsidiaries
      required by clause (iii) of this Section 7.01(a), attaching (1) a summary of all material insurance coverage maintained as of the date thereof by any Loan Party or any of its Subsidiaries and evidence that such insurance coverage meets the
      requirements set forth in Section 7.01, each Security Agreement and each Mortgage, together with such other related documents and information as the Administrative Agent may reasonably require, (2) the calculation of the Excess Cash Flow in
      accordance with the terms of Section 2.05(c)(i) and (3) confirmation that there have been no changes to the information contained in each of the Perfection Certificates delivered on the Effective Date or the date of the most recently updated
      Perfection Certificate delivered pursuant to this clause (iv) and/or attaching an updated Perfection Certificate identifying any such changes to the information contained therein;

   

  (v)         as soon as available and in any event within 10 days after the end of each fiscal month of the
    Ultimate Parent and its Subsidiaries commencing with the first fiscal month of the Ultimate Parent and its Subsidiaries ending after the Effective Date, reports in form and detail satisfactory to the Agents and certified by an Authorized Officer of the
    Administrative Borrower as being accurate and complete (A) listing all Accounts of the Loan Parties as of such day, which shall include the amount and age of each such Account, showing separately those which are more than 30, 60, 90 and 120 days old
    and a description of all Liens, set-offs, defenses and counterclaims with respect thereto, together with a reconciliation of such schedule with the schedule delivered to the Agents pursuant to this clause (v)(A) for the immediately preceding fiscal
    month and such other information as any Agent may request, (B) listing all accounts payable of the Loan Parties as of each such day which shall include the amount and age of each such account payable and such other
      information as any Agent may request, and (C) listing all Inventory of the Loan Parties as of each such day, and containing a breakdown of such Inventory by type and amount, the cost value thereof (by location) and such other information as any Agent
      may request, all in detail and in form satisfactory to the Agents;

   

   (vi)        [reserved];

   

   (vii)       as soon as available and in any event not later than 45 days after the

      end of each Fiscal Year, a certificate of an Authorized Officer of the Ultimate Parent (A) attaching Projections for the Ultimate Parent and its Subsidiaries, supplementing and superseding the Projections previously required to be delivered pursuant
      to this Agreement, prepared on a monthly basis and otherwise in form and substance satisfactory to the Agents, for the immediately succeeding Fiscal Year for the Ultimate Parent and its Subsidiaries, and (B) certifying that the representations and
      warranties set forth in Section 6.01(ff)(ii) are true and correct with respect to the Projections;

   

  
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  (viii)      promptly after submission to any Governmental Authority, all documents and information furnished to such Governmental Authority in
    connection with any investigation of any Loan Party other than routine inquiries by such Governmental Authority;

   

  (ix)        as soon as possible, and in any event within three Business Days after the occurrence of an Event of Default or Default or the
    occurrence of any event or development that could reasonably be expected to have a Material Adverse Effect, the written statement of an Authorized Officer of the Administrative Borrower setting forth the details of such Event of Default or Default or
    other event or development having a Material Adverse Effect and the action which the affected Loan Party proposes to take with respect thereto;

   

  (x)         as soon as possible and in any event: (A) at least ten days prior to any event or development that could reasonably be expected to
    result in or constitute an ERISA Event, and, to the extent not reasonably expected, within five days after the occurrence of any ERISA Event, notice of such ERISA Event (in reasonable detail), (B) within three days after receipt thereof by any Loan
    Party or any of its ERISA Affiliates from the PBGC, copies of each notice received by any Loan Party or any of its ERISA Affiliates of the PBGC’s intention to terminate any Pension Plan or to have a trustee appointed to administer any Pension Plan, (C)
    within ten days after the filing thereof with the Internal Revenue Service, copies of each Schedule B (Actuarial Information) to the annual report (Form 5500 Series) with respect to each Pension Plan, (D) within three days after receipt thereof by any
    Loan Party or any of its ERISA Affiliates from a sponsor of a Multiemployer Plan or from the PBGC, a copy of each notice received by any Loan Party or any of its ERISA Affiliates concerning the imposition or amount of withdrawal liability under Section
    4202 of ERISA, and (E) within ten days after any Loan Party sends notice of a plant closing or mass layoff (as defined in WARN) to employees, copies of each such notice sent by such Loan Party;

   

  (xi)        promptly after the commencement thereof but in any event not later than five days after service of process with respect thereto on, or
    the obtaining of knowledge thereof by, any Loan Party, notice of each action, suit or proceeding before any court or other Governmental Authority or other regulatory body or any arbitrator which could reasonably be expected to have a Material Adverse
    Effect;

   

  (xii)       as soon as possible and in any event within five days after execution, receipt or delivery thereof, copies of any material notices that
    any Loan Party executes or receives in connection with any Material Contract;

   

  (xiii)      [reserved];

   

  (xiv)      [reserved];

   

  (xv)       promptly after (A) the sending or filing thereof, copies of all statements, reports and other information
      any Loan Party sends to any holders of its Indebtedness or its securities or files with the SEC or any national (domestic or foreign) securities exchange, and (B) the receipt thereof, a copy of any material notice received from any holder of its
      Indebtedness;

   

  (xvi)      promptly upon receipt thereof, copies of all financial reports (including, without limitation, management letters), if any, submitted to
    any Loan Party by its auditors in connection with any annual or interim audit of the books thereof;

   

  (xvii)     promptly upon request, any certification or other evidence requested from time to time by any Lender in its sole discretion, confirming
    the Borrowers’ compliance with Section 7.02(r);

   

  
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   (xviii)    [reserved];

   

   (xix)       simultaneously with the delivery of the financial statements of the Ultimate Parent and its Subsidiaries
      required by clauses (i), (ii) and (iii) of this Section 7.01(a), if, as a result of any change in accounting principles and policies from those used in the preparation of the Financial Statements that is permitted by Section 7.02(q), the consolidated
      financial statements of the Ultimate Parent and its Subsidiaries delivered pursuant to clauses (i), (ii) and (iii) of this Section 7.01(a) will differ from the consolidated financial statements that would have been delivered pursuant to such
      subdivisions had no such change in accounting principles and policies been made, then, together with the first delivery of such financial statements after such change, one or more statements of reconciliation for all such prior financial statements
      in form and substance satisfactory to the Agents; and

   

  (xx)        promptly upon request, such other information concerning the condition or operations, financial or otherwise, of any Loan Party as any
    Agent may from time to time may reasonably request.

   

  (b)          Additional Borrowers, Guarantors and Collateral Security. Cause:

   

  (i)           each Subsidiary of any Loan Party not in existence on the Effective Date (other than an Excluded
    Subsidiary), and each Subsidiary of any Loan Party which is an Excluded Subsidiary on the Effective Date or upon formation or acquisition but later ceases to be an Excluded Subsidiary, to execute and deliver to the Collateral Agent promptly and in any
    event within (A) with respect to any Domestic Subsidiary, 10 days, and (B) with respect to any Foreign Subsidiary, 20 days, after the formation, acquisition or change in status thereof, (1) a Joinder Agreement, pursuant
      to which such Subsidiary shall be made a party to this Agreement as a Borrower or a Guarantor, (2) a supplement to the Security Agreement, together with (x) certificates evidencing all of the Equity Interests of any Person owned by such Subsidiary
      required to be pledged under the terms of the Security Agreement, (y) undated stock powers for such Equity Interests executed in blank with signature guaranteed, and (z) such opinions of counsel as the Collateral Agent may reasonably request, (3) to
      the extent required under the terms of this Agreement, one or more Mortgages creating on the real property of such Subsidiary a perfected, first priority Lien (in terms of priority, subject only to Permitted Specified Liens) on such real property and
      such other Real Property Deliverables as may be required by the Collateral Agent with respect to each such real property, (4) with respect to any Foreign Subsidiary, such other foreign law security agreements, approvals, documents, filings, or
      registrations reasonably requested by the Collateral Agent in order to create, perfect, or establish the priority of or perfection of any lien pursuant to the applicable laws of the jurisdiction of organization of such Foreign Subsidiary, and (5)
      such other agreements, instruments, approvals or other documents reasonably requested by the Collateral Agent in order to create, perfect, establish the first priority of or otherwise protect any Lien purported to be covered by any such Security
      Agreement or Mortgage or otherwise to effect the intent that such Subsidiary shall become bound by all of the terms, covenants and agreements contained in the Loan Documents and that all property and assets of such Subsidiary shall become Collateral
      for the Obligations; and

   

  (ii)          each owner of the Equity Interests of any such Subsidiary to execute and deliver promptly and in
    any event within (A) with respect to any Domestic Subsidiary, 10 days, and (B) with respect to any Foreign Subsidiary, 20 days, after the formation, acquisition or change in status of such Subsidiary a Pledge Amendment (as defined in the Security
    Agreement), together with (1) certificates evidencing all of the Equity Interests of such Subsidiary required to be pledged under the terms of the Security Agreement, (2) undated stock powers or other appropriate
      instruments of assignment for such Equity Interests executed in blank with signature guaranteed, (3) such opinions of counsel as the Collateral Agent may reasonably request, (4) with respect to any Foreign Subsidiary, such other foreign law security
      agreements, approvals, documents, filings, or registrations reasonably requested by the Collateral Agent in order to create, perfect, or establish the priority of or perfection of any lien pursuant to the applicable laws of the jurisdiction of
      organization of such Foreign Subsidiary, and (5) such other agreements, instruments, approvals or other documents requested by the Collateral Agent.

   

  
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  Notwithstanding the foregoing, no Excluded Subsidiary shall be required to become a Guarantor hereunder (and, as such, shall not be required to deliver the documents
    required by clause (i) above); provided, however, that if the Equity Interests of an Excluded Subsidiary are owned by a Loan Party, such Loan Party shall deliver all such documents, instruments, agreements (including, without limitation, with respect
    to any Foreign Subsidiary, at the reasonable request of the Collateral Agent, a pledge agreement governed by the laws of the jurisdiction of the organization of such Foreign Subsidiary) and certificates described in clause (ii) above to the Collateral
    Agent, and take all commercially reasonable actions reasonably requested by the Collateral Agent or otherwise necessary to grant and to perfect a first-priority Lien (subject to Permitted Specified Liens) in favor of the Collateral Agent, for the
    benefit of the Agents and the Lenders, in all of the Equity Interests of such Excluded Subsidiary owned by such Loan Party.

   

  (c)          Compliance with Laws; Payment of Taxes.

   

  (i)          Comply, and cause each of its Subsidiaries to comply, with all Requirements of Law, judgments and
    awards (including any settlement of any claim that, if breached, could give rise to any of the foregoing), except to the extent the failure to so comply could not reasonably be expected to have a Material Adverse Effect.

   

  (ii)         Pay, and cause each of its Subsidiaries to pay, in full before delinquency or before the
    expiration of any extension period, all federal and other material Taxes imposed upon any Loan Party or any of its Subsidiaries or any property of any Loan Party or any of its Subsidiaries, except Taxes contested in good faith by proper proceedings
    which stay the imposition of any Lien resulting from the non-payment thereof and with respect to which adequate reserves have been set aside for the payment thereof in accordance with GAAP.

   

  (d)          Preservation of Existence, Etc. Maintain and preserve, and cause each of its Subsidiaries to
    maintain and preserve, its existence, rights and privileges, and become or remain, and cause each of its Subsidiaries to become or remain, duly qualified and in good standing in each jurisdiction in which the character of the properties owned or leased
    by it or in which the transaction of its business makes such qualification necessary, except to the extent that the failure to be so qualified could not reasonably be expected to have a Material Adverse Effect.

   

  (e)          Keeping of Records and Books of Account. Keep, and cause each of its Subsidiaries to keep,
    adequate records and books of account, with complete entries made to permit the preparation of financial statements in accordance with GAAP.

   

  (f)          Inspection Rights. Permit, and cause each of its Subsidiaries to permit, the agents and
    representatives of any Agent, at any time and from time to time, at the expense of the Borrowers, to examine and make copies of and abstracts from its records and books of account, to visit and inspect its properties, to verify materials, leases,
    notes, accounts receivable, deposit accounts and its other assets, to conduct audits, physical counts, valuations, appraisals or examinations and to discuss its affairs, finances and accounts with any of its directors, officers, managerial employees,
    independent accountants or any of its other representatives (in each case, so long as no Event of Default shall have occurred and be continuing, upon 3 days prior written notice and during normal business hours). In furtherance of the foregoing, each
    Loan Party hereby authorizes its independent accountants, and the independent accountants of each of its Subsidiaries, to discuss the affairs, finances and accounts of such Person (independently or together with representatives of such Person) with the
    agents and representatives of any Agent in accordance with this Section 7.01(f).

   

  
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  (g)          Maintenance of Properties, Etc. Maintain and preserve, and cause each of its Subsidiaries to
    maintain and preserve, all of its properties which are necessary or useful in the proper conduct of its business in good working order and condition, ordinary wear and tear and casualty excepted, and comply, and cause each of its Subsidiaries to
    comply, at all times with the provisions of all leases to which it is a party as lessee or under which it occupies property, so as to prevent any loss or forfeiture thereof or thereunder, except to the extent the failure to so maintain and preserve or
    so comply could not reasonably be expected to have a Material Adverse Effect.

   

  (h)          Maintenance of Insurance. Maintain, and cause each of its Subsidiaries to maintain, insurance
    with responsible and reputable insurance companies or associations (including, without limitation, comprehensive general liability, hazard, flood, rent, worker’s compensation and business interruption insurance) with respect to the Collateral and its
    other properties (including all real property leased or owned by it) and business, in such amounts and covering such risks as is (i) carried generally in accordance with sound business practice by companies in similar businesses similarly situated,
    (ii) required by any Requirement of Law, (iii) required by any Material Contract and (iv) in any event in amount, adequacy and scope reasonably satisfactory to the Collateral Agent. All policies covering the Collateral are to be made payable to the
    Collateral Agent for the benefit of the Agents and the Lenders, as their interests may appear, in case of loss, under a standard non contributory “lender” or “secured party” clause and are to contain such other provisions as the Collateral Agent may
    require to fully protect the Lenders’ interest in the Collateral and to any payments to be made under such policies. All certificates of insurance are to be delivered to the Collateral Agent and the policies are to be premium prepaid, with the loss
    payable and additional insured endorsement in favor of the Collateral Agent for the benefit of the Agents and the Lenders, as their respective interests may appear, and such other Persons as the Collateral Agent may designate from time to time, and
    shall provide for not less than 30 days’ (ten days’ in the case of non-payment) prior written notice to the Collateral Agent of the exercise of any right of cancellation. If any Loan Party or any of its Subsidiaries fails to maintain such insurance,
    the Collateral Agent may arrange for such insurance, but at the Borrowers’ expense and without any responsibility on the Collateral Agent’s part for obtaining the insurance, the solvency of the insurance companies, the adequacy of the coverage, or the
    collection of claims. Upon the occurrence and during the continuance of an Event of Default, the Collateral Agent shall have the sole right, in the name of the Lenders, any Loan Party and its Subsidiaries, to file claims under any insurance policies,
    to receive, receipt and give acquittance for any payments that may be payable thereunder, and to execute any and all endorsements, receipts, releases, assignments, reassignments or other documents that may be necessary to effect the collection,
    compromise or settlement of any claims under any such insurance policies.

   

  (i)          Obtaining of Permits, Etc. Obtain, maintain and preserve, and cause each of its Subsidiaries
    to obtain, maintain and preserve, and take all necessary action to timely renew, all permits, licenses, authorizations, approvals, entitlements and accreditations that are necessary or useful in the proper conduct of its business, in each case, except
    to the extent the failure to obtain, maintain, preserve or take such action could not reasonably be expected to have a Material Adverse Effect.

   

   (j)          Environmental. 

   

  (i)          Keep the Collateral free of any Environmental Lien;

   

  (ii)         Obtain, maintain and preserve, and cause each of its Subsidiaries to obtain, maintain and
    preserve, and take all necessary action to timely renew, all Environmental Permits that are necessary or useful in the proper conduct of its business, and comply, and cause each of its Subsidiaries to comply, with all Environmental Laws and
    Environmental Permits, except to the extent the failure to so obtain, maintain, preserve or comply could not reasonably be expected to result in a material Environmental Claim or Environmental Liability;

   

  
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  (iii)        Take all commercially reasonable steps to prevent any Release or threatened Release of Hazardous
    Materials in violation of any Environmental Law or Environmental Permit at, in, on, under or from any property owned, leased or operated by any Loan Party or its Subsidiaries that could reasonably be expected to result in a material Environmental Claim
    or Environmental Liability;

   

  (iv)        Provide the Collateral Agent with written notice within ten (10) days of any of the following: (A)
    discovery of any Release of a Hazardous Material or environmental condition at, in, on, under or from any property currently or formerly owned, leased or operated by any Loan Party, Subsidiary or predecessor in interest or any violation of
    Environmental Law or Environmental Permit that in any case could reasonably be expected to result in any material Environmental Claim or Environmental Liability; (B) notice that an Environmental Lien has been filed against any Collateral; or (C) a material Environmental Claim or Environmental Liability; and provide such reports, documents and information as the Collateral Agent may reasonably request from time to time with respect to any of the foregoing.

   

  (k)         Fiscal Year. Cause the Fiscal Year of the Ultimate Parent and its Subsidiaries to end on
    December 31 of each calendar year unless the Agents consent to a change in such Fiscal Year (and appropriate related changes to this Agreement).

   

  (l)          Landlord Waivers; Collateral Access Agreements. Obtain a written subordination or waiver or
    collateral access agreement, as the case may be, in form and substance satisfactory to the Collateral Agent, with respect to (i) each headquarters location of each Loan Party, (ii) each location where books and records of any Loan Party are stored or
    maintained and (iii) each other location where any Collateral with a book value in excess of $2,500,000 (when aggregated with all other Collateral at the same location) is stored or maintained, in each case, if such location is not owned by a Loan
    Party (including, without limitation, any premises of a bailee, warehouseman or similar party); provided that such subordination or waiver or collateral access agreement shall not be required with respect to any such location if the
    Collateral Agent is reasonably satisfied that such subordination or waiver or collateral access agreement will not be obtained after the Loan Parties have used commercially reasonable efforts to obtain the same.

   

  (m)         After-Acquired Real Property. Upon the acquisition by it or any of its Subsidiaries after the
    date hereof of any interest in any real property (wherever located) (each such interest being a “New Facility”) with a Current Value (as defined below) in excess of $2,500,000, immediately so notify the Collateral Agent, setting forth with
    specificity a description of the interest acquired, the location of the real property, any structures or improvements thereon and either an appraisal or such Loan Party’s good faith estimate of the current value of such real property (for purposes of
    this Section, the “Current Value”). The Collateral Agent shall notify such Loan Party whether it intends to require a Mortgage (and any other Real Property Deliverables)) with respect to such New Facility. Upon receipt of such
    notice requesting a Mortgage (and any other Real Property Deliverables), the Person that has acquired such New Facility shall promptly furnish the same to the Collateral Agent. The Borrowers shall pay all fees and expenses, including, without
    limitation, reasonable attorneys’ fees and expenses, and all title insurance charges and premiums, in connection with each Loan Party’s obligations under this Section 7.01(m).

   

  
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  (n)          Anti-Corruption Laws; Anti-Money Laundering Laws; Sanctions.

   

  (i)          Maintain, and cause each of its Subsidiaries to maintain, policies and procedures designed to
    promote compliance by each Loan Party, its Subsidiaries and their respective directors, officers, employees and agents with all Anti-Corruption Laws and Anti-Money Laundering Laws.

   

  (ii)         Comply, and cause each of its Subsidiaries to comply, with all applicable Anti-Corruption Laws,
    Anti-Money Laundering Laws and Sanctions.

   

  (iii)        Neither Loan Party nor, to the best knowledge of any Loan Party, any director, officer, employee or
    any Person acting on behalf of any Loan Party will engage in any activity that would breach any Anti-Corruption Law.

   

  (iv)        Promptly notify the Administrative Agent of any action, suit or investigations by any court or
    Governmental Authority in relation to an alleged breach of the Anti-Corruption Law.

   

  (v)         Not directly or indirectly use, lend or contribute the proceeds of any Loan for any purpose that
    would breach any Anti-Corruption Law.

   

  (vi)        Each Loan Party and Affiliate, officer, employee or director, acting on behalf of the Loan Party is
    (and will take no action which would result in any such Person not being) in compliance with (A) all applicable OFAC rules and regulations, (B) all applicable United States of America, United Kingdom, United Nations, European Union, German, Canadian,
    Australian and all other reasonable internationally respected national autonomous sanctions, embargos and trade restrictions and (C) all applicable provisions of the USA PATRIOT Act. In addition, none
      of the activities or business of any Loan Party includes any kind of activities or business of or with any Person or in any country or territory that is subject to any Sanctions.

   

  (vii)       In order to comply with the “know your customer/borrower” requirements of the Anti-Money Laundering
    Laws, promptly provide to the Administrative Agent upon its reasonable request from time to time (A) information relating to individuals and entities affiliated with any Loan Party that maintain a business relationship with the Administrative Agent and
    (B) such identifying information and documentation as may be available for such Loan Party in order to enable the Administrative Agent or any Lender to comply with Anti-Money Laundering Laws.

   

  (o)          Lender Meetings. Upon the request of any Agent or the Required Lenders (which request, so
    long as no Event of Default shall have occurred and be continuing, shall not be made more than (i) once during each fiscal month of the Parent and its Subsidiaries during the period from the Effective Date through September 31, 2021 and (2) once during
    each fiscal quarter of the Parent and its Subsidiaries thereafter), participate in a meeting with the Agents and the Lenders at the Borrowers’ corporate offices (or at such other location (or by such other telephonic means) as may be agreed to by the
    Administrative Borrower and such Agent or the Required Lenders) at such time as may be agreed to by the Administrative Borrower and such Agent or the Required Lenders.

   

   (p)         [Reserved].

   

   (q)         Health Care. 

   

  (i)          Obtain, maintain and preserve, and cause each of its Subsidiaries to obtain, maintain and
    preserve, and take all necessary action to timely renew, all Health Care Permits that are necessary or useful in the proper conduct of its business, and comply, and cause each of its Subsidiaries to comply, with all Health Care Laws and Health Care
    Permits, except to the extent the failure to so obtain, maintain, preserve or comply could not reasonably be expected to result in a material Health Care Claim or Health Care Liability; and

   

  
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  (ii)         Provide the Agents with written notice within 10 days of a material Health Care Claim or Health Care
    Liability; and provide such reports, documents and information as any Agent may reasonably request from time to time with respect to any of the foregoing.

   

  (r)          [Reserved].

   

  (s)          Further Assurances. Take such action and execute, acknowledge and deliver, and cause each of
    its Subsidiaries to take such action and execute, acknowledge and deliver, at its sole cost and expense, such agreements, instruments or other documents as any Agent may require from time to time in order (i) to carry out more effectively the purposes
    of this Agreement and the other Loan Documents, (ii) to subject to valid and perfected first priority Liens any of the Collateral or any other property of any Loan Party and its Subsidiaries (subject only to Permitted Specified Liens), (iii) to
    establish and maintain the validity and effectiveness of any of the Loan Documents and the validity, perfection and priority of the Liens intended to be created thereby, and (iv) to better assure, convey, grant, assign, transfer and confirm unto each
    Secured Party the rights now or hereafter intended to be granted to it under this Agreement or any other Loan Document. In furtherance of the foregoing, to the maximum extent permitted by applicable law, each Loan Party (i) authorizes each Agent to
    execute any such agreements, instruments or other documents in such Loan Party’s name and to file such agreements, instruments or other documents in any appropriate filing office, (ii) authorizes each Agent to file any financing statement required
    hereunder or under any other Loan Document, and any continuation statement or amendment with respect thereto, in any appropriate filing office without the signature of such Loan Party, and (iii) ratifies the filing of any financing statement, and any
    continuation statement or amendment with respect thereto, filed without the signature of such Loan Party prior to the date hereof.

   

  Section 7.02          Negative Covenants. So long as any principal of or interest on any
    Loan or any other Obligation (whether or not due) shall remain unpaid (other than Contingent Indemnity Obligations) or any Lender shall have any Commitment hereunder, each Loan Party shall not, unless the Required Lenders shall otherwise consent in
    writing:

   

  (a)          Liens, Etc. Create, incur, assume or suffer to exist, or permit any of its Subsidiaries to
    create, incur, assume or suffer to exist, any Lien upon or with respect to any of its properties, whether now owned or hereafter acquired; file or suffer to exist under the Uniform Commercial Code or any Requirement of Law of any jurisdiction, a
    financing statement (or the equivalent thereof) that names it or any of its Subsidiaries as debtor; sign or suffer to exist any security agreement authorizing any secured party thereunder to file such financing statement (or the equivalent thereof)
    other than, as to all of the above, Permitted Liens.

   

  (b)          Indebtedness. Create, incur, assume, guarantee or suffer to exist, or otherwise become or
    remain liable with respect to, or permit any of its Subsidiaries to create, incur, assume, guarantee or suffer to exist or otherwise become or remain liable with respect to, any Indebtedness other than Permitted Indebtedness.

   

  
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  (c)          Fundamental Changes; Dispositions.

   

  (i)          Wind up, liquidate or dissolve, or merge, consolidate or amalgamate with any Person, including by
    means of a “plan of division” under the Delaware Limited Liability Company Act or any comparable transaction under any similar law, or permit any of its Subsidiaries to do (or agree to do) any of the foregoing; provided, however, that (A) any
    wholly-owned Subsidiary of any Loan Party (other than the Ultimate Parent, the Parent or a Borrower) may be merged into such Loan Party or another wholly-owned Subsidiary of such Loan Party, or may consolidate or amalgamate with another wholly-owned
    Subsidiary of such Loan Party, and (B) any Subsidiary (other than the Parent) may be merged into a Borrower if such Borrower is the surviving entity of such merger, in each case so long as (1) no other provision of this Agreement would be violated
    thereby, (2) such Loan Party gives the Agents at least 30 days’ prior written notice of such merger, consolidation or amalgamation accompanied by true, correct and complete copies of all material agreements, documents and instruments relating to such
    merger, consolidation or amalgamation, including, without limitation, the certificate or certificates of merger or amalgamation to be filed with each appropriate Secretary of State (with a copy as filed promptly after such filing), (3) no Default or
    Event of Default shall have occurred and be continuing either before or after giving effect to such transaction, (4) the Lenders’ rights in any Collateral, including, without limitation, the existence, perfection and priority of any Lien thereon, are
    not adversely affected by such merger, consolidation or amalgamation, and (5) the surviving Subsidiary, if any, if not already a Loan Party, is joined as a Loan Party hereunder pursuant to a Joinder Agreement and is a party to a Security Agreement and
    the Equity Interests of such Subsidiary is the subject of a Security Agreement, in each case, which is in full force and effect on the date of and immediately after giving effect to such merger, consolidation or amalgamation; and

   

  (ii)         Make any Disposition, whether in one transaction or a series of related transactions, of all or any
    part of its business, property or assets, whether now owned or hereafter acquired (or agree to do any of the foregoing), or permit any of its Subsidiaries to do any of the foregoing; provided, however, that any Loan Party and its Subsidiaries may make
    Permitted Dispositions.

   

  (d)          Change in Nature of Business.

   

  (i)          Make, or permit any of its Subsidiaries to make, any change in the nature of its business as
    described in Section 6.01(l).

   

  (ii)         Permit the Ultimate Parent or the Parent to (A) have any material liabilities (other than (1) in the
    case of the Parent, the liabilities described on Schedule 7.02(j), and (2) in each case, the liabilities arising under the Loan Documents), (B) own any material assets (other than (1) in the case of the Parent, the assets described on Schedule 7.02(j),
    and (2) in each case, the Equity Interests of its Subsidiaries) or (C) engage in any operations or business (other than (1) in the case of the Parent, the business described on Schedule 7.02(j), and (2) in each case, the ownership of its Subsidiaries).

   

  (e)          Loans, Advances, Investments, Etc. Make or commit or agree to make, or permit any of its
    Subsidiaries make or commit or agree to make, any Investment in any other Person except for Permitted Investments.

   

  (f)          Sale and Leaseback Transactions. Enter into, or permit any of its Subsidiaries to enter
    into, any Sale and Leaseback Transaction.

   

  (g)         [Reserved].

   

  (h)         Restricted Payments. Make or permit any of its Subsidiaries to make any Restricted Payment other than Permitted Restricted Payments.

   

  
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  (i)          Federal Reserve Regulations. Permit any Loan or the proceeds of any Loan under this Agreement
    to be used for any purpose that would cause such Loan to be a margin loan under the provisions of Regulation T, U or X of the Board.

   

  (j)          Transactions with Affiliates. Enter into, renew, extend or be a party to, or permit any of
    its Subsidiaries to enter into, renew, extend or be a party to, any transaction or series of related transactions (including, without limitation, the purchase, sale, lease, transfer or exchange of property or assets of any kind or the rendering of
    services of any kind) with any Affiliate, except: (i) transactions consummated in the ordinary course of business in a manner and to an extent consistent with past practice and necessary or desirable for the prudent operation of its business, for fair
    consideration and on terms no less favorable to it or its Subsidiaries than would be obtainable in a comparable arm’s length transaction with a Person that is not an Affiliate thereof, and that are fully disclosed to the Agents prior to the
    consummation thereof, if they involve one or more payments by the Ultimate Parent or any of its Subsidiaries in excess of $1,000,000 for any single transaction or series of related transactions, (ii) transactions with another Loan Party, (iii)
    transactions permitted by Sections 7.02(e) and 7.02(h), (iv) sales of Qualified Equity Interests of the Ultimate Parent to Affiliates of the Ultimate Parent not otherwise prohibited by the Loan Documents and the granting of registration and other
    customary rights in connection therewith, (v) reasonable and customary director and officer compensation (including bonuses and stock option programs), benefits and indemnification arrangements, in each case, approved by the Board of Directors (or a
    committee thereof) of such Loan Party or such Subsidiary and (vi) transactions occurring prior to the Effective Date and listed on Schedule 7.02(j) and any renewal, extension or modification thereof, in each case, on terms that are not materially less
    favorable to the Loan Parties and the Lenders, taken as a whole, than the terms of such transactions listed on Schedule 7.02(j) on the Effective Date.

   

  Notwithstanding the foregoing, all payments for services or royalties made by one Loan Party or Subsidiary to another Loan Party or Subsidiary under any intercompany
    agreement shall (A) be made in the ordinary course of business and in a manner consistent with past practices, (B) have transfer pricing payment terms that comply with all applicable transfer pricing rules and regulations, (C) not exceed the amounts
    necessary for the payee thereof to pay its projected operating expenses for the following one-month period and (D) not exceed for all Loan Parties and Subsidiaries $900,000 in any one-month period.

   

  (k)          Limitations on Dividends and Other Payment Restrictions Affecting Subsidiaries.
    Create or otherwise cause, incur, assume, suffer or permit to exist or become effective any consensual encumbrance or restriction of any kind on the ability of any Subsidiary of any Loan Party (i) to pay dividends or to make any other
    distribution on any shares of Equity Interests of such Subsidiary owned by any Loan Party or any of its Subsidiaries, (ii) to pay or prepay or to subordinate any Indebtedness owed to any Loan Party or any of its Subsidiaries, (iii) to make loans or
    advances to any Loan Party or any of its Subsidiaries or (iv) to transfer any of its property or assets to any Loan Party or any of its Subsidiaries, or permit any of its Subsidiaries to do any of the foregoing; provided, however, that nothing in any
    of clauses (i) through (iv) of this Section 7.02(k) shall prohibit or restrict compliance with:

   

   (A)          this Agreement and the other Loan Documents; 

   

   (B)          any agreement in effect on the date of this Agreement and described
      on Schedule 7.02(k) hereto, or any extension, replacement or continuation of any such agreement; provided that, any such encumbrance or restriction contained in such extended, replaced or continued agreement is no less favorable to the Agents and the
      Lenders than the encumbrance or restriction under or pursuant to the agreement so extended, replaced or continued;

   

  
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  (C)          any applicable law, rule or regulation (including, without limitation, applicable currency control laws and
      applicable state corporate statutes restricting the payment of dividends in certain circumstances);

   

  (D)          in the case of clause (iv), (1) customary restrictions on the subletting, assignment or transfer of any
      specified property or asset set forth in a lease, license, asset, sale agreement or similar contract for the conveyance of such property or asset and (2) instrument or other document evidencing a Permitted Lien (or the Indebtedness secured thereby)
      from restricting on customary terms the transfer of any property or assets subject thereto;

   

  (E)          customary restrictions on dispositions of real property interests in reciprocal easement agreements;

   

  (F)          customary restrictions in agreements for the sale of assets on the transfer or encumbrance of such assets
      during an interim period prior to the closing of the sale of such assets; or

   

  (G)          customary restrictions in contracts that prohibit the assignment of
      such contract.

   

  (l)          Limitations on Negative Pledges. Enter into, incur or permit to exist, or permit any
    Subsidiary to enter into, incur or permit to exist, directly or indirectly, any agreement, instrument, deed, lease or other arrangement that prohibits, restricts or imposes any condition upon the ability of any Loan Party or any Subsidiary of any Loan
    Party to create, incur or permit to exist any Lien upon any of its property or revenues, whether now owned or hereafter acquired, or that requires the grant of any security for an obligation if security is granted for another obligation, except the
    following: (i) this Agreement and the other Loan Documents, (ii) restrictions or conditions imposed by any agreement relating to secured Indebtedness permitted by Section 7.02(b) if such restrictions or conditions apply only to the property or assets
    securing such Indebtedness, (iii) any customary restrictions and conditions contained in agreements relating to the sale or other disposition of assets or of a Subsidiary pending such sale or other disposition, provided that such restrictions and
    conditions apply only to the assets or Subsidiary to be sold or disposed of and such sale or disposition is permitted hereunder, and (iv) customary provisions in leases restricting the assignment or sublet thereof.

   

  (m)         Modifications of Indebtedness, Organizational Documents and Certain Other Agreements; Etc.

   

  (i)          Amend, modify or otherwise change (or permit the amendment, modification or other change in any
    manner of) any of the provisions of any of its or its Subsidiaries’ Subordinated Indebtedness or of any instrument or agreement (including, without limitation, any purchase agreement, indenture, loan agreement or security agreement) relating to any
    such Indebtedness if such amendment, modification or change would shorten the final maturity or average life to maturity of, or require any payment to be made earlier than the date originally scheduled on, such Indebtedness, would increase the interest
    rate applicable to such Indebtedness, would add any covenant or event of default, would change the subordination provisions of such Indebtedness, or would otherwise be adverse to the Lenders or the issuer of such Indebtedness in any respect;

   

  
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  (ii)         except for the Obligations, (A) make any voluntary or optional payment (including, without
    limitation, any payment of interest in cash that, at the option of the issuer, may be paid in cash or in kind), prepayment, redemption, defeasance, sinking fund payment or other acquisition for value of any of its or its Subsidiaries’ Indebtedness
    (including, without limitation, by way of depositing money or securities with the trustee therefor before the date required for the purpose of paying any portion of such Indebtedness when due), (B) refund, refinance, replace or exchange any other
    Indebtedness for any such Indebtedness (other than with respect to Permitted Refinancing Indebtedness), (C) make any payment, prepayment, redemption, defeasance, sinking fund payment or repurchase of any Subordinated Indebtedness in violation of the
    subordination provisions thereof or any subordination agreement with respect thereto, or (D) make any payment, prepayment, redemption, defeasance, sinking fund payment or repurchase of any Indebtedness as a result of any asset sale, change of control,
    issuance and sale of debt or equity securities or similar event, or give any notice with respect to any of the foregoing;

   

  (iii)        amend, modify or otherwise change any of its Governing Documents (including, without limitation,
    by the filing or modification of any certificate of designation, or any agreement or arrangement entered into by it) with respect to any of its Equity Interests (including any shareholders agreement), or enter into any new agreement with respect to any
    of its Equity Interests, except any such amendments, modifications or changes or any such new agreements or arrangements pursuant to this clause (iii) that either individually or in the aggregate could not reasonably be expected to have a Material
    Adverse Effect, provided that no such amendment, modification or change or new agreement or arrangement shall provide for any plan of division pursuant to Section 18-217 of the Delaware Limited Liability Company Act (or any similar statute or provision
    under applicable law); or

   

  (iv)        agree to any amendment, modification or other change to or waiver of any of its rights under any
    Material Contract if such amendment, modification, change or waiver would be adverse in any material respect to any Loan Party or any of its Subsidiaries or the Agents and the Lenders.

