Document:

Exhibit10.2

 

Annex
A to Fifteenth Amendment

 

 

$16,416,905

 

Amended
and Restated Senior Secured Credit Agreement

 

Dated
as of June 5, 2020

 

Among

 

CL
Media Holdings LLC,

as Borrower,

 

The
Lenders Party Hereto,

 

and

 

Centre
Lane Partners Master Credit Fund II, L.P.,

as Administrative Agent and Collateral Agent

 

 

 

    	 

     

    

 

Table
of Contents

 

	SECTION	 	HEADING	 	PAGE
	 	 	 	 	 	 
	ARTICLE
    I	 	DEFINITIONS
    AND ACCOUNTING TERMS	 	1
	 	 	 	 	 	 
	 	Section
    1.01.	 	Defined
    Terms	 	1
	 	Section
    1.02.	 	Other
    Interpretive Provisions	 	32
	 	Section
    1.03.	 	Accounting
    Terms	 	32
	 	Section
    1.04.	 	Rounding	 	33
	 	Section
    1.05.	 	References
    to Agreements, Laws, Etc.	 	33
	 	Section
    1.06.	 	Times
    of Day	 	33
	 	Section
    1.07.	 	Timing
    of Payment or Performance	 	33
	 	Section
    1.08.	 	Currency
    Equivalents Generally	 	33
	 	 	 	 	 	 
	ARTICLE
    II	 	THE
    COMMITMENTS AND CREDIT EXTENSIONS	 	34
	 	 	 	 	 	 
	 	Section
    2.01.	 	The
    Loans	 	34
	 	Section
    2.02.	 	[Reserved]	 	36
	 	Section
    2.03.	 	Prepayments	 	36
	 	Section
    2.04.	 	Repayment
    of Loans	 	38
	 	Section
    2.05.	 	Interest	 	39
	 	Section
    2.06.	 	Fees	 	39
	 	Section
    2.07.	 	Computation
    of Interest and Fees	 	40
	 	Section
    2.08.	 	Evidence
    of Indebtedness	 	40
	 	Section
    2.09.	 	Payments
    Generally	 	41
	 	Section
    2.10.	 	Sharing
    of Payments	 	42
	 	Section
    2.11.	 	[Reserved]	 	43
	 	Section
    2.12.	 	Removal
    or Replacement of a Lender	 	43
	 	 	 	 	 	 
	ARTICLE
    III	 	TAXES,
    INCREASED COSTS PROTECTION AND ILLEGALITY	 	44
	 	 	 	 	 	 
	 	Section
    3.01.	 	Taxes	 	44
	 	Section
    3.02.	 	Illegality	 	47
	 	Section
    3.03.	 	Increased
    Cost and Reduced Return; Capital Adequacy	 	48
	 	Section
    3.04.	 	Matters
    Applicable to All Requests for Compensation	 	49
	 	Section
    3.05.	 	Survival	 	49
	 	 	 	 	 	 
	ARTICLE
    IV	 	CONDITIONS
    PRECEDENT	 	49
	 	 	 	 	 	 
	 	Section
    4.01.	 	Conditions
    to the Effective Date	 	49
	 	 	 	 	 	 
	ARTICLE
    V	 	REPRESENTATIONS
    AND WARRANTIES	 	52
	 	 	 	 	 	 
	 	Section
    5.01.	 	Existence,
    Qualification and Power; Compliance with Laws	 	52
	 	Section
    5.02.	 	Authorization;
    No Contravention	 	52
	 	Section
    5.03.	 	Governmental
    Authorization; Other Consents	 	53
	 	Section
    5.04.	 	Binding
    Effect	 	53
	 	Section
    5.05.	 	No
    Material Adverse Effect	 	53

 

    	-i-

     

    

 

	 	Section
    5.06.	 	Litigation	 	53
	 	Section
    5.07.	 	Ownership
    of Property; Liens	 	53
	 	Section
    5.08.	 	Perfection
    of Security Interests	 	54
	 	Section
    5.09.	 	Reserved	 	54
	 	Section
    5.10.	 	Taxes	 	54
	 	Section
    5.11.	 	Compliance
    with ERISA	 	55
	 	Section
    5.12.	 	Labor
    Matters	 	55
	 	Section
    5.13.	 	Insurance	 	55
	 	Section
    5.14.	 	Subsidiaries;
    Equity Interests	 	55
	 	Section
    5.15.	 	Margin
    Regulations; Investment Company Act; PATRIOT Act	 	55
	 	Section
    5.16.	 	Disclosure	 	56
	 	Section
    5.17.	 	Intellectual
    Property	 	57
	 	Section
    5.18.	 	Solvency	 	57
	 	Section
    5.19.	 	Material
    Agreements	 	57
	 	 	 	 	 	 
	ARTICLE
    VI	 	AFFIRMATIVE
    COVENANTS	 	57
	 	 	 	 	 	 
	 	Section
    6.01.	 	Financial
    Statements	 	57
	 	Section
    6.02.	 	Certificates;
    Reports; Other Information	 	58
	 	Section
    6.03.	 	Notice
    Requirements; Other Information	 	59
	 	Section
    6.04.	 	Environmental
    Matters	 	61
	 	Section
    6.05.	 	Maintenance
    of Existence	 	62
	 	Section
    6.06.	 	Maintenance
    of Properties	 	63
	 	Section
    6.07.	 	Maintenance
    of Insurance	 	63
	 	Section
    6.08.	 	Compliance
    with Laws	 	63
	 	Section
    6.09.	 	Books
    and Records	 	63
	 	Section
    6.10.	 	Inspection
    Rights/Lender Meetings	 	63
	 	Section
    6.11.	 	Covenant
    to Guaranty Obligations and Give Security	 	64
	 	Section
    6.12.	 	Use
    of Proceeds	 	66
	 	Section
    6.13.	 	Further
    Assurances	 	66
	 	Section
    6.14.	 	Taxes	 	67
	 	Section
    6.15.	 	End
    of Fiscal Years; Fiscal Quarters	 	67
	 	Section
    6.16.	 	ERISA	 	67
	 	Section
    6.17.	 	SBA
    PPP Loan	 	68
	 	Section
    6.18.	 	Post-Closing
    Obligations	 	68
	 	 	 	 	 	 
	ARTICLE
    VII	 	NEGATIVE
    COVENANTS	 	69
	 	 	 	 	 	 
	 	Section
    7.01.	 	Liens	 	69
	 	Section
    7.02.	 	Investments	 	71
	 	Section
    7.03.	 	Indebtedness	 	72
	 	Section
    7.04.	 	Fundamental
    Changes	 	74
	 	Section
    7.05.	 	Dispositions	 	74
	 	Section
    7.06.	 	Restricted
    Payments	 	75
	 	Section
    7.07.	 	Change
    in Nature of Business	 	76
	 	Section
    7.08.	 	Transactions
    with Affiliates	 	76

 

    	-ii-

     

    

 

	 	Section
    7.09.	 	Prepayments
    of Certain Indebtedness; Modifications of Certain Indebtedness; Payments of Interest on Convertible Notes and Indebtedness	 	76
	 	Section
    7.10.	 	Negative
    Pledge	 	77
	 	Section
    7.11.	 	Amendments
    to Organization Documents	 	77
	 	Section
    7.12.	 	Sale
    Leasebacks	 	77
	 	Section
    7.13.	 	[Reserved]	 	77
	 	Section
    7.14.	 	Accounting
    Changes	 	77
	 	Section
    7.15.	 	OFAC	 	78
	 	 	 	 	 	 
	ARTICLE
    VIII	 	EVENTS
    OF DEFAULT AND REMEDIES	 	78
	 	 	 	 	 	 
	 	Section
    8.01.	 	Events
    of Default	 	78
	 	Section
    8.02.	 	Remedies
    Upon Event of Default	 	81
	 	Section
    8.03.	 	Application
    of Funds	 	81
	 	 	 	 	 	 
	ARTICLE
    IX	 	ADMINISTRATIVE
    AGENT AND OTHER AGENTS	 	82
	 	 	 	 	 	 
	 	Section
    9.01.	 	Appointment
    and Authorization of Agents	 	82
	 	Section
    9.02.	 	Delegation
    of Duties	 	83
	 	Section
    9.03.	 	Liability
    of Agents	 	84
	 	Section
    9.04.	 	Reliance
    by Agents	 	84
	 	Section
    9.05.	 	Notice
    of Default	 	84
	 	Section
    9.06.	 	Credit
    Decision; Disclosure of Information by Agents	 	85
	 	Section
    9.07.	 	Indemnification
    of Agents	 	85
	 	Section
    9.08.	 	Agents
    in their Individual Capacities	 	86
	 	Section
    9.09.	 	Successor
    Agents	 	86
	 	Section
    9.10.	 	Administrative
    Agent May File Proofs of Claim	 	87
	 	Section
    9.11.	 	Release
    of Collateral and Guaranty	 	88
	 	 	 	 	 
	ARTICLE
    X	 	MISCELLANEOUS	 	89
	 	 	 	 	 	 
	 	Section
    10.01.	 	Amendments,
    Etc.	 	89
	 	Section
    10.02.	 	Notices
    and Other Communications	 	90
	 	Section
    10.03.	 	No
    Waiver; Cumulative Remedies	 	92
	 	Section
    10.04.	 	Costs
    and Expenses	 	92
	 	Section
    10.05.	 	Indemnification
    by Borrower	 	93
	 	Section
    10.06.	 	Payments
    Set Aside	 	94
	 	Section
    10.07.	 	Successors
    and Assigns	 	94
	 	Section
    10.08.	 	Confidentiality	 	98
	 	Section
    10.09.	 	Setoff	 	98
	 	Section
    10.11.	 	Integration	 	99
	 	Section
    10.12.	 	Survival
    of Representations and Warranties	 	99
	 	Section
    10.13.	 	Severability	 	99
	 	Section
    10.14.	 	GOVERNING
    LAW	 	99
	 	Section
    10.15.	 	WAIVER
    OF RIGHT TO TRIAL BY JURY	 	100
	 	Section
    10.16.	 	Binding
    Effect	 	100
	 	Section
    10.17.	 	Lender
    Action	 	100
	 	Section
    10.18.	 	PATRIOT
    Act	 	100
	 	Section
    10.19.	 	No
    Advisory or Fiduciary Responsibility	 	101
	 	Section
    10.20.	 	No
    Novation	 	101

 

    	-iii-

     

    

 

	Schedule	 	 
	 	 	 
	Schedule 1	—	Guarantors
	Schedule 2.01(a)	—	Commitments
	Schedule 5.02	—	Authorizations;
    No Contravention
	Schedule 5.03	—	Governmental
    Authorization; Other Consents
	Schedule 5.07(b)	—	Real
    Property
	Schedule 5.08	—	Collateral
    Filings and Perfection Matters
	Schedule 5.10	—	Taxes
	Schedule 5.14	—	Subsidiaries
    and Other Equity Investments
	Schedule 5.17	—	Intellectual
    Property
	Schedule 5.19	—	Material
    Agreements
	Schedule 7.01(b)	—	Existing
    Liens
	Schedule 7.02(e)	—	Existing
    Investments
	Schedule 7.03(b)	—	Surviving
    Indebtedness
	Schedule 7.12	—	Existing
    Sale Leasebacks
	Schedule 10.02	—	Administrative
    Agent’s Office, Certain Addresses for Notices

 

	Exhibits	 	 

 

	Exhibit A	—	Form
    of Prepayment Notice
	Exhibit B	—	Form
    of Note
	Exhibit C	—	[Reserved]
	Exhibit D	—	Form
    of Assignment and Assumption
	Exhibit E	—	Form
    of Guaranty
	Exhibit F	—	Form
    of Security Agreement
	Exhibit G	—	Form
    of Securities Pledge Agreement
	Exhibit H	—	Form
    of Intellectual Property Security Agreement
	Exhibit
    I	—	Form
    of Solvency Certificate

 

    	-iv-

     

    

 

Amended
and Restated Senior Secured Credit Agreement

 

This
Amended and Restated Senior Secured Credit Agreement (this “Agreement”)
is entered into as of June 5, 2020 among CL Media Holdings LLC, a Delaware limited liability
company (“Borrower”), each financial institution from time to time party hereto as lender (each, a “Lender”
and collectively, the “Lenders”), and Centre Lane Partners Master Credit
Fund II, L.P., as administrative agent for the Lenders (in such capacity, and together with its successors and assigns, the “Administrative
Agent”) and as collateral agent for the Lenders (in such capacity, and together with its successors and assigns, the “Collateral
Agent”).

 

Recitals

 

Whereas,
Borrower, the Lenders and the Administrative Agent have
previously entered into that certain Senior Secured Credit Agreement, dated as of January 31, 2019 (as amended prior to the date hereof,
the “Existing Credit Agreement”), pursuant to which the Lenders extended certain term loans to the Borrower under
the terms of the Existing Credit Agreement;

 

Whereas,
Borrower, the Lenders and the Administrative Agent desire to continue certain outstanding term loans and to amend and restate the Existing
Credit Agreement on the terms and conditions set forth herein;

 

Whereas,
capitalized terms used in these Recitals shall have the respective meanings set forth for such terms in Article I hereof;

 

Whereas,
Borrower has agreed to secure all of its Obligations by granting to Collateral Agent, for the benefit of Secured Parties, a Lien on substantially
all of its assets, including a first priority pledge of all of the Equity Interests of each of its Subsidiaries; and

 

WHEREAS,
the Guarantors have agreed to guarantee the obligations of Borrower hereunder and to secure their respective Obligations by granting
to Collateral Agent, for the benefit of Secured Parties, a Lien on substantially all of their respective assets, including a first priority
pledge of all of the Equity Interests of each of their respective Subsidiaries (including Borrower).

 

Now,
Therefore, in consideration of the premises and the
mutual covenants and agreements herein contained and of the Loans and extensions of credit herein provided, the parties hereto agree
as follows:

 

Article
I

 

Definitions
and Accounting Terms

 

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

 

    	 

    	 

    

 

“2021
Preferred Stock” has the meaning set forth in the preliminary statements to the First Amendment.

 

“2021
Preferred Stock Issuance” has the meaning set forth in the preliminary statements to the First Amendment.

 

“2021
Loans” means, collectively, the 2021 Term Loans, 2021 Additional Term Loans, 2021 New Term Loans, the 2021 October New Term
Loans, the Sixth Amendment Term Loans, the Seventh Amendment Term Loans and the Eighth Amendment Term Loans.

 

“2021
Additional Term Loans” has the meaning set forth in the preliminary statements of the Third Amendment.

 

“2021
Additional Term Loan Commitments” has the meaning set forth in the preliminary statements of the Third Amendment.

 

“2021
October New Term Loans” has the meaning set forth in the preliminary statements of the Fifth Amendment.

 

“2021
October New Term Loan Commitments” has the meaning set forth in the preliminary statements of the Fifth Amendment.

 

“2021
New Term Loans” has the meaning set forth in the preliminary statements of the Fourth Amendment.

 

“2021
New Term Loan Commitments” has the meaning set forth in the preliminary statements of the Fourth Amendment.

 

“2021
Term Loans” has the meaning set forth in the preliminary statements of the Second Amendment.

 

“2021
Term Loan Commitments” has the meaning set forth in the preliminary statements of the Second Amendment.

 

 

“Acceptable
Preferred Stock Issuance Terms” means the required terms of the 2021 Preferred Stock Issuance as set forth below:

 

 (i)
Parent shall receive consideration in the form of cash to be paid on the closing date of the 2021 Preferred Stock Issuance in an aggregate
amount not less than $6,000,000;

 

 (ii)
the 2021 Preferred Stock, or any instrument in respect thereof, shall not provide for the payment of cash dividends in excess of 10.00%,
which may not be paid more frequently than once per Fiscal Quarter;

 

    	-2-

    	 

    

 

 (iii)
the 2021 Preferred Stock shall be convertible to common equity of the Parent at $0.75 per share;

 

 (iv)
the form and substance of the principal documentation for the 2021 Preferred Stock Issuance shall be acceptable to the Administrative
Agent in its sole discretion; and

 

 (v)
the proceeds from the 2021 Preferred Stock Issuance shall be used solely for liquidity and working capital purposes of the Loan Parties.

 

“Accounting
Changes” means changes in accounting principles required by the promulgation of any rule, regulation, pronouncement or opinion
by the Financial Accounting Standards Board of the American Institute of Certified Public Accountants (or successor thereto or any agency
with similar functions).

 

“Acquisition”
means any acquisition by Borrower or any of the Guarantors, whether by purchase, merger or otherwise, of all or substantially all
of the assets of, all of the Equity Interests of, or a business line or unit or a division of, any Person.

 

“Administrative
Agent” has the meaning specified in the first paragraph of this Agreement or any successor administrative agent appointed in
accordance with Section 9.09.

 

“Administrative
Agent’s Office” means, the Administrative Agent’s address and, as appropriate, account as set forth on Schedule
10.02, or such other address or account as the Administrative Agent may from time to time notify Borrower and the Lenders.

 

“Affiliate”
means, in respect of any Person:

 (a) any
Person which, directly or indirectly, controls, is controlled by or is under common control with such Person; and for the purposes of
this definition, “control” (including, with correlative meanings, the terms “controlled by” or “under common
control with”) means the power to direct or cause the direction of the management and policies of any Person, whether through the
ownership of voting Equity Interests or by contract or otherwise; or

 

 (b) any
Person, 10% or more of any class of shares (or in the case of a Person that is not a corporation, 10% or more of the partnership or other
Equity Interests) of which is beneficially owned or held by such Person or a Subsidiary of such Person.

 

“Agent-Related
Persons” means the Agents, together with their respective Affiliates, and the officers, directors, employees, partners, agents
and attorneys-in-fact of such Persons and Affiliates.

 

“Agents”
means, collectively, the Administrative Agent and the Collateral Agent.

 

“Aggregate
Commitments” means the Commitments of all the Lenders as in effect from time to time. As of the Effective Date, the amount
of the Aggregate Commitments is $16,416,905.

 

    	-3-

    	 

    

 

“Agreement”
has the meaning specified in the introductory paragraph hereto.

 

“Applicable
Lending Office” means for any Lender, such Lender’s office, branch or affiliate as notified to the Administrative Agent
and Borrower or as otherwise specified in the Assignment and Assumption pursuant to which such Lender became a party hereto, any of which
offices may, subject to Section 3.02 and Section 3.03(d), be changed by such Lender upon ten (10) days’ prior written notice to
the Administrative Agent and Borrower; provided that for the purposes of the definition of “Excluded Taxes” and Section
3.01, any such change shall be deemed an assignment made pursuant to an Assignment and Assumption.

 

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

 

“Assignment
and Assumption” means an Assignment and Assumption substantially in the form of Exhibit D.

 

“Attorney
Costs” means and includes all reasonable and documented fees, out-of-pocket expenses and actual disbursements of any law firm
or other external legal counsel.

 

“Attributable
Indebtedness” means, at any date, without duplication, (a) in respect of any Capital Lease Obligation (other than a lease resulting
from a Sale Leaseback) of any Person, the capitalized amount thereof that would appear on a balance sheet of such Person prepared as
of such date in accordance with GAAP, (b) in respect of any Synthetic Lease Obligation of any Person, the capitalized or principal amount
of the remaining lease payments under the relevant lease that would appear on a balance sheet of such Person prepared as of such date
in accordance with GAAP if such lease or other agreement were accounted for as a Capital Lease, (c) in respect of any Sale Leaseback,
the lesser of (i) the present value, discounted in accordance with GAAP at the interest rate implicit in the related lease, of the obligations
of the lessee for net rental payments over the remaining term of such lease (including any period for which such lease has been extended
or may, at the option of the lessor be extended) and (ii) the fair market value of the assets subject to such transaction, and (d) all
Synthetic Debt of such Person.

 

“Bankruptcy
Code” means Title 11 of the United States Code entitled “Bankruptcy”, as now and hereafter in effect, or any successor
statute.

 

“Borrower”
has the meaning specified in the introductory paragraph hereto.

 

“Borrowing”
means a borrowing consisting of Loans made by the Lenders pursuant to Section 2.01.

 

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

 

    	-4-

    	 

    

 

“Capital
Expenditures” means, for any period and with respect to any Person, any and all expenditures made by such Person or any of
its Subsidiaries in such period for assets added to or reflected in its property, plant and equipment accounts or other similar capital
asset accounts or comparable items or any other capital expenditures that are, or should be, set forth as “additions to plant,
property and equipment” on the consolidated financial statements of such Person and its Subsidiaries prepared in accordance with
GAAP, whether such asset is purchased for cash or financed as an account payable or by the incurrence of Indebtedness, accrued as a liability
or otherwise.

 

“Capital
Lease” means, with respect to any Person, any leasing or similar arrangement conveying the right to use any personal property
by that Person as lessee that, in conformity with GAAP, is required to be accounted for as a capital lease on the balance sheet of such
Person; provided that with respect to leases that are accounted for by any Person as operating leases as of the Effective Date
or are entered into after the Effective Date, and would have been accounted for as operating leases if such lease had been in effect
on the Effective Date such leases may, in the sole discretion of Parent, be accounted for as operating leases and not as Capital Leases.

 

“Capital
Lease Obligation” means, with respect to any Person, all monetary or financial obligations of such Person and its Subsidiaries
under any Capital Leases, and the amount of such obligations shall be the capitalized amount thereof determined in accordance with GAAP
and the stated maturity thereof shall be the date of the last payment of any amount due under such lease prior to the first date on which
such lease may be terminated by the lessee without payment of a penalty; provided that any obligations that were not required
to be included on the balance sheet of such Person as capital lease obligations when incurred but are subsequently re-characterized as
capital lease obligations due to a change in accounting rules after the Closing Date shall for all purposes hereunder not be treated
as a Capital Lease Obligation.

 

“CARES
Act” means the Coronavirus Aid, Relief, and Economic Security Act and applicable rules and regulations, as amended from time
to time. For the avoidance of doubt, references to specific sections of the CARES Act shall also include applicable rules and regulations,
as amended from time to time.

 

“CARES
Allowable Uses” means “allowable uses” of proceeds of an SBA PPP Loan as described in Section 1102 of the CARES
Act.

 

“Cash
Equivalents” means any of the following, to the extent owned by the Loan Parties free and clear of all Liens, other than Liens
that are Permitted Liens under Sections 7.01(a) or (j), and having a maturity of not greater than 365 days from the date of acquisition
thereof: (a) readily marketable direct obligations of the government of the United States or any agency or instrumentality thereof or
obligations unconditionally guaranteed by the full faith and credit of the government of the United States, (b) insured certificates
of deposit of or time deposits with any domestic commercial bank having capital and surplus in excess of $500,000,000, (c) repurchase
obligations of any commercial bank satisfying the requirements of clause (b) of this definition, having a term of not more than thirty
(30) days, with respect to securities issued or fully guaranteed or insured by the government of the United States, (d) securities with
maturities of 365 days or less from the date of acquisition that are issued or fully guaranteed by any state, district or territory of
the United States, by any political subdivision or taxing authority of any such state, district or territory or by any foreign government,
the securities of which state, district or territory, taxing authority or foreign government (as the case may be) are rated at least
A by S&P or A by Moody’s, (e) securities with maturities of six (6) months or less from the date of acquisition backed by standby
letters of credit issued by any commercial bank satisfying the requirements of clause (b) of this definition, (f) money market mutual
or similar funds that invest substantially all of their assets in one or more type of securities satisfying the requirements of clauses
(a) through (e) of this definition, or (g) Investments, classified in accordance with GAAP as current assets of the Loan Parties, in
money market investment programs registered under the Investment Company Act of 1940, as amended, which are administered by financial
institutions having capital of at least $500,000,000, and the portfolios of which are limited solely to Investments of the character,
quality and maturity described in clauses (a) and (b) of this definition.

 

    	-5-

    	 

    

 

“Cash
Pay Rate” means 8% per annum.

 

“Casualty
Event” means any casualty, loss, damage, destruction or other similar loss with respect to real or personal property or improvements.

 

“CERCLA”
means the Comprehensive Environmental Response, Compensation and Liability Act of 1980, as amended from time to time.

 

“CERCLIS”
means the Comprehensive Environmental Response, Compensation and Liability Information System maintained by the U.S. Environmental
Protection Agency.

 

“Change
in Law” means (a) the adoption of any law, treaty, order, policy, rule or regulation after the date of this Agreement, (b)
any change in any law, treaty, order, policy, rule or regulation or in the interpretation or application thereof by any Governmental
Authority after the date of this Agreement or (c) the making or issuance of any guideline, request or directive issued or made after
the date hereof by any central bank or other Governmental Authority (whether or not having the force of law); provided that notwithstanding
anything herein to the contrary, (x) the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules, guidelines,
requirements or directives thereunder or issued in connection therewith or in implementation thereof and (y) all requests, rules, guidelines,
requirements or directives promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any
successor or similar authority) or the United States regulatory authorities, in each case pursuant to Basel III, shall in each case be
deemed to be a “Change in Law”, regardless of the date enacted, adopted, issued or implemented.

 

“Change
of Control” means (i) any Person or “group” (within the meaning of Rules 13d 3 and 13d 5 under the Exchange Act),
other than W. Kip Speyer, (a) shall have acquired beneficial ownership of 40% or more on a fully diluted basis of the voting and/or economic
interest in the Equity Interests of Parent or (b) shall have obtained the power (whether or not exercised) to elect at least a majority
of all of the members of the board of directors (or similar governing body) of Parent; (ii) at least a majority of all of the seats (other
than vacant seats) on the board of directors (or similar governing body) of Parent cease to be occupied by Persons who either (a) were
members of the board of directors of Parent on the Effective Date or nominated by a shareholder or group of shareholders having a right
to nominate or appoint a member of the board of directors of Parent based on agreements between such shareholder or group of shareholders
and Parent in effect on the Effective Date, or (b) were nominated for election by the board of directors of Parent, a majority of whom
were directors on the Effective Date or whose election or nomination for election was previously approved by a majority of such directors;
(iii) except as otherwise permitted in this Agreement, Parent ceases to beneficially own and control, directly or indirectly, 100% on
a fully diluted basis of the economic and voting interests in the Equity Interests of each other Loan Party (other than Borrower); or
(iv) Parent ceases to beneficially own and control, directly or indirectly, 100% on a fully diluted basis of the economic and voting
interests in the Equity Interests of Borrower.

 

    	-6-

    	 

    

 

“CL
Media Acquisition Agreement” means that certain Membership Interest Purchase Agreement, dated as of the Effective Date, by
Parent, as buyer, Borrower, as company, and Centre Lane Partners Master Credit Fund II, L.P., as member, together with all exhibits and
schedules thereto, as the same may be amended, supplemented or modified from time to time.

 

“Closing
Date” means January 31, 2019.

 

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

 

“Collateral”
means all the “Collateral” as defined in any Collateral Document and all other property or assets that are required under
the terms of the Loan Documents to be subject to Liens in favor of the Administrative Agent and/or the Collateral Agent for the benefit
of the Secured Parties and shall include the Mortgaged Properties, if any.

 

“Collateral
Agent” has the meaning specified in the first paragraph of this Agreement or any successor collateral agent appointed in accordance
with Section 9.09.

 

“Collateral
and Guaranty Requirement” means, at any time, the requirement that:

 

 (a) the
Collateral Agent shall have received each Collateral Document required to be delivered on the Closing Date pursuant to Section 4.01 of
the Existing Credit Agreement, or pursuant to Section 6.11 or Section 6.13 at such time, in each case duly executed by each Loan Party
party thereto;

 

 (b) all
Obligations shall have been unconditionally guaranteed (the “Guaranty”) jointly and severally on a senior basis by
Parent and each Subsidiary of Parent (other than Borrower), including, as of the Effective Date, those that are listed on Schedule 1
hereto (each, a “Guarantor”);

 

 (c) the
Obligations and the Guaranty shall have been secured by a first priority security interest in all the Equity Interests of the Loan Parties
(other than Parent) and the Collateral Agent shall have received all certificates or other instruments (if any) representing such Equity
Interests, together with stock powers or other instruments of transfer with respect thereto endorsed in blank;

 

 (d) the
Obligations and the Guaranty shall have been secured by a first-priority security interest in all Indebtedness of any Loan Party that
is owing to any other Loan Party, which shall be evidenced by a promissory note or an instrument and shall have been pledged pursuant
to the applicable Collateral Document, and the Collateral Agent shall have received all such promissory notes or certificated instruments,
together with note powers or other instruments of transfer with respect thereto endorsed in blank;

 

    	-7-

    	 

    

 

 (e) except
to the extent otherwise provided hereunder or under any Collateral Document, the Obligations and the Guaranty shall have been secured
by a perfected first priority security interest (subject to Liens permitted under Section 7.01) in, and mortgages on, substantially all
tangible and intangible assets of the Loan Parties (including but not limited to accounts receivable, deposit accounts, inventory, machinery
and equipment, investment property, cash, Intellectual Property, other general intangibles, owned real property, intercompany Indebtedness
and proceeds of the foregoing); provided, however, that (v) no security interest in real property other than Material Real Property
shall be required, (w) no security interest in motor vehicles and other assets subject to certificates of title shall be required, (x)
subject to Section 6.13, no security interests shall be required in assets (including in respect of interests in partnerships, joint
ventures and other non-Wholly-owned entities) to the extent (and for the duration) that the granting of a security interest in such asset
would be prohibited by applicable law or agreements containing enforceable anti-assignment clauses not overridden by the Uniform Commercial
Code or other applicable law shall be required, (y) any security interest in Intellectual Property shall exclude any intent-to-use trademark
application prior to the filing of a “Statement of Use” or “Amendment to Allege Use” with respect thereto, to
the extent, if any, that, and solely during the period, if any, in which, the grant of a security interest therein would impair the validity
or enforceability of such intent-to-use trademark application under applicable federal law and (z) no security interest shall be required
in property subject to Liens described in Section 7.01(h) to the extent (and for the duration) that the granting of a security interest
in such asset would be prohibited under the agreement evidencing or otherwise governing the related Indebtedness and not overridden by
the Uniform Commercial Code or other applicable law (the assets described in the foregoing clauses (v) through (z), collectively, “Excluded
Property”).

 

 (f) none
of the Collateral shall be subject to any Liens other than Liens permitted by Section 7.01; and

 

 (g) the
Collateral Agent shall have received the Mortgages with respect to each Material Real Property required to be delivered pursuant to this
Collateral and Guaranty Requirement, or pursuant to Section 6.11 at such time as set forth in such section (the “Mortgaged Properties”),
together with:

 

 (i) evidence
that counterparts of the Mortgages with respect to the Mortgaged Properties have been duly executed, acknowledged and delivered and are
in form suitable for filing or recording in all filing or recording offices as necessary to create a valid first and subsisting Lien
on the property described therein in favor of the Collateral Agent for the benefit of the Secured Parties (subject only to Liens of the
nature referred to in Section 5.07(b)) along with evidence reasonably satisfactory to the Collateral Agent that all filing and recording
taxes and fees payable with respect to the Mortgages have been paid or received by the issuer of the Mortgage Policies (or, in the event
that the Collateral Agent waives a Mortgage Policy for any Mortgaged Property, an escrow agent reasonably satisfactory to the Collateral
Agent);

 

    	-8-

    	 

    

 

 (ii) fully
paid American Land Title Association Lender’s Extended Coverage (or other reasonably satisfactory coverage if such coverage is
not available in the applicable jurisdiction) title insurance policies (the “Mortgage Policies”) in form and substance
reasonably satisfactory to the Collateral Agent, together with such endorsements that are reasonably required by the Collateral Agent
and which lenders typically receive in the jurisdiction where the Mortgaged Property is located, in an amount reasonably acceptable to
the Collateral Agent, issued by title insurers reasonably acceptable to the Collateral Agent, in a customary form in the jurisdiction
where the Mortgaged Property is located (provided that if a survey is not available pursuant to paragraph (iii) below, such Mortgage
Policies may include the standard survey exception and the Collateral Agent shall not require any endorsement that will require delivery
of a survey), and insuring the Mortgages to be valid first and subsisting Liens on the real property described therein except Liens of
the nature referred to in Section 5.07(b);

 

 (iii) American
Land Title Association/American Congress on Surveying and Mapping form surveys, for which all necessary fees (where applicable) have
been paid, dated no more than ninety (90) days before the date of delivery of such surveys (or such date as the Collateral Agent agrees
in its reasonable discretion), certified to the Collateral Agent and the issuer of the Mortgage Policies in a manner reasonably satisfactory
to the Collateral Agent by a land surveyor duly registered and licensed in the States in which the real property described in such surveys
is located, showing no Liens except Liens of the nature referred to in Section 5.07(b) and otherwise reasonably acceptable to the Collateral
Agent;

 

 (iv) satisfactory
evidence of insurance required to be maintained pursuant to Section 6.07, or otherwise required by the terms of the Mortgages, in respect
of Mortgaged Properties;

 

 (v) favorable
opinions of local counsel for the Loan Parties (i) in states in which the Mortgaged Properties are located, with respect to the enforceability
and perfection of the Mortgages and any related fixture filings in form and substance reasonably satisfactory to the Collateral Agent
and (ii) in states in which the Loan Parties to the Mortgages are organized or formed, with respect to the valid existence, corporate
power and authority of such Loan Parties in the granting of the Mortgages, in form and substance reasonably satisfactory to the Collateral
Agent;

 

    	-9-

    	 

    

 

 (vi) (A)
evidence as to whether each Material Real Property is in an area designated by the Federal Emergency Management Agency as having special
flood or mud slide hazards (a “Flood Hazard Property”) pursuant to a standard flood hazard determination form ordered
and received by the Collateral Agent, and (B) if such Material Real Property is a Flood Hazard Property, (1) evidence as to whether the
community in which such Material Real Property is located is participating in the National Flood Insurance Program, (2) the applicable
Loan Party’s written acknowledgment of receipt of written notification from the Collateral Agent as to the fact that such Material
Real Property is a Flood Hazard Property and as to whether the community in which each such Flood Hazard Property is located is participating
in the National Flood Insurance Program and (3) copies of the applicable Loan Party’s application for a flood insurance policy
plus proof of premium payment, a declaration page confirming that flood insurance has been issued, or such other evidence of flood insurance
satisfactory to the Collateral Agent and naming the Collateral Agent as sole loss payee on behalf of the Secured Parties; and

 

 (vii) such
consents and agreements of other third parties, such estoppel letters and other confirmations, and such other actions that, in each case,
the Administrative Agent and the Collateral Agent may reasonably deem necessary in order to create valid and subsisting Liens on the
property described in the Mortgages shall have been delivered or taken, in each case to the extent the same can be obtained or taken
with the use of commercially reasonable efforts.

 

The
foregoing definition shall not require the creation or perfection of pledges of or security interests in, or the delivery of particular
documents with respect to, particular assets if and for so long as the Collateral Agent and Borrower mutually agree in their reasonable
discretion that the cost of creating or perfecting such pledges or security interests in such assets or obtaining title insurance or
surveys in respect of such assets shall be excessive in relation to the benefits to be obtained by the Lenders therefrom.

 

The
Collateral Agent may grant extensions of time for the perfection of security interests in or the obtaining of title insurance and surveys
with respect to particular assets (including extensions beyond the time as set forth therein for the perfection of security interests
in the assets of the Loan Parties on such date) where it reasonably determines, in its discretion, that perfection cannot be accomplished
without undue effort or expense by the time or times at which it would otherwise be required by this Agreement or the Collateral Documents.

 

“Collateral
Documents” means, collectively, the Security Agreement, the Securities Pledge Agreement, the Intellectual Property Security
Agreement, the Mortgages, the Control Agreements, any collateral assignments, any security agreements, pledge agreements or other similar
agreements, or any supplements to any of the foregoing, delivered to the Collateral Agent and the Lenders pursuant to the Collateral
and Guaranty Requirement, Sections 4.01(c) and (d), Section 6.11, or Section 6.13, the Guaranty and each of the other agreements, instruments
or documents that creates or purports to create a Lien or Guaranty in favor of the Collateral Agent for the benefit of the Secured Parties.

 

“Collateral
Questionnaire” means a certificate in form satisfactory to Collateral Agent that provides information with respect to the personal
or mixed property of each Loan Party.

 

    	-10-

    	 

    

 

“Commitment”
means, with respect to any Lender, such Lender’s Initial Commitment, 2021 Term Loan Commitment, 2021 Additional Term Loan Commitment,
2021 New Term Loan Commitment, 2021 October New Term Loan Commitment, Sixth Amendment Term Loan Commitment, Seventh Amendment Term Loan
Commitment, Eighth Amendment Term Loan Commitment, Ninth Amendment Term Loan Commitment, Tenth Amendment Term Loan Commitment, Eleventh
Amendment Term Loan Commitment, Twelfth Amendment Term Loan Commitment, Thirteenth Amendment Term Loan, Fourteenth Amendment Term Loan
or Fifteenth Amendment Term Loan, as the context may require.

 

“Communications”
has the meaning specified in Section 10.02(e).

 

“Compensation
Period” has the meaning specified in Section 2.09(c)(ii).

 

“Control
Agreement” has the meaning set forth in the Security Agreement.

 

“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.

 

“Credit
Extension” means a Borrowing.

 

“Debt
Equivalents” means, in respect of any Person, (i) any Equity Interest of such Person which by its terms (or by the terms of
any security for which it is convertible or for which it is exchangeable or exercisable), or upon the happening of any event or otherwise
(including an event which would constitute a Change of Control), (A) matures or is mandatorily redeemable or subject to any mandatory
repurchase requirement, pursuant to a sinking fund or otherwise, (B) is convertible into or exchangeable for Indebtedness or Debt Equivalents,
or (C) is redeemable or subject to any repurchase requirement arising at the option of the holder thereof, in whole or in part, on or
prior to the first anniversary following the Last Out Maturity Date, (ii) if such Person is a Subsidiary of Parent, any preferred stock
of such Person which by its terms is mandatorily redeemable or redeemable at the option of the holder prior to the date which is one
hundred eighty (180) days after the applicable maturity date and (iii) any Disqualified Equity Interests of such Person.

 

“Debtor
Relief Laws” means the Bankruptcy Code, and all other liquidation, conservatorship, bankruptcy, assignment for the benefit
of creditors, moratorium, rearrangement, receivership, insolvency, fraudulent transfer, reorganization, or similar debtor relief Laws
of the United States or any similar foreign, federal or state law for the relief of debtors from time to time in effect and affecting
the rights of creditors generally.

 

“Default”
means any event or condition that constitutes an Event of Default or that, with the giving of any notice, the passage of time, or
both, would be an Event of Default.

 

“Default
Rate” means, with respect to any Obligation, an interest rate equal to the interest rate otherwise applicable to such Obligation
plus 2.0% per annum, in each case, to the fullest extent permitted by applicable Laws.

 

    	-11-

    	 

    

 

“Deposit
Account” means any deposit account (as such term is defined in the UCC as adopted and in effect in the State of New York),
including without limitation, a demand, time, savings, passbook or like account with a bank, savings and loan association, credit union
or like organization, other than an account evidenced by a negotiable certificate of deposit.

 

“Disposition”
or “Dispose” means a sale, lease or sub lease (as lessor or sublessor), sale and leaseback, assignment, conveyance,
transfer, license or other disposition to, or any exchange of property with, any Person (other than to or with a Loan Party), in one
transaction or a series of transactions, of all or any part of any Loan Party’s businesses, assets or properties of any kind, whether
real, personal, or mixed and whether tangible or intangible, whether now owned or hereafter acquired, including, without limitation,
the Equity Interests of any of Loan Party, other than inventory sold or leased in the ordinary course of business. For purposes of clarification,
“Disposition” shall include (x) the sale or other disposition for value of any contracts or (y) 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).

 

“Disqualified
Equity Interests” means, with respect to any Person, any Equity Interest of such Person which, by its terms, or by the terms
of any security or other Equity Interests 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 (other than solely for Qualified Equity Interests), pursuant to a sinking
fund obligation or otherwise (except as a result of a change of control or asset sale so long as any rights of the holders thereof upon
the occurrence of a change of control or asset sale event shall be subject to the prior repayment in full of the Loans and all other
Obligations that are accrued and payable), (b) is redeemable at the option of the holder thereof (other than solely for Qualified Equity
Interests), in whole or in part, (c) provides for the scheduled payments of dividends in cash, or (d) is or becomes convertible into
or exchangeable for Indebtedness or any other Equity Interests that would constitute Disqualified Equity Interests, in each case, prior
to the date that is ninety-one (91) days after the Last Out Maturity Date; provided that, if such Equity Interests are issued
pursuant to a plan for the benefit of employees of any Loan Party or by any such plan to such employees, such Equity Interests shall
not constitute Disqualified Equity Interests solely because they may be required to be repurchased by any Loan Party in order to satisfy
applicable statutory or regulatory obligations.

 

“Dollars”
means lawful money of the United States.

 

“Effective
Date” means the date all the conditions precedent in Section 4.01 are satisfied or waived in accordance with Section 10.01.

 

“Eighth
Amendment” means the Eighth Amendment to Amended and Restated Senior Secured Credit Agreement, dated as of January 26, 2022,
by and among Administrative Agent, Collateral Agent, Lenders, the Borrower, Parent and Guarantors.

 

“Eighth
Amendment Effective Date” has the meaning set forth in Section 4 of the Eighth Amendment.

 

“Eighth
Amendment Term Loan Commitments” has the meaning set forth in the preliminary statements of the Eighth Amendment.

 

“Eighth
Amendment Term Loans” has the meaning set forth in the preliminary statements of the Eighth Amendment.

 

    	-12-

    	 

    

 

“Eleventh
Amendment” means the Eleventh Amendment to Amended and Restated Senior Secured Credit Agreement, dated as of March 25, 2022,
by and among Administrative Agent, Collateral Agent, Lenders, the Borrower, Parent and Guarantors.

 

“Eleventh
Amendment Effective Date” has the meaning set forth in Section 4 of the Eleventh Amendment.

 

“Eleventh
Amendment Term Loan Commitments” has the meaning set forth in the preliminary statements of the Eleventh Amendment.

 

“Eleventh
Amendment Term Loans” has the meaning set forth in the preliminary statements of the Eleventh Amendment.

 

“Eligible
Assignee” means (a) any Lender, (b) any Approved Fund of any Lender, (c) any Affiliate of any Lender and (d) any other Person
that is a commercial bank, insurance company, finance company, financial institution, any fund that invests in loans or any other “accredited
investor” (as defined in Regulation D of the Securities Act); provided that in any event, “Eligible Assignee”
shall not include any natural person.

 

“Environmental
Action” means any action, suit, demand, demand letter, claim, notice of non-compliance or violation, notice of liability or
potential liability, investigation, proceeding, consent order or consent agreement relating to any Environmental Law, any Environmental
Permit or Hazardous Material or arising from alleged injury or threat to health and safety as it relates to any Hazardous Material or
the environment, including, without limitation, (a) by any Governmental Authority for enforcement, cleanup, removal, response, remedial
or other actions or damages relating to Releases of Hazardous Materials or actual or alleged violations of Environmental Laws and (b)
by any Governmental Authority or third party for damages, contribution, indemnification, cost recovery, compensation or injunctive relief.

 

“Environmental
Laws” means any and all federal, provincial, local and foreign statutes, laws, regulations, ordinances, rules, decrees or other
governmental restrictions of legal effect relating to the environment, to the release of any Hazardous Materials into the environment
or to the manufacture, processing, distribution, use, treatment, storage, disposal, transport or handling of Hazardous Materials but
only to the extent such Environmental Laws are legally applicable to any Loan Party pursuant to any Environmental Law.

 

“Environmental
Liability” means, in respect of any Person, any and all legal obligations and liabilities under Environmental Laws for any
Release caused by such Person or which is discovered or uncovered during the ownership or control of any real property by such Person
and which adversely impacts any Person, property or the environment whether or not caused by a breach of applicable laws (including Environmental
Laws).

 

    	-13-

    	 

    

 

“Environmental
Permit” means any permit, approval, hazardous waste identification number, license or other authorization issued by or submitted
to a Governmental Authority required under any Environmental Law.

 

“Equity
Interests” means, with respect to any Person, all of the shares of capital stock or membership interests of (or other ownership
or profit interests in) such Person, all of the warrants, options or other rights for the purchase or acquisition from such Person of
shares of capital stock, membership interests of (or other ownership or profit interests in) such Person, all of the securities convertible
into or exchangeable for shares of capital stock or membership interests of (or other ownership or profit interests in) such Person or
warrants, rights or options for the purchase or acquisition from such Person of such shares (or such other interests), and all of the
other ownership or profit interests in such Person (including partnership, member or trust interests therein), whether voting or nonvoting,
and whether or not such shares, membership interests, warrants, options, rights or other interests are outstanding on any date of determination.

 

“Equity
Issuance” means, any issuance by any Loan Party or any Subsidiary of a Loan Party of its Equity Interests to any Person, other
than Equity Interests issued (i) pursuant to any employee stock or stock option compensation plan or (ii) by any Subsidiary to Borrower
or any other Guarantor Subsidiary to the extent permitted by Section 7.02.

 

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

 

“ERISA
Event” means (a) a Reportable Event with respect to a Pension Plan; (b) a withdrawal by any Loan Party from a Pension Plan
subject to Section 4063 of ERISA during a plan year in which it was a substantial employer (as defined in Section 4001(a)(2) of ERISA)
or a cessation of operations at any facility of any Loan Party as described in Section 4062(e) of ERISA; (c) a complete or partial withdrawal
by any Loan Party from a Multiemployer Plan, notification of any Loan Party concerning the imposition of withdrawal liability or notification
that a Multiemployer Plan is insolvent or is in reorganization within the meaning of Title IV of ERISA (or that is in endangered or critical
status, within the meaning of Section 305 of ERISA); (d) the filing of a notice of intent to terminate, the treatment of a Pension Plan
amendment as a termination under Sections 4041 or 4041A of ERISA, or the commencement of proceedings by the PBGC to terminate a Pension
Plan or Multiemployer Plan; (e) an event or condition which constitutes grounds under Section 4042 of ERISA for the termination of, or
the appointment of a trustee to administer, any Pension Plan or Multiemployer Plan; (f) the imposition of any liability under Title IV
of ERISA, other than for PBGC premiums due but not delinquent under Section 4007 of ERISA, upon any Loan Party; (g) a determination that
any Pension Plan is, or is expected to be, in “at-risk” status (within the meaning of Section 303(i)(4) of ERISA or Section
430(i)(4) of the Code); or (h) the conditions for imposition of a lien under Section 303(k) of ERISA shall have been met with respect
to any Pension Plan.

 

“Event
of Default” has the meaning specified in Section 8.01.

 

    	-14-

    	 

    

 

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

 

“Exchange
Rate” means on any day with respect to any currency other than Dollars, the rate at which such currency may be exchanged into
Dollars, as set forth at approximately 12:00 noon (New York, New York time) on such day on the Reuters Fedspot page for such currency;
in the event that such rate does not appear on any Reuters page, the Exchange Rate shall be determined by the Administrative Agent to
be the rate quoted by it at the spot rate for Dollars purchased with Euros through its principal foreign exchange trading office at approximately
12:00 noon (New York, New York time) on the date as of which the foreign computation is made.

 

“Excluded
Property” has the meaning specified in the definition of “Collateral and Guaranty Requirement.”

 

“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 Foreign Lender 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 3.01, 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 3.01(g) and (d) any withholding Taxes imposed under FATCA.

 

“Facility”
means the facility provided under this Agreement.

 

“Fast
Pay Indebtedness” means the Indebtedness of Borrower owing to Fast Pay Partners LLC, a Delaware limited liability company and
FPP Sandbox LLC, a Delaware limited liability company, pursuant to certain financing documents in effect prior to the Effective Date.

 

“FATCA”
means Sections 1471 through 1474 of the Code, as of the date of this Agreement (or any amended or successor version that is substantively
comparable), any current or future regulations or official interpretations thereof, any agreements entered into pursuant to Section 1471(b)(1)
of the Code, and any fiscal or regulatory legislation, rules or practices adopted pursuant to any intergovernmental agreement, treaty
or convention entered into in connection with the implementation of such sections of the Code.

 

“Federal
Funds Rate” means, for any day, the rate per annum equal to the weighted average of the rates on overnight federal funds transactions
with members of the Federal Reserve System arranged by federal funds brokers on such day, as published by the Federal Reserve Bank on
the Business Day next succeeding such day; provided that (a) if such day is not a Business Day, the Federal Funds Rate for such
day shall be such rate on such transactions on the next preceding Business Day as so published on the next succeeding Business Day and
(b) if no such rate is so published on such next succeeding Business Day, the Federal Funds Rate for such day shall be the average rate
charged to the Administrative Agent on such day on such transactions as determined by the Administrative Agent.

 

    	-15-

    	 

    

 

“Fifteenth
Amendment” means the Fifteenth Amendment to Amended and Restated Senior Secured Credit Agreement, dated as of July 8, 2022,
by and among Administrative Agent, Collateral Agent, Lenders, the Borrower, Parent and Guarantors.

 

“Fifteenth
Amendment Effective Date” has the meaning set forth in Section 4 of the Fifteenth Amendment.

 

“Fifteenth
Amendment Term Loan Commitments” has the meaning set forth in the preliminary statements of the Fifteenth Amendment.

 

“Fifteenth
Amendment Term Loans” has the meaning set forth in the preliminary statements of the Fifteenth Amendment.

 

“Fifth
Amendment” means the Fifth Amendment to Amended and Restated Senior Secured Credit Agreement, dated as of October 8, 2021,
by and among Administrative Agent, Collateral Agent, Lenders, the Borrower, Parent and Guarantors.

 

“Fifth
Amendment Effective Date” has the meaning set forth in Section 4 of the Fifth Amendment.

 

“First
Amendment” means the First Amendment to Amended and Restated Senior Secured Credit Agreement, dated as of April 26, 2021, by
and among Administrative Agent, Collateral Agent, Lenders, the Borrower, Parent and Guarantors.

 

“First
Amendment Effective Date” has the meaning set forth in Section 5 of the First Amendment.

 

“First
Out Loans” means, collectively, Ninth Amendment Term Loans, Tenth Amendment Term Loans, Eleventh Amendment Term Loans, Twelfth
Amendment Term Loans, Thirteenth Amendment Term Loans, Fourteenth Amendment Term Loans and Fifteenth Amendment Term Loans.

 

“First
Out Maturity Date” means June 30, 2023.

 

“Fiscal
Quarter” means a fiscal quarter of any Fiscal Year.

 

“Fiscal
Year” means the fiscal year of the Loan Parties, as applicable, ending on December 31 of each calendar year.

 

    	-16-

    	 

    

 

“Flood
Hazard Property” has the meaning specified in clause (g)(vi) of the definition of “Collateral and Guaranty Requirement.”

 

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

 

“Fourteenth
Amendment” means the Fourteenth Amendment to Amended and Restated Senior Secured Credit Agreement, dated as of June 10, 2022,
by and among Administrative Agent, Collateral Agent, Lenders, the Borrower, Parent and Guarantors.

 

“Fourteenth
Amendment Effective Date” has the meaning set forth in Section 4 of the Fourteenth Amendment.

 

“Fourteenth
Amendment Term Loan Commitments” has the meaning set forth in the preliminary statements of the Fourteenth Amendment.

 

“Fourteenth
Amendment Term Loans” has the meaning set forth in the preliminary statements of the Fourteenth Amendment.

 

“Fourth
Amendment” means the Fourth Amendment to Amended and Restated Senior Secured Credit Agreement, dated as of August 31, 2021,
by and among Administrative Agent, Collateral Agent, Lenders, the Borrower, Parent and Guarantors.

 

“Fourth
Amendment Effective Date” has the meaning set forth in Section 4 of the Fourth Amendment.

 

“FRB”
means the Board of Governors of the Federal Reserve System of the United States.

 

“Fund”
means any Person (other than an individual) that is or will be engaged in making, purchasing, holding or otherwise investing in commercial
loans and similar extensions of credit in the ordinary course of its business.

 

“GAAP”
means United States generally accepted accounting principles in effect as of the date of determination thereof.

 

“Governmental
Authority” means any nation or government, any provincial, state, local, municipal or other political subdivision thereof,
and any entity exercising executive, legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining
to government.

 

“Governmental
Authorization” means any authorization, approval, consent, franchise, license, covenant, order, ruling, permit, certification,
exemption, notice, declaration or similar right, undertaking or other action of, to or by, or any filing, qualification or registration
with, any Governmental Authority.

 

“Granting
Lender” has the meaning specified in Section 10.07(g).

 

    	-17-

    	 

    

 

“Guaranty”
means, collectively, (a) each Guaranty executed by certain Loan Parties on or about the Effective Date, substantially in the form
of Exhibit E, and (b) each other guaranty and guaranty supplement delivered pursuant to the Collateral and Guaranty Requirement or Section
6.11.

 

“Guaranty
Obligations” means, with respect to any Person, any obligation or arrangement of such Person to guaranty or intended to guaranty
any Indebtedness or other payment 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
non-performance by any other party or parties to an agreement or (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. The amount of any Guaranty Obligation shall be deemed to be an amount equal to the stated or determinable amount of the primary
obligation in respect of which such Guaranty 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 Guaranty Obligation) or, if not stated or determinable,
the maximum reasonably anticipated liability in respect thereof (assuming such Person is required to perform thereunder), as determined
by such Person in good faith.

 

“Guarantor
Subsidiary” means each Guarantor that is a Subsidiary.

 

“Guarantors”
has the meaning specified in the definition of “Collateral and Guaranty Requirement.”

 

“Hazardous
Materials” means any material, substance or waste that is regulated, classified, or otherwise characterized under or pursuant
to any Environmental Law as “hazardous,” “toxic,” a “pollutant,” a “contaminant,” a “deleterious
substance,” “dangerous goods,” “radioactive” or words of similar meaning or effect, including petroleum
and its by-products, asbestos, polychlorinated biphenyls, radon, greenhouse gases, mold, urea formaldehyde insulation, chlorofluorocarbons
and all other ozone-depleting substances.

 

    	-18-

    	 

    

 

“Indebtedness”
of any Person means, without duplication, (a) all obligations of such Person for borrowed money, (b) all obligations of such Person
evidenced by bonds, debentures, notes or similar instruments, (c) all obligations of such Person under conditional sale or other title
retention agreements relating to property acquired by such Person, (d) all obligations of such Person in respect of the deferred purchase
price of property or services (excluding (i) accounts payable and other accrued liabilities incurred in the ordinary course of business
not past due for more than one hundred twenty (120) days after its stated due date (except for accounts payable contested in good faith),
(ii) any earn-out obligation until such obligation is both required to be reflected as a liability on the balance sheet of such Person
in accordance with GAAP and not paid after becoming due and payable and (iii) deferred or equity compensation arrangements entered into
in the ordinary course of business and payable to directors, officers or employees), (e) all Indebtedness (excluding prepaid interest
thereon) of others secured by (or for which the holder of such Indebtedness has an existing right, contingent or otherwise, to be secured
by) any Lien on property owned or acquired by such Person, whether or not the Indebtedness secured thereby has been assumed but, in the
case of Indebtedness which is not assumed by such Person, limited to the lesser of (x) the amount of such Indebtedness and (y) the fair
market value of such property, (f) all Guaranty Obligations by such Person of Indebtedness of others, (g) all Attributable Indebtedness
of such Person, (h) all obligations, contingent or otherwise, of such Person as an account party in respect of letters of credit and
letters of guaranty (excluding the portion thereof that has been fully cash collateralized in a manner permitted by this Agreement),
(i) all obligations, contingent or otherwise, of such Person in respect of bankers’ acceptances, surety bonds and performance bonds,
whether or not matured, (j) all Debt Equivalents of such Person and (k) the Swap Termination Value under outstanding Swap Contracts at
such time to which such Person is a party. The Indebtedness of any Person shall include the Indebtedness of any other entity (including
any partnership in which such Person is a general partner) to the extent such Person is directly liable therefor as a result of such
Person’s ownership interest in or other relationship with such entity, except to the extent the terms of such Indebtedness provide
that such Person is not liable therefor. Anything herein to the contrary notwithstanding, obligations in respect of any Indebtedness
that has been irrevocably defeased (either covenant or legal) or satisfied and discharged pursuant to the terms of the instrument creating
or governing such Indebtedness shall not constitute Indebtedness.

 

“Indemnified
Liabilities” has the meaning specified in Section 10.05.

 

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

 

“Indemnitees”
has the meaning specified in Section 10.05.

 

“Information”
has the meaning specified in Section 10.08.

 

“Initial
Loan” has the meaning specified in Section 2.01(a).

 

“Intellectual
Property” has the meaning specified in Section 5.17.

 

“Intellectual
Property Security Agreement” means, collectively, (a) the Intellectual Property Security Agreement executed by certain Loan
Parties on the Closing Date, substantially in the form of Exhibit H, and (b) each other Intellectual Property Security Agreement Supplement
executed and delivered pursuant to the Collateral and Guaranty Requirement or Section 6.11.

 

    	-19-

    	 

    

 

“Intellectual
Property Security Agreement Supplement” has the meaning specified in Section 6.11.

 

“Interest
Payment Date” as to any Loan, means the last day of each calendar quarter, subject to Section 1.07.

 

“Interest
Period” means, (i) initially, the period beginning on (and including) June 1, 2020 and ending on (and including) the last day
of the calendar quarter in which the Effective Date occurs and (ii) thereafter, the period beginning on (and including) the first day
of each succeeding calendar quarter and ending on the earlier of (and including) (x) the last day of such calendar quarter and (y) the
First Out Maturity Date or Last Out Maturity Date, as applicable.

 

“Investment”
in any Person, means (i) any direct or indirect purchase or other acquisition by a Loan Party of, or of a beneficial interest in,
any of the Equity Interests of such Person (other than a Guarantor Subsidiary); (ii) any direct or indirect redemption, retirement, purchase
or other acquisition for value, by any Subsidiary of Parent from any Person (other than Borrower or any Guarantor Subsidiary), of any
Equity Interests of such Person; and (iii) any direct or indirect loan, advance (other than advances to employees for moving, entertainment
and travel expenses, drawing accounts and similar expenditures in the ordinary course of business) or capital contributions by Parent
or any of its Subsidiaries to any other Person, including all indebtedness and accounts receivable from that other Person that are not
current assets or did not arise from sales to that other Person in the ordinary course of business. The amount of any Investment shall
be the original cost of such Investment plus the cost of all additions thereto, without any adjustments for increases or decreases in
value, or write-ups, write-downs or write-offs with respect to such Investment.

 

“Last
Out Maturity Date” means June 30, 2025.

 

“Last
Out Loans” means, collectively, the Initial Term Loans and 2021 Loans.

 

“Laws”
means, collectively, all international, foreign, federal, state, provincial and local statutes, treaties, rules, guidelines, regulations,
ordinances, codes and administrative or judicial precedents or authorities, including the interpretation or administration thereof by
any Governmental Authority charged with the enforcement, interpretation or administration thereof, and all applicable administrative
orders, directed duties, requests, licenses, authorizations and permits of, and agreements with, any Governmental Authority.

 

“Lender”
means any Lender that may be a party to this Agreement from time to time and, in the case of each such Lender, including their respective
successors and assigns as permitted hereunder (each of which is referred to herein as a “Lender”).

 

“Lien”
means any assignment, mortgage, charge, pledge, lien, encumbrance, title retention agreement (including Capital Leases but excluding
operating leases) or any other security interest whatsoever, howsoever created or arising, whether fixed or floating, legal or equitable,
perfected or not, but specifically excludes any legal, contractual or equitable right of set-off.

 

    	-20-

    	 

    

 

“Loan”
means an extension of credit by a Lender to Borrower under Article II hereof.

 

“Loan
Documents” means, collectively, (i) this Agreement, (ii) the Notes, (iii) the Collateral Documents, (iv) any Guaranty and (v)
all other instruments and documents executed and delivered from time to time by or on behalf of any Loan Party in connection herewith
or therewith.

 

“Loan
Parties” means, collectively, (i) each Borrower and (ii) each Guarantor.

 

“Master
Agreement” has the meaning specified in the definition of “Swap Contract.”

 

“Material
Adverse Effect” means a material adverse effect on (i) the business operations, assets or financial condition of Borrower and
its Subsidiaries taken as a whole; (ii) the ability of any Loan Party to perform its Obligations; (iii) the legality, validity, binding
effect, or enforceability against a Loan Party of a Loan Document to which it is a party; or (iv) the rights, remedies and benefits available
to, or conferred upon, any Agent and any Lender or any Secured Party under any Loan Document; provided, however that no
adverse change, event, development or effect arising from the novel coronavirus pandemic (COVID-19) shall be deemed to constitute or
taken into account in determining whether there has been a Material Adverse Effect unless, as a consequence thereof, the Loan Parties,
taken as a whole, suffer a disproportionate effect, as compared to other participants in the industry in which the Loan Parties operate.

 

“Material
Agreements” means, collectively, (a) the agreements which are listed in Schedule 5.19 and (b) all other agreements to which
any Loan Party or any of its properties are bound, from time to time, the absence or termination of any of which would reasonably be
expected to result in a Material Adverse Effect.

 

“Material
Real Property” means (a) with respect to any real property owned by any Loan Party, (i) the real properties owned by any Loan
Party listed on Schedule 5.07(b) and (ii) any other real property owned by any Loan Party with a fair market value in excess of $500,000
per property (determined on the Effective Date for existing real property and on the date of acquisition for after-acquired real property)
and (b) with respect to any real property leased by any Loan Party, (i) the real properties leased by any Loan Party listed on Schedule
5.07(b) and (ii) any property material to the business of a Loan Party.

 

“Moody’s”
means Moody’s Investors Service, Inc. and its successors.

 

“Mortgage”
means collectively, the deeds of trust, trust deeds, deeds to secure debt and mortgages creating and evidencing a Lien on a Mortgaged
Property, whether leased or owned, by the Loan Parties in favor or for the benefit of the Collateral Agent on behalf of the Secured Parties,
in the form and substance reasonably satisfactory to the Collateral Agent, executed and delivered pursuant to Section 4.01(d) (if applicable),
Section 6.11 or Section 6.13, in each case as amended, restated, supplemented or otherwise modified from time to time.

 

“Mortgage
Policies” has the meaning specified in paragraph (g) of the definition of “Collateral and Guaranty Requirement.”

 

    	-21-

    	 

    

 

“Mortgaged
Properties” has the meaning specified in paragraph (g) of the definition of “Collateral and Guaranty Requirement.”

 

“Multiemployer
Plan” means a multiemployer plan, as defined in Section 4001(a)(3) of ERISA, to which any Loan Party is making or accruing
an obligation to make contributions, or has within any of the preceding five plan years made or accrued an obligation to make contributions.

 

“Narrative
Report” means, with respect to the financial statements for which such narrative report is required, a narrative report describing
the operations of Parent and its Subsidiaries in the form prepared for presentation to senior management thereof for the applicable month,
Fiscal Quarter or Fiscal Year and for the period from the beginning of the then current Fiscal Year to the end of such period to which
such financial statements relate with comparison to and variances from the immediately preceding period and budget.

 

“Net
Cash Proceeds” means:

 

 (a) with
respect to the Disposition of any asset by any Loan Party, an amount equal to: (i) cash received in connection with such Disposition
by any Loan Party or any of its Subsidiaries from such Disposition, minus (ii) any bona fide direct costs incurred in connection
with such Disposition to the extent paid or payable to non-Affiliates, including (A) income or gains taxes payable by the seller as a
result of any gain recognized in connection with such Disposition during the tax period in which the sale occurs, (B) payment of the
outstanding principal amount of, premium or penalty, if any, and interest on any Indebtedness (other than the Loans) that is secured
by a Lien on the stock or assets in question and that is required to be repaid under the terms thereof as a result of such Disposition,
and (C) a reasonable reserve for any indemnification payments (fixed or contingent) attributable to seller’s indemnities and representations
and warranties to purchaser in respect of such Disposition undertaken by any Loan Party or any of its Subsidiaries in connection with
such Disposition; provided, that upon release of any such reserve, the amount released shall be considered Net Cash Proceeds;

 

 (b) with
respect to any Casualty Event, an amount equal to: (i) any cash payments or proceeds received by any Loan Party or any of its Subsidiaries
(A) under any casualty, business interruption or “key man” insurance policies in respect of any covered loss thereunder,
or (B) as a result of the condemnation or taking of any assets of any Loan Party or any of its Subsidiaries by any Person pursuant to
the power of eminent domain, condemnation or otherwise, or pursuant to a sale of any such assets to a purchaser with such power under
threat of such a taking, minus (ii) (A) any actual and reasonable costs incurred by any Loan Party or any of its Subsidiaries
in connection with the adjustment or settlement of any claims of such Loan Party or such Subsidiary in respect thereof, and (B) any bona
fide direct costs incurred in connection with any sale of such assets as referred to in clause (b)(i)(B) of this definition to the extent
paid or payable to non-Affiliates, including income taxes payable as a result of any gain recognized in connection therewith; and

 

    	-22-

    	 

    

 

 (c) with
respect to any Equity Issuance or the incurrence or issuance of any Indebtedness by any Loan Party or any Subsidiary not permitted under
Section 7.03, an amount equal to: (i) cash proceeds received by any Loan Party or any of its Subsidiaries in connection with such Equity
Issuance or incurrence or issuance of such Indebtedness, minus (ii) the investment banking fees, underwriting discounts, commissions,
costs and other out-of-pocket expenses and other customary expenses (including reasonable attorney’s, accountant’s and other
similar professional advisor’s fees) paid or payable by such Loan Party or such Subsidiary to non-Affiliates in connection with
such Equity Issuance or incurrence or issuance of Indebtedness.

 

“Ninth
Amendment” means the Ninth Amendment to Amended and Restated Senior Secured Credit Agreement, dated as of February 11, 2022,
by and among Administrative Agent, Collateral Agent, Lenders, the Borrower, Parent and Guarantors.

 

“Ninth
Amendment Effective Date” has the meaning set forth in Section 4 of the Ninth Amendment.

 

“Ninth
Amendment Term Loan Commitments” has the meaning set forth in the preliminary statements of the Ninth Amendment.

 

“Ninth
Amendment Term Loans” has the meaning set forth in the preliminary statements of the Ninth Amendment.

 

“Non-Consenting
Lender” shall have the meaning set forth in Section 2.12.

 

“Note”
means a promissory note of Borrower payable to a Lender or its assigns, substantially in the form of Exhibit B hereto, evidencing
the aggregate Indebtedness of Borrower to such Lender resulting from the Loans made by such Lender.

 

“NPL”
means the National Priorities List under CERCLA.

 

“Obligations”
means all advances to, and debts, liabilities, obligations, covenants and duties of, any Loan Party or other Subsidiary arising under
any Loan Document or otherwise with respect to any Loan Document entered into with a Lender, whether direct or indirect (including those
acquired by assumption), absolute or contingent, due or to become due, now existing or hereafter arising and including interest and fees
that accrue after the commencement by or against any Loan Party or any other Subsidiary of any proceeding under any Debtor Relief Laws
naming such Person as the debtor in such proceeding, regardless of whether such interest and fees are allowed claims in such proceeding.
Without limiting the generality of the foregoing, the Obligations of the Loan Parties under the Loan Documents (and of any of their Subsidiaries
to the extent they have obligations under the Loan Documents) include (1) the obligation (including Guaranty Obligations) to pay principal,
interest, reimbursement obligations, charges, expenses, fees (including, without limitation, the fees listed in Section 2.06), premiums,
Attorney Costs, indemnities and other amounts payable by any Loan Party or any other Subsidiary under any Loan Document and (2) the obligation
of any Loan Party or any other Subsidiary to reimburse any amount in respect of any of the foregoing that any Lender, in its sole discretion,
may elect to pay or advance on behalf of such Loan Party or such Subsidiary.

 

    	-23-

    	 

    

 

“Organization
Documents” means (a) with respect to any corporation, the certificate or articles of incorporation and the bylaws; (b) with
respect to any limited liability company, the certificate or articles of formation or organization and operating agreement; and (c) with
respect to any partnership, joint venture, trust or other form of business entity, the partnership, joint venture or other applicable
agreement of formation or organization and any agreement, declaration, instrument, filing or notice with respect thereto filed in connection
with its formation or organization with the applicable Governmental Authority in the jurisdiction of its formation or organization and,
if applicable, any certificate or articles of formation or organization of such entity.

 

“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, except any such Taxes that are Other Connection Taxes imposed
with respect to an assignment.

 

“Outstanding
Amount” means, on any date, the outstanding principal amount of Loans, after giving effect to any borrowings, accretion of
debt, and/or prepayments or repayments of Loans occurring on such date.

 

“Parent”
means Bright Mountain Media, Inc., a Florida corporation.

 

“Participant”
has the meaning specified in Section 10.07(d).

 

“Participant
Register” has the meaning specified in Section 10.07(d).

 

“PATRIOT
Act” means the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism
Act of 2001 (Title III of Pub. L. 107-56 (signed into law October 26, 2001)), as the same may be amended, supplemented, modified, replaced
or otherwise in effect from time to time.

 

“PBGC”
means the Pension Benefit Guaranty Corporation (or any successor thereof).

 

“Pension
Plan” means any “employee pension benefit plan” (as such term is defined in Section 3(2) of ERISA) other than a
Multiemployer Plan, that is subject to Title IV of ERISA and is sponsored or maintained by any Loan Party or to which any Loan Party
contributes or has an obligation to contribute, or in the case of a multiple employer or other plan described in Section 4064(a) of ERISA,
has made contributions at any time in the past five (5) years.

 

    	-24-

    	 

    

 

“Permitted
Acquisition” means an Acquisition made in accordance with Section 7.02(i).

 

“Permitted
Indebtedness” has the meaning specified in Section 7.03.

 

“Permitted
Liens” means Liens permitted to be incurred pursuant to Section 7.01.

 

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

 

“PIK
Interest” has the meaning specified in Section 2.05(a).

 

“PIK
Rate” means 4% per annum.

 

“Plan”
means any “employee benefit plan” (as such term is defined in Section 3(3) of ERISA) established by any Loan Party.

 

“Prepayment
Date” has the meaning specified in Section 2.03(a)(i).

 

“Prepayment
Notice” means a notice of prepayment in respect of any voluntary or mandatory prepayment in substantially the form of Exhibit
A.

 

“Pro
Rata Share” means, with respect to each Lender at any time a fraction (expressed as a percentage, carried out to the ninth
decimal place), the numerator of which is the amount of the Commitments of such Lender under the Facility at such time and the denominator
of which is the amount of the Aggregate Commitments under the Facility at such time; provided that if any Commitment has been
terminated, then the Pro Rata Share of each Lender shall be determined based on the outstanding principal amount of the Loans held by
such Lender divided by the aggregate principal amount of all outstanding Loans.

 

“Proceeding”
has the meaning specified in Section 10.05.

 

“Qualified
Equity Interests” means any Equity Interests that are not Disqualified Equity Interests.

 

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

 

“Register”
has the meaning specified in Section 10.07(c).

 

“Registered”
means, with respect to Intellectual Property, issued by, registered with, renewed by or the subject of a pending application before
any Governmental Authority or Internet domain name registrar.

 

    	-25-

    	 

    

 

“Release”
means any release, spill, emission, leaking, pumping, pouring, injection, escaping, deposit, disposal, discharge, leeching or migration
of any Hazardous Material in or into the environment (including the abandonment or disposal of any barrels, tanks, containers or receptacles
containing any Hazardous Material), or out of any vessel or facility, including the movement of any Hazardous Material through the air,
soil, subsoil, surface, water, ground water, rock formation or otherwise.

 

“Replacement
Lender” shall have the meaning set forth in Section 2.12.

 

“Reportable
Event” means with respect to any Plan any of the events set forth in Section 4043(c) of ERISA or the regulations issued thereunder,
other than events for which the thirty (30) day notice period has been waived.

“Required
Lenders” means, as of any date of determination, one or more Lenders having more than 50% of the Total Facility Exposure held
by all Lenders.

 

“Responsible
Officer” means the chief executive officer, president, chief financial officer or head of finance, treasurer or, except for
purposes of Sections 6.03 or 6.04, any other similar officer or a Person performing similar functions of a Loan Party (and, as to any
document delivered on the Effective Date, to the extent acceptable to the Administrative Agent in its sole discretion or required by
the terms of this Agreement, any secretary or assistant secretary of a Loan Party). Any document delivered hereunder that is signed by
a Responsible Officer of a Loan Party shall be conclusively presumed to have been authorized by all necessary corporate, partnership
and/or other action on the part of such Loan Party and such Responsible Officer shall be conclusively presumed to have acted on behalf
of such Loan Party.

 

“Restricted
Payment” means any dividend or other distribution (whether in cash, securities or other property) with respect to any capital
stock or other Equity Interest of any Person or any of its Subsidiaries, or any payment (whether in cash, securities or other property),
including any sinking fund or similar deposit, on account of the purchase, retraction, redemption, retirement, defeasance, acquisition,
cancellation or termination of any such capital stock or other Equity Interest, or on account of any return of capital to any Person’s
stockholders, partners or members (or the equivalent of any thereof) and including any thereof acquired through the exercise of warrants
or rights of conversion, exchange or purchase.

 

“S&P”
means Standard & Poor’s Ratings Services LLC, a division of The McGraw-Hill Companies, Inc., and its successors.

 

“Sale
Leaseback” means any transaction or series of related transactions pursuant to which any Loan Party (a) sells, transfers or
otherwise disposes of any property, real or personal, whether now owned or hereafter acquired, and (b) as part of such transaction, thereafter
rents or leases such property or other property that it intends to use for substantially the same purpose or purposes as the property
being sold, transferred or disposed.

 

“SBA”
means the U.S. Small Business Administration.

 

    	-26-

    	 

    

 

“SBA
PPP Loan” means an unsecured loan incurred by Borrower under 15 U.S.C. 636(a)(36) (as added to the Small Business Act by Section
1102 of the CARES Act).

 

“SEC”
means the Securities and Exchange Commission, or any Governmental Authority succeeding to any of its principal functions.

 

“Second
Amendment” means the Second Amendment to Amended and Restated Senior Secured Credit Agreement, dated as of May 26, 2021, by
and among Administrative Agent, Collateral Agent, Lenders, the Borrower, Parent and Guarantors.

 

“Second
Amendment Effective Date” has the meaning set forth in Section 3 of the Second Amendment.

 

“Secured
Obligations” has the meaning specified in the Security Agreement.

 

“Secured
Parties” means, collectively, the Administrative Agent, the Collateral Agent and the Lenders.

 

“Securities
Act” means the Securities Act of 1933, as amended from time to time.

 

“Securities
Pledge Agreement” means, collectively, (a) the Securities Pledge Agreement executed by certain Loan Parties on or about the
Effective Date, substantially in the form of Exhibit G, and (b) each Securities Pledge Agreement Supplement executed and delivered pursuant
to the Collateral and Guaranty Requirement or Section 6.11.

 

“Securities
Pledge Agreement Supplement” has the meaning specified in Section 6.11.

 

“Security
Agreement” means, collectively, (a) the Security Agreement executed by certain Loan Parties on or about the Closing Date, substantially
in the form of Exhibit F, and (b) each Security Agreement Supplement executed and delivered pursuant to the Collateral and Guaranty Requirement
or Section 6.11.

 

“Security
Agreement Supplement” has the meaning specified in Section 6.11.

 

“Seventh
Amendment” means the Seventh Amendment to Amended and Restated Senior Secured Credit Agreement, dated as of December 23, 2021,
by and among Administrative Agent, Collateral Agent, Lenders, the Borrower, Parent and Guarantors.

 

“Seventh
Amendment Effective Date” has the meaning set forth in Section 4 of the Seventh Amendment.

 

“Seventh
Amendment Term Loan Commitments” has the meaning set forth in the preliminary statements of the Seventh Amendment.

 

“Seventh
Amendment Term Loans” has the meaning set forth in the preliminary statements of the Seventh Amendment.

 

    	-27-

    	 

    

 

“Sixth
Amendment” means the Sixth Amendment to Amended and Restated Senior Secured Credit Agreement, dated as of November 5, 2021,
by and among Administrative Agent, Collateral Agent, Lenders, the Borrower, Parent and Guarantors.

 

“Sixth
Amendment Effective Date” has the meaning set forth in Section 4 of the Sixth Amendment.

 

“Sixth
Amendment Term Loan Commitments” has the meaning set forth in the preliminary statements of the Sixth Amendment.

 

“Sixth
Amendment Term Loans” has the meaning set forth in the preliminary statements of the Sixth Amendment.

 

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

 

“Small
Business Act” means the Small Business Act (15 U.S. Code Chapter 14A – Aid to Small Business).

 

“Solvent”
and “Solvency” mean, with respect to any Person on any date of determination, that on such date (a) the fair value
of the property (for the avoidance of doubt, calculated to include goodwill and other intangibles) of such Person is greater than the
total amount of liabilities, including contingent liabilities, of such Person, (b) the present fair salable value of the assets of such
Person is not less than the amount that will be required to pay the probable liability of such Person on its debts as they become absolute
and matured, (c) such Person does not intend to, and does not believe that it will, incur debts or liabilities beyond such Person’s
ability to pay such debts and liabilities as they mature and (d) 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 an unreasonably small capital.
The amount of contingent liabilities at any time shall be computed as the amount that, in the light of all the facts and circumstances
existing at such time, represents the amount that can reasonably be expected to become an actual or matured liability.

 

“SPC”
has the meaning specified in Section 10.07(g).

 

“Subsidiary”
of a Person means:

 

 (a) a
corporation of which another person alone or in conjunction with its other Subsidiaries owns an aggregate number of voting Equity Interests
sufficient to enable the election of a majority of the directors regardless of the manner in which other voting Equity Interests are
voted;

 

 (b) a
corporation of which another person alone or in conjunction with its other Subsidiaries has, through the operation of any agreement or
otherwise, the ability to elect or cause the election of a majority of the directors or otherwise exercise control over the management
and policies of such corporation;

 

    	-28-

    	 

    

 

 (c) any
partnership of which at least a majority of the outstanding income or capital interests and/or at least a majority of the voting interests
of such partnership or, in the case of a limited partnership, any general partner thereof, are owned by a person alone or in conjunction
with its other Subsidiaries; and

 

 (d) any
trust or other person of which at least a majority of the outstanding beneficial or ownership interests (however designated) are owned
by a person alone or in conjunction with its other Subsidiaries.

 

Unless
otherwise specified, all references herein to a “Subsidiary” or to “Subsidiaries” shall refer to a Subsidiary
or Subsidiaries of Parent.