   

  (n)          Investment Company Act of 1940. Engage in any business, enter into any transaction, use any
    securities or take any other action or permit any of its Subsidiaries to do any of the foregoing, that would cause it or any of its Subsidiaries to become subject to the registration requirements of the Investment Company Act of 1940, as amended, by
    virtue of being an “investment company” or a company “controlled” by an “investment company” not entitled to an exemption within the meaning of such Act.

   

  (o)          ERISA.

   

  (i)          Cause, fail to prevent or suffer to exist, or permit any of its ERISA Affiliates to cause, fail to
    prevent or suffer to exist, an ERISA Event, or

   

  (ii)         adopt, or permit any of its ERISA Affiliates to adopt, any employee welfare benefit plan within
    the meaning of Section 3(1) of ERISA that provides benefits to employees after termination of employment other than as required by Section 601 of ERISA or other Requirements of Law.

   

  (p)          Environmental. Permit the use, handling, generation, storage, treatment, Release or disposal
    of Hazardous Materials on, in, at, under or from any property owned, leased or operated by it or any of its Subsidiaries, except in compliance with Environmental Laws (other than any noncompliance that could not reasonably be expected to result in any
    material Environmental Claim or Environmental Liability).

   

  (q)          Accounting Methods. Modify or change, or permit any of its Subsidiaries to modify or change,
    its method of accounting or accounting principles from those utilized in the preparation of the Financial Statements (other than as may be required to conform to GAAP).

   

  
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  (r)          Sanctioned Persons; Anti-Corruption Laws; Anti-Money Laundering Laws.

   

  (i)          Conduct, nor permit any of its Subsidiaries to conduct, any business or engage in any transaction or
    deal with or for the benefit of any Sanctioned Person, including the making or receiving of any contribution of funds, goods or services to, from or for the benefit of any Sanctioned Person; or

   

  (ii)         Use, nor permit any of its Subsidiaries to use, directly or indirectly, any of the proceeds of any
    Loan, (A) to fund any activities or business of or with any Sanctioned Person or in any other manner that would result in a violation of any Sanctions by any Person (including by any Person participating in any Loan, whether as underwriter, advisor,
    investor or otherwise), or (B) for the purpose 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 Law.

   

  (s)          Foreign Exchange Availability. Fail to maintain in full force and effect and comply with the
    terms of all Requirements of Law required to enable it to pay solely and exclusively in Dollars all amounts which a Loan Party is or may be required to pay under the Loan Documents.

   

  (t)          Pari Passu. Fail to take all actions necessary to cause all Obligations to rank at all times
    at least pari passu in priority in right of payment and in all other respects with all other of unsecured and unsubordinated Indebtedness of any Loan Party.

   

  (u)          No Excess Cash.

   

  (i)          Maintain, or permit any of its Subsidiaries to maintain, an average monthly balance of cash and Cash
    Equivalents in all of the checking, savings and other accounts of the Loan Parties and their Subsidiaries in excess of $20,000,000 in the aggregate at the close of business on the last Business Day of any month; or

   

  (ii)         Maintain, or permit any of its Subsidiaries to maintain, an average monthly balance of cash and Cash
    Equivalents in all of the checking, savings and other accounts of the Foreign Loan Parties and the Subsidiaries of the Ultimate Parent that are not Loan Parties in excess of $3,000,000 in the aggregate at the close of business on the last Business Day
    of any month.

   

  Section 7.03          Financial Covenants. So long as any principal of or interest on any
    Loan or any other Obligation (whether or not due) shall remain unpaid (other than Contingent Indemnity Obligations) or any Lender shall have any Commitment hereunder, each Loan Party shall not, unless the Required Lenders shall otherwise consent in
    writing:

   

  (a)          [Reserved].

  
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  (b)          Leverage Ratio. Permit the Leverage Ratio of the Ultimate Parent and its Subsidiaries for any
    period of 4 consecutive fiscal quarters of the Ultimate Parent and its Subsidiaries for which the last quarter ends on a date set forth below to be greater than the ratio set forth opposite such date:

   

  	
          Fiscal Quarter End

        	
          Leverage Ratio

        
	
           

        	
           

        
	
          March 31, 2021

        	
          8.00 to 1.00

        
	
           

        	
           

        
	
          June 30, 2021

        	
          5.00 to 1.00

        
	
           

        	
           

        
	
          September 30, 2021

        	
          4.00 to 1.00

        
	
           

        	
           

        
	
          December 31, 2021

        	
          3.75 to 1.00

        
	
           

        	
           

        
	
          March 31, 2022

        	
          3.50 to 1.00

        
	
           

        	
           

        
	
          June 30, 2022

        	
          3.25 to 1.00

        
	
           

        	
           

        
	
          September 30, 2022

        	
          3.00 to 1.00

        
	
           

        	
           

        
	
          December 31, 2022

        	
          2.75 to 1.00

        
	
           

        	
           

        
	
          March 31, 2023

        	
          2.75 to 1.00

        
	
           

        	
           

        
	
          June 30, 2023

        	
          2.75 to 1.00

        
	
           

        	
           

        
	
          September 30, 2023 and each fiscal quarter of the Parent ending thereafter

        	
          2.50 to 1.00

        

   

   

  (c)          Fixed Charge Coverage Ratio. Permit the Fixed Charge Coverage Ratio of the Ultimate Parent
    and its Subsidiaries for any period of 4 consecutive fiscal quarters of the Ultimate Parent and its Subsidiaries for which the last quarter ends on a date set forth below to be less than the ratio set forth opposite such date:

   

  	
          Fiscal Quarter End

        	
          Fixed Charge Coverage Ratio

        
	
           

        	
           

        
	
          March 31, 2021

        	
          1.375 to 1.00

        
	
           

        	
           

        
	
          June 30, 2021

        	
          1.375 to 1.00

        
	
           

        	
           

        
	
          September 30, 2021

        	
          1.375 to 1.00

        
	
           

        	
           

        
	
          December 31, 2021

        	
          1.375 to 1.00

        
	
           

        	
           

        
	
          March 31, 2022

        	
          1.375 to 1.00

        
	
           

        	
           

        
	
          June 30, 2022 and each fiscal quarter of the Parent ending thereafter

        	
          1.30 to 1.00

        

   

  ARTICLE VIII

   

  CASH MANAGEMENT ARRANGEMENTS

  AND OTHER COLLATERAL MATTERS

   

  Section 8.01         Cash Management Arrangements.

   

  (a)          The Loan Parties shall (i) establish and maintain cash management services of a type and on terms
    reasonably satisfactory to the Agents at one or more of the banks set forth on Schedule 8.01 hereto (each a “Cash Management Bank”) and (ii) except as otherwise provided under Section 8.01(b), deposit or cause to be deposited promptly, and in
    any event no later than the next Business Day after the date of receipt thereof, all proceeds in respect of any Collateral, all Collections (of a nature susceptible to a deposit in a bank account) and all other amounts received by any Loan Party
    (including payments made by Account Debtors directly to any Loan Party) into a Cash Management Account.

   

  (b)          On or prior to the Effective Date, the Loan Parties shall, with respect to each Cash Management
    Account (other than Excluded Accounts), deliver to the Collateral Agent a Control Agreement with respect to such Cash Management Account. The Loan Parties shall not maintain, and shall not permit any of their Subsidiaries to maintain, cash, Cash
    Equivalents or other amounts in any deposit account or securities account, unless the Collateral Agent shall have received a Control Agreement in respect of each such Cash Management Account (other than Excluded Accounts).

   

  
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  (c)          Upon the terms and subject to the conditions set forth in a Control Agreement with respect to a Cash
    Management Account, all amounts received in such Cash Management Account shall at the Administrative Agent’s direction be wired each Business Day into the Administrative Agent’s Account, except that, so long as no Event of Default has occurred and is
    continuing, the Administrative Agent will not direct the Cash Management Bank to transfer funds in such Cash Management Account to the Administrative Agent’s Account.

   

  (d)          So long as no Default or Event of Default has occurred and is continuing, the Borrowers may amend
    Schedule 8.01 to add or replace a Cash Management Bank or Cash Management Account; provided, however, that (i) such prospective Cash Management Bank shall be reasonably satisfactory to the Collateral Agent and the Collateral Agent shall have consented
    in writing in advance to the opening of such Cash Management Account with the prospective Cash Management Bank, and (ii) prior to the time of the opening of such Cash Management Account, each Loan Party and such prospective Cash Management Bank shall
    have executed and delivered to the Collateral Agent a Control Agreement. Each Loan Party shall close any of its Cash Management Accounts (and establish replacement cash management accounts in accordance with the foregoing sentence) promptly and in any
    event within 30 days of notice from the Collateral Agent that the creditworthiness of any Cash Management Bank is no longer acceptable in the Collateral Agent’s reasonable judgment, or that the operating performance, funds transfer, or availability
    procedures or performance of such Cash Management Bank with respect to Cash Management Accounts or the Collateral Agent’s liability under any Control Agreement with such Cash Management Bank is no longer acceptable in the Collateral Agent’s reasonable
    judgment.

   

  ARTICLE IX

   

  EVENTS OF DEFAULT

   

  Section 9.01         Events of Default. Each of the following events shall constitute an
    event of default (each, an “Event of Default”):

   

  (a)          any Borrower shall fail to pay, when due (whether by scheduled maturity, required prepayment,
    acceleration, demand or otherwise), (i) any interest on any Loan, any Collateral Agent Advance, or any fee, indemnity or other amount payable under this Agreement (other than any portion thereof constituting principal of the Loans) or any other Loan
    Document, and such failure continues for a period of 3 Business Days or (ii) all or any portion of the principal of the Loans;

   

  (b)          any representation or warranty made or deemed made by or on behalf of any Loan Party or by any
    officer of the foregoing under or in connection with any Loan Document or under or in connection with any certificate or other writing delivered to any Secured Party pursuant to any Loan Document shall have been incorrect in any material respect (or in
    any respect if such representation or warranty is qualified or modified as to materiality or “Material Adverse Effect” in the text thereof) when made or deemed made;

   

  (c)          any Loan Party shall fail to perform or comply with any covenant or agreement contained in Sections
    7.01(a),Section 7.01(c)(i), 7.01(d), 7.01(f), 7.01(h), 7.01(k), 7.01(m), 7.01(o), 7.02 or 7.03, or Article VIII, or any Loan Party shall fail to perform or comply with any covenant or agreement contained in any Security Agreement to which it is a party
    or any Mortgage to which it is a party;

   

  
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  (d)          any Loan Party shall fail to perform or comply with any other term, covenant or agreement contained
    in any Loan Document to be performed or observed by it and, except as set forth in subsections (a), (b) and (c) of this Section 9.01, such failure, if capable of being remedied, shall remain unremedied for 20 days after the earlier of the date a senior
    officer of any Loan Party has knowledge of such failure and the date written notice of such default shall have been given by any Agent to such Loan Party;

   

  (e)          any Loan Party or any of its Subsidiaries shall fail to pay when due (whether by scheduled maturity,
    required prepayment, acceleration, demand or otherwise) any principal, interest or other amount payable in respect of Indebtedness (excluding Indebtedness evidenced by this Agreement) having an aggregate amount outstanding in excess of $2,500,000, and
    such failure shall continue after the applicable grace period, if any, specified in the agreement or instrument relating to such Indebtedness, or any other default under any agreement or instrument relating to any such Indebtedness, or any other event,
    shall occur and shall continue after the applicable grace period, if any, specified in such agreement or instrument, if the effect of such default or event is to accelerate, or to permit the acceleration of, the maturity of such Indebtedness; or any
    such Indebtedness shall be declared to be due and payable, or required to be prepaid (other than by a regularly scheduled required prepayment), redeemed, purchased or defeased or an offer to prepay, redeem, purchase or defease such Indebtedness shall
    be required to be made, in each case, prior to the stated maturity thereof;

   

  (f)          any Loan Party or any of its Subsidiaries (i) shall institute any proceeding or voluntary case
    seeking to adjudicate it a bankrupt or insolvent, or seeking dissolution, liquidation, winding-up, reorganization, arrangement, adjustment, protection, relief or composition of it or its debts under any law relating to bankruptcy, insolvency,
    reorganization or relief of debtors, or seeking the entry of an order for relief or the appointment of a receiver, trustee, custodian or other similar official for any such Person or for any substantial part of its property, (ii) shall be generally not
    paying its debts as such debts become due or shall admit in writing its inability to pay its debts generally, (iii) shall make a general assignment for the benefit of creditors or (iv) shall take any action to authorize or effect any of the actions set
    forth above in this subsection (f);

   

  (g)          any proceeding shall be instituted against any Loan Party or any of its Subsidiaries seeking to
    adjudicate it a bankrupt or insolvent, or seeking dissolution, liquidation, winding up, reorganization, arrangement, adjustment, protection, relief of debtors, or seeking the entry of an order for relief or the appointment of a receiver, trustee,
    custodian or other similar official for any such Person or for any substantial part of its property, and either such proceeding shall remain undismissed or unstayed for a period of 45 days or any of the actions sought in such proceeding (including,
    without limitation, the entry of an order for relief against any such Person or the appointment of a receiver, trustee, custodian or other similar official for it or for any substantial part of its property) shall occur;

   

  (h)          any material provision of any Loan Document shall at any time for any reason (other than pursuant to
    the express terms thereof) cease to be valid and binding on or enforceable against any Loan Party intended to be a party thereto, or the validity or enforceability thereof shall be contested by any party thereto, or a proceeding shall be commenced by
    any Loan Party or any Governmental Authority having jurisdiction over any of them, seeking to establish the invalidity or unenforceability thereof, or any Loan Party shall deny in writing that it has any liability or obligation purported to be created
    under any Loan Document;

   

  (i)          any Security Agreement, any Mortgage or any other security document, after delivery thereof pursuant
    hereto, shall for any reason fail or cease to create a valid and perfected and, except to the extent permitted by the terms hereof or thereof, first priority Lien in favor of the Collateral Agent for the benefit of the Agents and the Lenders on any
    Collateral purported to be covered thereby;

   

  
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  (j)          one or more judgments, orders or awards (or any settlement of any litigation or other proceeding
    that, if breached, could result in a judgment, order or award) for the payment of money exceeding $2,500,000 in the aggregate (except to the extent fully covered (other than to the extent of customary deductibles) by insurance pursuant to which the
    insurer has been notified and has not denied coverage) shall be rendered against any Loan Party or any of its Subsidiaries and remain unsatisfied and (i) enforcement proceedings shall have been commenced by any creditor upon any such judgment, order,
    award or settlement or (ii) there shall be a period of 10 consecutive days after entry thereof during which (A) a stay of enforcement thereof is not be in effect or (B) the same is not vacated,
      discharged, stayed or bonded pending appeal;

   

  (k)          any Borrower (individually) is, or the Loan Parties (taken as a whole) are, enjoined, restrained or
    in any way prevented by the order of any court or any Governmental Authority from conducting, or otherwise ceases to conduct for any reason whatsoever, all or any material part of its or their business for more than 15 consecutive days, other than any
    order or action of a Governmental Authority as a result of the Covid-19 pandemic which affects similarly situated businesses in the Borrower’s industry or geography generally;

   

  (l)          any material damage to, or loss, theft or destruction of, any Collateral, whether or not insured, or
    any strike, lockout, labor dispute, embargo, condemnation, act of God or public enemy, or other casualty which causes, for more than 15 consecutive days, the cessation or substantial curtailment of revenue producing activities of any Borrower
    (individually) or the Loan Parties (taken as a whole);

   

  (m)         the loss, suspension or revocation of, or failure to renew, any license or permit now held or
    hereafter acquired by any Loan Party or any of its Subsidiaries, if such loss, suspension, revocation or failure to renew could reasonably be expected to have a Material Adverse Effect;

   

  (n)         the indictment of any Loan Party under any criminal statute, or commencement of criminal or civil
    proceedings against any Loan Party, pursuant to which statute or proceedings the penalties or remedies sought or available include forfeiture to any Governmental Authority of any material portion of the property of any Loan Party;

   

  (o)         (i) there shall occur one or more ERISA Events that individually or in the aggregate results in, or
    could reasonably be expected to result in, liability of any Loan Party or any of its ERISA Affiliates in excess of $2,500,000, or (ii) there exists any fact or circumstance that could reasonably be expected to result in the imposition of a Lien
    pursuant to Section 430(k) of the Internal Revenue Code or Section 4068 of ERISA upon the property or rights to property of any Loan Party or any of its ERISA Affiliates;

   

  (p)         (i) there shall occur and be continuing any “Event of Default” (or any comparable term) under, and as
    defined in the documents evidencing or governing any Subordinated Indebtedness, (ii) any of the Obligations for any reason shall cease to be “Senior Indebtedness” or “Designated Senior Indebtedness” (or any comparable terms) under, and as defined in
    the documents evidencing or governing any Subordinated Indebtedness, (iii) any Indebtedness other than the Obligations shall constitute “Designated Senior Indebtedness” (or any comparable term) under, and as defined in, the documents evidencing or
    governing any Subordinated Indebtedness, (iv) any holder of Subordinated Indebtedness shall fail to perform or comply with any of the subordination provisions of the documents evidencing or governing such Subordinated Indebtedness, or (v) the
    subordination provisions of the documents evidencing or governing any Subordinated Indebtedness shall, in whole or in part, terminate, cease to be effective or cease to be legally valid, binding and enforceable against any holder of the applicable
    Subordinated Indebtedness;

   

  
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  (q)         (i) any Loan Party or any of its Subsidiaries shall breach or default under any material term,
    condition, provision, covenant, representation or warranty contained in any Specified Material Contract and such breach or default shall continue unremedied for a period of cure provided within such Specified Material Contract without being cured, (ii)
    any party to any Specified Material Contract (other than any Loan Party or any of its Subsidiaries) shall breach or default under any material term, condition, provision, covenant, representation or warranty contained therein and such breach or default
    shall continue unremedied for a period of 20 days without being cured, or (iii) (A) any party to any Specified Material Contract shall have terminated such Specified Material Contract and the Loan Party or Subsidiary that is a party to such Specified
    Material Contract has not replaced such Specified Material Contract with a substitute contract having terms that are substantially similar to the terminated Specified Material Contract within 60 days of its termination; or (B) any Specified Material
    Contract shall have become invalid or illegal or otherwise ceased to be in full force and effect; or

   

  (r)          a Change of Control shall have occurred; 

   

  then, and in any such event, the Collateral Agent may, and shall at the request of the Required Lenders, by notice to the
      Administrative Borrower, (i) terminate or reduce all Commitments, whereupon all Commitments shall immediately be so terminated or reduced, (ii) declare all or any portion of the Loans then outstanding to be accelerated and due and payable, whereupon
      all or such portion of the aggregate principal of all Loans, all accrued and unpaid interest thereon, all fees and all other amounts payable under this Agreement and the other Loan Documents shall become due and payable immediately, together with the
      payment of the Applicable Premium with respect to the Commitments so terminated and the Loans so repaid, without presentment, demand, protest or further notice of any kind, all of which are hereby expressly waived by each Loan Party and (iii)
      exercise any and all of its other rights and remedies under applicable law, hereunder and under the other Loan Documents; provided, however, that upon the occurrence of any Event of Default described in subsection (f) or (g) of this Section 9.01 with
      respect to any Loan Party, without any notice to any Loan Party or any other Person or any act by any Agent or any Lender, all Commitments shall automatically terminate and all Loans then outstanding, together with all accrued and unpaid interest
      thereon, all fees and all other amounts due under this Agreement and the other Loan Documents, including, without limitation, the Applicable Premium, shall be accelerated and become due and payable automatically and immediately, without presentment,
      demand, protest or notice of any kind, all of which are expressly waived by each Loan Party.

   

  Section 9.02          Cure Right. In the event that the Borrowers fail to comply with the
    requirements of any financial covenant set forth in Section 7.03, until the expiration of the 10th day after the date on which financial statements are required to be delivered with respect to the applicable fiscal quarter hereunder, the Ultimate
    Parent shall have the right to issue Permitted Cure Equity for cash or otherwise receive cash contributions to the capital of the Ultimate Parent, and, in each case, to contribute any such cash to the capital of the Borrowers, and apply the amount of
    the proceeds thereof to increase Consolidated EBITDA of the Ultimate Parent and its Subsidiaries with respect to such applicable quarter (the “Cure Right”); provided that (a) such proceeds are actually received by the Borrowers no later than 10
    days after the date on which financial statements are required to be delivered with respect to such fiscal quarter hereunder, (b) such proceeds do not exceed the aggregate amount necessary to cure (by addition to Consolidated EBITDA) such Event
    of Default under Section 7.03 for such period, (c) the Cure Right shall not be exercised more than four times during the term of the Loans, (d) the Cure Right shall not be exercised in consecutive fiscal quarters, (e)­ [reserved], (f) there shall be no
    pro forma reduction in Indebtedness with the proceeds of the Cure Right for purposes of determining compliance with the financial covenants in Section 7.03 or for determining any pricing, financial covenant based conditions or baskets with respect to
    the covenants contained in this Agreement, in each case in the fiscal quarter in which the Cure Right is used or subsequent periods that include such fiscal quarter, and (g) such proceeds shall be applied to prepay the Loans in accordance with Section
    2.05(c)(v). If, after giving effect to the foregoing pro forma adjustment (but not, for the avoidance of doubt, giving pro forma adjustment to any repayment of Indebtedness in connection therewith), the Borrowers are in compliance with the financial
    covenants set forth in Section 7.03, the Borrowers shall be deemed to have satisfied the requirements of such Section as of the relevant date of determination with the same effect as though there had been no failure to comply on such date, and the
    applicable breach or default of such Section 7.03 that had occurred shall be deemed cured for purposes of this Agreement. The parties hereby acknowledge that this Section may not be relied on for purposes of calculating any financial ratios other than
    as applicable to Section­­ 7.03 and shall not result in any adjustment to any amounts other than the amount of the Consolidated EBITDA referred to in the immediately preceding sentence.

   

  
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  ARTICLE X

   

  AGENTS

   

  Section 10.01        Appointment. Each Lender (and each subsequent maker of any Loan by its
    making thereof) hereby irrevocably appoints, authorizes and empowers the Administrative Agent and the Collateral Agent to perform the duties of each such Agent as set forth in this Agreement and the other Loan Documents, together with such actions and
    powers as are reasonably incidental thereto, including: (i) to receive on behalf of each Lender any payment of principal of or interest on the Loans outstanding hereunder and all other amounts accrued hereunder for the account of the Lenders and paid
    to such Agent, and, subject to Section 2.02, to distribute promptly to each Lender its Pro Rata Share of all payments so received; (ii) to distribute to each Lender copies of all material notices and agreements received by such Agent and not required
    to be delivered to each Lender pursuant to the terms of this Agreement, provided that the Agents shall not have any liability to the Lenders for any Agent’s inadvertent failure to distribute any such notices or agreements to the Lenders; (iii) to
    maintain, in accordance with its customary business practices, ledgers and records reflecting the status of the Obligations, the Loans, and related matters and to maintain, in accordance with its customary business practices, ledgers and records
    reflecting the status of the Collateral and related matters; (iv) to execute or file any and all financing or similar statements or notices, amendments, renewals, supplements, documents, instruments, proofs of claim, notices and other written
    agreements with respect to this Agreement or any other Loan Document; (v) to make the Loans and Collateral Agent Advances, for such Agent or on behalf of the applicable Lenders as provided in this Agreement or any other Loan Document; (vi) to perform,
    exercise, and enforce any and all other rights and remedies of the Lenders with respect to the Loan Parties, the Obligations, or otherwise related to any of same to the extent reasonably incidental to the exercise by such Agent of the rights and
    remedies specifically authorized to be exercised by such Agent by the terms of this Agreement or any other Loan Document; (vii) to incur and pay such fees necessary or appropriate for the performance and fulfillment of its functions and powers pursuant
    to this Agreement or any other Loan Document; (viii) subject to Section 10.03, to take such action as such Agent deems appropriate on its behalf to administer the Loans and the Loan Documents and to exercise such other powers delegated to such Agent by
    the terms hereof or the other Loan Documents (including, without limitation, the power to give or to refuse to give notices, waivers, consents, approvals and instructions and the power to make or to refuse to make determinations and calculations); and
    (ix) to act with respect to all Collateral under the Loan Documents, including for purposes of acquiring, holding and enforcing any and all Liens on Collateral granted by any of the Loan Parties to secure any of the Obligations. As to any matters not
    expressly provided for by this Agreement and the other Loan Documents (including, without limitation, enforcement or collection of the Loans), the Agents shall not be required to exercise any discretion or take any action, but shall be required to act
    or to refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the instructions of the Required Lenders (or such other number or percentage of the Lenders as shall be expressly provided for herein or in the other
    Loan Documents), and such instructions of the Required Lenders (or such other number or percentage of the Lenders as shall be expressly provided for herein or in the other Loan Documents) shall be binding upon all Lenders and all makers of Loans;
    provided, however, the Agents shall not be required to take any action which, in the reasonable opinion of any Agent, exposes such Agent to liability or which is contrary to this Agreement or any other Loan Document or applicable law.

   

  
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  Section 10.02        Nature of Duties; Delegation.

   

  (a)          The Agents shall have no duties or responsibilities except those expressly set forth in this
    Agreement or in the other Loan Documents. The duties of the Agents shall be mechanical and administrative in nature. The Agents shall not have by reason of this Agreement or any other Loan Document a fiduciary relationship in respect of any Lender.
    Nothing in this Agreement or any other Loan Document, express or implied, is intended to or shall be construed to impose upon the Agents any obligations in respect of this Agreement or any other Loan Document except as expressly set forth herein or
    therein. Each Lender shall make its own independent investigation of the financial condition and affairs of the Loan Parties in connection with the making and the continuance of the Loans hereunder and shall make its own appraisal of the
    creditworthiness of the Loan Parties and the value of the Collateral without reliance upon the Administrative Agent or any other Lender or any of their Related Parties, and neither the Agents nor any of their Related Parties shall have any duty or
    responsibility, either initially or on a continuing basis, to provide any Lender with any credit or other information with respect thereto, whether coming into their possession before the initial Loan hereunder or at any time or times thereafter,
    provided that upon the reasonable request of a Lender, each Agent shall provide to such Lender any documents or reports delivered to such Agent by the Loan Parties pursuant to the terms of this Agreement or any other Loan Document. If any Agent seeks
    the consent or approval of the Required Lenders (or such other number or percentage of the Lenders as shall be expressly provided for herein or in the other Loan Documents) to the taking or refraining from taking any action hereunder, such Agent shall
    send notice thereof to each Lender. Each Agent shall promptly notify each Lender any time that the Required Lenders (or such other number or percentage of the Lenders as shall be expressly provided for herein or in the other Loan Documents) have
    instructed such Agent to act or refrain from acting pursuant hereto.

   

  (b)          Each Agent may, upon any term or condition it specifies, delegate or exercise any of its rights,
    powers and remedies under, and delegate or perform any of its duties or any other action with respect to, any Loan Document by or through any of its Related Parties or any other trustee, co-agent or other Person (including any Lender). Any such Related
    Party, trustee, co-agent or other Person shall benefit from this Article X to the extent provided by the applicable Agent.

   

  Section 10.03       Rights, Exculpation, Etc. The Agents
      and their Related Parties shall not be liable for any action taken or omitted to be taken by them under or in connection with this Agreement or the other Loan Documents, except for their own gross negligence or willful misconduct as determined by a
      final non-appealable judgment of a court of competent jurisdiction. Without limiting the generality of the foregoing, the Agents (i) may treat the payee of any Loan as the owner thereof until the Collateral Agent receives written notice of the
      assignment or transfer thereof, pursuant to Section 12.07, signed by such payee and in form satisfactory to the Collateral Agent; (ii) may consult with legal counsel (including, without limitation, counsel to any Agent or counsel to the Loan
      Parties), independent public accountants, and other experts selected by any of them and shall not be liable for any action taken or omitted to be taken in good faith by any of them in accordance with the advice of such counsel or experts; (iii) make
      no warranty or representation to any Lender and shall not be responsible to any Lender for any statements, certificates, warranties or representations made in or in connection with this Agreement or the other Loan Documents; (iv) shall not have any
      duty to ascertain or to inquire as to the performance or observance of any of the terms, covenants or conditions of this Agreement or the other Loan Documents on the part of any Person, the existence or possible existence of any Default or Event of
      Default, or to inspect the Collateral or other property (including, without limitation, the books and records) of any Person; (v) shall not be responsible to any Lender for the due execution, legality, validity, enforceability, genuineness,
      sufficiency or value of this Agreement or the other Loan Documents or any other instrument or document furnished pursuant hereto or thereto; and (vi) shall not be deemed to have made any representation or warranty regarding the existence, value or
      collectibility of the Collateral, the existence, priority or perfection of the Collateral Agent’s Lien thereon, or any certificate prepared by any Loan Party in connection therewith, nor shall the Agents be responsible or liable to the Lenders for
      any failure to monitor or maintain any portion of the Collateral. The Agents shall not be liable for any apportionment or distribution of payments made in good faith pursuant to Section 4.03, and if any such apportionment or distribution is
      subsequently determined to have been made in error, and the sole recourse of any Lender to whom payment was due but not made shall be to recover from other Lenders any payment in excess of the amount which they are determined to be entitled. The
      Agents may at any time request instructions from the Lenders with respect to any actions or approvals which by the terms of this Agreement or of any of the other Loan Documents the Agents are permitted or required to take or to grant, and if such
      instructions are promptly requested, the Agents shall be absolutely entitled to refrain from taking any action or to withhold any approval under any of the Loan Documents until they shall have received such instructions from the Required Lenders.
      Without limiting the foregoing, no Lender shall have any right of action whatsoever against any Agent as a result of such Agent acting or refraining from acting under this Agreement or any of the other Loan Documents in accordance with the
      instructions of the Required Lenders (or such other number or percentage of the Lenders as shall be expressly provided for herein or in the other Loan Documents).

   

  
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  Section 10.04        Reliance. Each Agent shall be entitled to rely upon any written
    notices, statements, certificates, orders or other documents or any telephone message believed by it in good faith to be genuine and correct and to have been signed, sent or made by the proper Person, and with respect to all matters pertaining to this
    Agreement or any of the other Loan Documents and its duties hereunder or thereunder, upon advice of counsel selected by it.

   

  Section 10.05        Indemnification. To the extent that any Agent or any Related Party of
    the foregoing is not reimbursed and indemnified by any Loan Party, and whether or not such Agent has made demand on any Loan Party for the same, the Lenders will, within five days of written demand by such Agent, reimburse such Agent and such Related
    Parties for and indemnify such Agent and such Related Parties from and against any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses (including, without limitation, client charges and expenses of
    counsel or any other advisor to such Agent and such Related Parties), advances or disbursements of any kind or nature whatsoever which may be imposed on, incurred by, or asserted against such Agent and the Related Parties in any way relating to or
    arising out of this Agreement or any of the other Loan Documents or any action taken or omitted by such Agent and such Related Parties under this Agreement or any of the other Loan Documents, in proportion to each Lender’s Pro Rata Share, including,
    without limitation, advances and disbursements made pursuant to Section 10.08; provided, however, that no Lender shall be liable for any portion of such liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses,
    advances or disbursements for which there has been a final non-appealable judicial determination that such liability resulted from such Agent’s or such Related Party’s gross negligence or willful misconduct. The obligations of the Lenders under this
    Section 10.05 shall survive the payment in full of the Loans and the termination of this Agreement.

   

  Section 10.06        Agents Individually. With respect to its Pro Rata Share of the Total
    Commitment hereunder and the Loans made by it, each Agent shall have and may exercise the same rights and powers hereunder and is subject to the same obligations and liabilities as and to the extent set forth herein for any other Lender or maker of a
    Loan. The terms “Lenders” or “Required Lenders” or any similar terms shall, unless the context clearly otherwise indicates, include each Agent in its individual capacity as a Lender or one of the Required Lenders. Each Agent and its Affiliates may
    accept deposits from, lend money to, and generally engage in any kind of banking, trust or other business with any Borrower as if it were not acting as an Agent pursuant hereto without any duty to account to the other Lenders.

   

  
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  Section 10.07        Successor Agent.

   

  (a)          Any Agent may at any time give at least 30 days prior written notice of its resignation to the
    Lenders and the Administrative Borrower. Upon receipt of any such notice of resignation, the Required Lenders shall have the right, with the written consent of Administrative Borrower, to appoint a successor Agent; provided, however,
    that the written consent of the Administrative Borrower (i) shall not be unreasonably withheld, conditioned or delayed, (ii) shall not be required upon the occurrence and during the continuance of an Event of Default and (iii) shall be deemed given if
    not denied in writing by the Administrative Borrower within 5 Business Days of the date of the written request therefor. If no such successor Agent shall have been so appointed by the Required Lenders and shall have accepted such appointment within 30
    days after the retiring Agent gives notice of its resignation (or such earlier day as shall be agreed by the Required Lenders) (the “Resignation Effective Date”), then the retiring Agent may (but shall not be obligated to), on behalf of the
    Lenders, appoint a successor Agent. Whether or not a successor Agent has been appointed, such resignation shall become effective in accordance with such notice on the Resignation Effective Date.

   

  (b)          With effect from the Resignation Effective Date, (i) the retiring Agent shall be discharged from
    its duties and obligations hereunder and under the other Loan Documents and (ii) all payments, communications and determinations provided to be made by, to or through such retiring Agent shall instead be made by or to each Lender directly, until such
    time, if any, as a successor Agent shall have been appointed as provided for above. Upon the acceptance of a successor’s Agent’s appointment as Agent hereunder, such successor shall succeed to and become vested with all of the rights, powers,
    privileges and duties of the retiring Agent, and the retiring Agent shall be discharged from all of its duties and obligations hereunder or under the other Loan Documents. After the retiring Agent’s resignation hereunder and under the other Loan
    Documents, the provisions of this Article, Sections 12.04 and 12.15 shall continue in effect for the benefit of such retiring Agent, its sub-agents and their respective Related Parties in respect of any actions taken or omitted to be taken by it while
    the retiring Agent was acting as Agent.

   

  Section 10.08        Collateral Matters.

   

  (a)          The Collateral Agent may from time to time make such disbursements and advances (“Collateral
      Agent Advances”) which the Collateral Agent, in its sole discretion, deems necessary or desirable to preserve, protect, prepare for sale or lease or dispose of the Collateral or any portion thereof, to enhance the likelihood or maximize the
    amount of repayment by the Borrowers of the Loans and other Obligations or to pay any other amount chargeable to the Borrowers pursuant to the terms of this Agreement, including, without limitation, costs, fees and expenses as described in Section
    12.04. The Collateral Agent Advances shall be repayable on demand and be secured by the Collateral and shall bear interest at a rate per annum equal to the rate then applicable to Revolving Loans that are Reference Rate Loans. The Collateral Agent
    Advances shall constitute Obligations hereunder which may be charged to the Loan Account in accordance with Section 4.01. The Collateral Agent shall notify each Lender and the Administrative Borrower in writing of each such Collateral Agent Advance,
    which notice shall include a description of the purpose of such Collateral Agent Advance. Without limitation to its obligations pursuant to Section 10.05, each Lender agrees that it shall make available to the Collateral Agent, upon the Collateral
    Agent’s demand, in Dollars in immediately available funds, the amount equal to such Lender’s Pro Rata Share of each such Collateral Agent Advance. If such funds are not made available to the Collateral Agent by such Lender, the Collateral Agent shall
    be entitled to recover such funds on demand from such Lender, together with interest thereon for each day from the date such payment was due until the date such amount is paid to the Collateral Agent, at the Federal Funds Rate for three Business Days
    and thereafter at the Reference Rate.

   

  
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  (b)          The Lenders hereby irrevocably authorize the Collateral Agent, at its option and in its
    discretion, to release any Lien granted to or held by the Collateral Agent upon any Collateral upon termination of the Total Commitment and payment and satisfaction of all Loans and all other Obligations (other than Contingent Indemnity Obligations) in
    accordance with the terms hereof; or constituting property being sold or disposed of in the ordinary course of any Loan Party’s business or otherwise in compliance with the terms of this Agreement and the other Loan Documents; or constituting property
    in which the Loan Parties owned no interest at the time the Lien was granted or at any time thereafter; or if approved, authorized or ratified in writing by the Lenders in accordance with Section 12.02. Upon request by the Collateral Agent at any time,
    the Lenders will confirm in writing the Collateral Agent’s authority to release particular types or items of Collateral pursuant to this Section 10.08(b).

   

  (c)          Without in any manner limiting the Collateral Agent’s authority to act without any specific or
    further authorization or consent by the Lenders (as set forth in Section 10.08(b)), each Lender agrees to confirm in writing, upon request by the Collateral Agent, the authority to release Collateral conferred upon the Collateral Agent under Section
    10.08(b). Upon receipt by the Collateral Agent of confirmation from the Lenders of its authority to release any particular item or types of Collateral, and upon prior written request by any Loan Party, the Collateral Agent shall (and is hereby
    irrevocably authorized by the Lenders to) execute such documents as may be necessary to evidence the release of the Liens granted to the Collateral Agent for the benefit of the Agents and the Lenders upon such Collateral; provided, however, that (i)
    the Collateral Agent shall not be required to execute any such document on terms which, in the Collateral Agent’s opinion, would expose the Collateral Agent to liability or create any obligations or entail any consequence other than the release of such
    Liens without recourse or warranty, and (ii) such release shall not in any manner discharge, affect or impair the Obligations or any Lien upon (or obligations of any Loan Party in respect of) all interests in the Collateral retained by any Loan Party.

   

  (d)          Anything contained in any of the Loan Documents to the contrary notwithstanding, the Loan Parties,
    each Agent and each Lender hereby agree that no Lender shall have any right individually to realize upon any of the Collateral under any Loan Document or to enforce any Guaranty, it being understood and agreed that all powers, rights and remedies under
    the Loan Documents may be exercised solely by the Collateral Agent for the benefit of the Lenders in accordance with the terms thereof.

   

  
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  (e)          The Agents and the Lenders hereby irrevocably authorize the Collateral Agent, as agent for and
    representative of the Agents and the Lenders (but not any other Agent or any Lender or Lenders in its or their respective individual capacities unless the Required Lenders shall otherwise agree in writing), 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 (i) at any sale thereof conducted under the provisions of the Bankruptcy Code, including under Section 363, 1123 or 1129 of the Bankruptcy Code, or any similar laws in any other jurisdictions to which a
    Loan Party is subject, or (ii) 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 Collateral 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 Agents and the Lenders shall be entitled to be, and shall be, credit bid by the Collateral Agent (but not any other Agent or any Lender or Lenders in its
    or their respective individual capacities unless the Required Lenders shall otherwise agree in writing) 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 (A) the Collateral Agent shall be authorized to form one or more acquisition vehicles and to assign
    any successful credit bid to such acquisition vehicle or vehicles, (B) each of the Agents’ and the Lenders’ 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, (C) the Collateral Agent shall be authorized to adopt documents providing for the governance of the acquisition vehicle or vehicles (provided that any actions by the Collateral 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 12.02), (D) the Collateral Agent, on behalf of such acquisition vehicle or vehicles, shall be authorized to issue to each of the Agents and the Lenders, ratably on account of the
    relevant Obligations which were credit bid, interests, whether as equity, partnership interests, limited partnership interests or membership interests, in any such acquisition vehicle and/or debt instruments issued by such acquisition vehicle, all
    without the need for any Agent, any Lender or any acquisition vehicle to take any further action, and (E) 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
    Agents and the Lenders pro rata with their original interest in such Obligations and the equity interests and/or debt instruments issued by any acquisition vehicle on account of such Obligations shall automatically be cancelled, without the need for
    any Agent, any Lender or any acquisition vehicle to take any further action. Notwithstanding that the ratable portion of the Obligations of each Agent and each Lender are deemed assigned to the acquisition vehicle or vehicles as set forth in clause (B)
    above, each Agent and each Lender shall execute such documents and provide such information regarding such Person (and/or any designee of such Person that will receive interests in or debt instruments issued by such acquisition vehicle) as the
    Collateral 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.

   

  (f)          The Collateral Agent shall have no obligation whatsoever to any Lender to assure that the Collateral
    exists or is owned by the Loan Parties or is cared for, protected or insured or has been encumbered or that the Lien granted to the Collateral Agent pursuant to this Agreement or any other Loan Document has been properly or sufficiently or lawfully
    created, perfected, protected or enforced or is entitled to any particular priority, or to exercise at all or in any particular manner or under any duty of care, disclosure or fidelity, or to continue exercising, any of the rights, authorities and
    powers granted or available to the Collateral Agent in this Section 10.08 or in any other Loan Document, it being understood and agreed that in respect of the Collateral, or any act, omission or event related thereto, the Collateral Agent may act in
    any manner it may deem appropriate, in its sole discretion, given the Collateral Agent’s own interest in the Collateral as one of the Lenders and that the Collateral Agent shall have no duty or liability whatsoever to any other Lender, except as
    otherwise provided herein.

   

  Section 10.09        Agency for Perfection. Each Agent and each Lender hereby appoints
    each other Agent and each other Lender as agent and bailee for the purpose of perfecting the security interests in and liens upon the Collateral in assets which, in accordance with Article 9 of the Uniform Commercial Code, can be perfected only by
    possession or control (or where the security interest of a secured party with possession or control has priority over the security interest of another secured party) and each Agent and each Lender hereby acknowledges that it holds possession of or
    otherwise controls any such Collateral for the benefit of the Agents and the Lenders as secured party. Should the Administrative Agent or any Lender obtain possession or control of any such Collateral, the Administrative Agent or such Lender shall
    notify the Collateral Agent thereof, and, promptly upon the Collateral Agent’s request therefor shall deliver such Collateral to the Collateral Agent or in accordance with the Collateral Agent’s instructions. In addition, the Collateral Agent shall
    also have the power and authority hereunder to appoint such other sub-agents as may be necessary or required under applicable state law or otherwise to perform its duties and enforce its rights with respect to the Collateral and under the Loan
    Documents. Each Loan Party by its execution and delivery of this Agreement hereby consents to the foregoing.

   

  
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  Section 10.10        No Reliance on any Agent’s Customer Identification Program. Each Lender
    acknowledges and agrees that neither such Lender, nor any of its Affiliates, participants or assignees, may rely on any Agent to carry out such Lender’s, Affiliate’s, participant’s or assignee’s customer identification program, or other requirements
    imposed by the USA PATRIOT Act or the regulations issued thereunder, including the regulations set forth in 31 C.F.R. §§ 1010.100(yy), (iii), 1020.100, and 1020.220 (formerly, 31 C.F.R. § 103.121), as hereafter amended or replaced (“ CIP
      Regulations”), or any other Anti-Money Laundering Laws, including any programs involving any of the following items relating to or in connection with any of the Loan Parties, their Affiliates or their agents, the Loan Documents or the
    transactions hereunder or contemplated hereby: (1) any identity verification procedures, (2) any recordkeeping, (3) comparisons with government lists, (4) customer notices or (5) other procedures required under the CIP Regulations or other regulations
    issued under the USA PATRIOT Act. Each Lender, Affiliate, participant or assignee subject to Section 326 of the USA PATRIOT Act will perform the measures necessary to satisfy its own responsibilities under the CIP Regulations.

   

  Section 10.11       No Third-Party Beneficiaries. The provisions of this Article are solely
    for the benefit of the Secured Parties, and no Loan Party shall have rights as a third-party beneficiary of any of such provisions.

   

  Section 10.12        No Fiduciary Relationship. It is understood and agreed that the use of
    the term “agent” herein or in any other Loan Document (or any other similar term) with reference to any Agent is not intended to connote any fiduciary or other implied (or express) obligations arising under agency doctrine of any applicable law.
    Instead, such term is used as a matter of market custom, and is intended to create or reflect only an administrative relationship between contracting parties.

   

  Section 10.13        Reports; Confidentiality; Disclaimers. By becoming a party to this
    Agreement, each Lender:

   

  (a)          is deemed to have requested that each Agent furnish such Lender, promptly after it becomes
    available, a copy of each field audit or examination report with respect to the Ultimate Parent or any of its Subsidiaries (each, a “Report”) prepared by or at the request of such Agent, and each Agent shall so furnish each Lender with each such
    Report;

   

  (b)          expressly agrees and acknowledges that the Agents (i) do not make any representation or warranty as
    to the accuracy of any Reports, and (ii) shall not be liable for any information contained in any Reports;

   

  (c)           expressly agrees and acknowledges that the Reports are not comprehensive audits or examinations,
    that any Agent or other party performing any audit or examination will inspect only specific information regarding the Ultimate Parent and its Subsidiaries and will rely significantly upon the Ultimate Parent’s and its Subsidiaries’ books and records,
    as well as on representations of their personnel;

   

  (d)          agrees to keep all Reports and other material, non-public information regarding the Ultimate Parent
    and its Subsidiaries and their operations, assets, and existing and contemplated business plans in a confidential manner in accordance with Section 12.19; and

   

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

   

  Section 10.14      Collateral Custodian. Upon the occurrence and during the continuance of
    any Default or Event of Default, the Collateral Agent or its designee may at any time and from time to time employ and maintain on the premises of any Loan Party a custodian selected by the Collateral Agent or its designee who shall have full authority
    to do all acts necessary to protect the Agents’ and the Lenders’ interests. Each Loan Party hereby agrees to, and to cause its Subsidiaries to, cooperate with any such custodian and to do whatever the Collateral Agent or its designee may reasonably
    request to preserve the Collateral. All costs and expenses incurred by the Collateral Agent or its designee by reason of the employment of the custodian shall be the responsibility of the Borrowers and charged to the Loan Account.

   

  Section 10.15        [Reserved].

   

  Section 10.16        [Reserved].

   

  Section 10.17        Collateral Agent May File Proofs of Claim. In case of the pendency of
    any proceeding under any Debtor Relief Law or any other judicial proceeding relative to any Loan Party, the Collateral Agent (irrespective of whether the principal of any Loan shall then be due and payable as herein expressed or by declaration or
    otherwise and irrespective of whether any Agent shall have made any demand on the Borrowers) shall be entitled and empowered (but not obligated) by intervention in such proceeding or otherwise:

   

  (a)          to file and prove a claim for the whole amount of the principal and interest owing and unpaid in
    respect of the Loans and all other Obligations that are owing and unpaid and to file such other documents as may be necessary or advisable in order to have the claims of the Secured Parties (including any claim for the compensation, expenses,
    disbursements and advances of the Secured Parties and their respective agents and counsel and all other amounts due the Secured Parties hereunder and under the other Loan Documents) allowed in such judicial proceeding; and

   

  (b)          to collect and receive any monies or other property payable or deliverable on any such claims and to
    distribute the same; 

   

  and any custodian, receiver, assignee, trustee, liquidator, sequestrator or other
      similar official in any such judicial proceeding is hereby authorized by each Secured Party to make such payments to the Collateral Agent and, in the event that the Collateral Agent shall consent to the making of such payments directly to the Secured
      Parties, to pay to the Collateral Agent any amount due for the reasonable compensation, expenses, disbursements and advances of the Collateral Agent and its agents and counsel, and any other amounts due the Collateral Agent hereunder and under the
      other Loan Documents.

   

  
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   Section 10.18        Erroneous Distribution. If all or any part of any payment or other
    distribution by or on behalf of the Administrative Agent to any Borrower, Lender or other Person is determined by the Administrative Agent in its sole discretion to have been made in error as determined by the Administrative Agent (any such payment or
    other distribution, an “Erroneous Distribution”), then the relevant Borrower, Lender or other Person shall forthwith on written demand (accompanied by a reasonably detailed calculation of such Erroneous Distribution) repay to the Administrative
    Agent the amount of such Erroneous Distribution received by such Person. Any determination by the Administrative Agent, in its sole discretion, that all or a portion of any payment or other distribution to a Borrower, Lender or other Person was an
    Erroneous Distribution shall be conclusive absent manifest error. Each Borrower, Lender and other potential recipient of an Erroneous Distribution hereunder waives any claim of discharge for value and any other claim of entitlement to, or in respect
    of, any Erroneous Distribution.

   

  ARTICLE XI

   

  GUARANTY

   

  Section 11.01        Guaranty. Each Guarantor hereby jointly and severally and
    unconditionally and irrevocably guarantees the punctual payment when due, whether at stated maturity, by acceleration or otherwise, of all Obligations of the Borrowers now or hereafter existing under any Loan Document, whether for principal, interest
    (including, without limitation, all interest that accrues after the commencement of any Insolvency Proceeding of any Borrower, whether or not a claim for post-filing interest is allowed in such Insolvency Proceeding) fees, commissions, expense
    reimbursements, indemnifications or otherwise (such obligations, to the extent not paid by the Borrowers, being the “Guaranteed Obligations”), and agrees to pay any and all expenses (including reasonable counsel fees and expenses) incurred by
    the Secured Parties in enforcing any rights under the guaranty set forth in this Article XI. Without limiting the generality of the foregoing, each Guarantor’s liability shall extend to all amounts that constitute part of the Guaranteed Obligations and
    would be owed by the Borrowers to the Secured Parties under any Loan Document but for the fact that they are unenforceable or not allowable due to the existence of an Insolvency Proceeding involving any Borrower. Notwithstanding any of the foregoing,
    Guaranteed Obligations shall not include any Excluded Swap Obligations. In no event shall the obligation of any Guarantor hereunder exceed the maximum amount such Guarantor could guarantee under any Debtor Relief Law.

   

  Section 11.02       Guaranty Absolute. Each Guarantor jointly and severally guarantees that
    the Guaranteed Obligations will be paid strictly in accordance with the terms of the Loan Documents, regardless of any law, regulation or order now or hereafter in effect in any jurisdiction affecting any of such terms or the rights of the Secured
    Parties with respect thereto. Each Guarantor agrees that this Article XI constitutes a guaranty of payment when due and not of collection and waives any right to require that any resort be made by any Agent or any Lender to any Collateral. The
    obligations of each Guarantor under this Article XI are independent of the Guaranteed Obligations, and a separate action or actions may be brought and prosecuted against each Guarantor to enforce such obligations, irrespective of whether any action is
    brought against any Loan Party or whether any Loan Party is joined in any such action or actions. The liability of each Guarantor under this Article XI shall be irrevocable, absolute and unconditional irrespective of, and each Guarantor hereby
    irrevocably waives any defenses it may now or hereafter have in any way relating to, any or all of the following:

   

  (a)          any lack of validity or enforceability of any Loan Document or any agreement or instrument relating
    thereto;

   

  (b)         any change in the time, manner or place of payment of, or in any other term of, all or any of the
    Guaranteed Obligations, or any other amendment or waiver of or any consent to departure from any Loan Document, including, without limitation, any increase in the Guaranteed Obligations resulting from the extension of additional credit to any Loan
    Party or otherwise;

   

  
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  (c)          any taking, exchange, release or non-perfection of any Collateral, or any taking, release or
    amendment or waiver of or consent to departure from any other guaranty, for all or any of the Guaranteed Obligations;

   

  (d)          the existence of any claim, set-off, defense or other right that any Guarantor may have at any time
    against any Person, including, without limitation, any Secured Party;

   

  (e)          any change, restructuring or termination of the corporate, limited liability company or partnership
    structure or existence of any Loan Party; or

   

  (f)          any other circumstance (including, without limitation, any statute of limitations) or any existence
    of or reliance on any representation by the Secured Parties that might otherwise constitute a defense available to, or a discharge of, any Loan Party or any other guarantor or surety.

   

  This Article XI shall continue to be effective or be reinstated, as the case may be, if at any time any payment of any of the Guaranteed Obligations is rescinded or must
    otherwise be returned by Secured Parties or any other Person upon the insolvency, bankruptcy or reorganization of any Borrower or otherwise, all as though such payment had not been made.

   

  Section 11.03       Waiver. Each Guarantor hereby waives (i) promptness and diligence, (ii)
    notice of acceptance and any other notice with respect to any of the Guaranteed Obligations and this Article XI and any requirement that the Secured Parties exhaust any right or take any action against any Loan Party or any other Person or any
    Collateral, (iii) any right to compel or direct any Secured Party to seek payment or recovery of any amounts owed under this Article XI from any one particular fund or source or to exhaust any right or take any action against any other Loan Party, any
    other Person or any Collateral, (iv) any requirement that any Secured Party protect, secure, perfect or insure any security interest or Lien on any property subject thereto or exhaust any right to take any action against any Loan Party, any other
    Person or any Collateral, and (v) any other defense available to any Guarantor. Each Guarantor agrees that the Secured Parties shall have no obligation to marshal any assets in favor of any Guarantor or against, or in payment of, any or all of the
    Obligations. Each Guarantor acknowledges that it will receive direct and indirect benefits from the financing arrangements contemplated herein and that the waiver set forth in this Section 11.03 is knowingly made in contemplation of such benefits. Each
    Guarantor hereby waives any right to revoke this Article XI, and acknowledges that this Article XI is continuing in nature and applies to all Guaranteed Obligations, whether existing now or in the future.

   

  Section 11.04       Continuing Guaranty; Assignments. This Article XI is a continuing
    guaranty and shall (a) remain in full force and effect until the later of the cash payment in full of the Guaranteed Obligations (other than Contingent Indemnity Obligations) and all other amounts payable under this Article XI and the Final Maturity
    Date, (b) be binding upon each Guarantor, its successors and assigns and (c) inure to the benefit of and be enforceable by the Secured Parties and their successors, pledgees, transferees and assigns. Without limiting the generality of the foregoing
    clause (c), any Lender may pledge, assign or otherwise transfer all or any portion of its rights and obligations under this Agreement (including, without limitation, all or any portion of its Commitments, its Loans owing to it) to any other Person, and
    such other Person shall thereupon become vested with all the benefits in respect thereof granted such Lender herein or otherwise, in each case as provided in Section 12.07.

   

  
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  Section 11.05        Subrogation. No Guarantor will exercise any rights that it may now or
    hereafter acquire against any Loan Party or any other guarantor that arise from the existence, payment, performance or enforcement of such Guarantor’s obligations under this Article XI, including, without limitation, any right of subrogation,
    reimbursement, exoneration, contribution or indemnification and any right to participate in any claim or remedy of the Secured Parties against any Loan Party or any other guarantor or any Collateral, whether or not such claim, remedy or right arises in
    equity or under contract, statute or common law, including, without limitation, the right to take or receive from any Loan Party or any other guarantor, directly or indirectly, in cash or other property or by set-off or in any other manner, payment or
    security solely on account of such claim, remedy or right, unless and until all of the Guaranteed Obligations (other than Contingent Indemnity Obligations) and all other amounts payable under this Article XI shall have been paid in full in cash and the
    Final Maturity Date shall have occurred. If any amount shall be paid to any Guarantor in violation of the immediately preceding sentence at any time prior to the later of the payment in full in cash of the Guaranteed Obligations (other than Contingent
    Indemnity Obligations) and all other amounts payable under this Article XI and the Final Maturity Date, such amount shall be held in trust for the benefit of the Secured Parties and shall forthwith be paid to the Secured Parties to be credited and
    applied to the Guaranteed Obligations and all other amounts payable under this Article XI, whether matured or unmatured, in accordance with the terms of this Agreement, or to be held as Collateral for any Guaranteed Obligations or other amounts payable
    under this Article XI thereafter arising. If (i) any Guarantor shall make payment to the Secured Parties of all or any part of the Guaranteed Obligations, (ii) all of the Guaranteed Obligations and all other amounts payable under this Article XI shall
    be paid in full in cash and (iii) the Final Maturity Date shall have occurred, the Secured Parties will, at such Guarantor’s request and expense, execute and deliver to such Guarantor appropriate documents, without recourse and without representation
    or warranty, necessary to evidence the transfer by subrogation to such Guarantor of an interest in the Guaranteed Obligations resulting from such payment by such Guarantor.

   

  Section 11.06        Contribution. All Guarantors desire to allocate among themselves, in a
    fair and equitable manner, their obligations arising under this Guaranty. Accordingly, in the event any payment or distribution is made on any date by a Guarantor under this Guaranty such that its Aggregate Payments exceeds its Fair Share as of such
    date, such Guarantor shall be entitled to a contribution from each of the other Guarantors in an amount sufficient to cause each Guarantor’s Aggregate Payments to equal its Fair Share as of such date. “Fair Share” means, with respect to any
    Guarantor as of any date of determination, an amount equal to (a) the ratio of (i) the Fair Share Contribution Amount with respect to such Guarantor to (ii) the aggregate of the Fair Share Contribution Amounts with respect to all Guarantors multiplied
    by (b) the aggregate amount paid or distributed on or before such date by all Guarantors under this Guaranty in respect of the obligations Guaranteed. “Fair Share Contribution Amount” means, with respect to any Guarantor as of any date of
    determination, the maximum aggregate amount of the obligations of such Guarantor under this Guaranty that would not render its obligations hereunder subject to avoidance as a fraudulent transfer or conveyance under Section 548 of Title 11 of the United
    States Code or any comparable applicable provisions of state law; provided solely for purposes of calculating the “Fair Share Contribution Amount” with respect to any Guarantor for purposes of this Section 11.06, any assets or liabilities of such
    Guarantor arising by virtue of any rights to subrogation, reimbursement or indemnification or any rights to or obligations of contribution hereunder shall not be considered as assets or liabilities of such Guarantor. “Aggregate Payments” means,
    with respect to any Guarantor as of any date of determination, an amount equal to (A) the aggregate amount of all payments and distributions made on or before such date by such Guarantor in respect of this Guaranty (including, without limitation, in
    respect of this Section 11.06), minus (B) the aggregate amount of all payments received on or before such date by such Guarantor from the other Guarantors as contributions under this Section 11.06. The amounts payable as contributions hereunder shall
    be determined as of the date on which the related payment or distribution is made by the applicable Guarantor. The allocation among Guarantors of their obligations as set forth in this Section 11.06 shall not be construed in any way to limit the
    liability of any Guarantor hereunder. Each Guarantor is a third-party beneficiary to the contribution agreement set forth in this Section 11.06.

   

  
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  ARTICLE XII

   

  MISCELLANEOUS

   

  Section 12.01        Notices, Etc.

   

  (a)         Notices Generally.
      All notices and other communications provided for hereunder shall be in writing and shall be delivered by hand, sent by registered or certified mail (postage prepaid, return receipt requested), overnight courier, or telecopier. In the case of notices
      or other communications to any Loan Party, Administrative Agent or the Collateral Agent, as the case may be, they shall be sent to the respective address set forth below (or, as to each party, at such other address as shall be designated by such
      party in a written notice to the other parties complying as to delivery with the terms of this Section 12.01):

   

       If to any Loan Party, to it at the following address:

   

     Obagi Cosmeceuticals LLC 

     3760 Kilroy Airport Way, Suite 500 

     Long Beach, Los Angeles County, CA 90806

  		Attention:	Jaime B. Castle; Sue L. Collins

  		Telephone:	562.276.9034; 562.276.9466

  		E-mail:	jaimec@obagi.com; suec@obagi.com

   

       with a copy to:

   

     Morgan Lewis & Bockius LLP

     1701 Market Street

     Philadelphia, PA 19103

  		Attention:	Michael Pedrick

  		Telephone:	215.963.4808

  

  		E-mail:	michael.pedrick@morganlewis.com

   

       If to any Agent, to it at the following address:

   

     TCW Asset Management Company LLC 

     1251 Avenue of the Americas, Suite 4700 

     New York, New York 10020 

  		Attention:	Ryan Carroll

  

  		Telephone:	212.771.4271

  

  		E-mail:	Ryan.Carroll@tcw.com;

  

    tcw@alterdomus.com

   

       with a copy to:

   

     Proskauer Rose LLP

     11 Times Square 

     New York, New York 10036

  		Attention:	Michael M. Mezzacappa

  		Telephone:	212.969.3000

  		Telecopier:	212.969.2900

  

  		E-mail:	mmezzacappa@proskauer.com

   

  
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  All notices or other communications sent in accordance
      with this Section 12.01, shall be deemed received on the earlier of the date of actual receipt or three Business Days after the deposit thereof in the mail; provided that (i) notices sent by overnight courier service shall be deemed to have been
      given when received and (ii) notices by facsimile or email shall be deemed to have been given when sent (except that, if not given during normal business hours for the recipient, shall be deemed to have been given at the opening of business on the
      next Business Day for the recipient), provided, further, that notices to any Agent pursuant to Article II shall not be effective until received by such Agent.

   

  (b)         Electronic Communications.

   

  (i)         Each Agent and the
      Administrative Borrower may, in its discretion, agree to accept notices and other communications to it hereunder by electronic communications pursuant to procedures approved by it; provided that approval of such procedures may be limited to
      particular notices or communications. Notices and other communications to the Lenders hereunder may be delivered or furnished by electronic communication (including e-mail and Internet or intranet websites) pursuant to procedures approved by the
      Agents, provided that the foregoing shall not apply to notices to any Lender pursuant to Article II if such Lender has notified the Agents that it is incapable of receiving notices under such Article by electronic communication.

   

  (ii)        Unless the
      Administrative Agent otherwise prescribes, (A) notices and other communications sent to an e-mail address shall be deemed received upon the sender’s receipt of an acknowledgement from the intended recipient (such as by the “return receipt requested”
      function, as available, return e-mail or other written acknowledgement), and (B) notices or communications posted to an Internet or intranet website shall be deemed received upon the deemed receipt by the intended recipient, at its e-mail address as
      described in the foregoing clause (A), of notification that such notice or communication is available and identifying the website address therefor; provided that for both clauses (A) and (B) above, if such notice, email or other communication is not
      sent during the normal business hours of the recipient, such notice or communication shall be deemed to have been sent at the opening of business on the next business day for the recipient.

   

  Section 12.02        Amendments, Etc.

   

  (a)         No amendment or waiver
      of any provision of this Agreement or any other Loan Document (excluding the Fee Letter), and no consent to any departure by any Loan Party therefrom, shall in any event be effective unless the same shall be in writing and signed (x) in the case of
      an amendment, consent or waiver to cure any ambiguity, omission, defect or inconsistency or granting a new Lien for the benefit of the Agents and the Lenders or extending an existing Lien over additional property, by the Agents and the Borrowers (or
      by the Administrative Borrower on behalf of the Borrowers), (y) in the case of any other waiver or consent, by the Required Lenders (or by the Collateral Agent with the consent of the Required Lenders) and (z) in the case of any other amendment, by
      the Required Lenders (or by the Collateral Agent with the consent of the Required Lenders) and the Borrowers (or by the Administrative Borrower on behalf of the Borrowers), with a copy provided to the Administrative Agent, and then such waiver or
      consent shall be effective only in the specific instance and for the specific purpose for which given; provided, however, that no amendment, waiver or consent shall:

   

  (i)          increase the Commitment
      of any Lender, reduce the principal of, or interest on, the Loans payable to any Lender, reduce the amount of any fee payable for the account of any Lender, or postpone or extend any scheduled date fixed for any payment of principal of, or interest
      or fees on, the Loans payable to any Lender, in each case, without the written consent of such Lender;  

   

  
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  (ii)        increase the Total Commitment without the written consent of
      each Lender;

   

  (iii)       change the percentage of
      the Commitments or of the aggregate unpaid principal amount of the Loans that is required for the Lenders or any of them to take any action hereunder without the written consent of each Lender;

   

  (iv)       amend the definition of
      “Required Lenders” or “Pro Rata Share” without the written consent of each Lender;

   

  (v)        release all or a
      substantial portion of the Collateral (except as otherwise provided in this Agreement and the other Loan Documents), subordinate any Lien granted in favor of the Collateral Agent for the benefit of the Agents and the Lenders, subordinate the
      Obligations in right of payment, or release any Borrower or any Guarantor (except in connection with a Disposition of the Equity Interests thereof permitted by Section 7.02(c)(ii)), in each case, without the written consent of each Lender; or

   

  (vi)       amend, modify or waive Section 4.02, Section 4.03 or this
      Section 12.02 without the written consent of each Lender.

   

  (b)         Notwithstanding
      anything to the contrary in Section 12.02(a):

   

  (i)         no amendment, waiver or
      consent shall, unless in writing and signed by an Agent, affect the rights or duties of such Agent (but not in its capacity as a Lender) under this Agreement or the other Loan Documents;

   

  (ii)        any amendment, waiver or
      consent to any provision of this Agreement (including Sections 4.01 and 4.02) that permits any Loan Party, any Permitted Holder (or other Equity Holder) or any of their respective Affiliates to purchase Loans on a non-pro rata basis, become an
      eligible assignee pursuant to Section 12.07 and/or make offers to make optional prepayments on a non-pro rata basis shall require the prior written consent of the Required Lenders rather than the prior written consent of each Lender directly affected
      thereby;

   

  (iii)       any Control Agreement,
      Guaranty, Mortgage, Security Agreement, collateral access agreement, landlord waiver, or other agreement or document purporting to create or perfect a security interest in any of the Collateral (a “Collateral Document”) may be amended, waived
      or otherwise modified with the consent of the applicable Agent and the applicable Loan Party without the need to obtain the consent of any Lender or any other Person if such amendment, modification, supplement or waiver is delivered in order (A) to
      comply with local Requirements of Law (including foreign law or regulatory requirements) or advice of local counsel, (B) to cure any ambiguity, inconsistency, omission, mistake or defect, or (C) to cause such Collateral Document to be consistent with
      this Agreement and the other Loan Documents, and if the Administrative Agent and the Administrative Borrower shall have jointly identified an ambiguity, inconsistency, omission, mistake or defect, in each case, in any provision of any Loan Document
      (other than a Collateral Document), then the Administrative Agent and the Administrative Borrower shall be permitted to amend such provision; any amendment, waiver or modification pursuant to this paragraph shall become effective without any further
      action or consent of any other party to any Loan Document if the same is not objected to in writing by the Required Lenders within five Business Days following receipt of notice thereof;

   

  (iv)       no consent of any Loan
      Party shall be required to change any order of priority set forth in Sections 2.05(d) and Section 4.03; and 

   

  
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  (v)        the Administrative Agent
      and the Administrative Borrower may enter into an amendment to this Agreement pursuant to Section 2.07(g) to reflect an alternate service or index rate and such other related changes to this Agreement as may be applicable; and

   

  (vi)       no Defaulting Lender,
      Loan Party, Permitted Holder (or other Equity Holder) or any of their respective Affiliates that is a Lender shall have any right to approve or disapprove any amendment, waiver or consent under the Loan Documents and any Loans held by such Person for
      purposes hereof shall be automatically deemed to be voted pro rata according to the Loans of all other Lenders in the aggregate (other than such Defaulting Lender, Loan Party, Permitted Holder (or other Equity Holder) or Affiliate).

   

  (c)          If any action to be
      taken by the Lenders hereunder requires the consent, authorization, or agreement of all of the Lenders or any Lender affected thereby, and a Lender (the “Holdout Lender”) fails to give its consent, authorization, or agreement, then the
      Collateral Agent, upon at least five Business Days prior irrevocable notice to the Holdout Lender, may permanently replace the Holdout Lender with one or more substitute lenders (each, a “Replacement Lender”), and the Holdout Lender shall have
      no right to refuse to be replaced hereunder. Such notice to replace the Holdout Lender shall specify an effective date for such replacement, which date shall not be later than 15 Business Days after the date such notice is given. Prior to the
      effective date of such replacement, the Holdout Lender and each Replacement Lender shall execute and deliver an Assignment and Acceptance, subject only to the Holdout Lender being repaid its share of the outstanding Obligations without any premium or
      penalty of any kind whatsoever. If the Holdout Lender shall refuse or fail to execute and deliver any such Assignment and Acceptance prior to the effective date of such replacement, the Holdout Lender shall be deemed to have executed and delivered
      such Assignment and Acceptance. The replacement of any Holdout Lender shall be made in accordance with the terms of Section 12.07. Until such time as the Replacement Lenders shall have acquired all of the Obligations, the Commitments, and the other
      rights and obligations of the Holdout Lender hereunder and under the other Loan Documents, the Holdout Lender shall remain obligated to make its Pro Rata Share of Loans.

   

  Section
      12.03      No Waiver; Remedies, Etc. No failure on the part of any Agent or any Lender to exercise, and no delay in exercising, any right hereunder or under any
      other Loan Document shall operate as a waiver thereof; nor shall any single or partial exercise of any right under any Loan Document preclude any other or further exercise thereof or the exercise of any other right. The rights and remedies of the
      Agents and the Lenders provided herein and in the other Loan Documents are cumulative and are in addition to, and not exclusive of, any rights or remedies provided by law. The rights of the Agents and the Lenders under any Loan Document against any
      party thereto are not conditional or contingent on any attempt by the Agents and the Lenders to exercise any of their rights under any other Loan Document against such party or against any other Person.