 

“Surviving
Indebtedness” means any Indebtedness of Parent or any of its Subsidiaries outstanding immediately before and after giving effect
to the Transaction as specified on Schedule 7.03(b).

 

“Swap
Contract” means (a) any and all interest rate swap transactions, basis swaps, credit derivative transactions, forward rate
transactions, commodity swaps, commodity options, forward commodity contracts, equity or equity index swaps or options, bond or bond
price or bond index swaps or options or forward bond or forward bond price or forward bond index transactions, interest rate options,
forward foreign exchange transactions, cap transactions, floor transactions, collar transactions, currency swap transactions, cross-currency
rate swap transactions, currency options, spot contracts, or any other similar transactions or any combination of any of the foregoing
(including any options to enter into any of the foregoing), whether or not any such transaction is governed by or subject to any master
agreement, and (b) any and all transactions of any kind, and the related confirmations, which are subject to the terms and conditions
of, or governed by, any form of master agreement published by the International Swaps and Derivatives Association, Inc., any International
Foreign Exchange Master Agreement, or any other master agreement (any such master agreement, together with any related schedules, a “Master
Agreement”), including any such obligations or liabilities under any Master Agreement.

 

“Swap
Termination Value” means, in respect of any one or more Swap Contracts, after taking into account the effect of any legally
enforceable netting agreement relating to such Swap Contracts, (a) for any date on or after the date such Swap Contracts have been closed
out and termination value(s) determined in accordance therewith, such termination value(s), and (b) for any date prior to the date referenced
in clause (a), the amount(s) determined as the mark to market value(s) for such Swap Contracts, as determined by the applicable counterparty
in accordance with the terms thereof and in accordance with customary methods for calculating mark-to-market values under similar arrangements
by such counterparty.

 

“Synthetic
Debt” means, with respect to any Person as of any date of determination thereof, all obligations of such Person in respect
of transactions entered into by such Person that are intended to function primarily as a borrowing of funds (including any minority interest
transactions that function primarily as a borrowing) but are not otherwise included in the definition of “Indebtedness” or
as a liability on the consolidated balance sheet of such Person and its Subsidiaries in accordance with GAAP.

 

    	-29-

    	 

    

 

“Synthetic
Lease Obligation” means the monetary obligation of a Person under (i) a so-called synthetic, off-balance sheet or tax retention
lease, or (ii) an agreement for the use or possession of property (including any Sale Leaseback), in each case, creating obligations
that do not appear on the balance sheet of such Person but which could be characterized as the indebtedness of such Person (without regard
to accounting treatment).

 

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

 

“Termination
Date” has the meaning specified in Section 9.11(a).

 

“Tenth
Amendment” means the Tenth Amendment to Amended and Restated Senior Secured Credit Agreement, dated as of March 11, 2022, by
and among Administrative Agent, Collateral Agent, Lenders, the Borrower, Parent and Guarantors.

 

“Tenth
Amendment Effective Date” has the meaning set forth in Section 4 of the Tenth Amendment.

 

“Tenth
Amendment Term Loan Commitments” has the meaning set forth in the preliminary statements of the Tenth Amendment.

 

“Tenth
Amendment Term Loans” has the meaning set forth in the preliminary statements of the Tenth Amendment.

 

“Third
Amendment” means the Third Amendment to Amended and Restated Senior Secured Credit Agreement, dated as of August 12, 2021,
by and among Administrative Agent, Collateral Agent, Lenders, the Borrower, Parent and Guarantors.

 

“Third
Amendment Effective Date” has the meaning set forth in Section 4 of the Third Amendment.

 

“Thirteenth
Amendment” means the Thirteenth Amendment to Amended and Restated Senior Secured Credit Agreement, dated as of May 10, 2022,
by and among Administrative Agent, Collateral Agent, Lenders, the Borrower, Parent and Guarantors.

 

“Thirteenth
Amendment Effective Date” has the meaning set forth in Section 4 of the Thirteenth Amendment.

 

“Thirteenth
Amendment Term Loan Commitments” has the meaning set forth in the preliminary statements of the Thirteenth Amendment.

 

“Thirteenth
Amendment Term Loans” has the meaning set forth in the preliminary statements of the Thirteenth Amendment.

 

“Threshold
Amount” means $500,000.

 

    	-30-

    	 

    

 

“Total
Facility Exposure” means, as of any date of determination, the sum of (a) Total Outstandings as of such date and (b) the then
unfunded Commitments (if any).

 

“Total
Outstandings” means, as of any date of determination, the then aggregate Outstanding Amount of all Loans.

 

“Transaction”
means, collectively, (a) extension of Commitments under this Agreement and the continuation of the Loans on the Effective Date, (b)
Parent’s purchase of 100% of the Equity Interests of Borrower pursuant to the terms of CL Media Acquisition Agreement and (c) the
payment of the fees and expenses incurred in connection with any of the foregoing.

 

“Twelfth
Amendment” means the Twelfth Amendment to Amended and Restated Senior Secured Credit Agreement, dated as of April 15, 2022,
by and among Administrative Agent, Collateral Agent, Lenders, the Borrower, Parent and Guarantors.

 

“Twelfth
Amendment Effective Date” has the meaning set forth in Section 4 of the Twelfth Amendment.

 

“Twelfth
Amendment Term Loan Commitments” has the meaning set forth in the preliminary statements of the Twelfth Amendment.

 

“Twelfth
Amendment Term Loans” has the meaning set forth in the preliminary statements of the Twelfth Amendment.

 

“Unforgiven
Debt” has the meaning specified in Section 7.09(c).

 

“Uniform
Commercial Code” or “UCC” means the Uniform Commercial Code as the same may from time to time be in effect
in the State of New York or the Uniform Commercial Code (or similar code or statute) of another jurisdiction, to the extent it may be
required to apply to any security interest in any item or items of Collateral.

 

“United
States” and “U.S.” mean the United States of America.

 

“U.S.
Tax Compliance Certificate” has the meaning specified in Section 3.01(g)(ii)(B)(3).

 

“Wholly-owned”
means, with respect to a Subsidiary of a Person, a Subsidiary of such Person all of the outstanding Equity Interests of which (other
than (x) director’s qualifying shares and (y) shares issued to foreign nationals to the extent required by applicable Law) are
owned by such Person and/or by one or more wholly-owned Subsidiaries of such Person.

 

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

 

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

 

    	-31-

    	 

    

 

 Section
1.02. Other Interpretive Provisions. With reference to this Agreement and each other Loan Document, unless otherwise specified
herein or in such other Loan Document:

 

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

 

 (b) (i)
The words “herein,” “hereto,” “hereof” and “hereunder” and words of similar import when
used in any Loan Document shall refer to such Loan Document as a whole and not to any particular provision thereof.

 

 (ii) Article,
Section, paragraph, clause, subclause, Exhibit and Schedule references are to the Loan Document in which such reference appears.

 

 (iii) The
term “including” is by way of example and not limitation.

 

 (iv) The
term “documents” includes any and all instruments, documents, agreements, certificates, notices, reports, financial statements
and other writings, however evidenced, whether in physical or electronic form.

 

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

 

 (d) Section
headings herein and in the other Loan Documents are included for convenience of reference only and shall not affect the interpretation
of this Agreement or any other Loan Document.

 

 (e) Whenever
the context may require, any pronoun shall include the corresponding masculine, feminine or neuter forms.

 

 Section
1.03. Accounting Terms. (a) All accounting terms not specifically or completely defined herein shall be construed in conformity
with, and all financial data (including financial ratios and other financial calculations) required to be submitted pursuant to this
Agreement shall be prepared in conformity with, GAAP, applied in a manner consistent with that used in preparing the audited financial
statements, except as otherwise specifically prescribed herein; provided, however, that if Borrower notifies the Administrative
Agent that Borrower request an amendment to any provision hereof to eliminate the effect of any Accounting Change occurring after the
Effective Date or in the application thereof on the operation of such provision, regardless of whether any such notice is given before
or after such Accounting Change or in the application thereof, then the Administrative Agent and Borrower agree that they will negotiate
in good faith amendments to the provisions of this Agreement that are directly affected by such Accounting Change with the intent of
having the respective positions of the Lenders and Borrower after such Accounting Change 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, (i) the provisions in this Agreement
shall be calculated as if no such Accounting Change had occurred and (ii) Borrower shall provide to the Administrative Agent and the
Lenders a written reconciliation in form and substance reasonably satisfactory to the Administrative Agent, between calculations of any
applicable ratios, baskets and other requirements hereunder before and after giving effect to such Accounting Change.

 

    	-32-

    	 

    

 

 (b) Where
reference is made to a Person “and its Subsidiaries on a consolidated basis” or similar language, such consolidation shall
not include any subsidiaries other than Subsidiaries.

 

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

 

 Section
1.05. References to Agreements, Laws, Etc. Unless otherwise expressly provided herein, (a) references to documents, agreements
(including the Loan Documents) and other contractual instruments shall be deemed to include all subsequent amendments, restatements,
amendments and restatements, extensions, supplements and other modifications thereto, but only to the extent that such amendments, restatements,
amendments and restatements, extensions, supplements and other modifications are permitted by any Loan Document; and (b) references to
any Law shall include all statutory and regulatory provisions consolidating, amending, replacing, supplementing or interpreting such
Law.

 

 Section
1.06. Times of Day. Unless otherwise specified, all references herein to times of day shall be references to Eastern time (daylight
or standard, as applicable).

 

 Section
1.07. Timing of Payment or Performance. When the payment of any obligation or the performance of any covenant, duty or obligation
is stated to be due or performance required on a day which is not a Business Day, the date of such payment or performance shall extend
to the immediately succeeding Business Day.

 

 Section
1.08. Currency Equivalents Generally. (a) Any amount specified in this Agreement (other than in Article II, Article IX and Article
X or as set forth in paragraph (b) of this Section) or any of the other Loan Documents to be in Dollars shall also include the equivalent
of such amount in any currency other than Dollars, such equivalent amount to be determined in a manner consistent with the definition
of Exchange Rate.

 

 (b) For
purposes of determining compliance under Sections 7.02, 7.05 and 7.06, any amount in a currency other than Dollars will be converted
to Dollars in a manner consistent with that used in calculating net income in Parent’s annual financial statements delivered pursuant
to Section 6.01(c); provided, however, that the foregoing shall not be deemed to apply to the determination of any amount of Indebtedness.

 

    	-33-

    	 

    

 

Article
II

 

The
Commitments and Credit Extensions

 

 Section
2.01. The Loans. (a) Subject to the terms and conditions set forth herein, on the Effective Date, each Lender agreed to continue
certain term loans (the “Initial Loans”) in an aggregate principal amount not to exceed at any time outstanding the
amount set forth opposite such Lender’s name in Schedule 2.01(a) (such amount being referred to herein as such Lender’s “Initial
Commitment”). For the avoidance of doubt, as of the Fifteenth Amendment Effective Date, the Initial Commitment of each Lender
shall be $0.

 

 (b) Subject
to the terms and conditions set forth herein and in the Second Amendment, on the Second Amendment Effective Date, each Lender agrees
to make 2021 Term Loans in an aggregate principal amount equal to its 2021 Term Loan Commitment as set forth opposite such Lender’s
name in Schedule 2.01(a). For the avoidance of doubt, as of the Fifteenth Amendment Effective Date, the 2021 Term Loan Commitment of
each Lender shall be $0.

 

 (c) Subject
to the terms and conditions set forth herein and in the Third Amendment, on the Third Amendment Effective Date, each Lender agrees to
make 2021 Additional Term Loans in an aggregate principal amount equal to its 2021 Additional Term Loan Commitment as set forth opposite
such Lender’s name in Schedule 2.01(a). For the avoidance of doubt, as of the Fifteenth Amendment Effective Date, the 2021 Additional
Term Loan Commitment of each Lender shall be $0.

 

 (d) Subject
to the terms and conditions set forth herein and in the Fourth Amendment, on the Fourth Amendment Effective Date, each Lender agrees
to make 2021 New Term Loans in an aggregate principal amount equal to its 2021 New Term Loan Commitment as set forth opposite such Lender’s
name in Schedule 2.01(a). For the avoidance of doubt, as of the Fifteenth Amendment Effective Date, the 2021 New Term Loan Commitment
of each Lender shall be $0.

 

(e) Subject to the terms and conditions set forth herein and in the Fifth Amendment, on the Fifth
Amendment Effective Date, each Lender agrees to make 2021 October New Term Loans in an aggregate principal amount equal to its 2021 October
New Term Loan Commitment as set forth opposite such Lender’s name in Schedule 2.01(a). For the avoidance of doubt, as of the Fifteenth
Amendment Effective Date, the 2021 October New Term Loan Commitment of each Lender shall be $0.

 

(f) Subject
to the terms and conditions set forth herein and in the Sixth Amendment, on the Sixth Amendment Effective Date, each Lender agrees to
make Sixth Amendment Term Loans in an aggregate principal amount equal to its Sixth Amendment Term Loan Commitment as set forth opposite
such Lender’s name in Schedule 2.01(a). For the avoidance of doubt, as of the Fifteenth Amendment Effective Date, the Sixth Amendment
Term Loan Commitment of each Lender shall be $0.

 

    	-34-

    	 

    

 

(g) Subject
to the terms and conditions set forth herein and in the Seventh Amendment, on the Seventh Amendment Effective Date, each Lender agrees
to make Seventh Amendment Term Loans in an aggregate principal amount equal to its Seventh Amendment Term Loan Commitment as set forth
opposite such Lender’s name in Schedule 2.01(a). For the avoidance of doubt, as of the Fifteenth Amendment Effective Date, the
Seventh Amendment Term Loan Commitment of each Lender shall be $0.

 

(h)
Subject to the terms and conditions set forth herein and in the Eighth Amendment, on the Eighth Amendment Effective Date, each Lender
agrees to make Eighth Amendment Term Loans in an aggregate principal amount equal to its Eighth Amendment Term Loan Commitment as set
forth opposite such Lender’s name in Schedule 2.01(a). For the avoidance of doubt, as of the Fifteenth Amendment Effective Date,
the Eighth Amendment Term Loan Commitment of each Lender shall be $0.

 

(i)
Subject to the terms and conditions set forth herein and in the Ninth Amendment, on the Ninth Amendment Effective Date, each Lender agrees
to make Ninth Amendment Term Loans in an aggregate principal amount equal to its Ninth Amendment Term Loan Commitment as set forth opposite
such Lender’s name in Schedule 2.01(a). For the avoidance of doubt, as of the Fifteenth Amendment Effective Date, the Ninth Amendment
Term Loan Commitment of each Lender shall be $0.

 

(j) Subject
to the terms and conditions set forth herein and in the Tenth Amendment, on the Tenth Amendment Effective Date, each Lender agrees to
make Tenth Amendment Term Loans in an aggregate principal amount equal to its Tenth Amendment Term Loan Commitment as set forth opposite
such Lender’s name in Schedule 2.01(a). For the avoidance of doubt, as of the Fifteenth Amendment Effective Date, the Tenth Amendment
Term Loan Commitment of each Lender shall be $0.

 

(k) Subject
to the terms and conditions set forth herein and in the Eleventh Amendment, on the Eleventh Amendment Effective Date, each Lender agrees
to make Eleventh Amendment Term Loans in an aggregate principal amount equal to its Eleventh Amendment Term Loan Commitment as set forth
opposite such Lender’s name in Schedule 2.01(a). For the avoidance of doubt, as of the Fifteenth Amendment Effective Date, the
Eleventh Amendment Term Loan Commitment of each Lender shall be $0.

 

(l)
Subject to the terms and conditions set forth herein and in the Twelfth Amendment, on the Twelfth Amendment Effective Date, each Lender
agrees to make Twelfth Amendment Term Loans in an aggregate principal amount equal to its Twelfth Amendment Term Loan Commitment as set
forth opposite such Lender’s name in Schedule 2.01(a). For the avoidance of doubt, as of the Fifteenth Amendment Effective Date,
the Twelfth Amendment Term Loan Commitment of each Lender shall be $0.

 

(m)
Subject to the terms and conditions set forth herein and in the Thirteenth Amendment, on the Thirteenth Amendment Effective Date, each
Lender agrees to make Thirteenth Amendment Term Loans in an aggregate principal amount equal to its Thirteenth Amendment Term Loan Commitment
as set forth opposite such Lender’s name in Schedule 2.01(a). For the avoidance of doubt, as of the Fifteenth Amendment Effective
Date, the Thirteenth Amendment Term Loan Commitment of each Lender shall be $0.

 

    	-35-

    	 

    

 

(n)
Subject to the terms and conditions set forth herein and in the Fourteenth Amendment, on the Fourteenth Amendment Effective Date, each
Lender agrees to make Fourteenth Amendment Term Loans in an aggregate principal amount equal to its Fourteenth Amendment Term Loan Commitment
as set forth opposite such Lender’s name in Schedule 2.01(a). For the avoidance of doubt, as of the Fifteenth Amendment Effective
Date, the Fourteenth Amendment Term Loan Commitment of each Lender shall be $0.

 

(o)
Subject to the terms and conditions set forth herein and in the Fifteenth Amendment, on the Fifteenth Amendment Effective Date, each
Lender agrees to make Fifteenth Amendment Term Loans in an aggregate principal amount equal to its Fifteenth Amendment Term Loan Commitment
as set forth opposite such Lender’s name in Schedule 2.01(a).

 

(p) Amounts borrowed under this Section 2.01 and repaid or prepaid may not be re-borrowed.

 

 (q) All
the outstanding principal amount of (i) the Last Out Loans, together with all accrued and unpaid interest thereon, and any fees and other
amounts payable hereunder, shall be due and payable on the earlier of (x) the Last Out Maturity Date and (y) the date of the acceleration
of the Loans pursuant to Section 8.02.

 

 (r) All
the outstanding principal amount of the First Out Loans, together with all accrued and unpaid interest thereon, and any fees and other
amounts payable hereunder, shall be due and payable on the earlier of (x) the First Out Maturity Date and (y) the date of the acceleration
of the Loans pursuant to Section 8.02.

 

 Section
2.02. [Reserved].

 

 Section
2.03. Prepayments.

 

 (a) Optional
Prepayments. (i) Borrower may, upon delivery of a Prepayment Notice to the Administrative Agent, at any time or from time to time,
voluntarily prepay, in whole or in part (in a minimum amount of $250,000 and integral multiples of $50,000 in excess of that amount for
each partial prepayment) the outstanding principal amount of the Loans on any Business Day (the “Prepayment Date”)
for an amount equal to the Loans being prepaid on such Prepayment Date, plus any accrued but unpaid interest on the aggregate principal
amount of the Loans being prepaid.

 

 (ii) Any
Prepayment Notice must be received by the Administrative Agent not later than 12:00 noon (New York, New York time) three (3) Business
Days prior to any Prepayment Date and shall specify the date and amount of such prepayment. The Administrative Agent will promptly notify
each Lender of its receipt of each such notice, and of the amount of such Lender’s Pro Rata Share of such prepayment. If such notice
is given by Borrower, Borrower shall make such prepayment and the payment amount specified in such notice shall be due and payable on
the date specified therein. Each prepayment of Loans pursuant to this Section 2.03(a) shall be paid to the Lenders in accordance with
their respective Pro Rata Shares.

 

    	-36-

    	 

    

 

 (iii) No
partial prepayment shall be made under this Section 2.03(a) in connection with any event described in Section 2.03(b).

 

 (b) Mandatory
Prepayments. (i) [Reserved].

 

 (ii) No
later than the fifth Business Day following the date any Loan Party receives Net Cash Proceeds from the Disposition of any property (excluding
Dispositions permitted pursuant to Section 7.05 (other than pursuant to Section 7.05(f)), Borrower shall prepay the Loans as set forth
in Section 2.03(e) in an aggregate amount equal to 100% of all such Net Cash Proceeds realized or received in connection with such Disposition;
provided, so long as no Default or Event of Default shall have occurred and be continuing, Borrower shall have the option, instead
of prepaying Loans therewith, directly or through one or more of Parent’s domestic Subsidiaries, to invest such Net Cash Proceeds
within one hundred eighty (180) days of receipt thereof in productive assets of the general type used in the business of Parent and its
domestic Subsidiaries.

 

 (iii) No
later than the fifth Business Day following the date any Loan Party receives Net Cash Proceeds from any Casualty Event, Borrower shall
prepay the Loans as set forth in Section 2.03(e) in an aggregate amount equal to 100% of all such Net Cash Proceeds realized or received
in connection with such Casualty Event; provided, so long as no Default or Event of Default shall have occurred and be continuing,
Borrower shall have the option, instead of prepaying Loans therewith, directly or through one or more of Parent’s domestic Subsidiaries,
to invest such Net Cash Proceeds within one hundred eighty (180) days of receipt thereof in productive assets of the general type used
in the business of Parent and its domestic Subsidiaries, which investment may include the repair, restoration or replacement of the applicable
assets thereof.

 

 (iv) On
the date of receipt by any Loan Party from the incurrence or issuance of any Indebtedness (including Debt Equivalents) not expressly
permitted to be incurred or issued pursuant to Section 7.03 (other than any convertible notes), Borrower shall prepay the Loans as set
forth in Section 2.03(e) in an aggregate amount equal to 100% of all such Net Cash Proceeds received therefrom; provided that
with respect to any issuance by any Loan Party of any convertible notes (other than up to $15,000,000 of Net Cash Proceeds raised from
cumulative issuances of Equity Interests and convertible notes completed within one hundred eighty (180) days from the Effective Date;
provided that up to $5,000,000 of such Net Cash Proceeds may only be issued in connection with the acquisition of the target disclosed
by Parent to Agent on June 2, 2020), Borrower shall prepay the Loans as set forth in Section 2.03(v) in an aggregate amount equal to
50% of all such Net Cash Proceeds received therefrom. For the avoidance of doubt, any prepayment made pursuant to this Section 2.03(b)(iv)
shall not be deemed to be a consent to the incurrence or issuance of any such Indebtedness or a cure or waiver of any Event of Default
which occurs in connection therewith, it being understood that such Event of Default may only be waived with the express consent of Required
Lenders.

 

    	-37-

    	 

    

 

 (v) On
the date of receipt by any Loan Party from a capital contribution or issuance of any Equity Interests of Parent or any of its Subsidiaries
(other than (i) Equity Interests issued pursuant to any employee stock or stock option compensation plan, (ii) Equity Interests issued
by any Subsidiary to Parent or any other Subsidiary to the extent permitted by Section 7.02, (iii) up to $15,000,000 of Net Cash Proceeds
raised from cumulative issuances of Equity Interests (including preferred stock) and convertible notes of Parent completed within one
hundred eighty (180) days from the Effective Date (provided that up to $5,000,000 of such Net Cash Proceeds may only be issued in connection
with the acquisition of the target disclosed by Parent to Agent on June 2, 2020) and (iv) up to $6,000,000 of total cash proceeds raised
from the 2021 Preferred Stock Issuance on or prior to August 31, 2021), Borrower shall prepay the Loans in an aggregate amount equal
to 50% of all such Net Cash Proceeds received therefrom in accordance with Section 2.03(e) (except in respect of any total cash proceeds
in excess of $6,000,000 raised from the 2021 Preferred Stock Issuance on or prior to August 31, 2021, which shall be applied in direct
order of maturity to reduce the principal amount of the Loans).

 

 (d) [Reserved].

 

 (e) Application
of Prepayments by Type of Loans. So long as no Default or Event of Default has occurred and is continuing, each voluntary and mandatory
prepayment of Loans pursuant to Section 2.03(a) and Section 2.03(b) shall be applied as follows:

 

first,
to the payment of all fees and all expenses specified in Section 8.03, to the full extent thereof;

 

second,
to the payment of that portion of the Obligations constituting accrued, unpaid interest (including, but not limited to, accrued but
uncapitalized PIK Interest);

 

third,
shall be applied in inverse order of maturity to reduce the principal amount of the First Out Loans until the First Out Loans have
been paid in full; and

 

fourth,
shall be applied in inverse order of maturity to reduce the principal amount of the Last Out Loans until the Last Out Loans have
been paid in full.

 

 

Borrower
shall notify the Administrative Agent in writing of any mandatory prepayment of Loans required to be made pursuant Section 2.03(b) pursuant
to a Prepayment Notice. Each such notice shall specify the date of such prepayment and provide a reasonably detailed calculation of the
amount of such prepayment. The Administrative Agent will promptly notify each Lender of the contents of Borrower’s Prepayment Notice
and of such Lender’s Pro Rata Share of the prepayment.

 

 (f) Interest.
All prepayments under this Section 2.03 shall be accompanied by all accrued interest thereon.

 

 Section
2.04. Repayment of Loans. (a) Borrower shall repay in cash to the Administrative Agent (for the ratable account of the Lenders
in respect of the Last Out Loans) (i) commencing with the Fiscal Quarter ending on June 30, 2023, in consecutive quarterly installments
to be paid on the last day of each Fiscal Quarter of Borrower, an amount equal to 2.5% of the outstanding aggregate principal amount
of the Last Out Loans (after giving effect to capitalized PIK Interest) and (ii) on the Last Out Maturity Date all outstanding Obligations
(including, without limitation, all accrued and unpaid principal and interest on the principal amounts of the Loans (including any accrued
but uncapitalized PIK Interest)) of the Loan Parties that are due and payable on such date.

 

    	-38-

    	 

    

 

 (b)
 On the First Out Maturity Date, Borrower shall repay in cash to the Administrative Agent (for the ratable account of the Lenders
in respect of the First Out Loans) all accrued and unpaid principal and interest on the principal amounts of the First Out Loans.

 

 Section
2.05. Interest. (a) Subject to the provisions of Section 2.05(c), (X) the Initial Loans shall bear interest on the outstanding
principal amount thereof for each Interest Period in an amount equal to (i) on and prior to the First Amendment Effective Date, 6.00%
per annum and (ii) after the First Amendment Effective Date and on and prior to the Tenth Amendment Effective Date, 10.00% per annum,
in each case, payable-in-kind in lieu of cash payment (“PIK Interest”) and (Y) after the Tenth Amendment Effective
Date, the Last Out Loans shall bear interest on the outstanding principal amount thereof for each Interest Period in an amount equal
to 10% per annum payable-in-kind in lieu of cash payment.

 

 (b)
Subject to the provisions of Section 2.05(c), the First Out Loans shall bear interest on the outstanding principal amount thereof for
each Interest Period in an amount equal to 12%; provided that, the amount of interest accrued thereon at the Cash Pay Rate shall be payable
in cash and the amount of interest accrued thereon at the PIK Rate shall be payable in kind, in each case, in accordance with the terms
of this Agreement.

 

 (c) Commencing
upon the occurrence and during the continuance of any Event of Default, Borrower shall pay interest on (i) the principal amount of the
Loans and (ii) to the extent then due and payable all other outstanding Obligations hereunder, equal to the Default Rate to the fullest
extent permitted by applicable Laws. Accrued and unpaid interest on past due amounts (including interest on past due interest to the
fullest extent permitted by applicable Laws) shall be due and payable upon demand.

 

 (d) Interest
on each Loan shall be due and payable in arrears on each Interest Payment Date applicable thereto and at such other times as may be specified
herein. All PIK Interest shall accrue and be added and capitalized to the outstanding principal balance of the Loans on each Interest
Payment Date, and the principal amount of the Loans shall be increased by such PIK Interest amount for all purposes under the Loan Documents.
Interest hereunder shall be due and payable in accordance with the terms hereof before and after any judgment.

 

 Section
2.06.  Fees. (a) Borrower shall pay to the Agents a non-refundable annual administration fee equal to $35,000 for agency services
provided under this Agreement. This fee shall be in all respects fully earned, due and paid-in-kind by Borrower on the Effective Date
and on each anniversary of the Effective Date during the term of this Agreement by adding and capitalizing the full amount of such fee
to the outstanding principal balance of the Loans and the principal amount of the Loans shall be increased by such fee amount for all
purposes under the Loan Documents. For the avoidance of doubt, the annual administration fee shall be payable in addition to any amounts
payable to the Administrative Agent pursuant to Section 10.04.

 

    	-39-

    	 

    

 

(b)
Borrower shall pay to the Administrative Agent, (x) for the ratable account of the Lenders in respect of the 2021 Loans, an exit fee
equal to (i) 150% of the principal amount of the 2021 Loans (other than the Sixth Amendment Term Loans, Seventh Amendment Term Loans
and Eighth Amendment Term Loans) advanced to the Borrower pursuant to the terms hereof plus (ii) 200% of the principal amount
of the Sixth Amendment Term Loans, Seventh Amendment Term Loans and Eighth Amendment Term Loans advanced to the Borrower pursuant to
the terms hereof, which shall be due and paid-in-kind by the Borrower on the 10th Amendment Effective Date by adding and capitalizing
the full amount of such fee to the outstanding principal balance of the Last Out Loans and the principal amount of the Last Out Loans
shall be increased by such fee amount for all purposes under the Loan Documents and (y) for the ratable account of the Lenders in respect
of the First Out Loan, an exit fee equal to 5% of the principal amount of the First Out Loans advanced to the Borrower pursuant to the
terms hereof, which shall be paid in cash by the Borrower on the First Out Maturity Date.

 

 Section
2.07. Computation of Interest and Fees. All computations of fees and interest shall be made on the basis of a three hundred and
sixty (360) day year and actual days elapsed. Interest shall accrue on each Loan for the day on which such Loan is made, and shall not
accrue on such Loan, or any portion thereof, for the day on which such Loan or such portion is paid; provided that any such Loan
that is repaid on the same day on which it is made shall bear interest for one (1) day. Each determination by the Administrative Agent
of an interest rate or fee hereunder shall be conclusive and binding for all purposes, absent manifest error.

 

 Section
2.08. Evidence of Indebtedness. (a) The Credit Extensions made by each Lender shall be evidenced by one or more accounts or records
maintained by such Lender. The accounts or records maintained by each Lender shall be prima facie evidence absent manifest error of the
amount of the Credit Extensions made by the Lenders to Borrower and the interest and payments thereon. Any failure to so record or any
error in doing so shall not, however, limit or otherwise affect the obligation of Borrower hereunder to pay any amount owing with respect
to the Obligations. In the event of any conflict between the accounts and records maintained by any Lender and the accounts and records
of the Administrative Agent in respect of such matters, the accounts and records of the Administrative Agent shall control in the absence
of manifest error. Upon the request of any Lender made through the Administrative Agent, Borrower shall execute and deliver to such Lender
(through the Administrative Agent) a Note payable to such Lender, which shall evidence such Lender’s Loans in addition to such
accounts or records. Each Lender may attach schedules to its Note and endorse thereon the date, amount and maturity of its Loans and
payments with respect thereto.

 

 (b) Entries
made in good faith by each Lender in its account or accounts pursuant to Section 2.08(a), shall be prima facie evidence of the amount
of principal and interest due and payable or to become due and payable from Borrower to such Lender, under this Agreement and the other
Loan Documents, absent manifest error; provided that the failure of such Lender to make an entry, or any finding that an entry
is incorrect, in such account or accounts shall not limit or otherwise affect the obligations of Borrower under this Agreement and the
other Loan Documents.

 

    	-40-

    	 

    

 

 Section
2.09. Payments Generally. (a) All payments to be made by Borrower shall be made without condition or deduction for any counterclaim,
defense, recoupment or setoff. Except as otherwise expressly provided herein, all payments by Borrower hereunder shall be made to the
Administrative Agent, for the account of the respective Lenders to which such payment is owed, at the applicable Administrative Agent’s
Office and in immediately available funds not later than 3:00 p.m. (New York City time) on the date specified herein. The Administrative
Agent will promptly distribute to each Lender its Pro Rata Share (or other applicable share as provided herein) of such payment in like
funds as received by wire transfer to such Lender’s Applicable Lending Office. All payments received by the Administrative Agent
after 3:00 p.m. (New York City time) shall be deemed received on the next succeeding Business Day and any applicable interest or fee
shall continue to accrue.

 

 (b) If
any payment to be made by Borrower shall come due on a day other than a Business Day, payment shall be made on the next following Business
Day, and such extension of time shall be reflected in computing interest or fees, as the case may be; provided that if such extension
would cause payment of interest on or principal of the Loans to be made in the next succeeding Fiscal Quarter, such payment shall be
made on the immediately preceding Business Day.

 

 (c) Unless
Borrower or any Lender has notified the Administrative Agent, prior to the date any payment is required to be made by it to the Administrative
Agent hereunder, that Borrower or such Lender, as the case may be, will not make such payment, the Administrative Agent may assume that
Borrower or such Lender, as the case may be, has timely made such payment and may (but shall not be so required to), in reliance thereon,
make available a corresponding amount to the Person entitled thereto. If and to the extent that such payment was not in fact made to
the Administrative Agent in immediately available funds, then:

 

 (i) if
Borrower failed to make such payment, each Lender shall forthwith on demand repay to the Administrative Agent the portion of such assumed
payment that was made available to such Lender in immediately available funds, together with interest thereon in respect of each day
from and including the date such amount was made available by the Administrative Agent to such Lender to the date such amount is repaid
to the Administrative Agent in immediately available funds at the Federal Funds Rate; and

 

 (ii) if
any Lender failed to make such payment, such Lender shall forthwith on demand pay to the Administrative Agent the amount thereof in immediately
available funds, together with interest thereon for the period from the date such amount was made available by the Administrative Agent
to Borrower to the date such amount is recovered by the Administrative Agent (the “Compensation Period”) at a rate
per annum equal to the Federal Funds Rate. When such Lender makes payment to the Administrative Agent (together with all accrued interest
thereon), then such payment amount (excluding the amount of any interest which may have accrued and been paid in respect of such late
payment) shall constitute such Lender’s Loan included in the applicable Borrowing. If such Lender does not pay such amount forthwith
upon the Administrative Agent’s demand therefor, then in the event the Administrative Agent has funded a Loan in advance of receipt
of funds from a defaulting Lender or otherwise made a payment to Borrower on behalf of such defaulting Lender, the Administrative Agent
may make a demand therefor upon Borrower and Borrower shall pay such amount to the Administrative Agent, together with interest thereon
for the Compensation Period at a rate per annum equal to the rate of interest applicable to the applicable Borrowing. Nothing herein
shall be deemed to relieve any Lender from its obligation to fulfill its Commitment or to prejudice any rights which the Administrative
Agent or Borrower may have against any Lender as a result of any default by a Lender hereunder.

 

    	-41-

    	 

    

 

A
notice by the Administrative Agent to any Lender or Borrower with respect to any amount owing under this Section 2.09(c) shall be conclusive,
absent manifest error.

 

 (d) If
any Lender makes available to the Administrative Agent funds for any Loan to be made by such Lender as provided in the foregoing provisions
of this Article II, and such funds are not made available to Borrower by the Administrative Agent because the conditions to the Credit
Extension set forth in Article IV are not satisfied or waived in accordance with the terms hereof, the Administrative Agent shall return
such funds (in like funds as received from such Lender) to such Lender, without interest.

 

 (e) The
obligations of the Lenders hereunder to make Loans are several and not joint. The failure of any Lender to make any Loan shall not relieve
any other Lender of its corresponding obligation to do so on such date, and neither the Administrative Agent nor any Lender shall be
responsible for the failure of any other Lender to make its Loan.

 

 (f) Nothing
herein shall be deemed to obligate any Lender to obtain the funds for any Loan in any particular place or manner or to constitute a representation
by any Lender that it has obtained or will obtain the funds for any Loan in any particular place or manner.

 

 (g) Whenever
any payment received by the Administrative Agent under this Agreement or any of the other Loan Documents is insufficient to pay in full
all amounts due and payable to the Administrative Agent and the Lenders under or in respect of this Agreement and the other Loan Documents
on any date, such payment shall be distributed by the Administrative Agent and applied by the Administrative Agent and the Lenders in
the order of priority set forth in the applicable provisions of Section 2.03(e) or Section 8.03. If the Administrative Agent receives
funds for application to the Obligations of the Loan Parties under or in respect of the Loan Documents under circumstances for which
the Loan Documents do not specify the manner in which such funds are to be applied, the Administrative Agent may, but shall not be obligated
to, elect to distribute such funds to each of the Lenders in accordance with such Lender’s Pro Rata Share of the Outstanding Amount
of all Loans outstanding at such time, in repayment or prepayment of such of the outstanding Loans or other Obligations then owing to
such Lender.

 

 Section
2.10. Sharing of Payments. If, other than as expressly provided elsewhere herein (including, without limitation, in Section 10.07),
any Lender shall obtain on account of the Loans made by it any payment (whether voluntary, involuntary, through the exercise of any right
of setoff, or otherwise) in excess of its ratable share (or other share contemplated hereunder) thereof, such Lender shall immediately
(a) notify the Administrative Agent of such fact, and (b) purchase from the other Lenders such participations in the Loans made by them
as shall be necessary to cause such purchasing Lender to share the excess payment in respect of such Loans or such participations, as
the case may be, pro rata with each of them; provided that if all or any portion of such excess payment is thereafter recovered
from the purchasing Lender under any of the circumstances described in Section 10.06 (including pursuant to any settlement entered into
by the purchasing Lender in its discretion), such purchase shall to that extent be rescinded and each other Lender shall repay to the
purchasing Lender the purchase price paid therefor, together with an amount equal to such paying Lender’s ratable share (according
to the proportion of (i) the amount of such paying Lender’s required repayment to (ii) the total amount so recovered from the purchasing
Lender) of any interest or other amount paid or payable by the purchasing Lender in respect of the total amount so recovered, without
further interest thereon. Borrower agrees that any Lender so purchasing a participation from another Lender may, to the fullest extent
permitted by applicable Law, exercise all its rights of payment (including the right of setoff, but subject to Section 10.09) with respect
to such participation as fully as if such Lender were the direct creditor of Borrower in the amount of such participation. Each Lender
that purchases a participation pursuant to this Section 2.10 shall from and after such purchase have the right to give all notices, requests,
demands, directions and other communications under this Agreement with respect to the portion of the Obligations purchased to the same
extent as though the purchasing Lender were the original owner of the Obligations purchased.

 

    	-42-

    	 

    

 

 Section
2.11. [Reserved].

 

 Section
2.12. Removal or Replacement of a Lender. Anything contained herein to the contrary notwithstanding, in the event that in connection
with any proposed amendment, modification, termination, waiver or consent with respect to any of the provisions hereof as contemplated
by Section 10.01(a) or (b), the consent of Administrative Agent and Required Lenders shall have been obtained but the consent of one
or more of such other Lenders (each a “Non-Consenting Lender”) whose consent is required shall not have been obtained,
then, with respect to such Non-Consenting Lender, Administrative Agent may, by giving written notice to Borrower and any Non-Consenting
Lender of its election to do so, elect to cause such Non-Consenting Lender (and such Non-Consenting Lender hereby irrevocably agrees)
to assign its outstanding Loans in full to one or more Eligible Assignees (each a “Replacement Lender”) in accordance
with the provisions of Section 10.07 and such Non-Consenting Lender shall pay any fees payable thereunder in connection with such assignment;
provided, (i) on the date of such assignment, the Replacement Lender shall pay to the Non-Consenting Lender an amount equal to
the sum of an amount equal to the principal of, and all accrued interest on, all outstanding Loans of the Non-Consenting Lender; and
(ii) each Replacement Lender shall consent, at the time of such assignment, to each matter in respect of which such Lender was a Non-Consenting
Lender. Upon the prepayment of all amounts owing to any Non-Consenting Lender, such Non-Consenting Lender shall no longer constitute
a “Lender” for purposes hereof; provided, any rights of such Non-Consenting Lender to indemnification hereunder shall
survive as to such Non-Consenting Lender.

 

    	-43-

    	 

    

 

Article
III

 

Taxes,
Increased Costs Protection and Illegality

 

 Section
3.01. Taxes.

 

 (a) Defined
Terms. For purposes of this Section 3.01, the term “applicable law” includes FATCA.

 

 (b) Payments
Free of Taxes. Any and all payments by or on account of any obligation of any Loan Party under any Loan Document shall be made without
deduction or withholding for any Taxes, except as required by applicable law. If any applicable law (as determined in the good faith
discretion of an applicable Withholding Agent) requires the deduction or withholding of any Tax from any such payment by a Withholding
Agent, then the applicable Withholding Agent shall be entitled to make such deduction or withholding and shall timely pay the full amount
deducted or withheld to the relevant Governmental Authority in accordance with applicable law and, if such Tax is an Indemnified Tax,
then the sum payable by the applicable Loan Party shall be increased as necessary so that after such deduction or withholding has been
made (including such deductions and withholdings applicable to additional sums payable under this Section 3.01) the applicable Recipient
receives an amount equal to the sum it would have received had no such deduction or withholding been made.

 

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

 

 (d) Indemnification
by the Loan Parties. The Loan Parties shall jointly and severally indemnify each Recipient, within ten (10) days after demand therefor,
for the full amount of any Indemnified Taxes (including Indemnified Taxes imposed or asserted on or attributable to amounts payable under
this Section 3.01) payable or paid by such Recipient or required to be withheld or deducted from a payment to such Recipient and any
reasonable expenses arising therefrom or with respect thereto, whether or not such Indemnified Taxes were correctly or legally imposed
or asserted by the relevant Governmental Authority. A certificate as to the amount of such payment or liability delivered to Borrower
by a Lender (with a copy to the Administrative Agent), or by the Administrative Agent on its own behalf or on behalf of a Lender, shall
be conclusive absent manifest error.

 

 (e) Indemnification
by the Lenders. Each Lender shall severally indemnify the Administrative Agent, within ten (10) days after demand therefor, for (i)
any Indemnified Taxes attributable to such Lender (but only to the extent that any Loan Party has not already indemnified the Administrative
Agent for such Indemnified Taxes and without limiting the obligation of the Loan Parties to do so), (ii) any Taxes attributable to such
Lender’s failure to comply with the provisions of Section 10.07(d) 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).

 

    	-44-

    	 

    

 

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

 

 (g) Status
of Lenders. (i) Any Lender that is entitled to an exemption from or reduction of withholding Tax with respect to payments made under
any Loan Document shall deliver to Borrower and the Administrative Agent, at the time or times reasonably requested by Borrower or the
Administrative Agent, such properly completed and executed documentation reasonably requested by 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 Borrower or the Administrative Agent, shall deliver such other documentation prescribed by applicable law or reasonably
requested by Borrower or the Administrative Agent as will enable Borrower or the Administrative Agent to determine whether or not such
Lender is subject to backup withholding or information reporting requirements. Notwithstanding anything to the contrary in the preceding
two sentences, the completion, execution and submission of such documentation (other than such documentation set forth in Section 3.01(g)(ii)(A),
(ii)(B) and (ii)(D) below) shall not be required if in the Lender’s reasonable judgment such completion, execution or submission
would subject such Lender to any material unreimbursed cost or expense or would materially prejudice the legal or commercial position
of such Lender.

 

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

 

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

 

    	-45-

    	 

    

 

 (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, as applicable) establishing an exemption
from, or reduction of, U.S. federal withholding Tax pursuant to the “interest” article of such tax treaty and (y) with respect
to any other applicable payments under any Loan Document, IRS Form W-8BEN (or W-8BEN-E, as applicable) establishing an exemption from,
or reduction of, U.S. federal withholding Tax pursuant to the “business profits” or “other income” article of
such tax treaty;

 

 (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 Code, (x) a certificate
to the effect that such Foreign Lender is not a “bank” within the meaning of Section 881(c)(3)(A) of the Code, a “10
percent shareholder” of Borrower within the meaning of Section 881(c)(3)(B) of the Code, or a “controlled foreign corporation”
described in Section 881(c)(3)(C) of the Code (a “U.S. Tax Compliance Certificate”) and (y) executed copies of IRS
Form W-8BEN (or W-8BEN-E, as applicable); 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, as applicable), a U.S. Tax Compliance Certificate, IRS Form W-9, and/or other certification documents from each
beneficial owner, as applicable; provided that if the Foreign Lender is a partnership and one or more direct or indirect partners
of such Foreign Lender are claiming the portfolio interest exemption, such Foreign Lender may provide a U.S. Tax Compliance Certificate
on behalf of each such direct and indirect partner;

 

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

 

 (D) if
a payment made to a Lender under any Loan Document would be subject to U.S. federal withholding Tax imposed by FATCA if such Lender were
to fail to comply with the applicable reporting requirements of FATCA (including those contained in Section 1471(b) or 1472(b) of the
Code, as applicable), such Lender shall deliver to Borrower and the Administrative Agent at the time or times prescribed by law and at
such time or times reasonably requested by Borrower or the Administrative Agent such documentation prescribed by applicable law (including
as prescribed by Section 1471(b)(3)(C)(i) of the Code) and such additional documentation reasonably requested by Borrower or the Administrative
Agent as may be necessary for 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.

 

    	-46-

    	 

    

 

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

 

 (h) Treatment
of Certain Refunds. If any party determines, in its reasonable discretion, that it has received a refund of any Taxes as to which
it has been indemnified pursuant to this Section 3.01 (including by the payment of additional amounts pursuant to this Section 3.01),
it shall pay to the indemnifying party an amount equal to such refund (but only to the extent of indemnity payments made under this Section
with respect to the Taxes giving rise to such refund), net of all out-of-pocket expenses (including Taxes) of such indemnified party
and without interest (other than any interest paid by the relevant Governmental Authority with respect to such refund). Such indemnifying
party, upon the request of such indemnified party, shall repay to such indemnified party the amount paid over pursuant to this paragraph
(h) (plus any penalties, interest or other charges imposed by the relevant Governmental Authority) in the event that such indemnified
party is required to repay such refund to such Governmental Authority. Notwithstanding anything to the contrary in this paragraph (h),
in no event will the indemnified party be required to pay any amount to an indemnifying party pursuant to this paragraph (h) the payment
of which would place the indemnified party in a less favorable net after-Tax position than the indemnified party would have been in if
the Tax subject to indemnification and giving rise to such refund had not been deducted, withheld or otherwise imposed and the indemnification
payments or additional amounts with respect to such Tax had never been paid. This 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.

 

 (i) Survival.
Each party’s obligations under this Section 3.01 shall survive the resignation or replacement of the Administrative Agent or any
assignment of rights by, or the replacement of, a Lender, the termination of the Commitments and the repayment, satisfaction or discharge
of all obligations under any Loan Document.

 

 Section
3.02. Illegality. (a) If any Lender determines that any Law has made it unlawful, or that any Governmental Authority that is a
court, statutory board or commission has asserted that it is unlawful, for any Lender or its Applicable Lending Office to make, maintain
or fund the Loans (and, in the reasonable opinion of such Lender, the designation of a different lending office would either not avoid
such unlawfulness or would be materially disadvantageous to such Lender), then such Lender shall promptly notify Borrower thereof following
which (a) the Lender’s Commitment shall be suspended until such time as such Lender may again make and maintain the Loans hereunder
and (b) if such Law shall so mandate, the Loans held by such Lender shall be prepaid by Borrower on or before such date as shall be mandated
by such Law in an amount equal to 100% of the aggregate principal amount of Loans held by such Lender, plus any accrued but unpaid interest
on the aggregate principal amount of the Loans being prepaid.

 

    	-47-

    	 

    

 

 (b) If
any provision of this Agreement or any of the other Loan Documents would obligate Borrower to make any payment of interest with respect
to the Facility or other amount payable to the Administrative Agent or any Lender in an amount or calculated at a rate which would be
prohibited by any Law then, notwithstanding such provision, such amount or rates shall be deemed to have been adjusted with retroactive
effect to the maximum amount or rate of interest, as the case may be, as would not be so prohibited by any applicable law or so result
in a receipt by the Administrative Agent or such Lender of interest with respect to its Loans and Commitments at a criminal rate, such
adjustment to be effected, to the extent necessary, as follows:

 

 (i) first,
by reducing the amount or rate of interest required to be paid to the Administrative Agent or the affected Lender under Section 2.05;
and

 

 (ii) thereafter,
by reducing any fees, commissions, premiums and other amounts required to be paid to the Administrative Agent or the affected Lender
which would constitute interest with respect to the Loans or Commitments for purposes of any applicable law.

 

 Section
3.03. Increased Cost and Reduced Return; Capital Adequacy. (a) If any Lender reasonably determines that as a result of any Change
in Law there shall be any increase in the cost to such Lender agreeing to make, making or maintaining any Loan, or a reduction in the
amount received or receivable by such Lender in connection with any of the foregoing (excluding for purposes of this Section 3.03(a)
any such increased costs or reduction in amount resulting from (i) Indemnified Taxes, (ii) Taxes described in clauses (b) through (d)
of the definition of Excluded Taxes or (iii) Other Connection Taxes), then from time to time within fifteen (15) days after written demand
by such Lender setting forth in reasonable detail such increased costs (with a copy of such demand to the Administrative Agent given
in accordance with Section 3.04), Borrower shall pay to such Lender such additional amounts as will compensate such Lender for such increased
cost or reduction.

 

 (b) If
any Lender reasonably determines that the introduction of any Law regarding (i) capital adequacy or any change therein or in the interpretation
thereof or (ii) liquidity requirement, or in each case any change therein or in the interpretation thereof with which such Lender (or
its Applicable Lending Office) is required to comply, in each case after the date hereof, would have the effect of reducing the rate
of return on the capital of such Lender, or any corporation controlling such Lender, to a level below that which such Lender, or the
corporation controlling such Lender, could have achieved but for such Change in Law (taking into consideration such Lender’s policies
and the policies of any corporation controlling such Lender with respect to capital adequacy) as a consequence of such Lender’s
obligations hereunder, then from time to time upon written demand of such Lender setting forth in reasonable detail the charge and the
calculation of such reduced rate of return (with a copy of such demand to the Administrative Agent given in accordance with Section 3.04),
Borrower shall pay to such Lender such additional amounts as will compensate such Lender for such reduction within fifteen (15) days
after receipt of such demand.

 

    	-48-

    	 

    

 

 (c) Failure
or delay on the part of any Lender to demand compensation pursuant to this Section 3.03 shall not constitute a waiver of such Lender’s
right to demand such compensation.

 

 (d) If
any Lender requests compensation under this Section 3.03, then such Lender will, if requested by Borrower, use commercially reasonable
efforts to designate another Applicable Lending Office for any Loan affected by such event; provided that such efforts are made
on terms that, in the reasonable judgment of such Lender, cause such Lender and its Applicable Lending Office(s) to suffer no material
economic, legal or regulatory disadvantage; and provided further that nothing in this Section 3.03(d) shall affect or postpone
any of the Obligations of Borrower or the rights of such Lender pursuant to Section 3.03(a), (b) or (c).

 

 Section
3.04. Matters Applicable to All Requests for Compensation. The Administrative Agent or any Lender claiming compensation under
this Article III shall deliver a certificate to Borrower setting forth the additional amount or amounts to be paid to it hereunder, which
shall be conclusive absent manifest error. In determining such amount, the Administrative Agent or such Lender, as the case may be, may
use any reasonable averaging and attribution methods. With respect to any Lender’s claim for compensation under Section 3.01, Section
3.02 or Section 3.03, Borrower shall not be required to compensate such Lender for any amount incurred more than one hundred and eighty
(180) days prior to the date that such Lender notifies Borrower of the event that gives rise to such claim; provided that if the
circumstance giving rise to such claim is retroactive, then such 180-day period referred to above shall be extended to include the period
of retroactive effect thereof.

 

 Section
3.05. Survival. All of Borrower’s obligations under this Article III shall survive termination of the Aggregate Commitments
and repayment of all other Obligations hereunder.

 

Article
IV

 

Conditions
Precedent

 

 Section
4.01. Conditions to the Effective Date. The obligation of each Lender to amend and restated the Existing Credit Agreement and
continue the Loans hereunder on the Effective Date is subject to satisfaction or waiver in writing by the Lenders of the following conditions
precedent:

 

 (a) The
Administrative Agent’s receipt of the following, each properly executed by a Responsible Officer of the signing Loan Party, and
each in form and substance satisfactory to the Administrative Agent and its legal counsel:

 

 (i) duly
executed counterparts of this Agreement, the Guaranty, the Securities Pledge Agreement, each Security Agreement Supplement, each Intellectual
Property Security Agreement Supplement, and the other Loan Documents by each Loan Party, the Administrative Agent, the Collateral Agent
and Lenders, as applicable;

 

    	-49-

    	 

    

 

 (ii) such
certificates or resolutions or other corporate action, incumbency certificates and/or other certificates of Responsible Officers of each
Loan Party as the Administrative Agent may reasonably require evidencing the identity, authority and capacity of each Responsible Officer
thereof authorized to act as a Responsible Officer in connection with this Agreement and the other Loan Documents to which such Loan
Party is a party or is to be a party on the Effective Date;

 

 (iii) (A)
Organization Documents of each Loan Party and (B) good standing certificates or certificates of status, as applicable, as of a date reasonably
proximate to the Effective Date, from the applicable Governmental Authority of each Loan Party’s jurisdiction of incorporation,
organization or formation;

 

 (iv) a
certificate attesting to the Solvency of the Loan Parties (taken as a whole) on the Effective Date after giving effect to the Transaction
and the other transactions contemplated hereby and thereby, from the chief financial officer of the Parent in substantially the form
of Exhibit I hereto;

 

 (v) copies
of a recent Lien and judgment search in each jurisdiction reasonably requested by the Collateral Agent with respect to the Loan Parties
together with evidence that, upon satisfaction of the conditions precedent contained in any applicable payoff letters, all existing Liens
(other than Permitted Liens) will be terminated and released and all actions required to terminate and release such Liens have been satisfactorily
taken or will be capable of being satisfactorily undertaken substantially simultaneously with the closing of the Transaction; and

 

 (vi) an
opinion by Dickinson Wright PLLC, counsel to the Loan Parties, in form and substance reasonably satisfactory to the Administrative Agent.

 

 (b) As
of the Effective Date, after giving effect to the Transaction, the Loan Parties will have no indebtedness other than the Facility and
any Surviving Indebtedness specified on Schedule 7.03(b). All amounts due or outstanding in respect of the Fast Pay Indebtedness and
any other Indebtedness other than the Facility and any Surviving Indebtedness specified on Schedule 7.03(b) shall have been repaid in
full, all commitments (if any) in respect thereof terminated, all guarantees (if any) thereof discharged and released and all security
therefor (if any) released, together with all fees and other amounts owing thereon, or documentation in form and substance reasonably
satisfactory to the Administrative Agent to effect such release upon such repayment and termination shall have been delivered to the
Administrative Agent.

 

    	-50-

    	 

    

 

 (c) In
order to create in favor of Collateral Agent, for the benefit of the Lenders, a valid, perfected first priority security interest in
the personal property Collateral, Collateral Agent shall have received:

 

 (i) (A)
to the extent applicable, updated schedules to this Agreement and (B) evidence satisfactory to Collateral Agent of the compliance by
each Loan Party of their obligations under the Collateral Documents (including, without limitation, their obligations to authorize or
execute, as the case may be, and deliver UCC financing statements, originals of securities, instruments and chattel paper, deposit account
control agreements and any agreements governing securities accounts as provided therein);

 

 (ii) a
completed Collateral Questionnaire dated as of the Effective Date and executed by a Responsible Officer of each Loan Party, together
with all attachments contemplated thereby, including (A) the results of a recent search, by a Person satisfactory to Collateral Agent,
of all effective UCC financing statements (or equivalent filings) made with respect to any personal or mixed property of any Loan Party
in the jurisdictions specified in the Collateral Questionnaire, together with copies of all such filings disclosed by such search, and
(B) UCC termination statements (or similar documents) duly executed by all applicable Persons for filing in all applicable jurisdictions
as may be necessary to terminate any effective UCC financing statements (or equivalent filings) disclosed in such search (other than
any such financing statements in respect of Permitted Liens); and

 

 (iii) evidence
that each Loan Party shall have taken or caused to be taken any other action, executed and delivered or caused to be executed and delivered
any other agreement, document and instrument (including without limitation, (i) a landlord personal property collateral access agreement
executed by the landlord of any leasehold property and by the applicable Loan Party, and (ii) any intercompany notes evidencing Indebtedness
permitted to be incurred pursuant to Section 7.03(i)) and made or caused to be made any other filing and recording (other than as set
forth herein) reasonably required by Collateral Agent.

 

 (d) The
CL Media Acquisition Agreement shall have become effective and Parent shall have purchased 100% of the Equity Interests of Borrower.

 

 (e) The
Administrative Agent shall have received reasonably satisfactory evidence of insurance required to be maintained pursuant to Section
6.07 and the Collateral Agent shall be named as an additional loss payee and additional insured, as applicable, thereunder.

 

 (f) The
representations and warranties of Borrower contained in Article V or any other Loan Document shall be true and correct in all material
respects on and as of the Effective Date (before and after giving effect to any Credit Extension made or deemed made on the Effective
Date); provided that to the extent that such representations and warranties specifically refer to an earlier date, they shall
be true and correct in all material respects as of such earlier date; provided further that any representation and warranty that
is qualified as to “materiality”, “Material Adverse Effect” or similar language shall be true and correct (after
giving effect to any qualification therein) in all respects on such respective dates.

 

    	-51-

    	 

    

 

 (g) No
Default or Event of Default exists or would result from the Credit Extension made or deemed made on the Effective Date or from the application
of the proceeds therefrom.

 

 (h) The
Lenders shall have received on or prior to the Effective Date all documentation and other information required by regulatory authorities
under applicable “know your customer” and anti-money laundering rules and regulations, including without limitation the PATRIOT
Act and customary management background checks, in order to allow the Lenders to comply therewith, in each case, to the extent requested
at least five (5) Business Days prior to the Closing Date.

 

Article
V

 

Representations
and Warranties

 

Borrower
represents and warrants to the Agents and the Lenders that:

 

 Section
5.01. Existence, Qualification and Power; Compliance with Laws. Each Loan Party and each of its Subsidiaries (a) is duly incorporated,
organized or formed, and validly existing and in good standing under the Laws of the jurisdiction of its incorporation or organization
(to the extent such concept exists in such jurisdiction), (b) has all requisite power and authority to (i) own or lease its assets and
carry on its business and (ii) execute, deliver and perform its obligations under the Loan Documents to which it is a party, (c) is duly
qualified and in good standing (to the extent such concept exists) under the Laws of each jurisdiction where its ownership, lease or
operation of properties or the conduct of its business requires such qualification, (d) is in compliance with all Laws (including, without
limitation, Regulation X of the Board of Governors of the Federal Reserve System), orders, writs, injunctions and orders and (e) has
all requisite governmental licenses, authorizations, consents and approvals to operate its business as currently conducted, except, with
respect to the foregoing clauses (c), (d) and (e), as would not, individually or in the aggregate, be reasonably likely to have a Material
Adverse Effect.

 

 Section
5.02. Authorization; No Contravention. The execution, delivery and performance by each Loan Party of each Loan Document to which
such Person is a party, and the consummation of the Transaction, (a) are within such Loan Party’s corporate or other powers, (b)
have been duly authorized by all necessary corporate or other organizational action, and (c) do not and will not (i) contravene the terms
of any of such Person’s Organization Documents, (ii) except as set forth on Schedule 5.02, conflict with or result in any breach
or contravention of, or the creation of any Lien under (other than as permitted by Section 7.01), or require any payment to be made under
(x) any material Contractual Obligation to which such Person is a party or affecting such Person or the properties of such Person or
any of its Subsidiaries, (y) any material order, injunction, writ or decree of any Governmental Authority or any arbitral award to which
such Person or its property is subject or (z) any Material Agreement, or (iii) violate any material applicable Law.

 

    	-52-

    	 

    

 

 Section
5.03. Governmental Authorization; Other Consents. No approval, consent, exemption, authorization, or other action by, or notice
to, or filing with, any Governmental Authority or any other Person is necessary or required in connection with (a) the execution, delivery
or performance by, or enforcement against, any Loan Party of this Agreement or any other Loan Document, or for the consummation of the
Transaction, (b) the grant by any Loan Party of the Liens granted by it pursuant to the Collateral Documents, (c) the perfection or maintenance
of the Liens created under the Collateral Documents (including the priority thereof) or (d) the exercise by the Collateral Agent, the
Administrative Agent or any Lender of its rights under the Loan Documents or the remedies in respect of the Collateral pursuant to the
Collateral Documents, except for (i) filings necessary to perfect the Liens on the Collateral granted by the Loan Parties in favor of
the Secured Parties, (ii) the approvals, consents, exemptions, authorizations, actions, notices and filings which are set forth on Schedule
5.03 or have been duly obtained, taken, given or made and are in full force and effect and (iii) such approvals, consents, exemptions,
authorizations, actions, notices and filings the failure to obtain or make would not, individually or in the aggregate, be reasonably
likely to have a Material Adverse Effect. All applicable waiting periods in connection with the Transaction have expired without any
action having been taken by any competent authority restraining, preventing or imposing materially adverse conditions upon the Transaction
or the rights of the Loan Parties or their Subsidiaries freely to transfer or otherwise dispose of, or to create any Lien on, any properties
now owned or hereafter acquired by any of them.

 

 Section
5.04. Binding Effect. This Agreement and each other Loan Document has been duly executed and delivered by each Loan Party that
is party thereto. This Agreement and each other Loan Document constitutes a legal, valid and binding obligation of such Loan Party, enforceable
against each Loan Party that is party thereto in accordance with its terms, except as such enforceability may be limited by Debtor Relief
Laws and by general principles of equity and principles of good faith and fair dealing.

 

 Section
5.05. No Material Adverse Effect. Since December 31, 2019, there has been no event or circumstance, either individually or in
the aggregate, that has had or would reasonably be expected to have a Material Adverse Effect.

 

 Section
5.06. Litigation. There is no action, suit, investigation, litigation or proceeding affecting any Loan Party or its Subsidiaries,
including any Environmental Action, pending or threatened before any Governmental Authority or arbitrator that (i) would be reasonably
likely to have a Material Adverse Effect or (ii) purports to affect the legality, validity or enforceability of any Loan Document or
the consummation of the Transaction.

 

 Section
5.07. Ownership of Property; Liens. (a) Each Loan Party and its Subsidiaries is the legal and beneficial owner of the Collateral
pledged by it free and clear of any Lien, except for Permitted Liens.

 

 (b) Each
Loan Party and each of its Subsidiaries has good and marketable title in fee simple to, or valid leasehold interests in, or easements
or other limited property interests in, all real property used in the ordinary conduct of its business, free and clear of all Liens except
for defects in title that do not materially interfere with its ability to conduct its business or to utilize such assets for their intended
purposes and Permitted Liens and except where the failure to have such title or other interest would not reasonably be expected to have
a Material Adverse Effect. Set forth on Schedule 5.07(b) hereto is a complete and accurate list of all real property owned by any Loan
Party or any of its Subsidiaries, showing, as of the date hereof, the street address, state and any other relevant jurisdiction, record
owner and fair market value. Set forth on Schedule 5.07(b) hereto is a complete and accurate list of all leases of real property under
which any Loan Party or any Subsidiary is the tenant, showing as of the date hereof the street address, state and any other relevant
jurisdiction, parties thereto, sublessee (if any), expiration date and annual base rental cost thereof.

 

    	-53-

    	 

    

 

 (c) Except
for the properties set forth on Schedule 5.07(b), as of the Effective Date, no Loan Party or any of its Subsidiaries owns or leases any
Material Real Property.

 

 Section
5.08. Perfection of Security Interests. Upon the making of the filings and taking of the other actions set forth on Schedule 5.08,
all filings and other actions necessary to perfect the security interest in the Collateral created under the Collateral Documents have
been duly made or taken and are in full force and effect, and the Collateral Documents create in favor of the Collateral Agent for the
benefit of the Secured Parties a valid and, together with such filings and other actions, perfected security interest in the Collateral,
securing the payment of the Secured Obligations, and having priority over all other Liens on the Collateral except in the case of (a)
non-consensual Liens permitted under Section 7.01, to the extent any such Liens would have priority over the Liens in favor of the Collateral
Agent pursuant to any applicable Law and (b) Liens not required to be perfected by control or possession pursuant to the Collateral and
Guaranty Requirement to the extent that all filings and other actions necessary or desirable to perfect such security interest have been
duly taken.

 

 Section
5.09. Reserved.

 

 Section
5.10. Taxes. (a) Each of the Loan Parties has timely filed all income and all other material tax returns and reports required
to be filed, and has timely paid all Taxes (whether or not shown on such tax returns or reports) and all other amounts of federal, provincial,
state, municipal, foreign and other taxes, assessments, fees and other governmental charges levied or imposed upon them or their properties,
income or assets otherwise due and payable, except those which are set forth on Schedule 5.10 or are being contested in good faith by
appropriate proceedings and for which adequate reserves have been provided in accordance with GAAP.

 

 (b) Except
as set forth on Schedule 5.10 or as would not, individually or in the aggregate, be reasonably likely to result in liability to any Loan
Party in excess of the Threshold Amount, (i) there are no claims being asserted in writing with respect to any amounts of taxes, (ii)
there are no presently effective waivers or extensions of statutes in writing with respect to any amounts of taxes, and (iii) no tax
returns are being examined by, and no written notification of intention to examine has been received from, the Internal Revenue Service
or any other taxing authority, in each case, with respect to the Loan Parties.

 

 (c) No
Loan Party is party to any tax sharing agreement other than with an Affiliate included in a consolidated or combined tax return, provided
that any such tax sharing agreement shall be subject to the restrictions in Section 7.08.

 

    	-54-

    	 

    

 

 Section
5.11. Compliance with ERISA. (a) Each Plan is in compliance with the applicable provisions of ERISA, the Code and other federal
or state Laws, except as is not, either individually or in the aggregate, reasonably likely to have a Material Adverse Effect.

 

 (b) (i)
No ERISA Event has occurred or is reasonably expected to occur; (ii) none of the Loan Parties or any of their Subsidiaries has incurred,
or reasonably expects to incur, any liability (and no event has occurred which, with the giving of notice under Section 4219 of ERISA,
would result in such liability) under Section 4201 et seq. or 4243 of ERISA with respect to a Multiemployer Plan; and (iii) none of the
Loan Parties has engaged in a transaction that would be subject to Section 4069 or 4212(c) of ERISA, except, in each case, which would
not be reasonably likely to result in liability to any Loan Party in excess of the Threshold Amount.

 

 Section
5.12. Labor Matters. There are no strikes pending or threatened against the Loan Parties that, individually or in the aggregate,
would reasonably be expected to have a Material Adverse Effect. Except as would not, individually or in the aggregate, be reasonably
likely to result in liability to any Loan Party in excess of the Threshold Amount, the (i) hours worked and payments made to employees
of the Loan Parties have not been in violation in any material respect of the Fair Labor Standards Act or any other applicable Law dealing
with such matters and (ii) all material payments due from the Loan Parties or for which any claim may be made against the Loan Parties,
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 the Loan Parties to the extent required by GAAP. The consummation of the Transaction will not give rise to a right of termination
or right of renegotiation on the part of any union under any collective bargaining agreement to which any Loan Party (or any predecessor)
is bound, other than collective bargaining agreements that, individually or in the aggregate, are not material to the Loan Parties.

 

 Section
5.13. Insurance. The assets and properties of the Loan Parties and their Subsidiaries are insured in the manner contemplated by
Section 6.07.

 

 Section
5.14. Subsidiaries; Equity Interests. As of the date hereof and the date of delivery of any supplemental Schedules pursuant to
Section 6.02(c) and Section 6.11, none of the Loan Parties have any Subsidiaries other than those specifically disclosed in Schedule
5.14, and all of the outstanding Equity Interests in each such Person and each such Subsidiary have been validly issued, are fully paid
and non-assessable. As of the date hereof and the date of delivery of any supplemental Schedules pursuant to Section 6.02(c) and Section
6.11, Schedule 5.14 (a) sets forth the name and jurisdiction of organization of each Subsidiary of each of the Loan Parties, (b) sets
forth the ownership interest of each Loan Party and each of its Subsidiaries in each of their respective Subsidiaries, including the
percentage of such ownership and (c) identifies each Person the Equity Interests of which are required to be pledged pursuant to the
Collateral and Guaranty Requirement and Section 6.11.

 

 Section
5.15. Margin Regulations; Investment Company Act; PATRIOT Act. (a) None of the Loan Parties or any of their Subsidiaries is engaged
nor will engage, principally or as one of its important activities, in the business of purchasing or carrying margin stock (within the
meaning of Regulation U issued by the FRB), or extending credit for the purpose of purchasing or carrying margin stock, and no proceeds
of any Borrowing will be used for any purpose that violates Regulation U issued by the FRB.

 

    	-55-

    	 

    

 

 (b) None
of the Loan Parties or any of their Subsidiaries or any Person controlling such Loan Party or any of its Subsidiaries is required to
be registered as an “investment company” under the Investment Company Act of 1940, as amended.

 

 (c) None
of the Loan Parties or any of their Subsidiaries is in material violation of any applicable laws relating to money laundering, including
the PATRIOT Act, or terrorism, including Executive Order No. 13224 on Terrorist Financing, effective September 23, 2001, and the Trading
with the Enemy Act, as amended, or any of the foreign assets control regulations of the United States Treasury Department (31 C.F.R.
Subtitle B, Chapter V, as amended), or any enabling legislation or executive order relating thereto. None of the Loan Parties or any
of their Subsidiaries has used or shall use the proceeds of the Loans in violation of any of the foregoing statutes.

 

 (d) No
Loan Party (i) is a person whose property or interest in property is blocked or subject to blocking pursuant to Section 1 of Executive
Order 13224 of September 23, 2001 Blocking Property and Prohibiting Transactions With Persons Who Commit, Threaten to Commit, or Support
Terrorism (66 Fed. Reg. 49079 (2001)), (ii) engages in any dealings or transactions prohibited by Section 2 of such executive order,
or is otherwise associated with any such person in any manner that violates Section 2 of such executive order, or (iii) is a person on
the list of “Specially Designated Nationals and Blocked Persons” or subject to blocking or specific trade restrictions under
any other U.S. Department of Treasury’s Office of Foreign Assets Control regulation or implementing executive order.

 

 Section
5.16. Disclosure. No report, financial statement, certificate or other written information furnished by or on behalf of the Loan
Parties to the Administrative Agent or any Lender in connection with the transactions contemplated hereby and the negotiation of this
Agreement or delivered hereunder or any other Loan Document (as modified or supplemented by other information so furnished) when taken
as a whole contains when furnished any material misstatement of fact or omits to state any material fact necessary to make the statements
therein, in the light of the circumstances under which they were made, not materially misleading; provided that with respect to
projections and other forward-looking information, Borrower represents only that such information was prepared in good faith based upon
assumptions believed to be reasonable at the time of preparation; it being understood that such projections may vary from actual results
and that such variances may be material. There are no facts known (or which should upon the reasonable exercise of diligence be known)
to Borrower (other than matters of a general economic nature) that, individually or in the aggregate, could reasonably be expected to
result in a Material Adverse Effect and that have not been disclosed herein or in such other documents, certificates and statements furnished
to Lenders for use in connection with the transactions contemplated hereby.

 

    	-56-

    	 

    

 

 Section
5.17. Intellectual Property. As of the date hereof and the date of delivery of any supplemental Schedules pursuant to Section
6.02(c) and Section 6.11, set forth on Schedule 5.17 is a complete and accurate list of all Registered patents, trademarks, service marks,
domain names and copyrights, owned by the Loan Parties as of such date, showing as of such date the jurisdiction in which each such item
of Registered Intellectual Property is registered or in which an application is pending and the registration or application number. Each
Loan Party owns or has the right to use, all of the trademarks, service marks, trade names, domain names, copyrights, patents, know-how,
technology and other intellectual property recognized under applicable Law (collectively, “Intellectual Property”)
that are material to the operation of their respective businesses as currently conducted and, to the knowledge of the Loan Parties, the
use of such Intellectual Property by such Person or the operation of their respective businesses is not infringing upon any Intellectual
Property rights held by any other Person except as would not, individually or in the aggregate, be reasonably likely to have a Material
Adverse Effect.

 

 Section
5.18. Solvency. After giving effect to the Transaction and the other transactions contemplated hereby, the Loan Parties are, on
a consolidated basis, Solvent.

 

 Section
5.19. Material Agreements. Schedule 5.19 contains a true, correct and complete list of all the Material Agreements in effect on
the Effective Date, which, together with any updates provided pursuant to Section 6.03(l), are in full force and effect and, to Borrower’s
knowledge, no defaults currently exist thereunder (other than as described in Schedule 5.19 or in such updates).

 

Article
VI

 

Affirmative
Covenants

 

So
long as any Lender shall have any Commitment hereunder, or any Loan or other Obligation hereunder which is accrued and payable shall
remain unpaid or unsatisfied, each Loan Party shall and shall cause each Subsidiary to:

 

 Section
6.01. Financial Statements. Deliver to the Administrative Agent for prompt further distribution to each Lender:

 

 (a) Monthly
Financial Statements. As soon as available, and in any event within thirty (30) days after the end of each Fiscal Month of each Fiscal
Year (including the Fiscal Month ending December 31, 2021, and beginning with the Fiscal Month ending May 31, 2021), the consolidated
and consolidating balance sheets of Parent and its Subsidiaries as at the end of such Fiscal Month and the related consolidated (and
with respect to statements of income, consolidating) statements of income, Shareholders’ Equity and cash flows of Parent and its
Subsidiaries for such Fiscal Month, a statement of profits and losses organized by business unit for such Fiscal Month, and for the period
from the beginning of the then current Fiscal Year to the end of such Fiscal Month and a Narrative Report with respect thereto and any
other operating reports prepared by management for such period;

 

    	-57-

    	 

    

 

 (b) Quarterly
Financial Statements. As soon as available, and in any event within forty-five (45) days after the end of each Fiscal Quarter of
each Fiscal Year (including the fourth Fiscal Quarter) (other than in respect of the Fiscal Quarters ending September 30, 2021, in which
case, sixty (60) days), the consolidated and consolidating balance sheets of Parent and its Subsidiaries as at the end of such Fiscal
Quarter and the related consolidated (and with respect to statements of income, consolidating) statements of income, Shareholders’
Equity and cash flows of Parent and its Subsidiaries for such Fiscal Quarter and for the period from the beginning of the then current
Fiscal Year to the end of such Fiscal Quarter and a Narrative Report with respect thereto and any other operating reports prepared by
management for such period; provided that, Parent’s filing of a Quarterly Report on Form 10-Q with the SEC shall be deemed
to satisfy the requirements of this Section 6.01(b) on the date on which such report is first available via the SEC’s EDGAR system
or a successor system related thereto; and

 

 (c) Annual
Financial Statements. As soon as available, and in any event within one hundred twenty (120) days after the end of each Fiscal Year
(other than in respect of the Fiscal Year ending December 31, 2020, in which case no later than September 30, 2021), (i) the consolidated
and consolidating balance sheets of Parent and its Subsidiaries as at the end of such Fiscal Year and the related consolidated (and with
respect to statements of income, consolidating) statements of income, Shareholders’ Equity and cash flows of Parent and its Subsidiaries
for such Fiscal Year and a Narrative Report with respect thereto and any other operating reports prepared by management for such period;
and (ii) with respect to such consolidated financial statements a report thereon of an independent certified public accountants of recognized
national standing selected by Parent, and reasonably satisfactory to Administrative Agent, and shall state that such consolidated financial
statements fairly present, in all material respects, the consolidated financial position of Parent and its Subsidiaries as at the dates
indicated and the results of their operations and their cash flows for the periods indicated in conformity with GAAP applied on a basis
consistent with prior years (except as otherwise disclosed in such financial statements) and that the examination by such accountants
in connection with such consolidated financial statements has been made in accordance with generally accepted auditing standards) together
with a written statement by such independent certified public accountants stating (1) that their audit examination has included a review
of the terms of the Loan Documents and (2) whether, in connection therewith, any condition or event that constitutes a Default or an
Event of Default has come to their attention and, if such a condition or event has come to their attention, specifying the nature and
period of existence thereof (such report shall also include (x) a detailed summary of any audit adjustments; (y) a reconciliation of
any audit adjustments or reclassifications to the previously provided monthly or quarterly financials; and (z) restated monthly or quarterly
financials for any impacted periods); provided that, Parent’s filing of a Yearly Report on Form 10-K with the SEC shall
be deemed to satisfy the requirements of this Section 6.01(c) on the date on which such report is first available via the SEC’s
EDGAR system or a successor system related thereto.

 

 Section
6.02. Certificates; Reports; Other Information. Promptly deliver to the Administrative Agent for further distribution to each
Lender:

 

 (a) promptly
after the same are publicly available, press releases and other statements made available generally by any Loan Party to the public concerning
material developments in the business of the Loan Parties;

 

    	-58-

    	 

    

 

 (b) promptly
after the receipt or furnishing thereof, copies of any material requests or material notices received by any Loan Party or any of its
Subsidiaries (other  than in the ordinary course of business) in respect of any instrument, indenture, loan or credit or similar agreement
relating to Indebtedness in excess of the Threshold Amount;

 

 (c) together
with the delivery of the financial statements required pursuant to Section 6.01(b), (i) a description of each event, condition or circumstance
during the last Fiscal Quarter requiring a prepayment under Section 2.03(b), (ii) a list of Subsidiaries as of the date of delivery of
such financial statements or a confirmation that there is no change in such information since the later of the Effective Date or the
date of the last such list and (iii) a report supplementing Schedules 5.07(b) and 5.17 and Schedules I and IV of the Security Agreement;
and

 

 (d) promptly,
such additional information regarding the business, legal, financial or corporate affairs of any Loan Party or any Subsidiary, or compliance
with the terms of the Loan Documents, as the Administrative Agent or any Lender through the Administrative Agent may from time to time
reasonably request.

 

Documents
required to be delivered pursuant to Section 6.01 or Section 6.02 shall be delivered electronically to the Administrative Agent for further
distribution to each Lender; provided that upon written request by the Administrative Agent, Borrower shall deliver paper copies
of such documents to the Administrative Agent for further distribution to each Lender until a written request to cease delivering paper
copies is given by the Administrative Agent. Each Lender shall be solely responsible for timely accessing electronically provided documents
or requesting delivery of paper copies of such documents from the Administrative Agent and maintaining its copies of such documents.
Notwithstanding the foregoing, Parent’s filing of notice of any event described in Section 6.02 with the SEC shall be deemed to
satisfy the requirements of this Section 6.02 on the date on which such report is first available via the SEC’s EDGAR system or
a successor system related thereto.