   

  
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  Section
      12.04       Expenses; Attorneys’ Fees. The Borrowers will pay on demand, all reasonable costs and expenses incurred by or on behalf of each Agent (and, in the
      case of clauses (b) through (m) below, each Lender), regardless of whether the transactions contemplated hereby are consummated, including, without limitation, reasonable fees, costs, client charges and expenses of counsel for each Agent (and, in the
      case of clauses (b) through (m) below, each Lender), accounting, due diligence, periodic field audits, physical counts, valuations, investigations, searches and filings, monitoring of assets, appraisals of Collateral, the rating of the Loans, title
      searches and reviewing environmental assessments, miscellaneous disbursements, examination, travel, lodging and meals, arising from or relating to: (a) the negotiation, preparation, execution, delivery, performance and administration of this
      Agreement and the other Loan Documents (including, without limitation, the preparation of any additional Loan Documents pursuant to Section 7.01(b) or the review of any of the agreements, instruments and documents referred to in Section 7.01(f)), (b)
      any requested amendments, waivers or consents to this Agreement or the other Loan Documents whether or not such documents become effective or are given, (c) the preservation and protection of the Agents’ or any of the Lenders’ rights under this
      Agreement or the other Loan Documents, (d) the defense of any claim or action asserted or brought against any Agent or any Lender by any Person that arises from or relates to this Agreement, any other Loan Document, the Agents’ or the Lenders’ claims
      against any Loan Party, or any and all matters in connection therewith, (e) the commencement or defense of, or intervention in, any court proceeding arising from or related to this Agreement or any other Loan Document, (f) the filing of any petition,
      complaint, answer, motion or other pleading by any Agent or any Lender, or the taking of any action in respect of the Collateral or other security, in connection with this Agreement or any other Loan Document, (g) the protection, collection, lease,
      sale, taking possession of or liquidation of any Collateral or other security in connection with this Agreement or any other Loan Document, (h) any attempt to enforce any Lien or security interest in any Collateral or other security in connection
      with this Agreement or any other Loan Document, (i) any attempt to collect from any Loan Party, (j) any Environmental Claim, Environmental Liability or Remedial Action arising from or in connection with the past, present or future operations of, or
      any property currently, formerly or in the future owned, leased or operated by, any Loan Party, any of its Subsidiaries or any predecessor in interest, (k) any Environmental Lien, (l) the rating of the Loans by one or more rating agencies in
      connection with any Lender’s Securitization, or (m) the receipt by any Agent or any Lender of any advice from professionals with respect to any of the foregoing. Without limitation of the foregoing or any other provision of any Loan Document: (x) the
      Borrowers agree to pay all broker fees that may become due in connection with the transactions contemplated by this Agreement and the other Loan Documents, and (y) if the Borrowers fail to perform any covenant or agreement contained herein or in any
      other Loan Document, any Agent may itself perform or cause performance of such covenant or agreement, and the expenses of such Agent incurred in connection therewith shall be reimbursed on demand by the Borrowers. The obligations of the Borrowers
      under this Section 12.04 shall survive the repayment of the Obligations and discharge of any Liens granted under the Loan Documents.

   

  Section
      12.05      Right of Set-off. Upon the occurrence and during the continuance of any Event of Default, any Agent or any Lender may, and is hereby authorized to, at
      any time and from time to time, without notice to any Loan Party (any such notice being expressly waived by the Loan Parties) and to the fullest extent permitted by law, set off and apply any and all deposits (general or special, time or demand,
      provisional or final) at any time held and other Indebtedness at any time owing by such Agent or such Lender or any of their respective Affiliates to or for the credit or the account of any Loan Party against any and all obligations of the Loan
      Parties either now or hereafter existing under any Loan Document, irrespective of whether or not such Agent or such Lender shall have made any demand hereunder or thereunder and although such obligations may be contingent or unmatured; provided that
      in the event that any Defaulting Lender shall exercise any such right of set-off, (a) all amounts so set off shall be paid over immediately to the Administrative Agent for further application in accordance with the provisions of Section 4.04 and,
      pending such payment, shall be segregated by such Defaulting Lender from its other funds and deemed held in trust for the benefit of the Agents and the Lenders, and (b) the Defaulting Lender shall provide promptly to the Administrative Agent a
      statement describing in reasonable detail the Obligations owing to such Defaulting Lender as to which it exercised such right of set-off. Each Agent and each Lender agrees to notify such Loan Party promptly after any such set-off and application made
      by such Agent or such Lender or any of their respective Affiliates provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Agents and the Lenders under this Section 12.05 are in
      addition to the other rights and remedies (including other rights of set-off) which the Agents and the Lenders may have under this Agreement or any other Loan Documents of law or otherwise.

   

  Section 12.06
          Severability. Any provision of this Agreement which is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the
      extent of such prohibition or unenforceability without invalidating the remaining portions hereof or affecting the validity or enforceability of such provision in any other jurisdiction.

   

   

  
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  Section 12.07        Assignments and Participations.

   

  (a)         This Agreement and the
      other Loan Documents shall be binding upon and inure to the benefit of each Loan Party and each Agent and each Lender and their respective successors and assigns; provided, however, that none of the Loan Parties may assign or transfer any of its
      rights hereunder or under the other Loan Documents without the prior written consent of each Lender and any such assignment without the Lenders’ prior written consent shall be null and void.

   

  (b)         Subject to the
      conditions set forth in clause (c) below, each Lender may assign to one or more other lenders or other entities all or a portion of its rights and obligations under this Agreement with respect to:

   

  (i)          all or a portion of its
      Term Loan Commitment and any Term Loan made by it with the written consent of the Collateral Agent and the Administrative Borrower, and

   

  (ii)        all or a portion of its
      Revolving Credit Commitment and the Revolving Loans made by it with the written consent of each Agent and the Administrative Borrower;

   

  provided, however, that (A) the written
      consent of the Administrative Borrower (1) shall not be unreasonably withheld, conditioned or delayed, (2) shall not be required upon the occurrence and during the continuance of an Event of Default and (3) shall be deemed given if not denied in
      writing by the Administrative Borrower within 5 Business Days of the date of the written request therefor and (B) no written consent of any Agent or the Administrative Borrower shall be required (1) in connection with any assignment by a Lender to an
      Agent or a Lender, an Affiliate of an Agent or a Lender or a Related Fund of an Agent or a Lender or (2) if such assignment is in connection with any merger, consolidation, sale, transfer, or other disposition of all or any substantial portion of the
      business or loan portfolio of such Lender.

   

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

   

  (i)          Each such assignment
      shall be in an amount which is at least $5,000,000 or a multiple of $1,000,000 in excess thereof (or the remainder of such Lender’s Commitment) (except such minimum amount shall not apply to an assignment by a Lender to (A) a Lender, an Affiliate of
      such Lender or a Related Fund of such Lender or (B) a group of new Lenders, each of whom is an Affiliate or Related Fund of each other to the extent the aggregate amount to be assigned to all such new Lenders is at least $5,000,000 or a multiple of
      $1,000,000 in excess thereof); and

   

  (ii)        The parties to each such
      assignment shall execute and deliver to the Collateral Agent (and the Administrative Agent, if applicable), for its acceptance, an Assignment and Acceptance, together with any promissory note subject to such assignment and such parties shall deliver
      to the Collateral Agent, for the benefit of the Collateral Agent, a processing and recordation fee of $5,000 (except the payment of such fee shall not be required in connection with an assignment by a Lender to a Lender, an Affiliate of such Lender
      or a Related Fund of such Lender); and

   

  (iii)        No such assignment
      shall be made to (A) any Loan Party, any Permitted Holder (or other Equity Holder) or any of their respective Affiliates, or (B) any Defaulting Lender or any of its Affiliates, or any Person who, upon becoming a Lender hereunder, would constitute any
      of the foregoing Persons described in this clause (B).

   

  
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  (d)         Upon such execution,
      delivery and acceptance, from and after the effective date specified in each Assignment and Acceptance and recordation on the Register, which effective date shall be at least three Business Days after the delivery thereof to the Collateral Agent (or
      such shorter period as shall be agreed to by the Collateral Agent and the parties to such assignment), (A) the assignee thereunder shall become a “Lender” hereunder and, in addition to the rights and obligations hereunder held by it immediately prior
      to such effective date, have the rights and obligations hereunder that have been assigned to it pursuant to such Assignment and Acceptance and (B) the assigning Lender thereunder shall, to the extent that rights and obligations hereunder have been
      assigned by it pursuant to such Assignment and Acceptance, relinquish its rights and be released from its obligations under this Agreement (and, in the case of an Assignment and Acceptance covering all or the remaining portion of an assigning
      Lender’s rights and obligations under this Agreement, such Lender shall cease to be a party hereto).

   

  (e)          By executing and
      delivering an Assignment and Acceptance, the assigning Lender and the assignee thereunder confirm to and agree with each other and the other parties hereto as follows: (i) other than as provided in such Assignment and Acceptance, the assigning Lender
      makes no representation or warranty and assumes no responsibility with respect to any statements, warranties or representations made in or in connection with this Agreement or any other Loan Document or the execution, legality, validity,
      enforceability, genuineness, sufficiency or value of this Agreement or any other Loan Document furnished pursuant hereto; (ii) the assigning Lender makes no representation or warranty and assumes no responsibility with respect to the financial
      condition of any Loan Party or any of its Subsidiaries or the performance or observance by any Loan Party of any of its obligations under this Agreement or any other Loan Document furnished pursuant hereto; (iii) such assignee confirms that it has
      received a copy of this Agreement and the other Loan Documents, together with such other documents and information it has deemed appropriate to make its own credit analysis and decision to enter into such Assignment and Acceptance; (iv) such assignee
      will, independently and without reliance upon the assigning Lender, any Agent or any Lender and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action
      under this Agreement and the other Loan Documents; (v) such assignee appoints and authorizes the Agents to take such action as agents on its behalf and to exercise such powers under this Agreement and the other Loan Documents as are delegated to the
      Agents by the terms hereof and thereof, together with such powers as are reasonably incidental hereto and thereto; and (vi) such assignee agrees that it will perform in accordance with their terms all of the obligations which by the terms of this
      Agreement and the other Loan Documents are required to be performed by it as a Lender.

   

  (f)          The Administrative
      Agent shall, acting solely for this purpose as a non-fiduciary agent of the Borrowers, maintain, or cause to be maintained at the Payment Office, a copy of each Assignment and Acceptance delivered to and accepted by it and a register (the “Register”)

      for the recordation of the names and addresses of the Lenders and the Commitments of, and the principal amount of the Loans (and stated interest thereon) (the “Registered Loans”) owing to each Lender from time to time. The entries in the
      Register shall be conclusive and binding for all purposes, absent manifest error, and the Borrowers, the Agents and the Lenders shall treat each Person whose name is recorded in the Register as a Lender hereunder for all purposes of this Agreement.
      The Register shall be available for inspection by the Administrative Borrower and any Lender at any reasonable time and from time to time upon reasonable prior written notice.

   

  (g)         Upon receipt by the
      Administrative Agent of a completed Assignment and Acceptance, and subject to any consent required from the Administrative Agent or the Collateral Agent pursuant to Section 12.07(b) (which consent of the applicable Agent must be evidenced by such
      Agent’s execution of an acceptance to such Assignment and Acceptance), the Administrative Agent shall accept such assignment, record the information contained therein in the Register (as adjusted to reflect any principal payments on or amounts
      capitalized and added to the principal balance of the Loans and/or Commitment reductions made subsequent to the effective date of the applicable assignment, as confirmed in writing by the corresponding assignor and assignee in conjunction with
      delivery of the assignment to the Administrative Agent) and provide to the Collateral Agent a copy of the fully executed Assignment and Acceptance.

   

  
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  (h)         A Registered Loan (and
      the registered note, if any, evidencing the same) may be assigned or sold in whole or in part only by registration of such assignment or sale on the Register (and each registered note shall expressly so provide). Any assignment or sale of all or part
      of such Registered Loan (and the registered note, if any, evidencing the same) may be effected only by registration of such assignment or sale on the Register, together with the surrender of the registered note, if any, evidencing the same duly
      endorsed by (or accompanied by a written instrument of assignment or sale duly executed by) the holder of such registered note, whereupon, at the request of the designated assignee(s) or transferee(s), one or more new registered notes in the same
      aggregate principal amount shall be issued to the designated assignee(s) or transferee(s).

   

  (i)           If any Lender sells
      participations in a Registered Loan, such Lender shall, acting solely for this purpose as a non-fiduciary agent of the Borrowers, maintain, or cause to be maintained, a register, on which it enters the names and addresses of all participants in the
      Registered Loans held by it and the principal amount (and stated interest thereon) of the portion of the Registered Loan that is the subject of the participation (the “Participant Register”). A Registered Loan (and the registered note, if any,
      evidencing the same) may be participated in whole or in part only by registration of such participation on the Participant Register (and each registered note shall expressly so provide). Any participation of such Registered Loan (and the registered
      note, if any, evidencing the same) may be effected only by the registration of such participation on the Participant Register. 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. 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 any Loan Document) 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. For the avoidance of doubt, the Administrative Agent (in
      its capacity as Administrative Agent) shall have no responsibility for maintaining a Participant Register.

   

  (j)           Any Non-U.S. Lender
      who purchases or is assigned or participates in any portion of such Registered Loan shall comply with Section 2.09(d).

   

  (k)         Each Lender may sell
      participations to one or more banks or other entities in or to all or a portion of its rights and obligations under this Agreement and the other Loan Documents (including, without limitation, all or a portion of its Commitments and the Loans made by
      it); provided that (i) such Lender’s obligations under this Agreement (including without limitation, its Commitments hereunder) and the other Loan Documents shall remain unchanged; (ii) such Lender shall remain solely responsible to the other parties
      hereto for the performance of such obligations, and the Borrowers, the Agents and the other Lenders shall continue to deal solely and directly with such Lender in connection with such Lender’s rights and obligations under this Agreement and the other
      Loan Documents; and (iii) a participant shall not be entitled to require such Lender to take or omit to take any action hereunder except (A) action directly effecting an extension of the maturity dates or decrease in the principal amount of the
      Loans, (B) action directly effecting an extension of the due dates or a decrease in the rate of interest payable on the Loans or the fees payable under this Agreement, or (C) actions directly effecting a release of all or a substantial portion of the
      Collateral or any Loan Party (except as set forth in Section 10.08 or any other Loan Document). The Loan Parties agree that each participant shall be entitled to the benefits of Sections 2.09 and 2.10 with respect to its participation in any portion
      of the Commitments and the Loans as if it was a Lender.

   

  
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  (l)          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 any pledge or assignment to secure obligations to a Federal Reserve Bank or loans made to, or other
      indebtedness issued by, such Lender pursuant to a securitization transaction (including any structured warehouse credit facility, collateralized loan obligation transaction or similar facility or transaction, and including any further securitization
      of the indebtedness or equity issued under such a transaction) (a “Securitization”); provided that no such pledge or assignment shall release such Lender from any of its obligations hereunder or substitute any such pledgee or assignee for such
      Lender as a party hereto. The Loan Parties shall cooperate with such Lender and its Affiliates to effect a Securitization, including, without limitation, by providing such information as may be reasonably requested by such Lender in connection with
      the rating of its Loans or any Securitization.

   

  Section
      12.08      Counterparts. This Agreement may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which
      shall be deemed to be an original, but all of which taken together shall constitute one and the same agreement. Delivery of an executed counterpart of this Agreement by telecopier or electronic mail shall be equally as effective as delivery of an
      original executed counterpart of this Agreement. Any party delivering an executed counterpart of this Agreement by telecopier or electronic mail also shall deliver an original executed counterpart of this Agreement but the failure to deliver an
      original executed counterpart shall not affect the validity, enforceability, and binding effect of this Agreement. The foregoing shall apply to each other Loan Document mutatis mutandis.

   

  Section
      12.09       GOVERNING LAW. THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS (UNLESS EXPRESSLY PROVIDED TO THE CONTRARY IN ANOTHER LOAN DOCUMENT IN RESPECT OF SUCH
      OTHER LOAN DOCUMENT) SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK APPLICABLE TO CONTRACTS MADE AND TO BE PERFORMED IN THE STATE OF NEW YORK.

   

  Section 12.10       CONSENT TO JURISDICTION; SERVICE OF PROCESS AND VENUE.

   

  (a)         ANY LEGAL ACTION OR
      PROCEEDING WITH RESPECT TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT MAY BE BROUGHT IN THE COURTS OF THE STATE OF NEW YORK IN THE COUNTY OF NEW YORK OR OF THE UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF NEW YORK, AND, BY EXECUTION AND
      DELIVERY OF THIS AGREEMENT, EACH LOAN PARTY HEREBY IRREVOCABLY ACCEPTS IN RESPECT OF ITS PROPERTY, GENERALLY AND UNCONDITIONALLY, THE JURISDICTION OF THE AFORESAID COURTS. EACH LOAN PARTY HEREBY IRREVOCABLY CONSENTS TO THE SERVICE OF PROCESS OUT OF
      ANY OF THE AFOREMENTIONED COURTS AND IN ANY SUCH ACTION OR PROCEEDING BY ANY MEANS PERMITTED BY APPLICABLE LAW, INCLUDING, WITHOUT LIMITATION, BY THE MAILING OF COPIES THEREOF BY REGISTERED OR CERTIFIED MAIL, POSTAGE PREPAID, TO THE ADMINISTRATIVE
      BORROWER AT ITS ADDRESS FOR NOTICES AS SET FORTH IN SECTION 12.01, SUCH SERVICE TO BECOME EFFECTIVE 10 DAYS AFTER SUCH MAILING. THE LOAN PARTIES AGREE 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 HEREIN SHALL AFFECT THE RIGHT OF THE AGENTS AND THE LENDERS TO SERVICE OF PROCESS IN ANY OTHER MANNER PERMITTED BY LAW OR TO COMMENCE LEGAL PROCEEDINGS OR
      OTHERWISE PROCEED AGAINST ANY LOAN PARTY IN ANY OTHER JURISDICTION. EACH LOAN PARTY HEREBY EXPRESSLY AND IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY LAW, ANY OBJECTION WHICH IT MAY NOW OR HEREAFTER HAVE TO THE JURISDICTION OR LAYING OF
      VENUE OF ANY SUCH LITIGATION BROUGHT IN ANY SUCH COURT REFERRED TO ABOVE AND ANY CLAIM THAT ANY SUCH LITIGATION HAS BEEN BROUGHT IN AN INCONVENIENT FORUM. TO THE EXTENT THAT ANY LOAN PARTY HAS OR HEREAFTER MAY ACQUIRE ANY IMMUNITY FROM JURISDICTION
      OF ANY COURT OR FROM ANY LEGAL PROCESS (WHETHER THROUGH SERVICE OR NOTICE, ATTACHMENT PRIOR TO JUDGMENT, ATTACHMENT IN AID OF EXECUTION OR OTHERWISE) WITH RESPECT TO ITSELF OR ITS PROPERTY, EACH LOAN PARTY HEREBY IRREVOCABLY WAIVES SUCH IMMUNITY IN
      RESPECT OF ITS OBLIGATIONS UNDER THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS.

   

  
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  (b)         Each Loan Party
      irrevocably and unconditionally agrees that it will not commence any action or proceeding of any kind or description, whether in law or equity, whether in contract or in tort or otherwise, against any Agent, any Lender or any Related Party of the
      foregoing in any way relating to this Agreement or any other Loan Document or the transactions relating hereto or thereto, in any forum other than the courts of the State of New York sitting in New York County, and of the United States District Court
      of the Southern District of New York, and any appellate court from any thereof.

   

  (c)         Each Foreign Loan
      Party hereby irrevocably appoints C T Corporation System (the “Process Agent”), with an office on the date hereof at 111 Eighth Avenue, New York, New York 10011 as its agent to receive on behalf of each Foreign Loan Party service of the
      summons and complaint and any other process which may be served in any action or proceeding described above. Such service may be made by mailing or delivering a copy of such process to each Foreign Loan Party, in care of the Process Agent at the
      address specified above for such Process Agent, and such Foreign Loan Party hereby irrevocably authorizes and directs the Process Agent to accept such service on its behalf. Each Foreign Loan Party covenants and agrees that, for so long as it shall
      be bound under this Agreement or any other Loan Document, it shall maintain a duly appointed agent for the service of summons and other legal process in New York, New York, United States of America, for the purposes of any legal action, suit or
      proceeding brought by any party in respect of this Agreement or such other Loan Document and shall keep the Agents advised of the identity and location of such agent. If for any reason there is no authorized agent for service of process in New York,
      each Foreign Loan Party irrevocably consents to the service of process out of the said courts by mailing copies thereof by registered United States air mail postage prepaid to it at its address specified in Section 12.01. Nothing in this Section
      12.10 shall affect the right of any Secured Party to (i) commence legal proceedings or otherwise sue any Foreign Loan Party in the country in which it is domiciled or in any other court having jurisdiction over such Foreign Loan Party or (ii) serve
      process upon any Foreign Loan Party in any manner authorized by the laws of any such jurisdiction.

   

  Section 12.11
          WAIVER OF JURY TRIAL, ETC. EACH LOAN PARTY, EACH AGENT AND EACH LENDER HEREBY WAIVES ANY RIGHT TO A TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM
      CONCERNING ANY RIGHTS UNDER THIS AGREEMENT OR THE OTHER LOAN DOCUMENTS, OR UNDER ANY AMENDMENT, WAIVER, CONSENT, INSTRUMENT, DOCUMENT OR OTHER AGREEMENT DELIVERED OR WHICH IN THE FUTURE MAY BE DELIVERED IN CONNECTION THEREWITH, OR ARISING FROM ANY
      FINANCING RELATIONSHIP EXISTING IN CONNECTION WITH THIS AGREEMENT, AND AGREES THAT ANY SUCH ACTION, PROCEEDINGS OR COUNTERCLAIM SHALL BE TRIED BEFORE A COURT AND NOT BEFORE A JURY. EACH LOAN PARTY CERTIFIES THAT NO OFFICER, REPRESENTATIVE, AGENT OR
      ATTORNEY OF ANY AGENT OR ANY LENDER HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT ANY AGENT OR ANY LENDER WOULD NOT, IN THE EVENT OF ANY ACTION, PROCEEDING OR COUNTERCLAIM, SEEK TO ENFORCE THE FOREGOING WAIVERS. EACH LOAN PARTY HEREBY ACKNOWLEDGES
      THAT THIS PROVISION IS A MATERIAL INDUCEMENT FOR THE AGENTS AND THE LENDERS ENTERING INTO THIS AGREEMENT.

   

  
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  Section
      12.12      Consent by the Agents and Lenders. Except as otherwise expressly set forth herein to the contrary or in any other Loan Document, if the consent,
      approval, satisfaction, determination, judgment, acceptance or similar action (an “Action”) of any Agent or any Lender shall be permitted or required pursuant to any provision hereof or any provision of any other agreement to which any Loan
      Party is a party and to which any Agent or any Lender has succeeded thereto, such Action shall be required to be in writing and may be withheld or denied by such Agent or such Lender, in its sole discretion, with or without any reason, and without
      being subject to question or challenge on the grounds that such Action was not taken in good faith.

   

  Section
      12.13       No Party Deemed Drafter. Each of the parties hereto agrees that no party hereto shall be deemed to be the drafter of this Agreement.

   

  Section 12.14      Reinstatement; Certain Payments. If any claim is ever made upon any Secured Party for repayment or recovery of any amount or amounts received by such Secured Party in
      payment or on account of any of the Obligations, such Secured Party shall give prompt notice of such claim to each other Agent and Lender and the Administrative Borrower, and if such Secured Party repays all or part of such amount by reason of (i)
      any judgment, decree or order of any court or administrative body having jurisdiction over such Secured Party or any of its property, or (ii) any good faith settlement or compromise of any such claim effected by such Secured Party with any such
      claimant, then and in such event each Loan Party agrees that (A) any such judgment, decree, order, settlement or compromise shall be binding upon it notwithstanding the cancellation of any Indebtedness hereunder or under the other Loan Documents or
      the termination of this Agreement or the other Loan Documents, and (B) it shall be and remain liable to such Secured Party hereunder for the amount so repaid or recovered to the same extent as if such amount had never originally been received by such
      Secured Party.

   

  Section 12.15       Indemnification; Limitation of Liability for Certain Damages.

   

  (a)          In addition to each
      Loan Party’s other Obligations under this Agreement, each Loan Party agrees to, jointly and severally, defend, protect, indemnify and hold harmless each Secured Party and all of their respective Related Parties (collectively called the “Indemnitees”)

      from and against any and all losses, damages, liabilities, obligations, penalties, fees, reasonable costs and expenses (including, without limitation, reasonable attorneys’ fees, costs and expenses) incurred by such Indemnitees, whether prior to or
      from and after the Effective Date, whether direct, indirect or consequential, as a result of or arising from or relating to or in connection with any of the following: (i) the negotiation, preparation, execution or performance or enforcement of this
      Agreement, any other Loan Document or of any other document executed in connection with the transactions contemplated by this Agreement, (ii) any Agent’s or any Lender’s furnishing of funds to the Borrowers under this Agreement or the other Loan
      Documents, including, without limitation, the management of any such Loans or the Borrowers’ use of the proceeds thereof, (iii) the Agents and the Lenders relying on any instructions of the Administrative Borrower or the handling of the Loan Account
      and Collateral of the Borrowers as herein provided, (iv) any matter relating to the financing transactions contemplated by this Agreement or the other Loan Documents or by any document executed in connection with the transactions contemplated by this
      Agreement or the other Loan Documents, or (v) any claim, litigation, investigation or proceeding relating to any of the foregoing, whether or not any Indemnitee is a party thereto (collectively, the “Indemnified Matters”); provided, however,
      that the Loan Parties shall not have any obligation to any Indemnitee under this subsection (a) for any Indemnified Matter caused by the gross negligence or willful misconduct of such Indemnitee, as determined by a final non-appealable judgment of a
      court of competent jurisdiction.

   

  
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  (b)         The indemnification
      for all of the foregoing losses, damages, fees, costs and expenses of the Indemnitees set forth in this Section 12.15 are chargeable against the Loan Account. To the extent that the undertaking to indemnify, pay and hold harmless set forth in this
      Section 12.15 may be unenforceable because it is violative of any law or public policy, each Loan Party shall, jointly and severally, contribute the maximum portion which it is permitted to pay and satisfy under applicable law, to the payment and
      satisfaction of all Indemnified Matters incurred by the Indemnitees.

   

  (c)         No Loan Party shall
      assert, and each Loan Party hereby waives, any claim against the Indemnitees, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) (whether or not the claim therefor is based on
      contract, tort or duty imposed by any applicable legal requirement) arising out of, in connection with, as a result of, or in any way related to, this Agreement or any other Loan Document or any agreement or instrument contemplated hereby or thereby
      or referred to herein or therein, the transactions contemplated hereby or thereby, any Loan or the use of the proceeds thereof or any act or omission or event occurring in connection therewith, and each Loan Party hereby waives, releases and agrees
      not to sue upon any such claim or seek any such damages, whether or not accrued and whether or not known or suspected to exist in its favor.

   

  (d)          The indemnities and
      waivers set forth in this Section 12.15 shall survive the repayment of the Obligations and discharge of any Liens granted under the Loan Documents.

   

  Section
      12.16       Records. The unpaid principal of and interest on the Loans, the interest rate or rates applicable to such unpaid principal and interest, the duration
      of such applicability, the Commitments, and the accrued and unpaid fees payable pursuant to Section 2.06 hereof, shall at all times be ascertained from the records of the Agents, which shall be conclusive and binding absent manifest error.

   

  Section
      12.17      Binding Effect. This Agreement shall become effective when it shall have been executed by each Loan Party, each Agent and each Lender and when the
      conditions precedent set forth in Section 5.01 have been satisfied or waived in writing by the Agents, and thereafter shall be binding upon and inure to the benefit of each Loan Party, each Agent and each Lender, and their respective successors and
      assigns, except that the Loan Parties shall not have the right to assign their rights hereunder or any interest herein without the prior written consent of each Agent and each Lender, and any assignment by any Lender shall be governed by Section
      12.07.

   

  Section
      12.18       Highest Lawful Rate. It is the intention of the parties hereto that each Agent and each Lender shall conform strictly to usury laws applicable to it.
      Accordingly, if the transactions contemplated hereby or by any other Loan Document would be usurious as to any Agent or any Lender under laws applicable to it (including the laws of the United States of America and the State of New York or any other
      jurisdiction whose laws may be mandatorily applicable to such Agent or such Lender notwithstanding the other provisions of this Agreement), then, in that event, notwithstanding anything to the contrary in this Agreement or any other Loan Document or
      any agreement entered into in connection with or as security for the Obligations, it is agreed as follows: (i) the aggregate of all consideration which constitutes interest under law applicable to any Agent or any Lender that is contracted for,
      taken, reserved, charged or received by such Agent or such Lender under this Agreement or any other Loan Document or agreements or otherwise in connection with the Obligations shall under no circumstances exceed the maximum amount allowed by such
      applicable law, any excess shall be canceled automatically and if theretofore paid shall be credited by such Agent or such Lender on the principal amount of the Obligations (or, to the extent that the principal amount of the Obligations shall have
      been or would thereby be paid in full, refunded by such Agent or such Lender, as applicable, to the Borrowers); and (ii) in the event that the maturity of the Obligations is accelerated by reason of any Event of Default under this Agreement or
      otherwise, or in the event of any required or permitted prepayment, then such consideration that constitutes interest under law applicable to any Agent or any Lender may never include more than the maximum amount allowed by such applicable law, and
      excess interest, if any, provided for in this Agreement or otherwise shall, subject to the last sentence of this Section 12.18, be canceled automatically by such Agent or such Lender, as applicable, as of the date of such acceleration or prepayment
      and, if theretofore paid, shall be credited by such Agent or such Lender, as applicable, on the principal amount of the Obligations (or, to the extent that the principal amount of the Obligations shall have been or would thereby be paid in full,
      refunded by such Agent or such Lender to the Borrowers). All sums paid or agreed to be paid to any Agent or any Lender for the use, forbearance or detention of sums due hereunder shall, to the extent permitted by law applicable to such Agent or such
      Lender, be amortized, prorated, allocated and spread throughout the full term of the Loans until payment in full so that the rate or amount of interest on account of any Loans hereunder does not exceed the maximum amount allowed by such applicable
      law. If at any time and from time to time (x) the amount of interest payable to any Agent or any Lender on any date shall be computed at the Highest Lawful Rate applicable to such Agent or such Lender pursuant to this Section 12.18 and (y) in respect
      of any subsequent interest computation period the amount of interest otherwise payable to such Agent or such Lender would be less than the amount of interest payable to such Agent or such Lender computed at the Highest Lawful Rate applicable to such
      Agent or such Lender, then the amount of interest payable to such Agent or such Lender in respect of such subsequent interest computation period shall continue to be computed at the Highest Lawful Rate applicable to such Agent or such Lender until
      the total amount of interest payable to such Agent or such Lender shall equal the total amount of interest which would have been payable to such Agent or such Lender if the total amount of interest had been computed without giving effect to this
      Section 12.18.

   

  
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  For purposes of this Section 12.18,
      the term “applicable law” shall mean that law in effect from time to time and applicable to the loan transaction between the Borrowers, on the one hand, and the Agents and the Lenders, on the other, that lawfully permits the charging and collection
      of the highest permissible, lawful non-usurious rate of interest on such loan transaction and this Agreement, including laws of the State of New York and, to the extent controlling, laws of the United States of America.

   

  The right to accelerate the maturity
      of the Obligations does not include the right to accelerate any interest that has not accrued as of the date of acceleration.

   

  Section
      12.19     Confidentiality. Each Agent and each Lender agrees (on behalf of itself and its Related Parties) to use reasonable precautions to keep confidential, in
      accordance with its customary procedures for handling confidential information of this nature and in accordance with safe and sound practices of comparable commercial finance companies, any non-public information supplied to it by the Loan Parties
      pursuant to this Agreement or the other Loan Documents which is identified by the Loan Parties as being confidential at the time the same is delivered to such Person (and which at the time is not, and does not thereafter become, publicly available or
      available to such Person from another source not known to be subject to a confidentiality obligation to such Person not to disclose such information), provided that nothing herein shall limit the disclosure by any Agent or any Lender of any such
      information (i) to its Affiliates, its Related Parties or the Related Parties of any Person described in clause (ii) or (iii) below) (it being understood that the Persons to whom such disclosure is made either will be informed of the confidential
      nature of such information and instructed to keep such information confidential in accordance with this Section 12.19 or is subject to other customary confidentiality obligations); (ii) to any other party hereto; (iii) to any assignee or participant
      (or prospective assignee or participant) or any party to a Securitization, so long as such assignee or participant (or prospective assignee or participant) or party to a Securitization agrees, in writing, to be bound by or is otherwise subject to
      customary confidentiality obligations (including, without limitation, confidentiality provisions similar in substance to this Section 12.19); (iv) to the extent required by any Requirement of Law or judicial process or as otherwise requested by any
      Governmental Authority; (v) to the National Association of Insurance Commissioners or any similar organization, any examiner, auditor or accountant or any nationally recognized rating agency; (vi) in connection with any litigation to which any Agent
      or any Lender is a party; (vii) in connection with the exercise of any remedies hereunder or under any other Loan Document or any action or proceeding relating to this Agreement or any other Loan Document or the enforcement of rights hereunder or
      thereunder; (viii) to any other Person if such information is general portfolio information that does not identity the Loan Parties; or (ix) with the consent of the Administrative Borrower. In addition, the Agents and the Lenders may disclose the
      existence of this Agreement and information about this Agreement to market data collectors, similar service providers to the lending industry and service providers to any Agent or any Lender in connection with the administration of this Agreement,
      the other Loan Documents and the Commitments.

   

  
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  Section
      12.20      Public Disclosure. Each Loan Party agrees that neither it nor any of its Affiliates will now or in the future issue any press release or other public
      disclosure using the name of an Agent, any Lender or any of their respective Affiliates or referring to this Agreement or any other Loan Document without the prior written consent of such Agent or such Lender, except to the extent that such Loan
      Party or such Affiliate is required to do so under applicable law (in which event, such Loan Party or such Affiliate will consult with such Agent or such Lender before issuing such press release or other public disclosure). Each Loan Party hereby
      authorizes each Agent and each Lender, after consultation with the Borrowers, to advertise the closing of the transactions contemplated by this Agreement, and to make appropriate announcements of the financial arrangements entered into among the
      parties hereto, as such Agent or such Lender shall deem appropriate, including, without limitation, on a home page or similar place for dissemination of information on the Internet or worldwide web, or in announcements commonly known as tombstones,
      in such trade publications, business journals, newspapers of general circulation and to such selected parties as such Agent or such Lender shall deem appropriate.

   

  Section
      12.21       Integration. This Agreement, together with the other Loan Documents, reflects the entire understanding of the parties with respect to the
      transactions contemplated hereby and shall not be contradicted or qualified by any other agreement, oral or written, before the date hereof.

   

  Section
      12.22      USA PATRIOT Act. Each Lender that is subject to the requirements of the USA PATRIOT Act hereby notifies the Borrowers that pursuant to the
      requirements of the USA PATRIOT Act, it is required to obtain, verify and record information that identifies the entities composing the Borrowers, which information includes the name and address of each such entity and other information that will
      allow such Lender to identify the entities composing the Borrowers in accordance with the USA PATRIOT Act. Each Loan Party agrees to take such action and execute, acknowledge and deliver at its sole cost and expense, such instruments and documents as
      any Lender may reasonably require from time to time in order to enable such Lender to comply with the USA PATRIOT Act.

   

  Section
      12.23      Judgment Currency. This is an international financial transaction in which the specification of a currency and payment in New York is of the essence.
      Dollars shall be the currency of account in the case of all payments pursuant to or arising under this Agreement or under any other Loan Document, and all such payments shall be made to the Administrative Agent’s Account in New York in immediately
      available funds. To the fullest extent permitted by applicable law, the obligations of each Loan Party to the Secured Parties under this Agreement and under the other Loan Documents shall not be discharged by any amount paid in any other currency or
      in a place other than to the Administrative Agent’s Account in New York to the extent that the amount so paid after conversion under this Agreement and transfer to New York does not yield the amount of Dollars in New York due under this Agreement and
      under the other Loan Documents. If, for the purposes of obtaining judgment in any court, it is necessary to convert a sum due hereunder in Dollars into another currency (the “Other Currency”), to the fullest extent permitted by applicable law,
      the rate of exchange used shall be that at which the Administrative Agent could, in accordance with normal procedures, purchase Dollars with the Other Currency on the Business Day preceding that on which final judgment is given. The obligation of
      each Loan Party in respect of any such sum due from it to the Secured Parties hereunder shall, notwithstanding any judgment in such Other Currency, be discharged only to the extent that, on the Business Day immediately following the date on which the
      Administrative Agent receives any sum adjudged to be so due in the Other Currency, the Administrative Agent may, in accordance with normal banking procedures, purchase Dollars with the Other Currency. If the Dollars so purchased are less than the sum
      originally due to the Secured Parties in Dollars, each Loan Party agrees, as a separate obligation and notwithstanding any such judgment, to indemnify the Secured Parties against such loss, and if the Dollars so purchased exceed the sum originally
      due to the Secured Parties in Dollars, the Secured Parties agrees to remit to the Loan Parties such excess.

   

  
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  Section
      12.24      Waiver of Immunity. To the extent that any Loan Party has or hereafter may acquire (or may be attributed, whether or not claimed) any immunity
      (sovereign or otherwise) from any legal action, suit or proceeding, from jurisdiction of any court or from set-off or any legal process (whether service of process or notice, attachment prior to judgment, attachment in aid of execution of judgment,
      execution of judgment or otherwise) with respect to itself or any of its property, such Loan Party hereby irrevocably waives and agrees not to plead or claim, to the fullest extent permitted by law, such immunity in respect of (a) its obligations
      under the Loan Documents, (b) any legal proceedings to enforce such obligations and (c) any legal proceedings to enforce any judgment rendered in any proceedings to enforce such obligations. Each Loan Party hereby agrees that the waivers set forth in
      this Section 12.24 shall be to the fullest extent permitted under the Foreign Sovereign Immunities Act and are intended to be irrevocable for purposes of the Foreign Sovereign Immunities Act.

   

  Section
      12.25      English Language. This Agreement and each other Loan Document have been negotiated and executed in English. All certificates, reports, notices and
      other documents and communications given or delivered by any party hereto pursuant to this Agreement or any other Loan Document shall be in English or, if not in English, accompanied by a certified English translation thereof. The English version of
      any such document shall control the meaning of the matters set forth herein.

   

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  IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed by their respective officers thereunto duly authorized, as of the date first
    above written.

  	 	 	 	 
	 	BORROWER:
	 	 
	 	OBAGI COSMECEUTICALS LLC
	 	 
	 	By:	/s/ Jaime B. Castle

        
	 	 	Name:	Jaime B. Castle
	 	 	Title:	President and Chief Executive Officer
	 	 	 	 
	 	PARENT AND GUARANTOR:
	 	 
	 	OBAGI HOLDINGS COMPANY LIMITED
	 	 
	 	By:	/s/ Jaime B. Castle
	 	 	Name:	Jaime B. Castle
	 	 	Title:	President
	 	 	 	 
	 	ULTIMATE PARENT AND GUARANTOR:
	 	 
	 	OBAGI GLOBAL HOLDINGS LIMITED
	 	 
	 	By:	/s/ Jaime B. Castle
	 	 	Name:	Jaime B. Castle
	 	 	Title:	Director                                                                                 

   

  [Signature Page to Financing Agreement]

   

  
     

    
      
 

  

   

  	 	 	 	 
	 	OTHER GUARANTORS:
	 	 
	 	CLINACTIV TECHNOLOGY LIMITED
	 	 
	 	By:  	/s/ Jaime B. Castle
	 	 	Name:	Jaime B. Castle
	 	 	Title:	President
	 	 	 	 
	 	CLINACTIV(US) LLC
	 	 
	 	By:  	/s/ Jaime B. Castle
	 	 	Name:	Jaime B. Castle
	 	 	Title:	President                                                                

   

  [Signature Page to Financing Agreement]

   

  
     

    
      
 

  

   

  	 	 	 	 
	 	COLLATERAL AGENT:
	 	 
	 	TCW ASSET MANAGEMENT COMPANY LLC
	 	 
	 	By:	/s/ Suzanne Grosso
	 	 	Name:	Suzanne Grosso
	 	 	Title:	Managing Director
	 	 	 	 
	 	ADMINISTRATIVE AGENT:
	 	 
	 	TCW ASSET MANAGEMENT COMPANY LLC
	 	 
	 	By:	/s/ Suzanne Grosso
	 	 	Name:	Suzanne Grosso
	 	 	Title:	Managing Director                                            

   

  [Signature Page to Financing Agreement]

   

  
     

    
      
 

  

   

  	 	 	 
	 	LENDERS:
	 	 	 
	 	US SPECIALTY INSURANCE COMPANY, as a Lender
	 	 
	 	By: TCW Asset Management Company LLC,
	 	its Investment Manager and Attorney-in-Fact
	 	 
	 	By:	/s/ Suzanne Grosso
	 	Name: Suzanne Grosso
	 	Title: Managing Director
	 	 	 
	 	SAFETY NATIONAL CASUALTY CORPORATION, as a Lender
	 	 	 
	 	By: TCW Asset Management Company LLC,
	 	its Investment Manager and Attorney-in-Fact
	 	 
	 	By:	/s/ Suzanne Grosso
	 	Name: Suzanne Grosso
	 	Title: Managing Director
	 	 	 
	 	RELIANCE STANDARD LIFE INSURANCE COMPANY, as a Lender
	 	 
	 	By: TCW Asset Management Company LLC,
	 	its Investment Manager and Attorney-in-Fact
	 	 
	 	By:	/s/ Suzanne Grosso
	 	Name: Suzanne Grosso
	 	Title: Managing Director
	 	 
	 	PHILADELPHIA INDEMNITY INSURANCE COMPANY, as a Lender
	 	 
	 	By: TCW Asset Management Company LLC,
	 	its Investment Manager and Attorney-in-Fact
	 	 
	 	By:	/s/ Suzanne Grosso
	 	Name: Suzanne Grosso
	 	Title: Managing Director

   

  [Signature Page to Financing Agreement]

   

  
     

    
      
 

  

   

  	 	 	 	 
	 	LENDERS (CONT.):
	 	 
	 	MACQUARIE INVESTMENTS US INC., as a Lender
	 	 
	 	By:	/s/ Joshua Karlin
	 	 	Name:	Joshua Karlin
	 	 	Title:	Authorized Signatory
	 	 	 	 
	 	By:	/s/ Michael Greenblatt
	 	 	Name:	Michael Greenblatt
	 	 	Title:	Authorized Signatory

   

  [Signature Page to Financing Agreement]

   

  
     

    
      
 

  

   

  Schedule 1.01(A)

   

  	Lenders	Revolving Credit 

          Commitment	Term Loan 

          Commitment	Total Commitment
	 	 	 	 

   

  
     

    
      
 

  

   

  SCHEDULE 1.01(B)

  Facilities

   

  
     

    
      
 

  

   

  SCHEDULE 1.01(C)

  Immaterial Subsidiaries

   

  
     

    
      
 

  

   

  SCHEDULE 6.01(e)

  Capitalization; Subsidiaries

   

  
     

    
      
 

  

   

  SCHEDULE 6.01(f)

  Litigation

   

  
     

    
      
 

  

   

  SCHEDULE 6.01(i)

  ERISA

   

  
     

    
      
 

  

   

  SCHEDULE 6.01(l)

  Nature of Business

   

  
     

    
      
 

  

   

  SCHEDULE 6.01(p)

  Employee and Labor Matters

   

  
     

    
      
 

  

   

  SCHEDULE 6.01(q)

  Environmental Matters

   

  
     

    
      
 

  

   

  SCHEDULE 6.01(r)

  Insurance

   

  
     

    
      
 

  

   

  SCHEDULE 6.01(u)

  Intellectual Property

   

  
     

    
      
 

  

   

  SCHEDULE 6.01(v)

  Material Contracts

   

  
     

    
      
 

  

   

  SCHEDULE 6.01(gg)

  Health Care

   

  
     

    
      
 

  

   

  SCHEDULE 7.02(a)

  Existing Liens

   

  
     

    
      
 

  

   

  SCHEDULE 7.02(b)

  Existing Indebtedness

   

  
     

    
      
 

  

   

  SCHEDULE 7.02(e)

  Existing Investment

   

  
     

    
      
 

  

   

  SCHEDULE 7.02(j)

  Transactions with Affiliates

   

  
     

    
      
 

  

   

  SCHEDULE 7.02(k)

  Limitations on Dividends and Other Payment Restrictions

   

  
     

    
      
 

  

   

  SCHEDULE 8.01

  Cash Management Accounts

   

  
     

    
      
 

  

  EXHIBIT A

   

  FORM OF JOINDER AGREEMENT

   

  THIS JOINDER AGREEMENT, dated as of ____________ (this “Agreement”),
      to the Financing Agreement referred to below is entered into by and among Obagi Global Holdings Limited, an exempted company incorporated under the laws of the Cayman Islands with limited liability (the “Ultimate Parent”), Obagi Holdings
      Company Limited, an exempted company incorporated under the laws of the Cayman Islands with limited liability (the “Parent”), Obagi Cosmeceuticals LLC, a Delaware limited liability company (together with each other Person that executes a
      joinder agreement and becomes a “Borrower” thereunder, each a “Borrower” and collectively, the “Borrowers”), each subsidiary of the Ultimate Parent listed as a “Guarantor” on the signature pages thereto (together with the
      Ultimate Parent, the Parent and each other Person that executes a joinder agreement and becomes a “Guarantor” thereunder or otherwise guaranties all or any part of the Obligations (as defined therein), each, a “Guarantor” and, collectively,
      the “Guarantors”), [NAME OF ADDITIONAL BORROWER OR GUARANTOR], a _________________ ______________ (the “Additional [Borrower][Guarantor]”), the lenders from time to time party thereto (each a “Lender” and collectively, the “Lenders”),

      TCW Asset Management Company LLC, a Delaware limited liability company (“TCW”), as collateral agent for the Lenders (in such capacity, together with its successors and assigns in such capacity, the “Collateral Agent”), and TCW, as
      administrative agent for the Lenders (in such capacity, together with its successors and assigns in such capacity, the “Administrative Agent” and together with the Collateral Agent, each an “Agent” and collectively, the “Agents”)

   

  WHEREAS, the Ultimate Parent, the Parent, each Borrower [(other than the
      Additional Borrower)], the Guarantors [(other than the Additional Guarantor)], the Lenders and the Agents have entered into that certain Financing Agreement, dated as of March 16, 2021 (such agreement, as amended, restated, amended and restated,
      supplemented or otherwise modified from time to time, including any replacement agreement therefor, the “Financing Agreement”), pursuant to which the Lenders have agreed to make certain term loans and revolving loans (each a “Loan” and
      collectively the “Loans”), to the Borrowers;

   

  WHEREAS, the Borrowers’ obligation to repay the Loans and all other
      Obligations are guaranteed, jointly and severally, by the Guarantors;

   

  WHEREAS, pursuant to Section 7.01(b) of the Financing Agreement, the
      Additional [Borrower][Guarantor] is required to become a [Borrower][Guarantor] by, among other things, executing and delivering this Agreement to the Collateral Agent; and

   

  WHEREAS, the Additional [Borrower][Guarantor] has determined that the
      execution, delivery and performance of this Agreement directly benefit, and are within the corporate purposes and in the best interests of, the Additional [Borrower][Guarantor].

   

  
     

    
      
 

  

  
  

  NOW THEREFORE, in consideration of the premises and other good and valuable
      consideration, the receipt of which is hereby acknowledged, the parties hereto hereby agree as follows:

   

  SECTION 1.      Definitions. Reference is hereby made to the
      Financing Agreement for a statement of the terms thereof. All terms used in this Agreement which are defined therein and not otherwise defined herein shall have the same meanings herein as set forth therein.

   

  SECTION 2.      Joinder of Additional [Borrower][Guarantor].

   

  (a)          Pursuant to Section 7.01(b) of the Financing Agreement, by its
      execution of this Agreement, the Additional [Borrower][Guarantor] hereby (i) confirms that, as to the Additional [Borrower][Guarantor], the representations and warranties contained in Article VI of the Financing Agreement are true and correct in all
      material respects as of the effective date of this Agreement (except that such materiality qualifier shall not be applicable to any representations or warranties that already are qualified or modified as to “materiality” or “Material Adverse Effect”
      in the text thereof, which representations and warranties shall be true and correct in all respects subject to such qualification) on and as of such date as though made on and as of such date, except to the extent that any such representation or
      warranty expressly relates solely to an earlier date (in which case such representation or warranty shall be true and correct on and as of such earlier date), and (ii) agrees that, from and after the effective date of this Agreement, the Additional
      [Borrower][Guarantor] shall be a party to the Financing Agreement and shall be bound, as a [Borrower][Guarantor], by all the provisions thereof and shall comply with and be subject to all of the terms, conditions, covenants, agreements and
      obligations set forth therein and applicable to the [Borrowers][Guarantors], [including, without limitation, the guaranty of the Obligations made by the Guarantors, jointly and severally with the other Loan Parties, in favor of the Agents and the
      Lenders pursuant to Article XI of the Financing Agreement]. The Additional [Borrower][Guarantor] hereby agrees that from and after the effective date of this Agreement, each reference to a [“Borrower”][“Guarantor”] or a “Loan Party” and each
      reference to the [“Borrowers”][“Guarantors”] or the “Loan Parties” in the Financing Agreement shall include the Additional [Borrower][Guarantor]. The Additional [Borrower][Guarantor] acknowledges that it has received a copy of the Financing Agreement
      and each other Loan Document and that it has read and understands the terms thereof.

   

  (b)         Attached hereto are supplements to each Schedule to the
      Financing Agreement revised to include all information required to be provided therein with respect to, and only with respect to, the Additional [Borrower][Guarantor]. The Schedules to the Financing Agreement shall, without further action, be amended
      to include the information contained in each such supplement.

   

  SECTION 3.      Effectiveness. This Agreement shall become
      effective upon its execution by the Additional [Borrower][Guarantor], each Borrower, each Guarantor and each Agent and receipt by the Agents of the following, in each case in form and substance reasonably satisfactory to the Agents:

   

  (a)         original counterparts to this Agreement, duly executed by each
      Borrower, each Guarantor, the Additional [Borrower][Guarantor] and the Agents, together with the Schedules referred to in Section 2(b) hereof;

   

  (b)       a Supplement to the Security Agreement, substantially in the form
      of Exhibit C to the Security Agreement (the “Security Agreement Supplement”), duly executed by the Additional [Borrower][Guarantor], and any instruments of assignment or other documents required to be delivered to the Agents pursuant
      to the terms thereof;

    

  
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  (c)         a Pledge Amendment to the Security Agreement to which the
      parent company of the Additional [Borrower][Guarantor] is a party, in substantially the form of Exhibit A to the Security Agreement, duly executed by such parent company and providing for all Equity Interests of the Additional
      [Borrower][Guarantor] to be pledged to the Collateral Agent pursuant to the terms thereof;

   

  (d)        (i) certificates, if any, representing 100% of the issued and
      outstanding Equity Interests of the Additional [Borrower][Guarantor] and each Subsidiary of the Additional [Borrower][Guarantor] and (ii) all original promissory notes of such Additional [Borrower][Guarantor], if any, in each case, that are required
      to be delivered under the Loan Documents, in each case, accompanied by instruments of assignment and transfer in such form as the Collateral Agent may reasonably request;

   

  (e)         to the extent required under the Financing Agreement, a
      Mortgage (the “Additional Mortgage”), duly executed by the Additional [Borrower][Guarantor], with respect to the real property owned or leased, as applicable, by the Additional [Borrower][Guarantor], together with all other applicable Real
      Property Deliverables, agreements, instruments and documents as the Collateral Agent may reasonably require, whether comparable to the documents required under Section 7.01(o) of the Financing Agreement or otherwise;

   

  (f)        (i) appropriate financing statements on Form UCC-1 duly filed in
      such office or offices as may be necessary or in the opinion of the Collateral Agent, desirable to perfect the security interests purported to be created by the Security Agreement Supplement and any Mortgage and (ii) evidence reasonably satisfactory
      to the Collateral Agent of the filing of such UCC-1 financing statements;

   

  (g)         a favorable written opinion of counsel to the Loan Parties as
      to such matters as the Agents may reasonably request; and

   

  (h)         such other agreements, instruments or other documents
      reasonably requested by the Collateral Agent in order to create, perfect, establish the first priority (subject to Permitted Liens) of or otherwise protect any Lien purported to be covered by the Security Agreement Supplement or any Additional
      Mortgage or otherwise to effect the intent that the Additional [Borrower][Guarantor] shall become bound by all of the terms, covenants and agreements contained in the Loan Documents and that all property and assets of such Subsidiary shall become
      Collateral for the Obligations free and clear of all Liens other than Permitted Liens.

   

  SECTION 4.      Notices, Etc. All notices and other communications
      provided for hereunder shall be in writing and shall be mailed (by certified mail, postage prepaid and return receipt requested), telecopied or delivered by hand, Federal Express or other reputable overnight courier, if to the Additional
      [Borrower][Guarantor], to it at its address set forth below its signature to this Agreement, and if to any Borrower, any Guarantor, any Lender or any Agent, to it at its address specified in the Financing Agreement or Joinder Agreement (as
      applicable); or as to any such Person at such other address as shall be designated by such Person in a written notice to such other Person, complying as to delivery with the terms of this Section 4. All such notices and other communications shall be
      effective in accordance with Section 12.01 of the Financing Agreement.

   

  
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  SECTION 5.      General Provisions. (a) Each Borrower, each
      Guarantor and the Additional [Borrower][Guarantor] hereby confirms that each representation and warranty made by it under the Loan Documents is true and correct in all material respects (except that such materiality qualifier shall not be applicable
      to any representations or warranties that already are qualified or modified as to “materiality” or “Material Adverse Effect” in the text thereof, which representations and warranties shall be true and correct in all respects subject to such
      qualification) on and as of such date as though made on and as of such date, except to the extent that any such representation or warranty expressly relates solely to an earlier date (in which case such representation or warranty shall be true and
      correct on and as of such earlier date), and that no Default or Event of Default has occurred or is continuing under the Financing Agreement. Each Borrower and each Guarantor and the Additional [Borrower][Guarantor] hereby represents and warrants
      that as of the date hereof there are no claims or offsets against or defenses or counterclaims to their respective obligations under the Financing Agreement or any other Loan Document.

   

  

  (b)          Except as supplemented hereby, the Financing Agreement and
      each other Loan Document shall continue to be, and shall remain, in full force and effect. This Agreement shall not be deemed (i) to be a waiver of, or consent to, or a modification or amendment of, any other term or condition of the Financing
      Agreement or any other Loan Document or (ii) to prejudice any right or rights which the Agents or the Lenders may now have or may have in the future under or in connection with the Financing Agreement or the other Loan Documents or any of the
      instruments or agreements referred to therein, as the same may be amended, restated, amended and restated, supplemented or otherwise modified from time to time, including any replacement instrument or agreement therefor.

   

  (c)        The Additional [Borrower][Guarantor] hereby expressly (i)
      authorizes the Collateral Agent to file appropriate financing statements or continuation statements, and amendments thereto, (including, without limitation, any such financing statements that indicate the Collateral as “all assets” or words of
      similar import) in such office or offices as may be necessary or in the opinion of the Collateral Agent, desirable to perfect the Liens to be created by the Security Agreement Supplement and each of the other Loan Documents and (ii) ratifies such
      authorization to the extent that the Collateral Agent has filed any such financing or continuation statements or amendments thereto prior to the date hereof. A photocopy or other reproduction of the Security Agreement Supplement or any financing
      statement covering the Collateral or any part thereof shall be sufficient as a financing statement where permitted by law. Each Borrower agrees to pay on demand all costs and expenses incurred by or on behalf of each Agent in connection with the
      negotiation, preparation, execution, delivery and performance of this Agreement, including, without limitation, the reasonable fees, costs, client charges and expenses of counsel for each Agent.

   

  (d)         This Agreement may be executed in any number of counterparts
      and by different parties hereto in separate counterparts, each of which shall be deemed to be an original, but all of which taken together shall constitute one and the same agreement. Delivery of an executed counterpart of this Agreement by
      telecopier or electronic transmission shall be equally as effective as delivery of an original executed counterpart of this Agreement. Any party delivering an executed counterpart of this Agreement by telecopier or electronic transmission also shall
      deliver an original executed counterpart of this Agreement but the failure to deliver an original executed counterpart shall not affect the validity, enforceability and binding effect of this Agreement.

   

  (e)         Section headings in this Agreement are included herein for the
      convenience of reference only and shall not constitute a part of this Agreement for any other purpose.

   

  
    - 4 -

    
      
 

  

  

  (f)           ANY LEGAL ACTION OR PROCEEDING WITH RESPECT TO THIS AGREEMENT
      MAY BE BROUGHT IN THE COURTS OF THE STATE OF NEW YORK IN THE COUNTY OF NEW YORK OR OF THE UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF NEW YORK, AND BY EXECUTION AND DELIVERY OF THIS AGREEMENT, THE ADDITIONAL [BORROWER][GUARANTOR] AND
      EACH OTHER LOAN PARTY HEREBY IRREVOCABLY ACCEPTS IN RESPECT OF ITS PROPERTY, GENERALLY AND UNCONDITIONALLY, THE JURISDICTION OF THE AFORESAID COURTS. THE ADDITIONAL [BORROWER][GUARANTOR] AND EACH OTHER LOAN PARTY HEREBY IRREVOCABLY CONSENTS TO THE
      SERVICE OF PROCESS OUT OF ANY OF THE AFOREMENTIONED COURTS AND IN ANY SUCH ACTION OR PROCEEDING BY ANY MEANS PERMITTED BY APPLICABLE LAW, INCLUDING, WITHOUT LIMITATION, BY THE MAILING OF COPIES THEREOF BY REGISTERED OR CERTIFIED MAIL, POSTAGE
      PREPAID, TO THE ADMINISTRATIVE BORROWER AT ITS ADDRESS FOR NOTICES AS SET FORTH IN THE FINANCING AGREEMENT AND TO THE SECRETARY OF STATE OF THE STATE OF NEW YORK, SUCH SERVICE TO BECOME EFFECTIVE 10 DAYS AFTER SUCH MAILING. THE ADDITIONAL
      [BORROWER][GUARANTOR] AND EACH OTHER LOAN PARTY AGREE 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 HEREIN
      SHALL AFFECT THE RIGHT OF THE AGENTS AND THE LENDERS TO SERVICE OF PROCESS IN ANY OTHER MANNER PERMITTED BY LAW OR TO COMMENCE LEGAL PROCEEDINGS OR OTHERWISE PROCEED AGAINST THE ADDITIONAL [BORROWER][GUARANTOR] OR ANY OTHER LOAN PARTY IN ANY OTHER
      JURISDICTION. THE ADDITIONAL [BORROWER][GUARANTOR] AND EACH OTHER LOAN PARTY HEREBY EXPRESSLY AND IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY LAW, ANY OBJECTION WHICH IT MAY NOW OR HEREAFTER HAVE TO THE JURISDICTION OR LAYING OF VENUE OF
      ANY SUCH LITIGATION BROUGHT IN ANY SUCH COURT REFERRED TO ABOVE AND ANY CLAIM THAT ANY SUCH LITIGATION HAS BEEN BROUGHT IN AN INCONVENIENT FORUM. TO THE EXTENT THAT ANY LOAN PARTY HAS OR HEREAFTER MAY ACQUIRE ANY IMMUNITY FROM JURISDICTION OF ANY
      COURT OR FROM ANY LEGAL PROCESS (WHETHER THROUGH SERVICE OR NOTICE, ATTACHMENT PRIOR TO JUDGMENT, ATTACHMENT IN AID OF EXECUTION OR OTHERWISE) WITH RESPECT TO ITSELF OR ITS PROPERTY, EACH LOAN PARTY HEREBY IRREVOCABLY WAIVES SUCH IMMUNITY IN RESPECT
      OF ITS OBLIGATIONS UNDER THIS AGREEMENT.

   

  (g)           THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN
      ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK APPLICABLE TO CONTRACTS MADE AND TO BE PERFORMED IN THE STATE OF NEW YORK.

   

  (h)         THE ADDITIONAL [BORROWER][GUARANTOR], EACH OTHER LOAN PARTY,
      EACH AGENT AND EACH LENDER HEREBY WAIVES ANY RIGHT TO A TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM CONCERNING ANY RIGHTS UNDER THIS AGREEMENT, OR UNDER ANY AMENDMENT, WAIVER, CONSENT, INSTRUMENT, DOCUMENT OR OTHER AGREEMENT DELIVERED OR
      WHICH IN THE FUTURE MAY BE DELIVERED IN CONNECTION THEREWITH, AND AGREES THAT ANY SUCH ACTION, PROCEEDINGS OR COUNTERCLAIM SHALL BE TRIED BEFORE A COURT AND NOT BEFORE A JURY. THE ADDITIONAL [BORROWER][GUARANTOR] AND EACH LOAN PARTY CERTIFIES THAT NO
      OFFICER, REPRESENTATIVE, AGENT OR ATTORNEY OF ANY AGENT OR ANY LENDER HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT ANY AGENT OR ANY LENDER WOULD NOT, IN THE EVENT OF ANY ACTION, PROCEEDING OR COUNTERCLAIM, SEEK TO ENFORCE THE FOREGOING WAIVERS. THE
      ADDITIONAL [BORROWER][GUARANTOR] AND EACH LOAN PARTY HEREBY ACKNOWLEDGES THAT THIS PROVISION IS A MATERIAL INDUCEMENT FOR THE AGENTS AND THE LENDERS ENTERING INTO THIS AGREEMENT.

   

  
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  (i)          This Agreement, together with the Financing Agreement and the
      other Loan Documents, reflects the entire understanding of the parties with respect to the transactions contemplated hereby and thereby and shall not be contradicted or qualified by any other agreement, oral or written, before the date hereof.

   

  (j)          This Agreement constitutes a “Loan Document” under and as
      defined in the Financing Agreement and is subject to the terms and provisions therein regarding Loan Documents.

   

  [Remainder of page left intentionally blank.]

   

  
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  IN WITNESS WHEREOF, the parties hereto have caused this Agreement to
      be executed by their respective officers thereunto duly authorized, as of the date first above written.

   

  

  	 	BORROWERS:
	 	 	 	 
	 	OBAGI COSMECEUTICALS LLC
	 	 	 	 
	 	By: 	      
	 	 	Name: 	                          
	 	 	Title:	          

    

  	 	[________________________________________________________]

  

  	 	 	 	 
	 	By: 	      
	 	 	Name: 	                          
	 	 	Title:	          

   

  	 	GUARANTORS:
	 	 	 	 
	 	OBAGI HOLDINGS COMPANY LIMITED
	 	 	 	 
	 	By: 	      
	 	 	Name: 	                          
	 	 	Title:	          

    

  	 	OBAGI GLOBAL HOLDINGS LIMITED
	 	 	 	 
	 	By: 	      
	 	 	Name: 	                          
	 	 	Title:	          

  

  

   

  

  	 	CLINACTIV TECHNOLOGY LIMITED
	 	 	 	 
	 	By: 	      
	 	 	Name: 	                          
	 	 	Title:	          

  

   

  [Signature Page to Joinder Agreement]

   

  
     

    
      
 

  

  

  	 	CLINACTIV (US) LLC
	 	 	 	 
	 	By: 	      
	 	 	Name: 	                          
	 	 	Title:	          

  

  

   

  [Signature Page to Joinder Agreement]

   

  
     

    
      
 

  

  

  	 	COLLATERAL AGENT:
	 	 	 	 
	 	TCW ASSET MANAGEMENT COMPANY LLC
	 	 	 	 
	 	By: 	      
	 	 	Name: 	                          
	 	 	Title:	          

  

    

  [Signature Page to Joinder Agreement]

   

  
     

    
      
 

  

  

  	 	ADDITIONAL [BORROWER][GUARANTOR]:
	 	 
	 	[________________________________________________________]

   

  

  	 	By: 	      
	 	 	Name: 	                          
	 	 	Title:	          

   

  [Signature Page to Joinder Agreement]

   

  
     

    
      
 

  

  EXHIBIT B

   

  FORM OF ASSIGNMENT AND ACCEPTANCE AGREEMENT

   

  THIS ASSIGNMENT AND ACCEPTANCE AGREEMENT (“Assignment Agreement”) is entered into as
      of [_____] [__], 20[__] between [___________] (“Assignor”) and [______________] (“Assignee”). Reference is made to the agreement described in Item 2 of Annex I annexed hereto (as amended, restated, amended
      and restated, modified or otherwise supplemented from time to time, the “Financing Agreement”). Capitalized terms used herein and not otherwise defined shall have the meanings ascribed to them in the Financing Agreement.

   

  1.           In accordance with the terms and conditions of Section 12.07
      of the Financing Agreement, the Assignor hereby irrevocably sells, transfers, conveys and assigns without recourse, representation or warranty (except as expressly set forth herein) to the Assignee, and the Assignee hereby irrevocably purchases and
      assumes from the Assignor, that interest in and to the Assignor’s rights and obligations under the Loan Documents with respect to the Obligations owing to the Assignor, and the Assignor’s portion of the Commitments and the Loans as specified on Annex

        I.

   

  2.           The Assignor (a) represents and warrants that (i) it is the
      legal and beneficial owner of the interest being assigned by it hereunder and that such interest is free and clear of any adverse claim, and (ii) it has full power and authority, and has taken all action necessary, to execute and deliver this
      Assignment Agreement and to consummate the transactions contemplated hereby; (b) makes no representation or warranty and assumes no responsibility with respect to any statements, warranties or representations made in or in connection with the Loan
      Documents or the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Loan Documents or any other instrument or document furnished pursuant thereto; and (c) makes no representation or warranty and assumes no
      responsibility with respect to the financial condition of any Loan Party or the performance or observance by any Loan Party of any of its obligations under the Loan Documents or any other instrument or document furnished pursuant thereto.

   

  3.           The Assignee (a) confirms that it has received copies of the
      Financing Agreement and the other Loan Documents, together with copies of the financial statements referred to therein and such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into
      this Assignment Agreement; (b) agrees that it will, independently and without reliance upon the Administrative Agent, the Collateral Agent, the Assignor or any other Lender, based on such documents and information as it shall deem appropriate at the
      time, continue to make its own credit decisions in taking or not taking action under the Loan Documents; (c) confirms that it is eligible as an assignee under the terms of the Financing Agreement; (d) appoints and authorizes each of the
      Administrative Agent and the Collateral Agent to take such action as the Administrative Agent or the Collateral Agent (as the case may be) on its behalf and to exercise such powers under the Loan Documents as are delegated to the Administrative Agent
      or the Collateral Agent (as the case may be) by the terms thereof, together with such powers as are reasonably incidental thereto; (e) agrees that it will perform in accordance with their terms all of the obligations which by the terms of the Loan
      Documents are required to be performed by it as a Lender; and (f) attaches the forms prescribed by the Internal Revenue Service of the United States certifying as to the Assignee’s status for purposes of determining exemption from United States
      withholding taxes with respect to all payments to be made to the Assignee under the Financing Agreement or such other documents as are necessary to indicate that all such payments are subject to such rates at a rate reduced by an applicable tax
      treaty.

   

  
     

    
      
 

  

  4.           Following the execution of this Assignment Agreement by the
      Assignor and the Assignee, it will be delivered by the Assignor to the Agents for recording by the Administrative Agent. The effective date of this Assignment Agreement (the “Settlement Date”) shall be the latest of (a) the date of the
      execution hereof by the Assignor and the Assignee, (b) the date this Assignment Agreement has been accepted by the Collateral Agent (and the Administrative Agent if required by the Financing Agreement) and recorded in the Register by the
      Administrative Agent, (c) the date of receipt by the Collateral Agent of a processing and recordation fee in the amount of $5,0001, (d) the settlement date specified on
      Annex I, and (e) the receipt by Assignor of the Purchase Price specified in Annex I.

   

  5.           As of the Settlement Date (a) the Assignee shall be a party to
      the Financing Agreement and, to the extent of the interest assigned pursuant to this Assignment Agreement, have the rights and obligations of a Lender thereunder and under the other Loan Documents, and (b) the Assignor shall, to the extent of the
      interest assigned pursuant to this Assignment Agreement, relinquish its rights and be released from its obligations under the Financing Agreement and the other Loan Documents.

   

  6.           Upon recording by the Administrative Agent, from and
      after the Settlement Date, the Administrative Agent shall make all payments under the Financing Agreement and the other Loan Documents in respect of the interest assigned hereby (including, without limitation, all payments of principal, interest and
      commitment fees (if applicable) with respect thereto) to the Assignee. The Assignor and the Assignee shall make all appropriate adjustments in payments under the Financing Agreement and the other Loan Documents for periods prior to the Settlement
      Date directly between themselves on the Settlement Date.

   

  7.           THIS ASSIGNMENT AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED
      AND ENFORCED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK APPLICABLE TO CONTRACTS MADE AND TO BE PERFORMED IN THE STATE OF NEW YORK.

   

  8.           EACH PARTY HERETO HEREBY WAIVES ANY RIGHT TO A TRIAL
      BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM BASED UPON OR ARISING OUT OF THIS ASSIGNMENT AGREEMENT OR ANY OF THE TRANSACTIONS RELATED HERETO, AND AGREES THAT ANY SUCH ACTION, PROCEEDING OR COUNTERCLAIM SHALL BE TRIED BEFORE A COURT AND NOT
      BEFORE A JURY.

   

  9.           This Assignment Agreement may be executed in any
      number of counterparts and by different parties hereto in separate counterparts, each of which when so executed and delivered shall be deemed an original, but all of which taken together shall constitute one and the same agreement. Delivery of an
      executed counterpart of this Assignment Agreement by facsimile or electronic mail shall be equally effective as delivery of an original executed counterpart.

   

  10.          This Assignment Agreement constitutes a “Loan
      Document” under and as defined in the Financing Agreement and is subject to the terms and provisions therein regarding Loan Documents.

   

  [Remainder of page left intentionally blank.]

    

  
  
     

  

  
  

  1 The

      payment of such fee shall not be required in connection with an assignment by a Lender to a Lender, an Affiliate of such Lender or a Related Fund of such Lender.

   

  
     

    
      
 

  

  IN WITNESS WHEREOF, the parties hereto have caused this Assignment
      Agreement to be executed and delivered by their respective officers thereunto duly authorized, as of the date first above written.