 

 Section
6.03. Notice Requirements; Other Information. (i) Promptly after a Responsible Officer obtains knowledge thereof, notify the Administrative
Agent of each of the following events or circumstances, and, (ii) as soon as available, provide to the Administrative Agent, for prompt
further distribution to each Lender, the following information and documents:

 

 (a) the
occurrence of any Default, which notice shall specify the nature thereof, the period of existence thereof and what action Borrower has
taken or proposes to take with respect thereto;

 

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

 

 (c) the
commencement of, or any material development in, any litigation or governmental proceeding (including without limitation pursuant to
any applicable Environmental Law) pending against any Loan Party that would reasonably be expected to be determined adversely and, if
so determined, to result in a Material Adverse Effect;

 

    	-59-

    	 

    

 

 (d) the
occurrence of any ERISA Event above the Threshold Amount or the breach of any representation in Section 5.12;

 

 (e) the
occurrence of any event triggering a Collateral and Guaranty Requirement under Section 6.11;

 

 (f) any
information with respect to environmental matters as required by Section 6.04(b);

 

 (g) copies
of all notices, requests and other documents received by any Loan Party or any of its Subsidiaries under or pursuant to any instrument,
indenture, loan or credit or similar agreement relating to Indebtedness in excess of the Threshold Amount regarding or related to any
breach or default by any party thereto or any other event that could materially impair the value of the interests or the rights of any
Loan Party or otherwise have a Material Adverse Effect and copies of any amendment, modification or waiver of any provision of any such
instrument, indenture, loan or credit or similar agreement relating to any Indebtedness in excess of the Threshold Amount and, from time
to time upon request by the Administrative Agent, such information and reports regarding such instruments, indentures and loan and credit
and similar agreements relating to any Indebtedness in excess of the Threshold Amount as the Administrative Agent may reasonably request;

 

 (h) a
tax event or liability not previously disclosed in writing by Borrower to the Administrative Agent which would reasonably be expected
to result in a breach of Section 5.10, together with any other information as may be reasonably requested by the Administrative Agent
to enable the Administrative Agent to evaluate such matters;

 

 (i) any
change (i) in any Loan Party’s corporate name, (ii) any Loan Party’s identity and corporate structure, (iii) any Loan Party’s
taxpayer identification number or (iv) any Loan Party’s location. Borrower agrees that it will not, and will not permit Parent
or any of its Subsidiaries to, permit or make any change referred to in this Section 6.03(j) unless it has notified the Collateral Agent
in writing, by executing and delivering to the Collateral Agent a completed Security Agreement Supplement, Securities Pledge Agreement
Supplement and/or other security agreements requested by Collateral Agent in writing at least twenty (20) days prior to any such change
or establishment, identifying such new proposed corporate name, identity, corporate structure, tax identification number or location
of business and providing such other information in connection therewith as the Collateral Agent may reasonably request;

 

 (j) immediately
upon the discovery of any inaccuracy, miscalculation or misstatement contained in any certificate provided for any period that affects
any financial or other calculations, representations or warranties or other statements impacting any provision of this Agreement and
any other Loan Document in any material respect, notice of such inaccuracy, miscalculation or misstatement together with an updated certificate
including the corrected information, calculation or statement, as applicable; and

 

    	-60-

    	 

    

 

 (k) each
year, at the time of delivery of annual financial statements with respect to the preceding Fiscal Year pursuant to Section 6.01(c), Borrower
shall deliver to Collateral Agent an officer’s certificate either (i) confirming that there has been no change in such information
since the date of the Collateral Questionnaire delivered on the Effective Date or the date of the most recent certificate delivered pursuant
to this Section and/or identifying such changes, or (ii) certifying that all UCC financing statements (including fixtures filings, as
applicable) or other appropriate filings, recordings or registrations, have been filed of record in each governmental, municipal or other
appropriate office in each jurisdiction identified in the Collateral Questionnaire or pursuant to clause (i) above to the extent necessary
to protect and perfect the security interests under the Collateral Documents for a period of not less than eighteen (18) months after
the date of such certificate (except as noted therein with respect to any continuation statements to be filed within such period).

 

Notwithstanding
the foregoing, Parent’s filing of notice of any event described in Section 6.03 with the SEC shall be deemed to satisfy the requirements
of this Section 6.03 on the date on which such report is first available via the SEC’s EDGAR system or a successor system related
thereto.

 

 Section
6.04. Environmental Matters. (a) To the extent the failure to do so would be reasonably likely, individually or in the aggregate,
to result in liability to any Loan Party in excess of the Threshold Amount, (i) comply and cause each of its Subsidiaries and take all
commercially reasonable efforts to cause all lessees and other Persons operating or occupying any Material Real Property to comply with
all applicable Environmental Laws and Environmental Permits; (ii) obtain and renew, and cause each of its Subsidiaries to obtain, maintain
and timely renew, all Environmental Permits required under Environmental Laws for its operations and properties; and (iii) conduct, and
cause each of its Subsidiaries to conduct, any investigation, study, sampling and testing, and undertake any cleanup, removal, remedial
or other action required to remove and clean up all Releases or threatened Releases of Hazardous Materials from any of its properties,
as required under, and in accordance with the requirements of all Environmental Laws; provided, however, that none of the Loan
Parties shall be required to undertake any such cleanup, removal, remedial or other action to the extent that its obligation to do so
is being contested in good faith and by proper proceedings and, to the extent required by GAAP, appropriate reserves are being maintained
with respect to such circumstances.

 

 (b) Environmental
Reporting Requirements. Promptly, and in any event within ten (10) Business Days, after a Responsible Officer obtains knowledge thereof,
notify the Administrative Agent of or, deliver to the Administrative Agent, for further distribution to each Lender copies of any and
all material, non-privileged written communications and material, non-privileged documents concerning:

 

 (i) any
Environmental Action against or of any non-compliance by any Loan Party or any of its Subsidiaries with any Environmental Law or Environmental
Permit that would (1) reasonably be expected to result in a liability to any Loan Party in excess of the Threshold Amount or (2) cause
any Mortgaged Properties to be subject to any restrictions on ownership, occupancy, use or transferability under any Environmental Law;

 

    	-61-

    	 

    

 

 (ii) to
the extent any of the following is reasonably expected to result in a liability to any Loan Party in excess of the Threshold Amount:
(1) any occurrence of any release or threatened release of Hazardous Materials required to be reported to any Governmental Authority
under applicable Environmental Law, (2) any remedial actions taken by any Loan Party or its Subsidiaries in respect of any such release
or threatened release that would reasonably be expected to result in an Environmental Action or (3) the Loan Parties’ discovery
of any occurrence of or condition on any real property adjoining or in the vicinity of any site or facility that would be reasonably
expected to cause such site or facility or any part thereof to be subject to any restrictions on the ownership, occupancy, transferability
or use thereof under any Environmental Laws;

 

 (iii) to
the extent reasonably expected to result in a liability to any Loan Party in excess of the Threshold Amount, any action proposed to be
taken by any Loan Party to modify current operations in a manner that would reasonably be expected to subject the Loan Parties to any
material additional obligations or requirements under Environmental Laws;

 

 (iv) the
good faith belief that a release of Hazardous Materials, or a violation of Environmental Law reasonably likely to result in a fine or
penalty in excess of the Threshold Amount, has occurred on or after the Effective Date, and within sixty (60) days after such request
and at the expense of Borrower, any additional environmental site assessment reports for any of its or its Subsidiaries’ properties
described in such request prepared by an environmental consulting firm acceptable to the Administrative Agent, indicating the presence
or absence of such Hazardous Materials and the estimated cost of any compliance, removal or remedial action in connection with any such
Hazardous Materials on such properties; without limiting the generality of the foregoing, if the Administrative Agent reasonably determines
at any time that a material risk exists that any such report will not be provided within the time referred to above, the Administrative
Agent may, with prior written notice to Borrower, retain an environmental consulting firm to prepare such report at the expense of Borrower,
and Borrower hereby grants and agrees to cause any Subsidiary that owns any property described in such request to grants at the time
of such request to the Administrative Agent, the Lenders, such firm and any agents or representatives thereof, the right, subject to
the rights of tenants, to enter onto their respective properties to undertake such an assessment; and

 

 (v) any
such other documents and information related to the matters referenced in the foregoing clauses (i) through (iv) as the Administrative
Agent may reasonably request from time to time.

 

 Section
6.05. Maintenance of Existence. (a) Preserve, renew and maintain in full force and effect its legal existence, structure and name
under the Laws of the jurisdiction of its organization and (b) take all commercially reasonable action to maintain all rights, privileges
(including its good standing), permits, licenses and franchises necessary or desirable in the normal conduct of its business, except
pursuant to a transaction permitted by Section 7.04 and Section 7.05.

 

    	-62-

    	 

    

 

 Section
6.06. Maintenance of Properties. To the extent the failure to do so would be reasonably likely to have a Material Adverse Effect,
maintain, preserve and protect all of its material properties and equipment that are used or useful in the operation of its business
in good working order, repair and condition, ordinary wear and tear excepted and casualty or condemnation excepted, and make all commercially
reasonable and appropriate repairs, renewals, replacements, modifications, improvements, upgrades, extensions and additions thereof.

 

 Section
6.07. Maintenance of Insurance. Maintain or cause to be maintained, with insurers rated a minimum of A- VII by AM Best, (i) business
interruption insurance (including, without limitation, cyber security breach and cyber systems failure coverage), (ii) management and
employment practices liability with coverage not less than $4,000,000 per event of occurrence, and (iii) casualty insurance, such public
liability insurance, third party property damage insurance with respect to liabilities, losses or damage in respect of the assets, properties
and businesses of Borrower and its Subsidiaries as may customarily be carried or maintained under similar circumstances by Persons of
established reputation engaged in similar businesses, in each case in such amounts (giving effect to self insurance), with such deductibles,
covering such risks and otherwise on such terms and conditions as may be reasonably acceptable to the Administrative Agent. Each such
policy of insurance shall (i) name Collateral Agent, on behalf of Lenders as an additional insured thereunder as its interests may appear,
and (ii) in the case of each casualty insurance policy, contain a standard loss payable clause or endorsement that names Collateral Agent,
on behalf of Secured Parties, as the loss payee thereunder and provides for at least thirty (30) days’ prior written notice to
Collateral Agent of any cancellation of such policy.

 

 Section
6.08. Compliance with Laws. Comply with the requirements of all Laws and all orders, writs, injunctions, decrees and judgments
applicable to it or to its business or property, except where such non-compliance is not, either individually or in the aggregate, reasonably
likely to have a Material Adverse Effect.

 

 Section
6.09. Books and Records. Maintain proper books of record and account, in which entries that are full, true and correct in all
material respects and as are sufficient to permit the preparation of financial statements in conformity with GAAP consistently applied
shall be made of all material financial transactions and matters involving the assets and business of the Loan Parties, as the case may
be.

 

 Section
6.10. Inspection Rights/Lender Meetings. (a) Permit representatives of the Administrative Agent to visit and inspect any properties
of the Loan Parties and to discuss its affairs, finances and accounts with its directors, officers, and independent public accountants,
all at the reasonable expense of Borrower and at such reasonable times during normal business hours and as often as may be reasonably
desired, upon reasonable advance notice to Borrower.

 

 (b) Borrower
will schedule telephonic or in-person conferences among the Administrative Agent, the Lenders and the chief financial officer or head
of finance and chief executive officer of Borrower to be held at such location as may be agreed to by Borrower and Administrative Agent
at such time as may be agreed to by Borrower and Administrative Agent.

 

    	-63-

    	 

    

 

 Section
6.11. Covenant to Guaranty Obligations and Give Security. Upon (x) the formation or acquisition of any new direct or indirect
Subsidiary by any Loan Party or (y) the acquisition of any property by any Loan Party, and such property, in the sole judgment of the
Collateral Agent, shall not already be subject to a perfected first priority security interest in favor of the Collateral Agent for the
benefit of the Secured Parties, then each Loan Party shall, in each case at such Loan Party’s expense:

 

 (a) in
connection with the formation or acquisition of a Subsidiary, within thirty (30) days after such formation or acquisition (or such longer
period as the Collateral Agent may agree in its sole discretion), cause each such Subsidiary that is required to be a Guarantor pursuant
to the Collateral and Guaranty Requirement, to duly execute and deliver to the Collateral Agent a guaranty or guaranty supplement, in
form and substance reasonably satisfactory to the Collateral Agent, guaranteeing the other Loan Parties’ Obligations under the
Loan Documents,

 

 (b) within
thirty (30) days after (or such longer period as the Collateral Agent may agree in its sole discretion) such formation or acquisition,
furnish to the Collateral Agent a description of the Material Real Properties and material personal properties of such Subsidiary that
is required to become a Guarantor under the Collateral and Guaranty Requirement or the Material Real Property and personal properties
so acquired, in each case in detail reasonably satisfactory to the Collateral Agent,

 

 (c) within
thirty (30) days after (or such longer period as the Collateral Agent may agree in its sole discretion) (i) the acquisition of property
by any Loan Party, duly execute and deliver, and cause each Loan Party to duly execute and deliver, to the Collateral Agent such additional
pledges, assignments, Security Agreement Supplements, Securities Pledge Agreement Supplements, Intellectual Property Security Agreement
Supplements and other security agreements (which, to the extent applicable and if relating to the type of Collateral the granting of
a security interest in which can be effected through the execution of a joinder agreement or supplement to the Securities Pledge Agreement
(a “Securities Pledge Agreement Supplement”), a joinder agreement or supplement to the Security Agreement (a “Security
Agreement Supplement”) or a joinder agreement or supplement to the Intellectual Property Security Agreement (an “Intellectual
Property Security Agreement Supplement”) shall be effected in such manner), as reasonably specified by, and in form and substance
reasonably satisfactory to the Collateral Agent, in each case securing payment of all the Obligations of such Loan Party under the Loan
Documents and granting Liens on all such properties and (ii) such formation or acquisition of any new Subsidiary that is required to
become a Guarantor under the Collateral and Guaranty Requirement, duly execute and deliver and cause such Subsidiary that is required
to become a Guarantor under the Collateral and Guaranty Requirement and each Loan Party acquiring Equity Interests in such Subsidiary
to duly execute and deliver to the Collateral Agent pledges, assignments, Security Agreement Supplements, Intellectual Property Security
Agreement Supplements and other security agreements (which, to the extent applicable and if relating to the type of Collateral the granting
of a security interest in which can be effected through the execution of a Security Agreement Supplement or Intellectual Security Agreement
Supplement shall be effected in such manner) as reasonably specified by, and in form and substance reasonably satisfactory to, the Collateral
Agent, in each case securing payment of all of the Obligations of such Subsidiary or Loan Party, respectively, under the Loan Documents
and granting Liens on all properties of such new Subsidiary,

 

    	-64-

    	 

    

 

 (d) within
thirty (30) days (or such longer period as the Collateral Agent may agree in its sole discretion) after such formation or acquisition,
take, and cause each Loan Party and each newly acquired or newly formed Subsidiary that is required to become a Guarantor under the Collateral
and Guaranty Requirement to take or cause to be taken, whatever action (including, without limitation, the filing of Uniform Commercial
Code financing statements, the giving of notices and the endorsement of notices on title documents) may reasonably be necessary or advisable
in the reasonable opinion of the Collateral Agent to vest in the Collateral Agent (or in any representative of the Collateral Agent designated
by it) valid, perfected (subject to the Collateral and Guaranty Requirement) Liens on the properties purported to be subject to the pledges,
assignments, Security Agreement Supplements, Intellectual Property Security Agreement Supplements and security agreements delivered pursuant
to this Section 6.11, enforceable against all third parties in accordance with their terms,

 

 (e) within
thirty (30) days (or such longer period as the Collateral Agent may agree in its sole discretion) after such formation or acquisition,
deliver to the Collateral Agent, upon the request of the Collateral Agent in its sole discretion, a signed copy of a favorable opinion
in customary form, addressed to the Collateral Agent and the other Secured Parties, of counsel for the Loan Parties reasonably acceptable
to the Collateral Agent addressing such matters as the Collateral Agent may reasonably request,

 

 (f) at
any time and from time to time, promptly execute and deliver, and cause each Loan Party and each newly acquired or newly formed Subsidiary
that is required to become a Guarantor under the Collateral and Guaranty Requirement to execute and deliver, any and all further instruments
and documents and take, and cause each Loan Party and each newly acquired or newly formed Subsidiary that is required to become a Guarantor
under the Collateral and Guaranty Requirement to take, all such other action as the Collateral Agent may reasonably deem necessary or
desirable to satisfy the Collateral and Guaranty Requirement in obtaining the full benefits of, or in perfecting and preserving the Liens
granted pursuant to (as applicable), such guaranties, Mortgages, pledges, assignments, Security Agreement Supplements, Intellectual Property
Security Agreement supplements and security agreements, and

 

 (g) after
the Effective Date, promptly within ninety (90) days after (x) the acquisition of any Material Real Property by any Loan Party or (y)
the formation or acquisition of any new direct or indirect Subsidiary that owns any Material Real Property, in each case if such Material
Real Property shall not already be subject to a perfected Lien pursuant to the Collateral and Guaranty Requirement, Borrower to give
notice thereof to the Collateral Agent and as soon as practicable thereafter, to the extent commercially feasible, cause such Material
Real Property to be subjected to a Lien to the extent required by the Collateral and Guaranty Requirement, and otherwise satisfy the
Collateral and Guaranty Requirement with respect to such Material Real Property, and take, or cause the relevant Loan Party to take,
such actions as shall be reasonably necessary or reasonably requested by the Administrative Agent or the Collateral Agent to grant and
perfect or record such Lien.

 

    	-65-

    	 

    

 

 Section
6.12. Use of Proceeds. The proceeds of (i) the Initial Loans shall be used in connection with the Transaction and (ii) the 2021
Loans and First Out Loans shall be used solely for working capital purposes.

 

 Section
6.13. Further Assurances. At any time or from time to time upon the request of Administrative Agent or Collateral Agent, each
Loan Party will, at its expense:

 

(a)
correct, and cause each of its Subsidiaries promptly to correct, any material defect or error that may be discovered in any Loan
Document or in the execution, acknowledgment, filing or recordation thereof;

 

(b) do,
execute, acknowledge, deliver, record, re-record, file, re-file, register and re-register any and all such further acts, deeds, conveyances,
pledge agreements, Mortgages, deeds of trust, trust deeds, assignments, financing statements and continuations thereof, termination statements,
notices of assignment, transfers, certificates, collateral access agreements, assurances and other instruments as any Agent, or any Lender
through the Administrative Agent, may reasonably require from time to time in order to (w) carry out more effectively the purposes of
the Loan Documents, (x) to the fullest extent permitted by applicable Law, subject any Loan Party’s or any of its Subsidiaries’
properties, assets, rights or interests to the Liens now or hereafter intended to be covered by any of the Collateral Documents, (y)
perfect and maintain the validity, effectiveness and priority of any of the Collateral Documents and any of the Liens intended to be
created thereunder and (z) assure, convey, grant, assign, transfer, preserve, protect and confirm more effectively unto the Secured Parties
the rights granted or now or hereafter intended to be granted to the Secured Parties under any Loan Document or under any other instrument
executed in connection with any Loan Document to which any Loan Party or any of its Subsidiaries is or is to be a party, and cause each
of its Subsidiaries to do so;

 

(c) use
commercially reasonable efforts to cause any third parties to deliver or cause to be delivered such documents and instruments necessary,
in the applicable Agent’s reasonable discretion, to create, perfect and protect the security interests of the Secured Parties in
the Collateral, subject to the express limitations of the Collateral and Guaranty Requirement; and

 

(d) use
commercially reasonable efforts to obtain the applicable consents to security interests in assets in which the granting of a security
interest is prohibited by applicable law or agreements containing anti-assignment clauses (it being understood that the Loan Parties
shall not be required to commence litigation or expend any sums of money (except reasonable expenses in obtaining such consents) to obtain
such consents).

 

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 Section
6.14. Taxes. (a) Pay and discharge, and cause each of its Subsidiaries to pay and discharge, all Taxes, assessments and governmental
charges or levies imposed upon it or upon its income or profits, or upon any properties belonging to it, in each case on a timely basis,
which, if unpaid when due and payable, may reasonably be expected to become a tax Lien upon any properties of the Loan Parties not otherwise
permitted under this Agreement; provided that no Loan Party shall be required to pay any such Tax, assessment, charge, levy or
claim which is being contested in good faith and by proper proceedings if it has maintained adequate reserves with respect thereto in
accordance with GAAP unless and until any tax Lien resulting therefrom attaches to its property and becomes enforceable against its other
creditors.

 

(b) With
respect to Parent, be classified as a corporation for United States federal income tax purposes.

 

 Section
6.15. End of Fiscal Years; Fiscal Quarters. Cause (i) its Fiscal Year to end on or about December 31 of each calendar year and
(ii) its Fiscal Quarters to end on or about March 31, June 30, September 30 and December 31 of each calendar year, in each case unless
otherwise approved by the Administrative Agent.

 

 Section
6.16. ERISA.  Deliver to the Administrative Agent:

 

 (a)
 ERISA Events and ERISA Reports (i) promptly and in any event within ten (10) days after any Loan Party knows or has reason
to know that any ERISA Event has occurred, a statement of a Responsible Officer of Borrower describing such ERISA Event and the action,
if any, that such Loan Party has taken and proposes to take with respect thereto and (ii) within ten (10) days of the date any records,
documents or other information must be furnished to the PBGC with respect to any Plan pursuant to Section 4010 of ERISA, a copy of such
records, documents and information;

 

(b) Plan
Terminations. Promptly and in any event within two (2) Business Days after receipt thereof by any Loan Party, copies of each notice
from the PBGC stating its intention to terminate any Plan or to have a trustee appointed to administer any Plan.

 

 (c) Plan
Annual Reports. Promptly and in any event within thirty (30) 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 Plan.

 

 (d) Multiemployer
Plan Notices. Promptly and in any event within five (5) Business Days after receipt thereof by any Loan Party from the sponsor of
a Multiemployer Plan, copies of each notice concerning (i) the imposition of Withdrawal Liability by any such Multiemployer Plan, (ii)
the reorganization or termination, or a determination that such Multiemployer Plan is in endangered or critical status, within the meaning
of Title IV of ERISA, of any such Multiemployer Plan or (iii) the amount of liability incurred, or that may be incurred, by such Loan
Party in connection with any event described in clause (i) or (ii).

 

    	-67-

    	 

    

 

 Section
6.17. SBA PPP Loan. Borrower shall use all of the proceeds of the SBA PPP Loan exclusively for the CARES Allowable Uses in the
manner required under the CARES Act. Borrower shall (A) maintain all records required to be submitted in connection with the forgiveness
of the SBA PPP Loan, (B) apply for forgiveness of the SBA PPP Loan in accordance with regulations implementing Section 1106 of the CARES
Act and (C) provide the Administrative Agent with a copy of its application for forgiveness and all supporting documentation required
by the SBA or the SBA PPP Loan lender in connection with the forgiveness of the SBA PPP Loan.

 

 Section
6.18. Post-Closing Obligations.  Deliver to the Administrative Agent:

 

(a) Within
sixty (60) days after the Effective Date, the Loan Parties shall deliver to the Collateral Agent a fully executed Control Agreement,
in form and substance reasonably satisfactory to the Collateral Agent, for each Deposit Account maintained.

 

(b) Within
sixty (60) days after the Effective Date, the Loan Parties shall use commercially reasonable efforts to deliver to the Collateral Agent
a fully executed landlord personal property collateral access agreement, in each case in form and substance reasonably satisfactory to
the Collateral Agent, executed by each landlord of any leasehold property and by the applicable Loan Party.

 

(c) Within
sixty (60) days after the Effective Date, the Loan Parties shall deliver to the Collateral Agent the endorsements to insurance policies
required to be maintained pursuant to Section 5.13 of this Agreement.

 

 (d) Within
fourteen (14) days after the Effective Date, Parent shall have issued to Centre Lane Partners Master Credit Fund II, L.P. 2,500,000 shares
of Parent’s common stock.

 

 (e) On
or prior to September 30, 2021, the Loan Parties shall, at the sole expense of the Loan Parties, assist the Collateral Agent and its
counsel in completing a collateral review acceptable to the Administrative Agent in its sole discretion and the Loan Parties shall agree
to make any requested changes and modifications to the Loan Documents as the Lenders may require in order to ensure the Collateral Agent
has a first priority perfected and fully enforceable Lien on all assets of the Borrower and on 100% of the Equity Interests of the Borrower.

 

 (f)
 On or prior to December 31, 2021, Parent shall have filed a Yearly Report on Form 10-K with the SEC in respect of the Fiscal Year
ending December 31, 2020, including a restatement of Parent’s financial statements for the Fiscal Year ending December 31, 2019.

 

 (g) On
or prior to February 28, 2022, Parent shall have filed Quarterly Reports on Form 10-Q with the SEC in respect of the Fiscal Quarters
ending March 31, 2021, June 30, 2021 and September 30, 2021.

 

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 (h) On
or prior to November 30, 2021, Parent shall have issued to Centre Lane Partners Master Credit Fund II, L.P. (or a designated affiliate)
(i) 7,500,000 shares of Parent’s common stock and (ii) the 3,000,000 shares of Parent’s common stock pledged to the Collateral
Agent pursuant to Second Amendment.

 

 Section
6.19. 2021 Preferred Stock Issuance. On or prior to December 31, 2021, Parent shall have completed the 2021 Preferred Stock Issuance
on terms acceptable to the Administrative Agent in its sole discretion, including, but not limited to, the Acceptable Preferred Stock
Issuance Terms.

 

Article
VII

 

Negative
Covenants

 

So
long as any Lender shall have any Commitment hereunder, or any Loan or other Obligation hereunder which is accrued and payable shall
remain unpaid or unsatisfied, no Loan Party shall, nor shall permit any of its Subsidiaries to, directly or indirectly:

 

 Section
7.01. Liens. Create, incur, assume or suffer to exist any Lien upon any of its property, assets or revenues (including accounts
receivable), whether now owned or hereafter acquired, other than the following:

 

 (a) Liens
pursuant to any Loan Document;

 

 (b) Liens
existing on the date hereof and listed on Schedule 7.01(b);

 

 (c) Liens
for taxes, assessments or governmental charges which are not overdue for a period of more than thirty (30) days or which are being contested
in good faith and by appropriate proceedings, if adequate reserves with respect thereto are maintained on the books of the applicable
Person to the extent required in accordance with GAAP;

 

 (d) statutory
or common law Liens of landlords, carriers, warehousemen, mechanics, materialmen, repairmen, suppliers, construction contractors or other
like Liens arising in the ordinary course of business which secure amounts not overdue for a period of more than thirty (30) days or
if more than thirty (30) days overdue, are unfiled (or if filed have been discharged or stayed) and no other action has been taken to
enforce such Lien or which are being contested in good faith, if adequate reserves with respect thereto are maintained on the books of
the applicable Person to the extent required in accordance with GAAP;

 

 (e) (i)
pledges or deposits in the ordinary course of business in connection with workers’ compensation, unemployment insurance and other
social security legislation, (ii) pledges and deposits in the ordinary course of business securing liability for reimbursement or indemnification
obligations of (including obligations in respect of letters of credit or bank guarantees for the benefit of) insurance carriers providing
property, casualty or liability insurance to the Loan Parties and (iii) Liens securing the financing of insurance premiums (to the extent
such Liens extend to the unearned premiums for such insurance);

 

    	-69-

    	 

    

 

 (f) deposits
to secure the performance of bids, trade contracts, governmental contracts and leases (other than Indebtedness for borrowed money), statutory
obligations, surety, stay, indemnity, customs and appeal bonds, performance bonds and other obligations of a like nature (including those
to secure health, safety and environmental obligations) incurred in the ordinary course of business;

 

 (g) easements,
rights-of-way, covenants, conditions, restrictions, encroachments, and other survey defects protrusions and other similar encumbrances
and minor title defects affecting real property which were not incurred in connection with Indebtedness and do not in any case materially
and adversely interfere with the use of the property encumbered thereby for its intended purposes;

 

 (h) Liens
securing Indebtedness permitted under Section 7.03(c); provided that (i) such Liens attach concurrently with or within one hundred
twenty (120) days after the acquisition, or the completion of the construction, repair, replacement or improvement (as applicable) of
the property subject to such Liens, (ii) such Liens do not at any time encumber any property other than the property financed by such
Indebtedness, replacements thereof and additions and accessions to such property and the proceeds and the products thereof and customary
security deposits, and (iii) with respect to Capital Leases, such Liens do not at any time extend to or cover any assets (except for
additions and accessions to such assets, replacements and products thereof and customary security deposits) other than the assets subject
to such Capital Leases;

 

 (i) [Reserved];

 

 (j) Liens
that are contractual rights of set-off (i) relating to the establishment of depository relations with banks or other financial institutions
not given in connection with the incurrence of Indebtedness, (ii) relating to pooled deposit or sweep accounts of the Loan Parties or
any Subsidiary (so long as such Subsidiary remains a Subsidiary) to permit satisfaction of overdraft or similar obligations incurred
in the ordinary course of business of the Loan Parties or such Subsidiary or (iii) relating to purchase orders and other agreements entered
into with customers of the Loan Parties in the ordinary course of business;

 

 (k) Liens
arising from precautionary Uniform Commercial Code financing statement filings regarding leases entered into by the Loan Parties in the
ordinary course of business;

 

 (l) any
zoning, land-use or similar law or right reserved to or vested in any Governmental Authority to control or regulate the use of any real
property;

 

    	-70-

    	 

    

 

 (m) any
interest or title of a licensor, sublicensor, lessor or sublessor with respect to any assets under any license or lease agreement entered
into in the ordinary course of business which do not (i) interfere in any material respect with the business of Parent or its Subsidiaries
or materially detract from the value of the relevant assets of the Loan Parties or their Subsidiaries or (ii) secure any Indebtedness;
and

 

 (n) the
modification, replacement, renewal or extension of any Lien permitted by clause (b) of this Section 7.01; provided that (i) the
Lien does not extend to any additional property other than (A) after-acquired property that is affixed or incorporated into the property
covered by such Lien or financed by Indebtedness permitted under Section 7.03, and (B) proceeds and products thereof; and (ii) the renewal,
extension or refinancing of the obligations secured or benefited by such Liens is permitted by Section 7.03.

 

 Section
7.02. Investments. Make any Investments, except:

 

 (a) Investments
in cash and Cash Equivalents;

 

 (b) (i)
equity Investments owned as of the Effective Date in any Subsidiary, (ii) Investments made after the Effective Date in any Loan Party,
(iii) so long as no Event of Default has occurred and is continuing, Investments in any Wholly-owned Subsidiary of a Loan Party that
is not a Loan Party in an aggregate amount not to exceed $500,000 in any Fiscal Quarter; and (iv) Investments made after the Effective
Date in the ordinary course of business by any Wholly-owned Subsidiary of a Loan Party that is not a Loan Party in any other Wholly-owned
Subsidiary of a Loan Party that is not a Loan Party;

 

 (c) intercompany
loans to the extent permitted under Section 7.03(i);

 

 (d) to
the extent constituting Investments, Liens, Indebtedness, fundamental changes, Dispositions and Restricted Payments expressly permitted
under Section 7.01, Section 7.03, Section 7.04, Section 7.05 and Section 7.06, respectively and Capital Expenditures; provided, however,
that no Investments may be made solely pursuant to this Section 7.02(d);

 

 (e) Investments
existing on the date hereof and disclosed on Schedule 7.02(e) and Investments consisting of any modification, replacement, renewal, reinvestment
or extension of any such Investment existing on the date hereof; provided that the amount of any Investment permitted pursuant
to this Section 7.02(e) is not increased from the amount of such Investment on the Effective Date except pursuant to the terms of such
Investment as of the Effective Date or as otherwise permitted by this Section 7.02;

 

 (f) promissory
notes and other non-cash consideration received in connection with Dispositions permitted by Section 7.05;

 

 (g) Investments
made with the proceeds of Dispositions and Casualty Events pursuant to Sections 2.03(b)(ii) and 2.03(b)(iii); and

 

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 (h) Investments
constituting Acquisitions, provided:

 

(i) immediately
prior to, and after giving effect thereto, no Default or Event of Default shall have occurred and be continuing or would result therefrom;

 

(ii) all
transactions in connection therewith shall be consummated, in all material respects, in accordance with all applicable laws and in conformity
with all applicable Governmental Authorizations;

 

(iii) in
the case of an acquisition of Equity Interests, all of the Equity Interests (except for any such Equity Interests in the nature of directors’
qualifying shares required pursuant to applicable Law) acquired or otherwise issued by such Person or any newly formed Guarantor Subsidiary
in connection with such Acquisition shall be owned 100% by Parent, Borrower or a Guarantor Subsidiary (except to the extent otherwise
required by Laws) and Borrower shall have taken, or caused to be taken, as of the date such Equity Interests are acquired, each of the
actions set forth in Section 6.11;

 

(iv) any
Person or assets or division as acquired in accordance herewith shall be in same business or lines of business in which Parent and/or
its Subsidiaries are engaged as of the Effective Date;

 

(vi) the
Acquisition shall have been approved by the board of directors or other governing body or controlling Person of the Person acquired or
the Person from whom such assets or division is acquired;

 

(vii) the
Administrative Agent shall have received the final documentation in connection with the Acquisition; and

 

(viii) (x)
the cash consideration paid in connection with any Acquisition of domestic assets consummated after the Effective Date shall not exceed
$7,500,000 per Fiscal Year (in addition to any cash proceeds received by a Loan Party from a simultaneous issuance of Qualified Equity
Interests or convertible notes) and (y) no portion of the consideration paid in connection with any such Acquisition of foreign assets
consummated after the Effective Date shall be paid in cash (other than cash proceeds received by a Loan Party from a simultaneous issuance
of Equity Interests or convertible notes).

 

 Section
7.03. Indebtedness. Create, incur, assume or suffer to exist any Indebtedness, except the following, without duplication (which
constitutes “Permitted Indebtedness”):

 

 (a) Obligations
of the Loan Parties under the Loan Documents;

 

 (b) Surviving
Indebtedness listed on Schedule 7.03(b), but not any extensions, renewals or replacements of such Indebtedness except (i) renewals and
extensions expressly provided for in the agreements evidencing any such Indebtedness as the same are in effect on the date of this Agreement
and (ii) refinancings and extensions of any such Indebtedness if the terms and conditions thereof are not less favorable to the obligor
thereon or to the Lenders than the Indebtedness being refinanced or extended, and the average life to maturity thereof is greater than
or equal to that of the Indebtedness being refinanced or extended; provided, such Indebtedness permitted under the immediately
preceding clause (i) or (ii) above shall not (A) include Indebtedness of an obligor that was not an obligor with respect to the Indebtedness
being extended, renewed or refinanced, (B) exceed in a principal amount the Indebtedness being renewed, extended or refinanced, or (C)
be incurred, created or assumed if any Default or Event of Default has occurred and is continuing or would result therefrom;

 

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 (c) Indebtedness
with respect to Capital Leases and purchase money Indebtedness in an amount not to exceed $1,000,000 in the aggregate at any time outstanding;
provided that any such Indebtedness (x) in the case of additional Capital Leases or purchase money Indebtedness, shall be secured
by the asset subject to such additional Capital Leases or acquired asset in connection with the incurrence of such Indebtedness, as the
case may be, and (y) in the case of purchase money Indebtedness, shall constitute not less than 75% of the aggregate consideration paid
with respect to such asset;

 

 (d) the
SBA PPP Loan;

 

 (e) Indebtedness
in respect of Swap Contracts designed to hedge against interest rates, foreign exchange rates or commodities pricing risks incurred in
the ordinary course of business and not for speculative purposes;

 

 (f) Indebtedness
incurred by any Loan Party in respect of letters of credit, bank guarantees, bankers’ acceptances, warehouse receipts or similar
instruments issued or created in the ordinary course of business, including in respect of workers compensation claims, health, disability
or other employee benefits or property, casualty or liability insurance or self-insurance or other Indebtedness with respect to reimbursement-type
obligations regarding workers compensation claims;

 

 (g) Indebtedness
incurred by any Loan Party in respect of accounts payable to trade creditors for goods and services and current operating liabilities
(not the result of the borrowing of money) incurred in the ordinary course of business in accordance with customary terms and paid within
the specified time, unless contested in good faith by appropriate proceedings and reserved for substantially in accordance with GAAP;

 

 (h) Indebtedness
consisting of guarantees resulting from endorsement of negotiable instruments for collection by any Loan Party in the ordinary course
of business;

 

 (i) Indebtedness
of (i) any Loan Party owing to any other Loan Party and (ii) Indebtedness owed by a Subsidiary that is not a Guarantor Subsidiary to
any Loan Party to the extent such Indebtedness is permitted as an Investment pursuant to Section 7.02; provided, that, in each
case (A) all such Indebtedness shall be evidenced by promissory notes and all such notes shall be subject to a first priority Lien pursuant
to the Collateral Documents and (B) all such Indebtedness shall be unsecured and subordinated in right of payment to the payment in full
of the Obligations pursuant to the terms of the applicable promissory notes or an intercompany subordination agreement that in any such
case, is reasonably satisfactory to the Collateral Agent;

 

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 (j) unsecured
Indebtedness (other than for borrowed money) that may be deemed to exist pursuant to any bona fide warranty or contractual service obligations
or performance in the ordinary course of business of the Loan Parties;

 

 (k) Indebtedness
in respect of the convertible notes; provided that, all such Indebtedness in respect of the convertible notes shall be unsecured
and subordinated in right of payment to the payment in full (other than any payment as a result of the conversion of such convertible
notes into Equity Interests of Parent) to the Obligations;

 

 (l) other
unsecured Indebtedness, provided that such Indebtedness matures not less than one hundred eighty (180) days following the Last
Out Maturity Date; and

 

 (m) the
2021 Preferred Stock on terms reasonably acceptable to the Administrative Agent in its sole discretion.

 

For
purposes of determining compliance with this Section 7.03, all Obligations outstanding under the Loan Documents will be deemed to have
been incurred in reliance only on the exception in clause (a) of this Section 7.03. Notwithstanding anything to the contrary herein,
no Loan Party shall have outstanding, create or incur any Indebtedness owing to any other Loan Party or any Affiliate or employee of
any Loan Party unless such Indebtedness is expressly permitted hereunder and expressly subordinated to the Loans and other Obligations
in a manner and on terms satisfactory to the Administrative Agent.

 

 Section
7.04. Fundamental Changes. Merge, dissolve, liquidate, consolidate with or into another Person, acquire or Dispose of (whether
in one transaction or in a series of transactions) all or substantially all of its assets (whether now owned or hereafter acquired) to
or in favor of any Person, except:

 

 (a)
 Permitted Acquisitions;

 

 (b) Dispositions
pursuant to Section 7.05; and

 

 (c) any
Subsidiary of Parent may be merged with or into Parent or any Guarantor Subsidiary, or be liquidated, wound up or dissolved, or all or
any part of its business, property or assets may be conveyed, sold, leased, transferred or otherwise disposed of, in one transaction
or a series of transactions, to Parent or any Guarantor Subsidiary; provided, in the case of such a merger involving Borrower,
Borrower shall be the continuing or surviving Person and in the case of such a merger not involving Borrower, such Guarantor Subsidiary
shall be the continuing or surviving Person.

 

 Section
7.05. Dispositions. Make any Disposition or enter into any agreement to make any Disposition, except:

 

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

 

 (b) Dispositions
of inventory and immaterial assets in the ordinary course of business (including allowing any registrations or any applications for registration
of any immaterial Intellectual Property to lapse or go abandoned in the ordinary course of business);

 

 (c) Dispositions
of property of Parent and its Subsidiaries to the extent that (i) such property is exchanged for credit against the purchase price of
similar replacement property that is promptly purchased or (ii) the proceeds of such Disposition are promptly applied to the purchase
price of such replacement property (which replacement property is actually promptly purchased);

 

 (d) Dispositions
permitted by Section 7.02, Section 7.04, Section 7.06 and Section 7.13 and Liens permitted by Section 7.01;

 

 (e) Dispositions
in the ordinary course of business of cash and Cash Equivalents;

 

 (f) Dispositions,
the proceeds of which (i) are less than $250,000 with respect to any single Disposition or series of related Dispositions, and (ii) when
aggregated with the proceeds of all other Dispositions made within the same Fiscal Year, are less than $500,000; provided (1)
the consideration received for such assets shall be in an amount at least equal to the fair market value thereof (determined in good
faith by the board of directors of Parent (or similar governing body)), (2) no less than 100% thereof shall be paid in cash, and (3)
the Net Cash Proceeds thereof shall be applied in accordance with the requirements of Section 2.03(b)(ii); and

 

 (g) Dispositions
resulting from Casualty Events; provided that the Net Cash Proceeds thereof shall be applied in accordance with the requirements
of Section 2.03(b)(iii).

 

 Section
7.06. Restricted Payments. Declare or make, directly or indirectly, any Restricted Payment, except:

 

 (a) any
Loan Party may make Restricted Payments to any other Loan Party;

 

 (b) to
the extent constituting Restricted Payments, Parent and its Subsidiaries may enter into and consummate transactions expressly permitted
by any provision of Section 7.02, Section 7.04, Section 7.06 or Section 7.08;

 

 (c) Parent
may make Restricted Payments in connection with the conversion of convertible notes into Equity Interests of Parent; and

 

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 (d) so
long as no Event of Default has occurred and is continuing, Parent may make Restricted Payments on account of interest and dividends
due and owing on preferred stock issued by Parent not to exceed $800,000 per Fiscal Year.

 

 Section
7.07. Change in Nature of Business. Engage in any line of business other than those lines of business conducted by the Loan Parties
on the Effective Date and other lines of business reasonably related thereto.

 

 Section
7.08. Transactions with Affiliates. Enter into any transaction of any kind with any Affiliate of a Loan Party, whether or not
in the ordinary course of business, other than:

 

 (a) transactions
on terms substantially as favorable to Parent or such Subsidiary as would be obtainable by Parent or such Subsidiary at the time in a
comparable arm’s-length transaction with a Person other than an Affiliate;

 

 (b) the
Transaction, including entering into this Agreement and the Loan Documents, together with all agreements ancillary hereto or thereto;

 

 (c) the
repurchase or redemption of capital stock or other Equity Interest of Parent held by officers, directors or employees or former officers,
directors or employees (or their transferees, estates or beneficiaries under their estates) of Parent or its Subsidiaries, upon their
death, disability, retirement, severance or termination of employment or service in an aggregate principal amount not to exceed $250,000
during any Fiscal Year;

 

 (d) loans
and other transactions by and among Parent and/or one or more Subsidiaries to the extent permitted under this Article VII;

 

 (e) customary
compensation and indemnification of, and other employment arrangements with, directors, officers and employees of Parent and any of its
Subsidiaries in the ordinary course of business; and

 

 (f) Restricted
Payments permitted under Section 7.06.

 

 Section
7.09. Prepayments of Certain Indebtedness; Modifications of Certain Indebtedness; Payments of Interest on Convertible Notes and Indebtedness.
Except in each case as otherwise expressly permitted by this Agreement:

 

 (a) directly
or indirectly, voluntarily purchase, redeem, defease or prepay any principal of, premium, if any, interest or other amount payable in
respect of any Indebtedness prior to its scheduled maturity, other than (i) the Obligations and (ii) Indebtedness secured by a Permitted
Lien and (iii) interest payable in kind in respect of any convertible notes issued by Parent or any Indebtedness incurred pursuant to
Section 7.03(l); and

 

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 (b) solely
to the extent any portion of the SBA PPP Loan is not forgiven pursuant to, and in accordance with, the Cares Act (such amount, the “Unforgiven
Debt”), an amount equal to the Unforgiven Debt may be used for the prepayment of principal (together with interest thereon)
of the SBA PPP Loan, to the extent permitted under the CARES Act and provided that at the time of such prepayment no Event of Default
has occurred and is continuing.

 

 Section
7.10. Negative Pledge. Except as provided herein, create or otherwise cause or suffer to exist or become effective any consensual
encumbrance or restriction of any kind on the ability of any Subsidiary to (a) pay dividends or make any other distributions on any of
such Subsidiary’s Equity Interests owned by Parent or any other Subsidiary of Parent, (b) repay or prepay any Indebtedness owed
by such Subsidiary to Parent or any other Subsidiary of Parent, (c) make loans or advances to Parent or any other Subsidiary of Parent,
or (d) transfer any of its property or assets to Parent or any other Subsidiary of Parent other than restrictions (i) in agreements evidencing
purchase money Indebtedness permitted by Section 7.03(c) that impose restrictions on the property so acquired, (ii) by reason of customary
provisions restricting assignments, subletting or other transfers contained in leases, licenses, joint venture agreements and similar
agreements entered into in the ordinary course of business, and (iii) that are or were created by virtue of any transfer of, agreement
to transfer or option or right with respect to any property, assets or Equity Interests not otherwise prohibited under this Agreement.

 

 Section
7.11. Amendments to Organization Documents. Amend, or permit any of its Subsidiaries to amend, its certificate of incorporation
or bylaws or other Organization Documents in a manner adverse to the interests of the Lenders.

 

 Section
7.12. Sale Leasebacks. No Loan Party shall, nor shall it permit any of its Subsidiaries to, directly or indirectly, become or
remain liable as lessee or as a guarantor or other surety with respect to any lease of any property (whether real, personal or mixed),
whether now owned or hereafter acquired, which such Loan Party (a) has sold or transferred or is to sell or to transfer to any other
Person or (b) intends to use for substantially the same purpose as any other property which has been or is to be sold or transferred
by such Loan Party to any Person in connection with such lease, except for any Sale Leaseback set forth on Schedule 7.12.

 

 Section
7.13. [Reserved].

 

 Section
7.14. Accounting Changes. Make any change in (a) accounting policies or reporting practices, except as required by GAAP or (b)
Fiscal Year.

 

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 Section
7.15. OFAC. (a) Become a person whose property or interest in property is blocked or subject to blocking pursuant to Section 1
of Executive Order 13224 of September 23, 2001 Blocking Property and Prohibiting Transactions With Persons Who Commit, Threaten to Commit,
or Support Terrorism (66 Fed. Reg. 49079 (2001)), (b) engage in any dealings or transactions prohibited by Section 2 of such executive
order, or is otherwise associated with any such person in any manner that violates Section 2 of such executive order or (c) become a
person on the list of “Specially Designated Nationals and Blocked Persons” or subject to blocking or specific trade restrictions
under any other U.S. Department of Treasury’s Office of Foreign Assets Control regulation or implementing executive order.

 

Article
VIII

 

Events
of Default and Remedies

 

 Section
8.01. Events of Default. Any of the following events referred to in any of clauses (a) through (m) inclusive of this Section 8.01
shall constitute an “Event of Default”:

 

 (a) Non-Payment.
Any Loan Party fails to pay, within five (5) days after the same becomes due, any amount of principal of any Loan or any interest on
any Loan or any other amount payable hereunder or with respect to any other Loan Document; or

 

 (b) Specific
Covenants. Any Loan Party fails to perform or observe any term, covenant or agreement contained in any of Section 6.01, Section 6.02,
Section 6.03, Section 6.05, Section 6.12, Section 6.14, Section 6.16, Section 6.18, Section 6.19 or Article VII; or

 

 (c) Other
Defaults. Any Loan Party fails to perform or observe any other covenant or agreement (not specified in Section 8.01(a) or (b) above)
contained in any Loan Document on its part to be performed or observed and such failure continues for thirty (30) days after receipt
by Borrower of written notice thereof from the Administrative Agent or the Required Lenders; or

 

 (d) Representations
and Warranties. Any representation, warranty, certification or statement of fact made or deemed made by or on behalf of any Loan
Party herein, in any other Loan Document, or in any document required to be delivered in connection herewith or therewith shall be incorrect
or misleading in any material respect when made or deemed made; or

 

 (e) Cross-Default.
Any Loan Party or any Subsidiary (A) fails to make any payment beyond the applicable grace period with respect thereto, if any (whether
by scheduled maturity, required prepayment, acceleration, demand, or otherwise) in respect of any Indebtedness (other than Indebtedness
hereunder) having an aggregate principal amount of not less than the Threshold Amount or (B) fails to observe or perform any other agreement
or condition relating to any such Indebtedness, or any other event occurs, the effect of which default or other event is to cause, or
to permit the holder or holders of such Indebtedness (or a trustee or agent on behalf of such holder or holders or beneficiary or beneficiaries)
to cause, with the giving of notice if required, such Indebtedness to become due or to be repurchased, prepaid, defeased or redeemed
(automatically or otherwise), or an offer to repurchase, prepay, defease or redeem such Indebtedness to be made, prior to its stated
maturity; or

 

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 (f) Involuntary
Bankruptcy; Appointment of Receiver, etc. (i) A court of competent jurisdiction shall enter a decree or order for relief in respect
of any Loan Party in an involuntary case under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law
now or hereafter in effect, which decree or order is not stayed; or any other similar relief shall be granted without stay under any
applicable federal or state law; or (ii) an involuntary case shall be commenced against any Loan Party under the Bankruptcy Code or under
any other applicable bankruptcy, insolvency or similar law now or hereafter in effect; or a decree or order of a court having jurisdiction
in the premises for the appointment of a receiver, liquidator, sequestrator, trustee, custodian or other officer having similar powers
over any Loan Party, or over all or a substantial part of its property, shall have been entered; or there shall have occurred the involuntary
appointment of an interim receiver, trustee or other custodian of any Loan Party for all or a substantial part of its property; or a
warrant of attachment, execution or similar process shall have been issued against any substantial part of the property of any Loan Party,
and any such event described in this clause (ii) shall continue for sixty (60) days without having been dismissed, bonded or discharged;
or

 

 (g) Voluntary
Bankruptcy; Appointment of Receiver, etc. (i) Any Loan Party shall have an order for relief entered with respect to it or shall commence
a voluntary case under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law now or hereafter in effect,
or shall consent to the entry of an order for relief in an involuntary case, or to the conversion of an involuntary case to a voluntary
case, under any such law, or shall consent to the appointment of or taking possession by a receiver, trustee or other custodian for all
or a substantial part of its property; or any Loan Party shall make any assignment for the benefit of creditors; or (ii) any Loan Party
shall be unable, or shall fail generally, or shall admit in writing its inability to pay its debts as such debts become due; or the board
of directors (or similar governing body) of any Loan Party shall adopt any resolution or otherwise authorize any action to approve any
of the actions referred to herein or in Section 8.01(f); or

 

 (h) Judgments
and Attachments. Any money judgment, writ or warrant of attachment or similar process involving (i) in any individual case an amount
in excess of $500,000 or (ii) in the aggregate at any time an amount in excess of $1,000,000 (in either case, to the extent not adequately
covered by insurance as to which a solvent and unaffiliated insurance company has acknowledged coverage) shall be entered or filed against
any Loan Party or any of their respective assets and shall remain undischarged, unvacated, unbonded or unstayed for a period of sixty
(60) days (or in any event later than five (5) days prior to the date of any proposed sale thereunder); or

 

 (i) Dissolution.
Any order, judgment or decree shall be entered against any Loan Party decreeing the dissolution or split up of such Loan Party and such
order shall remain undischarged or unstayed for a period in excess of sixty (60) days; or

 

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 (j) ERISA.
(i) An ERISA Event occurs with respect to a Pension Plan or Multiemployer Plan which has resulted or would reasonably be expected to
result in liability of any Loan Party under Title IV of ERISA in an aggregate amount which would reasonably be expected to exceed the
Threshold Amount, (ii) any Loan Party fails to pay when due, after the expiration of any applicable grace period, any installment payment
with respect to its Withdrawal Liability under Section 4201 of ERISA under a Multiemployer Plan in an aggregate amount which would reasonably
be expected to exceed the Threshold Amount, or (iii) any Loan Party shall have been notified by the sponsor of a Multiemployer Plan that
such Multiemployer Plan is in reorganization or is being terminated, within the meaning of Title IV of ERISA, and as a result of such
reorganization or termination the aggregate annual contributions of the Loan Parties to all Multiemployer Plans that are then in reorganization
or being terminated have been or will be increased over the amounts contributed to such Multiemployer Plans for the plan years of such
Multiemployer Plans immediately preceding the plan year in which such reorganization or termination occurs by an aggregate amount which
would reasonably be expected to exceed the Threshold Amount; or

 

 (k) Invalidity
of Loan Documents. Any material provision of any Loan Document, at any time after its execution and delivery and for any reason other
than as expressly permitted hereunder or thereunder or the satisfaction in full of all the Obligations, ceases to be in full force and
effect; or any Loan Party contests in writing in any manner the validity or enforceability of any provision of any Loan Document; or
any Loan Party denies in writing that it has any or further liability or obligation under any Loan Document (other than as a result of
repayment in full of the Obligations and termination of the Aggregate Commitments), purports in writing to revoke or rescind any Loan
Document or asserts in writing that any Guaranty, Collateral Document or subordination provision in respect of any Indebtedness in excess
(in the aggregate) of the Threshold Amount is invalid or unenforceable; or

 

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

 

 (m) Guaranties,
Collateral Documents and other Loan Documents. At any time after the execution and delivery thereof, (i) the Guaranty for any reason,
other than the satisfaction in full of all Obligations, shall cease to be in full force and effect (other than in accordance with its
terms) or shall be declared to be null and void or any Guarantor shall repudiate its obligations thereunder, (ii) this Agreement or any
Collateral Document ceases to be in full force and effect (other than by reason of a release of Collateral in accordance with the terms
hereof or thereof or the satisfaction in full of the Obligations in accordance with the terms hereof) or shall be declared null and void,
or Collateral Agent shall not have or shall cease to have a valid and perfected Lien in any Collateral purported to be covered by the
Collateral Documents with the priority required by the relevant Collateral Document, in each case for any reason other than the failure
of Collateral Agent or any Secured Party to take any action within its control, or (iii) any Loan Party shall contest the validity or
enforceability of any Loan Document in writing or deny in writing that it has any further liability, including with respect to future
advances by Lenders, under any Loan Document to which it is a party; or

 

 (n) Stock
Exchange Rules. (i) Parent shall fail to comply with any reporting rules and regulations of the stock exchange on which Parent’s
Equity Interests are traded or (ii) any common stock of Parent held by Centre Lane Partners Master Credit Fund II, L.P. or any of its
affiliates shall fail to be fully registered and/or freely tradable if and when Parent uplists to a national stock exchange.

 

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 Section
8.02. Remedies Upon Event of Default. If any Event of Default occurs and is continuing, the Administrative Agent may and, at the
request of the Required Lenders, shall take any or all of the following actions:

 

 (a) declare
the commitment (if any) of each Lender to make Loans to be terminated, whereupon such commitments and obligations shall be terminated;

 

 (b) declare
the unpaid principal amount of all outstanding Loans, all interest accrued and unpaid thereon, and all other amounts owing or payable
hereunder or under any other Loan Document to be immediately due and payable, without presentment, demand, protest or other notice of
any kind, all of which are hereby expressly waived by Borrower;

 

 (c) set-off
against any outstanding Obligations amounts held for the account of the Loan Parties as cash collateral or in the accounts of any Loan
Party maintained by or with the Administrative Agent, any Lender or their respective Affiliates; and

 

 (d) exercise
on behalf of itself and the Lenders all rights and remedies available to it and the Lenders under the Loan Documents or applicable Law;

 

provided
that upon the occurrence of an Event of Default under Sections 8.01(f) or (g), the obligation of each Lender to make Loans shall
automatically terminate, the unpaid principal amount of all outstanding Loans and all interest and other amounts as aforesaid, shall
automatically become due and payable without further act of any Agent or any Lender.

 

 Section
8.03. Application of Funds. If after the exercise of remedies provided for in Section 8.02 (or after the Loans have automatically
become immediately due and payable), including in any bankruptcy or insolvency proceeding, any amounts received on account of the Obligations
shall be applied by the Administrative Agent in the following order:

 

First,
to payment of that portion of the Obligations constituting fees, indemnities, expenses and other amounts (other than principal and
interest, but including Attorney Costs payable under Section 10.04 and Section 10.05 and amounts payable under Article III) payable to
each Agent in its capacity as such;

 

Second,
to payment of that portion of the Obligations constituting indemnities and other amounts (other than principal and interest) payable
to the Lenders (including amounts payable under Article III), ratably among them in proportion to the amounts described in this clause
Second payable to them;

 

Third,
to payment of that portion of the Obligations constituting any accrued, unpaid interest (including, but not limited to, Default Rate
interest, accrued but uncapitalized PIK Interest and post-petition interest) ratably among the Lenders in proportion to the respective
amounts described in this clause Third payable to them;

 

Fourth,
to prepay the First Out Loans on a pro rata basis (in accordance with the respective outstanding principal amounts thereof) until
the First Out Loans are paid in full;

 

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Fifth,
to prepay the Last Out Loans on a pro rata basis (in accordance with the respective outstanding principal amounts thereof) until
the Last Out Loans are paid in full;

 

Sixth,
to the payment of all other Obligations of the Loan Parties that are due and payable to the Administrative Agent and the other Secured
Parties on such date, ratably based upon the respective aggregate amounts of all such Obligations owing to the Administrative Agent and
the other Secured Parties on such date; and

 

Last,
the balance, if any, after all of the Obligations have been indefeasibly paid in full, to Borrower or as otherwise required by Law.

 

Article
IX

 

Administrative
Agent and Other Agents

 

 Section
9.01. Appointment and Authorization of Agents. (a) Each Lender hereby irrevocably appoints, designates and authorizes the Administrative
Agent to take such action on its behalf under the provisions of this Agreement and each other Loan Document and to exercise such powers
and perform such duties as are expressly delegated to it by the terms of this Agreement or any other Loan Document, together with such
powers as are reasonably incidental thereto. Notwithstanding any provision to the contrary contained in this Agreement or in any other
Loan Document, the Administrative Agent shall have no duties or responsibilities, except those expressly set forth herein, nor shall
the Administrative Agent have or be deemed to have any fiduciary relationship with any Lender or Participant, and no implied covenants,
functions, responsibilities, duties, obligations or liabilities shall be read into this Agreement or any other Loan Document or otherwise
exist against the Administrative Agent. Without limiting the generality of the foregoing sentence, the use of the term “agent”
herein and in the other Loan Documents 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 merely as a matter of market custom, and
is intended to create or reflect only an administrative relationship between independent contracting parties.

 

Notwithstanding
any provision contained in this Agreement providing for any action in the Administrative Agent’s reasonable discretion or approval
of any action or matter in the Administrative Agent’s reasonable satisfaction, the Administrative Agent shall not have any duty
to take any discretionary action or exercise any discretionary powers, except discretionary rights and powers expressly contemplated
hereby or by the other Loan Documents that the Administrative Agent is required to exercise as directed in writing by the Required Lenders
(or such other number or percentage of the Lenders as shall be expressly provided for herein or in the other Loan Documents); provided
that the Administrative Agent shall not be required to take any action that, in its opinion or the opinion of its counsel, may expose
the Administrative Agent to liability or that is contrary to any Loan Document or applicable Law. The Administrative Agent shall not,
except as expressly set forth herein and in the other Loan Documents, have any duty to disclose, and shall not be liable for the failure
to disclose, any information relating to Borrower, any other Loan Party or any of their respective Affiliates that is communicated to
or obtained by the Person serving as the Administrative Agent or any other Agent-Related Person in any capacity.

 

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

 

 (b) The
Administrative Agent shall also act as the “collateral agent” under the Loan Documents, and each of the Lenders hereby irrevocably
appoints and authorizes the Administrative Agent to act as the agent of (and to hold any security interest, charge or other Lien created
by the Collateral Documents for and on behalf of or on trust for) such Lender for purposes of acquiring, holding and enforcing any and
all Liens on Collateral granted by any of the Loan Parties to secure any of the Obligations, together with such powers and discretion
as are reasonably incidental thereto. In this connection, the Administrative Agent, as “collateral agent” (and any co-agents,
sub-agents and attorneys-in-fact appointed by the Administrative Agent pursuant to Section 9.02 for purposes of holding or enforcing
any Lien on the Collateral (or any portion thereof) granted under the Collateral Documents, or for exercising any rights and remedies
thereunder at the direction of the Administrative Agent), shall be entitled to the benefits of all provisions of this Article IX (including
Section 9.07, as though such co-agents, sub-agents and attorneys-in-fact were the “collateral agent” under the Loan Documents)
as if set forth in full herein with respect thereto.

 

 Section
9.02. Delegation of Duties. The Administrative Agent may execute any of its duties under this Agreement or any other Loan Document
(including for purposes of holding or enforcing any Lien on the Collateral (or any portion thereof) granted under the Collateral Documents
or of exercising any rights and remedies thereunder) by or through Affiliates, agents, employees or attorneys-in-fact, such sub-agents
as shall be deemed necessary by the Administrative Agent, and shall be entitled to advice of counsel, both internal and external, and
other consultants or experts concerning all matters pertaining to such duties. The Administrative Agent shall not be responsible for
the negligence or misconduct of any agent or sub-agent or attorney-in-fact that it selects in the absence of gross negligence or willful
misconduct.

 

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 Section
9.03. Liability of Agents. No Agent-Related Person shall (a) be liable to any Lender for any action taken or omitted to be taken
by any of them under or in connection with this Agreement or any other Loan Document or the transactions contemplated hereby (except
for its own gross negligence or willful misconduct, as determined by the final judgment of a court of competent jurisdiction, in connection
with its duties expressly set forth herein), or (b) be responsible in any manner to any Lender or Participant for any recital, statement,
representation or warranty made by any Loan Party or any officer thereof, contained herein or in any other Loan Document, or in any certificate,
report, statement or other document referred to or provided for in, or received by the Administrative Agent under or in connection with,
this Agreement or any other Loan Document, or the validity, effectiveness, genuineness, enforceability or sufficiency of this Agreement
or any other Loan Document, or the perfection or priority of any Lien or security interest created or purported to be created under the
Collateral Documents, or for any failure of any Loan Party or any other party to any Loan Document to perform its obligations hereunder
or thereunder. No Agent-Related Person shall be under any obligation to any Lender or Participant to ascertain or to inquire as to the
observance or performance of any of the agreements contained in, or conditions of, this Agreement or any other Loan Document, or to inspect
the properties, books or records of any Loan Party or any Affiliate thereof.

 

 Section
9.04. Reliance by Agents. (a) Each Agent shall be entitled to rely, and shall be fully protected in relying, upon any writing,
communication, signature, resolution, representation, notice, consent, certificate, affidavit, letter, telegram, facsimile, telex or
telephone message, electronic mail message, statement or other document or conversation believed by it to be genuine and correct and
to have been signed, sent or made by the proper Person or Persons, and upon advice and statements of legal counsel (including counsel
to any Loan Party), independent accountants and other experts selected by such Agent. Each Agent shall be fully justified in failing
or refusing to take any action under any Loan Document unless it shall first receive such advice or concurrence of the Required Lenders
as it deems appropriate and, if it so requests, it shall first be indemnified to its satisfaction by the Lenders against any and all
liability and expense which may be incurred by it by reason of taking or continuing to take any such action. Each Agent shall in all
cases be fully protected in acting, or in refraining from acting, under this Agreement or any other Loan Document in accordance with
a request or consent of the Required Lenders (or such greater number of Lenders as may be expressly required hereby in any instance)
and such request and any action taken or failure to act pursuant thereto shall be binding upon all the Lenders.

 

 (b) For
purposes of determining compliance with the conditions specified in Section 4.01, each Lender that has signed this Agreement shall be
deemed to have consented to, approved or accepted or to be satisfied with, each document or other matter required thereunder to be consented
to or approved by or acceptable or satisfactory to a Lender unless the Administrative Agent shall have received notice from such Lender
prior to the Effective Date specifying its objection thereto.

 

 Section
9.05. Notice of Default. The Administrative Agent shall not be deemed to have knowledge or notice of the occurrence of any Default,
except with respect to defaults in the payment of principal, interest and fees required to be paid to the Administrative Agent for the
account of the Lenders, unless the Administrative Agent shall have received written notice from a Lender or Borrower referring to this
Agreement, describing such Default and stating that such notice is a “notice of default”. The Administrative Agent will promptly
notify the Lenders of its receipt of any such notice. The Administrative Agent shall take such action with respect to any Event of Default
as may be directed by the Required Lenders in accordance with Article VIII; provided that unless and until the Administrative
Agent has received any such direction, the Administrative Agent may (but shall not be obligated to) take such action, or refrain from
taking such action, with respect to such Event of Default as it shall deem advisable or in the best interest of the Lenders.

 

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 Section
9.06. Credit Decision; Disclosure of Information by Agents. Each Lender acknowledges that no Agent-Related Person has made any
representation or warranty to it, and that no act by any Agent hereafter taken, including any consent to and acceptance of any assignment
or review of the affairs of any Loan Party or any Affiliate thereof, shall be deemed to constitute any representation or warranty by
any Agent-Related Person to any Lender as to any matter, including whether Agent-Related Persons have disclosed material information
in their possession. Each Lender represents to each Agent that it has, independently and without reliance upon any Agent-Related Person
and based on such documents and information as it has deemed appropriate, made its own appraisal of, and investigation into, the business,
prospects, operations, property, financial and other condition and creditworthiness of the Loan Parties and their respective Subsidiaries,
and all applicable bank or other regulatory Laws relating to the transactions contemplated hereby, and made its own decision to enter
into this Agreement and to extend credit to Borrower and the other Loan Parties hereunder. Each Lender also represents that it will,
independently and without reliance upon any Agent-Related Person and based on such documents and information as it shall deem appropriate
at the time, continue to make its own credit analysis, appraisals and decisions in taking or not taking action under this Agreement and
the other Loan Documents, and to make such investigations as it deems necessary to inform itself as to the business, prospects, operations,
property, financial and other condition and creditworthiness of Borrower and the other Loan Parties. Except for notices, reports and
other documents expressly required to be furnished to the Lenders by any Agent herein, such Agent shall not have any duty or responsibility
to provide any Lender with any credit or other information concerning the business, prospects, operations, property, financial and other
condition or creditworthiness of any of the Loan Parties or any of their respective Affiliates which may come into the possession of
any Agent-Related Person.

 

 Section
9.07. Indemnification of Agents. Whether or not the transactions contemplated hereby are consummated, the Lenders shall indemnify
upon demand each Agent-Related Person (to the extent not reimbursed by or on behalf of any Loan Party and without limiting the obligation
of any Loan Party to do so), pro rata, and hold harmless each Agent-Related Person from and against any and all Indemnified Liabilities
to the extent incurred by it; provided that no Lender shall be liable for the payment to any Agent-Related Person of any portion
of such Indemnified Liabilities to the extent resulting from such Agent-Related Person’s own gross negligence or willful misconduct,
as determined by the final non-appealable judgment of a court of competent jurisdiction; provided that no action taken in accordance
with the directions of the Required Lenders (or such other number or percentage of the Lenders as shall be required by the Loan Documents)
shall be deemed to constitute gross negligence or willful misconduct for purposes of this Section 9.07. In the case of any investigation,
litigation or proceeding giving rise to any Indemnified Liabilities, this Section 9.07 applies whether any such investigation, litigation
or proceeding is brought by any Lender or any other Person. Without limitation of the foregoing, each Lender shall reimburse the Administrative
Agent upon demand for its ratable share of any costs or out-of-pocket expenses (including Attorney Costs) incurred by the Administrative
Agent in connection with the preparation, execution, delivery, administration, modification, amendment or enforcement (whether through
negotiations, legal proceedings or otherwise) of, or legal advice in respect of rights or responsibilities under, this Agreement, any
other Loan Document, or any document contemplated by or referred to herein, to the extent that the Administrative Agent is not reimbursed
for such expenses by or on behalf of Borrower; provided that such reimbursement by the Lenders shall not affect Borrower’s
continuing reimbursement obligations with respect thereto, if any. The undertaking in this Section 9.07 shall survive termination of
the Aggregate Commitments, the payment of all other Obligations and the resignation of the Administrative Agent.

 

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 Section
9.08. Agents in their Individual Capacities. Each Agent and its Affiliates may make loans to, issue letters of credit for the
account of, accept deposits from, acquire Equity Interests in and generally engage in any kind of banking, trust, financial advisory,
underwriting or other business with each of the Loan Parties and their respective Affiliates as though such Agent were not an Agent hereunder
and without notice to or consent of the Lenders. The Lenders acknowledge that, pursuant to such activities, each Agent or its Affiliates
may receive information regarding any Loan Party or any Affiliate of a Loan Party (including information that may be subject to confidentiality
obligations in favor of such Loan Party or such Affiliate) and acknowledge that no Agent shall be under any obligation to provide such
information to them. With respect to its Loans, each Agent shall have the same rights and powers under this Agreement as any other Lender
and may exercise such rights and powers as though it were not an Agent, and the terms “Lender” and “Lenders”
include such Agent in its individual capacity.

 

 Section
9.09. Successor Agents. The Administrative Agent may resign as the Administrative Agent upon thirty (30) days’ notice to
the Lenders and Borrower. If the Administrative Agent resigns under this Agreement, the Required Lenders shall appoint a successor agent
for the Lenders, which appointment of a successor agent shall require the consent of Borrower at all times other than during the existence
of an Event of Default under Section 8.01(a), (f) or (g) (which consent of Borrower shall not be unreasonably withheld or delayed). If
no successor agent is appointed prior to the effective date of the resignation of the Administrative Agent, the Administrative Agent
may appoint, after consulting with the Lenders and, if no Default has occurred and is continuing, Borrower, a successor agent from among
the Lenders. Upon the acceptance of its appointment as successor agent hereunder, the Person acting as such successor agent shall succeed
to all the rights, powers and duties of the retiring Administrative Agent and the term “Administrative Agent”, shall mean
such successor administrative agent and/or supplemental administrative agent, as the case may be, and the retiring Administrative Agent’s
appointment, powers and duties as the Administrative Agent shall be terminated. After the retiring Administrative Agent’s resignation
hereunder as the Administrative Agent, the provisions of this Article IX and Section 10.04 and Section 10.05 shall inure to its benefit
as to any actions taken or omitted to be taken by it while it was the Administrative Agent under this Agreement. If no successor agent
has accepted appointment as the Administrative Agent by the date which is thirty (30) days following the retiring Administrative Agent’s
notice of resignation, the retiring Administrative Agent’s resignation shall nevertheless thereupon become effective and the Lenders
shall perform all of the duties of the Administrative Agent hereunder until such time, if any, as the Required Lenders appoint a successor
agent as provided for above. Lenders assuming the role of Administrative Agent as specified in the immediately preceding sentence shall
assume the rights and obligations of the Administrative Agent (including the indemnification provisions set forth in Section 9.07) as
if each such Lender were the Administrative Agent. Upon the acceptance of any appointment as the Administrative Agent hereunder by a
successor and upon the execution and filing or recording of such financing statements, or amendments thereto, and such amendments or
supplements to the Mortgages, and such other instruments or notices, as may be necessary or desirable, or as the Required Lenders may
reasonably request, in order to (a) continue the perfection of the Liens granted or purported to be granted by the Collateral Documents
or (b) otherwise ensure that the Collateral and Guaranty Requirement is satisfied, the successor Administrative Agent shall thereupon
succeed to and become vested with all the rights, powers, discretion, privileges, and duties of the retiring Administrative Agent, and
the retiring Administrative Agent shall be discharged from its duties and obligations under the Loan Documents.

 

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 Section
9.10. Administrative Agent May File Proofs of Claim. In case of the pendency of any receivership, insolvency, liquidation, bankruptcy,
reorganization, arrangement, adjustment, composition or other judicial proceeding relative to any Loan Party, the Administrative 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 the Administrative Agent shall have made any demand on Borrower) shall be entitled and empowered, by intervention
in such proceeding or otherwise:

 

 (a) to
file and prove a claim for the whole amount of the principal and interest owing and unpaid in respect of the Loans and all other Obligations
that are owing and unpaid and to file such other documents as may be necessary or advisable in order to have the claims of the Lenders
and the Administrative Agent (including any claim for the reasonable compensation, expenses, disbursements and advances of the Lenders
and the Administrative Agent and their respective agents and counsel and all other amounts due the Lenders and the Administrative Agent
under Section 2.05, Section 10.04 and Section 10.05 or otherwise hereunder) 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

 

 (c) any
custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official in any such judicial proceeding is hereby
authorized by each Lender to make such payments to the Administrative Agent and, in the event that the Administrative Agent shall consent
to the making of such payments directly to the Lenders, to pay to the Administrative Agent any amount due for the reasonable compensation,
expenses, disbursements and advances of the Agents and their respective agents and counsel, and any other amounts due to the Administrative
Agent under Section 2.05, Section 10.04 and Section 10.05 or otherwise hereunder.

 

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Nothing
contained herein shall be deemed to authorize the Administrative Agent to authorize or consent to or accept or adopt on behalf of any
Lender any plan of reorganization, arrangement, adjustment or composition affecting the Obligations or the rights of any Lender or to
authorize the Administrative Agent to vote in respect of the claim of any Lender in any such proceeding.

 

 Section
9.11. Release of Collateral and Guaranty. The Lenders irrevocably agree, authorize and direct the Administrative Agent and Collateral
Agent:

 

 (a) to
release any Lien on any property granted to or held by the Collateral Agent under any Loan Document (i) upon termination of the Aggregate
Commitments and payment in full in cash of all Obligations (other than (A) contingent indemnification obligations not yet accrued and
payable and (B) any other obligation (including a guarantee) that is contingent in nature) (the date upon which the conditions in this
Section 9.11(a)(i) shall have been satisfied, the “Termination Date”), (ii) upon any permitted sale, lease, transfer
or other disposition of any item of Collateral of any Loan Party (including, without limitation, as a result of the sale, in accordance
with the terms of the Loan Documents, of the Loan Party that owns such Collateral) in accordance with the terms of the Loan Documents,
(iii) subject to Section 10.01, if the release of such Lien is approved, authorized or ratified in writing by the Required Lenders, or
(iv) if the property subject to such Lien is owned by a Guarantor, upon release of such Guarantor from its obligations under its Guaranty
pursuant to clause (b) below;

 

 (b) to
release any Guarantor from its obligations under the Guaranty upon (i) in the case of any Subsidiary, such Person ceasing to be subject
to the Collateral and Guaranty Requirement and Section 6.11 as a result of a transaction permitted hereunder (as certified by a Responsible
Officer) and Borrower notifying the Administrative Agent in writing that it wishes such Guarantor to be released from its obligations
under the Guaranty or (ii) the Termination Date; and

 

 (c) to
subordinate any Lien on any property granted to or held by the Collateral Agent under any Loan Document to the holder of any Lien on
such property that is permitted by Sections 7.01(h) and (i).

 

The
Collateral Agent will, at Borrower’s expense, execute and deliver to such Loan Party such documents as such Loan Party may reasonably
request to evidence the release of Collateral pursuant to this Section 9.11 from the assignment and security interest granted under the
Collateral Documents (or the release of the Guarantor from its Guaranty of the Obligations) in accordance with the terms of the Loan
Documents. Upon request by the Collateral Agent at any time, the Required Lenders will confirm in writing the Collateral Agent’s
authority to release its interest in particular types or items of property in accordance with this Section 9.11.

 

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Article
X

 

Miscellaneous

 

 Section
10.01. Amendments, Etc. No amendment or waiver of any provision of this Agreement, nor consent to any departure by any Loan Party
therefrom, shall in any event be effective unless the same shall be in writing and signed by the Required Lenders and Borrower, 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:

 

 (a) no
amendment, waiver or consent shall, unless in writing and signed by all of the Lenders, do any of the following at any time:

 

 (i) change
the number of Lenders or the percentage of (x) the Commitments or (y) the aggregate unpaid principal amount of Loans that, in each case,
shall be required for the Lenders or any of them to take any action hereunder (including pursuant to any change to the definition of
“Required Lenders”),

 

 (ii) release
one or more Guarantors (or otherwise limit such Guarantors’ liability with respect to the Obligations owing to the Agents and the
Lenders under the Guaranties) if such release or limitation is in respect of all or substantially all of the value represented by the
Guaranties to the Lenders,

 

 (iii) release,
or subordinate the Administrative Agent’s Liens in, all or substantially all of the Collateral in any transaction or series of
related transactions (other than in connection with any sale of Collateral permitted herein), or

 

 (iv) amend
any provision of this Section 10.01;

 

 (b) no
amendment, waiver or consent shall, unless in writing and signed by each Lender specified below for such amendment, waiver or consent:

 

 (i) increase
the Commitments of a Lender without the consent of such Lender;

 

 (ii) reduce
the principal of, or stated rate of interest on, or stated premium payable on, the Loans owed to a Lender or any fees or other amounts
stated to be payable hereunder or under the other Loan Documents to such Lender without the consent of such Lender; provided if
the Required Lenders agree to waive any Event of Default and such waiver is effective in accordance with this Section 10.01 or if the
Required Lenders agree to change any financial definitions that would reduce the stated rate of interest or any fees or other non-principal
amounts stated to be payable hereunder or under the other Loan Documents pursuant to any amendment, waiver or consent not being effected
in order to reduce the stated rate of interest or such fees or other amounts, then only the consent of the Required Lenders shall be
necessary to waive any obligation of Borrower to pay interest at the Default Rate in connection with such waived Event of Default or
reduce the stated rate of interest or such fees in connection with such amendment, waiver or consent described in this proviso to clause
(b)(ii), as applicable;

 

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 (iii) postpone
any date scheduled for any payment of principal of, or interest on, the Loans, any date scheduled for payment or for any date fixed for
any payment of fees hereunder in each case payable to a Lender without the consent of such Lender;

 

 (iv) consent
to the assignment or transfer by any Loan Party of any of its rights and obligations under any Loan Document;

 

 (v) change
the order of application or any prepayment of Loans from the application thereof set forth in the applicable provisions of Section 2.03(e)
or Section 8.03 in any manner that adversely affects the Lenders without the consent of holders of a majority of the Commitments or Loans
outstanding under the Facility or otherwise change any provision requiring the pro rata distributions hereunder among the Lenders without
all Lenders’ consent;

 

 (vi) amend
the definition of “Required Lenders” or “Pro Rata Share”; provided, with the consent of Administrative Agent
and the Required Lenders, additional extensions of credit pursuant hereto may be included in the determination of “Required Lenders”
or “Pro Rata Share”; or

 

 (vii) modify
Section 2.09 without the consent of each Lender directly and adversely affected thereby;

 

provided
further that no amendment, waiver or consent shall, unless in writing and signed by an Agent in addition to the Lenders required
above to take such action, affect the rights or duties of such Agent under this Agreement or the other Loan Documents.

 

Notwithstanding
anything to the contrary contained in this Section 10.01, this Agreement and any other Loan Document may be amended, supplemented and
waived with the consent of the Administrative Agent and Borrower without the need to obtain the consent of any other Lender if such amendment,
supplement or waiver is delivered in order to (i) cure ambiguities, omissions, mistakes or defects or (ii) to cause any Collateral Document
to be consistent with this Agreement and the other Loan Documents.