   

  	 	ASSIGNOR
	 	 	 	 
	 	[NAME OF ASSIGNOR], as Assignor
	 	 	 	 
	 	By: 	      
	 	 	Name: 	                          
	 	 	Title:	          
	 	 	Date:	 

  

  

   

  

  	 	ASSIGNEE
	 	 	 	 
	 	[NAME OF ASSIGNEE], as Assignee
	 	 	 	 
	 	By: 	      
	 	 	Name: 	                          
	 	 	Title:	          
	 	 	Date:	 

  

  

   

  [Signature Page to Assignment and Acceptance Agreement]

   

  
     

    
      
 

  

  

  	ACCEPTED AND CONSENTED TO this [___] day 
	of [_______], 20[__]	 
	 	 	 
	[[TCW ASSET MANAGEMENT LLC],	 
	as Collateral Agent	 
	 	 	 
	By:		 
	 	Name:	 
	 	Title:	 
	 	 	 
	[TCW ASSET MANAGEMENT LLC],	 
	as Administrative Agent	 
	 	 	 
	By:		 
	 	Name:	 
	 	Title:]2	 
	 	 	 
	[[OBAGI COSMECEUTICALS LLC],	 
	as Administrative Borrower	 
	 	 	 
	By:	 	 
	 	Name:	 
	 	Title:]3	 

   

  
  
     

  

  
  

  		2	Insert if required by the Financing Agreement

   

  		3	Insert if required by the Financing Agreement

   

  [Signature Page to Assignment and Acceptance Agreement]

   

  
     

    
      
 

  

  ANNEX FOR ASSIGNMENT AND ACCEPTANCE 

   

  ANNEX I 

   

  	1.	Administrative Borrower: OBAGI COSMECEUTICALS LLC, a Delaware limited liability company	 
	 	 	 
	2.	Name and Date of Financing Agreement: Financing Agreement, dated as of March 16, 2021 (as the same may be amended, restated, amended and restated, supplemented or otherwise modified from time to time, including any
          replacement agreement therefor, the “Financing Agreement”), by and among Obagi Global Holdings Limited, an exempted company incorporated under the laws of the Cayman Islands with limited liability (the “Ultimate Parent”), Obagi
          Holdings Company Limited, an exempted company incorporated under the laws of the Cayman Islands with limited liability (the “Parent”), Obagi Cosmeceuticals LLC, a Delaware limited liability company (together with each other Person that
          executes a joinder agreement and becomes a “Borrower” thereunder, each a “Borrower” and collectively, the “Borrowers”), each subsidiary of the Ultimate Parent listed as a “Guarantor” on the signature pages thereto (together
          with the Ultimate Parent, the Parent and each other Person that executes a joinder agreement and becomes a “Guarantor” thereunder, or otherwise guaranties all or any part of the Obligations (as thereinafter defined) each, a “Guarantor”
          and, collectively, the “Guarantors”), the lenders from time to time party thereto (each, a “Lender” and, collectively, the “Lenders”), TCW Asset Management Company LLC, a Delaware limited liability company (“TCW”), as
          collateral agent for the Lenders (in such capacity, together with its successors and assigns in such capacity, the “Collateral Agent”), and TCW, as administrative agent for the Lenders (in such capacity, together with its successors and
          assigns in such capacity, the “Administrative Agent” and, together with the Collateral Agent, each, an “Agent” and collectively, the “Agents”).	 
	 	 	 
	3.	Date of Assignment Agreement:	$ ___________________
	 	 	 
	4.	Amount of Revolving Credit Commitment Assigned:	$ ___________________
	 	 	 
	5.	Amount of Term Loan Commitment Assigned:	$ ___________________
	 	 	 
	6.	Amount of Term Loan Assigned:	$ ___________________
	 	 	 
	7.	Amount of Revolving Loan Assigned:	$ ___________________
	 	 	 
	8.	Purchase Price:	$ ___________________
	 	 	 
	9.	Settlement Date:	$ ___________________
	 	 	 
	10.	Notice and Payment Instructions, etc.	$ ___________________

  
     

    
      
 

  

  	Assignee:	 	Assignor:
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	Attn:	 	 	 	Attn:	 	 
	Fax No.:	 	 	Fax No.:	 
	 	 	 
	Bank Name:	 	Bank Name:
	ABA Number:	 	ABA Number:
	Account Name:	 	Account Name:
	Account Number:	 	Account Number:
	Sub-Account Name:	 	Sub-Account Name:
	Sub-Account Number:	 	Sub-Account Number:
	Reference:	 	Reference:
	Attn:	 	Attn:

  
     

    
      
 

  

  EXHIBIT C 

   

  FORM OF NOTICE OF BORROWING 

   

  [LETTERHEAD OF THE BORROWER]

   

  [___________] [__], 20[_]

   

  TCW Asset Management Company LLC, as Administrative Agent

    for the Lenders party to the Financing Agreement referred to below

    1251 Avenue of the Americas, Suite 4700

    New York, NY 10020

    Attention: Ryan Carroll

    Telephone: 212.771.4271

    Email: Ryan.Carroll@tcw.com; tcw@alterdomus.com

   

  Ladies and Gentlemen:

   

  The undersigned, Obagi Cosmeceuticals LLC, a Delaware limited liability company (the “Borrower”), (i) refers to that certain Financing
    Agreement, dated as of the date hereof (as the same may be amended, restated, amended and restated, supplemented or otherwise modified from time to time, including any replacement agreement therefor, the “Financing Agreement”), by and among
    Obagi Global Holdings Limited, an exempted company incorporated under the laws of the Cayman Islands with limited liability (the “Ultimate Parent”), Obagi Holdings Company Limited, an exempted company incorporated under the laws of the Cayman
    Islands with limited liability (the “Parent”), the Borrower (together with each other Person that executes a joinder agreement and becomes a “Borrower” thereunder, each a “Borrower” and collective, the “Borrowers”), each subsidiary
    of the Ultimate Parent listed as a “Guarantor” on the signature pages thereto (together with the Ultimate Parent, the Parent and each other Person that executes a joinder agreement and becomes a “Guarantor” thereunder, each a “Guarantor” and,
    collectively, the “Guarantors”), the lenders from time to time party thereto (collectively, the “Lenders”), TCW Asset Management Company LLC, a Delaware limited liability company (“TCW”) , as collateral agent for the Lenders (in
    such capacity, together with its successors and assigns, the “Collateral Agent”), and TCW as administrative agent for the Lenders (in such capacity, together with its successors and assigns, the “Administrative Agent”, and, together with
    the Collateral Agent, each, an “Agent” and, collectively, the “Agents”) and (ii) hereby gives you notice pursuant to Section 2.02 of the Financing Agreement that the undersigned hereby requests a Loan under the Financing Agreement (the “Proposed

      Loan”), and in connection therewith sets forth below the information relating to such Proposed Loan as required by Section 2.02 of the Financing Agreement. All capitalized terms used but not defined herein have the same meanings herein as set
    forth in the Financing Agreement.

   

  		a.	The borrowing date of the Proposed Loan is [_________] (the “Proposed Borrowing Date”).

   

  		b.	The Proposed Loan is a [Term Loan] [Revolving Loan].

   

  		c.	The aggregate principal amount of the Proposed Loan is $_________.

  
     

    
      
 

  

  
  		d.	The Proposed Loan shall be a [Reference Rate Loan][LIBOR Rate Loan with an Interest Period of [one][two][three] month(s)].

   

  		e.	The proceeds of the Proposed Loan are to be disbursed pursuant to the instructions set forth on Exhibit A attached hereto.

   

  The undersigned certifies as of the date of this notice and as of the date the Proposed Loan is made that (i) the representations and warranties
    contained in the Article VI of the Financing Agreement and in each other Loan Document are true and correct [in all material respects (except that such materiality qualifier shall not be applicable to any representations or warranties that already are
    qualified or modified as to materiality or “Material Adverse Effect” in the text thereof, which representations and warranties shall be true and correct in all respects subject to such qualification)]4 on and as of the Proposed Borrowing Date, except to the extent that any such representation or warranty expressly relates solely to an earlier date (in which case such representation or warranty shall be true and
    correct on and as of such earlier date), (ii) no Default or Event of Default shall have occurred and be continuing on the Proposed Borrowing Date or would result from the Financing Agreement or any other Loan Documents becoming effective in accordance
    with its or their respective terms or the making of the Proposed Loan and (iii) all applicable conditions set forth in Section 5.02 of the Financing Agreement shall have been satisfied or waived in writing by the applicable Lenders as of the Proposed
    Borrowing Date.

   

  [signature page follows]

   

  
  
     

  

  
  4 For borrowing requests made
    after the Effective Date.

  
    2

    
      
 

  

  	 	Very truly yours,
	 	 
	 	OBAGI COSMECEUTICALS LLC,

          as Borrower
	 	 
	 	By:	                
	 	Name:

          Title:

   

  [Signature Page to Notice of Borrowing]

  
     

    
      
 

  

  EXHIBIT A

   

  WIRING INSTRUCTIONS

   

  	Payee	 	Wiring Instructions
	[____________________________]		Bank:
	 	 	[City/State]
	 	 	ABA#
	 	 	Account #
	 	 	Ref:

  
     

    
      
 

  

  EXHIBIT D 

   

  FORM OF LIBOR NOTICE 

   

  [LETTERHEAD OF BORROWERS]

      [DATE] 

   

  TCW Asset Management Company LLC, as Administrative Agent

    for the Lenders party to the Financing Agreement referred to below

    1251 Avenue of the Americas, Suite 4700

    New York, NY 10020

    Attention: Ryan Carroll

    Telephone: 212.771.4271

    Email: Ryan.Carroll@tcw.com; tcw@alterdomus.com

   

  Ladies and Gentlemen:

  Reference is made to that certain Financing Agreement, dated as of March 16, 2021 (as the same may be amended, restated, amended and restated,
    supplemented or otherwise modified from time to time, including any replacement agreement therefor, the “Financing Agreement”), by and among Obagi Global Holdings Limited, an exempted company incorporated under the laws of the Cayman Islands
    with limited liability (the “Ultimate Parent”), Obagi Holdings Company Limited, an exempted company incorporated under the laws of the Cayman Islands with limited liability (the “Parent”), Obagi Cosmeceuticals LLC, a Delaware limited
    liability company (together with each other Person that executes a joinder agreement and becomes a “Borrower” thereunder, each a “Borrower” and collectively, the “Borrowers”), each subsidiary of the Ultimate Parent listed as a “Guarantor”
    on the signature pages thereto (together with the Ultimate Parent, the Parent and each other Person that executes a joinder agreement and becomes a “Guarantor” thereunder, each, a “Guarantor” and, collectively, the “Guarantors”), the
    lenders from time to time party thereto (each, a “Lender” and, collectively, the “Lenders”), TCW Asset Management Company LLC, a Delaware limited liability company (“TCW”), as collateral agent for the Lenders (in such capacity,
    together with its successors and assigns in such capacity, the “Collateral Agent”), and TCW, as administrative agent for the Lenders (in such capacity, together with its successors and assigns in such capacity, the “Administrative Agent”
    and, together with the Collateral Agent, each an “Agent” and, collectively, the “Agents”). Capitalized terms used herein and not otherwise defined herein shall have the meanings ascribed to them in the Financing Agreement.

   

  This LIBOR Notice represents the Borrowers’ request to [convert into] [continue as] [LIBOR Rate Loans] [Reference Rate Loans] $[________] of the
    outstanding principal amount of the [Term Loan] [Revolving Loans] (the “Requested LIBOR Rate Loan”)[, and is a written confirmation of the telephonic notice of such election previously given to the Administrative Agent].

   

  [Such Requested LIBOR Rate Loan will have an Interest Period of [1] [2] [3] month(s), commencing on ____________.]

   

  [This LIBOR Notice further confirms each Borrower’s acceptance, for purposes of determining the rate of interest based on the LIBOR Rate under the
    Financing Agreement, of the LIBOR Rate as determined pursuant to the Financing Agreement.]

  S

  

  [signature page follows]

  
     

    
      
 

  

  The undersigned certifies that (i) the representations and warranties contained in Article VI of the Financing Agreement and in each other Loan
    Document, certificate or other writing delivered to any Agent or any Lender pursuant thereto on or prior to the date of the [conversion] [continuation] of the Requested LIBOR Rate Loan are true and correct in all material respects (except that such
    materiality qualifier shall not be applicable to any representations or warranties that already are qualified or modified as to “materiality” or “Material Adverse Effect” in the text thereof, which representations and warranties shall be true and
    correct in all respects subject to such qualification) on and as of such date as though made on and as of such date, except to the extent that any such representation or warranty expressly relates solely to an earlier date (in which case such
    representation or warranty shall be true and correct on and as of such earlier date) and (ii) no Default or Event of Default has occurred and is continuing or would result from the [conversion] [continuation] of the Requested LIBOR Rate Loan.

   

  	 	OBAGI COSMECEUTICALS LLC
	 	 
	 	By:	 
	 	 	Name:	 
	 	 	Title:	 

   

  [Signature Page to LIBOR Notice]

  
     

    
      
 

  

  EXHIBIT E 

   

  FORM OF COMPLIANCE CERTIFICATE

   

  OBAGI GLOBAL HOLDINGS LIMITED 

   

  TCW Asset Management Company LLC, as Administrative Agent

    for the Lenders party to the Financing Agreement referred to below

    1251 Avenue of the Americas, Suite 4700

    New York, NY 10020

    Attention: Ryan Carroll

    Telephone: 212.771.4271

    Email: Ryan.Carroll@tcw.com; tcw@alterdomus.com

   

  		Re:	Compliance Certificate dated [_________] [__], 20[__]

   

  Ladies and Gentlemen:

   

  Reference is made to that certain Financing Agreement, dated as of March 16, 2021 (as the same may be amended, restated, supplemented or otherwise
    modified from time to time, including any replacement agreement therefor, the “Financing Agreement”), by and among Obagi Global Holdings Limited, an exempted company incorporated under the laws of the Cayman Islands with limited liability (the “Ultimate

      Parent”), Obagi Holdings Company Limited, an exempted company incorporated under the laws of the Cayman Islands with limited liability (the “Parent”), Obagi Cosmeceuticals LLC, a Delaware limited liability company (together with each other
    Person that executes a joinder agreement and becomes a “Borrower” thereunder, each a “Borrower” and collectively, the “Borrowers”), each subsidiary of the Ultimate Parent listed as a “Guarantor” on the signature pages thereto
    (together with the Ultimate Parent, the Parent and each other Person that executes a joinder agreement and becomes a “Guarantor” thereunder, each, a “Guarantor” and, collectively, the “Guarantors”), the lenders from time to time party
    thereto (together with its successors and permitted assigns, individually, the “Lender” and, collectively, the “Lenders”), TCW Asset Management Company LLC, a Delaware limited liability company (“TCW”), as collateral agent for the
    Lenders (in such capacity, together with its successors and assigns in such capacity, the “Collateral Agent”), and, TCW, as administrative agent for the Lenders (in such capacity, together with its successors and assigns in such capacity, the “Administrative

      Agent” and, together with the Collateral Agent, each, an “Agent” and, collectively, the “Agents”). Capitalized terms used in this Compliance Certificate have the meanings set forth in the Financing Agreement unless specifically
    defined herein.

   

  Pursuant to the terms of the Financing Agreement, the undersigned officer of the Ultimate Parent hereby certifies, in such official capacity only and not in his/her
    individual capacity, that:

   

  1.           The financial statements of the Parent and its Subsidiaries furnished in Schedule 1 hereto pursuant to Section 7.01(a) of the
    Financing Agreement fairly present, in all material respects, the financial position of the Parent and its Subsidiaries as of the end of the period covered by such financial statements and the results of operations, retained earnings and cash flows of
    the Parent and its Subsidiaries for such period, in each case, in accordance with GAAP applied in a manner consistent with that of the most recent audited financial statements of the Parent and its Subsidiaries furnished to the Agents and the Lenders,
    subject to normal year-end adjustments and the absence of footnotes.

  
     

    
      
 

  

  2.           I have reviewed the provisions of the Financing Agreement and the other Loan Documents and have made, or caused to be made under my
    supervision, a review of the condition and operations of the Ultimate Parent and its Subsidiaries during the period covered by the financial statements delivered pursuant to Section 7.01(a) of the Financing Agreement with a view to determining whether
    the Ultimate Parent and its Subsidiaries were in compliance with all of the provisions of the Financing Agreement and the other Loan Documents during such period.

   

  3.         Such review has not disclosed the occurrence and continuance during such period, and I have no knowledge of the occurrence and
    continuance during such period, of a Default or Event of Default, except as listed on Schedule 2 hereto, describing the nature and period of existence thereof and the action the Ultimate Parent and its Subsidiaries have taken, are taking, or
    propose to take with respect thereto.

   

  4.         [The Parent and its Subsidiaries are in compliance with the applicable covenants contained in Section 7.03 of the Financing Agreement
    as demonstrated on Schedule 3 hereto.]5

   

  5.         [Set forth on Schedule 4 hereto, is a discussion and analysis of the financial condition and results of operations of the
    Parent and its Subsidiaries for the portion of the Fiscal Year elapsed as of the date hereof and discussing the reasons for any significant variations from the financial projections for such period and the figures for the corresponding period in the
    previous Fiscal Year.]6

   

  6.         [Set forth on Schedule 5 hereto, is a summary of all material insurance coverage maintained as of the date hereof by any Loan
    Party or any of its Subsidiaries and evidence that such insurance coverage meets the requirements set forth in Section 7.01 of the Financing Agreement, each Security Agreement and each Mortgage, together with such other related documents and
    information as the Administrative Agent has reasonably required.]7

   

  7.         [Set forth on Schedule 6 hereto, is the calculation of the Excess Cash Flow in accordance with the terms of Section
    2.05(c)(i) of the Financing Agreement.]8

   

  8.         [There have been no changes to the information contained in the Perfection Certificate delivered on the Effective Date or the date of
    the most recently updated Perfection Certificate delivered pursuant to Section 7.01(a)(iv) of the Financing Agreement, except as contained in the updated Perfection Certificate attached hereto as Schedule 7.]9

   

  
  
     

  

  
  5 To be included in certificates delivered pursuant to Sections 7.01(a)(i) and (ii).

   

  6 To be included in certificates delivered pursuant to Sections 7.01(a)(ii) and (iii).

   

  7 To be included in certificates delivered pursuant to Section 7.01(a)(iii).

   

  8 To be included in certificates delivered pursuant to Section 7.01(a)(iii).

   

  9 To be included in certificates delivered pursuant to Section 7.01(a)(iii).

  
     

    
      
 

  

  This Compliance Certificate is a Loan Document and is subject to the terms and provisions in the Financing Agreement regarding Loan Documents. To
    the extent the provisions set forth in this Compliance Certificate conflict with any provision in the Financing Agreement, the Financing Agreement shall govern.

   

  [signature page follows]

  
     

    
      
 

  

  IN WITNESS WHEREOF, this Compliance Certificate is duly executed by the undersigned as of the date first above written.

   

  	 	OBAGI GLOBAL HOLDINGS LIMITED, as Ultimate Parent
	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 

   

  [Signature Page to Compliance Certificate]

  
     

    
      
 

  

  SCHEDULE 1

   

  Financial Statements

   

  [See Attached]

  
     

    
      
 

  

  SCHEDULE 2 

   

  Default or Event of Default 

   

  [See Attached]

  
     

    
      
 

  

  SCHEDULE 3 

   

  Financial Covenants 

   

  		1.	Leverage Ratio. 

   

  Parent and its Subsidiaries’ Leverage Ratio, measured on a [fiscal quarter-end basis], for the period of [four consecutive fiscal quarters] of the
    Parent and its Subsidiaries ended on [_________], [________] is __:1.0, which [is/is not] less than or equal to the ratio set forth in Section 7.03(b) of the Financing Agreement for the corresponding period.

   

  		2.	Fixed Charge Coverage Ratio. 

   

  Parent and its Subsidiaries’ Fixed Charge Coverage Ratio, measured on a [fiscal quarter-end basis], for the period of [four consecutive fiscal
    quarters] of the Parent and its Subsidiaries ended on [_________], [________] is ___:1.0, which [is/is not] greater than or equal to the ratio set forth in Section 7.03(c) of the Financing Agreement for the corresponding period.

  
     

    
      
 

  

  SCHEDULE 4 

   

  Discussion and Analysis 

   

  [See Attached]

  
     

    
      
 

  

  SCHEDULE 5 

   

  Material Insurance Coverage 

   

  [See Attached]

  
     

    
      
 

  

  SCHEDULE 6 

   

  Calculation of Excess Cash Flow 

   

  [See Attached]

  
     

    
      
 

  

  SCHEDULE 7 

   

  Updated Perfection Certificate 

   

  [See Attached]

  
     

    
      
 

  

  EXHIBIT F 

   

  FORM OF [TERM][REVOLVING] LOAN NOTE 

   

  	$[__________________]	 	[_____________] [__], 20[__]

   

  FOR VALUE RECEIVED, Obagi Cosmeceuticals LLC, a Delaware limited liability company (together with each
    other Person that executes a joinder agreement and becomes a “Borrower” under the Financing Agreement (as defined below), each a “Borrower” and collectively, the “Borrowers”)), hereby [jointly and severally] unconditionally promise[s] to
    pay to the order of [__________________] (together with its successors and assigns, the “Lender”) the principal amount of [_____________] DOLLARS AND [_______] CENTS ($[__________]) or, if less, the aggregate unpaid principal amount of the
    [Revolving Loans][Term Loan] made by the Lender to the Borrowers under that certain Financing Agreement, dated as of March 16, 2021 (including all annexes, exhibits and schedules thereto, as from time to time amended, restated, amended and restated,
    supplemented or otherwise modified from time to time, including any replacement agreement therefor, being hereinafter referred to as the “Financing Agreement”), by and among the Borrower and the other Borrowers from time to time party thereto,
    Obagi Global Holdings Limited, an exempted company incorporated under the laws of the Cayman Islands with limited liability (the “Ultimate Parent”), Obagi Holdings Company Limited, an exempted company incorporated under the laws of the Cayman
    Islands with limited liability (the “Parent”), each subsidiary of the Ultimate Parent listed as a “Guarantor” on the signature pages thereto (together with the Ultimate Parent, the Parent and each other Person that executes a joinder
    agreement and becomes a “Guarantor” thereunder or otherwise guaranties all or any part of the Obligations (as defined therein), each, a “Guarantor” and, collectively, the “Guarantors”), the lenders from time to time party thereto, TCW
    Asset Management Company LLC, a Delaware limited liability company (“TCW”), as collateral agent for the Lenders (in such capacity, together with its successors and assigns in such capacity, the “Collateral Agent”), and TCW, as
    administrative agent for the Lenders (in such capacity, together with its successors and assigns in such capacity, the “Administrative Agent” and together with the Collateral Agent, each an “Agent” and collectively, the “Agents”).
    This Note is one of the promissory notes referred to in the Financing Agreement. Any capitalized term used herein and not defined herein shall have the meaning assigned to it in the Financing Agreement.

   

  Until maturity (whether by acceleration or otherwise), interest shall accrue and be payable on the outstanding principal balance hereof at the per
    annum rates of interest set forth in the Financing Agreement. In accordance with the provisions of the Financing Agreement, upon the occurrence and during the continuance of an Event of Default, interest shall accrue at a rate per annum equal at all
    times to the Post-Default Rate. The Post-Default Rate shall apply both before and after any judgment or arbitration decision, until the Lender receives full payment in costs. All amounts payable by the Borrower[s] hereunder shall be paid in accordance
    with the terms and conditions of the Financing Agreement in immediately available funds.

   

  [Each] [The] Borrower hereby waives the requirements of demand, presentment, protest, notice of protest and dishonor, notice of intent to
    accelerate, notice of acceleration, and all other demands or notices of any kind in connection with the delivery, acceptance, performance, default, dishonor or enforcement of this Note. No failure on the part of the Lender to exercise, and no delay in
    exercising, any right, power or privilege hereunder shall operate as a waiver thereof or a consent thereto; nor shall a single or partial exercise of any such right, power or privilege preclude any other or further exercise thereof or the exercise of
    any other right, power or privilege.

   

  This Note and all provisions hereof shall be binding upon the Borrower[s] and all persons claiming under or through the Borrower[s], and shall
    inure to the benefit of the Agents and the Lender, together with each of their respective successors and assigns, including each owner and holder from time to time of this Note. [The obligations of the Borrowers under this Note shall be joint and
    several obligations of the Borrowers, and of each the Borrowers’ successors and assigns.]

   

  [Signature Page to [Revolving Loan Note]/[Term Loan Note]]

  
     

    
      
 

  

  
  

  [Each] [The] Borrower promises and agrees to pay, in addition to the principal, interest and other sums due and payable hereon, all costs of
    collecting or attempting to collect this Note, including all reasonable attorneys’ fees and disbursements, as described in the Financing Agreement.

   

  This Note may be executed in any number of counterparts and by different parties hereto or thereto in separate counterparts, each of which when so
    executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement.

   

  To the extent of any inconsistency between any of the terms and conditions of this Note and the terms and conditions of the Financing Agreement,
    the terms and conditions of the Financing Agreement shall control.

   

  This Note is secured by the Collateral described in the Financing Agreement and the other Loan Documents, to which reference is hereby made for a
    more complete statement of the terms and conditions under which the [Revolving Loans][Term Loan] evidenced hereby [is] [are] made and [is] [are] to be prepaid or accelerated, and is hereby entitled to all the benefits and rights of the Financing
    Agreement and such other Loan Documents (including, without limitation, any guarantees delivered in connection therewith).

   

  This Note constitutes a “Loan Document” under and as defined in the Financing Agreement and is subject to the terms and provisions therein
    regarding Loan Documents.

   

  The provisions of Sections 12.09, 12.10, 12.11, 12.12, 12.13, 12.14, 12.15 and 12.21 of the Financing Agreement are hereby incorporated by
    reference herein, mutatis mutandis, as to apply to this Note.

   

  THIS NOTE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK APPLICABLE TO CONTRACTS MADE AND TO BE
    PERFORMED IN THE STATE OF NEW YORK.

   

  [Remainder of page intentionally left blank.]

  
    2

    
      
 

  

  IN WITNESS WHEREOF, and intending to be legally bound hereby, [each] [the] Borrower has caused this Note to be executed by its duly authorized
    officer as of the day and year first above written.

   

  	 	OBAGI COSMECEUTICALS LLC
	 	 
	 	By:	 
	 	 	Name:

          Title:

   

  	 	[ADDITIONAL BORROWERS]
	 	 
	 	By:	 
	 	 	Name:

          Title:

   

  [Signature Page to [Revolving Loan Note]/[Term Loan Note]]

  
  
     

  

  
     

  

  
  EXHIBIT 2.09(d)-1 

   

  U.S. TAX COMPLIANCE CERTIFICATE 

   

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

   

  Reference is hereby made to that certain Financing Agreement, dated as of March 16, 2021 (as amended, restated, amended and restated, supplemented
    or otherwise modified from time to time, the “Financing Agreement”), by and among Obagi Global Holdings Limited, an exempted company incorporated under the laws of the Cayman Islands with limited liability (the “Ultimate Parent”), Obagi
    Holdings Company Limited, an exempted company incorporated under the laws of the Cayman Islands with limited liability (the “Parent”), Obagi Cosmeceuticals LLC, a Delaware limited liability company (together with each other Person that executes
    a joinder agreement and becomes a “Borrower” thereunder, each a “Borrower” and collectively, the “Borrowers”), each subsidiary of the Ultimate Parent listed as a “Guarantor” on the signature pages thereto (together with the
    Ultimate Parent, the Parent and each other Person that executes a joinder agreement and becomes a “Guarantor” thereunder, each, a “Guarantor” and, collectively, the “Guarantors”), the lenders from time to time party thereto (together with
    its successors and permitted assigns, individually, the “Lender” and, collectively, the “Lenders”), TCW Asset Management Company LLC, a Delaware limited liability company (“TCW”), as collateral agent for the Lenders (in such
    capacity, together with its successors and assigns in such capacity, the “Collateral Agent”), and, TCW, as administrative agent for the Lenders (in such capacity, together with its successors and assigns in such capacity, the “Administrative
      Agent” and, together with the Collateral Agent, each, an “Agent” and, collectively, the “Agents”). Unless otherwise defined herein, terms defined in the Financing Agreement and used herein shall have the meanings given to them in
    the Financing Agreement.

   

  Pursuant to the provisions of Section 2.09(d) of the Financing Agreement, the undersigned hereby certifies that (i) it is the sole record and
    beneficial owner of the Loan or Loans (as well as any promissory note evidencing any such Loan) in respect of which it is providing this certificate, (ii) it is not a bank within the meaning of Section 881(c)(3)(A) of the Internal Revenue Code, (iii)
    it is not a ten percent shareholder of a Borrower within the meaning of Section 871(h)(3)(B) of the Internal Revenue Code and (iv) it is not a controlled foreign corporation related to a Borrower as described in Section 881(c)(3)(C) of the Internal
    Revenue Code.

   

  The undersigned has furnished the Administrative Agent and the Administrative Borrower with a certificate of its non-U.S. Person status on IRS Form
    W-8BEN or IRS Form W-8BEN-E. By executing this certificate, the undersigned agrees that (1) if the information provided on this certificate changes, the undersigned shall promptly so inform the Administrative Borrower and the Administrative Agent, and
    (2) the undersigned shall have at all times furnished the Administrative Borrower and the Administrative Agent with a properly completed and currently effective certificate in either the calendar year in which each payment is to be made to the
    undersigned, or in either of the two calendar years preceding such payments.

   

  [signature page follows]

  
     

    
      
 

  

  	[NAME OF LENDER]
	 	 
	By:	 	 
	 	Name:	 
	 	Title:	 
	 	 
	Date: [_________] [__], 20[ ]	 

   

  [Signature Page to U.S. Tax Compliance Certificate 2.09(d)-1]

  
     

    
      
 

  

  EXHIBIT 2.09(d)-2 

   

  U.S. TAX COMPLIANCE CERTIFICATE 

   

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

   

  Reference is hereby made to that certain Financing Agreement, dated as of March 16, 2021 (as amended, restated, amended and restated, supplemented
    or otherwise modified from time to time, the “Financing Agreement”), by and among Obagi Global Holdings Limited, an exempted company incorporated under the laws of the Cayman Islands with limited liability (the “Ultimate Parent”), Obagi
    Holdings Company Limited, an exempted company incorporated under the laws of the Cayman Islands with limited liability (the “Parent”), Obagi Cosmeceuticals LLC, a Delaware limited liability company (together with each other Person that executes
    a joinder agreement and becomes a “Borrower” thereunder, each a “Borrower” and collectively, the “Borrowers”), each subsidiary of the Ultimate Parent listed as a “Guarantor” on the signature pages thereto (together with the
    Ultimate Parent, the Parent and each other Person that executes a joinder agreement and becomes a “Guarantor” thereunder, each, a “Guarantor” and, collectively, the “Guarantors”), the lenders from time to time party thereto (together with
    its successors and permitted assigns, individually, the “Lender” and, collectively, the “Lenders”), TCW Asset Management Company LLC, a Delaware limited liability company (“TCW”), as collateral agent for the Lenders (in such
    capacity, together with its successors and assigns in such capacity, the “Collateral Agent”), and, TCW, as administrative agent for the Lenders (in such capacity, together with its successors and assigns in such capacity, the “Administrative
      Agent” and, together with the Collateral Agent, each, an “Agent” and, collectively, the “Agents”). Unless otherwise defined herein, terms defined in the Financing Agreement and used herein shall have the meanings given to them in
    the Financing Agreement.

   

  Pursuant to the provisions of Section 2.09(d) of the Financing Agreement, the undersigned hereby certifies that (i) it is the sole record and
    beneficial owner of the participation in respect of which it is providing this certificate, (ii) it is not a bank within the meaning of Section 881(c)(3)(A) of the Internal Revenue Code, (iii) it is not a ten percent shareholder of a Borrower within
    the meaning of Section 871(h)(3)(B) of the Internal Revenue Code, and (iv) it is not a controlled foreign corporation related to a Borrower as described in Section 881(c)(3)(C) of the Internal Revenue Code.

   

  The undersigned has furnished its participating Lender with a certificate of its non-U.S. Person status on IRS Form W-8BEN or IRS Form W-8BEN-E. By
    executing this certificate, the undersigned agrees that (1) if the information provided on this certificate changes, the undersigned shall promptly so inform such Lender in writing, and (2) the undersigned shall have at all times furnished such Lender
    with a properly completed and currently effective certificate in either the calendar year in which each payment is to be made to the undersigned, or in either of the two calendar years preceding such payments.

   

  [signature page follows]

   

  [Signature Page to U.S. Tax Compliance Certificate 2.09(d)-1]

   

  
     

    
      
 

  

  	[NAME OF PARTICIPANT]
	 	 
	By:	 	 
	 	Name:	 
	 	Title:	 
	 	 
	Date: _________ __, 20[ ]	 

   

  [Signature Page to U.S. Tax Compliance Certificate 2.09(d)-2]

  
     

    
      
 

  

  EXHIBIT 2.09(d)-3 

   

  FORM OF U.S. TAX COMPLIANCE CERTIFICATE 

   

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

   

  Reference is hereby made to the Financing Agreement, dated as of March 16, 2021 (as amended, restated, amended and restated, supplemented or
    otherwise modified from time to time, the “Financing Agreement”), by and among Obagi Global Holdings Limited, an exempted company incorporated under the laws of the Cayman Islands with limited liability (the “Ultimate Parent”), Obagi
    Holdings Company Limited, an exempted company incorporated under the laws of the Cayman Islands with limited liability (the “Parent”), Obagi Cosmeceuticals LLC, a Delaware limited liability company (together with each other Person that executes
    a joinder agreement and becomes a “Borrower” thereunder, each a “Borrower” and collectively, the “Borrowers”), each subsidiary of the Ultimate Parent listed as a “Guarantor” on the signature pages thereto (together with the
    Ultimate Parent, the Parent and each other Person that executes a joinder agreement and becomes a “Guarantor” thereunder, each, a “Guarantor” and, collectively, the “Guarantors”), the lenders from time to time party thereto (together with
    its successors and permitted assigns, individually, the “Lender” and, collectively, the “Lenders”), TCW Asset Management Company LLC, a Delaware limited liability company (“TCW”), as collateral agent for the Lenders (in such
    capacity, together with its successors and assigns in such capacity, the “Collateral Agent”), and, TCW, as administrative agent for the Lenders (in such capacity, together with its successors and assigns in such capacity, the “Administrative
      Agent” and, together with the Collateral Agent, each, an “Agent” and, collectively, the “Agents”). Unless otherwise defined herein, terms defined in the Financing Agreement and used herein shall have the meanings given to them in
    the Financing Agreement.

   

  Pursuant to the provisions of Section 2.09(d) of the Financing Agreement, the undersigned hereby certifies that (i) it is the sole record owner of
    the participation in respect of which it is providing this certificate, (ii) its direct or indirect partners or members are the sole beneficial owners of such participation, (iii) with respect such participation, neither the undersigned nor any of its
    direct or indirect partners or members is a bank extending credit pursuant to a loan agreement entered into in the ordinary course of its trade or business within the meaning of Section 881(c)(3)(A) of the Internal Revenue Code, (iv) none of its direct
    or indirect partners or members is a ten percent shareholder of a Borrower within the meaning of Section 871(h)(3)(B) of the Internal Revenue Code and (v) none of its direct or indirect partners or members is a controlled foreign corporation related to
    a Borrower as described in Section 881(c)(3)(C) of the Internal Revenue Code.

   

  The undersigned has furnished its participating Lender with IRS Form W-8IMY accompanied by one of the following forms from each of its
    partners/members that is claiming the portfolio interest exemption: (i) an IRS Form W-8BEN or IRS Form W-8BEN-E or (ii) an IRS Form W-8IMY accompanied by an IRS Form W-8BEN or IRS Form W-8BEN-E from each of such partner’s/member’s beneficial owners
    that is claiming the portfolio interest exemption. By executing this certificate, the undersigned agrees that (1) if the information provided on this certificate changes, the undersigned shall promptly so inform such Lender and (2) the undersigned
    shall have at all times furnished such Lender with a properly completed and currently effective certificate in either the calendar year in which each payment is to be made to the undersigned, or in either of the two calendar years preceding such
    payments.

   

  [signature page follows]

   

  [Signature Page to U.S. Tax Compliance Certificate 2.09(d)-2]

  
     

    
      
 

  

  	[NAME OF PARTICIPANT]
	 	 
	By:	 	 
	 	Name:	 
	 	Title:	 
	 	 
	Date: _________ __, 20[ ]	 

   

  [Signature Page to U.S. Tax Compliance Certificate 2.09(d)-3]

  
     

    
      
 

  

  EXHIBIT 2.09(d)-4 

   

  FORM OF U.S. TAX COMPLIANCE CERTIFICATE 

   

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

   

  Reference is hereby made to the Financing Agreement, dated as of March 16, 2021 (as amended, restated, amended and restated, supplemented or
    otherwise modified from time to time, the “Financing Agreement”), by and among Obagi Global Holdings Limited, an exempted company incorporated under the laws of the Cayman Islands with limited liability (the “Ultimate Parent”), Obagi
    Holdings Company Limited, an exempted company incorporated under the laws of the Cayman Islands with limited liability (the “Parent”), Obagi Cosmeceuticals LLC, a Delaware limited liability company (together with each other Person that executes
    a joinder agreement and becomes a “Borrower” thereunder, each a “Borrower” and collectively, the “Borrowers”), each subsidiary of the Ultimate Parent listed as a “Guarantor” on the signature pages thereto (together with the
    Ultimate Parent, the Parent and each other Person that executes a joinder agreement and becomes a “Guarantor” thereunder, each, a “Guarantor” and, collectively, the “Guarantors”), the lenders from time to time party thereto (together with
    its successors and permitted assigns, individually, the “Lender” and, collectively, the “Lenders”), TCW Asset Management Company LLC, a Delaware limited liability company (“TCW”), as collateral agent for the Lenders (in such
    capacity, together with its successors and assigns in such capacity, the “Collateral Agent”), and, TCW, as administrative agent for the Lenders (in such capacity, together with its successors and assigns in such capacity, the “Administrative
      Agent” and, together with the Collateral Agent, each, an “Agent” and, collectively, the “Agents”). Unless otherwise defined herein, terms defined in the Financing Agreement and used herein shall have the meanings given to them in
    the Financing Agreement.

   

  Pursuant to the provisions of Section 2.09(d) of the Financing Agreement, the undersigned hereby certifies that (i) it is the sole record owner of
    the Loan or Loans (as well as any promissory note evidencing any such Loan) in respect of which it is providing this certificate, (ii) its direct or indirect partners or members are the sole beneficial owners of such Loan or Loans (as well as any
    promissory note evidencing such Loan), (iii) with respect to the extension of credit pursuant to this Financing Agreement or any other Loan Document, neither the undersigned nor any of its direct or indirect partners or members is a bank extending
    credit pursuant to a loan agreement entered into in the ordinary course of its trade or business within the meaning of Section 881(c)(3)(A) of the Internal Revenue Code, (iv) none of its direct or indirect partners or members is a ten percent
    shareholder of a Borrower within the meaning of Section 871(h)(3)(B) of the Internal Revenue Code and (v) none of its direct or indirect partners or members is a controlled foreign corporation related to a Borrower as described in Section 881(c)(3)(C)
    of the Internal Revenue Code.

   

  The undersigned has furnished the Administrative Agent and the Administrative Borrower with IRS Form W-8IMY accompanied by one of the following
    forms from each of its partners/members that is claiming the portfolio interest exemption: (i) an IRS Form W-8BEN or IRS Form W-8BEN-E or (ii) an IRS Form W-8IMY accompanied by an IRS Form W-8BEN or IRS Form W-8BEN-E from each of such
    partner’s/member’s beneficial owners that is claiming the portfolio interest exemption. By executing this certificate, the undersigned agrees that (1) if the information provided on this certificate changes, the undersigned shall promptly so inform the
    Administrative Borrower and the Administrative Agent, and (2) the undersigned shall have at all times furnished the Administrative Borrower and the Administrative Agent with a properly completed and currently effective certificate in either the
    calendar year in which each payment is to be made to the undersigned, or in either of the two calendar years preceding such payments.

   

  [signature page follows]

   

  [Signature Page to U.S. Tax Compliance Certificate 2.09(d)-4]

  
     

    
      
 

  

   

  	[NAME OF LENDER]
	 	 
	By:	 	 
	 	Name:	 
	 	Title:	 
	 	 
	Date: _________ __, 20[ ]	 

   

  [Signature Page to U.S. Tax Compliance Certificate 2.09(d)-4]Exhibit 10.30

   

  

  [***] Certain information in this document has been excluded pursuant to Regulation S-K, Item (601)(b)(10). Such
      excluded information is not material and would likely cause competitive harm to the registrant if publicly disclosed.

   

  DISTRIBUTION SERVICES AGREEMENT

   

  This Distribution Services Agreement (this “Agreement”), effective as of June 27, 2018
      (the “Effective Date”), is by and between WBC Group, LLC, an Ohio limited liability company (“WBC”), and Obagi Cosmeceuticals LLC, a Delaware limited liability company (“Supplier”).

   

  BACKGROUND

   

  A.          WBC is engaged in the business of providing distribution services with respect to
      various [***], skincare, dermatology, [***] and [***] products.

   

  B.          Supplier (directly or through its Affiliates) is engaged in the design,
      development, manufacture and/or supply of the products listed or described on Exhibit A attached hereto (the “Product” or “Products”). For purposes of this Agreement, an “Affiliate” of a person or entity means any other
      person or entity that directly or indirectly, through one or more intermediaries, controls, is controlled by, or is under common control with, such person or entity, with the term “control” (including the terms “controlled by” and “under common
      control with”) meaning the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of the person or entity, whether through the ownership of voting securities, by contract or otherwise.

   

  C.          Supplier wishes to engage WBC, and WBC wishes to be so engaged, to exclusively
      provide distribution services that include, without limitation, (i) integrated distribution services (including packing and shipping); (ii) customer service functions (including call center services); (iii) returns processing and reporting; (iv) 
      customer credit, invoicing, and collection services; (v) accounts receivable and chargeback service; and (iv) data reporting (collectively, the “Services”) with respect to the Products to (x) physicians and other licensed practitioners and
      their related offices, clinics or other facilities, (y) distributors selling Products to such practitioners and facilities, and (z) pharmacies, in each case whether directly or online, within the United States of America and Puerto Rico
      (collectively, the “Physician-Dispensed Market”), on the terms and conditions set forth in this Agreement.

   

  NOW, THEREFORE, in consideration of the mutual covenants and agreements of the parties set
      forth below, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:

   

  ARTICLE 1 APPOINTMENT

   

  1.1         Exclusive Distributor for the Physician-Dispensed Market. Pursuant to the
      terms and subject to the conditions of this Agreement, in exchange for WBC’s willingness to invest in designing and building custom WBC Webpages (as defined below) for Supplier and providing dedicated project management resources in furtherance of
      the transactions contemplated hereby, and for the other consideration provided for herein, Supplier hereby appoints WBC as its exclusive provider of the Services with respect to the Products (including any new products or improvements, enhancements
      or redesigns of existing Product as provided in Section 2.11) in and to the Physician-Dispensed Market, and WBC hereby accepts such appointment. During the term of this Agreement, WBC will not and will agree not to enter into any agreement to provide
      substantially similar Services to [***] for goods or products that are competitive with any of the Products, without the express prior written consent of Supplier. As part of WBC’s exclusive appointment, from and after the Launch Date (as defined
      below), Supplier shall not, directly or indirectly through any Affiliate or third-party agents, representatives, distributors, or other entities (except WBC), sell or engage in the Services with respect to any Products to the Physician-Dispensed
      Market. WBC shall perform the Services (including, without limitation, all storage, handling, shipping and distribution) in accordance with generally accepted industry standards of operation and in conformity with all applicable laws. 

  

  
     

    
      

  

  
   

  1.2         Transition from Existing Distribution Channels; Customer Webpages. Promptly
      after the Launch Date (as defined below) hereof, the parties shall take all commercially reasonable steps to transition the distribution of Products to the Physician-Dispensed Market from Supplier’s existing distribution channels to WBC, culminating
      in Supplier ceasing to distribute Product to the Physician-Dispensed Market through any other channel. In furtherance of the foregoing, promptly after the execution of this Agreement, WBC will design and build, and provide a link or web portal to be
      included on Supplier’s website to, a website hosted and maintained by WBC and as further described on Exhibit B for purposes of Physician-Dispensed Market customer ordering and order fulfillment (the “WBC Webpages”). WBC retains all
      intellectual property and other rights in and with respect to the WBC Webpages. The parties shall use their commercially reasonable efforts to cause the launch of WBC assuming the distribution of Product to the Physician-Dispensed Market as
      contemplated hereby to occur on or before [October 31], 2018; provided that such launch shall not occur unless and until WBC [***] as provided in Section 4.2. The date such launch occurs is referred to herein as the “Launch Date.” WBC
      acknowledges that Valeant Pharmaceuticals North America LLC will provide transition services to Supplier during the term of this Agreement in support of its obligations hereunder, including but not limited to data receipt, order processing and
      certain permits, authorizations, licenses, certificates, approvals or similar requirements of or from any governmental authority in connection with the Services under this Agreement. Supplier agrees to transfer to WBC any existing toll-free telephone
      numbers that were established in connection with any prior distribution channels for the Product, and WBC agrees that any and all toll-free telephone numbers transferred to or established by WBC solely in connection with this Agreement will be
      transferred to Supplier following the termination of this Agreement for any reason.

   

  1.3         Marketing Activities; Product Referrals. Supplier will use all commercially
      reasonable efforts to promote and market the sale and distribution of the Product to the Physician-Dispensed Market during the term of this Agreement. At a minimum, such efforts shall include continuing to perform such sales and marketing activities
      with respect to the Product for the Physician-Dispensed Market as conducted by Supplier prior to the Launch Date. WBC shall not be required to perform any marketing or sales activities with respect to the Product. Supplier shall include on its
      websites intended for customers or potential customers within the Physician-Dispensed Market a link, to be provided by WBC, that directs customers or potential customers of the Product in the Physician-Dispensed Market to the WBC Webpages. Supplier
      shall direct any customers or potential customers within the Physician-Dispensed Market who attempt to place Product orders with Supplier to WBC or the WBC Webpages. Supplier shall actively promote WBC with respect to the Products for the
      Physician-Dispensed Market on its websites intended for customers or potential customers within the Physician-Dispensed Market and in any communication or event where Product is promoted or displayed for the Physician-Dispensed Market, including
      applicable trade shows, brochures and advertisements.

   

  ARTICLE 2 SUPPLY OF PRODUCT

   

  2.1         Supply. Subject to the terms and conditions set forth herein, Supplier
      agrees to manufacture or otherwise supply, sell and ship Product to WBC as ordered from time to time by WBC under this Agreement, and WBC shall purchase from Supplier the Product so ordered. Supplier is responsible for procuring all materials and
      equipment required to produce and package or otherwise procure the Products ordered hereunder. Supplier is responsible for the quality of the Product and ensuring the Product is manufactured in a safe and sanitary environment as required under
      current good manufacturing practices (“cGMP”). Supplier shall ensure that the expiration date of all Product shipped to WBC hereunder is at least the following number of months after the date of shipment of such Product, as determined by each
      Product’s applicable product category as set forth on Exhibit A: (a) for Prescription Products, [***], and (b) for Non-Prescription Products, [***]. If Supplier ships WBC a Product not meeting its applicable minimum shelf life as set forth in
      the immediately preceding sentence, WBC shall notify Supplier and consider in good faith for at least 10 days any commercially reasonable remedy proposed by Supplier with respect to such Product prior to rejecting the Product as non-conforming
      pursuant to Section 2.6. Supplier shall maintain sufficient capability and capacity to meet forecasted demand for the Product in the Physician-Dispensed Market in accordance with Section 3.2. Supplier represents and warrants to WBC that it has and
      will convey to WBC good title to all the Product it sells to WBC hereunder and that such Product will be free and clear of all liens, claims or encumbrances. 

  

  
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  2.2         Purchase Orders. From time to time, WBC shall submit to Supplier a purchase
      order for each order of Product hereunder via facsimile, email or EDI pursuant to its standard purchase order form, the terms and conditions of which are incorporated herein by reference to the extent such terms and conditions do not conflict with
      this Agreement. In the event of any discrepancy between any purchase order and this Agreement, the terms of this Agreement shall govern. Each purchase order will describe the Product ordered, quantity and the requested delivery date, provided that
      WBC will provide at least 10 days of lead time prior to the requested delivery date. Supplier shall accept and fulfill all purchase orders submitted in accordance with this Section 2.2.

   

  2.3         Packaging; Advertising Claims. Supplier shall ensure that the Products are
      labeled and packaged in accordance with applicable United States Food and Drug Administration (“FDA”) labeling requirements and other requirements of applicable laws. Supplier shall pack Product properly to withstand transportation in
      accordance with cGMP. Supplier shall also ensure Product is stored properly under cGMP required practices. Prices for Product include, and Supplier is solely responsible for, all costs and expenses relating to packing, crating, boxing, and loading of
      Product ordered by WBC hereunder. Supplier is responsible for all marketing and advertising claims associated with the Product. Supplier shall ensure that (a) all marketing and advertising claims are properly supported and substantiated by scientific
      evidence and meet both state and federal requirements, including the Federal Trade Commission (“FTC”), FDA and all state attorney general and regulatory board marketing and advertising requirements, (b) all such substantiation evidence is
      documented in writing, and (c) all such documentation is securely maintained. Supplier shall provide copies of all such documentation to WBC at WBC’s reasonable written request.

   

  2.4         Shipping. Supplier shall ship all Product to be received on or before the
      requested delivery date at the facility designated by WBC as set forth in the applicable purchase order. If Supplier becomes aware of any backorder or other anticipated delay that would result in a change to the requested delivery date, Supplier will
      promptly notify WBC. If there is any extended backorder or delay in shipment of a Product, and WBC exhausts its inventory of such Product, WBC may disclose on the WBC Webpages that there is a backorder or delay for delivery of such Product and shall
      be permitted to decline customer orders of such Product without being in breach of any obligation under this Agreement until such time as WBC is re-supplied with such Product by Supplier. All shipments of Product shall be FOB WBC’s designated
      delivery facility, unless otherwise mutually agreed upon by WBC and Supplier. Title and risk of loss to Product shall pass to WBC upon delivery of the Product to the designated delivery facility. Supplier shall bear the cost of freight and all other
      costs of shipping Product to the designated delivery facility.

   

  2.5         Product Warranty; Specifications. Supplier represents and warrants to WBC
      that Product supplied by Supplier will (a) strictly conform to its product, labeling and packaging formulations, including the dimensions, count, weight and other specifications (the “Specifications”), and (b) be free from defects in material,
      workmanship and design, subject to all applicable industry standards. Supplier may make changes to the Specifications, provided the changes do not adversely affect the quality of the Product.

   

  2.6         Non-Conforming Shipments. Upon receipt of each shipment of Products at the
      designated delivery location, WBC shall promptly inspect it for Product with non-concealed physical damage or defect and for non-concealed shortages or inconsistencies with the applicable purchase order or packing list, inventory or bill of lading
      that accompanies the shipment (each, a “Non-Conforming Shipment”). Notwithstanding the foregoing, WBC shall not be required to open and inspect individual cases of Product. WBC may reject any Non-Conforming Shipment by giving notice to
      Supplier in writing within [***] after receipt thereof. Any Non-Conforming Shipment not so rejected shall be deemed to have been accepted by WBC. Supplier shall bear all expenses and costs associated with handling, freight and return of any
      Non-Conforming Shipment. Final disposal of any Non-Conforming Shipment shall be the sole responsibility of Supplier, who shall retain ownership thereof. 

  

  
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  2.7         Product Claims. Supplier shall be responsible for all product warranty (if
      any) and liability claims with respect to the Product, including any claim of (a) bodily injury or death of any person, or damage to any property, resulting from the use of the Product, or (b) any design or manufacturing defect in the Product (each,
      a “Product Claim”). Without limiting the foregoing, Supplier shall support all product warranties and technical questions relating to Product distributed by WBC.

   

  2.8       No Charge Shipments. WBC will ship Product and other promotional items supplied by Supplier under the No Charge Programs set forth on Exhibit C as directed by Supplier from time to time (each, a “No Charge
          Shipment”). WBC shall charge Supplier for each No Charge Shipment an amount equal to [***] for each shipping package shipped by WBC to fulfill such No Charge Shipment.

   

  2.9         Additional Services. If requested by Supplier, WBC shall affix “Tester,”
      “Sample,” or similar stickers to be provided by Supplier on designated Product distributed by WBC hereunder for a fee of [***] sticker; provided, however, that such stickering service shall not replace Supplier’s responsibility to provide all
      labeling and instructions on the Product required by law or regulation in accordance with Section 4.1. From time to time during the term of this Agreement, WBC may quote other services to be provided to Supplier in connection with the sale and
      distribution of Product to the Physician-Dispensed Market on such terms, conditions and specifications as may be agreed to by the parties.

   

  2.10       Forecasting; Notice of Promotional Campaigns; Backorders. On a monthly basis,
      Supplier will provide WBC a good faith, rolling 12-month forecast of the anticipated monthly volume demand for Product in the Physician-Dispensed Market for each Product based on information available at the time to Supplier. In addition, Supplier
      shall provide WBC at least 30 days’ notice prior to Supplier launching any seasonal, holiday or other promotional campaign for the Physician-Dispensed Market with respect to any Product, and shall provide WBC with immediate notice of any Product that
      is, or is anticipated to become, on backorder.

   

  2.11       Changes to Product Offering; Discontinued Product; New Products. Supplier
      shall provide WBC commercially reasonable prior written notice any proposed additions, deletions or changes to the Product to be distributed hereunder. Without limiting the foregoing, Supplier shall provide WBC (i) at least three (3) months’ notice
      before discontinuing a Product (“Discontinued Product”), and (ii) at least 60 days’ notice before introducing to the Physician-Dispensed Market any new product, or any improvements, enhancements or redesigns of existing Product, or any
      replacement for a Discontinued Product (each, a “New Product”). Upon receipt of such notice with respect to a Discontinued Product, WBC may, in its sole discretion, cancel any outstanding orders with Supplier of the Discontinued Product.
      Alternatively, WBC may make purchases of enough of the Discontinued Product from Supplier to fulfill WBC’s forecasted commitments to customers, and Supplier shall fulfill such orders, if available. Upon expiration of such notice period with respect
      to a Discontinued Product, WBC may return or destroy such Discontinued Product then in its stock for [***]. WBC shall have the unilateral right to delete from Exhibit A any Product that is subject to return by WBC or a Discontinued Product.
      With respect to any New Product, WBC shall have the right, but not the obligation, to add the New Product to Exhibit A as a “Product” hereunder effective as of the time of such New Product’s launch to the Physician-Dispensed Market; provided
      that WBC shall not be permitted to reject a New Product without a justifiable and reasonable cause. If WBC rejects any New Product, then such New Product shall be excluded from this Agreement (including the exclusivity provisions of Section 1.1) and
      Supplier shall be permitted to appoint another distributor for such New Product. During the term of the Agreement, Exhibit A shall be promptly amended to reflect any additions, deletions or changes to the Product to be distributed hereunder
      in accordance with this Section 2.11. 

  

  
    4

    
      

  

   

  2.12       Periodic Reporting. WBC will provide to Supplier ongoing reporting at a
      reasonable frequency to be mutually agreed upon by the parties. Such reporting may include daily reports on orders, backorders, inventory, shipments, customers, transactions and billing related to the Products.

   

  2.13        WBC Obligations. WBC (i) shall store and warehouse the Products in suitable
      storage facilities and distribute the Products in accordance with applicable laws and any storage or distribution requirements set forth in the Product’s Specifications and labeling (collectively, the “Requirements”); (ii) shall promptly
      notify Supplier of any Product complaints that may indicate a manufacturing/packaging defect, contamination or Product tampering; (iii) shall maintain a business continuity plan designed to avoid disruptions of distribution of the Products, including
      loss of data network, website, voice network, call center and distribution centers utilized to perform the Services; and (iv) shall not adulterate or misbrand Products.

   

  2.14       WBC Returns. In addition to its return rights under Supplier’s returns
      policy as may be in effect from time to time, WBC will have the right to return to Supplier and receive full credit for its original purchase price for (a) outdated Product ([***]), (b) WBC’s inventory of [***] Product ([***]), (c) Discontinued
      Product pursuant to Section 2.11, provided that the parties shall first use commercially reasonable efforts in cooperation with each other to otherwise reduce WBC’s inventory of Discontinued Products, (d) Product still within [***] of its expiration
      date, (e) Product not meeting the warranties set forth in Section 2.5, (f) WBC’s remaining inventory of any Product subject to any recall or corrective action as described in Section 4.4, and (g) WBC’s remaining inventory of Product upon termination
      or expiration of this Agreement, in each case without incurring a Supplier restocking fee or similar charge or requiring a return authorization. [***] shall be responsible for all freight and other shipment and delivery costs relating to returns by
      WBC pursuant to this Section 2.14. If Supplier changes its return policy as in effect at the time of a Product order by WBC in a manner that further limits returns, WBC may return Product based on the returns policy in effect at the time of such
      order. No less than 30 days’ advance notice to WBC must be provided for all return policy changes by Supplier.

   

  2.15       Customer Returns. WBC will handle all customer returns hereunder in
      accordance with the Customer Products Return Policy attached hereto as Exhibit D.

   

  ARTICLE 3 PRICES, FEES, PAYMENT

   

  3.1         Wholesale Acquisition Cost; Supplier Invoices; Payment Terms. Subject to
      Section 3.3, WBC agrees to pay Supplier the respective wholesale acquisition cost (“WAC”) set forth on Exhibit A for each Product distributed by Supplier hereunder, except samples which are at [***] cost. The respective WAC per Product
      as set forth on Exhibit A may be amended by Supplier from time to time upon 30 days’ prior written notice to WBC; provided, however, that the WAC for any particular Product cannot be reduced below the WAC for such Product as set forth on Exhibit

        A as of the Effective Date without the prior written approval of WBC. Supplier will submit an invoice to WBC for payment with or after delivery of the applicable Product. Payments for each order shall be made in U.S. dollars, net [***] from the
      later of (a) the date of delivery of the Product ordered to WBC’s facility or (b) the date of receipt by WBC of a complete and accurate invoice for such order. WBC shall pay Supplier when due all undisputed amounts and shall notify Supplier of any
      disputed amounts in writing. The parties shall work in good faith to resolve any disputed amounts as quickly as practicable. Other than any applicable sales tax relating to the sale of Product by Supplier to WBC, Supplier shall bear the cost of any
      taxes relating to its sourcing of the Product and its supply of Product to WBC hereunder, including any use, customs, import or excise tax. WBC shall be responsible for any taxes relating to its sale and distribution of any Product supplied by
      Supplier hereunder, including any sales, use, customs or excise tax. 

  

  
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  3.2        Distribution by WBC to the Physician-Dispensed Market.
      Supplier will keep WBC informed of all pricing terms proposed by Supplier to the various customers in the Physician-Dispensed Market pursuant to its sales and marketing efforts, including any proposed discounts, rebates or other price concessions
      (the “Applicable Proposed Pricing Terms”). Subject to the terms of this Agreement, WBC will use its commercially reasonable efforts to, but shall not be obligated to, sell Product to customers ordering Product from WBC on the Applicable
      Proposed Pricing Terms to the extent known to WBC. Each customer in the Physician-Dispensed Market will be permitted to purchase Product from WBC via the WBC Webpages, phone, email, and fax, provided that WBC will determine, in its sole discretion,
      whether or not to extend credit to any customer. WBC will manage billing and collection of payments from customers. WBC will provide customers the option to pay by any major credit card, as well as any other payment option WBC may elect to provide.
      WBC will maintain adequate staff to service Supplier, including customer service agents and a dedicated Program Manager. WBC will same-day ship orders received by [***], with respect to orders being shipped by a distribution center located in the
      Eastern time zone, and [***], with respect to orders being shipped by a distribution center located in the Pacific time zone. WBC will ship orders received after the same-day cut-off times set forth above on the following business day. WBC shall be
      responsible for the cost of freight and all other packaging and shipping costs relating to its shipment of Product to the Physician-Dispensed Market, including No Charge Shipments. WBC will respond to all customer requests and resolve customer issues
      in a prompt and timely manner. WBC will manage its inventory of Product on a first-expiration, first-out basis. WBC shall, at all times, maintain on-hand inventory of not less than a [***] supply of Products. For purposes of this Agreement, a “[***]
      supply of Products” shall be deemed to be a supply of Products sufficient to satisfy reasonably anticipated orders from customers during a period of [***] without any further deliveries from Supplier.

   

  3.3         Service Fee; Chargebacks. In consideration of its services provided
      hereunder, Supplier shall pay WBC a service fee (the “Service Fee”) equal to [***]% (the “Service Fee Percentage”) of the WAC, if any, charged by Supplier to WBC for all Product shipped to WBC by the Supplier for the Physician-Dispensed
      Market including any No Charge Shipment. In addition, Supplier shall reimburse WBC (a) the amount of the excess, if any, of (i) the WAC, if any, charged by Supplier to WBC of any Product shipped by WBC to the Physician-Dispensed Market (including any
      No-Charge Shipment) over (ii) the sales price actually charged by WBC for such Product to its customers (net of any rebates, discounts, price reductions, or other price concessions conferred upon such customers) (the “Applicable Net Sales Price”),

      but only to the extent the Applicable Net Sales Price charged by WBC was not less than the Applicable Proposed Pricing Terms, to the extent known by WBC (the “WAC Chargeback”), plus (b) the aggregate amount of fees and expenses incurred by WBC
      in connection with [***].

   

  3.4         WBC Invoices. WBC shall invoice Supplier the Service Fee, with reasonable
      supporting detail, on a monthly basis within seven (7) business days following the end of each calendar month during which Product was shipped by WBC. WBC shall invoice Supplier for any WAC Chargebacks, with reasonable supporting detail, on a [***]
      basis within seven (7) business days following the end of each [***] during which Product that is subject to a WAC Chargeback was shipped by WBC. WBC shall invoice Supplier for any No Charge Shipments, Credit Card Pass Through and fees for additional
      services as contemplated by Section 2.9, with reasonable supporting detail, on a quarterly basis within seven (7) business days following the end of each calendar quarter during which Product that is subject to any No Charge Shipment or Credit Card
      Pass Through was shipped by WBC or any such services were provided by WBC. At WBC’s election, WBC shall have the right to offset the amount of any invoice against any amounts then-owed by WBC to Supplier hereunder. To the extent the amount of an
      invoice is not offset against amounts owed by WBC to Supplier, Supplier shall pay to WBC the net outstanding amount of the invoice in U.S. dollars within 30 days from the date of its receipt of the invoice, except to the extent such amount is
      disputed by Supplier in writing, in which case the parties shall work in good faith to resolve any disputed amounts as quickly as practicable. Supplier shall bear the cost of any taxes relating to any amounts invoiced by WBC hereunder, including any
      sales, use, customs, import or excise tax. 

  

  
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  3.5         Adjustment to Service Fee Percentage. Supplier acknowledges that WBC
      entered into this Agreement, including with respect to the Service Fee Percentage agreed to herein, based on and in reliance on the assumption that the transactions contemplated by this Agreement will achieve metrics that, as a whole, will be
      materially consistent with or better than those set forth on Exhibit E (the “Transaction Assumptions”). Beginning on the date that is six (6) months after the Launch Date and at any time and from time to time thereafter (but not more
      frequently than once during any consecutive 12 month period), if WBC reasonably demonstrates that (a) actual results with respect to such metrics achieved during any applicable Review Period (as defined below) materially differ from the Transaction
      Assumptions, and (b) as a result of such difference, the earnings or profit margin achieved by WBC from its performance under this Agreement during such Review Period are materially less than the earnings or profit margin, as applicable, that WBC
      projected with respect to this Agreement at the time it entered into this Agreement, then WBC shall have the right to propose reasonable adjustments to the Service Fee Percentage as necessary to equitably account for such difference between actual
      results and the Transaction Assumptions (where “equitably account” means putting WBC in substantially the same position with respect to its earnings or profit margin, as applicable, from the date of the applicable Adjustment Notice (as defined below)
      through the remainder of the Term, assuming actual results will be consistent with the results achieved during the Review Period as opposed to the Transaction Assumptions). WBC shall exercise such right by giving written notice to Supplier (an “Adjustment

        Notice”), which notice shall state the Review Period to which it relates and shall set forth the proposed adjustments with reasonable supporting detail. If Supplier disagrees with the adjustment proposed by WBC in the Adjustment Notice,
      Supplier will so notify WBC within 60 days after its receipt thereof (an “Objection Notice”). If Supplier fails to deliver an Objection Notice before the expiration such 60-day period, the adjustment to the Services Fee Percentage proposed by
      WBC in the Adjustment Notice shall be deemed to have been accepted by Supplier. If the Supplier delivers the Objection Notice before the expiration of such 60-day period, WBC and the Supplier shall negotiate in good faith to resolve such objections
      within 30 days after WBC’s receipt of the Objection Notice (the “Resolution Period”). If Supplier and WBC fail to reach an agreement with respect to all of the matters set forth in the Objection Notice before expiration of the Resolution
      Period, then any issues remaining in dispute shall be submitted by the parties to an impartial, independent accounting firm who, acting as arbitrator, shall resolve the disputed issues and determine the applicable adjustment to the Service Fee
      Percentage, if any, which determination shall be final and binding on the parties. The fees and expenses of the accountant shall be borne by equally by WBC and Supplier. Any adjustment to the Service Fee Percentage pursuant to this Section 3.5 shall
      be effective as of the date of the applicable Adjustment Notice and shall apply for all periods thereafter during the Term until such time as it may be further adjusted pursuant to this Section 3.5. If WBC has already invoiced Supplier a Service Fee
      for any period to which the adjusted Service Fee Percentage applies, WBC shall invoice Supplier for the difference between the Service Fee previously invoiced and the Service Fee for such period as calculated using the adjusted Service Fee
      Percentage, which invoice shall be paid pursuant to, and shall otherwise be subject to, the provisions of Section 3.4. For purposes of this Section 3.5, “Review Period” means any period during the Term that (1) is not shorter than six (6)
      months, (2) is not longer than 12 months and (3) begins no earlier than 13 months prior to the date of the Adjustment Notice relating to such period. WBC’s determination of earnings and profit margin for purposes of this Section 3.5 shall be made in
      accordance with United States generally accepted accounting principles, consistently applied. No change from the date hereof in any accounting principles used by WBC in its determination of earnings and profit margin shall be the basis for an
      adjustment to the Service Fee Percentage pursuant to this Section 3.5 

  

  
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  ARTICLE 4 COMPLIANCE WITH LAWS

   

  4.1         Compliance with Laws. Each party shall comply with all applicable laws with
      respect to its activities hereunder, including those relating to the marketing and sale of the Product and the implementation or enforcement of any minimum advertised price (MAP) policy or other policy relating to pricing or advertising of the
      Product.

   

  4.2         Licenses. Supplier has obtained and shall maintain all governmental
      approvals, consents, licenses, permits, authorizations, declarations, filings and registrations (collectively, “Licenses”) necessary under applicable law for its performance of the terms and conditions of this Agreement, including any Licenses
      required by the FDA and any pharmaceutical boards, as applicable. WBC shall use commercially reasonable efforts to obtain, by no later than [***] (the “Licensure Date”), and thereafter shall maintain, all Licenses necessary under applicable
      law for its performance of the terms and conditions of this Agreement, including any Licenses required by the FDA and any pharmaceutical boards, as applicable; provided, however, that WBC shall not be required to obtain Licenses for all of its
      distribution centers by the Licensure Date in order to be compliant with this Section 4.2. If WBC does not substantially fulfill its obligations under this Section 4.2 with respect to obtaining applicable Licenses, Supplier shall have the right to
      terminate this Agreement prior to the Launch Date by giving notice of such termination to WBC, in which case this Agreement shall become void and have no effect, without any liability on the part of any party. For the purposes of this Section 4.2
      “substantially fulfill” means that at least one of WBC’s distribution centers has obtained, by no later than the Licensure Date, all the necessary Licenses under applicable law for its performance of the terms and conditions of this Agreement, unless
      (a) the failure to obtain all such Licenses by such date is a result of delay from causes beyond the reasonable control of WBC and (b) WBC has proposed a commercially reasonable alternative to fulfill the terms and conditions of this Agreement until
      such time as such Licenses have been obtained.

   

  4.3         Product Regulations. Supplier represents and warrants that all Product,
      including Product packaging, advertising and labelling, will comply with all applicable laws, including all FTC laws and regulations, the Federal Food, Drug and Cosmetic Act, as amended (the “FDCA”), the California Safe Drinking Water and
      Toxic Enforcement Act of 1986 (aka Proposition 65), and all regulations, rules, declarations, interpretations and orders issued thereunder. Supplier agrees to perform, at no cost to WBC, all corrective action needed to fix any regulatory deficiencies
      in the Product, including Product packaging and labelling. Neither party will advertise the Product with claims that would require FDA approval or be considered false or misleading advertising under FTC standards.

   

  4.4         Product Recalls or Market Withdrawal. In the event of any corrective action
      or recall or market withdrawal of any Product, Supplier will notify WBC promptly. Supplier will promptly take all necessary corrective action or conduct any recall or market withdrawal. WBC shall maintain records that identify the Products stored by
      WBC by lot number and shall fully cooperate in all commercially reasonable respects in effecting such recall or withdrawal. WBC will not be responsible for any costs associated with any recall or corrective action or withdrawal, except to the extent
      such recall or withdrawal is attributable to the gross negligence or willful misconduct of WBC, or the knowing failure of WBC to comply with and adhere to applicable Requirements of the affected Product. WBC will have the right to notify its
      customers of such actions and advise them of the remedy to be provided by Supplier. Supplier will promptly notify WBC of all customer remedies by promptly providing instructions to WBC to provide to its customers for return of Product to Supplier for
      correction and/or modification. Supplier will be responsible for all costs and expenses incurred in affecting such a remedy including costs of notices, replacement and shipping, as applicable.

   

  4.5         Importing. In the event any Product is manufactured by or for Supplier at
      any location outside the U.S., Supplier shall ensure that all such Product (a) are imported into the U.S. in compliance with all applicable laws, (b) meet all the requirements of the U.S. Customs and Border Protection and (c) if applicable, remain
      held intact and not distributed until the FDA has issued a “may proceed” notice or other substantially similar release. The parties agree, and Supplier acknowledges, that Supplier shall be the initial importer/distributor for all Product manufactured
      at any location outside the U.S. 