 

 Section
10.02. Notices and Other Communications.

 

 (a) General.
Unless otherwise expressly provided herein, all notices and other communications provided for hereunder or under any other Loan Document
shall be in writing delivered by electronic transmission (except as to service of process, which shall be delivered only in writing and
in accordance with applicable law). All such notices shall be delivered to the applicable electronic mail address, and all notices and
other communications expressly permitted hereunder to be given by telephone shall be made to the applicable telephone number, as follows:

 

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 (i) if
to Borrower or the Administrative Agent, to the electronic mail address or telephone number specified for such Person on Schedule 10.02
or to such other electronic mail address or telephone number as shall be designated by such party in a notice to the other parties from
time to time; and

 

 (ii) if
to any other Lender, to the electronic mail address or telephone number specified on Schedule 10.02 or to such other electronic mail
address or telephone number as shall be designated by such party in a written notice to Borrower and the Administrative Agent.

 

All
such notices and other communications shall be deemed to be given or made upon the earlier to occur of (i) actual receipt by the relevant
party hereto and (ii) if delivered by electronic mail, when delivered; provided that notices and other communications to Borrower
and the Administrative Agent pursuant to Article II shall not be effective until actually received by such Person during the Person’s
normal business hours. In no event shall a voice mail message be effective as a notice, communication or confirmation hereunder.

 

 (b) Effectiveness
of Electronically Transmitted Documents and Signatures. Loan Documents may be transmitted and/or signed by electronic transmission
(including a .pdf or .tif copy).

 

 (c) Reliance
by Agents and Lenders. The Administrative Agent and the Lenders shall be entitled to rely and act upon any notices purportedly given
by or on behalf of the Loan Parties even if (i) such notices were not made in a manner specified herein, were incomplete or were not
preceded or followed by any other form of notice specified herein, or (ii) the terms thereof, as understood by the recipient, varied
from any confirmation thereof. The Loan Parties shall indemnify each Agent-Related Person and each Lender from all losses, costs, expenses
and liabilities resulting from the reliance by such Person on each notice purportedly given by or on behalf of any Loan Party in the
absence of gross negligence or willful misconduct by such Agent-Related Person or such Lender. All telephonic notices to the Administrative
Agent may be recorded by the Administrative Agent, and each of the parties hereto hereby consents to such recording.

 

 (d) Notice
to other Loan Parties. Borrower agrees that notices to be given to any other Loan Party under this Agreement or any other Loan Document
may be given to Borrower in accordance with the provisions of this Section 10.02 with the same effect as if given to such other Loan
Party in accordance with the terms hereunder or thereunder.

 

 (e) Borrower
hereby agrees that it will provide to the Administrative Agent all information, documents and other materials that they are obligated
to furnish to the Administrative Agent pursuant to the Loan Documents, including, without limitation, all notices, requests, financial
statements, financial and other reports, certificates and other information materials, but excluding any such communication that (i)
relates to the payment of any principal or other amount due under this Agreement prior to the scheduled date therefor, (ii) provides
notice of any Default or Event of Default under this Agreement or (iii) is required to be delivered to satisfy any condition precedent
to the effectiveness of this Agreement and/or any Borrowing or other Credit Extension hereunder (all such non-excluded communications
being referred to herein collectively as “Communications”), by transmitting the Communications in an electronic/soft
medium in a format acceptable to the Administrative Agent to an electronic mail address specified by the Administrative Agent to Borrower.
In addition, Borrower agrees to continue to provide the Communications to the Administrative Agent in the manner specified in the Loan
Documents but only to the extent requested by the Administrative Agent.

 

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 (f) The
Administrative Agent agrees that the receipt in accordance with Section 10.02 of the Communications by the Administrative Agent at its
e-mail address set forth on Schedule 10.02 shall constitute effective delivery of the Communications to the Administrative Agent for
purposes of the Loan Documents. Each Lender agrees (i) to notify the Administrative Agent by electronic communication from time to time
of such Lender’s e-mail address to which the foregoing notice may be sent by electronic transmission and (ii) that the foregoing
notice may be sent to such e-mail address. Nothing herein shall prejudice the right of the Administrative Agent or any Lender to give
any notice or other communication pursuant to any Loan Document in any other manner specified in such Loan Document.

 

 Section
10.03. No Waiver; Cumulative Remedies. No failure by any Lender or the Administrative Agent to exercise, and no delay by any such
Person in exercising, any right, remedy, power or privilege hereunder or under any other Loan Document shall operate as a waiver thereof;
nor shall any single or partial exercise of any right, remedy, power or privilege hereunder preclude any other or further exercise thereof
or the exercise of any other right, remedy, power or privilege. The rights, remedies, powers and privileges herein provided, and provided
under each other Loan Document, are cumulative and not exclusive of any rights, remedies, powers and privileges provided by Law.

 

 Section
10.04. Costs and Expenses. Whether or not the transactions contemplated hereby shall be consummated, Borrower agrees to pay promptly
(a) all the Agents’ actual and reasonable costs and expenses of preparation of any consents, amendments, waivers or other modifications
to the Loan Documents; (b) all the reasonable fees, expenses and disbursements of counsel to Agents in connection with the administration
of the Loan Documents and any consents, amendments, waivers or other modifications to the Loan Documents and any other documents or matters
requested by Borrower; (c) all the actual costs and reasonable expenses (including the reasonable fees, expenses and disbursements of
any appraisers, consultants, advisors and agents employed or retained by Collateral Agent and its counsel) in connection with the custody
or preservation of any of the Collateral; (d) all other actual and reasonable costs and expenses incurred by each Agent in connection
with the negotiation, preparation and execution of any consents, amendments, waivers or other modifications to the Loan Documents and
the transactions contemplated thereby; and (e) after the occurrence of a Default or an Event of Default, all costs and expenses, including
reasonable attorneys’ fees (including allocated costs of internal counsel) and costs of settlement, incurred by any Agent and Lenders
in enforcing any Obligations of or in collecting any payments due from any Loan Party hereunder or under the other Loan Documents by
reason of such Default or Event of Default (including in connection with the sale of, collection from, or other realization upon any
of the Collateral or the enforcement of the Guaranty) or in connection with any refinancing or restructuring of the credit arrangements
provided hereunder in the nature of a “work out” or pursuant to any insolvency or bankruptcy cases or proceedings.

 

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 Section
10.05. Indemnification by Borrower. (a) Whether or not the transactions contemplated hereby are consummated, Borrower shall indemnify
and hold harmless each Agent-Related Person, each Lender and their respective Affiliates, directors, officers, employees, counsel, agents,
trustees, investment advisors and attorneys-in-fact (collectively the “Indemnitees”) from and against any and all
liabilities, obligations, losses, taxes, damages, penalties, claims, demands, actions, judgments, suits, costs, expenses and disbursements
(including counsel to the Administrative Agent and the Lenders, and to the extent reasonably necessary, local counsel in any relevant
jurisdiction (and, in the event of any actual conflict of interest, additional counsel to the affected parties)) of any kind or nature
whatsoever which may at any time be imposed on, incurred by or asserted against any such Indemnitee in any way relating to or arising
out of or in connection with (i) the execution, delivery, enforcement, performance or administration of any Loan Document or any other
agreement, letter or instrument delivered in connection with the transactions contemplated thereby or the consummation of the transactions
contemplated thereby, (ii) any Commitment or Loan or the use or proposed use of the proceeds therefrom, (iii) any actual or alleged presence
or release of Hazardous Materials on, at, under or from any property currently or formerly owned or operated by any Loan Party, or any
Environmental Liability related to any Loan Party or (iv) any actual or prospective claim, litigation, investigation or proceeding relating
to any of the foregoing, whether based on contract, tort or any other theory (including any investigation of, preparation for, or defense
of any pending or threatened claim, investigation, litigation or proceeding) (any of the foregoing described in this clause (iv), a “Proceeding”)
(all the foregoing described in clauses (i) to (iv), collectively, the “Indemnified Liabilities”), in all cases, whether
or not caused by or arising, in whole or in part, out of the negligence of the Indemnitee and whether brought by an Indemnitee, a third
party or by any Loan Party or any Loan Party’s directors, shareholders or creditors, and regardless of whether any Indemnitee is
a party thereto and whether or not any of the transactions contemplated hereby are consummated; provided that such indemnity shall
not, as to any Indemnitees, be available to the extent that such liabilities, obligations, losses, damages, penalties, claims, demands,
actions, judgments, suits, costs, expenses or disbursements resulted from the gross negligence, willful misconduct of, or material breach
in bad faith of its obligations under the Loan Documents by, such Indemnitee as determined by a final non-appealable judgment of a court
of competent jurisdiction, and except to the extent resulting from claims between or among any Lenders in their capacity as such. No
Indemnitee shall be liable for any damages arising from the use by others of any information or other materials obtained through any
information transmission systems in connection with this Agreement, nor shall any Indemnitee or any Loan Party have any liability for
any special, punitive, indirect or consequential damages relating to this Agreement or any other Loan Document. All amounts due in respect
of costs, expenses and disbursements under this Section 10.05 shall be paid within ten (10) Business Days after demand therefor; provided,
that each Indemnitee receiving any such reimbursement shall repay such amounts to the relevant Loan Party in the event that such
Indemnitee shall not be entitled thereto pursuant to the provisions hereof. The agreements in this Section 10.05 shall survive the resignation
of any Agent, the replacement of any Lender, the termination of the Aggregate Commitments and the repayment, satisfaction or discharge
of all the other Obligations. Notwithstanding the foregoing, this Section 10.05(a) shall not apply with respect to Taxes other than any
Taxes that represent losses or damages arising from any non-Tax claim.

 

    	-93-

    	 

    

 

 (b) Borrower
shall not be liable for any settlement of any Proceedings effected without its consent (which consent shall not be unreasonably withheld
or delayed), but if settled with Borrower’s consent or if there is a final judgment for the plaintiff in such Proceedings, Borrower
shall indemnify and hold harmless each Indemnitee from and against any Indemnified Liabilities in accordance with the foregoing clause
(a). Borrower shall not, without the prior written consent of an Indemnitee (which consent shall not be unreasonably withheld or delayed),
effect any settlement or consent to the entry of any judgment of any pending or threatened Proceedings in respect of which indemnity
could have been sought hereunder by such Indemnitee unless (i) such settlement includes an unconditional release of such Indemnitee in
form and substance satisfactory to such Indemnitee from all liability on claims that are the subject matter of such Proceedings, (ii)
does not include any statement as to or any admission of fault, culpability or a failure to act by or on behalf of any Indemnitee and
(iii) contains customary confidentiality and non-disparagement provisions.

 

 (c) In
the event that an Indemnitee is requested or required to appear as a witness in any action brought by or on behalf of or against Borrower
or any of its Subsidiaries or Affiliates in which such Indemnitee is not named as a defendant, Borrower shall reimburse such Indemnitee
for all reasonable expenses incurred by it in connection with such Indemnitee’s appearing and preparing to appear as such a witness,
including without limitation, the reasonable fees and expenses of its legal counsel.

 

 Section
10.06. Payments Set Aside. To the extent that any payment by or on behalf of Borrower is made to any Agent or any Lender, or any
Agent or any Lender exercises its right of setoff, and such payment or the proceeds of such setoff or any part thereof is subsequently
invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by such
Agent or such Lender in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under
any Debtor Relief Law or otherwise, then (a) to the extent of such recovery, the obligation or part thereof originally intended to be
satisfied shall be revived and continued in full force and effect as if such payment had not been made or such setoff had not occurred,
and (b) each Lender severally agrees to pay to the Administrative Agent upon demand its applicable share of any amount so recovered from
or repaid by any Agent, plus interest thereon from the date of such demand to the date such payment is made at a rate per annum equal
to the Federal Funds Rate.

 

 Section
10.07. Successors and Assigns. (a) The provisions of this Agreement shall be binding upon and inure to the benefit of the parties
hereto and their respective successors and assigns permitted hereby, except that, Borrower may not assign or otherwise transfer any of
their rights or obligations hereunder or under the other Loan Documents without the prior written consent of the Administrative Agent
and each Lender and no Lender may assign or otherwise transfer any of its rights or obligations hereunder except (i) to an Eligible Assignee
in accordance with the requirements of Section 10.07(b), (ii) by way of participation in accordance with the provisions of Section 10.07(d),
(iii) by way of pledge or assignment of a security interest subject to the restrictions of Section 10.07(f) or (iv) to an SPC in accordance
with the provisions of Section 10.07(g) (and any other attempted assignment or transfer by any party hereto shall be null and void).
Nothing in this Agreement, expressed or implied, shall be construed to confer upon any Person (other than the parties hereto, their respective
successors and assigns permitted hereby, Participants to the extent provided in Section 10.07(d) and, to the extent expressly contemplated
hereby, the Indemnitees) any legal or equitable right, remedy or claim under or by reason of this Agreement.

 

    	-94-

    	 

    

 

 (b) Any
Lender may at any time assign to one or more Eligible Assignees all or a portion of its rights and obligations under this Agreement (including
all or a portion of its Commitment(s) and the Loans); provided that:

 

(i) (A)
in the case of an assignment of the entire remaining amount of the assigning Lender’s Commitment and the Loans at the time owing
to it, no minimum amount shall need be assigned, and (B) in any case not described in clause (b)(i)(A) of this Section, the aggregate
amount of the Commitment (which for this purpose includes Loans outstanding thereunder) or, if the applicable Commitment is not then
in effect, the outstanding principal balance of the Loans of the assigning Lender subject to each such assignment, determined as of the
date the Assignment and Assumption with respect to such assignment is delivered to the Administrative Agent, shall not be less than $500,000
unless the Administrative Agent otherwise consents (each such consent not to be unreasonably withheld or delayed) except such consent
by the Administrative Agent shall not be required if such assignment is to an Affiliate of a Lender or an Approved Fund;

 

(ii) each
partial assignment shall be made as an assignment of a proportionate part of all the assigning Lender’s rights and obligations
under this Agreement with respect to the Loans or the Commitment assigned;

 

(iii) no
consent shall be required for any assignment except to the extent required by subsection (b)(i)(B) of this Section and, in addition the
consent of the Administrative Agent (such consent not to be unreasonably withheld or delayed) shall be required for any assignment unless
such assignment is to a Lender, an Affiliate of a Lender or an Approved Fund related thereto; and

 

(iv) the
parties to each assignment shall execute and deliver to the Administrative Agent an Assignment and Assumption via an electronic settlement
system acceptable to the Administrative Agent (or, if previously agreed with the Administrative Agent, manually).

 

From
and after the effective date specified in each Assignment and Assumption, the Eligible Assignee thereunder shall be party to this Agreement
as a Lender with respect to the interest assigned and, to the extent of the interest assigned by such Assignment and Assumption, have
the rights and obligations of a Lender under this Agreement in addition to any rights and obligations otherwise held by such assignee
as a Lender under this Agreement, and the assigning Lender thereunder shall, to the extent of the interest assigned by such Assignment
and Assumption, be released from its obligations under this Agreement (and, in the case of an Assignment and Assumption covering all
of the assigning Lender’s rights and obligations under this Agreement, such Lender shall cease to be a party hereto but shall continue
to be entitled to the benefits of Sections 3.01, 3.02, 3.04, 3.05 (or any other increased costs protection provision), 10.04 and 10.05).
Upon request, and the surrender by the assigning Lender of its Note (if any), Borrower (at its expense) shall execute and deliver a Note
to the assignee Lender. Any assignment or transfer by a Lender of rights or obligations under this Agreement that does not comply with
this clause (b) shall not be an effective assignment hereunder.

 

    	-95-

    	 

    

 

 (c) Each
Lender, acting solely for this purpose as an agent of Borrower, shall maintain at one of its offices a register for the recordation of
the name and address of any assignee of any Lender and the outstanding principal amount (and stated interest) of the Loans owing thereto
(the “Register”). The entries in the Register shall be conclusive, absent manifest error, and Borrower shall treat
each Person whose name is recorded in the Register pursuant to the terms hereof as the “Lender” hereunder for all
purposes of this Agreement, notwithstanding notice to the contrary. The Register shall be available for inspection by Borrower, at any
reasonable time and from time to time upon reasonable prior notice. Notwithstanding anything herein to the contrary, any assignment of
the Loans shall be effective only upon appropriate entries with respect thereto being made in the Register.

 

 (d) Any
Lender may at any time, without the consent of, or notice to, Borrower or the Administrative Agent, sell participations to any Person
(other than (x) a natural person and (y) a Loan Party or any of its Affiliates) (each, a “Participant”) in all or
a portion of such Lender’s rights and/or obligations under this Agreement (including all or a portion of its Commitment and/or
the Loans owing to it); provided that (i) such Lender’s obligations under this Agreement shall remain unchanged, (ii) such
Lender shall remain solely responsible to the other parties hereto for the performance of such obligations and (iii) Borrower, 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. Any agreement or instrument pursuant to which a Lender sells such a participation shall provide that such Lender
shall retain the sole right to enforce this Agreement and the other Loan Documents and to approve any amendment, modification or waiver
of any provision of this Agreement or the other Loan Documents; provided that such agreement or instrument may provide that such
Lender will not, without the consent of the Participant, agree to any amendment, waiver or other modification described in Section 10.01(a),
or Section 10.01(b) that directly affects such Participant. Subject to Section 10.07(e), Borrower agrees that each Participant shall
be entitled to the benefits of Sections 3.01 (subject to the requirements of Section 3.01, including Section 3.01(e) and Section 3.01(f)),
3.04 and 3.05 (through the applicable Lender) to the same extent as if it were a Lender and had acquired its interest by assignment pursuant
to Section 10.07(b). To the extent permitted by applicable Law, each Participant also shall be entitled to the benefits of Section 10.09
as though it were a Lender; provided that such Participant agrees to be subject to Section 2.09 as though it were a Lender. Any
Lender that sells participations shall maintain a register meeting the requirements of Treasury Regulation Section 5f.103-1(c) (or any
successor regulation), on which it enters the name and the address of each Participant and the principal amounts of each Participant’s
participation interest in the Commitments and/or Loans (or other rights or obligations) held by it (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 interest as the owner thereof for all purposes notwithstanding
any notice to the contrary. In maintaining the Participant Register, such Lender shall be acting as the agent of Borrower solely for
purposes of Treasury Regulation Section 5f.103-1(c) and undertakes no other duty, responsibility or obligation to Borrower (including,
without limitation, in no event shall such Lender be considered a fiduciary of Borrower for any purpose). In addition to maintaining
the Participant Register, such Lender shall, upon request, show the Participant Register to Borrower.

 

    	-96-

    	 

    

 

 (e) A
Participant shall not be entitled to receive any greater payment under Section 3.01, 3.04 or 3.05 than the applicable Lender would have
been entitled to receive with respect to the participation sold to such Participant, unless the sale of the participation to such Participant
is made with Borrower’s prior written consent.

 

 (f) Any
Lender may at any time pledge or assign a security interest in all or any portion of its rights under this Agreement (including under
its Note, if any) to secure obligations of such Lender, including any pledge or assignment to secure obligations to a Federal Reserve
Bank or central bank having jurisdiction over such Lender; provided that no such pledge or assignment shall release such Lender
from any of its obligations hereunder or substitute any such pledgee or assignee for such Lender as a party hereto.

 

 (g) Notwithstanding
anything to the contrary contained herein, any Lender (a “Granting Lender”) may grant to a special purpose funding
vehicle identified as such in writing from time to time by the Granting Lender to the Administrative Agent and Borrower (an “SPC”)
the option to provide all or any part of any Loan that such Granting Lender would otherwise be obligated to make pursuant to this Agreement;
provided that (i) nothing herein shall constitute a commitment by any SPC to fund any Loan and (ii) if an SPC elects not to exercise
such option or otherwise fails to make all or any part of such Loan, the Granting Lender shall be obligated to make such Loan pursuant
to the terms hereof. Each party hereto hereby agrees that (i) neither the grant to any SPC nor the exercise by any SPC of such option
shall increase the costs or expenses or otherwise increase or change the obligations of Borrower under this Agreement (including its
obligations under Section 3.01, 3.04 or 3.05), (ii) no SPC shall be liable for any indemnity or similar payment obligation under this
Agreement for which a Lender would be liable and such liability shall remain with the Granting Lender, and (iii) the Granting Lender
shall for all purposes, including the approval of any amendment, waiver or other modification of any provision of any Loan Document,
remain the lender of record hereunder. The making of a Loan by an SPC hereunder shall utilize the Commitment of the Granting Lender to
the same extent, and as if, such Loan were made by such Granting Lender. Notwithstanding anything to the contrary contained herein, any
SPC may (i) with notice to, but without prior consent of Borrower and the Administrative Agent, assign all or any portion of its right
to receive payment with respect to any Loan to the Granting Lender and (ii) disclose on a confidential basis any non-public information
relating to its funding of Loans to any rating agency, commercial paper dealer or provider of any surety or Guaranty Obligation or credit
or liquidity enhancement to such SPC.

 

 (h) Notwithstanding
anything to the contrary contained herein, (1) any Lender may in accordance with applicable Law create a security interest in all or
any portion of the Loans owing to it and the Note, if any, held by it and (2) any Lender that is a Fund may create a security interest
in all or any portion of the Loans owing to it and the Note, if any, held by it to the trustee for holders of obligations owed, or securities
issued, by such Fund as security for such obligations or securities; provided that unless and until such trustee actually becomes
a Lender in compliance with the other provisions of this Section 10.07, (i) no such pledge shall release the pledging Lender from any
of its obligations under the Loan Documents and (ii) such trustee shall not be entitled to exercise any of the rights of a Lender under
the Loan Documents even though such trustee may have acquired ownership rights with respect to the pledged interest through foreclosure
or otherwise.

 

    	-97-

    	 

    

 

 Section
10.08. Confidentiality. Each of the Agents and the Lenders agrees to maintain the confidentiality of the Information and to not
use or disclose such information, except that Information may be disclosed (a) to its Affiliates and its and its Affiliates’ directors,
officers, employees, trustees, investment advisors and agents, including accountants, legal counsel and other advisors (it being understood
that the Persons to whom such disclosure is made will be informed of the confidential nature of such Information and instructed to keep
such Information confidential); (b) to the extent requested by any Governmental Authority or examiner regulating any Lender; (c) to the
extent required by applicable Laws or regulations or by any subpoena or similar legal process; (d) to any other party to this Agreement;
(e) to any pledgee referred to in Section 10.07(f) or Section 10.07(h), Eligible Assignee of or Participant in, or any prospective Eligible
Assignee of or Participant in, any of its rights or obligations under this Agreement (it being understood that the Persons to whom such
disclosure is made will be informed of the confidential nature of such Information and instructed to keep such Information confidential);
(f) with the written consent of Borrower; (g) to the extent such Information becomes publicly available other than as a result of a breach
of this Section 10.08 by the disclosing party; (h) to any rating agency when required by it (it being understood that, prior to any such
disclosure, such rating agency shall undertake to preserve the confidentiality of any Information relating to the Loan Parties received
by it from such Lender); (i) to the extent not known by it to consist of non-public information, (j) for purposes of establishing a “due
diligence” defense or (k) 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, in the case
of this clause (k) during the continuance of an Event of Default. 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 the Agents and the Lenders in connection with the administration and management of this Agreement, the other
Loan Documents, the Commitments, and the Credit Extensions. For the purposes of this Section 10.08, “Information” means all
information received from any Loan Party or its Affiliates or its Affiliates’ directors, officers, employees, trustees, investment
advisors or agents, relating to the Loan Parties or their business, other than any such information that is publicly available to any
Agent or any Lender prior to disclosure by any Loan Party other than as a result of a breach of this Section 10.08, including, without
limitation, information delivered pursuant to Section 6.01, 6.02 or 6.03 hereof.

 

 Section
10.09. Setoff. In addition to any rights and remedies of the Agents and the Lenders provided by Law, upon the occurrence and during
the continuance of any Event of Default, each Lender and its Affiliates and each Agent and its Affiliates is authorized at any time and
from time to time, without prior notice to the Loan Parties, any such notice being waived by the Loan Parties to the fullest extent permitted
by applicable Law, to set off and apply any and all deposits (general or special, time or demand, provisional or final) at any time held
by, and other Indebtedness at any time owing by, such Lender and its Affiliates or such Agent and its Affiliates, as the case may be,
to or for the credit or the account of the respective Loan Parties and their Subsidiaries against any and all Obligations owing to such
Lender and its Affiliates or such Agent and its Affiliates hereunder or under any other Loan Document, now or hereafter existing, irrespective
of whether or not such Agent or such Lender or Affiliate thereof shall have made demand under this Agreement or any other Loan Document
and although such Obligations may be contingent or unmatured or denominated in a currency different from that of the applicable deposit
or Indebtedness. Each Lender and Agent agrees promptly to notify Borrower and the Administrative Agent after any such set off and application
made by such Lender or Agent, as the case may be; provided that the failure to give such notice shall not affect the validity
of such setoff and application. The rights of each Agent and each under this Section 10.09 are in addition to other rights and remedies
(including other rights of setoff) that such Agent and such Lender may have.

 

    	-98-

    	 

    

 

 Section
10.10. Counterparts. This Agreement and each other Loan Document may be executed in one or more counterparts, each of which shall
be deemed an original, but all of which together shall constitute one and the same instrument. Delivery by electronic transmission (including
a .pdf or .tif copy) of an executed counterpart of a signature page to this Agreement and each other Loan Document shall be effective
as delivery of an original executed counterpart of this Agreement and such other Loan Document.

 

 Section
10.11. Integration. This Agreement comprises the complete and integrated agreement of the parties on the subject matter hereof
and thereof and supersedes all prior agreements, written or oral, on such subject matter. In the event of any conflict or inconsistency
between the provisions of this Agreement and those of any other Loan Document, the provisions of this Agreement shall control; provided
that the inclusion of supplemental rights or remedies in favor of the Agents or the Lenders in any other Loan Document shall not
be deemed a conflict or inconsistency with this Agreement. Each Loan Document was drafted with the joint participation of the respective
parties thereto and shall be construed neither against nor in favor of any party, but rather in accordance with the fair meaning thereof.

 

 Section
10.12. Survival of Representations and Warranties. All representations and warranties made hereunder and in any other Loan Document
or other document delivered pursuant hereto or thereto or in connection herewith or therewith shall survive the execution and delivery
hereof and thereof. Such representations and warranties have been or will be relied upon by each Agent and each Lender, regardless of
any investigation made by any Agent or any Lender or on their behalf and notwithstanding that any Agent or any Lender may have had notice
or knowledge of any Default at the time of any Credit Extension, and shall continue in full force and effect as long as any Loan or any
other Obligation hereunder shall remain unpaid or unsatisfied.

 

 Section
10.13. Severability. If any provision of this Agreement or the other Loan Documents is held to be illegal, invalid or unenforceable,
the legality, validity and enforceability of the remaining provisions of this Agreement and the other Loan Documents shall not be affected
or impaired thereby. The invalidity of a provision in a particular jurisdiction shall not invalidate or render unenforceable such provision
in any other jurisdiction.

 

 Section
10.14. Governing Law. (a) This Agreement
and each other loan document shall be governed by, and construed in accordance with, the law of the state of New York (except, with respect
to any other loan document, as otherwise expressly provided therein).

 

    	-99-

    	 

    

 

 (b) Any
legal action or proceeding arising under any loan document or in any way connected with or related or incidental to the dealings of the
parties hereto or any of them with respect to any loan document, or the transactions related hereto or thereto, in each case whether
now existing or hereafter arising, may be brought in the courts of the state of New York sitting in New York County or of the United
States for the southern district of such state, and by execution and delivery of this agreement, each Borrower, each Agent and each Lender
consents, for itself and in respect of its property, to the exclusive jurisdiction of those courts. Each Borrower, each Agent and each
Lender irrevocably waives any objection, including any objection to the laying of venue or based on the grounds of forum non conveniens,
which it may now or hereafter have to the bringing of any action or proceeding in such jurisdiction in respect of any loan document or
other document related thereto.

 

 Section
10.15. Waiver of Right To Trial By Jury. Each
party to this Agreement hereby expressly waives any right to trial by jury of any claim, demand, action or cause of action arising under
any loan document or in any way connected with or related or incidental to the dealings of the parties hereto or any of them with respect
to any loan document, or the transactions related hereto or thereto, in each case whether now existing or hereafter arising, and whether
founded in contract or tort or otherwise; and each party hereby agrees and consents that any such claim, demand, action or cause of action
shall be decided by court trial without a jury, and that any party to this Agreement may file an original counterpart or a copy of this
Section 10.15 with any court as written evidence of the consent of the signatories hereto to the waiver of their right to trial by jury.

 

 Section
10.16. Binding Effect. This Agreement shall become effective when it shall have been executed by Borrower, the Administrative
Agent and the Collateral Agent, and the Administrative Agent shall have been notified by each Lender that each such Lender has executed
it and thereafter shall be binding upon and inure to the benefit of Borrower, each such Agent and each Lender and their respective successors
and assigns, except that Borrower shall not have the right to assign its rights hereunder or any interest herein without the prior written
consent of the Lenders.

 

Section 10.17. Lender Action. Each Lender agrees that it shall not take or institute any actions or proceedings, judicial or otherwise,
for any right or remedy against any Loan Party or any other obligor under any of the Loan Documents (including the exercise of any right
of setoff, rights on account of any banker’s lien or similar claim or other rights of self-help), or institute any actions or proceedings,
or otherwise commence any remedial procedures, with respect to any Collateral or any other property of any such Loan Party, without the
prior written consent of the Administrative Agent. The provisions of this Section 10.17 are for the sole benefit of the Lenders and shall
not afford any right to, or constitute a defense available to, any Loan Party.

 

 Section
10.18. PATRIOT Act. Each Lender hereby notifies Borrower that pursuant to the requirements of the PATRIOT Act, it is required
to obtain, verify and record information that identifies Borrower, which information includes the name and address of Borrower and other
information that will allow such Lender to identify Borrower in accordance with the PATRIOT Act. Borrower agrees to provide, and to cause
each other Loan Party to provide, such information promptly upon request.

 

    	-100-

    	 

    

 

 Section
10.19. No Advisory or Fiduciary Responsibility. In connection with all aspects of each transaction contemplated hereby (including
in connection with any amendment, waiver or other modification hereof or of any other Loan Document), Borrower acknowledges and agrees,
and acknowledges and agrees that it has informed its Subsidiaries, that: (i) (A) no fiduciary, advisory or agency relationship between
Borrower and its Subsidiaries and any Agent or any Lender is intended to be or has been created in respect of any of the transactions
contemplated hereby and by the other Loan Documents, irrespective of whether any Agent or any Lender has advised or is advising Borrower
and its Subsidiaries on other matters, (B) the arranging and other services regarding this Agreement provided by the Agents and the Lenders
are arm’s-length commercial transactions between Borrower and its Subsidiaries, on the one hand, and the Agents and the Lenders,
on the other hand, (C) Borrower has consulted its own legal, accounting, regulatory and tax advisors to the extent it has deemed appropriate,
and (D) Borrower is capable of evaluating, and understands and accepts, the terms, risks and conditions of the transactions contemplated
hereby and by the other Loan Documents; (ii) (A) the Agents and the Lenders each is and has been acting solely as a principal and, except
as may otherwise be expressly agreed in writing by the relevant parties, has not been, is not, and will not be acting as an advisor,
agent or fiduciary for Borrower and its Subsidiaries or any of their Affiliates, or any other Person and (B) no Agent or Lender has any
obligation to Borrower and its Subsidiaries or any of its Affiliates with respect to the transactions contemplated hereby except those
obligations expressly set forth herein and in the other Loan Documents; and (iii) the Agents and the Lenders and their respective Affiliates
may be engaged in a broad range of transactions that involve interests that differ from those of Borrower and its Subsidiaries and its
Affiliates, and no Agent or Lender has any obligation to disclose any of such interests and transactions to Borrower and its Subsidiaries
or any of its Affiliates. To the fullest extent permitted by law, Borrower hereby waives and releases any claims that it may have against
the Agents and the Lenders with respect to any breach or alleged breach of agency or fiduciary duty in connection with any aspect of
any transaction contemplated hereby.

 

 Section
10.20. No Novation. Notwithstanding anything to the contrary contained herein, this Agreement shall not extinguish the obligations
for the payment of money outstanding under the Existing Credit Agreement or discharge or release the Lien or priority of any Collateral
Document or any other security therefor. Nothing herein contained shall be construed as a substitution or novation of the obligations
outstanding under the Existing Credit Agreement or instruments securing the same, which shall remain in full force and effect, except
to any extent modified hereby or by instruments executed concurrently herewith. Nothing implied in this Agreement or in any other document
contemplated hereby shall be construed as a release or other discharge of any of the Loan Parties under any Loan Document from any of
its obligations and liabilities as Borrower, Guarantor or pledgor under any of the Loan Documents. The Collateral and the other Loan
Documents shall continue to secure, guarantee, support and otherwise benefit the Obligations of the Loan Parties under this Agreement
and the other Loan Documents. Upon the occurrence of the Effective Date, each Loan Document that was in effect immediately prior to the
date of this Agreement shall continue to be effective and, unless the context otherwise requires, any reference to the “Credit
Agreement” contained therein shall be deemed to refer to this Agreement. Notwithstanding the foregoing, the Loan Parties shall
execute any amendments, supplements, modifications or restatements of any Collateral Documents and any new Collateral Documents, in each
case as reasonably requested by the Agents.

 

[Remainder
of Page Intentionally Blank]

 

    	-101-

    	 

    

 

In
Witness Whereof, the parties hereto have caused this
Agreement to be duly executed as of the date first above written.

 

 

	 	CL
    Media Holdings LLC,
	 	as
    Borrower
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 

 

[Signature
page to Amended and Restated Senior Secured Credit Agreement]

 

    	 

    	 

    

 

Acknowledged
and Agreed:

 

	Bright
    Mountain Media, Inc.,	 
	as
    Guarantor	 
	 	 
	By:	             	 
	Name:		 
	Title:		 
	 	 	 
	BRIGHT MOUNTAIN, LLC,
	as Guarantor 
	 	 	 
	By:		 
	Name:		 
	Title:		 
	 	 	 
	MediaHouse,
    Inc.,	 
	as
    Guarantor	 
	 	 	 
	By:		 
	Name:		 
	Title:		 

 

[Signature
page to Amended and Restated Senior Secured Credit Agreement]

 

    	 

    	 

    

 

	 	Centre
    Lane Partners Master Credit Fund II, L.P.,
	 	as
    Administrative Agent and Collateral Agent
	 	 	             
	 	By:	 
	 	Name:	 
	 	Title:	 

 

[Signature
page to Amended and Restated Senior Secured Credit Agreement]

 

    	 

    	 

    

 

	 	Centre
    Lane Partners Master Credit Fund II, L.P.,
	 	as
    Lender
	 	 	       
	 	By:	 
	 	Name:	 
	 	Title:	 

 

[Signature
page to Amended and Restated Senior Secured Credit Agreement]

 

    	 

    	 

    

 

Schedule
1

 

Guarantors

 

Bright
Mountain Media, Inc., a Florida corporation

 

Bright
Mountain, LLC, a Florida limited liability company

 

MediaHouse,
Inc., a Florida corporation

 

    	 

    	 

    

 

Schedule
2.01(a)

 

Commitments

 

	LENDER	 	COMMITMENT	 	 	PRO RATA SHARE	 
	Centre Lane Partners Master Credit Fund II, L.P.	 	$	16,416,905	 	 	 	100.00	%
	Total:	 	$	16,416,905	 	 	 	100.00	%

 

    	 

    	 

    

 

Schedule
5.02

 

Authorizations;
No Contravention

 

None.

 

    	 

    	 

    

 

Schedule
5.03

 

Governmental
Authorization; Other Consents

 

None.

 

    	 

    	 

    

 

Schedule
5.07(b)

 

Owned
Real Property

 

None.

 

Leased
Real Property

 

233
Broadway, 13th Floor, New York, NY 10279

 

1111
Broadway, Oakland, CA (WeWork, Inc.)

 

6400
Congress Avenue, Suite 2050, Boca Raton, Florida 33487

 

Office
space in Hertsliya, Israel

 

    	 

    	 

    

 

Schedule
5.08

 

COLLATERAL
FILINGS AND PERFECTION MATTERS

 

1.
Filing of UCC-1 financing statements with respect to each “Debtor” listed below with the applicable secretary of state of
the state listed opposite such debtor:

 

	No.	 	Debtor	 	State
	1.	 	CL
    Media Holdings LLC	 	DE
	2.	 	Bright
    Mountain Media, Inc.	 	FL
	3.	 	Bright
    Mountain, LLC	 	FL
	4.	 	MediaHouse,
    Inc.	 	FL

 

2.
With respect to Collateral consisting of United States registered Patents and United States registered Trademarks, recording of an executed
Intellectual Property Security Agreement with the United States Patent and Trademark Office.

 

3.
With respect to Collateral consisting of United States registered Copyrights, recording of an executed Intellectual Property Security
Agreement with the United States Copyright Office.

 

4.
With respect to Collateral as to which “control” (under the applicable provisions of the UCC) is required to perfect the
Collateral Agent’s security interest therein, delivery of control to the Collateral Agent within the meaning specified in UCC Sections
8-106, 9-104, 9-105, 9-106 or 9-107, as may be applicable to the relevant Collateral, including, with respect to Deposit Accounts, Securities
Accounts and Commodity Accounts of the Grantors, execution and delivery by the banks, Securities Intermediaries or Commodity Intermediaries
with which such Deposit Accounts, Securities Accounts and Commodity Accounts are maintained of Control Agreements in favor of the Collateral
Agent (as such terms are defined in the Security Agreement).

 

    	 

    	 

    

 

Schedule
5.10

 

Taxes

 

None.

 

    	 

    	 

    

 

Schedule
5.14

 

Subsidiaries
and Other Equity Investments

 

	Name
    of Loan Party or Subsidiary	 	Jurisdiction	 	Ownership
    Interest and Percentage	 	Name
    of Loan Party Pledging Equity Interests
	Bright
    Mountain Media, Inc.	 	Florida	 	Publicly
    traded	 	N/A
	CL
    Media Holdings LLC	 	Delaware	 	Bright
    Mountain Media, Inc. (100%) 	 	Bright
    Mountain Media, Inc.
	Bright
    Mountain, LLC	 	Florida	 	Bright
    Mountain Media, Inc. (100%)	 	Bright
    Mountain Media, Inc.
	MediaHouse,
    Inc.	 	Florida	 	Bright
    Mountain Media, Inc. (100%)	 	Bright
    Mountain Media, Inc.
	S&W
    Media	 	Israel	 	Bright
    Mountain Media, Inc. (100%)	 	Bright
    Mountain Media, Inc.

 

    	 

    	 

    

 

Schedule
5.17

 

Intellectual
Property

 

Patents:

 

	Patent
    Number /Application Number	 	Title
	Prov
    No. 61522653	 	Systems
    and Methods for Crediting Rewards in On-Line Games
	13/762,304	 	Virtual
    Coupons for use in On-Line Games
	Prov
    No. 61621708	 	Automated
    Sweepstakes Manager 
	7094154/11026783

     

     
	 	COMPUTER
    NETWORKED GAME SYSTEM UTILIZING SUBSCRIPTION BASED MEMBERSHIP AND ALTERNATIVE METHODS OF ENTRY

 

Trademarks:

 

	Title
    and Description	 	Date
    of Application	 	Date
    of Registration	 	Pending
    Serial No.	 	Registered
    Trademark No.
	ROCKYOU	 	 	 	9/13/2011	 	85093664	 	4024964
	ROCKYOU	 	 	 	9/13/2011	 	85093702	 	4024965
	ROCKYOU
    MEDIA	 	 	 	9/6/2011	 	85109083	 	4021649
	PUREPLAY	 	 	 	4/29/2008	 	77145241	 	3419492
	MALL
    WORLD	 	 	 	7/5/2011	 	85086427	 	3988594
	DAILYTOAST	 	 	 	5/31/2016	 	86786858	 	4968708
	GALACTIC
    TRADER	 	 	 	9/20/2011	 	85254060	 	4028841
	REWARD
    BASED GAMES	 	 	 	1/14/2014	 	85661686	 	4467979
	CLUBMOM	 	1/5/2000	 	7/9/2002	 	75888488	 	2592351
	CLUBMOM
    - DESIGN	 	11/13/2001	 	8/13/2002	 	76093807	 	2608079
	CAFEMOM
    (WORD MARK)	 	1/19/2007	 	10/23/2007	 	77087028	 	3316341
	CAFEMOM
    (DESIGN)	 	10/2/2014	 	6/2/2015	 	86412925	 	4747392
	SWEETPEAS	 	7/9/2007	 	2/19/2008	 	77224943	 	3385159
	CAFEMOM
    PRESENTS MOM.COM	 	5/13/2011	 	7/15/2014	 	85320348	 	4566129
	THE
    STIR (WORD MARK)	 	7/26/2012	 	5/13/2014	 	85687337	 	4527732
	THE
    STIR (DESIGN)	 	7/26/2012	 	5/13/2014	 	85687398	 	4527733
	THE
    PROWL	 	5/8/2013	 	4/15/2014	 	85926437	 	4516285
	VIVALA	 	6/17/2015	 	8/16/2016	 	86665291	 	5020283

 

    	 

    	 

    

 

	ATHENA	 	9/19/2014	 	9/27/2016	 	86400086	 	5047658
	REVELIST	 	9/13/2015	 	11/22/2016	 	86755217	 	5087970
	CLUB
    MOMME	 	 	 	 	 	86849967	 	5189110
	MOM.ME	 	 	 	 	 	85665529	 	4349124
	MOM.ME
    (AND DESIGN BELOW)	 	 	 	 	 	85665353	 	4349125
	PURPLE
    CLOVER	 	 	 	 	 	85957218	 	4818373
	LITTLETHINGS.COM	 	1/19/2016	 	7/12/2016	 	86880049	 	49983191
	TRUTH
    BOMB MOM	 	1/4/2017	 	8/22/2017	 	87288919	 	5270266
	LITTLETHINGS
    LIVE	 	4/28/2016	 	4/4/2017	 	87018328	 	5178153
	THELITTLETHINGS	 	8/8/2014	 	N/A	 	86361677	 	N/A
	LITTLETHINGS
    SUN AND CLOUD LOGO (DESIGN)	 	11/4/2015	 	7/12/2016	 	86808864	 	4996756
	LISTBLISS	 	6/29/2012	 	10/15/2013	 	85665296	 	4419547
	WILD
    SKY MEDIA 	 	3/4/2019
    	 	3/17/2020
    	 	88324430
    	 	6014984
    
	THEBRIGHT
    	 	 	 	06/17/2013
    	 	 	 	85863160
    
	BRIGHT
    MOUNTAIN 	 	1/27/2011
    	 	01/03/2012
    	 	85227613
    	 	4,081,251
    
	MOUNTAIN
    (DESIGN) 	 	3/11/2013
    	 	10/22/2013
    	 	85873102
    	 	4,421,423
    
	The
    BRIGHT.COM AND (DESIGN) 	 	2/28/2013
    	 	03/18/2014
    	 	85862478
    	 	4,497,074
    
	TheBright.com
    	 	2/28/2013
    	 	05/06/2014
    	 	85862739
    	 	4,524,450
    
	BRIGHTWATCHES
    	 	6/12/2014
    	 	02/10/2015
    	 	86308353	 	4686168
    
	THE
    BRIGHT NETWORK AND (DESIGN)	 	6/13/2014
    	 	04/28/2015
    	 	86309099	 	4,726,578
    
	BRIGHT
    WATCHES.COM AND (DESIGN)	 	6/12/2014
    	 	06/30/2015
    	 	86308433	 	4763256
    
	MEDIAHOUSE
    AND (DESIGN)	 	03/30/2020	 	N/A	 	88852493	 	N/A

 

Copyrights:

 

	Title	 	Registration
    Number	 	Registration
    Date
	ZOMBIES
    SOCIAL NETWORKING SOFTWARE.	 	TXu001578412	 	2008/07/15
	WEREWOLVES
    SOCIAL NETWORKING SOFTWARE.	 	TXu001578413	 	2008/07/15
	VAMPIRES
    SOCIAL NETWORKING SOFTWARE.	 	TXu001578398	 	2008/07/15
	SLAYERS
    SOCIAL NETWORKING SOFTWARE.	 	TXu001578404	 	2008/07/15
	My
    Hottest Friends / by Javier Guel, Bill Summer, Guy Argus, MMJK, Inc.	 	TX0006424446	 	2010/08/16
	MY
    HOTTEST FRIENDS.	 	TX0007176107	 	2010/07/16

 

Domain
Names:

 

See
attached schedule.

 

    	 

    	 

    

 

Schedule
5.19

 

Material
Agreements

 

Executive
Employment Agreement dated April 1, 2020, between Bright Mountain Media, Inc., and W. Kip Speyer.

 

Executive
Employment Agreement dated April 1, 2020, between Bright Mountain Media, Inc., and Gregory A. Peters.

 

    	 

    	 

    

 

Schedule
7.01(b)

 

Existing
Liens

 

None.

 

    	 

    	 

    

 

Schedule
7.03(b)

 

Surviving
Indebtedness

 

10%
Convertible Promissory Note issued on November 12, 2018 by Bright Mountain Media, Inc., to W. Kip Speyer, in the original principal amount
of $30,000.

 

10%
Convertible Promissory Note issued on November 20, 2018 by Bright Mountain Media, Inc., to W. Kip Speyer, in the original principal amount
of $50,000.

 

    	 

    	 

    

 

Schedule
7.12

 

Existing
Sale Leasebacks

 

None.

 

    	 

    	 

    

 

Schedule
10.02

 

Administrative
Agent’s Office, Certain Addresses for Notice

 

Administrative
Agent:

 

CENTRE
LANE PARTNERS MASTER CREDIT FUND II, L.P.

as
Administrative Agent, Collateral Agent and a Lender

60
East 42nd Street, Suite 1250

New
York, NY 10165

Attn:
Quinn Morgan, Managing Director

Email
address: qmorgan@centrelanepartners.com

Telephone:
646-843-0711

 

Borrower:

 

CL
Media Holdings LLC

6400
Congress Ave., Suite 2050

Boca
Raton, FL 33487

Attn:
W. Kip Speyer

Email
address:

Telephone:EX-4.2

 Exhibit 4.2 

Execution Version 
  

 
  

CREDIT AGREEMENT 
 Dated as
of July 7, 2022 
 among 

XEROX CORPORATION, 
 as
Initial Borrower, 
 XEROX HOLDINGS CORPORATION, 

as Holdings, 
 CITIBANK, N.A.,

 as Agent 
 and 

THE OTHER LENDERS PARTY HERETO 

—————————————————————————
 
 CITIBANK, N.A., 

MIZUHO BANK, LTD., 

CRÉDIT AGRICOLE CORPORATE AND INVESTMENT BANK, 

TRUIST SECURITIES, INC. 
 and

 THE BANK OF NOVA SCOTIA 

as Joint Lead Arrangers and Joint Bookrunners 
  

 
  

 TABLE OF CONTENTS 

 

							
	 ARTICLE I. DEFINITIONS AND ACCOUNTING TERMS
	  	 	1	 
			
	 SECTION 1.01
	 	Certain Defined Terms	  	 	1	 
	 SECTION 1.02
	 	Computation of Time Periods	  	 	37	 
	 SECTION 1.03
	 	Accounting Terms	  	 	38	 
	 SECTION 1.04
	 	Divisions	  	 	38	 
		
	 ARTICLE II. AMOUNTS AND TERMS OF THE ADVANCES AND LETTERS OF CREDIT
	  	 	38	 
			
	 SECTION 2.01
	 	The Advances and Letters of Credit	  	 	38	 
	 SECTION 2.02
	 	Making the Advances	  	 	39	 
	 SECTION 2.03
	 	Issuance of and Drawings and Reimbursement Under Letters of Credit	  	 	40	 
	 SECTION 2.04
	 	Fees	  	 	43	 
	 SECTION 2.05
	 	Termination or Reduction of the Commitments	  	 	44	 
	 SECTION 2.06
	 	Repayment of Advances and Letter of Credit Drawings	  	 	44	 
	 SECTION 2.07
	 	Interest on Advances	  	 	45	 
	 SECTION 2.08
	 	Interest Rate Determination	  	 	46	 
	 SECTION 2.09
	 	Optional Conversion of Advances	  	 	48	 
	 SECTION 2.10
	 	Prepayments of Advances	  	 	48	 
	 SECTION 2.11
	 	Increased Costs	  	 	49	 
	 SECTION 2.12
	 	Illegality	  	 	50	 
	 SECTION 2.13
	 	Payments and Computations	  	 	50	 
	 SECTION 2.14
	 	Taxes	  	 	52	 
	 SECTION 2.15
	 	Sharing of Payments, Etc.	  	 	55	 
	 SECTION 2.16
	 	Evidence of Debt	  	 	56	 
	 SECTION 2.17
	 	Use of Proceeds	  	 	57	 
	 SECTION 2.18
	 	Increase in the Revolving Credit Commitments	  	 	57	 
	 SECTION 2.19
	 	Compensation for Losses	  	 	58	 
	 SECTION 2.20
	 	Defaulting Lenders	  	 	58	 
	 SECTION 2.21
	 	Mitigation Obligations; Replacement of Lenders	  	 	61	 
	 SECTION 2.22
	 	Benchmark Replacement	  	 	62	 
		
	 ARTICLE III. CONDITIONS TO EFFECTIVENESS AND LENDING
	  	 	63	 
			
	 SECTION 3.01
	 	Conditions Precedent to Effectiveness	  	 	63	 
	 SECTION 3.02
	 	Initial Advance to Each Designated Subsidiary	  	 	66	 
	 SECTION 3.03
	 	Conditions Precedent to Each Borrowing, Issuance and Commitment Increase	  	 	67	 
	 SECTION 3.04
	 	Determinations Under Section 3.01	  	 	68	 
		
	 ARTICLE IV. REPRESENTATIONS AND WARRANTIES
	  	 	68	 
			
	 SECTION 4.01
	 	Representations and Warranties	  	 	68	 

  
 1 

							
	 ARTICLE V. COVENANTS
	  	 	72	 
			
	 SECTION 5.01
	 	Affirmative Covenants	  	 	72	 
	 SECTION 5.02
	 	Negative Covenants	  	 	80	 
	 SECTION 5.03
	 	Financial Covenants	  	 	89	 
		
	 ARTICLE VI. EVENTS OF DEFAULT
	  	 	90	 
			
	 SECTION 6.01
	 	Events of Default	  	 	90	 
	 SECTION 6.02
	 	Actions in Respect of the Letters of Credit upon Default	  	 	93	 
	 SECTION 6.03
	 	Application of Funds	  	 	93	 
		
	 ARTICLE VII. [RESERVED]
	  	 	94	 
		
	 ARTICLE VIII. THE AGENT
	  	 	94	 
			
	 SECTION 8.01
	 	Appointment and Authority	  	 	94	 
	 SECTION 8.02
	 	Rights as a Lender	  	 	94	 
	 SECTION 8.03
	 	Exculpatory Provisions	  	 	95	 
	 SECTION 8.04
	 	Reliance by Agent	  	 	96	 
	 SECTION 8.05
	 	Indemnification	  	 	96	 
	 SECTION 8.06
	 	Delegation of Duties	  	 	97	 
	 SECTION 8.07
	 	Resignation of Agent	  	 	97	 
	 SECTION 8.08
	 	Non-Reliance on Agent and Other Lenders	  	 	98	 
	 SECTION 8.09
	 	No Other Duties, etc.	  	 	98	 
	 SECTION 8.10
	 	Lender ERISA Representation	  	 	98	 
	 SECTION 8.11
	 	Erroneous Payment	  	 	100	 
	 SECTION 8.12
	 	Collateral and Guaranty Matters	  	 	103	 
	 SECTION 8.13
	 	Additional Secured Parties	  	 	104	 
	 SECTION 8.14
	 	Agent May File Proofs of Claim	  	 	104	 
		
	 ARTICLE IX. MISCELLANEOUS
	  	 	106	 
			
	 SECTION 9.01
	 	Amendments, Etc.	  	 	106	 
	 SECTION 9.02
	 	Notices, Etc.	  	 	107	 
	 SECTION 9.03
	 	No Waiver; Remedies	  	 	109	 
	 SECTION 9.04
	 	Costs and Expenses	  	 	109	 
	 SECTION 9.05
	 	Right of Set-off	  	 	111	 
	 SECTION 9.06
	 	Binding Effect	  	 	112	 
	 SECTION 9.07
	 	Assignments and Participations	  	 	112	 
	 SECTION 9.08
	 	Confidentiality	  	 	116	 
	 SECTION 9.09
	 	Designated Subsidiaries	  	 	116	 
	 SECTION 9.10
	 	Governing Law	  	 	118	 
	 SECTION 9.11
	 	Execution in Counterparts	  	 	118	 
	 SECTION 9.12
	 	Judgment	  	 	118	 
	 SECTION 9.13
	 	Jurisdiction, Etc.	  	 	119	 
	 SECTION 9.14
	 	Substitution of Currency	  	 	119	 
	 SECTION 9.15
	 	No Liability of the Issuing Banks	  	 	119	 

							
	 SECTION 9.16
	 	Patriot Act Notice	  	 	120	 
	 SECTION 9.17
	 	Power of Attorney	  	 	120	 
	 SECTION 9.18
	 	No Fiduciary Duties	  	 	120	 
	 SECTION 9.19
	 	Acknowledgement and Consent to Bail-In of Affected Financial Institutions	  	 	121	 
	 SECTION 9.20
	 	Waiver of Jury Trial	  	 	122	 
	 SECTION 9.21
	 	Interest Rate Limitation	  	 	122	 
	 SECTION 9.22
	 	Acknowledgement Regarding Any Supported QFCs	  	 	122	 

			
	Schedules
		
	Schedule I	  	Commitments
		
	Schedule 2.01(b)	  	Existing Letters of Credit
		
	Schedule 4.01(q)	  	Subsidiaries
		
	Schedule 4.01(t)	  	Material Real Property
		
	Schedule 5.01(m)    	  	Post-Closing Matters
		
	Schedule 5.02(a)	  	Existing Liens
		
	Schedule 5.02(c)	  	Existing Debt
		
	Schedule 5.02(e)	  	Foreign Subsidiaries of XFS
		
	Schedule 5.02(f)	  	Existing Investments
	
	Exhibits
		
	Exhibit A	  	Form of Note
		
	Exhibit B	  	Form of Notice of Borrowing
		
	Exhibit C	  	Form of Assignment and Assumption
		
	Exhibit D	  	Form of Designation Agreement
		
	Exhibit E	  	Form of Collateral Agreement
		
	Exhibit F	  	Form of Solvency Certificate
		
	Exhibit G	  	Form of Perfection Certificate

 CREDIT AGREEMENT 

This CREDIT AGREEMENT (this “Agreement”) is entered into as of July 7, 2022, among XEROX CORPORATION, a New York
corporation (the “Company” or the “Initial Borrower”), XEROX HOLDINGS CORPORATION, a New York corporation (“Holdings”), each lender from time to time party hereto (collectively, the
“Lenders”) and CITIBANK, N.A. (“Citibank”), as administrative agent and collateral agent (the “Agent”). 

RECITALS: 

WHEREAS, capitalized terms shall have the respective meanings set forth for such terms in Section 1.01 hereof; 

WHEREAS, the Initial Borrower has requested that the Lenders establish a $500,000,000 revolving credit facility (the “Revolving Credit
Facility”) in favor of the Initial Borrower; and 
 WHEREAS, subject to the terms and conditions of this Agreement, the Lenders and
the Issuing Banks, to the extent of their respective Commitments as defined herein, are willing severally to establish the requested Revolving Credit Facility in favor of the Initial Borrower. 

NOW, THEREFORE, in consideration of the premises and the agreements, provisions and covenants herein contained, the parties hereto agree as
follows: 
 ARTICLE I. 

DEFINITIONS AND ACCOUNTING TERMS 

SECTION 1.01 Certain Defined Terms. As used in this Agreement, the following terms shall have the following meanings (such
meanings to be equally applicable to both the singular and plural forms of the terms defined): 
 “2023 Senior Notes” means
the 4.625% senior notes due 2023 issued by the Initial Borrower, pursuant to the indenture dated as of December 4, 2009, with The Bank of New York Mellon as trustee. 

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

“Advance” means an advance by a Lender to any Borrower as part of a Borrowing and refers to (a) a Base Rate Advance,
(b) a Term Benchmark Advance or (c) an RFR Advance. 
 “Affected Financial Institution” means (a) any EEA
Financial Institution or (b) any UK Financial Institution. 
 “Affiliate” means, as to any Person, any other Person
that, directly or indirectly, Controls, is Controlled by or is under common Control with such Person or is a director of such Person. 

  
 1 

 “Agency Fee Letter” means the fee letter dated June 10, 2022 between
the Initial Borrower and the Agent. 
 “Agent Parties” has the meaning specified in
Section 9.02(d)(ii). 
 “Agent’s Account” means (a) in the case of Advances denominated
in Dollars, the account of the Agent maintained by the Agent at Citibank at its office at Citibank Delaware, One Penn’s Way, OPS II, New Castle, Delaware 19720, Attention: Agency Operations, (b) in the case of Advances denominated in any
Committed Currency, the account of the Sub-Agent designated in writing from time to time by the Agent to the Company and the Lenders for such purpose and (c) in any such case, such other account of the
Agent as is designated in writing from time to time by the Agent to the Company and the Lenders for such purpose. 

“Agreement” has the meaning set forth in the introductory paragraph hereto. 

“Anti-Corruption Laws” means all laws, rules, and regulations of any jurisdiction applicable to Holdings or its Subsidiaries
from time to time concerning or relating to bribery or corruption. 
 “Anti-Terrorism Laws” means any Law in force or
hereinafter enacted related to terrorism, money laundering, or economic sanctions, including Executive Order No. 13224, the Patriot Act, the International Emergency Economic Powers Act, 50 U.S.C. 1701, et. seq., the Trading with the Enemy Act,
50 U.S.C. App. 1, et. seq., 18 U.S.C. § 2332d, and 18 U.S.C. § 2339B, and any regulations or directives promulgated under these provisions. 

“Applicable Lending Office” means, with respect to any Lender, the office of such Lender specified in its Administrative
Questionnaire, or such other office of such Lender as such Lender may from time to time specify to the Company and the Agent. 

“Applicable Margin” means, (a) from the Effective Date to the date on which a Compliance Certificate is delivered
pursuant to Section 5.01(i) in respect of the fiscal quarter ending September 30, 2022, (i) 1.00% per annum for Base Rate Advances and (ii) 2.00% per annum for Term Benchmark Advances and RFR Advances, and
(b) thereafter, the applicable percentage per annum set forth below determined by reference to the Total Net Leverage Ratio as set forth in the most recent Compliance Certificate received by the Agent pursuant to
Section 5.01(i): 
  

							
	 Pricing Level
	  	 Total Net Leverage Ratio
	  	 Base Rate Advances
	  	 Term Benchmark
Advances and

RFR Advances

	 1
	  	> 4.00:1.00	  	1.25%	  	2.25%
	 2
	  	> 3.00:1.00 and ≤ 4.00:1.00	  	1.00%	  	2.00%
	 3
	  	> 2.00:1.00 and ≤ 3.00:1.00	  	0.75%	  	1.75%
	 4
	  	≤ 2.00:1.00	  	0.50%	  	1.50%

  
 2 

 Any increase or decrease in the Applicable Margin resulting from a change in the Total Net
Leverage Ratio shall become effective as of the first Business Day immediately following the date a Compliance Certificate is delivered pursuant to Section 5.01(i); provided, however, that
if a Compliance Certificate is not delivered when due in accordance with Section 5.01(i), then Pricing Level 1 shall apply as of the first Business Day after the date on which such Compliance Certificate was required
to have been delivered and shall remain in effect until the date on which such Compliance Certificate is delivered (and thereafter the Pricing Level otherwise determined in accordance with this definition shall apply). Notwithstanding anything to
the contrary contained in this definition, the determination of the Applicable Margin for any period shall be subject to the provisions of Section 2.13(g). 

“Applicable Percentage” means, (a) from the Effective Date to the date on which a Compliance Certificate is delivered
pursuant to Section 5.01(i) in respect of the fiscal quarter ending September 30, 2022, 0.25% per annum, and (b) thereafter, the applicable percentage per annum set forth below determined by reference to
the Total Net Leverage Ratio as set forth in the most recent Compliance Certificate received by the Agent pursuant to Section 5.01(i): 
  

					
	 Pricing Level
	  	 Total Net Leverage Ratio
	  	 Applicable Percentage

	 1
	  	> 4.00:1.00	  	0.375%
	 2
	  	> 3.00:1.00 and ≤ 4.00:1.00	  	0.25%
	 3
	  	> 2.00:1.00 and ≤ 3.00:1.00	  	0.20%
	 4
	  	≤ 2.00:1.00	  	0.15%

 Any increase or decrease in the Applicable Percentage resulting from a change in the Total Net Leverage Ratio
shall become effective as of the first Business Day immediately following the date a Compliance Certificate is delivered pursuant to Section 5.01(i); provided, however, that if a
Compliance Certificate is not delivered when due in accordance with Section 5.01(i), then Pricing Level 1 shall apply as of the first Business Day after the date on which such Compliance Certificate was required to
have been delivered and shall remain in effect until the date on which such Compliance Certificate is delivered (and thereafter the Pricing Level otherwise determined in accordance with this definition shall apply). Notwithstanding anything to the
contrary contained in this definition, the determination of the Applicable Percentage for any period shall be subject to the provisions of Section 2.13(g). 

“Approved Fund” means any Fund that is administered or managed by (a) a Lender, (b) an Affiliate of a Lender or
(c) an entity or an Affiliate of an entity that administers or manages a Lender. 
 “Assignment and Assumption” means
an assignment and assumption entered into by a Lender and an Eligible Assignee, and accepted by the Agent, in substantially the form of Exhibit C hereto. 

“Available Amount” of any Letter of Credit issued by an Issuing Bank means, at any time, the maximum amount available to be
drawn under such Letter of Credit at such time (assuming compliance at such time with all conditions to drawing). 

  
 3 

 “Available Tenor” means, as of any date of determination and with respect
to the then-current Benchmark, as applicable, (a) if such Benchmark is a term rate, any tenor for such Benchmark (or component thereof) that is or may be used for determining the length of an interest period pursuant to this Agreement or
(b) otherwise, any payment period for interest calculated with reference to such Benchmark (or component thereof) that is or may be used for determining any frequency of making payments of interest calculated with reference to such Benchmark
pursuant to this Agreement, in each case, as of such date and not including, for the avoidance of doubt, any tenor for such Benchmark that is then-removed from the definition of “Interest Period” pursuant to
Section 2.22(d). 
 “Bail-In Action” means the exercise
of any Write-Down and Conversion Powers by the applicable Resolution Authority in respect of any liability of an Affected Financial Institution. 

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

“Bankruptcy Law” means any proceeding of the type referred to in Section 6.01(e) or Title 11, U.S. Code, or any similar
foreign, federal or state law for the relief of debtors. 
 “Base Rate” means a fluctuating interest rate per annum in
effect from time to time, which rate per annum shall at all times be equal to the highest of: 
 (a) the rate of interest announced publicly
by Citibank in New York, New York, from time to time, as Citibank’s base rate (the “Prime Rate”); 
 (b) 1⁄2 of 1% above the Federal Funds Rate; and 
 (c) Term SOFR
for a one-month Interest Period on such day (or if such day is not a Business Day, the immediately preceding Business Day) plus 1%; provided that if Term SOFR shall be less than the Floor, such rate
shall be deemed to be the Floor for purposes of this Agreement. 
 Any change in the Base Rate due to a change in the Prime Rate, the
Federal Funds Rate or the Term Benchmark shall be effective from and including the effective date of such change in the Prime Rate, the Federal Funds Rate or the Term Benchmark, respectively. 

“Base Rate Advance” means an Advance denominated in Dollars that bears interest as provided in
Section 2.07(a)(i). 
 “Base Rate Term SOFR Determination Day” has the meaning specified in the
definition of “Term SOFR”. 

  
 4 

 “Benchmark” means, initially, (a) with respect to amounts denominated
in Dollars, Term SOFR, (b) with respect to amounts denominated in Canadian Dollars, the CDO Rate, (c) with respect to amounts denominated in Euros, the EURIBOR Rate, (d) with respect to amounts denominated in Sterling, SONIA, and
(e) with respect to amounts denominated in Yen, TONAR; provided that if a replacement of an initial or subsequent Benchmark has occurred pursuant to Section 2.22, then “Benchmark” means the applicable
Benchmark Replacement to the extent that such Benchmark Replacement has replaced such prior benchmark rate. Any reference to “Benchmark” shall include, as applicable, the published component used in the calculation thereof. 

“Benchmark Replacement” means, with respect to any Benchmark Transition Event, the alternate benchmark rate that has been
selected by the Agent and the Company on the Benchmark Replacement Date, giving due consideration to (a) any selection or recommendation of a replacement benchmark rate or the mechanism for determining such a rate by the Relevant Governmental
Body or (b) any evolving or then-prevailing market convention for determining a benchmark rate as a replacement to the then-current Benchmark for syndicated credit facilities; provided, that if the Benchmark Replacement would be less
than the Floor, the Benchmark Replacement will be deemed to be the Floor for the purposes of this Agreement and the other Loan Documents. 

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

 (a) in the case of clause (a) or (b) of the definition of “Benchmark Transition Event”, the later of
(i) the date of the public statement or publication of information referenced therein and (ii) the date on which the administrator of such Benchmark (or the published component used in the calculation thereof) permanently or indefinitely
ceases to provide all Available Tenors of such Benchmark (or such component thereof); or 
 (b) in the case of clause (c) of the
definition of “Benchmark Transition Event”, the first date on which such Benchmark (or the published component used in the calculation thereof) has been determined and announced by or on behalf of the administrator of such Benchmark (or
such component thereof) or the regulatory supervisor for the administrator of such Benchmark (or such component thereof) to be non-representative or non-compliant with
or non-aligned with the International Organization of Securities Commissions (IOSCO) Principles for Financial Benchmarks; provided that such
non-representativeness, non-compliance or non-alignment will be determined by reference to the most recent statement or
publication referenced in such clause (c) and even if any Available Tenor of such Benchmark (or such component thereof) continues to be provided on such date. 

For the avoidance of doubt, the “Benchmark Replacement Date” will be deemed to have occurred in the case of clause
(a) or (b) with respect to any Benchmark upon the occurrence of the applicable event or events set forth therein with respect to all then-current Available Tenors of such Benchmark (or the published component used in the calculation
thereof). 
 “Benchmark Transition Event” means the occurrence of one or more of the following events with respect to the
then-current Benchmark: 

  
 5 

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

(b) a public statement or publication of information by the regulatory supervisor for the administrator of such Benchmark (or the published
component used in the calculation thereof), the Federal Reserve Board, the Federal Reserve Bank of New York, an insolvency official with jurisdiction over the administrator for such Benchmark (or such component), a resolution authority with
jurisdiction over the administrator for such Benchmark (or such component) or a court or an entity with similar insolvency or resolution authority over the administrator for such Benchmark (or such component), which states that the administrator of
such Benchmark (or such component) has ceased or will cease to provide all Available Tenors of such Benchmark (or such component thereof) permanently or indefinitely; provided that, at the time of such statement or publication, there is no
successor administrator that will continue to provide any Available Tenor of such Benchmark (or such component thereof); or 
 (c) a public
statement or publication of information by or on behalf of the administrator of such Benchmark (or the published component used in the calculation thereof) or the regulatory supervisor for the administrator of such Benchmark (or such component
thereof) announcing that all Available Tenors of such Benchmark (or such component thereof) are not, or as of a specified future date will not be, representative or in compliance with or aligned with the International Organization of Securities
Commissions (IOSCO) Principles for Financial Benchmarks. 
 For the avoidance of doubt, a “Benchmark Transition Event” will be
deemed to have occurred with respect to any Benchmark if a public statement or publication of information set forth above has occurred with respect to each then-current Available Tenor of such Benchmark (or the published component used in the
calculation thereof). 
 “Benchmark Unavailability Period” means, the period (if any) (a) beginning at the time that a
Benchmark Replacement Date has occurred if, at such time, no Benchmark Replacement has replaced the then-current Benchmark for all purposes hereunder and under any Loan Document in accordance with Section 2.22 and
(b) ending at the time that a Benchmark Replacement has replaced the then-current Benchmark for all purposes hereunder and under any Loan Document in accordance with Section 2.22. 

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

“Benefit Plan” means any of (a) an “employee benefit plan” (as defined in ERISA) that is subject to Title I of
ERISA, (b) a “plan” as defined in Section 4975 of the Code or (c) any Person whose assets include (for purposes of ERISA Section 3(42) or otherwise for purposes of Title I of ERISA or Section 4975 of the Code) the
assets of any such “employee benefit plan” or “plan”. 
 “Borrowers” means, collectively, the Initial
Borrower and the Designated Subsidiaries from time to time. 
 “Borrowing” means a borrowing consisting of simultaneous
Advances of the same Type made by each of the Lenders. 

  
 6 

 “Borrowing Minimum” means, (a) in respect of Advances denominated in
Dollars, $10,000,000, (b) in respect of Advances denominated in Sterling, £5,000,000, (c) in respect of Advances denominated in Yen, ¥1,000,000,000, (d) in respect of Advances denominated in Canadian Dollars, C$5,000,000 and (e) in
respect of Advances denominated in Euros, €5,000,000. 
 “Borrowing Multiple” means, (a) in respect of Advances
denominated in Dollars, $1,000,000, (b) in respect of Advances denominated in Sterling, £1,000,000, (c) in respect of Advances denominated in Yen, ¥100,000,000, (d) in respect of Advances denominated in Canadian Dollars, C$1,000,000 and
(e) in respect of Advances denominated in Euros, €1,000,000. 
 “Business Day” means any day that is not a
Saturday, Sunday or other day on which commercial banks in New York City are authorized or required by law to remain closed; provided that, (i) when used in connection with an Advance denominated in Euros, the term “Business
Day” shall also exclude any day which is not a TARGET Day, (ii) when used in connection with an Advance denominated in Sterling, the term “Business Day” shall also exclude any day which banks are closed for general business in
London, (iii) when used in connection with an Advance denominated in Yen, the term “Business Day” shall also exclude any day which banks are closed for general business in Japan and (iv) when used in connection with an Advance
denominated in Canadian Dollars, the term “Business Day” shall also exclude any day which banks are closed for general business in Canada. 

“Canadian Dollars” and the “C$” sign each means lawful currency of Canada. 

“Cash Collateralize” means, in respect of an obligation, to provide and pledge (as a first priority perfected security
interest) cash collateral in Dollars, at a location and pursuant to documentation in form and substance satisfactory to the Agent and each Issuing Bank (and “Cash Collateralized” has a corresponding meaning). 

“Cash Management Agreement” means (a) any agreement to provide cash management services, including treasury, depository,
overdraft, card services (including services related to credit cards, including purchasing and commercial cards, prepaid cards, including payroll, stored value and gift cards, merchant services processing and debit cards), automated clearing house
transfer, electronic funds transfer and other cash management arrangements and (b) any agreement to provide letters of credit or guarantees of letter of credit, in each case, that do not support Debt for Borrowed Money; provided that, in
respect of this clause (b), the Agent has been notified of such letters of credit or guarantees and the Company has designated to the Agent in writing that such letters of credit constitute Secured Cash Management Agreements. 

“Cash Management Bank” means any Person that, (a) at the time it enters into a Cash Management Agreement with Holdings
or any of its Restricted Subsidiaries, is a Lender, the Agent or a Lead Arranger or an Affiliate of a Lender, the Agent or a Lead Arranger, in its capacity as a party to such Cash Management Agreement, and (b) in the case of any Cash Management
Agreement entered into with Holdings or any of its Restricted Subsidiaries prior to, and existing on, the Effective Date, any Person that is, on the Effective Date, a Lender, the Agent or a Lead Arranger or Affiliate of a Lender, the Agent or a Lead
Arranger, in its capacity as a party to such Cash Management Agreement. 

  
 7 

 “CDO Rate” means, with respect to any Term Benchmark Borrowing denominated
in Canadian Dollars and for any Interest Period, the CDO Screen Rate two Business Days prior to the commencement of such Interest Period. 

“CDO Screen Rate” means on any day for the relevant Interest Period, the annual rate of interest equal to the average rate
applicable to Canadian dollar Canadian bankers’ acceptances for the applicable period that appears on the CDOR page of the Thomson Reuters screen (or, in the event such rate does not appear on such page or screen, on any successor or substitute
page or 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 Agent in its reasonable discretion), rounded to the nearest 1/100th of 1% (with .005%
being rounded up), at approximately 10:15 a.m., Toronto, Ontario time, two Business Days prior to the commencement of such Interest Period (as adjusted by the Agent after 10:00 a.m. Toronto, Ontario time to reflect any error in the posted rate of
interest or in the posted average annual rate of interest). If the CDO Screen Rate shall be less than the Floor, the CDO Screen Rate shall be deemed to be the Floor for purposes of this Agreement. 

“CFC” means a Subsidiary of Holdings that is a “controlled foreign corporation” within the meaning of
Section 957 of the Internal Revenue Code. 
 “CFC Holdco” means any Domestic Subsidiary substantially all of the
assets of which consist of the Equity Interests of one or more CFCs. 
 “Citibank” has the meaning set forth in the
introductory paragraph hereto. 
 “Collateral” means all of the “Collateral” (or similar term) referred to in the
Collateral Documents and all of the other property provided as collateral security under the terms of the Collateral Documents. 

“Collateral Agreement” means the collateral agreement, dated as of the Effective Date, executed and delivered by the Loan
Parties and substantially in the form of Exhibit E. 
 “Collateral Documents” means, collectively, the Collateral
Agreement, any other security agreements, pledge agreements, mortgages, control agreements or other similar agreements delivered to the Agent pursuant to Section 3.01(f)(i) or 5.01(j), including any supplements to
any of the foregoing, and each of the other agreements, instruments or documents that creates or purports to create a Lien in favor of the Agent for the benefit of the Secured Parties. 

“Commitment” means a Revolving Credit Commitment or a Letter of Credit Commitment. 

“Commitment Date” has the meaning specified in Section 2.18(b). 

“Commitment Increase” has the meaning specified in Section 2.18(a). 

“Committed Currencies” means Canadian Dollars, Euros, Sterling and Yen. 

“Communications” has the meaning specified in Section 9.02(d)(ii). 

  
 8 

 “Company” has the meaning set forth in the introductory paragraph hereto.

 “Company Information” has the meaning specified in Section 9.08. 

“Compliance Certificate” has the meaning specified in Section 5.01(i). 

“Conforming Changes” means, with respect to either the use or administration of Term SOFR or the use, administration,
adoption or implementation of any Benchmark Replacement, any technical, administrative or operational changes (including changes to the definition of “Base Rate,” the definition of “Business Day,” the definition of “U.S.
Government Securities Business Day,” the definition of “Interest Period” or any similar or analogous definition (or the addition of a concept of “interest period”), timing and frequency of determining rates and making
payments of interest, timing of borrowing requests or prepayment, conversion or continuation notices, the applicability and length of lookback periods, the applicability of Section 2.11 and other technical, administrative
or operational matters) that the Agent decides may be appropriate to reflect the adoption and implementation of any such rate or to permit the use and administration thereof by the Agent in a manner substantially consistent with market practice (or,
if the Agent decides that adoption of any portion of such market practice is not administratively feasible or if the Agent determines that no market practice for the administration of any such rate exists, in such other manner of administration as
the Agent decides is reasonably necessary in connection with the administration of this Agreement and the other Loan Documents). 

“Consolidated” refers to the consolidation of accounts in accordance with GAAP. 

“Consolidated Current Liabilities” means, on any date, the consolidated current liabilities (other than the short-term
portion of any long term Debt of Holdings or any Restricted Subsidiary) of Holdings and its Restricted Subsidiaries, as such amounts would appear on a consolidated balance sheet of Holdings prepared as of such date in accordance with GAAP. 

“Consolidated EBITDA” means, for any period, the net income (or net loss) (before discontinued operations) of Holdings and
its Restricted Subsidiaries, plus the sum of (a) Consolidated Interest Expense, (b) income tax expense, (c) depreciation expense, (d) amortization expense, and (e) any losses or expenses from any unusual,
extraordinary or otherwise non-recurring items, including but not limited to (i) aggregate foreign exchange losses included in “other expense”, (ii) losses from minority interest and (iii) non-service retirement-related costs, and minus (x) Consolidated Interest Income and (y) the sum of the amounts for such period of any income tax benefits and any income or gains from any
unusual, extraordinary or otherwise non-recurring items, including but not limited to (i) aggregate foreign exchange gains included in “other income” and (ii) income from minority interest;
in each case determined on a Consolidated basis for Holdings and its Restricted Subsidiaries and in the case of items (a) through (e) and items (x) and (y), to the extent such amounts were included in the calculation of net income. For the
purposes of calculating Consolidated EBITDA for any period, if during such period Holdings or any Restricted Subsidiary shall have made an acquisition or a disposition, Consolidated EBITDA for such period shall be calculated after giving pro forma
effect thereto as if such acquisition or disposition, as the case may be, occurred on the first day of such period. 

  
 9 

 “Consolidated Intangible Assets” means, on any date, the consolidated
intangible assets of Holdings and the Restricted Subsidiaries, as such amounts would appear on a consolidated balance sheet of Holdings prepared in accordance with GAAP. As used herein, “intangible assets” means the value (net of any
applicable reserves) as shown on such balance sheet of (i) all patents, patent rights, trademarks, trademark registrations, servicemarks, trade names, business names, brand names, copyrights, designs (and all reissues, divisions, continuations
and extensions thereof), or any right to any of the foregoing, (ii) goodwill, and (iii) all other intangible assets. 

“Consolidated Interest Expense” means, for any period, for Holdings and its Restricted Subsidiaries on a Consolidated basis,
interest expense (including equipment financing interest) for such period, determined in accordance with GAAP. 
 “Consolidated
Interest Income” means, for any period, for Holdings and its Restricted Subsidiaries on a Consolidated basis, interest, fees and other income, arising from investments in cash and cash equivalents, included in Consolidated net income for
such period, determined in accordance with GAAP. 
 “Consolidated Net Tangible Assets” means, on any date, the excess of
Consolidated Total Assets over the sum of (i) Consolidated Current Liabilities and (ii) Consolidated Intangible Assets. 