  

  
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  4.6         FDCA Debarment. WBC represents and warrants that neither WBC nor any of its
      officers, directors or current employees has been debarred pursuant to the FDCA or been excluded from participating in a federal health care program, including without limitation the Medicare or Medicaid programs. WBC agrees to promptly notify
      Supplier upon becoming aware that WBC or any of its officers, directors or employees is subsequently debarred under the FDCA or excluded from a federal health care program.

   

  ARTICLE 5 AUDITS, RECORDS AND INSPECTION RIGHTS; 

  INTELLECTUAL PROPERTY; CONFIDENTIAL INFORMATION

   

  5.1         Audits, Records and Inspection Rights. During the term of this Agreement and
      for such longer period as may be required by applicable law, WBC shall maintain records relating to the Services in compliance with all laws, rules and regulations and the terms of this Agreement, including all records relating to WAC Chargebacks. At
      any time during the term of this Agreement, and for one (1) calendar year after the termination of this Agreement, upon not less than ten (10) business days’ prior written notice, Supplier may perform an audit of the foregoing records regarding
      transactions relating to the Services that took place during the 12-month period immediately preceding such notice at Supplier’s sole expense. WBC shall make such records available to Supplier for inspection and copying. Such audits shall be
      performed during regular business hours using the services of a third party independent auditor mutually acceptable to the parties, provided that neither party shall unreasonably withhold or condition its approval of any auditor acceptable to the
      other party. No auditor shall be allowed to perform an audit without first executing a confidentiality agreement reasonably acceptable to the parties. Any such audit shall be conducted within 30 days of the date WBC provides the necessary
      documentation to the auditor. Any information provided in connection with the audit shall constitute Confidential Information of WBC subject to the terms of Section 5.3. Notwithstanding the foregoing, Supplier may not conduct more than one audit in
      any calendar year, unless an additional audit is required for compliance with applicable law, rules and regulations, or relate to Product quality.

   

  5.2         Product Materials; Trademarks. To the extent useful or necessary for the WBC
      Webpages, Supplier shall provide to WBC, and cooperate with WBC to develop and/or enhance, materials relating to the Product, including product descriptions, photographs, videos, animations and illustrations (the “Product Materials”). Supplier
      hereby grants to WBC a royalty-free, non-exclusive right in the Physician-Dispensed Market to use the Product Materials and Supplier’s trademarks (the “Trademarks”) during the term of this Agreement for the purposes of WBC providing the
      Services hereunder. Supplier warrants that Supplier has the right and authority to grant the rights set forth in this Section 5.1 and that no Product Materials or Trademarks infringe any rights of any third party. WBC shall not alter or make any
      addition to the labelling or packaging of the Product displaying the Trademarks without the prior written consent of Supplier (which consent will not be unreasonably withheld, conditioned or delayed). Each party shall promptly give notice in writing
      to the other if it becomes aware of: (a) any infringement or suspected infringement of the Trademarks or any other intellectual property rights relating to the Product; or (b) any claim that any Product or the manufacture, use, sale or other disposal
      of any Product, whether or not under the Trademarks, infringes the rights of any third party. Each party shall, at the request and expense of the other, provide any reasonable assistance to the other in connection with any action to be taken by the
      other party with respect to such infringement or suspected infringement (including the use of its name in, or being joined as a party to, proceedings), provided that that party is given such indemnity as it may reasonably require against any losses,
      costs and expenses it may incur as a result of, or in connection with, providing that assistance. 

  

  
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  5.3         Confidential Information. During the term of this
      Agreement, each party (the “Receiving Party”) may be provided with, have access to, or otherwise learn confidential and proprietary information of the other party (the “Disclosing Party”) (including certain technical information and
      materials) that is of substantial value to the Disclosing Party, which is identified as confidential at the time of disclosure or which should reasonably be considered to be confidential to the Disclosing Party (“Confidential Information”).
      All Confidential Information remains the property of the Disclosing Party. The Receiving Party may disclose the Confidential Information of the Disclosing Party only to its employees and contractors who need to know the Confidential Information for
      purposes of performing under this Agreement and who agree to be bound by the confidentiality obligations set forth herein. The Receiving Party will not use the Confidential Information without the Disclosing Party’s prior written consent except in
      performance under this Agreement. The Receiving Party will take measures to maintain the confidentiality of the Confidential Information equivalent to those measures the Receiving Party uses to maintain the confidentiality of its own confidential
      information of like importance but in no event less than commercially reasonable measures. The Receiving Party will give prompt notice to the Disclosing Party of any unauthorized use or disclosure of the Confidential Information and agrees to assist
      the Disclosing Party in remedying such unauthorized use or disclosure. The confidentiality obligations of this Section 5.2 do not extend to information which: (i) becomes part of the public domain without the fault of the Receiving Party; (ii) is
      rightfully obtained by the Receiving Party from a third party with the right to transfer such information without any known obligation of confidentiality; (iii) is independently developed by the Receiving Party without reference to or use of the
      Disclosing Party’s Confidential Information, as evidenced by written records; or (iv) was lawfully in the possession of the Receiving Party at the time of disclosure, without restriction on disclosure, as evidenced by written records. In addition,
      the Receiving Party may disclose Confidential Information of the Disclosing Party as may be required by law, a court order, or a governmental agency with jurisdiction, provided that before making such a disclosure the Receiving Party first notifies
      the Disclosing Party in writing, if legally permissible, and cooperates with the Disclosing Party, at the Disclosing Party’s reasonable request and expense, in any lawful action to contest or limit the scope of such required disclosure. Upon
      termination or expiration of this Agreement, the Receiving Party will return to the Disclosing Party all tangible copies of Confidential Information of the Disclosing Party in the Receiving Party’s possession or control and will erase from its
      computer systems all electronic copies thereof to the extent feasible. 

  

  
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  ARTICLE 6 INDEMNIFICATION; INSURANCE

   

  6.1        Indemnification.

   

  (a)        Supplier shall defend, indemnify and hold harmless WBC, its Affiliates, and their
      officers, directors, employees and agents (each, a “WBC Indemnified Party”) from and against any claims, suits, demands, litigation, actions, lawsuits, investigations, judgments, penalties, losses, damages, liabilities, costs, fines, and
      expenses (including reasonable attorneys’ fees) (collectively, “Losses”) brought, imposed, or alleged against or incurred by any WBC Indemnified Party arising from:

   

  (i)         any breach of this Agreement or violation of any applicable law by Supplier
      or any of its agents or representatives;

   

  (i)         the gross negligence or willful misconduct of Supplier in connection with
      the manufacture, sourcing, packaging, shipment, or labelling of any Product or in connection with any documentation provided for or with any Product;

   

  (ii)        any Product Claim; and/or

   

  (iii)       any claims or allegations from any third party that any Product, or the
      sale, offer for sale or use thereof, constitutes or is alleged to constitute an infringement or violation of any patent, trademark, copyright, or other proprietary right.

   

  Notwithstanding anything herein to the contrary, Supplier’s indemnification obligations under this Section 6.1(a)
      shall not apply to any Losses to the extent resulting from the grossly negligent, wrongful or fraudulent act or omission or willful misconduct of WBC or any of its agents or representatives.

   

  (b)     WBC shall defend, indemnify and hold harmless Supplier, its
      Affiliates, and their officers, directors, employees and agents (each, a “Supplier Indemnified Party” and, together with the WBC Indemnified Parties, the “Indemnified Parties”) from and against any Losses brought, imposed, or alleged
      against or incurred by any Supplier Indemnified Party arising from:

   

  (i)         any breach of this Agreement or violation of any applicable law by WBC or
      any of its agents or representatives; and/or

   

  (ii)        the gross negligence or willful misconduct of WBC in connection with its
      performance of the Services.

   

  Notwithstanding anything herein to the contrary, WBC’s indemnification obligations under this
      Section 6.1(b) shall not apply to any Losses to the extent resulting from the grossly negligent, wrongful or fraudulent act or omission or willful misconduct of Supplier or any of its agents or representatives.

   

  (c)     The Indemnified Party shall promptly notify the party obligated to provide
      indemnification (the “Indemnifying Party”) of any claim for which the Indemnified Party seeks indemnification hereunder; provided, however, that no delay or failure on the part of the Indemnified Party in notifying the Indemnifying Party shall
      relieve the Indemnifying Party from any obligation hereunder unless (and then solely to the extent) the Indemnifying Party is materially prejudiced thereby. If the claim for indemnity relates to a claim, action or allegation brought by a third party
      (a “Third-Party Claim”), the Indemnifying Party shall have the right to conduct the defense or settlement of such Third-Party Claim at the Indemnifying Party’s sole expense using counsel reasonably acceptable to the Indemnified Party, so long
      as the Indemnifying Party and such counsel conducts such defense actively and in a reasonably diligent manner and the Defense Conditions (defined below) have been, and continue to be, met. The Indemnified Party shall cooperate with the Indemnifying
      Party in connection such defense. The party not conducting the defense shall nonetheless have the right to participate in such defense at its own expense. The Indemnified Party shall have the right to approve the settlement of any Third-Party Claim
      that imposes any liability or obligation other than the payment of money damages for which the Indemnifying Party has accepted responsibility and has the financial wherewithal to satisfy. For purposes of this clause (c), “Defense Conditions”
      mean all of the following: (i) there is not, in the reasonable judgment of the Indemnified Party, a reasonable probability that the Third-Party Claim would adversely affect the business or goodwill of the Indemnified Party other than as a result of
      money damages and/or money payments (e.g., interfering with a business relationship); (ii) the Indemnifying Party has sufficient financial resources, in the reasonable judgment of the Indemnified Party, to satisfy the amount of any adverse monetary
      judgment that is reasonably likely to result; (iii) the Third-Party Claim does not include criminal charges; and (iv) the Indemnifying Party expressly agrees in writing to be fully responsible for all Losses relating to such Third-Party Claim,
      including any costs arising in connection with defending the claim. 

  

  
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  (d)     The rights and remedies of the parties set forth in this Agreement, including the
      indemnification rights set forth above, are not exclusive and are in addition to all other rights and remedies that may be available, including those under the Uniform Commercial Code.

   

  6.2           Insurance. Throughout the term of this Agreement and for a period of
      three (3) years thereafter, each party will, at its own expense, maintain and carry insurance in full force and effect with financially sound and reputable third-party insurers insuring risks on commercially reasonable terms and in amounts
      customarily insured by persons engaged in the same or a similar business as such party, including (a) comprehensive general liability insurance covering bodily injury, property damage, contractual liability, products liability and completed
      operations; (b) worker’s compensation and employer’s liability insurance; and (c) umbrella liability insurance, all in such amounts as are necessary to insure against the risks to its operations. All policies must be primary and non-contributing and
      must include the other party as an additional insured with a waiver of all rights of subrogation. To the extent commercially feasible, each party will notify the other at least 30 days prior to the cancellation or implementation of a material change
      in the foregoing policy coverages that would affect the other party’s interests. Upon request, each party will furnish to the other party as evidence of insurance a certificate of insurance.

   

  ARTICLE 7 TERM; TERMINATION

   

  7.1           Term and Termination. This Agreement will commence as of the Effective
      Date and will continue in effect for an initial term (the “Initial Term”) ending on the fifth anniversary of the Launch Date, unless earlier terminated as set forth herein. Thereafter, this Agreement will automatically renew for additional
      one-year terms unless (a) the parties mutually agree in writing to not renew the Agreement; or (b) either party gives written notice of non-renewal to the other at least 90 days before the end of the then-current term. In addition, this Agreement may
      be terminated, effective immediately, (x) by Supplier giving WBC notice of termination prior to the Launch Date in accordance with Section 4.2, if applicable, or (y) by either party giving the other party written notice of termination if the other
      party (i) breaches any of its obligations under this Agreement and fails to cure such breach to the reasonable satisfaction of the non-breaching party within 30 days after written notice thereof from the terminating party; or (ii) dissolves,
      liquidates or ceases to conduct business; or (z) by Supplier, at its sole option, by giving WBC 60 days’ prior written notice of termination within 60  days after Supplier is notified or otherwise becomes aware of a Change of Control that is
      consummated on or prior to the second (2nd) anniversary of the Effective Date. For the purposes hereof, a “Change of Control” means one (1) or more transactions
      which result in one or more Persons who are not Affiliates of the record or beneficial holders of the equity securities of WBC as of the Effective Date directly or indirectly owning (x) more than 50% of the economic or voting interests in WBC or (y)
      substantially all of the assets of WBC. 

  

  
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  7.2           Effects of Termination. Notwithstanding anything in this Agreement to the
      contrary, (a) the provisions of Section 5.2 and Articles 6 and 8 shall survive the expiration or termination of this Agreement, and (b) no termination or expiration of this Agreement, whether pursuant to this Article 7 or otherwise, will affect any
      party’s duty to satisfy any delivery, payment or other obligation pursuant to the terms of this Agreement that accrues prior to the effective date of such termination or expiration, including any Service Fee accruing prior to such termination or
      expiration or any obligation of Supplier pursuant to Section 7.3. In the event of the expiration or termination of this Agreement, (i) WBC shall cease all Services under this Agreement but shall fulfill all customer orders submitted prior to the
      effective date of termination or expiration, (ii) all customer orders for Products received by WBC after the effective date of termination or expiration shall be promptly referred to Supplier or its designee, and (iii) the parties shall reasonably
      cooperate to develop and effectuate a reasonable transition plan for an orderly cessation of the Services provided under this Agreement.

   

  7.3          Termination Payment. In consideration of the significant capital
      expenditures and other investments by WBC in furtherance of the transactions contemplated hereby, if this Agreement is terminated prior to the expiration of the Initial Term, other than by Supplier pursuant to Section 7.1(x), 7.1(y) or 7.1(z), then
      Supplier shall make a lump-sum termination payment to WBC, payable in cash within 30 days after the termination date, in an amount determined as follows:

   

  

  	 	The termination
	If the termination date is:	payment is:
	Prior to the 1st anniversary of the Launch Date	$[***]
	On or after the 1st anniversary of the Launch Date,

          but prior to the 2nd anniversary of the Launch Date	 $[***]
	On or after the 2nd anniversary of the Launch Date,

          but prior to the 3rd anniversary of the Launch Date	 $[***]
	On or after the 3rd anniversary of the Launch Date,

          but prior to the 4th anniversary of the Launch Date	 $[***]

   

  WBC shall have the right to offset the amount of any termination payment owed pursuant to this Section 7.3 against
      any amounts owed by WBC to Supplier hereunder. 

  

  
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  ARTICLE 8 MISCELLANEOUS

  

   

  8.1           Notices. All notices and other communications hereunder will be in
      writing and will be deemed duly given (a) on the date of delivery if delivered personally, (b) on the date of delivery if sent by email (without receipt of a notice of failed delivery), (c) on the first business day following the date of receipted
      delivery to a nationally recognized next-day courier, specifying overnight delivery or (d) on the earlier of confirmed receipt or the fifth business day following the date of mailing if delivered by registered or certified mail, return receipt
      requested, postage prepaid. All notices hereunder will be delivered to the addresses set forth on the signature page hereto.

   

  8.2           Governing Law; Binding Arbitration. This Agreement is governed by the
      laws of the State of Delaware without regard to the law of conflicts. [Any controversy or claim arising out of or relating to this Agreement, or the breach thereof, shall be settled by binding arbitration by the American Arbitration Association
      (“AAA”) in accordance with its Arbitration Rules then in effect. There shall be one (1) arbitrator agreed to by the parties within 20 days of a written request for arbitration. If the parties cannot agree, an arbitrator will be appointed by the AAA
      in accordance with its Arbitration Rules. Any award from any such arbitration proceeding may be entered as a judgment in any court of competent jurisdiction. Each party shall bear its own costs in connection with any arbitration hereunder. Nothing
      herein shall prevent either party from seeking injunctive relief (or any other provisional remedy) from any court having jurisdiction over the parties and the subject matter of the dispute as is necessary to protect either party’s proprietary
      rights.]

   

  8.3           Force Majeure. Neither party shall be held liable or responsible to the
      other party nor be deemed to have defaulted under or breached this Agreement for failure or delay in fulfilling or performing any term of this Agreement when such failure or delay is caused by or results from causes beyond the reasonable control of
      the affected party, including fire, floods, earthquakes, natural disasters, embargoes, war, acts of war (whether war be declared or not), acts of terrorism, insurrections, riots, civil commotions, acts of God or acts, omissions or delays in acting by
      any governmental authority, provided that such party promptly notifies the other party and resumes performance as soon as possible.

   

  8.4           Assignment. This Agreement and the rights and obligations hereunder shall
      be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns. Supplier may not assign any of its rights or delegate any of its obligations hereunder without the prior written consent of WBC,
      provided that Supplier may assign its rights hereunder without such consent to (a) any person or entity that acquires all or substantially all of its business or assets or the business and assets of the applicable business division or (b) an
      Affiliate of Supplier. Any purported assignment or delegation in violation of this section shall be null and void. No assignment or delegation shall relieve the assigning or delegating party of any of its obligations hereunder. Except as set forth in
      Section 6.1, this Agreement is for the sole benefit of the parties hereto and their respective successors and permitted assigns and nothing herein, express or implied, is intended to or shall confer upon any other person or entity any legal or
      equitable right, benefit or remedy of any nature whatsoever under or by reason of this Agreement.

   

  8.5           Waiver. Except as specifically provided for herein, the waiver from time
      to time by either party of any right or failure to exercise any remedy shall not operate or be construed as a continuing waiver of the same right or remedy or of any other of such party’s rights or remedies provided under this Agreement. All waivers
      must be in writing.

   

  8.6           Relationship of the Parties. The relationship of WBC and Supplier under
      this Agreement is that of independent contractors, and neither party nor its employees or agents shall be deemed to be employees or agents of the other for any purpose or under any circumstances. No partnership, joint venture, alliance, fiduciary or
      any relationship other than that of independent contractors is created hereby, expressly or by implication. Neither party has any authority under this Agreement to assume or create any obligations on behalf of or in the name of the other party or to
      bind the other party to any contract, agreement or undertaking with any third party. 

  

  
    14

    
      

  

   

  8.7           Counterparts. This Agreement may be executed (by facsimile, by electronic
      mail in “portable document format” (“.pdf”) form, or by any other electronic means intended to preserve the original graphic and pictorial appearance of a document) in any number of counterparts, each of which shall be deemed an original, but all of
      which together shall constitute one and the same instrument.

   

  8.8           Severability. If any provision of this Agreement is declared by a court
      of competent jurisdiction to be invalid, void or unenforceable, then such provision will be changed and interpreted to accomplish the objectives of such provision to the greatest extent possible under applicable law and the remaining provisions of
      this Agreement will continue in full force and effect.

   

  8.9          Warranty Disclaimer; Limitation of Liability.

   

  (a)      NO PARTY MAKES ANY WARRANTY WHATSOEVER WITH RESPECT TO ITS UNDERTAKINGS PURSUANT TO THIS
      AGREEMENT, INCLUDING ANY (I) WARRANTY OF MERCHANTABILITY; (II) WARRANTY OF FITNESS FOR A PARTICULAR PURPOSE; OR (III) WARRANTY AGAINST INFRINGEMENT OF INTELLECTUAL PROPERTY RIGHTS OF A THIRD PARTY; IN EACH CASE WHETHER EXPRESS OR IMPLIED BY LAW,
      COURSE OF DEALING, COURSE OF PERFORMANCE, USAGE OF TRADE OR OTHERWISE.

   

  (b)      IN NO EVENT SHALL ANY PARTY BE LIABLE FOR ANY LOSS OF USE, REVENUE OR PROFIT, OR FOR ANY
      CONSEQUENTIAL, INCIDENTAL, INDIRECT, EXEMPLARY, SPECIAL OR PUNITIVE DAMAGES, REGARDLESS OF WHETHER SUCH DAMAGES WERE FORESEEABLE AND WHETHER OR NOT THE PARTY HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES, AND NOTWITHSTANDING THE FAILURE OF ANY
      AGREED OR OTHER REMEDY OF ITS ESSENTIAL PURPOSE.

   

  8.10        Entire Agreement; Amendments. This Agreement (including the exhibits
      hereto) sets forth all of the agreements and understandings between the parties with respect to the subject matter hereof, and supersedes and terminates all prior agreements and understandings between the parties with respect to the subject matter
      hereof. Except as expressly set forth in this Agreement, no subsequent amendment, modification or addition to this Agreement shall be binding upon the parties hereto unless reduced to writing and signed by the respective authorized officers of the
      parties.

   

  8.11        Construction. The provisions of this Agreement shall be construed and
      interpreted fairly to both parties without regard to which party drafted the same. Whenever the context requires, words used in the singular shall be construed to mean or include the plural and vice versa, and pronouns of any gender shall be deemed
      to include and designate the masculine, feminine or neuter gender. The word “including” and words of similar import when used in this Agreement means “including without limitation.” 

  
    15

    
      

  

   

  

  IN WITNESS WHEREOF, the parties, through their respective duly authorized officers, have
      executed this Agreement to be effective as of the Effective Date.

   

     
  	 	SUPPLIER:	 
	 	 	 
	 	Obagi Cosmeceuticals LLC	 

   
   

   
  	 	By:	/s/ Jaime Castle	 

   
  	 	Name:	 	 

   
  	 	Title:	 	 

   
   

   
  	 	Address:	Obagi Cosmeceuticals LLC
	 	 	3760 Kilroy Airport Way, #500, Long Beach,, CA 90806
	 	 	Attn: Jaime Castle, President
	 	 	E-mail: jaimec@obagi.com

   
   

   
  	 	WBC:	 
	 	 	 
	 	WBC Group, LLC	 

   
   

        
  	 	By:	/s/ Kurt R. Packer	 

   
  	 	Name:	 Kurt R. Packer	 

   
  	 	Title:	 President	 

   
   

            
  	 	Address:	WBC Group, LLC
	 	 	6333 Hudson Crossing Parkway
	 	 	Hudson, OH 44236
	 	 	Attn: VP Finance
	 	 	E-mail: ecross@wbcgp.com

  

  

  
    16

    
      

  

   

  Exhibit A – Products and WAC

  

   

  	Obagi Item Number	Obagi Item Description	Product 

          Category	WAC/US Physician 

          List Price
	362032116365	Obagi Nu-Derm Sunfader 2.0 oz	 	$[***]
	362032070452	Nu-Derm Blend FxTM 2.0 oz	 	$[***]
	362032070445	Nu-Derm Clear FxTM 2.0 oz	 	$[***]
	362032524047	Obagi-C Rx System Norm-Dry	 	$[***]
	362032523040	Obagi-C Rx System Norm-Oily	 	$[***]
	362032521602	Obagi Nu-Derm Trial Kit Norm-Oily	 	$[***]
	362032519005	Obagi Nu-Derm Transformation Kit Norm-Oily	 	$[***]
	362032106106	Obagi-C Rx Clarify Serum N-D 1.0 oz	 	$[***]
	362032105369	Obagi-C Rx Therapy Night Cream 2.0 oz	 	$[***]
	362032101361	Obagi Nu-Derm Clear 2.0 oz	 	$[***]
	362032100364	Obagi Nu-Derm Blender 2.0 oz	 	$[***]
	301876101168	Obagi CLENZIderm Therapeutic Lotion 5% BPO 1.6 oz	 	$[***]
	362032077840	Obagi-C Fx C-Therapy Night Cream 2.0 oz	 	$[***]
	362032077833	Obagi-C Fx C-Clarifying Serum 1.0 fl oz	 	$[***]
	362032075075	Blue Peel RADIANCE® Kit	 	$[***]
	301876103018	Obagi CLENZIderm M.D. System	 	$[***]
	301876102042	Obagi CLENZIderm Pore Therapy 4.0 oz	 	$[***]
	301876100048	Obagi CLENZIderm Daily Care Foam Cleanser 4.0 oz	 	$[***]
	362032070582	Obagi Nu-Derm Healthy Skin Protection SPF 35 3.0 oz	 	$[***]
	362032070568	Obagi Back Bar Obagi Hydrate® 479 g	 	$[***]
	362032070551	Obagi Back Bar Foaming Gel 1.0 L	 	$[***]
	362032070537	Obagi Back Bar Sun Shield 479 g	 	$[***]
	362032070520	Obagi Back Bar Gentle Cleanser 1.0 L	 	$[***]
	362032070513	Obagi Back Bar Daily Care Foaming Cleanser 1.0 L	 	$[***]
	362032070506	Obagi Back Bar Exfoderm® Forte 479 g	 	$[***]
	362032070490	Obagi Back Bar Toner 1.0 L	 	$[***]
	362032070193	Obagi Hydrate 1.7 oz	 	$[***]
	362032070186	Obagi Nu-Derm Physical UV SPF 32 2.0 oz	 	$[***]
	362032070131	Obagi Nu-Derm Exfoderm Forte 2.0 oz	 	$[***]
	362032070117	Obagi Sun Shield Matte SPF 50 3.0 oz	 	$[***]
	362032070063	Obagi Nu-Derm Gentle Cleanser 6.7 oz	 	$[***]
	362032070056	Obagi Nu-Derm Foaming Gel 6.7 oz	 	$[***]
	362032070018	Obagi Nu-Derm Toner 6.7 oz	 	$[***]

  

  
     

    
      

  

  
    

  	Obagi Item Number	Obagi Item Description	Product 

          Category	WAC/US Physician 

          List Price
	362032065038	Obagi ELASTIderm Eye Complete Complex Serum 14 mL	 	$[***]
	362032065007	Obagi ELASTIderm Eye Cream 15 g	 	$[***]
	362032050539	Obagi Professional-C Serum 20% 1.0 oz	 	$[***]
	362032050522	Obagi Professional-C Serum 15% 1.0 oz	 	$[***]
	362032050515	Obagi Professional-C Serum 10% 1.0 oz	 	$[***]
	362032122106	Obagi-C Rx Clarify Serum N-O 1.0 oz	 	$[***]
	362032050133	Obagi-C Rx Balancing Toner 6.7 oz	 	$[***]
	362032050089	Obagi-C Rx Exfoliating Day Lotion 2.0 oz	 	$[***]
	362032050010	Obagi-C Rx Cleansing Gel 6.0 oz	 	$[***]
	362032414201	Obagi Tretinoin 0.025% Cream 20 g	 	$[***]
	362032075006	Original Blue Peel® Essential Kit	 	$[***]
	362032070209	Obagi Hydrate Luxe® 1.7 oz	 	$[***]
	362032412207	Obagi Tretinoin 0.05% Cream 20 g	 	$[***]
	362032417202	Obagi Tretinoin 0.1% Cream 20 g	 	$[***]
	362032070940	Obagi Gentle Rejuvenation Soothing Cleanser	 	$[***]
	362032070728	Obagi Gentle Rejuvenation Advanced Night Repair	 	$[***]
	362032070872	Obagi Gentle Rejuvenation Skin Rejuvenation Serum	 	$[***]
	362032070704	Obagi Gentle Rejuvenation Skin Calming Cream	 	$[***]
	362032070896	Obagi Gentle Rejuvenation Ultra Rich Eye Hydrating Cream	 	$[***]
	362032070735	Obagi Gentle Rejuvenation System Kit	 	$[***]
	362032070919	Obagi Nu-Derm Fx Starter System Norm-Oily	 	$[***]
	362032050584	Obagi-C Fx System Norm-Dry	 	$[***]
	362032050577	Obagi-C Fx System Norm-Oily	 	$[***]
	362032050546	Professional-C Suncare 1.7oz (48g)	 	$[***]
	362032050553	Professional-C Eye Brightener 0.5 fl oz (15ml)	 	$[***]
	362032050560	Professional-C Peptide Complex 1.0 fl oz (30 mL)	 	$[***]
	362032070247	Obagi360 HydraFactor Broad Spectrum SPF 30 2.5 oz	 	$[***]
	362032070162	Obagi360 Retinol 1.0 1.0 oz	 	$[***]
	362032070179	Obagi360 Retinol 0.5 1.0 oz	 	$[***]
	362032413204	Obagi Tretinoin 0.05% Gel 20 g	 	$[***]
	362032810034	Obagi Sun Shield Mineral SPF 50 3.0 oz	 	$[***]
	362032150109	Sun Shield Tint Broad Spectrum SPF 50 Cool 3.0 oz	 	$[***]
	362032160108	Sun Shield Tint Broad Spectrum SPF 50 Warm 3.0 oz	 	$[***]
	301876104176	Obagi CLENZIderm Therapeutic Moisturizer 1.7 oz	 	$[***]
	362032580883	Obagi360 System	 	$[***]
	362032570518	Obagi360 Exfoliating Cleanser 5.1 oz	 	$[***]

  

  
    A-2

    
      

  

    

  

  	Obagi Item Number	Obagi Item Description	Product 

          Category	WAC/US Physician 

          List Price
	362032072029	Obagi Nu-Derm Exfoderm® 2.0
            oz	 	$[***]
	362032526065	Obagi Nu-Derm Transformation Kit Norm-Dry	 	$[***]
	362032527079	Obagi Nu-Derm Fx Starter System Norm-Dry	 	$[***]
	362032528076	Obagi Nu-Derm Trial Kit Norm-Dry	 	$[***]
	362032530451	
          KèraPhine Body Smoothing Lotion 6.7 oz 

        	 	$[***]
	362032600017	SuzanObagiMD Retivance® Skin
            Rejuvenating Complex 1.0 oz (30g)	 	$[***]
	362032601021	SuzanObagiMD Intensive Daily Repair Exfoliating and Hydrating Lotion 2oz (60g)	 	$[***]
	362032602158	SuzanObagiMD Soothing Complex Calming Lotion SPF25 1.6oz (47g)	 	$[***]
	362032603667	SuzanObagiMD Foaming Cleanser 6.7 fl oz (200ml)	 	$[***]
	362032604664	SuzanObagiMD. Balancing Toner 6.7 fl oz (200ml)	 	$[***]
	362032605258	SuzanObagiMD On the Go Cleansing and Makeup Removing Wipes 25’s	 	$[***]
	362032606255	SuzanObagiMD On the Go Cleansing Wipes for Oily or Acne Prone Skin 25’s	 	$[***]
	 	Sample/Travel Sizes	 	$[***]
	362032078083	Nu-Derm Toner 2OZ Travel	 	$[***]
	362032078144	Nu-Derm GENTLE CLEANSER 2OZ Travel	 	$[***]
	362032078076	Nu-Derm FOAM GEL 2OZ Travel	 	$[***]
	362032070148	SUNSHIELD MATTE SPF50 1OZ Travel	 	$[***]
	362032150994	OMP Sunshield Tint Cool SPF50 5gm Sample	 	$[***]
	362032160993	OMP Sunshield Tint Warm SPF50 5gm Sample	 	$[***]
	362032075082	BLUE PEEL RADIANCE PREP SOLUTION 6.7OZ - ships with Blue Peel Radiance Kit	 	$[***]

  

  

  
    A-3

    
      

  

   

  Exhibit B – WBC Webpages

   

  A customized, online ordering portal, designed, hosted and maintained by WBC, where both Supplier’s customers
        and Supplier field sales representatives (on behalf of an Supplier’s customer) will be able place electronic orders for all Products. Portal will include search functionality, order tracking, product images, descriptions, categories, features,
        product availability, favorites lists, and sales information for Supplier’s field sales representatives and can be accessed directly or through a link created by Supplier on Supplier Webpages. 

  
     

    
      

  

   

  Exhibit C – No Charge Programs

  

   

  	 	 	 	 	 	# of Orders
	 	 	 	 	Units per	Annual
	Free Product Services 	Frequency 	# of Orders 	LPO 	Order	Activity Est. 
	 	 	 	 	 	 
	Buy Back Program	[***]	[***]	[***]	[***]	[***]
	RX Samples to Physicians	[***]	[***]	[***]	[***]	[***]
	Non-Rx (OTC & cosmetic SKUS) Carstock to Sales Reps	[***]	[***]	[***]	[***]	[***]
	RX DEMO product to Sales Reps	[***]	[***]	[***]	[***]	[***]
	Obagi Medical System Seminar (OMSS) Supplies	[***]	[***]	[***]	[***]	[***]
	No Charge Replacements	[***]	[***]	[***]	[***]	[***]
	No Charge QA Replacements	[***]	[***]	[***]	[***]	[***]
	No Charge Marketing Collateral	
          [***]

          

        	
          [***]

          

        	
          [***]

          

        	
          [***]

          

        	
          [***]

          

        
	No Charge Product Shipments to patients	[***]	[***]	[***]	[***]	[***]
	No Charge (or high discounted charge) product shipments to physicians	[***]	[***]	[***]	[***]	[***]
	No Charge Product Shipments to physicians	[***]	[***]	[***]	[***]	[***]

  

  

  
     

    
      

  

   

  Exhibit D – Customer Product Returns Policy

   

  Customer QA Replacements 

  		●	WBC will triage all quality assurance related returns (defective, low fill, broken seal, visible contamination, twist and snap issue, etc.) to Supplier Customer Service

  

  		●	Supplier Customer Service will document information received from the customer (lot, expiration date, quality issue).

  

  		●	If required by Supplier Quality Assurance, Supplier Customer Service will provide a pre-paid shipping label to the customer to return the Product to Supplier. The
            Product goes directly for inspection or disposal to the Quality Assurance Department.

  

  		●	If a replacement is required, the information will be e-mailed to WBC who is then authorized to re-ship the Product at no charge. WBC will use the case number as
            the purchase order for the Product re-shipment. WBC will bill Supplier under the No Charge Program – No Charge QA Replacements.

  

  		●	In some instances, a Product credit will be authorized by Supplier Customer Service instead of a Product replacement. WBC will credit the customer’s account and
            bill Supplier for the Product cost.

   

  Customer non-QA Replacements 

  		●	Supplier Customer Service will receive calls and emails from customers related to non-QA patient dissatisfaction returns seeking replacement Product.

  

  		●	Twice monthly, Supplier Customer Service will provide a file to WBC with customer’s account number, shipping address, replacement Product, and quantity.

  

  		●	WBC is authorized to ship the replacement Product, referencing the purchase order number on the file, and bill under the No Charge Program – No Charge Replacements.

   

  Customer Returns 

  		●	WBC is responsible for processing customer returns and crediting the customer’s account without any pass through charges to Supplier for orders that are
            undeliverable or are returned due to carrier issues or other normal business processes inherent in WBC’s daily operations. This includes data entry errors by customer care and warehouse shipping errors.

   

  		●	For any return outside of Product quality reasons or mis-shipments, customers can return Product within 30 days of date of original shipment date. WBC is
            responsible for processing returns and crediting the customer’s account. WBC will only bill Supplier for the Product cost if the Product cannot be restocked.

   

  		●	No returns over 30 days unless approved by Supplier and may be subject to a restocking fee. Upon approval by Supplier, WBC is responsible for processing returns and
            crediting the customer’s account. WBC will only bill Supplier for the Product cost if the Product cannot be restocked.

   

  		●	Any exceptions, including order errors by Supplier Sales Consultants, must be approved by Supplier.

   

  		●	Product returned to WBC from customers can be restocked within 60 days of original shipment to the customer. If return Product cannot be restocked by WBC, WBC will require approval
            from Supplier to process the return, credit the customer’s account and bill Supplier for the cost of the Product.

  

  
     

    
      

  

   

  Exhibit E – Transaction Assumptions

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