“Consolidated Total Assets” means, on any date, the consolidated total assets of Holdings and the Restricted Subsidiaries, as
such amounts would appear on a consolidated balance sheet Holdings prepared as of such date in accordance with GAAP. 

“Control” means the possession, direct or indirect, of the power to direct or cause the direction of the management and
policies of such Person, whether through the ability to exercise voting power, by contract or otherwise. 
 “Controlling”
and “Controlled” have meanings correlative thereto. 
 “Convert”, “Conversion” and
“Converted” each refers to a conversion of Advances of one Type into Advances of the other Type pursuant to Section 2.08 or 2.09. 

“Daily Simple RFR” means, for any day (an “RFR Rate Day”), a rate per annum equal to, for any obligations,
interest, fees, commissions or other amounts denominated in, or calculated with respect to: 
 (a) Sterling, the greater of (a) SONIA
for the day (such day “i”) that is five RFR Business Days prior to (i) if such RFR Rate Day is an RFR Business Day, such RFR Rate Day or (ii) if such RFR Rate Day is not an RFR Business Day, the RFR Business Day immediately
preceding such RFR Rate Day, in each case, as such SONIA is published by the SONIA Administrator on the SONIA Administrator’s Website, and (b) the Floor. If by 5:00 pm (local time for the applicable RFR) on the second RFR Business Day
immediately following any day “i”, the RFR in respect of such day “i” has not been published on the applicable SONIA Administrator’s Website and a Benchmark Replacement Date with respect to the applicable Daily Simple RFR
has not occurred, then the RFR for such day “i” will be the RFR as published in respect of the first preceding RFR Business Day for which such RFR was published on the SONIA Administrator’s Website; provided that any RFR
determined pursuant to this sentence shall be utilized for purposes of calculation of Daily Simple RFR for no more than three (3) consecutive RFR Rate Days. Any change in Daily Simple RFR due to a change in the applicable RFR shall be effective
from and including the effective date of such change in the RFR without notice to the Company; and 

  
 10 

 (b) Yen, the greater of (i) TONAR for the day (such day, “i”) that is five
RFR Business Days prior to (i) if such RFR Rate Day is an RFR Business Day, such RFR Rate Day or (ii) if such RFR Rate Day is not an RFR Business Day, the RFR Business Day immediately preceding such RFR Rate Day, in each case, as such
TONAR is published by the TONAR Administrator on the TONAR Administrator’s Website and (b) the Floor. If by 5:00 p.m. (local time for the applicable RFR) on the second RFR Business Day immediately following any day “i”, the RFR
in respect of such day “i” has not been published on the applicable TONAR Administrator’s Website and a Benchmark Replacement Date with respect to the applicable Daily Simple RFR has not occurred, then the RFR for such day
“i” will be the RFR as published in respect of the first preceding RFR Business Day for which such RFR was published on the TONAR Administrator’s Website; provided that any RFR determined pursuant to this sentence shall be
utilized for purposes of calculation of Daily Simple RFR for no more than three (3) consecutive RFR Rate Days. Any change in Daily Simple RFR due to a change in the applicable RFR shall be effective from and including the effective date of such
change in the RFR without notice to the Company. 
 “Daily Simple SOFR” means, for any day (a “SOFR Rate
Day”), a rate per annum equal to the greater of (a) SOFR for the day (such day “i”) that is five U.S. Government Securities Business Days prior to (A) if such SOFR Rate Day is a U.S. Government Securities Business
Day, such SOFR Rate Day or (B) if such SOFR Rate Day is not a U.S. Government Securities Business Day, the U.S. Government Securities Business Day immediately preceding such SOFR Rate Day, in each case, as such SOFR is published by the SOFR
Administrator on the SOFR Administrator’s Website and (b) the Floor. If by 5:00 pm (New York City time) on the second (2nd) U.S. Government Securities Business Day immediately following
any day “i”, the SOFR in respect of such day “i” has not been published on the SOFR Administrator’s Website and a Benchmark Replacement Date with respect to the Daily Simple SOFR has not occurred, then the SOFR
for such day “i” will be the SOFR as published in respect of the first preceding U.S. Government Securities Business Day for which such SOFR was published on the SOFR Administrator’s Website; provided that any SOFR
determined pursuant to this sentence shall be utilized for purposes of calculation of Daily Simple SOFR for no more than three (3) consecutive SOFR Rate Days. Any change in Daily Simple SOFR due to a change in SOFR shall be effective from and
including the effective date of such change in SOFR without notice to the Company. 
 “Debt” of any Person means, 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 current trade payables incurred in the ordinary course of such
Person’s business), (c) all obligations of such Person evidenced by notes, bonds, debentures or other similar instruments, (d) all obligations of such Person created or arising under any conditional sale or other title retention agreement
(other than under any such agreement which constitutes or creates an account payable in the ordinary course of business) with respect to property acquired by such Person (even though the rights and remedies of the seller or lender under such
agreement in the event of default are limited to repossession or sale of such property), (e) all obligations of such Person as lessee under leases that have been or should be, in accordance with GAAP, recorded as capital leases, (f) all
obligations, contingent or otherwise, of such Person in respect of bankers’ 

  
 11 

 
acceptances, letters of credit or similar bank Guarantees (other than bankers’ acceptances, letters of credit or similar bank Guarantees issued in support of trade), (g) all Debt of others
referred to in clauses (a) through (f) above or clause (h) below (collectively, “Guaranteed Debt”) Guaranteed directly or indirectly in any manner by such Person, or in effect Guaranteed directly or
indirectly by such Person through an agreement (1) to pay or purchase such Guaranteed Debt or to advance or supply funds for the payment or purchase of such Guaranteed Debt, (2) to purchase, sell or lease (as lessee or lessor) property, or
to purchase or sell services, with the primary intent and purpose of such Person being to enable the debtor to make payment of such Guaranteed Debt or to assure the holder of such Guaranteed Debt against loss, (3) to supply funds to or in any
other manner invest in the debtor (including any agreement to pay for property or services irrespective of whether such property is received or such services are rendered), with the primary intent and purpose of such Person being to enable the
debtor to make payment of such Guaranteed Debt or to assure the holder of such Guaranteed Debt against loss, or (4) where the primary intent and purpose of such Person is to otherwise assure a creditor against loss (but, in each case, only to
the extent so assured or Guaranteed), and (h) all Debt referred to in clauses (a) through (g) above (including Guaranteed Debt) secured by (or for which the holder of such Debt has an existing right, contingent or otherwise,
to be secured by) any Lien on property (including, without limitation, accounts and contract rights) owned by such Person, even though such Person has not assumed or become liable for the payment of such Debt. 

“Debt for Borrowed Money” means all items that, in accordance with GAAP, would be classified as debt on Holdings’
Consolidated balance sheet; provided, that notwithstanding the treatment thereof under GAAP, (a) “Debt for Borrowed Money” shall exclude (without duplication) $500,000,000 on account of debt previously incurred, the proceeds of
which are used to reduce and/or fund pension liabilities of Holdings and its Restricted Subsidiaries for purposes of Section 5.03(a), and (b) “Debt for Borrowed Money” shall include any Qualified Receivables
Transaction and Third-Party Vendor Financing Programs. 
 “Debtor Relief Laws” means the Bankruptcy Code of the United
States, and all other liquidation, conservatorship, bankruptcy, assignment for the benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor relief Laws of the United States or other applicable
jurisdictions from time to time in effect and affecting the rights of creditors generally. 
 “Default” means any Event of
Default or any event that, unless cured or waived, would constitute an Event of Default but for the requirement hereunder that notice be given or time elapse or both. 

“Defaulting Lender” means at any time, subject to Section 2.20(d), (i) any Lender that has failed
for two or more Business Days to comply with its obligations under this Agreement to make an Advance, make a payment to an Issuing Bank in respect of drawing under a Letter of Credit or make any other payment due hereunder (each, a “funding
obligation”), unless such Lender has notified the Agent and the Company in writing that such failure is the result of such Lender’s determination that one or more conditions precedent to funding has not been satisfied (which conditions
precedent, together with the applicable default, if any, will be specifically identified in such writing), (ii) any Lender that has notified the Agent, the Company or an Issuing Bank in writing, or has stated publicly, that it does not intend to
comply with its funding obligations 

  
 12 

 
hereunder, unless such writing or statement states that such position is based on such Lender’s determination that one or more conditions precedent to funding cannot be satisfied (which
conditions precedent, together with the applicable default, if any, will be specifically identified in such writing or public statement), (iii) any Lender that has defaulted on its funding obligations under other loan agreements or credit agreements
generally under which it has commitments to extend credit or that has notified, or whose Parent Company has notified, the Agent or the Company in writing, or has stated publicly, that it does not intend to comply with its funding obligations under
loan agreements or credit agreements generally, (iv) any Lender that has, for three or more Business Days after written request of the Agent or the Company, failed to confirm in writing to the Agent and the Company that it will comply with its
prospective funding obligations hereunder (provided that such Lender will cease to be a Defaulting Lender pursuant to this clause (iv) upon the Agent’s and the Company’s receipt of such written confirmation), or
(v) any Lender with respect to which a Lender Insolvency Event has occurred and is continuing with respect to such Lender or its Parent Company; provided that a Lender Insolvency Event shall not be deemed to occur with respect to a
Lender or its Parent Company solely as a result of the acquisition or maintenance of an ownership interest in such Lender or Parent Company by a Governmental Authority or instrumentality thereof where such action does not result in or provide such
Lender with immunity from the jurisdiction of courts within the United States or from the enforcement of judgments or writs of attachment on its assets or permit such Lender (or such Governmental Authority or instrumentality) to reject, repudiate,
disavow or disaffirm any contracts or agreements made with such Lender. Any determination by the Agent that a Lender is a Defaulting Lender under any of clauses (i) through (v) above will be conclusive and binding absent manifest
error, and such Lender will be deemed to be a Defaulting Lender (subject to Section 2.20(d)) upon notification of such determination by the Agent to the Company, the Issuing Banks and the Lenders. 

“Default Interest” has the meaning specified in Section 2.07(b). 

“Designated Non-Cash Consideration” means the fair market value (as determined by the
Company in good faith) of non-cash consideration received by Holdings or any Restricted Subsidiary in connection with a Disposition pursuant to Section 5.02(e) that is designated as
Designated Non-Cash Consideration pursuant to a certificate of a Responsible Officer setting forth the basis of such valuation (which amount will be reduced by the amount of cash or cash equivalents received
in connection with a subsequent sale or conversion of such Designated Non-Cash Consideration to cash or cash equivalents). 

“Designated Subsidiary” means any direct or indirect Wholly-Owned Subsidiary of the Initial Borrower designated for borrowing
privileges under this Agreement pursuant to Section 9.09. 
 “Designation Agreement” means, with
respect to any Designated Subsidiary, an agreement substantially in the form of Exhibit D hereto signed by such Designated Subsidiary and the Company. 

“Disclosed Matter” shall mean the existence or occurrence of any matter which has been disclosed either in writing by the
Company to the Agent and the Lenders or in any filing made by Holdings with the SEC, in each case prior to the Effective Date. 

  
 13 

 “Disposition” or “Dispose” means the sale, consignment,
transfer, license, lease or other disposition (including any sale and leaseback transaction) of any property by any Person, including (x) any sale, assignment, transfer or other disposal, with or without recourse, of any notes or accounts
receivable or any rights and claims associated therewith and (y) any issuance of Equity Interests by any Subsidiary of such Person. 

“Disqualified Equity Securities” means that portion of any Equity Interest (other than such Equity Interest that is solely
redeemable, or at the election of Holdings or the Company (not subject to any condition), may be redeemed, with Qualified Equity Securities) which, by its terms (or by the terms of any security into which it is convertible or for which it is
exchangeable at the option of the holder thereof), or upon the happening of any event, matures or is mandatorily redeemable, pursuant to a sinking fund obligation or otherwise, or is redeemable at the sole option of the holder thereof on or prior to
the latest Termination Date of any Lender. 
 “Dollars” and the “$” sign each means lawful currency of the
United States of America. 
 “Domestic Subsidiary” means a Subsidiary of Holdings organized under the laws of a
jurisdiction inside the United States. 
 “EEA Financial Institution” means (a) any credit institution or investment
firm established in any EEA Member Country that is subject to the supervision of an EEA Resolution Authority, (b) any entity established in an EEA Member Country that is a parent of an institution described in
clause (a) of this definition, or (c) any financial institution established in an EEA Member Country that is a subsidiary of an institution described in clauses (a) or (b) of this
definition and is subject to consolidated supervision with its parent. 
 “EEA Member Country” means any of the member
states of the European Union, Iceland, Liechtenstein, and Norway. 
 “EEA Resolution Authority” means any public
administrative authority or any person entrusted with public administrative authority of any EEA Member Country (including any delegee) having responsibility for the resolution of any EEA Financial Institution. 

“Effective Date” has the meaning specified in Section 3.01. 

“Eligible Assignee” means any Person that meets the requirements to be an assignee under
Section 9.07(b)(iii), (v) and (vi) (subject to such consents, if any, as may be required under Section 9.07(b)(iii)). 

“Embargoed Property” means any property (a) in which a Sanctioned Person holds an interest; (b) beneficially owned,
directly or indirectly, by a Sanctioned Person; (c) that is due to or from a Sanctioned Person; (d) that is located in a Sanctioned Country; or (e) that would otherwise cause any actual or possible violation by the Lenders or Agent of
any applicable Anti-Terrorism Law if the Lenders were to obtain an encumbrance on, lien on, pledge of or security interest in such property, or provide services in consideration of such property. 

“EMU Legislation” means the legislative measures of the European Council for the introduction of, changeover to or operation
of a single or unified European currency. 

  
 14 

 “Engagement Letter” means the engagement letter dated June 10, 2022
between the Initial Borrower and the Lead Arrangers. 
 “Environmental Action” means any action, suit, demand, demand
letter, claim, notice of non-compliance or violation, notice of liability or potential liability, investigation, proceeding, consent order or consent agreement relating in any way to any Environmental Law,
Environmental Permit or Hazardous Materials or arising from alleged injury or threat of injury to environment, including, without limitation, (a) by any governmental or regulatory authority for enforcement, cleanup, removal, response, remedial
or other actions or damages and (b) by any governmental or regulatory authority or any third party for damages, contribution, indemnification, cost recovery, compensation or injunctive relief. 

“Environmental Law” means any federal, state, local or foreign statute, law, ordinance, rule, regulation, code, order,
judgment, decree or judicial interpretation relating to pollution or protection of the environment or natural resources, including, without limitation, those relating to the use, handling, transportation, treatment, storage, disposal, release or
discharge of Hazardous Materials. 
 “Environmental Permit” means any permit, approval, identification number, license or
other authorization required under any Environmental Law. 
 “Equity Interests” means (a) shares of capital stock,
partnership interests, membership interests in a limited liability company, beneficial interests in a trust or other equity ownership interests in a Person or (b) any warrants, options or other rights to acquire such shares or interests. 

“Equivalent” in Dollars of any Committed Currency, or in any Committed Currency of Dollars, on any date, means the applicable
rate quoted as the Historical Currency Exchange Rate on the day immediately prior to such date of determination, as determined by OANDA Corporation and made available on its website at http://www.oanda/convert/fxhistory or as determined by an
Issuing Bank, as applicable, through its principal foreign exchange trading office at approximately 11:00 a.m. local time on the date two Business Days prior to the date as of which the foreign exchange computation is made; provided that if
such rate is not available for any reason, the Agent may use any reasonable method it deems appropriate to determine such exchange rate, and such determination shall be conclusive absent manifest error. 

“ERISA” means the Employee Retirement Income Security Act of 1974, as amended from time to time, and the regulations
promulgated and rulings issued thereunder. 
 “ERISA Affiliate” means any Person that for purposes of Title IV of ERISA is
a member of the Company’s controlled group, or under common control with the Company, within the meaning of Section 414 of the Internal Revenue Code. 

“ERISA Event” means (a) (i) the occurrence of a reportable event, within the meaning of Section 4043 of ERISA, with
respect to any Plan unless the 30-day notice requirement with respect to such event has been waived by the PBGC, or (ii) the requirements of subsection (1) of Section 4043(b) of ERISA (without
regard to subsection (2) of such Section) are met with respect to a contributing sponsor, as defined in Section 4001(a)(13) of ERISA, of a Plan, and an event described in paragraph (9), (10), (11), (12) or (13) of Section 4043(c)
of ERISA is reasonably 

  
 15 

 
expected to occur with respect to such Plan within the following 30 days; (b) the application for a minimum funding waiver with respect to a Plan; (c) the provision by the administrator
of any Plan of a notice of intent to terminate such Plan pursuant to Section 4041(a)(2) of ERISA (including any such notice with respect to a plan amendment referred to in Section 4041(e) of ERISA); (d) the cessation of operations at a
facility of the Company or any ERISA Affiliate in the circumstances described in Section 4062(e) of ERISA; (e) the withdrawal by the Company or any ERISA Affiliate from a Multiple Employer Plan during a plan year for which it was a
substantial employer, as defined in Section 4001(a)(2) of ERISA; (f) the conditions for the imposition of a lien under Section 303(k) of ERISA shall have been met with respect to any Plan; (g) a determination that any Plan is in
“at risk” status (within the meaning of Section 303 of ERISA); or (h) the institution by the PBGC of proceedings to terminate a Plan pursuant to Section 4042 of ERISA, or the occurrence of any event or condition described in
Section 4042 of ERISA that constitutes grounds for the termination of, or the appointment of a trustee to administer, a Plan. 

“Erroneous Payment” has the meaning specified in Section 8.11(a). 

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

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

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

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

“Escrow Subsidiary” means a Wholly-Owned Subsidiary (i) created by Holdings or any Subsidiary for the sole purpose of
issuing debt securities the net proceeds of which must be deposited into a secured escrow account of such Subsidiary pending consummation of a permitted acquisition and which debt securities must be redeemed if such permitted acquisition is not
consummated, (ii) engaged in no activities other than those incidental to the issuance of such debt securities, (iii) owning no assets other than amounts that have been deposited into such secured escrow account and (iv) which has
been designated as an Escrow Subsidiary by Holdings’ board of directors as evidenced by a filing with the Agent of (1) a board resolution of Holdings giving effect to such designation and (2) an officers’ certificate certifying
that such designation, and the transactions in which such Subsidiary will engage (including the terms of the debt securities issued by such Subsidiary), comply with the requirements of this definition; provided that if at any time
(x) such Subsidiary ceases to comply with the requirements of this definition or (y) the debt securities become Guaranteed by (or secured by assets of) any Person other than such Subsidiary, such designated Subsidiary shall no longer
constitute an Escrow Subsidiary under this Agreement. 
 “EU Bail-In Legislation
Schedule” means the EU Bail-In Legislation Schedule published by the Loan Market Association (or any successor person), as in effect from time to time. 

“EURIBOR Rate” means, with respect to any Term Benchmark Borrowing denominated in Euros and for any Interest Period, the
EURIBOR Screen Rate, two TARGET Days prior to the commencement of such Interest Period. 

  
 16 

 “EURIBOR Screen Rate” means the euro interbank offered rate administered by
the European Money Markets Institute (or any other person which takes over the administration of that rate) for the relevant period displayed (before any correction, recalculation or republication by the administrator) on page EURIBOR01 of the
Thomson Reuters screen (or any replacement Thomson Reuters page which displays that rate) or on the appropriate page of such other information service which publishes that rate from time to time in place of Thomson Reuters as published at
approximately 11:00 a.m. Brussels time two TARGET Days prior to the commencement of such Interest Period. If such page or service ceases to be available, the Agent may specify another page or service displaying the relevant rate after
consultation with the Company. If the EURIBOR Screen Rate shall be less than the Floor, the EURIBOR Screen Rate shall be deemed to be the Floor for purposes of this Agreement. 

“Euro” and the “€” sign each means the lawful currency of the European Union as constituted by the
Treaty of Rome which established the European Community, as such treaty may be amended from time to time and as referred to in the EMU Legislation. 

“Events of Default” has the meaning specified in Section 6.01. 

“Excluded Assets” has the meaning specified in the Collateral Agreement. 

“Excluded Subsidiary” means (a) any Foreign Subsidiary, or any direct or indirect Subsidiary of any Foreign Subsidiary,
(b) any Finance SPE, (c) any Escrow Subsidiary, (d) any Immaterial Subsidiary, (e) any Unrestricted Subsidiary, (f) any CFC Holdco, (g) any
not-for-profit Subsidiary, (h) any Restricted Subsidiary that (x) is prohibited by (A) any Requirement of Law or (B) any contractual obligation
(other than any contractual obligation in favor of Holdings or any of its Subsidiaries) from providing a Guarantee (provided that in the case of the foregoing clause (B), such contractual obligation exists on the Closing Date or at the
time such Restricted Subsidiary becomes a Subsidiary and shall not have been entered into in contemplation of such Restricted Subsidiary becoming a Subsidiary) or (y) would require a governmental consent, approval, license or authorization
(including any regulatory consent, approval, license or authorization) to provide a Guarantee or other third party (other than a Restricted Subsidiary) consent, approval, license or authorization (unless such consent, approval, license or
authorization has been obtained), (i) any other Restricted Subsidiary with respect to which, in the reasonable judgment of the Agent and the Company, the burden or cost of providing a Guarantee (including any adverse tax consequences) outweighs the
benefits afforded thereby or (j) any Subsidiary that is not a Wholly-Owned Subsidiary; provided, that no Subsidiary shall become an Excluded Subsidiary solely as a result of the relevant Subsidiary ceasing to be a Wholly-Owned Subsidiary
if the related transaction is entered into for the primary purpose of evading the collateral and guarantee requirements hereunder and/or with an Affiliate of the Company and no other justifiable business purpose. 

“Excluded Taxes” means, with respect to any Lender and the Agent, or any other recipient of a payment made by or on account
of any obligation of any Borrower hereunder, (a) income or franchise taxes imposed on (or measured by) its net income (however denominated), or taxes imposed in lieu of such income or franchise taxes, by the United States, or by the
jurisdiction under the laws of which such Lender, such Lender’s Applicable Lending Office or the Agent (as the case may be) is organized or any political subdivision thereof, (b) any branch profits taxes imposed by the United States or any
similar tax imposed by any other jurisdiction described in clause (a), (c) 

  
 17 

 
in the case of a Lender organized under the laws of a jurisdiction outside the United States, any withholding tax imposed on any such payment by the United States to the extent that it is
determined on the basis of laws in effect and tax rates applicable to such Lender at the time such Lender becomes a party to this Agreement (or designates a new Applicable Lending Office) or is attributable to such Lender’s failure to comply
with Section 2.14(e), except to the extent that such Lender, or its assignor, if any, was entitled, at the time of designation of a new Applicable Lending Office or assignment, as applicable, to receive additional amounts
from any Borrower with respect to such withholding tax pursuant to Section 2.14(a) (it being understood and agreed, for the avoidance of doubt, that any withholding tax imposed on such a Lender as a result of a change in
law or regulation or interpretation thereof occurring after the time such Lender became a party to this Agreement shall not be an Excluded Tax) and (d) any U.S. federal withholding Taxes imposed under FATCA. 

“Existing Credit Agreement” means that certain Amended and Restated Credit Agreement, dated as of August 9, 2017 (as
amended by Amendment No. 1 thereto, dated as of February 15, 2018, Amendment No. 2 thereto, dated as of July 31, 2019, Amendment No. 3 thereto, dated as of July 31, 2020 and Amendment No. 4 thereto, dated as of
March 24, 2022), by and among the Initial Borrower, Holdings, the lenders party thereto and Citibank, N.A., as administrative agent. 

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

“Federal Funds Rate” means, for any period, a fluctuating interest rate per annum equal for each day during such period to
the weighted average of the rates on overnight Federal funds transactions with members of the Federal Reserve System, as published for such day (or, if such day is not a Business Day, for the next preceding Business Day) by the Federal Reserve Bank
of New York, or, if such rate is not so published for any day that is a Business Day, the average of the quotations for such day on such transactions received by the Agent from three Federal funds brokers of recognized standing selected by it;
provided that if the Federal Funds Rate shall be less than zero, such rate shall be deemed to be zero for purposes of this Agreement. 

“Federal Reserve Board” means the Board of Governors of the Federal Reserve System of the United States. 

“Finance SPE” means (a) any Receivables SPE and (b) any Subsidiary that (i) is a special purpose financing
vehicle, (ii) was created solely for the purpose of facilitating the incurrences of Debt or issuances of Equity Interests by Holdings or any Subsidiary, (iii) has no business other than the facilitation of such incurrence or issuance and
activities incidental thereto and (iv) is capitalized with an amount not materially more than the cash proceeds received by such Finance SPE from such transaction. 

“Financial Officer” means the chief financial officer or treasurer of Holdings or the Company. 

  
 18 

 “Flood Laws” means the National Flood Insurance Reform Act of 1994 (which
comprehensively revised the National Flood Insurance Act of 1968 and the Flood Disaster Protection Act of 1973) (collectively with amendments and successor acts thereto, including without limitation the Biggert-Waters Flood Insurance Reform Act of
2012) and the rules, regulations and guidance promulgated with respect thereto. 
 “Floor” means a rate of interest equal
to 0.00% per annum. 
 “Foreign Jurisdiction” has the meaning specified in Section 2.14(g). 

“Foreign Subsidiary” means a Subsidiary organized under the laws of a jurisdiction outside the United States. 

“Free Cash Flow” means, for any applicable fiscal year of Holdings and its Restricted Subsidiaries, (x) operating cash
flow less (y) capital expenditures, in each case, as reported by Holdings as an individual line item on the cash flow statement in its Form 10-K that Holdings filed with the SEC for the
immediately prior Free Cash Flow Period. 
 “Free Cash Flow Period” means each fiscal year of Holdings commencing with and
including the fiscal year ending December 31, 2022, but in all cases for purposes of calculating Free Cash Flow shall only include such fiscal years for which financial statements and the related Compliance Certificate have been delivered
pursuant to Section 5.01(i). 
 “Fronting Exposure” means, at any time there is a Defaulting
Lender and with respect to any Issuing Bank, such Defaulting Lender’s Ratable Share of the L/C Obligations with respect to Letters of Credit issued by such Issuing Bank, other than L/C Obligations as to which such Defaulting Lender’s
participation obligation has been reallocated to other Lenders or Cash Collateralized in accordance with the terms hereof. 

“Fund” means any Person (other than a natural Person) that is (or will be) engaged in making, purchasing, holding or
otherwise investing in commercial loans and similar extensions of credit in the ordinary course of its activities. 

“GAAP” has the meaning specified in Section 1.03. 

“Governmental Authority” means the government of the United States of America or any other nation, or of any political
subdivision thereof, whether state or local, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative powers or functions of or
pertaining to government (including any supra-national bodies such as the European Union or the European Central Bank). 

“Guarantee” means, as to any Person, (a) any obligation, contingent or otherwise, of such Person guaranteeing or having
the economic effect of guaranteeing any Debt or other obligation payable or performable by another Person (the “primary obligor”) in any manner, whether directly or indirectly, and including any obligation of such Person, direct or
indirect, (i) to purchase or pay (or advance or supply funds for the purchase or payment of) such Debt or other obligation, (ii) to purchase or lease property, securities or services for the purpose of assuring the obligee in respect

  
 19 

 
of such Debt or other obligation of the payment or performance of such Debt or other obligation, (iii) to maintain working capital, equity capital or any other financial statement condition
or liquidity or level of income or cash flow of the primary obligor so as to enable the primary obligor to pay such Debt or other obligation, or (iv) entered into for the purpose of assuring in any other manner the obligee in respect of such
Debt or other obligation of the payment or performance thereof or to protect such obligee against loss in respect thereof (in whole or in part), or (b) any Lien on any assets of such Person securing any Debt or other obligation of any other
Person, whether or not such Debt or other obligation is assumed by such Person (or any right, contingent or otherwise, of any holder of such Debt to obtain any such Lien); provided that the term “Guarantee” shall not include
endorsements for collection or deposit, in either case in the ordinary course of business, or customary and reasonable indemnity obligations in effect on the Effective Date or entered into in connection with any acquisition or disposition of assets
permitted under this Agreement (other than such obligations with respect to Debt). The amount of any Guarantee shall be deemed to be an amount equal to the stated or determinable amount of the related primary obligation, or portion thereof, in
respect of which such Guarantee is made or, if not stated or determinable, the maximum reasonably anticipated liability in respect thereof as determined by the guaranteeing Person in good faith. The term “Guarantee” as a verb has a
corresponding meaning. 
 “Guarantors” means, collectively, Holdings and the Subsidiary Guarantors. 

“Hazardous Materials” means (a) petroleum and petroleum products, byproducts or breakdown products, radioactive
materials, asbestos-containing materials, polychlorinated biphenyls and radon gas and (b) any other chemicals, materials or substances designated, classified or regulated as hazardous or toxic or as a pollutant or contaminant under any
applicable Environmental Law. 
 “Hedge Bank” means any Person that, at the time it enters into a Swap Contract permitted
hereunder, is a Lender, the Agent or a Lead Arranger or an Affiliate of a Lender, the Agent or a Lead Arranger in its capacity as a party to such Swap Contract. 

“Holdings” has the meaning set forth in the introductory paragraph hereto. 

“Immaterial Subsidiary” means, as of any date, any Restricted Subsidiary that, (a) as of the last date of the most
recent fiscal quarter of Holdings for which financial statements have been delivered, accounts for less than 5.0% of the Consolidated Total Assets of Holdings and its Restricted Subsidiaries on a Consolidated basis, as measured as of the last day of
the most recent fiscal quarter of Holdings for which financial statements have been delivered and (b) does not, directly or indirectly, hold Equity Interests in any Subsidiary that is not an Immaterial Subsidiary as of such date;
provided that if, as of the last date of the most recent fiscal quarter of Holdings for which financial statements have been delivered, the aggregate amount of Consolidated Total Assets attributable to all Restricted Subsidiaries that are
Immaterial Subsidiaries exceeds 10.0% of the Consolidated Total Assets of Holdings and its Restricted Subsidiaries on a Consolidated basis, then a sufficient number of Subsidiaries which are not Excluded Subsidiaries shall be designated by Holdings
(or, in the event Holdings has failed to do so within 20 days, the Agent) to eliminate such excess, and such designated Subsidiaries shall no longer constitute Immaterial Subsidiaries under this Agreement, provided, however, that any
change in a Person’s status as an Immaterial Subsidiary shall become effective as of the date of delivery of the financial statements for such fiscal quarter (or, in the case of the last fiscal quarter of a fiscal year, such fiscal year)
pursuant to Section 5.01(i). 

  
 20 

 “Increase Date” has the meaning specified in
Section 2.18(a). 
 “Increasing Lender” has the meaning specified in
Section 2.18(b). 
 “Incremental Increase Amendment” has the meaning specified in
Section 2.18(d)(ii). 
 “Incremental Lender” has the meaning specified in
Section 2.18(b). 
 “Indemnified Costs” has the meaning specified in
Section 8.05. 
 “Indemnified Party” has the meaning specified in
Section 9.04(b). 
 “Indemnified Taxes” shall mean Taxes other than Excluded Taxes. 

“Initial Borrower” has the meaning set forth in the introductory paragraph hereto. 

“Initial GAAP” has the meaning specified in Section 1.03. 

“Initial Issuing Bank” means each Initial Lender with a Dollar amount set forth opposite such Initial Lender’s name on
Schedule I hereto under the caption “Letter of Credit Commitment”. 
 “Initial Lender” means each Lender
set forth on Schedule I hereto. 
 “Interest Coverage Ratio” means, with respect to any Measurement Period, the
ratio of (a) Consolidated EBITDA for the most recently completed Measurement Period to (b) Consolidated Interest Expense for the most recently completed Measurement Period, in each case, for Holdings and its Restricted Subsidiaries,
calculated on a pro forma basis. 
 “Interest Payment Date” means (a) with respect to any Base Rate Advance,
the last day of each March, June, September and December, (b) with respect to any Term Benchmark Advance, the last day of the Interest Period applicable to the Borrowing of which such Advance is a part and, in the case of a Term Benchmark
Borrowing with an Interest Period of more than three months’ duration, each day prior to the last day of such Interest Period that occurs at intervals of three months’ duration after the first day of such Interest Period and (c) with
respect to any RFR Advance, each date that is on the numerically corresponding day in each calendar month that is three months after the date of the Borrowing of which such Advance is a part; provided that, with respect to any such RFR
Advance, (i) if any such date would be a day other than a Business Day, such date shall be extended to the next succeeding Business Day unless such next succeeding Business Day would fall in the next calendar month, in which case such date
shall be the next preceding Business Day and (ii) the Interest Payment Date with respect to any Borrowing that occurs on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in any
applicable calendar month) shall be the last Business Day of any such succeeding applicable calendar month. 

  
 21 

 “Interest Period” means, as to any Borrowing of Term Benchmark Advances,
the period commencing on the date of such Advance and ending on the numerically corresponding day in the calendar month that is one, three or six months thereafter (in each case, subject to the availability thereof), as specified in the applicable
Notice of Borrowing; provided that (i) if any Interest Period would end on a day other than a Business Day, such Interest Period shall be extended to the next succeeding Business Day unless such next succeeding Business Day would fall in
the next calendar month, in which case such Interest Period shall end on the next preceding Business Day, (ii) any Interest Period that commences on the last Business Day of a calendar month (or on a day for which there is no numerically
corresponding day in the last calendar month of such Interest Period) shall end on the last Business Day of the last calendar month of such Interest Period, (iii) no Interest Period shall extend beyond the Termination Date and (iv) no
tenor that has been removed from this definition pursuant to Section 2.22(d) shall be available for specification in such Notice of Borrowing. For purposes hereof, the date of an Advance initially shall be the date on which
such Advance is made and thereafter shall be the effective date of the most recent conversion or continuation of such Advance. 

“Internal Revenue Code” means the Internal Revenue Code of 1986, as amended from time to time, and the regulations
promulgated and rulings issued thereunder. 
 “Investment” means, as to any Person, any direct or indirect acquisition or
investment by such Person, whether by means of (a) the purchase or other acquisition of Equity Interests of another Person, (b) the purchase or other acquisition of assets of another Person if such assets constitute a business, division or
operating unit (other than purchases or other acquisitions of inventory, materials, supplies and/or equipment in the ordinary course of business), (c) a loan, advance or capital contribution to, Guarantee or assumption of Debt of, or purchase or
other acquisition of any other debt or interest in, another Person, or (d) the purchase or other acquisition (in one transaction or a series of transactions) of assets of another Person that constitute a business unit. 

“IP Company” has the meaning specified in Section 5.02(i). 

“IP Rights” has the meaning specified in Section 4.01(o). 

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

“issuance” or “issue” with respect to any Letter of Credit means and includes the issuance, amendment,
renewal or extension of such Letter of Credit. 
 “Issuing Bank” means an Initial Issuing Bank or any Eligible Assignee to
which a portion of the Letter of Credit Commitment hereunder has been assigned pursuant to Section 9.07 or any other Lender that agrees with the Company that it shall be an Issuing Bank so long as such Eligible Assignee or
Lender expressly agrees to perform in accordance with their terms all of the obligations that by the terms of this Agreement are required to be performed by it as an Issuing Bank and notifies the Agent of its Letter of Credit Commitment, for so long
as such Initial Issuing Bank, Eligible Assignee or Lender, as the case may be, shall have a Letter of Credit Commitment. 

  
 22 

 “L/C Cash Deposit Account” means an interest bearing cash deposit account
to be established and maintained by the Agent, over which the Agent shall have sole dominion and control, upon terms as may be satisfactory to the Agent. 

“L/C Obligations” means, as of any date, the aggregate Available Amount of outstanding Letters of Credit and Advances made by
an Issuing Bank in accordance with Section 2.03(c) that have not been funded by the Lenders and, in the case of any Letters of Credit denominated in any Committed Currency, shall be the Equivalent in Dollars of such amount,
determined as of the third Business Day prior to such date. For all purposes of this Agreement, if on any date of determination a Letter of Credit has expired by its terms but any amount may still be drawn thereunder by reason of the operation of
Rule 3.14 of the ISP, such Letter of Credit shall be deemed to be “outstanding” in the amount so remaining available to be drawn. 

“L/C Related Documents” has the meaning specified in Section 2.06(b)(i). 

“Lead Arrangers” means Citibank, N.A., Mizuho Bank, Ltd., Crédit Agricole Corporate and Investment Bank, Truist
Securities, Inc. and The Bank of Nova Scotia, each in its respective capacity as a joint lead arranger and joint bookrunner. 

“Lease” means any and all leases, subleases, tenancies, options, concession agreements, rental agreements, occupancy
agreements, franchise agreements, access agreements and any other agreements (including all amendments, extensions, replacements, renewals, modifications and/or guarantees thereof), whether or not of record and whether now in existence or hereafter
entered into, affecting the use or occupancy of all or any portion of any Real Property. 
 “Lender Insolvency Event” means
that (a) a Lender or its Parent Company is adjudicated as, or determined by any Governmental Authority having regulatory authority over such Person or its assets to be, insolvent, or is generally unable to pay its debts as they become due, or
admits in writing its inability to pay its debts as they become due, or makes a general assignment for the benefit of its creditors, or (b) such Lender or its Parent Company is the subject of a bankruptcy, insolvency, reorganization,
liquidation or similar proceeding, or a receiver, trustee, conservator, intervenor or sequestrator or the like has been appointed for such Lender or its Parent Company, or such Lender or its Parent Company has taken any action in furtherance of or
indicating its consent to or acquiescence in any such proceeding or appointment or (c) such Lender or its Parent Company has become the subject of a Bail-In Action. 

“Lender Presentation” means the lender presentation dated June 2022 used by the Lead Arrangers in connection with the
syndication of the Commitments. 
 “Lenders” means each Initial Lender, each Issuing Bank, each Incremental Lender that
shall become a party hereto pursuant to Section 2.18 and each Person that shall become a party hereto pursuant to Section 9.07. 

“Letter of Credit” has the meaning specified in Section 2.01(b). 

“Letter of Credit Agreement” has the meaning specified in Section 2.03(a). 

  
 23 

 “Letter of Credit Commitment” means, with respect to each Issuing Bank, the
obligation of such Issuing Bank to issue Letters of Credit for the account of Holdings, the Company or specified Restricted Subsidiaries in (a) on the Effective Date, the Dollar amount set forth opposite the Issuing Bank’s name on
Schedule I hereto under the caption “Letter of Credit Commitment” or (b) if such Initial Issuing Bank has entered into one or more Assignment and Assumptions and for each other Issuing Bank, the Dollar amount set forth for such
Issuing Bank in the Register maintained by the Agent pursuant to Section 9.07(c) as such Issuing Bank’s “Letter of Credit Commitment”, in each case as such amount may be reduced prior to such time pursuant to
Section 2.05. 
 “Letter of Credit Facility” means, at any time, an amount equal to the least of
(a) the aggregate amount of the Issuing Banks’ Letter of Credit Commitments at such time, (b) $150,000,000 and (c) the aggregate amount of the Revolving Credit Commitments, as such amount may be reduced at or prior to such time
pursuant to Section 2.05. 
 “Lien” means any lien, security interest or other charge or
encumbrance of any kind, or any other type of preferential arrangement, including, without limitation, the lien or retained security title of a conditional vendor and any easement, right of way or other encumbrance on title to Real Property. 

“Loan Documents” means this Agreement, including without limitation, schedules and exhibits hereto, the Collateral Documents,
and any agreements entered into by any Loan Party with or in favor of the Agent and/or the Lenders in connection with this Agreement, including the Agency Fee Letter and any promissory notes delivered pursuant to
Section 2.16 and any amendments, modifications or supplements thereto or waivers thereof. 
 “Loan
Parties” means, collectively, the Borrowers and the Guarantors. 
 “Material Adverse Change” means any material
adverse change in the business, assets, operations or condition (financial or otherwise) of Holdings and its Subsidiaries, taken as a whole. 

“Material Adverse Effect” means a material adverse effect on (a) the business, assets, operations or condition
(financial or otherwise) of Holdings and its Subsidiaries, taken as a whole, (b) the rights and remedies of the Agent or any Lender under this Agreement or any Note or (c) the ability of any Borrower to perform its monetary obligations
under this Agreement or any Note. 
 “Material Real Property” means any parcel of Real Property in the United States now or
hereafter owned in fee by any Loan Party that is not located in a designated “flood hazard area” in any flood insurance rate map published by the Federal Emergency Management Agency (or any successor agency) and together with any
improvements thereon, individually has a fair market value of at least $5,000,000 as reasonably estimated by the Company in good faith; provided, however, that one or more parcels owned in fee by a Loan Party and located adjacent to,
contiguous with or in close proximity to such other parcels and comprising one property may, in the reasonable discretion of the Agent, be deemed to be one parcel for the purposes of this definition. 

“Material Subsidiary” means any Subsidiary that is not an Immaterial Subsidiary. 

“Maximum Rate” has the meaning specified in Section 9.21. 

  
 24 

 “Measurement Period” means, at any date of determination, the most recently
completed four fiscal quarters of Holdings for which financial statements have been delivered pursuant to Section 5.01(i). 

“Mortgage” means an agreement, including, but not limited to, a fee mortgage, deed of trust, deeds to secure debt, assignment
of rents and leases or any other document, creating and evidencing a Lien on a Mortgaged Property and delivered pursuant to Section 5.01(l), as may be amended, modified, supplemented, extended and/or consolidated from time
to time, which shall be in form reasonably satisfactory to the Agent, with such schedules and including such provisions as shall be necessary to conform such document to applicable local law or as shall be customary under applicable local law. 

“Mortgaged Property” means each Material Real Property that is subject to a Mortgage. 

“Multiemployer Plan” means a multiemployer plan, as defined in Section 4001(a)(3) of ERISA, to which the Company or any
ERISA Affiliate is making or accruing an obligation to make contributions, or has within any of the preceding five plan years made or accrued an obligation to make contributions. 

“Multiple Employer Plan” means a single employer plan, as defined in Section 4001(a)(15) of ERISA, that (a) is
maintained for employees of the Company or any ERISA Affiliate and at least one Person other than the Company and the ERISA Affiliates or (b) was so maintained and in respect of which the Company or any ERISA Affiliate could have liability
under Section 4064 or 4069 of ERISA in the event such plan has been or were to be terminated. 
 “Net Debt for Borrowed
Money” means, as of any date, Debt for Borrowed Money minus the lesser of (a) Unrestricted Cash as of such date and (b) $1,000,000,000. 

“Non-Approving Lender” has the meaning specified in
Section 2.21(b). 
 “Non-Defaulting Lender” means, at any
time, a Lender that is not a Defaulting Lender. 
 “Non-Recourse Debt” means Debt:

 (a) as to which neither Holdings nor any of its Restricted Subsidiaries (i) provides credit support of any kind (including any
undertaking, agreement or instrument that would constitute Debt), or (ii) is directly or indirectly liable as a guarantor or otherwise; and 

(b) default with respect to which (including any rights that the holders thereof may have to take enforcement action against an Unrestricted
Subsidiary) would not permit upon notice, lapse of time or both any holder of any other Debt (other than the Obligations) of Holdings or any of its Restricted Subsidiaries to declare a default on such other Debt or cause the payment thereof to be
accelerated or payable prior to its stated maturity. 
 “Note” means a promissory note of any Borrower payable to the order
of any Lender, delivered pursuant to a request made under Section 2.16 in substantially the form of Exhibit A hereto, evidencing the aggregate indebtedness of such Borrower to such Lender resulting from the Advances
made by such Lender to such Borrower. 

  
 25 

 “Notice of Borrowing” has the meaning specified in
Section 2.02(a). 
 “Notice of Issuance” has the meaning specified in
Section 2.03(a). 
 “Obligations” means all advances to, and debts, liabilities, obligations,
covenants, duties and Erroneous Payment Subrogation Rights of, any Loan Party arising under any Loan Document or otherwise with respect to any Advance, Letter of Credit, Secured Cash Management Agreement or Secured Hedge Agreement, in each case,
whether direct or indirect (including those acquired by assumption), absolute or contingent, due or to become due, now existing or hereafter arising and including interest and fees that accrue after the commencement by or against any Loan Party or
any Affiliate thereof of any proceeding under any Debtor Relief Laws naming such Person as the debtor in such proceeding, regardless of whether such interest and fees are allowed claims in such proceeding. Notwithstanding the foregoing, Obligations
of any Guarantor shall in no event include any Excluded Swap Obligations (as defined in the Collateral Agreement) of such Guarantor. 

“Other Taxes” has the meaning specified in Section 2.14(b). 

“PARC” means Palo Alto Research Center, Inc., a Delaware corporation. 

“Parent Company” means, with respect to a Lender, the bank holding company (as defined in Federal Reserve Board Regulation
Y), if any, of such Lender, or if such Lender does not have a bank holding company, then any corporation, association, partnership or other business entity owning, beneficially or of record, directly or indirectly, a majority of the shares of such
Lender. 
 “Participant” has the meaning specified in Section 9.07(d). 

“Participant Register” has the meaning specified in Section 9.07(d). 

“Patriot Act” means the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct
Terrorism Act of 2001, Pub. L. 107-56, signed into law October 26, 2001. 
 “Payment
Office” means, for any Committed Currency, such office of Citibank as shall be from time to time selected by the Agent and notified by the Agent to the Company and the Lenders. 

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

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

“Perfection Certificate” means a perfection certificate substantially in the form of Exhibit G
hereto duly executed and delivered by the Grantors (as defined in the Collateral Agreement) (a) on the date hereof or (b) after the date hereof pursuant to the terms of this Agreement and the Collateral Agreement. 

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

  
 26 

 “Permitted Liens” means: (a) Liens for taxes, assessments and
governmental charges or levies to the extent not required to be paid under Section 5.01(b) hereof; (b) Liens imposed by law, such as warehouseman’s, landlord’s, materialmen’s, mechanics’,
carriers’, workmen’s and repairmen’s Liens and other similar Liens arising in the ordinary course of business; (c) pledges or deposits and other Liens arising or otherwise to secure obligations under workers’ compensation,
unemployment insurance and other social security laws or regulations or similar legislation or to secure public or statutory obligations or to secure payments of workers’ compensation or unemployment insurance; (d) easements, rights of
way, restrictions, encroachments and other encumbrances on title to Real Property and minor title defects that do no individually or in the aggregate materially interfere with the ordinary course of the business of the applicable Loan Parties;
(e) deposits or other Liens to secure the performance of bids, contracts (other than for Debt), leases, statutory obligations, performance bonds and other obligations of a like nature incurred in the ordinary course of business, or to secure
surety and appeal bonds and other obligations of a like nature; (f) liens arising from judgments or awards not otherwise constituting an Event of Default; (g) security given in the ordinary course of business consistent with past practice
to any public utility or Governmental Authority or in favor of a prime contractor under a government contract in connection with the operation of the business, other than security for borrowed money; (h) the filing of a precautionary financing
statement (or similar filing) in connection with an operating lease or consignment; and (i) deposits securing letters of credit or similar instruments issued in support of any obligation referred to in clauses (a) through (i)
above. 
 “Permitted Refinancing” means, with respect to any Person, any modification, refinancing, refunding, renewal or
extension of any Debt of such Person; provided that (a) the principal amount (or accreted value, if applicable) thereof does not exceed the principal amount (or accreted value, if applicable) of the Debt so modified, refinanced,
refunded, renewed or extended except by an amount equal to unpaid accrued interest and premium thereon plus other reasonable amounts paid, and fees and expenses reasonably incurred, in connection with such modification, refinancing,
refunding, renewal or extension and by an amount equal to any existing commitments unutilized thereunder (and, for the avoidance of doubt, if such principal amount (or accreted value, if applicable) is exceeded, such excess amount is otherwise
permitted to be incurred hereunder), (b) such modification, refinancing, refunding, renewal or extension has a final maturity date equal to or later than the final maturity date of, and has a Weighted Average Life to Maturity equal to or greater
than the remaining Weighted Average Life to Maturity of, the Debt being modified, refinanced, refunded, renewed or extended, (c) at the time thereof, no Event of Default shall have occurred and be continuing, (d) if such Debt being
modified, refinanced, refunded, renewed or extended is subordinated in right of payment to the Obligations, such modification, refinancing, refunding, renewal or extension is subordinated in right of payment to the Obligations on terms at least as
favorable to the Lenders as those contained in the documentation governing the Debt being modified, refinanced, refunded, renewed or extended, (e) if such Debt being modified, refinanced, refunded, renewed or extended is secured, the terms and
conditions relating to collateral of any such modified, refinanced, refunded, renewed or extended indebtedness, taken as a whole, are not materially less favorable to the Loan Parties or the Lenders than the terms and conditions with respect to the
collateral for the Debt being modified, refinanced, refunded, renewed or extended, taken as a whole, and the Liens on any Collateral securing any such modified, refinanced, refunded, renewed or extended Debt shall have the same (or lesser) priority
relative to the Liens on the Collateral securing the Obligations and, if secured by the Collateral, the holders of such Debt or a representative thereof shall be or become a party to an intercreditor agreement that is reasonably acceptable to the
Agent, (f) if such Debt being modified, refinanced, refunded, renewed or extended was unsecured, such modification, refinancing, refunding, renewal or extension shall also be unsecured and (g) such modification, refinancing, refunding,
renewal or extension is incurred by one or more Persons who is an obligor of the Debt being modified, refinanced, refunded, renewed or extended. 

  
 27 

 “Person” means an individual, partnership, corporation (including a
business trust), joint stock company, trust, unincorporated association, joint venture, limited liability company or other entity, or a government or any political subdivision or agency thereof. 

“Plan” means a Single Employer Plan or a Multiple Employer Plan. 

“Platform” has the meaning specified in Section 9.02(d)(i). 

“Primary Currency” has the meaning specified in Section 9.12(c). 

“Proceeding” has the meaning specified in Section 9.04(b). 

“Protected Party” has the meaning specified in Section 9.04(d). 

“Protesting Lender” has the meaning specified in Section 9.09(a). 

“PTE” means a prohibited transaction class exemption issued by the U.S. Department of Labor, as any such exemption may be
amended from time to time. 
 “Qualified Equity Securities” means any Equity Interest that is not Disqualified Equity
Securities. 
 “Qualified Receivables Transaction” means any transaction or arrangement or series of transactions or
arrangements entered into by Holdings or any of its Subsidiaries in order to monetize or otherwise finance, or as a result of which it may receive earlier than otherwise due amounts that will become receivable or be earned in the future in respect
of, a discrete pool (which may be fixed or revolving) of Receivables, leases or other financial assets including financing contracts and any transaction or arrangement that is not a sale or transfer but pursuant to and by virtue of which a Person
succeeds to, and becomes entitled to, the rights under or in respect of such Receivables, leases or other financial assets (in each case whether now existing or arising in the future), and which may include a Lien on (a) Receivables, (b)
deposit or other accounts (and the funds or investments from time to time credited thereto) established in connection with a Qualified Receivables Transaction to secure obligations of Holdings or any Subsidiary arising in connection with or
otherwise related to such transaction, (c) any promissory note issued by Holdings or any Subsidiary evidencing the repayment of amounts directly or indirectly distributed to Holdings or any Subsidiary from any such accounts and (d) any
assets of or Equity Interests in each and any Receivables SPE used to facilitate such transaction. 
 “Ratable Share” of
any amount means, with respect to any Lender at any time, the product of such amount times a fraction the numerator of which is the amount of such Lender’s Revolving Credit Commitment at such time (or, if the Revolving Credit Commitments
shall have been terminated pursuant to Section 2.05 or 6.01, such Lender’s Revolving Credit Commitment as in effect immediately prior to such termination) and the denominator of which is the aggregate amount of
all Revolving Credit Commitments at such time (or, if the Revolving Credit Commitments shall have been terminated pursuant to Section 2.05 or 6.01, the aggregate amount of all Revolving Credit Commitments as in
effect immediately prior to such termination). 

  
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 “Real Property” means, collectively, all right, title and interest
(including any leasehold, mineral or other estate) in and to any and all parcels of or interests in Real Property owned, leased or operated by any Person, whether by lease, license or other means, together with, in each case, all easements,
hereditaments and appurtenances relating thereto, all improvements and appurtenant fixtures and equipment, all general intangibles and contract rights and other property and rights incidental to the ownership, lease or operation thereof. 

“Receivables” means “accounts” (as such term is defined in the Uniform Commercial Code as in effect from time to
time in the State of New York (or, if by reason of mandatory provisions of law, the Uniform Commercial Code as in effect in a jurisdiction other than New York) or the Personal Property Security Act in effect in each of the provinces or territories
in Canada (other than Quebec) to the extent applicable, including the proceeds of inventory to the extent it also constitutes an account), “claims” as such term is defined in the Civil Code of Quebec to the extent applicable, book debts
and any other existing or hereafter arising accounts receivable, Lease receivables, finance receivables, service receivables and supply receivables and any property or assets (including equipment, inventory, software, leases and servicing contracts)
related thereto. 
 “Receivables SPE” means a Subsidiary that is a special purpose entity that (a) borrows against
Receivables or purchases, leases or otherwise acquires Receivables or sells, disposes, assigns, leases, conveys or otherwise transfers Receivables to one or more third party purchasers or another Receivables SPE in connection with a Qualified
Receivables Transaction, (b) engages in other activities that are necessary or desirable to effectuate the activities described in the definitions of Qualified Receivables Transaction or Third-Party Vendor Financing Program or (c) is
established or then used solely for the purpose of, and has no business other than, owning a Receivables SPE, servicing Receivables owned by a Receivables SPE, owning or holding title to the property or assets giving rise to such Receivables or any
activities incidental thereto (including those described in the definitions of Qualified Receivables Transaction or Third-Party Vendor Financing Program); provided, that a Receivables SPE shall not be required to be a special purpose entity
if it is a Foreign Subsidiary. 
 “Refinancing” has the meaning specified in Section 3.01(c).

 “Register” has the meaning specified in Section 9.07(c). 

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

  
 29 

 “Relevant Governmental Body” means (a) with respect to a Benchmark
Replacement in respect of Dollars, the Board of Governors of the Federal Reserve System or the Federal Reserve Bank of New York, or a committee officially endorsed or convened by the Board of Governors of the Federal Reserve System or the Federal
Reserve Bank of New York, or any successor thereto and (b) with respect to a Benchmark Replacement in respect of any Committed Currency, (1) the central bank for the currency in which such amounts are denominated hereunder or any central
bank or other supervisor which is responsible for supervising either (A) such Benchmark Replacement or (B) the administrator of such Benchmark Replacement or (2) any working group or committee officially endorsed or convened by
(A) the central bank for the currency in which such amounts are denominated, (B) any central bank or other supervisor that is responsible for supervising either (i) such Benchmark Replacement or (ii) the administrator of such
Benchmark Replacement, (C) a group of those central banks or other supervisors or (D) the Financial Stability Board or any part thereof. 

“Removal Effective Date” has the meaning specified in Section 8.07(b). 

“Required Lenders” means at any time Lenders owed at least a majority in interest of the then aggregate unpaid principal
amount (based on the Equivalent in Dollars at such time) of the Advances owing to Lenders, or, if no such principal amount is then outstanding, Lenders having at least a majority in interest of the Revolving Credit Commitments; provided that
if any Lender shall be a Defaulting Lender at such time, there shall be excluded from the determination of Required Lenders at such time the Revolving Credit Commitments of such Lender at such time. 

“Resignation Effective Date” has the meaning specified in Section 8.07(a). 

“Resolution Authority” means an EEA Resolution Authority or, with respect to any UK Financial Institution, a UK Resolution
Authority. 
 “Responsible Officers” means the chief executive officer, any Financial Officer, the controller and the
general counsel of Holdings or the Company. 
 “Restricted Payment” means any dividend, other distribution or other payment
(whether in cash, securities or other property) with respect to any capital stock or other Equity Interest of any Person or any of its Subsidiaries, or any payment (whether in cash, securities or other property), including any sinking fund or
similar deposit, on account of the purchase, redemption, retirement, defeasance, acquisition, cancellation or termination of any such capital stock or other Equity Interest, or on account of any return of capital to any Person’s shareholders,
partners or members (or the equivalent of any thereof) or any option, warrant or other right to acquire any such dividend or other distribution or payment. 

“Restricted Subsidiary” means any Subsidiary other than an Unrestricted Subsidiary. 

“Revolving Credit Commitment” means, as to any Lender, (a) the Dollar amount set forth opposite such Lender’s name
on Schedule I hereto as such Lender’s “Revolving Credit Commitment”, (b) if such Lender has become a Lender hereunder pursuant to an Incremental Increase Amendment, the Dollar amount set forth in such Incremental Increase
Amendment or (c) if such Lender has entered into an Assignment and Assumption, the Dollar amount set forth for such Lender in the Register maintained by the Agent pursuant to Section 9.07(c), as such amount may be
reduced pursuant to Section 2.05 or increased pursuant to Section 2.18. As of the Effective Date, the aggregate amount of the Revolving Credit Commitments is $500,000,000, as set forth on
Schedule I. 

  
 30 

 “RFR” means, for any Obligations, interest, fees, commissions or other
amounts denominated in, or calculated with respect to (a) Dollars, Daily Simple SOFR, (b) Sterling, SONIA, and (c) Yen, TONAR. 

“RFR Advance” means an Advance that bears interest as provided in Section 2.07(a)(iii). 

“RFR Business Day” means, for any Obligations, interest, fees, commissions or other amounts denominated in, or calculated
with respect to, (a) Sterling, any day except for (i) a Saturday, (ii) a Sunday or (iii) a day on which banks are closed for general business in London and (b) Yen, any day except for (i) a Saturday, (ii) a Sunday
or (iii) a day on which banks are closed for general business in Tokyo. 
 “RFR Rate Day” has the meaning assigned to
such term in the definition of “Daily Simple RFR”. 
 “Sanctioned Country” means, at any time, a country, region
or territory which is the subject or target of any Sanctions (including, but not limited to, Cuba, Iran, North Korea, Syria, the Crimea region of Ukraine, the so-called Donetsk People’s Republic, and the so-called Luhansk People’s Republic). 
 “Sanctioned Person” means, at any time,
(a) any Person listed in any Sanctions-related list of designated Persons maintained by the Office of Foreign Assets Control of the U.S. Department of the Treasury, the U.S. Department of State, or by the United Nations Security Council, the
European Union or any EU member state, (b) any Person operating, organized or resident in a Sanctioned Country or (c) any Person controlled by any such Person. 

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

“Secured Cash Management Agreement” means any Cash Management Agreement that is entered into by and between Holdings
or any of its Restricted Subsidiaries and any Cash Management Bank. 
 “Secured Hedge Agreement” means any interest rate,
currency or commodity Swap Contract permitted under this Agreement that is entered into by and between Holdings or any of its Restricted Subsidiaries and any Hedge Bank. 

“Secured Parties” means, collectively, the Agent, the Lenders, the Issuing Banks, with respect to any Secured Cash Management
Agreement, the Cash Management Banks, with respect to any Secured Hedge Agreement, the Hedge Banks, each co-agent or sub-agent appointed by the Agent from time to time
pursuant to Section 8.06, and the other Persons the Obligations owing to which are or are purported to be secured by the Collateral under the terms of the Collateral Documents. 

  
 31 

 “Single Employer Plan” means a single employer plan, as defined in
Section 4001(a)(15) of ERISA, that (a) is maintained for employees of the Company or any ERISA Affiliate and no Person other than the Company and the ERISA Affiliates or (b) was so maintained and in respect of which the Company or any
ERISA Affiliate could have liability under Section 4069 of ERISA in the event such plan has been or were to be terminated. 

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

“SOFR Administrator” means the Federal Reserve Bank of New York (or a successor administrator of the secured overnight
financing rate). 
 “Solvent” and “Solvency” mean, with respect to any Person on any date of
determination, that on such date (a) the fair value of the property of such Person is greater than the total amount of liabilities, including contingent liabilities, of such Person, (b) the present fair salable value of the assets of such
Person is not less than the amount that will be required to pay the probable liability of such Person on its debts as they become absolute and matured, (c) such Person does not intend to, and does not believe that it will, incur debts or
liabilities beyond such Person’s ability to pay such debts and liabilities as they mature, (d) 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 an unreasonably small capital, and (e) such Person is able to pay its debts and liabilities, contingent obligations and other commitments as they mature in the ordinary course of business. The amount of contingent
liabilities at any time shall be computed as the amount that, in light of all the facts and circumstances existing at such time, represents the amount that can reasonably be expected to become an actual or matured liability. 

“SONIA” means, with respect to any RFR Business Day, a rate per annum equal to the Sterling Overnight Index Average for such
Business Day published by the SONIA Administrator on the SONIA Administrator’s Website on the immediately succeeding RFR Business Day. 

“SONIA Administrator” means the Bank of England (or any successor administrator of the Sterling Overnight Index Average).

 “SONIA Administrator’s Website” means the Bank of England’s website, currently at
http://www.bankofengland.co.uk, or any successor source for the Sterling Overnight Index Average identified as such by the SONIA Administrator from time to time. 

“Sterling” and the “£” sign each means lawful currency of the United Kingdom. 

“Sub-Agent” means Citibank International plc. 

“Subsidiary” of any Person means any corporation, partnership, joint venture, limited liability company, or other business
entity of which (or in which) (a) more than 50% of the issued and outstanding capital stock, securities or other ownership interests having ordinary voting power or (b) in the case of a partnership, more than 50% of the partnership
interests, are, in each case, at the time directly or indirectly owned or Controlled by such Person, by such Person and one or more of its other Subsidiaries or by one or more of such Person’s other Subsidiaries. 

  
 32 

 “Subsidiary Guarantors” means, collectively, each existing and future
direct or indirect Subsidiary of Holdings (other than the Initial Borrower and any Excluded Subsidiary) that is a party (whether originally or by the execution of a joinder) to the Collateral Agreement. 

“Survey” means a survey of any Mortgaged Property (and all improvements thereon) which is: 

(a) prepared by a surveyor or engineer licensed to perform surveys in the jurisdiction where such Mortgaged Property is located; 

(b) dated (or redated) not earlier than six months prior to the date of delivery thereof unless there shall have occurred within six months
prior to such date of delivery any exterior construction on the site of such Mortgaged Property or any easement, right of way or other interest in the Mortgaged Property has been granted or become effective through operation of law or otherwise with
respect to such Mortgaged Property which, in either case, can be depicted on a survey, in which events, as applicable, such survey shall be dated (or redated) after the completion of such construction or if such construction shall not have been
completed as of such date of delivery, not earlier than 20 days prior to such date of delivery, or after the grant or effectiveness of any such easement, right of way or other interest in the Mortgaged Property; 

(c) certified by the surveyor (in a manner reasonably acceptable to the Agent) to the Agent and the Title Company; 

(d) complying in all material respects with the minimum detail requirements of the American Land Title Association as such requirements are in
effect on the date of preparation of such survey; 
 (e) sufficient for the Title Company to remove all standard survey exceptions from the
title insurance policy (or commitment) relating to such Mortgaged Property and issue the endorsements of the type required by Section 5.01(l); or 

(f) otherwise reasonably acceptable to the Agent. 

“Swap Contract” means (a) any and all rate swap transactions, basis swaps, credit derivative transactions, forward rate
transactions, commodity swaps, commodity options, forward commodity contracts, equity or equity index swaps or options, bond or bond price or bond index swaps or options or forward bond or forward bond price or forward bond index transactions,
interest rate options, forward foreign exchange transactions, cap transactions, floor transactions, collar transactions, currency swap transactions, cross-currency rate swap transactions, currency options, spot contracts, or any other similar
transactions or any combination of any of the foregoing (including any options to enter into any of the foregoing), whether or not any such transaction is governed by or subject to any master agreement, and (b) any and all transactions of any
kind, and the related confirmations, which are subject to the terms and conditions of, or governed by, any form of master agreement published by the International Swaps and Derivatives Association, Inc., any International Foreign Exchange Master
Agreement, or any other similar master agreement relating to a transaction described in clause (a) (any such master agreement, together with any related schedules, a “Master Agreement”), including any such obligations or
liabilities under any Master Agreement. 

  
 33 

 “TARGET Day” means any day on which the Trans-European Automated Real-time
Gross Settlement Express Transfer (TARGET) payment system (or, if such payment system ceases to be operative, such other payment system (if any) determined by the Agent to be a suitable replacement) is open for the settlement of payments in Euro.

 “Taxes” means any and all present or future taxes, levies, imposts, deductions, charges or withholdings, and all
liabilities with respect thereto. 
 “Term Benchmark” when used in reference to any Advance, refers to whether such Advance
is bearing interest at a rate determined by reference to Term SOFR, the EURIBOR Rate or the CDO Rate. 
 “Term Benchmark
Advance” means an Advance that bears interest as provided in Section 2.07(a)(ii). 
 “Term
SOFR” means, 
 (a) for any calculation with respect to a Term SOFR Advance, the Term SOFR Reference Rate for a tenor comparable to
the applicable Interest Period on the day (such day, the “Periodic Term SOFR Determination Day”) that is two (2) U.S. Government Securities Business Days prior to the first day of such Interest Period, as such rate is published
by the Term SOFR Administrator; provided, however, that if as of 5:00 p.m. (New York City time) on any Periodic Term SOFR Determination Day the Term SOFR Reference Rate for the applicable tenor has not been published by the Term SOFR
Administrator and a Benchmark Replacement Date with respect to the Term SOFR Reference Rate has not occurred, then Term SOFR will be the Term SOFR Reference Rate for such tenor as published by the Term SOFR Administrator on the first preceding U.S.
Government Securities Business Day for which such Term SOFR Reference Rate for such tenor was published by the Term SOFR Administrator so long as such first preceding U.S. Government Securities Business Day is not more than three (3) U.S.
Government Securities Business Days prior to such Periodic Term SOFR Determination Day, and 
 (b) for any calculation with respect to a
Base Rate Advance on any day, the Term SOFR Reference Rate for a tenor of one month on the day (such day, the “Base Rate Term SOFR Determination Day”) that is two (2) U.S. Government Securities Business Days prior to such day,
as such rate is published by the Term SOFR Administrator; provided, however, that if as of 5:00 p.m. (New York City time) on any Base Rate Term SOFR Determination Day the Term SOFR Reference Rate for the applicable tenor has not been
published by the Term SOFR Administrator and a Benchmark Replacement Date with respect to the Term SOFR Reference Rate has not occurred, then Term SOFR will be the Term SOFR Reference Rate for such tenor as published by the Term SOFR Administrator
on the first preceding U.S. Government Securities Business Day for which such Term SOFR Reference Rate for such tenor was published by the Term SOFR Administrator so long as such first preceding U.S. Government Securities Business Day is not more
than three (3) U.S. Government Securities Business Days prior to such Base Rate Term SOFR Determination Day; provided, further, that if Term SOFR determined as provided above (including pursuant to the proviso under clause
(a) or clause (b) above) shall ever be less than the Floor, then Term SOFR shall be deemed to be the Floor. 

  
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 “Term SOFR Administrator” means CME Group Benchmark Administration Limited
(CBA) (or a successor administrator of the Term SOFR Reference Rate selected by the Agent in its reasonable discretion). 
 “Term
SOFR Reference Rate” means the forward-looking term rate based on SOFR. 
 “Termination Date” means the earlier of
(a) July 7, 2024, (b) the date of termination in whole of the Commitments pursuant to Section 2.05(a) or 6.01 or (c) as to any Lender who becomes a Defaulting Lender, the date of termination of such
Defaulting Lender’s Commitments pursuant to Section 2.05(b); provided, that if on the date that is 91 days prior to the final scheduled maturity date of the Company’s 2023 Senior Notes (the
“Springing Maturity Date”), the outstanding aggregate principal amount of the 2023 Senior Notes exceeds $300,000,000, then the Commitments shall terminate and any Advances will mature on the Springing Maturity Date. 

“Third-Party Vendor Financing Program” means each and any arrangement by Holdings or any Subsidiary of third-party vendor
financing directly or indirectly for customers of Holdings and its Subsidiaries, including (a) the sale of a financing business, (b) sales, dispositions, assignments, leases, licenses, conveyances or other transfers of all or any portion
of the business of, and assets relating to the business of, providing billing, collection and other services in respect of finance, lease and other Receivables, (c) Qualified Receivables Transactions and (d) other arrangements for the
indirect financing of Receivables wherein a third-party financier makes loans to Subsidiaries that are Finance SPEs in respect of Receivables generated by Holdings and its Subsidiaries, whether generated prior to or during such arrangements and
whether the relevant transaction is treated as on or off Holdings’ Consolidated balance sheet. 
 “Title Company”
means Fidelity National Title Insurance Company or any other title insurance company as shall be retained by the Company and reasonably acceptable to the Agent. 

“Title Policy” shall have the meaning assigned to such term in Section 5.01(l). 

“TONAR” means a rate equal to the Tokyo Overnight Average Rate as administered by the TONAR Administrator. 

“TONAR Administrator” means the Bank of Japan (or any successor administrator of the Tokyo Overnight Average Rate). 

“TONAR Administrator’s Website” means the Bank of Japan’s website, currently at http://www.boj.or.jp, or any
successor source for the Tokyo Overnight Average Rate identified as such by the TONAR Administrator from time to time. 
 “Total Net
Leverage Ratio” means, with respect to any Measurement Period, the ratio of (a) Net Debt for Borrowed Money as of the last day of such Measurement Period to (b) Consolidated EBITDA for the most recently completed Measurement
Period, in each case, for Holdings and its Restricted Subsidiaries, calculated on a pro forma basis. 
 “Type”, when
used in reference to any Advance, refers to whether the rate of interest on such Advance is determined by reference to any (a) Base Rate, (b) Term Benchmark or (c) RFR. 

  
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 “UCC” means the Uniform Commercial Code as in effect from time to time in
the State of New York; provided that if perfection or the effect of perfection or non-perfection or the priority of any security interest in any Collateral is governed by the Uniform Commercial Code as
in effect in a jurisdiction other than the State of New York, “UCC” means the Uniform Commercial Code as in effect from time to time in such other jurisdiction for purposes of the provisions hereof relating to such perfection, effect of
perfection or non-perfection or priority. 
 “UK Financial Institution” means any
BRRD Undertaking (as such term is defined under the PRA Rulebook (as amended from time to time) promulgated by the United Kingdom Prudential Regulation Authority) or any person falling within IFPRU 11.6 of the FCA Handbook (as amended from time to
time) promulgated by the United Kingdom Financial Conduct Authority, which includes certain credit institutions and investment firms, and certain affiliates of such credit institutions or investment firms. 

“UK Resolution Authority” means the Bank of England or any other public administrative authority having responsibility for
the resolution of any UK Financial Institution. 
 “Unissued Letter of Credit Commitment” means, with respect to any
Issuing Bank, the obligation of such Issuing Bank to issue Letters of Credit for the account of any Borrower or its specified Restricted Subsidiaries in an amount equal to the excess of (a) the amount of its Letter of Credit Commitment over
(b) the aggregate Available Amount of all Letters of Credit issued by such Issuing Bank. 
 “Unrestricted Cash” means,
as of any date, the aggregate amount of unrestricted cash and cash equivalents owned by Holdings or any of its Restricted Subsidiaries as of such date and not subject to any Lien in favor of any creditor of Holdings or any of its Restricted
Subsidiaries. 
 “Unrestricted Subsidiary” means any Subsidiary of the Company that is designated by the Company as an
Unrestricted Subsidiary in accordance with Section 5.01(l), but only to the extent that such Subsidiary: 
 (a)
has no Debt other than (i) Non-Recourse Debt and (ii) any other Debt that, if deemed incurred by a Restricted Subsidiary that is not a Loan Party as of the date of designation, would be permitted to
be incurred pursuant to Section 5.02(c)(xiii); and 
 (b) is not party to any agreement, contract, arrangement or
understanding with any Loan Party unless the terms of any such agreement, contract, arrangement or understanding are (i) no less favorable to such Loan Party than those that might be obtained at the time from Persons who are not Affiliates of
the Company and (ii) the portion of such terms that do not satisfy the preceding clause (i) would, if deemed to be a Disposition, would be permitted pursuant to Section 5.02(e)(xvi). 

“Unused Commitment” means, with respect to each Lender at any time, (a) such Lender’s Revolving Credit Commitment
at such time minus (b) the sum of (i) the aggregate principal amount of all Advances made by such Lender (in its capacity as a Lender) and outstanding at such time, plus (ii) such Lender’s Ratable Share of
(A) the aggregate Available Amount of all the Letters of Credit outstanding at such time and (B) the aggregate principal amount of all Advances made by each Issuing Bank pursuant to Section 2.03(c) that have not
been ratably funded by such Lender and outstanding at such time. 

  
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 “U.S. Government Securities Business Day” means any day
except for (a) a Saturday, (b) a Sunday or (c) a day on which the Securities Industry and Financial Markets Association recommends that the fixed income departments of its members be closed for the entire day for purposes of trading
in United States government securities. 
 “Voting Stock” means capital stock issued by a corporation, or equivalent
interests in any other Person, the holders of which are ordinarily, in the absence of contingencies, entitled to vote for the election of directors (or persons performing similar functions) of such Person, even if the right so to vote has been
suspended by the happening of such a contingency. 
 “Weighted Average Life to Maturity” means, when applied to any Debt at
any date, the number of years obtained by dividing: (i) the sum of the products obtained by multiplying (a) the amount of each then remaining installment, sinking fund, serial maturity or other required payments of principal, including
payment at final maturity, in respect thereof, by (b) the number of years (calculated to the nearest one-twelfth) that will elapse between such date and the making of such payment by (ii) the then
outstanding principal amount of such Debt; provided that for purposes of determining the Weighted Average Life to Maturity of any Debt that is being modified, refinanced, refunded, renewed, replaced or extended (the “Applicable
Debt”), the effect of any prepayments made on such Applicable Debt prior to the date of the applicable modification, refinancing, refunding, renewal, replacement or extension shall be disregarded. 

“Wholly-Owned Subsidiary” means, at any time, any Restricted Subsidiary of Holdings in which more than 80% (90% in the case
of PARC) of the Equity Interest is at such time directly or indirectly owned by Holdings. 
 “Write-Down and Conversion
Powers” means, (a) with respect to any EEA Resolution Authority, the write-down and conversion powers of such EEA Resolution Authority from time to time under the Bail-In Legislation for the
applicable EEA Member Country, which write-down and conversion powers are described in the EU Bail-In Legislation Schedule, and (b) with respect to the United Kingdom, any powers of the applicable
Resolution Authority under the Bail-In Legislation to cancel, reduce, modify or change the form of a liability of any UK Financial Institution or any contract or instrument under which that liability arises,
to convert all or part of that liability into shares, securities or obligations of that person or any other person, to provide that any such contract or instrument is to have effect as if a right had been exercised under it or to suspend any
obligation in respect of that liability or any of the powers under that Bail-In Legislation that are related to or ancillary to any of those powers. 

“XFS” means Xerox Financial Services, LLC, a Delaware limited liability company. 

“Yen” and the “¥” sign each means lawful currency of Japan. 

SECTION 1.02 Computation of Time Periods. In this Agreement in the computation of periods 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 mean “to but excluding”. 

  
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 SECTION 1.03 Accounting Terms. All accounting terms not specifically defined
herein shall be construed in accordance with generally accepted accounting principles as in effect in the United States from time to time (“GAAP”), provided that (a) if there is any change in GAAP from such principles
applied in the preparation of the audited financial statements referred to in Section 4.01(e) (“Initial GAAP”), that is material in respect of the calculation of compliance with the covenants set forth in
Section 5.03, the Company shall give prompt notice of such change to the Agent and the Lenders, (b) if the Company notifies the Agent that the Company requests an amendment of any provision hereof to eliminate the
effect of any change in GAAP (or the application thereof) from Initial GAAP (or if the Agent or the Required Lenders request an amendment of any provision hereof for such purpose), regardless of whether such notice is given before or after such
change in GAAP (or the application thereof), then such provision shall be applied on the basis of generally accepted accounting principles as in effect and applied immediately before such change shall have become effective until such notice shall
have been withdrawn or such provision is amended in accordance herewith. Notwithstanding any other provision contained herein, all terms of an accounting or financial nature used herein shall be construed, and all computations of amounts and ratios
referred to herein shall be made, without giving effect to any election under Statement of Financial Accounting Standards 133 and 159 (or any other Financial Accounting Standard having a similar result or effect) to value any Debt or other
liabilities of Holdings or any Subsidiary at “fair value”, as defined therein. 
 SECTION 1.04 Divisions. For all
purposes under the Loan Documents, in connection with any division or plan of division under Delaware law (or any comparable event under a different jurisdiction’s laws): (a) if any asset, right, obligation or liability of any Person becomes
the asset, right, obligation or liability of a different Person, then it shall be deemed to have been transferred from the original Person to the subsequent Person, and (b) if any new Person comes into existence, such new Person shall be deemed
to have been organized on the first date of its existence by the holders of its Equity Interests at such time. 
 ARTICLE II. 

AMOUNTS AND TERMS OF THE ADVANCES AND LETTERS OF CREDIT 

SECTION 2.01 The Advances and Letters of Credit. (a) The Advances. Each Lender severally agrees, on the terms and
conditions hereinafter set forth, to make Advances to any Borrower from time to time on any Business Day during the period from the Effective Date until the Termination Date of such Lender in an amount (based in respect of any Advances to be
denominated in a Committed Currency by reference to the Equivalent thereof in Dollars determined on the date of delivery of the applicable Notice of Borrowing) not to exceed such Lender’s Unused Commitment. Each Borrowing shall be in an amount
not less than the Borrowing Minimum or the Borrowing Multiple in excess thereof and shall consist of Advances of the same Type and in the same currency made on the same day by the Lenders ratably according to their respective Revolving Credit
Commitments. Within the limits of each Lender’s Revolving Credit Commitment, any Borrower may borrow under this Section 2.01(a), prepay pursuant to Section 2.10 and reborrow under this
Section 2.01(a). 

  
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 (b) Letters of Credit. Each Issuing Bank agrees, on the terms and conditions
hereinafter set forth, in reliance upon the agreements of the other Lenders set forth in this Agreement, to issue letters of credit (each, a “Letter of Credit”) denominated in Dollars or a Committed Currency for the account of any
Borrower and its specified Restricted Subsidiaries from time to time on any Business Day during the period from the Effective Date until 30 days before the Termination Date in an aggregate Available Amount (based in respect of any Letters of Credit
to be denominated in a Committed Currency by reference to the Equivalent thereof in Dollars determined on the date of delivery of the applicable Notice of Issuance) (i) for all Letters of Credit issued hereunder not to exceed at any time the
Letter of Credit Facility at such time, (ii) for all Letters of Credit issued by each Issuing Bank not to exceed at any time such Issuing Bank’s Letter of Credit Commitment at such time and (iii) for each such Letter of Credit not to
exceed an amount equal to the Unused Commitments of the Lenders at such time. No Letter of Credit shall have an expiration date (including all rights of the applicable Borrower or the beneficiary to require renewal) later than 10 Business Days
before the Termination Date. Within the limits referred to above, the Borrowers may from time to time request the issuance of Letters of Credit under this Section 2.01(b). Each letter of credit listed on Schedule
2.01(b) shall be deemed to constitute a Letter of Credit issued hereunder, and each Lender that is an issuer of such a Letter of Credit shall, for purposes of Section 2.03, be deemed to be an Issuing Bank for each such
letter of credit, provided than any renewal or replacement of any such letter of credit shall be issued by an Issuing Bank pursuant to the terms of this Agreement. 

SECTION 2.02 Making the Advances. (a) Except as otherwise provided in Section 2.03(a), each
Borrowing shall be made on notice, given not later than (x) 12:00 noon (New York City time) on the third Business Day prior to the date of the proposed Borrowing in the case of a Borrowing consisting of Term Benchmark Advances denominated in
Dollars, (y) 12:00 noon (New York City time) on the fourth Business Day prior to the date of the proposed Borrowing in the case of a Borrowing consisting of RFR Advances or Term Benchmark Advances denominated in any Committed Currency, or (z) 12:00
noon (New York City time) on the date of the proposed Borrowing in the case of a Borrowing consisting of Base Rate Advances, by any Borrower to the Agent (and, in the case of a Borrowing consisting of Term Benchmark Advances, simultaneously to the Sub-Agent), which shall give to each Lender prompt notice thereof by email. Each such notice of a Borrowing (a “Notice of Borrowing”) shall be by telephone, confirmed immediately in writing or by
email in substantially the form of Exhibit B hereto, specifying therein the requested (i) date of such Borrowing, (ii) Type of Advances comprising such Borrowing, (iii) aggregate amount of such Borrowing, (iv) in the case
of a Borrowing consisting of Term Benchmark Advances, initial Interest Period and (v) in the case of a Borrowing consisting of Term Benchmark Advances and/or RFR Advances, currency for each such Advance. Each Lender shall, before 1:00 P.M. (New
York City time) on the date of such Borrowing, in the case of a Borrowing consisting of Term Benchmark Advances denominated in Dollars, before 2:00 P.M. (New York City time) on the date of such Borrowing, in the case of a Borrowing consisting of
Base Rate Advances, and before 9:00 A.M. (New York City time) on the date of such Borrowing, in the case of a Borrowing consisting of RFR Advances or Term Benchmark Advances denominated in any Committed Currency, make available for the account of
its Applicable Lending Office to the Agent at the applicable Agent’s Account, in same day funds, such Lender’s ratable portion of such Borrowing. After the Agent’s receipt of such funds and upon fulfillment of the applicable
conditions set forth in Article III, the Agent will make such funds available to the Borrower requesting the Borrowing at the Agent’s address referred to in Section 9.02 or at the applicable Payment Office, as
the case may be. 

  
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 (b) Anything in subsection (a) above to the contrary notwithstanding,
(i) the Borrowers may not select Base Rate Advances, RFR Advances or Term Benchmark Advances for any Borrowing if the aggregate amount of such Borrowing is less than the Borrowing Minimum or if the obligation of the Lenders to make such
Advances shall then be suspended pursuant to Section 2.08 or 2.12 and (ii) the Term Benchmark Advances may not be outstanding as part of more than ten separate Borrowings. 

(c) Each Notice of Borrowing shall be irrevocable and binding on the Borrower requesting the Borrowing. In the case of any Borrowing that the
related Notice of Borrowing specifies is to be comprised of Term Benchmark Advances, such Borrower shall indemnify each Lender against any loss (excluding loss of anticipated profits), cost or expense incurred by such Lender as a result of any
failure to fulfill on or before the date specified in such Notice of Borrowing for such Borrowing the applicable conditions set forth in Article III, including, without limitation, any loss (excluding loss of anticipated profits), cost or
expense incurred by reason of the liquidation or reemployment of deposits or other funds acquired by such Lender to fund the Advance to be made by such Lender as part of such Borrowing when such Advance, as a result of such failure, is not made on
such date. 
 (d) Unless the Agent shall have received notice from a Lender prior to the time of any Borrowing that such Lender will not
make available to the Agent such Lender’s ratable portion of such Borrowing, the Agent may assume that such Lender has made such portion available to the Agent on the date of such Borrowing in accordance with subsection (a) of this
Section 2.02, and the Agent may, in reliance upon such assumption, make available to the Borrower requesting the Borrowing on such date a corresponding amount. If and to the extent that such Lender shall not have so made
such ratable portion available to the Agent, such Lender and such Borrower severally agree to repay to the Agent forthwith on demand such corresponding amount together with interest thereon, for each day from the date such amount is made available
to such Borrower until the date such amount is repaid to the Agent, at (i) in the case of such Borrower, the higher of (A) the interest rate applicable at the time to the Advances comprising such Borrowing and (B) the cost of funds
incurred by the Agent in respect of such amount and (ii) in the case of such Lender, (A) the Federal Funds Rate in the case of Advances denominated in Dollars or (B) the cost of funds incurred by the Agent in respect of such amount in
the case of Advances denominated in Committed Currencies. If such Lender shall repay to the Agent such corresponding amount, such amount so repaid shall constitute such Lender’s Advance as part of such Borrowing for purposes of this Agreement.

 (e) The failure of any Lender to make the Advance to be made by it as part of any Borrowing shall not relieve any other Lender of its
obligation, if any, hereunder to make its Advance on the date of such Borrowing, but no Lender shall be responsible for the failure of any other Lender to make the Advance to be made by such other Lender on the date of any Borrowing. 

SECTION 2.03 Issuance of and Drawings and Reimbursement Under Letters of Credit. (a) Request for Issuance.
(i) Each Letter of Credit shall be issued upon notice, given not later than 11:00 A.M. (New York City time) on the fifth Business Day prior to the date of the proposed issuance of such Letter of Credit (or on such shorter notice as the
applicable Issuing Bank may agree), by any Borrower to any Issuing Bank, and such Issuing Bank shall give the Agent, prompt notice thereof. Each such notice by a Borrower of issuance of a Letter of Credit (a “Notice of 

  
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Issuance”) shall be by email or by telephone, confirmed immediately in writing, specifying therein the requested (A) date of such issuance (which shall be a Business Day), (B)
Available Amount of such Letter of Credit, (C) desired currency for such Letter of Credit, which shall be Dollars or a Committed Currency, (D) expiration date of such Letter of Credit, (E) name and address of the beneficiary of such
Letter of Credit and (F) form of such Letter of Credit. Such Letter of Credit shall be issued pursuant to such application and agreement for letter of credit as such Issuing Bank and the applicable Borrower shall agree for use in connection
with such requested Letter of Credit (a “Letter of Credit Agreement”). If the requested form of such Letter of Credit is acceptable to such Issuing Bank in its reasonable discretion (it being understood that any such form shall have
only explicit documentary conditions to draw and shall not include discretionary conditions), and such Issuing Bank has not received written notice from any Lender, the Agent or the applicable Borrower, at least one Business Day prior to the
requested date of issuance or amendment of the applicable Letter of Credit, that one or more applicable conditions contained in Section 3.03 shall not be satisfied, such Issuing Bank will, upon fulfillment of the applicable
conditions set forth in Section 3.03, make such Letter of Credit available to the applicable Borrower at its office referred to in Section 9.02 or as otherwise agreed with such Borrower in
connection with such issuance. In the event and to the extent that the provisions of any Letter of Credit Agreement shall conflict with this Agreement, the provisions of this Agreement shall govern. 

(b) Participations. By the issuance of a Letter of Credit (or an amendment to a Letter of Credit increasing the amount thereof) and
without any further action on the part of the applicable Issuing Bank or the Lenders, such Issuing Bank hereby grants to each Lender, and each Lender hereby acquires from such Issuing Bank, a participation in such Letter of Credit equal to such
Lender’s Ratable Share of the Available Amount of such Letter of Credit. Each Borrower hereby agrees to each such participation. In consideration and in furtherance of the foregoing, each Lender hereby absolutely and unconditionally agrees to
pay to the Agent, for the account of such Issuing Bank, such Lender’s Ratable Share of each drawing made under a Letter of Credit funded by such Issuing Bank and not reimbursed by the applicable Borrower on the date made, or of any
reimbursement payment required to be refunded to such Borrower for any reason, which amount will be advanced, and deemed to be an Advance to such Borrower hereunder, regardless of the satisfaction of the conditions set forth in
Section 3.03. Each Lender acknowledges and agrees that its obligation to acquire participations pursuant to this paragraph in respect of Letters of Credit is absolute and unconditional and shall not be affected by any
circumstance whatsoever, including any amendment, renewal or extension of any Letter of Credit or the occurrence and continuance of a Default or reduction or termination of the Revolving Credit Commitments, and that each such payment shall be made
without any offset, abatement, withholding or reduction whatsoever. Each Lender further acknowledges and agrees that its participation in each Letter of Credit will be automatically adjusted to reflect such Lender’s Ratable Share of the
Available Amount of such Letter of Credit at each time such Lender’s Revolving Credit Commitment is amended pursuant to a Commitment Increase in accordance with Section 2.18, an assignment in accordance with
Section 9.07 or otherwise pursuant to this Agreement. 
 (c) Drawing and Reimbursement. The payment by an
Issuing Bank of a draft drawn under any Letter of Credit which is not reimbursed by the Borrower that requested such Letter of Credit on the date made shall constitute for all purposes of this Agreement the making by any such Issuing Bank of an
Advance to such Borrower which, in the case of a Letter of Credit denominated in Dollars, shall be a Base Rate Advance in the amount of such draft, and, in the case of a Letter 

  
 41 

 
of Credit denominated in a Committed Currency, shall be a Base Rate Advance in an amount determined by reference to the Equivalent of such drawn amount in Dollars determined on the date of such
drawing, without regard to whether the making of such an Advance would exceed such Issuing Bank’s Unused Commitment. Each Issuing Bank shall give prompt notice of each drawing under any Letter of Credit issued by it to the applicable Borrower
and the Agent. Upon written demand by such Issuing Bank, with a copy of such demand to the Agent and the applicable Borrower, each Lender shall pay to the Agent such Lender’s Ratable Share of such outstanding Advance pursuant to
Section 2.03(b). Each Lender acknowledges and agrees that its obligation to make Advances pursuant to this paragraph in respect of Letters of Credit is absolute and unconditional and shall not be affected by any
circumstance whatsoever, including any amendment, renewal or extension of any Letter of Credit or the occurrence and continuance of a Default or reduction or termination of the Revolving Credit Commitments, and that each such payment shall be made
without any offset, abatement, withholding or reduction whatsoever. Promptly after receipt thereof, the Agent shall transfer such funds to such Issuing Bank. Each Lender agrees to fund its Ratable Share of an outstanding Advance on (i) the
Business Day on which demand therefor is made by such Issuing Bank, provided that notice of such demand is given not later than 11:00 A.M. (New York City time) on such Business Day, or (ii) the first Business Day next succeeding such
demand if notice of such demand is given after such time. If and to the extent that any Lender shall not have so made the amount of such Advance available to the Agent, such Lender agrees to pay to the Agent forthwith on demand such amount together
with interest thereon, for each day from the date of demand by any such Issuing Bank until the date such amount is paid to the Agent, at the Federal Funds Rate for its account or the account of such Issuing Bank, as applicable. If such Lender shall
pay to the Agent such amount for the account of any such Issuing Bank on any Business Day, such amount so paid in respect of principal shall constitute an Advance made by such Lender on such Business Day for purposes of this Agreement, and the
outstanding principal amount of the Advance made by such Issuing Bank shall be reduced by such amount on such Business Day. 
 (d) Letter
of Credit Reports. Each Issuing Bank shall furnish (A) to the Agent and each Lender (with a copy to the Company) on the first Business Day of each month a written report summarizing issuance and expiration dates of Letters of Credit issued
by such Issuing Bank during the preceding month and drawings during such month under all Letters of Credit and (B) to the Agent and each Lender (with a copy to the Company) on the first Business Day of each calendar quarter a written report
setting forth the average daily aggregate Available Amount during the preceding calendar quarter of all Letters of Credit issued by such Issuing Bank. 

(e) Failure to Make Advances. The failure of any Lender to make the Advance to be made by it on the date specified in
Section 2.03(c) shall not relieve any other Lender of its obligation hereunder to make its Advance on such date, but no Lender shall be responsible for the failure of any other Lender to make the Advance to be made by such
other Lender on such date. 
 (f) Applicability of ISP and UCP. Unless otherwise expressly agreed by the applicable Issuing Bank and
the Company, when a Letter of Credit is issued (including any such agreement applicable to a Letter of Credit listed on Schedule 2.01(b)), (i) the rules of the ISP shall apply to each standby Letter of Credit, and (ii) the rules of the
Uniform Customs and Practice for Documentary Credits, as most recently published by the International Chamber of Commerce at the time of issuance shall apply to each commercial Letter of Credit. 

  
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 (g) Resignation of Issuing Bank. Any Issuing Bank may resign at any time by giving 30
days’ prior written notice to the Agent, the Lenders and the Company. After the resignation of an Issuing Bank hereunder, the retiring Issuing Bank shall remain a party hereto and shall continue to have all the rights and obligations of an
Issuing Bank under this Agreement and the other Loan Documents with respect to Letters of Credit issued by it prior to such resignation, but shall not be required to issue additional Letters of Credit or to extend, renew or increase any existing
Letter of Credit. 
 SECTION 2.04 Fees. (a) Facility Fee. The Company agrees to pay to the Agent for the account of
each Lender a facility fee on the aggregate amount of such Lender’s Revolving Credit Commitment from the Effective Date in the case of each Initial Lender and from the effective date specified in the Incremental Increase Amendment or in the
Assignment and Assumption pursuant to which it became a Lender in the case of each other Lender until the Termination Date for such Lender (or such later date on which the Advances made by such Lender shall have been paid in full and the
participations in Letters of Credit of such Lender have terminated) at a rate per annum equal to the Applicable Percentage in effect from time to time, payable in arrears quarterly on the last day of each March, June, September and December,
commencing with the quarter ended September 30, 2022, and on the Termination Date applicable to such Lender, provided that no Defaulting Lender shall be entitled to receive any facility fee except in respect of its outstanding Advances
for any period during which that Lender is a Defaulting Lender (and the Company shall not be required to pay such fee that otherwise would have been required to have been paid to that Defaulting Lender). 

(b) Letter of Credit Fees. (i) Each Borrower shall pay to the Agent for the account of each Lender a commission on such
Lender’s Ratable Share of the average daily aggregate Available Amount of all Letters of Credit issued for the account of such Borrower and outstanding from time to time at a rate per annum equal to the Applicable Margin for Term Benchmark
Advances in effect from time to time during such calendar quarter, payable in arrears quarterly on the last day of each March, June, September and December, commencing with the quarter ended September 30, 2022, and on the Termination Date
applicable to such Lender; provided that the Applicable Margin shall be 2% above the Applicable Margin in effect upon the occurrence and during the continuation of an Event of Default if such Borrower is required to pay Default Interest on
all outstanding Advances pursuant to Section 2.07(b); provided, further, that (i) to the extent that all or a portion of the Fronting Exposure in respect of any Defaulting Lender is reallocated to the Non-Defaulting Lenders pursuant to Section 2.20(a), such fees that would have accrued for the benefit of such Defaulting Lender will instead accrue for the benefit of and be payable to such
Non-Defaulting Lenders, pro rata in accordance with their respective Revolving Credit Commitments, and (ii) to the extent that all or any portion of such Fronting Exposure cannot be so
reallocated, such fees will instead accrue for the benefit of and be payable to the respective Issuing Banks ratably according to the outstanding Letters of Credit issued by each Issuing Bank. 

(ii) Each Borrower shall pay to each Issuing Bank, for its own account, a fronting fee equal to 0.125% per annum (or such
lesser amount as such Issuing Bank may approve in its sole discretion) on the Available Amount of all Letters of Credit issued for the account of such Borrower by such Issuing Bank, payable in arrears quarterly on the last day of each March, June,
September and December, commencing with the quarter ended September 30, 2022, and on the Termination Date, and such other commissions, issuance fees, transfer fees and other fees and charges in connection with the issuance or administration of
each Letter of Credit as such Borrower and such Issuing Bank shall agree. 

  
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 (c) Agent’s Fees. The Company shall pay to the Agent for their own account such
fees as may from time to time be agreed between the Company and the Agent. 
 SECTION 2.05 Termination or Reduction of the
Commitments. (a) Optional Ratable Termination or Reduction. The Company shall have the right, upon at least two Business Days’ notice to the Agent, to terminate in whole or permanently reduce ratably in part the Unused
Commitments or the Unissued Letter of Credit Commitments of the Lenders, provided, however, that each partial reduction shall be in the aggregate amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereof. 

(b) Non-Ratable Reduction. The Company shall have the right, at any time, upon at least ten
Business Days’ notice to a Defaulting Lender (with a copy to the Agent), to terminate in whole such Lender’s Commitments. Such termination shall be effective, (x) with respect to such Lender’s Unused Commitment, on the date set
forth in such notice, provided, however, that such date shall be no earlier than ten Business Days after receipt of such notice and (y) with respect to each Advance outstanding to such Lender, in the case of Base Rate Advances or
RFR Advances, on the date set forth in such notice and, in the case of Term Benchmark, on the last day of the then current Interest Period relating to such Advance. Upon termination of a Lender’s Commitments under this
Section 2.05(b), the Company will pay or cause to be paid all principal of, and interest accrued to the date of such payment on, Advances owing to such Lender and pay any accrued facility fees or Letter of Credit fees
payable to such Lender pursuant to the provisions of Section 2.04, and all other amounts payable to such Lender hereunder (including, but not limited to, any increased costs or other amounts owing under
Section 2.11 and any indemnification for Taxes under Section 2.14); and, if such Lender is an Issuing Bank, shall pay to the Agent for deposit in the L/C Cash Deposit Account an amount equal to the
Available Amount of all Letters of Credit issued by such Issuing Bank, and upon such payments, the obligations of such Lender hereunder shall, by the provisions hereof, be released and discharged; provided, however, that such
Lender’s rights under Sections 2.11, 2.14 and 9.04, and, in the case of an Issuing Bank, Sections 2.04(b) and 6.02, and its obligations under Section 8.05 shall
survive such release and discharge as to matters occurring prior to such date. Subject to Section 2.18, the aggregate amount of the Commitments of the Lenders once reduced pursuant to this
Section 2.05(b) may not be reinstated; provided, further, however, that if pursuant to this Section 2.05(b), the Borrowers shall pay to a Defaulting Lender any principal of, or
interest accrued on, the Advances owing to such Defaulting Lender, then the Borrowers shall either (x) confirm to the Agent that the conditions set forth in Section 3.03(a) are met on and as of such date of payment or
(y) pay or cause to be paid a ratable payment of principal and interest to all Lenders who are not Defaulting Lenders. 

SECTION 2.06 Repayment of Advances and Letter of Credit Drawings. (a)Advances. Each Borrower shall repay to the Agent
for the ratable account of each Lender on the Termination Date applicable to such Lender the aggregate principal amount of the Advances made to it by such Lender and then outstanding. 

  
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 (b) Letter of Credit Drawings. The obligations of each Borrower under any Letter of
Credit Agreement and any other agreement or instrument relating to any Letter of Credit issued for the account of such Borrower shall be unconditional and irrevocable, and shall be paid strictly in accordance with the terms of this Agreement, such
Letter of Credit Agreement and such other agreement or instrument under all circumstances, including, without limitation, the following circumstances (it being understood that any such payment by such Borrower is without prejudice to, and does not
constitute a waiver of, any rights such Borrower might have or might acquire as a result of the payment by any Lender of any draft or the reimbursement by such Borrower thereof): 

(i) any lack of validity or enforceability of this Agreement, any Note, any Letter of Credit Agreement, any Letter of Credit or
any other agreement or instrument relating thereto (all of the foregoing being, collectively, the “L/C Related Documents”); 

(ii) any change in the time, manner or place of payment of, or in any other term of, all or any of the obligations of such
Borrower in respect of any L/C Related Document or any other amendment or waiver of or any consent to departure from all or any of the L/C Related Documents; 

(iii) the existence of any claim, set-off, defense or other right that such Borrower
may have at any time against any beneficiary or any transferee of a Letter of Credit (or any Persons for which any such beneficiary or any such transferee may be acting), any Issuing Bank, the Agent, any Lender or any other Person, whether in
connection with the transactions contemplated by the L/C Related Documents or any unrelated transaction; 
 (iv) any
statement or any other document presented under a Letter of Credit proving to be forged, fraudulent, invalid or insufficient in any respect or any statement therein being untrue or inaccurate in any respect; 

(v) payment by any Issuing Bank under a Letter of Credit against presentation of a draft or certificate that does not strictly
comply with the terms of such Letter of Credit; 
 (vi) any exchange, release or
non-perfection of any collateral, or any release or amendment or waiver of or consent to departure from any Guarantee, for all or any of the obligations of such Borrower in respect of the L/C Related
Documents; or 
 (vii) any other circumstance or happening whatsoever, whether or not similar to any of the foregoing,
including, without limitation, any other circumstance that might otherwise constitute a defense available to, or a discharge of, such Borrower or a guarantor. 

SECTION 2.07 Interest on Advances. (a) Scheduled Interest. Each Borrower shall pay interest on the unpaid principal
amount of each Advance made to it and owing to each Lender from the date of such Advance until such principal amount shall be paid in full, at the following rates per annum: 

(i) Base Rate Advances. During such periods as such Advance is a Base Rate Advance, a rate per annum equal to the sum of
(x) Base Rate plus (y) the Applicable Margin. 

  
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 (ii) Term Benchmark Advances. During such periods as such Advance is
a Term Benchmark Advance, a rate per annum equal to the sum of (x) the Term Benchmark plus (y) the Applicable Margin. 

(iii) RFR Advances. During such periods as such Advance is a RFR Advance, a rate per annum equal to the sum of
(x) RFR plus (y) the Applicable Margin. 
 (b) Default Interest. Upon the occurrence and during the continuance of
an Event of Default under Section 6.01(a), the Agent shall, upon the request of the Required Lenders, require the Borrowers to pay interest (“Default Interest”) on (i) the overdue principal amount of
each Advance owing to each Lender, payable in arrears on the dates referred to in clause (a)(i) or (a)(ii) above, at a rate per annum equal at all times to 2% per annum above the rate per annum required to be paid on such Advance
pursuant to clause (a)(i) or (a)(ii) above and (ii) to the fullest extent permitted by law, the amount of any interest, fee or other amount payable hereunder that is not paid when due, from the date such amount shall be due until
such amount shall be paid in full, payable in arrears on the date such amount shall be paid in full and on demand, at a rate per annum equal at all times to 2% per annum above the rate per annum required to be paid on Base Rate Advances pursuant to
clause (a)(i) above; provided, however, that following acceleration of the Advances pursuant to Section 6.01, Default Interest shall accrue and be payable hereunder whether or not previously required by
the Agent. 
 (c) Payment Dates. Accrued interest on each Advance shall be payable in arrears on each Interest Payment Date
applicable thereto and at such other times as may be specified herein; provided that (i) interest accrued pursuant to paragraph (b) of this Section shall be payable on demand, (ii) in the event of any
repayment or prepayment of any Advance (other than a prepayment of a Base Rate Advance prior to the Termination Date), accrued interest on the principal amount repaid or prepaid shall be payable on the date of such repayment or prepayment and
(iii) in the event of any Conversion of any Term Benchmark Advance prior to the end of the Interest Period therefor, accrued interest on such Advance shall be payable on the effective date of such Conversion. 

SECTION 2.08 Interest Rate Determination. (a) The Agent shall give prompt notice to the Company and the Lenders of the
applicable interest rate determined by the Agent for purposes of Section 2.07(a)(i) or (ii). 
 (b) If,
with respect to any Term Benchmark Advances or RFR Advances, the Required Lenders notify the Agent that the Term Benchmark (for any Interest Period for such Advances) or RFR will not adequately reflect the cost to such Required Lenders of making,
funding or maintaining their respective Term Benchmark Advances (for any Interest Period) or RFR Advances, the Agent shall forthwith so notify the Company and the Lenders, whereupon (i) the Borrower of such Term Benchmark Advances or RFR
Advances will (in the case of Term Benchmark Advances, on the last day of the then-existing Interest Period therefor), (A) if such Term Benchmark Advances are denominated in Dollars, either (x) prepay such Advances or (y) Convert such
Advances into Base Rate Advances and (B) if such Term Benchmark Advances are denominated in any Committed Currency, either (x) prepay such Advances or (y) exchange such Advances into an Equivalent amount of Dollars and Convert such
Advances into Base Rate Advances and (ii) the obligation of the Lenders to make, or to Convert Advances into, Term Benchmark Advances or RFR Advances shall be suspended until the Agent shall notify the Company and the Lenders that the
circumstances causing such suspension no longer exist. 

  
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 (c) If any Borrower shall fail to select the duration of any Interest Period for any Term
Benchmark Advances in accordance with the provisions contained in the definition of “Interest Period” in Section 1.01, the Agent will forthwith so notify such Borrower and the Lenders and such Advances will
automatically, on the last day of the then existing Interest Period therefor, (i) if such Term Benchmark Advances are denominated in Dollars, Convert into Base Rate Advances and (ii) if such Term Benchmark Advances are denominated in a
Committed Currency, be exchanged for an Equivalent amount of Dollars and Convert into Base Rate Advances. 
 (d) On the date on which the
aggregate unpaid principal amount of Term Benchmark Advances comprising any Borrowing shall be reduced, by payment or prepayment or otherwise, to less than the Borrowing Minimum, such Advances shall automatically (i) if such Term Benchmark
Advances are denominated in Dollars, Convert into Base Rate Advances and (ii) if such Term Benchmark Advances are denominated in a Committed Currency, be exchanged for an Equivalent amount of Dollars and Convert into Base Rate Advances. 

(e) Upon the occurrence and during the continuance of any Event of Default under Section 6.01(a), (i) each Term
Benchmark Advance will automatically, on the last day of the then existing Interest Period therefor, (A) if such Term Benchmark Advances or RFR Advances are denominated in Dollars, be Converted into Base Rate Advances and (B) if such Term
Benchmark Advances or RFR Advances are denominated in any Committed Currency, be exchanged for an Equivalent amount of Dollars and be Converted into Base Rate Advances and (ii) the obligation of the Lenders to make, or to Convert Advances into,
Term Benchmark Advances or RFR Advances shall be suspended. 
 (f) Subject to Section 2.22, if the Agent
determines (which determination shall be conclusive and binding absent manifest error) that “Term Benchmark” cannot be determined in accordance with the terms of this Agreement on or prior to the first day of any Interest Period, 

(i) the Agent shall forthwith notify the applicable Borrower and the Lenders that the interest rate cannot be determined for
such Term Benchmark Advances, 
 (ii) each such Term Benchmark Advance will automatically, on the last day of the then
existing Interest Period therefor, (A) if such Term Benchmark Advance is denominated in Dollars, Convert into a Base Rate Advance and (B) if such Term Benchmark Advance is denominated in any Committed Currency, be prepaid by the applicable
Borrower or be automatically exchanged for an Equivalent amount of Dollars and be Converted into a Base Rate Advance (or if such Advance is then a Base Rate Advance, will continue as a Base Rate Advance), and 

(iii) the obligation of the Lenders to make Term Benchmark Advances in the applicable currency or to Convert Advances into Term
Benchmark Advances shall be suspended until the Agent shall notify the Company and the Lenders that the circumstances causing such suspension no longer exist. 

  
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 SECTION 2.09 Optional Conversion of Advances. The Borrower of any Advance may on
any Business Day, upon notice given to the Agent not later than 11:00 A.M. (New York City time) on the third Business Day prior to the date of the proposed Conversion in the case of a Conversion to Term Benchmark Advances or RFR Advances and not
later than 11:00 A.M. (New York City time) on the date of the proposed Conversion in the case of a Conversion to Base Rate Advances and subject to the provisions of Sections 2.08, 2.12 and 9.04(e), Convert all Advances
denominated in Dollars of one Type comprising the same Borrowing into Advances denominated in Dollars of the other Type; provided, however, that any Conversion of Base Rate Advances into Term Benchmark Advances shall be in an amount
not less than the minimum amount specified in Section 2.02(b) and no Conversion of any Advances shall result in more separate Borrowings than permitted under Section 2.02(b). Each such notice of a
Conversion shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the Dollar denominated Advances to be Converted, and (iii) if such Conversion is into Term Benchmark Advances, the duration of
the initial Interest Period for each such Advance. Each notice of Conversion shall be irrevocable and binding on the Borrower giving such notice. 

SECTION 2.10 Prepayments of Advances. (a) Optional. Each Borrower may, upon notice at least three Business Days’
prior to the date of such prepayment, in the case of Term Benchmark Advances or RFR Advances, and not later than 11:00 A.M. (New York City time) on the date of such prepayment, in the case of Base Rate Advances, to the Agent stating the proposed
date and aggregate principal amount of the prepayment, and if such notice is given such Borrower shall, prepay the outstanding principal amount of the Advances comprising part of the same Borrowing in whole or ratably in part, together with accrued
interest to the date of such prepayment on the principal amount prepaid; provided, however, that (x) each partial prepayment of Advances shall be in an aggregate principal amount of not less than the Borrowing Minimum or a
Borrowing Multiple in excess thereof, and (y) in the event of any such prepayment of a Term Benchmark Advance, such Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 9.04(e).

 (b) Mandatory. (i) If, on any date, the Agent notifies the Company that, on any Interest Payment Date, the sum of
(A) the aggregate principal amount of all Advances denominated in Dollars plus the aggregate Available Amount of all Letters of Credit denominated in Dollars then outstanding plus (B) the Equivalent in Dollars (determined on the third
Business Day prior to such Interest Payment Date) of the aggregate principal amount of all Advances and the Available Amount of all Letters of Credit denominated in Committed Currencies then outstanding exceeds 105% of the aggregate Revolving Credit
Commitments of the Lenders on such date, the Borrowers shall, as soon as practicable and in any event within two Business Days after receipt of such notice, prepay the outstanding principal amount of any Advances owing by the Borrowers in an
aggregate amount sufficient to reduce such sum to an amount not to exceed 100% of the aggregate Revolving Credit Commitments of the Lenders on such date together with any interest accrued to the date of such prepayment on the aggregate principal
amount of Advances prepaid; provided that if the Company has Cash Collateralized Letters of Credit in accordance with Section 2.20(a), the Available Amount of the outstanding Letters of Credit shall be deemed to have
been reduced by the amount of such cash collateral. The Agent shall give prompt notice of any prepayment required under this Section 2.10(b)(i) to the Company and the Lenders, and shall provide prompt notice to the Company
of any such notice of required prepayment received by it from any Lender. 

  
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 (ii) Each prepayment made pursuant to this
Section 2.10(b) shall be made together with any interest accrued to the date of such prepayment on the principal amounts prepaid and, in the case of any prepayment of a Term Benchmark Advance on a date other than the last
day of an Interest Period or at its maturity, any additional amounts which the applicable Borrower shall be obligated to reimburse to the Lenders in respect thereof pursuant to Section 9.04(e). The Agent shall give prompt
notice of any prepayment required under this Section 2.10(b) to the Company and the Lenders. 
 SECTION 2.11
Increased Costs. (a) If, due to either (i) the introduction of or any change after the Effective Date in or in the interpretation of any law or regulation or (ii) the compliance with any guideline or request from any central
bank or other Governmental Authority including, without limitation, any agency of the European Union or similar monetary or multinational authority (whether or not having the force of law), (A) there shall be any increase in the cost to any Lender
of agreeing to make or making, funding or maintaining Term Benchmark Advances or RFR Advances or of agreeing to issue or of issuing or maintaining or participating in Letters of Credit, (B) any Lender or its Applicable Lending Office is
subjected to any Taxes, or there shall be a change the basis of taxation of payments to such Lender (other than with respect to Taxes for which Lenders are indemnified under Section 2.14 and Excluded Taxes as to both of
which Section 2.14 shall govern), or (C) there shall be imposed, modified or deemed applicable any reserve, special deposit, compulsory loan, insurance charge or similar requirement against assets of, deposits with or
for the account of, or credit extended or participated in by, any Lender (except any reserve requirement reflected in the Term Benchmark) or any Issuing Bank, then the Company shall from time to time, upon demand by such Lender (with a copy of such
demand to the Agent), pay to the Agent for the account of such Lender additional amounts sufficient to compensate such Lender for such increased cost. A certificate as to the amount of such increased cost, submitted to the Company and the Agent by
such Lender, shall be conclusive and binding for all purposes, absent manifest error. 
 (b) If any Lender determines that compliance with
any law or regulation or any guideline or request from any central bank or other Governmental Authority (whether or not having the force of law) that becomes effective after the Effective Date, or any change in any such existing law, regulation,
guideline or request, affects or would affect the amount of capital or liquidity required or expected to be maintained by such Lender or any corporation Controlling such Lender and that the amount of such capital or liquidity is increased by or
based upon the existence of such Lender’s commitment to lend or to issue or participate in Letters of Credit hereunder and other commitments of such type or the issuance or maintenance of or participation in the Letters of Credit (or similar
contingent obligations), then, upon demand by such Lender (with a copy of such demand to the Agent), the Company shall pay to the Agent for the account of such Lender, from time to time as specified by such Lender, additional amounts sufficient to
compensate such Lender or such corporation in the light of such circumstances, to the extent that such Lender reasonably determines such increase in capital or liquidity to be allocable to the existence of such Lender’s commitment to lend or to
issue or participate in Letters of Credit hereunder or to the issuance or maintenance of or participation in any Letters of Credit. A certificate as to such amounts submitted to the Company and the Agent by such Lender shall be conclusive and
binding for all purposes, absent manifest error. 

  
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 (c) Notwithstanding anything to the contrary in this Section 2.11,
the Company shall not be required to compensate a Lender pursuant to this Section 2.11 for any amounts incurred more than 270 days prior to the date that such Lender notifies the Company of such Lender’s intention to
claim compensation therefor; provided that, if the circumstances giving rise to such claim have a retroactive effect, then such 270-day period shall be extended to include the period of such retroactive
effect. 
 (d) For the avoidance of doubt, for purposes of this Section 2.11, (x) the Dodd-Frank Wall Street
Reform and Consumer Protection Act and all requests, rules, regulations, guidelines, interpretations or directives thereunder or issued in connection therewith (whether or not having the force of law) and (y) all requests, rules, regulations,
guidelines, interpretations or directives promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority ) or the United States or foreign regulatory authorities (whether or
not having the force of law), in each case pursuant to Basel III, shall in each case be deemed to be a change in law regardless of the date enacted, adopted, issued, promulgated or implemented. 

SECTION 2.12 Illegality. Notwithstanding any other provision of this Agreement, if any Lender shall notify the Agent that the
introduction of or any change in or in the interpretation of any law or regulation makes it unlawful, or any central bank or other Governmental Authority asserts that it is unlawful, for any Lender or its Applicable Lending Office to perform its
obligations hereunder to make Term Benchmark Advances or RFR Advances in Dollars or any Committed Currency or to fund or maintain Term Benchmark Advances or RFR Advances in Dollars or any Committed Currency hereunder, (a) each Term Benchmark
Advance or RFR Advance will automatically, upon such demand (i) if such Term Benchmark Advance or RFR Advance is denominated in Dollars, be Converted into a Base Rate Advance and (ii) if such Term Benchmark Advance or RFR Advance is
denominated in any Committed Currency, be exchanged into an Equivalent amount of Dollars and be Converted into a Base Rate Advance and (b) the obligation of the Lenders to make Term Benchmark Advances or RFR Advances or to Convert Advances into
Term Benchmark Advances or RFR Advances shall be suspended until the Agent shall notify the Company and the Lenders that the circumstances causing such suspension no longer exist; provided, however, that before making any such demand,
each Lender agrees to use reasonable efforts (consistent with its internal policy and legal and regulatory restrictions) to designate a different Applicable Lending Office if the making of such a designation would allow such Lender or its Applicable
Lending Office to continue to perform its obligations to make Term Benchmark Advances or RFR Advances or to continue to fund or maintain Term Benchmark Advances or RFR Advances and would not, in the judgment of such Lender, be otherwise
disadvantageous to such Lender. Upon any such Conversion, the Company shall also pay any additional amounts required pursuant to Section 2.19.  

SECTION 2.13 Payments and Computations. (a) Each Borrower shall make each payment required to be made by such Borrower
hereunder (except with respect to principal of, interest on, and other amounts relating to, Advances denominated in a Committed Currency), irrespective of any right of counterclaim or set-off, not later than
11:00 A.M. (New York City time) on the day when due in Dollars to the Agent at the applicable Agent’s Account in same day funds. Each Borrower shall make each payment required to be made by such Borrower hereunder with respect to principal of,
interest on, and other amounts relating to, Advances denominated in 

  
 50 

 
a Committed Currency, irrespective of any right of counterclaim or set-off, not later than 11:00 A.M. (at the Payment Office for such Committed Currency)
on the day when due in such Committed Currency to the Agent, by deposit of such funds to the applicable Agent’s Account in same day funds. The Agent will promptly thereafter cause to be distributed like funds relating to the payment of
principal or interest, fees or commissions ratably (other than amounts payable pursuant to Section 2.04(b), 2.11, 2.14 or 9.04(e)) to the Lenders for the account of their respective Applicable Lending
Offices, and like funds relating to the payment of any other amount payable to any Lender to such Lender for the account of its Applicable Lending Office, in each case to be applied in accordance with the terms of this Agreement. Upon any
Incremental Lender becoming a Lender hereunder as a result of a Commitment Increase pursuant to Section 2.18(a) and upon the Agent’s receipt of such Lender’s Incremental Increase Amendment and recording of the
information contained therein in the Register, from and after the applicable Increase Date, the Agent shall make all payments hereunder and under any Notes issued in connection therewith in respect of the interest assumed thereby to the Incremental
Lender. Upon its acceptance of an Assignment and Assumption and recording of the information contained therein in the Register pursuant to Section 9.07(c), from and after the effective date specified in such Assignment and
Assumption, the Agent shall make all payments hereunder and under the Notes in respect of the interest assigned thereby to the Lender assignee thereunder, and the parties to such Assignment and Assumption shall make all appropriate adjustments in
such payments for periods prior to such effective date directly between themselves. 
 (b) Each Borrower hereby authorizes each Lender, if
and to the extent payment owed to such Lender by such Borrower is not made when due hereunder or under the Note held by such Lender, to charge from time to time against any or all of such Borrower’s accounts with such Lender any amount so due.

 (c) All computations of interest based on the Base Rate (other than when the Base Rate is determined by reference to the Federal Funds
Rate or the Term Benchmark) or RFR shall be made by the Agent on the basis of a year of 365 or 366 days, as the case may be, and all computations of interest based on the Term Benchmark or the Federal Funds Rate and of fees and Letter of Credit
commissions shall be made by the Agent on the basis of a year of 360 days (or, in each case of Advances denominated in Committed Currencies where market practice differs, in accordance with market practice), in each case for the actual number of
days (including the first day but excluding the last day) occurring in the period for which such interest, fees or commissions are payable. Each determination by the Agent of an interest rate hereunder shall be conclusive and binding for all
purposes, absent manifest error. 
 (d) Whenever any payment hereunder or under the Notes 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 payment of interest, fee or commission, as the case may be; provided,
however, that, if such extension would cause payment of interest on or principal of Term Benchmark Advances to be made in the next following calendar month, such payment shall be made on the next preceding Business Day. 

  
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 (e) Unless the Agent shall have received notice from any Borrower prior to the date on which
any payment is due to the Lenders hereunder that such Borrower will not make such payment in full, the Agent may assume that such Borrower has made such payment in full to the Agent on such date and the Agent may, in reliance upon such assumption,
cause to be distributed to each Lender on such due date an amount equal to the amount then due such Lender. If and to the extent such Borrower shall not have so made such payment in full to the Agent, each Lender shall repay to the Agent forthwith
on demand such amount distributed to such Lender together with interest thereon, for each day from the date such amount is distributed to such Lender until the date such Lender repays such amount to the Agent, at (i) the Federal Funds Rate in
the case of Advances denominated in Dollars or (ii) the cost of funds incurred by the Agent in respect of such amount in the case of Advances denominated in Committed Currencies. 

(f) To the extent that the Agent receives funds for application to the amounts owing by any Borrower under or in respect of this Agreement or
any Note in currencies other than the currency or currencies required to enable the Agent to distribute funds to the Lenders in accordance with the terms of this Section 2.13, the Agent shall be entitled to convert or
exchange such funds into Dollars or into a Committed Currency or from Dollars to a Committed Currency or from a Committed Currency to Dollars, as the case may be, to the extent necessary to enable the Agent to distribute such funds in accordance
with the terms of this Section 2.13; provided that each Borrower and each of the Lenders hereby agree that the Agent shall not be liable or responsible for any loss, cost or expense suffered by such Borrower or such
Lender as a result of any conversion or exchange of currencies affected pursuant to this Section 2.13(f) or as a result of the failure of the Agent to effect any such conversion or exchange; and provided,
further that each Borrower agrees to indemnify the Agent and each Lender, and hold the Agent and each Lender harmless, for any and all losses, costs and expenses incurred by the Agent or any Lender for any conversion or exchange of currencies
(or the failure to convert or exchange any currencies) in accordance with this Section 2.13(f) paid by such Borrower. 

(g) If, as a result of any restatement of or other adjustment to the Consolidated financial statements of Holdings and its Restricted
Subsidiaries or for any other reason, the Company, the Agent or the Required Lenders determine that (i) the Total Net Leverage Ratio as calculated by the Company as of any applicable date was inaccurate and (ii) a proper calculation of the
Total Net Leverage Ratio would have resulted in higher pricing for such period, the Company shall immediately and retroactively be obligated to pay to the Agent for the account of the applicable Lenders or the applicable Issuing Banks, as the case
may be, promptly on demand by the Agent (or, after the occurrence of an actual or deemed entry of an order for relief with respect to any Borrower under the Bankruptcy Code of the United States, automatically and without further action by the Agent,
any Lender or any Issuing Bank), an amount equal to the excess of the amount of interest and fees that should have been paid for such period over the amount of interest and fees actually paid for such period. This paragraph shall not limit the
rights of the Agent, any Lender or any Issuing Bank, as the case may be, under Section 2.04, Section 2.07 or Article VI. The Company’s obligations under this
Section 2.13(g) shall survive the termination of the Revolving Credit Commitments and the repayment of all other Obligations hereunder for 90 days after such termination and repayment. 

SECTION 2.14 Taxes. (a) Any and all payments by each Borrower or Guarantor to or for the account of any Lender or the Agent
hereunder or under the Notes or any other documents to be delivered hereunder shall be made, in accordance with Section 2.13 or the applicable provisions of such other documents, free and clear of and without deduction for
any and all Taxes unless required by law. If any Indemnified Taxes are required by law to be deducted or withheld 

  
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from or in respect of any sum payable hereunder or under any Note or any other documents to be delivered hereunder to any Lender or the Agent, (i) the sum payable by any Borrower or
Guarantor shall be increased as may be necessary so that after making all required deductions or withholding (including deductions applicable to additional sums payable under this Section 2.14) such Lender or the Agent (as
the case may be) receives an amount equal to the sum it would have received had no such deductions or withholding been made, (ii) such Borrower, Guarantor or other withholding agent shall make such deductions and (iii) such Borrower,
Guarantor or other withholding agent shall pay the full amount deducted to the relevant taxation authority or other authority in accordance with applicable law. 

(b) In addition, the Company shall pay any present or future stamp or documentary taxes or any other excise or property taxes, charges or
similar levies, as required by law, that arise from any payment made by the Company hereunder or under the Notes or any other documents to be delivered hereunder by the Company or from the execution, delivery or registration of, performing under, or
otherwise with respect to, this Agreement or the Notes or any other documents to be delivered hereunder by the Company, excluding, however, such taxes imposed as a result of an assignment (other than an assignment that occurs as a result of the
Borrower’ demand) or participation to the extent such taxes apply due to a present or former connection between the jurisdiction imposing such taxes and the relevant Lender, other than any connection arising from activities contemplated by this
Agreement (hereinafter referred to as “Other Taxes”). 
 (c) Each Borrower shall indemnify each Lender and the Agent for
and hold it harmless against the full amount of Indemnified Taxes or Other Taxes imposed on or paid by such Lender or the Agent (as the case may be) and any liability (including penalties, interest and expenses) arising therefrom or with respect
thereto. This indemnification shall be made within 30 days from the date such Lender or the Agent (as the case may be) makes written demand therefor. The written demand shall include the original or a copy of a receipt or a demand issued by the
relevant Governmental Authority evidencing such payment or demanding such payment, together with a certificate setting forth the amount of such Indemnified Taxes or Other Taxes and, in reasonable detail, the calculation and basis for such
Indemnified Taxes or Other Taxes. 
 (d) Within 30 days after the date of any payment of Indemnified Taxes or Other Taxes by a Borrower to a
Governmental Authority, each Borrower shall furnish to the Agent, at its address referred to in Section 9.02, the original or a certified copy of a receipt evidencing such payment to the extent such a receipt is issued
therefor, or other written proof of payment thereof that is reasonably satisfactory to the Agent. 
 (e) (i) Each Lender that is a
United States person, on or prior to the date of its execution and delivery of this Agreement in the case of each Initial Lender and on the date of the Incremental Increase Amendment or the Assignment and Assumption pursuant to which it becomes a
Lender in the case of each other Lender, and from time to time thereafter as reasonably requested in writing by the Company, shall provide each of the Agent and the Company with two duly completed executed copies of Internal Revenue Service Forms W-9 or any successor or other form prescribed by the Internal Revenue Service, certifying that such Lender is exempt from United States withholding tax on payments pursuant to this Agreement or the Notes. For
purposes of this subsection (e), the terms “United States” and “United States person” shall have the meanings specified in Section 7701 of the Internal Revenue Code. 

  
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 (ii) Each Lender organized under the laws of a jurisdiction outside the
United States, on or prior to the date of its execution and delivery of this Agreement in the case of each Initial Lender and on the date of the Incremental Increase Amendment or the Assignment and Assumption pursuant to which it becomes a Lender in
the case of each other Lender, and from time to time thereafter as reasonably requested in writing by the Company, shall provide each of the Agent and the Company with two duly completed executed copies of Internal Revenue Service Forms W-8BEN, W-8BEN-E, W-8ECI or W-8IMY (together with all
required attachments), as appropriate, or any successor or other form prescribed by the Internal Revenue Service, and, in the case of any Lender claiming the so-called “portfolio interest exemption”
under Section 881(c) of the Code, together with a certificate to the effect that such Lender is not a “bank” within the meaning of Section 881(c)(3)(A) of the Code, a “10 percent shareholder” of any Borrower within
the meaning of Section 871(h)(3)(B) of the Code, or a “controlled foreign corporation” related to any Borrower as described in Section 881(c)(3)(C) of the Code, in each case, certifying that such Lender is exempt from or entitled
to a reduced rate of United States withholding tax on payments pursuant to this Agreement or the Notes. 
 (iii) If a payment
made to a Lender would be subject to United States 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 Company, at the time or times prescribed by law and at such time or times reasonably requested in writing by the Company, 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 in writing by the Company as may be necessary for the Borrowers to comply with their obligations under
FATCA, to determine that such Lender has complied with such Lender’s obligations under FATCA or to determine the amount to deduct and withhold from such payment. 

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 relevant Borrower and the Agent in writing of its legal inability to do so. 

(f) Should a Lender become subject to Excluded Taxes because of its failure to deliver a form, certificate or other document described in
Section 2.14(e), the Company shall take such steps as the Lender shall reasonably request to assist the Lender to recover such Excluded Taxes. 

(g) Any Lender that is entitled to an exemption from or reduction of withholding tax imposed by any jurisdiction other than the United States
(a “Foreign Jurisdiction”) with respect to payments under this Agreement shall deliver to the relevant Borrower (with a copy to the Agent) within 15 Business Days following receipt of the written notice referred to below, such
properly completed and executed documentation as is reasonably requested by such Borrower or the Agent in order to permit such payments to be made with the benefit of such exemption or reduction (and shall make application to the relevant
Governmental Authority for exemption or reduced rates if it is the party required by law to do so), provided, however, that such Lender has received written notice from such Borrower or the Agent identifying the requirements for such
exemption or reduction, supplying all applicable documentation and specifying the time period within which 

  
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documentation is to be provided under this Section 2.14(g) (or such application is to be made); provided, further, that notwithstanding the foregoing, the
completion, execution and submission of such documentation 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. Without limiting the Lenders’ obligations under the preceding sentence, each Lender agrees that it will, without material cost or other material disadvantage (as determined
in such Lender’s good faith judgment), cooperate with such Borrower to minimize the applicable withholding tax burdens in such Foreign Jurisdiction. If any Lender becomes subject to any Tax because it fails to comply with this
Section 2.14(g), each Borrower shall take such steps as such Lender shall reasonably request to assist such Lender to recover such Tax. The Agent agrees that it will provide administrative and ministerial assistance to each
relevant Borrower with respect to any payments made by such Borrower to the Lenders, and the calculation, reporting, withholding and remitting of any Taxes imposed by such Foreign Jurisdiction to the appropriate Governmental Authority.
Notwithstanding the foregoing, (i) the Borrowers shall retain primary responsibility for ascertaining the requirements of applicable law and providing to the Lenders the written notice described in the first sentence of this
Section 2.14(g), and (ii) no failure by the Agent to meet any obligations under this Section 2.14(g) shall operate to excuse any Borrower from its obligations to the Lenders under this
Section 2.14(g). In all events, as between the Company and the Agent, the Company shall make all final decisions concerning whether payments to a Lender are subject to any withholding. 

(h) If the Agent or a Lender (or an assignee) determines, in its reasonable discretion, that it has received a refund of any Indemnified Taxes
or Other Taxes as to which it has been indemnified by any Borrower or with respect to which any Borrower has paid additional amounts pursuant to this Section 2.14, it shall pay over such refund plus any interest received
from the Governmental Authority, to such Borrower (but only to the extent of indemnity payments made, or additional amounts paid, by such Borrower under this Section 2.14 with respect to the Indemnified Taxes or the Other
Taxes giving rise to such refund), net of all out-of-pocket expenses of the Agent or such Lender (or assignee). Notwithstanding anything to the contrary in this
clause (h), in no event will a Lender or the Agent be required to pay any amount to any Borrower pursuant to this clause (h) the payment of which would place the Lender or Agent in a less favorable
net after-Tax position than it 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 Lender or Agent to make available its Tax returns (or any other information relating to its Taxes that it deems confidential) to
any Borrower or any other Person. 
 SECTION 2.15 Sharing of Payments, Etc. If any Lender shall, by exercising any right of
setoff or counterclaim or otherwise, obtain payment in respect of any principal of or interest on any of its Advances or other obligations hereunder resulting in such Lender receiving payment of a proportion of the aggregate amount of its Advances
and accrued interest thereon or other such obligations greater than its pro rata share thereof as provided herein, then the Lender receiving such greater proportion shall (a) notify the Agent of such fact, and (b) purchase (for cash at
face value) participations in the Advances and such other obligations of the other Lenders, or make such other adjustments as shall be equitable, so that the benefit of all such payments shall be shared by the Lenders ratably in accordance with the
aggregate amount of principal of and accrued interest on their respective Advances and other amounts owing them; provided that: 

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

(ii) the provisions of this paragraph shall not be construed to apply to (x) any payment made by any Borrower 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), or (y) any payment obtained by a Lender as consideration for the assignment of or sale of a
participation in any of its Advances or participations in L/C Obligations to any assignee or participant, other than to Holdings or any Restricted Subsidiary thereof (as to which the provisions of this paragraph shall apply). 

Each Borrower consents to the foregoing and agrees, to the extent it may effectively do so under applicable law, that any Lender acquiring a
participation pursuant to the foregoing arrangements may exercise against each Borrower rights of setoff and counterclaim with respect to such participation as fully as if such Lender were a direct creditor of each Borrower in the amount of such
participation. 
 SECTION 2.16 Evidence of Debt. (a) Each Lender shall maintain in accordance with its usual practice an
account or accounts evidencing the Debt of each Borrower to such Lender resulting from each Advance owing to such Lender from time to time hereunder, including the amounts of principal and interest payable and paid to such Lender from time to time
hereunder in respect of Advances. Each Borrower agrees that upon notice by any Lender to such Borrower (with a copy of such notice to the Agent) to the effect that a Note is required or appropriate in order for such Lender to evidence (whether for
purposes of pledge, enforcement or otherwise) the Advances owing to, or to be made by, such Lender to such Borrower, such Borrower shall promptly execute and deliver to such Lender a Note payable to the order of such Lender in a principal amount up
to the Revolving Credit Commitment of such Lender. 
 (b) The Register maintained by the Agent pursuant to
Section 9.07(c) shall include a control account, and a subsidiary account for each Lender, in which accounts (taken together) shall be recorded (i) the date and amount of each Borrowing made hereunder, the Type of
Advances comprising such Borrowing and, if appropriate, the Interest Period applicable thereto, (ii) the terms of each Incremental Increase Amendment and each Assignment and Assumption delivered to and accepted by it, (iii) the amount of
any principal or interest due and payable or to become due and payable from each Borrower to each Lender hereunder and (iv) the amount of any sum received by the Agent from such Borrower hereunder and each Lender’s share thereof. 

(c) Entries made in good faith by the Agent in the Register pursuant to subsection (b) above, and by each Lender in its account or
accounts pursuant to subsection (a) above, shall be prima facie evidence of the amount of principal and interest due and payable or to become due and payable from each Borrower to, in the case of the Register, each Lender and, in
the case of such account or accounts, such Lender, under this Agreement, absent manifest error; provided, however, that the failure of the Agent or such Lender to make an entry, or any finding that an entry is incorrect, in the
Register or such account or accounts shall not limit or otherwise affect the obligations of any Borrower under this Agreement. 

  
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 SECTION 2.17 Use of Proceeds. The proceeds of the Advances shall be available
(and each Borrower agrees that it shall use such proceeds) solely for general corporate purposes of Holdings and its Restricted Subsidiaries. 

SECTION 2.18 Increase in the Revolving Credit Commitments. (a) The Company may, at any time but in any event not more than
twice in any calendar year prior to the Termination Date, by notice to the Agent, request that the amount of the Revolving Credit Commitments be increased (each a “Commitment Increase”) by an aggregate principal amount not to exceed
$150,000,000, to be effective as of a date that is at least 90 days prior to the scheduled Termination Date then in effect (the “Increase Date”) as specified in the related notice to the Agent; provided, however that
(i) in no event shall the aggregate amount of the Revolving Credit Commitments at any time exceed $650,000,000 and (ii) on the date of any request by the Company for a Commitment Increase and on the related Increase Date the applicable
conditions set forth in Article III shall be satisfied. The Company may, in its sole discretion, offer any such Commitment Increase to one or more existing Lenders or one or more Eligible Assignee (provided that the Revolving Credit
Commitment of each such Eligible Assignee shall be in an amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereof). 

(b) The notice provided by the Company to the Agent pursuant to clause (a) above shall include (i) the proposed amount of
such requested Commitment Increase, (ii) the proposed Increase Date and (iii) the identity of each existing Lender and each Eligible Assignee to whom the Company proposes any portion of such Commitment Increase be allocated and the amounts
of such allocations (provided that any existing Lender approached to provide all or a portion of the increased or new Commitments may elect or decline, in its sole discretion, to provide such increased or new Commitment) and (iv) the
date (which shall be earlier than the Increase Date) by which such existing Lenders and such Eligible Assignees must commit to an increase in the amount of their respective Revolving Credit Commitments (the “Commitment Date”). Each
existing Lender that is approached to participate in such requested Commitment Increase (if any) (each an “Increasing Lender”) and each Eligible Assignee that accepts an offer to participate in a requested Commitment Increase in
accordance with Section 2.18(a) (if any) (each such Eligible Assignee, an “Incremental Lender”) shall, in its sole discretion, give written notice to the Agent on or prior to the Commitment Date of the
amount by which it is willing to increase its Revolving Credit Commitment or provide a new Commitment, as applicable (and any failure by any such Lender or Eligible Assignee, as applicable, to respond to such request for a Commitment Increase shall
be deemed to be a rejection by such Lender or Eligible Assignee, as applicable, of such request). 
 (c) [Reserved]. 

(d) On each Increase Date, each Incremental Lender shall become a Lender party to this Agreement as of such Increase Date and the Revolving
Credit Commitment of each Increasing Lender for such requested Commitment Increase shall be so increased by such amount as of such Increase Date; provided, however, that the Agent shall have received on or before such Increase Date the
following, each dated such date: 

  
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 (i) a customary opinion of counsel for the Loan Parties, in form and
substance reasonably satisfactory to the Agent; 
 (ii) an agreement from each Incremental Lender, if any, in form and
substance reasonably satisfactory to the Company and the Agent (each an “Incremental Increase Amendment”) duly executed by such Eligible Assignee, the Agent and the Company; 

(iii) a certificate attesting to the Solvency of Holdings and its Subsidiaries (taken as a whole) on the Effective Date, from
the Financial Officer, substantially in the form attached hereto as Exhibit F; 
 (iv) confirmation from each
Increasing Lender of the increase in the amount of its Revolving Credit Commitment in a writing reasonably satisfactory to the Company and the Agent; and 

(v) any other documents that the Agent may reasonably request. 

On each Increase Date, upon fulfillment of the conditions set forth in the immediately preceding sentence of this Section 2.18(d),
the Agent shall notify the Lenders (including, without limitation, each Incremental Lender) and the Company, on or before 1:00 P.M. (New York City time), by email, of the occurrence of the Commitment Increase to be effected on such Increase Date and
shall record in the Register the relevant information with respect to each Increasing Lender and each Incremental Lender on such date. Each Increasing Lender and each Incremental Lender shall, before 2:00 P.M. (New York City time) on the Increase
Date, purchase that portion of outstanding Advances of the other Lenders or take such other actions as the Agent may determine to be necessary to cause the Advances to be funded and held on a pro rata basis by the Lenders in accordance with their
Ratable Shares. 
 SECTION 2.19 Compensation for Losses. In the event of (a) the payment of any principal of any Term
SOFR Advance other than on the Interest Payment Date therefor (including as a result of an Event of Default), (b) the Conversion of any Term SOFR Advance other than on the Interest Payment Date therefor (including as a result of an Event of
Default), (c) the failure to borrow, Convert, continue or prepay any Term SOFR Advance on the date specified in any notice delivered pursuant hereto, or (d) the assignment of any Term SOFR Advance other than on the Interest Payment Date
therefor as a result of a request by the Borrower pursuant to Section 2.21(b), then, in any such event, the Company shall compensate each Lender for any loss, cost and expense attributable to such event, including any loss,
cost or expense arising from the liquidation or redeployment of funds or from any fees payable. A certificate of any Lender setting forth any amount or amounts that such Lender is entitled to receive pursuant to this
Section 2.19 shall be delivered to the Company and shall be conclusive absent manifest error. The Company shall pay such Lender the amount shown as due on any such certificate within 10 days after receipt thereof. 

SECTION 2.20 Defaulting Lenders. (a) If any Letters of Credit are outstanding at the time a Lender becomes a Defaulting
Lender, and the Commitments have not been terminated in accordance with Section 6.01, then: 

  
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 (i) so long as no Default has occurred and is continuing, all or any part of
the Available Amount of outstanding Letters of Credit shall be reallocated among the Non-Defaulting Lenders in accordance with their respective Ratable Shares (disregarding any Defaulting Lender’s Revolving Credit Commitment) but only to the
extent that the sum of (A) the aggregate principal amount of all Advances made by such Non-Defaulting Lenders (in their capacity as Lenders) and outstanding at such time, plus (B) such Non-Defaulting Lenders’ Ratable Shares (before giving effect to the reallocation contemplated herein) of the Available Amount of all outstanding Letters of Credit, plus (C) the aggregate principal
amount of all Advances made by each Issuing Bank pursuant to Section 2.03(c) that have not been ratably funded by such Non-Defaulting Lenders and outstanding at such time, plus
(D) such Defaulting Lender’s Ratable Share of the Available Amount of such Letters of Credit, does not exceed the total of all Non-Defaulting Lenders’ Revolving Credit Commitments and, after
giving effect thereto with respect to each Non-Defaulting Lender, the sum of the Advances and participations in Letters of Credit (including any Advances made by an Issuing bank pursuant to
Section 2.03(c) that have not been ratably funded by the Lenders and outstanding at such time) does not exceed such Non-Defaulting Lender’s Revolving Credit Commitment; 

(ii) if the reallocation described in clause (i) above cannot, or can only partially, be effected, the Borrowers
shall within one Business Day following notice by any Issuing Bank, Cash Collateralize such Defaulting Lender’s Ratable Share of the Available Amount of such Letters of Credit (after giving effect to any partial reallocation pursuant to
clause (i) above) by paying cash collateral to such Issuing Bank; provided that, so long as no Default shall be continuing, such cash collateral shall be released promptly upon the earliest of (A) the reallocation of the
Available Amount of outstanding Letters of Credit among Non-Defaulting Lenders in accordance with clause (i) above, (B) the termination of the Defaulting Lender status of the applicable Lender or
(C) such Issuing Bank’s good faith determination that there exists excess cash collateral (in which case, the amount equal to such excess cash collateral shall be released); 

(iii) if the Ratable Shares of Letters of Credit of the Non-Defaulting Lenders are
reallocated pursuant to this Section 2.20(a), then the fees payable to the Lenders pursuant to Section 2.04(b)(i) shall be adjusted in accordance with such
Non-Defaulting Lenders’ Ratable Shares of Letters of Credit; 
 (iv) if any
Defaulting Lender’s Ratable Share of Letters of Credit is neither Cash Collateralized nor reallocated pursuant to this Section 2.20(a), then, without prejudice to any rights or remedies of any Issuing Bank or any
Lender hereunder, all Letter of Credit fees payable under Section 2.04(b)(i) with respect to such Defaulting Lender’s Ratable Share of Letters of Credit shall be payable to the applicable Issuing Bank until such
Defaulting Lender’s Ratable Share of Letters of Credit is Cash Collateralized and/or reallocated; and 
 (v) to the
extent that the Available Amount of any outstanding Letter of Credit is Cash Collateralized by the Borrowers pursuant to this Section 2.20, the Borrowers shall not be required to pay any commission otherwise payable
pursuant to Section 2.04(b)(i) on that portion of the Available Amount that is so Cash Collateralized. 

  
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 (b) So long as any Lender is a Defaulting Lender, no Issuing Bank shall be required to
issue, amend or increase any Letter of Credit unless it is satisfied that the related exposure will be 100% covered by the Revolving Credit Commitments of the Non-Defaulting Lenders and/or cash collateral will
be provided by the Company, and participating interests in any such newly issued or increased Letter of Credit shall be allocated among Non-Defaulting Lenders in a manner consistent with
Section 2.20(a)(i) (and Defaulting Lenders shall not participate therein). 
 (c) No Revolving Credit Commitment
of any Lender shall be increased or otherwise affected, and, except as otherwise expressly provided in this Section 2.20, performance by the Borrowers of their obligations shall not be excused or otherwise modified as a
result of the operation of this Section 2.20. The rights and remedies against a Defaulting Lender under this Section 2.20 are in addition to any other rights and remedies which the Borrowers, the
Agent, any Issuing Bank or any Lender may have against such Defaulting Lender. Subject to Section 9.19, no reallocation hereunder shall constitute a waiver or release of any claim of any party hereunder against a Defaulting
Lender arising from that Lender having become a Defaulting Lender, including any claim of a Non-Defaulting Lender as a result of such Non-Defaulting Lender’s
increased exposure following such reallocation. 
 (d) If the Borrowers, the Agent and each Issuing Bank agree in writing in their
reasonable determination that a Defaulting Lender should no longer be deemed to be a Defaulting Lender, the Agent will so notify the parties hereto, whereupon as of the effective date specified in such notice and subject to any conditions set forth
therein (which may include arrangements with respect to any cash collateral), that Lender will, to the extent applicable, purchase that portion of outstanding Advances of the other Lenders or take such other actions as the Agent may determine to be
necessary to cause the Advances and funded and unfunded participations in Letters of Credit to be held on a pro rata basis by the Lenders in accordance with their Ratable Share (without giving effect to Section 2.20(a)),
whereupon such Lender will cease to be a Defaulting Lender; provided that no adjustments will be made retroactively with respect to fees accrued or payments made by or on behalf of any Borrower while that Lender was a Defaulting Lender; and
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. 
 (e) Notwithstanding anything to the contrary contained in this Agreement, any payment
of principal, interest, commitment fees, Letter of Credit commissions or other amounts received by the Agent for the account of any Defaulting Lender under this Agreement (whether voluntary or mandatory, at maturity, pursuant to Article VI or
otherwise) shall be applied at such time or times as may be reasonably determined by the Agent as follows: first, to the payment of any amounts owing by such Defaulting Lender to the Agent hereunder; second, to the payment on a pro
rata basis of any amounts owing by such Defaulting Lender to any Issuing Bank hereunder; third, if so reasonably determined by the Agent or requested by any Issuing Bank, to be held as cash collateral for future funding obligations of such
Defaulting Lender in respect of any participation in any Letter of Credit; fourth, as the Borrowers may request (so long as no Default exists), to the funding of any Advance in respect of which that Defaulting Lender has failed to fund its
portion thereof as required by this Agreement, as reasonably determined by the Agent; fifth, if so reasonably determined by the Agent and the Borrowers, to be held in the L/C Cash Deposit Account and released in order to satisfy obligations
of such Defaulting Lender to fund 

  
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Advances under this Agreement; sixth, to the payment of any amounts owing to the Lenders or the Issuing Banks as a result of any judgment of a court of competent jurisdiction obtained by
any Lender or Issuing Bank against such Defaulting Lender as a result of such Defaulting Lender’s breach of its obligations under this Agreement; seventh, so long as no Default exists, to the payment of any amounts owing to any Borrower
as a result of any judgment of a court of competent jurisdiction obtained by such Borrower against such Defaulting Lender as a result of such Defaulting Lender’s breach of its obligations under this Agreement; and eighth, to such
Defaulting Lender or as otherwise directed by a court of competent jurisdiction; provided that if (x) such payment is a payment of the principal amount of any Advance in respect of which such Defaulting Lender has not fully funded its
appropriate share, and (y) such Advances were made or the related Letters of Credit were issued at a time when the applicable conditions set forth in Article III were satisfied or waived, such payment shall be applied solely to pay the
Advances of all Non-Defaulting Lenders on a pro rata basis prior to being applied to the payment of any Advances of such Defaulting Lender and provided, further that any amounts held as cash
collateral for funding obligations of a Defaulting Lender shall be returned to such Defaulting Lender upon the termination of this Agreement and the satisfaction of such Defaulting Lender’s obligations hereunder. Any payments, prepayments or
other amounts paid or payable to a Defaulting Lender that are applied (or held) to pay amounts owed by a Defaulting Lender or to post cash collateral pursuant to this Section 2.20 shall be deemed paid to and redirected by
such Defaulting Lender, and each Lender irrevocably consents hereto. 
 SECTION 2.21 Mitigation Obligations; Replacement of
Lenders. (a) Designation of a Different Lending Office. If any Lender requests compensation under Section 2.11, or requires a Borrower to pay any Indemnified Taxes or additional amounts to any Lender or any
Governmental Authority for the account of any Lender pursuant to Section 2.14, then such Lender shall (at the request of the Company) use reasonable efforts to designate a different lending office for funding or booking its
Advances hereunder or to assign its rights and obligations hereunder to another of its offices, branches or affiliates, if, in the judgment of such Lender, such designation or assignment (i) would eliminate or reduce amounts payable pursuant to
Section 2.11 or 2.14, as the case may be, in the future, and (ii) would not subject such Lender to any unreimbursed cost or expense and would not otherwise be disadvantageous to such Lender. The Company hereby
agrees to pay all reasonable costs and expenses incurred by any Lender in connection with any such designation or assignment. 
 (b)
Replacement of Lenders. If any Lender requests compensation under Section 2.11, or if any Borrower is required to pay any Indemnified Taxes or additional amounts to any Lender or any Governmental Authority for the
account of any Lender pursuant to Section 2.14 and, in each case, such Lender has declined or is unable to designate a different lending office in accordance with Section 2.21(a), or if any Lender
is a Defaulting Lender or a Lender that does not approve any consent, waiver or amendment that (i) requires the approval of all affected Lenders in accordance with the terms of Section 9.01 and (ii) has been
approved by the Required Lenders (a “Non-Approving Lender”), then the Company may, at its sole expense and effort, upon notice to such Lender and the 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 9.07), all of its interests, rights (other than its existing rights to payments pursuant to
Section 2.11, Section 2.14 or Section 2.19) and obligations under this Agreement to an Eligible Assignee that shall assume such obligations (which assignee may be another Lender,
if a Lender accepts such assignment); provided that: 

  
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 (i) the Agent shall have received the assignment fee (if any) specified in
Section 9.07; 
 (ii) such Lender shall have received payment of an amount equal to the outstanding
principal of its Advances, accrued interest thereon, accrued fees and all other amounts payable to it hereunder (including any amounts under Section 9.04(e)) 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 a claim for compensation under Section 2.11 or payments required to be made pursuant to Section 2.14, such assignment will result in a reduction in such compensation or
payments thereafter; 
 (iv) such assignment does not conflict with applicable law; and 

(v) in the case of any assignment resulting from a Lender becoming a Non-Approving
Lender, the applicable assignee shall have consented to the applicable amendment, waiver or consent. 
 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 Company to require such assignment and delegation cease to apply. 

SECTION 2.22 Benchmark Replacement. 

(a) Benchmark Replacement. Notwithstanding anything to the contrary herein or in any other Loan Document, upon the occurrence of a
Benchmark Transition Event, then such Benchmark Replacement will replace such Benchmark for all purposes hereunder and under any Loan Document in respect of any Benchmark setting at or after 5:00 p.m. (New York City time) on the fifth (5th) Business
Day after the Agent has posted such proposed amendment to all affected Lenders and the Company so long as the Agent has not received, by such time, written notice of objection to such amendment from Lenders comprising the Required Lenders. 

(b) Benchmark Replacement Conforming Changes. In connection with the use, administration, adoption or implementation of a Benchmark
Replacement, the Agent will have the right to make Conforming Changes from time to time and, notwithstanding anything to the contrary herein or in any other Loan Document, any amendments implementing such Conforming Changes will become effective
without any further action or consent of any other party to this Agreement or any other Loan Document. 
 (c) Notices; Standards for
Decisions and Determinations. The Agent will promptly notify the Company and the Lenders of (i) the implementation of any Benchmark Replacement and (ii) the effectiveness of any Conforming Changes in connection with the use,
administration, adoption or implementation of a Benchmark Replacement. The Agent will promptly notify the Company of the removal or reinstatement of any tenor of a Benchmark 

  
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pursuant to Section 2.22(d). Any determination, decision or election that may be made by the Agent or, if applicable, any Lender (or group of Lenders) pursuant to this Section 2.22,
including any determination with respect to a tenor, rate or adjustment or of the occurrence or non-occurrence of an event, circumstance or date and any decision to take or refrain from taking any action or
any selection, will be conclusive and binding absent manifest error and may be made in its or their sole discretion and without consent from any other party to this Agreement or any other Loan Document, except, in each case, as expressly required
pursuant to this Section 2.22. 
 (d) Unavailability of Tenor of Benchmark. Notwithstanding anything to the contrary herein
or in any other Loan Document, at any time (including in connection with the implementation of a Benchmark Replacement), (i) if the then-current Benchmark is a term rate (including any Term Benchmark) and either (A) any tenor for such Benchmark
is not displayed on a screen or other information service that publishes such rate from time to time as selected by the Agent in its reasonable discretion or (B) the administrator of such Benchmark or the regulatory supervisor for the
administrator of such Benchmark has provided a public statement or publication of information announcing that any tenor for such Benchmark is not or will not be representative or in compliance with or aligned with the International Organization of
Securities Commissions (IOSCO) Principles for Financial Benchmarks, then the Agent may modify the definition of “Interest Period” (or any similar or analogous definition) for any Benchmark settings at or after such time to remove such
unavailable, non-representative, non-compliant or non-aligned tenor and (ii) if a tenor that was removed pursuant to
clause (i) above either (A) is subsequently displayed on a screen or information service for a Benchmark (including a Benchmark Replacement) or (B) is not, or is no longer, subject to an announcement that it is not or will not
be representative or in compliance with or aligned with the International Organization of Securities Commissions (IOSCO) Principles for Financial Benchmarks for a Benchmark (including a Benchmark Replacement), then the Agent may modify the
definition of “Interest Period” (or any similar or analogous definition) for all Benchmark settings at or after such time to reinstate such previously removed tenor. 

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

ARTICLE III. 
 CONDITIONS TO
EFFECTIVENESS AND LENDING 
 SECTION 3.01 Conditions Precedent to Effectiveness. This Agreement shall become effective on the
first date on which the following conditions have been satisfied (the “Effective Date”): 

  
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 (a) The Company shall have notified each Lender and the Agent in writing as to the proposed
Effective Date; 
 (b) The Company shall have paid all accrued fees and expenses of the Agent and the Lenders (including pursuant to the
Engagement Letter and the Agency Fee Letter) required to be paid by it; 
 (c) All outstanding obligations of the Company under the Existing
Credit Agreement shall be repaid, all commitments thereunder and all Guarantees, liens and security interests granted in connection therewith shall be terminated (the “Refinancing”); 

(d) The Agent and the Lenders shall have received at least three Business Days prior to the Effective Date, to the extent requested in writing
at least five Business Days prior to the Effective Date, all documentation and other information that the Agent and the Lenders reasonably determine is necessary in order to allow the Agent and the Lenders to comply with applicable “know your
customer” and anti-money laundering rules and regulations, including the Patriot Act and the Beneficial Ownership Regulation; 
 (e) On
the Effective Date, the following statements shall be true and the Agent shall have received for the account of each Lender a certificate signed by a Responsible Officer, dated the Effective Date, stating that: 

(i) No Material Adverse Change shall have occurred and be continuing since December 31, 2021, 

(ii) There shall exist no action, suit, investigation, litigation or proceeding affecting Holdings or any of its Subsidiaries
pending or threatened before any court, governmental agency or arbitrator that (i) except for the Disclosed Matters, could be reasonably likely to have a Material Adverse Effect or (ii) purports to affect the legality, validity or
enforceability of this Agreement or any Note or the consummation of the transactions contemplated hereby, 
 (iii) The
representations and warranties contained in Section 4.01 are correct on and as of the Effective Date, and 

(iv) No event has occurred and is continuing that constitutes a Default; 

(f) The Agent shall have received on or before the Effective Date the following, each dated such day, in form and substance satisfactory to
the Agent and (except for the Notes) in sufficient copies for each Lender: 
 (i) Executed copies of this Agreement and the
Collateral Documents to be executed on the Effective Date, executed by each Loan Party party thereto, together with: 
 (A)
copies of a recent Lien search in each jurisdiction reasonably requested by the Agent with respect to the Loan Parties, 

  
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 (B) evidence that all filings under the UCC shall have been taken, completed
or otherwise provided for in a manner reasonably satisfactory to the Agent, 
 (C) certificates, if any, representing the
pledged equity referred to therein accompanied by undated stock powers executed in blank and (if applicable) instruments evidencing the pledged debt referred to therein endorsed in blank, and 

(D) any other documents and instruments as may be necessary or advisable in the reasonable opinion of the Agent to vest in the
Agent valid and subsisting first-priority perfected Liens on the properties purported to be subject to the Collateral Documents, enforceable against all third parties in accordance with their terms, 

(ii) The Notes of the Company to the order of the Lenders to the extent requested by any Lender pursuant to
Section 2.16, 
 (iii) A certificate of each Loan Party, dated the Effective Date and executed by a
Responsible Officer, which shall: 
 (A) certify that attached thereto is a true and complete copy of the resolutions,
written consents or extracts of minutes of a meeting, as applicable, of its board of directors, board of managers, supervisory board, shareholders, members or other governing body (as the case may be and in each case, to the extent required)
authorizing the execution, delivery and performance of the Loan Documents to which it is a party and, in the case of the Company, the borrowings hereunder, and that such resolutions or written consents have not been modified, rescinded or amended
and are in full force and effect, 
 (B) identify by name and title and bear the signatures of the Responsible Officer or
authorized signatory of such Loan Party on the Effective Date that is authorized to sign the Loan Documents to which it is a party on the Effective Date, as applicable and 

(C) certify (I) that attached thereto is a true and complete copy of the certificate or articles of incorporation or
organization (or memorandum of association, articles of association or other equivalent thereof) of each Loan Party on the Effective Date (certified by the relevant authority of the jurisdiction of organization of such Loan Party) and a true and
correct copy of its by-laws or operating, management, partnership or similar agreement (to the extent applicable) and (II) that such documents or agreements have not been amended (except as otherwise
attached to such certificate and certified therein as being the only amendments thereto as of such date) and 
 (iv) A good
standing certificate, dated as of a recent date for each such Loan Party from its jurisdiction of organization, 

  
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 (v) A favorable opinion of Nixon Peabody LLP, counsel for the Loan Parties,
in form and substance reasonably satisfactory to the Agent, 
 (vi) A certificate attesting to the Solvency of Holdings and
its Subsidiaries (taken as a whole) on the Effective Date, from the Financial Officer, substantially in the form attached hereto as Exhibit F, 

(vii) The Agent shall have received a certificate from the Company’s insurance broker or other evidence reasonably
satisfactory to it that all insurance required to be maintained pursuant to Section 5.01(c) is in full force and effect, together with endorsements naming the Agent, for the benefit of the Secured Parties, as additional
insured and loss payee thereunder to the extent required under Section 5.01(c), 
 (viii) A
Perfection Certificate, 
 (ix) The Agent shall have received from the Company any designation in writing with respect to any
letters of credit constituting Secured Cash Management Agreements as of the Effective Date, and 
 (x) If any Borrowings are
to be made on the Effective Date, a Notice of Borrowing pursuant to Section 2.02(a). 
 SECTION 3.02
Initial Advance to Each Designated Subsidiary. The obligation of each Lender to make an initial Advance to each Designated Subsidiary is subject to the receipt by the Agent on or before the date that is at least five days prior to the
proposed date of such initial Advance of each of the following, in form and substance reasonably satisfactory to the Agent and dated such date, and (except for the Notes) in sufficient copies for each Lender: 

(a) The Notes of such Designated Subsidiary to the order of the Lenders to the extent requested by any Lender pursuant to
Section 2.16; 
 (b) Certified copies of the resolutions of the board of directors or other governing body of such
Designated Subsidiary approving this Agreement and the Notes to be delivered by it, its Designation Agreement and the Notes to be delivered by it, and of all documents evidencing other necessary corporate action and governmental approvals, if any,
with respect to this Agreement; 
 (c) A certificate of a proper officer of such Designated Subsidiary certifying the names and true
signatures of the officers of such Designated Subsidiary authorized to sign its Designation Agreement and the Notes to be delivered by it and the other documents to be delivered by it hereunder; 

(d) A certificate signed by a Responsible Officer certifying that such Designated Subsidiary has obtained all governmental and third party
authorizations, consents, approvals (including exchange control approvals) and licenses required under applicable laws and regulations necessary for such Designated Subsidiary to execute and deliver its Designation Agreement and the Notes to be
delivered by it and to perform its obligations hereunder and thereunder; 

  
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 (e) A Designation Agreement duly executed by such Designated Subsidiary and the Company;

 (f) Favorable opinions of counsel to such Designated Subsidiary in form and substance reasonably satisfactory to the Agent, and as to
such other matters as any Lender through the Agent may reasonably request; 
 (g) Favorable opinions of counsel to the Loan Parties as to
the enforceability of the Loan Documents; and 
 (h) Such other approvals, opinions or documents as any Lender, through the Agent may
reasonably request. 
 SECTION 3.03 Conditions Precedent to Each Borrowing, Issuance and Commitment Increase. The obligation of
each Lender to make an Advance (other than an Advance made by any Issuing Bank or any Lender pursuant to Section 2.03(c)) on the occasion of each Borrowing, the obligation of each Issuing Bank to issue a Letter of Credit,
each Commitment Increase shall be subject to the conditions precedent that the Effective Date shall have occurred and on the date of such Borrowing, such issuance or the applicable Increase Date (as the case may be) (a) the following statements
shall be true (and each of the giving of the applicable Notice of Borrowing, Notice of Issuance or request for Commitment Increase and the acceptance by any Borrower of the proceeds of such Borrowing, such issuance, such Increase Date or such
extension of Commitments shall constitute a representation and warranty by such Borrower that on the date of such Borrowing, such issuance or such Increase Date such statements are true): 

(i) the representations and warranties contained in Section 4.01 are correct on and as of such date
(except to the extent such representations and warranties specifically relate to an earlier date, in which case such representations and warranties shall have been true on and as of such earlier date), before and after giving effect to such
Borrowing, such issuance, such Commitment Increase or such extension of Commitments and to the application of the proceeds therefrom, as though made on and as of such date, and additionally, if such Borrowing or issuance shall have been requested by
a Designated Subsidiary, the representations and warranties of such Designated Subsidiary contained in its Designation Agreement are correct on and as of the date of such Borrowing or such issuance, before and after giving effect to such Borrowing,
such issuance or such Commitment Increase and to the application of the proceeds therefrom, as though made on and as of such date (except to the extent such representations and warranties specifically relate to an earlier date, in which case such
representations and warranties shall have been true on and as of such earlier date), and 
 (ii) no event has occurred and is
continuing, or would result from such Borrowing, such issuance, such Commitment Increase or such extension of Commitments or from the application of the proceeds therefrom, that constitutes a Default. 

  
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 SECTION 3.04 Determinations Under Section 3.01. For purposes
of determining compliance with the conditions specified in Section 3.01, each Lender shall be deemed to have consented to, approved or accepted or to be satisfied with each document or other matter required thereunder to be
consented to or approved by or acceptable or satisfactory to the Lenders unless an officer of the Agent responsible for the transactions contemplated by this Agreement shall have received notice from such Lender prior to the date that the Company,
by notice to the Lenders, designates as the proposed Effective Date or the date of the initial Advance to the applicable Designated Subsidiary, as the case may be, specifying its objection thereto. The Agent shall promptly notify the Lenders of the
occurrence of the Effective Date and each date of initial Advance to a Designated Subsidiary, as applicable. 
 ARTICLE IV. 

REPRESENTATIONS AND WARRANTIES 

SECTION 4.01 Representations and Warranties. The Company and Holdings represent and warrant as follows: 

(a) Each Loan Party is duly organized, validly existing and in good standing (to the extent such concept is applicable in the relevant
jurisdiction) under the laws of the jurisdiction of its organization. 
 (b) The execution, delivery and performance by each Loan Party of
the Loan Documents to be delivered by it, and the consummation of the transactions contemplated hereby, are within its corporate or similar powers, have been duly authorized by all necessary corporate or similar action, and do not contravene
(i) its organizational documents or by-laws, (ii) any law applicable to it or (iii) any indenture or other agreement governing Debt or other material agreement or other instrument binding upon
it, any of its Restricted Subsidiaries or any of their properties, or give rise to a right thereunder to require it or any of its Restricted Subsidiaries to make any payment thereunder. 

(c) No authorization or approval or other action by, and no notice to or filing with, any Governmental Authority or regulatory body or any
other third party is required for (a) the due execution, delivery and performance by each Loan Party of the Loan Documents to be delivered by it, (b) the grant by any Loan Party of the Liens granted by it pursuant to the Collateral
Documents or (c) the perfection or maintenance of the Liens created under the Collateral Documents (including the priority thereof), except for (x) filings and actions completed on or prior to the Effective Date and as contemplated hereby
and by the Collateral Documents necessary to perfect or maintain the Liens on the Collateral granted by the Loan Parties in favor of the Agent for the benefit of the Secured Parties (including, without limitation, UCC financing statements and
filings in the United States Patent and Trademark Office and the United States Copyright Office) and (y) approvals, consents, exemptions, authorizations, actions, notices and filings which have been duly obtained or where the failure to obtain
the same would not have a Material Adverse Effect. 
 (d) The Loan Documents to be delivered by it when delivered hereunder will have been,
duly executed and delivered by each Loan Party party thereto. The Loan Documents to which it is a party, when delivered hereunder will be, the legal, valid and binding obligation of each Loan Party enforceable against it in accordance with their
respective terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium and other laws affecting creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in
equity or at law. 

  
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 (e) The Consolidated balance sheet of Holdings and its Restricted Subsidiaries as at
December 31, 2021, and the related Consolidated statements of income and cash flows of Holdings and its Restricted Subsidiaries for the fiscal year then ended, accompanied by an opinion of PricewaterhouseCoopers LLP, independent public
accountants, and the Consolidated balance sheet of Holdings and its Restricted Subsidiaries as at March 31, 2022, and the related Consolidated statements of income and cash flows of Holdings and its Restricted Subsidiaries for the three months
then ended, duly certified by the Financial Officer of Holdings, copies of which have been furnished to each Lender, fairly present, subject, in the case of said balance sheet as at March 31, 2022, and said statements of income and cash flows
for the three months then ended, to year-end audit adjustments, the Consolidated financial condition of Holdings and its Restricted Subsidiaries as at such dates and the Consolidated results of the operations
of Holdings and its Restricted Subsidiaries for the periods ended on such dates, all in accordance with generally accepted accounting principles consistently applied. No Material Adverse Change has occurred and is continuing since December 31,
2021. 
 (f) There is no pending or, to the knowledge of Holdings or the Company, threatened action, suit, investigation, litigation or
proceeding, including, without limitation, any Environmental Action, affecting Holdings or any of its Restricted Subsidiaries before any court, governmental agency or arbitrator that (i) except for the Disclosed Matters, could reasonably be
expected to result in a Material Adverse Effect or (ii) purports to affect the legality, validity or enforceability of this Agreement or any Note or the consummation of the transactions contemplated hereby. 

(g) No Borrower is engaged or will engage, principally or as one of its important activities, in the business of purchasing or carrying margin
stock (within the meaning of Regulation U issued by the Board of Governors of the Federal Reserve System), or extending credit for the purpose of purchasing or carrying margin stock. 

(h) No Borrower is an “investment company”, or a company “controlled” by an “investment company”, within the
meaning of the Investment Company Act of 1940, as amended. 
 (i) The Lender Presentation and any other information, exhibit or report
furnished by or on behalf of the Company or any other Borrower to the Agent or any Lender in connection with the negotiation and syndication of this Agreement or pursuant to the terms of this Agreement (as modified or supplemented by other
information so furnished, when taken together as a whole and with the Disclosed Matters) is true and correct in all material respects and does not contain any untrue statement of a material fact or omitted to state a material fact necessary to make
the statements made therein, in light of the circumstances under which they were made, not misleading in any material respect, provided that, with respect to projected financial information, the Company represents only that such information
was prepared in good faith based on assumptions believed to be reasonable at the time, it being recognized by the Agent and the Lenders that such projections as to future events are not to be viewed as facts and that actual results during the period
or periods covered by any such projections may differ from the projected results and that such differences may be material. 

  
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 (j) The Company has implemented and maintains in effect policies and procedures developed in
accordance with standard industry practice and designed to reasonably ensure compliance by Holdings, its Subsidiaries and their respective officers, employees and agents with Anti-Corruption Laws and applicable Sanctions, and Holdings, its
Subsidiaries and their respective officers and, to the knowledge of the Company, their respective employees and agents, are in compliance with Anti-Corruption Laws and applicable Sanctions in all material respects. None of (a) Holdings, any
Subsidiary or any of their respective officers, or (b) to the knowledge of the Company, their respective employees or any agent of Holdings or any Subsidiary that will act in any capacity in connection with or benefit from the credit facility
established hereby, is a Sanctioned Person. 
 (k) No Borrower is an Affected Financial Institution. 

(l) As of the Effective Date, that no Borrower is nor will be (1) an employee benefit plan subject to Title I of ERISA, (2) a plan
or account subject to Section 4975 of the Internal Revenue Code; (3) an entity deemed to hold “plan assets” of any such plans or accounts for purposes of ERISA or the Internal Revenue Code; or (4) a “governmental
plan” within the meaning of ERISA. 
 (m) The Collateral Documents, upon execution and delivery by the parties thereto, are effective
to create in favor of the Agent, for the benefit of the applicable Secured Parties, legal, valid and enforceable first priority Liens on, and security interests in, the Collateral, subject, as to priority, to Liens permitted pursuant to
Section 5.02(a) and, (i) when all appropriate filings, notices or recordings are made in the appropriate offices, corporate records or with the appropriate Persons as may be required under applicable laws and/or any
Collateral Document (which filings, notices or recordings shall be made to the extent required by any Collateral Document) and (ii) upon the taking of possession or control by the Agent of such Collateral with respect to which a security
interest may be perfected only by possession or control (which possession or control shall be given to the Agent to the extent required by any Collateral Document), such Collateral Document will constitute perfected Liens on, and security interests
in, all right, title and interest of the Loan Parties in such Collateral, subject, as to priority, to Liens permitted pursuant to Section 5.02(a). 

(n) Each Loan Party has good record and marketable title to all owned property, or valid leasehold interests or valid licenses in all leased
or licensed property, reasonably necessary or used in the ordinary conduct of its business, except for such defects in title, or failure to obtain a valid leasehold interest or valid license as would not, individually or in the aggregate, reasonably
be expected to have a Material Adverse Effect. 
 (o) To the knowledge of Holdings, Holdings and its Restricted Subsidiaries own or possess
the right to use all of the trademarks, service marks, trade names, trade dress, logos, domain names, copyrights, patents, trade secrets and other intellectual property rights (collectively, “IP Rights”) that are used in the
operation of their respective businesses as currently conducted, without conflict with the rights of any other Person, except where the failure to own or possess the right to use any such IP Rights would not reasonably be expected to have a Material
Adverse Effect. The material IP Rights owned by Holdings and its Restricted Subsidiaries are, to the knowledge of Holdings, valid and enforceable, and are held by Holdings and its Restricted Subsidiaries free and clear of any Lien (other than Liens
permitted by Section 5.02(a)). To the 

  
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knowledge of Holdings, no slogan or other advertising device, product, process, method, substance, part or other material or activity now employed, or now contemplated to be employed, by Holdings
or any Restricted Subsidiary infringes upon, misappropriates, dilutes or otherwise violates any IP Rights held by any other Person, except where such infringement, misappropriation, dilution or other violation would not reasonably be expected to
have a Material Adverse Effect. 
 (p) The properties of Holdings and its Restricted Subsidiaries are insured with financially sound and
reputable insurance companies that are not Affiliates of any Borrower, in such amounts, with such deductibles and covering such risks as are commercially reasonable. 

(q) As of the Effective Date, Holdings has no Subsidiaries other than those specifically disclosed in Part (a) of Schedule
4.01(q), and all of the outstanding Equity Interests in such Subsidiaries have been validly issued, are fully paid and nonassessable and are owned by Holdings or one or more of its Subsidiaries in the amounts specified on Part (a) of
Schedule 4.01(q) free and clear of all Liens except those created under the Collateral Documents. As of the Effective Date, (x) Holdings has no Equity Interests in any other Person other than (i) those specifically disclosed in Part
(b) of Schedule 4.01(q) and (ii) Equity Interests in Subsidiaries and (y) there are no Unrestricted Subsidiaries other than those listed on Part (c) of Schedule 4.01(q). All of the outstanding Equity
Interests in Holdings have been validly issued and are fully paid and nonassessable. 
 (r) As of the Effective Date, Holdings and its
Subsidiaries have filed all federal, state and other tax returns and reports required to be filed, and paid (i) all taxes, assessments and governmental charges or levies imposed upon it or upon its property, income or assets and (ii) all
lawful claims that, if unpaid, might by law become a Lien upon its property; except any such tax, assessment, charge or claim (x) that is being contested in good faith and by proper proceedings and as to which appropriate reserves are being
maintained or (y) as to which failure to make payment could not reasonably be expected to result in a Material Adverse Effect. 
 (s)
Holdings and its Subsidiaries on a Consolidated basis are Solvent. 
 (t) Holdings and its Restricted Subsidiaries, as applicable, have good
record, valid and marketable title in fee simple to, or valid leasehold interests in (to the extent such ownership or leasing concepts are applicable to such property in the jurisdiction in which it resides), all real property (owned or leased)
necessary in the ordinary conduct of its business, free and clear of all Liens except for Permitted Liens. The material real property, taken as a whole, (i) is in good operating order, condition and repair (ordinary wear and tear excepted) and
(ii) constitutes all the property which is necessary for the business and operations of Holdings and its Restricted Subsidiaries as presently conducted except to the extent that any failure would not reasonably be expected to result in a
Material Adverse Effect. Schedule 4.01(t) contains, in all material respects, a true and complete list of each interest in Material Real Property owned by Holdings and its Restricted Subsidiaries. 

  
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 ARTICLE V. 

COVENANTS 
 SECTION 5.01
Affirmative Covenants. So long as any Advance shall remain unpaid, any Letter of Credit is outstanding or any Lender shall have any Commitment hereunder, the Company and Holdings shall: 

(a) Compliance with Laws, Etc. Comply, and cause each of its Subsidiaries to comply with all applicable laws, rules, regulations and
orders, such compliance to include, without limitation, compliance with ERISA, Environmental Laws and the Patriot Act, except where failures to do so, in the aggregate, could not reasonably be expected to result in a Material Adverse Effect, and
maintain in effect and enforce policies and procedures designed to ensure compliance in all material respects by Holdings, its Subsidiaries and their respective officers, employees and agents with Anti-Corruption Laws and applicable Sanctions.
Holdings and its Subsidiaries shall not become a Sanctioned Person or allow their respective employees, officers, directors, affiliates, consultants, brokers, and agents acting on their behalf in connection with this Agreement to become a Sanctioned
Person. 
 (b) Payment of Taxes, Etc. Pay and discharge, and cause each of its Restricted Subsidiaries to pay and discharge, before
the same shall become delinquent, (i) all taxes, assessments and governmental charges or levies imposed upon it or upon its property and (ii) all lawful claims that, if unpaid, might by law become a Lien upon its property; provided,
however, that neither Holdings nor any of its Restricted Subsidiaries shall be required to pay or discharge any such tax, assessment, charge or claim (x) that is being contested in good faith and by proper proceedings and as to which
appropriate reserves are being maintained or (y) as to which failure to make payment could not reasonably be expected to result in a Material Adverse Effect. 

(c) Maintenance of Insurance. 

(i) Maintain, and cause each of its Restricted Subsidiaries to maintain, with financially sound and reputable insurance
companies (that are not Affiliates of Holdings or any Borrower) insurance with respect to its properties and business against loss or damage of the kinds customarily insured against by Persons engaged in the same or similar business, of such types
and in such amounts as are customarily carried under similar circumstances by such other Persons, and providing for not less than 30 days’ prior notice to the Agent of termination, lapse or cancellation of such insurance, which insurance
(except as to Excluded Subsidiaries) shall name the Agent as loss payee (in the case of casualty insurance) or additional insured (in the case of liability insurance); provided, if any insurance proceeds are paid on account of a casualty to
assets or properties of any Loan Party constituting Collateral and at such time no Event of Default shall have occurred and is continuing, then the Agent shall take such actions, including endorsement, to cause any such insurance proceeds to be
promptly remitted to the Company to be used by the Company or such Loan Party in any manner not prohibited by this Agreement. 

  
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 (ii) With respect to each Mortgaged Property located in the United States,
obtain flood insurance in such total amount reasonably satisfactory to the Agent and as otherwise sufficient to comply in all material respects with all applicable rules and regulations, including Flood Laws, if at any time the area in which any
improvements located on any Mortgaged Property is designated a “flood hazard area” in any Flood Insurance Rate Map published by the Federal Emergency Management Agency (or any successor agency). 

(d) Preservation of Corporate Existence, Etc. Preserve and maintain, and cause each of its Restricted Subsidiaries to preserve and
maintain, its corporate existence, rights (charter and statutory) and franchises; provided, however, that the foregoing shall not prohibit (i) any merger or consolidation permitted under Section 5.02(b)
or any liquidation or dissolution of any Restricted Subsidiary that is not a Borrower, or (ii) failures (other than with respect to the existence of any Borrower) that, in the aggregate, could not reasonably be expected to have a Material
Adverse Effect. 
 (e) Visitation Rights. At any reasonable time and from time to time during normal business hours, permit the Agent
or any of the Lenders or any agents or representatives thereof (other than financial advisors or similar persons), to examine and make abstracts from the records and books of account of, and visit the properties of, Holdings and any of its
Restricted Subsidiaries, and to discuss the affairs, finances and accounts of Holdings and any of its Restricted Subsidiaries with any of their officers or directors and with their independent certified public accountants (in the presence of the
officers of Holdings or such Restricted Subsidiary); provided that (a) except as provided in Section 9.04 hereof, any inspection by any Lender or the Agent or any such representative shall be at such
Lender’s or the Agent’s own expense, as applicable, (b) the Lenders shall coordinate the timing of their inspections and provide reasonable notice thereof and (c) unless an Event of Default shall have occurred and be continuing,
such inspections, visitations and/or examinations shall be limited to once during any calendar year for each Lender. 
 (f) Keeping of
Books. Keep, and cause each of its Restricted Subsidiaries to keep, proper books of record and account, in which full and correct entries shall be made in a manner sufficient to enable Holdings to prepare Consolidated financial statements in
accordance with GAAP. 
 (g) Maintenance of Properties, Etc. Maintain and preserve, and cause each of its Restricted Subsidiaries to
maintain and preserve, all of its Real Property in good working order and condition, ordinary wear and tear excepted, except where all failures to do so could not reasonably be expected to have a Material Adverse Effect. 

(h) Transactions with Affiliates. Conduct, and cause each of its Restricted Subsidiaries to conduct, all transactions otherwise
permitted under this Agreement with any of their Affiliates on terms no less favorable in any material respect to Holdings or such Restricted Subsidiary than it would obtain in its good faith judgment in a comparable
arm’s-length transaction with a Person not an Affiliate, except for: (i) transactions between Holdings and its Restricted Subsidiaries; (ii) any compensation or similar arrangements approved by
the board of directors or other governing body of Holdings or the respective Restricted Subsidiary or entered into in the ordinary course of business; (iii) issuances of Equity Interests of Holdings; (iv) transactions existing on the
Effective Date; and (v) transactions with any Finance SPE or any Restricted Subsidiary, joint venture or other arrangement created in connection with any Third-Party Vendor Financing Program or any other receivables financing, and the provision
of billing, collection and other services in connection with the foregoing. 

  
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 (i) Reporting Requirements. Furnish to the Agent for distribution to each Lender:

 (i) as soon as available and in any event within 60 days after the end of each of the first three quarters of each fiscal
year of Holdings, the Consolidated balance sheet of Holdings and its Restricted Subsidiaries as of the end of such quarter and Consolidated statements of income and cash flows of Holdings and its Restricted Subsidiaries for the period commencing at
the end of the previous fiscal year and ending with the end of such quarter, duly certified (subject to year-end audit adjustments) by a Financial Officer as having been prepared in accordance with GAAP and a
certificate signed by a Financial Officer (x) certifying whether or not any Responsible Officer has knowledge as to whether a Default has occurred and is continuing and, if a Default has occurred and is continuing, specifying the details
thereof and any action taken or proposed to be taken with respect thereto and (y) setting forth in reasonable detail the calculations necessary to demonstrate compliance with Section 5.03 (the “Compliance
Certificate”); 
 (ii) as soon as available and in any event within 90 days after the end of each fiscal year of
Holdings, a copy of the annual audit report for such year for Holdings and its Restricted Subsidiaries, containing the Consolidated balance sheet of Holdings and its Restricted Subsidiaries as of the end of such fiscal year and Consolidated
statements of income and cash flows of Holdings and its Restricted Subsidiaries for such fiscal year, in each case accompanied by an opinion without qualification by PricewaterhouseCoopers LLP or other independent public accountants of recognized
national standing and a Compliance Certificate signed by a Financial Officer; 
 (iii) promptly after a Responsible Officer
has knowledge of the occurrence of each Default continuing on the date of such statement, a statement of a Financial Officer setting forth details of such Default and the action that the Company has taken and proposes to take with respect thereto;

 (iv) promptly after the filing thereof, copies of all periodic reports, proxy statements and current reports on Form 8-K that Holdings files with the SEC; 
 (v) promptly after a Responsible Officer has
knowledge of the commencement thereof, notice of all actions and proceedings before any court, governmental agency or arbitrator affecting Holdings or any of its Restricted Subsidiaries of the type described in
Section 4.01(f); 
 (vi) subject to Section 5.11 of the Collateral Agreement, in connection
with the financial statements provided for pursuant to Sections 5.01(i)(i) and 5.01(i)(ii) above, a Perfection Certificate setting forth any changes or additions to the information required therein or confirming that
there has been no change in such information since the later of the Effective Date and the date of the last such Perfection Certificate; 

  
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 (vii) such other information regarding the Collateral, including reports,
statements and schedules further identifying and describing the Collateral, as any Lender through the Agent may from time to time reasonably request; and 

(viii) such other information regarding the operations, business affairs and financial condition of Holdings or any of its
Restricted Subsidiaries, or regarding compliance with this Agreement, as any Lender through the Agent may from time to time reasonably request; 

The Company shall be deemed to have delivered the financial statements and other information referred to in subclauses (i),
(ii), (iv) and (v) of this Section 5.01(i), when (A) such SEC filings, financials or other information have been posted on the internet website of the SEC (http://www.sec.gov) or on
Holdings’ or the Company’s own internet website as previously identified to the Agent and Lenders and (B) the Company has notified the Agent by electronic mail of such posting. If the Agent or a Lender requests such SEC filings,
financial statements or other information to be delivered to it in hard copies, the Company shall furnish to the Agent or such Lender, as applicable, such statements accordingly, provided that no such request shall affect that such SEC
filings, financial statements or other information have been deemed to have been delivered in accordance with the terms of the immediately preceding sentence. 

(j) Covenant to Guarantee Obligations and Give Security. Upon the formation or acquisition by any Loan Party of any new direct or
indirect Subsidiary (other than any Excluded Subsidiary), or upon a Subsidiary of any Loan Party ceasing to be an Excluded Subsidiary, the Company shall, at the Company’s expense: 

(i) within 60 days (as such time may be extended by the Agent in its reasonable discretion) following the creation or
acquisition of such Subsidiary or following such Subsidiary ceasing to be an Excluded Subsidiary, cause such Subsidiary to (a) become a Guarantor and provide the Agent, for the benefit of the Secured Parties, a Lien on its assets (other than
Excluded Assets) to secure the Obligations by executing and delivering to the Agent a joinder to the Collateral Agreement or such other document as the Agent shall deem appropriate for such purpose and (b) deliver to the Agent such other
customary documentation reasonably requested by the Agent including, without limitation, favorable opinions of counsel to such Person (which shall cover, among other things, the legality, validity, binding effect and enforceability of the
documentation referred to in clause (a)), all in form, content and scope reasonably satisfactory to the Agent; 
 (ii)
within 60 days (as such time may be extended by the Agent in its reasonable discretion) after such formation or acquisition or after such Subsidiary ceases to be an Excluded Subsidiary, cause each direct and indirect parent (to the extent such
parent is a Loan Party) of such Subsidiary to pledge its interests in such Subsidiary to the Agent, for the benefit of the Secured Parties, to secure such parent’s Obligations (if it has not already done so) and deliver to the Agent all
certificated Equity Interests of such Subsidiary (if any) together with transfer powers in respect thereof endorsed in blank, and cause such Subsidiary: 

  
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 (a) to duly execute and deliver to the Agent, for the benefit of the Secured
Parties, any additional collateral and security agreements or supplements thereto, as reasonably specified by and in form and substance reasonably satisfactory to the Agent to secure payment of all the Obligations of such Subsidiary and constituting
Liens on the personal property (other than Excluded Assets) of such Subsidiary; and 
 (b) to take whatever action (including
the filing of UCC financing statements and intellectual property security agreements) may be necessary or advisable in the reasonable opinion of the Agent to vest in the Agent (or in any representative of the Agent designated by it) valid and
subsisting first priority perfected Liens on Collateral purported to be subject to the Collateral Agreement and other agreements delivered pursuant to this Section 5.01(j), subject to Permitted Liens; and 

(iii) within 60 days after such formation or acquisition or after such Subsidiary ceases to be an Excluded Subsidiary, deliver
to the Agent, upon the request of the Agent, a signed copy of a favorable opinion, addressed to the Agent and the other Secured Parties, of counsel for the Loan Parties reasonably acceptable to the Agent as to the matters contained in clauses
(i) and (ii) above, and as to such other matters as the Agent may reasonably request. 
 (iv) Within 120 days
(or such longer period as may be agreed to by the Agent in its sole discretion) of (x) the date of this Agreement with respect to Material Real Property held by any Loan Party as of the date hereof or (y) the acquisition of either Material
Real Property or an Affiliate which holds Material Real Property and is contemplated to become a Loan Party hereunder, promptly grant to the Agent a security interest in and Mortgage on each Material Real Property owned in fee (or such other similar
ownership interest as recognized by local law) by such Loan Party, as additional security for the Obligations. Such Mortgages shall be granted pursuant to documentation reasonably satisfactory in form and substance to the Agent and the Agent and
shall constitute valid and enforceable perfected Liens subject only to Permitted Liens. Such Mortgages or instruments related thereto shall be duly recorded or filed in such manner and in such places as are required by law to establish, perfect,
preserve and protect the Liens in favor of the Agent required to be granted pursuant to the Mortgages and all taxes, fees and other charges payable in connection therewith shall be paid in full. With respect to each Mortgage, except as may be agreed
to by Agent, in its reasonable discretion, the applicable Loan Party shall deliver: 
 (a) a mortgagee’s policy of title
insurance, if available, (or marked up unconditional signed title insurance commitment or pro forma for such insurance having the effect of a policy of title insurance) insuring the Lien of such Mortgage as a valid first mortgage Lien on the
Mortgaged Property and fixtures described therein in the amount equal to 110% of the fair market value of such Mortgaged Property and fixtures (but not to exceed 100% of the fair market value of such Mortgaged Property in jurisdictions that impose
mortgage or intangibles recording tax), which fair market value is delivered to the Agent in writing by a chief operating or similar officer of the applicable Loan Party, which policy (or marked up unconditional signed title insurance commitment or
pro forma for such insurance having the effect of a policy of title insurance) (each, a “Title Policy”) shall: 

  
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 A. be issued by the Title Company; 

B. evidence the recording of each Mortgage in such office or offices as may be necessary or, in the opinion of the Agent,
desirable to perfect the Lien purposed to be created thereby or to otherwise protect the rights of the Secured Parties thereunder; 

C. to the extent necessary and available, include such reinsurance arrangements (with provisions for direct access, if
necessary) as shall be reasonably acceptable to the Agent; 
 D. name the Agent as insured thereunder; 

E. contain a “tie-in” or “cluster” endorsement, if available under
applicable law (i.e., policies which insure against losses regardless of location or allocated value of the insured property up to a stated maximum coverage amount); 

F. have been supplemented by such endorsements and affirmative coverage as shall be reasonably requested by the Agent
(including, but not limited to, endorsements on matters relating to usury, first loss, last dollar, zoning, contiguity, revolving credit/future advance, doing business, non-imputation, public road access,
survey, variable rate, environmental lien, subdivision, mortgage recording tax, separate tax lot and so-called comprehensive coverage over covenants and restrictions); and 

G. contain no exceptions to title other than Permitted Liens; 

(b) Surveys with respect to each Mortgaged Property, provided that new or updated Surveys will not be required if an
existing survey, ExpressMap or other similar documentation is available and survey coverage, including customary endorsements reliant on a survey, is available for the Title Policies without the need for such new or updated surveys; 

(c) if requested by the Agent, a reasonably satisfactory ASTM 1527-13 Phase I
Environmental Site Assessment of each Mortgaged Property, in form and substance and by an independent firm reasonably satisfactory to the Agent; 

(d) with respect to each improved Mortgaged Property, a “Life-of Loan”
Federal Emergency Management Agency Standard Flood Hazard Determination; 
 (e) an opinion of counsel for Holdings and its
Restricted Subsidiaries in each state or other jurisdiction in which a Mortgaged Property is located with respect to the enforceability of the form(s) of Mortgages to be recorded in such state and such other matters as Agent may reasonably request,
in each case in form and substance reasonably satisfactory to Agent, it being understood that the foregoing shall not apply to amendments to this Agreement; 

  
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 (f) an opinion of counsel for Loan Parties in each state in which the Loan
Parties party to the Mortgages are organized or formed, with respect to the valid existence, corporate power and authority of such Loan Parties in the granting of the Mortgages, in form and substance reasonably satisfactory to the Agent; 

(g) evidence that all other actions reasonably requested by Agent that are necessary in order to create valid and subsisting
Liens on the property described in the Mortgage have been taken; and 
 (h) evidence that all documented and invoiced fees,
costs and expenses have been paid in connection with the preparation, execution, filing and recordation of the Mortgages, including reasonable attorneys’ fees, filing and recording fees, title insurance company coordination fees, documentary
stamp, mortgage and intangible taxes and title search charges and other charges incurred in connection with the recordation of the Mortgages and the other matters described in this Section 5.01(j). 

Notwithstanding anything set forth in this Agreement or any Loan Document to the contrary, Holdings and its Restricted Subsidiaries shall not
be required to (i) execute and deliver to the Agent Mortgages with respect to any fee owned real property other than a Material Real Property, or (ii) pledge or grant security interests in any of their property or assets if, in the
reasonable judgment of Agent, the costs of creating or perfecting such pledges or security interests in such property or assets are excessive in relation to the benefits to the Secured Parties. 

Upon the acquisition by any Loan Party after the date hereof of any fee interest in any Material Real Property, so notify, as promptly as
practicable, the 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. The Agent shall notify the Company whether it intends to require a Mortgage or other security with respect to such new Material Real Property. 

(v) Notwithstanding any of the foregoing to the contrary or Section 5.01(k) below, (i) the
Collateral shall exclude Excluded Assets, and shall be subject to the limitations and exclusions set forth in the applicable Collateral Documents and (ii) no Foreign Subsidiary shall be required to become a Guarantor or grant a Lien on any of
its assets to secure any of the Obligations. 
 (k) Promptly following a request by the Agent or the Required Lenders through the Agent,
(a) correct any material defect or error that may be discovered in any Loan Document or in the execution, acknowledgment, filing or recordation thereof, and (b) do, execute, acknowledge, deliver, record,
re-record, file, re-file, register and re-register any and all such further acts, deeds, certificates, assurances and other
instruments as the Agent, or any Lender through the Agent, may reasonably require from time to time in order to (i) carry out more effectively the purposes of the 

  
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Loan Documents, (ii) to the fullest extent permitted by applicable law, subject any Loan Party’s properties, assets, rights or interests to the Liens now or hereafter intended to be
covered by any of the Collateral Documents or Section 5.01(j), (iii) perfect and maintain the validity, effectiveness and priority of any of the Collateral Documents and any of the Liens intended to be created thereunder
and (iv) assure, convey, grant, assign, transfer, preserve, protect and confirm more effectively unto the Secured Parties the rights granted or now or hereafter intended to be granted to the Secured Parties under any Loan Document or under any
other instrument executed in connection with any Loan Document to which any Loan Party or any of its Subsidiaries is or is to be a party, and cause each of its Subsidiaries to do so. 

(l) The Company may designate any Restricted Subsidiary to be an Unrestricted Subsidiary in accordance with the definition of
“Unrestricted Subsidiary”; provided that (i) immediately before and after giving effect to such designation, no Event of Default shall have occurred and be continuing, (ii) the Company shall be in pro forma compliance with
the financial covenants set forth in Section 5.03, (iii) no Subsidiary may be designated as an Unrestricted Subsidiary if it is a “Restricted Subsidiary” as defined in the 2023 Senior Notes, (iv) no
Unrestricted Subsidiary may have Consolidated Total Assets in excess of 2.5% of Consolidated Total Assets of Holdings and its Restricted Subsidiaries, calculated on a pro forma basis as of the most recently completed fiscal quarter for which
financial statements have been delivered, (v) the Consolidated Total Assets of all Unrestricted Subsidiaries shall not exceed 5.0% of Consolidated Total Assets of Holdings and its Restricted Subsidiaries, calculated on a pro forma basis
as of the most recently completed fiscal quarter for which financial statements have been delivered, and (vi) no Subsidiary may be designated as an Unrestricted Subsidiary if, after giving effect to such designation, such Subsidiary would have
legal or beneficial ownership of, or an exclusive license to, any IP Rights, in each case, that is material to the business of the Loan Parties or their Restricted Subsidiaries. 

All outstanding Investments owned by Holdings and its Restricted Subsidiaries in the designated Unrestricted Subsidiary will be treated as an
Investment by such Loan Party made at the time of the designation. The amount of all such outstanding Investments will be the aggregate fair market value of such Investments at the time of the designation. The designation will not be permitted if
such Restricted Subsidiary does not otherwise meet the definition of an Unrestricted Subsidiary. Any designation of a Subsidiary as an Unrestricted Subsidiary shall be evidenced to the Agent by delivering to the Agent a certificate signed by a
Responsible Officer certifying that such designation complied with the foregoing conditions and the conditions set forth in the definition of “Unrestricted Subsidiary” and was permitted by this Section 5.01(l).

 If, at any time, any Unrestricted Subsidiary would fail to meet the definition of “Unrestricted Subsidiary” or clauses (iii),
(iv) or (v) above, it shall thereafter cease to be an Unrestricted Subsidiary for purposes of this Agreement and (1) any Liens of such Subsidiary, (2) any Debt of such Subsidiary and (3) any Investments of such Subsidiary, in
each case shall be deemed to be incurred by a Restricted Subsidiary as of such date and, if such Liens, Debt or Investments are not permitted to be incurred as of such date under Section 5.02(a),
Section 5.02(c) or Section 5.02(f), as applicable, the Company shall be in default of such Section 5.02(a), Section 5.02(c) or
Section 5.02(f), as applicable. 

  
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 The Company may at any time designate any Unrestricted Subsidiary to be a Restricted
Subsidiary; provided that such designation shall be deemed to be an incurrence, on the date of designation, of Liens, Debt and Investments by a Restricted Subsidiary of any outstanding Liens, Debt and Investments of such Unrestricted
Subsidiary and such designation shall only be permitted if (1) such Liens are permitted under Section 5.02(a), such Debt is permitted under Section 5.02(c), and such Investments are permitted
under Section 5.02(f); and (2) no Event of Default shall have occurred and be continuing. 
 (m)
Post-Closing Matters. The Company shall execute and deliver the documents and complete the tasks set forth on Schedule 5.01(m), in each case within the time limits specified therein (or such longer period of time reasonably acceptable
to the Agent in its reasonable discretion). 
 SECTION 5.02 Negative Covenants. So long as any Advance shall remain unpaid, any
Letter of Credit is outstanding or any Lender shall have any Commitment hereunder, the Company and Holdings shall not: 
 (a) Liens,
Etc. Create or suffer to exist, or permit any of its Restricted Subsidiaries to create or suffer to exist, any Lien on or with respect to any of its properties, whether now owned or hereafter acquired, or assign, or permit any of its Restricted
Subsidiaries to assign, any right to receive income, except: 
 (i) Permitted Liens; 

(ii) Liens pursuant to any Loan Document securing the Obligations; 

(iii) the Liens existing on the Effective Date; provided, that any such Lien having an aggregate principal amount
outstanding on the Effective Date in excess of $5,000,000 shall be described on Schedule 5.02(a) hereto; 
 (iv) Liens
under any Qualified Receivables Transaction or Third-Party Vendor Financing Programs; 
 (v) purchase money Liens upon or in
any Real Property, equipment or any fixed or capital assets acquired or held by Holdings or any Restricted Subsidiary to secure the purchase price of such property, equipment or assets or to secure Debt incurred solely for the purpose of financing
the acquisition, construction or improvement of such property, equipment or assets, in each case created within 180 days of any such acquisition or the completion of such construction or improvement, or Liens existing on such property, equipment or
assets at the time of its acquisition (other than any such Liens created in contemplation of such acquisition that were not incurred to finance the acquisition of such property), or Liens securing capital lease obligations; 

(vi) any Lien existing on any property before the acquisition thereof by Holdings or any of its Restricted Subsidiaries, and
Liens on property of a Person existing at the time such Person is merged into or consolidated with Holdings or any Restricted Subsidiary or becomes a Restricted Subsidiary of Holdings; provided that such Liens were not created in
contemplation of such merger, consolidation or acquisition and do not extend to any assets 

  
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other than those of the Person so merged into or consolidated with Holdings or such Restricted Subsidiary or acquired Holdings or such Restricted Subsidiary; provided that such Liens were
not created in contemplation of such merger, consolidation or acquisition and do not extend to any assets other than those of the Person so merged into or consolidated with Holdings or such Restricted Subsidiary or acquired by Holdings or such
Restricted Subsidiary; 
 (vii) other Liens securing Debt which does not exceed (without duplication), at the time such Lien
is created, an aggregate principal amount of $50,000,000 outstanding; provided, that this clause (vii) may not be used to secure Debt on a pari passu basis with the Advances; 

(viii) the replacement, extension or renewal of any Lien permitted by clause (ii), (iv) or (v) above
upon or in the same property theretofore subject thereto, provided that the replacement, extension or renewal of the Debt secured thereby shall have occurred without any (A) increase in the amount thereof other than to finance fees and
expenses incurred in connection with such extension, renewal, refinancing or replacement, or (B) change in any direct or contingent obligor thereunder; 

(ix) Liens owing to Holdings or any of its Restricted Subsidiaries; 

(x) Liens that are within the general parameters customary in the industry and incurred in the ordinary course of business
securing obligations under Swap Contracts designed solely to protect Holdings or any of its Restricted Subsidiaries from fluctuations in interest rates, currencies or the price of commodities; 

(xi) Liens in favor of customs and revenue authorities arising in the ordinary course of business and as a matter of law to
secure payment of customs duties in connection with the importation of goods; 
 (xii) Liens consisting of any rights
retained by a seller or shipper of goods in such goods prior to receipt of payment therefor during the shipment of such goods from the seller to the buyer; 

(xiii) Liens consisting of the rights of consignors of goods, whether or not perfected; 

(xiv) Liens in favor of lessors securing obligations (not constituting Debt) under operating leases; 

(xv) any financing statement reflecting a security interest that would otherwise be permitted under this
Section 5.02(a); and 
 (xvi) (A) Liens consisting of
non-exclusive licenses of IP Rights granted in the ordinary course of business and (B) Liens consisting of exclusive licenses of IP Rights granted in the ordinary course of business to the extent the
grant of such exclusive license was a Disposition permitted under Section 5.2(e) and such IP Rights are not material to the business of the Loan Parties or their Restricted Subsidiaries; 

  
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 (b) Mergers, Etc. Merge or consolidate with or into any Person, or permit any of its
Restricted Subsidiaries to do so, except: 
 (i) mergers between Loan Parties, provided that if one of such Loan
Parties is a Borrower hereunder, the surviving entity is, or becomes, a Borrower hereunder and if such Loan Party was the Initial Borrower, the Initial Borrower is the surviving entity; 

(ii) mergers with a third-party in which a Loan Party is the surviving entity or where the surviving entity is, or becomes, a
Loan Party; and 
 (iii) mergers of a Restricted Subsidiary of Holdings with a third-party as part of a sale or other
disposition of all or any part of such Restricted Subsidiary not prohibited by Section 5.02(d); 
 provided, in each case,
that no Default shall have occurred and be continuing at the time of such proposed transaction or would result therefrom. 
 (c)
Debt. Incur, or permit any of its Restricted Subsidiaries to incur, any Debt, except: 
 (i) Debt under the Loan
Documents, including, without limitation, any Commitment Increase pursuant to Section 2.18(a); 

(ii) Debt existing on the Effective Date; provided, that any such Debt having an aggregate principal amount outstanding
on the Effective Date in excess of $5,000,000 shall be described on Schedule 5.02(c) hereto; 
 (iii) Debt in
connection with Qualified Receivables Transactions and Third-Party Vendor Financing Programs; 
 (iv) Debt owed to Holdings
or to any of its Restricted Subsidiaries; provided that, such Debt, to the extent owed by a Loan Party to a Restricted Subsidiary that is not a Loan Party, shall be subordinated to the payment of the Obligations in a manner reasonably
satisfactory to the Agent; 
 (v) Debt (including, without limitation, capital leases) incurred solely for the purpose of
financing the acquisition, construction or improvement of any Real Property, business, equipment or fixed or capital asset acquired or held by Holdings or any Restricted Subsidiary, in each case incurred within 180 days of any such acquisition,
construction or improvement; 
 (vi) Debt secured by Liens permitted under Section 5.02(a)(vi) and
Debt existing at the time any Person is merged into or consolidated with Holdings or any of its Restricted Subsidiaries or becomes a Restricted Subsidiary of Holdings; 

(vii) Debt in respect of acceptances, letters of credit or similar extensions of credit that (A) does not support
obligations for borrowed money prohibited hereby and (B) is not drawn upon (or, if drawn upon, are reimbursed within five Business Days following payment thereof); 

  
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 (viii) indorsement of negotiable instruments for deposit or collection or
similar transactions in the ordinary course of business; 
 (ix) Debt arising from the honoring by a bank or other financial
institution of a check, draft or similar instrument inadvertently (except in the case of daylight overdrafts) drawn against insufficient funds in the ordinary course of business; provided that such Debt is extinguished within five Business
Days of incurrence; 
 (x) Debt of the Loan Parties under direct or indirect Guarantees in respect of, or obligations
(contingent or otherwise) to purchase or acquire, or otherwise to assure a creditor against loss in respect of, Debt of another Restricted Subsidiary of Holdings not prohibited by this Section 5.02(c); 

(xi) Permitted Refinancing of Debt existing or permitted to be incurred under clauses 5.2(c)(ii), (v) or
(xv) or Debt incurred by a Finance SPE; 
 (xii) Debt of the type permitted to be secured under
Section 5.02(a)(x) (whether or not secured by Liens); 
 (xiii) Debt incurred by Restricted
Subsidiaries that are not Loan Parties in an aggregate principal amount outstanding at any time not to exceed $50,000,000; 

(xiv) additional unsecured Debt incurred by Loan Parties so long as Holdings is in pro forma compliance with
Section 5.03(a) at such time; and 
 (xv) obligations (contingent or otherwise) of the Company or
any Restricted Subsidiary existing or hereafter arising under any Swap Contract; provided that (i) such obligations are (or were) entered into by such Person in the ordinary course of business for the purpose of directly mitigating risks
associated with liabilities, commitments, investments, assets, or property held or reasonably anticipated by such Person, or changes in the value of securities issued by such Person, and not for purposes of speculation; and (ii) such Swap
Contract does not contain any provision exonerating the non-defaulting party from its obligation to make payments on outstanding transactions to the defaulting party (other than pursuant to customary netting
or set-off provisions and except as contemplated by Section 9.22); 
 (d)
Sale of All or Substantially All Assets. Sell, lease, transfer or otherwise Dispose of all or substantially all of its assets, in each case, for Holdings, the Company and its Restricted Subsidiaries taken as a whole, except: 

(i) in connection with any Qualified Receivables Transaction or Third-Party Vendor Financing Programs; 

(ii) the Loan Parties are permitted to sell, transfer or otherwise Dispose of all or substantially all of its assets of XFS,
subject to Section 5.02(e)(xiv); and 
 (iii) the Loan Parties are permitted to sell, transfer or
otherwise Dispose of all or substantially all of its assets of PARC, subject to Section 5.02(e)(xv); 

  
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 (e) Dispositions. Make any Disposition or enter into any agreement to make any
Disposition, or permit any of its Restricted Subsidiaries to do so, in each case, having a fair market value in excess of (x) $25,000,000 in a single transaction or in a related series of transactions or (y) $75,000,000 in the aggregate in any
fiscal year, when combined with all other Dispositions in such fiscal year; provided that this Section 5.02(e) shall not restrict the following: 

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

(ii) Dispositions of property by a Borrower to any Restricted Subsidiary, or by any Restricted Subsidiary to any Borrower or to
a Restricted Subsidiary; provided that, notwithstanding anything to the contrary herein, with respect to any Disposition of IP Rights, if the transferor of such property is a Loan Party, the transferee thereof must be a Loan Party;

 (iii) Dispositions consisting of non-exclusive licenses of IP Rights granted in
the ordinary course of business; 
 (iv) Dispositions of accounts receivable for purposes of collection or forgiveness or
discounting of accounts receivable in the ordinary course of business; 
 (v) Dispositions of investment securities, cash and
cash equivalents in the ordinary course of business; 
 (vi) transfers of condemned property as a result of the exercise of
“eminent domain” or other similar policies to the respective Governmental Authority or agency that has condemned the same (whether by deed in lieu of condemnation or otherwise), and transfers of property that has been subject to a casualty
to the respective insurer of such real property as part of an insurance settlement; 
 (vii) Dispositions of Investments in
joint ventures or any Subsidiary that is not a Wholly-Owned Subsidiary to the extent required by, or made pursuant to, buy/sell arrangements between the joint venture or similar parties set forth in joint venture arrangements and similar binding
arrangements; 
 (viii) (A) termination of leases in the ordinary course of business, (B) the expiration of any
option agreement in respect of real or personal property and (C) any surrender or waiver of contractual rights or the settlement, release or surrender of contractual rights or other litigation claims (including in tort) in the ordinary course
of business; 
 (ix) any merger, consolidation, Disposition or conveyance the sole purpose of which is to reincorporate or
reorganize (A) any Domestic Subsidiary in another jurisdiction in the United States or (B) any Foreign Subsidiary in the United States or any other jurisdiction; 

  
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 (x) terminations of Swap Contracts; 

(xi) the abandonment, permitting to lapse, dedication to the public domain, or other Disposition of IP Rights that are no
longer used in or useful to the business of the Loan Parties; 
 (xii) Dispositions in connection with a Qualified
Receivables Transaction; provided that (A) the consideration received for such assets shall be in an amount at least equal to the fair market value thereof and (B) no Event of Default shall have occurred and be continuing at the
time such Disposition is made; 
 (xiii) Dispositions by Holdings and its Restricted Subsidiaries of property not otherwise
permitted under this Section 5.02(e); provided that (i) at the time of such Disposition and after giving effect thereto, no Event of Default shall exist or would result from such Disposition as of the
date of the agreement governing such Disposition, (ii) the consideration received for such property shall be in an amount at least equal to the fair market value thereof, (iii) no less than 75.0% of such consideration shall be paid in cash
and (iv) such property shall not consist of IP Rights that are material to the business of the Loan Parties or their Restricted Subsidiaries; provided, further, that for the purposes of clause (iii), the following
shall be deemed to be cash: (A) any liabilities (as shown on Holdings’ or the applicable Restricted Subsidiary’s most recent balance sheet (other than liabilities that are by their terms subordinated to the Obligations)) that are
assumed by the transferee with respect to the applicable Disposition and for which Holdings and all of its Restricted Subsidiaries shall have been validly released by all applicable creditors in writing, (B) any securities received by Holdings
or the applicable Restricted Subsidiary from such transferee that are converted by Holdings or such Restricted Subsidiary into cash or cash equivalents (to the extent of the cash or cash equivalents received) within 180 days (or such longer period
as the Agent may agree) following the closing of the applicable Disposition and (C) any Designated Non-Cash Consideration received in respect of such Disposition having an aggregate fair market value,
taken together with all other Designated Non-Cash Consideration received during the term of this Agreement pursuant to this clause (C), not in excess of $10,000,000; 

(xiv) Dispositions of the assets or Equity Interests of XFS and/or of any foreign Restricted Subsidiary that is related to the
financing business conducted by XFS and set forth on Schedule 5.02(e), in each case, at fair market value; provided, that (x) Holdings is in pro forma compliance with Section 5.03 at such time and
(y) no Event of Default shall have occurred and be continuing; provided, further, that any net cash proceeds received from such Disposition shall be applied first to repay any outstanding Advances (without reducing the Revolving
Credit Commitments); 
 (xv) Dispositions of the assets or Equity Interests of PARC at fair market value; provided,
that (x) Holdings is in pro forma compliance with Section 5.03 at such time and (y) no Event of Default shall have occurred and be continuing; provided, further, that any net cash proceeds
received from such Disposition shall be applied first to repay any outstanding Advances (without reducing the Revolving Credit Commitments); and 

  
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 (xvi) other Dispositions for fair market value which, in the aggregate, do
not exceed $25,000,000; 
 (f) Investments. Make, or permit any of its Restricted Subsidiaries to make, any Investments, unless
(x) Holdings is in pro forma compliance with Section 5.03 at such time and (y) no Event of Default shall have occurred and be continuing; provided that this Section 5.02(f)
shall not restrict the following: 
 (i) Investments in the form of cash and cash equivalents; 

(ii) Investments in connection with intercompany cash management arrangements and related activities in the ordinary course of
business; 
 (iii) advances to officers, directors, employees and consultants of the Company and its Restricted Subsidiaries
(A) in an aggregate amount not to exceed $10,000,000 at any time outstanding, for payroll, salary, travel, entertainment, relocation and analogous ordinary business purposes; and (B) in connection with such Person’s purchase of Equity
Interests of the Company; provided that no cash is actually advanced pursuant to this clause (ii) unless promptly repaid; 

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

(v) Guarantees of Debt permitted by Section 5.02(c); 

(vi) Investments existing on, or made pursuant to legally binding written commitments in existence on, the Effective Date and
set forth on Schedule 5.02(f) hereto and any modification, replacement, renewal or extension thereof; provided that the amount of the original Investment is not increased except by the terms of such Investment or as otherwise permitted
by this Section 5.02(f) and the terms and conditions of such modified, replacement, renewed or extended Investment shall not be materially less favorable, taken as a whole, to the Loan Parties than the Investment being
modified, replaced, renewed or extended; 
 (vii) promissory notes, property (tangible or intangible) and other non-cash consideration received in connection with Dispositions permitted by Section 5.02(e); 

(viii) Investments (including debt obligations and Equity Interests) received in connection with the bankruptcy or
reorganization of suppliers and customers and in settlement of delinquent obligations of, and other disputes with, customers and suppliers arising in the ordinary course of business and upon the foreclosure with respect to any secured Investment or
other transfer of title with respect to any secured Investment; 
 (ix) Investments in a Receivables SPE or any Investment by
a Receivables SPE in any other Person, including the payment of receivables fees, in each case, (A) in connection with a Qualified Receivables Transaction and (B) constituting a Disposition permitted pursuant to
Section 5.02(e)(xii); 

  
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 (x) Swap Contracts to the extent permitted pursuant to
Section 5.02(c)(xv); 
 (xi) pension fund and other employee benefit plan obligations and
liabilities; and 
 (xii) Investments comprising Equity Interests of the Company and of any Restricted Subsidiary;
provided, that, after giving effect thereto, such Investment shall not result in any material impairment in respect of the Collateral or the security interest granted under the Collateral Documents; 

(g) Restricted Payments. (i) Declare or make, directly or indirectly, any Restricted Payment, or (ii) prepay, redeem,
purchase, defease or otherwise satisfy more than 90 days prior to the scheduled maturity thereof in any manner, or make any payment in violation of any subordination terms of, any subordinated Debt (or, in either case, incur any obligation
(contingent or otherwise) to do so), or, in either case, permit any of its Restricted Subsidiaries to do so, except: 
 (i)
each Restricted Subsidiary may make Restricted Payments to Holdings, the Company, the Guarantors and any other Person (including any other Restricted Subsidiary) that owns an Equity Interest in such Restricted Subsidiary ratably according to their
respective holdings of the relevant class of Equity Interest in respect of which such Restricted Payment is being made; 

(ii) Holdings and each Restricted Subsidiary may make Restricted Payments pursuant to and in accordance with stock option,
stock purchase and other benefit plans of general application to management, directors, employees or other individual services providers of Holdings and its Restricted Subsidiaries, as adopted or implemented in the ordinary course of business; 

(iii) the Company and each Restricted Subsidiary may declare and make dividend payments or other distributions payable solely
in Qualified Equity Securities of such Person, in the case of a Restricted Subsidiary, ratably to each Person that owns an Equity Interest in such Restricted Subsidiary of the class of Equity Interest in respect of which the Restricted Payment is
being made; 
 (iv) the Company and each Restricted Subsidiary may purchase, redeem or otherwise acquire or retire Equity
Interests issued by it with the proceeds (whether in cash or Equity Interests) received from the substantially concurrent issue of new Qualified Equity Securities issued by it or Equity Interests of any Parent Company; 

(v) non-cash repurchases of Equity Interests of the Company deemed to occur
(i) upon the non-cash exercise of stock options and warrants or similar equity incentive awards, and (ii) in connection with the withholding of a portion of the Equity Interests granted or awarded to
a director or an employee to pay for the taxes payable by such director or employee upon such grant or award shall be permitted; 

  
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 (vi) the Company or any of its Restricted Subsidiaries may (A) pay cash
in lieu of fractional shares in connection with any dividend, distribution, split or combination thereof or any permitted acquisition and (B) honor any conversion request by a holder of convertible Debt and make cash payments in lieu of
fractional shares in connection with any such conversion; 
 (vii) the Company may repurchase (or make Restricted Payments to
any Parent Company to enable it to repurchase) its Equity Interests upon the exercise of options or warrants or other securities convertible into or exchangeable for Equity Interests if such Equity Interests represent all or a portion of the
exercise price of such options or warrants or other securities as part of a “cashless” exercise; 
 (viii) the
payment of dividends and distributions within 90 days after the date of declaration thereof, if at the date of declaration of such payment, such payment would have complied with the other provisions of this Section 5.02(g)
shall be permitted; 
 (ix) the Company or any of its Restricted Subsidiaries may make Restricted Payments, in the aggregate
in any fiscal year, in an amount equal to the greater of (A) $200,000,000 and (B) 50% of Free Cash Flow, if any, for the immediately prior Free Cash Flow Period; provided that no Event of Default shall have occurred and be continuing
immediately prior to, or shall result from, such Restricted Payment; and 
 (x) the Company or any of its Restricted
Subsidiaries may make additional Restricted Payments; provided that (x) after giving pro forma effect thereto and the application of the net proceeds therefrom, the Total Net Leverage Ratio for the Measurement Period immediately
preceding such Restricted Payment would be no greater than 3.50 to 1.00 and (y) no Event of Default shall have occurred and be continuing immediately prior to, or shall result from, such Restricted Payment; 

(h) Payment Restrictions Affecting Restricted Subsidiaries. Directly or indirectly, enter into or suffer to exist, or permit any of its
Restricted Subsidiaries to enter into or suffer to exist, any agreement or arrangement limiting the ability of any of its Restricted Subsidiaries (x) to create or permit to exist any Lien on any of its property or (y) to declare or pay
dividends or other distributions in respect of its Equity Interests or repay or prepay any Debt owed to, make loans or advances to, or otherwise transfer assets to or make investments in, Holdings or any of its Restricted Subsidiaries (including
through a covenant restricting dividends, loans, asset transfers or investments or a financial covenant which has the effect thereof), except (i) restrictions, limitations, conditions and prohibitions existing on the Effective Date,
(ii) restrictions, limitations, conditions and prohibitions under or imposed by any indenture, agreement or instrument existing on the Effective Date (including this Agreement) and any similar indentures, agreements or instruments to the extent
such restrictions, limitations conditions and prohibitions are no more restrictive than those set forth in such existing indentures, agreements or instruments, (iii) any agreement in effect at the time a Person first became a Restricted
Subsidiary of Holdings, so long as such agreement was not entered into solely in contemplation of such Person becoming a Restricted Subsidiary of Holdings, (iv) any restrictions consisting of customary provisions restricting assignment,
subletting or other transfers contained in leases, licenses and joint ventures and other agreements so long as such restrictions do not extend to assets other than those that are 

  
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the subject of such Lease, license, joint venture or other agreement, (v) restrictions with respect to any asset or Restricted Subsidiary of Holdings pending the close of the sale of such
asset or such Restricted Subsidiary, (vi) any restriction or encumbrance on the transfer of any assets subject to the Liens permitted by Section 5.02(a), (vii) any restriction or encumbrance imposed by applicable law,
regulation, court order, rule or decree (including at the direction of any regulatory agency or department), or (viii) restrictions, limitations, conditions and prohibitions imposed in respect of the types of assets subject to, and any other
restrictions consisting of customary provisions in connection with, any Third-Party Vendor Financing Program or any Qualified Receivables Transaction. 

(i) Change in Nature of Business. Engage, together with its Wholly-Owned Subsidiaries (other than IP Companies), in any business as
their principal lines of business, taken as a whole, other than the principal lines of business engaged in by Holdings and its Restricted Subsidiaries, taken as a whole, on the Effective Date and similar or related businesses. For purposes of the
foregoing, “IP Company” means any Person, whether now existing or hereafter formed, in which Holdings or any of its Wholly-Owned Subsidiaries owns or acquires any Equity Interests, which Person has, as its sole primary business, one
or more of the following: (i) research and development, (ii) the generation or management of intellectual property, (iii) the commercialization or maximization of the value of intellectual property developed by or transferred to such
Person by Holdings or one or more of its Wholly-Owned Subsidiaries, and (iv) activities incidental thereto. 
 (j) Use of
Proceeds. Request, or permit any other Borrower to request, any Borrowing or Letter of Credit, or directly use or knowingly indirectly use, or permit any other Borrower, its Subsidiaries or its or their respective directors, officers, employees
and agents to directly use or knowingly indirectly use, the proceeds of any Borrowing or Letter of Credit (i) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to
any Person in violation of any Anti-Corruption Laws and any Anti-Terrorism Laws, (ii) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country
or (iii) in any manner that would result in the violation of any Sanctions applicable to any party hereto. Holdings and its Subsidiaries shall not (x) repay any Advance with funds derived from any unlawful activity or (y) permit any
Collateral to become Embargoed Property. 
 SECTION 5.03 Financial Covenants. So long as any Advance shall remain unpaid, any
Letter of Credit shall be outstanding or any Lender shall have any Commitment hereunder, Holdings will: 
 (a) Total Net Leverage
Ratio. With respect to the last day of each fiscal quarter, commencing with the quarter ended September 30, 2022, maintain a Total Net Leverage Ratio as set forth in the table below: 

 

					
	 Quarter Ended
	  	Total Net Leverage Ratio	 
	 September 30, 2022
	  	 	5.25:1.00	 
	 December 31, 2022
	  	 	5.00:1.00	 
	 March 31, 2023
	  	 	4.75:1.00	 
	 June 30, 2023
	  	 	4.50:1.00	 
	 September 30, 2023
	  	 	4.25:1.00	 
	 December 31, 2023
	  	 	4.25:1.00	 
	 March 31, 2024
	  	 	4.25:1.00	 

  
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 (b) Interest Coverage Ratio. With respect to the last day of each fiscal quarter,
commencing with the quarter ended September 30, 2022, maintain an Interest Coverage Ratio as set forth in the table below: 
  

					
	 Quarter Ended
	  	Interest Coverage Ratio	 
	 September 30, 2022
	  	 	2.25:1.00	 
	 December 31, 2022
	  	 	2.50:1.00	 
	 March 31, 2023
	  	 	2.75:1.00	 
	 June 30, 2023
	  	 	2.75:1.00	 
	 September 30, 2023
	  	 	2.75:1.00	 
	 December 31, 2023
	  	 	2.75:1.00	 
	 March 31, 2024
	  	 	2.75:1.00	 

 (c) Minimum Unrestricted Cash. With respect to the last day of each fiscal quarter, commencing with the
quarter ended September 30, 2022, maintain Unrestricted Cash in an amount not less than $500,000,000. 
 ARTICLE VI. 

EVENTS OF DEFAULT 

SECTION 6.01 Events of Default. If any of the following events (“Events of Default”) shall occur and be
continuing: 
 (a) Any Borrower shall fail to pay any principal of any Advance or any reimbursement obligation in respect of a Letter of
Credit when the same becomes due and payable; or any Borrower shall fail to pay any interest on any Advance or make any other payment of fees or other amounts payable under this Agreement or any Note within five Business Days after the same becomes
due and payable; or 
 (b) Any representation or warranty made by any Borrower or Guarantor herein or by any Borrower or Guarantor in
connection with this Agreement or by any Designated Subsidiary in the Designation Agreement pursuant to which such Designated Subsidiary became a Borrower hereunder shall prove to have been incorrect in any material respect when made; or 

(c) (i) Any Loan Party shall fail to perform or observe any term, covenant or agreement contained in
Section 5.01(d), (h), (i)(iii) or (i)(v), 5.02 or 5.03, (ii) any Loan Party shall fail to perform or observe any term, covenant or agreement contained in
Section 5.01(i)(i), (ii), (iv) or (vi) if such failure shall remain unremedied for five Business Days after written notice thereof shall have been given to such Loan Party by the Agent at the
request of any Lender, or (iii) any Loan Party shall fail to perform or observe any other term, covenant or agreement contained in this Agreement on its part to be performed or observed if such failure shall remain unremedied for 30 days after
written notice thereof shall have been given to such Loan Party by the Agent at the request of any Lender; or 

  
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 (d) Any Loan Party or any of its Material Subsidiaries shall fail to pay any principal of or
premium or interest on any Debt that is outstanding in a principal amount, or net obligations in respect of Swap Contracts, of at least $50,000,000 in the aggregate (but excluding Debt outstanding hereunder) of any Loan Party, when the same becomes
due and payable (whether by scheduled maturity, required prepayment, acceleration, demand or otherwise), and such failure shall continue after the applicable grace period, if any, specified in the agreement or instrument relating to such Debt; or
any other event shall occur or condition shall exist under any agreement or instrument relating to any such Debt or Swap Contract obligations and shall continue after the applicable grace period, if any, specified in such agreement or instrument, if
the effect of such event or condition is to accelerate, or to permit the acceleration of, the maturity of such Debt or Swap Contracts obligations; or any such Debt or Swap Contracts obligations shall be declared to be due and payable, or required to
be prepaid or redeemed (other than by a regularly scheduled required prepayment or redemption, or in the case of secured Debt that becomes due as a result of a voluntary sale or transfer of the property securing such Debt), purchased or defeased, or
an offer to prepay, redeem, purchase or defease such Debt or Swap Contracts obligations shall be required to be made (other than in the case of secured Debt that becomes due as a result of a voluntary sale or transfer of the property securing such
Debt), in each case prior to the stated maturity thereof; or 
 (e) Any Loan Party or any of its Material Subsidiaries shall generally not
pay its debts as such debts become due, or shall admit in writing its inability to pay its debts generally, or shall make a general assignment for the benefit of creditors; or any proceeding shall be instituted by or against any Loan Party or any of
its Material Subsidiaries seeking to adjudicate it a bankrupt or insolvent, or seeking liquidation, winding up, reorganization, arrangement, adjustment, protection, relief, or composition of it or its debts under any law relating to bankruptcy,
insolvency or 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 it or for any substantial part of its property and, in the case of any
such proceeding instituted against it (but not instituted by it), either such proceeding shall remain undismissed or unstayed for a period of 60 days, or any of the actions sought in such proceeding (including, without limitation, the entry of an
order for relief against, or the appointment of a receiver, trustee, custodian or other similar official for, it or for any substantial part of its property) shall occur; or any Loan Party or any of its Material Subsidiaries shall take any corporate
action to authorize any of the actions set forth above in this subsection (e); or 
 (f) Judgments or orders for the payment of money
in excess of $50,000,000 in the aggregate shall be rendered against any Loan Party or any of its Material Subsidiaries and either (i) enforcement proceedings to attach or levy upon any assets of any Loan Party or its Material Subsidiaries shall
have been commenced by any creditor to enforce such judgment or order or (ii) such judgment or order shall not be discharged and there shall be any period of 45 consecutive days during which a stay of enforcement of such judgment or order, by
reason of a pending appeal or otherwise, shall not be in effect; provided, however, that any such judgment or order shall not be subject to this Section 6.01(f) to the extent and for so long as (x) the
amount of such judgment or order is covered by a valid and binding policy of insurance between the defendant and the insurer covering payment thereof and (y) such insurer, which shall be rated at least
“A-” by A.M. Best Company, has been notified of, and has not denied in writing the claim made for payment of, the amount of such judgment or order; or 

  
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 (g) (i) Any Person or two or more Persons acting in concert shall have acquired
beneficial ownership (within the meaning of Rule 13d-3 of the Securities and Exchange Commission under the Securities Exchange Act of 1934), directly or indirectly, of Voting Stock of Holdings (or other
securities convertible into such Voting Stock) representing 35% or more of the combined voting power of all Voting Stock of Holdings; (ii) during any period of up to 24 consecutive months, commencing after the date of this Agreement,
individuals who at the beginning of such 24-month period were directors of Holdings, together with individuals who were either (x) elected by a majority of the remaining members of the board of directors
of Holdings, (y) nominated for election by a majority of the remaining members of the board of directors of Holdings or (z) appointed by directors so nominated, shall cease for any reason to constitute a majority of the board of directors
of Holdings; or (iii) Holdings shall cease to own, directly or indirectly, 100% of the Voting Stock of the Initial Borrower; or 
 (h)
The Company or any of its ERISA Affiliates shall incur, or shall be reasonably likely to incur liability in excess of $100,000,000 in the aggregate in any year as a result of one or more of the following: (i) the occurrence of any ERISA Event;
(ii) the partial or complete withdrawal of the Company or any of their ERISA Affiliates from a Multiemployer Plan; or (iii) the reorganization or termination of a Multiemployer Plan; or 

(i) any material provision of any Loan Document shall for any reason cease to be valid and binding on or enforceable against the applicable
Loan Parties, or any Loan Party shall so state in writing; 
 (j) so long as any Restricted Subsidiary of the Initial Borrower is a Borrower,
80% (or, in the case of PARC, 90%) of the Equity Interest of such Borrower shall for any reason cease to be owned, directly or indirectly, by the Initial Borrower; or 

(k) any Collateral Document after delivery thereof pursuant to Article III or Section 5.01(j) shall for any
reason (other than pursuant to the terms hereof) cease to create a valid and perfected first priority Lien on any material portion of Collateral purported to be covered thereby; 

then, and in any such event, the Agent (i) shall at the request, or may with the consent, of the Required Lenders, by notice to the Company, declare the
obligation of each Lender to make Advances (other than Advances to be made by an Issuing Bank or a Lender pursuant to Section 2.03(c)) and of the Issuing Banks to issue Letters of Credit to be terminated, whereupon the same
shall forthwith terminate, and (ii) shall at the request, or may with the consent, of the Required Lenders, by notice to the Company, declare the Advances, all interest thereon and all other amounts payable under this Agreement to be forthwith
due and payable, whereupon the Advances, all such interest and all such amounts shall become and be forthwith due and payable, without presentment, demand, protest or further notice of any kind, all of which are hereby expressly waived by each
Borrower; provided, however, that in the event of an actual or deemed entry of an order for relief with respect to any Borrower under the Federal Bankruptcy Code, (A) 

  
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the obligation of each Lender to make Advances (other than Advances to be made by an Issuing Bank or a Lender pursuant to Section 2.03(c)) and of the Issuing Banks to
issue Letters of Credit shall automatically be terminated and (B) the Advances, all such interest and all such amounts shall automatically become and be due and payable, without presentment, demand, protest or any notice of any kind, all of
which are hereby expressly waived by each Borrower. 
 SECTION 6.02 Actions in Respect of the Letters of Credit upon Default. If
any Event of Default shall have occurred and be continuing, the Agent may with the consent, or shall at the request, of the Required Lenders, irrespective of whether it is taking any of the actions described in Section 6.01
or otherwise, make demand upon the Company to, and forthwith upon such demand the Company will, (a) pay to the Agent on behalf of the Lenders in same day funds at the Agent’s office designated in such demand, for deposit in the L/C Cash
Deposit Account, an amount equal to the aggregate Available Amount of all Letters of Credit then outstanding or (b) make such other arrangements in respect of the outstanding Letters of Credit as shall be acceptable to the Required Lenders and
not more disadvantageous to the Company than clause (a); provided, however, that in the event of an actual or deemed entry of an order for relief with respect to any Borrower under the Federal Bankruptcy Code, an amount equal to
the aggregate Available Amount of all outstanding Letters of Credit shall be immediately due and payable to the Agent for the account of the Lenders without notice to or demand upon the Company, which are expressly waived by each Borrower, to be
held in the L/C Cash Deposit Account. If at any time an Event of Default is continuing the Agent determines that any funds held in the L/C Cash Deposit Account are subject to any right or claim of any Person other than the Agent and the Lenders or
that the total amount of such funds is less than the aggregate Available Amount of all Letters of Credit, the Company will, forthwith upon demand by the Agent, pay to the Agent, as additional funds to be deposited and held in the L/C Cash Deposit
Account, an amount equal to the excess of (a) such aggregate Available Amount over (b) the total amount of funds, if any, then held in the L/C Cash Deposit Account that the Agent determines to be free and clear of any such right and claim.
Upon the drawing of any Letter of Credit, to the extent funds are on deposit in the L/C Cash Deposit Account, such funds shall be applied to reimburse the Issuing Banks to the extent permitted by applicable law. After all such Letters of Credit
shall have expired or been fully drawn upon and all other obligations of the Company hereunder and under the Notes shall have been paid in full, the balance, if any, in such L/C Cash Deposit Account shall be returned to the Company. 

SECTION 6.03 Application of Funds. After the exercise of remedies provided for in Sections 6.01 and
6.02 (or after the Advances have automatically become immediately due and payable and the Letters of Credit have automatically been required to be Cash Collateralized as set forth in to Section 6.02), any amounts
received on account of the Obligations shall be applied by the Agent in the order specified in Section 6.5 of the Collateral Agreement. 

  
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 ARTICLE VII. 

[RESERVED] 
 ARTICLE VIII. 

THE AGENT 
 SECTION 8.01
Appointment and Authority. 
 (a) Each of the Lenders and the Issuing Banks hereby irrevocably appoints Citibank to act on its behalf
as the Agent hereunder and authorizes the Agent to take such actions on its behalf and to exercise such powers as are delegated to the Agent by the terms hereof, together with such actions and powers as are reasonably incidental thereto. The
provisions of this Article are solely for the benefit of the Agent, the Lenders and the Issuing Banks, and no Borrower shall have rights as a third-party beneficiary of any of such provisions. It is understood and agreed that the use of the term
“agent” herein (or any other similar term) with reference to the Agent is not intended to connote any fiduciary or other implied (or express) obligations arising under agency doctrine of any applicable law. Instead such term is used as a
matter of market custom, and is intended to create or reflect only an administrative relationship between contracting parties. 
 (b) The
Agent shall also act as the “collateral agent” under the Loan Documents, and each of the Lenders (including in its capacities as a potential Cash Management Bank and potential Hedge Bank) and the Issuing Banks hereby irrevocably appoints
and authorizes the Agent to act as the agent of such Lender and such Issuing Bank for purposes of acquiring, holding and enforcing any and all Liens on Collateral granted by any of the Loan Parties to secure any of the Obligations, together with
such powers and discretion as are reasonably incidental thereto. In this connection, the Agent, as “collateral agent”, and any co-agents, sub-agents and attorneys-in-fact appointed by the Agent pursuant to Section 8.06 for purposes of holding or enforcing any Lien on the Collateral (or any portion
thereof) granted under the Collateral Documents, or for exercising any rights and remedies thereunder (at the direction of the Agent), shall be entitled to the benefits of all provisions of this Article VIII and Article IX (including
Section 9.04(b)), as though such co-agents, sub-agents and
attorneys-in-fact were the “collateral agent” under the Loan Documents, as if set forth in full herein with respect thereto. The provisions of this Article
VIII shall survive the payment in full of the Obligations, the termination of the Commitments and the termination of this Agreement. 

SECTION 8.02 Rights as a Lender. The Person serving as the Agent hereunder shall have the same rights and powers in its capacity
as a Lender as any other Lender and may exercise the same as though it were not the Agent, and the term “Lender” or “Lenders” shall, unless otherwise expressly indicated or unless the context otherwise requires, include the
Person serving as the Agent hereunder in its individual capacity. Such Person and its Affiliates may accept deposits from, lend money to, own securities of, act as the financial advisor or in any other advisory capacity for, and generally engage in
any kind of business with, Holdings or any Restricted Subsidiary or other Affiliate thereof as if such Person were not the Agent hereunder and without any duty to account therefor to the Lenders. 

  
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 SECTION 8.03 Exculpatory Provisions. (a)The Agent shall not have any duties or
obligations except those expressly set forth herein, and its duties hereunder shall be administrative in nature. Without limiting the generality of the foregoing, the Agent: 

(i) shall not be subject to any fiduciary or other implied duties, regardless of whether a Default has occurred and is
continuing; 
 (ii) shall not have any duty to take any discretionary action or exercise any discretionary powers, except
discretionary rights and powers expressly contemplated hereby that the Agent is required to exercise as directed in writing by the Required Lenders (or such other number or percentage of the Lenders as shall be expressly provided for herein);
provided that the Agent shall not be required to take any action that, in its opinion or the opinion of its counsel, may expose the Agent to liability or that is contrary to this Agreement or applicable law, including for the avoidance of
doubt any action that may be in violation of the automatic stay under any Debtor Relief Law or that may effect a forfeiture, modification or termination of property of a Defaulting Lender in violation of any Debtor Relief Law; and 

(iii) shall not, except as expressly set forth herein, have any duty to disclose, and shall not be liable for the failure to
disclose, any information relating to the Company or any of its Affiliates that is communicated to or obtained by the Person serving as the Agent or any of its Affiliates in any capacity. 

(b) The Agent shall not be liable for any action taken or not taken by it (i) with the consent or at the request of the Required Lenders
(or such other number or percentage of the Lenders as shall be necessary, or as the Agent shall believe in good faith shall be necessary, under the circumstances as provided in Sections 9.01 and 6.01), or (ii) in the absence of
its own gross negligence or willful misconduct as determined by a court of competent jurisdiction by final and nonappealable judgment. The Agent shall be deemed not to have knowledge of any Default unless and until notice describing such Default is
given to the Agent in writing by the Company, a Lender or an Issuing Bank. 
 (c) The Agent shall not be responsible for or have any duty to
ascertain or inquire into (i) any statement, warranty or representation made in or in connection with this Agreement, (ii) the contents of any certificate, report or other document delivered hereunder or in connection herewith,
(iii) the performance or observance of any of the covenants, agreements or other terms or conditions set forth herein or the occurrence of any Default, (iv) the validity, enforceability, effectiveness or genuineness of this Agreement, any
other Loan Document, or any other agreement, instrument or document, or the creation, perfection or priority of any Lien purported to be created by the Collateral Documents, (v) the value or the sufficiency of any Collateral or (vi) the
satisfaction of any condition set forth in Article III or elsewhere herein, other than to confirm receipt of items expressly required to be delivered to the Agent. 

  
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 SECTION 8.04 Reliance by Agent. The Agent shall be entitled to rely upon, and
shall not incur any liability for relying upon, any notice, request, certificate, consent, statement, instrument, document or other writing (including any electronic message, internet or intranet website posting or other distribution) reasonably
believed by it to be genuine and to have been signed, sent or otherwise authenticated by the proper Person. The Agent also may rely upon any statement made to it orally or by telephone and reasonably believed by it to have been made by the proper
Person, and shall not incur any liability for relying thereon. In determining compliance with any condition hereunder to the making of an Advance, or the issuance, extension, renewal or increase of a Letter of Credit, that by its terms must be
fulfilled to the satisfaction of a Lender or an Issuing Bank, the Agent may presume that such condition is satisfactory to such Lender or Issuing Bank unless the Agent shall have received notice to the contrary from such Lender or Issuing Bank prior
to the making of such Advance or the issuance of such Letter of Credit. The Agent may consult with legal counsel (who may be counsel for the Loan Parties), independent accountants and other experts selected by it, and shall not be liable for any
action taken or not taken by it in accordance with the advice of any such counsel, accountants or experts. 
 SECTION 8.05
Indemnification. (a) Each Lender severally agrees to indemnify the Agent, in its capacity as such (to the extent not reimbursed by the Company), from and against such Lender’s Ratable Share of any and all liabilities, obligations,
losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever that may be imposed on, incurred by, or asserted against the Agent in any way relating to or arising out of this Agreement or
any action taken or omitted by the Agent under this Agreement (collectively, the “Indemnified Costs”), provided that no Lender shall be liable for any portion of the Indemnified Costs resulting from the Agent’s gross
negligence or willful misconduct. Without limitation of the foregoing, each Lender agrees to reimburse the Agent promptly upon demand for its Ratable Share of any
out-of-pocket expenses (including counsel fees) incurred by the Agent in connection with the preparation, execution, delivery, administration, modification, amendment or
enforcement (whether through negotiations, legal proceedings or otherwise) of, or legal advice in respect of rights or responsibilities under, this Agreement, to the extent that the Agent is not reimbursed for such expenses by the Company. In the
case of any investigation, litigation or proceeding giving rise to any Indemnified Costs, this Section 8.05 applies whether any such investigation, litigation or proceeding is brought by the Agent, any Lender or a third
party. 
 (b) Each Lender severally agrees to indemnify the Issuing Banks, in their respective capacities as such (to the extent not promptly
reimbursed by the Company), from and against such Lender’s Ratable Share of any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever that may
be imposed on, incurred by, or asserted against any such Issuing Bank in any way relating to or arising out of this Agreement or any action taken or omitted by such Issuing Bank hereunder or in connection herewith; provided,
however, that no Lender shall be liable for any portion of such liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements resulting from such Issuing Bank’s gross negligence
or willful misconduct. Without limitation of the foregoing, each Lender agrees to reimburse any such Issuing Bank promptly upon demand for its Ratable Share of any costs and expenses (including, without limitation, fees and expenses of counsel)
payable by the Company under Section 9.04, to the extent that such Issuing Bank is not promptly reimbursed for such costs and expenses by the Company. 

  
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 (c) The failure of any Lender to reimburse the Agent or any Issuing Bank promptly upon
demand for its Ratable Share of any amount required to be paid by the Lenders to the Agent as provided herein shall not relieve any other Lender of its obligation hereunder to reimburse the Agent or any Issuing Bank for its Ratable Share of such
amount, but no Lender shall be responsible for the failure of any other Lender to reimburse the Agent or any Issuing Bank for such other Lender’s Ratable Share of such amount. Without prejudice to the survival of any other agreement of any
Lender hereunder, the agreement and obligations of each Lender contained in this Section 8.05 shall survive the payment in full of principal, interest and all other amounts payable hereunder and under the Notes. Each of the
Agent and each Issuing Bank agrees to return to the Lenders their respective Ratable Shares of any amounts paid under this Section 8.05 that are subsequently reimbursed by the Company. 

SECTION 8.06 Delegation of Duties. The Agent may perform any and all of its duties and exercise its rights and powers hereunder by
or through any one or more sub-agents appointed by the Agent. The Agent and any such sub-agent may perform any and all of its duties and exercise its rights and powers by or through their respective Related Parties. The exculpatory provisions of
this Article shall apply to any such sub-agent and to the Related Parties of the Agent and any such sub-agent, and shall apply to their respective activities in connection with the syndication of the Commitments as well as activities as Agent. The
Agent shall not be responsible for the negligence or misconduct of any sub-agents except to the extent that a court of competent jurisdiction determines in a final and nonappealable judgment that the Agent
acted with gross negligence or willful misconduct in the selection of such sub-agents. 
 SECTION 8.07 Resignation of Agent.
(a) The Agent may at any time give notice of its resignation to the Lenders, the Issuing Banks and the Company. Upon receipt of any such notice of resignation, the Required Lenders shall have the right to appoint a successor, which shall be a
bank with an office in the United States, or an Affiliate of any such bank with an office in the United States, provided that, unless an Event of Default has occurred and is continuing, such successor Agent shall be reasonably satisfactory to
the Company. If no such successor 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 and the Issuing Banks, appoint a successor Agent meeting the qualifications set forth above.
Whether or not a successor has been appointed, such resignation shall become effective in accordance with such notice on the Resignation Effective Date. 

(b) If the Person serving as Agent is a Defaulting Lender pursuant to clause (d) of the definition thereof, the Required Lenders
may, to the extent permitted by applicable law, by notice in writing to the Company and such Person remove such Person as Agent and appoint a successor, provided that, unless an Event of Default has occurred and is continuing, such successor
Agent shall be reasonably satisfactory to the Company. If no such successor shall have been so appointed by the Required Lenders and shall have accepted such appointment within 30 days (or such earlier day as shall be agreed by the Required Lenders)
(the “Removal Effective Date”), then such removal shall nonetheless become effective in accordance with such notice on the Removal Effective Date. 

  
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 (c) With effect from the Resignation Effective Date or the Removal Effective Date (as
applicable) (1) the retiring or removed Agent shall be discharged from its duties and obligations hereunder (except that in the case of any collateral security held by the Agent on behalf of the Lenders or the Issuing Banks under this
Agreement, the retiring or removed Agent shall continue to hold such collateral security until such time as a successor Agent is appointed) and (2) except for any indemnity payments owed to the retiring or removed Agent, all payments,
communications and determinations provided to be made by, to or through the Agent shall instead be made by or to each Lender and Issuing Bank directly, until such time, if any, as the Required Lenders appoint a successor Agent as provided for above.
Upon the acceptance of a successor’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 or removed Agent (other than any rights to indemnity
payments owed to the retiring or removed Agent), and the retiring or removed Agent shall be discharged from all of its duties and obligations hereunder. The fees payable by the Company to a successor Agent shall be the same as those payable to its
predecessor unless otherwise agreed between the Company and such successor. After the retiring or removed Agent’s resignation or removal hereunder, the provisions of this Article and Section 9.04 shall continue in
effect for the benefit of such retiring or removed Agent, its sub-agents and their respective Related Parties in respect of any actions taken or omitted to be taken by any of them while the retiring or removed Agent was acting as Agent. 

SECTION 8.08 Non-Reliance on Agent and Other Lenders. Each Lender and Issuing Bank
acknowledges that it has, independently and without reliance upon the Agent or any other Lender or any of their Related Parties and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to
enter into this Agreement. Each Lender and Issuing Bank also acknowledges that it will, independently and without reliance upon the Agent or any other Lender or any of their Related Parties and based on such documents and information as it shall
from time to time deem appropriate, continue to make its own decisions in taking or not taking action under or based upon this Agreement or any related agreement or any document furnished hereunder. 

SECTION 8.09 No Other Duties, etc. Anything herein to the contrary notwithstanding, none of the Lead Arrangers listed on the cover
page hereof shall have any powers, duties or responsibilities under this Agreement, except in its capacity, as applicable, as the Agent, a Lender or an Issuing Bank hereunder. 

SECTION 8.10 Lender ERISA Representation. 

(a) Each Lender (x) represents and warrants, as of the date such Person became a Lender party hereto, to, and (y) covenants, from the
date such Person became a Lender party hereto to the date such Person ceases being a Lender party hereto, for the benefit of the Agent and each other Lead Arranger and their respective Affiliates, and not, for the avoidance of doubt, to or for the
benefit of any Borrower or any other Loan Party, that at least one of the following is and will be true: 
 (i) such Lender
is not using “plan assets” (within the meaning of 29 CFR § 2510.3-101, as modified by Section 3(42) of ERISA) of one or more Benefit Plans in connection with the Advances, the Letters
of Credit or the Commitments, 

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

(iii) (A) such Lender is an investment fund managed by a “Qualified Professional Asset Manager” (within the
meaning of Part VI of PTE 84-14), (B) such Qualified Professional Asset Manager made the investment decision on behalf of such Lender to enter into, participate in, administer and perform the Advances, the
Letters of Credit, the Commitments and this Agreement, (C) the entrance into, participation in, administration of and performance of the Advances, the Letters of Credit, the Commitments and this Agreement satisfies the requirements of sub-sections (b) through (g) of Part I of PTE 84-14 and (D) to the best knowledge of such Lender, the requirements of subsection (a) of Part I of PTE 84-14 are satisfied with respect to such Lender’s entrance into, participation in, administration of and performance of the Advances, the Letters of Credit, the Commitments and this Agreement, or 

(iv) such other representation, warranty and covenant as may be agreed in writing between the Agent, in its sole discretion,
and such Lender. 
 (b) In addition, unless subclause (i) in the immediately preceding clause (a) is true with
respect to a Lender or such Lender has not provided another representation, warranty and covenant as provided in subclause (iv) in the immediately preceding clause (a), such Lender further (x) represents and warrants, as of
the date such Person became a Lender party hereto, to, and (y) covenants, from the date such Person became a Lender party hereto to the date such Person ceases being a Lender party hereto, for the benefit of the Agent and each other Lead
Arranger and their respective Affiliates, and not, for the avoidance of doubt, to or for the benefit of any Borrower or any other Loan Party, that: 

(i) none of the Agent or any other Lead Arranger or any of their respective Affiliates is a fiduciary with respect to the
assets of such Lender (including in connection with the reservation or exercise of any rights by the Agent under this Agreement, any Loan Document or any documents related to hereto or thereto), 

(ii) the Person making the investment decision on behalf of such Lender with respect to the entrance into, participation in,
administration of and performance of the Advances, the Letters of Credit, the Commitments and this Agreement is independent (within the meaning of 29 CFR § 2510.3-21) and is a bank, an insurance carrier,
an investment adviser, a broker-dealer or other person that holds, or has under management or control, total assets of at least $50,000,000, in each case as described in 29 CFR §
2510.3-21(c)(1)(i)(A)-(E), 
 (iii) the Person making the investment decision on
behalf of such Lender with respect to the entrance into, participation in, administration of and performance of the Advances, the Letters of Credit, the Commitments and this Agreement is capable of evaluating investment risks independently, both in
general and with regard to particular transactions and investment strategies (including in respect of the Obligations), 

  
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 (iv) the Person making the investment decision on behalf of such Lender with
respect to the entrance into, participation in, administration of and performance of the Advances, the Letters of Credit, the Commitments and this Agreement is a fiduciary under ERISA or the Code, or both, with respect to the Advances, the Letters
of Credit, the Commitments and this Agreement and is responsible for exercising independent judgment in evaluating the transactions hereunder, and 

(v) no fee or other compensation is being paid directly to the Agent or any other Lead Arranger or any of their respective
Affiliates for investment advice (as opposed to other services) in connection with the Advances, the Letters of Credit, the Commitments or this Agreement. 

(c) The Agent and each other Lead Arranger hereby informs the Lenders that each such Person is not undertaking to provide impartial investment
advice, or to give advice in a fiduciary capacity, in connection with the transactions contemplated hereby, and that such Person has a financial interest in the transactions contemplated hereby in that such Person or an Affiliate thereof
(i) may receive interest or other payments with respect to the Advances, the Letters of Credit, the Commitments and this Agreement, (ii) may recognize a gain if it extended the Advances, the Letters of Credit or the Commitments for an
amount less than the amount being paid for an interest in the Advances, the Letters of Credit or the Commitments by such Lender or (iii) may receive fees or other payments in connection with the transactions contemplated hereby, the Loan
Documents or otherwise, including structuring fees, commitment fees, arrangement fees, facility fees, upfront fees, underwriting fees, ticking fees, agency fees, administrative agent or collateral agent fees, utilization fees, minimum usage fees,
letter of credit fees, fronting fees, deal-away or alternate transaction fees, amendment fees, processing fees, term out premiums, banker’s acceptance fees, breakage or other early termination fees or fees similar to the foregoing. 

SECTION 8.11 Erroneous Payment. 

(a) If the Agent notifies a Lender, Issuing Bank or Secured Party, or any Person who has received funds on behalf of a Lender, Issuing Bank or
Secured Party (any such Lender, Issuing Bank, Secured Party or other recipient, a “Payment Recipient”), that the Agent has determined in its sole discretion (whether or not after receipt of any notice under immediately succeeding
clause (b)) that any funds received by such Payment Recipient from the Agent or any of its Affiliates were erroneously transmitted to, or otherwise erroneously or mistakenly received by, such Payment Recipient (whether or not known to such
Lender, Issuing Bank, Secured Party or other Payment Recipient on its behalf) (any such funds, whether received as a payment, prepayment or repayment of principal, interest, fees, distribution or otherwise, individually and collectively, an
“Erroneous Payment”) and demands the return of such Erroneous Payment (or a portion thereof), such Erroneous Payment shall at all times remain the property of the Agent and shall be segregated by the Payment Recipient and held in
trust for the benefit of the Agent, and such Lender, Issuing Bank or Secured Party shall (or, with respect to any Payment Recipient who received such funds on its behalf, shall cause such Payment Recipient to) promptly, but in no event later than
two 

  
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Business Days thereafter, return to the Agent the amount of any such Erroneous Payment (or portion thereof) as to which such a demand was made, in same day funds (in the currency so received),
together with interest thereon in respect of each day from and including the date such Erroneous Payment (or portion thereof) was received by such Payment Recipient to the date such amount is repaid to the Agent in same day funds at the greater of
the Federal Funds Rate and a rate determined by the Agent in accordance with banking industry rules on interbank compensation from time to time in effect. A notice of the Agent to any Payment Recipient under this clause (a) shall be
conclusive, absent manifest error. 
 (b) Without limiting immediately preceding clause (a), each Lender, Issuing Bank or Secured
Party, or any Person who has received funds on behalf of a Lender, Issuing Bank or Secured Party, hereby further agrees that if it receives a payment, prepayment or repayment (whether received as a payment, prepayment or repayment of principal,
interest, fees, distribution or otherwise) from the Agent (or any of its Affiliates) (x) that is in a different amount than, or on a different date from, that specified in a notice of payment, prepayment or repayment sent by the Agent (or any
of its Affiliates) with respect to such payment, prepayment or repayment, (y) that was not preceded or accompanied by a notice of payment, prepayment or repayment sent by the Agent (or any of its Affiliates), or (z) that such Lender,
Issuing Bank or Secured Party, or other such recipient, otherwise becomes aware was transmitted, or received, in error or by mistake (in whole or in part) in each case: 

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

(ii) such Lender, Issuing Bank or Secured Party shall (and shall cause any other recipient that receives funds on its
respective behalf to) promptly (and, in all events, within one Business Day of its knowledge of such error) notify the Agent of its receipt of such payment, prepayment or repayment, the details thereof (in reasonable detail) and that it is so
notifying the Agent pursuant to this Section 8.11(b). 
 (c) Each Lender, Issuing Bank or Secured Party hereby
authorizes the Agent to set off, net and apply any and all amounts at any time owing to such Lender, Issuing Bank or Secured Party under any Loan Document, or otherwise payable or distributable by the Agent to such Lender, Issuing Bank or Secured
Party from any source, against any amount due to the Agent under immediately preceding clause (a) or under the indemnification provisions of this Agreement. 

(d) In the event that an Erroneous Payment (or portion thereof) is not recovered by the Agent for any reason, after demand therefor by the
Agent in accordance with immediately preceding clause (a), from any Lender or Issuing Bank that has received such Erroneous Payment (or portion thereof) (and/or from any Payment Recipient who received such Erroneous Payment (or portion
thereof) on its respective behalf) (such unrecovered amount, an “Erroneous Payment Return Deficiency”), upon the Agent’s notice to such Lender or Issuing Lender at any time, (i) such Lender or Issuing Bank shall be deemed
to have assigned its Advances (but not its Commitments) of the relevant Class with respect to which such Erroneous Payment was made (the “Erroneous Payment Impacted Class”) in an amount equal to the Erroneous Payment Return
Deficiency (or 

  
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such lesser amount as the Agent may specify) (such assignment of the Advances (but not Commitments) of the Erroneous Payment Impacted Class, the “Erroneous Payment Deficiency
Assignment”) at par plus any accrued and unpaid interest (with the assignment fee to be waived by the Agent in such instance), and is hereby (together with the Company) deemed to execute and deliver an Assignment and Assumption (or, to the
extent applicable, an agreement incorporating an Assignment and Assumption by reference pursuant to an approved electronic platform as to which the Agent and such parties are participants) with respect to such Erroneous Payment Deficiency
Assignment, and such Lender or Issuing Bank shall deliver any Notes evidencing such Advances to the Company or the Agent, (ii) the Agent as the assignee Lender shall be deemed to acquire the Erroneous Payment Deficiency Assignment,
(iii) upon such deemed acquisition, the Agent as the assignee Lender shall become a Lender or Issuing Bank, as applicable, hereunder with respect to such Erroneous Payment Deficiency Assignment and the assigning Lender or assigning Issuing Bank
shall cease to be a Lender or Issuing Bank, as applicable, hereunder with respect to such Erroneous Payment Deficiency Assignment, excluding, for the avoidance of doubt, its obligations under the indemnification provisions of this Agreement and its
applicable Commitments which shall survive as to such assigning Lender or assigning Issuing Bank and (iv) the Agent may reflect in the Register its ownership interest in the Advances subject to the Erroneous Payment Deficiency Assignment. The
Agent may, in its discretion, sell any Advances acquired pursuant to an Erroneous Payment Deficiency Assignment and upon receipt of the proceeds of such sale, the Erroneous Payment Return Deficiency owing by the applicable Lender or Issuing Bank
shall be reduced by the net proceeds of the sale of such Advance (or portion thereof), and the Agent shall retain all other rights, remedies and claims against such Lender or Issuing Bank (and/or against any recipient that receives funds on its
respective behalf). For the avoidance of doubt, no Erroneous Payment Deficiency Assignment will reduce the Commitments of any Lender or Issuing Bank and such Commitments shall remain available in accordance with the terms of this Agreement. In
addition, each party hereto agrees that, except to the extent that the Agent has sold an Advance (or portion thereof) acquired pursuant to an Erroneous Payment Deficiency Assignment, and irrespective of whether the Agent may be equitably subrogated,
the Agent shall be contractually subrogated to all the rights and interests of the applicable Lender, Issuing Bank or Secured Party under the Loan Documents with respect to each Erroneous Payment Return Deficiency (the “Erroneous Payment
Subrogation Rights”). 
 (e) The parties hereto agree that an Erroneous Payment shall not pay, prepay, repay, discharge or otherwise
satisfy any Obligations owed by any Borrower or any other Loan Party, except, in each case, to the extent such Erroneous Payment is, and solely with respect to the amount of such Erroneous Payment that is, comprised of funds received by the Agent
from any Borrower or any other Loan Party for the purpose of making such Erroneous Payment. 
 (f) To the extent permitted by applicable law,
no Payment Recipient shall assert any right or claim to an Erroneous Payment, and hereby waives, and is deemed to waive, any claim, counterclaim, defense or right of set-off or recoupment with respect to any
demand, claim or counterclaim by the Agent for the return of any Erroneous Payment received, including without limitation waiver of any defense based on “discharge for value” or any similar doctrine. 

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

  
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 SECTION 8.12 Collateral and Guaranty Matters. Each Lender (including in its
capacities as a potential Cash Management Bank and as a potential Hedge Bank) and Issuing Bank irrevocably authorizes the Agent, at its option and in its discretion, after the Effective Date: 

(a) to release any Lien to the extent securing the Obligations on any property granted to or held by the Agent under any Loan Document
(i) upon termination in whole of the Commitments and payment in full of all Obligations (other than (A) contingent indemnification obligations as to which no claim has been asserted and (B) obligations and liabilities under Secured
Cash Management Agreements and Secured Hedge Agreements), the termination or expiration with no pending drawings of all Letters of Credit (other than Letters of Credit which have been Cash Collateralized or as to which other arrangements
satisfactory to the Agent and the applicable Issuing Bank shall have been made) and the termination and payment in full of all obligations and liabilities under Secured Cash Management Agreements and Secured Hedge Agreements in respect of which the
Agent has received notice pursuant to Section 8.13 (other than any such agreements as to which other arrangements reasonably satisfactory to the applicable Cash Management Bank or Hedge Bank have been made), (ii) that is
disposed of in a transaction permitted hereunder the result of which is that, following the consummation thereof, no Loan Party has rights in the property being disposed of, (iii) if approved, authorized or ratified in writing in accordance
with Section 9.01 or (iv) that is on or with respect to Mortgaged Property which is not Material Real Property; 

(b) to release any Guarantor from its Guarantee of the Obligations under the Collateral Agreement (i) upon termination in whole of the
Commitments and payment in full of all Obligations (other than (A) contingent indemnification obligations as to which no claim has been asserted and (B) obligations and liabilities under Secured Cash Management Agreements and Secured Hedge
Agreements), the termination or expiration with no pending drawings of all Letters of Credit (other than Letters of Credit which have been Cash Collateralized or as to which other arrangements satisfactory to the Agent and the applicable Issuing
Bank shall have been made) and the termination and payment in full of all obligations and liabilities under Secured Cash Management Agreements and Secured Hedge Agreements in respect of which the Agent has received notice pursuant to
Section 8.13 (other than any such agreements as to which other arrangements reasonably satisfactory to the applicable Cash Management Bank or Hedge Bank have been made), or (ii) if approved, authorized or ratified in
writing in accordance with Section 9.01; 
 (c) to release any Guarantor from its Guarantee of the Obligations and
all Liens granted by any such Guarantor, and all pledges of Equity Interests in any such Guarantor under the Collateral Agreement if such Person ceases to be a Restricted Subsidiary (including by way of liquidation, merger, consolidation,
amalgamation or dissolution or disposition thereof as permitted by this Agreement), or becomes an Excluded Subsidiary; provided, that if such Guarantor becomes an Excluded Subsidiary solely in reliance on clause (e) of the
definition of “Excluded Subsidiary,” then the release of such Guarantor from its Obligations under the Loan Documents shall only be permitted if the related transaction is not entered into for the primary purpose of evading the collateral
and guarantee requirements of this Agreement and/or with an Affiliate of the Company and no other justifiable business purpose; 

  
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 (d) to execute any intercreditor agreements and/or subordination agreements with any holder
of any Debt or Liens permitted by this Agreement to the extent such intercreditor agreement and/or subordination agreement is required by the terms hereof; and 

(e) to subordinate any Lien on any property granted to or held by the Agent under any Loan Document, to the extent securing the Obligations, to
the holder of any Lien on such property that is permitted by Section 5.02(a)(iv). 
 Upon request by the Agent at
any time, the Required Lenders will confirm in writing the Agent’s authority to release or subordinate its interest in particular types or items of Collateral, or to release any Guarantor from its Guarantee of the Obligations under the
Collateral Agreement pursuant to this Section 8.12. In each case as specified in this Section 8.12, the Agent will, at the Company’s expense, execute and deliver to the applicable Loan Party
such documents as such Loan Party may reasonably request to evidence the release of such item of Collateral from the assignment and security interest granted under the Collateral Documents or to subordinate its interest in such item, or to release
such Guarantor from its Guarantee of the Obligations under the Collateral Agreement, in each case in accordance with the terms of the Loan Documents and this Section 8.12. 

SECTION 8.13 Additional Secured Parties. No Cash Management Bank or Hedge Bank that obtains the benefits of the Collateral
Agreement or any Collateral by virtue of the provisions hereof or of the Collateral Agreement or any Collateral Document shall have any right to notice of any action or to consent to, direct or object to any action hereunder or under any other Loan
Document or otherwise in respect of the Collateral (including the release or impairment of any Collateral) other than in its capacity as a Lender and, in such case, only to the extent expressly provided in the Loan Documents. Notwithstanding any
other provision of this Article VIII to the contrary, the Agent shall not be required to verify the payment of, or that other satisfactory arrangements have been made with respect to, Obligations arising under Secured Cash Management
Agreements and Secured Hedge Agreements unless the Agent has received written notice of such Obligations, together with such supporting documentation as the Agent may request, from the applicable Cash Management Bank or Hedge Bank, as the case may
be. 
 SECTION 8.14 Agent May File Proofs of Claim. In case of the pendency of any receivership, insolvency, liquidation,
bankruptcy, reorganization, arrangement, adjustment or composition under any Debtor Relief Law or any other judicial proceeding relative to any Loan Party or the Agent (irrespective of whether the principal of any Advances or L/C Obligations shall
then be due and payable as herein expressed or by declaration or otherwise and irrespective of whether the Agent shall have made any demand on the Company) shall be entitled and empowered, by intervention in such proceeding or otherwise: 

(a) to file and prove a claim for the amount of the principal and interest owing and unpaid in respect of the Advances, L/C Obligations and all
other Obligations, in each case, that are owing and unpaid by such Loan Party and to file such other documents as may be necessary or advisable in order to have such claims of the Lenders, the Issuing Banks and the Agent (including any claim for the
reasonable compensation, expenses, disbursements and advances of the Lenders, the Issuing Banks and the Agent and their respective agents and counsel and all other amounts due to the Lenders, the Issuing Banks and the Agent under
Section 2.04 and Section 8.05 which are reimbursable or payable by such Loan Party) allowed in such judicial proceeding; 

  
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 (b) to collect and receive any monies or other property payable or deliverable on any such
claims and to distribute the same; and 
 (c) any custodian, receiver, assignee, trustee, liquidator, sequestrator, examiner or other similar
official in any such judicial proceeding is hereby authorized by each Lender and the Issuing Banks to make such payments to the Agent and, if the Agent shall consent, to the making of such payments directly to the Lenders and Issuing Banks, to pay
to the Agent (and Lenders and the Issuing Banks, as applicable) any amount due for the reasonable compensation, expenses, disbursements and advances of the Agent and its agents and counsel, and any other amounts due the Agent under
Section 2.04 and Section 8.05 in each case reimbursable or payable by such Loan Party. 

(d) Nothing contained herein shall be deemed to authorize the Agent to authorize or consent to or accept or adopt on behalf of any Lender or
the Issuing Banks any plan of reorganization, arrangement, adjustment or composition affecting the Obligations or the rights of any Lender or Issuing Banks to authorize the Agent to vote in respect of the claim of any Lender or the Issuing Banks or
in any such proceeding. The Secured Parties hereby irrevocably authorize the Agent, at the direction of the Required Lenders, to credit bid all or any portion of the Obligations (including accepting some or all of the Collateral in satisfaction of
some or all of the Secured Obligations pursuant to a deed in lieu of foreclosure or otherwise) and in such manner purchase all or any portion of the Collateral (x) at any sale thereof conducted under the provisions of the Bankruptcy Code,
including under Sections 363, 1123 or 1129 of the Bankruptcy Code, or any similar laws in any other jurisdictions to which a Loan Party is subject, and (y) at any other sale or foreclosure or acceptance of collateral in lieu of debt conducted
by (or with the consent or at the direction of) the Agent (whether by judicial action or otherwise) in accordance with applicable law. In connection with any such credit bid and purchase, the Obligations owed to the Secured Parties shall be entitled
to be, and shall be, credit bid 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 would 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) in the asset or assets so purchased (or in the Equity Interests or debt instruments of the acquisition vehicle or vehicles that
are used to consummate such purchase). In connection with any such bid (i) the Agent shall be authorized to form one or more acquisition vehicles to make a bid, (ii) to adopt documents providing for the governance of the acquisition
vehicle or vehicles (provided that any actions by the 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 the vote of
the Required Lenders, irrespective of the termination of this Agreement and without giving effect to the limitations on actions by the Required Lenders contained in Section 9.01, and (ii) 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 debt credit
bid by the acquisition vehicle or otherwise), such Obligations shall automatically be reassigned to the Lenders pro rata and the Equity Interests and/or debt instruments issued by any acquisition vehicle on account of the Obligations that had been
assigned to the acquisition vehicle shall automatically be cancelled, without the need for any Lender or any acquisition vehicle to take any further action. 

  
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 ARTICLE IX. 

MISCELLANEOUS 
 SECTION 9.01
Amendments, Etc. No amendment or waiver of any provision of this Agreement or the Notes, nor consent to any departure by any Borrower therefrom, shall in any event be effective unless the same shall be in writing and signed by the Required
Lenders, 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, unless in writing and signed by all
affected Lenders, do any of the following: 
 (a) reduce the principal of, or rate of interest on, the Advances, any reimbursement obligation
in respect of a Letter of Credit or any fees or other amounts payable hereunder; provided, that only the consent of the Required Lenders shall be necessary to amend (i) the definition of “Default Interest” or to waive any
obligation of any Borrower to pay Default Interest and (ii) any financial ratio (including any defined term used therein) or any definition relating to any (x) financial calculation or (y) currency exchange rate calculation affecting
compliance with Sections 5.02(a), (c) or (f), with respect to the amount of Liens, Debt or Investments in currencies other than Dollars hereunder even if, in the case of clause (x) and (y), the effect of such
amendment would be to reduce the rate of interest on any Advance or L/C Obligation or to reduce any fee payable hereunder; 
 (b) postpone
any date fixed for any payment of principal of, or interest on, the Advances, any reimbursement obligation in respect of a Letter of Credit or any fees or other amounts payable hereunder; 

(c) increase the Commitments of the Lenders other than in accordance with Section 2.18 or extend the Commitments of
the Lenders; 
 (d) change the percentage of the Commitments or of the aggregate unpaid principal amount of the Advances, or the number of
Lenders, that shall be required for the Lenders or any of them to take any action hereunder; 
 (e) release any Borrower from any of its
payment obligations under any Loan Document; 
 (f) change Section 6.03 of this Agreement or Section 6.5 of
the Collateral Agreement in a manner that would alter the order of application or pro rata sharing of payments required thereby; 
 (g)
release all or substantially all of the value of the Guarantees of the Obligations in any transaction or series of transactions without the written consent of each Lender, except to the extent the release of any Guarantor is permitted pursuant to
Section 8.12 (in which case such release may be made by the Agent acting alone); 

  
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 (h) release all or substantially all of the Collateral in any transaction or series of
related transactions without the written consent of each Lender, except to the extent the release of any Collateral is permitted pursuant to Section 8.12 (in which case such release may be made by the Agent acting alone);

 (i) contractually subordinate all or any portion of the Revolving Credit Facility or the Liens on all or substantially all of the
Collateral securing the Revolving Credit Facility to any other Debt or Liens; or 
 (j) amend this Section 9.01;

 provided, further that (x) no amendment, waiver or consent shall, unless in writing and signed by the Agent in
addition to the Lenders required above to take such action, affect the rights or duties of the Agent under this Agreement or any Note, and (y) no amendment, waiver or consent shall, unless in writing and signed by the Issuing Banks in addition
to the Lenders required above to take such action, adversely affect the rights or obligations of the Issuing Banks in their capacities as such under this Agreement. 

Notwithstanding anything to the contrary herein, no Defaulting Lender shall have the right to approve or disapprove any amendment, waiver or
consent hereunder, except that (a) the Commitment of such Defaulting Lender may not be increased or extended without the consent of such Defaulting Lender, (b) the principal amount of any Advances outstanding to such Defaulting Lender may
not be waived, forgiven or reduced without such Lender’s consent and (c) the final maturity date(s) of such Defaulting Lender’s Advances or any other extensions of credit or obligations of the Company owing to such Defaulting Lender
may not be extended without such Defaulting Lender’s consent. 
 SECTION 9.02 Notices, Etc. (a) Notices
Generally. Except in the case of notices and other communications expressly permitted to be given by telephone (and except as provided in paragraph (b) below), all notices and other communications provided for herein shall be in
writing and shall be delivered by hand or overnight courier service, mailed by certified or registered mail or sent by facsimile as follows: 

(i) if to any Borrower, to it at 201 Merritt 7, Norwalk, Connecticut 06851, Attention of Vice President and Treasurer
(Telephone No. 203-849-2646); 
 (ii) if
to the Agent, to Citibank at Citibank Delaware, One Penn’s Way, OPS II, New Castle, Delaware 19720, Attention: Agency Operations (AgencyABTFSupport@citi.com (Borrower inquiries only); GlAgentOfficeOps@Citi.com (Borrower notifications);
Facsimile No. (646) 274-5080; Telephone No. (302) 894-6010); 

(iii) if any Issuing Bank, to it at the address provided in writing to the Agent and the Company at the time of its appointment
as an Issuing Bank hereunder; 

  
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 (iv) if to a Lender, to it at its address (or facsimile number) set forth in
its Administrative Questionnaire. 
 Notices sent by hand or overnight courier service, or mailed by certified or registered mail, shall be deemed to have
been given when received; notices sent by facsimile shall be deemed to have been given when sent (except that, if not given during normal business hours for the recipient, shall be deemed to have been given at the opening of business on the next
business day for the recipient). Notices delivered through electronic communications, to the extent provided in paragraph (b) below, shall be effective as provided in said paragraph (b). 

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

Unless the Agent otherwise prescribes, (i) notices and other communications sent to an e-mail
address shall be deemed received upon the sender’s receipt of an acknowledgement from the intended recipient (such as by the “return receipt requested” function, as available, return e-mail or
other written acknowledgement), and (ii) notices or communications posted to an internet or intranet website shall be deemed received upon the deemed receipt by the intended recipient, at its e-mail
address as described in the foregoing clause (i), of notification that such notice or communication is available and identifying the website address therefor; provided that, for both clauses (i) and (ii) 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. 

(c) Change of Address, etc. Any party hereto may change its address or facsimile number for notices and other communications hereunder
by notice to the other parties hereto. 
 (d) Platform. 

(i) Each Borrower agrees that the Agent may, but shall not be obligated to, make the Communications (as defined below)
available to the Issuing Banks and the other Lenders by posting the Communications on Debt Domain, Intralinks, Syndtrak or a substantially similar electronic transmission system (the “Platform”). 

(ii) The Platform is provided “as is” and “as available.” The Agent and its Related Parties (collectively,
the “Agent Parties”) do not warrant the adequacy of the Platform and expressly disclaim liability for errors or omissions in the Communications. No warranty of any kind, express, implied or statutory, including, without limitation,
any warranty of merchantability, fitness for a particular purpose, non-infringement of third-party rights or freedom from viruses or other code defects, is made by any Agent Party in

  
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connection with the Communications or the Platform. In no event shall the Agent Parties have any liability to any Borrower, any Lender or any other Person or entity for damages of any kind,
including, without limitation, direct or indirect, special, incidental or consequential damages, losses or expenses (whether in tort, contract or otherwise) arising out of any Borrower’s or the Agent’s transmission of communications
through the Platform. “Communications” means, collectively, any notice, demand, communication, information, document or other material provided by or on behalf of any Borrower pursuant to this Agreement or the transactions
contemplated herein which is distributed to the Agent, any Lender or any Issuing Bank by means of electronic communications pursuant to this Section, including through the Platform. 

SECTION 9.03 No Waiver; Remedies; Enforcement. No failure on the part of any Lender or the Agent to exercise, and no delay
in exercising, any right hereunder or under any Note shall operate as a waiver thereof; nor shall any single or partial exercise of any such right preclude any other or further exercise thereof or the exercise of any other right. The remedies herein
provided are cumulative and not exclusive of any remedies provided by law. 
 Notwithstanding anything to the contrary contained herein or
in any other Loan Document, the authority to enforce rights and remedies hereunder and under the other Loan Documents against the Loan Parties or any of them shall be vested exclusively in, and all actions and proceedings at law in connection with
such enforcement shall be instituted and maintained exclusively by, the Agent in accordance with Sections 6.01 and 6.02 for the benefit of all the Lenders and the Issuing Banks and, in respect of the Collateral Documents, any other
Secured Party; provided, however, that the foregoing shall not prohibit (a) the Agent from exercising on its own behalf the rights and remedies that inure to its benefit (solely in its capacity as Agent)
hereunder and under the other Loan Documents, (b) each of the Issuing Banks from exercising the rights and remedies that inure to its benefit (solely in its capacity as Issuing Bank) hereunder and under the other Loan Documents, (c) any
Lender from exercising setoff rights in accordance with Section 9.05, or (d) any Secured Party from filing proofs of claim or appearing and filing pleadings on its own behalf during the pendency of a proceeding
relative to any Loan Party under any Debtor Relief Law and provided, further, that if at any time there is no Person acting as Agent hereunder and under the other Loan Documents, then (i) the Required Lenders shall
have the rights otherwise ascribed to the Agent pursuant to Sections 6.01 and 6.02 and (ii) in addition to the matters set forth in clauses (b), (c), and (d) of the preceding proviso
and subject to Section 2.15, any Lender may, with the consent of the Required Lenders, enforce any rights and remedies available to it and as authorized by the Required Lenders. 

SECTION 9.04 Costs and Expenses. (a) Holdings and the Company agree to pay on demand all documented reasonable out-of-pocket costs and expenses of the Agent in connection with the preparation, execution, delivery, administration, modification and amendment of this Agreement, the Loan
Documents and any other documents to be delivered hereunder, including, without limitation, (A) all due diligence, syndication (including printing, distribution and bank meetings), transportation, computer, duplication, appraisal, consultant,
and audit expenses and (B) the reasonable fees and expenses of counsel for the Agent with respect thereto and with respect to advising the Agent as to its rights and responsibilities under this Agreement. The Company further agrees to pay on
demand all out-of-pocket costs and expenses of the Agent and the Lenders, if any, in connection with the enforcement (whether through negotiations, legal proceedings or
otherwise) of this Agreement, the Loan Documents and any other documents to be delivered hereunder, including, without limitation, reasonable fees and expenses of counsel for the Agent and each Lender in connection with the enforcement of rights
under this Section 9.04(a). 
  

  
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 (b) Holdings and the Company agree to indemnify and hold harmless the Agent and each Lender
and each of their Affiliates and their officers, directors, employees, agents, controlling persons, equityholders, partners, members and other representatives of each of the foregoing (each, an “Indemnified Party”) from and against
any and all losses, claims, damages and liabilities of any kind or nature and reasonable, documented and invoiced out-of-pocket fees and expenses, joint or several, to
which any such Indemnified Party may become subject to the extent arising out of, resulting from or in connection with, any claim, litigation, investigation or proceeding (including any inquiry or investigation) relating to any of the foregoing (any
of the foregoing, a “Proceeding”), in connection with (i) this Agreement, the Loan Documents, any of the transactions contemplated herein or the actual or proposed use of the proceeds of the Advances or Letters of Credit (or
with respect to any activities related thereto, including the preparation of such documentation) or (ii) the actual presence of Hazardous Materials on any property of Holdings or any of its Subsidiaries or any Environmental Action relating in
any way to Holdings or any of its Subsidiaries, except to the extent such claim, damage, loss, liability or expense is found in a final, non-appealable judgment by a court of competent jurisdiction to have
resulted from such Indemnified Party’s gross negligence, bad faith or willful misconduct. In the case of any Proceeding to which the indemnity in this Section 9.04(b) applies, such indemnity shall be effective
regardless of whether any such Indemnified Party is a party thereto and whether or not such Proceeding is brought by a Loan Party or the equityholders, Affiliates or creditors of a Loan Party or any other third person. Holdings and the Company agree
to reimburse each such Indemnified Party within 30 days following written demand therefor (together with backup documentation supporting such reimbursement request) for any reasonable, documented and invoiced out-of-pocket legal expenses of one firm of counsel for the Indemnified Party, and, in the case of a conflict of interest, one additional firm of counsel to the similarly situated affected Indemnified Party,
and, if necessary, of a single local counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for the Indemnified Parties (taken as a whole), and other reasonable, documented and invoiced
out-of-pocket fees and expenses incurred in connection with investigating or defending any of the foregoing. 

(c) Holdings and the Company agree not to, without the prior written consent of any Indemnified Party (which consent shall not be unreasonably
withheld, delayed or conditioned (it being understood that it is reasonable for any Indemnified Party to withhold consent if such settlement does not satisfy clauses (a) and (b) of this paragraph)), effect any settlement of any
pending or threatened Proceedings in respect of which indemnity could have been sought hereunder by such Indemnified Party unless such settlement (a) includes an unconditional release of such Indemnified Party from all liability arising out of
such Proceedings and (b) does not include any statement as to, or any admission of, fault, culpability, wrongdoing or a failure to act by or on behalf of such Indemnified Party. 

  
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 (d) Notwithstanding any other provision of this Agreement, Holdings and the Company agree
that (a) each of the Agent and each Lender and each of their Affiliates and their officers, directors, employees, agents, controlling persons, equityholders, partners, members and other representatives of each of the foregoing (each, a
“Protected Party”) shall not be liable for any damages arising from the use by others of information or other materials obtained through internet, electronic, telecommunications or other information transmission systems, except to
the extent that such damages have resulted from the willful misconduct, bad faith or gross negligence of such Protected Party (as determined by a court of competent jurisdiction in a final non-appealable
judgment) and (b) none of Holdings, the Company, the Protected Party, or any respective Affiliates of each of the foregoing, or the respective directors, officers, employees, advisors and agents of the foregoing, will be liable for any
indirect, special, punitive or consequential damages (including, without limitation, any loss of profits, business or anticipated savings) in connection with (i) this Agreement, the Loan Documents, any of the transactions contemplated herein or
the actual or proposed use of the proceeds of the Advances or Letters of Credit (or with respect to any activities related thereto, including the preparation of such documentation) or (ii) the actual presence of Hazardous Materials on any
property of Holdings or any of its Subsidiaries or any Environmental Action relating in any way to Holdings or any of its Subsidiaries; provided, that nothing contained in this paragraph will limit the indemnification obligations of Holdings
and the Company set forth in this Agreement to the extent such indirect, special, punitive or consequential damages are included in any third-party claim with respect to which the applicable Protected Party is entitled to indemnification under
Section 9.04(b).  
 (e) If any payment of principal of, or Conversion of, any Term Benchmark Advance is
made by any Borrower to or for the account of a Lender (i) other than on the last day of the Interest Period for such Advance, as a result of a payment or Conversion pursuant to Sections 2.08, 2.09, 2.10 or 2.12,
acceleration of the maturity of the Notes pursuant to Section 6.01 or for any other reason, or by an Eligible Assignee to a Lender other than on the last day of the Interest Period for such Advance upon an assignment of
rights and obligations under this Agreement pursuant to Section 9.07 as a result of a demand by the Company pursuant to Section 2.21 or (ii) as a result of a payment or Conversion pursuant to
Sections 2.08, 2.09, 2.10 or 2.12, such Borrower shall, upon demand by such Lender (with a copy of such demand to the Agent), pay to the Agent for the account of such Lender any amounts required to compensate such Lender
for any additional losses (other than lost profits), costs or expenses that it may reasonably incur as a result of such payment or Conversion, including, without limitation, any loss (excluding loss of anticipated profits), cost or expense incurred
by reason of the liquidation or reemployment of deposits or other funds acquired by any Lender to fund or maintain such Advance. If the amount of the Committed Currency purchased by any Lender in the case of a Conversion or exchange of Advances in
the case of Sections 2.08, 2.09, or 2.12 exceeds the sum required to satisfy such Lender’s liability in respect of such Advances, such Lender agrees to remit to the applicable Borrower such excess. 

(f) Without prejudice to the survival of any other agreement of Holdings or the Company hereunder, the agreements and obligations of the
Company contained in Sections 2.11, 2.14 and 9.04 shall survive the payment in full of principal, interest and all other amounts payable hereunder and under the Notes. 

SECTION 9.05 Right of Set-off. Upon (a) the occurrence and during the continuance of
any Event of Default under Section 6.01(a) or (b) (i) the occurrence and during the continuance of any Event of Default and (ii) the making of the request or the granting of the consent specified by
Section 6.01 to authorize the Agent to declare the Advances due and payable pursuant to the provisions of Section 6.01, each Lender and each of its Affiliates is hereby authorized at any time and
from time to time, to the fullest extent permitted by law, to set off and apply any and all 

  
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deposits (general or special, time or demand, provisional or final) at any time held and other Debt at any time owing by such Lender or such Affiliate to or for the credit or the account of
Holdings or any Borrower against any and all of the obligations of Holdings or any Borrower now or hereafter existing under this Agreement to such Lender and the Note held by such Lender, whether or not such Lender shall have made any demand under
this Agreement or such Note and although such obligations may be unmatured. Each Lender agrees promptly to notify Holdings or the applicable Borrower after any such set-off and application, provided
that the failure to give such notice shall not affect the validity of such set-off and application. The rights of each Lender and its Affiliates under this Section are in addition to other rights and remedies
(including, without limitation, other rights of set-off) that such Lender and its Affiliates may have. 

SECTION 9.06 Binding Effect. This Agreement shall become effective (other than Section 2.01, which shall
only become effective upon satisfaction of the conditions precedent set forth in Section 3.01) when it shall have been executed by the Company and the Agent and when the Agent shall have been notified by each Initial Lender
that such Initial Lender has executed it and thereafter shall be binding upon and inure to the benefit of the Company, the Agent and each Lender and their respective successors and assigns, except that no Borrower shall have the right to assign its
rights hereunder or any interest herein without the prior written consent of each of the Lenders (and any other attempted assignment or transfer by any party hereto shall be null and void). 

SECTION 9.07 Assignments and Participations. (a) Successors and Assigns Generally. No Lender may assign or otherwise
transfer any of its rights or obligations hereunder except (i) to an assignee in accordance with the provisions of paragraph (b) of this Section, (ii) by way of participation in accordance with the provisions of paragraph
(d) of this Section, or (iii) by way of pledge or assignment of a security interest subject to the restrictions of paragraph (e) of this Section (and any other attempted assignment or transfer by any party hereto shall be
null and void). Nothing in this Agreement, expressed or implied, shall be construed to confer upon any Person (other than the parties hereto, their respective successors and assigns permitted hereby, Participants to the extent provided in
paragraph (d) of this Section and, to the extent expressly contemplated hereby, the Related Parties of each of the Agent and the Lenders) any legal or equitable right, remedy or claim under or by reason of this Agreement. 

(b) Assignments by Lenders. Any Lender may at any time assign to one or more assignees all or a portion of its rights and obligations
under this Agreement (including all or a portion of its Commitment and the Advances at the time owing to it); provided that any such assignment shall be subject to the following conditions: 

(i) Minimum Amounts. 

(A) in the case of an assignment of the entire remaining amount of the assigning Lender’s Commitment and/or the Advances
at the time owing to it or contemporaneous assignments to related Approved Funds that equal at least the amount specified in paragraph (b)(i)(B) of this Section in the aggregate or in the case of an assignment to a Lender, an Affiliate of a
Lender or an Approved Fund, no minimum amount need be assigned; and 

  
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 (B) in any case not described in paragraph (b)(i)(A) of this Section,
the aggregate amount of the Commitment (which for this purpose includes Advances outstanding thereunder) or, if the applicable Commitment is not then in effect, the principal outstanding balance of the Advances of the assigning Lender subject to
each such assignment (determined as of the date the Assignment and Assumption with respect to such assignment is delivered to the Agent or, if “Trade Date” is specified in the Assignment and Assumption, as of the Trade Date) shall
not be less than $10,000,000 unless each of the Agent and, so long as no Event of Default has occurred and is continuing, the Company otherwise consents (each such consent not to be unreasonably withheld or delayed). 

(ii) Proportionate Amounts. Each partial assignment shall be made as an assignment of a proportionate part of all the
assigning Lender’s rights and obligations under this Agreement with respect to the Advance or the Commitment assigned, except that this clause (ii) shall not prohibit any Lender from assigning all or a portion of its rights and
obligations among the Letter of Credit Facility and the Revolving Credit Commitments on a non-pro rata basis. 

(iii) Required Consents. No consent shall be required for any assignment except to the extent required by paragraph
(b)(i)(B) of this Section and, in addition: 
 (A) the consent of the Company (such consent not to be unreasonably
withheld or delayed) shall be required unless (x) an Event of Default has occurred and is continuing at the time of such assignment, or (y) such assignment is to a Lender, an Affiliate of a Lender or an Approved Fund; provided that
the Company shall be deemed to have consented to any such assignment unless it shall object thereto by written notice to the Agent within five Business Days after having received notice thereof; 

(B) the consent of the Agent (such consent not to be unreasonably withheld or delayed) shall be required if such assignment is
to a Person that is not a Lender, an Affiliate of such Lender or an Approved Fund with respect to such Lender; and 
 (C) the
consent of each Issuing Bank (such consent not to be unreasonably withheld or delayed) shall be required for any assignment in respect of the Revolving Credit Commitments. 

(iv) Assignment and Assumption. The parties to each assignment shall execute and deliver to the Agent an Assignment and
Assumption, together with a processing and recordation fee of $3,500; provided that the Agent may, in its sole discretion, elect to waive such processing and recordation fee in the case of any assignment. The assignee, if it is not a Lender,
shall deliver to the Agent an Administrative Questionnaire. 
 (v) No Assignment to Certain Persons. No such
assignment shall be made to (A) the Company or any of the Company’s Affiliates or Subsidiaries or (B) any Defaulting Lender or any of its Subsidiaries, 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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 (vi) No Assignment to Natural Persons. No such assignment shall be
made to a natural Person. 
 (vii) Certain Additional Payments. In connection with any assignment of rights and
obligations of any Defaulting Lender hereunder, no such assignment shall be effective unless and until, in addition to the other conditions thereto set forth herein, the parties to the assignment shall make such additional payments to the Agent in
an aggregate amount sufficient, upon distribution thereof as appropriate (which may be outright payment, purchases by the assignee of participations or subparticipations, or other compensating actions, including funding, with the consent of the
Company and the Agent, the applicable pro rata share of Advances previously requested but not funded by the Defaulting Lender, to each of which the applicable assignee and assignor hereby irrevocably consent), to (x) pay and satisfy in full all
payment liabilities then owed by such Defaulting Lender to the Agent, each Issuing Bank and each other Lender hereunder (and interest accrued thereon), and (y) acquire (and fund as appropriate) its full pro rata share of all Advances and
participations in Letters of Credit in accordance with its Ratable Share. Notwithstanding the foregoing, in the event that any assignment of rights and obligations of any Defaulting Lender hereunder shall become effective under applicable law
without compliance with the provisions of this paragraph, then the assignee of such interest shall be deemed to be a Defaulting Lender for all purposes of this Agreement until such compliance occurs. 

Subject to acceptance and recording thereof by the Agent pursuant to paragraph (c) of this Section, from and after the effective date specified in
each Assignment and Assumption, the assignee thereunder shall be a party to this Agreement and, to the extent of the interest assigned by such Assignment and Assumption, have the rights and obligations of a Lender under this Agreement, and the
assigning Lender thereunder shall, to the extent of the interest assigned by such Assignment and Assumption, be released from its obligations under this Agreement (and, in the case of an Assignment and Assumption covering all of the assigning
Lender’s rights and obligations under this Agreement, such Lender shall cease to be a party hereto) but shall continue to be entitled to the benefits of Sections 2.11 and 9.04 with respect to facts and circumstances occurring
prior to the effective date of such assignment; provided, that except to the extent otherwise expressly agreed by the affected parties, no assignment by a Defaulting Lender will constitute a waiver or release of any claim of any party
hereunder arising from that Lender’s having been a Defaulting Lender. Any assignment or transfer by a Lender of rights or obligations under this Agreement that does not comply with this paragraph shall be treated for purposes of this Agreement
as a sale by such Lender of a participation in such rights and obligations in accordance with paragraph (d) of this Section. 

(c) Register. The Agent, acting solely for this purpose as an agent of the Borrowers, shall maintain at one of its offices in the United
States a copy of each Assignment and Assumption delivered to it and a register for the recordation of the names and addresses of the Lenders, and the Commitments of, and principal amounts (and stated interest) of the Advances owing to, each Lender
pursuant to the terms hereof from time to time (the “Register”). The entries in the Register shall be conclusive absent manifest error, and the Borrowers, the Agent and the Lenders shall treat each Person whose name is recorded in
the Register pursuant to the terms hereof as a Lender hereunder for all purposes of this Agreement. The Register shall be available for inspection by the Company and any Lender, at any reasonable time and from time to time upon reasonable prior
notice. 

  
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 (d) Participations. Any Lender may at any time, without the consent of, or notice to,
the Company, the Agent or any Issuing Bank, sell participations to any Person (other than a natural Person or the Company or any of the Company’s Affiliates or Subsidiaries) (each, a “Participant”) in all or a portion of such
Lender’s rights and/or obligations under this Agreement (including all or a portion of its Revolving Credit Commitment and/or the Advances owing to it); provided that (i) such Lender’s obligations under this Agreement shall
remain unchanged, (ii) such Lender shall remain solely responsible to the other parties hereto for the performance of such obligations, and (iii) the Borrowers, the Agent, the Issuing Banks and Lenders shall continue to deal solely and
directly with such Lender in connection with such Lender’s rights and obligations under this Agreement. For the avoidance of doubt, each Lender shall be responsible for the indemnity under Section 8.05 with respect to
any payments made by such Lender to its Participant(s). 
 Any agreement or instrument pursuant to which a Lender sells such a participation
shall provide that such Lender shall retain the sole right to enforce this Agreement and to approve any amendment, modification or waiver of any provision of this Agreement; provided that such agreement or instrument may provide that such
Lender will not, without the consent of the Participant, agree to any amendment, modification or waiver described in the proviso to Section 9.01 that affects such Participant. Each Borrower agrees that each Participant
shall be entitled to the benefits of Sections 2.11, 9.04(e) and 2.14 (subject to the requirements and limitations therein, including the requirements under Section 2.14(e) (it being understood that the
documentation required under Section 2.14(e) shall be delivered to the participating Lender)) to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to paragraph (b) of
this Section; provided that such Participant (A) agrees to be subject to the provisions of Section 2.21 as if it were an assignee under paragraph (b) of this Section; and (B) shall not be
entitled to receive any greater payment under Sections 2.11 or 2.14, with respect to any participation, than its participating Lender would have been entitled to receive, except to the extent such entitlement to receive a greater
payment results from a change in law that occurs after the Participant acquired the applicable participation. Each Lender that sells a participation agrees, at the Company’s request and expense, to use reasonable efforts to cooperate with the
Company to effectuate the provisions of Section 2.21(b) with respect to any Participant. To the extent permitted by law, each Participant also shall be entitled to the benefits of Section 9.05 as
though it were a Lender; provided that such Participant agrees to be subject to Section 2.15 as though it were a Lender. Each Lender that sells a participation shall, acting solely for this purpose as a non-fiduciary agent of the Borrowers, maintain a register on which it enters the name and address of each Participant and the principal amounts (and stated interest) of each Participant’s interest in the
Advances or other obligations under this Agreement (the “Participant Register”); provided that no Lender shall have any obligation to disclose all or any portion of the Participant Register (including the identity of any
Participant or any information relating to a Participant’s interest in any Revolving Credit Commitments, Advances, Letters of Credit or its other obligations under this Agreement) to any Person except to the extent that such disclosure is
necessary to establish that such Revolving Credit Commitments, Advances, Letters of Credit or other obligation is in registered form under Section 5f.103-1(c) of the United States Treasury Regulations.
The entries 

  
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in the Participant Register shall be conclusive absent manifest error, and such Lender shall treat each Person whose name is recorded in the Participant Register as the owner of such
participation for all purposes of this Agreement notwithstanding any notice to the contrary. For the avoidance of doubt, the Agent (in its capacity as Agent) shall have no responsibility for maintaining a Participant Register. 

(e) Certain Pledges. Any Lender may at any time pledge or assign a security interest in all or any portion of its rights under this
Agreement to secure obligations of such Lender, including any pledge or assignment to secure obligations to a Federal Reserve Bank; 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. 
 SECTION 9.08 Confidentiality. Neither the Agent
nor any Lender may disclose to any Person any confidential, proprietary or non-public information of the Company or any of its Subsidiaries furnished to the Agent or the Lenders by the Company or any of its
Subsidiaries (such information being referred to collectively herein as the “Company Information”), except that each of the Agent and each of the Lenders may disclose Company Information (i) to its and its affiliates’
employees, officers, directors, agents and advisors (it being understood that the Persons to whom such disclosure is made will be informed of the confidential nature of such Company Information and instructed to keep such Company Information
confidential on substantially the same terms as provided herein), (ii) to the extent requested by any regulatory authority, (iii) to the extent required by applicable laws or regulations or by any subpoena or similar legal process, (iv) to
any other party to this Agreement, (v) in connection with the exercise of any remedies hereunder or any suit, action or proceeding relating to this Agreement or the enforcement of rights hereunder, (vi) subject to an agreement containing
provisions substantially the same as those of this Section 9.08, to any assignee or Participant or prospective assignee or Participant or to any credit insurance provider, direct, indirect, actual or prospective
counterparty (and its advisor) to any swap, derivative or securitization transaction related to the obligations under this Agreement, (vii) to the extent such Company Information (A) is or becomes generally available to the public on a non-confidential basis other than as a result of a breach of this Section 9.08 by the Agent or such Lender, or (B) is or becomes available to the Agent or such Lender on a
nonconfidential basis from a source other than the Company, the Agent or another Lender, (viii) to any rating agency when required by it, provided that, prior to any disclosure, such rating agency shall undertake in writing to preserve
the confidentiality of any confidential information relating to the Borrowers received by it from the Agent or any Lender, (ix) disclosure on a confidential basis to the CUSIP Service Bureau or any similar agency in connection with the issuance
and monitoring of CUSIP numbers with respect to the Advances and other third party service providers and (x) with the consent of the Company. In addition, the Agent 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 the Agent and the Lenders in connection with the administration of this Agreement, the other Loan Documents, and the
Commitments. 
 SECTION 9.09 Designated Subsidiaries. (a) Designation. The Company may at any time, and from time to
time, upon not less than 15 Business Days’ notice in the case of any direct or indirect Wholly-Owned Subsidiary so designated after the Effective Date, notify the Agent that the Company intends to designate a Subsidiary as a “Designated
Subsidiary” for purposes of this Agreement. On or after the date that is 15 Business Days after such notice, upon delivery to the 

  
 116 

 
Agent and each Lender of a Designation Agreement duly executed by the Company and the respective Subsidiary and substantially in the form of Exhibit D hereto, such Subsidiary shall
thereupon become a “Designated Subsidiary” for purposes of this Agreement and, as such, shall have all of the rights and obligations of a Borrower hereunder. The Agent shall promptly notify each Lender of the Company’s notice of such
pending designation by the Company and the identity of the respective Subsidiary. Following the giving of any notice pursuant to this Section 9.09(a), if the designation of such Designated Subsidiary obligates the Agent or
any Lender to comply with “know your customer”, the Patriot Act or similar identification procedures in circumstances where the necessary information is not already available to it, the Company shall, promptly upon the request of the Agent
or any Lender, supply such documentation and other evidence as is reasonably requested by the Agent or any Lender in order for the Agent or such Lender to carry out and be satisfied it has complied with the results of all necessary “know your
customer” or other similar checks under all applicable laws and regulations. 
 If the Company shall designate as a Designated
Subsidiary hereunder any Subsidiary not organized under the laws of the United States or any State thereof, any Lender, subject to Section 2.14(f), may, with notice to the Agent and the Company, fulfill its Commitment by
causing an Affiliate or any branch of such Lender to act as the Lender in respect of such Designated Subsidiary. 
 As soon as practicable
after receiving notice from the Company or the Agent of the Company’s intent to designate a direct or indirect Wholly-Owned Subsidiary as a Designated Subsidiary, and in any event no later than five Business Days after the delivery of such
notice, for a Designated Subsidiary that is organized under the laws of a jurisdiction other than of the United States or a political subdivision thereof, any Lender that may not legally lend to, establish credit for the account of and/or do any
business whatsoever with such Designated Subsidiary directly or through an Affiliate of such Lender as provided in the immediately preceding paragraph (a “Protesting Lender”) shall so notify the Company and the Agent in writing.
With respect to each Protesting Lender, the Company shall, effective on or before the date that such Designated Subsidiary shall have the right to borrow hereunder, either (A) notify the Agent and such Protesting Lender that the Commitments of
such Protesting Lender shall be terminated or cause such Protesting Lender to assign all of its Commitments to an Eligible Assignee identified by the Company in accordance with Section 2.21(b); provided that such
Protesting Lender shall have received payment of an amount equal to the outstanding principal of its Advances and/or Letter of Credit reimbursement obligations, accrued interest thereon, accrued fees and all other amounts payable to it hereunder,
from the assignee (to the extent of such outstanding principal and accrued interest and fees) or the Company or the relevant Designated Subsidiary (in the case of all other amounts), or (B) cancel its request to designate such Subsidiary as a
“Designated Subsidiary” hereunder. 
 (b) Termination. Upon the indefeasible payment and performance in full of all of the
indebtedness, liabilities and obligations under this Agreement of any Designated Subsidiary then, so long as at the time no Notice of Borrowing or Notice of Issuance in respect of such Designated Subsidiary is outstanding, such Subsidiary’s
status as a “Designated Subsidiary” shall terminate upon notice to such effect from the Agent to the Lenders (which notice the Agent shall give promptly, and only upon its receipt of a request therefor from the Company). Thereafter, the
Lenders shall be under no further obligation to make any Advance hereunder to such Designated Subsidiary unless it is re-designated as a Designated Subsidiary pursuant to
Section 9.09(a). 

  
 117 

 SECTION 9.10 Governing Law. This Agreement and the Notes shall be governed by,
and construed in accordance with, the laws of the State of New York. 
 SECTION 9.11 Execution in Counterparts;
Integration. This Agreement may be executed in any number of counterparts and by different parties hereto 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. This Agreement, the Agency Fee Letter and the other Loan Documents constitute the entire contract among the parties relating to the subject matter hereof and supersede any and all previous agreements and understandings,
oral or written, relating to the subject matter hereof. Delivery of an executed counterpart of a signature page to this Agreement by email shall be effective as delivery of a manually executed counterpart of this Agreement. 

SECTION 9.12 Judgment. (a) 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 parties hereto agree, to the fullest extent that they may effectively do so, that the rate of exchange used shall be that at which in accordance with normal banking procedures the Agent could purchase
Dollars with such other currency at Citibank’s principal office in London at 11:00 A.M. (London time) on the Business Day preceding that on which final judgment is given. 

(b) If for the purposes of obtaining judgment in any court it is necessary to convert a sum due hereunder in a Committed Currency into Dollars,
the parties agree to the fullest extent that they may effectively do so, that the rate of exchange used shall be that at which in accordance with normal banking procedures the Agent could purchase such Committed Currency with Dollars at
Citibank’s principal office in London at 11:00 A.M. (London time) on the Business Day preceding that on which final judgment is given. 

(c) The obligation of any Borrower in respect of any sum due from it in any currency (the “Primary Currency”) to any Lender or
the Agent hereunder shall, notwithstanding any judgment in any other currency, be discharged only to the extent that on the Business Day following receipt by such Lender or the Agent (as the case may be), of any sum adjudged to be so due in such
other currency, such Lender or the Agent (as the case may be) may in accordance with normal banking procedures purchase the applicable Primary Currency with such other currency; if the amount of the applicable Primary Currency so purchased is less
than such sum due to such Lender or the Agent (as the case may be) in the applicable Primary Currency from a Borrower, such Borrower agrees, as a separate obligation and notwithstanding any such judgment, to indemnify such Lender or the Agent (as
the case may be) against such loss, and if the amount of the applicable Primary Currency so purchased exceeds such sum due to any Lender or the Agent (as the case may be) in the applicable Primary Currency, such Lender or the Agent (as the case may
be) agrees to remit to such Borrower such excess. 

  
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 SECTION 9.13 Jurisdiction, Etc. (a) Each of the parties hereto irrevocably
and unconditionally submits, for itself and its property, to the nonexclusive jurisdiction of any New York State court or federal court of the United States of America sitting in New York City, and any appellate court from any thereof, in any action
or proceeding arising out of or relating this Agreement or any other Loan Document, or for recognition or enforcement of any judgment, and each of the parties hereto irrevocably and unconditionally agrees that all claims in respect of any such
action, litigation or proceeding may be heard and determined in any such New York State court or, to the fullest extent permitted by applicable law, in such federal court. Each of the parties hereto agrees that a final judgment in any such action,
litigation or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law. Nothing in this Agreement or any other Loan Document shall affect any right that any party may
otherwise have to bring any action or proceeding relating to this Agreement or any other Loan Document in the courts of any jurisdiction. Each Designated Subsidiary hereby agrees that service of process in any such action or proceeding brought in
any such New York State court or in such federal court may be made upon the Company at its address set forth in Section 9.02 and each Designated Subsidiary hereby irrevocably appoints the Company its authorized agent to
accept such service of process, and agrees that the failure of the Company to give any notice of any such service shall not impair or affect the validity of such service or of any judgment rendered in any action or proceeding based thereon. The
Company and each Designated Subsidiary hereby further irrevocably consent to the service of process in any action or proceeding in such courts by the mailing thereof by any parties hereto by registered or certified mail, postage prepaid, to the
Company at its address set forth in Section 9.02. To the extent that each Designated Subsidiary 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, execution or otherwise) with respect to itself or its property, each Designated Subsidiary hereby irrevocably waives such immunity in respect of its obligations under this
Agreement or any other Loan Document. 
 (b) Each of the parties hereto irrevocably and unconditionally waives, to the fullest extent it may
legally and effectively do so, any objection that it may now or hereafter have to the laying of venue of any suit, action or proceeding arising out of or relating to this Agreement or any other Loan Document in any New York State or federal court.
Each of the parties hereto hereby irrevocably waives, to the fullest extent permitted by law, the defense of an inconvenient forum to the maintenance of such action or proceeding in any such court. 

SECTION 9.14 Substitution of Currency. If a change in any Committed Currency occurs pursuant to any applicable law, rule or
regulation of any governmental, monetary or multi-national authority, this Agreement (including, without limitation, the definition of Term Benchmark) will be amended to the extent determined by the Agent (acting reasonably and in consultation with
the Company) to be necessary to reflect the change in currency and to put the Lenders and the Borrowers in the same position, so far as possible, that they would have been in if no change in such Committed Currency had occurred. 

SECTION 9.15 No Liability of the Issuing Banks. The Borrowers assume all risks of the acts or omissions of any beneficiary or
transferee of any Letter of Credit with respect to its use of such Letter of Credit. Neither an Issuing Bank nor any of its officers or directors shall be liable or responsible for: (a) the use that may be made of any Letter of Credit or any
acts or omissions of any beneficiary or transferee in connection therewith; (b) the validity, sufficiency or genuineness of documents, or of any endorsement thereon, even if such documents should prove to be in any or all respects invalid,
insufficient, fraudulent or forged; (c) payment by such Issuing Bank against 

  
 119 

 
presentation of documents that do not comply with the terms of a Letter of Credit, including failure of any documents to bear any reference or adequate reference to the Letter of Credit; or
(d) any other circumstances whatsoever in making or failing to make payment under any Letter of Credit, except that the applicable Borrower shall have a claim against such Issuing Bank, and such Issuing Bank shall be liable to such Borrower, to
the extent of any direct, but not consequential, damages suffered by such Borrower that such Borrower proves were caused by such Issuing Bank’s gross negligence, bad faith or willful misconduct when determining whether drafts and other
documents presented under a Letter of Credit comply with the terms thereof. In furtherance and not in limitation of the foregoing, such Issuing Bank may accept documents that appear on their face to be in order, without responsibility for further
investigation, regardless of any notice or information to the contrary; provided that nothing herein shall be deemed to excuse such Issuing Bank if it acts with gross negligence, bad faith or willful misconduct in accepting such documents.

 SECTION 9.16 Patriot Act Notice. Each Lender and the Agent (for itself and not on behalf of any Lender) hereby notifies each
Borrower and each Guarantor that pursuant to the requirements of the Patriot Act and the Beneficial Ownership Regulation, it is required to obtain, verify and record information that identifies each Borrower and each Guarantor, which information
includes the name and address of each Borrower and each Guarantor and other information that will allow such Lender or the Agent, as applicable, to identify each Borrower and each Guarantor in accordance with the Patriot Act and the Beneficial
Ownership Regulation. Each Borrower and each Guarantor shall provide such information and take such actions as are reasonably requested by the Agent or any Lenders in order to assist the Agent and the Lenders in maintaining compliance with the
Patriot Act and the Beneficial Ownership Regulation. 
 SECTION 9.17 Power of Attorney. Each Subsidiary of Holdings may from
time to time authorize and appoint the Company as its attorney-in-fact to execute and deliver (a) any amendment, waiver or consent in accordance with
Section 9.01 on behalf of and in the name of such Subsidiary and (b) any notice or other communication hereunder, on behalf of and in the name of such Subsidiary. Such authorization shall become effective as of the
date on which such Subsidiary delivers to the Agent a power of attorney enforceable under applicable law and any additional information to the Agent as necessary to make such power of attorney the legal, valid and binding obligation of such
Subsidiary. 
 SECTION 9.18 No Fiduciary Duties. Holdings and each Borrower agree that the Agent and Lenders, together with
their respective Affiliates (the “Banks”), are full service financial firms and as such from time to time may (a) effect transactions for its own account or the account of customers, and hold long or short positions in debt or
equity securities or loans of companies that may be the subject of the transactions contemplated hereby or (b) provide debt financing, equity capital, investment banking, financial advisory services, securities trading, hedging, financing and
brokerage activities and financial planning and benefits counseling to other companies in respect of which the Loan Parties or their Affiliates may have competing interests. Holdings and each Borrower also acknowledge that the Banks have no
obligation to use in connection with the transactions contemplated hereby, or to furnish to Holdings and the Company, confidential information obtained from other companies or other persons. The Banks may have economic interests that conflict with
the economic interests of Holdings and the Company and their respective Affiliates. Holdings and each Borrower acknowledge and agree that (a)(i) the arrangement and other services described herein are
arm’s-length commercial transactions 

  
 120 

 
between the Loan Parties and their Affiliates, on the one hand, and the Banks, on the other hand, that do not directly or indirectly give rise to, nor do the Loan Parties rely on, any fiduciary
duty on the part of the Banks, (ii) no Bank has provided any legal, accounting, regulatory or tax advice to the Loan Parties with respect to any of the transactions contemplated hereby and the Loan Parties are not relying on the Banks for such
advice, (iii) the Loan Parties have consulted their own own legal, accounting, regulatory and tax advisors to the extent they have deemed appropriate and they are not relying on the Banks for such advice, (iv) the Loan Parties are capable
of evaluating, and understand and accept, the terms, risks and conditions of the transactions contemplated hereby and (v) the Loan Parties waive, to the fullest extent permitted by law, any claims that they may have against any Bank for breach
of fiduciary duty or alleged breach of fiduciary duty arising solely by virtue of this Agreement and the other Loan Documents, and agree that, in such capacity, the Banks shall not have any liability (whether direct or indirect) to the Loan Parties
in respect of a fiduciary duty claim arising under this Agreement or the other Loan Documents, or to any person asserting any such fiduciary claim arising under this Agreement or the other Loan Documents on behalf of or in right of the Loan Parties,
including their stockholders, employees or creditors; and (b) in connection with the transactions contemplated hereby, (i) each Bank has been, is, and will be acting solely as a principal and, except as otherwise expressly agreed in
writing by the relevant parties, has not been, is not, and will not be acting as an advisor, agent or fiduciary for the Loan Parties or any of their affiliates and (ii) no Bank has any obligation to the Loan Parties or their Affiliates, except
those obligations expressly set forth in this Agreement and the other Loan Documents. 
 SECTION 9.19 Acknowledgement and Consent to
Bail-In of Affected Financial Institutions. Notwithstanding anything to the contrary in any Loan Document or in any other agreement, arrangement or understanding among any such parties, each party hereto
acknowledges that any liability of any Affected Financial Institution arising under any Loan Document, to the extent such liability is unsecured, may be subject to the Write-Down and Conversion Powers of the applicable Resolution Authority and
agrees and consents to, and acknowledges and agrees to be bound by: 
 (a) the application of any Write-Down and Conversion Powers by the
applicable Resolution Authority to any such liabilities arising hereunder that may be payable to it by any party hereto that is an Affected Financial Institution; and 

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

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

(ii) a conversion of all, or a portion of, such liability into shares or other instruments of ownership in such Affected
Financial Institution, its parent undertaking, or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or other instruments of ownership will be accepted by it in lieu of any rights with respect to any
such liability under this Agreement or any other Loan Document; or 
 (iii) the variation of the terms of such liability in
connection with the exercise of the Write-Down and Conversion Powers of the applicable Resolution Authority. 

  
 121 

 SECTION 9.20 Waiver of Jury Trial. Each of the parties to this Agreement hereby
irrevocably waives all right to trial by jury in any action, proceeding or counterclaim (whether based on contract, tort or otherwise) arising out of or relating to this Agreement or the other Loan Documents or the actions of the Agent or any Lender
in the negotiation, administration, performance or enforcement thereof. 
 SECTION 9.21 Interest Rate Limitation.
Notwithstanding anything to the contrary contained in any Loan Document, the interest paid or agreed to be paid under the Loan Documents shall not exceed the maximum rate of non-usurious interest permitted by
applicable Law (the “Maximum Rate”). If the Agent or any Lender shall receive interest in an amount that exceeds the Maximum Rate, the excess interest shall be applied to the unpaid principal of the Advances or, if it exceeds such
unpaid principal, refunded to the Company. In determining whether the interest contracted for, charged, or received by the Agent or any Lender exceeds the Maximum Rate, such Person may, to the extent permitted by applicable Law,
(a) characterize any payment that is not principal as an expense, fee, or premium rather than interest, (b) exclude optional prepayments and the effects thereof and (c) amortize, prorate, allocate, and spread in equal or unequal parts
the total amount of interest throughout the contemplated term of the Obligations hereunder. 
 SECTION 9.22 Acknowledgement
Regarding Any Supported QFCs. To the extent that the Loan Documents provide support, through a guarantee or otherwise, for Swap Contracts or any other agreement or instrument that is a QFC (such support, “QFC Credit Support” and
each such QFC a “Supported QFC”), the parties acknowledge and agree as follows with respect to the resolution power of the Federal Deposit Insurance Corporation under the Federal Deposit Insurance Act and Title II of the Dodd-Frank
Wall Street Reform and Consumer Protection Act (together with the regulations promulgated thereunder, the “U.S. Special Resolution Regimes”) in respect of such Supported QFC and QFC Credit Support (with the provisions below
applicable notwithstanding that the Loan Documents and any Supported QFC may in fact be stated to be governed by the laws of the State of New York or of the United States or any other state of the United States): 

(a) In the event a Covered Entity that is party to a Supported QFC (each, a “Covered Party”) becomes subject to a proceeding
under a U.S. Special Resolution Regime, the transfer of such Supported QFC and the benefit of such QFC Credit Support (and any interest and obligation in or under such Supported QFC and such QFC Credit Support, and any rights in property securing
such Supported QFC or such QFC Credit Support) from such Covered Party will be effective to the same extent as the transfer would be effective under the U.S. Special Resolution Regime if the Supported QFC and such QFC Credit Support (and any such
interest, obligation and rights in property) were governed by the laws of the United States or a state of the United States. In the event a Covered Party or a BHC Act Affiliate of a Covered Party becomes subject to a proceeding under a U.S. Special
Resolution Regime, Default Rights under the Loan Documents that might otherwise apply to such Supported QFC or any QFC Credit Support that may be exercised against such Covered Party are permitted to be exercised to no greater extent than such
Default Rights could be exercised under the U.S. Special Resolution Regime if the Supported QFC and the Loan Documents were governed by the laws of the United States or a state of the United States. Without limitation of the foregoing, it is
understood and agreed that rights and remedies of the parties with respect to a Defaulting Lender shall in no event affect the rights of any Covered Party with respect to a Supported QFC or any QFC Credit Support. 

  
 122 

 (b) As used in this Section 9.22, the following terms have the
following meanings: 
 “BHC Act Affiliate” of a party means an “affiliate” (as such term is defined under, and
interpreted in accordance with, 12 U.S.C. 1841(k)) of such party. 
 “Covered Entity” means any of the following: 

 

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

  

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

  

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

 “Default Right” has the meaning assigned to that term in, and shall be interpreted in
accordance with, 12 C.F.R. §§ 252.81, 47.2 or 382.1, as applicable. 
 “QFC” has the meaning assigned to the term
“qualified financial contract” in, and shall be interpreted in accordance with, 12 U.S.C. 5390(c)(8)(D). 

  
 123 

 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. 
  

			
	XEROX CORPORATION
		
	By	 	 /s/ Xavier Heiss

	Name:	 	Xavier Heiss
	Title:	 	Executive Vice President and Chief Financial Officer
	
	XEROX HOLDINGS CORPORATION
		
	By	 	 /s/ Xavier Heiss

	Name:	 	Xavier Heiss
	Title:	 	Executive Vice President and Chief Financial Officer

  
 124 

 
			
	 CITIBANK, N.A.,
 as Agent, Lender
and Issuing Bank

		
	By	 	 /s/ Javier Escobar

	Name:	 	Javier Escobar
	Title:	 	Managing Director & Vice President
	
	 MIZUHO BANK, LTD.,
 as Lender and
Issuing Bank

		
	By	 	 /s/ Raymond Ventura

	Name:	 	Raymond Ventura
	Title:	 	Managing Director
	
	 CRÉDIT AGRICOLE CORPORATE AND INVESTMENT BANK,

as Lender and Issuing Bank

		
	By	 	 /s/ Gordon Yip

	Name:	 	Gordon Yip
	Title:	 	Director
		
	By	 	 /s/ Paul Arens

	Name:	 	Paul Arens
	Title:	 	Director
	
	 TRUIST BANK,
 as Lender and
Issuing Bank

		
	By	 	 /s/ David Miller

	Name:	 	David Miller
	Title:	 	Director
	
	 THE BANK OF NOVA SCOTIA,
 as
Lender and Issuing Bank

		
	By	 	 /s/ Luke Copley

	Name:	 	Luke Copley
	Title:	 	Director

 
			
	 PNC BANK, NATIONAL ASSOCIATION,
 as
Lender

		
	By	 	 /s/ Kristin Wenslau

	Name:	 	Kristin Wenslau
	Title:	 	Senior Vice President
	
	 HSBC BANK USA, NATIONAL ASSOCIATION,

as Lender

		
	By	 	 /s/ Kyle Patterson

	Name:	 	Kyle Patterson
	Title:	 	Senior Vice President

 SCHEDULE I 

COMMITMENTS 
  

									
	 Name of Initial Lender
	  	Revolving Credit
Commitment	 	  	Letter of Credit
Commitment	 
	 Citibank, N.A.
	  	$	85,000,000	 	  	$	30,000,000	 
	 Mizuho Bank, Ltd.
	  	$	85,000,000	 	  	$	30,000,000	 
	 Crédit Agricole Corporate and Investment Bank
	  	$	85,000,000	 	  	$	30,000,000	 
	 Truist Bank
	  	$	85,000,000	 	  	$	30,000,000	 
	 The Bank of Nova Scotia
	  	$	85,000,000	 	  	$	30,000,000	 
	 PNC Bank, National Association
	  	$	65,000,000	 	  	$	0	 
	 HSBC Bank USA, National Association
	  	$	10,000,000	 	  	$	0	 
		  	  
	  
	 	  	  
	  
	 
	 Total:
	  	$	500,000,000	 	  	$	150,000,000

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